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CAT Has More Lives; Shares Could Make a Comeback

-Stock Near 52-week low; investors hate it but that’s the opportunity

-Rebounding global growth in 2020 should expand P/E, boost shares sharply

-Lower interest rates and weak USD a potential tailwind

Caterpillar is the poster child for companies damaged by the new tariff regime introduced by President Donald Trump. It’s the whipping boy for investors worried by slowing global growth. In other words, trade good but tariffs bad for CAT. According to FactSet, companies which get 50% of sales outsi...

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