Upgrades and downgrades before the market open:

Market news

11 September 2013

Upgrades and downgrades before the market open:

Upgrades:

Downgrades:

Procter & Gamble (PG) downgraded to Neutral from Buy at Sun Trust Rbsn Humphrey

Apple (AAPL) downgraded to Neutral from Buy at UBS

Apple (AAPL) downgraded to Neutral from Buy at BofA/Merrill

Apple (AAPL) downgraded to Neutral from Outperform at Credit Suisse

Other:

Procter & Gamble (PG) initiated with a Underperform at BNP Paribas, target $74

Apple (AAPL) target raised to $570 from $500 at Lazard

Apple (AAPL) target raised to $525 from $500 at FBR

Apple (AAPL) reiterated at Outperform at Oppenheimer, targte raised from $460 to $540

Before the bell: S&P futures -0.07%, Nasdaq futures -0.38%

European session: the pound rose

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