Benzinga's Top Upgrades, Downgrades For April 17, 2017


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Top Upgrades

  • Wells Fargo upgraded McDonald's Corporation (NYSE:MCD) from Market Perform to Outperform. McDonald's shares rose 0.72 percent to $131.70 in pre-market trading.
  • Stifel Nicolaus upgraded Valmont Industries, Inc. (NYSE:VMI) from Hold to Buy. Valmont shares fell 1.12 percent to close at $146.30 on Thursday.
  • Raymond James upgraded S&P Global Inc (NYSE:SPGI) from Market Perform to Outperform. S&P Global shares fell 0.50 percent to close at $128.28 on Thursday.
  • Analysts at Baird upgraded Knight Transportation (NYSE:KNX) from Neutral to Outperform. Knight Transportation shares fell 1.12 percent to close at $31.00 on Thursday.
  • Analysts at Stifel Nicolaus upgraded CIRCOR International, Inc. (NYSE:CIR) from Hold to Buy. CIRCOR shares dropped 0.07 percent to close at $56.14 on Thursday.
  • Wells Fargo upgraded Cummins Inc. (NYSE:CMI) from Market Perform to Outperform. Cummins shares fell 1.6 percent to close at $144.57 on Thursday.

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Top Downgrades

  • Analysts at PiperJaffray downgraded Incyte Corporation (NASDAQ:INCY) from Overweight to Neutral. Incyte shares fell 10.54 percent to $126.00 in pre-market trading.
  • Morgan Stanley downgraded Eli Lilly and Co (NYSE:LLY) from Overweight to Equal-Weight. Eli Lilly shares dropped 5.6 percent to $81.11 in pre-market trading.
  • Susquehanna downgraded KLA-Tencor Corp (NASDAQ:KLAC) from Neutral to Negative. KLA-Tencor shares rose 0.13 percent to close at $95.33 on Thursday.
  • Analysts at FBR Capital downgraded Ability Inc (NASDAQ:ABIL) from Outperform to Market Perform. Ability shares closed at $1.21 on Thursday.
  • Analysts at BMO Capital downgraded Eli Lilly and Co (NYSE:LLY) from Market Perform to Underperform. Eli Lilly shares dropped 5.6 percent to $81.11 in pre-market trading.
  • Deutsche Bank downgraded Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) from Buy to Hold. Sociedad Quimica y Minera shares rose 0.03 percent to $37.00 in pre-market trading.


Top Initiations

  • Analysts at BMO Capital initiated coverage on Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) with a Outperform rating. The price target for Alnylam Pharmaceuticals is set to $73. Alnylam Pharmaceuticals shares closed at $49.85 on Thursday.
  • Analysts at BMO Capital initiated coverage on Halozyme Therapeutics, Inc. (NASDAQ:HALO) with a Market Perform rating. The price target for Halozyme Therapeutics is set to $14. Halozyme Therapeutics shares closed at $12.81 on Thursday.
  • Analysts at Cowen & Co. initiated coverage on Valeritas Holdings, Inc. (NASDAQ:VLRX) with a Outperform rating. Valeritas shares closed at $6.30 on Thursday.
  • Analysts at Axiom Capital initiated coverage of Canadian Solar Inc. (NASDAQ:CSIQ) with a Buy rating. The price target for Canadian Solar is set to $18. Canadian Solar shares closed at $12.72 on Thursday.
  • Analysts at Macquarie initiated coverage of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) with a Outperform rating. The price target for Himax Technologies is set to $12. Himax Technologies shares closed at $8.40 on Thursday.
  • Analysts at Goldman Sachs initiated coverage on Integrated Device Technology Inc (NASDAQ:IDTI) with a Neutral rating. The price target for Integrated Device Technology is set to $24. Integrated Device Technology shares closed at $23.24 on Thursday.
  • Analysts at Craig-Hallum initiated coverage on Merit Medical Systems, Inc. (NASDAQ:MMSI) with a Buy rating. The price target for Merit Medical Systems is set to $36. Merit Medical Systems shares closed at $28.20 on Thursday.

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.


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