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

Top Upgrades

• BMO Capital upgraded Barrick Gold Corp GOLD from Market Perform to Outperform. Barrick Gold shares rose 0.8% to $15.72 in pre-market trading.
• Loop Capital upgraded Cinemark Holdings, Inc. CNK from Hold to Buy. Cinemark rose 0.9% to close at $36.43 on Tuesday.
• Analysts at Goldman Sachs upgraded Gol Linhas Aereas Inteligentes SA GOL from Neutral to Buy. Gol rose 0.7% to $16.80 in pre-market trading.

Top Downgrades

• BMO Capital downgraded Domtar Corp UFS from Market Perform to Underperform. Domtar shares fell 2.3% to $42.66 in pre-market trading.
• Goldman Sachs downgraded LATAM Airlines Group SA LTM from Neutral to Sell. LATAM Airlines shares fell 2.3% to close at $9.11 on Tuesday.
• JP Morgan downgraded Inogen Inc INGN from Neutral to Underweight. Inogen shares fell 2.2% to close at $65.26 on Tuesday.

Top Initiations

• JP Morgan initiated coverage on Benefitfocus Inc BNFT with a Neutral rating. The price target for Benefitfocus is set to $32. Benefitfocus shares closed at $25.63 on Tuesday.
• Argus initiated coverage on Digital Realty Trust, Inc. DLR with a Buy rating. The price target for Digital Realty Trust is set to $140. Digital Realty Trust closed at $119.13 on Tuesday.
• Analysts at Bank of America initiated coverage on Petróleo Brasileiro S.A. - Petrobras PBR with a Buy rating. The price target for Petrobras is set to $21. Petrobras closed at $15.23 on Tuesday.
• Analysts at Oppenheimer initiated coverage on Marker Therapeutics, Inc. MRKR with an Outperform rating. The price target for Marker Therapeutics is set to $15. Marker Therapeutics shares closed at $7.87 on Tuesday.
• Stephens & Co. assumed coverage on Delta Air Lines, Inc. DAL with an Overweight rating. The price target for Delta Air is set to $70. Delta Air shares closed at $58.54 on Tuesday.
• Analysts at Vertical Research initiated coverage on L3Harris Technologies LHX with a Buy rating. L3Harris Technologies shares closed at $185.77 on Tuesday.
• Analysts at Citigroup initiated coverage on CannTrust Holdings Inc CTST with a Buy rating. The price target for CannTrust is set to $7. CannTrust shares closed at $4.97 on Tuesday.
• JP Morgan initiated coverage on Bandwidth Inc BAND with an Overweight rating. The price target for Bandwidth is set to $90. Bandwidth shares closed at $75.32 on Tuesday.
• Mizuho initiated coverage on Merck & Co., Inc. MRK with a Buy rating. The price target for Merck is set to $97. Merck closed at $85.51 on Tuesday.