IBM downgraded, H-P upgraded at J.P. Morgan

NEW YORK (MarketWatch)
Analysts at J.P. Morgan Chase & Co. on Monday upgraded Hewlett-Packard Co. to neutral from underweight and raised Fusion-io Inc. to overweight from neutral
"With HP, our view is that the headline news just cannot get much worse," the analysts wrote in a note 
"As for Fusion-io, our research points to Fusion-io continuing to hold the pole position in server-side data acceleration technology."
The J.P. Morgan analysts also downgraded IBM to neutral from overweight, saying they were concerned that "investors could become less interested in the stock, given the company's limited upside potential and muted revenue growth profile at a time when broader tech end markets could be bottoming."
J.P. Morgan also downgraded EMC Corp.to neutral from overweight