Benzinga's Top Upgrades, Downgrades For January 6, 2017

Top Upgrades

• Analysts at UBS upgraded Restaurant Brands International Inc QSR from Neutral to Buy. Restaurant Brands shares rose 0.73 percent to close at $48.30 on Thursday.
• Citigroup upgraded Avery Dennison Corp AVY from Neutral to Buy. Avery Dennison shares rose 0.03 percent to close at $71.43 on Thursday.
• Credit Suisse upgraded Hershey Co HSY from Neutral to Outperform. Hershey shares rose 0.70 percent to $104.17 in pre-market trading.
• Analysts at BMO Capital upgraded Gartner Inc IT from Market Perform to Outperform. Gartner shares gained 0.61 percent to $91.11 in pre-market trading.
• RBC Capital upgraded Walt Disney Co DIS from Sector Perform to Outperform. Disney shares rose 0.62 percent to $108.05 in pre-market trading.
• Analysts at Jefferies upgraded Healthways, Inc. HWAY from Hold to Buy. Healthways shares dropped 1.06 percent to close at $23.25 on Thursday.
• Oppenheimer upgraded Roper Technologies Inc ROP from Perform to Outperform. Roper Technologies shares closed at $185.27 on Thursday.
• Credit Suisse upgraded American International Group Inc AIG from Neutral to Outperform. AIG shares rose 0.69 percent to $66.05 in pre-market trading.

Top Downgrades

• Credit Suisse downgraded Allstate Corp ALL from Outperform to Neutral. Allstate shares fell 0.66 percent to $73.54 in pre-market trading.
• JP Morgan downgraded Bank of New York Mellon Corp BK from Overweight to Neutral. Bank of New York Mellon shares fell 0.40 percent to $47.90 in pre-market trading.
• Analysts at UBS downgraded McDonald's Corporation MCD from Buy to Neutral. McDonald's shares fell 0.81 percent to $118.73 in pre-market trading.
• Longbow Research downgraded GoPro Inc GPRO from Neutral to Underperform. GoPro shares fell 3.1 percent to $9.06 in pre-market trading.
• RBC Capital downgraded Mercer International Inc. MERC from Outperform to Sector Perform. Mercer shares closed at $11.45 on Thursday.
• Analysts at UBS downgraded Noodles & Co NDLS from Neutral to Sell. Noodles shares closed at $4.35 on Thursday.
• Longbow Research downgraded Wendys Co WEN from Buy to Neutral. Wendy's shares closed at $13.64 on Thursday.
• Analysts at Exane BNP Paribas downgraded International Flavors & Fragrances Inc IFF from Outperform to Neutral. International Flavors shares closed at $116.10 on Thursday.

Top Initiations

• Analysts at JP Morgan initiated coverage on Archrock Inc AROC with a Neutral rating. The price target for Archrock is set to $13. Archrock shares closed at $14.35 on Thursday.
• Analysts at Chardan Capital initiated coverage on Benefitfocus Inc BNFT with a Buy rating. The price target for Benefitfocus is set to $36. Benefitfocus shares closed at $30.85 on Thursday.
• Analysts at DA Davidson initiated coverage on Navient Corp NAVI with a Buy rating. The price target for Navient is set to $21. Navient shares closed at $16.52 on Thursday.
• Analysts at Barclays initiated coverage of Owens Corning OC with an Equal-Weight rating. The price target for Owens Corning is set to $54. Owens Corning shares closed at $52.50 on Thursday.
• Analysts at Barclays initiated coverage on D.R. Horton, Inc. DHI with an Equal-Weight rating. The price target for D.R. Horton is set to $28. D.R. Horton shares closed at $28.35 on Thursday.
• Analysts at Jefferies initiated coverage on Abeona Therapeutics Inc ABEO with a Buy rating. The price target for Abeona Therapeutics is set to $11. Abeona Therapeutics shares closed at $5.60 on Thursday.
• Analysts at Goldman Sachs initiated coverage on MarketAxess Holdings Inc. MKTX with a Buy rating. The price target for MarketAxess is set to $185. MarketAxess shares closed at $152.71 on Thursday.
• Barclays initiated coverage on Toll Brothers Inc TOL with an Equal-Weight rating. The price target for Toll Brothers is set to $32. Toll Brothers shares closed at $31.86 on Thursday.