Benzinga's Top Upgrades, Downgrades For May 2, 2017

Top Upgrades

• Analysts at Citigroup upgraded Seaspan Corporation SSW from Sell to Neutral. Seaspan shares fell 3.41 percent to close at $6.80 on Monday.
• Analysts at Raymond James upgraded FleetCor Technologies, Inc. FLT from Outperform to Strong Buy. Fleetcor Technologies shares gained 4.60 percent to $155.00 in pre-market trading.
• Analysts at Morgan Stanley upgraded WESCO International, Inc. WCC from Equal-Weight to Overweight. WESCO shares fell 0.74 percent to close at $60.50 on Monday.
• KeyBanc upgraded DuPont Fabros Technology, Inc. DFT from Sector Weight to Overweight. Dupont Fabros shares climbed 1.09 percent to $52.00 in pre-market trading.
• Citigroup upgraded Meredith Corporation MDP from Neutral to Buy. Meredith shares fell 1.62 percent to close at $57.60 on Monday.
• Raymond James upgraded Chegg Inc CHGG from Market Perform to Outperform. Chegg shares rose 14.63 percent to $10.50 in pre-market trading.
• Janney Montgomery Scott upgraded Credit Acceptance Corp. CACC from Sell to Neutral. Credit Acceptance shares gained 1.75 percent to close at $206.81 on Monday.

Top Downgrades

• Credit Suisse downgraded Rudolph Technologies Inc RTEC from Neutral to Underperform. Rudolph Technologies shares gained 3.67 percent to close at $25.40 on Monday.
• Loop Capital downgraded Angie's List Inc ANGI from Buy to Hold. Angie's List shares climbed 48.56 percent to $8.75 in pre-market trading.
• Analysts at Cowen & Co. downgraded Radius Health Inc RDUS from Outperform to Market Perform. Radius Health shares rose 0.45 percent to $35.47 in pre-market trading.
• Raymond James downgraded CalAtlantic Group Inc CAA from Outperform to Market Perform. CalAtlantic Group shares fell 1.33 percent to close at $35.74 on Monday.
• Leerink Swann downgraded Intra-Cellular Therapies Inc ITCI from Outperform to Market Perform. Intra-Cellular Therapies shares slipped 3.15 percent to $10.16 in pre-market trading.
• Deutsche Bank downgraded Cna Financial Corp CNA from Buy to Hold. CNA Financial shares dropped 0.39 percent to $46.20 in pre-market trading.
• Analysts at Morgan Stanley downgraded Fortive Corp FTV from Overweight to Equal-Weight. Fortive shares slipped 1.45 percent to close at $62.34 on Monday.
• B. Riley downgraded Jive Software Inc JIVE from Buy to Neutral. Jive Software shares fell 0.47 percent to $5.25 in pre-market trading.
• Macquarie downgraded Advanced Micro Devices, Inc. AMD from Neutral to Underperform. AMD shares dropped 12.26 percent to $11.95 in pre-market trading.
• Raymond James downgraded Arthur J Gallagher & Co AJG from Outperform to Market Perform. Arthur J. Gallagher shares rose 0.23 percent to close at $55.94 on Monday.

Top Initiations

• Analysts at Canaccord Genuity initiated coverage of Okta Inc OKTA with a Hold rating. The price target for Okta is set to $25. Okta shares closed at $25.52 on Monday.
• Analysts at Credit Suisse initiated coverage on Elevate Credit Inc ELVT with an Outperform rating. The price target for Elevate Credit is set to $11. Elevate Credit shares closed at $8.00 on Monday.
• Analysts at Morgan Stanley initiated coverage on Enbridge Inc (USA) ENB with an Equal-Weight rating. The price target for Enbridge is set to $45. Enbridge shares closed at $41.09 on Monday.
• Analysts at Janney Capital initiated coverage on Global Blood Therapeutics Inc GBT with a Buy rating. The price target for Global Blood Therapeutics is set to $37. Global Blood Therapeutics shares closed at $30.75 on Monday.
• Analysts at Barclays initiated coverage on Adobe Systems Incorporated ADBE with an Overweight rating. Adobe shares closed at $135.11 on Monday.
• Analysts at Goldman Sachs initiated coverage of Okta Inc OKTA with a Neutral rating. The price target for Okta is set to $22. Okta shares closed at $25.52 on Monday.
• Bank of America initiated coverage on Madison Square Garden Co MSG with a Buy rating. The price target for Madison Square Garden is set to $243. Madison Square Garden shares closed at $202.33 on Monday.
• Analysts at Morgan Stanley initiated coverage on C&J Energy Services, Inc. CJ with an Equal-Weight rating. The price target for C&J Energy is set to $44. C&J Energy shares closed at $29.13 on Monday.