Upgrades and downgrades before the market open

Market news

6 January 2015

Upgrades and downgrades before the market open

Upgrades:

FedEx (FDX) upgraded to Buy from Neutral at UBS, tgt to $190 from $184

Downgrades:

DuPont (DD) downgraded to Neutral from Buy at Citigroup

General Electric (GE) downgraded to Hold from Buy at Deutsche Bank

Other:

McDonald's (MCD) target raised to $93 from $86, maintain Hold at Jefferies

DOW components before the bell

Bank of England’s Credit Conditions Survey: household demand for mortgages fell in Q4 to its lowest level since the third quarter of 2008

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