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Citi analyst Kyle Menges launched coverage of several U.S. machinery stocks. He has a Buy rating on Caterpillar stock, and a Hold rating on Deere’s.
(Bloomberg) -- Norway’s largest private pension fund has exited its stake in Caterpillar Inc., citing concerns that the US company may be contributing to human rights abuses in the West Bank and Gaza.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVolkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureFedEx Stokes Investors With Hint of a Freight DealNvidia Rout Takes Breather as Traders Scour Charts for SupportA $100 Billion Bet