Benzinga's Top Upgrades, Downgrades For April 3, 2019

Top Upgrades

• Analysts at Citigroup upgraded Ascena Retail Group Inc ASNA from Sell to Neutral. Ascena Retail shares rose 5.7 percent to $1.05 in pre-market trading.
• DA Davidson upgraded Urban Outfitters, Inc. URBN from Neutral to Buy. Urban Outfitters shares rose 1.9 percent to $31.24 in pre-market trading.
• Analysts at Barclays upgraded Kennametal Inc. KMT from Equal-Weight to Overweight. Kennametal shares rose 0.85 percent to close at $38.14 on Tuesday.
• BTIG Research upgraded Irhythm Technologies Inc IRTC from Neutral to Buy. iRhythm Technologies shares rose 1.9 percent to $70.66 in pre-market trading.
• Analysts at Goldman Sachs upgraded Enterprise Products Partners L.P. EPD from Neutral to Buy. Enterprise Prods Partners rose 1.6 percent to $29.94 in pre-market trading.
• Raymond James upgraded Commscope Holding Company Inc COMM from Outperform to Strong Buy. CommScope shares rose 0.1 percent to $22.85 in pre-market trading.
• RBC Capital upgraded Merus NV MRUS from Sector Perform to Outperform. Merus shares fell 5.23 percent to close at $13.05 on Tuesday.
• JP Morgan upgraded Intelsat SA I from Neutral to Overweight. Intelsat shares rose 6.8 percent to $16.40 in pre-market trading.
• Jefferies upgraded e.l.f. Beauty Inc ELF from Hold to Buy. e.l.f. Beauty shares rose 5.3 percent to $11.00 in pre-market trading.
• Evercore ISI Group upgraded Canadian Natural Resources Ltd CNQ from In-Line to Outperform. Canadian Natural Resources shares gained 0.1 percent to $27.83 in pre-market trading.

Top Downgrades

• RBC Capital downgraded Senior Housing Properties Trust SNH from Sector Perform to Underperform. Senior Housing Properties shares fell 5.1 percent to $9.61 in pre-market trading.
• Goldman Sachs downgraded Tallgrass Energy LP TGE from Buy to Neutral. Tallgrass Energy shares fell 1.4 percent to $25.00 in pre-market trading.
• Canaccord Genuity downgraded Meridian Bioscience, Inc. VIVO from Hold to Sell. Meridian Bioscience shares fell 19.32 percent to close at $ 14.20 on Tuesday.
• Bank of America downgraded Alcoa Corp AA from Buy to Neutral. Alcoa shares fell 0.2 percent to $28.50 in pre-market trading.
• Cowen & Co. downgraded Spirit AeroSystems Holdings, Inc. SPR from Outperform to Market Perform. Spirit AeroSystems shares fell 1.24 percent to close at $92.49 on Tuesday.
• UBS downgraded Raytheon Company RTN from Buy to Neutral. Raytheon shares fell 0.8 percent to $184.40 in pre-market trading.
• Loop Capital downgraded Walgreens Boots Alliance Inc WBA from Buy to Hold. Walgreens shares rose 0.4 percent to $ 5.57 in pre-market trading.
• Deutsche Bank downgraded Caterpillar Inc. CAT from Buy to Hold. Caterpillar shares fell 1 percent to $138.90 in pre-market trading.
• Susquehanna downgraded CSX Corporation CSX from Positive to Neutral. CSX shares fell 0.4 percent to $75.88 in pre-market trading.
• Stephens & Co. downgraded Blackbaud, Inc. BLKB from Overweight to Equal-Weight. Blackbaud shares fell 1.1 percent to $82.06 in pre-market trading.

Top Initiations

• Nomura initiated coverage on NVIDIA Corporation NVDA with a Neutral rating. The price target for NVIDIA is set to $147. NVIDIA shares closed at $183.00 on Tuesday.
• Bernstein initiated coverage on Square Inc SQ with a Market Perform rating. The price target for Square is set to $80. Square shares closed at $75.60 on Tuesday.
• Analysts at BTIG Research initiated coverage on GrubHub Inc GRUB with a Buy rating. The price target for GrubHub is set to $95. GrubHub shares closed at $70.58 on Tuesday.
• Jefferies initiated coverage on KLX Energy Services Holdings Inc KLXE with a Buy rating. The price target for KLX Energy Services is set to $35. KLX Energy Services shares closed at $25.66 on Tuesday.
• PiperJaffray initiated coverage on Apergy Corp APY with an Overweight rating. Apergy closed at $41.03 on Tuesday.
• Analysts at Cantor Fitzgerald initiated coverage on Verastem Inc VSTM with an Overweight rating. The price target for Verastem is set to $5. Verastem shares closed at $3.03 on Tuesday.
• Analysts at Nomura initiated coverage on Intel Corporation INTC with Buy rating. The price target for Intel is set to $65. Intel shares closed at $54.36 on Tuesday.
• Cantor Fitzgerald initiated coverage on Benefitfocus Inc BNFT with an Overweight rating. The price target for Benefitfocus is set to $60. Benefitfocus shares closed at $45.95 on Tuesday.
• Goldman Sachs initiated coverage on Futu Holdings Ltd FHL with a Neutral rating. Futu Holdings shares closed at $17.62 on Tuesday.
• Analysts at Nomura initiated coverage on Advanced Micro Devices, Inc. AMD with a Buy rating. The price target for AMD is set to $33. AMD closed at $26.75 on Tuesday.