Benzinga's Top Upgrades, Downgrades For May 26, 2017

Top Upgrades

• Analysts at Bank of America upgraded Veeva Systems Inc VEEV from Neutral to Buy. Veeva shares gained 5.44 percent to $65.10 in pre-market trading.
• Wells Fargo upgraded Triumph Bancorp Inc TBK from Market Perform to Outperform. Triumph Bancorp shares rose 0.68 percent to close at $22.25 on Thursday.
• Analysts at UBS upgraded NetApp Inc. NTAP from Sell to Neutral. NetApp shares fell 0.10 percent to $40.92 in pre-market trading.
• Analysts at Oppenheimer upgraded Marvell Technology Group Ltd. MRVL from Perform to Outperform. Marvell Technology shares rose 0.65 percent to $17.05 in pre-market trading.
• Canaccord Genuity upgraded Red Robin Gourmet Burgers, Inc. RRGB from Hold to Buy. Red Robin shares rose 1.39 percent to $73.00 in pre-market trading.
• Analysts at JP Morgan upgraded Ecolab Inc. ECL from Neutral to Overweight. Ecolab shares rose 0.77 percent to close at $130.31 on Thursday.
• Barclays upgraded Ormat Technologies, Inc. ORA from Underweight to Equal-Weight. Ormat Technologies shares gained 0.10 percent to close at $58.19 on Thursday.
• Wells Fargo upgraded Infinera Corp. INFN from Market Perform to Outperform. Infinera shares rose 3.47 percent to $9.84 in pre-market trading.
• Wedbush upgraded Norwegian Cruise Line Holdings Ltd NCLH from Neutral to Outperform. Norwegian Cruise Line shares gained 1.03 percent to $51.20 in pre-market trading.

Top Downgrades

• Buckingham downgraded Ulta Beauty Inc ULTA from Buy to Neutral. Ulta Beauty shares rose 4.42 percent to $306.00 in pre-market trading.
• JMP Securities downgraded Beazer Homes USA, Inc. BZH from Market Perform to Market Underperform. Beazer Homes shares fell 3 percent to $13.65 in pre-market trading.
• Cowen & Co. downgraded Bristow Group Inc BRS from Outperform to Market Perform. Bristow shares fell 4.5 percent to $7.26 in pre-market trading.
• Macquarie downgraded W W Grainger Inc GWW from Outperform to Neutral. Grainger shares declined 0.53 percent to close at $176.37 on Thursday.
• Morgan Stanley downgraded JinkoSolar Holding Co., Ltd. JKS from Overweight to Underweight. JinkoSolar shares fell 5.36 percent to $20.31 in pre-market trading.
• Exane BNP Paribas downgraded Chevron Corporation CVX from Neutral to Underperform. Chevron shares fell 0.20 percent to $104.90 in pre-market trading.

Top Initiations

• Analysts at CL King initiated coverage of Zoetis Inc ZTS with a Buy rating. The price target for Zoetis is set to $71. Zoetis shares closed at $62.58 on Thursday.
• Evercore ISI Group initiated coverage of U.S. Silica Holdings Inc SLCA with an Outperform rating. The price target for U.S. Silica is set to $48. U.S. Silica shares closed at $37.25 on Thursday.
• Analysts at Jefferies initiated coverage on Sherwin-Williams Co SHW with a Hold rating. The price target for Sherwin-Williams is set to $364. Sherwin-Williams shares closed at $334.09 on Thursday.
• H.C. Wainwright initiated coverage on Vanda Pharmaceuticals Inc. VNDA with a Buy rating. The price target for Vanda Pharmaceuticals is set to $18. Vanda Pharmaceuticals shares closed at $14.05 on Thursday.
• Analysts at Wells Fargo initiated coverage on Floor & Decor Holdings Inc FND with a Market Perform rating. The price target for Floor & Decor is set to $40. Floor & Decor shares closed at $38.14 on Thursday.
• Analysts at KeyBanc initiated coverage on NOW Inc DNOW with an Overweight rating. The price target for NOW is set to $22. NOW shares closed at $17.22 on Thursday.
• Cowen & Co. initiated coverage on Immunomedics, Inc. IMMU with an Outperform rating. The price target for Immunomedics is set to $15. Immunomedics shares closed at $7.47 on Thursday.
• Jefferies initiated coverage on Alliant Energy Corporation LNT with a Hold rating. The price target for Alliant Energy is set to $42. Alliant Energy shares closed at $41.56 on Thursday.