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Caterpillar Says Wall Street ‘Too Optimistic’ on Its 2017 Profit

Caterpillar Inc. said Wall Street analysts are “too optimistic” on its potential for earnings next year, but the manufacturing giant signaled an infrastructure bill in the U.S. and OPEC’s decision to reduce oil production could help performance.

The company’s stock rose 1% to $96.49 in morning trading in New York.

Caterpillar’s sales performance has lagged in recent years as miners shelved equipment-buying plans as commodity prices fell, and then oil prices also dropped, along with...