Benzinga's Top Upgrades, Downgrades For January 25, 2017

Top Upgrades

• Analysts at Deutsche Bank upgraded Alcoa Corp AA from Sell to Hold. Alcoa shares rose 2.77 percent to $38.54 in pre-market trading.
• PiperJaffray upgraded Transocean LTD RIG from Underweight to Neutral. Transocean shares rose 0.80 percent to $15.04 in pre-market trading.
• Analysts at BMO Capital upgraded Packaging Corp Of America PKG from Market Perform to Outperform. Packaging Corp shares gained 4.25 percent to close at $92.08 on Tuesday.
• Nomura upgraded Melco Crown Entertainment Ltd (ADR) MPEL from Reduce to Neutral. Melco Crown shares rose 3.30 percent to close at $17.24 on Tuesday.
• Analysts at UBS upgraded CSX Corporation CSX from Neutral to Buy. CSX shares gained 1.63 percent to $47.45 in pre-market trading.
• Telsey Advisory Group upgraded American Eagle Outfitters AEO from Market Perform to Outperform. American Eagle shares gained 1.63 percent to close at $14.98 on Monday.
• Goldman Sachs upgraded HCP, Inc. HCP from Neutral to Buy. HCP shares gained 1.26 percent to $30.62 in pre-market trading.
• Jefferies upgraded Centurylink Inc CTL from Underperform to Hold. CenturyLink shares fell 0.93 percent to close at $25.57 on Tuesday.
• Analysts at JP Morgan upgraded JetBlue Airways Corporation JBLU from Neutral to Overweight. JetBlue shares rose 2.71 percent to $22.00 in pre-market trading.
• Analysts at Morgan Stanley upgraded DISH Network Corp DISH from Equal-Weight to Overweight. DISH shares rose 1.58 percent to close at $62.43 on Tuesday.

Top Downgrades

• JP Morgan downgraded Southwest Airlines Co LUV from Overweight to Neutral. Southwest shares dropped 1.31 percent to $49.00 in pre-market trading.
• Wunderlich downgraded Polaris Industries Inc. PII from Buy to Hold. Polaris Industries shares rose 0.68 percent to $87.00 in pre-market trading.
• RBC Capital downgraded Verizon Communications Inc. VZ from Outperform to Sector Perform. Verizon shares dropped 0.84 percent to $49.70 in pre-market trading.
• Citigroup downgraded J2 Global Inc JCOM from Buy to Neutral. j2 Global shares rose 1.75 percent to close at $86.49 on Tuesday.
• Telsey Advisory Group downgraded Kate Spade & Co KATE from Outperform to Market Perform. Kate Spade shares rose 1.14 percent to close at $18.61 on Tuesday.
• Keefe Bruyette & Woods downgraded Popular Inc BPOP from Outperform to Market Perform. Popular shares rose 2.17 percent to close at $45.13 on Tuesday.
• Analysts at National Bank Financial downgraded Enbridge Energy Partners, L.P. EEP from Outperform to Sector Perform. Enbridge Energy shares rose 0.71 percent to $25.50 in pre-market trading.
• JP Morgan downgraded AK Steel Holding Corporation AKS from Overweight to Neutral. AK Steel shares dropped 4.15 percent to $8.32 in pre-market trading.

Top Initiations

• Analysts at Raymond James initiated coverage of Organovo Holdings Inc ONVO with an Outperform rating. The price target for Organovo is set to $5. Organovo shares closed at $3.49 on Tuesday.
• Analysts at Brean Capital initiated coverage on Mimecast Ltd MIME with a Buy rating. The price target for Mimecast is set to $27. Mimecast shares closed at $21.81 on Tuesday.
• Analysts at RBC Capital initiated coverage on Performance Food Group Co PFGC with a Sector Perform rating. The price target for Performance Food is set to $24. Performance Food shares closed at $22.70 on Tuesday.
• Analysts at Guggenheim initiated coverage of Gogo Inc GOGO with a Buy rating. The price target for Gogo is set to $14. Gogo shares closed at $8.71 on Tuesday.
• Analysts at Credit Suisse initiated coverage on Exelon Corporation EXC with an Outperform rating. Exelon shares closed at $35.13 on Tuesday.
• Analysts at Morgan Stanley initiated coverage on Carter's, Inc. CRI with an Overweight rating. Carter's shares closed at $85.08 on Tuesday.
• Analysts at William Blair assumed coverage on SAP SE (ADR) SAP with a Market Perform rating. SAP shares closed at $89.63 on Tuesday.
• Analysts at DA Davidson initiated coverage on Arista Networks Inc ANET with a Buy rating. The price target for Arista Networks is set to $118. Arista Networks shares closed at $92.47 on Tuesday.
• Buckingham initiated coverage on American Eagle Outfitters AEO with a Neutral rating. The price target for American Eagle is set to $16. American Eagle shares closed at $14.98 on Tuesday.
• Wells Fargo initiated coverage on Wal-Mart Stores Inc WMT with a Market Perform rating. Wal-Mart shares closed at $67.40 on Tuesday.