Research Analysts’ upgrades for Monday, February 12th:

Arrow Electronics (NYSE:ARW) was upgraded by analysts at Raymond James Financial, Inc. to a buy rating. Raymond James Financial, Inc. currently has $93.00 target price on the stock.

Avery Dennison (NYSE:AVY) was upgraded by analysts at JPMorgan Chase & Co. from an underweight rating to a neutral rating.

BP (NYSE:BP) was upgraded by analysts at Societe Generale from a hold rating to a buy rating.

Beazer Homes USA (NYSE:BZH) was upgraded by analysts at JMP Securities from an underperform rating to a market perform rating.

CAE (NYSE:CAE) (TSE:CAE) was upgraded by analysts at Royal Bank of Canada from a sector perform rating to an outperform rating.

Cara Therapeutics (NASDAQ:CARA) was upgraded by analysts at Janney Montgomery Scott from a neutral rating to a buy rating.

CNOOC (NYSE:CEO) was upgraded by analysts at Macquarie from a neutral rating to an outperform rating.

Cabot Oil & Gas (NYSE:COG) was upgraded by analysts at Tudor Pickering from a hold rating to a buy rating.

Copart (NASDAQ:CPRT) was upgraded by analysts at Stephens from an equal weight rating to a buy rating.

California Resources (NYSE:CRC) was upgraded by analysts at Imperial Capital from an in rating to a buy rating. Imperial Capital currently has $26.00 price target on the stock.

DHT (NYSE:DHT) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating. The firm currently has $5.00 price target on the stock.

Dunkin Brands Group (NASDAQ:DNKN) was upgraded by analysts at BMO Capital Markets from a market perform rating to a buy rating. BMO Capital Markets currently has $69.00 target price on the stock.

Endesa (OTCMKTS:ELEZF) was upgraded by analysts at JPMorgan Chase & Co. from an underweight rating to an overweight rating.

EQT (NYSE:EQT) was upgraded by analysts at Royal Bank of Canada from a sector perform rating to an outperform rating. Royal Bank of Canada currently has $77.00 target price on the stock. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Euronav (NYSE:EURN) was upgraded by analysts at Morgan Stanley from an equal weight rating to an overweight rating. They currently have $10.00 price target on the stock.

Faroe Petroleum (LON:FPM) was upgraded by analysts at Whitman Howard to a buy rating.

Golub Capital BDC (NASDAQ:GBDC) was upgraded by analysts at National Securities from a neutral rating to a buy rating. They currently have $21.00 target price on the stock, up from their previous target price of $19.00. The analysts wrote, “• Golub posted core NII/share of $0.32/share for fiscal 1Q18, in-line with our estimate and the quarterly dividend. GBDC has covered its quarterly dividend every quarter on a core NI basis since fiscal 3Q15. As the company continues to deploy capital in an accretive manner at a measured pace, we expect dividend coverage to mildly improve going forward.

• Golub has one of the lowest base management fees of any publicly trade externally managed BDC, at 1.375% of gross assets less cash, and we think it’s possible for this to come down further as the private AUM of the business grows more.

• Golub’s platform remains one of the largest of any BDC at over $18 billion. The ability to co-invest, provide certainty of close, and be a partner with its borrowers only serves to improve quality, sponsor finance deal flow for the company. Additionally, it greatly mitigates concentration risk. On a $1.63 billion portfolio (excluding the SLF), the average investment size is a mere $8.6 million.

• This sound asset quality has led to minimal non-accruals, with non-accruals as a percentage of par averaging a mere 0.6% of the portfolio at par since fiscal 1Q13.

• GBDC has been extremely conservative with raising equity and has been mindful to raise “just-in-time capital”. GBDC has raised public equity in 7 quarters since fiscal 2Q14 with an average net raise of $37.8 million.

• Accordingly, we upgrading this best-in-class BDC to BUY from NEUTRAL and increasing our price target to $21 from $19. We are adjusting our fiscal 2018 core NII/share estimate to $1.28 from $1.27 and our fiscal 2019 core NII/share estimate to $1.30 from $1.29.”

Hess (NYSE:HES) was upgraded by analysts at Credit Suisse Group AG from an underperform rating to a hold rating. They currently have $42.00 price target on the stock.

Hoegh LNG (OTCMKTS:HOLHF) was upgraded by analysts at Morgan Stanley to an overweight rating.

Heritage Commerce (NASDAQ:HTBK) was upgraded by analysts at DA Davidson from a neutral rating to a buy rating.

LKQ (NASDAQ:LKQ) was upgraded by analysts at Northcoast Research from a neutral rating to a buy rating.

Mohawk Industries (NYSE:MHK) was upgraded by analysts at Longbow Research from a neutral rating to a buy rating.

Nasdaq (NASDAQ:NDAQ) was upgraded by analysts at Wells Fargo & Co from a market perform rating to an outperform rating.

Navigator (NYSE:NVGS) was upgraded by analysts at Morgan Stanley from an underweight rating to an equal weight rating. Morgan Stanley currently has $13.00 target price on the stock.

New York Community Bancorp (NYSE:NYCB) was upgraded by analysts at B. Riley from a sell rating to a neutral rating. They currently have $13.00 target price on the stock, up from their previous target price of $12.00.

Old Republic International (NYSE:ORI) was upgraded by analysts at JMP Securities from a market perform rating to an outperform rating.

Principal Financial Group (NYSE:PFG) was upgraded by analysts at JPMorgan Chase & Co. from an underweight rating to a hold rating. The firm currently has $70.00 price target on the stock.

Principal Financial Group (NYSE:PFG) was upgraded by analysts at Barclays PLC from an equal weight rating to an overweight rating.

Koninklijke Philips (NYSE:PHG) was upgraded by analysts at Berenberg Bank from a hold rating to a buy rating.

Packaging Corp Of America (NYSE:PKG) was upgraded by analysts at DA Davidson from a neutral rating to a buy rating.

Prudential Financial (NYSE:PRU) was upgraded by analysts at Royal Bank of Canada from a sector perform rating to an outperform rating. They noted that the move was a valuation call. The analysts noted that the move was a valuation call.

Schlumberger (NYSE:SLB) was upgraded by analysts at Griffin Securities from a neutral rating to a buy rating.

Silgan (NASDAQ:SLGN) was upgraded by analysts at Barclays PLC from an equal weight rating to an overweight rating.

Sensient Technologies (NYSE:SXT) was upgraded by analysts at Gabelli from a hold rating to a buy rating.

Molson Coors Brewing (NYSE:TAP) was upgraded by analysts at Credit Suisse Group AG from a neutral rating to an outperform rating.

Tallgrass Energy Partners (NYSE:TEP) was upgraded by analysts at Barclays PLC from an equal weight rating to a buy rating. They currently have $43.00 price target on the stock.

Timkensteel (NYSE:TMST) was upgraded by analysts at KeyCorp to a buy rating. The firm currently has $17.00 price target on the stock.

Teekay Offshore Partners (NYSE:TOO) was upgraded by analysts at Morgan Stanley from an underweight rating to an equal weight rating.

Workday (NASDAQ:WDAY) was upgraded by analysts at Needham & Company LLC from a hold rating to a buy rating. The firm currently has $130.00 price target on the stock.

Whiting Petroleum (NYSE:WLL) was upgraded by analysts at Tudor Pickering to a hold rating.

World Wrestling Entertainment (NYSE:WWE) was upgraded by analysts at KeyCorp to an overweight rating.

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