Benzinga's Top Upgrades, Downgrades For April 30, 2019

Top Upgrades

• Analysts at JP Morgan upgraded JD.Com Inc JD from Neutral to Overweight. JD.com shares gained 2.3 percent to $30.55 in pre-market trading.
• Bank of America upgraded Louisiana-Pacific Corporation LPX from Neutral to Buy. Louisiana-Pacific shares fell 0.16 percent to close at $24.75 on Monday.
• Wedbush upgraded Varonis Systems Inc VRNS from Neutral to Outperform. Varonis shares rose 4.1 percent to $69.55 in pre-market trading.
• Alembic Global upgraded Northrop Grumman Corporation NOC from Neutral to Overweight. Northrop Grumman shares rose 0.7 percent to $287.89 in pre-market trading.
• Bank of America upgraded Yum China Holdings Inc YUMC from Neutral to Buy. Yum China shares rose 5.5 percent to $47.20 in pre-market trading.
• Analysts at Loop Capital upgraded Dollar General Corp. DG from Hold to Buy. Dollar General shares fell 0.05 percent to close at $125.10 on Monday.
• Jefferies upgraded ON Semiconductor Corp ON from Hold to Buy. ON Semiconductor shares rose 1.2 percent to $22.46 in pre-market trading.
• Barclays upgraded Noble Energy, Inc. NBL from Underweight to Equal-Weight. Noble Energy closed at $156.78 on Monday.
• Analysts at DZ Bank upgraded Facebook, Inc. FB from Hold to Buy. Facebook fell 0.2 percent to $194.39 in pre-market trading.
• JP Morgan upgraded Alaska Air Group, Inc. ALK from Neutral to Overweight. Alaska Air shares rose 1.6 percent to $61.51 in pre-market trading.

Top Downgrades

• Stifel Nicolaus downgraded Alphabet Inc GOOGL from Buy to Hold. Alphabet shares fell 8.2 percent to $1,189.50 in pre-market trading.
• Credit Suisse downgraded Aratana Therapeutics Inc PETX from Outperform to Neutral. Aratana Therapeutics shares closed at $4.76 on Monday.
• Bernstein downgraded Anadarko Petroleum Corporation APC from Outperform to Market Perform. Anadarko Petroleum shares fell 0.5 percent to $72.55 in pre-market trading.
• Atlantic Equities downgraded Bank of America Corp BAC from Overweight to Neutral. Bank of America shares rose 0.1 percent to $30.81 in pre-market trading.
• Bernstein downgraded Cognex Corporation CGNX from Outperform to Market Perform. Cognex shares fell 14.3 percent to $46.00 in pre-market trading.
• B. Riley downgraded Trex Company Inc TREX from Buy to Neutral. Trex shares fell 13.6 percent to $66.13 in pre-market trading.
• Bank of America downgraded MakeMyTrip Limited MMYT from Buy to Underperform. MakeMyTrip shares fell 6.6 percent to $27.00 in pre-market trading.
• RBC Capital downgraded Canadian National Railway CNI from Outperform to Sector Perform. Canadian National Railway shares fell 2 percent to $92.00 in pre-market trading.
• Credit Suisse downgraded Aluminum Corp. of China Limited ADR ACH from Neutral to Underperform. Aluminum Corporation of China shares closed at $9.86 on Monday.
• Craig-Hallum downgraded Western Digital Corp WDC from Buy to Hold. Western Digital shares fell 4.2 percent to $48.35 in pre-market trading.

Top Initiations

• B. Riley FBR initiated coverage on Seabridge Gold Inc SA with a Buy rating. The price target for Seabridge Gold is set to $22. Seabridge Gold shares closed at $11.37 on Monday.
• Analysts at Rosenblatt initiated coverage on Zoom Video Communications Inc ZM with a Neutral rating. The price target for Zoom Video is set to $60. Zoom Video closed at $68.17 on Monday.
• Roth Capital initiated coverage on Zynerba Pharmaceuticals, Inc. ZYNE with a Buy rating. Zynerba Pharmaceuticals shares closed at $11.56 on Monday.
• Macquarie initiated coverage on Rollins, Inc. ROL with a Neutral rating. Rollins shares closed at $38.90 on Monday.
• Analysts at Raymond James initiated coverage on PennantPark Investment Corporation PNNT with an Outperform rating. The price target for PennantPark Investment is set to $8. PennantPark Investment shares closed at $7.18 on Monday.
• Jefferies initiated coverage on Evelo Biosciences, Inc. EVLO with a Buy rating. The price target for Evelo Biosciences is set to $18. Evelo Biosciences shares closed at $8.44 on Monday.
• MKM Partners initiated coverage on NeoPhotonics Corporation NPTN with a Buy rating. The price target for NeoPhotonics is set to $9. NeoPhotonics shares closed at $6.51 on Monday.
• KeyBanc initiated coverage on Coupa Software Incorporated COUP with an Overweight rating. The price target for Coupa Software is set to $123. Coupa Software shares closed at $102.60 on Monday.