UPDATE: JP Morgan Upgrades Canon to Neutral on Positive Trend Shifts
November 19, 2012 at 14:17 PM EST
JP Morgan raised its rating on Canon (NYSE: CAJ ) from Underweight to Neutral. JP Morgan noted, "Over the past few days three key developments have shifted trends in Canon's favor: management announced a special dividend to commemorate the company's 75th anniversary, yen appreciation appears to have