Benzinga's Top Upgrades, Downgrades For April 30, 2020

Upgrades

• Stifel upgraded Southwest Airlines Co. LUV from Hold to Buy. Southwest shares closed at $30.97 on Wednesday.
• Pivotal Research upgraded Facebook, Inc. FB from Sell to Hold. Facebook shares closed at $194.19 on Wednesday.
• Baird upgraded C.H. Robinson Worldwide, Inc. CHRW from Neutral to Outperform. C.H. Robinson shares closed at $71.26 on Wednesday.
• SunTrust Robinson Humphrey upgraded Medpace Holdings, Inc. MEDP from Sell to Hold. Medpace shares closed at $84.33 on Wednesday.
• Analysts at Credit Suisse upgraded Mercer International Inc. MERC from Neutral to Outperform. Mercer shares closed at $9.62 on Wednesday.
• CFRA upgraded Marsh & McLennan Companies, Inc. MMC from Hold to Buy. Marsh & McLennan shares closed at $94.62 on Wednesday.

Downgrades

• JP Morgan downgraded Zebra Technologies Corporation ZBRA from Overweight to Neutral. Zebra Technologies shares closed at $244.97 on Wednesday.
• HSBC downgraded Schlumberger Limited SLB from Buy to Hold. Schlumberger shares closed at $18.20 on Wednesday.
• Loop Capital downgraded Dollar General Corporation DG from Buy to Hold. Dollar General shares closed at $174.80 on Wednesday.
• Piper Sandler downgraded ServiceNow, Inc. NOW from Overweight to Neutral. ServiceNow shares closed at $321.99 on Wednesday.
• Canaccord Genuity downgraded Shopify Inc. SHOP from Buy to Hold. Shopify shares closed at $639.99 on Wednesday.
• CFRA downgraded Exxon Mobil Corporation XOM from Hold to Sell. Exxon Mobil shares closed at $47.46 on Wednesday.

Initiations

• BMO Capital initiated coverage on Moderna, Inc. MRNA with an Outperform rating. The price target for Moderna is set to $83. Moderna closed at $46.37 on Wednesday.
• Analysts at Baird initiated coverage on Trex Company, Inc. TREX with a Neutral rating. The price target for Trex is set to $100. Trex shares closed at $99.80 on Wednesday.
• Morgan Stanley initiated coverage on DraftKings Inc. DKNG with an Overweight rating. The price target for DraftKings is set to $23. DraftKings shares closed at $19.40 on Wednesday.
• Analysts at Roth Capital initiated coverage on Celsius Holdings, Inc. CELH with a Buy rating. The price target for Celsius is set to $10. Celsius Holdings shares closed at $4.94 on Wednesday.
• Analysts at Nomura Instinet initiated coverage on Carvana Co. CVNA with a Neutral rating. The price target for Carvana is set to $89. Carvana shares closed at $84.89 on Wednesday.