UPDATE: J.P. Morgan Upgrades BRF Brasil Foods to Neutral Ahead of 1Q13 Earnings

In a report published Monday, J.P. Morgan analyst Alan Alanis upgraded the rating on BRF Brasil Foods (NYSE: BRFS ) from Underweight to Neutral, and raised the price target from $21.00 to $23.00. In the report, Alanis noted, “This may be a good time for investors with a 6-12 month