Upgrades and downgrades before the market open

Market news

19 December 2016

Upgrades and downgrades before the market open

Upgrades:

United Tech (UTX) upgraded to Outperform from Neutral at Credit Suisse

Downgrades:

Merck (MRK) downgraded to Underperform from Hold at Jefferies

Deutsche Bank (DB) downgraded to Sell from Neutral at Citigroup

Other:

Walt Disney (DIS) added to US 1 List at BofA/Merrill

Apple (AAPL) will appeal against the requirement of the European Commission to repay $ 14 billion in taxes

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

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