Benzinga's Top Upgrades, Downgrades For March 31, 2017

Top Upgrades

• Credit Suisse upgraded Canadian Imperial Bank of Commerce (USA) (NYSE: CM) from Underperform to Neutral. Canadian Imperial Bank of Commerce shares dropped 2.97 percent to close at $85.31 on Thursday.
• Analysts at BMO Capital upgraded Alcoa Corp (NYSE: AA) from Market Perform to Outperform. Alcoa shares rose 1.94 percent to $34.14 in pre-market trading.
• BMO Capital upgraded Vale SA (ADR) (NYSE: VALE) from Underperform to Market Perform. VALE shares fell 0.16 percent to $9.53 in pre-market trading.
• Analysts at BTIG Research upgraded HubSpot Inc (NYSE: HUBS) from Neutral to Buy. HubSpot shares gained 0.09 percent to close at $58.20 on Thursday.
• Wedbush upgraded Owens Corning (NYSE: OC) from Neutral to Outperform. Owens-Corning shares gained 5.67 percent to $64.45 in pre-market trading.
• BMO Capital upgraded Fortuna Silver Mines Inc (NYSE: FSM) from Market Perform to Outperform. Fortuna Silver Mines shares fell 1.21 percent to close at $4.90 on Thursday.
• Analysts at Longbow Research upgraded Cemex SAB de CV (ADR) (NYSE: CX) from Neutral to Buy. Cemex shares closed at $8.82 on Thursday.

Top Downgrades

• Analysts at Imperial Capital downgraded Verint Systems Inc. (NASDAQ: VRNT) from Outperform to In-Line. Verint shares rose 1.26 percent to close at $44.05 on Thursday.
• Citigroup downgraded Corning Incorporated (NYSE: GLW) from Buy to Neutral. Corning shares fell 0.91 percent to $27.31 in pre-market trading.
• Stephens downgraded Rent-A-Center Inc (NASDAQ: RCII) from Equal Weight to Underweight. Rent-A-Center shares closed at $9.30 on Thursday.
• Analysts at BMO Capital downgraded Pan American Silver Corp. (USA) (NASDAQ: PAAS) from Outperform to Market Perform. Pan Am Silver shares fell 0.74 percent to $17.37 in pre-market trading.
• Analysts at Seaport downgraded Rice Energy Inc (NYSE: RICE) from Buy to Neutral. Rice Energy shares closed at $23.02 on Thursday.
• Seaport downgraded Cimarex Energy Co (NYSE: XEC) from Buy to Neutral. Cimarex Energy shares rose 0.05 percent to close at $121.08 on Thursday.
• Wedbush downgraded Jeld-Wen Holding Inc (NYSE: JELD) from Outperform to Neutral. JELD-WEN shares closed at $33.05 on Thursday.

Top Initiations

• Analysts at Citigroup initiated coverage on Viper Energy Partners LP (NYSE: VNOM) with a Buy rating. The price target for Viper Energy Partners is set to $20. Viper Energy Partners shares closed at $17.63 on Thursday.
• Analysts at Benchmark initiated coverage on Select Medical Holdings Corporation (NYSE: SEM) with a Buy rating. The price target for Select Medical is set to $16. Select Medical shares closed at $13.20 on Thursday.
• Analysts at Evercore ISI Group initiated coverage on PNM Resources Inc (NYSE: PNM) with a In-Line rating. PNM Resources shares closed at $37.00 on Thursday.
• Analysts at Loop Capital initiated coverage of Alphabet Inc (NASDAQ: GOOGL) with a Hold rating. The price target for Alphabet is set to $800. Alphabet shares closed at $849.48 on Thursday.
• Analysts at Berenberg initiated coverage on Lear Corporation (NYSE: LEA) with a Buy rating. The price target for Lear is set to $175. Lear shares closed at $141.35 on Thursday.
• Analysts at HSBC initiated coverage on Johnson Controls International plc (NYSE: JCI) with a Buy rating. The price target for Johnson Controls is set to $50. Johnson Controls shares closed at $42.14 on Thursday.
• Analysts at Credit Suisse initiated coverage on Quintiles IMS Holdings Inc (NYSE: Q) with a Outperform rating. The price target for Quintiles IMS is set to $89. Quintiles IMS shares closed at $79.93 on Thursday.
• Analysts at Wells Fargo initiated coverage of Snap Inc (NYSE: SNAP) with a Market Perform rating. Snap shares closed at $22.23 on Thursday.
• Macquarie initiated coverage on Intel Corporation (NASDAQ: INTC) with a Market Outperform rating. Amazon.com shares closed at $35.75 on Thursday.
• Macquarie initiated coverage on Micron Technology, Inc. (NASDAQ: MU) with a Outperform rating. Micron shares closed at $28.97 on Thursday.