Benzinga's Top Upgrades, Downgrades For May 14, 2018

Top Upgrades

• Citigroup upgraded L Brands, Inc. LB from Neutral to Buy. L Brands shares rose 2.07 percent to $33.00 in pre-market trading.
• Jefferies upgraded Tailored Brands, Inc. TLRD from Hold to Buy. Tailored Brands shares rose 2.88 percent to $32.50 in pre-market trading.
• Deutsche Bank upgraded Westinghouse Air Brake Technologies Corporation WAB from Hold to Buy. Westinghouse Air Brake shares rose 1.05 percent to $94.04 in pre-market trading.
• Bank of America upgraded United Parcel Service, Inc. UPS from Neutral to Buy. UPS shares rose 1.35 percent to $117.01 in pre-market trading.
• JP Morgan upgraded Delek US Holdings, Inc. DK from Neutral to Overweight. Delek US shares rose 0.19 percent to close at $48.58 on Friday.
• Oppenheimer upgraded Children's Place, Inc. PLCE from Perform to Outperform. Children's Place shares rose 1.91 percent to close at $130.80 on Friday.
• Canaccord Genuity upgraded Thomson Reuters Corporation TRI from Hold to Buy. Thomson Reuters shares gained 1.17 percent to $38.08 in pre-market trading.
• Analysts at Raymond James upgraded Federated National Holding Company FNHC from Outperform to Strong Buy. Federated National shares fell 0.54 percent to close at $18.34 on Friday.
• BMO Capital upgraded Magna International Inc. MGA from Market Perform to Outperform. Magna shares rose 0.08 percent to close at $63.22 on Friday.
• Argus upgraded Versum Materials, Inc. VSM from Hold to Buy. Versum Materials shares rose 1.43 percent to $39.60 in pre-market trading.

Top Downgrades

• JP Morgan downgraded Xerox Corporation XRX from Overweight to Neutral. Xerox shares dropped 4.41 percent to $28.84 in pre-market trading.
• Deutsche Bank downgraded Dean Foods Company DF from Hold to Sell. Dean Foods shares fell 1.34 percent to $10.33 in pre-market trading.
• Bank of America downgraded Masco Corporation MAS from Buy to Neutral. Masco shares rose 0.84 percent to $38.39 in pre-market trading.
• Wells Fargo downgraded Owens-Corning OC from Outperform to Market Perform. Owens-Corning shares fell 0.43 percent to close at $66.92 on Friday.
• Stifel Nicolaus downgraded Alpha and Omega Semiconductor Limited AOSL from Hold to Sell. Alpha & Omega shares fell 0.32 percent to close at $15.35 on Friday.
• Compass Point downgraded Hilltop Holdings Inc. HTH from Buy to Neutral. Hilltop shares fell 0.31 percent to close at $22.71 on Friday.
• Raymond James downgraded United Insurance Holdings Corp. UIHC from Strong Buy to Outperform. United Insurance shares rose 3.02 percent to close at $20.82 on Friday.
• Deutsche Bank downgraded Uniti Group Inc. UNIT from Buy to Hold. Uniti Group shares fell 0.25 percent to $20.25 in pre-market trading.
• JP Morgan downgraded Andeavor ANDV from Overweight to Neutral. Andeavor shares fell 0.36 percent to close at $140.16 on Friday.
• Baird downgraded Chesapeake Lodging Trust CHSP from Outperform to Neutral. Chesapeake Lodging shares fell 1.72 percent to close at $30.87 on Friday.

Top Initiations

• JP Morgan initiated coverage on Western Digital Corporation WDC with an Overweight rating. The price target for Western Digital is set to $120. Western Digital shares closed at $78.80 on Friday.
• KeyBanc initiated coverage on MongoDB, Inc. MDB with an Overweight rating. The price target for MongoDB is set to $50. MongoDB shares closed at $43.21 on Friday.
• Analysts at Credit Suisse initiated coverage on GrafTech International Ltd. EAF with an Outperform rating. The price target for GrafTech is set to $24. GrafTech shares closed at $18.71 on Friday.
• Analysts at Barclays initiated coverage on nVent Electric plc NVT with an Equal-Weight rating. The price target for nVent Electric is set to $24. nVent Electric shares closed at $25.59 on Friday.
• JMP Securities initiated coverage on MorphoSys AG MOR with a Market Outperform rating. The price target for MorphoSys is set to $38. MorphoSys shares closed at $27.40 on Friday.
• Ladenburg Thalmann initiated coverage on Zymeworks Inc. ZYME with a Buy rating. The price target for Zymeworks is set to $25. Zymeworks shares closed at $15.83 on Friday.
• Barclays initiated coverage on Apergy Corporation APY with an Overweight rating. The price target for Apergy is set to $44. Apergy shares closed at $38.05 on Friday.
• Craig-Hallum initiated coverage on Columbus McKinnon Corporation CMCO with a Buy rating. The price target for Columbus McKinnon is set to $49. Columbus McKinnon shares closed at $36.19 on Friday.
• Evercore ISI Group initiated coverage on Surface Oncology, Inc. SURF with an Outperform rating. The price target for Surface Oncology is set to $26. Surface Oncology shares closed at $14.05 on Friday.