Upgrades and downgrades before the market open:

Market news

17 July 2013

Upgrades and downgrades before the market open:

Upgrades:

Downgrades:

American Express (AXP) downgraded from Buy to Neutral at Buckingham Research

Other:

Apple (AAPL) reiterated with Buy at Argus, target lowered from $600 to $540

Goldman Sachs (GS) reiterated with Outperform at FBR Capital, target raised from $165 to $184

Before the bell: S&P futures +0.24%, Nasdaq futures +0.23%

Swiss economic sentiment improves in July: ZEW

Market Focus

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