Benzinga's Top Upgrades, Downgrades For July 11, 2019

Top Upgrades

• Analysts at Wedbush upgraded Abercrombie & Fitch Co. ANF from Underperform to Neutral. Abercrombie & Fitch rose 1.5% to $17.34 in pre-market trading.
• JP Morgan upgraded Weight Watchers International, Inc. WW from Underweight to Neutral. Weight Watchers Hotels rose 4.8% to $22.88 in pre-market trading.
• Guggenheim upgraded New Jersey Resources Corp NJR from Sell to Neutral. New Jersey Resources rose 0.8% to $49.98 in pre-market trading.
• Wells Fargo upgraded Willis Towers Watson PLC WLTW from Market Perform to Outperform. Willis Towers Watson shares rose 0.2% to close at $195.61 on Wednesday.
• Goldman Sachs upgraded VEON Ltd VEON from Neutral to Buy. VEON shares rose 1.3% to $3.23 in pre-market trading.
• Analysts at Cantor Fitzgerald upgraded Dynavax Technologies Corporation DVAX from Neutral to Overweight. Dynavax shares rose 8.1% to $4.12 in pre-market trading.
• Deutsche Bank upgraded Freeport-McMoRan Inc FCX from Hold to Buy. Freeport-McMoRan shares rose 1.6% to $11.13 in pre-market trading.
• Morgan Stanley upgraded Spirit Realty Capital Inc SRC from Equal-Weight to Overweight. Spirit Realty Capital shares fell 0.4% to $44.54 in pre-market trading.
• B. Riley upgraded New York Community Bancorp, Inc. NYCB from Neutral to Buy. New York Community Banc shares fell 0.1% to $10.20 in pre-market trading.

Top Downgrades

• Bank of America downgraded Regions Financial Corp RF from Buy to Neutral. Regions Financial fell 0.6% to $14.97 in pre-market trading.
• Credit Suisse downgraded Allstate Corp ALL from Neutral to Underperform. Allstate shares fell 1.3% to $102.95 in pre-market trading.
• Jefferies downgraded Take-Two Interactive Software, Inc TTWO from Buy to Hold. Take-Two shares fell 1.1% to $115.85 in pre-market trading.
• RBC Capital downgraded Endo International PLC ENDP from Outperform to Sector Perform. Endo International shares fell 1.7% to $4.14 in pre-market trading.
• UBS downgraded Air Products & Chemicals, Inc. APD from Buy to Neutral. Air Products shares fell 0.1% to $225.95 in pre-market trading.
• Morgan Stanley downgraded TD Ameritrade Holding Corp. AMTD from Overweight to Equal-Weight. TD Ameritrade shares fell 1% to $49.50 in pre-market trading.
• Citigroup downgraded International Paper Co IP from Buy to Neutral. International Paper shares fell 1.4% to $42.55 in pre-market trading.
• Deutsche Bank downgraded Alcoa Corp AA from Buy to Hold. Alcoa shares fell 1.8% to $22.20 in pre-market trading.
• Credit Suisse downgraded ManpowerGroup Inc. MAN from Neutral to Underperform. ManpowerGroup shares fell 2.2% to $91.00 in pre-market trading.
• Wells Fargo downgraded Parker-Hannifin Corp PH from Outperform to Market Perform. Parker Hannifin shares fell 0.4% to $2.83 in pre-market trading.

Top Initiations

• Cowen & Co. initiated coverage on Microsoft Corporation MSFT with an Outperform rating. Microsoft shares closed at $137.85 on Wednesday.
• Goldman Sachs initiated coverage on Dicks Sporting Goods Inc DKS with a Neutral rating. The price target for Dicks Sporting is set to $38. Dicks Sporting shares closed at $35.90 on Wednesday.
• Analysts at DA Davidson initiated coverage on SmartFinancial Inc SMBK with a Neutral rating. SmartFinancial shares closed at $22.40 on Wednesday.
• Analysts at Goldman Sachs initiated coverage on Williams-Sonoma, Inc. WSM with a Buy rating. The price target for Williams-Sonoma is set to $72. Williams-Sonoma shares closed at $63.15 on Wednesday.
• Goldman Sachs initiated coverage on Walmart Inc WMT with a Buy rating. The price target for Walmart is set to $123. Walmart shares closed at $112.98 on Wednesday.
• Analysts at Barclays initiated coverage on Dine Brands Global Inc DIN with an Overweight rating. The price target for Dine Brands is set to $115. Dine Brands shares closed at $96.27 on Wednesday.
• Analysts at Compass Point initiated coverage on Jones Lang LaSalle Inc JLL with a Buy rating. The price target for Jones Lang LaSalle is set to $180. Jones Lang LaSalle shares closed at $137.12 on Wednesday.
• Macquarie initiated coverage on Southern Copper Corp SCCO with an Underperform rating. Southern Copper shares closed at $37.25 on Wednesday.
• Goldman Sachs initiated coverage on Costco Wholesale Corporation COST with a Buy rating. The price target for Costco Wholesale is set to $290. Costco Wholesale closed at $271.42 on Wednesday.
• Macquarie initiated coverage on Teck Resources Ltd TECK with a Neutral rating. Teck Resources shares closed at $21.50 on Wednesday.