Benzinga's Top Upgrades, Downgrades For June 21, 2018

Top Upgrades

• Goldman Sachs upgraded Verizon Communications Inc. VZ from Neutral to Buy. Verizon shares rose 1.08 percent to $48.61 in pre-market trading.
• Atlantic Equities upgraded PayPal Holdings, Inc. PYPL from Neutral to Overweight. PayPal shares rose 0.63 percent to $86.49 in pre-market trading.
• HSBC upgraded Rio Tinto plc RIO from Hold to Buy. Rio Tinto shares fell 0.67 percent to $54.70 in pre-market trading.
• JP Morgan upgraded The Manitowoc Company, Inc. MTW from Underweight to Neutral. Manitowoc shares rose 0.70 percent to close at $25.73 on Wednesday.
• Citigroup upgraded Brighthouse Financial, Inc. BHF from Sell to Neutral. Brighthouse Financial shares rose 0.86 percent to $46.00 in pre-market trading.
• Benchmark upgraded AMC Entertainment Holdings, Inc. AMC from Hold to Buy. AMC Entertainment shares rose 1.78 percent to $16.90 in pre-market trading.
• Analysts at Jefferies upgraded Terex Corporation TEX from Hold to Buy. Terex shares rose 1.68 percent to $40.60 in pre-market trading.
• Roth Capital upgraded ReneSola Ltd SOL from Sell to Neutral. ReneSola shares rose 2.01 percent to close at $2.54 on Friday.
• Macquarie upgraded Diageo plc DEO from Neutral to Outperform. Diageo shares rose 0.19 percent to $144.32 in pre-market trading.
• Goldman Sachs upgraded Charter Communications, Inc. CHTR from Neutral to Buy. Charter shares rose 1.87 percent to $295.78 in pre-market trading.

Top Downgrades

• Cowen & Co. downgraded American Outdoor Brands Corporation AOBC from Outperform to Market Perform. American Outdoor Brands shares fell 8.09 percent to $12.16 in pre-market trading.
• Goldman Sachs downgraded DISH Network Corporation DISH from Buy to Neutral. DISH shares fell 0.86 percent to $34.51 in pre-market trading.
• Jefferies downgraded Noble Corporation plc NE from Buy to Hold. Noble shares rose 3.76 percent to close at $5.52 on Wednesday.
• B. Riley FBR downgraded Catalyst Biosciences, Inc. CBIO from Buy to Neutral. Catalyst Biosciences shares fell 1.86 percent to $10.57 in pre-market trading.
• JP Morgan downgraded Actuant Corporation ATU from Neutral to Underweight. Actuant shares fell 1.89 percent to $28.50 in pre-market trading.
• Wells Fargo downgraded Syntel, Inc. SYNT from Market Perform to Underperform. Syntel shares fell 3.14 percent to $33.00 in pre-market trading.
• Credit Suisse downgraded Ultragenyx Pharmaceutical Inc. RARE from Outperform to Neutral. Ultragenyx Pharmaceutical shares rose 5.73 percent to close at $85.31 on Wednesday.
• Morgan Stanley downgraded Alkermes plc ALKS from Equal-Weight to Underweight. Alkermes shares rose 0.77 percent to close at $51.36 on Wednesday.
• UBS downgraded NIKE, Inc. NKE from Buy to Neutral. Nike shares fell 1.06 percent to $73.93 in pre-market trading.
• Jefferies downgraded Chegg, Inc. CHGG from Buy to Hold. Chegg shares fell 4.06 percent to $28.22 in pre-market trading.

Top Initiations

• UBS initiated coverage on Tiffany & Co. TIF with a Neutral rating. The price target for Tiffany is set to $138. Tiffany shares closed at $135.37 on Wednesday.
• Analysts at B. Riley FBR initiated coverage on Alcoa Corporation AA with a Neutral rating. The price target for Alcoa is set to $47. Alcoa closed at $45.27 on Wednesday.
• JP Morgan initiated coverage on RealPage, Inc. RP with an Overweight rating. The price target for RealPage is set to $76. RealPage shares closed at $58.15 on Wednesday.
• Argus initiated coverage on Ligand Pharmaceuticals Incorporated LGND with a Buy rating. The price target for Ligand Pharmaceuticals is set to $260. Ligand Pharmaceuticals shares closed at $199.15 on Wednesday.
• Analysts at UBS initiated coverage on Lululemon Athletica Inc. LULU with a Neutral rating. The price target for Lululemon is set to $130. Lululemon closed at $128.27 on Wednesday.
• Analysts at Bernstein initiated coverage on Westlake Chemical Corporation WLK with an Outperform rating. The price target for Westlake Chemical is set to $150. Westlake Chemical shares closed at $104.99 on Wednesday.
• Morgan Stanley initiated coverage on Kimberly-Clark Corporation WLK with an Underweight rating. The price target for Kimberly-Clark is set to $94. Kimberly-Clark shares closed at $101.65 on Wednesday.
• UBS initiated coverage on Michael Kors Holdings Limited KORS with a Neutral rating. The price target for Michael Kors is set to $70. Michael Kors closed at $67.99 on Wednesday.
• Stifel Nicolaus initiated coverage on JBG Smith Properties JBGS with a Sell rating. The price target for JBG Smith Properties is set to $34. JBG Smith Properties shares closed at $38.17 on Wednesday.
• Analysts at UBS initiated coverage on American Eagle Outfitters, Inc. AEO with a Buy rating. The price target for American Eagle is set to $33. American Eagle shares closed at $24.64 on Wednesday.