Benzinga's Top Upgrades, Downgrades For July 25, 2018

Top Upgrades

• Credit Suisse upgraded TD Ameritrade Holding Corporation (NASDAQ: AMTD) from Underperform to Neutral. TD Ameritrade shares rose 0.93 percent to close at $59.61 on Tuesday.
• Goldman Sachs upgraded PPG Industries, Inc. (NYSE: PPG) from Neutral to Buy. PPG shares rose 1.32 percent to $107.45 in pre-market trading.
• Analysts at Cowen & Co. upgraded Lockheed Martin Corporation (NYSE: LMT) from Market Perform to Outperform. Lockheed Martin shares fell 0.16 percent to $322.08 in pre-market trading.
• RBC Capital upgraded The Interpublic Group of Companies, Inc. (NYSE: IPG) from Sector Perform to Outperform. Interpublic shares fell 0.73 percent to close at $21.82 on Tuesday.
• Jefferies upgraded Monarch Casino & Resort, Inc. (NASDAQ: MCRI) from Underperform to Hold. Monarch Casino & Resort shares rose 0.21 percent to close at $47.13 on Monday.
• Buckingham upgraded Spirit Airlines, Inc. (NYSE: SAVE) from Neutral to Buy. Spirit Airlines shares rose 1.53 percent to $41.19 in pre-market trading.
• Argus upgraded Philip Morris International Inc. (NYSE: PM) from Hold to Buy. Philip Morris shares rose 0.17 percent to $83.70 in pre-market trading.
• Deutsche Bank upgraded Hawaiian Holdings, Inc. (NASDAQ: HA) from Hold to Buy. Hawaiian shares rose 5.21 percent to $38.24 in pre-market trading.
• Pivotal Research upgraded Crocs, Inc. (NASDAQ: CROX) from Hold to Buy. Crocs shares rose 1.58 percent to $17.40 in pre-market trading.

Top Downgrades

• RBC Capital downgraded Whirlpool Corporation (NYSE: WHR) from Outperform to Sector Perform. Whirlpool shares fell 14.52 percent to close at $128.82 on Tuesday.
• Mizuho downgraded Hormel Foods Corporation (NYSE: HRL) from Neutral to Underperform. Hormel Foods shares rose 0.38 percent to close at $37.31 on Monday.
• Berenberg downgraded Eli Lilly and Company (NYSE: LLY) from Buy to Hold. Eli Lilly shares fell 0.75 percent to $92.65 in pre-market trading.
• Jefferies downgraded Hi-Crush Partners LP (NYSE: HCLP) from Buy to Hold. Hi-Crush Partners shares fell 1.81 percent to $13.60 in pre-market trading.
• SunTrust Robinson Humphrey downgraded PolyOne Corporation (NYSE: POL) from Buy to Hold. PolyOne shares rose 0.07 percent to close at $44.57 on Tuesday.
• Atlantic Equities downgraded TransUnion (NYSE: TRU) from Overweight to Neutral. TransUnion shares fell 2.49 percent to close at $73.57 on Tuesday.
• Pivotal Research downgraded Spotify Technology S.A. (NYSE: SPOT) from Buy to Hold. Spotify Technology shares fell 1.38 percent to $185.22 in pre-market trading.
• Raymond James downgraded F.N.B. Corporation (NYSE: FNB) from Strong Buy to Outperform. F.N.B. shares fell 5.43 percent to close at $13.06 on Tuesday.

Top Initiations

• Jefferies initiated coverage on EQT GP Holdings, LP (NYSE: EQGP) with a Hold rating. The price target for EQT GP Holdings is set to $22. EQT GP Holdings shares closed at $24.05 on Tuesday.
• B. Riley FBR initiated coverage on QAD Inc. (NASDAQ: QADA) with a Buy rating. The price target for QAD is set to $71. QAD shares closed at $49.65 on Tuesday.
• BMO Capital initiated coverage on MSCI Inc. (NYSE: MSCI) with an Outperform rating. The price target for MSCI is set to $198. MSCI closed at $172.58 on Tuesday.
• Analysts at Susquehanna initiated coverage on Keurig Dr Pepper Inc. (NYSE: KDP) with a Positive rating. The price target for Keurig Dr Pepper is set to $33. Keurig Dr Pepper shares closed at $24.31 on Tuesday.