Benzinga's Top Upgrades, Downgrades For May 9, 2018

Top Upgrades

• Janney Capital upgraded T2 Biosystems, Inc. TTOO from Neutral to Buy. T2 Biosystems shares rose 9.84 percent to $6.70 in pre-market trading.
• Macquarie upgraded Jacobs Engineering Group Inc. JEC from Underperform to Neutral. Jacobs Engineering shares gained 9.50 percent to close at $62.10 on Tuesday.
• Raymond James upgraded Nutrien Ltd. NTR from Market Perform to Outperform. Nutrien shares rose 0.88 percent to $48.06 in pre-market trading.
• Analysts at BMO Capital upgraded New Relic, Inc. NEWR from Market Perform to Outperform. New Relic shares rose 5 percent to $81.00 in pre-market trading.
• Credit Suisse upgraded CenterPoint Energy, Inc. CNP from Neutral to Outperform. CenterPoint Energy shares fell 0.30 percent to close at $26.55 on Tuesday.
• Longbow Research upgraded Arconic Inc. ARNC from Neutral to Buy. Arconic shares rose 2.42 percent to $18.23 in pre-market trading.
• Stifel Nicolaus upgraded Red Robin Gourmet Burgers, Inc. RRGB from Hold to Buy. Red Robin shares rose 3.47 percent to close at $61.15 on Tuesday.
• Morgan Stanley upgraded Tenneco Inc. TEN from Underweight to Equal-Weight. Tenneco shares rose 0.37 percent to close at $45.89 on Tuesday.
• Cantor Fitzgerald upgraded Arrowhead Pharmaceuticals, Inc. ARWR from Neutral to Overweight. Arrowhead Pharmaceuticals shares rose 7.48 percent to $8.33 in pre-market trading.
• RBC Capital upgraded Semtech Corporation SMTC from Sector Perform to Outperform. Semtech shares rose 1.20 percent to close at $42.20 on Tuesday.

Top Downgrades

• Jefferies downgraded Beacon Roofing Supply, Inc. BECN from Buy to Hold. Beacon Roofing shares rose 1.67 percent to close at $49.85 on Tuesday.
• Morgan Stanley downgraded Ironwood Pharmaceuticals, Inc. IRWD from Equal-Weight to Underweight. Ironwood Pharmaceuticals shares rose 2.28 percent to close at $18.38 on Tuesday.
• Stifel Nicolaus downgraded Crocs, Inc. CROX from Buy to Hold. Crocs shares rose 7 percent to close at $16.21 on Tuesday.
• Argus downgraded Check Point Software Technologies Ltd. CHKP from Buy to Hold. Check Point shares fell 0.80 percent to $99.13 in pre-market trading.
• Nomura downgraded Broadcom Inc. AVGO from Buy to Neutral. Broadcom shares fell 1.44 percent to $235.40 in pre-market trading.
• Deutsche Bank downgraded MaxLinear, Inc. MXL from Buy to Hold. MaxLinear shares dropped 6.45 percent to $22.28 in pre-market trading.
• Credit Suisse downgraded MINDBODY, Inc. MB from Outperform to Neutral. MINDBODY shares fell 16.57 percent to $36.50 in pre-market trading.
• Analysts at JP Morgan downgraded Monster Beverage Corporation MNST from Overweight to Neutral. Monster Beverage shares fell 7.29 percent to $49.21 in pre-market trading.
• Longbow Research downgraded Papa John's International, Inc. PZZA from Buy to Neutral. Papa John's shares fell 3.80 percent to $56.50 in pre-market trading.
• Citigroup downgraded Frontier Communications Corporation FTR from Neutral to Sell. Frontier Communications shares fell 3.78 percent to $9.41 in pre-market trading.

Top Initiations

• Analysts at Buckingham initiated coverage on ServiceMaster Global Holdings, Inc. SERV with a Buy rating. The price target for ServiceMaster Global is set to $64. ServiceMaster Global shares closed at $54.78 on Tuesday.
• Analysts at B. Riley FBR initiated coverage on Eiger BioPharmaceuticals, Inc. EIGR with a Buy rating. The price target for Eiger BioPharmaceuticals is set to $24. Eiger BioPharmaceuticals shares closed at $9.20 on Tuesday.
• Buckingham initiated coverage on Rollins, Inc. ROL with a Neutral rating. The price target for Rollins is set to $50. Rollins shares closed at $49.91 on Tuesday.
• BWS Financial initiated coverage on Iridium Communications Inc. IRDM with a Buy rating. The price target for Iridium Communications is set to $22. Iridium Communications shares closed at $11.60 on Tuesday.