Caterpillar Inc.’s stock CAT, +0.10% rose 0.3% in premarket trading Thursday, and was the only Dow Jones Industrial Average DJIA, -0.50% component gaining ground, after Goldman Sachs analyst Jerry Revich turned bullish for the first time in six months, citing an “attractive” risk-versus-reward scenario as the outlook for inventories has improved. Revich raised his rating to buy after being at neutral since Aug. 6, and boosted his stock price target $168 from $156. Revich said he is seeing a combination of a tightening in U.S. construction equipment capacity utilization, dealer inventories and backlog that appear to be approaching “trough” levels and margin tailwinds into 2021 from reduced restructuring and the destocking of inventory. He acknowledged, however, that economic growth in Asia is a “key risk” to his bullish view.