Benzinga's Top Upgrades, Downgrades For May 18, 2017


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Top Upgrades

  • Analysts at Deutsche Bank upgraded Progressive Corp (NYSE:PGR) from Sell to Hold. Progressive shares climbed 2.64 percent to close at $ 41.16 on Wednesday.
  • Nomura upgraded Noble Corporation (UK) (NYSE:NE) from Reduce to Neutral. Noble shares fell 1.38 percent to $4.29 in pre-market trading.
  • Analysts at Leerink Swann upgraded Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) from Market Perform to Outperform. Achillion Pharmaceuticals shares rose 1.59 percent to $3.84 in pre-market trading.
  • Analysts at Wedbush upgraded Shake Shack Inc (NYSE:SHAK) from Neutral to Outperform. Shake Shack shares gained 1.64 percent to $37.25 in pre-market trading.
  • KeyBanc upgraded Pentair plc. (NYSE:PNR) from Hold to Overweight. Pentair shares fell 0.43 percent to close at $65.22 on Wednesday.
  • Analysts at Citigroup upgraded Bank of Montreal (USA) (NYSE:BMO) from Neutral to Buy. Bank Of Montreal shares dropped 2.03 percent to close at $67.65 on Wednesday.
  • Maxim Group upgraded Bioline RX Ltd (NASDAQ:BLRX) from Hold to Buy. BioLineRx shares rose 5.26 percent to $0.870 in pre-market trading.
  • Keefe Bruyette & Woods upgraded Hanover Insurance Group Inc (NYSE:THG) from Underperform to Market Perform. Hanover Insurance shares dropped 0.46 percent to close at $80.59 on Wednesday.

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Top Downgrades

  • Jefferies downgraded Stratasys, Ltd. (NASDAQ:SSYS) from Buy to Hold. Stratasys shares fell 2.16 percent to $27.20 in pre-market trading.
  • Raymond James downgraded Expedia Inc (NASDAQ:EXPE) from Outperform to Market Perform. Expedia shares declined 1.67 percent to $138.06 in pre-market trading.
  • Stifel Nicolaus downgraded Endologix, Inc. (NASDAQ:ELGX) from Buy to Hold. Endologix shares dropped 22 percent to $5.25 in pre-market trading.
  • UBS downgraded Symantec Corporation (NASDAQ:SYMC) from Buy to Neutral. Symantec shares fell 2.1 percent to $29.49 in pre-market trading.
  • DA Davidson downgraded Douglas Emmett, Inc. (NYSE:DEI) from Buy to Neutral. Douglas Emmett shares slipped 0.50 percent to close at $38.07 on Wednesday.
  • KeyBanc downgraded Jack in the Box Inc. (NASDAQ:JACK) from Buy to Sector Weight. Jack In The Box shares dropped 1.78 percent to $105.75 in pre-market trading.
  • Deutsche Bank downgraded W W Grainger Inc (NYSE:GWW) from Hold to Sell. Grainger shares fell 2.73 percent to $170.00 in pre-market trading.
  • Analysts at SunTrust Robinson Humphrey downgraded Essex Property Trust Inc (NYSE:ESS) from Buy to Hold. Essex Property Trust shares dropped 0.79 percent to $251.73 in pre-market trading.


Top Initiations

  • Analysts at Macquarie initiated coverage on Citizens Financial Group Inc (NYSE:CFG) with an Underperform rating. The price target for Citizens Financial is set to $33. Citizens Financial shares closed at $34.57 on Wednesday.
  • Credit Suisse initiated coverage on Colfax Corp (NYSE:CFX) with an Outperform rating. The price target for Colfax is set to $47. Colfax shares closed at $39.47 on Wednesday.
  • KeyBanc initiated coverage of Teladoc Inc (NYSE:TDOC) with an Overweight rating. The price target for Teladoc is set to $37. Teladoc shares closed at $27.55 on Wednesday.
  • Benchmark initiated coverage on PTC Inc (NASDAQ:PTC) with a Buy rating. The price target for PTC is set to $65. PTC shares closed at $51.63 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: UpgradesDowngradesInitiationAnalyst RatingsDowngradesInitiationstop upgrades