Market Overview

Benzinga's Top Upgrades, Downgrades For April 17, 2018

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Top Upgrades

  • Wells Fargo upgraded Newell Brands Inc. (NYSE: NWL) from Market Perform to Outperform. Newell Brands shares rose 2.25 percent to $26.84 in pre-market trading.
  • Goldman Sachs upgraded The Coca-Cola Company (NYSE: KO) from Sell to Neutral. Coca-Cola shares rose 0.72 percent to $45.00 in pre-market trading.
  • William Blair upgraded NetApp Inc. (NASDAQ: NTAP) from Market Perform to Outperform. NetApp shares closed at $68.27 on Monday.
  • Morgan Stanley upgraded Twitter, Inc. (NYSE: TWTR) from Underweight to Equal-Weight. Twitter shares rose 2.34 percent to $29.25 in pre-market trading.
  • Pivotal Research upgraded The Walt Disney Company (NYSE: DIS) from Sell to Hold. Disney shares rose 0.74 percent to $100.98 in pre-market trading.
  • Bank of America upgraded Lazard Ltd (NYSE: LAZ) from Neutral to Buy. Lazard shares closed at $52.81 on Monday.
  • Berenberg upgraded Trimble Inc. (NASDAQ: TRMB) from Hold to Buy. Trimble shares rose 2.3 percent to $35.97 in pre-market trading.
  • Analysts at JP Morgan upgraded Dollar General Corporation (NYSE: DG) from Neutral to Overweight. Dollar General rose 2 percent to $99.00 in pre-market trading.
  • Morgan Stanley upgraded Merck & Co., Inc. (NYSE: MRK) from Equal-Weight to Overweight. Merck shares rose 1.81 percent to $59.73 in pre-market trading.
  • Goldman Sachs upgraded Coca-Cola European Partners plc (NYSE: CCE) from Neutral to Buy. Coca-Cola European shares gained 1.52 percent to $42.16 in pre-market trading.


Top Downgrades

  • Goldman Sachs downgraded PepsiCo, Inc. (NASDAQ: PEP) from Neutral to Sell. PepsiCo shares fell 0.84 percent to $109.00 in pre-market trading.
  • RBC Capital downgraded International Paper Company (NYSE: IP) from Outperform to Sector Perform. International Paper shares dropped 0.22 percent to $53.62 in pre-market trading.
  • BMO Capital downgraded Vermilion Energy Inc. (NYSE: VET) from Outperform to Market Perform. Vermilion Energy shares fell 2.69 percent to close at $34.02 on Monday.
  • Piper Jaffray downgraded Acacia Communications, Inc. (NASDAQ: ACIA) from Overweight to Neutral. Acacia Communications shares fell 0.51 percent to $25.50 in pre-market trading.
  • Analysts at Roth Capital downgraded Netlist, Inc. (NASDAQ: NLST) from Buy to Neutral. Netlist shares fell 29.98 percent to $0.17 in pre-market trading.
  • Cantor Fitzgerald downgraded Celldex Therapeutics, Inc. (NASDAQ: CLDX) from Overweight to Neutral. Celldex Therapeutics shares rose 5.12 percent to $0.80 in pre-market trading.
  • Goldman Sachs downgraded Molson Coors Brewing Company (NYSE: TAP) from Buy to Neutral. Molson Coors shares rose 0.78 percent to close at $73.55 on Monday.
  • Morgan Stanley downgraded Bristol-Myers Squibb Company (NYSE: BMY) from Overweight to Equal-Weight. Bristol-Myers shares rose 0.13 percent to $54.15 in pre-market trading.
  • Pivotal Research downgraded Time Warner Inc. (NYSE: TWX) from Buy to Hold. Time Warner shares rose 0.68 percent to close at $97.34 on Monday.
  • Citigroup downgraded Chesapeake Energy Corporation (NYSE: CHK) from Neutral to Sell. Chesapeake Energy shares fell 0.32 percent to $3.09 in pre-market trading.


Top Initiations

  • Analysts at KeyBanc initiated coverage on Dropbox, Inc. (NASDAQ: DBX) with an Overweight rating. The price target for Dropbox is set to $40. Dropbox shares closed at $29.02 on Monday.
  • Jefferies initiated coverage on JELD-WEN Holding, Inc. (NYSE: JELD) with a Hold rating. The price target for JELD-WEN is set to $32. JELD-WEN shares closed at $30.78 on Monday.
  • Stephens & Co. initiated coverage on GrubHub Inc. (NYSE: GRUB) with an Overweight rating. The price target for GrubHub is set to $120. GrubHub shares closed at $98.50 on Monday.
  • Stifel Nicolaus initiated coverage on Allergan plc (NYSE: AGN) with a Hold rating. The price target for Allergan is set to $192. Allergan shares closed at $166.45 on Monday.
  • Deutsche Bank initiated coverage on Dropbox, Inc. (NASDAQ: DBX) with a Buy rating. The price target for Dropbox is set to $36. Dropbox shares closed at $29.02 on Monday.
  • Bank of America initiated coverage on Nextdecade Corp (NASDAQ: NEXT) with a Buy rating. The price target for NextDecade is set to $10. NextDecade shares closed at $5.26 on Monday.
  • Oppenheimer initiated coverage on Limelight Networks, Inc. (NASDAQ: LLNW) with a Buy rating. The price target for Limelight Networks is set to $6. Limelight Networks shares closed at $3.72 on Monday.
  • Analysts at Stifel Nicolaus initiated coverage on Cutera, Inc. (NASDAQ: CUTR) with a Hold rating. The price target for Cutera is set to $55. Cutera closed at $54.60 on Monday.
  • RBC Capital initiated coverage on Synchrony Financial (NYSE: SYF) with an Outperform rating. The price target for Synchrony Financial is set to $45. Synchrony Financial shares closed at $34.47 on Monday.

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

 

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