Benzinga's Top Upgrades, Downgrades For June 12, 2019

Top Upgrades

• UBS upgraded PNM Resources Inc PNM from Sell to Neutral. PNM shares fell 1% to close at $49.15 on Tuesday.
• Analysts at Goldman Sachs upgraded AllianceBernstein Holding LP AB from Neutral to Buy. AllianceBernstein fell 0.8% to close at $28.07 on Tuesday.
• Analysts at Telsey Advisory Group upgraded Brinker International, Inc. EAT from Market Perform to Outperform. Brinker shares rose 1.3% to $40.47 in pre-market trading.
• Rosenblatt upgraded Commscope Holding Company Inc COMM from Neutral to Buy. CommScope shares rose 2.8% to $16.98 in pre-market trading.
• Raymond James upgraded CymaBay Therapeutics Inc CBAY from Outperform to Strong Buy. CymaBay Therapeutics shares rose 10.7% to $6.70 in pre-market trading.
• Morgan Stanley upgraded NXP Semiconductors NV NXPI from Equal-Weight to Overweight. NXP Semiconductors shares rose 2.6% to $97.89 in pre-market trading.
• Rosenblatt upgraded Juniper Networks, Inc. JNPR from Sell to Neutral. Juniper rose 0.8% to $27.15 in pre-market trading.

Top Downgrades

• Buckingham Research downgraded MarketAxess Holdings Inc. MKTX from Neutral to Underperform. MarketAxess shares fell 3% to $323.92 in pre-market trading.
• First Analysis downgraded Tableau Software Inc DATA from Outperform to Neutral. Tableau Software shares fell 0.1% to $164.06 in pre-market trading.
• Gordon Haskett downgraded Dave & Buster's Entertainment Inc PLAY from Buy to Hold. Dave & Buster's shares fell 19.1% to $41.70 in pre-market trading.
• Bank of America downgraded Choice Hotels International Inc CHH from Buy to Neutral. Choice Hotels shares rose 0.1% to $86.07 in pre-market trading.
• Credit Suisse downgraded ManpowerGroup Inc. MAN from Outperform to Neutral. ManpowerGroup fell 1.3% to $91.36 in pre-market trading.
• Evercore ISI Group downgraded Lam Research Corporation LRCX from Outperform to In-Line. Lam Research shares fell 3.1% to $184.00 in pre-market trading.
• William Blair downgraded Cisco Systems, Inc. CSCO from Outperform to Market Perform. Cisco shares fell 1.8% to $56.10 in pre-market trading.
• Bernstein downgraded Beyond Meat Inc BYND from Outperform to Market Perform. Beyond Meat shares rose 3.3% to $130.20 in pre-market trading.
• Nomura downgraded Trade Desk Inc TTD from Neutral to Reduce. Trade Desk shares fell 6.1% to $234.18 in pre-market trading.
• Keefe Bruyette & Woods downgraded Marsh & McLennan Companies, Inc. MMC from Outperform to Market Perform. Marsh & McLennan shares fell 0.7% to close at $98.48 on Tuesday.

Top Initiations

• Analysts at H.C. Wainwright initiated coverage on Aerpio Pharmaceuticals Inc ARPO with a Neutral rating. The price target for Aerpio Pharmaceuticals is set to $1. Aerpio Pharmaceuticals shares closed at $0.99 on Tuesday.
• Analysts at Raymond James initiated coverage on Fastly Inc FSLY with a Market Perform rating. Fastly shares closed at $22.87 on Tuesday.
• Analysts at Evercore ISI Group initiated coverage on Dunkin Brands Group Inc DNKN with an In-Line rating. Dunkin Brands closed at $80.45 on Tuesday.
• BTIG Research initiated coverage on Misonix, Inc. MSON with a Buy rating. Misonix closed at $23.96 on Tuesday.
• Raymond James initiated coverage on Avantor Inc AVTR with an Outperform rating. The price target for Avantor is set to $20. Avantor shares closed at $17.60 on Tuesday.
• Evercore ISI Group initiated coverage on Mcdonald's Corp MCD with an Outperform rating. The price target for Mcdonald's is set to $225. Mcdonald's shares closed at $203.26 on Tuesday.
• KeyBanc initiated coverage on Farfetch Ltd FTCH with an Overweight rating. The price target for Farfetch is set to $27. Farfetch closed at $21.00 on Tuesday.
• Evercore ISI Group initiated coverage on Yum! Brands, Inc. YUM with an Outperform rating. The price target for Yum! Brands is set to $120. Yum! Brands shares closed at $107.57 on Tuesday.
• Analysts at Roth Capital initiated coverage on Charles & Colvard, Ltd. CTHR with a Buy rating. The price target for Charles & Colvard is set to $2.50. Charles & Colvard shares closed at $1.63 on Tuesday.
• Evercore ISI Group initiated coverage on Starbucks Corporation SBUX with an In-Line rating. The price target for Starbucks is set to $82. Starbucks shares closed at $82.37 on Tuesday.