* UBS raises HudBay Minerals Inc to buy from neutral
* UBS raises Katanga Mining Ltd to buy from neutral
* UBS cuts Equinox Minerals Ltd price target to C$4.4 from C$4.5
* UBS cuts First Quantum Minerals Ltd price target to C$93 from C$95
* UBS cuts Freeport McMoRan-price target to $84 from $88
* UBS cuts Grande Cache Coal Corp price target to C$7.5 from C$8.9
* UBS cuts Noranda Aluminum Holding Corp price target to $10.75 from
$11.5
* UBS cuts Alcoa Inc price target to $12 from $12.85
* UBS cuts Quadra FNX Mining Ltd price target to C$17.5 from C$18.5
* UBS cuts Teck Resources price target to C$44 from C$47
* UBS cuts Thompson Creek Metals Co Inc price target to C$12 from C$13
* UBS cuts Uranium One Inc price target to C$3.35 from C$3.6
* UBS cuts Western Coal Corp price target to C$5.9 from C$6.75
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