Benzinga's Top Upgrades, Downgrades For December 20, 2016

Top Upgrades

• Macquarie upgraded Alcoa Corporation AA from Neutral to Outperform. Alcoa shares rose 0.61 percent to $29.47 in pre-market trading.
• FBR Capital upgraded Zions Bancorp ZION from Market Perform to Outperform. Zions Bancorp shares rose 1.59 percent to close at $42.70 on Monday.
• KeyBanc upgraded McDermott International MDR from Sector Weight to Overweight. McDermott shares gained 2.12 percent to $7.69 in pre-market trading.
• Citigroup upgraded Kosmos Energy Ltd KOS from Neutral to Buy. Kosmos Energy shares gained 5.06 percent to $6.64 in pre-market trading.
• Analysts at RBC Capital upgraded Dana Inc DAN from Sector Perform to Outperform. Dana shares rose 0.74 percent to close at $18.98 on Monday.
• Analysts at Chardan Capital upgraded Clovis Oncology Inc CLVS from Sell to Neutral. Clovis Oncology shares fell 3.41 percent to $39.10 in pre-market trading.
• Analysts at Goldman Sachs upgraded Western Digital Corp WDC from Sell to Neutral. Western Digital shares rose 1.76 percent to close at $68.36 on Monday.
• Analysts at Morgan Stanley upgraded Hubbell Incorporated HUBB from Equal-Weight to Overweight. Hubbell shares fell 0.23 percent to close at $116.73 on Monday.
• Deutsche Bank upgraded Public Service Enterprise Group Inc. PEG from Hold to Buy. Public Service Enterprise shares fell 0.73 percent to close at $43.67 on Monday.
• Analysts at Janney Capital upgraded American Water Works Company Inc AWK from Neutral to Buy. American Water Works shares rose 0.59 percent to close at $73.31 on Monday.

Top Downgrades

• Analysts at Deutsche Bank downgraded FirstEnergy Corp. FE from Buy to Hold. FirstEnergy shares fell 0.41 percent to close at $31.65 on Monday.
• RBC Capital downgraded Mitel Networks Corp MITL from Outperform to Sector Perform. Mitel Networks shares fell 5.26 percent to close at $7.02 on Monday.
• Morgan Stanley downgraded Lennox International Inc. LII from Equal-Weight to Underweight. Lennox International shares fell 0.17 percent to close at $156.92 on Monday.
• Analysts at Jefferies downgraded Extra Space Storage, Inc. EXR from Buy to Hold. Extra Space Storage shares rose 1 percent to close at $74.94 on Monday.
• SunTrust Robinson Humphrey downgraded Cempra Inc CEMP from Buy to Sell. Cempra shares fell 4.17 percent to $6.90 in pre-market trading.
• Baird downgraded Acuity Brands, Inc. AYI from Outperform to Neutral. Acuity Brands shares fell 1.04 percent to close at $245.57 on Monday.
• Analysts at KeyBanc downgraded Inovalon Holdings Inc INOV from Overweight to Sector Weight. Inovalon Holdings shares fell 4.26 percent to $9.00 in pre-market trading.
• FBR Capital downgraded HomeStreet Inc HMST from Outperform to Market Perform. HomeStreet shares rose 0.15 percent to $32.70 in pre-market trading.

Top Initiations

• Analysts at Loop Capital initiated coverage on United Parcel Service, Inc. UPS with a Hold rating. The price target for United Parcel Service is set to $124. United Parcel Service shares closed at $116.98 on Monday.
• Analysts at Susquehanna initiated coverage on trivago N.V. - American Depositary Shares TRVG with a Neutral rating. The price target for trivago is set to $14. trivago shares closed at $12.15 on Monday.
• Analysts at BMO Capital initiated coverage of Spark Therapeutics Inc ONCE with an Outperform rating. The price target for Spark Therapeutics is set to $69. Spark Therapeutics shares closed at $50.88 on Monday.
• Analysts at Barclays initiated coverage on Paychex, Inc. PAYX with an Equal-Weight rating. The price target for Paychex is set to $63. Paychex shares closed at $61.55 on Monday.
• Analysts at Evercore ISI Group initiated coverage on JD.Com Inc(ADR) JD with a Buy rating. The price target for JD.Com is set to $33. JD.Com shares closed at $25.38 on Monday.
• Analysts at First Analysis initiated coverage on INC Research Holdings Inc INCR with an Equal-Weight rating. The price target for INC Research is set to $59. INC Research shares closed at $50.45 on Monday.
• Analysts at Stifel Nicolaus initiated coverage on Etsy Inc ETSY with a Hold rating. The price target for Etsy is set to $14. Etsy shares closed at $12.92 on Monday.
• Evercore ISI Group initiated coverage on Baidu Inc (ADR) BIDU with a Hold rating. The price target for Baidu is set to $200. Baidu shares closed at $163.69 on Monday.
• Wedbush initiated coverage on Amplify Snack Brands Inc BETR with a Neutral. The price target for Amplify Snack Brands is set to $9. Amplify Snack Brands shares closed at $9.40 on Monday
• Piper Jaffray initiated coverage on Ciena Corporation CIEN with an Overweight rating. The price target for Ciena is set to $30. Ciena shares closed at $24.05 on Monday.