Benzinga's Top Upgrades, Downgrades For January 4, 2019

Top Upgrades

• Bank of America upgraded Intel Corporation INTC from Neutral to Buy. Intel shares rose 2.6 percent to $45.65 in pre-market trading.
• BMO Capital upgraded Nokia Oyj NOK from Market Perform to Outperform. Nokia shares rose 2.5 percent to $5.71 in pre-market trading.
• Goldman Sachs upgraded Celgene Corporation CELG from Sell to Neutral. Celgene shares rose 1.5 percent to $81.65 in pre-market trading.
• RBC Capital upgraded Honeywell International Inc. HON from Sector Perform to Outperform. Honeywell shares rose 1.1 percent to $131.48 in pre-market trading.
• JP Morgan upgraded Coty Inc COTY from Underweight to Neutral. Coty rose 3 percent to $6.99 in pre-market trading.
• Benchmark upgraded Aspen Technology, Inc. AZPN from Hold to Buy. Aspen Technology rose 2.2 percent to $80.67 in pre-market trading.
• RBC Capital upgraded IDEX Corporation IEX from Sector Perform to Outperform. IDEX shares fell 2.9 percent to close at $121.42 on Thursday.
• Analysts at BTIG Research upgraded Green Dot Corporation GDOT from Neutral to Buy. Green Dot shares rose 1.8 percent to $75.70 in pre-market trading.
• KeyBanc upgraded Shutterfly, Inc. SFLY from Sector Weight to Overweight. Shutterfly shares gained 2.5 percent to $42.25 in pre-market trading.
• UBS upgraded Dana Inc DAN from Neutral to Buy. Dana shares fell 1.81 percent to close at $13.60 on Thursday.

Top Downgrades

• Goldman Sachs downgraded Fortinet Inc FTNT from Buy to Sell. Fortinet shares dropped 4.4 percent to $64.60 in pre-market trading.
• RBC Capital downgraded Analog Devices, Inc. ADI from Outperform to Sector Perform. Analog Devices shares rose 0.3 percent to $81.00 in pre-market trading.
• Bank of America downgraded Texas Instruments Incorporated TXN from Buy to Neutral. Texas Instruments shares rose 0.7 percent to $89.50 in pre-market trading.
• Goldman Sachs downgraded eBay Inc EBAY from Buy to Neutral. eBay shares gained 0.5 percent to $28.45 in pre-market trading.
• Benchmark downgraded Flexion Therapeutics Inc FLXN from Buy to Hold. Flexion Therapeutics shares dropped 6.8 percent to $11.49 in pre-market trading.
• RBC Capital downgraded United Technologies Corporation UTX from Outperform to Sector Perform. United Technologies shares rose 0.3 percent to $103.75 in pre-market trading.
• Barclays downgraded Avanos Medical Inc AVNS from Equal-Weight to Underweight. Avanos Medical shares dropped 2.17 percent to close at $41.49 on Thursday.
• Goldman Sachs downgraded Snap Inc SNAP from Buy to Neutral. Snap shares fell 0.7 percent to $5.64 in pre-market trading.
• Cowen & Co. downgraded Hologic, Inc. HOLX from Outperform to Market Perform. Hologic shares fell 0.36 percent to close at $38.28 on Thursday.
• Nomura downgraded Skyworks Solutions Inc SWKS from Buy to Neutral. Skyworks shares rose 0.9 percent to $61.25 in pre-market trading.

Top Initiations

• Analysts at Morgan Stanley initiated coverage on argenx SE - ADR ARGX with an Overweight rating. The price target for argenx is set to $140. argenx closed at $100.97 on Thursday.
• Canaccord Genuity initiated coverage on Chembio Diagnostics Inc CEMI with a Buy rating. The price target for Chembio Diagnostics is set to $9. Chembio Diagnostics shares closed at $5.48 on Thursday.
• Baird initiated coverage on AVEO Pharmaceuticals, Inc. AVEO with an Outperform rating. The price target for AVEO Pharmaceuticals is set to $3. AVEO Pharmaceuticals shares closed at $1.81 on Thursday.
• Oppenheimer initiated coverage on Catalyst Biosciences Inc CBIO with an Outperform rating. The price target for Catalyst Biosciences is set to $24. Catalyst Biosciences shares closed at $8.16 on Thursday.
• Stephens & Co. initiated coverage on Five9 Inc FIVN with an Equal-Weight rating. The price target for Five9 is set to $48. Five9 closed at $40.98 on Thursday.
• B. Riley FBR initiated coverage on Infinity Pharmaceuticals Inc. INFI with a Buy rating. The price target for Infinity Pharmaceuticals is set to $3. Infinity Pharmaceuticals shares closed at $1.18 on Thursday.
• JP Morgan initiated coverage on MaxLinear, Inc. MXL with a Neutral rating. The price target for MaxLinear is set to $18. MaxLinear shares closed at $16.69 on Thursday.
• Analysts at Stephens & Co. initiated coverage on Twilio Inc TWLO with an Equal-Weight rating. The price target for Twilio is set to $110. Twilio shares closed at $81.25 on Thursday.