Jun 20, 2011
Caterpillar Inc. (NYSE:CAT) rose 1.3% Monday and was leading the Dow Jones Industrial Average after reporting strong sales to the U.S. Securities and Exchange Commission.
The company's three-month sales, ending in May, were up 52% compared to the same time period in 2010.
The increase has been driven by sales in Europe, Africa, and the Middle East. These sales are up 65% from a year ago. Sales rose 60% in Latin America. Stock changed at $97.24 at the latest, but has dropped 6.8% over the past month.
Caterpillar (NYSE:CAT) has a potential upside of 38.2% based on a current price of $97.36 and an average consensus analyst price target of $134.53.
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