Benzinga's Top Upgrades, Downgrades For August 4, 2017

Top Upgrades

• Wells Fargo upgraded Kennametal Inc. KMT from Market Perform to Outperform. Kennametal shares fell 5.14 percent to close at $35.47 on Thursday.
• JP Morgan upgraded 3D Systems Corporation DDD from Underweight to Neutral. 3D Systems shares rose 1.57 percent to $13.60 in pre-market trading.
• Analysts at Bank of America upgraded Activision Blizzard, Inc. ATVI from Neutral to Buy. Activision shares fell 1.67 percent to $62.90 in pre-market trading.
• Analysts at William Blair upgraded Arista Networks Inc ANET from Market Perform to Outperform. Arista shares gained 14.89 percent to $165.50 in pre-market trading.
• JP Morgan upgraded Kellogg Company K from Neutral to Overweight. Kellogg shares gained 0.90 percent to $70.99 in pre-market trading.
• Analysts at Raymond James upgraded GoPro Inc GPRO from Underperform to Market Perform. GoPro shares gained 17.2 percent to $9.68 in pre-market trading.
• Analysts at Loop Capital upgraded Cognizant Technology Solutions Corp CTSH from Hold to Buy. Cognizant shares rose 2.09 percent to close at $69.95 on Thursday.
• Baird upgraded Boot Barn Holdings Inc BOOT from Neutral to Outperform. Boot Barn shares fell 6.56 percent to close at $8.55 on Thursday.
• Craig-Hallum upgraded Synaptics, Incorporated SYNA from Hold to Buy. Synaptics shares fell 11.22 percent to $44.87 in pre-market trading.
• Jefferies upgraded EZCORP Inc EZPW from Hold to Buy. EZCORP shares rose 4.76 percent to $8.80 in pre-market trading.

Top Downgrades

• Morgan Stanley downgraded Electronics For Imaging, Inc. EFII from Equal-Weight to Underweight. Electronics for Imaging shares fell 34.96 percent to $31.00 in pre-market trading.
• Nomura downgraded Ford Motor Company F from Buy to Neutral. Ford shares fell 0.09 percent to $10.92 in pre-market trading.
• Analysts at Cowen & Co. downgraded Teva Pharmaceutical Industries Ltd (ADR) TEVA from Outperform to Market Perform. Teva shares fell 2.61 percent to $23.13 in pre-market trading.
• Deutsche Bank downgraded Avon Products, Inc. AVP from Buy to Hold. Avon shares fell 0.33 percent to $2.99 in pre-market trading.
• Susquehanna downgraded TreeHouse Foods Inc. THS from Positive to Neutral. Treehouse shares fell 11.98 percent to close at $74.16 on Thursday.
• Analysts at Barclays downgraded Commscope Holding Company Inc COMM from Overweight to Equal-Weight. CommScope shares fell 9.73 percent to close at $33.545 4 on Thursday.
• Ladenburg Thalmann downgraded CombiMatrix Corp CBMX from Buy to Neutral. CombiMatrix shares fell 0.68 percent to $7.30 in pre-market trading.
• Atlantic Equities downgraded Viacom, Inc. VIAB from Neutral to Underweight. Viacom shares declined 9.38 percent to $31.78 in pre-market trading.
• Compass Point downgraded Global Payments Inc GPN from Buy to Neutral. Global Payments shares fell 0.27 percent to close at $95.15 on Thursday.
• DA Davidson downgraded Fluor Corporation (NEW) FLR from Buy to Neutral. Fluor shares dropped 10.21 percent to $39.38 in pre-market trading.

Top Initiations

• Analysts at Roth Capital initiated coverage on Amtech Systems, Inc. ASYS with a Buy rating. The price target for Amtech is set to $12. Amtech shares closed at $8.22 on Thursday.
• Oppenheimer initiated coverage on Global Blood Therapeutics Inc GBT with an Outperform rating. The price target for Global Blood Therapeutics is set to $53. Global Blood Therapeutics shares closed at $27.20 on Thursday.
• JP Morgan initiated coverage on Avis Budget Group Inc. CAR with an Overweight rating. The price target for Avis Budget is set to $39. Avis Budget shares closed at $30.91 on Thursday.
• Wedbush initiated coverage of International Business Machines Corp. IBM with a Neutral rating. The price target for IBM is set to $155. IBM shares closed at $144.94 on Thursday.
• JP Morgan initiated coverage on Hertz Global Holdings, Inc HTZ with a Neutral rating. The price target for Hertz Global is set to $15. Hertz Global shares closed at $12.98 on Thursday.
• Analysts at Oppenheimer initiated coverage on Sorrento Therapeutics Inc SRNE with an Outperform rating. The price target for Sorrento Therapeutics is set to $7. Sorrento Therapeutics shares closed at $1.70 on Thursday.
• Analysts at Wedbush initiated coverage on Total System Services, Inc. TSS with an Outperform rating. The price target for Total System Services is set to $72. Total System Services shares closed at $63.72 on Thursday.