Benzinga's Top Upgrades, Downgrades For February 2, 2017

Top Upgrades

• Analysts at Morgan Stanley upgraded Acacia Communications, Inc. ACIA from Equal-Weight to Overweight. Acacia Communications shares rose 3.73 percent to $57.03 in pre-market trading.
• Bank of America upgraded United States Steel Corporation X from Neutral to Buy. United States Steel shares rose 2.30 percent to $32.05 in pre-market trading.
• Piper Jaffray upgraded WABCO Holdings Inc. WBC from Neutral to Overweight. WABCO shares rose 0.81 percent to $113.14 in pre-market trading.
• Analysts at JP Morgan upgraded Tesoro Corporation TSO from Neutral to Overweight. Tesoro shares rose 0.93 percent to $81.73 in pre-market trading.
• Analysts at Berenberg upgraded Mead Johnson Nutrition CO MJN from Sell to Hold. Mead Johnson Nutrition shares rose 27.05 percent to $88.30 in pre-market trading.
• Analysts at UBS upgraded Marathon Petroleum Corp MPC from Neutral to Buy. Marathon Petroleum shares rose 2.43 percent to $48.87 in pre-market trading.
• Guggenheim upgraded Foot Locker, Inc. FL from Neutral to Buy. Foot Locker shares fell 0.60 percent to $67.90 in pre-market trading.
• Analysts at Citigroup upgraded Celanese Corporation CE from Neutral to Buy. Celanese shares gained 1.88 percent to close at $85.99 on Wednesday.
• JP Morgan upgraded Alcoa Corp AA from Neutral to Overweight. Alcoa shares gained 1.38 percent to $36.76 in pre-market trading.
• BGC Partners upgraded Apple Inc. AAPL from Sell to Hold. Apple shares fell 0.26 percent to $128.42 in pre-market trading.

Top Downgrades

• Argus Research downgraded United Rentals, Inc. URI from Buy to Hold. United Rentals shares fell 0.88 percent to $128.75 in pre-market trading.
• Baird downgraded CVS Health Corp CVS from Outperform to Neutral. CVS Health shares fell 1.90 percent to $76.49 in pre-market trading.
• BTIG Research downgraded Edwards Lifesciences Corp EW from Buy to Neutral. Edwards Lifesciences shares fell 5.01 percent to $93.11 in pre-market trading.
• Pivotal Research downgraded Facebook Inc FB from Buy to Hold. Facebook shares rose 1.03 percent to $134.60 in pre-market trading.
• Goldman Sachs downgraded Nordstrom, Inc. JWN from Neutral to Sell. Nordstrom shares dropped 1.87 percent to $43.00 in pre-market trading.
• BMO Capital downgraded Qorvo Inc QRVO from Outperform to Market Perform. Qorvo shares fell 7.36 percent to $59.80 in pre-market trading.
• Analysts at Goldman Sachs downgraded Urban Outfitters, Inc. URBN from Neutral to Sell. Urban Outfitters shares fell 3.05 percent to $25.43 in pre-market trading.
• Analysts at PiperJaffray downgraded Wabash National Corporation WNC from Overweight to Neutral. Wabash National shares declined 1.53 percent to $19.89 in pre-market trading.
• Morgan Stanley downgraded Transocean LTD RIG from Equal-Weight to Underweight. Transocean shares fell 0.43 percent to $13.93 in pre-market trading.
• Analysts at Berenberg downgraded Allegheny Technologies Incorporated ATI from Hold to Sell. Allegheny Technologies shares dropped 1.71 percent to $21.25 in pre-market trading.

Top Initiations

• Analysts at Susquehanna initiated coverage on AutoNation, Inc. AN with a Neutral rating. AutoNation shares closed at $52.42 on Wednesday.
• Analysts at Craig-Hallum initiated coverage on Iteris Inc ITI with a Buy rating. Iteris shares closed at $5.03 on Wednesday.
• Analysts at Ladenburg Thalmann initiated coverage of Trevena Inc TRVN with a Buy rating. The price target for Trevena is set to $15. Trevena shares closed at $7.10 on Wednesday.
• Analysts at Susquehanna initiated coverage on Group 1 Automotive, Inc. GPI with a Neutral rating. Group 1 Automotive shares closed at $79.18 on Wednesday.
• Analysts at Morgan Stanley initiated coverage on Bioverativ Inc BIVVV with an Underweight rating. Bioverativ shares closed at $44.45 on Wednesday.
• Analysts at Ladenburg Thalmann initiated coverage of Alnylam Pharmaceuticals, Inc. ALNY with a Buy rating. The price target for Alnylam Pharmaceuticals is set to $75. Alnylam Pharmaceuticals shares closed at $40.45 on Wednesday.
• Analysts at BMO Capital initiated coverage on Teck Resources Ltd (USA) TECK with an Outperform rating. Teck Resources shares closed at $25.36 on Wednesday.
• Dougherty initiated coverage on Manitowoc Foodservice Inc MFS with a Buy rating. Manitowoc Foodservice shares closed at $19.31 on Wednesday.