Upgrades and downgrades before the market open

Market news

2 July 2015

Upgrades and downgrades before the market open

Upgrades:

AT&T (T) upgraded to Outperform from Market Perform at Cowen

Downgrades:

Other:

Tesla Motors (TSLA) reiterated at an Underperform at BofA/Merrill, target raised to $180 from $65

Starbucks (SBUX) reiterated at Buy at Argus, target raised to $64 from $59

DuPont (DD) reiterated at Sector Perform at RBC Capital Mkts, target lowered from $69 to $64

Verizon (VZ) initiated at Neutral at Buckingham Research, target $51

AT&T (T) initiated at Buy at Buckingham Research, target $41

U.S. unemployment rate drops to 5.3% in June, 223,000 jobs are added

Initial jobless claims climb by 10,000 to 281,000 in the week ending June 27

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