Benzinga's Top Upgrades, Downgrades For March 7, 2017

Top Upgrades

• Evercore ISI Group upgraded Targa Resources Corp (NYSE: TRGP) from In-Line to Outperform. Targa Resources shares gained 0.40 percent to close at $58.32 on Monday.
• Analysts at Benchmark upgraded Pegasystems Inc. (NASDAQ: PEGA) from Hold to Buy. Pegasystems shares rose 0.80 percent to $43.85 in pre-market trading.
• Analysts at William Blair upgraded SunOpta, Inc. (USA) (NASDAQ: STKL) from Market Perform to Outperform. SunOpta shares closed at $6.90 on Monday.
• Analysts at Canaccord Genuity upgraded Bill Barrett Corporation (NYSE: BBG) from Hold to Buy. Bill Barrett shares rose 4.89 percent to $5.15 in pre-market trading.
• Morgan Stanley upgraded Hyatt Hotels Corporation (NYSE: H) from Underweight to Equal-Weight. Hyatt shares fell 0.66 percent to close at $51.48 on Monday.
• Analysts at Goldman Sachs upgraded Stericycle Inc (NASDAQ: SRCL) from Sell to Neutral. Stericycle shares slipped 1.09 percent to close at $79.85 on Monday.
• Janney Capital upgraded Foundation Medicine Inc (NASDAQ: FMI) from Sell to Neutral. Foundation Medicine shares gained 2.56 percent to $32.10 in pre-market trading.
• Analysts at Capital One Financial upgraded Weatherford International Plc (NYSE: WFT) from Equal-Weight to Overweight. Weatherford shares rose 17.15 percent to $6.90 in pre-market trading.

Top Downgrades

• RBC Capital downgraded Casey's General Stores Inc (NASDAQ: CASY) from Outperform to Sector Perform. Casey's shares slipped 5.2 percent to $108.25 in pre-market trading.
• Analysts at Citigroup downgraded Ascena Retail Group Inc (NASDAQ: ASNA) from Neutral to Sell. Ascena Retail shares fell 2.44 percent to $4.39 in pre-market trading.
• Imperial Capital downgraded Diebold Nixdorf Inc (NYSE: DBD) from Outperform to In-Line. Diebold shares fell 1.90 percent to close at $31.00 on Monday.
• Bank of America downgraded Frontier Communications Corp (NASDAQ: FTR) from Buy to Neutral. Frontier Communications shares fell 2.9 percent to $2.68 in pre-market trading.
• Oppenheimer downgraded Neuroderm Ltd (NASDAQ: NDRM) from Outperform to Perform. NeuroDerm shares fell 1.56 percent to $28.35 in pre-market trading.
• Analysts at Jefferies downgraded Oncobiologics Inc (NASDAQ: ONS) from Buy to Hold. Oncobiologics shares rose 6.90 percent to close at $3.10 on Monday.
• Analysts at Stifel Nicolaus downgraded Black Diamond Inc (NASDAQ: BDE) from Buy to Hold. Black Diamond shares rose 1.79 percent to close at $5.70 on Monday.
• Jefferies downgraded Valero Energy Partners LP (NYSE: VLP) from Buy to Hold. Valero Energy shares fell 0.90 percent to $48.36 in pre-market trading.

Top Initiations

• Analysts at SunTrust Robinson Humphrey initiated coverage on Foundation Building Materials Inc (NYSE: FBM) with a Buy rating. The price target for Foundation Building is set to $23. Foundation Building shares closed at $16.51 on Monday.
• Analysts at Ladenburg Thalmann initiated coverage on Leap Therapeutics Inc (NASDAQ: LPTX) with a Buy rating. . The price target for Leap Therapeutics is set to $18. Leap Therapeutics shares closed at $7.85 on Monday.
• Analysts at Rodman & Renshaw initiated coverage on Fibrocell Science Inc (NASDAQ: FCSC) with a Buy rating. The price target for Fibrocell Science is set to $2. Fibrocell Science shares closed at $0.670 on Monday.
• Analysts at Argus Research initiated coverage on Coca-Cola European Partners plc (NYSE: CCE) with a Buy rating. The price target for Coca-Cola European Partners is set to $44. Coca-Cola European Partners shares closed at $34.94 on Monday.
• Analysts at Bernstein initiated coverage on Agrium Inc. (USA) (NYSE: AGU) with an Outperform rating. The price target for Agrium is set to $119. Agrium shares closed at $94.84 on Monday.
• Analysts at Needham initiated coverage of Teleflex Incorporated (NYSE: TFX) with a Buy rating. The price target for Teleflex is set to $221. Teleflex shares closed at $193.01 on Monday.
• Analysts at Jefferies initiated coverage of Cloud Peak Energy Inc. (NYSE: CLD) with a Hold rating. The price target for Cloud Peak Energy is set to $5. Cloud Peak Energy shares closed at $4.45 on Monday.
• Analysts at Barclays initiated coverage on Foundation Building Materials Inc (NYSE: FBM) with an Overweight rating. The price target for Foundation Building Materials is set to $19. Foundation Building shares closed at $16.51 on Monday.