5 Stocks Gaining Value on Analysts’ Upgrades

3. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders: 43

Caterpillar Inc. (NYSE:CAT) shares hit a new 52-week high of $258.58 on Friday, January 13, after BofA analyst Michael Feniger turned bullish on the construction-equipment manufacturer.

Feniger raised his ratings for Caterpillar Inc. (NYSE:CAT) from “Neutral” to “Buy” and lifted his price target from $217 per share to $295 per share. The analyst thinks prices are increasing faster than costs, providing earnings stability in these uncertain times. He also expects Caterpillar to post stable results for Q4 and Q1.

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