Upgrades and downgrades before the market open

Market news

5 April 2016

Upgrades and downgrades before the market open

Upgrades:

Downgrades:

Cisco Systems (CSCO) downgraded to Neutral from Buy at BofA/Merrill; target raised to $30 from $27

Other:

Verizon (VZ) initiated with Neutral ratings at Macquarie

AT&T (T) initiated with an Outperform at Macquarie

McDonald's (MCD) initiated with a Hold at Evercore ISI

Starbucks (SBUX) initiated with a Buy at Evercore ISI

Tesla Motors (TSLA) target raised to $280 from $240 at Credit Suisse

U.S. trade deficit widens to $47.06 billion in February

Canada's trade deficit widens to C$1.91 billion in February

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