Upgrades and downgrades before the market open:

Market news

12 October 2012

Upgrades and downgrades before the market open:

Wal-Mart (WMT) upgraded to Buy from Hold at Jefferies
General Electric (GE) was initiated with a Buy at Deutsche Bank

Before the bell: S&P futures +0.16%, Nasdaq futures +0.14%

U.S.: PPI excluding food and energy, Y/Y, September +2.3% (forecast +2.5%)

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