Benzinga's Top Upgrades, Downgrades For June 20, 2018

Top Upgrades

• Deutsche Bank upgraded Citigroup Inc. C from Hold to Buy. Citigroup shares rose 1.44 percent to $67.75 in pre-market trading.
• Raymond James upgraded Copa Holdings, S.A. CPA from Outperform to Strong Buy. Copa shares fell 0.53 percent to close at $99.48 on Tuesday.
• Barclays upgraded PTC Therapeutics, Inc. PTCT from Underweight to Equal-Weight. PTC Therapeutics shares rose 4.23 percent to $34.65 in pre-market trading.
• Bank of America upgraded Duke Energy Corporation DUK from Neutral to Buy. Duke Energy shares rose 0.45 percent to $76.01 in pre-market trading.
• TD Securities upgraded Mercer International Inc. MERC from Hold to Buy. Mercer shares rose 0.93 percent to $16.25 in pre-market trading.
• Keefe Bruyette & Woods upgraded People's United Financial, Inc. PBCT from Market Perform to Outperform. People's United shares rose 1.19 percent to $18.75 in pre-market trading.
• Analysts at DA Davidson upgraded P. H. Glatfelter Company GLT from Neutral to Buy. P.H. Glatfelter shares fell 2.91 percent to close at $18.38 on Tuesday.
• Sandler O'Neill upgraded EMC Insurance Group Inc. EMCI from Hold to Buy. EMC Insurance shares rose 0.70 percent to close at $27.34 on Friday.
• RBC Capital upgraded Intelsat S.A. I from Sector Perform to Outperform. Intelsat shares rose 8.83 percent to $17.50 in pre-market trading.
• Goldman Sachs upgraded ANSYS, Inc. ANSS from Neutral to Buy. Ansys shares rose 1.38 percent to $179.20 in pre-market trading.

Top Downgrades

• Morgan Stanley downgraded Starbucks Corporation SBUX from Overweight to Equal-Weight. Starbucks shares fell 3.71 percent to $55.30 in pre-market trading.
• Wedbush downgraded Oracle Corporation ORCL from Outperform to Neutral. Oracle shares fell 3.89 percent to $44.49 in pre-market trading.
• Citigroup downgraded Williams-Sonoma, Inc. WSM from Buy to Neutral. Williams-Sonoma shares fell 1.36 percent to $62.43 in pre-market trading.
• Raymond James downgraded The Scotts Miracle-Gro Company SMG from Market Perform to Underperform. Scotts Miracle Gro shares fell 1.53 percent to $81.35 in pre-market trading.
• First Analysis downgraded Anika Therapeutics ANIK from Overweight to Equal-Weight. Anika Therapeutics shares fell 17.61 percent to $38.00 in pre-market trading.
• SunTrust Robinson Humphrey downgraded Appian Corporation APPN from Buy to Hold. Appian shares fell 2.26 percent to $40.25 in pre-market trading.
• Bank of America downgraded Xcel Energy Inc. XEL from Buy to Neutral. Xcel Energy shares fell 0.75 percent to $43.86 in pre-market trading.
• TD Securities downgraded New Gold Inc. NGD from Buy to Hold. New Gold shares fell 3.81 percent to $2.02 in pre-market trading.
• Barclays downgraded Ionis Pharmaceuticals, Inc. IONS from Equal-Weight to Underweight. Ionis Pharmaceuticals shares fell 1.91 percent to $42.60 in pre-market trading.
• Cowen & Co. downgraded Sally Beauty Holdings, Inc. SBH from Outperform to Market Perform. Sally Beauty shares fell 2.94 percent to $15.50 in pre-market trading.

Top Initiations

• Analysts at Berenberg initiated coverage on Planet Fitness, Inc. PLNT with a Buy rating. The price target for Planet Fitness is set to $53. Planet Fitness closed at $45.16 on Tuesday.
• Bank of America initiated coverage on Sangamo Therapeutics, Inc. SGMO with a Buy rating. The price target for Sangamo Therapeutics is set to $24. Sangamo Therapeutics shares closed at $16.45 on Tuesday.
• Wells Fargo initiated coverage on Perspecta Inc. PRSP with a Market Perform rating. The price target for Perspecta is set to $24. Perspecta shares closed at $22.64 on Tuesday.
• Analysts at Susquehanna initiated coverage on Tableau Software, Inc. DATA with a Neutral rating. The price target for Tableau Software is set to $101. Tableau Software shares closed at $104.34 on Tuesday.
• B. Riley FBR initiated coverage on Workhorse Group Inc. WKHS with a Buy rating. The price target for Workhorse Group is set to $4.50. Workhorse Group shares closed at $2.00 on Tuesday.
• William Blair initiated coverage on Castlight Health, Inc. CSLT with an Outperform rating. Castlight Health shares closed at $3.80 on Tuesday.
• Analysts at Berenberg initiated coverage on Vail Resorts, Inc. MTN with a Hold rating. The price target for Vail Resorts is set to $300. Vail Resorts closed at $280.83 on Tuesday.
• Gordon Haskett initiated coverage on Tractor Supply Company TSCO with an Accumulate rating. The price target for Tractor Supply is set to $86. Tractor Supply closed at $75.61 on Tuesday.
• SunTrust Robinson Humphrey initiated coverage on RBC Bearings Incorporated ROLL with a Hold rating. The price target for RBC Bearings is set to $133. RBC Bearings shares closed at $127.94 on Tuesday.
• Analysts at UBS initiated coverage on AptarGroup, Inc. ATR with a Neutral rating. The price target for AptarGroup is set to $105. AptarGroup shares closed at $94.25 on Tuesday.