Benzinga's Top Upgrades, Downgrades For June 12, 2018

Top Upgrades

• Morgan Stanley upgraded Newmont Mining Corporation NEM from Equal-Weight to Overweight. Newmont Mining shares rose 0.23 percent to $38.65 in pre-market trading.
• Barclays upgraded Enable Midstream Partners, LP ENBL from Underweight to Equal-Weight. Enable Midstream Partners shares rose 1 percent to $17.19 in pre-market trading.

Top Downgrades

• Citigroup downgraded SeaWorld Entertainment, Inc. SEAS from Neutral to Sell. SeaWorld shares fell 4.28 percent to $20.11 in pre-market trading.
• Wells Fargo downgraded Sempra Energy SRE from Outperform to Market Perform. Sempra Energy shares climbed 15.54 percent to close at $117.19 on Monday.
• Barclays downgraded Targa Resources Corp. TRGP from Overweight to Equal-Weight. Targa Resources shares fell 1.26 percent to $50.00 in pre-market trading.
• Morgan Stanley downgraded Barrick Gold Corporation ABX from Equal-Weight to Underweight. Barrick Gold shares fell 0.98 percent to $13.08 in pre-market trading.
• Goldman Sachs downgraded MakeMyTrip Limited MMYT from Buy to Neutral. MakeMyTrip shares rose 1.99 percent to close at $41.05 on Monday.
• Wells Fargo downgraded Adient plc ADNT from Outperform to Market Perform. Adient shares rose 1.66 percent to $48.90 in pre-market trading.
• Raymond James downgraded USG Corporation USG from Outperform to Market Perform. USG shares rose 3.86 percent to close at $43.04 on Monday.
• Compass Point downgraded Franklin Financial Network, Inc. FSB from Neutral to Sell. Franklin Finl Network shares rose 5.07 percent to close at $39.40 on Monday.

Top Initiations

• JP Morgan initiated coverage on Weight Watchers International, Inc. WTW with an Overweight rating. The price target for Weight Watchers is set to $105. Weight Watchers shares closed at $86.90 on Monday.
• Analysts at DA Davidson initiated coverage on Franklin Electric Co., Inc. FELE with a Neutral rating. The price target for Franklin Electric is set to $50. Franklin Electric closed at $48.60 on Monday.
• Oppenheimer initiated coverage on ArQule, Inc. ARQL with an Outperform rating. The price target for ArQule is set to $7. ArQule shares closed at $5.28 on Monday.
• Analysts at Benchmark initiated coverage on Healthcare Services Group, Inc. HCSG with a Buy rating. The price target for Healthcare Services is set to $50. Healthcare Services closed at $39.06 on Monday.