Upgrades and downgrades before the market open

Market news

14 August 2014

Upgrades and downgrades before the market open

Upgrades:

Downgrades:

Freeport-McMoRan Inc (FCX) downgraded to Hold from Buy at Stifel

Other:

Tesla (TSLA) initiated with a Outperform at Credit Suisse, target $325

Ford Motor (F) initiated with a Neutral at Credit Suisse, target $18

General Motors (GM) initiated with a Underperform at Credit Suisse, target $33

Cisco Systems (CSCO) reiterated at Buy at Stifel, target raised from $28 to $30

DOW components before the bell

U.S.: Import Price Index, July -0.2% (forecast -0.2%)

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