Downgrades before the market open

Market news

7 January 2020

Downgrades before the market open

Bank of America (BAC) downgraded to Neutral from Buy at UBS; target raised to $36

JPMorgan Chase (JPM) downgraded to Neutral from Buy at UBS; target raised to $138

Chevron (CVX) downgraded to Underperform from Neutral at BofA/Merrill

Initiations before the market open

U.S. trade deficit narrows slightly more than expected in November

Market Focus

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