Benzinga's Top Upgrades, Downgrades For November 15, 2018

Top Upgrades

• Raymond James upgraded Switch Inc SWCH from Market Perform to Strong Buy. Switch shares rose 3.8 percent to $7.34 in pre-market trading.
• Analysts at Susquehanna upgraded Oasis Petroleum Inc. OAS from Neutral to Positive. Oasis Petroleum shares fell 0.6 percent to close at $8.27 on Wednesday.
• Citigroup upgraded Trinseo S.A. TSE from Neutral to Buy. Trinseo shares rose 2.82 percent to close at $46.25 on Wednesday.
• Bank of America upgraded CubeSmart CUBE from Neutral to Buy. CubeSmart shares rose 1.2 percent to $30.10 in pre-market trading.
• JP Morgan upgraded Athenex Inc ATNX from Neutral to Overweight. Athenex shares fell 12.14 percent to close at $10.24 on Wednesday.
• BMO Capital upgraded Coty Inc COTY from Market Perform to Outperform. Coty shares rose 3.5 percent to $9.00 in pre-market trading.
• Raymond James upgraded Voyager Therapeutics Inc VYGR from Outperform to Strong Buy. Voyager Therapeutics shares fell 4.66 percent to close at $11.25 on Wednesday.

Top Downgrades

• Canaccord Genuity downgraded Blue Apron Holdings Inc APRN from Buy to Hold. Blue Apron shares fell 6 percent to $1.10 in pre-market trading.
• Mizuho downgraded Horizon Pharma PLC HZNP from Buy to Neutral. Horizon Pharma shares fell 2.79 percent to close at $21.24 on Wednesday.
• RBC Capital downgraded Pan American Silver Corp. PAAS from Outperform to Sector Perform. Pan American Silver shares rose 1.3 percent to $12.82 in pre-market trading.
• Bank of America downgraded KB Home KBH from Buy to Neutral. KB Home shares fell 7.7 percent to $19.19 in pre-market trading.
• Citigroup downgraded Copa Holdings, S.A. CPA from Buy to Neutral. Copa shares dropped 3 percent to $79.00 in pre-market trading.
• Morgan Stanley downgraded PG&E Corporation PCG from Overweight to Equal-Weight. PG&E shares fell 2 percent to $25.10 in pre-market trading.
• Bank of America downgraded Lamb Weston Holdings Inc LW from Buy to Neutral. Lamb Weston shares fell 1.2 percent to $81.99 in pre-market trading.

Top Initiations

• Barclays initiated coverage on Automatic Data Processing ADP with an Overweight rating. The price target for ADP is set to $168. ADP shares closed at $142.72 on Wednesday.
• Seaport Global initiated coverage on Jacobs Engineering Group Inc JEC with a Buy rating. The price target for Jacobs Engineering is set to $91. Jacobs Engineering closed at $73.31 on Wednesday.
• Analysts at Cantor Fitzgerald initiated coverage on Denali Therapeutics Inc DNLI with an Overweight rating. The price target for Denali Therapeutics is set to $25. Denali Therapeutics closed at $17.49 on Wednesday.
• UBS initiated coverage on Altice USA Inc ATUS with a Buy rating. The price target for Altice USA is set to $26. Altice USA shares closed at $17.71 on Wednesday.
• Analysts at B. Riley FBR initiated coverage on Mogo Finance Technology Inc MOGO with a Buy rating. The price target for Mogo Finance is set to $7. Mogo Finance closed at $2.62 on Wednesday.
• Analysts at Cantor Fitzgerald initiated coverage on Aptinyx Inc APTX with an Overweight rating. The price target for Aptinyx is set to $40. Aptinyx shares closed at $24.87 on Wednesday.
• Barclays initiated coverage on Alliance Data Systems Corporation ADS with an Overweight rating. The price target for Alliance Data Systems is set to $254. Alliance Data Systems shares closed at $199.74 on Wednesday.
• Raymond James initiated coverage on Loxo Oncology Inc LOXO with a Strong Buy rating. The price target for Loxo Oncology is set to $235. Loxo Oncology shares closed at $143.42 on Wednesday.