Market Overview

Benzinga's Top Upgrades, Downgrades For May 29, 2018

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Top Upgrades

  • Jefferies upgraded Ford Motor Company (NYSE: F) from Hold to Buy. Ford shares dropped 0.09 percent to $11.50 in pre-market trading.
  • Analysts at Wells Fargo upgraded Phillips 66 (NYSE: PSX) from Market Perform to Outperform. Phillips 66 shares rose 0.78 percent to $116.50 in pre-market trading.
  • Raymond James upgraded TCF Financial Corporation (NYSE: TCF) from Market Perform to Outperform. TCF Financial shares rose 1.54 percent to close at $26.41 on Friday.
  • BMO Capital upgraded Agnico Eagle Mines Limited (NYSE: AEM) from Market Perform to Outperform. Agnico Eagle Mines shares fell 0.81 percent to close at $43.92 on Friday.
  • Morgan Stanley upgraded Quest Diagnostics Incorporated (NYSE: DGX) from Equal-Weight to Overweight. Quest Diagnostics shares rose 4.88 percent to close at $105.81 on Friday.
  • Stifel Nicolaus upgraded The Timken Company (NYSE: TKR) from Hold to Buy. Timken shares fell 1.22 percent to close at $48.75 on Friday.
  • Morgan Stanley upgraded Roku, Inc. (NASDAQ: ROKU) from Underweight to Equal-Weight. Roku shares rose 2.88 percent to $39.65 in pre-market trading.
  • Wells Fargo upgraded Marathon Petroleum Corporation (NYSE: MPC) from Market Perform to Outperform. Marathon Petroleum shares fell 2.67 percent to close at $77.00 on Friday.
  • Bernstein upgraded PetroChina Company Limited (NYSE: PTR) from Market Perform to Outperform. PetroChina shares rose 2.29 percent to close at $79.96 on Friday.


Top Downgrades

  • CL King downgraded Genesco Inc. (NYSE: GCO) from Buy to Neutral. Genesco shares rose 0.99 percent to close at $45.90 on Friday.
  • Williams Capital downgraded SCANA Corporation (NYSE: SCG) from Hold to Sell. SCANA shares rose 0.39 percent to $35.95 in pre-market trading.
  • RBC Capital downgraded Cogent Communications Holdings, Inc. (NASDAQ: CCOI) from Outperform to Sector Perform. FirstCash shares fell 0.40 percent to close at $50.05 on Friday.
  • Stifel Nicolaus downgraded Nanometrics Incorporated (NASDAQ: NANO) from Buy to Hold. Nanometrics shares fell 4.19 percent to $37.05 in pre-market trading.
  • Raymond James downgraded CenterState Bank Corporation (NASDAQ: CSFL) from Outperform to Market Perform. CenterState Bank shares rose 0.57 percent to close at $31.66 on Friday.
  • Jefferies downgraded Infinera Corporation (NASDAQ: INFN) from Hold to Underperform. Infinera shares fell 4.07 percent to $9.66 in pre-market trading.
  • HSBC downgraded Novartis AG (NYSE: NVS) from Buy to Hold. Novartis shares fell 1.42 percent to $75.02 in pre-market trading.
  • Credit Suisse downgraded Qiwi plc (NASDAQ: QIWI) from Neutral to Underperform. QIWI shares fell 2.77 percent to $16.85 in pre-market trading.


Top Initiations

  • Analysts at Stifel Nicolaus initiated coverage on Inspire Medical Systems, Inc. (NYSE: INSP) with a Buy rating. The price target for Inspire Medical is set to $42. Inspire Medical shares closed at $30.61 on Friday.
  • KeyBanc initiated coverage on Carbon Black, Inc. (NASDAQ: CBLK) with a Overweight rating. The price target for Carbon Black is set to $29. Carbon Black shares closed at $23.02 on Friday.
  • DA Davidson initiated coverage on Construction Partners, Inc. (NASDAQ: ROAD) with a Buy rating. The price target for Construction Partners is set to $14.50. Construction Partners shares closed at $12.26 on Friday.
  • H.C. Wainwright initiated coverage on G1 Therapeutics, Inc. (NASDAQ: GTHX) with a Buy rating. The price target for G1 Therapeutics is set to $61. G1 Therapeutics shares closed at $50.06 on Friday.
  • Stephens & Co. initiated coverage on Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) with a Overweight rating. The price target for Spirit of Texas Bancshares is set to $26. Spirit of Texas Bancshares shares closed at $21.08 on Friday.
  • Morgan Stanley initiated coverage on Unity Biotechnology, Inc. (NASDAQ: UBX) with a Overweight rating. The price target for Unity Biotechnology is set to $25. Unity Biotechnology shares closed at $13.00 on Friday.
  • Jefferies initiated coverage on PermRock Royalty Trust (NYSE: PRT) with a Buy rating. The price target for PermRock Royalty Trust is set to $19. PermRock Royalty Trust shares closed at $15.60 on Friday.
  • Analysts at Pivotal Research initiated coverage on Spotify Technology S.A. (NYSE: SPOT) with a Buy rating. The price target for Spotify Technology is set to $200. Spotify Technology shares closed at $156.60 on Friday.
  • Analysts at Credit Suisse initiated coverage on Rambus Inc. (NASDAQ: RMBS) with a Neutral rating. The price target for Rambus is set to $16. Rambus closed at $13.55 on Friday.
  • Analysts at Janney Capital initiated coverage on ION Geophysical Corporation (NYSE: IO) with a Buy rating. ION Geophysical shares closed at $23.20 on Friday.

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

 

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