Benzinga's Top Upgrades, Downgrades For February 6, 2019

Top Upgrades

• Citigroup upgraded Legg Mason Inc LM from Neutral to Buy. Legg Mason shares rose 1.8 percent to close at $30.05 on Tuesday.
• Deutsche Bank upgraded Church & Dwight Co., Inc. CHD from Sell to Hold. Church & Dwight shares closed at $60.46 on Tuesday.
• Raymond James upgraded Snap Inc SNAP from Underperform to Market Perform. Snap shares rose 21.7 percent to $8.57 in pre-market trading.
• Bank of America upgraded Genpact Limited G from Underperform to Buy. Genpact fell 0.1 percent to $30.63 in pre-market trading.
• TD Securities upgraded Eldorado Gold Corp EGO from Reduce to Hold. Eldorado Gold shares rose 1.4 percent to $4.23 in pre-market trading.
• Compass Point upgraded Axos Financial Inc AX from Neutral to Buy. Axos Financial shares rose 2 percent to $32.47 in pre-market trading.
• Loop Capital upgraded Michaels Companies Inc MIK from Hold to Buy. Michaels shares closed at $13.84 on Tuesday.
• Morgan Stanley upgraded Norwegian Cruise Line Holdings Ltd NCLH from Equal-Weight to Overweight. Norwegian Cruise Line shares rose 2.2 percent to $52.95 in pre-market trading.
• UBS upgraded Venator Materials PLC VNTR from Neutral to Buy. Venator Materials shares rose 2.76 percent to close at $5.02 on Tuesday.
• Analysts at Bank of America upgraded Vodafone Group Plc VOD from Neutral to Buy. Vodafone shares rose 1.4 percent to $18.50 in pre-market trading.

Top Downgrades

• BMO Capital downgraded Gartner Inc IT from Outperform to Market Perform. Gartner shares fell 1.2 percent to $139.30 in pre-market trading.
• Deutsche Bank downgraded Match Group Inc MTCH from Buy to Hold. Match Group shares fell 3.3 percent to $53.86 in pre-market trading.
• Cowen & Co. downgraded DowDuPont Inc DWDP from Outperform to Market Perform. DowDuPont shares fell 1.4 percent to $53.50 in pre-market trading.
• Bank of America downgraded Vishay Intertechnology VSH from Buy to Neutral. Vishay Intertechnology shares fell 1.4 percent to $21.30 in pre-market trading.
• Northcoast Research downgraded Pitney Bowes Inc. PBI from Buy to Neutral. Pitney Bowes shares fell 2.6 percent to $6.43 in pre-market trading.
• Craig-Hallum downgraded MACOM Technology Solutions Holdings Inc MTSI from Buy to Hold. MACOM Technology shares fell 16 percent to $15.30 in pre-market trading.
• Berenberg downgraded Estee Lauder Companies Inc EL from Buy to Hold. Estee Lauder shares fell 0.7 percent to $151.00 in pre-market trading.
• Guggenheim downgraded Paypal Holdings Inc PYPL from Buy to Neutral. PayPal shares fell 1.6 percent to $90.82 in pre-market trading.
• Cowen & Co. downgraded Celanese Corporation CE from Outperform to Market Perform. Celanese shares fell 0.6 percent to close at $98.72 on Tuesday.
• JMP Securities downgraded M/I Homes Inc MHO from Market Outperform to Market Perform. M/I Homes shares fell 1.8 percent to $28.90 in pre-market trading.

Top Initiations

• B. Riley FBR initiated coverage on CymaBay Therapeutics Inc CBAY with a Neutral rating. The price target for CymaBay Therapeutics is set to $9. CymaBay Therapeutics shares closed at $9.18 on Tuesday.
• JP Morgan initiated coverage on Everbridge Inc EVBG with a Neutral rating. The price target for Everbridge is set to $69. Everbridge shares closed at $62.98 on Tuesday.
• Buckingham initiated coverage on PolyOne Corporation POL with a Buy rating. PolyOne shares closed at $32.40 on Tuesday.
• Analysts at Macquarie initiated coverage on Marathon Petroleum Corp MPC with an Outperform rating. Marathon Petroleum shares closed at $67.18 on Tuesday.
• Leerink Swann initiated coverage on Marinus Pharmaceuticals Inc MRNS with an Outperform rating. The price target for Marinus Pharmaceuticals is set to $10. Marinus Pharmaceuticals shares closed at $3.66 on Tuesday.