Upgrades and downgrades before the market open:

Market news

3 September 2013

Upgrades and downgrades before the market open:

Upgrades:

Verizon (VZ) upgraded to Outperform from Sector Perform at RBC Capital Mkts

Downgrades:

Coca-Cola (KO) downgraded from Outperform to Underperform at Credit Agricole

Other:

Verizon (VZ) reiterated at Outperform at Oppenheimer, target raised from $55 to $56

Before the bell: S&P futures +0.90%, Nasdaq futures +0.80%

U.S.: Manufacturing PMI, August 53.1 (forecast 53.9)

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