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

Top Upgrades

  • Credit Suisse upgraded Canadian Imperial Bank of Commerce (USA) 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 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) 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 HUBS from Neutral to Buy. HubSpot shares gained 0.09 percent to close at $58.20 on Thursday.
  • Wedbush upgraded Owens Corning 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 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) CX from Neutral to Buy. Cemex shares closed at $8.82 on Thursday.


Top Downgrades

  • Analysts at Imperial Capital downgraded Verint Systems Inc. VRNT from Outperform to In-Line. Verint shares rose 1.26 percent to close at $44.05 on Thursday.
  • Citigroup downgraded Corning Incorporated GLW from Buy to Neutral. Corning shares fell 0.91 percent to $27.31 in pre-market trading.
  • Stephens downgraded Rent-A-Center Inc 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) 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 RICE from Buy to Neutral. Rice Energy shares closed at $23.02 on Thursday.
  • Seaport downgraded Cimarex Energy Co 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 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 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 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 PNM with a In-Line rating. PNM Resources shares closed at $37.00 on Thursday.
  • Analysts at Loop Capital initiated coverage of Alphabet Inc 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 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 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 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 SNAP with a Market Perform rating. Snap shares closed at $22.23 on Thursday.
  • Macquarie initiated coverage on Intel Corporation INTC with a Market Outperform rating. Amazon.com shares closed at $35.75 on Thursday.
  • Macquarie initiated coverage on Micron Technology, Inc. MU with a Outperform rating. Micron shares closed at $28.97 on Thursday.

Posted In: DowngradesInitiationstop upgradesUpgradesDowngradesInitiationAnalyst Ratings

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