Benzinga's Top Upgrades, Downgrades For January 19, 2018

Top Upgrades

• Bank of America upgraded Cummins Inc. CMI from Neutral to Buy. Cummins shares closed at $183.72 on Thursday.
• Morgan Stanley upgraded Bank of New York Mellon Corp BK from Equal-Weight to Overweight. Bank of New York Mellon fell 0.18 percent to $55.25 in pre-market trading.
• Analysts at BTIG Research upgraded Ocular Therapeutix Inc OCUL from Neutral to Buy. Ocular Therapeutix shares rose 5.23 percent to $5.83 in pre-market trading.
• Analysts at Stifel Nicolaus upgraded Sientra Inc SIEN from Hold to Buy. Sientra shares gained 6.49 percent to $11.00 in pre-market trading.
• Argus upgraded Abercrombie & Fitch Co. ANF from Hold to Buy. Abercrombie & Fitch shares gained 2.11 percent to $19.35 in pre-market trading.
• Analysts at Raymond James upgraded Chipotle Mexican Grill, Inc. CMG from Underperform to Market Perform. Chipotle shares rose 0.70 percent to $339.90 in pre-market trading.
• Deutsche Bank upgraded Sirius XM Holdings Inc. SIRI from Hold to Buy. Sirius XM shares closed at $5.47 on Wednesday.
• Analysts at Exane BNP Paribas upgraded Fiat Chrysler Automobiles N.V. FCAU from Underperform to Neutral. Fiat Chrysler shares closed at $23.12 on Thursday.
• Goldman Sachs upgraded Jack in the Box Inc. JACK from Neutral to Buy. Jack In The Box shares closed at $93.21 on Thursday.

Top Downgrades

• Bank of America downgraded Inphi Corporation IPHI from Buy to Neutral. Inphi shares closed at $35.40 on Thursday.
• Analysts at Cowen & Co. downgraded Mueller Water Products, Inc. MWA from Market Perform to Underperform. Mueller Water shares closed at $12.28 on Thursday.
• William Blair downgraded Appian Corporation APPN from Outperform to Market Perform. Appian shares closed at $36.15 on Thursday.
• Deutsche Bank downgraded Hologic, Inc. HOLX from Buy to Hold. Hologic shares closed at $43.85 on Thursday.
• Deutsche Bank downgraded McCormick & Company, Incorporated MKC from Hold to Sell. McCormick shares closed at $102.91 on Thursday.
• Stephens & Co. downgraded Align Technology, Inc. ALGN from Overweight to Equal-Weight. Align Technology shares closed at $270.70 on Thursday.
• Analysts at Goldman Sachs downgraded Bloomin' Brands, Inc. BLMN from Neutral to Sell. Bloomin Brands shares closed at $21.96 on Thursday.
• Buckingham downgraded Parker-Hannifin Corporation PH from Buy to Neutral. Parker Hannifin shares closed at $210.54 on Thursday.

Top Initiations

• Maxim Group initiated coverage on Dolphin Entertainment, Inc. DLPN with a Buy rating. The price target for Dolphin Entertainment is set to $6. Dolphin Entertainment shares closed at $3.15 on Thursday.
• Jefferies initiated coverage on Wynn Resorts, Limited WYNN with a Buy rating. The price target for Wynn Resorts is set to $202. on Wynn Resorts shares closed at $175.48 on Thursday.
• Stifel Nicolaus initiated coverage on The Trade Desk, Inc. TTD with a Buy rating. The price target for Trade Desk is set to $62. Trade Desk shares closed at $48.36 on Thursday.
• Analysts at Raymond James initiated coverage on Corbus Pharmaceuticals Holdings, Inc. CRBP with an Outperform rating. The price target for Corbus Pharmaceuticals is set to $24. Corbus Pharmaceuticals shares closed at $7.95 on Thursday.
• Analysts at Barclays initiated coverage on KKR Real Estate Finance Trust Inc. KREF with an Overweight rating. The price target for KKR Real Estate Finance is set to $21. KKR Real Estate Finance shares closed at $19.59 on Thursday.
• Janney Capital initiated coverage on Sunoco LP SUN with a Neutral rating. The price target for Sunoco is set to $33. Sunoco shares closed at $31.43 on Thursday.
• Analysts at Evercore ISI Group initiated coverage on athenahealth, Inc. ATHN with an In-Line rating. The price target for athenahealth is set to $140. athenahealth shares closed at $125.53 on Thursday.
• Analysts at Jefferies initiated coverage on Kraft Heinz Intermediate Corporation KHC with a Buy rating. The price target for Kraft Heinz is set to $95. Kraft Heinz shares closed at $79.27 on Thursday.