Benzinga's Top Upgrades, Downgrades For May 20, 2019

Top Upgrades

• Analysts at Longbow Research upgraded Louisiana-Pacific Corporation LPX from Neutral to Buy. Louisiana-Pacific shares rose 1.1 percent to $24.27 in pre-market trading.
• Goldman Sachs upgraded General Dynamics Corporation GD from Neutral to Buy. General Dynamics shares rose 0.8 percent to $167.75 in pre-market trading.
• Morgan Stanley upgraded Target Corporation TGT from Underweight to Equal-Weight. Target shares fell 0.1 percent to $70.82 in pre-market trading.
• Stifel Nicolaus upgraded Jack in the Box Inc. JACK from Hold to Buy. Jack In The Box rose 4.2 percent to close at $82.17 on Friday.
• B. Riley FBR upgraded NeoPhotonics Corp NPTN from Neutral to Buy. NeoPhotonics shares fell 4.4 percent to $3.67 in pre-market trading.
• Analysts at Morgan Stanley upgraded United Continental Holdings Inc UAL from Equal-Weight to Overweight. United Continental shares rose 1.2 percent to $82.50 in pre-market trading.
• Wells Fargo upgraded EQT Corporation EQT from Market Perform to Outperform. EQT shares fell 1 percent to close at $20.81 on Friday.
• Analysts at SunTrust Robinson Humphrey upgraded Cimarex Energy Co XEC from Hold to Buy. MYR Group fell 1 percent to close at $68.55 on Friday.

Top Downgrades

• Morgan Stanley downgraded American Airlines Group Inc AAL from Equal-Weight to Underweight. American Airlines shares fell 3 percent to $30.80 in pre-market trading.
• UBS downgraded Deutsche Bank AG DB from Neutral to Sell. Deutsche Bank shares fell 2.1 percent to $7.42 in pre-market trading.
• Bank of America downgraded AGCO Corporation AGCO from Neutral to Underperform. AGCO shares fell 1.4 percent to $66.50 in pre-market trading.
• Morgan Stanley downgraded Michaels Companies Inc MIK from Overweight to Equal-Weight. Michaels shares fell 5.3 percent to $9.90 in pre-market trading.
• Barclays downgraded Superior Energy Services, Inc. SPN from Equal-Weight to Underweight. Superior Energy shares fell 1.2 percent to $2.45 in pre-market trading.
• Evercore ISI Group downgraded Prologis Inc PLD from Outperform to In-Line. Prologis fell 0.3 percent to $76.35 in pre-market trading.
• Morgan Stanley downgraded Delta Air Lines, Inc. DAL from Overweight to Equal-Weight. Delta shares fell 1.6 percent to $54.00 in pre-market trading.
• Argus Research downgraded Bristol-Myers Squibb Co BMY from Buy to Hold. Bristol-Myers Squibb shares fell 1.1 percent to $46.36 in pre-market trading.
• Baird downgraded Keysight Technologies Inc KEYS from Outperform to Neutral. Keysight shares fell 1.9 percent to $80.33 in pre-market trading.
• Keefe Bruyette & Woods downgraded ProAssurance Corporation PRA from Market Perform to Underperform. ProAssurance shares rose 0.5 percent to close at $39.17 on Friday.

Top Initiations

• HSBC initiated coverage on Canada Goose Holdings Inc GOOS with a Buy rating. Canada Goose shares closed at $48.32 on Friday.
• Consumer Edge initiated coverage on Beyond Meat Inc BYND with an Equal-Weight rating. Beyond Meat shares closed at $89.35 on Friday.
• Morgan Stanley initiated coverage on FMC Corp FMC with an Equal-Weight rating. The price target for FMC is set to $82. FMC closed at $75.23 on Friday.
• Wells Fargo initiated coverage on Extraction Oil & Gas Inc XOG with a Market Perform rating. The price target for Extraction Oil is set to $8. Extraction Oil shares closed at $3.97 on Friday.
• Analysts at B. Riley initiated coverage on Goodrich Petroleum Corp GDP with a Buy rating. The price target for Goodrich Petroleum is set to $15.50. Goodrich Petroleum closed at $12.40 on Friday.
• Analysts at Cowen & Co. initiated coverage on CarGurus Inc CARG with a Market Perform rating. CarGurus shares closed at $36.77 on Friday.
• Analysts at Jefferies initiated coverage on OneSpaWorld Holdings Ltd OSW with a Buy rating. OneSpaWorld shares closed at $13.52 on Friday.
• Wells Fargo initiated coverage on Centennial Resource Development Inc CDEV with a Market Perform rating. The price target for Centennial Resource Development is set to $12. Centennial Resource Development shares closed at $10.04 on Friday.
• Analysts at William Blair initiated coverage on Zoom Video Communications Inc ZM with an Outperform rating. Zoom Video shares closed at $89.98 on Friday.
• Cowen & Co. initiated coverage on Carvana Co CVNA with an Outperform rating. Carvana shares closed at $68.13 on Friday.