Benzinga's Top Upgrades, Downgrades For July 21, 2017


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

  • JMP Securities upgraded CalAtlantic Group Inc (NYSE:CAA) from Market Perform to Market Outperform. CalAtlantic shares dropped 0.35 percent to close at $37.09 on Thursday.
  • Raymond James upgraded Juniper Networks, Inc. (NYSE:JNPR) from Market Perform to Outperform. Juniper shares rose 1.16 percent to $29.56 in pre-market trading.
  • Analysts at Goldman Sachs upgraded SCANA Corporation (NYSE:SCG) from Sell to Neutral. SCANA shares rose 0.64 percent to close at $64.72 on Thursday.
  • Analysts at Piper Jaffray upgraded Triumph Bancorp Inc (NASDAQ:TBK) from Neutral to Overweight. Triumph Bancorp shares climbed 7.11 percent to close at $27.10 on Thursday.
  • Analysts at Oppenheimer upgraded Capital One Financial Corp. (NYSE:COF) from Underperform to Perform. Capital One shares rose 3.95 percent to $84.21 in pre-market trading.
  • Analysts at DA Davidson upgraded KeyCorp (NYSE:KEY) from Neutral to Buy. KeyCorp shares gained 1.25 percent to $18.60 in pre-market trading.
  • Compass Point upgraded Independent Bank Corp (NASDAQ:INDB) from Neutral to Buy. Independent Bank shares dropped 0.52 percent to close at $66.35 on Thursday.
  • KeyBanc upgraded DXC Technology Company (NYSE:DXC) from Sector Weight to Overweight. DXC Technology shares rose 1.12 percent to $79.52 in pre-market trading.

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Top Downgrades

  • Analysts at Deutsche Bank downgraded Union Pacific Corporation (NYSE:UNP) from Buy to Hold. Union Pacific shares fell 0.13 percent to $106.00 in pre-market trading.
  • RBC Capital downgraded Polaris Industries Inc. (NYSE:PII) from Sector Perform to Underperform. Polaris shares fell 1.74 percent to $94.75 in pre-market trading.
  • Berenberg downgraded Wells Fargo & Co (NYSE:WFC) from Hold to Sell. Wells Fargo shares fell 0.87 percent to $54.40 in pre-market trading.
  • Analysts at Barclays downgraded Alliance Data Systems Corporation (NYSE:ADS) from Overweight to Equal-Weight. Alliance Data shares dropped 0.36 percent to $237.75 in pre-market trading.
  • William Blair downgraded Automatic Data Processing (NASDAQ:ADP) from Outperform to Market Perform. ADP shares dropped 0.66 percent to $102.66 in pre-market trading.
  • Piper Jaffray downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) from Overweight to Neutral. Check Point shares rose 0.27 percent to $107.70 in pre-market trading.
  • KeyBanc downgraded Cooper Companies Inc (NYSE:COO) from Overweight to Sector Weight. Cooper shares dropped 0.35 percent to close at $254.00 on Thursday.
  • Argus downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) from Buy to Hold. Chipotle shares rose 0.28 percent to $357.05 in pre-market trading.
  • Citigroup downgraded Occidental Petroleum Corporation (NYSE:OXY) from Neutral to Sell. Occidental Petroleum shares fell 0.99 percent to $59.92 in pre-market trading.
  • Credit Suisse downgraded National Beverage Corp. (NASDAQ:FIZZ) from Neutral to Underperform. National Beverage shares dropped 4.86 percent to $103.04 in pre-market trading.


Top Initiations

  • Analysts at Needham initiated coverage on Express Scripts Holding Company (NASDAQ:ESRX) with a Hold rating. Express Scripts shares closed at $62.64 on Thursday.
  • Credit Suisse initiated coverage on Basic Energy Services, Inc. (NYSE:BAS) with a Neutral rating. The price target for Basic Energy is set to $30. Basic Energy shares closed at $28.04 on Thursday.
  • Deutsche Bank initiated coverage of TherapeuticsMD Inc (NASDAQ:TXMD) with a Buy rating. The price target for TherapeuticsMD is set to $10. TherapeuticsMD shares closed at $5.37 on Thursday.
  • Janney Capital initiated coverage on Rexnord Corp (NYSE:RXN) with a Buy rating. The price target for Rexnord is set to $27. Rexnord shares closed at $23.87 on Thursday.
  • Analysts at DA Davidson initiated coverage on Duluth Holdings Inc (NASDAQ:DLTH) with a Buy rating. The price target for Duluth is set to $25. Duluth shares closed at $19.13 on Thursday.
  • Oppenheimer initiated coverage on SPS Commerce, Inc. (NASDAQ:SPSC) with a Outperform rating. The price target for SPS Commerce is set to $74. SPS Commerce shares closed at $59.89 on Thursday.
  • Analysts at Cantor Fitzgerald initiated coverage on Revance Therapeutics Inc (NASDAQ:RVNC) with a Overweight rating. The price target for Revance Therapeutics is set to $50. Revance Therapeutics shares closed at $22.80 on Thursday.
  • Craig-Hallum initiated coverage on Cars.com Inc (NYSE:CARS) with a Hold rating. The price target for Cars.com is set to $25. Cars.com shares closed at $23.12 on Thursday.

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: UpgradesDowngradesInitiationAnalyst RatingsDowngradesInitiationstop upgrades