Heavy Equipment Winners & Losers

NEW YORK (TheStreet) -- Heavy-machinery equities were on the move Tuesday, with shares of mining-gear specialists pacing the gains.

An analyst from UBS lifted his price target on Joy Global's(JOYG Quote) stock to $55 from $42, citing Chinese plans to continue boosting steel production. This would help the coal-mining industry, which, in turn, would help Joy Global.

The Milwaukee company's stock closed Tuesday's regular session at $49.54, up $1.99, or 4.2%, on average volume.

Shares of the company's crosstown peer, Bucyrus(JOYG Quote), gained even more. It ended the day at $37.13, up $2.25, or 6.5%.

Elsewhere, Caterpillar(CAT Quote) shares rose 3.6%, or $1.88, to $54.34, despite posting weak August sales figures on Monday.

Among other names, construction-equipment maker Terex(TEX Quote) saw its stock jump $2.25, or 6.5%, to $37.13, while shares of farm-equipment maker Deere rose $1.30, or nearly 3%, to $46.18.

-- Written by Scott Eden in New York

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