Upgrades and downgrades before the market open

Market news

18 July 2016

Upgrades and downgrades before the market open

Upgrades:

Downgrades:

Merck (MRK) downgraded to Market Perform from Outperform at BMO Capital; target $62

Other:

Intel (INTC) target raised to $36 from $34 at RBC Capital Mkts
Intel (INTC) target raised to $40 from $38 at Canaccord Genuity
Yandex N.V. (YNDX) initiated with a Buy at HSBC Securities

Wall Street. Stocks before the bell

Foreign investment in Canadian bonds totalled $17.3 billion in May

Market Focus

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