Upgrades and downgrades before the market open:

Market news

4 September 2013

Upgrades and downgrades before the market open:

Upgrades:

Verizon (VZ) upgraded to Outperform at Robert W. Baird; target raised to $53 from $52.

Downgrades:

Microsoft (MSFT) downgraded from Overweight to Equal-Weight at Morgan Stanley.

Other:

Microsoft (MSFT) reiterated at Market Perform at BMO Capital Markets, target lowered from $37 to $35.

U.S. Stocks open: Dow 14,825.96 -8.00 -0.05%, Nasdaq 3,618.47 +5.86 +0.16%, S&P 1,639.86 +0.09 +0.01%

Canada: Trade balance, billions, July -0.9 (forecast -0.4)

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