Benzinga's Top Upgrades, Downgrades For December 21, 2016


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Top Upgrades

  • Atlantic Equities upgraded Morgan Stanley (NYSE: MS) from Underweight to Neutral. Morgan Stanley shares rose 1.56 percent to close at $43.50 on Tuesday.
  • Credit Suisse upgraded Sunoco LP (NYSE: SUN) from Neutral to Outperform. Sunoco shares gained 2.39 percent to $22.67 in pre-market trading.
  • Atlantic Equities upgraded Citigroup Inc (NYSE: C) from Neutral to Overweight. Citigroup shares fell 0.33 percent to $60.60 in pre-market trading.
  • Analysts at William Blair upgraded Westinghouse Air Brake Technologies Corp (NYSE: WAB) from Market Perform to Outperform. Wabtec shares rose 0.86 percent to $82.50 in pre-market trading.
  • Analysts at Jefferies upgraded Monster Beverage Corporation (NASDAQ: MNST) from Hold to Buy. Monster Beverage shares rose 3.07 percent to $44.88 in pre-market trading.
  • Atlantic Equities upgraded Bank of America Corp (NYSE: BAC) from Neutral to Overweight. Bank of America shares dropped 0.35 percent to $22.63 in pre-market trading.
  • Analysts at UBS upgraded BP plc (ADR) (NYSE: BP) from Neutral to Buy. BP shares rose 1.96 percent to $36.87 in pre-market trading.
  • Analysts at Piper Jaffray upgraded Astoria Financial Corp (NYSE: AF) from Neutral to Overweight. Astoria Financial shares rose 0.50 percent to close at $18.17 on Tuesday.

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Top Downgrades

  • Atlantic Equities downgraded Goldman Sachs Group Inc (NYSE: GS) from Overweight to Neutral. Goldman Sachs shares fell 0.45 percent to $241.99 in pre-market trading.
  • Analysts at Morgan Stanley downgraded New York Community Bancorp, Inc. (NYSE: NYCB) from Overweight to Equal-Weight. New York Community Bancorp shares fell 2.39 percent to $16.35 in pre-market trading.
  • Mizuho downgraded Oasis Petroleum Inc. (NYSE: OAS) from Buy to Neutral. Oasis Petroleum shares fell 0.85 percent to $16.41 in pre-market trading.
  • Raymond James downgraded JetBlue Airways Corporation (NASDAQ: JBLU) from Outperform to Market Perform. JetBlue shares rose 1.24 percent to close at $22.79 on Tuesday.
  • Analysts at JMP Securities downgraded Allied World Assurance Co Holdings, AG. (NYSE: AWH) from Market Outperform to Market Perform. Allied World Assurance shares rose 2.40 percent to close at $53.00 on Tuesday.
  • Atlantic Equities downgraded U.S. Bancorp (NYSE: USB) from Overweight to Neutral. US Bancorp shares rose 1.29 percent to close at $52.54 on Tuesday.
  • Analysts at Stifel Nicolaus downgraded Tallgrass Energy GP LP (NYSE: TEGP) from Buy to Hold. Tallgrass Energy shares rose 1.63 percent to close at $25.51 on Tuesday.


Top Initiations

  • Analysts at BMO Capital initiated coverage on General Motors Company (NYSE: GM) with a Market Perform rating. The price target for General Motors is set to $38. General Motors shares closed at $36.61 on Tuesday.
  • Analysts at Citigroup initiated coverage on QUALCOMM, Inc. (NASDAQ: QCOM) with a Neutral rating. QUALCOMM shares closed at $66.91 on Tuesday.
  • Analysts at Cleveland Research initiated coverage on Polaris Industries Inc. (NYSE: PII) with a Neutral rating. Polaris Industries shares closed at $81.52 on Tuesday.
  • Analysts at SunTrust Robinson Humphrey initiated coverage on Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) with a Buy rating. The price target for Dave & Buster's is set to $68. Dave & Buster's shares closed at $56.07 on Tuesday.
  • Analysts at Aegis Capital initiated coverage on Alphabet Inc (NASDAQ: GOOGL) with a Buy rating. The price target for Alphabet is set to $980. Alphabet shares closed at $815.20 on Tuesday.
  • Analysts at BMO Capital initiated coverage of Ford Motor Company (NYSE: F) with a Market Perform rating. The price target for Ford is set to $13. Ford shares closed at $12.78 on Tuesday.
  • Analysts at Wells Fargo initiated coverage on Corning Incorporated (NYSE: GLW) with a Market Perform rating. Corning shares closed at $24.59 on Tuesday.
  • Susquehanna initiated coverage on Texas Instruments Incorporated (NASDAQ: TXN) with a Positive rating. Texas Instruments shares closed at $74.04 on Tuesday.
  • JP Morgan initiated coverage on Centene Corp (NYSE: CNC) with an Overweight rating. The price target for Centene is set to $75. Centene shares closed at $56.72 on Tuesday
  • CL King initiated coverage on OraSure Technologies, Inc. (NASDAQ: OSUR) with a Buy rating. The price target for OraSure Technologies is set to $11. OraSure Technologies shares closed at $8.88 on Tuesday.

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: UpgradesDowngradesInitiationAnalyst RatingsDowngradesInitiationstop upgrades