Top Upgrades/Downgrades and Company News (Jan. 7, 2011)

Citigroup (NYSE:C) is reportedly looking for a buyer for its CitiFinancial Unit for as much as $1 billion
Goldman Sachs (NYSE:GS) has added Diamond Offshore (NYSE:DO) to its Conviction Buy List, upgrading the shares from a “selling” rating previously held, with a target price of $85
Morgan Stanley (NYSE:MS) has downgraded Kohl’s (NYSE:KSS) from “overweight” to “equalweight”
JP Morgan (NYSE:JPM) upgraded Tyco International (NYSE:TYC) from “neutral” to “overweight” rating with a price target $50
JP Morgan (NYSE:JPM) has upgraded 3M (NYSE:MMM) from “underweight” to “neutral” with a target price of $95
Goldman Sachs (NYSE:GS) has removed Lorillard (NYSE:LO) from its Conviction Buy List, but maintained a “buy” rating, with a target price $100
Deutsche Bank (NYSE:DB) downgraded CME Group (NYSE:CME) from “buy” to “hold” rating with a target price of $320