Upgrades:
Downgrades:
Procter & Gamble (PG) downgraded to Equal Weight from Overweight at Barclays
Caterpillar (CAT) downgraded to Neutral from Outperform at Robert W. Baird
Other:
AT&T (T) initiated at Outperform at Credit Suisse
Verizon (VZ) initiated at Neutral at Credit Suisse