Benzinga's Top Upgrades, Downgrades For April 25, 2019

Top Upgrades

• Analysts at Guggenheim upgraded Novartis AG NVS from Neutral to Buy. Novartis shares gained 1.7 percent to $79.16 in pre-market trading.
• Stifel Nicolaus upgraded Valmont Industries, Inc. VMI from Hold to Buy. Valmont shares rose 1.2 percent to close at $132.84 on Wednesday.
• Morgan Stanley upgraded American Express Company AXP from Equal-Weight to Overweight. American Express shares gained 1 percent to $115.06 in pre-market trading.
• Bank of America upgraded Wynn Resorts, Limited WYNN from Neutral to Buy. Wynn Resorts shares rose 2.1 percent to $147.38 in pre-market trading.
• Stephens & Co. upgraded Lithia Motors Inc LAD from Equal-Weight to Overweight. Lithia Motors shares rose 1.5 percent to $106.50 in pre-market trading.
• Analysts at Bank of America upgraded PNM Resources Inc PNM from Underperform to Neutral. PNM shares rose 0.1 percent to $45.20 in pre-market trading.
• Pivotal Research upgraded Sirius XM Holdings Inc SIRI from Hold to Buy. Sirius XM shares rose 1.2 percent to $5.78 in pre-market trading.
• JP Morgan upgraded General Dynamics Corporation GD from Underweight to Neutral. General Dynamics shares rose 0.2 percent to $181.04 in pre-market trading.
• Analysts at UBS upgraded Facebook, Inc. FB from Neutral to Buy. Facebook rose 8.5 percent to $197.81 in pre-market trading.
• Stifel Nicolaus upgraded Waste Connections Inc WCN from Hold to Buy. Waste Connections shares rose 1.6 percent to $90.70 in pre-market trading.

Top Downgrades

• Stifel Nicolaus downgraded Owens Corning OC from Buy to Hold. Owens Corning shares closed at $52.45 on Wednesday.
• JP Morgan downgraded PTC Inc PTC from Neutral to Underweight. PTC shares fell 9.2 percent to $92.50 in pre-market trading.
• Evercore ISI Group downgraded MACOM Technology Solutions Holdings Inc MTSI from Outperform to In-Line. MACOM shares closed at $15.85 on Tuesday.
• Goldman Sachs downgraded Xilinx, Inc. XLNX from Buy to Neutral. Xilinx shares fell 10 percent to $125.70 in pre-market trading.
• Bank of America downgraded Spirit Airlines Incorporated SAVE from Buy to Neutral. Spirit Airlines shares fell 7.4 percent to $54.00 in pre-market trading.
• Scotiabank downgraded Anadarko Petroleum Corporation APC from Sector Outperform to Sector Perform. Anadarko Petroleum shares closed at $71.40 on Wednesday.
• DA Davidson downgraded MACOM Technology Solutions Holdings Inc MTSI from Buy to Neutral. MACOM shares closed at $15.85 on Wednesday.
• Atlantic Equities downgraded Occidental Petroleum Corporation OXY from Overweight to Neutral. Occidental Petroleum shares fell 0.8 percent to $61.50 in pre-market trading.

Top Initiations

• Wedbush initiated coverage on Replimune Group Inc REPL with an Outperform rating. The price target for Replimune is set to $24. Replimune shares closed at $15.33 on Wednesday.
• Analysts at Raymond James initiated coverage on Frontdoor Inc FTDR with an Outperform rating. The price target for Frontdoor is set to $42. Frontdoor closed at $34.28 on Wednesday.
• Jefferies initiated coverage on MRC Global Inc MRC with a Hold rating. The price target for MRC Global is set to $20. MRC Global shares closed at $18.44 on Wednesday.
• Oppenheimer initiated coverage on Kala Pharmaceuticals Inc KALA with an Outperform rating. The price target for Kala Pharmaceuticals is set to $11. Kala Pharmaceuticals shares closed at $7.44 on Wednesday.
• Analysts at JP Morgan initiated coverage on Casey's General Stores Inc CASY with a Neutral rating. Casey's shares closed at $133.30 on Wednesday.
• Oppenheimer initiated initiated coverage on Eyenovia Inc EYEN with an Outperform rating. The price target for Eyenovia is set to $9. Eyenovia shares closed at $6.52 on Wednesday.
• Jefferies initiated coverage on DXP Enterprises Inc DXPE with a Hold rating. The price target for DXP Enterprises is set to $47. DXP Enterprises shares closed at $44.50 on Wednesday.