• Upgrades and downgrades before the market open

Market news

4 January 2017

Upgrades and downgrades before the market open

Upgrades:

Chevron (CVX) upgraded to Buy from Neutral at BofA/Merrill

Altria (MO) upgraded to Buy from Neutral at BofA/Merrill


Downgrades:


Other:

UnitedHealth (UNH) initiated with an Overweight at Piper Jaffray

McDonald's (MCD) target lowered to $137 from $139 at Instinet

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