Benzinga's Top Upgrades, Downgrades For June 20, 2017


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Top Upgrades

  • Analysts at Cowen & Co. upgraded McDonald's Corporation (NYSE:MCD) from Market Perform to Outperform.. McDonald's shares rose 0.43 percent to $153.80 in pre-market trading.
  • Buckingham upgraded Fossil Group Inc (NASDAQ:FOSL) from Underperform to Neutral. Fossil shares rose 3.04 percent to $9.50 in pre-market trading.
  • Pacific Crest upgraded NVIDIA Corporation (NASDAQ:NVDA) from Underweight to Sector Weight. NVIDIA shares rose 0.65 percent to $158.34 in pre-market trading.
  • Analysts at Bank of America upgraded Avery Dennison Corp (NYSE:AVY) from Neutral to Buy. Avery Dennison shares gained 2.16 percent to $88.54 in pre-market trading.
  • Goldman Sachs upgraded Simon Property Group Inc (NYSE:SPG) from Neutral to Buy. Simon Property shares gained 0.66 percent to $160.02 in pre-market trading.
  • Piper Jaffray upgraded National-Oilwell Varco, Inc. (NYSE:NOV) from Neutral to Overweight. National Oilwell Varco shares fell 1.13 percent to $33.20 in pre-market trading.
  • Analysts at Janney Capital upgraded Clovis Oncology Inc (NASDAQ:CLVS) from Neutral to Buy. Clovis Oncology shares rose 0.59 percent to $88.40 in pre-market trading.
  • Analysts at Pacific Crest upgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) from Sector Weight to Overweight. Marvell Technology shares gained 3.09 percent to $17.99 in pre-market trading.
  • Jefferies upgraded Goodyear Tire & Rubber Co (NASDAQ:GT) from Hold to Buy. Goodyear Tire shares gained 1.46 percent to $34.12 in pre-market trading.
  • BMO Capital upgraded EQT Corporation (NYSE:EQT) from Market Perform to Outperform. EQT shares rose 0.92 percent to $54.00 in pre-market trading.

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Top Downgrades

  • Goldman Sachs downgraded Paychex, Inc. (NASDAQ:PAYX) from Buy to Neutral. Paychex shares fell 1.13 percent to $60.44 in pre-market trading.
  • Analysts at Susquehanna downgraded O'Reilly Automotive Inc (NASDAQ:ORLY) from Positive to Neutral. O'Reilly shares slipped 0.44 percent to close at $230.38 on Monday.
  • Argus downgraded Cheesecake Factory Inc (NASDAQ:CAKE) from Buy to Hold. Cheesecake Factory shares rose 0.02 percent to $52.75 in pre-market trading.
  • Barclays downgraded Cornerstone OnDemand, Inc. (NASDAQ:CSOD) from Equal-Weight to Underweight. Cornerstone OnDemand shares fell 1.65 percent to $36.33 in pre-market trading.
  • RBC Capital downgraded Rice Energy Inc (NYSE:RICE) from Outperform to Sector Perform. Rice Energy shares rose 0.16 percent to $24.61 in pre-market trading.
  • William Blair downgraded INC Research Holdings Inc (NASDAQ:INCR) from Outperform to Market Perform. INC Research shares gained 1.51 percent to close at $60.65 on Monday.
  • Pacific Crest downgraded ON Semiconductor Corp (NASDAQ:ON) from Overweight to Sector Weight. ON Semiconductor shares declined 1.09 percent to $15.48 in pre-market trading.
  • Morgan Stanley downgraded Boyd Gaming Corporation (NYSE:BYD) from Overweight to Equal-Weight. Boyd Gaming shares fell 1.17 percent to $25.38 in pre-market trading.
  • Analysts at Goldman Sachs downgraded Automatic Data Processing (NASDAQ:ADP) from Buy to Neutral. Automatic Data Processing shares fell 1.54 percent to $102.51 in pre-market trading.
  • Credit Suisse downgraded CVR Refining LP (NYSE:CVRR) from Outperform to Neutral. CVR Refining shares declined 1.06 percent to close at $9.35 on Monday.


Top Initiations

  • SunTrust Robinson Humphrey initiated coverage on Merit Medical Systems, Inc. (NASDAQ:MMSI) with a Buy rating. The price target for Merit Medical is set to $43. WideOpenWest shares closed at $36.10 on Monday.
  • Atlantic Equities initiated coverage on Southwest Airlines Co (NYSE:LUV) with a Neutral rating. The price target for Southwest is set to $71. Southwest shares closed at $60.92 on Monday.
  • Johnson Rice initiated coverage of Kosmos Energy Ltd (NYSE:KOS) with a Buy rating. Kosmos Energy shares closed at $5.92 on Monday.
  • Analysts at BTIG Research initiated coverage on Galapagos NV (ADR) (NASDAQ:GLPG) with a Buy rating. The price target for Galapagos is set to $98. Galapagos shares closed at $81.77 on Monday.
  • Atlantic Equities initiated coverage on United Continental Holdings Inc (NYSE:UAL) with an Overweight rating. The price target for United Continental is set to $100. United Continental shares closed at $78.63 on Monday.
  • Guggenheim initiated coverage on Itron, Inc. (NASDAQ:ITRI) with a Buy rating. The price target for Itron is set to $81. Itron shares closed at $69.15 on Monday.
  • Analysts at Atlantic Equities initiated coverage of Delta Air Lines, Inc. (NYSE:DAL) with an Overweight rating. The price target for Delta Air is set to $68. Delta Air shares closed at $52.51 on Monday.

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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