U.S. Markets open in 3 hrs 48 mins

Freescale downgraded to Market Perform from Outperform at Bernstein

Bernstein downgraded Freescale (FSL) citing valuation and prefers names exposed to a secular recovery such as Qualcomm (QCOM) and Broadcom (BRCM). Freescale price target raised to $18 from $16.