Upgrades and downgrades before the market open

Market news

21 October 2016

Upgrades and downgrades before the market open

Upgrades:

Microsoft (MSFT) upgraded to Outperform from Market Perform at William Blair

Microsoft (MSFT) upgraded to Buy at Wunderlich; target raised to $70

Downgrades:

Yahoo! (YHOO) downgraded to Hold from Buy at Jefferies

Other:

Apple (AAPL) target raised to $135 from $125 at Cowen

Microsoft (MSFT) target raised to $69 from $62 at BMO Capital Markets

Wal-Mart (WMT) initiated with a Neutral at Piper Jaffray; target $73

Wall Street. Stocks before the bell

The Canadian dollar fell sharply against the US dollar, approaching 13 October low. Pressure on the currency put disappointing data on retail sales and inflation. USD / CAD is trading at 1.3295, with an increase of 0.47%

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