Benzinga's Top Upgrades

Analysts at JP Morgan upgraded

Chipotle Mexican Grill, Inc. CMG

from Neutral to Overweight. The target price for Chipotle has been raised from $465 to $510. Chipotle shares gained 2.82 percent to $457.20 in pre-market trading. Analysts at Pacific Crest upgraded

Red Hat IncRHT

from Sector Weight to Overweight. Red Hat shares declined 0.01 percent to close at $74.04 on Wednesday. Piper Jaffray upgraded

Baxter International IncBAX

from Neutral to Overweight. The target price for Baxter has been raised from $39 to $58. Baxter shares gained 0.99 percent to $42.76 in pre-market trading. UBS upgraded

Applied Materials, Inc. AMAT

from Neutral to Buy. Applied Materials shares fell 0.42 percent to $21.22 in pre-market trading.