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tdp2664 E money daily Caterpillar (NYSE:CAT) has decided to invest more in the Chinese market. Caterpillar (NYSE:CAT) Boosts China Investment Caterpillar (NYSE:CAT), the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines, recently bought the Chinese underground mining equipment manufacturer, ERA Mining Machinery LTD. for $894 million. The company has now decided to invest more in the Chinese market to strengthen their presence. It is reported that the firm’s investment in China is aimed at hitting Caterpillar (NYSE:CAT)'s longterm goal to become the global leader in the mining industry. Caterpillar Inc. (NYSE:CAT) shares were at 87.76 at the end of the last day’s trading. There’s been a 8.5% change in the stock price over the past 3 months. Caterpillar Inc. (NYSE:CAT) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.67 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.86 Zack’s Rank: 2 out of 8 in the industry
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