Benzinga's Top Upgrades, Downgrades For September 4, 2018

Top Upgrades

• Morgan Stanley upgraded State Street Corp STT from Equal-Weight to Overweight. State Street shares rose 0.69 percent to $87.51 in pre-market trading.
• Wedbush upgraded Fifth Third Bancorp FITB from Neutral to Outperform. Fifth Third Bancorp shares rose 0.51 percent to close at $29.43 on Friday.
• Pivotal Research upgraded Zumiez Inc. ZUMZ from Hold to Buy. Zumiez shares rose 4.36 percent to close at $31.15 on Friday.
• Berenberg upgraded Univar Inc UNVR from Hold to Buy. Univar shares fell 0.22 percent to close at $27.82 on Friday.
• KeyBanc upgraded Twilio Inc TWLO from Sector Weight to Overweight. Twilio shares rose 2.63 percent to $82.78 in pre-market trading.
• Analysts at Jefferies upgraded Boston Scientific Corporation BSX from Hold to Buy. Itau Boston Scientific shares rose 1.29 percent to $36.02 in pre-market trading.
• Raymond James upgraded United Parcel Service, Inc. UPS from Market Perform to Strong Buy. UPS shares rose 1.55 percent to $124.79 in pre-market trading.
• Evercore ISI Group upgraded PG&E Corporation PCG from In-Line to Outperform. PG&E shares rose 4.59 percent to $48.30 in pre-market trading.
• Oppenheimer upgraded Colfax Corp CFX from Perform to Outperform. Colfax shares fell 0.31 percent to close at $ 34.92 on Friday.
• Buckingham upgraded RR Donnelley & Sons Co RRD from Neutral to Buy. RR Donnelley shares climbed 3.16 percent to $5.22 in pre-market trading.

Top Downgrades

• Barclays downgraded Verizon Communications Inc. VZ from Overweight to Equal-Weight. Verizon shares fell 1.36 percent to $53.63 in pre-market trading.
• BTIG Research downgraded Wingstop Inc WING from Buy to Neutral. Wingstop shares rose 0.71 percent to close at $66.95 on Friday.
• Pivotal Research downgraded Shoe Carnival, Inc. SCVL from Buy to Hold. Shoe Carnival shares rose 3.35 percent to close at $44.46 on Friday.
• Citigroup downgraded Signet Jewelers Ltd. SIG from Neutral to Sell. Signet shares fell 3.41 percent to $62.01 in pre-market trading.
• Evercore ISI Group downgraded Shire PLC (ADR) SHPG from Outperform to Market Perform. Shire shares fell 2.01 percent to $171.74 in pre-market trading.
• Morgan Stanley downgraded Arista Networks Inc ANET from Overweight to Equal-Weight. Arista shares fell 2.94 percent to $290.20 in pre-market trading.
• Bank of America downgraded Cognizant Technology Solutions Corp CTSH from Buy to Underperform. Cognizant Tech shares fell 1.31 percent to $77.40 in pre-market trading.
• Needham downgraded Integrated Device Technology Inc IDTI from Buy to Hold. Integrated Device Tech shares fell 0.68 percent to $42.20 in pre-market trading.
• Raymond James downgraded InterContinental Hotels Group PLC (ADR) IHG from Market Perform to Underperform. InterContinental shares fell 1.24 percent to $61.35 in pre-market trading.
• Buckingham downgraded Calavo Growers, Inc. CVGW from Buy to Neutral. Calavo Growers shares fell 0.94 percent to $104.85 in pre-market trading.

Top Initiations

• Barclays initiated coverage on Nutrien Ltd NTR with a Overweight rating. The price target for Nutrien is set to $65. Nutrien shares closed at $56.63 on Friday.
• Analysts at Stifel Nicolaus initiated coverage on Mesa Air Group Inc MESA with a Buy rating. The price target for Mesa Air is set to $15. Mesa Air shares closed at $13.79 on Friday.
• Oppenheimer initiated coverage on Vaccinex Inc VCNX with an Outperform rating. The price target for Vaccinex is set to $22. Vaccinex shares closed at $9.99 on Friday.
• Barclays initiated coverage on Mosaic Co MOS with an Equal-Weight rating. The price target for Mosaic is set to $34. Mosaic shares closed at $31.27 on Friday.
• Goldman Sachs initiated coverage on TJX Companies Inc TJX with a Buy rating. The price target for TJX is set to $126. TJX shares closed at $109.97 on Friday.
• Analysts at Chardan Capital initiated coverage on R1 RCM Inc RCM with a Buy rating. The price target for R1 RCM is set to $17. R1 RCM shares closed at $9.97 on Friday.
• Barclays initiated CF Industries Holdings, Inc. CF with an Equal-Weight rating. The price target for CF Industries is set to $55. CF Industries shares closed at $51.95 on Friday.
• Citigroup initiated coverage on Madrigal Pharmaceuticals Inc MDGL with a Buy rating. The price target for Madrigal Pharmaceuticals is set to $340. Madrigal Pharmaceuticals shares closed at $239.21 on Friday.
• Raymond James initiated coverage on Mesa Air Group Inc MESA with a Strong Buy rating. The price target for Mesa Air is set to $20. Mesa Air shares closed at $13.79 on Friday.
• Guggenheim initiated coverage on Roku Inc ROKU with a Buy rating. The price target for Roku is set to $74. Roku shares closed at $59.49 on Friday.