Benzinga's Top Upgrades, Downgrades For May 23, 2019

Top Upgrades

• Citigroup upgraded Amgen, Inc. AMGN from Neutral to Buy. Amgen shares rose 0.1 percent to $171.48 in pre-market trading.
• JP Morgan upgraded Target Corporation TGT from Neutral to Overweight. Target fell 0.4 percent to $77.25 in pre-market trading.
• Analysts at Morgan Stanley upgraded Atlassian Corporation PLC TEAM from Underweight to Equal-Weight. Atlassian shares rose 0.6 percent to $126.99 in pre-market trading.
• UBS upgraded Axis Capital Holdings Limited AXS from Neutral to Buy. Axis Capital rose 1 percent to $59.59 in pre-market trading.
• Citigroup upgraded Booking Holdings Inc BKNG from Neutral to Buy. Booking One fell 1.5 percent to close at $1,745.02 on Wednesday.
• Stifel Nicolaus upgraded PROS Holdings, Inc. PRO from Hold to Buy. PROS Holdings shares rose 0.8 percent to close at $52.05 on Wednesday.
• Analysts at Baird upgraded Heico Corp HEI from Neutral to Outperform. Heico rose 0.3 percent to $104.06 in pre-market trading.
• Analysts at Barclays upgraded Philip Morris International Inc. PM from Underweight to Equal-Weight. Philip Morris shares fell 0.2 percent to $85.32 in pre-market trading.
• Citigroup upgraded Gilead Sciences, Inc. GILD from Neutral to Buy. Gilead Sciences shares rose 0.5 percent to $66.80 in pre-market trading.
• Morgan Stanley upgraded Appian Corporation APPN from Underweight to Equal-Weight. Appian shares rose 1 percent to $35.20 in pre-market trading.

Top Downgrades

• UBS downgraded Chubb Ltd CB from Buy to Neutral. Chubb shares fell 0.3 percent to $147.61 in pre-market trading.
• BMO Capital Markets downgraded Chipotle Mexican Grill, Inc. CMG from Market Perform to Underperform. Chipotle shares fell 2.4 percent to $689.39 in pre-market trading.
• Wells Fargo downgraded Cloudera Inc CLDR from Outperform to Market Perform. Cloudera shares rose 1.1 percent to close at $10.75 on Wednesday.
• BMO Capital Markets downgraded Bloomin' Brands Inc BLMN from Market Perform to Underperform. Bloomin' Brands shares rose 0.3 percent to $20.26 in pre-market trading.
• Edward Jones downgraded QUALCOMM, Inc. QCOM from Hold to Sell. QUALCOMM shares closed at $69.31 on Wednesday.
• Citigroup downgraded Expedia Group Inc EXPE from Buy to Neutral. Expedia shares fell 2.1 percent to $114.26 in pre-market trading.
• JMP Securities downgraded Houlihan Lokey Inc HLI from Outperform to Market Perform. Houlihan Lokey slipped 0.02 percent to close at $46.65 on Wednesday.
• Credit Suisse downgraded AK Steel Holding Corporation AKS from Neutral to Underperform. AK Steel shares fell 7.7 percent to $2.05 in pre-market trading.

Top Initiations

• Analysts at Cowen & Co. initiated coverage on Zscaler Inc ZS with an Outperform rating. The price target for Zscaler is set to $85. Zscaler shares closed at $75.89 on Wednesday.
• Analysts at Wedbush initiated coverage on SAGE Therapeutics Inc SAGE with an Outperform rating. The price target for SAGE Therapeutics is set to $207. SAGE Therapeutics shares closed at $175.95 on Wednesday.
• KeyBanc initiated coverage on Goodyear Tire & Rubber Co GT with a Sector Weight rating. Goodyear Tire shares closed at $14.93 on Wednesday.
• Wedbush initiated coverage on Biogen Inc BIIB with a Neutral rating. The price target for Biogen is set to $231. Biogen closed at $235.04 on Wednesday.
• Analysts at Goldman Sachs initiated coverage on QUALCOMM, Inc. QCOM with a Neutral rating. The price target for QUALCOMM is set to $73. QUALCOMM closed at $69.31 on Wednesday.
• Cowen & Co. initiated coverage on Qualys Inc QLYS with an Outperform rating. The price target for Qualys is set to $100. Qualys shares closed at $90.15 on Wednesday.
• KeyBanc initiated coverage on Cooper Tire & Rubber Co CTB with an Overweight rating. The price target for Cooper Tire is set to $36. Cooper Tire shares closed at $28.63 on Wednesday.
• Stifel Nicolaus initiated coverage on Concrete Pumping Holdings Inc PUMP with a Buy rating. The price target for Concrete Pumping is set to $9. Concrete Pumping shares closed at $5.44 on Wednesday.
• Analysts at Citigroup initiated coverage on Nomad Foods Ltd NOMD with a Neutral rating. The price target for Nomad Foods is set to $24. Nomad Foods shares closed at $21.99 on Wednesday.
• Stephens & Co. initiated coverage on SciPlay Corp SCPL with an Overweight rating. The price target for SciPlay is set to $20. SciPlay shares closed at $15.45 on Wednesday.