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

Top Upgrades

• Analysts at Goldman Sachs upgraded Macy's Inc M from Sell to Neutral. Macy's shares rose 0.6 percent to $21.82 in pre-market trading.
• RBC Capital upgraded KB Home KBH from Sector Perform to Outperform. KB Home shares rose 1.2 percent to $27.11 in pre-market trading.
• Stifel Nicolaus upgraded Mohawk Industries, Inc. MHK from Hold to Buy. Mohawk Industries shares fell 2.9 percent to $132.02 in pre-market trading.
• William Blair upgraded Appian Corp APPN from Market Perform to Outperform. Appian rose 2.8 percent to $35.10 in pre-market trading.
• JP Morgan upgraded Scorpio Tankers Inc. STNG from Neutral to Overweight. Scorpio Tankers shares rose 1.6 percent to $27.34 in pre-market trading.
• Analysts at RBC Capital upgraded Taylor Morrison Home Corp TMHC from Sector Perform to Outperform. Taylor Morrison Home shares fell 0.8 percent to close at $20.85 on Wednesday.
• Wells Fargo upgraded Science Applications International Corp SAIC from Market Perform to Outperform. Science Applications shares rose 1.1 percent to close at $74.69 on Wednesday.
• Analysts at Stifel Nicolaus upgraded MYR Group Inc MYRG from Hold to Buy. MYR Group fell 0.5 percent to close at $32.02 on Wednesday.
• Baird upgraded AvalonBay Communities Inc AVB from Neutral to Outperform. AvalonBay Communities rose 0.5 percent to close at $200.70 on Monday.
• B. Riley upgraded Liberty Media Formula One Series A FWONA from Neutral to Buy. Liberty Media Formula One rose 0.3 percent to close at $36.73 on Wednesday.

Top Downgrades

• Nomura downgraded Owens Corning OC from Buy to Neutral. Owens Corning shares fell 0.7 percent to close at $48.96 on Wednesday.
• Argus Research downgraded Occidental Petroleum Corporation OXY from Buy to Hold. Occidental Petroleum shares rose 0.7 percent to $54.61 in pre-market trading.
• Citigroup downgraded Zayo Group Holdings Inc ZAYO from Buy to Neutral. Zayo shares rose 0.1 percent to close at $32.86 on Wednesday.
• Nomura downgraded Installed Building Products Inc IBP from Buy to Neutral. Installed Building rose 1.1 percent to close at $55.72 on Wednesday.
• Imperial Capital downgraded Roan Resources Inc ROAN from Outperform to In-Line. Roan Resources shares rose 2.4 percent to $4.30 in pre-market trading.
• Nomura downgraded TopBuild Corp BLD from Buy to Neutral. TopBuild shares fell 1.2 percent to $85.28 in pre-market trading.
• Bank of America downgraded Duke Realty Corp DRE from Buy to Neutral. Duke Realty shares rose 0.8 percent to $30.81 in pre-market trading.
• Argus Research downgraded Livent Corp LTHM from Buy to Hold. Livent shares fell 2.7 percent to $7.58 in pre-market trading.

Top Initiations

• Ladenburg Thalmann initiated coverage on Paysign Inc PAYS with a Buy rating. The price target for Paysign is set to $12. Paysign shares closed at $7.84 on Wednesday.
• Buckingham initiated coverage on Hillenbrand, Inc. HI with a Buy rating. The price target for Hillenbrand is set to $53. Hillenbrand shares closed at $38.82 on Wednesday.
• Oppenheimer initiated coverage on Outlook Therapeutics Inc OTLK with an Outperform rating. The price target for Outlook Therapeutics is set to $12. Outlook Therapeutics shares closed at $0.91 on Wednesday.
• JMP Securities initiated coverage on Watford Hldg Ltd WTRE with a Market Outperform rating. The price target for Watford is set to $33. Watford shares closed at $25.98 on Wednesday.
• Analysts at Barclays initiated coverage on Sunrun Inc RUN with an Overweight rating. The price target for Sunrun is set to $21. Sunrun closed at $14.78 on Wednesday.
• Analysts at Barclays initiated coverage on Ituran Location and Control Ltd. (US) ITRN with an Overweight rating. The price target for Ituran Location is set to $42. Ituran Location shares closed at $32.68 on Wednesday.
• Alliance Global Partners initiated coverage on T2 Biosystems Inc TTOO with a Buy rating. The price target for T2 Biosystems is set to $5. T2 Biosystems closed at $2.73 on Wednesday.
• Analysts at Jefferies initiated coverage on PAR Technology Corporation PAR with a Buy rating. The price target for PAR Technology is set to $32. PAR Technology shares closed at $25.50 on Wednesday.
• Analysts at B. Riley initiated coverage on Ichor Holdings Ltd ICHR with Buy rating. The price target for Ichor is set to $32. Ichor shares closed at $23.30 on Wednesday.
• Goldman Sachs initiated coverage on First Industrial Realty Trust, Inc. FR with a Buy rating. The price target for First Industrial Realty is set to $38. First Industrial Realty shares closed at $35.05 on Wednesday.