Can Caterpillar Stock Keep Going Up? 1 Analyst Thinks So

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

With their shares up 48% over the past year, Caterpillar (NYSE: CAT) investors have every reason to be happy. And according to one analyst, there's even more good news in store as the market realizes that Caterpillar is a lot more profitable than it appears on the surface. This morning, investment banker UBS upgraded Caterpillar stock to buy and assigned a price target of $140 on the shares.

Here are three things you need to know about that.

Source: Fool.com