Benzinga's Top Upgrades, Downgrades For May 31, 2018

Top Upgrades

• Morgan Stanley upgraded Corning Incorporated GLW from Equal-Weight to Overweight. Corning shares rose 2.16 percent to $26.92 in pre-market trading.
• Canaccord Genuity upgraded Biogen Inc. BIIB from Hold to Buy. Biogen shares rose 0.95 percent to $297.20 in pre-market trading.
• Bank of America upgraded First Hawaiian, Inc. FHB from Neutral to Buy. First Hawaiian shares rose 1.4 percent to $29.62 in pre-market trading.
• Analysts at Cantor Fitzgerald upgraded Quality Systems, Inc. QSII from Neutral to Overweight. Quality Systems shares fell 0.82 percent to close at $16.83 on Wednesday.
• Morgan Stanley upgraded Extended Stay America, Inc. STAY from Equal-Weight to Overweight. Extended Stay America shares rose 2.87 percent to $20.40 in pre-market trading.
• Imperial Capital upgraded Verint Systems Inc. VRNT from In-Line to Outperform. Verint shares rose 0.83 percent to close at $42.35 on Wednesday.
• Stifel Nicolaus upgraded Leggett & Platt, Incorporated LEG from Hold to Buy. Leggett & Platt shares rose 1.28 percent to close at $42.02 on Wednesday.

Top Downgrades

• Susquehanna downgraded DSW Inc. DSW from Positive to Neutral. DSW shares fell 0.73 percent to $24.43 in pre-market trading.
• Morgan Stanley downgraded Micron Technology, Inc. MU from Overweight to Equal-Weight. Micron shares fell 3 percent to $60.69 in pre-market trading.
• Argus downgraded Arconic Inc. ARNC from Buy to Hold. Arconic shares fell 0.69 percent to $18.00 in pre-market trading.
• Williams Capital downgraded Otter Tail Corporation OTTR from Hold to Sell. Otter Tail shares fell 1.46 percent to $47.40 in pre-market trading.
• Cantor Fitzgerald downgraded HealthEquity, Inc. HQY from Overweight to Neutral. HealthEquity shares rose 1.62 percent to close at $78.00 on Wednesday.
• Sandler O'Neill downgraded Seacoast Banking Corporation of Florida SBCF from Buy to Hold. Seacoast Banking shares rose 2.28 percent to close at $31.36 on Wednesday.
• BTIG Research downgraded Mid-America Apartment Communities, Inc. MAA from Buy to Neutral. Mid-America Apartment shares rose 2.45 percent to close at $93.99 on Wednesday.
• Rosenblatt downgraded Box Inc BOX from Buy to Neutral. Box shares fell 5.83 percent to $26.16 in pre-market trading.
• Stifel Nicolaus downgraded Corcept Therapeutics Incorporated CORT from Buy to Hold. Corcept Therapeutics shares fell 2.74 percent to $19.15 in pre-market trading.

Top Initiations

• Jefferies initiated coverage on Hyatt Hotels Corporation H with a Hold rating. The price target for Hyatt Hotels is set to $85. Hyatt Hotels shares closed at $82.02 on Wednesday.
• Raymond James initiated coverage on Edwards Lifesciences Corporation EW with an Outperform rating. The price target for Edwards Lifesciences is set to $152. Edwards Lifesciences shares closed at $137.45 on Wednesday.
• Analysts at Credit Suisse initiated coverage on SS&C Technologies Holdings, Inc. SSNC with an Outperform rating. The price target for SS&C Technologies is set to $60. SS&C Technologies closed at $49.81 on Wednesday.
• Analysts at Piper Jaffray initiated coverage on Loxo Oncology, Inc. LOXO with an Overweight rating. The price target for Loxo Oncology is set to $200. Loxo Oncology shares closed at $173.64 on Wednesday.
• Analysts at Stifel Nicolaus initiated coverage on Rollins, Inc. ROL with a Hold rating. The price target for Rollins is set to $50. Rollins shares closed at $51.09 on Wednesday.
• SunTrust Robinson Humphrey initiated coverage on Celyad SA CYAD with a Buy rating. The price target for Celyad is set to $49. Celyad shares closed at $29.78 on Wednesday.
• BMO Capital initiated coverage on Silvercorp Metals Inc. SVM with an Outperform rating. The price target for Silvercorp Metals is set to $4.75. Silvercorp Metals shares closed at $2.87 on Wednesday.
• Canaccord Genuity assumed coverage on GrubHub Inc. GRUB with a Buy rating. The price target for GrubHub is set to $130. GrubHub shares closed at $107.54 on Wednesday.
• Piper Jaffray assumed coverage on Incyte Corporation INCY with an Overweight rating. The price target for Incyte is set to $85. Incyte shares closed at $67.87 on Wednesday.
• Analysts at Jefferies initiated coverage on Marriott International, Inc. MAR with a Hold rating. The price target for Marriott is set to $152. Marriott shares closed at $136.27 on Wednesday.