Upgrades:
Caterpillar (CAT) upgraded to Neutral from Sell at Goldman; target $78
Downgrades:
Intl Paper (IP) downgraded to Sector Perform from Outperform at RBC Capital Mkts; target $46
Other:
McDonald's (MCD) target raised to $140 from $135 at RBC Capital Mkts
General Electric (GE) target raised to $35 from $33 at RBC Capital Mkts
Freeport-McMoRan (FCX) target raised to $12 from $6.50 at RBC Capital Mkts
Honeywell (HON) target raised to $122 from $121 at RBC Capital Mkts
Honeywell (HON) target raised to $129 from $127 at Stifel
Tesla Motors (TSLA) target raised to $245 from $202 at Goldman; Neutral