Benzinga's Top Upgrades, Downgrades For January 18, 2018

Top Upgrades

  • Goldman Sachs upgraded Wal-Mart Stores Inc WMT from Neutral to Buy. Wal-Mart shares rose 1.66 percent to $104.40 in pre-market trading.
  • Evercore ISI Group upgraded Palo Alto Networks Inc PANW from In-Line to Outperform. Palo Alto rose 1.54 percent to $156.60 in pre-market trading.
  • Analysts at Oppenheimer upgraded CarMax, Inc KMX from Perform to Outperform. CarMax shares fell 2.09 percent to close at $69.84 on Wednesday.
  • Analysts at Deutsche Bank upgraded PPL Corp PPL from Hold to Buy. PPL shares gained 0.92 percent to $31.86 in pre-market trading.
  • Citigroup upgraded Cognizant Technology Solutions Corp CTSH from Neutral to Buy. Cognizant shares gained 1.42 percent to $76.92 in pre-market trading.
  • Analysts at Macquarie upgraded Hertz Global Holdings, Inc HTZ from Neutral to Outperform. Hertz Global shares rose 4.94 percent to $22.10 in pre-market trading.
  • Baird upgraded Forward Air Corporation FWRD from Neutral to Outperform. Forward Air shares rose 0.42 percent to close at $60.14 on Wednesday.
  • Analysts at Bank of America upgraded First Data Corp FDC from Neutral to Buy. First Data shares rose 2.16 percent to $17.98 in pre-market trading.
  • BMO Capital upgraded Worldpay WP from Market Perform to Outperform. Worldpay shares rose 0.40 percent to $78.20 in pre-market trading.
  • Mizuho upgraded Lennar Corporation LEN from Neutral to Buy. Lennar shares rose 2.81 percent to close at $70.71 on Friday.


Top Downgrades

  • Jefferies downgraded Symantec Corporation SYMC from Hold to Underperform. Symantec fell 3.34 percent to $26.60 in pre-market trading.
  • Analysts at Instinet downgraded Comcast Corporation CMCSA from Buy to Neutral. Comcast shares fell 1.75 percent to $40.95 in pre-market trading.
  • Citigroup downgraded Juno Therapeutics Inc JUNO from Buy to Neutral. Juno Therapeutics shares fell 2.45 percent to $67.55 in pre-market trading.
  • Cowen & Co. downgraded Johnson Controls International plc JCI from Outperform to Market Perform. Johnson Controls shares fell 1.59 percent to close at $39.53 on Wednesday.
  • Goldman Sachs downgraded Appian Corp APPN from Neutral to Sell. Appian shares fell 0.86 percent to $38.10 in pre-market trading.
  • Raymond James downgraded Archrock Partners LP APLP from Outperform to Market Perform. Archrock Partners shares fell 0.75 percent to close at $14.65 on Wednesday.
  • Analysts at KeyBanc downgraded GTT Communications Inc GTT from Overweight to Sector Weight. GTT Communications shares fell 3.10 percent to $42.15 in pre-market trading.
  • Wells Fargo downgraded Interpublic Group of Companies Inc IPG from Outperform to Market Perform. Interpublic shares rose 1.70 percent to close at $21.58 on Wednesday.


Top Initiations

  • Berenberg initiated coverage on Electronic Arts Inc. EA with an Outperform rating. The price target for Electronic Arts is set to $139. Electronic Arts shares closed at $113.14 on Wednesday.
  • RBC Capital initiated coverage on Brookfield Business Partners L.P. BBU with a Sector Perform rating. The price target for Brookfield Business Partners is set to $41. Brookfield Business Partners shares closed at $36.80 on Wednesday.
  • Berenberg initiated coverage on Caterpillar Inc. CAT with a Buy rating. The price target for Caterpillar is set to $200. Caterpillar shares closed at $168.50 on Wednesday.
  • Analysts at UBS initiated coverage on Avery Dennison Corp AVY with a Buy rating. The price target for Avery Dennison is set to $135. Avery Dennison shares closed at $118.88 on Wednesday.
  • Analysts at Bernstein initiated coverage on Activision Blizzard, Inc. ATVI with a Market Perform rating. The price target for Activision Blizzard is set to $74. Activision Blizzard shares closed at $70.36 on Wednesday.

Posted In: Consumer DiscretionaryHomebuildingInitiationstop upgradesUpgradesDowngradesInitiationPre-Market OutlookAnalyst Ratings

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