Upgrades and downgrades before the market open

Market news

19 May 2016

Upgrades and downgrades before the market open

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Cisco Systems (CSCO) target raised to $27 from $24 at Wunderlich

Cisco Systems (CSCO) target raised to $33 from $31

Alcoa (AA) initiated with a Neutral at Goldman ; target $9

Freeport-McMoRan (FCX) initiated with a Neutral at Goldman ; target $12

Initial jobless claims fall to 278,000 in the week ending May 14

Canada’s wholesale sales drop 1.0% in March

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