Market Overview

Benzinga's Top Upgrades, Downgrades For April 20, 2018

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Top Upgrades

  • MKM upgraded Twitter, Inc. (NYSE: TWTR) from Neutral to Buy. Twitter shares rose 2.69 percent to $32.38 in pre-market trading.
  • Morgan Stanley upgraded Whiting Petroleum Corporation (NYSE: WLL) from Underweight to Equal-Weight. Whiting Petroleum shares rose 0.43 percent to $39.50 in pre-market trading.
  • Wells Fargo upgraded Syntel, Inc. (NASDAQ: SYNT) from Underperform to Market Perform. Syntel shares rose 5.97 percent to close at $27.88 on Wednesday.
  • Piper Jaffray upgraded Tractor Supply Company (NASDAQ: TSCO) from Neutral to Overweight. Tractor Supply shares rose 1.87 percent to $61.00 in pre-market trading.
  • Wells Fargo upgraded Signature Bank (NASDAQ: SBNY) from Market Perform to Outperform. Signature Bank shares fell 3.10 percent to close at $130.93 on Thursday.
  • Analysts at Piper Jaffray upgraded People's United Financial, Inc. (NASDAQ: PBCT) from Underweight to Neutral. People's United Financial shares fell 1.47 percent to close at $18.07 on Thursday.
  • BMO Capital upgraded Macerich Company (NYSE: MAC) from Market Perform to Outperform. Macerich shares fell 0.90 percent to close at $57.55 on Thursday.
  • Bernstein upgraded Darden Restaurants, Inc. (NYSE: DRI) from Market Perform to Outperform. Darden shares gained 1.38 percent to $91.00 in pre-market trading.
  • Deutsche Bank upgraded Seaspan Corporation (NYSE: SSW) from Hold to Buy. Seaspan shares rose 2.13 percent to $7.18 in pre-market trading.
  • Citigroup upgraded OneMain Holdings, Inc. (NYSE: OMF) from Neutral to Buy. OneMain shares rose 0.66 percent to close at $30.47 on Thursday.


Top Downgrades

  • Analysts at Wedbush downgraded Skechers U.S.A., Inc. (NYSE: SKX) from Outperform to Neutral. Skechers shares fell 24.21 percent to $31.90 in pre-market trading.
  • JP Morgan downgraded Navios Maritime Acquisition Corporation (NYSE: NNA) from Neutral to Underweight. Navios Maritime shares rose 2.42 percent to close at $0.8251 on Thursday.
  • JP Morgan downgraded DHT Holdings, Inc. (NYSE: DHT) from Overweight to Neutral. DHT shares gained 2.11 percent to close at $3.87 on Thursday.
  • Argus downgraded Procter & Gamble Company (NYSE: PG) from Buy to Hold. Procter & Gamble shares fell 1.16 percent to $74.08 in pre-market trading.
  • Bank of America downgraded Philip Morris International Inc. (NYSE: PM) from Neutral to Underperform. Philip Morris shares fell 0.22 percent to $85.45 in pre-market trading.
  • Nomura downgraded Olin Corporation (NYSE: OLN) from Buy to Neutral. Olin shares fell 1.64 percent to $30.00 in pre-market trading.
  • Deutsche Bank downgraded Church & Dwight Co., Inc. (NYSE: CHD) from Buy to Hold. Church & Dwight shares fell 3.08 percent to close at $48.72 on Wednesday.
  • Goldman Sachs downgraded Herc Holdings Inc. (NYSE: HRI) from Neutral to Sell. Herc Holdings shares declined 1.94 percent to close at $63.79 on Wednesday.
  • JMP Securities downgraded Atlassian Corporation Plc (NASDAQ: TEAM) from Outperform to Market Perform. Atlassian shares fell 10.97 percent to $55.44 in pre-market trading.


Top Initiations

  • Needham initiated coverage on Merit Medical Systems, Inc. (NASDAQ: MMSI) with a Buy rating. The price target for Merit Medical is set to $53. Merit Medical shares closed at $45.60 on Thursday.
  • Mitsubishi UFJ initiated coverage on Charles River Laboratories International, Inc. (NYSE: CRL) with a Neutral rating. The price target for Charles River is set to $115. Charles River shares closed at $106.00 on Thursday.
  • Jefferies initiated coverage on Albireo Pharma, Inc. (NASDAQ: ALBO) with a Buy rating. The price target for Albireo Pharma is set to $50. Albireo Pharma shares closed at $32.78 on Thursday.
  • Analysts at Berenberg initiated coverage on Align Technology, Inc. (NASDAQ: ALGN) with a Buy rating. The price target for Align Technology is set to $305. Align Technology shares closed at $252.78 on Thursday.
  • Berenberg initiated coverage on Insulet Corporation (NASDAQ: PODD) with a Buy rating. The price target for Insulet is set to $100. Insulet shares closed at $88.45 on Thursday.
  • Analysts at Deutsche Bank initiated coverage on Plains All American Pipeline, L.P. (NYSE: PAA) with a Buy rating. The price target for Plains All American is set to $29. Plains All American closed at $24.32 on Thursday.
  • BTIG Research initiated coverage on Wingstop Inc. (NASDAQ: WING) with a Buy rating. The price target for Wingstop is set to $59. Wingstop shares closed at $50.83 on Thursday.
  • Analysts at HSBC initiated coverage on Globant S.A. (NYSE: GLOB) with a Hold rating. The price target for Globant is set to $48. Globant shares closed at $44.88 on Thursday.
  • Analysts at Deutsche Bank initiated coverage on Phillips 66 Partners LP (NYSE: PSXP) with a Hold rating. The price target for Phillips 66 Partners is set to $55. Phillips 66 Partners shares closed at $51.00 on Thursday.
  • Loop Capital initiated coverage on Roku, Inc. (NASDAQ: ROKU) with a Hold rating. The price target for Roku is set to $30. Roku shares closed at $32.70 on Thursday.

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

 

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