Benzinga's Top Upgrades, Downgrades For January 26, 2017

Top Upgrades

• Analysts at Deutsche Bank upgraded W W Grainger Inc (NYSE: GWW) from Sell to Hold. Grainger shares rose 1.61 percent to close at $253.11 on Wednesday.
• Citigroup upgraded International Paper Co (NYSE: IP) from Neutral to Buy. International Paper shares rose 3.74 percent to close at $57.99 on Wednesday.
• Analysts at Oppenheimer upgraded Estee Lauder Companies Inc (NYSE: EL) from Perform to Outperform. Estee Lauder shares gained 1.51 percent to close at $82.01 on Wednesday.
• Piper Jaffray upgraded Clovis Oncology Inc (NASDAQ: CLVS) from Neutral to Overweight. Clovis Oncology shares rose 2.72 percent to $60.01 in pre-market trading.
• Analysts at Bank of America upgraded Scientific Games Corp (NASDAQ: SGMS) from Underperform to Buy. Scientific Games shares gained 1.47 percent to $17.25 in pre-market trading.
• Stifel upgraded Meritor Inc (NYSE: MTOR) from Hold to Buy. Meritor shares gained 2.47 percent to $14.96 in pre-market trading.
• UBS upgraded WGL Holdings Inc (NYSE: WGL) from Sell to Neutral. WGL Holdings shares gained 3.45 percent to $81.50 in pre-market trading.
• FBR Capital upgraded Banc of California Inc (NYSE: BANC) from Market Perform to Outperform. Banc of California shares rose 4.35 percent to $15.60 in pre-market trading.

Top Downgrades

• Wells Fargo downgraded Johnson & Johnson (NYSE: JNJ) from Outperform to Market Perform. Johnson & Johnson shares fell 0.44 percent to $112.30 in pre-market trading.
• MKM Partners downgraded Mattel, Inc. (NASDAQ: MAT) from Buy to Neutral. Mattel shares dropped 13.6 percent to $27.28 in pre-market trading.
• Argus Research downgraded United Technologies Corporation (NYSE: UTX) from Buy to Hold. United Technologies shares fell 0.87 percent to $110.00 in pre-market trading.
• Argus Research downgraded State Street Corp (NYSE: STT) from Buy to Hold. State Street shares rose 0.06 percent to $77.85 in perform.
• Jefferies downgraded Arctic Cat Inc (NASDAQ: ACAT) from Buy to Hold. Arctic Cat shares fell 0.32 percent to $18.49 in pre-market trading.
• Analysts at Monness, Crespi, Hardt downgraded Hasbro, Inc. (NASDAQ: HAS) from Buy to Neutral. Hasbro shares fell 5.49 percent to $82.00 in pre-market trading.
• CL King downgraded Heska Corp (NASDAQ: HSKA) from Buy to Neutral. Heska shares gained 0.80 percent to close at $80.49 on Wednesday.
• Analysts at Bank of America downgraded International Game Technology (NYSE: IGT) from Buy to Neutral. International Game Technology shares declined 0.82 percent to $27.89 in pre-market trading.
• Citigroup downgraded Navios Maritime Midstream Partners LP (NYSE: NAP) from Buy to Neutral. Navios Maritime shares dropped 1.73 percent to close at $11.90 on Wednesday.

Top Initiations

• Analysts at Citigroup initiated coverage of Metlife Inc (NYSE: MET) with a Sell rating. Metlife shares closed at $56.15 on Wednesday.
• Analysts at Ladenburg Thalmann initiated coverage on Microvision, Inc. (NASDAQ: MVIS) with a Buy rating. The price target for Microvision is set to $4.50. Microvision shares closed at $1.26 on Wednesday.
• Analysts at JP Morgan initiated coverage of Cognex Corporation (NASDAQ: CGNX) with a Neutral rating. Cognex shares closed at $67.62 on Wednesday.
• Analysts at Citigroup initiated coverage on Unum Group (NYSE: UNM) with a Buy rating. Unum shares closed at $46.01 on Wednesday.
• Analysts at Wells Fargo initiated coverage on Agree Realty Corporation (NYSE: ADC) with a Market Perform rating. Agree Realty shares closed at $46.58 on Wednesday.
• Analysts at Credit Suisse initiated coverage on Williams Companies Inc (NYSE: WMB) with an Outperform rating. Williams Companies shares closed at $28.81 on Wednesday.
• Analysts at Citigroup initiated coverage on Lincoln National Corporation (NYSE: LNC) with a Buy rating. Lincoln National shares closed at $69.01 on Wednesday.
• Analysts at Janney Capital initiated coverage on EQT Midstream Partners LP (NYSE: EQM) with a Buy rating. The price target for EQT Midstream Partners is set to $97. EQT Midstream Partners shares closed at $77.82 on Wednesday.