A new ‘megacycle’ may send shares of this dirt-moving equipment maker up 25%: analyst

Caterpillar (CAT) is poised to drive into the middle of a new financial “megacycle” that could send its stock price higher by at least 25%, argues Cowen analyst Matt Elkott.

“We are projecting a megacycle of financial performance for Caterpillar in the next three years starting in 2021. Growth in revenue, gross margin, operating margin and EPS. It’s fairly consistent with the consensus, but I think what is somewhere overlooked here is this will be the first time in 14 years that Caterpillar…

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