• Upgrades and downgrades before the market open

Market news

21 July 2014

Upgrades and downgrades before the market open

Upgrades:

Apple (AAPL) upgraded to Mkt Outperform from Mkt Perform at JMP Securities

Starbucks (SBUX) upgraded to Buy at Belus Capital Advisors

JPMorgan Chase (JPM) upgraded to Outperform at FBR Capital; target raised to $70 from $55


Downgrades:

Coca-Cola (KO) downgraded to Hold from Buy at Societe Generale


Other:

Apple (AAPL) target raised to $115 from $100 at UBS

Cisco Systems (CSCO) target raised to $28 from $24 at RBC Capital Mkts


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