Upgrades and downgrades before the market open

Market news

25 September 2015

Upgrades and downgrades before the market open

Upgrades:

NIKE (NKE) upgraded to Buy from Neutral at Sterne Agee CRT

3M (MMM) upgraded to Outperform from Neutral at Credit Suisse

Intel (INTC) upgraded to Mkt Perform from Mkt Underperform at JMP Securities

Downgrades:

Caterpillar (CAT) downgraded to Market Perform at William Blair

Other:

Caterpillar (CAT) target lowered to $70 from $84 at RBC Capital Mkts

Caterpillar (CAT) initiated with an Equal Weight at Barclays

Deer & Company (DE) initiated with an Underweight at Barclays

NIKE (NKE) target raised to $120 from $109 at FBR Capital

Coca-Cola (KO) reinstated with a Buy at Deutsche Bank

Freeport-McMoRan (FCX) target lowered to $14 from $16 at RBC Capital Mkts

Wall Street. Stocks before the bell

U.S. final GDP jumps 3.9% in the second quarter

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