• Upgrades and downgrades before the market open

Market news

11 December 2014

Upgrades and downgrades before the market open

Upgrades:

JPMorgan Chase (JPM) upgraded to Outperform from Underperform at Credit Agricole


Downgrades:

Travelers (TRV) downgraded to Neutral from Buy at UBS


Other:

Procter & Gamble (PG) initiated with a Mkt Perform at Raymond James

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