Benzinga's Top Upgrades, Downgrades For June 6, 2017

Top Upgrades

• Wells Fargo upgraded Tenet Healthcare Corp THC from Market Perform to Outperform. Tenet Healthcare shares rose 1.26 percent to $16.88 in pre-market trading.
• Analysts at UBS upgraded PACCAR Inc PCAR from Neutral to Buy. PACCAR shares dropped 1.31 percent to close at $62.32 on Monday.
• Analysts at Bank of America upgraded Old Dominion Freight Line ODFL from Underperform to Neutral. Old Dominion Freight shares rose 1.22 percent to close at $91.38 on Monday.
• Telsey Advisory Group upgraded Belmond Ltd BEL from Market Perform to Outperform. Belmond shares fell 1.17 percent to close at $12.70 on Monday.
• Analysts at BMO Capital upgraded bluebird bio Inc BLUE from Market Perform to Outperform. bluebird shares gained 1.10 percent to $92.30 in pre-market trading.
• Longbow Research upgraded IPG Photonics Corporation IPGP from Neutral to Buy. IPG Photonics shares gained 0.67 percent to $142.00 in pre-market trading.
• Analysts at Argus upgraded Dunkin Brands Group Inc DNKN from Hold to Buy. Dunkin' Brands shares rose 0.70 percent to $59.25 in pre-market trading.

Top Downgrades

• Macquarie downgraded Interpublic Group of Companies Inc IPG from Outperform to Neutral. Interpublic shares slipped 0.44 percent to close at $24.95 on Monday.
• Goldman Sachs downgraded ITT Inc. ITT from Buy to Neutral. ITT shares fell 0.62 percent to close at $39.84 on Monday.
• Societe Generale downgraded Cognizant Technology Solutions Corp CTSH from Buy to Hold. Cognizant shares rose 0.13 percent to close at $67.56 on Monday.
• Macquarie downgraded Omnicom Group Inc. OMC from Outperform to Neutral. Omnicom shares slipped 0.79 percent to $83.75 in pre-market trading.
• Bank of America downgraded ArcelorMittal SA (ADR) MT from Buy to Underperform. Arcelor Mittal shares fell 3.30 percent to $20.49 in pre-market trading.

Top Initiations

• Chardan Capital initiated coverage on Castlight Health Inc CSLT with a Buy rating. The price target for Castlight Health is set to $4.50. Castlight Health shares closed at $3.70 on Monday.
• Analysts at Wunderlich initiated coverage of Veritone Inc VERI with a Buy rating. The price target for Veritone is set to $18. Veritone shares closed at $13.07 on Monday.
• Ladenburg Thalmann initiated coverage of Catalyst Biosciences Inc CBIO with a Buy rating. The price target for Catalyst Biosciences is set to $11. Catalyst Biosciences shares closed at $4.17 on Monday.
• Analysts at Goldman Sachs initiated coverage on Gardner Denver Holdings Inc GDI with a Buy rating. The price target for Gardner Denver is set to $27. Gardner Denver shares closed at $22.63 on Monday.
• Bank of America initiated coverage on Medidata Solutions Inc MDSO with a Buy rating. The price target for Medidata Solutions is set to $85. Medidata Solutions shares closed at $73.27 on Monday.
• Analysts at Deutsche Bank initiated coverage on Hartford Financial Services Group Inc HIG with a Buy rating. The price target for Hartford Financial is set to $60. Hartford Financial shares closed at $49.45 on Monday.
• Analysts at Piper Jaffray initiated coverage on Solaris Oilfield Infrastructure Inc SOI with an Overweight rating. The price target for Solaris Oilfield Infrastructure is set to $15.50. Solaris Oilfield Infrastructure shares closed at $11.56 on Monday.
• Stephens & Co. initiated coverage on Guaranty Bancshares, Inc. GNTY with an Equal-Weight rating. The price target for Guaranty Bancshares is set to $35. Guaranty Bancshares shares closed at $33.23 on Monday.
• Analysts at Stifel Nicolaus initiated coverage on NOW Inc DNOW with a Buy rating. The price target for NOW is set to $21. NOW shares closed at $17.70 on Monday.
• Barclays initiated coverage on Tyson Foods, Inc. TSN with an Overweight rating. The price target for Tyson Foods is set to $70. Tyson Foods shares closed at $58.27 on Monday.