Upgrades and downgrades before the market open:

Market news

15 November 2012

Upgrades and downgrades before the market open:

AT&T (T) was initiated at Neutral by National Securities
Verizon (VZ) was initiated at Buy by National Securities, tgt $50
Hewlett-Packard (HPQ) was reiterated at Neutral by Mizuho, target was lovered to $17 from $15

FED'S LACKER: LACKER: FUNDMENTAL PROSPECTS FOR L-T GRWTH REMAIN QUITE STRONG

Option expiries for today's 1400GMT cut:

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