Benzinga's Top Upgrades, Downgrades For September 1, 2017


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Top Upgrades

  • JP Morgan upgraded Palo Alto Networks Inc (NYSE:PANW) from Neutral to Overweight. Palo Alto shares climbed 7.76 percent to $142.99 in pre-market trading.
  • Analysts at Baird upgraded Owens & Minor, Inc. (NYSE:OMI) from Underperform to Neutral. Owens & Minor shares gained 0.72 percent to close at $27.94 on Thursday.
  • Analysts at JP Morgan upgraded Gerdau SA (ADR) (NYSE:GGB) from Neutral to Overweight. Gerdau shares rose 0.27 percent to close at $3.71 on Thursday.
  • Citi upgraded Gap Inc (NYSE:GPS) from Sell to Neutral. Gap shares gained 0.60 percent to close at $23.62 on Thursday.
  • Analysts at Citigroup upgraded Kinross Gold Corporation (USA) (NYSE:KGC) from Sell to Neutral. Kinross Gold shares gained 2.85 percent to $4.69 in pre-market trading.
  • First Analysis upgraded Palo Alto Networks Inc (NYSE:PANW) from Equal Weight to Overweight. Palo Alto shares climbed 7.76 percent to $142.99 in pre-market trading.

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Top Downgrades

  • Analysts at Bank of America downgraded Greif, Inc. (NYSE:GEF) from Buy to Neutral. Greif shares rose 4.78 percent to close at $60.45 on Thursday.
  • Craig-Hallum downgraded Ambarella Inc (NASDAQ:AMBA) from Buy to Hold. Ambarella shares rose 0.69 percent to close at $54.40 on Thursday.
  • Cantor Fitzgerald downgraded CRH Medical Corp (NYSE:CRHM) from Overweight to Neutral. CRH Medical shares rose 1.02 percent to close at $2.47 on Thursday.
  • Oppenheimer downgraded America First Multifamily Investors (NASDAQ:ATAX) from Outperform to Perform. America First Multifamily Investors shares fel 0.81 percent to close at $6.15 on Thursday.


Top Initiations

  • Analysts at DA Davidson initiated coverage on Provident Financial Services, Inc. (NYSE:PFS) with a Neutral rating. The price target for Provident Financial is set to $25. Provident Financial shares closed at $24.85 on Thursday.
  • Analysts at Baird initiated coverage of MAXIMUS, Inc. (NYSE:MMS) with a Neutral rating. The price target for MAXIMUS is set to $64. MAXIMUS shares closed at $60.78 on Thursday.
  • Stifel Nicolaus reinstated coverage on AvalonBay Communities Inc (NYSE:AVB) with a Buy rating. The price target for AvalonBay Communities is set to $209. AvalonBay Communities shares closed at $187.73 on Thursday.
  • KeyBanc reinstated coverage on VMware, Inc. (NYSE:VMW) with a Sector Weight rating. VMware shares closed at $108.10 on Thursday.
  • Analysts at Stifel Nicolaus reinstated coverage on Essex Property Trust Inc (NYSE:ESS) with a Buy rating. The price target for Essex Property Trust is set to $294. Essex Property Trust shares closed at $265.97 on Thursday.
  • Analysts at Citi initiated coverage on Minerva Neurosciences Inc (NASDAQ:NERV) with a Buy rating. The price target for Minerva Neurosciences is set to $11. Minerva Neurosciences shares closed at $6.05 on Thursday.
  • Bernstein initiated coverage on DowDuPont (NYSE:DWDP) with an Outperform rating. The price target for 1st Constitution Bancorp is set to $79.
  • Cantor Fitzgerald initiated coverage on Global Medical REIT Inc (NYSE:GMRE) with an Overweight rating. The price target for Global Medical REIT is set to $12. Global Medical REIT shares closed at $8.45 on Thursday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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