Upgrades and downgrades before the market open:

Market news

16 May 2013

Upgrades and downgrades before the market open:

Upgrades:

Downgrades:

Other:

Apple (AAPL) initiated at Neutral at Susquehanna

eBay (EBAY) initiated at Buy at Lazard

Amazon.com (AMZN) initiated at Buy at Lazard

Cisco Systems (CSCO) reiterated at Outperform at Oppenheimer, target raised from $24 to $27

Cisco Systems (CSCO) reiterated at Buy at Wunderlich, target raised from $24 to $26

Before the bell: S&P futures -0.11%, Nasdaq futures +0.17%

U.S.: CPI excluding food and energy, Y/Y, April +1.7% (forecast +1.8%)

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