Upgrades and downgrades before the market open

Market news

24 July 2014

Upgrades and downgrades before the market open

Upgrades:

PepsiCo (PEP) upgraded from Hold to Buy at Stifel

Verizon (VZ) upgraded from Mkt Perform to Outperform at FBR Capital, target $57

Downgrades:

Boeing (BA) downgraded from Buy to Neutral at BofA/Merrill

Freeport-McMoRan (FCX) downgraded from Buy to Neutral at BofA/Merrill

Other:

Facebook (FB) target raised to $100 from $80 at Topeka Capital Markets

AT&T (T) target lowered to $36 at RBC Capital Mkts

Facebook (FB) target raised to $90 from $79 at Oppenheimer

Facebook (FB) target raised to $90 from $76 at Piper Jaffray

DOW components before the bell

U.S.: Initial Jobless Claims, July 284 (forecast 310)

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