Benzinga's Top Upgrades, Downgrades For January 16, 2019

Top Upgrades

• Bank of America upgraded Metlife Inc (NYSE:MET) from Neutral to Buy. MetLife shares closed at $44.06 on Tuesday.
• Citigroup upgraded Accenture Plc (NYSE:ACN) from Neutral to Buy. Accenture shares rose 1.2 percent to $148.60 in pre-market trading.
• Morgan Stanley upgraded Cosan Ltd (NYSE:CZZ) from Equal-Weight to Overweight. Cosan shares closed at $9.86 on Tuesday.
• Barclays upgraded Williams Companies Inc (NYSE:WMB) from Equal-Weight to Overweight. Williams Companies shares closed at $25.45 on Tuesday.
• Morgan Stanley upgraded Teradata Corporation (NYSE:TDC) from Equal-Weight to Overweight. Teradata shares closed at $41.72 on Tuesday.
• JP Morgan upgraded Navient Corp (NASDAQ:NAVI) from Underweight to Neutral. Navient shares closed at $10.46 on Tuesday.
• JP Morgan upgraded OneMain Holdings Inc (NYSE:OMF) from Underweight to Neutral. OneMain closed at $27.73 on Tuesday.
• Itau BBA upgraded Southern Copper Corp (NYSE:SCCO) from Market Perform to Outperform. Southern Copper shares closed at $30.70 on Tuesday.

Top Downgrades

• Morgan Stanley downgraded NetApp Inc. (NASDAQ:NTAP) from Equal-Weight to Underweight. NetApp shares closed at $62.46 on Tuesday.
• Bank of America downgraded SYSCO Corporation (NYSE:SYY) from Buy to Neutral. Sysco shares closed at $62.72 on Tuesday.
• Cross Research downgraded Electronics For Imaging, Inc. (NASDAQ:EFII) from Buy to Hold. Electronics for Imaging shares fell 26 percent to $20.12 in pre-market trading.
• RBC Capital downgraded Snap Inc (NYSE:SNAP) from Outperform to Sector Perform. Snap shares fell 11.6 percent to $5.78 in pre-market trading.
• Wells Fargo downgraded PG&E Corporation (NYSE:PCG) from Outperform to Market Perform. PG&E shares dropped 9.6 percent to $6.25 in pre-market trading.
• Mizuho downgraded Allison Transmission Holdings Inc (NYSE:ALSN) from Buy to Neutral. Allison Transmission shares closed at $47.68 on Tuesday.
• Atlantic Equities downgraded Nordstrom, Inc. (NYSE:JWN) from Overweight to Neutral. Nordstrom shares fell 7 percent to $44.00 in pre-market trading.
• Jefferies downgraded Installed Building Products Inc (NYSE:IBP) from Buy to Hold. Installed Building Prods shares closed at $38.64 on Tuesday.
• Morgan Stanley downgraded Hewlett Packard Enterprise Co (NYSE:HPE) from Overweight to Equal-Weight. Hewlett Packard Enterprise shares closed at $14.44 on Tuesday.
• JP Morgan downgraded Santander Consumer USA Holdings Inc (NYSE:SC) from Neutral to Underweight. Santander Consumer shares closed at $18.76 on Tuesday.

Top Initiations

• Analysts at Barclays initiated coverage on Parsley Energy Inc (NYSE:PE) with an Overweight rating. The price target for Parsley Energy is set to $38. Parsley Energy shares closed at $18.70 on Tuesday.
• Analysts at Deutsche Bank initiated coverage on PTC Inc (NASDAQ:PTC) with a Buy rating. PTC closed at $86.34 Tuesday.
• Canaccord Genuity initiated coverage on Hydrogenics Corporation (NASDAQ:HYGS) with a Speculative Buy rating. The price target for Hydrogenics is set to $8.75. Hydrogenics shares closed at $5.60 on Tuesday.
• Oppenheimer initiated coverage on VBI Vaccines Inc (NASDAQ:VBIV) with an Outperform rating. The price target for VBI Vaccines is set to $9. VBI Vaccines closed at $1.77 on Tuesday.
• Ladenburg Thalmann initiated coverage on VICI Properties Inc (NYSE:VICI) with a Buy rating. The price target for VICI Properties is set to $24. VICI Properties shares closed at $20.58 on Tuesday.
• Nomura initiated coverage on Altice USA Inc (NYSE:ATUS) with a Buy rating. The price target for Altice USA is set to $25. Altice USA shares closed at $17.41 on Tuesday.
• Guggenheim initiated coverage on ViewRay, Inc. (NASDAQ:VRAY) with a Buy rating. The price target for ViewRay is set to $13. ViewRay shares closed at $7.03 on Tuesday.
• Analysts at Barclays initiated coverage on Apache Corporation (NYSE:APA) with an Underweight rating. The price target for Apache is set to $29. Apache closed at $31.75 on Tuesday.
• Morgan Stanley initiated coverage on Dell Technologies Inc (NYSE:DELL) with an Equal-Weight rating. The price target for Dell Technologies is set to $49. Dell Technologies shares closed at $43.01 on Tuesday.
• Analysts at Nomura initiated coverage on Charter Communications Inc (NASDAQ:CHTR) with a Neutral rating. The price target for Charter Communications is set to $330. Charter Communications shares closed at $294.00 on Tuesday.