Benzinga's Top Upgrades, Downgrades For June 5, 2019

Top Upgrades

• Stephens & Co. upgraded Sonic Automotive Inc SAH from Equal-Weight to Overweight. Sonic Automotive shares rose 13.8 percent to close at $20.74 on Tuesday.
• Analysts at Guggenheim upgraded Roku Inc ROKU from Neutral to Buy. Roku rose 3.3 percent to $96.63 in pre-market trading.
• Analysts at Telsey Advisory Group upgraded Churchill Downs, Inc. CHDN from Market Perform to Outperform. Churchill Downs shares rose 3.7 percent to close at $102.78 on Tuesday.
• Bank of America upgraded Cronos Group Inc CRON from Underperform to Buy. Cronos shares rose 7.2 percent to $15.46 in pre-market trading.
• Wells Fargo upgraded Medtronic PLC MDT from Market Perform to Outperform. Medtronic shares rose 0.9 percent to $95.25 in pre-market trading.
• Goldman Sachs upgraded WEX Inc WEX from Neutral to Buy. WEX shares rose 2.7 percent to close at $191.04 on Tuesday.
• Wells Fargo upgraded Sientra Inc SIEN from Market Perform to Outperform. Sientra rose 4.7 percent to $6.42 in pre-market trading.
• Stifel Nicolaus upgraded NXP Semiconductors NV NXPI from Sell to Hold. NXP Semiconductors rose 0.9 percent to $95.50 in pre-market trading.
• Analysts at Morgan Stanley upgraded Commscope Holding Company Inc COMM from Equal-Weight to Overweight. CommScope shares rose 5.4 percent to $17.20 in pre-market trading.
• Goldman Sachs upgraded FleetCor Technologies, Inc. FLT from Neutral to Buy. Fleetcor shares rose 1.4 percent to close at $253.65 on Tuesday.

Top Downgrades

• Telsey Advisory Group downgraded Cracker Barrel Old Country Store, Inc. CBRL from Outperform to Market Perform. Cracker Barrel shares fell 0.7 percent to $165.73 in pre-market trading.
• Deutsche Bank downgraded American International Group Inc AIG from Buy to Hold. AIG shares fell 0.9 percent to $53.35 in pre-market trading.
• Morgan Stanley downgraded Atento SA ATTO from Overweight to Equal-Weight. Atento shares fell 1.5 percent to $2.65 in pre-market trading.
• Noble Capital Markets downgraded Kratos Defense & Security Solutions, Inc KTOS from Outperform to Market Perform. Kratos Defense shares fell 1.9 percent to $22.35 in pre-market trading.
• Citigroup downgraded Arvinas Inc ARVN from Buy to Neutral. Arvinas shares rose 9.7 percent to close at $21.99 on Tuesday.
• DA Davidson downgraded Preferred Bank PFBC from Buy to Neutral. Preferred Bank rose 4.1 percent to close at $46.93 on Tuesday.

Top Initiations

• Analysts at Goldman Sachs initiated coverage on HeadHunter Group PLC HHR with a Buy rating. HeadHunter shares closed at $17.56 on Tuesday.
• Analysts at KeyBanc initiated coverage on Public Service Enterprise Group Inc. PEG with a Sector Weight rating. Public Service Enterprise closed at $59.40 on Tuesday.
• Analysts at Raymond James initiated coverage on Uber Technologies Inc UBER with an Outperform rating. The price target for Uber is set to $50. Uber shares closed at $42.75 on Tuesday.
• Guggenheim initiated coverage on resTORbio, Inc. TORC with a Buy rating. The price target for resTORbio is set to $28. resTORbio shares closed at $7.07 on Tuesday.
• Redburn Partners initiated coverage on Ferrari NV RACE with a Neutral rating. Ferrari shares closed at $143.04 on Tuesday.
• Stifel Nicolaus initiated coverage on Eldorado Resorts Inc ERI with a Buy rating. The price target for Eldorado Resorts is set to $62. Eldorado Resorts closed at $48.15 on Tuesday
• Roth Capital initiated coverage on Allogene Therapeutics Inc ALLO with a Neutral rating. The price target for Allogene Therapeutics is set to $26. Allogene Therapeutics closed at $27.08 on Tuesday.
• Oppenheimer initiated coverage on Tilray Inc TLRY with a Perform rating. Tilray shares closed at $36.50 on Tuesday.
• Analysts at Morgan Stanley initiated coverage on CenterPoint Energy, Inc. CNP with an Equal-Weight rating. CenterPoint Energy shares closed at $28.82 on Tuesday.
• Raymond James initiated coverage on FS KKR Capital Corp FSK with a Market Perform rating. FS KKR Capital shares closed at $6.01 on Tuesday.