Caterpillar Shares Rise After Baird's Bullish Call

The video discusses the stock's performance, highlighting its recovery from March lows and its current standing against the S&P 500 and rivals. Analysts have mixed opinions, with some raising price targets due to optimism about construction demand and infrastructure spending under the Biden administration. The video also covers the impact of rising commodity prices and the expected increase in sales for 2021 and 2022.

What reasons did analysts cite for optimism going into the new year?

What are the expected sales increases for 2021 and 2022 according to the analysts?