Benzinga's Top Analyst Calls From April 18, 2018

• Piper Jaffray reiterates eBay EBAY Overweight rating and $89 price target following news of Amazon partnership; Says it's a very smart win-win relationship and believes it will be a revenue driver for 2nd half 2018 and 2019.
• Canaccord out positive on Kratos Defense & Security Solutions, Inc. KTOS; Says the Gremlins contract is a net positive and a significant step in tactical opportunity visibility for the company.
• Piper Jaffray reiterates Wayfair Inc. W Overweight rating and $92 price target following announcement of Way Day; Says timing of the retail holiday is ideal and should be able to showcase 'best-in-class' logistics; believes Way Day should provide a revenue lift for Q2.
• Morgan Stanley downgrades Zillow Group Inc Z from Overweight to Equal-Weight and lowers price target from from $55 to $50; Says home-flipping business comes with multiple "unanswered questions" that could impact current expectations.
• Imperial Capital maintains Outperform rating and one-year price target of $20 on Ring Energy, Inc. REI; Says 12 percent sequential growth is consistent with co.’s double-digit growth expectations.
• Bank Of America raises Merck & Co. MRK price target from $68 to $70, lowers Bristol-Myers Squibb Company BMY price target from $68 to $61; Says, "Based on data presentations at yesterday's AACR meeting, we view MRK as the clear immuno-oncology leader in lung cancer."

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Benzinga Pro's 5 Stocks To Watch Today

Benzinga's Top Upgrades, Downgrades For April 18, 2018