Benzinga's Top Upgrades, Downgrades For December 4, 2018

Top Upgrades

• Cantor Fitzgerald upgraded Vanda Pharmaceuticals Inc. VNDA from Neutral to Overweight. Vanda Pharmaceuticals shares fell 1.2 percent to $31.09 in pre-market trading.
• Baird upgraded Methode Electronics Inc. MEI from Neutral to Outperform. Methode Electronics shares rose 4.26 percent to close at $31.59 on Monday.
• KeyBanc upgraded Avery Dennison Corp AVY from Sector Weight to Overweight. Avery Dennison fell 0.22 percent to close at $96.19 on Monday.
• B. Riley FBR upgraded RMR Group Inc RMR from Neutral to Buy. RMR shares rose 5.8 percent to close at $68.39 on Monday.
• Analysts at Goldman Sachs upgraded Waste Management, Inc. WM from Sell to Buy. Waste Management shares rose 1.8 percent to $94.75 in pre-market trading.
• Barclays upgraded Esterline Technologies Corporation ESL from Underweight to Equal-Weight. Esterline shares rose 1.84 percent to close at $120.91 on Monday.
• Goldman Sachs upgraded BT Group plc BT from Neutral to Buy. BT shares fell 2.03 percent to close at $16.37 on Monday.

Top Downgrades

• Leerink Swann downgraded TESARO Inc TSRO from Outperform to Market Perform. Tesaro shares fell 0.14 percent to $73.40 in pre-market trading.
• HSBC downgraded Apple Inc. AAPL from Buy to Hold. Apple shares fell 1.9 percent to $181.37 in pre-market trading.
• KeyBanc downgraded Owens-Illinois Inc OI from Sector Weight to Underweight. Owens-Illinois shares fell 1.5 percent to $18.30 in pre-market trading.
• JP Morgan downgraded Apptio Inc APTI from Neutral to Underweight. Apptio shares rose 0.01 percent to $38.06 in pre-market trading.
• Wells Fargo downgraded Invesco Ltd. IVZ from Outperform to Market Perform. Invesco shares rose 1.47 percent to $20.65 in pre-market trading.
• UBS downgraded Hub Group Inc HUBG from Buy to Neutral. Hub Group shares rose 0.65 percent to close at $44.73 on Monday.
• Piper Jaffray downgraded Bank Ozk OZK from Overweight to Neutral. Bank OZK shares fell 1.23 percent to $26.50 in pre-market trading.
• UBS downgraded Knight-Swift Transportation Holdings Inc KNX from Buy to Neutral. Knight-Swift shares fell 2.02 percent to close at $33.96 on Monday.

Top Initiations

• Leerink Swann initiated coverage on Veeva Systems Inc VEEV with an Outperform rating. The price target for Veeva Systems bio is set to $120. Veeva shares closed at $98.90 on Monday.
• Analysts at Guggenheim initiated coverage on NGL Energy Partners LP NGL with a Buy rating. The price target for NGL Energy Partners is set to $16. NGL Energy Partners shares closed at $9.60 on Monday.
• Baird initiated coverage on Kratos Defense & Security Solutions, Inc KTOS with an Outperform rating. The price target for Kratos Defense is set to $19. Kratos Defense & Security shares closed at $13.42 on Monday.
• B. Riley FBR initiated coverage on Capital Product Partners L.P. CPLP with a Buy rating. The price target for Capital Product Partners is set to $2.75. Capital Product Partners shares closed at $2.42 on Monday.
• Jefferies initiated coverage on Visteon Corp VC with an Underperform rating. The price target for Visteon is set to $69. Visteon shares closed at $78.39 on Monday.
• Analysts at Maxim Group initiated coverage on ATN International Inc ATNI with a Hold rating. ATN International closed at $82.02 on Monday.
• Analysts at Citigroup initiated coverage on Aldeyra Therapeutics Inc ALDX with a Buy rating. The price target for Aldeyra Therapeutics is set to $23. Aldeyra Therapeutics shares closed at $9.26 on Monday.
• Maxim Group initiated coverage on Sify Technologies Limited SIFY with a Buy rating. The price target for Sify is set to $4. Sify closed at $1.30 on Monday.
• Jefferies initiated coverage on BorgWarner Inc. BWA with a Buy rating. The price target for BorgWarner is set to $48. BorgWarner closed at $40.70 on Monday.
• SunTrust Robinson Humphrey initiated coverage on Presidio Inc PSDO with a Buy rating. Presidio shares closed at $14.19 on Monday.