Benzinga's Top Upgrades, Downgrades For January 3, 2017

Top Upgrades

• Analysts at Citigroup upgraded Verizon Communications Inc. VZ from Neutral to Buy. Verizon shares rose 0.58 percent to $53.69 in pre-market trading.
• RBC Capital upgraded Groupon Inc GRPN from Underperform to Sector Perform. Groupon shares rose 3 percent to $3.42 in pre-market trading.
• Credit Suisse upgraded Xerox Corp XRX from Neutral to Outperform. Xerox shares rose 7.8 percent to $6.20 in pre-market trading.
• Analysts at Morgan Stanley upgraded C R Bard Inc BCR from Equal-Weight to Overweight. C.R. Bard shares rose 0.24 percent to close at $224.66 on Friday.
• Monness Crespi Hardt upgraded Paypal Holdings Inc PYPL from Neutral to Buy. PayPal shares rose 2.18 percent to $40.33 in pre-market trading.
• Analysts at Barclays upgraded InterContinental Hotels Group PLC (ADR) IHG from Equal-Weight to Overweight. Intercontinental Hotels shares gained 3.79 percent to $46.01 in pre-market trading.
• Baird upgraded Patterson Companies, Inc. PDCO from Neutral to Outperform. Patterson shares fell 0.27 percent to close at $41.03 on Friday.
• Evercore ISI upgraded Walt Disney Co DIS from Hold to Buy. Disney shares rose 1.15 percent to $105.42 in pre-market trading.
• Analysts at JMP Securities upgraded Barracuda Networks Inc CUDA from Market Underperform to Market Perform. Barracuda shares rose 0.05 percent to close at $21.43 on Friday.
• Analysts at Mizuho upgraded Quest Diagnostics Inc DGX from Neutral to Buy. Quest Diagnostics shares rose 0.03 percent to close at $91.90 on Friday.

Top Downgrades

• JP Morgan downgraded Becton Dickinson and Co BDX from Overweight to Neutral. Becton Dickinson shares fell 0.15 percent to $165.30 in pre-market trading.
• Raymond James downgraded Anadarko Petroleum Corporation APC from Outperform to Market Perform. Anadarko Petroleum shares fell 0.54 percent to close at $69.73 on Friday.
• Analysts at Baird downgraded PACCAR Inc PCAR from Outperform to Neutral. PACCAR shares fell 0.73 percent to close at $63.90 on Friday.
• SunTrust Robinson Humphrey downgraded Fox Factory Holding Corp FOXF from Buy to Hold. Fox Factory shares rose 0.36 percent to close at $27.75 on Friday.
• Monness Crespi Hardt downgraded GrubHub Inc GRUB from Neutral to Sell. GrubHub shares rose 0.72 percent to $37.89 in pre-market trading.
• Analysts at Morgan Stanley downgraded Medtronic PLC MDT from Overweight to Equal-Weight. Medtronic shares fell 1.31 percent to $70.30 in pre-market trading.
• Piper Jaffray downgraded Michael Kors Holdings Ltd KORS from Overweight to Neutral. Michael Kors shares fell 1 percent to $42.55 in pre-market trading.
• Analysts at Oppenheimer downgraded Abercrombie & Fitch Co. ANF from Perform to Underperform. Abercrombie & Fitch shares fell 1.75 percent to $11.79 in pre-market trading.
• Mizuho downgraded McKesson Corporation MCK from Buy to Neutral. McKesson shares fell 0.94 percent to close at $140.45 on Friday.
• Jefferies downgraded DSW Inc. DSW from Buy to Hold. DSW shares fell 0.48 percent to close at $22.65 on Friday.

Top Initiations

• Analysts at H.C. Wainwright initiated coverage on Pacira Pharmaceuticals Inc PCRX with a Buy rating. The price target for Pacira Pharmaceuticals is set to $43. Pacira Pharma shares closed at $32.30 on Friday.
• Analysts at Standpoint Research initiated coverage on Vodafone Group Plc (ADR) VOD with an Accumulate rating. The price target for Vodafone is set to $30. Vodafone shares closed at $24.43 on Friday.
• Analysts at Rodman & Renshaw initiated coverage on Chromadex Corp CDXC with a Buy rating. The price target for Chromadex is set to $6. Chromadex shares closed at $3.31 on Friday.
• Analysts at Stifel Nicolaus initiated coverage of Ichor Holdings Ltd ICHR with a Buy rating. The price target for Ichor Holdings is set to $16. Ichor Holdings shares closed at $10.82 on Friday.
• Analysts at Monness Crespi Hardt initiated coverage on Mobileye NV MBLY with a Buy rating. The price target for Mobileye is set to $47. Mobileye shares closed at $38.12 on Friday.
• Analysts at Aegis Capital initiated coverage on Twitter Inc TWTR with a Sell rating. The price target for Twitter is set to $14. Twitter shares closed at $16.30 on Friday.
• Analysts at SunTrust Robinson Humphrey initiated coverage on Athene Holding Ltd ATH with a Buy rating. The price target for Athene Holding is set to $57. Athene Holding shares closed at $47.99 on Friday.
• Imperial Capital initiated coverage on Acushnet Holdings Corp GOLF with an In-Line rating. The price target for Acushnet Holdings is set to $20. Acushnet Holdings shares closed at $19.71 on Friday.