U.S. Markets closed

Under Armour Upgrade, Coach Downgrade and BofA Eyes Caterpillar

Jefferies makes a bullish call on Under Armour (UA), Sterne Agee cuts its' rating on Coach (COH) and BofA Merrill Lynch says investors should be buying shares of Caterpillar. Jefferies is raising its rating on shares of Under Armour to BUY from HOLD saying the athletic apparel maker is in a great growth position and the potential upside reward outweighs the risk. Sterne Agee is cutting its rating on shares of Coach to HOLD from BUY saying the fundamentals will remain challenged in the near term and will put both earnings and the multiple at risk. Bank of America Merrill Lynch is reiterating their BUY rating on Caterpillar because 2014 expectations may be too low. Ruben Ramirez reports from the NYSE.