Benzinga's Top Upgrades, Downgrades For May 16, 2018

Top Upgrades

• Maxim Group upgraded Red Robin Gourmet Burgers, Inc. RRGB from Hold to Buy. Red Robin shares rose 0.25 percent to $60.45 in pre-market trading.
• Analysts at Jefferies upgraded LyondellBasell Industries N.V. LYB from Hold to Buy. LyondellBasell shares rose 0.17 percent to close at $112.17 on Tuesday.
• Macquarie upgraded TripAdvisor, Inc. TRIP from Underperform to Outperform. TripAdvisor shares fell 0.76 percent to $48.00 in pre-market trading.
• MKM Partners upgraded Urban Outfitters, Inc. URBN from Sell to Neutral. Urban Outfitters shares rose 0.39 percent to close at $40.80 on Tuesday.
• Citigroup upgraded KKR & Co. L.P. KKR from Neutral to Buy. KKR shares fell 0.69 percent to close at $21.60 on Tuesday.
• Argus upgraded Chipotle Mexican Grill, Inc. CMG from Hold to Buy. Chipotle shares rose 1.04 percent to $431.00 in pre-market trading.
• Credit Suisse upgraded T. Rowe Price Group, Inc. TROW from Neutral to Outperform. T. Rowe shares fell 0.74 percent to close at $117.14 on Tuesday.
• Susquehanna upgraded Advanced Micro Devices, Inc. AMD from Negative to Neutral. AMD shares rose 1.61 percent to $12.65 in pre-market trading.
• Jefferies upgraded W. R. Grace & Co. GRA from Hold to Buy. W R Grace shares fell 1.51 percent to close at $71.14 on Tuesday.
• Goldman Sachs upgraded Raymond James Financial, Inc. RJF from Neutral to Buy. Raymond James Financial shares rose 0.89 percent to $94.79 in pre-market trading.

Top Downgrades

• Jefferies downgraded 3M Company MMM from Buy to Hold. 3M shares declined 1.05 percent to $200.29 in pre-market trading.
• Macquarie downgraded CenturyLink, Inc. CTL from Neutral to Underperform. CenturyLink shares fell 1.70 percent to $19.05 in pre-market trading.
• Bernstein downgraded BT Group plc BT from Outperform to Market Perform. BT shares fell 1.42 percent to $13.84 in pre-market trading.
• DA Davidson downgraded F5 Networks, Inc. FFIV from Buy to Neutral. F5 Networks shares fell 0.81 percent to close at $171.20 on Tuesday.
• Goldman Sachs downgraded Avnet, Inc. AVT from Neutral to Sell. Avnet shares fell 2.10 percent to $39.58 in pre-market trading.
• Deutsche Bank downgraded WisdomTree Investments, Inc. WETF from Buy to Hold. WisdomTree Investments shares fell 2.08 percent to $11.30 in pre-market trading.
• Daiwa Capital downgraded Vipshop Holdings Limited VIPS from Buy to Hold. Vipshop shares fell 0.21 percent to $12.05 in pre-market trading.
• Jefferies downgraded PPG Industries, Inc. PPG from Buy to Hold. PPG shares fell 0.51 percent to $102.50 in pre-market trading.
• JP Morgan downgraded Netshoes (Cayman) Limited NETS from Overweight to Underweight. Netshoes shares rose 1.73 percent to $2.94 in pre-market trading.
• Imperial Capital downgraded Eco-Stim Energy Solutions, Inc. ESES from Outperform to In-Line. Eco-Stim Energy shares fell 3.64 percent to close at $0.9286 on Tuesday.

Top Initiations

• Analysts at Goldman Sachs initiated coverage on Ollie's Bargain Outlet Holdings, Inc. OLLI with a Buy rating. The price target for Ollie's Bargain is set to $78. Ollie's Bargain shares closed at $68.35 on Tuesday.
• Analysts at Canaccord Genuity initiated coverage on BioMarin Pharmaceutical Inc. BMRN with a Buy rating. The price target for BioMarin Pharmaceutical is set to $101. BioMarin Pharmaceutical closed at $88.70 on Tuesday.
• Wells Fargo initiated coverage on Spotify Technology S.A. SPOT with a Market Perform rating. The price target for Spotify Technology is set to $150. Spotify Technology shares closed at $158.71 on Tuesday.
• Citigroup initiated coverage on Apergy Corporation APY with a Buy rating. The price target for Apergy is set to $46. Apergy shares closed at $40.00 on Tuesday.
• Analysts at Maxim Group initiated coverage on Capricor Therapeutics, Inc. CAPR with a Buy rating. The price target for Capricor Therapeutics is set to $7. Capricor Therapeutics shares closed at $1.30 on Tuesday.
• Raymond James initiated coverage on Gemphire Therapeutics Inc. GEMP with an Outperform rating. The price target for Gemphire Therapeutics is set to $22. Gemphire Therapeutics shares closed at $5.51 on Tuesday.
• H.C. Wainwright initiated coverage on Enphase Energy, Inc. ENPH with a Buy rating. The price target for Enphase Energy is set to $8. Enphase Energy shares closed at $5.30 on Tuesday.
• B. Riley FBR initiated coverage on Tocagen Inc. TOCA with a Buy rating. The price target for Tocagen is set to $15. Tocagen shares closed at $9.45 on Tuesday.
• RBC Capital initiated coverage on Micron Technology, Inc. MU with an Outperform rating. The price target for Micron is set to $80. Micron shares closed at $54.01 on Tuesday.
• Analysts at Canaccord Genuity initiated coverage on ChemoCentryx, Inc. CCXI with a Buy rating. The price target for ChemoCentryx is set to $17. ChemoCentryx shares closed at $11.43 on Tuesday.