Upgrades and downgrades before the market open

Market news

26 October 2016

Upgrades and downgrades before the market open

Upgrades:

Downgrades:

Apple (AAPL) downgraded to Hold from Buy at Stifel; target lowered to $115 from $130

General Motors (GM) downgraded to Neutral from Buy at BofA/Merrill

AT&T (T) downgraded to Equal Weight from Overweight at Barclays

Other:

3M (MMM) target lowered to $155 from $159 at RBC Capital Mkts

Apple (AAPL) reiterated with a Buy rating and price target of $130 at Mizuho

Wall Street. Stocks before the bell

US goods trade balance deficit improves but inventories increased

Market Focus

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