Benzinga's Top Upgrades, Downgrades For May 16, 2018


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Top Upgrades

  • Maxim Group upgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) from Hold to Buy. Red Robin shares rose 0.25 percent to $60.45 in pre-market trading.
  • Analysts at Jefferies upgraded LyondellBasell Industries N.V. (NYSE:LYB) from Hold to Buy. LyondellBasell shares rose 0.17 percent to close at $112.17 on Tuesday.
  • Macquarie upgraded TripAdvisor, Inc. (NASDAQ:TRIP) from Underperform to Outperform. TripAdvisor shares fell 0.76 percent to $48.00 in pre-market trading.
  • MKM Partners upgraded Urban Outfitters, Inc. (NASDAQ:URBN) from Sell to Neutral. Urban Outfitters shares rose 0.39 percent to close at $40.80 on Tuesday.
  • Citigroup upgraded KKR & Co. L.P. (NYSE:KKR) from Neutral to Buy. KKR shares fell 0.69 percent to close at $21.60 on Tuesday.
  • Argus upgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) from Hold to Buy. Chipotle shares rose 1.04 percent to $431.00 in pre-market trading.
  • Credit Suisse upgraded T. Rowe Price Group, Inc. (NASDAQ:TROW) from Neutral to Outperform. T. Rowe shares fell 0.74 percent to close at $117.14 on Tuesday.
  • Susquehanna upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) from Negative to Neutral. AMD shares rose 1.61 percent to $12.65 in pre-market trading.
  • Jefferies upgraded W. R. Grace & Co. (NYSE:GRA) from Hold to Buy. W R Grace shares fell 1.51 percent to close at $71.14 on Tuesday.
  • Goldman Sachs upgraded Raymond James Financial, Inc. (NYSE:RJF) from Neutral to Buy. Raymond James Financial shares rose 0.89 percent to $94.79 in pre-market trading.


Top Downgrades

  • Jefferies downgraded 3M Company (NYSE:MMM) from Buy to Hold. 3M shares declined 1.05 percent to $200.29 in pre-market trading.
  • Macquarie downgraded CenturyLink, Inc. (NYSE:CTL) from Neutral to Underperform. CenturyLink shares fell 1.70 percent to $19.05 in pre-market trading.
  • Bernstein downgraded BT Group plc (NYSE:BT) from Outperform to Market Perform. BT shares fell 1.42 percent to $13.84 in pre-market trading.
  • DA Davidson downgraded F5 Networks, Inc. (NASDAQ:FFIV) from Buy to Neutral. F5 Networks shares fell 0.81 percent to close at $171.20 on Tuesday.
  • Goldman Sachs downgraded Avnet, Inc. (NASDAQ:AVT) from Neutral to Sell. Avnet shares fell 2.10 percent to $39.58 in pre-market trading.
  • Deutsche Bank downgraded WisdomTree Investments, Inc. (NASDAQ:WETF) from Buy to Hold. WisdomTree Investments shares fell 2.08 percent to $11.30 in pre-market trading.
  • Daiwa Capital downgraded Vipshop Holdings Limited (NYSE:VIPS) from Buy to Hold. Vipshop shares fell 0.21 percent to $12.05 in pre-market trading.
  • Jefferies downgraded PPG Industries, Inc. (NYSE:PPG) from Buy to Hold. PPG shares fell 0.51 percent to $102.50 in pre-market trading.
  • JP Morgan downgraded Netshoes (Cayman) Limited (NYSE:NETS) from Overweight to Underweight. Netshoes shares rose 1.73 percent to $2.94 in pre-market trading.
  • Imperial Capital downgraded Eco-Stim Energy Solutions, Inc. (NASDAQ:ESES) from Outperform to In-Line. Eco-Stim Energy shares fell 3.64 percent to close at $0.9286 on Tuesday.


Top Initiations

  • Analysts at Goldman Sachs initiated coverage on Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) with a Buy rating. The price target for Ollie's Bargain is set to $78. Ollie's Bargain shares closed at $68.35 on Tuesday.
  • Analysts at Canaccord Genuity initiated coverage on BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) with a Buy rating. The price target for BioMarin Pharmaceutical is set to $101. BioMarin Pharmaceutical closed at $88.70 on Tuesday.
  • Wells Fargo initiated coverage on Spotify Technology S.A. (NYSE:SPOT) with a Market Perform rating. The price target for Spotify Technology is set to $150. Spotify Technology shares closed at $158.71 on Tuesday.
  • Citigroup initiated coverage on Apergy Corporation (NYSE:APY) with a Buy rating. The price target for Apergy is set to $46. Apergy shares closed at $40.00 on Tuesday.
  • Analysts at Maxim Group initiated coverage on Capricor Therapeutics, Inc. (NASDAQ:CAPR) with a Buy rating. The price target for Capricor Therapeutics is set to $7. Capricor Therapeutics shares closed at $1.30 on Tuesday.
  • Raymond James initiated coverage on Gemphire Therapeutics Inc. (NASDAQ:GEMP) with an Outperform rating. The price target for Gemphire Therapeutics is set to $22. Gemphire Therapeutics shares closed at $5.51 on Tuesday.
  • H.C. Wainwright initiated coverage on Enphase Energy, Inc. (NASDAQ:ENPH) with a Buy rating. The price target for Enphase Energy is set to $8. Enphase Energy shares closed at $5.30 on Tuesday.
  • B. Riley FBR initiated coverage on Tocagen Inc. (NASDAQ:TOCA) with a Buy rating. The price target for Tocagen is set to $15. Tocagen shares closed at $9.45 on Tuesday.
  • RBC Capital initiated coverage on Micron Technology, Inc. (NASDAQ:MU) with an Outperform rating. The price target for Micron is set to $80. Micron shares closed at $54.01 on Tuesday.
  • Analysts at Canaccord Genuity initiated coverage on ChemoCentryx, Inc. (NASDAQ:CCXI) with a Buy rating. The price target for ChemoCentryx is set to $17. ChemoCentryx shares closed at $11.43 on Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: UpgradesDowngradesInitiationPre-Market OutlookAnalyst RatingsInitiationstop upgrades