• Upgrades and downgrades before the market open

Market news

29 November 2016

Upgrades and downgrades before the market open

Upgrades:

Pfizer (PFE) upgraded to Overweight from Equal Weight at Barclays


Downgrades:

Goldman Sachs (GS) downgraded to Neutral from Buy at Nomura

Johnson & Johnson (JNJ) downgraded to Equal Weight from Overweight at Barclays


Other:

McDonald's (MCD) removed from US Focus List at Credit Suisse; holds Outperform, target $128

Altria (MO) resumed with a Equal-Weight at Morgan Stanley; target $65

Market Focus
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