Upgrades and downgrades before the market open

Market news

25 January 2017

Upgrades and downgrades before the market open

Upgrades:

Intl Paper (IP) upgraded to an Outperform from Market Perform at BMO Capital

Alcoa (AA) upgraded to Hold from Sell at Deutsche Bank

Alcoa (AA) upgraded to Buy from Neutral at Citigroup

Downgrades:

Verizon (VZ) downgraded to Mkt Perform from Outperform at Raymond James

Verizon (VZ) downgraded to Sector Perform at RBC Capital Mkts; target lowered to $51

Verizon (VZ) downgraded to Mkt Perform from Outperform at FBR & Co; target $52

Other:

3M (MMM) target raised to $190 from $187 at Stifel

Johnson & Johnson (JNJ) target lowered to $128 from $133 at RBC Capital Mkts

Wal-Mart (WMT) initiated with a Market Perform at Wells Fargo

Wall Street. Stocks before the bell

Company News: Alcoa (AA) posts mixed Q4 results

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