Benzinga's Top Upgrades, Downgrades For December 13, 2016

Top Upgrades

• Jefferies upgraded Unilever plc (ADR) UL from Hold to Buy. Unilever shares rose 1.38 percent to $40.47 in pre-market trading.
• Keefe Bruyette & Woods upgraded D.R. Horton, Inc. DHI from Market Perform to Outperform. D.R. Horton shares rose 2.64 percent to $29.92 in pre-market trading.
• Needham upgraded Achaogen Inc AKAO from Hold to Buy. Achaogen shares climbed 12.36 percent to $14.64 in pre-market trading.
• Analysts at Goldman Sachs upgraded Ophthotech Corp OPHT from Sell to Neutral. The price target for Ophthotech has been lowered from $22 to $5. Ophthotech shares rose 1.51 percent to $5.37 in pre-market trading.
• RBC Capital upgraded Celanese Corporation CE from Sector Perform to Outperform. The price target for Celanese has been raised from $76 to $100. Celanese shares rose 0.39 percent to close at $83.10 on Monday.
• Analysts at Janney Capital upgraded SeaWorld Entertainment Inc SEAS from Neutral to Buy. The price target for SeaWorld has been raised from $16 to $24. SeaWorld shares gained 1.78 percent to $18.90 in pre-market trading.
• Analysts at Morgan Stanley upgraded Bancolombia SA (ADR) CIB from Equal-Weight to Overweight. BanColombia shares rose 0.64 percent to close at $35.97 on Monday.

Top Downgrades

• Analysts at Deutsche Bank downgraded Procter & Gamble Co PG from Buy to Hold. Procter & Gamble shares dropped 0.60 percent to $84.62 in pre-market trading.
• UBS downgraded Marathon Oil Corporation MRO from Buy to Neutral. Ophthotech shares rose 0.22 percent to $18.53 in pre-market trading.
• Citigroup downgraded Tanger Factory Outlet Centers Inc. SKT from Neutral to Sell. Tanger Factory Outlet shares rose 0.34 percent to close at $35.93 on Monday.
• Analysts at BMO Capital downgraded Buffalo Wild Wings BWLD from Outperform to Market Perform. Buffalo Wild Wings shares fell 0.37 percent to close at $174.25 on Monday.
• Chardan Capital downgraded Arbutus Biopharma Corp ABUS from Buy to Neutral. Arbutus Biopharma shares rose 5.08 percent to $3.10 in pre-market trading.
• Longbow Research downgraded Littelfuse, Inc. LFUS from Buy to Neutral. Littelfuse shares dropped 0.10 percent to close at $155.53 on Monday.
• Analysts at Deutsche Bank downgraded The Coca-Cola Co KO from Buy to Hold. Coca-Cola shares fell 0.60 percent to $41.65 in pre-market trading.
• Morgan Stanley downgraded Alexion Pharmaceuticals, Inc. ALXN from Overweight to Equal-Weight. Alexion Pharmaceuticals shares fell 0.76 percent to $114.20 in pre-market trading.
• Jefferies downgraded Jacobs Engineering Group Inc JEC from Buy to Hold. Jacobs Engineering shares rose 0.02 percent to close at $61.58 on Monday.
• Analysts at RBC Capital downgraded Viacom, Inc. VIAB from Sector Perform to Underperform. Viacom shares dropped 1.03 percent to $34.63 in pre-market trading.

Top Initiations

• Analysts at Jefferies initiated coverage on Smart Sand Inc SND with a Buy rating. The price target for Smart Sand is set to $18. Smart Sand shares closed at $13.90 on Monday.
• Analysts at Aegis Capital initiated coverage on Yelp Inc YELP with a Buy rating. The price target for Yelp is set to $47. Yelp shares closed at $35.17 on Monday.
• Analysts at UBS initiated coverage of Core Laboratories N.V. CLB with a Neutral rating. The price target for Core Laboratories is set to $125. Core Laboratories shares closed at $120.81 on Monday.
• Analysts at Chardan Capital initiated coverage on Healthequity Inc HQY with a Buy rating. The price target for Healthequity is set to $50. Healthequity shares closed at $40.99 on Monday.
• Analysts at JP Morgan initiated coverage on FedEx Corporation FDX with an Overweight rating. The price target for FedEx is set to $233. FedEx shares closed at $197.64 on Monday.
• Analysts at SunTrust Robinson Humphrey initiated coverage on Level 3 Communications, Inc. LVLT with a Hold rating. The price target for Level 3 Communications is set to $62. Level 3 Communications shares closed at $56.23 on Monday.