Benzinga's Top Upgrades, Downgrades For April 12, 2017

Top Upgrades

• CL King upgraded John Bean Technologies Corp (NYSE: JBT) from Hold to Buy. The price target is set to $103. John Bean shares closed at $87.20 on Tuesday.
• Leerink Swann upgraded Globus Medical Inc (NYSE: GMED) from Market-Perform to Outperform. The price target is set to $40. Globus Medical shares closed at $29.81 on Tuesday.
• Morgan Stanley upgraded Eastgroup Properties Inc (NYSE: EGP) from Underweight to Equal-Weight. The price target is set to $76. Eastgroup Properties shares closed at $77.73 in pre-market trading.
• Keefe Bruyette & Woods upgraded AllianceBernstein Holding LP (NYSE: AB) from Underperform to Outperform. The price target is set to $26. AllianceBernstein shares closed at $22.35 on Tuesday.
• JP Morgan upgraded Compania Cervecerias Unidas S.A. (ADR) (NYSE: CCU) common stock from Hold to Neutral. Compania Cervecerias Unidas shares closed at $25.59 on Tuesday.
• JP Morgan upgraded Embotelladora Andina SA (ADR) (NYSE: AKO.B) common stock from Underweight to Overweight. Embotelladora Andina shares closed at $24.70 on Tuesday.
• Oppenheimer upgraded GrubHub Inc (NYSE: GRUB) from Market Perform to Outperform. GrubHub shares rose 1.30 percent to close at $35.00 in pre-market trading.
• Citigroup upgraded Verisign, Inc. (NASDAQ: VRSN) from Hold to Neutral. Verisign shares rose 0.48 percent to close at $88.33 in pre-market trading.
• Citigroup upgraded HP Inc (NYSE: HPQ) from Hold to Buy. The company’s shares rose 2.05 percent to close at $17.90 in pre-market trading.

Top Downgrades

• Analysts at Rafferty downgraded Wells Fargo & Co (NYSE: WFC) from Hold to Sell. The price target is set to $54.50. Wells Fargo shares declined 0.46 percent to $53.91 in pre-market trading.
• JP Morgan downgraded Tractor Supply Company (NASDAQ: TSCO) from Buy to Neutral. Tractor Supply shares fell 4.71 percent to close at $67.15 in pre-market trading.
• Oppenheimer downgraded Avinger Inc (NASDAQ: AVGR) from Outperform to Perform. Avinger shares closed at $0.600 on Tuesday.

Top Initiations

• Analysts at BMO Capital initiated coverage on Horizon Global Corp (NYSE: HZN) with an Outperform rating. The price target is set to $18. Horizon Global shares closed at $12.32 on Tuesday.
• Analysts at Ladenburg Thalmann initiated coverage on Cidara Therapeutics Inc (NASDAQ: CDTX) with a Buy rating. The price target is set to $11.25. Cidara Therapeutics shares closed at $6.95 on Tuesday.
• Analysts at Pacific Crest initiated coverage on Talend SA ADR (NASDAQ: TLND) with an Overweight rating. The price target is set to $38. Talend shares closed at $31.21 on Tuesday.
• Analysts at Nomura initiated coverage on USG Corporation (NYSE: USG) with a Neutral rating. The price target is set to $33. USG shares closed at $31.69 on Tuesday.
• Analysts at Nomura initiated coverage on Interface, Inc. (NASDAQ: TILE) with a Buy rating. The price target is set to $22. Interface shares closed at $19.05 on Tuesday.
• Nomura initiated coverage on Stanley Black & Decker, Inc. (NYSE: SWK) with a Buy rating. The price target is set to $145. Stanley Black & Decker shares closed at $132.58 on Tuesday.
• Nomura initiated coverage on Owens Corning (NYSE: OC) with a Buy rating. The price target is set to $74. Owens Corning shares closed at $61.03 on Tuesday.
• Analysts at Nomura initiated coverage on Mueller Water Products, Inc. (NYSE: MWA) with a Buy rating. The price target is set to $15. Mueller Water Products shares closed at $11.89 on Tuesday.