Upgrades and downgrades before the market open

Market news

12 December 2014

Upgrades and downgrades before the market open

Upgrades:

Downgrades:

Other:

Hewlett-Packard (HPQ) reinstated with a Buy at BofA/Merrill; tgt $47

Nike (NKE) target raised to $110 from $100 at Stifel

Microsoft (MSFT) initiated at Overweight at Piper Jaffray, target $54

Microsoft (MSFT) reiterated at Outperform at FBR Capital, target raised from $53 to $57

U.S. producer price index dropped 0.2% in November

Option expiries for today's 10:00 ET NY cut

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