Upgrades and downgrades before the market open

Market news

12 January 2017

Upgrades and downgrades before the market open

Upgrades:

Merck (MRK) upgraded to Buy from Neutral at Guggenheim

Merck (MRK) upgraded to Overweight from Neutral at Piper Jaffray

Merck (MRK) upgraded to Overweight from Equal-Weight at Morgan Stanley

Downgrades:

Walt Disney (DIS) downgraded to Sell form Hold at Pivotal Research

Twitter (TWTR) downgraded to Hold from Buy at Pivotal Research

Other:

Boeing (BA) initiated with an Underperform at RBC Capital Mkts; target $136

United Tech (UTX) initiated with a Sector Perform at RBC Capital Mkts

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