Benzinga's Top Upgrades, Downgrades For August 21, 2018

Top Upgrades

• Jefferies upgraded Discovery Communications Inc. DISCA from Hold to Buy. Discovery shares rose 2.04 percent to close at $1.00 on Monday.
• Susquehanna upgraded Symantec Corporation SYMC from Neutral to Positive. Symantec shares rose 1.99 percent to $19.75 in pre-market trading.
• Raymond James upgraded Avanos Medical Inc AVNS from Market Perform to Outperform. Avanos Medical shares rose 1.29 percent to $66.90 in pre-market trading.
• Citigroup upgraded Viper Energy Partners LP VNOM from Neutral to Buy. Viper Energy Partners shares fell 0.81 percent to close at $38.06 on Monday.
• Analysts at Wells Fargo upgraded Ares Management LP ARES from Market Perform to Outperform. Ares Management shares rose 0.72 percent to close at $20.95 on Monday.
• Keefe Bruyette & Woods upgraded Oaktree Specialty Lending Corp OCSL from Market Perform to Outperform. Oaktree Specialty Lending shares rose 1.61 percent to $5.06 in pre-market trading.
• DA Davidson upgraded Estee Lauder Companies Inc EL from Neutral to Buy. Estee Lauder shares rose 1.02 percent to $142.00 in pre-market trading.
• Argus upgraded Johnson Controls International PLC JCI from Hold to Buy. Johnson Controls shares rose 1.57 percent to $39.35 in pre-market trading.

Top Downgrades

• Needham downgraded Fabrinet FN from Strong Buy to Buy. Fabrinet shares rose 5.95 percent to $46.62 in pre-market trading.
• Bernstein downgraded Hewlett Packard Enterprise Co HPE from Outperform to Market Perform. Hewlett Packard shares fell 2.27 percent to $16.34 in pre-market trading.
• Baird downgraded Hudson Pacific Properties Inc HPP from Outperform to Neutral. Hudson Pacific Properties shares fell 0.41 percent to close at $33.98 on Friday.
• Raymond James downgraded Lannett Company, Inc. LCI from Outperform to Market Perform. Lannett shares fell 60.37 percent to $5.35 in pre-market trading.
• Mizuho downgraded Brixmor Property Group Inc BRX from Buy to Neutral. Brixmor Property shares fell 1.30 percent to $18.29 in pre-market trading.

Top Initiations

• Morgan Stanley initiated coverage on Honeywell International Inc. HON with an Overweight rating. The price target for Honeywell is set to $175. Honeywell shares closed at $155.47 on Monday.
• Guggenheim initiated Automatic Data Processing ADP with a Buy rating. The price target for Automatic Data Processing is set to $175. Automatic Data Processing shares closed at $142.16 on Monday.
• Analysts at Keefe Bruyette & Woods initiated coverage on Jefferies Financial Group Inc JEF with an Outperform rating. The price target for Jefferies Financial is set to $29. Jefferies Financial shares closed at $23.48 on Monday.
• Cantor Fitzgerald initiated coverage on Vital Therapies Inc VTL with an Overweight rating. The price target for Vital Therapies is set to $18. Vital Therapies shares closed at $9.00 on Monday.
• Analysts at William Blair initiated coverage on Endava PLC - ADR DAVA with an Outperform rating. Endava shares closed at $27.49 on Monday.
• Citigroup initiated coverage on CIRCOR International, Inc. CIR with a Neutral rating. The price target for CIRCOR is set to $50. CIRCOR shares closed at $44.48 on Monday.
• Goldman Sachs initiated coverage on Sailpoint Technologies Holdings Inc SAIL with a Neutral rating. The price target for Sailpoint Technologies is set to $32. Sailpoint Technologies closed at $29.02 on Monday.
• Jefferies initiated coverage on Addus Homecare Corporation (NASDAQ: ADUS with a Buy rating. The price target for Addus Homecare is set to $75. Addus Homecare shares closed at $59.85 on Monday.
• Analysts at Morgan Stanley initiated coverage on 3M Co MMM with an Equal-Weight rating. The price target for 3M is set to $212. 3M closed at $204.60 on Monday.
• Analysts at Imperial Capital initiated coverage on Madison Square Garden Co MSG with an Outperform rating. The price target for Madison Square Garden is set to $372. Madison Square Garden closed at $297.22 on Monday.