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Upgrades and downgrades before the market open
Upgrades:
Downgrades:
Exxon Mobil (XOM) downgraded to Market Perform from Outperform at Wells Fargo
AT&T (T) downgraded to Hold from Buy at Deutsche Bank
Bank of America (BAC) downgraded to Neutral at UBS
Citigroup (C) downgraded to Sell at UBS
Other:
JPMorgan Chase (JPM) initiated with a Buy at UBS
Microsoft (MSFT) initiated with an Outperform at Wells Fargo
Goldman Sachs (GS) target raised to $225 from $200 at Citigroup; Sell
Bank of America (BAC) target raised to $26 from $19 at Citigroup
Alphabet A (GOOGL) target lowered to $1100 from $1120 at Credit Suisse
Amazon (AMZN) target lowered to $950 from $1000 at Credit Suisse
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