Benzinga's Top Upgrades, Downgrades For April 18, 2019

Top Upgrades

• Analysts at Morgan Stanley upgraded Smart & Final Stores Inc SFS from Underweight to Equal-Weight. Smart & Final shares fell 0.3 percent to $6.47 in pre-market trading.
• Cowen & Co. upgraded Gogo Inc GOGO from Market Perform to Outperform. Gogo shares fell 2.14 percent to $5.25 in pre-market trading.
• JP Morgan upgraded ResMed Inc. RMD from Underweight to Neutral. ResMed shares closed at $97.37 on Wednesday.
• Roth Capital upgraded Tonix Pharmaceuticals Holding Corp TNXP from Neutral to Buy. Tonix Pharmaceuticals shares fell 7.4 percent to $2.25 in pre-market trading.
• Morgan Stanley upgraded J M Smucker Co SJM from Underweight to Equal-Weight. Smucker shares closed at $119.26 on Tuesday.
• Analysts at RBC Capital upgraded Venator Materials PLC VNTR from Sector Perform to Outperform. Venator Materials shares closed at $6.82 on Wednesday.
• DZ Bank upgraded QUALCOMM, Inc. QCOM from Hold to Buy. Qualcomm shares closed at $79.08 on Wednesday.
• Goldman Sachs upgraded PepsiCo, Inc. PEP from Sell to Neutral. PepsiCo shares closed at $127.01 on Wednesday.
• Analysts at Nomura upgraded Ecolab Inc. ECL from Neutral to Buy. Ecolab closed at $182.96 on Wednesday.
• JP Morgan upgraded NICE Ltd. NICE from Neutral to Overweight. NICE shares closed at $130.83 on Wednesday.

Top Downgrades

• Morgan Stanley downgraded American Electric Power Company, Inc. AEP from Overweight to Equal-Weight. American Electric Power shares closed at $83.20 on Wednesday.
• Compass Point downgraded Texas Capital Bancshares, Inc. TCBI from Buy to Neutral. Texas Capital Bancshares shares closed at $58.49 on Wednesday.
• JP Morgan downgraded Avery Dennison Corporation AVY from Neutral to Underweight. Avery Dennison shares closed at $113.64 on Wednesday.
• Stifel Nicolaus downgraded Coty Inc COTY from Buy to Hold. Coty shares closed at $11.25 on Wednesday.
• Baird downgraded Stericycle, Inc. SRCL from Neutral to Underperform. Stericycle shares closed at $57.12 on Wednesday.
• Deutsche Bank downgraded J.B. Hunt Transport Services, Inc. JBHT from Buy to Sell. JB Hunt shares closed at $98.51 on Wednesday.
• Wedbush downgraded Snap Inc. SNAP from Outperform to Neutral. Snap shares closed at $11.75 on Wednesday.
• Citigroup downgraded Morgan Stanley MS from Buy to Neutral. Morgan Stanley shares closed at $48.26 on Wednesday.
• Bank of America downgraded CF Industries Holdings, Inc. CF from Buy to Underperform. CF Industries shares closed at $44.62 on Wednesday.
• Rosenblatt downgraded CME Group Inc. CME from Neutral to Sell. CME shares closed at $176.92 on Wednesday.

Top Initiations

• Credit Suisse initiated coverage on frontdoor, inc. FTDR with a Neutral rating. The price target for frontdoor is set to $40. frontdoor shares closed at $34.23 on Wednesday.
• Analysts at Maxim Group initiated coverage on Graham Corporation GHM with a Buy rating. Graham closed at $20.00 on Wednesday.
• William Blair initiated coverage on Woodward, Inc. WWD with an Outperform rating. Woodward shares closed at $95.92 on Wednesday.
• Guggenheim initiated coverage on Henry Schein, Inc. HSIC with a Buy rating. The price target for Henry Schein is set to $72. Henry Schein shares closed at $60.73 on Wednesday.
• Analysts at Stephens & Co. initiated coverage on Ruth's Hospitality Group, Inc. RUTH with an Equal-Weight rating. The price target for Ruth's Hospitality is set to $28. Ruth's Hospitality shares closed at $25.21 on Wednesday.
• Stifel Nicolaus initiated coverage on CONMED Corporation CNMD with a Buy rating. The price target for CONMED is set to $95. CONMED shares closed at $78.27 on Wednesday.
• BTIG Research initiated coverage on Eidos Therapeutics, Inc. EIDX with a Buy rating. The price target for Eidos Therapeutics is set to $38. Eidos Therapeutics shares closed at $23.38 on Wednesday.
• Evercore ISI Group initiated coverage on Kennedy-Wilson Holdings, Inc. KW with an Outperform rating. Kennedy-Wilson shares closed at $21.52 on Wednesday.
• Analysts at BMO Capital initiated coverage on Alcon, Inc. ALC with a Market Perform rating. The price target for Alcon is set to $54. Alcon shares closed at $56.61 on Wednesday.
• Analysts at Guggenheim initiated coverage on Cardinal Health, Inc. CAH with Neutral rating. The price target for Cardinal Health is set to $51. Cardinal Health shares closed at $44.88 on Wednesday.