Rosecliff Capital's Mike Murphy makes the bullish case for Caterpillar (CAT +1.5%) as he calls...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Rosecliff Capital's Mike Murphy makes the bullish case for Caterpillar (CAT +1.5%) as he calls fears of a China slowdown "overdone." He assigns an earnings multiple of 13 to CAT and calls for a run to $130. It's a take that the Reformed Broker isn't on board with as he says enough money hasn't come out of the space yet.