Benzinga's Top Upgrades, Downgrades For September 26, 2017

Top Upgrades

• Analysts at UBS upgraded Discovery Communications Inc. DISCA from Sell to Neutral. Discovery shares rose 1.03 percent to $21.57 in pre-market trading.
• Deutsche Bank upgraded RH RH from Hold to Buy. RH shares gained 1.41 percent to $72.64 in pre-market trading.
• Credit Suisse upgraded Boston Beer Company Inc SAM from Underperform to Neutral. Boston Beer shares fell 0.81 percent to close at $153.00 on Monday.
• Leerink Swann upgraded Dova Pharmaceuticals Inc DOVA from Market Perform to Outperform. Dova Pharmaceuticals shares dropped 8.52 percent to close at $22.45 on Monday.
• Cowen & Co. upgraded Altria Group Inc MO from Market Perform to Outperform. Altria shares rose 0.56 percent to $64.15 in pre-market trading.
• Atlantic Equities upgraded L Brands Inc LB from Neutral to Overweight. L Brands shares rose 1.47 percent to $41.50 in pre-market trading.
• Analysts at JP Morgan upgraded Macerich Co MAC from Neutral to Overweight. Macerich shares rose 2.73 percent to close at $54.16 on Monday.
• Cowen & Co. upgraded British American Tobacco PLC (ADR) BTI from Market Perform to Outperform. British American Tobacco shares fell 1.08 percent to $61.32 in pre-market trading.
• Analysts at KeyBanc upgraded Summit Hotel Properties Inc INN from Sector Weight to Overweight. Summit Hotel shares rose 0.65 percent to close at $15.46 on Monday.

Top Downgrades

• Deutsche Bank downgraded JPMorgan Chase & Co. JPM from Buy to Hold. JPMorgan shares slipped 0.46 percent to $93.69 in pre-market trading.
• Wedbush downgraded Shake Shack Inc SHAK from Outperform to Neutral. Shake Shack shares dropped 0.92 percent to $33.30 in pre-market trading.
• Analysts at JP Morgan downgraded Taubman Centers, Inc. TCO from Overweight to Neutral. Taubman Centers shares declined 0.82 percent to $49.59 in pre-market trading.
• Baird downgraded Calgon Carbon Corporation CCC from Outperform to Neutral. Calgon Carbon shares fell 0.12 percent to $21.38 in pre-market trading.
• Wedbush downgraded Cheesecake Factory Inc CAKE from Outperform to Neutral. Cheesecake Factory shares fell 0.96 percent to $41.20 in pre-market trading.
• Deutsche Bank downgraded PNC Financial Services Group Inc PNC from Buy to Hold. PNC Financial shares rose 0.07 percent to close at $133.52 on Monday.
• Analysts at Citigroup downgraded AFLAC Incorporated AFL from Neutral to Sell. Aflac shares dropped 1.69 percent to $82.84 in pre-market trading.
• Buckingham downgraded Hawaiian Holdings, Inc. HA from Buy to Neutral. Hawaiian shares dropped 0.80 percent to $37.15 in pre-market trading.
• Evercore ISI Group downgraded Consolidated Edison, Inc. ED from In-Line to Underperform. Consolidated Edison shares rose 1.90 percent to $83.80 in pre-market trading.
• Bank of America downgraded World Fuel Services Corp INT from Neutral to Underperform. World Fuel Services shares fell 0.65 percent to $36.50 in pre-market trading.

Top Initiations

• Analysts at Deutsche Bank initiated coverage on Dycom Industries, Inc. DY with a Buy rating. The price target for Dycom is set to $103. Dycom shares closed at $81.23 on Monday.
• HSBC initiated coverage on DowDuPont Inc DWDP with a Hold rating. The price target for DowDuPont is set to $66. DowDuPont shares closed at $70.34 on Monday.
• Cowen & Co. initiated coverage on Alder Biopharmaceuticals Inc ALDR with a Outperform rating. The price target for Alder Biopharmaceuticals is set to $20. Alder Biopharmaceuticals shares closed at $11.15 on Monday.
• Analysts at BMO Capital initiated coverage of Cheniere Energy, Inc. LNG with an Outperform rating. The price target for Cheniere Energy is set to $60. Cheniere Energy shares closed at $44.12 on Monday.
• Analysts at Macquarie initiated coverage on Delta Air Lines, Inc. DAL with an Outperform rating. The price target for Delta Air is set to $61. Delta Air shares closed at $48.32 on Monday.
• RBC Capital initiated coverage on Tegna Inc TGNA with a Sector Perform rating. The price target for Tegna is set to $14. Tegna shares closed at $12.86 on Monday.
• H.C. Wainwright initiated coverage on Corium International Inc CORI with a Buy rating. The price target for Corium International is set to $15. Corium International shares closed at $10.88 on Monday.
• Analysts at Berenberg initiated coverage on Equinix, Inc. EQIX with Buy rating. The price target for Equinix is set to $550. Equinix shares closed at $437.21 on Monday.
• Analysts at DA Davidson initiated coverage on Schweitzer-Mauduit International, Inc. SWM with a Buy rating. The price target for Schweitzer-Mauduit is set to $47. Schweitzer-Mauduit closed at $40.11 on Monday.
• Macquarie initiated coverage of American Airlines Group Inc AAL with a Neutral rating. The price target for American Airlines is set to $47. American Airlines shares closed at $47.70 on Monday.