Benzinga's Top Upgrades, Downgrades For July 16, 2019

Top Upgrades

• JP Morgan upgraded OneMain Holdings Inc OMF from Neutral to Overweight. OneMain rose 0.3% to $34.03 in pre-market trading.
• Bank of America upgraded Laboratory Corp. of America Holdings LH from Underperform to Neutral. Laboratory Corp fell 0.5% to close at $174.60 on Monday.
• Barclays upgraded Wheaton Precious Metals Corp WPM from Equal-Weight to Overweight. Wheaton Precious Metals shares rose 1.2% to $24.45 in pre-market trading.
• Goldman Sachs upgraded Timken Co TKR from Neutral to Buy. Timken shares fell 1.4% to close at $47.70 on Monday.
• Analysts at Barclays upgraded Freeport-McMoRan Inc FCX from Underweight to Equal-Weight. Freeport-McMoRan shares rose 1% to $11.25 in pre-market trading.

Top Downgrades

• Rosenblatt downgraded Acacia Communications, Inc. ACIA from Buy to Neutral. Acacia Communications fell 0.3% to $64.38 in pre-market trading.
• B. Riley downgraded Adamis Pharmaceuticals Corp ADMP from Neutral to Sell. Adamis Pharmaceuticals shares fell 11.6% to $1.29 in pre-market trading.
• Wedbush downgraded Wingstop Inc WING from Outperform to Neutral. Wingstop shares rose 0.1% to close at $97.29 on Monday.
• Bernstein downgraded Allergan plc AGN from Outperform to Market Perform. Allergan shares rose 0.1% to close at $166.08 on Monday.
• Evercore ISI Group downgraded AFLAC Incorporated AFL from In-Line to Underperform. Aflac shares fell 0.6% to close at $56.57 on Monday.
• Bank of America downgraded Agilent Technologies Inc A from Buy to Neutral. Agilent shares fell 1.6% to $69.44 in pre-market trading.
• Goldman Sachs downgraded Parker-Hannifin Corp PH from Neutral to Sell. Parker Hannifin shares fell 1.2% to close at $84.69 on Monday.
• Needham downgraded Thermo Fisher Scientific Inc. TMO from Strong Buy to Buy. Thermo Fisher Scientific shares fell 0.7% to close at $288.83 on Monday.
• Morgan Stanley downgraded FactSet Research Systems Inc. FDS from Equal-Weight to Underweight. FactSet Research shares fell 0.7% to close at $294.32 on Monday.
• SunTrust Robinson Humphrey downgraded Hilton Hotels Corporation HLT from Buy to Hold. Hilton shares fell 0.3% to close at $99.20 on Monday.

Top Initiations

• Morgan Stanley initiated coverage on Slack Technologies Inc WORK with an Equal-Weight rating. The price target for Slack is set to $38. Slack shares closed at $34.75 on Monday.
• H.C. Wainwright initiated coverage on Bio-Path Holdings Inc BPTH with a Buy rating. The price target for Bio-Path is set to $28. Bio-Path shares closed at $12.90 on Monday.
• Analysts at Oppenheimer initiated coverage on Viking Therapeutics Inc VKTX with an Outperform rating. The price target for Viking Therapeutics is set to $12. Viking Therapeutics shares closed at $8.24 on Monday.
• Analysts at Goldman Sachs initiated coverage on Fiat Chrysler Automobiles NV FCAU with a Sell rating. Fiat Chrysler shares closed at $14.18 on Monday.
• Macquarie initiated coverage on Tenable Holdings Inc TENB with a Neutral rating. Tenable shares closed at $30.50 on Monday.
• Analysts at Piper Jaffray initiated coverage on Eagle Bancorp, Inc. EGBN with an Overweight rating. The price target for Eagle Bancorp is set to $63. Eagle Bancorp shares closed at $53.89 on Monday.
• Analysts at Oppenheimer initiated coverage on Millendo Therapeutics Inc MLND with an Outperform rating. The price target for Millendo Therapeutics is set to $26. Millendo Therapeutics shares closed at $10.77 on Monday.
• Piper Jaffray initiated coverage on TowneBank TOWN with a Neutral rating. The price target for TowneBank is set to $27. TowneBank shares closed at $26.86 on Monday.
• National Securities initiated coverage on Identiv Inc INVE with a Buy rating. The price target for Identiv is set to $8. Identiv closed at $4.82 on Monday.
• KeyBanc initiated coverage on AppFolio Inc APPF with a Sector Weight rating. AppFolio shares closed at $106.10 on Monday.