Benzinga's Top Upgrades, Downgrades For April 18, 2017

Top Upgrades

• Bernstein upgraded McDonald's Corporation (NYSE:MCD) from Market Perform to Outperform. McDonald's shares rose 0.42 percent to $131.90 in pre-market trading.
• Raymond James upgraded Core-Mark Holding Company, Inc. (NASDAQ:CORE) from Outperform to Strong Buy. Core-Mark Holding shares fell 0.19 percent to close at $30.76 on Monday.
• Argus Research upgraded Fastenal Company (NASDAQ:FAST) from Hold to Buy. Fastenal shares fell 0.98 percent to $45.35 in pre-market trading.
• Analysts at Raymond James upgraded AFLAC Incorporated (NYSE:AFL) from Market Perform to Outperform. Aflac shares rose 0.12 percent to $73.62 in pre-market trading.
• Analysts at PiperJaffray upgraded Stratasys, Ltd. (NASDAQ:SSYS) from Neutral to Overweight. Stratasys shares gained 4.46 percent to $22.25 in pre-market trading.
• Morgan Stanley upgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) from Underweight to Equal-Weight. Check Point shares fell 0.42 percent to close at $103.10 on Monday.
• Analysts at Jefferies upgraded IAC/InterActiveCorp (NASDAQ:IAC) from Hold to Buy. IAC/InterActive shares rose 0.39 percent to close at $75.05 on Monday.

Top Downgrades

• Analysts at Piper Jaffray downgraded Cummins Inc. (NYSE:CMI) from Overweight to Neutral. Cummins shares rose 1.68 percent to close at $147.00 on Monday.
• B. Riley downgraded American Eagle Outfitters (NYSE:AEO) from Buy to Neutral. American Eagle shares dropped 1.34 percent to $13.24 in pre-market trading.
• Citigroup downgraded OCI Partners LP (NYSE:OCIP) from Neutral to Sell. OCI Partners shares fell 6.01 percent to close at $8.60 on Monday.
• Analysts at Cantor Fitzgerald downgraded Oncomed Pharmaceuticals Inc (NASDAQ:OMED) from Buy to Neutral. OncoMed Pharmaceuticals shares dropped 17.15 percent to close at $4.01 on Monday.
• Analysts at Piper Jaffray downgraded PACCAR Inc (NASDAQ:PCAR) from Overweight to Neutral. PACCAR shares dropped 0.58 percent to $64.96 in pre-market trading.
• B. Riley downgraded Tilly's Inc (NYSE:TLYS) from Buy to Neutral. Tilly's shares slipped 0.47 percent to close at $8.51 on Monday.

Top Initiations

• Analysts at Benchmark initiated coverage on Baidu Inc (ADR) (NASDAQ:BIDU) with a Buy rating. The price target for Baidu is set to $190. Baidu shares closed at $173.31 on Monday.
• Analysts at Evercore ISI Group initiated coverage on Omnicom Group Inc. (NYSE:OMC) with an In-Line rating. The price target for Omnicom is set to $91. Omnicom shares closed at $86.17 on Monday.
• Analysts at Jefferies initiated coverage on Kimberly Clark Corp (NYSE:KMB) with a Hold rating. The price target for Kimberly Clark is set to $134. Kimberly Clark shares closed at $133.37 on Monday.
• Analysts at Canaccord Genuity initiated coverage of Synacor Inc (NASDAQ:SYNC) with a Buy rating. The price target for Synacor is set to $8. Synacor shares closed at $3.55 on Monday.
• Analysts at BTIG Research initiated coverage of Splunk Inc (NASDAQ:SPLK) with a Buy rating. The price target for Splunk is set to $80. Splunk shares closed at $60.14 on Monday.
• Analysts at Goldman Sachs initiated coverage on Alteryx Inc (NYSE:AYX) with a Buy rating. The price target for Alteryx is set to $20. Alteryx shares closed at $16.28 on Monday.
• Analysts at Benchmark initiated coverage on Alibaba Group Holding Ltd (NYSE:BABA) with a Buy rating. The price target for Alibaba is set to $140. Alibaba shares closed at $111.76 on Monday.
• Jefferies initiated coverage on Colgate-Palmolive Company (NYSE:CL) with a Hold rating. The price target for Colgate-Palmolive is set to $78. Colgate-Palmolive shares closed at $74.07 on Monday.
• Analysts at Imperial Capital initiated coverage on Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) with an Outperform rating. The price target for Lindblad Expeditions is set to $12. Lindblad Expeditions shares closed at $9.12 on Monday.
• BTIG Research initiated coverage on VMware, Inc. (NYSE:VMW) with a Neutral rating. VMware shares closed at $91.33 on Monday.