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

Top Upgrades

• Analysts at Janney Capital upgraded Ally Financial Inc. ALLY from Neutral to Buy. Ally Financial shares rose 1.82 percent to close at $25.71 on Thursday.
• Wells Fargo upgraded Nabors Industries Ltd. NBR from Market Perform to Outperform. Nabors Industries shares rose 1.87 percent to $6.52 in pre-market trading.
• Bank of America upgraded KB Home KBH from Underperform to Buy. KB Home shares rose 8.62 percent to $27.60 in pre-market trading.
• Goldman Sachs upgraded Acceleron Pharma Inc. XLRN from Sell to Neutral. Acceleron Pharma shares rose 23.6 percent to $41.99 in pre-market trading.
• Macquarie upgraded Madison Square Garden Company MSG from Neutral to Outperform. Madison Square Garden shares rose 13.92 percent to close at $303.29 on Wednesday.
• Mizuho upgraded SCANA Corporation SCG from Neutral to Buy. SCANA shares rose 4.65 percent to close at $38.50 on Thursday.
• DA Davidson upgraded Piedmont Office Realty Trust, Inc. PDM from Neutral to Buy. Piedmont Office Realty shares rose 1.47 percent to $20.03 in pre-market trading.
• Raymond James upgraded GMS Inc. GMS from Outperform to Strong Buy. GMS shares rose 4.37 percent to $27.00 in pre-market trading.
• Hovde Group upgraded First Horizon National Corporation FHN from Market Perform to Outperform. First Horizon shares rose 1.22 percent to $18.24 in pre-market trading.

Top Downgrades

• Jefferies downgraded Walgreens Boots Alliance, Inc. WBA from Buy to Hold. Walgreens shares fell 0.17 percent to $59.60 in pre-market trading.
• Vertical Group downgraded McCormick & Company, Incorporated MKC from Buy to Hold. McCormick shares rose 8.40 percent to close at $114.83 on Thursday.
• Bank of America downgraded Accenture plc ACN from Buy to Neutral. Accenture shares fell 0.30 percent to $164.00 in pre-market trading.
• DA Davidson downgraded Apogee Enterprises, Inc. APOG from Buy to Neutral. Apogee shares rose 12.66 percent to close at $48.67 on Thursday.
• Bernstein downgraded Diageo plc DEO from Outperform to Market Perform. Diageo shares rose 0.36 percent to $144.54 in pre-market trading.
• Wells Fargo downgraded U.S. Silica Holdings, Inc. SLCA from Outperform to Market Perform. US Silica shares fell 1.46 percent to $26.01 in pre-market trading.
• Wells Fargo downgraded Keane Group, Inc. FRAC from Outperform to Market Perform. Keane Group shares dropped 0.72 percent to $13.70 in pre-market trading.
• RBC Capital downgraded Pinnacle Foods Inc. PF from Outperform to Sector Perform. Pinnacle Foods shares rose 0.37 percent to close at $65.19 on Thursday.

Top Initiations

• Analysts at Oppenheimer initiated coverage on Alpine Immune Sciences, Inc. ALPN with an Outperform rating. The price target for Alpine Immune Sciences is set to $13. Alpine Immune Sciences shares closed at $7.22 on Thursday.
• Raymond James initiated coverage on Acer Therapeutics Inc. ACER with an Outperform rating. The price target for Acer Therapeutics is set to $28. Acer Therapeutics shares closed at $19.76 on Thursday.
• Mizuho initiated coverage on Cummins Inc. CMI with a Neutral rating. The price target for Cummins is set to $150. Cummins closed at $133.24 on Thursday.
• Analysts at Boenning & Scattergood initiated coverage on Monmouth Real Estate Investment Corporation MNR with an Outperform rating. The price target for Monmouth Real Estate is set to $18.50. Monmouth Real Estate shares closed at $16.10 on Thursday.
• Cowen & Co. initiated coverage on Cision Ltd. CISN with a Outperform rating. The price target for Cision is set to $19. Cision shares closed at $14.69 on Thursday.
• Canaccord Genuity initiated coverage on Eloxx Pharmaceuticals, Inc. ELOX with a Buy rating. The price target for Eloxx Pharmaceuticals is set to $24. Eloxx Pharmaceuticals shares closed at $18.33 on Thursday.
• Nomura initiated coverage on argenx SE ARGX with a Buy rating. The price target for argenx is set to $161. argenx shares closed at $83.97 on Thursday.
• Stifel Nicolaus initiated coverage on Schneider National, Inc. SNDR with a Hold rating. The price target for Schneider National is set to $29. Schneider National shares closed at $27.12 on Thursday.
• Analysts at DA Davidson initiated coverage on Macatawa Bank Corporation MCBC with a Neutral rating. The price target for Macatawa Bank is set to $13. Macatawa Bank closed at $12.22 on Thursday.
• Analysts at Mizuho initiated coverage on WABCO Holdings Inc. WBC with a Neutral rating. The price target for WABCO is set to $130. WABCO closed at $116.90 on Thursday.