Upgrades and downgrades before the market open

Market news

26 January 2017

Upgrades and downgrades before the market open

Upgrades:

Intl Paper (IP) upgraded to Buy from Neutral at Citigroup

Downgrades:

United Tech (UTX) downgraded to a Hold from Buy at Argus

Johnson & Johnson (JNJ) downgraded to Market Perform from Outperform at Wells Fargo

Other:

AT&T (T) target raised to $42 from $39 at RBC Capital Mkts; Sector Perform

AT&T (T) target raised to $44 from $42 at FBR & Co.; Market Perform

Wall Street. Stocks before the bell

The international trade deficit of US was $65.0 billion in December

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