Market Overview

Benzinga's Top Upgrades, Downgrades For January 2, 2018

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Top Upgrades

  • Analysts at JP Morgan upgraded Stryker Corporation (NYSE: SYK) from Neutral to Overweight. Stryker shares rose 1.39 percent to $157.00 in pre-market trading.
  • Wells Fargo upgraded Illumina, Inc. (NASDAQ: ILMN) from Market Perform to Outperform. Illumina shares rose 1.61 percent to $222.00 in pre-market trading.
  • Analysts at Morgan Stanley upgraded Abbott Laboratories (NYSE: ABT) from Equal-Weight to Overweight. Abbott shares gained 2.51 percent to $58.50 in pre-market trading.
  • Macquarie upgraded Netflix, Inc. (NASDAQ: NFLX) from Neutral to Outperform. Netflix shares gained 1.57 percent to $194.98 in pre-market trading.
  • Analysts at Wells Fargo upgraded Lennar Corporation (NYSE: LEN) from Market Perform to Outperform. Lennar shares fell 0.89 percent to close at $63.24 on Friday.
  • Analysts at Baird upgraded L Brands Inc (NYSE: LB) from Neutral to Outperform. L Brands shares rose 1.08 percent to $60.87 in pre-market trading.
  • Macquarie upgraded Walt Disney Co (NYSE: DIS) from Neutral to Outperform. Disney shares rose 0.73 percent to $108.30 in pre-market trading.
  • Longbow Research upgraded Timken Co (NYSE: TKR) from Neutral to Buy. Timken shares rose 0.20 percent to close at $49.15 on Friday.
  • Analysts at RBC Capital upgraded Incyte Corporation (NASDAQ: INCY) from Sector Perform to Outperform. Incyte shares rose 2.41 percent to $96.99 in pre-market trading.
  • Jefferies upgraded Genesco Inc. (NYSE: GCO) from Hold to Buy. Genesco shares closed at $32.50 on Friday.


Top Downgrades

  • Analysts at JP Morgan downgraded Johnson & Johnson (NYSE: JNJ) from Overweight to Neutral. Johnson & Johnson shares fell 0.23 percent to $139.40 in pre-market trading.
  • Jefferies downgraded Planet Fitness Inc (NYSE: PLNT) from Buy to Hold. Planet Fitness shares fell 3.03 percent to $33.58 in pre-market trading.
  • Keefe Bruyette & Woods downgraded Allstate Corp (NYSE: ALL) from Market Perform to Underperform. Allstate shares fell 0.18 percent to close at $104.71 on Friday.
  • Analysts at Leerink Swann downgraded Sucampo Pharmaceuticals (NASDAQ: SCMP) from Outperform to Market Perform. Sucampo Pharmaceuticals shares fell 0.18 percent to close at $104.71 on Friday.
  • RBC Capital downgraded Merus NV (NASDAQ: MRUS) from Outperform to Sector Perform. Merus climbed 13.15 percent to close at $18.84 on Friday.
  • Raymond James downgraded Cabot Oil & Gas Corporation (NYSE: COG) from Outperform to Underperform. Cabot Oil shares fell 1.75 percent to $28.10 in pre-market trading.
  • Citigroup downgraded Lululemon Athletica inc. (NASDAQ: LULU) from Buy to Neutral. Lululemon shares closed at $78.59 on Friday.
  • Macquarie downgraded Viacom, Inc. (NASDAQ: VIAB) from Neutral to Underperform. Viacom shares dropped 0.78 percent to $30.57 in pre-market trading.
  • Morgan Stanley downgraded Hill-Rom Holdings, Inc. (NYSE: HRC) from Overweight to Equal-Weight. Hill-Rom shares fell 1.16 percent to close at $84.29 on Friday.
  • Guggenheim downgraded PG&E Corporation (NYSE: PCG) from Neutral to Sell. PG&E shares rose 0.02 percent to close at $44.83 on Friday.


Top Initiations

  • JP Morgan initiated coverage on Quanterix Corp (NASDAQ: QTRX) with an Overweight rating. The price target for Quanterix is set to $24. Quanterix shares closed at $21.47 on Friday.
  • Evercore ISI Group initiated coverage on Denali Therapeutics Inc. (NASDAQ: DNLI) with an Outperform rating. The price target for Denali Therapeutics is set to $23. Denali Therapeutics shares closed at $15.64 on Friday.
  • BMO Capital initiated coverage on Delphi Technologies PLC (NYSE: DLPH) with an Outperform rating. The price target for Delphi Technologies is set to $73. Delphi Technologies shares closed at $52.47 on Friday.
  • Analysts at Cowen & Co. initiated coverage on Odonate Therapeutics Inc (NASDAQ: ODT) with an Outperform rating. Odonate Therapeutics shares closed at $25.00 on Friday.
  • DA Davidson initiated coverage on Luther Burbank Corp (NASDAQ: LBC) with a Neutral rating. The price target for Luther Burbank is set to $13. Luther Burbank shares closed at $12.04 on Friday.
  • Analysts at Jefferies initiated coverage on Curo Group Holdings Corp (NYSE: CURO) with a Buy rating. The price target for Curo Group is set to $19. Curo Group shares closed at $14.08 on Friday.
  • Analysts at BTIG Research initiated coverage on Quanterix Corp (NASDAQ: QTRX) with a Buy rating. The price target for Quanterix is set to $26. Quanterix shares closed at $21.47 on Friday.

Posted-In: Initiations top upgradesUpgrades Downgrades Initiation Pre-Market Outlook Analyst Ratings

 

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StockFirmActionPT
AMTDMorgan StanleyUpgrades65.0
APOMorgan StanleyDowngrades34.0
ARMKBairdUpgrades44.0
CGMorgan StanleyDowngrades23.0
EIXEdward JonesDowngrades0.0
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