Benzinga's Top Upgrades, Downgrades For November 20, 2018

Top Upgrades

• RBC Capital upgraded LyondellBasell Industries NV LYB from Sector Perform to Outperform. LyondellBasell shares fell 2.78 percent to close at $92.78 on Monday.
• Analysts at SunTrust Robinson Humphrey upgraded Woodward, Inc. WWD from Hold to Buy. Woodward shares fell 2.9 percent to close at $79.49 on Monday.
• BTIG Research upgraded Qualys Inc QLYS from Neutral to Buy. Qualys shares dropped 7.34 percent to close at $69.21 on Monday.
• Melius Research upgraded Colfax Corp CFX from Underweight to Neutral. Colfax shares fell 15.23 percent to close at $23.72 on Monday.
• Imperial Capital upgraded Shotspotter Inc SSTI from In-Line to Outperform. ShotSpotter shares fell 0.37 percent to close at $32.53 on Monday.
• Berenberg upgraded CME Group Inc CME from Hold to Buy. CME shares closed at $195.61 on Monday.
• Credit Suisse upgraded QEP Resources Inc QEP from Underperform to Neutral. QEP Resources shares rose 8.83 percent to close at $9.12 on Monday.
• Goldman Sachs upgraded EQT Corporation EQT from Neutral to Buy. EQT shares rose 2.1 percent to $17.45 in pre-market trading.
• Raymond James upgraded BP plc BP from Market Perform to Outperform. BP shares fell 0.73 percent to $40.62 in pre-market trading.

Top Downgrades

• Baird downgraded Micron Technology, Inc. MU from Outperform to Underperform. Micron shares fell 6.2 percent to $34.55 in pre-market trading.
• Bank of America downgraded Skyworks Solutions Inc SWKS from Neutral to Underperform. Skyworks shares fell 4.7 percent to $67.46 in pre-market trading.
• Raymond James downgraded Beacon Roofing Supply, Inc. BECN from Strong Buy to Outperform. Beacon Roofing shares fell 7.3 percent to $25.75 in pre-market trading.
• Berenberg downgraded Intercontinental Exchange Inc ICE from Buy to Hold. Intercontinental Exchange shares rose 0.21 percent to close at $81.39 on Monday.
• Macquarie downgraded JD.Com Inc JD from Outperform to Neutral. JD.com shares fell 3 percent to $20.49 in pre-market trading.
• Raymond James downgraded Spectrum Brands Holdings, Inc. SPB from Outperform to Market Perform. Spectrum Brands shares fell 19.04 percent to close at $48.05 on Monday.
• Argus downgraded Marriott International Inc MAR from Buy to Hold. Marriott shares fell 1.2 percent to $115.05 in pre-market trading.
• Goldman Sachs downgraded Cabot Oil & Gas Corporation COG from Buy to Neutral. Cabot Oil shares fell 3.1 percent to $25.00 in pre-market trading.
• Needham downgraded Ciena Corporation CIEN from Buy to Hold. Ciena shares fell 6.8 percent to $30.26 in pre-market trading.
• Susquehanna downgraded Western Digital Corp WDC from Positive to Neutral. Western Digital shares fell 5 percent to $42.85 in pre-market trading.

Top Initiations

• Analysts at RBC Capital initiated coverage on Servicemaster Global Holdings Inc SERV with a Sector Perform rating. The price target for Servicemaster Global is set to $46. Servicemaster Global shares closed at $41.87 on Monday.
• Stephens & Co. initiated coverage on A. O. Smith Corp AOS with an Equal-Weight rating. The price target for A. O. Smith is set to $50. A. O. Smith shares closed at $45.64 on Monday.
• RBC Capital initiated coverage on Cintas Corporation CTAS with an Outperform rating. The price target for Cintas is set to $215. Cintas shares closed at $179.58 on Monday.
• Analysts at B. Riley FBR initiated coverage on Ranger Energy Services Inc RNGR with a Buy rating. The price target for Ranger Energy is set to $10. Ranger Energy closed at $7.50 on Monday.
• Stephens & Co. initiated coverage on AMETEK, Inc. AME with an Overweight rating. The price target for AMETEK is set to $87. AMETEK closed at $72.60 on Monday.
• Berenberg initiated coverage on Synopsys, Inc. SNPS with a Buy rating. The price target for Synopsys is set to $119. Synopsys closed at $85.71 on Monday.
• Analysts at RBC Capital initiated coverage on ADT Inc ADT with an Outperform rating. The price target for ADT is set to $12. ADT shares closed at $7.68 on Monday.
• Jefferies initiated coverage on Cognizant Technology Solutions Corp CTSH with a Hold rating. The price target for Cognizant Tech is set to $70. Cognizant Tech shares closed at $69.21 on Monday.
• PiperJaffray initiated coverage on One Group Hospitality Inc STKS with an Overweight rating. The price target for One Group Hospitality is set to $4. One Group Hospitality shares closed at $2.81 on Monday.
• Stephens & Co. initiated coverage on Eaton Corporation PLC ETN with an Overweight rating. The price target for Eaton is set to $96. Eaton shares closed at $73.48 on Monday.

Correction: This article previously said Raymond James upgraded Fortinet Inc FTNT from Market Perform to Outperform. This was incorrect. Raymand James did not upgrade Fortinet.