Upgrades and downgrades before the market open

Market news

19 January 2017

Upgrades and downgrades before the market open

Upgrades:

HP (HPQ) upgraded to Buy from Neutral at UBS

Tesla Motors (TSLA) upgraded to Overweight from Equal Weight at Morgan Stanley; target $305

Downgrades:

Coca-Cola (KO) downgraded to Market Perform from Outperform at Wells Fargo

Exxon Mobil (XOM) downgraded to Sell from Neutral at UBS

Other:

Apple (AAPL) target raised to $140 from $125 at BofA/Merrill

NIKE (NKE) initiated with a Underperform at CLSA

Verizon (VZ) initiated with a Buy at HSBC Securities

Draghi: Will Need Deep, Careful Analysis of Situation When It's Time to Taper

US housing starts and building permits mixed

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