Benzinga's Top Upgrades, Downgrades For September 14, 2017


27% profits every 20 days?

This is what Nic Chahine averages with his options 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

  • Bernstein upgraded KeyCorp (NYSE:KEY) from Market Perform to Outperform. KeyCorp shares rose 2.29 percent to close at $17.86 on Wednesday.
  • Guggenheim upgraded Southern Co (NYSE:SO) from Neutral to Buy. Southern shares fell 0.28 percent to close at $49.42 on Wednesday.
  • Wells Fargo upgraded Raymond James Financial, Inc. (NYSE:RJF) from Market Perform to Outperform. Raymond James shares gained 0.31 percent to close at $78.46 on Wednesday.
  • JP Morgan upgraded Beazer Homes USA, Inc. (NYSE:BZH) from Neutral to Overweight. Beazer Homes shares fell 0.92 percent to close at $15.03 on Wednesday.
  • Susquehanna upgraded Air Products & Chemicals, Inc. (NYSE:APD) from Neutral to Positive. Air Products shares fell 0.05 percent to close at $149.20 on Wednesday.
  • Citigroup upgraded Nucor Corporation (NYSE:NUE) from Neutral to Buy. Nucor shares rose 1.10 percent to $54.19 in pre-market trading.
  • Analysts at Barclays upgraded VMware, Inc. (NYSE:VMW) from Equal-Weight to Overweight. VMware shares climbed 0.76 percent to close at $110.43 on Wednesday.
  • Wedbush upgraded Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) from Neutral to Outperform. Ultragenyx Pharmaceutical shares fell 0.95 percent to close at $49.79 on Monday.
  • Analysts at JP Morgan upgraded BRF SA (ADR) (NYSE:BRFS) from Neutral to Overweight. BRF shares gained 1.70 percent to close at $14.37 on Wednesday.
  • Analysts at Bernstein upgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) from Market Perform to Outperform. Huntington Bancshares shares rose 0.86 percent to close at $12.90 on Wednesday.

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Top Downgrades

  • Morgan Stanley downgraded Hertz Global Holdings, Inc (NYSE:HTZ) from Equal-Weight to Underweight. Hertz Global shares fell 6 percent to $22.50 in pre-market trading.
  • JP Morgan downgraded Apache Corporation (NYSE:APA) from Neutral to Underweight. Apache shares fell 0.71 percent to $42.04 in pre-market trading.
  • Analysts at Morgan Stanley downgraded McKesson Corporation (NYSE:MCK) from Overweight to Equal-Weight. McKesson shares rose 0.84 percent to close at $157.68 on Wednesday.
  • JP Morgan downgraded Toll Brothers Inc (NYSE:TOL) from Overweight to Neutral. Toll Brothers shares fell 0.82 percent to close at $39.87 on Wednesday.
  • Analysts at Goldman Sachs downgraded Infineon Technologies AG (ADR) (OTC:IFNNY) from Buy to Neutral. Nordstrom shares fell 0.70 percent to $24.20 in pre-market trading.
  • Morgan Stanley downgraded AmerisourceBergen Corp. (NYSE:ABC) from Overweight to Equal-Weight. AmerisourceBergen shares rose 0.50 percent to close at $84.32 on Wednesday.
  • JP Morgan downgraded Hess Corp. (NYSE:HES) from Overweight to Neutral. Hess shares rose 1.74 percent to close at $42.13 on Wednesday.


Top Initiations

  • Analysts at DA Davidson initiated coverage on eBay Inc (NASDAQ:EBAY) with a Buy rating. The price target for eBay is set to $45. eBay shares closed at $38.27 on Wednesday.
  • Analysts at Goldman Sachs initiated coverage on Ferrari N.V. (NYSE:RACE) with a Neutral rating. The price target for Ferrari is set to $131. Ferrari closed at $108.80 on Wednesday.
  • BMO Capital initiated coverage on Floor & Decor Holdings Inc (NYSE:FND) with a Market Perform rating. The price target for Floor & Decor is set to $41. Floor & Decor shares closed at $39.98 on Wednesday.
  • Needham initiated coverage on Conduent Inc (NYSE:CNDT) with a Hold rating. Conduent shares closed at $16.14 on Wednesday.
  • Analysts at Bernstein initiated coverage of Blue Buffalo Pet Products Inc (NASDAQ:BUFF) with a Market Perform rating. The price target for Blue Buffalo Pet Products is set to $29. Blue Buffalo Pet Products shares closed at $25.96 on Wednesday.
  • Analysts at Keefe Bruyette & Woods initiated coverage on BCB Bancorp, Inc. (NASDAQ:BCBP) with an Outperform rating. BCB Bancorp shares closed at $12.40 on Wednesday.
  • Deutsche Bank initiated coverage on Burlington Stores Inc (NASDAQ:BURL) with a Buy rating. The price target for Burlington Stores is set to $108. Burlington shares closed at $90.81 on Wednesday.
  • JP Morgan initiated coverage on Berkshire Hathaway Inc. (NYSE:BRK) with an Overweight rating. The price target for Berkshire Hathaway is set to $210. Berkshire Hathaway shares closed at $178.92 on Wednesday.
  • Analysts at DA Davidson initiated coverage on GrubHub Inc (NYSE:GRUB) with a Neutral rating. The price target for GrubHub is set to $48. GrubHub shares closed at $56.18 on Wednesday.
  • Morgan Stanley initiated coverage of Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) with an Overweight rating. The price target for Fomento Economico Mexicano is set to $120. Fomento Economico Mexicano shares closed at $99.38 on Wednesday.

27% profits every 20 days?

This is what Nic Chahine averages with his options 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.


Posted In: UpgradesDowngradesInitiationAnalyst RatingsDowngradesHealth CareHealth Care DistributorsInitiationstop upgrades