Benzinga's Top Upgrades, Downgrades For May 30, 2018

Top Upgrades

• RBC Capital upgraded Exxon Mobil Corporation XOM from Sector Perform to Outperform. Exxon Mobil shares rose 1.22 percent to $79.37 in pre-market trading.
• Analysts at Goldman Sachs upgraded Allegheny Technologies Incorporated ATI from Sell to Neutral. Allegheny shares rose 2.08 percent to $27.53 in pre-market trading.
• Maxim Group upgraded HP Inc. HPQ from Hold to Buy. HP shares rose 4.13 percent to $22.20 in pre-market trading.
• Baird upgraded Citizens Financial Group, Inc. CFG from Neutral to Outperform. Citizens Financial shares fell 5.06 percent to close at $39.41 on Friday.
• Citigroup upgraded Meredith Corporation MDP from Neutral to Buy. Meredith shares rose 0.72 percent to $48.70 in pre-market trading.
• Argus upgraded Wolverine World Wide, Inc. WWW from Hold to Buy. Wolverine shares rose 1.82 percent to $33.65 in pre-market trading.
• Cowen & Co. upgraded G-III Apparel Group, Ltd. GIII from Market Perform to Outperform. G-III Apparel shares fell 1.81 percent to close at $39.58 on Tuesday.

Top Downgrades

• Goldman Sachs downgraded AK Steel Holding Corporation AKS from Neutral to Sell. AK Steel shares fell 1.81 percent to $4.34 in pre-market trading.
• Maxim Group downgraded Apple Inc. AAPL from Buy to Hold. Apple shares fell 0.10 percent to $187.71 in pre-market trading.
• Citigroup downgraded CVR Refining, LP CVRR from Buy to Neutral. CVR Refining shares fell 0.84 percent to $23.70 in pre-market trading.
• DA Davidson downgraded Hope Bancorp, Inc. HOPE from Buy to Neutral. Hope Bancorp shares fell 0.61 percent to $17.96 in pre-market trading.
• Credit Suisse downgraded AbbVie Inc. ABBV from Neutral to Underperform. AbbVie shares rose 2.42 percent to $101.98 in pre-market trading.
• Morgan Stanley downgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima EDN from Overweight to Equal-Weight. Empresa Distribuidora shares fell 0.97 percent to $46.00 in pre-market trading.
• JP Morgan downgraded Axalta Coating Systems Ltd. AXTA from Overweight to Neutral. Axalta shares fell 1.26 percent to $31.23 in pre-market trading.

Top Initiations

• Analysts at Deutsche Bank initiated coverage on IAC/InterActiveCorp IAC with a Buy rating. The price target for IAC/InterActiveCorp is set to $183. IAC/InterActiveCorp closed at $150.98 on Tuesday.
• Bank of America initiated coverage on Atlassian Corporation Plc TEAM with a Neutral rating. The price target for Atlassian is set to $70. Atlassian shares closed at $62.71 on Tuesday.
• Analysts at Cowen & Co. initiated coverage on Apergy Corporation APY with a Market Perform rating. The price target for Apergy is set to $38. Apergy shares closed at $43.86 on Tuesday.
• H.C. Wainwright initiated coverage on Anavex Life Sciences Corp. AVXL with a Buy rating. The price target for Anavex Life Sciences is set to $10. Anavex Life Sciences shares closed at $2.59 on Tuesday.
• BTIG Research initiated coverage on ASLAN Pharmaceuticals Limited ASLN with a Buy rating. The price target for ASLAN Pharmaceuticals is set to $16. ASLAN Pharmaceuticals shares closed at $6.85 on Tuesday.
• SunTrust Robinson Humphrey initiated coverage on LKQ Corporation LKQ with a Buy rating. The price target for LKQ is set to $40. LKQ shares closed at $30.58 on Tuesday.
• BTIG Research initiated coverage on SailPoint Technologies Holdings, Inc. SAIL with a Buy rating. The price target for SailPoint Technologies is set to $30. SailPoint Technologies shares closed at $25.07 on Tuesday.
• Barclays initiated coverage on Inphi Corporation IPHI with a Overweight rating. The price target for Inphi is set to $40. Inphi shares closed at $34.06 on Tuesday.
• Analysts at Maxim Group initiated coverage on Profire Energy, Inc. PFIE with a Buy rating. The price target for Profire Energy is set to $7. Profire Energy shares closed at $4.59 on Tuesday.
• Analysts at Deutsche Bank initiated coverage on LendingTree, Inc. TREE with a Hold rating. The price target for LendingTree is set to $290. LendingTree shares closed at $258.65 on Tuesday.