Upgrades and downgrades before the market open:

Market news

14 January 2013

Upgrades and downgrades before the market open:

Upgrades:
Hewlett-Packard (HPQ) upgraded at JP Morgan from Underweight to Neutral
Facebook (FB) upgraded at Deutsche Bank from Hold to Buy
Cisco Systems (CSCO) upgraded at Robert W. Baird from Neutral to Outperform, target raised from $21 to $25

Downgrades:
American Express (AXP) downgraded at Goldman from Buy to Neutral
IBM (IBM) downgraded at JP Morgan from Overweight to Neutral

Other:
Facebook (FB) reiterated at Oppenheimer on Outperform, target raised from $27 to $34

Before the bell: S&P futures -0.09%, Nasdaq futures -0.51%

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