Upgrades and downgrades before the market open

Market news

2 June 2016

Upgrades and downgrades before the market open

Upgrades:

Downgrades:

Exxon Mobil (XOM) downgraded to Neutral from Buy at BofA/Merrill

Other:

Home Depot (HD) initiated with a Buy at BTIG Research

FedEx (FDX) target raised to $178 from $174 at Stifel

Amazon (AMZN) target raised to $820 from $770 at Evercore ISI

European Central Bank keeps its interest rate unchanged at 0.00% in June

Initial jobless claims fall to 267,000 in the week ending May 28

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