Benzinga's Top Upgrades, Downgrades For May 15, 2019

Top Upgrades

• BMO Capital upgraded Tilray Inc TLRY from Underperform to Market Perform. Tilray rose 3.8 percent to $50.58 in pre-market trading.
• JMP Securities upgraded Heritage Insurance Holdings Inc HRTG from Market Perform to Market Outperform. Heritage Insurance shares rose 2.6 percent to close at $15.16 on Tuesday.
• Analysts at Goldman Sachs upgraded Westlake Chemical Corporation WLK from Neutral to Buy. Westlake Chemical shares rose 2.5 percent to close at $59.82 on Tuesday.
• Wells Fargo upgraded Owens-Illinois Inc OI from Market Perform to Outperform. Owens-Illinois shares rose 1.1 percent to close at $17.21 on Tuesday.
• Analysts at Guggenheim upgraded Zillow Group Inc ZG from Neutral to Buy. Zillow rose 3.4 percent to $37.79 in pre-market trading.
• Analysts at Susquehanna upgraded Applied Materials, Inc. AMAT from Neutral to Positive. Applied Materials shares rose 3.1 percent to $41.25 in pre-market trading.
• Credit Suisse upgraded PBF Energy Inc PBF from Neutral to Outperform. PBF Energy shares rose 0.7 percent to $29.57 in pre-market trading.
• Nomura upgraded JD.Com Inc JD from Neutral to Buy. JD.com shares rose 0.5 percent to $29.81 in pre-market trading.

Top Downgrades

• Wedbush downgraded bluebird bio Inc BLUE from Outperform to Neutral. bluebird bio shares rose 1.77 percent to close at $126.68 on Tuesday.
• Dougherty & Co. downgraded 8x8, Inc. EGHT from Buy to Neutral. 8x8 shares fell 7.5 percent to $21.95 in pre-market trading.
• Cowen & Co. downgraded Zayo Group Holdings Inc ZAYO from Outperform to Market Perform. Zayo fell 0.2 percent to $32.80 in pre-market trading.
• SVB Leerink downgraded Henry Schein, Inc. HSIC from Outperform to Market Perform. Henry Schein shares fell 1.2 percent to $66.50 in pre-market trading.
• Argus downgraded Buckeye Partners, L.P. BPL from Hold to Sell. Buckeye Partners shares closed at $41.80 on Tuesday.
• Wedbush downgraded Signature Bank SBNY from Outperform to Neutral. Signature Bank closed at $124.36 on Tuesday.
• B. Riley FBR downgraded Pointer Telocation Ltd PNTR from Buy to Neutral. Pointer Telocation shares rose 0.8 percent to close at $14.41 on Tuesday.
• BTIG Research downgraded electroCore, Inc. ECOR from Buy to Neutral. electroCore shares fell 4.3 percent to $5.10 in pre-market trading.
• B. Riley FBR downgraded Kirkland's, Inc. KIRK from Buy to Neutral. Kirkland's shares rose 1.71 percent to close at $5.34 on Tuesday.

Top Initiations

• Wells Fargo initiated coverage on Rambus Inc. RMBS with an Outperform rating. Rambus shares closed at $11.35 on Tuesday.
• Stifel Nicolaus initiated coverage on Target Hospitality Corp TH with a Buy rating. Target Hospitality shares closed at $10.59 on Tuesday.
• Wells Fargo initiated coverage on Synopsys, Inc. SNPS with an Outperform rating. Synopsys shares closed at $117.74 on Tuesday.
• Berenberg initiated coverage on Live Nation Entertainment, Inc. LYV with a Buy rating. Live Nation Entertainment shares closed at $64.15 on Tuesday.
• Analysts at Wells Fargo initiated coverage on Semtech Corporation SMTC with an Outperform rating. Semtech closed at $48.03 on Tuesday.
• Analysts at Susquehanna initiated coverage on MKS Instruments, Inc. MKSI with a Positive rating. The price target for MKS Instruments is set to $123. MKS Instruments shares closed at $80.75 on Tuesday.
• UBS initiated coverage on Westrock Co WRK with a Buy rating. The price target for Westrock is set to $47. Westrock closed at $37.19 on Tuesday.
• Analysts at Barclays initiated coverage on Four Corners Property Trust Inc FCPT with an Equal-Weight rating. The price target for Four Corners Property Trust is set to $29. Four Corners Property Trust shares closed at $29.01 on Tuesday.
• Analysts at UBS initiated coverage on Packaging Corp Of America PKG with Buy rating. The price target for Packaging Corp is set to $109. Packaging Corp shares closed at $97.18 on Tuesday.
• Wells Fargo initiated coverage on Marvell Technology Group Ltd. MRVL with a Market Perform rating. The price target for Marvell Technology is set to $24. Marvell shares closed at $22.89 on Tuesday.