Benzinga's Top Upgrades, Downgrades For March 22, 2017

Top Upgrades

  • Berenberg upgraded Freeport-McMoRan Inc FCX from Sell to Hold. Freeport-McMoRan shares rose 0.16 percent to $12.59 in pre-market trading.
  • UBS upgraded Sunrun Inc RUN from Neutral to Buy. Sunrun shares gained 6.5 percent to $5.11 in pre-market trading.
  • Deutsche Bank upgraded BorgWarner Inc. BWA from Hold to Buy. BorgWarner shares fell 4.06 percent to close at $40.84 on Tuesday.
  • Analysts at Berenberg upgraded Teck Resources Ltd (USA) TECK from Hold to Buy. Teck Resources shares rose 0.29 percent to $20.50 in pre-market trading.
  • Wedbush upgraded LendingClub Corp LC from Underperform to Neutral. Lending Club shares rose 0.77 percent to $5.26 in pre-market trading.
  • Analysts at KeyBanc upgraded Urban Outfitters, Inc. URBN from Sector Weight to Overweight. Urban Outfitters shares gained 1.51 percent to $22.92 in pre-market trading.
  • Analysts at Credit Suisse upgraded Petroleo Brasileiro SA Petrobras (ADR) PBR from Neutral to Outperform. Petrobras shares gained 1.59 percent to $8.95 in pre-market trading.


Top Downgrades

  • Wunderlich downgraded Cinemark Holdings, Inc. CNK from Buy to Hold. Cinemark shares dropped 1.01 percent to close at $44.13 on Tuesday.
  • KeyBanc downgraded L Brands Inc LB from Sector Weight to Underweight. L Brands shares fell 2.54 percent to close at $49.18 on Tuesday.
  • Analysts at Stifel Nicolaus downgraded General Mills, Inc. GIS from Buy to Hold. General Mills shares fell 0.44 percent to $59.50 in pre-market trading.
  • Analysts at Citigroup downgraded Kate Spade & Co KATE from Buy to Neutral. Kate Spade shares fell 0.22 percent to $22.74 in pre-market trading.
  • Morgan Stanley downgraded American Airlines Group Inc AAL from Overweight to Equal-Weight. American Airlines shares declined 0.22 percent to $22.74 in pre-market trading.
  • Analysts at Goldman Sachs downgraded Frontier Communications Corp FTR from Neutral to Sell. Frontier Communications shares dropped 7.2 percent to $2.19 in pre-market trading.
  • Barclays downgraded Sirius XM Holdings Inc. SIRI from Overweight to Equal-Weight. Sirius XM shares slipped 0.39 percent to $5.17 in pre-market trading.
  • Cowen downgraded TransDigm Group Incorporated TDG from Outperform to Market Perform. TransDigm shares declined 1.91 percent to $220.50 in pre-market trading.


Top Initiations

  • Analysts at Drexel Hamilton initiated coverage on Snap Inc SNAP with a Buy rating. The price target for Snap is set to $30. Snap shares closed at $20.38 on Tuesday.
  • Analysts at JMP Securities initiated coverage on Idera Pharmaceuticals Inc IDRA with a Market Outperform rating. The price target for Idera Pharmaceuticals is set to $8. Idera Pharmaceuticals shares closed at $2.09 on Tuesday.
  • Analysts at DA Davidson initiated coverage on Ashford Hospitality Trust, Inc. AHT with a Buy rating. The price target for Ashford Hospitality Trust is set to $8. Ashford Hospitality Trust shares closed at $5.90 on Tuesday.
  • Analysts at UBS initiated coverage of Snyder's-Lance Inc LNCE with a Neutral rating. Snyder's-Lance shares closed at $40.00 on Tuesday.
  • Analysts at Wunderlich initiated coverage on EnPro Industries, Inc. NPO with a Buy rating. The price target for EnPro Industries is set to $85. EnPro Industries shares closed at $63.57 on Tuesday.
  • Analysts at JMP Securities initiated coverage on Fortress Biotech Inc FBIO with a Market Outperform. The price target for Fortress Biotech is set to $11. Fortress Biotech shares closed at $3.43 on Tuesday.
Posted In: Consumer StaplesDowngradesInitiationsPackaged Foods & Meatstop upgradesUpgradesDowngradesInitiationAnalyst Ratings