Benzinga's Top Upgrades, Downgrades For May 5, 2017

Top Upgrades

• Analysts at Bank of America upgraded Zynga Inc ZNGA from Underperform to Neutral. Zynga shares rose 11.27 percent to $3.16 in pre-market trading.
• Analysts at Cantor Fitzgerald upgraded Web.com Group Inc WEB from Hold to Overweight. Web.com shares dropped 0.51 percent to $19.50 in after-hours trading.
• Analysts at Wells Fargo upgraded Hess Corp. HES from Market Perform to Outperform. Hess shares fell 2.20 percent to close at $45.84 on Thursday.
• Guggenheim upgraded IAC/InterActiveCorp IAC from Neutral to Buy. IAC/InterActive shares climbed 1.64 percent to $99.40 in pre-market trading.
• Macquarie upgraded Verisk Analytics, Inc. VRSK from Neutral to Outperform. Verisk Analytics shares rose 0.50 percent to $78.40 in pre-market trading.
• Raymond James upgraded Targa Resources Corp TRGP from Outperform to Strong Buy. Targa Resources shares rose 0.49 percent to $49.15 in pre-market trading.
• Canaccord Genuity upgraded Regeneron Pharmaceuticals Inc REGN from Hold to Buy. Regeneron Pharmaceuticals shares rose 0.85 percent to $438.00 in pre-market trading.
• Analysts at UBS upgraded CF Industries Holdings, Inc. CF from Neutral to Buy. CF Industries shares rose 0.66 percent to $27.25 in pre-market trading.
• Oppenheimer upgraded Regal Beloit Corp RBC from Perform to Outperform. Regal Beloit shares gained 0.06 percent to close at $78.75 on Thursday.
• JP Morgan upgraded Scripps Networks Interactive, Inc. SNI from Neutral to Overweight. Scripps Networks shares rose 2.63 percent to close at $70.20 on Thursday.

Top Downgrades

• Wells Fargo downgraded U.S. Bancorp USB from Outperform to Market Perform. US Bancorp shares rose 0.19 percent to close at $52.31 on Thursday.
• Baird downgraded Akamai Technologies, Inc. AKAM from Outperform to Neutral. Akamai Technologies shares fell 0.28 percent to $52.71 in pre-market trading.
• Goldman Sachs downgraded Yum China Holdings Inc YUMC from Buy to Neutral. Yum China shares dropped 1.65 percent to close at $34.50 on Thursday.
• Analysts at FBR Capital downgraded National CineMedia, Inc. NCMI from Outperform to Market Perform. National CineMedia shares dropped 1.51 percent to close at $11.72 on Thursday.
• Jefferies downgraded MAXIMUS, Inc. MMS from Buy to Hold. Maximus shares gained 2.85 percent to close at $61.39 on Thursday.
• JMP Securities downgraded Kennedy-Wilson Holdings Inc KW from Market Outperform to Market Perform. Kennedy-Wilson shares gained 0.74 percent to close at $20.40 on Thursday.
• Societe Generale downgraded Estee Lauder Companies Inc EL from Buy to Hold. Estee Lauder shares rose 0.61 percent to close at $91.86 on Thursday.
• Analysts at Baird downgraded Stericycle Inc SRCL from Neutral to Underperform. Stericycle shares rose 1.28 percent to $86.83 in pre-market trading.
• Argus Research downgraded Celgene Corporation CELG from Buy to Hold. Celgene shares fell 0.48 percent to $123.86 in pre-market trading.
• Morgan Stanley downgraded Choice Hotels International Inc CHH from Overweight to Equal-Weight. Choice Hotels shares gained 1.85 percent to close at $66.10 on Thursday.

Top Initiations

• Analysts at BMO Capital initiated coverage of Coherus Biosciences Inc CHRS with an Outperform rating. The price target for Coherus Biosciences is set to $54. Coherus Biosciences shares closed at $19.30 on Thursday.
• Analysts at UBS initiated coverage on Alder Biopharmaceuticals Inc ALDR with a Sell rating. The price target for Alder Biopharmaceuticals is set to $13. Alder Biopharmaceuticals shares closed at $21.80 on Thursday.
• Analysts at Cantor Fitzgerald initiated coverage on Versartis Inc VSAR with an Overweight rating. The price target for Versartis is set to $34. Versartis shares closed at $17.05 on Thursday.
• Analysts at Bank of America initiated coverage on Neurocrine Biosciences, Inc. NBIX with a Buy rating. The price target for Neurocrine Biosciences is set to $70. Neurocrine Biosciences shares closed at $53.63 on Thursday.
• Analysts at Citi initiated coverage on Playa Hotels & Resorts NV PLYA with a Neutral rating. Playa Hotels shares closed at $10.16 on Thursday.