(By Balachander) A number of stocks were upgraded and downgraded by equities research analysts on Monday.
Caterpillar Inc. (NYSE: CAT): JPMorgan (JPM) downgraded rating on the stock "Neutral" from "Overweight". Shares traded nearly flat at $85.00.
Garmin Ltd. (NASDAQ: GRMN): Goldman Sachs (GS) downgraded rating on the stock to "Sell" from "Neutral". The stock traded 2.12 percent lower at $36.22.
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J.C. Penney Company Inc. (NYSE: JCP): Credit Suisse downgraded rating on the stock to "Underperform" from "Neutral". Shares tumbled 9.98 percent to trade at $18.57.
Johnson & Johnson (NYSE: JNJ): Jefferies (JEF) downgraded rating on the stock to "Hold" from "Buy". Shares inched up 0.07 percent to trade at $69.92.
Tripadvisor Inc. (NASDAQ: TRIP): Morgan Stanley (MS) upgraded rating on the stock to "Overweight" from "Underweight". Shares added 2.59 percent to trade at $35.20.
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Walt Disney Co. (NYSE: DIS): Citigroup (C) upgraded rating on the stock to "Buy" from "Neutral". The stock traded 0.08 percent lower at $47.03.