Upgrades and downgrades before the market open

Market news

8 December 2014

Upgrades and downgrades before the market open

Upgrades:

eBay (EBAY) upgraded to Buy from Hold at Stifel

United Tech (UTX) upgraded to Outperform from Mkt Perform at Bernstein

Downgrades:

Yandex (YNDX) downgraded to Neutral from Buy at UBS

Nike (NKE) downgraded to Market Perform from Outperform at Telsey Advisory Group

Other:

Home Depot (HD) target raised to $110 from $105 at Argus

Apple (AAPL) target raised to $135 from $120 at Citigroup

Johnson & Johnson (JNJ) target raised to $114 from $110 at RBC Capital Mkts

McDonald's (MCD) resumed at Neutral at Goldman, target $90

Starbucks (SBUX) resumed at Buy at Goldman, target $95

DOW components before the bell

Building permits in Canada rose 0.7% in October

Market Focus

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