Benzinga's Top Upgrades, Downgrades For June 1, 2018

Top Upgrades

• Wells Fargo upgraded International Paper Company IP from Market Perform to Outperform. International Paper shares fell 0.72 percent to close at $53.50 on Thursday.
• Imperial Capital upgraded American Airlines Group Inc. AAL from In-Line to Outperform. American Airlines shares rose 0.55 percent to close at $43.54 on Thursday.
• Leerink Swann upgraded T2 Biosystems, Inc. TTOO from Market Perform to Outperform. T2 Biosystems shares rose 3.91 percent to $7.70 in pre-market trading.
• Stifel Nicolaus upgraded UDR, Inc. UDR from Hold to Buy. UDR shares rose 0.08 percent to close at $36.47 on Thursday.
• Wedbush upgraded Navient Corporation NAVI from Neutral to Outperform. Navient shares fell 1.43 percent to close at $13.81 on Thursday.
• Analysts at Oppenheimer upgraded Madrigal Pharmaceuticals, Inc. MDGL from Perform to Outperform. Madrigal Pharmaceuticals shares rose 1.73 percent to $270.21 in pre-market trading.
• Stifel Nicolaus upgraded EastGroup Properties, Inc. EGP from Hold to Buy. EastGroup Properties shares fell 0.43 percent to close at $93.23 on Thursday.
• Longbow Research upgraded Navistar International Corporation NAV from Neutral to Buy. Navistar shares fell 2.14 percent to close at $37.44 on Thursday.
• SunTrust Robinson Humphrey upgraded ExlService Holdings, Inc. EXLS from Hold to Buy. ExlService shares rose 1.87 percent to $57.75 in pre-market trading.

Top Downgrades

• Imperial Capital downgraded Southwest Airlines Co. LUV from Outperform to In-Line. Southwest Airlines shares fell 0.10 percent to $51.02 in pre-market trading.
• PiperJaffray downgraded Genesco Inc. GCO from Overweight to Neutral. Genesco shares fell 0.23 percent to close at $43.70 on Thursday.
• Argus downgraded Owens-Corning OC from Buy to Hold. Owens-Corning shares fell 2.44 percent to close at $63.22 on Thursday.
• Northcoast Research downgraded Kforce Inc. KFRC from Buy to Neutral. Kforce shares fell 0.45 percent to $33.50 in pre-market trading.
• Piper Jaffray downgraded AbbVie Inc ABBV from Overweight to Neutral. AbbVie shares fell 0.48 percent to $98.47 in pre-market trading.
• JP Morgan downgraded The Scotts Miracle-Gro Company SMG from Neutral to Underweight. Scotts Miracle-Gro shares fell 2.5 percent to $83.00 in pre-market trading.

Top Initiations

• Analysts at Cantor Fitzgerald initiated coverage on NuVasive, Inc. NUVA with a Neutral rating. The price target for NuVasive is set to $54. NuVasive shares closed at $51.26 on Thursday.
• Maxim Group initiated coverage on Stamps.com Inc. STMP with a Buy rating. The price target for Stamps.com is set to $320. Stamps.com shares closed at $250.80 on Thursday.
• Analysts at Jefferies initiated coverage on SAP SE SAP with a Buy rating. SAP closed at $112.79 on Thursday.
• Ladenburg Thalmann initiated coverage on Getty Realty Corp. GTY with a Buy rating. The price target for Getty Realty is set to $30. Getty Realty shares closed at $26.11 on Thursday.
• Needham initiated coverage on Tesla Inc TSLA with a Hold rating. Tesla shares closed at $284.73 on Thursday.
• SunTrust Robinson Humphrey initiated coverage on CytomX Therapeutics, Inc. CTMX with a Buy rating. The price target for CytomX Therapeutics is set to $38. CytomX Therapeutics shares closed at $25.67 on Thursday.
• Analysts at Cantor Fitzgerald initiated coverage on Mazor Robotics Ltd. MZOR with a Neutral rating. The price target for Mazor Robotics is set to $57. Mazor Robotics shares closed at $59.53 on Thursday.
• Baird initiated coverage on Xenia Hotels & Resorts Inc XHR with an Outperform rating. The price target for Xenia Hotels is set to $27. Xenia Hotels shares closed at $25.17 on Thursday.
• Barclays initiated coverage on Union Bankshares Corporation UBSH with an Equal-Weight rating. The price target for Union Bankshares is set to $44. Union Bankshares shares closed at $41.10 on Thursday.
• Buckingham assumed coverage on American Axle & Manufacturing Holdings, Inc. AXL with a Neutral rating. The price target for American Axle is set to $18. American Axle shares closed at $15.82 on Thursday.