Benzinga's Top Upgrades, Downgrades For June 23, 2017

Top Upgrades

• Argus upgraded Oracle Corporation ORCL from Hold to Buy. Oracle shares fell 0.48 percent to $50.06 in pre-market trading.
• Analysts at Deutsche Bank upgraded AK Steel Holding Corporation AKS from Hold to Buy. AK Steel shares gained 4.13 percent to $6.56 in pre-market trading.
• Analysts at Needham upgraded Vertex Pharmaceuticals Incorporated VRTX from Hold to Buy. Vertex Pharmaceuticals shares gained 1.44 percent to $137.48 in pre-market trading.
• Deutsche Bank upgraded RH RH from Hold to Buy. RH shares gained 2.70 percent to $58.18 in pre-market trading.
• Analysts at Bank of America upgraded Prologis Inc PLD from Neutral to Buy. Prologis shares fell 0.71 percent to close at $57.64 on Thursday.
• BMO Capital upgraded Bemis Company, Inc. BMS from Market Perform to Outperform. Bemis shares gained 0.56 percent to $45.15 in pre-market trading.
• Deutsche Bank upgraded United States Steel Corporation X from Hold to Buy. United States Steel shares rose 2.75 percent to $21.65 in pre-market trading.
• Analysts at Aegis Capital upgraded Versum Materials Inc VSM from Hold to Buy. Versum Materials shares rose 0.50 percent to close at $31.90 on Thursday.

Top Downgrades

• JP Morgan downgraded Leju Holdings Ltd (ADR) LEJU from Neutral to Underweight. Leju Holdings shares rose 2.93 percent to close at $2.46 on Thursday.
• Analysts at Morgan Stanley downgraded Ocular Therapeutix Inc OCUL from Overweight to Equal-Weight. Ocular Therapeutix shares fell 7.28 percent to $10.70 in pre-market trading.
• JP Morgan downgraded Hain Celestial Group Inc HAIN from Overweight to Neutral. Hain Celestial shares slipped 2.97 percent to $31.69 in pre-market trading.
• Robert W. Baird downgraded EnerNOC, Inc. ENOC from Outperform to Neutral. EnerNOC shares climbed 41.67 percent to close at $7.65 on Thursday.
• Deutsche Bank downgraded Caterpillar Inc. CAT from Buy to Hold. Caterpillar shares fell 1.05 percent to $102.75 in pre-market trading.
• Raymond James downgraded Steelcase Inc. SCS from Strong Buy to Outperform. Steelcase shares slipped 1.06 percent to $13.95 in pre-market trading.
• Bank of America downgraded Tanger Factory Outlet Centers Inc. SKT from Neutral to Underperform. Tanger Factory shares dropped 1.36 percent to $25.35 in pre-market trading.
• Citigroup downgraded Mercadolibre Inc MELI from Buy to Neutral. MercadoLibre shares fell 1.36 percent to $272.00 in pre-market trading.

Top Initiations

• DA Davidson initiated coverage on Oclaro, Inc. OCLR with a Buy rating. The price target for Oclaro is set to $14. Oclaro shares closed at $9.44 on Thursday.
• Deutsche Bank initiated coverage of Gilead Sciences, Inc. GILD with a Buy rating. The price target for Gilead Sciences is set to $79. Gilead shares closed at $70.48 on Thursday.
• Analysts at JP Morgan initiated coverage on ServiceNow Inc NOW with an Overweight rating. The price target for ServiceNow is set to $125. ServiceNow shares closed at $106.93 on Thursday.
• Analysts at Piper Jaffray initiated coverage on Red Hat Inc RHT with a Neutral rating. Red Hat shares closed at $98.88 on Thursday.
• Janney Capital initiated coverage on Global Partners LP GLP with a Neutral rating. The price target for Global Partners is set to $18. Global Partners shares closed at $17.45 on Thursday.
• Analysts at Bank of America initiated coverage on Donnelley Financial Solutions Inc DFIN with a Buy rating. The price target for Donnelley Financial is set to $28. Donnelley Financial shares closed at $21.66 on Thursday.
• Oppenheimer initiated coverage on Clovis Oncology Inc CLVS with a Perform rating. Clovis Oncology shares closed at $96.78 on Thursday.
• Cowen & Co. initiated coverage on AdvanSix Inc ASIX with an Outperform rating. The price target for AdvanSix is set to $37. AdvanSix shares closed at $30.02 on Thursday.
• Analysts at H.C. Wainwright initiated coverage of Antares Pharma Inc ATRS with a Buy rating. The price target for Antares Pharma is set to $5. Antares Pharma shares closed at $3.01 on Thursday.
• Analysts at Credit Suisse initiated coverage on Whirlpool Corporation WHR with a Neutral rating. The price target for Whirlpool is set to $208. Whirlpool shares closed at $195.16 on Thursday.