Benzinga's Top Upgrades, Downgrades For November 5, 2018

Top Upgrades

• Mizuho upgraded Starbucks Corporation SBUX from Neutral to Buy. Starbucks shares rose 0.3 percent to $64.54 in pre-market trading.
• UBS upgraded Signature Bank SBNY from Neutral to Buy. Signature Bank shares rose 1.7 percent to $112.79 in pre-market trading.
• Credit Suisse upgraded Chevron Corporation CVX from Neutral to Outperform. Chevron shares rose 1.1 percent to $115.93 in pre-market trading.
• Analysts at Macquarie upgraded Parsley Energy Inc PE from Neutral to Outperform. Parsley Energy shares rose 1.85 percent to close at $24.73 on Friday.
• Keefe Bruyette & Woods upgraded Lincoln National Corporation LNC from Market Perform to Outperform. Lincoln National shares rose 3.69 percent to close at $63.30 on Friday.
• Janney Capital upgraded Middlesex Water Company MSEX from Neutral to Buy. Middlesex Water shares rose 0.37 percent to close at $43.78 on Friday.
• Bank of America upgraded American Axle & Manufact. Holdings, Inc. AXL from Underperform to Neutral. American Axle shares rose 4.4 percent to $12.00 in pre-market trading.
• Piper Jaffray upgraded Under Armour Inc UAA from Neutral to Overweight. Under Armour shares rose 2.8 percent to $24.36 in pre-market trading.
• Morgan Stanley upgraded Teva Pharmaceutical Industries Ltd ADR TEVA from Equal-Weight to Overweight. Teva shares rose 1.4 percent to $22.90 in pre-market trading.
• Buckingham upgraded Netflix, Inc. NFLX from Underperform to Buy. Netflix shares rose 0.5 percent to $310.62 in pre-market trading.

Top Downgrades

• UBS downgraded Viacom, Inc. VIAB from Buy to Neutral. Viacom shares fell 1.6 percent to $31.18 in pre-market trading.
• KeyBanc downgraded Red Hat Inc RHT from Overweight to Sector Weight. Red Hat shares fell 0.08 percent to close at $172.24 on Friday.
• RBC Capital downgraded Ollie's Bargain Outlet Holdings Inc OLLI from Outperform to Sector Perform. Ollie's Bargain shares rose 0.59 percent to close at $92.73 on Friday.
• Guggenheim downgraded Global Payments Inc GPN from Buy to Neutral. Global Payments shares fell 0.21 percent to close at $114.57 on Friday.
• H.C. Wainwright downgraded Trevena Inc TRVN from Buy to Neutral. Trevena shares fell 1.4 percent to $0.70 in pre-market trading.
• Keefe Bruyette & Woods downgraded United Insurance Holdings Corp UIHC from Outperform to Market Perform. United Insurance shares fell 5.84 percent to close at $18.88 on Friday.
• Morgan Stanley downgraded Encana Corp ECA from Overweight to Equal-Weight. Encana shares fell 0.6 percent to $8.50 in pre-market trading.
• Evercore ISI Group downgraded Builders FirstSource, Inc. BLDR from In-Line to Underperform. Builders FirstSource shares rose 11.47 percent to close at $14.58 on Friday.
• Mizuho downgraded Adamas Pharmaceuticals Inc ADMS from Buy to Neutral. Adamas Pharmaceuticals shares fell 0.9 percent to $11.78 in pre-market trading.
• Morgan Stanley downgraded China Biologic Products Holdings Inc CBPO from Overweight to Equal-Weight. China Biologic shares fell 0.92 percent to close at $69.14 on Friday.

Top Initiations

• Analysts at JP Morgan initiated coverage on Allogene Therapeutics Inc ALLO with a Neutral rating. The price target for Allogene Therapeutics is set to $29. Allogene Therapeutics closed at $27.69 on Friday.
• Piper Jaffray initiated coverage on Alkermes Plc ALKS with a Neutral rating. The price target for Alkermes is set to $40. Alkermes shares closed at $37.74 on Friday.
• Goldman Sachs initiated coverage on Allogene Therapeutics Inc ALLO with a Buy rating. The price target for Allogene Therapeutics is set to $41. Allogene Therapeutics closed at $27.69 on Friday.
• Analysts at Canaccord Genuity assumed coverage on iRobot Corporation IRBT with a Buy rating. The price target for iRobot is set to $115. iRobot shares closed at $95.98 on Friday.