Why These 5 Stocks Are on the Move on Friday

4. Caterpillar Inc. (NYSE:CAT) has risen 2.2% as of 10:49 AM ET following a coverage initiation that reflects a 9% upside from the last closing price. Seth Weber at Wells Fargo started coverage on Caterpillar Inc. (NYSE:CAT) with an Equal Weight rating and a target price of $231. In a research note issued to investors, Mr. Weber highlighted that Caterpillar Inc. (NYSE:CAT) is in a strong position to seek benefit from the construction, energy, and mining industries. Furthermore, the stock offers upside as we progress deeper into the current economic cycle. Out of the 924 hedge funds being tracked by Insider Monkey, 53 funds held a stake in Caterpillar Inc. (NYSE:CAT) at the end of Q4 2021