Benzinga's Top Upgrades, Downgrades For May 29, 2018

Top Upgrades

• Jefferies upgraded Ford Motor Company F from Hold to Buy. Ford shares dropped 0.09 percent to $11.50 in pre-market trading.
• Analysts at Wells Fargo upgraded Phillips 66 PSX from Market Perform to Outperform. Phillips 66 shares rose 0.78 percent to $116.50 in pre-market trading.
• Raymond James upgraded TCF Financial Corporation TCF from Market Perform to Outperform. TCF Financial shares rose 1.54 percent to close at $26.41 on Friday.
• BMO Capital upgraded Agnico Eagle Mines Limited AEM from Market Perform to Outperform. Agnico Eagle Mines shares fell 0.81 percent to close at $43.92 on Friday.
• Morgan Stanley upgraded Quest Diagnostics Incorporated DGX from Equal-Weight to Overweight. Quest Diagnostics shares rose 4.88 percent to close at $105.81 on Friday.
• Stifel Nicolaus upgraded The Timken Company TKR from Hold to Buy. Timken shares fell 1.22 percent to close at $48.75 on Friday.
• Morgan Stanley upgraded Roku, Inc. ROKU from Underweight to Equal-Weight. Roku shares rose 2.88 percent to $39.65 in pre-market trading.
• Wells Fargo upgraded Marathon Petroleum Corporation MPC from Market Perform to Outperform. Marathon Petroleum shares fell 2.67 percent to close at $77.00 on Friday.
• Bernstein upgraded PetroChina Company Limited PTR from Market Perform to Outperform. PetroChina shares rose 2.29 percent to close at $79.96 on Friday.

Top Downgrades

• CL King downgraded Genesco Inc. GCO from Buy to Neutral. Genesco shares rose 0.99 percent to close at $45.90 on Friday.
• Williams Capital downgraded SCANA Corporation SCG from Hold to Sell. SCANA shares rose 0.39 percent to $35.95 in pre-market trading.
• RBC Capital downgraded Cogent Communications Holdings, Inc. CCOI from Outperform to Sector Perform. FirstCash shares fell 0.40 percent to close at $50.05 on Friday.
• Stifel Nicolaus downgraded Nanometrics Incorporated NANO from Buy to Hold. Nanometrics shares fell 4.19 percent to $37.05 in pre-market trading.
• Raymond James downgraded CenterState Bank Corporation CSFL from Outperform to Market Perform. CenterState Bank shares rose 0.57 percent to close at $31.66 on Friday.
• Jefferies downgraded Infinera Corporation INFN from Hold to Underperform. Infinera shares fell 4.07 percent to $9.66 in pre-market trading.
• HSBC downgraded Novartis AG NVS from Buy to Hold. Novartis shares fell 1.42 percent to $75.02 in pre-market trading.
• Credit Suisse downgraded Qiwi plc QIWI from Neutral to Underperform. QIWI shares fell 2.77 percent to $16.85 in pre-market trading.

Top Initiations

• Analysts at Stifel Nicolaus initiated coverage on Inspire Medical Systems, Inc. INSP with a Buy rating. The price target for Inspire Medical is set to $42. Inspire Medical shares closed at $30.61 on Friday.
• KeyBanc initiated coverage on Carbon Black, Inc. CBLK with a Overweight rating. The price target for Carbon Black is set to $29. Carbon Black shares closed at $23.02 on Friday.
• DA Davidson initiated coverage on Construction Partners, Inc. ROAD with a Buy rating. The price target for Construction Partners is set to $14.50. Construction Partners shares closed at $12.26 on Friday.
• H.C. Wainwright initiated coverage on G1 Therapeutics, Inc. GTHX with a Buy rating. The price target for G1 Therapeutics is set to $61. G1 Therapeutics shares closed at $50.06 on Friday.
• Stephens & Co. initiated coverage on Spirit of Texas Bancshares, Inc. STXB with a Overweight rating. The price target for Spirit of Texas Bancshares is set to $26. Spirit of Texas Bancshares shares closed at $21.08 on Friday.
• Morgan Stanley initiated coverage on Unity Biotechnology, Inc. UBX with a Overweight rating. The price target for Unity Biotechnology is set to $25. Unity Biotechnology shares closed at $13.00 on Friday.
• Jefferies initiated coverage on PermRock Royalty Trust PRT with a Buy rating. The price target for PermRock Royalty Trust is set to $19. PermRock Royalty Trust shares closed at $15.60 on Friday.
• Analysts at Pivotal Research initiated coverage on Spotify Technology S.A. SPOT with a Buy rating. The price target for Spotify Technology is set to $200. Spotify Technology shares closed at $156.60 on Friday.
• Analysts at Credit Suisse initiated coverage on Rambus Inc. RMBS with a Neutral rating. The price target for Rambus is set to $16. Rambus closed at $13.55 on Friday.
• Analysts at Janney Capital initiated coverage on ION Geophysical Corporation IO with a Buy rating. ION Geophysical shares closed at $23.20 on Friday.