Benzinga's Top Upgrades, Downgrades For May 8, 2018

Top Upgrades

• Evercore ISI Group upgraded athenahealth, Inc. ATHN from In-Line to Outperform. athenahealth shares rose 0.68 percent to $147.75 in pre-market trading.
• Morgan Stanley upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima LOMA from Equal-Weight to Overweight. LOMA shares dropped 0.61 percent to close at $17.88 on Monday.
• Canaccord upgraded Impinj, Inc. PI from Hold to Buy. Impinj shares rose 14.87 percent to $15.60 in pre-market trading.
• Analysts at DA Davidson upgraded Louisiana-Pacific Corporation LPX from Neutral to Buy. Louisiana-Pacific shares rose 0.57 percent to $28.30 in pre-market trading.
• Stephens & Co. upgraded Fiesta Restaurant Group, Inc. FRGI from Equal-Weight to Overweight. Fiesta Restaurant shares rose 7.32 percent to $23.45 in pre-market trading.
• RBC Capital upgraded XL Group Ltd XL from Sector Perform to Outperform. XL shares fell 0.88 percent to close at $55.05 on Monday.
• Credit Suisse upgraded New Gold Inc. NGD from Underperform to Neutral. New Gold shares rose 0.41 percent to close at $2.44 on Monday.
• Credit Suisse upgraded Pinnacle West Capital Corporation PNW from Neutral to Outperform. Pinnacle West Capital shares fell 0.56 percent to close at $79.75 on Monday.
• Needham upgraded Ceragon Networks Ltd. CRNT from Hold to Buy. Ceragon Networks shares rose 3.18 percent to $2.92 in pre-market trading.

Top Downgrades

• DA Davidson downgraded Financial Engines, Inc. FNGN from Buy to Neutral. Financial Engines shares rose 0.34 percent to close at $44.60 on Monday.
• Jefferies downgraded Kosmos Energy Ltd. KOS from Buy to Hold. Kosmos Energy shares rose 5.08 percent to close at $7.24 on Monday.
• RBC Capital downgraded Zillow Group, Inc. ZG from Outperform to Sector Perform. Zillow shares fell 8.31 percent to $50.98 in pre-market trading.
• Raymond James downgraded Del Frisco's Restaurant Group, Inc. DFRG from Outperform to Market Perform. Del Frisco's shares fell 7.67 percent to $15.65 in pre-market trading.
• Stifel Nicolaus downgraded Gramercy Property Trust GPT from Buy to Hold. Gramercy Prop Trust shares rose 15.45 percent to close at $27.50 on Monday.
• Morgan Stanley downgraded Andeavor ANDV from Overweight to Equal-Weight. Andeavor shares dropped 0.09 percent to close at $139.63 on Monday.
• Analysts at Wells Fargo downgraded Nevro Corp. NVRO from Outperform to Market Perform. Nevro shares fell 18.24 percent to $75.25 in pre-market trading.
• William Blair downgraded Sapiens International Corporation N.V. SPNS from Outperform to Market Perform. Sapiens Intl shares fell 2.16 percent to $9.49 in pre-market trading.
• Citigroup downgraded Continental Resources, Inc. CLR from Buy to Neutral. Continental Resources shares rose 0.40 percent to close at $64.66 on Monday.
• B. Riley FBR downgraded Infinera Corporation INFN from Buy to Neutral. Infinera shares fell 2.48 percent to $11.80 in pre-market trading.

Top Initiations

• Analysts at William Blair initiated coverage on Cubic Corporation CUB with an Outperform rating. Cubic shares closed at $69.20 on Monday.
• Nomura initiated coverage on Red Rock Resorts, Inc. RRR with a Buy rating. The price target for Red Rock Resorts  is set to $39. Red Rock Resorts  shares closed at $32.96 on Monday.
• Analysts at Morgan Stanley assumed coverage on NICE Ltd. NICE with an Equal-Weight rating. The price target for NICE is set to $101. NICE shares closed at $95.75 on Monday.
• Nomura initiated coverage on Eldorado Resorts, Inc. ERI with a Neutral rating. The price target for Eldorado Resorts is set to $47. Eldorado Resorts shares closed at $42.15 on Monday.
• Baird initiated coverage on Mersana Therapeutics, Inc. MRSN with an Outperform rating. The price target for Mersana Therapeutics is set to $30. Mersana Therapeutics shares closed at $16.98 on Monday.