Benzinga's Top Upgrades, Downgrades For May 23, 2018

Top Upgrades

• Deutsche Bank upgraded Nordstrom, Inc. JWN from Hold to Buy. Nordstrom shares rose 0.94 percent to $46.22 in pre-market trading.
• Bernstein upgraded Celgene Corporation CELG from Market Perform to Outperform. Celgene shares rose 0.80 percent to $77.22 in pre-market trading.
• Deutsche Bank upgraded Kronos Worldwide, Inc. KRO from Hold to Buy. Kronos Worldwide shares rose 0.93 percent to $25.00 in pre-market trading.
• Analysts at MKM Partners upgraded Alliance Resource Partners, L.P. ARLP from Neutral to Buy. Alliance Resource shares closed at $18.25 on Friday.
• Citigroup upgraded GOL Linhas Aéreas Inteligentes S.A GOL from Sell to Neutral. GOL Linhas shares closed at $8.29 on Tuesday.

Top Downgrades

• Deutsche Bank downgraded DSW Inc. DSW from Buy to Hold. BofI Holding shares fell 2.77 percent to $24.93 in pre-market trading.
• First Analysis downgraded Intuit Inc. INTU from Equal-Weight to Underweight. Intuit shares closed at $190.54 on Tuesday.
• BTIG Research downgraded Red Robin Gourmet Burgers, Inc. RRGB from Buy to Neutral. Red Robin shares closed at $57.95 on Tuesday.
• Argus downgraded Celgene Corporation CELG from Buy to Hold. Celgene shares closed at $76.61 on Tuesday.
• Longbow Research downgraded Shake Shack Inc. SHAK from Buy to Neutral. Shake Shack shares closed at $57.96 on Tuesday.
• RBC Capital downgraded LTC Properties, Inc. LTC from Sector Perform to Underperform. LTC Properties shares closed at $39.40 on Tuesday.

Top Initiations

• H.C. Wainwright initiated coverage on Citius Pharmaceuticals, Inc. CTXR with a Buy rating. The price target for Citius Pharmaceuticals is set to $11. Citius Pharmaceuticals shares closed at $2.45 on Tuesday.
• SunTrust Robinson Humphrey initiated coverage on Carrols Restaurant Group, Inc. TAST with a Buy rating. The price target for Carrols Restaurant is set to $16. Carrols Restaurant shares closed at $11.60 on Tuesday.
• Evercore ISI Group initiated coverage on Estée Lauder Companies Inc. EL with a Outperform rating. The price target for Estée Lauder is set to $170. Estée Lauder shares closed at $147.88 on Tuesday.
• Janney Capital initiated coverage on KemPharm, Inc. KMPH with a Buy rating. The price target for KemPharm is set to $17. KemPharm shares closed at $6.10 on Tuesday.
• Analysts at Stifel Nicolaus initiated coverage on Quantenna Communications, Inc. QTNA with a Buy rating. The price target for Quantenna Communications is set to $19. Quantenna Communications shares closed at $14.92 on Tuesday.
• Argus initiated coverage on Old Dominion Freight Line, Inc. ODFL with a Buy rating. The price target for Old Dominion Freight is set to $175. Old Dominion Freight shares closed at $148.28 on Tuesday.
• Jefferies initiated coverage on Virtu Financial, Inc. VIRT with a Buy rating. The price target for Virtu Financial is set to $27. Virtu Financial shares closed at $29.10 on Tuesday.
• Analysts at Cowen & Co. initiated coverage on Integrated Device Technology, Inc. IDTI with a Outperform rating. The price target for Integrated Device Technology is set to $37. Integrated Device Technology shares closed at $32.47 on Tuesday.