Benzinga's Top Upgrades, Downgrades For January 5, 2017

Top Upgrades

• Analysts at Morgan Stanley upgraded Southwest Airlines Co LUV from Equal Weight to Overweight. Southwest shares rose 0.39 percent to $51.50 in pre-market trading.
• Raymond James upgraded C R Bard Inc BCR from Outperform to Strong Buy. C.R. Bard shares fell 0.09 percent to close at $227.38 on Wednesday.
• Pacific Crest upgraded Twilio Inc TWLO from Sector Weight to Overweight. Twilio shares rose 3.6 percent to $28.50 in pre-market trading.
• Analysts at KeyBanc upgraded Owens Corning OC from Sector Weight to Overweight. Owens-Corning shares declined 0.21 percent to close at $51.85 on Wednesday.
• Argus upgraded Darden Restaurants, Inc. DRI from Hold to Buy. Darden shares rose 0.04 percent to close at $72.09 on Wednesday.
• Analysts at BMO Capital upgraded Western Digital Corp WDC from Market Perform to Outperform. Western Digital shares gained 0.23 percent to $70.70 in pre-market trading.
• JP Morgan upgraded Comerica Incorporated CMA from Neutral to Overweight. Comerica shares rose 0.84 percent to close at $69.54 on Wednesday.
• Wedbush upgraded Chipotle Mexican Grill, Inc. CMG from Underperform to Neutral. Chipotle shares rose 0.82 percent to $385.00 in pre-market trading.
• Analysts at RBC Capital upgraded Mastercard Inc MA from Outperform to Top Pick. Mastercard shares rose 0.53 percent to $106.95 in pre-market trading.
• Analysts at Morgan Stanley upgraded Progressive Corp PGR from Underweight to Equal-Weight. Progressive shares rose 0.90 percent to close at $35.85 on Wednesday.

Top Downgrades

• Morgan Stanley downgraded United Continental Holdings Inc UAL from Overweight to Equal-Weight. United Continental shares fell 1.94 percent to $71.60 in pre-market trading.
• Citigroup downgraded Endo International plc ENDP from Buy to Neutral. Endo International shares fell 1.24 percent to $17.48 in pre-market trading.
• Analysts at Barclays downgraded Discovery Communications Inc. DISCA from Equal-Weight to Underweight. Discovery Communications shares rose 1.18 percent to close at $28.29 on Wednesday.
• Deutsche Bank downgraded Macy's Inc M from Buy to Hold. Macy's shares fell 11.2 percent to $31.81 in pre-market trading.
• Telsey Advisory Group downgraded Kohl's Corporation KSS from Outperform to Market Perform. Kohl's shares dropped 14.2 percent to $44.50 in pre-market trading.
• Analysts at Wedbush downgraded Buffalo Wild Wings BWLD from Outperform to Neutral. Buffalo Wild Wings shares rose 1.32 percent to close at $153.85 on Wednesday.
• JP Morgan downgraded McKesson Corporation MCK from Overweight to Neutral. McKesson shares rose 0.78 percent to close at $148.58 on Wednesday.
• Analysts at Raymond James downgraded La-Z-Boy Incorporated LZB from Strong Buy to Market Perform. La-Z-Boy shares rose 1.27 percent to close at $31.95 on Wednesday.
• Baird downgraded Public Storage PSA from Outperform to Neutral. Public Storage shares rose 0.73 percent to close at $225.16 on Wednesday.
• Longbow Research downgraded Sherwin-Williams Co SHW from Buy to Neutral. Sherwin-Williams shares gained 0.68 percent to close at $276.40 on Wednesday.

Top Initiations

• Analysts at Macquarie initiated coverage on Planet Fitness Inc PLNT with an Outperform rating. The price target for Planet Fitness is set to $28. Planet Fitness shares closed at $20.21 on Wednesday.
• Analysts at Goldman Sachs initiated coverage on Hilton Grand Vacations Inc HGV with a Neutral rating. The price target for Hilton Grand Vacations is set to $29. Hilton Grand Vacations shares closed at $25.85 on Wednesday.
• Analysts at BMO Capital initiated coverage on Adobe Systems Incorporated ADBE with an Outperform rating. The price target for Adobe is set to $125. Adobe shares closed at $104.14 on Wednesday.
• Analysts at Deutsche Bank initiated coverage of Commercial Metals Company CMC with a Buy rating. The price target for Commercial Metals is set to $27. Commercial Metals shares closed at $22.84 on Wednesday.
• Analysts at Piper Jaffray initiated coverage on Community Health Systems CYH with a Neutral rating. The price target for Community Health is set to $6. Community Health shares closed at $6.23 on Wednesday.
• Analysts at Guggenheim initiated coverage on Blackhawk Network Holdings Inc HAWK with a Neutral rating. The price target for Blackhawk Network is set to $41. Blackhawk Network shares closed at $38.75 on Wednesday.
• Analysts at Berenberg initiated coverage on Hershey Co HSY with a Sell rating. The price target for Hershey is set to $90. Hershey shares closed at $104.12 on Wednesday.
• UBS initiated coverage on Great Plains Energy Incorporated GXP with a Neutral rating. The price target for Great Plains Energy is set to $28. Great Plains Energy shares closed at $27.64 on Wednesday.
• BMO Capital initiated coverage on FireEye Inc FEYE with a Market Perform rating. The price target for FireEye is set to $13. FireEye shares closed at $12.67 on Wednesday.