Market Overview

Benzinga's Top Upgrades, Downgrades For May 22, 2018

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Top Upgrades

  • Susquehanna upgraded Macy's, Inc. (NYSE: M) from Neutral to Positive. Macy's shares rose 2.17 percent to $35.35 in pre-market trading.
  • Baird upgraded Fifth Third Bancorp (NASDAQ: FITB) from Underperform to Neutral. Fifth Third Bancorp shares rose 0.74 percent to $31.13 in pre-market trading.


Top Downgrades

  • Compass Point downgraded BofI Holding, Inc. (NASDAQ: BOFI) from Buy to Neutral. BofI Holding shares rose 0.62 percent to close at $41.95 on Monday.
  • Deutsche Bank downgraded Manchester United plc (NYSE: MANU) from Buy to Hold. Manchester United shares rose 1.93 percent to close at $21.10 on Monday.
  • Deutsche Bank downgraded Sasol Limited (NYSE: SSL) from Buy to Hold. Sasol shares rose 1.35 percent to $38.42 in pre-market trading.
  • RBC Capital downgraded Cameco Corporation (NYSE: CCJ) from Outperform to Sector Perform. Cameco shares fell 1.05 percent to $11.26 in pre-market trading.
  • Credit Suisse downgraded Raytheon Company (NYSE: RTN) from Outperform to Neutral. Raytheon shares fell 1.38 percent to $211.00 in pre-market trading.


Top Initiations

  • Morgan Stanley initiated coverage on DocuSign, Inc. (NASDAQ: DOCU) with an Equal-Weight rating. The price target for DocuSign is set to $42. DocuSign shares closed at $42.98 on Monday.
  • Canaccord Genuity initiated coverage on Smartsheet Inc. (NYSE: SMAR) with a Buy rating. The price target for Smartsheet is set to $23. Smartsheet shares closed at $20.03 on Monday.
  • Roth Capital initiated coverage on Universal Display Corporation (NASDAQ: OLED) with a Buy rating. The price target for Universal Display is set to $136. Universal Display shares closed at $96.50 on Monday.
  • Vertical Group initiated coverage on Hostess Brands, Inc. (NASDAQ: TWNK) with a Buy rating. The price target for Hostess Brands is set to $19. Hostess Brands shares closed at $12.85 on Monday.
  • Analysts at HSBC initiated coverage on Fiat Chrysler Automobiles N.V. (NYSE: FCAU) with a Buy rating. Fiat Chrysler shares closed at $22.34 on Monday.
  • Jefferies initiated coverage on Smartsheet Inc. (NYSE: SMAR) with a Buy rating. The price target for Smartsheet is set to $25. Smartsheet shares closed at $20.03 on Monday.
  • Bank of America initiated coverage on Goosehead Insurance, Inc (NASDAQ: GSHD) with a Buy rating. Goosehead Insurance shares closed at $16.20 on Monday.
  • Analysts at JP Morgan initiated coverage on DocuSign, Inc. (NASDAQ: DOCU) with an Overweight rating. The price target for DocuSign is set to $53. DocuSign shares closed at $42.98 on Monday.
  • Analysts at Vertical Research initiated coverage on Lamb Weston Holdings, Inc. (NYSE: LW) with a Sell rating. The price target for Lamb Weston is set to $56. Lamb Weston closed at $66.74 on Monday.

Posted-In: Initiations top upgradesUpgrades Downgrades Initiation Pre-Market Outlook Analyst Ratings

 

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