Benzinga's Top Upgrades, Downgrades For December 30, 2016

Top Upgrades

• Analysts at Morgan Stanley upgraded Cempra Inc CEMP from Underweight to Equal-Weight. The price target for Cempra has been lowered from $5 to $3. Cempra shares gained 3.85 percent to $2.70 in pre-market trading.
• Deutsche Bank upgraded China Lodging Group, Ltd (ADR) HTHT from Hold to Buy. The price target for China Lodging has been raised from $35 to $60. China Lodging shares rose 2.33 percent to close at $48.79 on Thursday.

Top Downgrades

• Janney Capital downgraded Innocoll Holdings PLC INNL from Buy to Neutral. Innocoll shares fell 49.2 percent to $0.90 in pre-market trading.
• JMP Securities downgraded Innocoll Holdings PLC INNL from Market Outperform to Market Perform. Innocoll shares fell 49.2 percent to $0.90 in pre-market trading.

Top Initiations

• Analysts at BTIG initiated coverage on Syndax Pharmaceuticals Inc SNDX with a Buy rating. The price target for Syndax Pharmaceuticals is set to $25. Syndax Pharmaceuticals shares fell 3.49 percent to close at $6.91 on Thursday.
• Analysts at Credit Suisse initiated coverage on Yandex NV YNDX with an Outperform rating. The price target for Yandex is set to $26. Yandex shares rose 0.64 percent to $20.48 in pre-market trading.