Upgrades and downgrades before the market open

Market news

15 October 2014

Upgrades and downgrades before the market open

Upgrades:

JPMorgan Chase (JPM) upgraded from Hold to Buy at Argus, target $65

Downgrades:

Intel (INTC) downgraded to Underweight from Equal-Weight at Morgan Stanle

Other:

JPMorgan Chase (JPM) target lowered from $73 to $69 at Oppenheimer

Intel (INTC) target raised from $35 to $36 at FBR Capital

Intel (INTC) target raised from $33 to $34 at Cowen

Intel (INTC) target raised from $34 to $35 at RBC Capital Mkts

DOW components before the bell

U.S.: PPI excluding food and energy, Y/Y, September +1.6% (forecast +1.7%)

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