Upgrades and downgrades before the market open

Market news

25 August 2015

Upgrades and downgrades before the market open

Upgrades:

Bank of America (BAC) upgraded to Neutral from Underperform at Macquarie

Apple (AAPL) upgraded to Outperform from Market Perform at Wells Fargo

JPMorgan Chase (JPM) upgraded to Buy from Outperform at Credit Agricole, target $78

Downgrades:

Other:

U.S.: S&P/Case-Shiller Home Price Indices, y/y, June 5.0% (forecast 5.1%)

The People's Bank of China (PBoC) lowers its interest rates

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