Following Wednesday's sell-off after the Fed signaled a possible tapering later this year, the downbeat Chinese manufacturing data further weighed on markets.
Investors remain jittery as they await the central bank's policy decision and Chairman Bernanke's press conference.
F5 Networks is downgraded to 'equal weight,' and LinkedIn is initiated with an 'outperform.'
General Motors is upgraded to 'buy,' and Pandora is initiated with a 'sell.'
Yahoo is upgraded to 'outperform,' and Burger King is downgraded to 'underperform.'
The averages remain in a narrow trading range, as investors await movement in the ongoing fiscal cliff negotiations.
Halliburton is upgraded to 'outperform,' and Diamond Foods is downgraded to 'underperform.'
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