Benzinga's Top Upgrades, Downgrades For April 26, 2019

Top Upgrades

• Analysts at Raymond James upgraded Shutterfly, Inc. (NASDAQ: SFLY) from Market Perform to Outperform. Shutterfly shares gained 3.1 percent to $43.50 in pre-market trading.
• Goldman Sachs upgraded The Medicines Company (NASDAQ: MDCO) from Neutral to Buy. Medicines Company shares rose 0.1 percent to $29.81 in pre-market trading.
• B. Riley FBR upgraded Marcus Corp (NYSE: MCS) from Neutral to Buy. Marcus shares gained 0.1 percent to $37.03 in pre-market trading.
• JP Morgan upgraded Illinois Tool Works Inc. (NYSE: ITW) from Underweight to Neutral. Illinois Tool Works shares fell 3.57 percent to close at $151.21 on Thursday.
• Goldman Sachs upgraded Esperion Therapeutics Inc (NASDAQ: ESPR) from Sell to Neutral. Esperion Therapeutics shares rose 1.6 percent to $43.80 in pre-market trading.
• Analysts at William Blair upgraded Argo Group International Holdings, Ltd. (NYSE: ARGO) from Market Perform to Outperform. Argo Group shares fell 0.42 percent to close at $74.12 on Thursday.

Top Downgrades

• UBS downgraded FedEx Corporation (NYSE: FDX) from Neutral to Sell. FedEx shares fell 1.8 percent to $185.50 in pre-market trading.
• Wells Fargo downgraded Starbucks Corporation (NASDAQ: SBUX) from Outperform to Market Perform. Starbucks shares fell 0.3 percent to $76.89 in pre-market trading.
• Baird downgraded Western Digital Corp (NASDAQ: WDC) from Neutral to Underperform. Western Digital shares fell 3.2 percent to $51.25 in pre-market trading.
• Jefferies downgraded Reliance Steel & Aluminum Co (NYSE: RS) from Buy to Hold. Reliance Steel shares rose 2.84 percent to close at $91.34 on Thursday.
• Stephens & Co. downgraded Packaging Corp Of America (NYSE: PKG) from Overweight to Equal-Weight. Packaging Corporation shares fell 0.88 percent to close at $97.94 on Thursday.
• Barclays downgraded BankUnited (NYSE: BKU) from Overweight to Underweight. BankUnited shares rose 0.5 percent to $36.28 in pre-market trading.
• JP Morgan downgraded Axalta Coating Systems Ltd (NYSE: AXTA) from Overweight to Neutral. Axalta Coating shares fell 0.5 percent to $26.62 in pre-market trading.
• KeyBanc downgraded Qorvo Inc (NASDAQ: QRVO) from Overweight to Sector Weight. Qorvo shares fell 2.7 percent to $75.23 in pre-market trading.

Top Initiations

• Desjardins initiated coverage on Aurora Cannabis Inc (NYSE: ACB) with a Buy rating. Aurora Cannabis shares closed at $9.07 on Thursday.
• Analysts at Oppenheimer initiated coverage on Pareteum Corp (NASDAQ: TEUM) with an Outperform rating. Pareteum closed at $3.89 on Thursday.
• Cantor Fitzgerald initiated coverage on Tocagen Inc (NASDAQ: TOCA) with an Overweight rating. Tocagen shares closed at $9.13 on Thursday.
• SunTrust Robinson Humphrey initiated coverage on Vail Resorts, Inc. (NYSE: MTN) with a Buy rating. The price target for Vail Resorts is set to $242. Vail Resorts shares closed at $216.81 on Thursday.
• Analysts at Desjardins initiated coverage on Hexo Corp (NYSE: HEXO) with a Buy rating. Hexo shares closed at $7.17 on Thursday.