Market Overview

Benzinga's Top Upgrades, Downgrades For April 24, 2018

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Top Upgrades

  • Susquehanna upgraded KeyCorp (NYSE: KEY) from Neutral to Positive. KeyCorp shares rose 1.16 percent to $20.10 in pre-market trading.
  • Deutsche Bank upgraded Discovery, Inc. (NASDAQ: DISCA) from Hold to Buy. Discovery shares rose 3.07 percent to $24.50 in pre-market trading.
  • Leerink Swann upgraded Cardinal Health, Inc. (NYSE: CAH) from Market Perform to Outperform. Cardinal Health shares rose 0.24 percent to close at $62.22 on Monday.
  • Berenberg upgraded Emerson Electric Co. (NYSE: EMR) from Sell to Hold. Emerson Electric shares fell 0.43 percent to close at $69.90 on Monday.
  • Analysts at Raymond James upgraded Cenovus Energy Inc. (NYSE: CVE) from Underperform to Market Perform. Cenovus Energy shares fell 0.31 percent to close at $9.60 on Monday.
  • Deutsche Bank upgraded Fresenius Medical Care AG & Co. KGaA (NYSE: FMS) from Hold to Buy. Fresenius Medical shares rose 3.39 percent to $50.87 in pre-market trading.
  • Goldman Sachs upgraded BP p.l.c. (NYSE: BP) from Neutral to Buy. BP shares rose 1.14 percent to $44.42 in pre-market trading.
  • Needham upgraded Cadence Design Systems, Inc. (NASDAQ: CDNS) from Hold to Buy. Cadence Design shares gained 12.03 percent to $41.16 in pre-market trading.
  • Loop Capital upgraded Hexcel Corporation (NYSE: HXL) from Hold to Buy. Hexcel shares rose 0.54 percent to $65.40 in pre-market trading.


Top Downgrades

  • Citigroup downgraded Alcoa Corporation (NYSE: AA) from Buy to Neutral. Alcoa shares fell 0.56 percent to $51.62 in pre-market trading.
  • Mizuho downgraded Skyworks Solutions, Inc. (NASDAQ: SWKS) from Buy to Neutral. Skyworks shares fell 0.78 percent to $87.95 in pre-market trading.
  • Analysts at RBC Capital downgraded Vale S.A. (NYSE: VALE) from Outperform to Sector Perform. VALE shares rose 0.07 percent to $13.75 in pre-market trading.
  • Raymond James downgraded Imperial Oil Limited (NYSE: IMO) from Market Perform to Underperform. Imperial Oil shares rose 0.92 percent to close at $29.71 on Monday.
  • Wells Fargo downgraded Dynagas LNG Partners LP (NYSE: DLNG) from Market Perform to Underperform. Dynagas LNG Partners shares dropped 5.06 percent to $9.00 in pre-market trading.
  • CL King downgraded Bojangles', Inc. (NASDAQ: BOJA) from Buy to Neutral. Bojangles shares fell 0.67 percent to close at $14.80 on Monday.
  • BTIG Research downgraded Prothena Corporation plc (NASDAQ: PRTA) from Buy to Neutral. Prothena shares rose 1.30 percent to $11.65 in pre-market trading.
  • Goldman Sachs downgraded Henry Schein, Inc. (NASDAQ: HSIC) from Buy to Neutral. Henry Schein shares declined 1.34 percent to $72.80 in pre-market trading.


Top Initiations

  • Wells Fargo initiated coverage on The Home Depot, Inc. (NYSE: HD) with an Outperform rating. The price target for Home Depot is set to $205. Home Depot shares closed at $177.66 on Monday.
  • Citigroup initiated coverage on iQIYI, Inc. (NASDAQ: IQ) with a Buy rating. The price target for iQIYI is set to $22. iQIYI shares closed at $18.24 on Monday.
  • Maxim Group assumed coverage on Applied DNA Sciences, Inc. (NASDAQ: APDN) with a Buy rating. The price target for Applied DNA Sciences is set to $5. Applied DNA Sciences shares closed at $1.44 on Monday.
  • Analysts at Wells Fargo initiated coverage on Lowe's Companies, Inc. (NYSE: LOW) with an Outperform rating. The price target for Lowe's is set to $100. Lowe's shares closed at $84.35 on Monday.
  • Wells Fargo initiated coverage on AutoZone, Inc. (NYSE: AZO) with an Outperform rating. The price target for AutoZone is set to $700. AutoZone shares closed at $599.47 on Monday.
  • Mizuho initiated coverage on First Data Corporation (NYSE: FDC) with a Buy rating. The price target for First Data is set to $19. First Data shares closed at $15.14 on Monday.
  • Wells Fargo initiated coverage on Best Buy Co., Inc. (NYSE: BBY) with a Market Perform rating. The price target for Best Buy is set to $77. Best Buy shares closed at $73.50 on Monday.
  • Analysts at Hovde Group initiated coverage on Nicolet Bankshares, Inc. (NASDAQ: NCBS) with a Market Perform rating. Nicolet Bankshares closed at $56.88 on Monday.
  • Goldman Sachs initiated coverage on Alder Biopharmaceuticals, Inc. (NASDAQ: ALDR) with a Neutral rating. The price target for Alder Biopharmaceuticals is set to $17. Alder Biopharmaceuticals shares closed at $13.65 on Monday.

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

 

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