Benzinga's Top Upgrades, Downgrades For April 17, 2018

Top Upgrades

• Wells Fargo upgraded Newell Brands Inc. NWL from Market Perform to Outperform. Newell Brands shares rose 2.25 percent to $26.84 in pre-market trading.
• Goldman Sachs upgraded The Coca-Cola Company KO from Sell to Neutral. Coca-Cola shares rose 0.72 percent to $45.00 in pre-market trading.
• William Blair upgraded NetApp Inc. NTAP from Market Perform to Outperform. NetApp shares closed at $68.27 on Monday.
• Morgan Stanley upgraded Twitter, Inc. TWTR from Underweight to Equal-Weight. Twitter shares rose 2.34 percent to $29.25 in pre-market trading.
• Pivotal Research upgraded The Walt Disney Company DIS from Sell to Hold. Disney shares rose 0.74 percent to $100.98 in pre-market trading.
• Bank of America upgraded Lazard Ltd LAZ from Neutral to Buy. Lazard shares closed at $52.81 on Monday.
• Berenberg upgraded Trimble Inc. TRMB from Hold to Buy. Trimble shares rose 2.3 percent to $35.97 in pre-market trading.
• Analysts at JP Morgan upgraded Dollar General Corporation DG from Neutral to Overweight. Dollar General rose 2 percent to $99.00 in pre-market trading.
• Morgan Stanley upgraded Merck & Co., Inc. MRK from Equal-Weight to Overweight. Merck shares rose 1.81 percent to $59.73 in pre-market trading.
• Goldman Sachs upgraded Coca-Cola European Partners plc CCE from Neutral to Buy. Coca-Cola European shares gained 1.52 percent to $42.16 in pre-market trading.

Top Downgrades

• Goldman Sachs downgraded PepsiCo, Inc. PEP from Neutral to Sell. PepsiCo shares fell 0.84 percent to $109.00 in pre-market trading.
• RBC Capital downgraded International Paper Company IP from Outperform to Sector Perform. International Paper shares dropped 0.22 percent to $53.62 in pre-market trading.
• BMO Capital downgraded Vermilion Energy Inc. VET from Outperform to Market Perform. Vermilion Energy shares fell 2.69 percent to close at $34.02 on Monday.
• Piper Jaffray downgraded Acacia Communications, Inc. ACIA from Overweight to Neutral. Acacia Communications shares fell 0.51 percent to $25.50 in pre-market trading.
• Analysts at Roth Capital downgraded Netlist, Inc. NLST from Buy to Neutral. Netlist shares fell 29.98 percent to $0.17 in pre-market trading.
• Cantor Fitzgerald downgraded Celldex Therapeutics, Inc. CLDX from Overweight to Neutral. Celldex Therapeutics shares rose 5.12 percent to $0.80 in pre-market trading.
• Goldman Sachs downgraded Molson Coors Brewing Company TAP from Buy to Neutral. Molson Coors shares rose 0.78 percent to close at $73.55 on Monday.
• Morgan Stanley downgraded Bristol-Myers Squibb Company BMY from Overweight to Equal-Weight. Bristol-Myers shares rose 0.13 percent to $54.15 in pre-market trading.
• Pivotal Research downgraded Time Warner Inc. TWX from Buy to Hold. Time Warner shares rose 0.68 percent to close at $97.34 on Monday.
• Citigroup downgraded Chesapeake Energy Corporation CHK from Neutral to Sell. Chesapeake Energy shares fell 0.32 percent to $3.09 in pre-market trading.

Top Initiations

• Analysts at KeyBanc initiated coverage on Dropbox, Inc. DBX with an Overweight rating. The price target for Dropbox is set to $40. Dropbox shares closed at $29.02 on Monday.
• Jefferies initiated coverage on JELD-WEN Holding, Inc. JELD with a Hold rating. The price target for JELD-WEN is set to $32. JELD-WEN shares closed at $30.78 on Monday.
• Stephens & Co. initiated coverage on GrubHub Inc. GRUB with an Overweight rating. The price target for GrubHub is set to $120. GrubHub shares closed at $98.50 on Monday.
• Stifel Nicolaus initiated coverage on Allergan plc AGN with a Hold rating. The price target for Allergan is set to $192. Allergan shares closed at $166.45 on Monday.
• Deutsche Bank initiated coverage on Dropbox, Inc. DBX with a Buy rating. The price target for Dropbox is set to $36. Dropbox shares closed at $29.02 on Monday.
• Bank of America initiated coverage on Nextdecade Corp NEXT with a Buy rating. The price target for NextDecade is set to $10. NextDecade shares closed at $5.26 on Monday.
• Oppenheimer initiated coverage on Limelight Networks, Inc. LLNW with a Buy rating. The price target for Limelight Networks is set to $6. Limelight Networks shares closed at $3.72 on Monday.
• Analysts at Stifel Nicolaus initiated coverage on Cutera, Inc. CUTR with a Hold rating. The price target for Cutera is set to $55. Cutera closed at $54.60 on Monday.
• RBC Capital initiated coverage on Synchrony Financial SYF with an Outperform rating. The price target for Synchrony Financial is set to $45. Synchrony Financial shares closed at $34.47 on Monday.