Benzinga's Top Upgrades, Downgrades For December 7, 2017

Top Upgrades

• MKM Partners upgraded Hyatt Hotels Corporation H from Neutral to Buy. Hyatt shares fell 1.5 percent to close at $71.11 on Wednesday.
• JP Morgan upgraded AK Steel Holding Corporation AKS from Neutral to Overweight. AK Steel shares gained 5.4 percent to $5.30 in pre-market trading.
• Analysts at Raymond James upgraded Davita Inc DVA from Outperform to Strong Buy. DaVita shares rose 1.45 percent to $70.20 in pre-market trading.
• Analysts at Canaccord Genuity upgraded Lululemon Athletica inc. LULU from Sell to Hold. Lululemon shares rose 9.14 percent to $73.85 in pre-market trading.
• Morgan Stanley upgraded Shake Shack Inc SHAK from Underweight to Equal-Weight. Shake Shack shares fell 1.32 percent to close at $41.78 on Wednesday.
• Analysts at Instinet upgraded Lam Research Corporation LRCX from Neutral to Buy. Lam Research shares rose 1.75 percent to $187.45 in pre-market trading.
• Bank of America upgraded Commercial Metals Company CMC from Neutral to Buy. Commercial Metals shares rose 2.69 percent to close at $20.02 on Wednesday.

Top Downgrades

• MKM Partners downgraded Expedia Inc EXPE from Buy to Neutral. Expedia shares fell 1.65 percent to $117.20 in pre-market trading.
• Analysts at Pivotal Research downgraded Brown-Forman Corporation BF from Buy to Hold. Brown-Forman shares fell 0.02 percent to $65.84 in pre-market trading.
• JP Morgan downgraded Ctrip.Com International Ltd (GDR) CTRP from Overweight to Neutral. Ctrip.com shares fell 2.5 percent to $44.15 in pre-market trading.
• JP Morgan downgraded Secureworks Corp SCWX from Overweight to Neutral. SecureWorks shares rose 0.15 percent to $9.05 in pre-market trading.
• Raymond James downgraded Toll Brothers Inc TOL from Strong Buy to Outperform. Toll Brothers shares fell 0.26 percent to $46.56 in pre-market trading.
• PiperJaffray downgraded Yelp Inc YELP from Neutral to Underweight. Yelp shares fell 4.25 percent to $40.10 in pre-market trading.
• Analysts at Imperial Capital downgraded Bill Barrett Corporation BBG from Outperform to In-Line. Bill Barrett shares fell 1.94 percent to $4.56 in pre-market trading.
• Argus downgraded Allergan plc AGN from Buy to Hold. Allergan shares dropped 0.64 percent to $166.93 in pre-market trading.
• MKM Partners downgraded Priceline Group Inc PCLN from Buy to Neutral. Priceline shares fell 1 percent to $1,701.89 in pre-market trading.

Top Initiations

• BTIG Research initiated coverage on Akebia Therapeutics Inc AKBA with a Buy rating. The price target for Akebia Therapeutics is set to $30. Akebia Therapeutics shares closed at $15.40 on Wednesday.
• Analysts at SunTrust Robinson Humphrey initiated coverage on SYNNEX Corporation SNX with a Buy rating. The price target for SYNNEX is set to $145. SYNNEX shares closed at $130.68 on Wednesday.
• Oppenheimer initiated coverage on Cummins Inc. CMI with an Outperform rating. The price target for Cummins is set to $192. Cummins shares closed at $165.38 on Wednesday.
• B. Riley initiated coverage on U.S. Silica Holdings Inc SLCA with a Buy rating. The price target for U.S. Silica is set to $40. U.S. Silica shares closed at $31.80 on Wednesday.
• JP Morgan initiated coverage on Sogou Inc SOGO with an Overweight rating. The price target for Sogou is set to $17. Sogou shares closed at $11.43 on Wednesday.
• Analysts at Credit Suisse initiated coverage on WEC Energy Group Inc WEC with a Neutral rating. The price target for WEC Energy is set to $70. WEC Energy shares closed at $68.42 on Wednesday.
• Analysts at Oppenheimer initiated coverage on BorgWarner Inc. BWA with an Outperform rating. The price target for BorgWarner is set to $63. BorgWarner shares closed at $53.05 on Wednesday.
• Analysts at B. Riley initiated coverage on Hi-Crush Partners LP HCLP with a Buy rating. The price target for Hi-Crush Partners is set to $16. Hi-Crush Partners shares closed at $10.00 on Wednesday.
• Analysts at Macquarie initiated coverage on 2U Inc TWOU with an Outperform rating. The price target for 2U is set to $71. 2U closed at $58.40 on Wednesday.