Upgrades and downgrades before the market open

Market news

15 October 2015

Upgrades and downgrades before the market open

Upgrades:

Facebook (FB) upgraded to Buy from Hold at Argus

Downgrades:

Wal-Mart (WMT) downgraded to Neutral from Outperform at Credit Suisse; target lowered to $62 from $85

Other:

Hewlett-Packard (HPQ) initiated with an Underweight at Barclays

IBM (IBM) initiated with an Underweight at Barclays

Apple (AAPL) initiated with an Overweight at Barclays

Cisco Systems (CSCO) initiated with an Overweight at Barclays

NIKE (NKE) target raised to $126 from $120 at FBR Capital

Deere (DE) initiated with a Market Outperform at Avondale; target $90

Wall Street. Stocks before the bell

Initial jobless claims decrease by 7,000 to 255,000 in the week ending October 10

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