Benzinga's Top Upgrades, Downgrades For October 16, 2018

Top Upgrades

• BMO Capital upgraded Marvell Technology Group Ltd. MRVL from Market Perform to Outperform. Marvell Technology shares rose 1.55 percent to $18.40 in pre-market trading.
• HSBC upgraded Las Vegas Sands Corp. LVS from Hold to Buy. Las Vegas Sands shares rose 0.5 percent to $56.10 in pre-market trading.
• Morgan Stanley upgraded Government Properties Income Trust GOV from Underweight to Equal-Weight. Government Properties Income Trust shares rose 1.8 percent to $10.00 in pre-market trading.
• B. Riley upgraded Arbutus Biopharma Corp ABUS from Neutral to Buy. Arbutus Biopharma shares fell 3.94 percent to close at $4.14 on Monday.

Top Downgrades

• KeyBanc downgraded Integrated Device Technology Inc IDTI from Overweight to Sector Weight. Integrated Device Tech shares fell 0.41 percent to $46.57 in pre-market trading.
• Jefferies downgraded Pinnacle Foods Inc PF from Buy to Hold. Pinnacle Foods shares dropped 0.42 percent to $65.85 in pre-market trading.
• Stifel Nicolaus downgraded Antero Midstream Partners LP AM from Buy to Hold. Antero Midstream Partners shares fell 0.21 percent to $32.65 in pre-market trading.
• Bank of America downgraded Spero Therapeutics Inc SPRO from Neutral to Underperform. Spero Therapeutics shares rose 1.67 percent to close at $9.76 on Monday.
• SunTrust Robinson Humphrey downgraded Amneal Pharmaceuticals Inc AMRX from Buy to Hold. Amneal Pharmaceuticals shares fell 1.8 percent to $18.40 in pre-market trading.

Top Initiations

• Barclays initiated coverage on Stryker Corporation SYK with an Overweight rating. The price target for Stryker is set to $198. Stryker shares closed at $169.41 on Monday.
• Benchmark initiated coverage on Tilray Inc TLRY with a Buy rating. The price target for Tilray is set to $200. Tilray shares closed at $165.64 on Monday.
• Analysts at Bank Of America initiated coverage on Y-mAbs Therapeutics, Inc CAMP with a Buy rating. The price target for Y-mAbs Therapeutics is set to $26. Y-mAbs Therapeutics shares closed at $21.60 on Monday.
• Analysts at Bernstein initiated coverage on Philip Morris International Inc. PM with an Outperform rating. The price target for Philip Morris is set to $97. Philip Morris shares closed at $83.49 on Monday.
• Barclays initiated coverage on Abbott Laboratories ABT with an Overweight rating. The price target for Abbott is set to $80. Abbott shares closed at $68.70 on Monday.
• Analysts at Bernstein initiated coverage on Altria Group Inc MO with a Market Perform rating. Altria closed at $61.44 on Monday.
• Citigroup initiated coverage on Independence Realty Trust Inc IRT with a Neutral rating. Independence Realty Trust shares closed at $9.78 on Monday.
• BTIG Research initiated coverage on Esperion Therapeutics Inc ESPR with a Buy rating. The price target for Esperion Therapeutics is set to $82. Esperion Therapeutics shares closed at $44.94 on Monday.
• Barclays initiated coverage on Becton Dickinson and Co BDX with an Equal-Weight rating. The price target for Becton Dickinson is set to $278. Becton Dickinson shares closed at $238.31 on Monday.