Benzinga's Top Upgrades, Downgrades For September 28, 2018

Top Upgrades

• SunTrust Robinson Humphrey upgraded Lowe's Companies, Inc. LOW from Hold to Buy. Lowe's shares rose 0.33 percent to $114.88 in pre-market trading.
• JP Morgan upgraded Blucora Inc BCOR from Neutral to Overweight. Blucora shares climbed 0.68 percent to close at $37.05 on Thursday.
• Cantor Fitzgerald upgraded HCP, Inc. HCP from Neutral to Overweight. HCP shares rose 0.47 percent to $25.77 in pre-market trading.
• Drexel Hamilton upgraded Science Applications International Corp SAIC from Hold to Buy. Science Applications shares fell 0.19 percent to close at $79.54 on Thursday.
• Oppenheimer upgraded Ceragon Networks Ltd CRNT from Perform to Outperform. Ceragon shares rose 4.9 percent to $3.19 in pre-market trading.

Top Downgrades

• Wedbush downgraded Sonic Corporation SONC from Outperform to Neutral. Sonic shares rose 0.05 percent to $43.25 in pre-market trading.
• Longbow Research downgraded IPG Photonics Corporation IPGP from Buy to Neutral. IPG Photonics shares rose 2.15 percent to close at $158.81 on Thursday.
• Wells Fargo downgraded SEASPAN Corp SSW from Market Perform to Underperform. Seaspan shares fell 5.7 percent to $8.10 in pre-market trading.
• Morgan Stanley downgraded Phillips 66 Partners LP PSXP from Equal-Weight to Underweight. Phillips 66 Partners shares fell 2.1 percent to $50.00 in pre-market trading.
• Citigroup downgraded Tesla Inc TSLA from Neutral to Sell. Tesla shares fell 12.4 percent to $269.47 in pre-market trading.
• Wells Fargo downgraded Textainer Group Holdings Limited TGH from Market Perform to Underperform. Textainer Group shares fell 4.4 percent to $12.90 in pre-market trading.

Top Initiations

• Analysts at Stifel Nicolaus initiated coverage on Zynga Inc ZNGA with a Buy rating. The price target for Zynga is set to $5. Zynga shares closed at $3.96 on Thursday.
• JP Morgan initiated coverage on Hormel Foods Corp HRL with a Neutral rating. The price target for Hormel Foods is set to $41. Hormel Foods shares closed at $38.90 on Thursday.
• Jefferies initiated WPX Energy Inc WPX with a Buy rating. The price target for WPX Energy is set to $28. WPX Energy shares closed at $19.65 on Thursday.
• Cowen & Co. initiated coverage on Myers Industries, Inc. MYE with a Market Perform rating. Myers Industries shares closed at $24.20 on Thursday.