Benzinga's Top Upgrades, Downgrades For March 7, 2019

Top Upgrades

• JP Morgan upgraded Estee Lauder Companies Inc EL from Neutral to Overweight. Estee Lauder shares rose 1.4 percent to $155.97 in pre-market trading.
• Seaport Global upgraded World Fuel Services Corp INT from Neutral to Buy. World Fuel Services shares fell 3.13 percent to close at $27.52 on Wednesday.
• JP Morgan upgraded Abercrombie & Fitch Co. ANF from Underweight to Neutral. Abercrombie & Fitch shares rose 0.6 percent to $25.85 in pre-market trading.
• Macquarie upgraded Installed Building Products Inc IBP from Neutral to Outperform. Installed Building Prods shares fell 1.36 percent to close at $45.65 on Wednesday.
• Macquarie upgraded Baytex Energy Corp BTE from Neutral to Outperform. Baytex Energy shares rose 4.6 percent to $1.81 in pre-market trading.
• Zelman upgraded Armstrong World Industries Inc AWI from Sell to Hold. Armstrong World shares rose 0.2 percent to $73.05 in pre-market trading.
• JP Morgan upgraded Taylor Morrison Home Corp TMHC from Neutral to Overweight. Taylor Morrison Home shares fell 2.95 percent to close at $16.13 on Wednesday.

Top Downgrades

• JP Morgan downgraded Toll Brothers Inc TOL from Neutral to Underweight. Toll Brothers shares fell 0.7 percent to $34.57 in pre-market trading.
• Societe Generale downgraded Rio Tinto plc ADR RIO from Hold to Sell. Rio Tinto shares fell 6.7 percent to $55.23 in pre-market trading.
• Baird downgraded Sunoco LP SUN from Outperform to Neutral. Sunoco shares fell 2.6 percent to $29.00 in pre-market trading.
• JP Morgan downgraded Meritage Homes Corp MTH from Neutral to Underweight. Meritage Homes shares fell 1.6 percent to $41.85 in pre-market trading.
• Barclays downgraded Nextera Energy Partners LP NEP from Overweight to Equal-Weight. NextEra Energy Partners shares rose 1.21 percent to close at $45.18 on Wednesday.
• Baird downgraded Green Plains Partners LP GPP from Outperform to Neutral. Green Plains Partners shares fell 0.65 percent to close at $15.96 on Wednesday.
• Mizuho downgraded Federal Realty Investment Trust FRT from Buy to Neutral. Federal Realty Investment shares fell 1.21 percent to close at $132.77 on Wednesday.

Top Initiations

• Analysts at Credit Suisse initiated coverage on PepsiCo, Inc. PEP with an Underperform rating. The price target for PepsiCo is set to $100. PepsiCo shares closed at $116.66 on Wednesday.
• UBS initiated coverage on Pearson PLC PSO with a Neutral rating. Pearson shares closed at $10.89 on Wednesday.
• Berenberg initiated coverage on Zebra Technologies Corp. ZBRA with a Buy rating. Zebra Technologies shares closed at $201.24 on Wednesday.
• H.C. Wainwright initiated coverage on Gritstone Oncology Inc GRTS with a Buy rating. The price target for Gritstone Oncology is set to $17. Gritstone Oncology shares closed at $11.64 on Wednesday.
• Evercore ISI Group initiated coverage on LivePerson, Inc. LPSN with an Outperform rating. LivePerson shares closed at $26.33 on Wednesday.
• Cantor Fitzgerald initiated coverage on Chiasma Inc CHMA with an Overweight rating. Chiasma shares closed at $5.84 on Wednesday.
• Credit Suisse initiated coverage on The Coca-Cola Co KO with a Neutral rating. The price target for Coca-Cola is set to $48. Coca-Cola shares closed at $45.45 on Wednesday.
• Analysts at Oppenheimer initiated coverage on Five Below Inc FIVE with an Outperform rating. The price target for Five Below is set to $140. Five Below shares closed at $114.87 on Wednesday.
• Stephens & Co. initiated coverage on Columbia Banking System Inc COLB with an Equal-Weight rating. The price target for Columbia Banking is set to $39. Columbia Banking shares closed at $36.65 on Wednesday.
• Analysts at Credit Suisse initiated coverage on Clorox Co CLX with an Outperform rating. The price target for Clorox is set to $172. Clorox shares closed at $156.84 on Wednesday.