Benzinga's Top Upgrades, Downgrades For March 9, 2017

Top Upgrades

• Deutsche Bank upgraded Telefonica S.A. (ADR) (NYSE: TEF) from Hold to Buy. Telefonica shares gained 0.84 percent to $10.78 in pre-market trading.
• Analysts at Baird upgraded ABM Industries, Inc. (NYSE: ABM) from Neutral to Outperform. ABM shares rose 5.67 percent to close at $42.50 on Wednesday.
• Analysts at Citigroup upgraded Callon Petroleum Company (NYSE: CPE) from Neutral to Buy. Callon Petroleum shares fell 1.66 percent to $11.25 in pre-market trading.
• Analysts at Cowen & Co. upgraded Orbital ATK Inc (NYSE: OA) from Market Perform to Outperform. Orbital ATK shares rose 0.43 percent to $97.24 in pre-market trading.
• Citigroup upgraded AMEC Foster Wheeler plc (NYSE: AMFW) from Neutral to Buy. AMEC Foster Wheeler shares slipped 1.24 percent to $5.58 in pre-market trading.
• BMO Capital upgraded Greif, Inc. (NYSE: GEF) from Underperform to Market Perform. Greif shares dropped 0.94 percent to close at $52.89 on Wednesday.
• Analysts at Mizuho upgraded Himax Technologies, Inc. (ADR) (NASDAQ: HIMX) from Neutral to Buy. Himax shares gained 3.13 percent to $7.90 in pre-market trading.
• Analysts at Needham upgraded Tech Data Corp (NASDAQ: TECD) from Hold to Buy. Tech Data shares fell 4.19 percent to close at $89.87 on Wednesday.

Top Downgrades

• Mizuho downgraded Guess?, Inc. (NYSE: GES) from Neutral to Underperform. Guess? shares slipped 2.32 percent to $12.20 in pre-market trading.
• UBS downgraded Gilead Sciences, Inc. (NASDAQ: GILD) from Buy to Neutral. Gilead Sciences shares dropped 0.43 percent to $69.40 in pre-market trading.
• Analysts at JP Morgan downgraded CVR Refining LP (NYSE: CVRR) from Overweight to Neutral. CVR Refining shares fell 2.76 percent to $10.40 in pre-market trading.
• Analysts at Mizuho downgraded DSW Inc. (NYSE: DSW) from Buy to Neutral. DSW shares declined 1.75 percent to $20.25 in pre-market trading.
• UBS downgraded Travelport Worldwide Ltd (NYSE: TVPT) from Buy to Neutral. Travelport Worldwide shares rose 0.08 percent to close at $12.10 on Wednesday.
• Analysts at Mizuho downgraded Express, Inc. (NYSE: EXPR) from Buy to Neutral. Express shares fell 0.21 percent to $9.49 in pre-market trading.
• Leerink Swann downgraded Ascendis Pharma A/S (NASDAQ: ASND) from Outperform to Market Perform. Ascendis Pharma shares rose 1.43 percent to close at $29.70 on Wednesday.
• Mizuho downgraded Finish Line Inc (NASDAQ: FINL) from Buy to Neutral. Finish Line shares rose 3.81 percent to close at $16.64 on Wednesday.

Top Initiations

• Analysts at Wells Fargo initiated coverage on Skyworks Solutions Inc (NASDAQ: SWKS) with an Outperform rating. Skyworks Solutions shares closed at $96.69 on Wednesday.
• Analysts at UBS initiated coverage on Amgen, Inc. (NASDAQ: AMGN) with a Neutral rating. The price target for Amgen is set to $185. Amgen shares closed at $177.78 on Wednesday.
• Analysts at Barclays initiated coverage on Versartis Inc (NASDAQ: VSAR) with an Overweight rating. The price target for Versartis is set to $28. Versartis shares closed at $20.20 on Wednesday.
• Analysts at JP Morgan initiated coverage on Mercury Systems Inc (NASDAQ: MRCY) with an Overweight rating. The price target for Mercury Systems is set to $48. Mercury Systems shares closed at $37.37 on Wednesday.
• Analysts at UBS initiated coverage of Regeneron Pharmaceuticals Inc (NASDAQ: REGN) with a Buy rating. The price target for Regeneron Pharmaceuticals is set to $435. Regeneron Pharmaceuticals shares closed at $381.37 on Wednesday.
• Analysts at B. Riley initiated coverage on Shoe Carnival, Inc. (NASDAQ: SCVL) with a Neutral rating. The price target for Shoe Carnival is set to $26. Shoe Carnival shares closed at $25.70 on Wednesday.
• Analysts at UBS initiated coverage of Incyte Corporation (NASDAQ: INCY) with a Neutral rating. The price target for Incyte is set to $140. Incyte shares closed at $136.00 on Wednesday.
• Analysts at Guggenheim initiated coverage on Gap Inc (NYSE: GPS) with a Neutral rating. Gap shares closed at $24.23 on Wednesday.
• JMP Securities initiated coverage on Itron, Inc. (NASDAQ: ITRI) with a Market Outperform rating. The price target for Itronis set to $75.Itronshares closed at $58.70 on Wednesday.
• Guggenheim initiated coverage on Ascena Retail Group Inc (NASDAQ: ASNA) with a Neutral rating. Ascena Retail shares closed at $4.56 on Wednesday.