Benzinga's Top Upgrades, Downgrades For April 9, 2019


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

  • Analysts at Needham upgraded Geron Corporation (NASDAQ:GERN) from Hold to Buy. Geron shares rose 4.9 percent to $1.93 in pre-market trading.
  • Cowen & Co. upgraded Walt Disney Co (NYSE:DIS) from Market Perform to Outperform. Disney shares gained 0.8 percent to $115.90 in pre-market trading.
  • Goldman Sachs upgraded PerkinElmer, Inc. (NYSE:PKI) from Neutral to Conviction Buy. PerkinElmer shares rose 0.72 percent to close at $99.71 on Monday.
  • Analysts at Jefferies upgraded Public Storage (NYSE:PSA) from Underperform to Hold. Public Storage shares fell 0.26 percent to close at $218.00 on Monday.
  • Credit Suisse upgraded J M Smucker Co (NYSE:SJM) from Underperform to Neutral. Smucker shares gained 1.24 percent to close at $117.98 on Monday.
  • Analysts at Macquarie upgraded Comcast Corporation (NASDAQ:CMCSA) from Neutral to Outperform. Comcast gained 0.6 percent to $40.95 in pre-market trading.

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Top Downgrades

  • Credit Suisse downgraded United States Steel Corporation (NYSE:X) from Neutral to Underperform. United States Steel shares fell 4.1 percent to $18.94 in pre-market trading.
  • Cowen & Co. downgraded Lennox International Inc. (NYSE:LII) from Outperform to Market Perform. Lennox shares rose 0.89 percent to close at $276.36 on Monday.
  • Guggenheim downgraded Zogenix, Inc. (NASDAQ:ZGNX) from Buy to Neutral. Zogenix shares fell 26 percent to $38.39 in pre-market trading.
  • Morgan Stanley downgraded Biohaven Pharmaceutical Holding Co Ltd (NYSE:BHVN) from Overweight to Equal-Weight. Biohaven Pharmaceutical shares fell 2.3 percent to $49.13 in pre-market trading.
  • Barclays downgraded Franco Nevada Corp (NYSE:FNV) from Overweight to Equal-Weight. Franco-Nevada shares fell 0.01 percent to close at $75.58 on Monday.
  • UBS downgraded SAP SE (NYSE:SAP) from Buy to Neutral. SAP shares fell 2.6 percent to $112.00 in pre-market trading.
  • Barclays downgraded Agnico Eagle Mines Ltd (NYSE:AEM) from Overweight to Equal-Weight. Agnico Eagle Mines shares fell 0.4 percent to $43.60 in pre-market trading.
  • JP Morgan downgraded HB Fuller Co (NYSE:FUL) from Overweight to Neutral. H.B. Fuller shares fell 0.02 percent to close at $50.79 on Monday.
  • BMO Capital downgraded Ball Corporation (NYSE:BLL) from Outperform to Market Perform. Ball shares slipped 0.2 percent to $58.10 in pre-market trading.

Top Initiations

  • Cowen & Co. initiated coverage on Cabot Oil & Gas Corporation (NYSE:COG) with an Outperform rating. The price target for Cabot Oil is set to $32. Cabot Oil shares closed at $26.82 on Monday.
  • Citigroup initiated coverage on Fox Corp (NASDAQ:FOXA) with a Neutral rating. The price target for Fox is set to $40. Fox closed at $37.47 on Monday.
  • Analysts at Keefe Bruyette & Woods initiated coverage on Fidelity National Information Servcs Inc (NYSE:FIS) with an Outperform rating. The price target for Fidelity National is set to $136. Fidelity National shares closed at $113.65 on Monday.
  • Clarksons Platou initiated coverage on Global Ship Lease Inc (NYSE:GSL) with a Buy rating. The price target for Global Ship Lease is set to $9. Global Ship Lease shares closed at $5.39 on Monday.
  • Evercore ISI Group initiated coverage on VICI Properties Inc (NYSE:VICI) with an Outperform rating. The price target for VICI Properties is set to $26. VICI Properties shares closed at $22.08 on Monday.
  • Analysts at JP Morgan initiated coverage on Magnolia Oil & Gas Corp (NYSE:MGY) with an Overweight rating. The price target for Magnolia Oil & Gas is set to $16. Magnolia Oil & Gas shares closed at $12.97 on Monday.
  • Analysts at Morgan Stanley initiated coverage on PVH Corp (NYSE:PVH) with an Overweight rating. The price target for PVH is set to $164. PVH shares closed at $127.40 on Monday.
  • Oppenheimer initiated coverage on Focus Financial Partners Inc (NASDAQ:FOCS) with an Outperform rating. The price target for Focus Financial Partners is set to $48. Focus Financial Partners shares closed at $36.91 on Monday.
  • Keefe Bruyette & Woods initiated coverage on Jack Henry & Associates, Inc. (NASDAQ:JKHY) with a Market Perform rating. The price target for Jack Henry & Associates is set to $145. Jack Henry & Associates shares closed at $141.37 on Monday.
  • Analysts at Raymond James initiated coverage on First Merchants Corporation (NASDAQ:FRME) with an Outperform rating. The price target for First Merchants is set to $42. First Merchants closed at $38.79 on Monday.

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.


Posted In: UpgradesDowngradesInitiationPre-Market OutlookAnalyst RatingsInitiationstop upgrades