Benzinga's Top Upgrades, Downgrades For September 13, 2018

Top Upgrades

• Pivotal Research upgraded Snap Inc SNAP from Sell to Hold. Snap shares rose 1.09 percent to $9.30 in pre-market trading.
• JP Morgan upgraded Davita Inc DVA from Underweight to Neutral. DaVita shares rose 5.08 percent to $70.99 in pre-market trading.
• Monness Crespi Hardt upgraded Mimecast Ltd MIME from Neutral to Buy. Mimecast shares closed at $40.66 on Wednesday.
• Piper Jaffray upgraded Bausch Health Companies Inc BHC from Underweight to Neutral. Bausch Health shares rose 0.89 percent to $23.75 in pre-market trading.
• Raymond James upgraded Methanex Corporation (USA) MEOH from Market Perform to Outperform. Methanex shares rose 1.57 percent to $74.55 in pre-market trading.
• Northland Securities upgraded Intel Corporation INTC from Underperform to Market Perform. Intel shares rose 1.2 percent to $45.47 in pre-market trading.
• Analysts at Northcoast Research upgraded Flowserve Corp FLS from Neutral to Buy. Flowserve shares closed at $53.26 on Wednesday.

Top Downgrades

• BTIG Research downgraded Texas Roadhouse Inc TXRH from Buy to Neutral. Texas Roadhouse shares fell 0.86 percent to close at $72.44 on Wednesday.
• Piper Jaffray downgraded SunTrust Banks, Inc. STI from Overweight to Neutral. SunTrust shares fell 0.46 percent to $71.05 in pre-market trading.
• Morgan Stanley downgraded Ciena Corporation CIEN from Overweight to Equal-Weight. Ciena shares fell 2.34 percent to $30.90 in pre-market trading.
• Bank of America downgraded Wayfair Inc W from Buy to Neutral. Wayfair shares fell 2.06 percent to $146.42 in pre-market trading.
• Morgan Stanley downgraded Finisar Corporation FNSR from Overweight to Equal-Weight. Finisar shares dropped 4.01 percent to $18.90 in pre-market trading.
• RBC Capital downgraded Venator Materials PLC VNTR from Outperform to Sector Perform. Venator Materials shares closed at $10.81 on Tuesday.
• JMP Securities downgraded Wageworks Inc WAGE from Market Outperform to Market Perform. WageWorks shares fell 10.90 percent to $43.75 in pre-market trading.
• Bank of America downgraded Hologic, Inc. HOLX from Buy to Neutral. Hologic shares fell 1.28 percent to $38.55 in pre-market trading.
• Vertical Research downgraded Domtar Corp (USA) UFS from Buy to Hold. Domtar shares fell 0.45 percent to $52.85 in pre-market trading.

Top Initiations

• Janney Capital initiated coverage on Aldeyra Therapeutics Inc ALDX with a Buy rating. Aldeyra Therapeutics shares closed at $8.00 on Wednesday.
• Goldman Sachs initiated coverage on Pinduoduo Inc PDD with a Buy rating. Pinduoduo shares closed at $23.04 on Wednesday.
• Cantor Fitzgerald initiated coverage on Addus Homecare Corporation ADUS with an Overweight rating. The price target for Addus Homecare is set to $77. Addus Homecare shares closed at $67.95 on Wednesday.
• B. Riley FBR initiated AudioEye, Inc. AEYE with a Buy rating. The price target for AudioEye is set to $12.50. AudioEye shares closed at $9.06 on Wednesday.
• Analysts at Barrington Research initiated coverage on U.S. Auto Parts Network, Inc. PRTS with an Outperform rating. The price target for U.S. Auto Parts is set to $5. U.S. Auto Parts shares closed at $1.50 on Wednesday.
• Analysts at Chardan Capital initiated coverage on HMS Holdings Corp. HMSY with a Neutral rating. The price target for HMS Holdings is set to $35. HMS Holdings shares closed at $33.42 on Wednesday.
• JP Morgan initiated coverage on Myovant Sciences MYOV with an Overweight rating. The price target for Myovant Sciences is set to $39. Myovant Sciences shares closed at $23.00 on Wednesday.
• Wedbush initiated coverage on Aquestive Therapeutics, Inc. AQST with an Outperform rating. The price target for Aquestive Therapeutics is set to $33. Aquestive Therapeutics shares closed at $18.47 on Wednesday.
• Analysts at Morgan Stanley initiated coverage on Weight Watchers International, Inc. WTW with an Equal-Weight rating. The price target for Weight Watchers is set to $76. Weight Watchers closed at $72.87 on Wednesday.
• Analysts at Bernstein initiated coverage on NIO LIMITED NIO with an Underperform rating. The price target for NIO is set to $4.20. NIO closed at $6.60 on Wednesday.