• Safran agreed to acquire L-1 Identity (NYSE: ID) for $1.6 billion cash, or $12 per share

• General Growth Properties (NYSE: GGP) paid $230 million to Howard Hughes heirs to settle a dispute

• Goldman Sachs (NYSE: GS) upgraded Freeport-McMoRan (NYSE: FCX) to "buy" from "neutral," taking the price target from $79 to $94.

• Goldman Sachs (NYSE: GS) downgraded US Steel (NYSE: X) and Nucor (NYSE: NUE) from "buy" to "neutral," dropping the price targets on US Steel from $51 to $45, and on Nucor from $45 to $40

• Societe Generale upgraded Research in Motion (NASDAQ: RIMM) from "sell" to "buy," taking the price target from $51 to $57

• Deutsche Bank (NYSE: DB) downgraded Lubrizol (NYSE: LZ) to "hold" from "buy," with a price target of $110

• Goldman Sachs (NYSE: GS) upgraded Gap (NYSE: GPS) from "sell" to "neutral," with a price target set at $17

• Oppenheimer (NYSE: OPY) upgraded Best Buy (NYSE: BBY) from "perform" to "outperform," taking the price target from $38 to $45

• Wells Fargo (NYSE: WFC) upgraded CarMax (NYSE: KMX) to "outperform," with the price target raised from $24-$26 to $28-$29

• Goldman Sachs (NYSE: GS) upgraded Garmin (NASDAQ: GRMN) from "sell" to "neutral" lifting the price target from $28 to $29