Benzinga's Top Upgrades, Downgrades For December 18, 2018

Top Upgrades

• Morgan Stanley upgraded AMETEK, Inc. AME from Equal-Weight to Overweight. AMETEK rose 1.2 percent to $70.00 in pre-market trading.
• BMO Capital upgraded Westamerica Bancorporation WABC from Underperform to Market Perform. Westamerica Bancorporation shares fell 1.2 percent to close at $55.83 on Monday.
• Evercore ISI Group upgraded Public Storage PSA from Underperform to In-Line. Public shares closed at $199.57 on Monday.
• Analysts at Deutsche Bank upgraded Prologis Inc PLD from Hold to Buy. Prologis shares closed at $61.52 on Monday.
• JP Morgan upgraded Norfolk Southern Corp. NSC from Neutral to Overweight. Norfolk Southern shares closed at $147.58 on Monday.
• RBC Capital upgraded NCR Corporation NCR from Outperform to Top Pick. NCR shares closed at $22.71 on Monday.
• Barclays upgraded Host Hotels and Resorts Inc HST from Equal-Weight to Overweight. Host Hotels shares rose 1.3 percent to $17.55 in pre-market trading.
• Cantor Fitzgerald upgraded Healthequity Inc HQY from Neutral to Overweight. HealthEquity shares closed at $59.63 on Monday.
• Morgan Stanley upgraded Fortive Corp FTV from Equal-Weight to Overweight. Fortive shares closed at $67.95 on Monday.
• Keefe Bruyette & Woods upgraded First Defiance Financial FDEF from Market Perform to Outperform. First Defiance Financial shares fell 0.2 percent to close at $25.19 on Monday.

Top Downgrades

• Credit Suisse downgraded Philip Morris International Inc. PM from Neutral to Underperform. Philip Morris shares fell 1.7 percent to $80.06 in pre-market trading.
• Morgan Stanley downgraded Illinois Tool Works Inc. ITW from Equal-Weight to Underweight. Illinois Tool Works shares closed at $128.10 on Monday.
• Goldman Sachs downgraded Washington Prime Group Inc WPG from Neutral to Sell. Washington Prime Group shares dropped 4.3 percent to $5.52 in pre-market trading.
• Barclays downgraded Sunstone Hotel Investors Inc SHO from Overweight to Equal-Weight. Sunstone Hotel Investors shares fell 2.36 percent to close at $14.07 on Monday.
• Morgan Stanley downgraded Dover Corp DOV from Overweight to Equal-Weight. Dover shares closed at $74.33 on Monday.
• JP Morgan downgraded Kansas City Southern KSU from Overweight to Neutral. Kansas City Southern shares closed at $95.85 on Monday.
• Loop Capital downgraded Fortune Brands Home & Security Inc FBHS from Buy to Hold. Fortune Brands Home & Security shares closed at $39.63 on Monday.
• Evercore ISI Group downgraded CubeSmart CUBE from Outperform to In-Line. CubeSmart shares closed at $30.17 on Monday.

Top Initiations

• Wells Fargo initiated coverage on Shopify Inc SHOP with an Outperform rating. The price target for Shopify is set to $175. Shopify shares closed at $129.66 on Monday.
• Analysts at Barclays initiated coverage on CVS Health Corp CVS with an Overweight rating. The price target for CVS Health is set to $91. CVS Health shares closed at $70.69 on Monday.
• KeyBanc initiated coverage on Intuit Inc. INTU with an Overweight rating. The price target for Intuit is set to $250. Intuit shares closed at $197.49 on Monday.
• Laidlaw & Co. initiated coverage on Strongbridge Biopharma plc SBBP with a Buy rating. The price target for Strongbridge Biopharma is set to $11. Strongbridge Biopharma shares closed at $4.27 on Monday.
• Analysts at H.C. Wainwright initiated coverage on GlycoMimetics Inc GLYC with a Buy rating. The price target for GlycoMimetics is set to $24. GlycoMimetics closed at $10.29 on Monday.
• Analysts at Credit Suisse initiated coverage on Zimmer Biomet Holdings Inc ZBH with an Underperform rating. The price target for Zimmer Biomet is set to $102. Zimmer Biomet shares closed at $107.25 on Monday.
• DA Davidson initiated coverage on L Brands Inc LB with a Neutral rating. The price target for L Brands is set to $32. L Brands closed at $29.51 on Monday.
• B. Riley FBR initiated coverage on Tailored Brands Inc TLRD with a Buy rating. The price target for Tailored Brands is set to $20. Tailored Brands shares closed at $13.46 on Monday.
• Credit Suisse initiated coverage on Stryker Corporation SYK with an Outperform rating. The price target for Stryker is set to $195. Stryker shares closed at $160.11 on Monday.
• Analysts at SunTrust Robinson Humphrey initiated coverage on Roku Inc ROKU with a Hold rating. The price target for Roku is set to $36. Roku closed at $32.12 on Monday.