Upgrades and downgrades before the market open

Market news

15 May 2014

Upgrades and downgrades before the market open

Upgrades:

Twitter (TWTR) upgraded to Neutral from Underweight at Atlantic Equities

Downgrades:

Other:

Cisco Systems (CSCO) target raised to $26 from $24 at Piper Jaffray; reiterated at Overweight

Cisco Systems (CSCO) target raised to $23 from $19 at FBR Capital; reiterated at Mkt Perform

Cisco Systems (CSCO) target raised to $24 from $23 at RBC Capital Mkts; reiterated at Outperform

Cisco Systems (CSCO) target raised to $27 from $25 at Oppenheimer; reiterated at Outperform

DOW components before the bell

U.S.: Total Net TIC Flows, March -126.1

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