Upgrades and downgrades before the market open

Market news

5 December 2016

Upgrades and downgrades before the market open

Upgrades:

Visa (V) upgraded to Buy from Neutral at Guggenheim

McDonald's (MCD) upgraded to Buy from Neutral at Nomura

NIKE (NKE) upgraded to Buy from Hold at HSBC Securities

Downgrades:

Alcoa (AA) downgraded to Neutral from Buy at Citigroup

Other:

Caterpillar (CAT) target raised to $89 from $78 at JP Morgan; Neutral

Hewlett Packard Enterprise (HPE) target raised to $25 from $22 at Maxim Group

Option expiries for today's 10:00 ET NY cut

1 year+ low and 3 weeks high for EUR/USD in the same day. 225 pips the trading range so far

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