Why These 5 Stocks Are Moving on Tuesday

4. Caterpillar Inc. (NYSE:CAT) has gained more than 6.5% after the stock was upgraded from a Hold to a Buy rating by Stephen Volkmann at Jefferies. The analyst also made an upward revision in the target price from $215 to $260. Volkmann considers the constrained CAPEX and ESG themes, impacting the mining, oil, and gas businesses, to remain as an overhang on Caterpillar Inc.’s (NYSE:CAT) stock. However, the investment thesis has changed significantly following the Russian invasion of Ukraine. The rise in global commodity prices and a fundamental change to the global commodity markets are expected to drive a decade of reinvestment. At the end of the fourth quarter, 53 hedge funds had a long position in Caterpillar Inc. (NYSE:CAT).