Benzinga's Top Upgrades, Downgrades For January 18, 2017

Top Upgrades

• Credit Suisse upgraded Nordstrom, Inc. JWN from Neutral to Outperform. Nordstrom shares rose 1.40 percent to $45.00 in pre-market trading.
• Analysts at Avondale Partners upgraded McKesson Corporation MCK from Market Perform to Market Outperform. McKesson shares gained 0.85 percent to close at $148.43 on Tuesday.
• Analysts at Evercore ISI Group upgraded Scorpio Bulkers Inc SALT from Hold to Buy. Scorpio Bulkers shares gained 5.83 percent to $6.35 in pre-market trading.
• JP Morgan upgraded New Oriental Education & Tech Grp (ADR) EDU from Neutral to Overweight. New Oriental Education shares rose 3.75 percent to $51.99 in pre-market trading.
• Analysts at Buckingham upgraded Deckers Outdoor Corp DECK from Neutral to Buy. Deckers Outdoor shares rose 2.49 percent to $60.46 in pre-market trading.
• Credit Suisse upgraded Burlington Stores Inc BURL from Neutral to Outperform. Burlington Stores shares rose 0.51 percent to $84.30 in pre-market trading.
• Morgan Stanley upgraded TransUnion TRU from Equal-Weight to Overweight. TransUnion shares fell 1.54 percent to close at $31.88 on Tuesday.
• Commerzbank upgraded ArcelorMittal SA (ADR) MT from Hold to Buy. ArcelorMittal shares fell 0.49 percent to $8.09 in pre-market trading.

Top Downgrades

• Credit Suisse downgraded J C Penney Company Inc JCP from Neutral to Underperform. JC Penney shares fell 1.59 percent to $6.83 in pre-market trading.
• Jefferies downgraded Alcobra Ltd ADHD from Buy to Hold. Alcobra shares dropped 1.86 percent to $0.92 in pre-market trading.
• Morgan Stanley downgraded Equifax Inc. EFX from Overweight to Equal-Weight. Equifax shares rose 0.29 percent to close at $120.66 on Tuesday.
• Barclays downgraded Xilinx, Inc. XLNX from Equal-Weight to Underweight. Xilinx shares fell 0.92 percent to $57.20 in pre-market trading.
• Citigroup downgraded Reynolds American, Inc. RAI from Buy to Neutral. Reynolds American shares rose 0.50 percent to $57.97 in pre-market trading.
• Analysts at Atlantic Equities downgraded Tiffany & Co. TIF from Overweight to Neutral. Tiffany shares fell 2.47 percent to close at $79.90 on Tuesday.
• Argus Research downgraded Wells Fargo & Co WFC from Buy to Hold. Wells Fargo shares gained 0.22 percent to $53.90 in pre-market trading.
• Analysts at Credit Suisse downgraded Kohl's Corporation KSS from Neutral to Underperform. Kohl's shares declined 2.01 percent to $40.55 in pre-market trading.
• Analysts at Wells Fargo downgraded Goldman Sachs BDC Inc GSBD from Outperform to Market Perform. Goldman Sachs BDC shares gained 2.05 percent to close at $23.85 on Tuesday.
• Raymond James downgraded Mercantile Bank Corp. MBWM from Outperform to Market Perform. Mercantile Bank shares dropped 2.50 percent to close at $35.49 on Tuesday.

Top Initiations

• Analysts at Deutsche Bank initiated coverage of Mettler-Toledo International Inc. MTD with a Hold rating. The price target for Mettler-Toledo is set to $420. Mettler-Toledo shares closed at $421.74 on Tuesday.
• Analysts at Berenberg initiated coverage on Mead Johnson Nutrition CO MJN with a Sell rating. The price target for Mead Johnson Nutrition is set to $66. Mead Johnson Nutrition shares closed at $71.44 on Tuesday.
• Analysts at Buckingham initiated coverage on Kansas City Southern KSU with a Buy rating. The price target for Kansas City Southern is set to $103. Kansas City Southern shares closed at $84.26 on Tuesday.
• Analysts at SunTrust Robinson Humphrey initiated coverage of Halliburton Company HAL with a Buy rating. The price target for Halliburton is set to $72. Halliburton shares closed at $55.01 on Tuesday.
• Analysts at Oppenheimer initiated coverage on Fortive Corp FTV with a Perform rating. Fortive shares closed at $54.13 on Tuesday.
• Analysts at Macquarie initiated coverage on California Water Service Group CWT with a Neutral rating. The price target for California Water Service is set to $32. California Water Service shares closed at $33.05 on Tuesday.
• Analysts at Guggenheim initiated coverage on Advance Auto Parts, Inc. AAP with a Neutral rating. Advance Auto Parts shares closed at $173.00 on Tuesday.
• Analysts at Jefferies initiated coverage on Palo Alto Networks Inc PANW with a Hold rating. The price target for Palo Alto is set to $153. Palo Alto shares closed at $138.45 on Tuesday.
• Deutsche Bank initiated coverage on Illumina, Inc. ILMN with a Hold rating. The price target for Illumina is set to $160. Illumina shares closed at $160.47 on Tuesday.
• Guggenheim initiated coverage on O'Reilly Automotive Inc ORLY with a Buy rating. The price target for O'Reilly is set to $310. O'Reilly shares closed at $278.76 on Tuesday.