Benzinga's Top Upgrades, Downgrades For May 3, 2018 - Ciena (NYSE:CIEN), Caterpillar (NYSE:CAT)

Drexel Hamilton upgraded NXP Semiconductors N.V. NXPI from Hold to Buy. NXP Semiconductors shares closed at $102.72 on Wednesday.
Bernstein upgraded salesforce.com, inc. CRM from Underperform to Market Perform. Salesforce.com shares closed at $122.82 on Wednesday.
Baird upgraded YUM! Brands, Inc. YUM from Neutral to Outperform. Yum Brands shares closed at $80.20 on Wednesday.
Analysts at JP Morgan upgraded Discovery, Inc. DISCA from Neutral to Overweight. Discovery shares closed at $23.58 on Wednesday.
Stifel Nicolaus upgraded Square, Inc. SQ from Hold to Buy. Square shares closed at $48.66 on Wednesday.
RBC Capital upgraded 3M Company MMM from Sector Perform to Outperform. 3M shares closed at $194.50 on Wednesday.
Deutsche Bank upgraded The Estée Lauder Companies Inc. EL from Hold to Buy. Estee Lauder shares closed at $132.59 on Wednesday.
Bank of America upgraded Deere & Company DE from Neutral to Buy. Deere shares closed at $134.75 on Wednesday.
Barclays upgraded NVIDIA Corporation NVDA from Equal-Weight to Overweight. NVIDIA shares closed at $226.31 on Wednesday.
Jefferies upgraded Marathon Petroleum Corporation MPC from Hold to Buy. Marathon Petroleum shares closed at $75.84 on Wednesday.

Wells Fargo downgraded Malibu Boats, Inc. MBUU from Outperform to Market Perform. Malibu Boats shares closed at $40.36 on Wednesday.
Baird downgraded Laredo Petroleum, Inc. LPI from Outperform to Neutral. Laredo Petroleum shares closed at $10.92 on Wednesday.
JP Morgan downgraded Esperion Therapeutics, Inc. ESPR from Neutral to Underweight. Esperion Therapeutics shares closed at $45.75 on Wednesday.
RBC Capital downgraded Pentair plc PNR from Outperform to Sector Perform. Pentair shares closed at $45.42 on Wednesday.
Leerink Swann downgraded Hologic, Inc. HOLX from Outperform to Market Perfor. Hologic shares closed at $39.64 on Wednesday.
DA Davidson downgraded TCF Financial Corporation TCF from Buy to Neutral. TCF Financial shares closed at $25.18 on Wednesday.
Analysts at Bank of America downgraded Caterpillar Inc. CAT from Buy to Neutral. Caterpillar shares closed at $143.86 on Wednesday.
Bank of America downgraded Cummins Inc. CMI from Buy to Neutral. Cummins shares closed at $146.12 on Wednesday.
Jefferies downgraded The Estée Lauder Companies Inc. EL from Buy to Hold. Estee Lauder shares closed at $132.59 on Wednesday.
Stephens & Co. downgraded The Habit Restaurants, Inc. HABT from Overweight to Equal-Weight. Habit Restaurants shares closed at $10.25 on Wednesday.

Analysts at JP Morgan initiated coverage on Corning Incorporated GLW with a Neutral rating. The price target for Corning is set to $33. Corning shares closed at $26.70 on Wednesday.
Analysts at JP Morgan initiated coverage on Cisco Systems, Inc. CSCO with an Overweight rating. The price target for Cisco is set to $57. Cisco shares closed at $43.86 on Wednesday.
H.C. Wainwright assumed coverage on CytRx Corporation CYTR with a Buy rating. The price target for CytRx is set to $4. CytRx shares closed at $1.79 on Wednesday.
Goldman Sachs initiated coverage on Pentair plc PNR with a Neutral rating. The price target for Pentair is set to $49. Pentair shares closed at $45.42 on Wednesday.
JP Morgan initiated coverage on Ciena Corporation CIEN with an Overweight rating. The price target for Ciena is set to $36. Ciena shares closed at $25.92 on Wednesday.