Upgrades and downgrades before the market open:

Market news

17 October 2013

Upgrades and downgrades before the market open:

Upgrades:

Downgrades:

Travelers (TRV) downgraded to Sell from Neutral at Guggenheim

Bank of America (BAC) downgraded from Strong Buy to Outperform at Raymond James

Other:

American Express (AXP) target raised to $82 from $80 at FBR Capital

eBay (EBAY) reiterated with Outperform at RBC Capital Mkts, target lowered from $64 to $59

IBM (IBM) reiterated with Sector Perform at RBC Capital Mkts, target lowered from $205 to $195

Before the bell: S&P futures -0.34%, Nasdaq futures -0.11%

Canada: Foreign Securities Purchases, August 2.08 (forecast 7.21)

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