# Caterpillar upgraded at Morgan Stanley after underestimating U.S. construction market.

*business · news · 2026-05-01 · Seeking Alpha*

## Key points

- Morgan Stanley upgraded Caterpillar after previously underestimating the U.S. construction market outlook.
- Caterpillar shares rose over 9% following a strong earnings beat and an increased revenue forecast.
- The company's updated full-year revenue guidance was driven by robust U.S. construction demand.
- Previous Wall Street projections did not fully capture the strength of U.S. construction trends.

**Companies:** Caterpillar Inc.
**Countries:** United States

[Read the full story on Seeking Alpha](https://seekingalpha.com/news/4584248-caterpillar-upgraded-at-morgan-stanley-after-underestimating-u-s-construction-market)

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