Benzinga's Top Upgrades, Downgrades For January 18, 2019

Top Upgrades

• Bank of America upgraded Spectrum Brands Holdings Inc SPB from Neutral to Buy. Spectrum Brands shares rose 1 percent to $54.24 in pre-market trading.
• Macquarie upgraded Valero Energy Corporation VLO from Neutral to Outperform. Valero Energy shares rose 0.9 percent to $81.20 in pre-market trading.
• UBS upgraded Chevron Corporation CVX from Neutral to Buy. Chevron shares rose 0.9 percent to $112.95 in pre-market trading.
• Raymond James upgraded Commerce Bancshares, Inc. CBSH from Underperform to Market Perform. Commerce Bancshares shares rose 1.19 percent to close at $60.43 on Thursday.
• JP Morgan upgraded Kimberly Clark Corp KMB from Neutral to Overweight. Kimberly-Clark shares dropped 0.31 percent to close at $114.37 on Thursday.
• Piper Jaffray upgraded Sportsman's Warehouse Holdings Inc SPWH from Neutral to Overweight. Sportsman's Warehouse shares gained 6.1 percent to $5.20 in pre-market trading.
• Jefferies upgraded Iqvia Holdings Inc IQV from Hold to Buy. IQVIA fell 0.52 percent to close at $124.09 on Thursday.
• Oppenheimer upgraded Fiserv Inc FISV from Perform to Outperform. Fiserv shares declined 0.2 percent to $74.39 in pre-market trading.
• Nomura upgraded Arista Networks Inc ANET from Neutral to Buy. Arista shares rose 1.5 percent to $224.28 in pre-market trading.
• Analysts at KeyBanc upgraded Allscripts Healthcare Solutions Inc MDRX from Sector Weight to Overweight. Allscripts shares rose 0.26 percent to close at $11.67 on Thursday.

Top Downgrades

• BMO Capital downgraded KeyCorp KEY from Outperform to Market Perform. KeyCorp shares fell 0.5 percent to $16.25 in pre-market trading.
• JP Morgan downgraded PPG Industries, Inc. PPG from Overweight to Neutral. PPG shares rose 4.69 percent to close at $107.36 on Thursday.
• Longbow Research downgraded United States Steel Corporation X from Buy to Neutral. United States Steel shares rose 0.9 percent to $21.40 in pre-market trading.
• Morgan Stanley downgraded Casa Systems Inc CASA from Overweight to Equal-Weight. Casa Systems shares fell 32 percent to $9.79 in pre-market trading.
• RBC Capital downgraded Interpublic Group of Companies Inc IPG from Outperform to Sector Perform. Interpublic shares fell 4.5 percent to $21.33 in pre-market trading.
• B. Riley FBR downgraded Nautilus, Inc. NLS from Buy to Neutral. Nautilus shares fell 41.2 percent to $6.94 in pre-market trading.
• Wedbush downgraded CarMax, Inc KMX from Outperform to Neutral. CarMax shares fell 1.2 percent to $63.81 in pre-market trading.
• Citigroup downgraded Signet Jewelers Ltd. SIG from Neutral to Sell. Signet shares fell 1.5 percent to $24.76 in pre-market trading.
• BMO Capital downgraded Iamgold Corp IAG from Outperform to Market Perform. Iamgold shares dropped 1.7 percent to $2.96 in pre-market trading.
• Citigroup downgraded Delek US Holdings Inc DK from Buy to Neutral. Delek US shares rose 2.01 percent to close at $32.92 on Thursday.

Top Initiations

• BMO Capital initiated coverage on Rockwell Automation ROK with an Outperform rating. The price target for Rockwell Automation is set to $185. Rockwell Automation shares closed at $160.26 on Thursday.
• Credit Suisse initiated coverage on Primerica, Inc. PRI with an Outperform rating. The price target for Primerica is set to $135. Primerica shares closed at $105.90 on Thursday.
• BTIG Research initiated coverage on WEX Inc WEX with a Buy rating. The price target for WEX is set to $198. WEX shares closed at $158.17 on Thursday.
• Analysts at MKM Partners initiated coverage on Teck Resources Ltd TECK with a Buy rating. The price target for Teck Resources is set to $28. Teck Resources closed at $22.97 Thursday.
• SunTrust Robinson Humphrey initiated coverage on Magellan Midstream Partners, L.P. MMP with a Hold rating. The price target for Magellan Midstream is set to $65. Magellan Midstream closed at $61.85 on Thursday.
• H.C. Wainwright initiated coverage on Provention Bio Inc PRVB with a Buy rating. The price target for Provention Bio is set to $7.50. Provention Bio shares closed at $2.22 on Thursday.
• Analysts at Janney Capital initiated coverage on York Water Co YORW with a Buy rating. The price target for York Water is set to $35. York Water closed at $31.27 on Thursday.
• Baird initiated coverage on Tocagen Inc TOCA with an Outperform rating. The price target for Tocagen is set to $20. Tocagen shares closed at $8.56 on Thursday.
• Analysts at HSBC initiated coverage on Tencent Music Entertainment Group - ADR TME with a Buy rating. The price target for Tencent Music Entertainment is set to $16. Tencent Music Entertainment shares closed at $12.97 on Thursday.
• Analysts at DA Davidson initiated coverage on Joint Corp JYNT with a Buy rating. The price target for Joint Corp is set to $10. Joint Corp shares closed at $8.10 on Thursday.