• Upgrades and downgrades before the market open

Market news

13 October 2016

Upgrades and downgrades before the market open

Upgrades:

Merck (MRK) upgraded to Buy from Neutral at BofA/Merrill


Downgrades:

Pfizer (PFE) downgraded to Hold from Buy at Jefferies


Other:

Alcoa (AA) target raised to $30 from $10 at Cowen


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