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

Top Upgrades

• Analysts at Goldman Sachs upgraded Microsemi Corporation (NASDAQ: MSCC) from Neutral to Buy. Microsemi shares rose 1.37 percent to close at $47.33 on Wednesday.
• Analysts at Longbow Research upgraded Buffalo Wild Wings (NASDAQ: BWLD) from Underperform to Neutral. Buffalo Wild Wings shares fell 3.32 percent to close at $123.90 on Wednesday.
• RBC Capital upgraded ImmunoGen, Inc. (NASDAQ: IMGN) from Sector Perform to Outperform. Immunogen shares gained 5.48 percent to $7.70 in pre-market trading.
• Bernstein upgraded Schlumberger Limited (NYSE: SLB) from Market Perform to Outperform. Schlumberger shares gained 0.78 percent to $66.25 in pre-market trading.
• Analysts at Raymond James upgraded Precision Drilling Corp (USA) (NYSE: PDS) from Outperform to Strong Buy. Precision Drilling shares fell 9.22 percent to close at $3.15 on Wednesday.
• Needham upgraded CECO Environmental Corp. (NASDAQ: CECE) from Buy to Strong Buy. CECO Environmental shares gained 2.31 percent to $9.73 in pre-market trading.

Top Downgrades

• Analysts at Morgan Stanley downgraded AutoZone, Inc. (NYSE: AZO) from Overweight to Equal-Weight. AutoZone shares fell 0.24 percent to $515.59 in pre-market trading.
• Credit Suisse downgraded O'Reilly Automotive Inc (NASDAQ: ORLY) from Outperform to Neutral. O'Reilly shares fell 0.43 percent to $178.00 in pre-market trading.
• Goldman Sachs downgraded Amphenol Corporation (NYSE: APH) from Buy to Neutral. Amphenol shares rose 0.92 percent to close at $73.77 on Wednesday.
• Analysts at BMO Capital downgraded Barrick Gold Corp (USA) (NYSE: ABX) from Outperform to Market Perform. Barrick Gold shares fell 0.13 percent to $15.92 in pre-market trading.
• Bernstein downgraded ConocoPhillips (NYSE: COP) from Outperform to Market Perform. ConocoPhillips shares slipped 0.02 percent to $44.15 in pre-market trading.
• Stifel Nicolaus downgraded Patterson Companies, Inc. (NASDAQ: PDCO) from Hold to Sell. Patterson shares dropped 5.12 percent to $45.00 in pre-market trading.
• Scotiabank downgraded Norfolk Southern Corp. (NYSE: NSC) from Sector Outperform to Sector Perform. Norfolk Southern shares dropped 0.49 percent to close at $122.67 on Wednesday.
• JMP Securities downgraded Parkway Inc (NYSE: PKY) from Market Outperform to Market Perform. Parkway shares dropped 0.35 percent to $22.73 in pre-market trading.
• Bernstein downgraded Devon Energy Corp (NYSE: DVN) from Outperform to Market Perform. Devon Energy shares rose 1.29 percent to $31.50 in pre-market trading.
• UBS downgraded Equity Residential (NYSE: EQR) from Buy to Neutral. Equity Residential shares gained 0.32 percent to close at $66.78 on Wednesday.

Top Initiations

• Deutsche Bank initiated coverage of MKS Instruments, Inc. (NASDAQ: MKSI) with a Buy rating. The price target for MKS Instruments is set to $84. MKS Instruments shares closed at $68.15 on Wednesday.
• Analysts at Oppenheimer initiated coverage on Altaba Inc (NASDAQ: AABA) with an Outperform rating. The price target for Altaba is set to $75. Altaba shares closed at $55.62 on Wednesday.
• Argus initiated coverage on Skyworks Solutions Inc (NASDAQ: SWKS) with a Buy rating. The price target for Skyworks Solutions is set to $120. Skyworks Solutions shares closed at $97.53 on Wednesday.
• DA Davidson initiated coverage on Chemical Financial Corporation (NASDAQ: CHFC) with a Buy rating. The price target for Chemical Financial is set to $58. Chemical Financial shares closed at $49 on Wednesday.
• Analysts at SunTrust Robinson Humphrey initiated coverage on At Home Group Inc (NYSE: HOME) with a Buy rating. The price target for At Home is set to $28. At Home shares closed at $23.47 on Wednesday.
• Analysts at DA Davidson initiated coverage on Mercantile Bank Corp. (NASDAQ: MBWM) with a Neutral rating. The price target for Mercantile Bank is set to $35. Mercantile Bank shares closed at $32.56 on Wednesday.
• Raymond James initiated coverage on Nike Inc (NYSE: NKE) with an Outperform rating. The price target for Nike is set to $71. Nike shares closed at $57.56 on Wednesday.
• KeyBanc initiated coverage on Packaging Corp Of America (NYSE: PKG) with a Sector Weight rating. Packaging Corp shares closed at $111.89 on Wednesday.
• Analysts at Cantor Fitzgerald initiated coverage of Genesis Healthcare Inc (NYSE: GEN) with an Overweight rating. The price target for Genesis Healthcare is set to $7. Genesis Healthcare shares closed at $1.64 on Wednesday.
• Analysts at Berenberg initiated coverage on Univar Inc (NYSE: UNVR) with a Sell rating. The price target for Univar is set to $24. Univar shares closed at $28.59 on Wednesday.