LONDON (ShareCast) - CATERPILLAR (NYSE: CAT - news) : JP Morgan downgrades to neutral from overweight, price target of $90 (vs. $109).
HESS (NYSE: HES - news) : Howard Weil downgrades to hold from overweight.
JC PENNEY (NYSE: JCP - news) : Credit Suisse (NYSEArca: CSMA - news) downgrades to underweight from neutral.
JOHNSON & JOHNSON (NYSE: JNJ - news) : Jefferies & Co downgrades to hold from buy.
WALT DISNEY: Citi upgrades to buy from neutral.