machinery demand is in the early stages of recovery, with significant scope for inventory restock," analyst Jerry Revich wrote in a note to clients Tuesday. 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 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 .