Benzinga's Top Upgrades, Downgrades For January 16, 2018

Top Upgrades

  • Bank of America upgraded Hibbett Sports, Inc. HIBB from Underperform to Buy. Hibbett shares fell 1.41 percent to close at $24.40 on Friday.
  • Nomura upgraded QUALCOMM, Inc. QCOM from Neutral to Buy. Qualcomm rose 0.99 percent to $66.03 in pre-market trading.
  • JP Morgan upgraded Molina Healthcare, Inc. MOH from Neutral to Overweight. Molina Healthcare shares rose 2.54 percent to $88.00 in pre-market trading.
  • Analysts at HSBC upgraded Taiwan Semiconductor Mfg. Co. Ltd. (ADR) TSM from Hold to Buy. Taiwan Semiconductor shares rose 1.12 percent to $41.65 in pre-market trading.
  • Analysts at Bernstein upgraded Vipshop Holdings Ltd - ADR VIPS from Market Perform to Outperform. Vipshop shares rose 5.17 percent to $15.26 in pre-market trading.
  • Analysts at B. Riley upgraded Twenty-First Century Fox Inc FOXA from Neutral to Buy. Twenty-First Century Fox shares gained 0.60 percent to $36.95 in pre-market trading.
  • Susquehanna upgraded Applied Materials, Inc. AMAT from Neutral to Positive. Applied Materials shares gained 1.87 percent to $54.45 in pre-market trading.
  • Morgan Stanley upgraded SYSCO Corporation SYY from Underweight to Equal-Weight. Sysco shares rose 1.30 percent to $62.18 in pre-market trading.
  • Analysts at Wells Fargo upgraded Gilead Sciences, Inc GILD from Market Perform to Outperform. Gilead Sciences shares rose 1.11 percent to $79.90 in pre-market trading.
  • Stifel Nicolaus upgraded Lincoln Electric Holdings, Inc. LECO from Hold to Buy. Lincoln Electric shares rose 0.41 percent to close at $97.87 on Friday.


Top Downgrades

  • Analysts at Bank of America downgraded Westlake Chemical Corporation WLK from Neutral to Underperform. Westlake Chemical shares rose 0.61 percent to close at $113.94 on Friday.
  • Deutsche Bank downgraded Newmont Mining Corp NEM from Buy to Hold. Newmont Mining shares fell 0.23 percent to $39.70 in pre-market trading.
  • Wedbush downgraded Spark Therapeutics Inc ONCE from Neutral to Underperform. Spark Therapeutics fell 6.38 percent to $49.30 in pre-market trading.
  • SunTrust Robinson Humphrey downgraded Cerner Corporation CERN from Buy to Hold. Cerner shares dropped 0.56 percent to $72.49 in pre-market trading.
  • Wells Fargo downgraded Rockwell Collins, Inc. COL from Outperform to Market Perform. Rockwell shares rose 0.03 percent to close at $137.83 on Friday.
  • Stifel Nicolaus downgraded Spirit Airlines Incorporated SAVE from Buy to Hold. Spirit Airlines shares rose 1.49 percent to close at $48.26 on Thursday.
  • Analysts at Rosenblatt downgraded Viacom, Inc. VIA from Neutral to Sell. Viacom shares fell 2.81 percent to $38.00 in pre-market trading.
  • Macquarie downgraded Under Armour Inc UAA from Neutral to Underperform. Under Armour shares fell 2.25 percent to $14.78 in pre-market trading.
  • Mizuho downgraded Southwestern Energy Company SWN from Neutral to Underperform. Southwestern Energy shares dropped 1.28 percent to $5.40 in pre-market trading.
  • Wells Fargo downgraded Lockheed Martin Corporation LMT from Outperform to Market Perform. Lockheed Martin shares rose 0.22 percent to $337.00 in pre-market trading.


Top Initiations

  • Keefe Bruyette & Woods initiated coverage on Veritex Holdings Inc VBTX with an Outperform rating. The price target for Veritex is set to $33. Veritex shares closed at $28.90 on Friday.
  • Deutsche Bank initiated coverage on LexinFintech Holdings Ltd - ADR LX with a Buy rating. The price target for LexinFintech is set to $21. LexinFintech shares closed at $13.89 on Friday.
  • Needham initiated coverage on Secureworks Corp SCWX with a Hold rating. Secureworks shares closed at $9.34 on Friday.
Posted In: Aerospace & DefenseIndustrialsInitiationstop upgradesUpgradesDowngradesInitiationPre-Market OutlookAnalyst Ratings