Benzinga's Top Upgrades, Downgrades For December 21, 2018

Top Upgrades

• JP Morgan upgraded Nike Inc NKE from Neutral to Overweight. Nike rose 8.1 percent to $73.00 in pre-market trading.
• William Blair upgraded EnerSys ENS from Market Perform to Outperform. EnerSys shares fell 0.84 percent to close at $71.77 on Thursday.
• DA Davidson upgraded Shopify Inc SHOP from Neutral to Buy. Shopify shares rose 1.8 percent to $130.00 in pre-market trading.
• Deutsche Bank upgraded Cyberark Software Ltd CYBR from Hold to Buy. CyberArk shares fell 1.1 percent to $68.60 in pre-market trading.
• Imperial Capital upgraded SkyWest, Inc. SKYW from In-Line to Outperform. SkyWest shares rose 0.55 percent to close at $43.63 on Thursday.
• Pivotal Research upgraded Nike Inc NKE from Hold to Buy. Nike rose 8.1 percent to $73.00 in pre-market trading.
• Wedbush upgraded Signature Bank SBNY from Neutral to Outperform. Signature Bank shares fell 0.24 percent to close at $102.56 on Thursday.

Top Downgrades

• Wells Fargo downgraded Greif, Inc. GEF from Outperform to Market Perform. Greif shares fell 0.7 percent to $34.25 in pre-market trading.
• Citigroup downgraded Altria Group Inc MO from Neutral to Sell. Altria shares fell 3.3 percent to $48.78 in pre-market trading.
• BTIG Research downgraded TrueCar Inc TRUE from Buy to Neutral. TrueCar shares fell 1.74 percent to close at $9.05 on Thursday.
• Stifel Nicolaus downgraded Green Plains Partners LP GPP from Buy to Hold. Green Plains Partners shares dropped 3.63 percent to close at $13.79 on Thursday.
• BMO Capital downgraded Greif, Inc. GEF from Outperform to Underperform. Greif shares fell 0.7 percent to $34.25 in pre-market trading.
• Goldman Sachs downgraded Uxin Ltd UXIN from Buy to Neutral. Uxin shares dropped 5.9 percent to $7.35 in pre-market trading.
• Stifel Nicolaus downgraded Western Gas Partners, LP WES from Buy to Hold. Western Gas Partners shares dropped 5.19 percent to close at $43.30 on Thursday.

Top Initiations

• Morgan Stanley initiated coverage on Century Aluminum Co CENX with an Equal-Weight rating. The price target for Century Aluminum is set to $10. Century Aluminum shares closed at $7.56 on Thursday.
• Loop Capital initiated coverage on World Wrestling Entertainment, Inc. WWE with a Hold rating. The price target for WWE is set to $85. WWE shares closed at $73.56 on Thursday.
• Summit Insights Group initiated coverage on LivePerson, Inc. LPSN with a Buy rating. The price target for LivePerson is set to $23. LivePerson shares closed at $18.56 on Thursday.
• Needham initiated coverage on Ichor Holdings Ltd ICHR with a Buy rating. The price target for Ichor is set to $22. Ichor shares closed at $15.83 on Thursday.
• Needham initiated coverage on Applied Materials, Inc. AMAT with a Buy rating. The price target for Applied Materials is set to $45. Applied Materials shares closed at $30.90 on Thursday.
• Boenning & Scattergood initiated coverage on OceanFirst Financial Corp. OCFC with an Outperform rating. The price target for OceanFirst Financial is set to $28. OceanFirst Financial shares closed at $22.26 on Thursday.
• Analysts at Bank of America initiated coverage on Snap-on Incorporated SNA with a Buy rating. The price target for Snap-on is set to $165. Snap-on shares closed at $139.95 on Thursday.
• Needham initiated coverage on Lam Research Corporation LRCX with a Buy rating. The price target for Lam Research is set to $180. Lam Research shares closed at $128.31 on Thursday.