Benzinga's Top Upgrades, Downgrades For June 6, 2018

Top Upgrades

• RBC Capital upgraded International Paper Company IP from Sector Perform to Outperform. International Paper shares fell 0.14 percent to close at $57.19 on Tuesday.
• Barclays upgraded G-III Apparel Group, Ltd. GIII from Underweight to Equal-Weight. G-III Apparel shares rose 1.62 percent to $48.30 in pre-market trading.
• Analysts at SunTrust Robinson Humphrey upgraded The Manitowoc Company, Inc. MTW from Hold to Buy. Manitowoc shares fell 3.45 percent to close at $23.76 on Monday.
• Wells Fargo upgraded MEI Pharma, Inc. MEIP from Market Perform to Outperform. MEI Pharma shares rose 8.43 percent to $4.50 in pre-market trading.
• Barclays upgraded Valeant Pharmaceuticals International, Inc. VRX from Equal-Weight to Overweight. Valeant shares rose 1.95 percent to $24.05 in pre-market trading.
• Morgan Stanley upgraded Ameren Corporation AEE from Underweight to Equal-Weight. Ameren shares fell 0.98 percent to close at $57.41 on Friday.
• Piper Jaffray upgraded Floor & Decor Holdings, Inc. FND from Neutral to Overweight. Floor & Decor shares fell 0.87 percent to close at $48.80 on Friday.
• Goldman Sachs upgraded Cigna Corporation CI from Neutral to Buy. CSS Industries shares rose 2.99 percent to $176.00 in pre-market trading.

Top Downgrades

• KeyBanc downgraded Yelp Inc. YELP from Overweight to Sector Weight. Yelp shares fell 2.58 percent to $42.97 in pre-market trading.
• Atlantic Equities downgraded Macy's, Inc. M from Overweight to Neutral. Macy's shares fell 0.62 percent to $39.80 in pre-market trading.
• Oppenheimer downgraded Ambarella, Inc. AMBA from Outperform to Perform. Ambarella shares fell 11.56 percent to $43.68 in pre-market trading.
• Stifel Nicolaus downgraded DCP Midstream, LP DCP from Buy to Hold. DCP Midstream shares fell 0.84 percent to close at $41.10 on Tuesday.
• Barclays downgraded Perrigo Company plc PRGO from Overweight to Equal-Weight. Perrigo shares fell 0.46 percent to $73.68 in pre-market trading.
• Atlantic Equities downgraded Kohl's Corporation KSS from Neutral to Underweight. Kohl's shares rose 0.23 percent to $75.10 in pre-market trading.
• JMP Securities downgraded First Solar, Inc. FSLR from Market Outperform to Market Underperform. First Solar shares fell 2.16 percent to $56.98 in pre-market trading.

Top Initiations

• Ladenburg Thalmann initiated coverage on Marinus Pharmaceuticals, Inc. MRNS with a Buy rating. The price target for Marinus Pharmaceuticals is set to $20. Marinus Pharmaceuticals shares closed at $6.74 on Tuesday.
• B. Riley FBR initiated coverage on Alkermes plc ALKS with a Buy rating. The price target for Alkermes is set to $60. Alkermes shares closed at $46.39 on Tuesday.
• Analysts at Ladenburg Thalmann initiated coverage on Sage Therapeutics, Inc. SAGE with a Buy rating. The price target for Sage Therapeutics is set to $230. Sage Therapeutics shares closed at $154.09 on Tuesday.
• Keefe Bruyette & Woods initiated coverage on Origin Bancorp, Inc. OBNK with a Market Perform rating. The price target for Origin Bancorp is set to $42. Origin Bancorp shares closed at $38.62 on Tuesday.
• Analysts at Roth Capital initiated coverage on Enanta Pharmaceuticals, Inc. ENTA with a Buy rating. The price target for Enanta Pharmaceuticals is set to $133. Enanta Pharmaceuticals shares closed at $97.93 on Tuesday.
• William Blair initiated coverage on Floor & Decor Holdings, Inc. FND with an Outperform rating. Floor & Decor shares closed at $48.80 on Tuesday.
• Analysts at B. Riley FBR initiated coverage on Tonix Pharmaceuticals Holding Corp. TNXP with a Buy rating. The price target for Tonix Pharmaceuticals is set to $8. Tonix Pharmaceuticals closed at $3.48 on Tuesday.