Upgrades:
Microsoft (MSFT) upgraded to Buy from Neutral at BofA/Merrill
McDonald's (MCD) upgraded to Overweight from Neutral at Piper Jaffray; target $130
Apple (AAPL) upgraded to Buy from Hold at Maxim Group
Downgrades:
Other:
Alphabet (GOOG) target raised to $812 from $723 at Piper Jaffray
Alphabet (GOOG) reiterated at Overweight at JP Morgan; target raised to $900 from $800
Alphabet (GOOG) reiterated at Outperform at RBC Capital Mkts; target raised to $880 from $750
Amazon (AMZN) target raised to $800 from $650 at Piper Jaffray
Amazon (AMZN) target raised to $777 from $720 at Credit Suisse
Amazon (AMZN) target raised to $800 from $710 at JPMorgan
Amazon (AMZN) target raised to $720 from $645 at Mizuho
Amazon (AMZN) target raised to $750 from $700 at Stifel
Amazon (AMZN) target raised to to $710 from $630 at Baird
Microsoft (MSFT) target raised to $60 from $53 at FBR Capital
Microsoft (MSFT) reiterated at Outperform at RBC Capital Mkts; target raised to $57 from $54
Apple (AAPL) removed from US Focus List at Citigroup
McDonald's (MCD) reiterated at Outperform at RBC Capital Mkts; target raised to $120 from $110
3M (MMM) reiterated at Underperform at RBC Capital Mkts; target lowered to $138 from $141
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