Upgrades and downgrades before the market open:

Market news

22 April 2013

Upgrades and downgrades before the market open:

Upgrades:

Apple (AAPL) upgraded to Buy from Hold at BGC Partners

Apple (AAPL) upgraded to Outperform from Market Perform at Avondale

Downgrades:

McDonald's (MCD) downgraded from Buy to Outperform at Credit Agricole

General Electric (GE) downgraded to Neutral from Overweight at JP Morgan

Verizon (VZ) downgraded to Neutral from Outperform at Macquarie

Other:

Before the bell: S&P futures +0.31%, Nasdaq futures +0.40%

European session: the major currencies in a narrow range

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