Benzinga's Top Upgrades, Downgrades For July 1, 2019

Top Upgrades

• Morgan Stanley upgraded Signature Bank SBNY from Equal-Weight to Overweight. Signature Bank shares rose 1.6% to close at $120.84 on Friday.
• Barclays upgraded Callon Petroleum Company CPE from Equal-Weight to Overweight. Callon Petroleum rose 3.5% to close at $6.59 on Friday.
• Analysts at DA Davidson upgraded Tutor Perini Corp TPC from Neutral to Buy. Tutor Perini rose 2.9% to $14.27 in pre-market trading.
• BTIG upgraded KB Home KBH from Sell to Neutral. KB Home shares rose 1.3% to close at $25.73 on Friday.
• Raymond James upgraded Tecnoglass Inc TGLS from Outperform to Strong Buy. Tecnoglass rose 3.2% to $6.70 in pre-market trading.
• Analysts at Mizuho upgraded Western Digital Corp WDC from Neutral to Buy. Western Digital shares rose 5.5% to $50.18 in pre-market trading.
• Credit Suisse upgraded United Therapeutics Corporation UTHR from Neutral to Outperform. United Therapeutics shares rose 2.5% to $80.00 in pre-market trading.
• KeyBanc upgraded Six Flags Entertainment Corp SIX from Sector Weight to Overweight. Six Flags shares rose 2% to $50.69 in pre-market trading.
• Baird upgraded Generac Holdings Inc. GNRC from Neutral to Outperform. Generac Hldgs fell 0.5% to close at $69.41 on Friday.
• Analysts at Goldman Sachs upgraded Anaplan Inc PLAN from Neutral to Buy. Anaplan shares rose 5.4% to $53.20 in pre-market trading.

Top Downgrades

• JP Morgan downgraded KAR Auction Services Inc KAR from Overweight to Neutral. KAR Auction shares fell 59.7% to close at $25.00 on Friday.
• Wells Fargo downgraded SVB Financial Group SIVB from Outperform to Market Perform. SVB Financial shares rose 1.5% to close at $224.59 on Friday.
• Guggenheim downgraded Fox Corp FOXA from Buy to Neutral. Fox shares fell 0.2% to $36.57 in pre-market trading.
• Longbow Research downgraded Yum! Brands, Inc. YUM from Neutral to Underperform. Yum Brands fell 0.3% to $110.39 in pre-market trading.
• Goldman Sachs downgraded SolarWinds Corp SWI from Neutral to Sell. SolarWinds shares rose 0.4% to close at $18.34 on Friday.
• Bank of America downgraded Zoetis Inc ZTS from Buy to Neutral. Zoetis shares rose 0.7% to close at $113.49 on Friday.
• Berenberg downgraded Carnival Corp CCL from Buy to Hold. Carnival shares fell 0.2% to $46.44 in pre-market trading.
• RBC Capital downgraded Brunswick Corporation BC from Outperform to Sector Perform. Brunswick shares rose 3.4% to close at $45.89 on Friday.
• Barclays downgraded SM Energy Co SM from Equal-Weight to Underweight. SM Energy shares rose 1.8% to $12.75 in pre-market trading.
• SunTrust Robinson Humphrey downgraded GreenSky LLC GSKY from Buy to Hold. GreenSky shares rose 0.8% to $12.39 in pre-market trading.

Top Initiations

• Barclays initiated coverage on Corteva Inc CTVA with aN Equal-Weight rating. The price target for Corteva is set to $32. Corteva closed at $29.57 on Friday.
• Analysts at SunTrust Robinson Humphrey initiated coverage on IAA, Inc. IAA with a Buy rating. The price target for IAA is set to $47. IAA closed at $38.78 on Friday.
• Analysts at Needham initiated coverage on Stitch Fix Inc SFIX with a Hold rating. Stitch Fix shares closed at $31.99 on Friday.
• Barclays initiated coverage on GSX Techedu Inc GSX with aN Overweight rating. The price target for GSX Techedu is set to $13. GSX Techedu shares closed at $10.79 on Friday.
• Citigroup initiated coverage on AmeriCold Realty Trust COLD with a Buy rating. The price target for AmeriCold Realty Trust is set to $38. AmeriCold Realty Trust shares closed at $32.42 on Friday.