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

Top Upgrades

• Susquehanna upgraded Macy's, Inc. M from Neutral to Positive. Macy's shares rose 2.17 percent to $35.35 in pre-market trading.
• Baird upgraded Fifth Third Bancorp 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. 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 MANU from Buy to Hold. Manchester United shares rose 1.93 percent to close at $21.10 on Monday.
• Deutsche Bank downgraded Sasol Limited SSL from Buy to Hold. Sasol shares rose 1.35 percent to $38.42 in pre-market trading.
• RBC Capital downgraded Cameco Corporation CCJ from Outperform to Sector Perform. Cameco shares fell 1.05 percent to $11.26 in pre-market trading.
• Credit Suisse downgraded Raytheon Company 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. 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. 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 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. 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. FCAU with a Buy rating. Fiat Chrysler shares closed at $22.34 on Monday.
• Jefferies initiated coverage on Smartsheet Inc. 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 GSHD with a Buy rating. Goosehead Insurance shares closed at $16.20 on Monday.
• Analysts at JP Morgan initiated coverage on DocuSign, Inc. 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. LW with a Sell rating. The price target for Lamb Weston is set to $56. Lamb Weston closed at $66.74 on Monday.