Ratings of the day 18.05.2017

UPGRADES:
• Achillion (ACHN) raised to outperform at Leerink, PT $6
• Bank of Montreal (BMO CN) raised to buy at Citi
• Camden Property (CPT) raised to outperform at Evercore ISI, PT $90
• Hanover (THG) raised to market perform at KBW, PT $81
• Lakeland Financial (LKFN) raised to buy at DA Davidson, PT $49
• Monmouth Real Estate (MNR) raised to buy at DA Davidson, PT $17
• Noble Corp (NE) raised to neutral at Nomura
• Pentair (PNR) raised to overweight at Keybanc, PT $77
• Progressive (PGR) raised to hold at Deutsche Bank
• Shake Shack (SHAK) raised to outperform at Wedbush, PT $43
• United Bankshares /WV (UBSI) raised to neutral at Boenning
• Veritiv (VRTV) raised to outperform at Wells Fargo, PT $47
DOWNGRADES:
• Douglas Emmett (DEI) cut to neutral at DA Davidson, PT $43
• Endologix (ELGX) cut to hold at Stifel, PT $5.50
• Essex Property (ESS) cut to hold at SunTrust, PT $257
• Expedia (EXPE) cut to market perform at Raymond James
• First Solar (FSLR) cut to neutral at Baird, PT $38
• Grainger (GWW) cut to sell at Deutsche Bank, PT $145
• Jack in the Box (JACK) cut to market perform at Telsey, PT $118
• Jack in the Box (JACK) cut to sector weight at Keybanc
• Just Energy Group (JE CN) cut to hold at Canaccord, PT C$8.25
• Painted Pony (PPY CN) cut to sector perform at National Bank, PT C$7.50
• Pure Storage (PSTG) cut to equal-weight at Morgan Stanley, PT $12
• Stratasys (SSYS) cut to hold at Jefferies, PT $30
• Symantec (SYMC) cut to neutral at UBS, PT $33
• Vipshop Holdings (VIPS) cut to neutral at CCB Intl, PT $15.09
INITIATIONS:
• Citizens Financial (CFG) new underperform at Macquarie, PT $33
• Colfax (CFX) new outperform at Credit Suisse, PT $47
• Fennec Pharmaceuticals (FRX CN) new buy at Aegis, PT $5
• Netease (NTES) new buy at UOB Kay Hian, PT $347
• PTC Inc (PTC) new buy at Benchmark, PT $65
• Teladoc (TDOC) new overweight at Keybanc, PT $37