Benzinga's Top Upgrades, Downgrades For June 7, 2018

Top Upgrades

• JP Morgan upgraded Canadian Solar Inc. (NASDAQ: CSIQ) from Underweight to Neutral. Canadian Solar shares rose 1.69 percent to $12.65 in pre-market trading.
• SunTrust Robinson Humphrey upgraded Darden Restaurants, Inc. (NYSE: DRI) from Hold to Buy. Darden shares rose 1.85 percent to close at $90.91 on Wednesday.
• Analysts at KeyBanc upgraded Laboratory Corporation of America Holdings (NYSE: LH) from Sector Weight to Overweight. Laboratory Corp shares closed at $184.61 on Wednesday.
• Buckingham upgraded Spotify Technology (NYSE: SPOT) from Neutral to Buy. Spotify shares closed at $165.64 on Wednesday.
• Desjardins upgraded Alamos Gold Inc. (NYSE: AGI) from Hold to Buy. Alamos Gold shares closed at $5.80 on Wednesday.

Top Downgrades

• JP Morgan downgraded Axon Enterprise, Inc. (NASDAQ: AAXN) from Overweight to Neutral. Axon Enterprise shares fell 3.56 percent to $65.48 in pre-market trading.
• Keefe Bruyette & Woods downgraded Greenhill & Co., Inc. (NYSE: GHL) from Market Perform to Underperform. Greenhill shares rose 1.30 percent to close at $27.25 on Wednesday.
• RBC Capital downgraded Proteostasis Therapeutics, Inc. (NASDAQ: PTI) from Outperform to Sector Perform. Proteostasis Therapeutics shares fell 25.92 percent to $3.63 in pre-market trading.
• Jefferies downgraded AT&T Inc. (NYSE: T) from Buy to Hold. AT&T shares fell 0.42 percent to $33.25 in pre-market trading.
• Vertical Group downgraded First Solar, Inc. (NASDAQ: FSLR) from Buy to Sell. First Solar shares fell 3.1 percent to $53.85 in pre-market trading.
• Goldman Sachs downgraded TrueCar, Inc. (NASDAQ: TRUE) from Neutral to Sell. TrueCar shares fell 3.75 percent to $9.50 in pre-market trading.
• HSBC downgraded Ensco plc (NYSE: ESV) from Buy to Hold. Ensco shares rose 1.68 percent to close at $6.67 on Wednesday.
• Desjardins downgraded IAMGOLD Corporation (NYSE: IAG) from Buy to Hold. Iamgold shares closed at $5.92 on Wednesday.
• UBS downgraded ArcelorMittal (NYSE: MT) from Buy to Sell. ArcelorMittal shares closed at $33.53 on Wednesday.

Top Initiations

• H.C. Wainwright initiated coverage on Mesoblast Limited (NASDAQ: MESO) with a Buy rating. The price target for Mesoblast is set to $17. Mesoblast shares closed at $5.62 on Wednesday.
• Analysts at BTIG Research initiated coverage on Xencor, Inc. (NASDAQ: XNCR) with a Buy rating. The price target for Xencor is set to $56. Xencor shares closed at $41.79 on Wednesday.
• DA Davidson initiated coverage on Donnelley Financial Solutions, Inc. (NYSE: DFIN) with a Buy rating. The price target for Donnelley Financial is set to $25. Donnelley Financial shares closed at $16.16 on Wednesday.
• H.C. Wainwright initiated coverage on Axsome Therapeutics, Inc. (NASDAQ: AXSM) with a Buy rating. The price target for Axsome Therapeutics is set to $10. Axsome Therapeutics shares closed at $3.60 on Wednesday.
• Analysts at JMP Securities initiated coverage on ShotSpotter, Inc. (NASDAQ: SSTI) with a Market Outperform rating. The price target for ShotSpotter is set to $40. ShotSpotter closed at $32.53 on Wednesday.
• Analysts at Argus initiated coverage on WellCare Health Plans, Inc. (NYSE: WCG) with a Buy rating. The price target for WellCare is set to $265. WellCare shares closed at $229.23 on Wednesday.