Market Overview

Benzinga's Top Upgrades, Downgrades For May 4, 2018

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Top Upgrades

  • Stephens & Co. upgraded FMC Corporation (NYSE: FMC) from Equal-Weight to Overweight. FMC shares rose 0.92 percent to $84.50 in pre-market trading.
  • SunTrust Robinson Humphrey upgraded Pandora Media, Inc. (NYSE: P) from Hold to Buy. Pandora shares rose 10.15 percent to $6.35 in pre-market trading.
  • RBC Capital upgraded Benefitfocus, Inc. (NASDAQ: BNFT) from Sector Perform to Outperform. Benefitfocus shares gained 1.33 percent to close at $30.40 on Thursday.
  • Barclays upgraded Investors Bancorp, Inc. (NASDAQ: ISBC) from Underweight to Equal-Weight. Investors Bancorp shares fell 0.82 percent to close at $13.33 on Thursday.
  • Analysts at KeyBanc upgraded GTT Communications, Inc. (NYSE: GTT) from Sector Weight to Overweight. GTT Communications shares fell 0.64 percent to close at $46.35 on Thursday.
  • Evercore ISI Group upgraded Live Nation Entertainment, Inc. (NYSE: LYV) from In-Line to Outperform. Live Nation shares gained 4.28 percent to $42.15 in pre-market trading.
  • JP Morgan upgraded Valvoline Inc. (NYSE: VVV) from Underweight to Neutral. Valvoline shares rose 4.65 percent to close at $20.95 on Thursday.
  • Deutsche Bank upgraded First Hawaiian, Inc. (NASDAQ: FHB) from Hold to Buy. First Hawaiian shares fell 0.29 percent to close at $27.92 on Wednesday.


Top Downgrades

  • Deutsche Bank downgraded Smith & Nephew plc (NYSE: SNN) from Hold to Sell. Smith & Nephew shares fell 0.33 percent to $35.88 in pre-market trading.
  • Stephens & Co. downgraded C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) from Overweight to Equal-Weight. C.H. Robinson shares fell 0.36 percent to close at $82.60 on Thursday.
  • Benchmark downgraded World Wrestling Entertainment, Inc. (NYSE: WWE) from Buy to Hold. WWE shares fell 1.47 percent to $40.78 in pre-market trading.
  • Credit Suisse downgraded Diebold Nixdorf, Incorporated (NYSE: DBD) from Outperform to Neutral. Diebold Nixdorf shares fell 1.66 percent to $11.85 in pre-market trading.
  • RBC Capital downgraded Colfax Corporation (NYSE: CFX) from Outperform to Sector Perform. Colfax shares declined 1.58 percent to close at $29.95 on Thursday.
  • Citigroup downgraded Ingredion Incorporated (NYSE: INGR) from Buy to Neutral. Ingredion shares fell 2.36 percent to close at $115.67 on Thursday.
  • DZ Bank downgraded The Kraft Heinz Company (NASDAQ: KHC) from Buy to Sell. Kraft Heinz shares rose 0.82 percent to $55.40 in pre-market trading.
  • Deutsche Bank downgraded Cogent Communications Holdings, Inc. (NASDAQ: CCOI) from Buy to Hold. Hologic shares rose 0.92 percent to close at $49.10 on Thursday.


Top Initiations

  • Analysts at CL King initiated coverage on G-III Apparel Group, Ltd. (NASDAQ: GIII) with a Buy rating. The price target for G-III Apparel is set to $42. G-III Apparel shares closed at $35.23 on Thursday.
  • JP Morgan initiated coverage on Extraction Oil & Gas, Inc. (NASDAQ: XOG) with an Overweight rating. The price target for Extraction Oil & Gas is set to $21. Extraction Oil & Gas shares closed at $14.05 on Thursday.
  • Cowen & Co. initiated coverage on Pieris Pharmaceuticals, Inc. (NASDAQ: PIRS) with an Outperform rating. The price target for Pieris Pharmaceuticals is set to $21. Pieris Pharmaceuticals shares closed at $6.14 on Thursday.
  • JP Morgan initiated coverage on ConvergeOne Holdings, Inc. (NASDAQ: CVON) with an Overweight rating. The price target for ConvergeOne is set to $11. ConvergeOne shares closed at $8.75 on Thursday.
 

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