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

Top Upgrades

• Macquarie upgraded Commercial Metals Company CMC from Underperform to Neutral. Commercial Metals shares rose 2.91 percent to close at $23.67 on Wednesday.
• Bank of America upgraded Canadian National Railway Company CNI from Underperform to Buy. Canadian National Railway shares rose 0.36 percent to $83.48 in pre-market trading.
• Analysts at Wells Fargo upgraded ManTech International Corporation MANT from Market Perform to Outperform. Mantech shares rose 1.56 percent to $53.38 in pre-market trading.
• Barclays upgraded Kosmos Energy Ltd. KOS from Equal-Weight to Overweight. Kosmos Energy shares rose 3.91 percent to $7.70 in pre-market trading.
• JP Morgan upgraded NiSource Inc. NI from Neutral to Overweight. NiSource shares rose 1.72 percent to $24.82 in pre-market trading.
• UBS upgraded American International Group, Inc. AIG from Neutral to Buy. AIG shares rose 0.91 percent to $54.20 in pre-market trading.
• Morgan Stanley upgraded CNO Financial Group, Inc. CNO from Underweight to Equal-Weight. CNO Financial shares rose 0.50 percent to close at $20.14 on Wednesday.
• Stifel Nicolaus upgraded Teradata Corporation TDC from Hold to Buy. Teradata shares rose 0.05 percent to close at $38.02 on Wednesday.
• Barclays upgraded The Coca-Cola Company KO from Equal-Weight to Overweight. Coca-Cola shares rose 0.97 percent to $41.96 in pre-market trading.
• UBS upgraded Celanese Corporation CE from Neutral to Buy. Celanese shares rose 2.64 percent to close at $111.11 on Wednesday.

Top Downgrades

• KeyBanc downgraded Pentair plc PNR from Overweight to Sector Weight. Pentair shares fell 0.81 percent to $45.25 in pre-market trading.
• Wells Fargo downgraded Science Applications International Corporation SAIC from Outperform to Market Perform. Science Applications shares rose 1.24 percent to close at $90.10 on Wednesday.
• Bank of America downgraded CBS Corporation CBS from Buy to Neutral. CBS shares fell 1.08 percent to close at $53.83 on Wednesday.
• RBC Capital downgraded Tallgrass Energy Partners, LP TEP from Outperform to Sector Perform. Tallgrass Energy Partners shares declined 0.51 percent to close at $43.02 on Wednesday.
• Stifel Nicolaus downgraded Molson Coors Brewing Company TAP from Buy to Hold. Molson Coors shares fell 1.77 percent to $59.05 in pre-market trading.
• Keefe Bruyette & Woods downgraded The Progressive Corporation PGR from Outperform to Market Perform. Progressive shares fell 0.48 percent to close at $61.61 on Wednesday.
• Wells Fargo downgraded Enable Midstream Partners, LP ENBL from Outperform to Market Perform. Enable Midstream Partners shares rose 1.12 percent to close at $15.33 on Wednesday.

Top Initiations

• Analysts at Citigroup initiated coverage on Comtech Telecommunications Corp. CMTL with a Neutral rating. The price target for Comtech Telecommunications is set to $33. Comtech Telecommunications shares closed at $31.27 on Wednesday.
• KeyBanc initiated coverage on Charter Communications, Inc. CHTR with a Sector Weight rating. Charter Communications shares closed at $272.33 on Wednesday.
• Analysts at BTIG Research initiated coverage on Helius Medical Technologies, Inc. HSDT with a Buy rating. The price target for Helius Medical is set to $14. Helius Medical closed at $11.11 on Wednesday.
• Deutsche Bank initiated coverage on VICI Properties Inc. VICI with a Buy rating. The price target for VICI Properties is set to $22. VICI Properties shares closed at $19.65 on Wednesday.
• Evercore ISI Group initiated coverage on Align Technology, Inc. ALGN with an Outperform rating. The price target for Align Technology is set to $340. Align Technology shares closed at $287.96 on Wednesday.
• Analysts at DA Davidson initiated coverage on BayCom Corp. BCML with a Buy rating. The price target for BayCom is set to $28. BayCom shares closed at $23.16 on Wednesday.
• KeyBanc initiated coverage on Altice USA, Inc. ATUS with an Overweight rating. The price target for Altice USA is set to $25. Altice USA shares closed at $20.23 on Wednesday.