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

Top Upgrades

  • CL King upgraded John Bean Technologies Corp 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 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 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 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) CCU common stock from Hold to Neutral. Compania Cervecerias Unidas shares closed at $25.59 on Tuesday.
  • JP Morgan upgraded Embotelladora Andina SA (ADR) AKO common stock from Underweight to Overweight. Embotelladora Andina shares closed at $24.70 on Tuesday.
  • Oppenheimer upgraded GrubHub Inc 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. VRSN from Hold to Neutral. Verisign shares rose 0.48 percent to close at $88.33 in pre-market trading.
  • Citigroup upgraded HP Inc 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 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 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 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 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 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 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 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. 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. 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 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. MWA with a Buy rating. The price target is set to $15. Mueller Water Products shares closed at $11.89 on Tuesday.
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