Benzinga's Top Upgrades, Downgrades For January 11, 2018

Top Upgrades

• Goldman Sachs upgraded NiSource Inc. NI from Neutral to Buy. NiSource shares fell 2.31 percent to close at $24.13 on Wednesday.
• Buckingham upgraded American Eagle Outfitters AEO from Neutral to Buy. American Eagle shares rose 2.51 percent to $17.95 in pre-market trading.
• Analysts at BMO Capital upgraded Chevron Corporation CVX from Market Perform to Outperform. Chevron shares rose 0.05 percent to $128.73 in pre-market trading.
• Analysts at Berenberg upgraded Royal Caribbean Cruises Ltd. RCL from Hold to Buy. Royal Caribbean shares rose 1.01 percent to $124.30 in pre-market trading.
• UBS upgraded Axis Capital Holdings Limited AXS from Sell to Neutra. Axis Capital rose 0.02 percent to close at $48.38 on Wednesday.
• Analysts at Wells Fargo upgraded ONEOK, Inc. OKE from Market Perform to Outperform. ONEOK shares gained 0.44 percent to close at $56.74 on Wednesday.
• Loop Capital upgraded RH RH from Hold to Buy. RH shares gained 1.88 percent to $51.40 in pre-market trading.
• Morgan Stanley upgraded Expedia Inc EXPE from Equal-Weight to Overweight. Expedia shares rose 2.61 percent to $130.50 in pre-market trading.
• Analysts at Cowen & Co. upgraded VMware, Inc. VMW from Market Perform to Outperform. VMware shares rose 1.84 percent to $131.60 in pre-market trading.
• Daiwa Capital upgraded Union Pacific Corporation UNP from Neutral to Outperform. Union Pacific shares rose 0.59 percent to $140.52 in pre-market trading.

Top Downgrades

• KeyBanc downgraded Akamai Technologies, Inc. AKAM from Sector Weight to Underweight. Akamai shares fell 1.03 percent to $65.65 in pre-market trading.
• JP Morgan downgraded J B Hunt Transport Services Inc JBHT from Overweight to Neutral. JB Hunt dropped 0.17 percent to close at $120.11 on Wednesday.
• Wells Fargo downgraded Kinder Morgan Inc KMI from Outperform to Market Perform. Kinder Morgan shares dropped 0.69 percent to $18.75 in pre-market trading.
• Wedbush downgraded Tractor Supply Company TSCO from Outperform to Neutral. Tractor Supply shares fell 1.25 percent to $77.55 in pre-market trading.
• Gabelli & Co. downgraded Murphy USA Inc MUSA from Buy to Hold. Murphy shares closed at $85.95 on Wednesday.
• Analysts at Cowen & Co. downgraded Citrix Systems, Inc. CTXS from Outperform to Market Perform. Citrix shares dropped 0.97 percent to $89.94 in pre-market trading.
• Analysts at Morgan Stanley downgraded Appian Corp APPN from Equal-Weight to Underweight. Appian shares fell 4.54 percent to $33.00 in pre-market trading.
• Argus downgraded Hawaiian Holdings, Inc. HA from Buy to Hold. Hawaiian shares rose 1.06 percent to $38.15 in pre-market trading.
• Canaccord Genuity downgraded Lipocine Inc LPCN from Buy to Hold. Lipocine shares dropped 48 percent to $1.80 in pre-market trading.
• Goldman Sachs downgraded Southern Co SO from Neutral to Sell. Southern shares fell 1 percent to $45.50 in pre-market trading.

Top Initiations

• Needham initiated coverage on Coupa Software Inc COUP with a Buy rating. The price target for Coupa Software is set to $39. Coupa Software shares closed at $32.00 on Wednesday.
• Goldman Sachs initiated coverage on Avangrid Inc AGR with a Buy rating. The price target for Avangrid is set to $60. Avangrid shares closed at $47.99 on Wednesday.
• Ladenburg Thalmann initiated coverage on MVC Capital, Inc. MVC with a Buy rating. The price target for MVC Capital is set to $12. MVC Capital shares closed at $10.73 on Wednesday.
• Analysts at Nomura initiated coverage on Moody's Corporation MCO with a Buy rating. The price target for Moody's is set to $180. Moody's shares closed at $154.81 on Wednesday.
• Analysts at Vertical Group initiated coverage on Solaredge Technologies Inc SEDG with a Sell rating. Solaredge Technologies shares closed at $36.60 on Wednesday.
• SunTrust Robinson Humphrey initiated coverage on Preferred Apartment Communities Inc. APTS with a Hold rating. The price target for Preferred Apartment Communities is set to $20. Preferred Apartment Communities shares closed at $18.79 on Wednesday.
• Analysts at Barclays initiated coverage on Netflix, Inc. NFLX with an Overweight rating. The price target for Netflix is set to $245. Netflix shares closed at $212.52 on Wednesday.
• Analysts at HSBC initiated coverage on Nutrien Ltd. NTR with a Buy rating. Nutrien shares closed at $51.90 on Wednesday.
• Vertical Group. initiated coverage on First Solar, Inc. FSLR with a Buy rating. First Solar shares closed at $69.64 on Wednesday.
• Analysts at Nomura initiated coverage on S&P Global Inc SPGI with a Neutral rating. The price target for S&P Global is set to $160. S&P Global closed at $175.61 on Wednesday.