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

Top Upgrades

• TD Securities upgraded Norfolk Southern Corp. (NYSE:NSC) from Hold to Buy. Norfolk Southern shares rose 0.5 percent to $161.00 in pre-market trading.
• Analysts at Barclays upgraded Owens Corning (NYSE:OC) from Equal-Weight to Overweight. Owens-Corning shares rose 0.7 percent to $43.25 in pre-market trading.
• Loop Capital upgraded Ryder System, Inc. (NYSE:R) from Hold to Buy. Ryder shares rose 1.8 percent to $60.72 in pre-market trading.
• Evercore ISI Group upgraded KB Home (NYSE:KBH) from In-Line to Outperform. KB Home shares fell 3.23 percent to close at $18.56 on Tuesday.
• Craig-Hallum upgraded Teradyne, Inc. (NYSE:TER) from Hold to Buy. Teradyne shares rose 2.7 percent to $31.05 in pre-market trading.
• Wells Fargo upgraded Switch Inc (NYSE:SWCH) from Market Perform to Outperform. Switch shares rose 3.6 percent to $9.31 in pre-market trading.
• Stifel Nicolaus upgraded Norfolk Southern Corp. (NYSE:NSC) from Hold to Buy. Norfolk Southern shares rose 0.5 percent to $161.00 in pre-market trading.
• JP Morgan upgraded Mellanox Technologies, Ltd. (NASDAQ:MLNX) from Neutral to Overweight. Mellanox shares rose 7.9 percent to $71.20 in pre-market trading.
• DZ Bank upgraded Caterpillar Inc. (NYSE:CAT) from Sell to Hold. Caterpillar shares rose 1.5 percent to $113.99 in pre-market trading.
• Credit Suisse upgraded Tripadvisor Inc (NASDAQ:TRIP) from Underperform to Neutral. TripAdvisor shares rose 2.6 percent to $47.95 in pre-market trading.

Top Downgrades

• Bank of America downgraded United Parcel Service, Inc. (NYSE:UPS) from Buy to Neutral. UPS shares rose 0.5 percent to $108.49 in pre-market trading.
• Canaccord Genuity downgraded Laboratory Corp. of America Holdings (NYSE:LH) from Buy to Hold. Laboratory Corp shares fell 7.89 percent to close at $155.30 on Wednesday.
• Susquehanna downgraded MaxLinear, Inc. (NYSE:MXL) from Positive to Neutral. MaxLinear shares fell 0.3 percent to $16.09 in pre-market trading.
• Susquehanna downgraded Hibbett Sports, Inc. (NASDAQ:HIBB) from Positive to Neutral. Hibbett shares fell 2.7 percent to $16.40 in pre-market trading.
• Edward Jones downgraded Henry Schein, Inc. (NASDAQ:HSIC) from Hold to Sell. Henry Schein shares rose 0.9 percent to $80.76 in pre-market trading.
• Goldman Sachs downgraded Pandora Media Inc (NYSE:P) from Buy to Neutral. Pandora shares rose 1.2 percent to $8.16 in pre-market trading.
• Baird downgraded STMicroelectronics NV (NYSE:STM) from Outperform to Underperform. STMicroelectronics shares rose 1.5 percent to $13.89 in pre-market trading.
• Bank of America downgraded AMBEV S A/S ADR (NYSE:ABEV) from Neutral to Underperform. Ambev shares fell 4.3 percent to $4.03 in pre-market trading.
• Seaport Global downgraded Illinois Tool Works Inc. (NYSE:ITW) from Buy to Neutral. Illinois Tool Works shares rose 0.5 percent to $120.40 in pre-market trading.
• CL King downgraded Lamb Weston Holdings Inc (NYSE:LW) from Buy to Neutral. Lamb Weston shares fell 0.4 percent to $78.73 in pre-market trading.

Top Initiations

• Loop Capital initiated coverage on Chipotle Mexican Grill, Inc. (NYSE:CMG) with a Buy rating. The price target for Chipotle is set to $500. Chipotle shares closed at $413.00 on Wednesday.
• Ladenburg Thalmann initiated coverage on Athenex Inc (NASDAQ:ATNX) with a Buy rating. The price target for Athenex is set to $27. Athenex shares closed at $12.37 on Wednesday.
• Analysts at Loop Capital initiated coverage on Darden Restaurants, Inc. (NYSE:DRI) with a Buy rating. The price target for Darden is set to $130. Darden closed at $103.91 on Wednesday.
• Analysts at Jefferies initiated coverage on Zumiez Inc. (NASDAQ:ZUMZ) with a Buy rating. The price target for Zumiez is set to $28. Zumiez shares closed at $21.92 on Wednesday.
• Analysts at Taglich Brothers initiated coverage on On Track Innovations Ltd (NASDAQ:OTIV) with a Speculative Buy rating. On Track Innovations shares closed at $0.89 on Wednesday.
• Loop Capital initiated coverage on Brinker International, Inc. (NYSE:EAT) with a Hold rating. The price target for Brinker is set to $50. Brinker shares closed at $44.09 on Wednesday.