Benzinga's Top Upgrades, Downgrades For April 11, 2017

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Top Upgrades

  • Pacific Crest upgraded Yelp Inc YELP from Underweight to Overweight. The price target is set to $43.00.
  • JP Morgan upgraded Western Digital Corp WDC from Underweight to Overweight. The price target is set to $116.00. Western Digital Corp shares rose 2.15 percent to $86.60 in the pre-market trading.
  • Credit Suisse upgraded Tetra Technologies, Inc. TTI from Market-perform to Outperform. Tetra Technologies, Inc. shares closed at $4.05 on Monday
  • Morgan Stanley upgraded RingCentral Inc. RNG from Underweight to Overweight. The price target is set to $33.00. RingCentral Inc. shares rose 1.62% to close at $28.15 in the pre-market trading.
  • Goldman Sachs upgraded RSP Permian Inc RSPP from Hold to Buy. The target price is set to $63.00. RSP Permian Inc shares closed at $40.91 on Monday.
  • Bank of America upgraded Arcos Dorados Holdings Inc ARCO Class A shares from Sell to Buy. The price target is set to $10.00. Arcos Dorados Holdings Inc shares closed at $7.85 on Monday.
  • RBC Capital upgraded Toll Brothers Inc TOL from Market Perform to Outperform The price target is set to $43.00. Toll Brothers Inc shares rose 0.54% to close at $35.42 in the pre-market trading.
  • RBC Capital upgraded RetailMeNot Inc SALE to Sector Perform. The price target is set to $11.60. RetailMeNot Inc shares rose 49.10percent to close at $11.55 in the pre-market trading.

Top Downgrades

  • Mizuho downgraded HCP, Inc. HCP from Buy To Neutral. The price target is set to $32. HCP, Inc. shares closed at $31.91 on Monday.
  • BMO Capital downgraded Oncomed Pharmaceuticals Inc OMED from Outperform to Market Perform. The price target is set to $6.00. Oncomed Pharmaceuticals Inc shares closed at $5.55
  • B. Riley downgraded Xcerra Corp XCRA from Buy To Neutral. Xcerra Corp declined 1.14 percent to close at $9.52 in the pre-market trading.
  • Bank of America downgraded Wright Medical Group NV TRNX ordinary shares from Buy to Neutral. Wright Medical Group NV shares closed at $20.67 on Monday.
  • Credit Suisse downgraded ON Semiconductor Corp ON from Outperform to Under-perform. The price target is set to $13.50. ON Semiconductor Corp declined 3.58 percent to close at 14.56 in the pre-market trading.
  • Cantor Fitzgerald downgraded Wix.Com Ltd WIX from Buy To Neutral. Wix.Com Ltd shares declined 1.18 percent to close at $75.40 in the pre-market trading.

Top Initiations

  • Analysts at Susquehanna initiated coverage on MRC Global Inc MRC with a Positive rating. The price target is set to $23. MRC Global Inc shares closed at $19.41 on Monday.
  • Analysts at Baird initiated coverage on BroadSoft Inc BSFT with a Neutral rating, The price target is set to $44.
  • Analysts at Jefferies initiated coverage on Pinnacle Foods Inc PF with a Buy rating. The price target is set to $67. Pinnacle Foods Inc shares closed at $58.79 on Monday.
  • Analysts at Stifel Nicolaus initiated coverage on Deere & Company DE with a Buy rating. The price target is set to $126. Deere & Company shared rose 0.25 percent to close at $109.90 in the pre-market trading.
  • Analysts at Stifel Nicolaus initiated coverage on AGCO Corporation AGCO with a Hold rating. AGCO Corporation shares closed at $61.08 on Monday.
  • Analysts at Piper Jaffray initiated coverage on Propetro Holding Corp PUMP with an Overweight rating. The price target is set to $18.00. Propetro Holding Corp shares rose 3.19 percent to close at $14.57 in the pre-market trading.
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