Benzinga's Top Upgrades, Downgrades For November 12, 2018

Top Upgrades

• Susquehanna upgraded Crocs, Inc. CROX from Negative to Neutral. Crocs shares rose 4.4 percent to $26.49 in pre-market trading.
• Bernstein upgraded Michael Kors Holdings Ltd KORS from Underperform to Market Perform. Michael Kors shares fell 4.61 percent to close at $47.78 on Friday.
• Analysts at Morgan Stanley upgraded Synovus Financial Corp. SNV from Equal-Weight to Overweight. Synovus Financial shares fell 0.87 percent to close at $37.69 on Friday.
• Bank of America upgraded Armstrong World Industries Inc AWI from Underperform to Neutral. Armstrong World shares fell 4.85 percent to close at $67.22 on Friday.
• Credit Suisse upgraded Crown Holdings, Inc. CCK from Neutral to Outperform. Crown Holdings shares fell 2.1 percent to close at $45.79 on Friday.
• Morgan Stanley upgraded Comerica Incorporated CMA from Equal-Weight to Overweight. Comerica shares rose 0.24 percent to close at $84.69 on Friday.
• Goldman Sachs upgraded Finisar Corporation FNSR from Sell to Neutral. Finisar shares rose 0.6 percent to $21.92 in pre-market trading.
• Wells Fargo upgraded L Brands Inc LB from Market Perform to Outperform. L Brands shares rose 2.7 percent to $37.50 in pre-market trading.
• Pivotal Research upgraded Shoe Carnival, Inc. SCVL from Hold to Buy. Shoe Carnival shares fell 2.38 percent to close at $39.77 on Friday.
• Goldman Sachs upgraded Jabil Inc JBL from Sell to Neutral. Jabil shares fell 2.17 percent to close at $25.29 on Friday.

Top Downgrades

• Citigroup downgraded Skyworks Solutions Inc SWKS from Buy to Neutral. Skyworks Solutions shares fell 1.5 percent to $75.50 in pre-market trading.
• Bank of America downgraded PulteGroup, Inc. PHM from Neutral to Underperform. PulteGroup shares rose 0.87 percent to close at $24.44 on Friday.
• JP Morgan downgraded Infinity Pharmaceuticals Inc. INFI from Neutral to Underweight. Infinity Pharmaceuticals shares fell 14.6 percent to $2.05 in pre-market trading.
• Macquarie downgraded Planet Fitness Inc PLNT from Outperform to Neutral. Planet Fitness shares fell 1.7 percent to $54.08 in pre-market trading.
• Raymond James downgraded Keryx Biopharmaceuticals KERX from Outperform to Market Perform. Keryx Biopharmaceuticals shares rose 6.93 percent to close at $3.24 on Friday.
• Wedbush downgraded Achaogen Inc AKAO from Outperform to Neutral. Achaogen shares rose 1.8 percent to $2.29 in pre-market trading.
• Citigroup downgraded Southern Copper Corp SCCO from Neutral to Sell. Southern Copper shares fell 2.8 percent to $36.87 in pre-market trading.
• Barclays downgraded Cheesecake Factory Inc CAKE from Equal-Weight to Underweight. Cheesecake Factory shares rose 0.02 percent to close at $52.31 on Friday.
• Baird downgraded athenahealth, Inc ATHN from Outperform to Neutral. athenahealth shares rose 7.7 percent to $129.56 in pre-market trading.
• Vertical Group downgraded GrafTech International Ltd EAF from Buy to Sell. GrafTech International shares fell 6.07 percent to close at $16.08 on Friday.

Top Initiations

• Analysts at Goldman Sachs initiated coverage on JetBlue Airways Corporation JBLU with a Buy rating. The price target for JetBlue is set to $24. JetBlue closed at $18.10 on Friday.
• Goldman Sachs initiated coverage on Southwest Airlines Co LUV with a Neutral rating. The price target for Southwest is set to $61. Southwest shares closed at $52.49 on Friday.
• Goldman Sachs initiated coverage on United Continental Holdings Inc UAL with a Neutral rating. The price target for United Continental is set to $102. United Continental closed at $92.35 on Friday.
• Analysts at Goldman Sachs initiated coverage on Alaska Air Group, Inc. ALK with a Buy rating. The price target for Alaska Air is set to $81. Alaska Air closed at $65.97 on Friday.