UBS upgrades Caterpillar to buy, sees 15% rally ahead

Published Fri, Oct 29 20216:12 AM EDTUpdated Fri, Oct 29 202110:42 AM EDT

Caterpillar excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, Jan. 27, 2020.

Luke Sharrett | Bloomberg | Getty Images

UBS upgraded Caterpillar on Friday, saying supply chain disruptions and inflationary challenges for the industrial giant should ease next year.

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