Upgrades and downgrades before the market open

Market news

16 May 2016

Upgrades and downgrades before the market open

Upgrades:

Downgrades:

Bank of America (BAC) downgraded to Mkt Perform from Outperform at Keefe Bruyette

Other:

Microsoft (MSFT) initiated with a Hold at Canaccord Genuity

Freeport-McMoRan (FCX) target raised to $15 from $10 at Cowen

Wall Street. Stocks before the bell

U.S.: NY Fed Empire State manufacturing index , May -9.02 (forecast 7.25)

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