Benzinga's Top Upgrades, Downgrades For July 31, 2017

Top Upgrades

• Cowen & Co. upgraded American Airlines Group Inc AAL from Market Perform to Outperform. American Airlines shares rose 0.81 percent to $50.90 in pre-market trading.
• Baird upgraded Colfax Corp CFX from Market Perform to Outperform. Colfax shares fell 0.69 percent to close at $40.55 on Friday.
• Analysts at Morgan Stanley upgraded GoPro Inc GPRO from Underweight to Equal-Weight. GoPro shares rose 2.6 percent to $8.31 in pre-market trading.
• Analysts at Wells Fargo upgraded Visteon Corp VC from Market Perform to Outperform. Visteon shares gained 0.02 percent to close at $111.44 on Friday.
• Analysts at Berenberg upgraded Hilton Worldwide Holdings Inc HLT from Sell to Hold. Hilton Worldwide shares fell 0.16 percent to close at $62.46 on Friday.
• Analysts at RBC Capital upgraded Dynavax Technologies Corporation DVAX from Sector Perform to Outperform. Dynavax shares climbed 91.4 percent to $17.70 in pre-market trading.
• Argus upgraded Celgene Corporation CELG from Hold to Buy. Celgene shares rose 0.60 percent to $134.90 in pre-market trading.
• BMO Capital upgraded Wells Fargo & Co WFC from Underperform to Market Perform. Wells Fargo shares rose 0.19 percent to $53.40 in pre-market trading.
• RBC Capital upgraded Altria Group Inc MO from Underperform to Sector Perform. Altria shares fell 2.60 percent to $65.20 in pre-market trading.
• Evercore ISI Group upgraded Automatic Data Processing ADP from Underperform to In-Line. Automatic Data Processing shares rose 0.02 percent to $117.40 in pre-market trading.

Top Downgrades

• Jefferies downgraded Coach Inc COH from Buy to Hold. Coach shares fell 0.08 percent to close at $48.69 on Friday.
• Oppenheimer downgraded Ulta Beauty Inc ULTA from Outperform to Perform. Ulta Beauty shares fell 0.33 percent to close at $248.60 on Friday.
• Analysts at Pivotal Research downgraded Facebook Inc FB from Hold to Sell. Facebook shares dropped 0.23 percent to $172.06 in pre-market trading.
• Barclays downgraded Hertz Global Holdings, Inc HTZ from Equal-Weight to Underweight. Hertz shares fell 6.23 percent to $16.26 in pre-market trading.
• Cowen & Co. downgraded Rockwell Collins, Inc. COL from Outperform to Market Perform. Rockwell Collins shares dropped 0.18 percent to $113.52 in pre-market trading.
• Analysts at Deutsche Bank downgraded Norfolk Southern Corp. NSC from Buy to Hold. Norfolk Southern shares rose 1.08 percent to close at $114.23 on Friday.
• BMO Capital downgraded Citigroup Inc C from Outperform to Market Perform.. Citigroup shares rose 0.59 percent to $67.83 in pre-market trading.
• UBS downgraded Visteon Corp VC from Buy to Neutral. Visteon shares declined 0.08 percent to close at $111.44 on Friday.
• Lake Street downgraded ShoreTel Inc SHOR from Buy to Hold. ShoreTel shares fell 0.13 percent to $7.49 in pre-market trading.
• Deutsche Bank downgraded Landstar System, Inc. LSTR from Buy to Hold. Landstar shares gained 0.86 percent to close at $82.30 on Friday.

Top Initiations

• Analysts at UBS initiated coverage on Hostess Brands, Inc. TWNK with a Neutral rating. The price target for Hostess Brands is set to $16. Hostess Brands shares closed at $15.19 on Friday.
• Canaccord Genuity initiated coverage on Impax Laboratories Inc IPXL with a Hold rating. The price target for Impax Laboratories is set to $19. Impax Laboratories shares closed at $19.95 on Friday.
• Deutsche Bank initiated coverage of Cision Ltd. CISN with a Buy rating. The price target for Cision is set to $16. Cision shares closed at $10.75 on Friday.
• Canaccord Genuity initiated coverage on ANI Pharmaceuticals Inc ANIP with a Buy rating. The price target for ANI Pharmaceuticals is set to $60. ANI Pharmaceuticals shares closed at $48.64 on Friday.
• Morgan Stanley initiated coverage on CMS Energy Corporation CMS with an Equal-Weight rating. The price target for CMS Energy is set to $47. CMS Energy shares closed at $46.30 on Friday.
• Analysts at Leerink Swann initiated coverage on AxoGen, Inc. AXGN with an Outperform rating. The price target for AxoGen is set to $22. AxoGen shares closed at $15.10 on Friday.
• Analysts at Canaccord Genuity initiated coverage on Aceto Corporation ACET with a Buy rating. The price target for Aceto is set to $19. Aceto shares closed at $15.54 on Friday.