The yearly sales of construction and mining machinery manufacturer Caterpillar are expected to significantly exceed Wall Street predictions , according to Goldman Sachs . The investment bank has therefore reiterated its credit rating on Caterpillar shares and added the company to its stock conviction buy list . The construction machinery market is in the early stages of recovery and offers increased opportunities for inventory restock as the industry 's capital expenditure on machinery returns to normal , according to Goldman Sachs analyst Jerry Revich .
The yearly earnings of construction and mining equipment manufacturer Caterpillar are expected to significantly outperform Wall Street predictions, according to Goldman Sachs. The investment bank has therefore reiterated its buy rating on Caterpillar shares and added the company to its Americas conviction buy list. The construction machinery market is in the early stages of recovery and offers increased scope for inventory restock as the industry's capital expenditure on machinery returns to normal, according to Goldman Sachs analyst Jerry Revich.