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Ratings changed at Cat, Navistar

Analysts changed their ratings or began coverage today on the following stocks. The stock symbols are listed in parentheses after the companies' names.

• Caterpillar Inc (CAT US) was rated new "Outperform" at Raymond James by equity analyst Theoni Pilarinos. The 12-month target price is $85.00 per share. Locally, Cat has operations in Montgomery.

• Warrenville-based Navistar International Corp (NAV US) was downgraded to "Underweight" from "Neutral" at JPMorgan by equity analyst Ann Duignan. The 6-month target price is $50.00 per share.