Benzinga's Top Upgrades, Downgrades For January 11, 2017

Top Upgrades

• Analysts at Bernstein upgraded Paychex, Inc. PAYX from Underperform to Market Perform. Paychex shares fell 0.34 percent to close at $60.81 on Tuesday.
• Citigroup upgraded Keryx Biopharmaceuticals KERX from Sell to Neutral. Keryx Biopharmaceuticals shares rose 4.84 percent to $6.50 in pre-market trading.
• Raymond James upgraded Visteon Corp VC from Market Perform to Outperform. Visteon shares rose 5.90 percent to close at $86.53 on Tuesday.
• Analysts at Wells Fargo upgraded Williams Partners LP WPZ from Market Perform to Outperform. Williams Partners shares dropped 0.13 percent to close at $38.62 on Tuesday.
• UBS upgraded Zions Bancorp ZION from Sell to Neutral. Zions Bancorp shares rose 1.54 percent to close at $43.56 on Tuesday.
• Analysts at Exane BNP Paribas upgraded Eni SpA (ADR) E from Underperform to Neutral. ENI shares dropped 0.03 percent to $32.77 in pre-market trading.
• Morgan Stanley upgraded BT Group plc (ADR) BT from Equal-Weight to Overweight. BT Group shares rose 2.67 percent to $24.58 in pre-market trading.
• UBS upgraded Coca-Cola European Partners plc CCE from Neutral to Buy. Coca-Cola European Partners shares rose 2.86 percent to $32.40 in pre-market trading.

Top Downgrades

• Credit Suisse downgraded VCA Inc WOOF from Outperform to Neutral. VCA shares rose 0.04 percent to close at $90.83 on Tuesday.
• Citigroup downgraded Duke Energy Corp DUK from Neutral to Sell. Duke Energy shares fell 0.33 percent to $76.25 in pre-market trading.
• Analysts at UBS downgraded Bank of America Corp BAC from Buy to Neutral. Bank of America shares dropped 0.31 percent to $22.87 in pre-market trading.
• Barclays downgraded Williams Companies Inc WMB from Overweight to Equal-Weight. Williams shares rose 0.49 percent to $28.64 in pre-market trading.
• Deutsche Bank downgraded AT&T Inc. T from Buy to Hold. AT&T shares fell 0.42 percent to $40.64 in pre-market trading.
• Analysts at Wells Fargo downgraded Western Refining Logistics LP WNRL from Outperform to Market Perform. Western Refining shares rose 0.94 percent to close at $21.50 on Tuesday.
• UBS downgraded M&T Bank Corporation MTB from Neutral to Sell. M&T Bank shares gained 0.47 percent to close at $156.70 on Tuesday.
• Analysts at Baird downgraded Sunstone Hotel Investors Inc SHO from Outperform to Neutral. Sunstone Hotel Investors shares dropped 0.13 percent to close at $14.94 on Tuesday.

Top Initiations

• Analysts at Bernstein initiated coverage on Baidu Inc (ADR) BIDU with an Underperform rating. The price target for Baidu is set to $150. Baidu shares closed at $180.31 on Tuesday.
• Analysts at UBS initiated coverage of JPMorgan Chase & Co. JPM with a Buy rating. The price target for JPMorgan is set to $98. JPMorgan shares closed at $86.43 on Tuesday.
• Analysts at Canaccord Genuity initiated coverage on Park Hotels & Resorts Inc PK with a Buy rating. The price target for Park Hotels & Resorts is set to $30. Park Hotels & Resorts shares closed at $29.22 on Tuesday.
• Analysts at Raymond James initiated coverage on Wildhorse Resource Development Corp WRD with a Strong Buy rating. The price target for Wildhorse Resource Development is set to $24. Wildhorse Resource Development shares closed at $14.51 on Tuesday.
• Analysts at UBS initiated coverage on SunTrust Banks, Inc. STI with a Neutral rating. The price target for SunTrust Banks is set to $58. SunTrust Banks shares closed at $55.70 on Tuesday.
• Analysts at Bernstein initiated coverage on Alibaba Group Holding Ltd BABA with an Outperform rating. The price target for Alibaba is set to $117. Alibaba shares closed at $96.75 on Tuesday.
• Analysts at Bernstein initiated coverage on Ctrip.Com International Ltd (ADR) CTRP with a Market Perform rating. The price target for Ctrip.Com is set to $41. Ctrip.Com shares closed at $43.71 on Tuesday.
• UBS initiated coverage on BB&T Corporation BBT with a Neutral rating. The price target for BB&T is set to $49. BB&T shares closed at $46.66 on Tuesday.