Benzinga's Top Upgrades, Downgrades For March 4, 2019

Top Upgrades

• Morgan Stanley upgraded Kraft Heinz Co (NASDAQ:KHC) from Underweight to Equal-Weight. Kraft Heinz shares rose 2.2 percent to $33.10 in pre-market trading.
• Pivotal Research upgraded Foot Locker, Inc. (NYSE:FL) from Hold to Buy. Foot Locker shares rose 1.1 percent to $63.75 in pre-market trading.
• Stifel Nicolaus upgraded Zoetis Inc (NYSE:ZTS) from Hold to Buy. Zoetis shares rose 1.2 percent to $96.92 in pre-market trading.
• Goldman Sachs upgraded Group 1 Automotive, Inc. (NYSE:GPI) from Neutral to Buy. Group 1 Automotive shares fell 0.11 percent to close at $62.11 on Friday.
• B. Riley FBR upgraded Scorpio Tankers Inc. (NYSE:STNG) from Neutral to Buy. Scorpio Tankers shares rose 3.4 percent to $19.05 in pre-market trading.
• BMO Capital upgraded ON Semiconductor Corp (NASDAQ:ON) from Market Perform to Outperform. ON Semiconductor shares rose 0.88 percent to close at $21.67 on Friday.
• JMP Securities upgraded Redwood Trust, Inc. (NYSE:RWT) from Market Perform to Market Outperform. Redwood Trust shares rose 0.2 percent to close at $15.33 on Friday.
• Goldman Sachs upgraded Extended Stay America, Inc. (NASDAQ:STAY) from Neutral to Buy. Extended Stay America shares rose 2.5 percent to $19.07 in pre-market trading.
• Macquarie upgraded Eversource Energy (NYSE:ES) from Neutral to Outperform. Eversource Energy shares fell 0.1 percent to close at $69.74 on Friday.
• Analysts at BMO Capital upgraded Hasbro, Inc. (NASDAQ:HAS) from Underperform to Market Perform. Hasbro shares gained 1.1 percent to $89.00 in pre-market trading.

Top Downgrades

• Cantor Fitzgerald downgraded Nightstar Therapeutics PLC (NASDAQ:NITE) from Overweight to Neutral. Nightstar Therapeutics shares rose 66.9 percent to $25.30 in pre-market trading.
• Barclays downgraded Bed Bath & Beyond Inc. (NASDAQ:BBBY) from Equal-Weight to Underweight. Bed Bath & Beyond shares fell 3 percent to $16.20 in pre-market trading.
• BMO Capital downgraded Xilinx, Inc. (NASDAQ:XLNX) from Outperform to Market Perform. Xilinx shares fell 0.5 percent to $126.04 in pre-market trading.
• SunTrust Robinson Humphrey downgraded Okta Inc (NASDAQ:OKTA) from Buy to Hold. Okta shares fell 1.4 percent to $85.25 in pre-market trading.
• H.C. Wainwright downgraded ImmunoGen, Inc. (NASDAQ:IMGN) from Buy to Neutral. Immunogen shares fell 0.4 percent to $2.50 in pre-market trading.
• JP Morgan downgraded Dillard's, Inc. (NYSE:DDS) from Neutral to Underweight. Dillard's shares fell 1.4 percent to $74.14 in pre-market trading.
• Piper Jaffray downgraded Guidewire Software Inc (NYSE:GWRE) from Overweight to Neutral. Guidewire Software shares fell 1.7 percent to $92.05 in pre-market trading.
• National Bank Financial downgraded Enbridge Inc (NYSE:ENB) from Outperform to Sector Perform. Enbridge shares fell 4 percent to $35.75 in pre-market trading.
• Guggenheim downgraded Worldpay Inc (NYSE:WP) from Buy to Neutral. Worldpay shares fell 0.4 percent to $97.35 in pre-market trading.
• UBS downgraded SunTrust Banks, Inc. (NYSE:STI) from Buy to Neutral. SunTrust shares rose 2.19 percent to close at $66.28 on Friday.

Top Initiations

• Wells Fargo initiated coverage on Apergy Corp (NYSE:APY) with an Outperform rating. The price target for Apergy is set to $52. Apergy shares closed at $41.98 on Friday.
• Analysts at Leerink Swann initiated coverage on Alector Inc (NASDAQ:ALEC) with an Outperform rating. Alector shares closed at $21.00 on Friday.
• H.C. Wainwright initiated coverage on Immunomedics, Inc. (NASDAQ:IMMU) with a Buy rating. The price target for Immunomedics is set to $28. Immunomedics shares closed at $16.55 on Friday.
• Deutsche Bank initiated coverage on Hutchison China MediTech Limited (NASDAQ:HCM) with a Buy rating. Hutchison China Meditech shares closed at $26.82 on Friday.
• Analysts at Chardan Capital initiated coverage on InVitae Corp (NYSE:NVTA) with a Buy rating. InVitae shares closed at $20.33 on Friday.
• Cantor Fitzgerald assumed coverage on Prothena Corporation PLC (NASDAQ:PRTA) with an Overweight rating. Prothena shares closed at $13.77 on Friday.
• Morgan Stanley initiated coverage on Alector Inc (NASDAQ:ALEC) with an Overweight rating. The price target for Alector is set to $27. Alector shares closed at $21.00 on Friday.