Benzinga's Top Upgrades, Downgrades For July 3, 2018

Top Upgrades

• Goldman Sachs upgraded Albemarle Corporation ALB from Neutral to Buy. Albemarle shares fell 0.90 percent to close at $93.48 on Monday.
• JP Morgan upgraded NetEase, Inc. NTES from Underweight to Overweight. NetEase shares fell 0.80 percent to close at $250.65 on Monday.
• Analysts at Raymond James upgraded IQVIA Holdings Inc. IQV from Market Perform to Strong Buy. IQVIA shares fell 0.52 percent to close at $99.30 on Monday.
• Oppenheimer upgraded Roku, Inc. ROKU from Perform to Outperform. Roku shares rose 3.37 percent to $44.75 in pre-market trading.
• UBS upgraded Autoliv, Inc. ALV from Sell to Neutral. Autoliv shares rose 0.85 percent to $102.53 in pre-market trading.
• JP Morgan upgraded VEON Ltd. VEON from Neutral to Overweight. VEON shares rose 19.67 percent to $2.86 in pre-market trading.

Top Downgrades

• Deutsche Bank downgraded PepsiCo, Inc. PEP from Buy to Hold. PepsiCo shares fell 0.41 percent to $109.08 in pre-market trading.
• Baird downgraded Fastenal Company FAST from Outperform to Neutral. Fastenal shares fell 0.27 percent to close at $48.00 on Monday.
• Barclays downgraded Belmond Ltd. BEL from Overweight to Underweight. Belmond shares rose 0.45 percent to close at $11.20 on Monday.
• Leerink Swann downgraded Cotiviti Holdings, Inc. COTV from Outperform to Market Perform. Cotiviti shares fell 0.02 percent to close at $44.12 on Monday.
• Baird downgraded W.W. Grainger, Inc. GWW from Outperform to Neutral. Grainger shares fell 0.68 percent to close at $306.30 on Monday.
• Deutsche Bank downgraded Delta Air Lines, Inc. DAL from Buy to Hold. Delta Air shares rose 0.77 percent to close at $49.92 on Monday.
• Leerink Swann downgraded Epizyme, Inc. EPZM from Outperform to Market Perform. Epizyme shares rose 0.37 percent to close at $13.60 on Monday.
• Deutsche Bank downgraded American Airlines Group Inc. AAL from Buy to Hold. American Airlines shares rose 1.05 percent to close at $38.36 on Monday.

Top Initiations

• Analysts at Maxim Group initiated coverage on Veru Inc. VERU with a Buy rating. The price target for Veru is set to $10. Veru shares closed at $1.95 on Monday.
• Jefferies initiated coverage on ViewRay, Inc. VRAY with a Buy rating. The price target for ViewRay is set to $12. ViewRay shares closed at $7.12 on Monday.
• Barclays initiated coverage on MeiraGTx Holdings plc MGTX with an Overweight rating. The price target for MeiraGTx is set to $20. MeiraGTx closed at $11.58 on Monday.
• Analysts at Piper Jaffray initiated coverage on Zafgen, Inc. ZFGN with an Overweight rating. The price target for Zafgen is set to $18. Zafgen shares closed at $9.55 on Monday.
• UBS initiated coverage on Veoneer VNE with a Neutral rating. The price target for Veoneer is set to $44. Veoneer shares closed at $42.65 on Monday.