Upgrades and downgrades before the market open:

Market news

17 October 2012

Upgrades and downgrades before the market open:

Cantor Fitzgerald downgrades CSCO to Hold from Buy and lowers their tgt to $19.50 from $20.50
FBR Capital raises their GS tgt to $145 from $130
Societe Generale downgrades IBM from Hold to Sell

Before the bell: S&P futures +0.21%, Nasdaq futures -0.19%

U.S.: Building Permits, mln, September 0.894 (forecast 0.810)

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