Analysts' Upgrades, Downgrades: GM

Stock quotes in this article: GM , ACN , DCP , AMAT , MUR , RHT , KLAC  

General Motors (GM Quote) target cut at Credit Suisse to $2 from $5. Says outlook for existing equity is uncertain and balance sheet restructuring needs to be sorted out. Maintained Neutral rating.

STRATEGY CALLS / MARKET CALLS

Citigroup changes ratings on two chip-equipment stocks. Applied Materials (AMAT Quote) was upgraded from Hold to Buy. On the other hand, KLA-Tencor (KLAC Quote) was downgraded from Buy to Hold, as the stock is more defensive.
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