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Early analyst calls (MOT) (JCP)

Deutsche Bank upgraded department store J.C. Penney (NYSE:JCP) to "buy" from "hold" according to MarketWatch.

Piper Jaffray downgraded Motorola (NYSE:MOT) to "sell" from "neutral", according to Briefing.com. The news service also reports that Lehman raised its price target on First Solar (NASDAQ:FSLR) to $335 from $280.

IBM (NYSE: IBM) was raised to "outperform" at BMO Capital Markets, according to 24/7 Wall St.

Douglas A. McIntyre is an editor at 247wallst.com.

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