Upgrades and downgrades before the market open

Market news

1 March 2016

Upgrades and downgrades before the market open

Upgrades:

Freeport-McMoRan (FCX) upgraded to Neutral from Underperform at BofA/Merrill

Downgrades:

Freeport-McMoRan (FCX) downgraded to Sector Perform from Outperform at Scotiaban

United Tech (UTX) downgraded to Sector Perform from Outperform at RBC Capital Mkts; target raised to $109 from $100

Citigroup (C) downgraded to Neutral from Overweight at Atlantic Equities

Bank of America (BAC) downgraded to Neutral from Overweight at Atlantic Equities

Other:

Option expiries for today's 10:00 ET NY cut

Canada: GDP (YoY), Quarter IV 0.8% (forecast 0%)

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