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

Top Upgrades

• Citigroup upgraded Lowe's Companies, Inc. LOW from Neutral to Buy. Lowe's shares fell 1.15 percent to $97.26 in pre-market trading.
• Analysts at Compass Point upgraded Texas Capital Bancshares Inc TCBI from Neutral to Buy. Texas Capital Bancshares shares fell 4.16 percent to close at $64.05 on Monday.
• Baird upgraded Zions Bancorp ZION from Underperform to Neutral. Zions Bancorp shares fell 0.79 percent to $44.99 in pre-market trading.
• JP Morgan upgraded Synopsys, Inc. SNPS from Underweight to Neutral. Synopsys shares rose 0.87 percent to $89.60 in pre-market trading.
• Barclays upgraded NXP Semiconductors NV NXPI from Equal-Weight to Overweight. NXP Semiconductors shares fell 2.77 percent to $74.36 in pre-market trading.
• Baird upgraded M&T Bank Corporation MTB from Neutral to Outperform. M&T Bank shares closed at $158.00 on Monday.
• Jefferies upgraded Kaiser Aluminum Corp. KALU from Hold to Buy. Kaiser Aluminum shares rose 1.87 percent to close at $98.50 on Monday.
• JP Morgan upgraded Cadence Design Systems Inc CDNS from Underweight to Neutral. Cadence Design shares rose 7.6 percent to $43.70 in pre-market trading.
• Imperial Capital upgraded Viacom, Inc. VIAB from Underperform to In-Line. Viacom shares fell 0.6 percent to $32.80 in pre-market trading.
• KeyBanc upgraded Atlassian Corporation PLC TEAM from Sector Weight to Overweight. Atlassian shares fell 1.5 percent to $71.50 in pre-market trading.

Top Downgrades

• Susquehanna downgraded Micron Technology, Inc. MU from Positive to Neutral. Micron shares fell 3.6 percent to $38.33 in pre-market trading.
• Raymond James downgraded EnLink Midstream Partners LP ENLK from Outperform to Market Perform. EnLink Midstream shares closed at $18.10 on Monday.
• RBC Capital downgraded eBay Inc EBAY from Outperform to Sector Perform. eBay shares fell 3.5 percent to $27.50 in pre-market trading.
• Susquehanna downgraded NetApp Inc. NTAP from Positive to Neutral. NetApp shares fell 3.8 percent to $77.30 in pre-market trading.

Top Initiations

• Stifel Nicolaus initiated coverage on Viavi Solutions Inc VIAV with a Buy rating. The price target for Viavi Solutions is set to $14. Viavi Solutions shares closed at $11.93 on Monday.
• Bank of America initiated coverage on Stericycle Inc SRCL with an Underperform rating. The price target for Stericycle is set to $53. Stericycle shares closed at $52.14 on Monday.
• Analysts at Needham initiated coverage on Pivotal Software Inc PVTL with a Buy rating. The price target for Pivotal Software is set to $25. Pivotal Software shares closed at $18.73 on Monday.
• Analysts at Cowen & Co. initiated coverage on Gritstone Oncology Inc GRTS with an Outperform rating. Gritstone Oncology closed at $15.17 on Monday.
• Wedbush initiated coverage on Restoration Hardware Holdings, Inc RH with an Outperform rating. RH shares closed at $109.40 on Monday.
• Analysts at Buckingham initiated coverage on Performance Food Group Co PFGC with a Buy rating. The price target for Performance Food is set to $39. Performance Food shares closed at $29.61 on Monday.
• Needham initiated coverage on Oracle Corporation ORCL with a Hold rating. Oracle shares closed at $47.94 on Monday.
• Cowen & Co. initiated coverage on Marriott International Inc MAR with an Outperform rating. The price target for Marriott is set to $140. Marriott shares closed at $111.49 on Monday.
• KeyBanc initiated coverage on Equinix Inc EQIX with a Sector Weight rating. Equinix shares closed at $411.73 on Monday.
• Analysts at Morgan Stanley initiated coverage on Caesars Entertainment Corporation CZR with an Overweight rating. Caesars Entertainment closed at $9.49 on Monday.