Upgrades and downgrades before the market open

Market news

29 September 2014

Upgrades and downgrades before the market open

Upgrades:

FedEx (FDX) upgraded to Outperform from Market Perform at Cowen, target raised to $210 from $155

Facebook (FB) target raised to $93 from $80 at Needham

Yahoo! (YHOO) upgraded to Buy from Hold at Needham, target $48

Downgrades:

Other:

Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse, target raised to $100 from $80

Deere (DE) target lowered to $95 from $98 at Credit Suisse

DOW components before the bell

U.S.: PCE price index ex food, energy, Y/Y, August +1.5% (forecast +1.4%)

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