Benzinga's Top Upgrades, Downgrades For May 7, 2018

Top Upgrades

• Deutsche Bank upgraded Tribune Media Company TRCO from Hold to Buy. Tribune Media shares rose 3.52 percent to close at $36.15 on Friday.
• Mizuho upgraded FirstEnergy Corp. FE from Neutral to Buy. FirstEnergy shares gained 1.76 percent to close at $34.11 on Friday.
• Pivotal Research upgraded Balchem Corporation BCPC from Sell to Hold. Balchem shares rose 4.40 percent to close at $92.83 on Friday.
• Analysts at BMO Capital upgraded Adtalem Global Education Inc. ATGE from Market Perform to Outperform. Adtalem Global Education shares fell 5.38 percent to close at $44.85 on Friday.
• Keefe Bruyette & Woods upgraded PennyMac Financial Services, Inc. PFSI from Market Perform to Outperform. PennyMac Financial
• shares declined 6 percent to close at $19.60 on Friday.
• KeyBanc upgraded Silgan Holdings Inc. SLGN from Underweight to Sector Weight. Silgan shares rose 2.14 percent to close at $27.20 on Friday.
• Barclays upgraded Illumina, Inc. ILMN from Equal-Weight to Overweight. Illumina shares rose 1.71 percent to $249.00 in pre-market trading.
• RBC Capital upgraded PotlatchDeltic Corporation PCH from Sector Perform to Outperform. PotlatchDeltic shares fell 5.43 percent to close at $48.75 on Wednesday.
• Deutsche Bank upgraded Luminex Corporation LMNX from Sell to Hold. Luminex shares fell 0.47 percent to close at $21.40 on Friday.
• UBS upgraded Discover Financial Services DFS from Sell to Neutral. Marathon Petroleum shares rose 1.82 percent to close at $70.87 on Friday.

Top Downgrades

• Wedbush downgraded FirstCash, Inc. FCFS from Outperform to Neutral. FirstCash shares fell 1.43 percent to $89.55 in pre-market trading.
• Citigroup downgraded Buckeye Partners, L.P . BPL from Buy to Neutral. Buckeye Partners shares rose 0.72 percent to $39.01 in pre-market trading.
• Drexel Hamilton downgraded FLIR Systems, Inc. FLIR from Buy to Hold. FLIR Systems shares rose 1.56 percent to close at $54.52 on Thursday.
• RBC Capital downgraded Celgene Corporation CELG from Top Pick to Outperform. Celgene shares rose 0.10 percent to $86.98 in pre-market trading.
• Keefe Bruyette & Woods downgraded MTGE Investment Corp. MTGE from Outperform to Market Perform. MTGE Investment shares rose 0.51 percent to close at $19.60 on Wednesday.
• Barclays downgraded Eaton Corporation plc ETN from Equal-Weight to Underweight. Eaton shares gained 2.46 percent to close at $74.87 on Wednesday.
• Analysts at Mizuho downgraded ALLETE, Inc. ALE from Buy to Neutral. ALLETE shares rose 1.05 percent to close at $79.62 on Wednesday.
• Buckingham downgraded Sirius XM Holdings Inc. SIRI from Buy to Neutral. Neutral. Sirius XM shares rose 0.30 percent to $ 6.69 in pre-market trading .

Top Initiations

• Analysts at Canaccord Genuity initiated coverage on Zuora, Inc. ZUO with a Hold rating. The price target for Zuora is set to $20. Zuora shares closed at $19.55 on Friday.
• Analysts at H.C. Wainwright assumed coverage on SCYNEXIS, Inc. SCYX with a Buy rating. The price target for SCYNEXIS is set to $5. SCYNEXIS shares closed at $1.17 on Friday.
• Jefferies initiated coverage on Zuora, Inc. ZUO with a Buy rating. The price target for Zuora is set to $24. Zuora shares closed at $19.55 on Friday.
• Craig-Hallum initiated coverage on Cloudera, Inc. CLDR with a Buy rating. The price target for Cloudera is set to $20. Cloudera shares closed at $15.04 on Friday.
• Morgan Stanley initiated coverage on Zuora, Inc. ZUO with an Equal-Weight rating. The price target for Zuora is set to $19. Zuora shares closed at $19.55 on Friday.