Story StocksIBM ( IBM): Shares are up following the company's earnings results in which they raised guidance also. Google ( GOOG): Stock is down after Google reported second-quarter profits. General Electric ( GE): Stock is down after second-quarter profits fall. Bank of America ( BAC): Stock is down slightly after reporting results. BB&T ( BBT): Bank play is slightly lower after posting second-quarter results. Mattel ( MAT): Toymaker shares are up on profit gains resulting from cost cuts. Citigroup ( C): Stock is up slightly on earnings beat. Callaway Golf ( ELY): Stock is lower after company warns on second-quarter revenues.
Upgrades to WatchIntercontinental Exchange ( ICE): JMP Securities starts stock coverage with an outperform rating. Johnson Controls ( JCI): Barclays Capital raises target price to $24. Home Depot ( HD): Barclays Capital raises price target to $27. Baxter International ( BAX): Morgan Stanley ( MS) raises estimates. $65 price target. CME Group ( CME): JMP Securities initiates stock with an outperform; $335 price target. JP Morgan ( JPM): Barclays Capital and UBS ( UBS) both raise estimates; $46 and $39 price targets. Ford ( F): Credit Suisse ( CS) raises target price to $8. Darden Restaurants ( DRI): Jefferies ( JEF) starts stock with a buy rating. $40 price target. Novartis ( NVS): JPMorgan Chase ( JPM) raises stock to an overweight. Adobe Systems ( ADBE): Oppenheimer raises target price to $34. Franklin Resources ( BEN): Pali Research initiates stock with a buy rating; $87 price target. PPG Industries ( PPG): Credit Suisse raises target price to $46.