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JP Morgan raises IBM (IBM.N) price target to $291 from $270 and upgrades rating to Overweight from Neutral.

China's Ministry of Transport held a safety-committee plenary and a Q3 transport safety video conference, ordering accelerated dynamic elimination of major hazards and stepped-up proactive defenses for the flood/typhoon season. Measures to be implemented include heavy-rain protocols of response, patrol and control; targeted controls in high-risk areas during prolonged rain; enforcement of flood-season safety responsibilities for key ordinary highways; inland-river navigation restrictions and bans; maritime typhoon precautions for vessels; and port flood- and typhoon-contingency measures. The ministry also called for intensified supervision of high-risk sectors, boosting major-risk controls and tighter summer oversight of hazardous-goods transport, peak-season passenger tourism and construction-site safety.