Benzinga's Top Upgrades, Downgrades For July 7, 2017

Top Upgrades

• Analysts at Janney Capital upgraded Galapagos NV (NASDAQ:GLPG) from Sell to Neutral. Galapagos shares fell 0.21 percent to $75.47 in pre-market trading.
• Analysts at Guggenheim upgraded Spark Energy Inc (NASDAQ:SPKE) from Neutral to Buy. Spark Energy shares rose 1.44 percent to $17.65 in pre-market trading.
• Jefferies upgraded Advance Auto Parts, Inc. (NYSE:AAP) from Hold to Buy. Advance Auto Parts shares dropped 0.77 percent to $102.37 in pre-market trading.
• Baird upgraded Quintiles IMS Holdings Inc (NYSE:Q) from Underperform to Neutral. Quintiles IMS shares dropped 1.46 percent to close at $87.86 on Thursday.
• Analysts at JMP Securities upgraded Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) from Market Perform to Market Outperform. Arena Pharma shares rose 4.22 percent to $18.75 in pre-market trading.

Top Downgrades

• Analysts at Jefferies downgraded Physicians Realty Trust (NYSE:DOC) from Hold to Underperform. Physicians Realty Trust shares fell 0.41 percent to $19.25 in pre-market trading.
• KeyBanc downgraded Globant SA (NYSE:GLOB) from Overweight to Sector Weight. Globant shares fell 0.97 percent to close at $42.81 on Thursday.
• Wells Fargo downgraded Helmerich & Payne, Inc. (NYSE:HP) from Market Perform to Underperform. Amphenol shares fell 1.60 percent to close at $53.47 on Thursday.
• Analysts at Credit Suisse downgraded Tahoe Resources Inc (NYSE:TAHO) from Outperform to Neutral. Tahoe Resources shares rose 0.72 percent to $5.60 in pre-market trading.
• BMO Capital downgraded East West Bancorp, Inc. (NASDAQ:EWBC) from Outperform to Market Perform. East West Bancorp shares slipped 0.85 percent to close at $59.55 on Thursday.
• Bank of America downgraded O'Reilly Automotive Inc (NASDAQ:ORLY) from Buy to Neutral. O'Reilly shares dropped 1.25 percent to close at $176.53 on Thursday.
• Bank of America downgraded AutoZone, Inc. (NYSE:AZO) from Buy to Neutral. AutoZone shares dropped 1.81 percent to close at $507.48 on Thursday.
• Craig-Hallum downgraded Digimarc Corp (NASDAQ:DMRC) from Buy to Hold. Digimarc shares dropped 2.78 percent to close at $38.40 on Thursday.
• Wells Fargo downgraded Nabors Industries Ltd. (NYSE:NBR) from Outperform to Market Perform. Nabors shares fell 1.87 percent to $7.35 in pre-market trading.
• Bank of America downgraded Oshkosh Corp (NYSE:OSK) from Neutral to Underperform. Oshkosh shares dropped 2.17 percent to close at $68.87 on Thursday.

Top Initiations

• Argus initiated coverage of athenahealth, Inc (NASDAQ:ATHN) with a Hold rating. athenahealth shares closed at $138.22 on Thursday.
• Analysts at MKM Partners initiated coverage on Stanley Black & Decker, Inc. (NYSE:SWK) with a Buy rating. The price target for Stanley Black & Decker is set to $166. Stanley Black & Decker shares closed at $142.29 on Thursday.
• Raymond James initiated coverage on International Flavors & Fragrances Inc (NYSE:IFF) with a Market Perform rating. International Flavors & Fragrances shares closed at $132.16 on Thursday.
• Stifel Nicolaus initiated coverage on Winnebago Industries, Inc. (NYSE:WGO) with a Buy rating. The price target for Winnebago is set to $40. Winnebago shares closed at $33.95 on Thursday.
• Analysts at Stifel Nicolaus initiated coverage on Thor Industries, Inc. (NYSE:THO) with a Hold rating. The price target for Thor Industries is set to $110. Thor Industries shares closed at $103.13 on Thursday.
• Analysts at Oppenheimer initiated coverage on Foot Locker, Inc. (NYSE:FL) with a Perform rating. Foot Locker shares closed at $50.08 on Thursday.
• DA Davidson initiated coverage on Sally Beauty Holdings, Inc. (NYSE:SBH) with a Neutral rating. The price target for Sally Beauty is set to $23. Sally Beauty shares closed at $19.80 on Thursday.
• Jefferies initiated coverage on Cliffs Natural Resources Inc (NYSE:CLF) with a Buy rating. The price target for Cliffs Natural is set to $9. Cliffs Natural shares closed at $6.64 on Thursday.
• Analysts at Barclays initiated coverage of BroadSoft Inc (NASDAQ:BSFT) with an Equal-Weight rating. The price target for BroadSoft is set to $45. BroadSoft shares closed at $42.20 on Thursday.
• Analysts at DA Davidson initiated coverage on Avon Products, Inc. (NYSE:AVP) with a Neutral rating. The price target for Avon Products is set to $4.25. Avon Products shares closed at $3.71 on Thursday.