Upgrades and downgrades before the market open:

Market news

18 September 2013

Upgrades and downgrades before the market open:

Upgrades:

Downgrades:

Procter & Gamble (PG) downgraded to Equal Weight from Overweight at Barclays

Caterpillar (CAT) downgraded to Neutral from Outperform at Robert W. Baird

Other:

AT&T (T) initiated at Outperform at Credit Suisse

Verizon (VZ) initiated at Neutral at Credit Suisse

U.S. Stocks open: Dow 15,510.33 -19.40 -0.12%, Nasdaq 3,752.31 +6.61 +0.18%, S&P 1,705.10 +0.34 +0.02%

U.S.: Housing Starts, mln, August 0.891 (forecast 0.923)

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