Upgrades and downgrades before the market open

Market news

9 August 2016

Upgrades and downgrades before the market open

Upgrades:

Chevron (CVX) upgraded to Overweight from Neutral at Piper Jaffray; target raised to $117

Downgrades:

Other:

Volkswagen AG (VOW3) initiated with an Underperform at Jefferies

General Motors (GM) initiated with a Hold at Jefferies; target $33

General Motors (GM) initiated with Buy ratings at Seaport Global Securities

Ford Motor (F) initiated with a Underperform at Jefferies; target $10

Barrick Gold (ABX) initiated with an Equal Weight at Morgan Stanley

Wall Street. Stocks before the bell

U.S.: Unit Labor Costs, q/q, Quarter II 2% (forecast 1.8%)

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