UPGRADES
Facebook (FB) upgraded to Buy from Hold at Stifel. Price target $29
AT&T (T) upgraded to Buy from Hold at Argus. Price target $42
IMAX (IMAX) upgraded to Buy from Neutral at B. Riley. Price target $37
Monsanto (MON) upgraded to Outperform from Neutral at Macquarie. Price target $117
Weyerhaeuser (WY) upgraded to Outperform from Sector Perform at RBC Capital
Standard Pacific (SPF) upgraded to Neutral from Underweight at JPMorgan. Price target $10.50
EQT Corporation (EQT) upgraded to Buy from Hold at Brean Capital. Price target $97
Western Union (WU) upgraded to Outperform from Market Perform at Raymond James
Nomura (NMR) upgraded to Buy from Hold at Deutsche Bank
DOWNGRADES
Moody’s (MCO) downgraded to Neutral from Buy at Lazard Capital.
Bank of Ireland (IRE) downgraded to Sell from Neutral at Goldman.
Morgan Stanley (MS) downgraded to Perform from Outperform at Oppenheime
HEADLINES
Google (GOOG) has reportedly agreed to buy Israeli mobile traffic app company Waze for $1.3B. Waze has drawn the interest of several heavy hitters in the tech sector, but GOOG now appears to have won the bidding war.
Apple (AAPL) will hold its annual developers conference this week. The Cupertino-based company is expected to introduce its revamped iOS operating system, an update to its Mac OS, an Internet-radio service and new laptops. The new iOS will be the first release under Jonathan Ive, Apple’s hardware design guru. The internet radio service comes after several unsuccessful cloud offerings.
Microsoft (MSFT) and Sony (SNE) are expected to share details about their new flagship gaming consoles at the Electronic Entertainment Expo, which takes place today in Los Angeles.
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