Benzinga's Top Upgrades, Downgrades For June 20, 2019

Top Upgrades

• Citigroup upgraded Ventas, Inc. VTR from Neutral to Buy. Ventas shares rose 1.5% to close at $69.65 on Wednesday.
• Stephens & Co. upgraded Adobe Inc ADBE from Equal-Weight to Overweight. Adobe shares rose 1% to $294.00 in pre-market trading.
• Analysts at Goldman Sachs upgraded Commscope Holding Company Inc COMM from Neutral to Buy. CommScope rose 4.4% to $16.30 in pre-market trading.
• Gordon Haskett upgraded Nordstrom, Inc. JWN from Reduce to Hold. Nordstrom shares rose 1.6% to $33.71 in pre-market trading.
• Analysts at Piper Jaffray upgraded Genomic Health, Inc. GHDX from Neutral to Overweight. Genomic Health shares rose 1.5% to $55.07 in pre-market trading.
• Goldman Sachs upgraded TE Connectivity Ltd TEL from Neutral to Buy. TE Connectivity rose 0.7% to close at $93.38 on Wednesday.
• Barclays upgraded Fresenius Medical Care AG & Co. FMS from Equal-Weight to Overweight. Fresenius Medical Care rose 1.9% to $40.23 in pre-market trading.
• Bank of America upgraded AES Corp AES from Underperform to Neutral. AES fell 1.6% to close at $16.57 on Wednesday.

Top Downgrades

• H.C. Wainwright downgraded Enphase Energy Inc ENPH from Buy to Neutral. Enphase Energy fell 1.1% to $18.43 in pre-market trading.
• Susquehanna downgraded Santander Consumer USA Holdings Inc SC from Positive to Neutral. Santander Consumer shares fell 0.3% to $23.37 in pre-market trading.
• Atlantic Equities downgraded Chubb Ltd CB from Neutral to Underweight. Chubb shares fell 1.6% to $147.00 in pre-market trading.
• CIBC downgraded Shopify Inc SHOP from Outperformer to Neutral. Shopify shares rose 2% to $333.50 in pre-market trading.
• Deutsche Bank downgraded Novo Nordisk A/S NVO from Buy to Hold. Novo Nordisk shares closed at $52.42 on Wednesday.
• Piper Jaffray downgraded Hershey Co HSY from Neutral to Underweight. Hershey shares fell 0.3% to close at $137.90 on Wednesday.

Top Initiations

• DA Davidson initiated coverage on Simply Good Foods Co SMPL with a Buy rating. The price target for Simply Good Foods is set to $27. Simply Good Foods closed at $24.10 on Wednesday.
• Analysts at BMO Capital initiated coverage on Enable Midstream Partners LP ENBL with a Market Perform rating. Enable Midstream Partners shares closed at $13.04 on Wednesday.
• Analysts at Deutsche Bank initiated coverage on HP Inc HPQ with a Hold rating. The price target for HP is set to $20. HP shares closed at $20.63 on Wednesday.
• Analysts at B. Riley initiated coverage on Joint Corp JYNT with a Buy rating. The price target for Joint is set to $23. Joint Corp closed at $16.91 on Wednesday.
• DA Davidson initiated coverage on Nomad Foods Ltd NOMD with a Buy rating. Nomad Foods closed at $20.32 on Wednesday.
• Wells Fargo initiated coverage on KLA-Tencor Corp KLAC with a Market Perform rating. KLA-Tencor shares closed at $112.26 on Wednesday.
• Citigroup initiated coverage on Healthcare Realty Trust Inc HR with a Neutral rating. The price target for Healthcare Realty Trust is set to $34. Healthcare Realty Trust shares closed at $33.17 on Wednesday.
• RBC Capital initiated coverage on Corteva Inc CTVA with a Sector Perform rating. The price target for Corteva is set to $29. Corteva shares closed at $27.15 on Wednesday.
• Analysts at Deutsche Bank initiated coverage on Apple Inc. AAPL with a Hold rating. The price target for Apple is set to $205. Apple shares closed at $197.87 on Wednesday.
• Citigroup initiated coverage on Amcor plc AMCR with a Buy rating. The price target for Amcor is set to $13. Amcor shares closed at $10.59 on Wednesday.