Benzinga's Top Upgrades, Downgrades For April 12, 2018


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Top Upgrades

  • Goldman Sachs upgraded TechnipFMC plc (NYSE:FTI) from Neutral to Buy. TechnipFMC shares rose 4.88 percent to $32.89 in pre-market trading.
  • Evercore ISI Group upgraded PNM Resources, Inc. (NYSE:PNM) from Underperform to In-Line. PNM shares closed at $37.50 on Wednesday.
  • BMO Capital upgraded FMC Corporation (NYSE:FMC) from Market Perform to Outperform. FMC shares fell 1.03 percent to close at $78.43 on Wednesday.
  • Wells Fargo upgraded Bellicum Pharmaceuticals, Inc (NASDAQ:BLCM) from Market Perform to Outperform. Bellicum Pharmaceuticals shares rose 24.09 percent to $8.50 in pre-market trading.
  • Analysts at Jefferies upgraded Prologis, Inc. (NYSE:PLD) from Hold to Buy. Prologis rose 0.03 percent to close at $61.62 on Wednesday.
  • Barclays upgraded Mellanox Technologies, Ltd. (NASDAQ:MLNX) from Equal-Weight to Overweight. Mellanox shares rose 1.92 percent to close at $77.15 on Wednesday.
  • Goldman Sachs upgraded PDC Energy, Inc. (NASDAQ:PDCE) from Neutral to Buy. PDC Energy shares rose 3.33 percent to close at $49.58 on Wednesday.
  • Wells Fargo upgraded MDC Partners Inc. (NASDAQ:MDCA) from Market Perform to Outperform. MDC Partners shares fell 0.72 percent to close at $6.85 on Wednesday.
  • Leerink Swann upgraded Mylan N.V. (NASDAQ:MYL) from Market Perform to Outperform. Mylan shares rose 1.06 percent to $40.82 in pre-market trading.
  • Lake Street upgraded American Outdoor Brands Corporation (NASDAQ:AOBC) from Hold to Buy. American Outdoor Brands shares rose 2.21 percent to $10.65 in pre-market trading.

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Top Downgrades

  • KeyBanc downgraded J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) from Overweight to Sector Weight. JB Hunt shares rose 1.49 percent to close at $113.09 on Wednesday.
  • Barclays downgraded Puma Biotechnology, Inc. (NASDAQ:PBYI) from Overweight to Equal-Weight. Puma Biotechnology shares fell 1.81 percent to $64.95 in pre-market trading.
  • Analysts at Keefe Bruyette & Woods downgraded MarketAxess Holdings Inc. (NASDAQ:MKTX) from Outperform to Market Perform. MarketAxess shares fell 0.26 percent to close at $205.85 on Wednesday.
  • Wedbush downgraded Ellie Mae, Inc. (NYSE:ELLI) from Neutral to Underperform. Ellie Mae shares fell 2.66 percent to $91.50 in pre-market trading.
  • Goldman Sachs downgraded U.S. Silica Holdings, Inc. (NYSE:SLCA) from Buy to Neutral. US Silica shares fell 1.85 percent to $27.00 in pre-market trading.
  • Barclays downgraded Paycom Software, Inc. (NYSE:PAYC) from Overweight to Equal-Weight. Paycom shares dropped 0.68 percent to $111.50 in pre-market trading.
  • B. Riley downgraded Apellis Pharmaceuticals, Inc. (NASDAQ:APLS) from Buy to Neutral. Apellis Pharmaceuticals shares fell 4.66 percent to $26.00 in pre-market trading.
  • Goldman Sachs downgraded Continental Resources, Inc. (NYSE:CLR) from Buy to Neutral. Continental Resources shares fell 1.36 percent to $61.00 in pre-market trading.


Top Initiations

  • Analysts at Raymond James initiated coverage on Monolithic Power Systems, Inc. (NASDAQ:MPWR) with a Strong Buy rating. The price target for Monolithic Power is set to $140. Monolithic Power shares closed at $116.98 on Wednesday.
  • Piper Jaffray initiated coverage on The Hershey Company (NYSE:HSY) with a Neutral rating. The price target for Hershey is set to $99. Hershey shares closed at $96.65 on Wednesday.
  • Laidlaw & Co. initiated coverage on MEI Pharma, Inc. (NASDAQ:MEIP) with a Buy rating. The price target for MEI Pharma is set to $7. MEI Pharma shares closed at $1.95 on Wednesday.
  • DA Davidson initiated coverage on A. O. Smith Corporation (NYSE:AOS) with a Buy rating. The price target for A. O. Smith is set to $72. A. O. Smith shares closed at $63.58 on Wednesday.
  • Analysts at SunTrust Robinson Humphrey initiated coverage on Mallinckrodt PLC (NYSE:MNK) with a Hold rating. The price target for Mallinckrodt is set to $15. Mallinckrodt closed at $14.90 on Wednesday.
  • Keefe Bruyette & Woods initiated coverage on Nicolet Bankshares, Inc. (NASDAQ:NCBS) with a Market Perform rating. The price target for Nicolet Bankshares is set to $56. Nicolet Bankshares shares closed at $54.44 on Wednesday.
  • H.C. Wainwright initiated coverage on Leap Therapeutics, Inc. (NASDAQ:LPTX) with a Buy rating. The price target for Leap Therapeutics is set to $12.50. Leap Therapeutics shares closed at $9.71 on Wednesday.
  • Analysts at DA Davidson initiated coverage on AMETEK, Inc. (NYSE:AME) with a Buy rating. The price target for AMETEK is set to $85. AMETEK shares closed at $74.07 on Wednesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: UpgradesDowngradesInitiationPre-Market OutlookAnalyst RatingsInitiationstop upgrades