Benzinga's Top Upgrades, Downgrades For August 5, 2019

Upgrades

• For Builders FirstSource Inc BLDR, Evercore ISI Group upgraded the previous rating of Underperform to the current rating In-Line. Builders FirstSource earned $0.63 in the second quarter, compared to $0.54 in the year-ago quarter. The current market cap for Builders FirstSource is at $1.5 billion. The current stock performance of Builders FirstSource shows a 52-week-high of $18.91 and a 52-week-low of $10.15. Moreover, at the end of the last trading period, the closing price was at $18.87.
• For CF Industries Holdings Inc CF, Bank of America upgraded the previous rating of Underperform to the current rating Neutral. In the second quarter, CF Industries Holdings showed an EPS of $1.12, compared to $0.63 from the year-ago quarter. CF Industries Holdings's market cap stands at $9.6 billion. The stock has a 52-week-high of $56.51 and a 52-week-low of $38.90. At the end of the last trading period, CF Industries Holdings closed at $52.69.
• For Circor International Inc CIR, Stifel upgraded the previous rating of Hold to the current rating Buy. In the second quarter, Circor International showed an EPS of $0.45, compared to $0.57 from the year-ago quarter. The total market value of Circor International's outstanding shares is at $774.6 million. At the moment, the stock has a 52-week-high of $48.70 and a 52-week-low of $19.73. Circor International closed at $37.74 at the end of the last trading period.
• According to UBS, the prior rating for First Horizon National Corp FHN was changed from Sell to Buy. First Horizon National earned $0.42 in the second quarter, compared to $0.36 in the year-ago quarter. The total market value of First Horizon National's outstanding shares is at $4.9 billion. The stock has a 52-week-high of $19.01 and a 52-week-low of $12.30. At the end of the last trading period, First Horizon National closed at $15.89.
• According to Ladenburg Thalmann, the prior rating for OFS Capital Corp OFS was changed from Neutral to Buy. OFS Capital earned $0.36 in the second quarter, compared to $0.34 in the year-ago quarter. The total market value of OFS Capital's outstanding shares is at $146.7 million. The current stock performance of OFS Capital shows a 52-week-high of $12.81 and a 52-week-low of $9.53. Moreover, at the end of the last trading period, the closing price was at $11.19.
• According to Goldman Sachs, the prior rating for Owens-Illinois Inc OI was changed from Sell to Neutral. Owens-Illinois earned $0.69 in the second quarter, compared to $0.77 in the year-ago quarter. Owens-Illinois's market cap stands at $2.9 billion. At the moment, the stock has a 52-week-high of $20.78 and a 52-week-low of $12.35. Owens-Illinois closed at $12.35 at the end of the last trading period.
• Goldman Sachs upgraded the previous rating for PBF Energy Inc PBF from Sell to Neutral. For the second quarter, PBF Energy had an EPS of $0.83, compared to year-ago quarter EPS of $1.38. The current market cap for PBF Energy is at $3.3 billion. The stock has a 52-week-high of $53.91 and a 52-week-low of $23.67. At the end of the last trading period, PBF Energy closed at $24.51.
• Societe Generale upgraded the previous rating for Ferrari NV RACE from Hold to Buy. For the second quarter, Ferrari had an EPS of $1.07, compared to year-ago quarter EPS of $0.98. The current market cap for Ferrari is at $40.2 billion. The current stock performance of Ferrari shows a 52-week-high of $170.54 and a 52-week-low of $93.85. Moreover, at the end of the last trading period, the closing price was at $159.45.
• JP Morgan upgraded the previous rating for Telephone and Data Systems Inc TDS from Underweight to Neutral. In the second quarter, Telephone and Data showed an EPS of $0.28, compared to $0.29 from the year-ago quarter. Telephone and Data's market cap stands at $3.5 billion. The current stock performance of Telephone and Data shows a 52-week-high of $37.29 and a 52-week-low of $25.09. Moreover, at the end of the last trading period, the closing price was at $27.42.
• Deutsche Bank upgraded the previous rating for Target Corp TGT from Hold to Buy. Target earned $1.53 in the first quarter, compared to $1.32 in the year-ago quarter. Target's market cap stands at $42.3 billion. The current stock performance of Target shows a 52-week-high of $90.39 and a 52-week-low of $60.15. Moreover, at the end of the last trading period, the closing price was at $81.52.
• According to JP Morgan, the prior rating for United States Cellular Corp USM was changed from Underweight to Neutral. United States Cellular earned $0.35 in the second quarter, compared to $0.56 in the year-ago quarter. The total market value of United States Cellular's outstanding shares is at $3.9 billion. At the moment, the stock has a 52-week-high of $59.74 and a 52-week-low of $34.16. United States Cellular closed at $38.14 at the end of the last trading period.
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Downgrades

• Wells Fargo downgraded the previous rating for Ball Corp BLL from Outperform to Market Perform. Ball earned $0.64 in the second quarter, compared to $0.58 in the year-ago quarter. Ball's market cap stands at $6.1 billion. The stock has a 52-week-high of $76.28 and a 52-week-low of $38.00. At the end of the last trading period, Ball closed at $74.76.
• Loop Capital downgraded the previous rating for Cabot Corp CBT from Buy to Hold. Cabot earned No EPS Value in the third quarter, compared to $1.06 in the year-ago quarter. The current market cap for Cabot is at $2.4 billion. At the moment, the stock has a 52-week-high of $67.80 and a 52-week-low of $39.57. Cabot closed at $41.40 at the end of the last trading period.
• For CDW Corp CDW, JP Morgan downgraded the previous rating of Neutral to the current rating Underweight. In the second quarter, CDW showed an EPS of $1.60, compared to $1.38 from the year-ago quarter. The total market value of CDW's outstanding shares is at $17.1 billion. The stock has a 52-week-high of $120.82 and a 52-week-low of $74.32. At the end of the last trading period, CDW closed at $116.34.
• UBS downgraded the previous rating for Comerica Inc CMA from Buy to Neutral. In the second quarter, Comerica showed an EPS of $1.94, compared to $1.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $100.64 and a 52-week-low of $63.69. Comerica closed at $67.89 at the end of the last trading period.
• According to Deutsche Bank, the prior rating for Dollar Tree Inc DLTR was changed from Buy to Hold. Dollar Tree earned $1.14 in the first quarter, compared to $1.19 in the year-ago quarter. The total market value of Dollar Tree's outstanding shares is at $23.2 billion. The current stock performance of Dollar Tree shows a 52-week-high of $113.38 and a 52-week-low of $78.78. Moreover, at the end of the last trading period, the closing price was at $96.87.
• According to Ladenburg Thalmann, the prior rating for Fidus Investment Corp FDUS was changed from Buy to Neutral. In the second quarter, Fidus Inv showed an EPS of $0.34, compared to $0.36 from the year-ago quarter. The current stock performance of Fidus Inv shows a 52-week-high of $16.50 and a 52-week-low of $11.48. Moreover, at the end of the last trading period, the closing price was at $15.23.
• According to Gordon Haskett, the prior rating for Fortive Corp FTV was changed from Buy to Hold. Fortive earned $0.90 in the second quarter, compared to $0.91 in the year-ago quarter. The current market cap for Fortive is at $24.7 billion. The stock has a 52-week-high of $89.48 and a 52-week-low of $62.89. At the end of the last trading period, Fortive closed at $73.64.
• Piper Jaffray downgraded the previous rating for GlycoMimetics Inc GLYC from Overweight to Neutral. GlycoMimetics earned ($0.37) in the second quarter, compared to ($0.26) in the year-ago quarter. The total market value of GlycoMimetics's outstanding shares is at $399.4 million. At the moment, the stock has a 52-week-high of $17.07 and a 52-week-low of $8.29. GlycoMimetics closed at $9.13 at the end of the last trading period.
• SunTrust Robinson Humphrey downgraded the previous rating for GlycoMimetics Inc GLYC from Buy to Hold. GlycoMimetics earned ($0.37) in the second quarter, compared to ($0.26) in the year-ago quarter. The total market value of GlycoMimetics's outstanding shares is at $399.4 million. The stock has a 52-week-high of $17.07 and a 52-week-low of $8.29. At the end of the last trading period, GlycoMimetics closed at $9.13.
• For GlycoMimetics Inc GLYC, Jefferies downgraded the previous rating of Buy to the current rating Hold. For the second quarter, GlycoMimetics had an EPS of ($0.37), compared to year-ago quarter EPS of ($0.26). The total market value of GlycoMimetics's outstanding shares is at $399.4 million. The current stock performance of GlycoMimetics shows a 52-week-high of $17.07 and a 52-week-low of $8.29. Moreover, at the end of the last trading period, the closing price was at $9.13.
• Raymond James downgraded the previous rating for Jernigan Capital Inc JCAP from Outperform to Market Perform. In the second quarter, Jernigan Capital showed an EPS of $0.65, compared to $0.64 from the year-ago quarter. The total market value of Jernigan Capital's outstanding shares is at $122.8 million. The current stock performance of Jernigan Capital shows a 52-week-high of $22.20 and a 52-week-low of $18.42. Moreover, at the end of the last trading period, the closing price was at $20.60.
• RBC Capital downgraded the previous rating for Mercer International Inc MERC from Outperform to Sector Perform. For the second quarter, Mercer International had an EPS of $0.16, compared to year-ago quarter EPS of $0.26. The total market value of Mercer International's outstanding shares is at $646.9 million. The current stock performance of Mercer International shows a 52-week-high of $19.14 and a 52-week-low of $9.36. Moreover, at the end of the last trading period, the closing price was at $12.33.
• For Orion Engineered Carbons SA OEC, Loop Capital downgraded the previous rating of Buy to the current rating Hold. For the second quarter, Orion Engineered Carbons had an EPS of $0.53, compared to year-ago quarter EPS of $0.69. The total market value of Orion Engineered Carbons's outstanding shares is at $1.1 billion. The stock has a 52-week-high of $36.55 and a 52-week-low of $15.18. At the end of the last trading period, Orion Engineered Carbons closed at $15.44.
• For Prudential Financial Inc PRU, Citi downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, Prudential Financial showed an EPS of $3.14, compared to $3.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $106.64 and a 52-week-low of $75.61. Prudential Financial closed at $88.49 at the end of the last trading period.
• For South Jersey Industries Inc SJI, JP Morgan downgraded the previous rating of Overweight to the current rating Neutral. South Jersey Indus earned $1.09 in the first quarter, compared to $1.26 in the year-ago quarter. South Jersey Indus's market cap stands at $3.1 billion. At the moment, the stock has a 52-week-high of $36.72 and a 52-week-low of $26.06. South Jersey Indus closed at $33.86 at the end of the last trading period.
• According to UBS, the prior rating for Texas Capital Bancshares Inc TCBI was changed from Neutral to Sell. For the second quarter, Texas Capital Bancshares had an EPS of $1.50, compared to year-ago quarter EPS of $1.38. Texas Capital Bancshares's market cap stands at $2.9 billion. At the moment, the stock has a 52-week-high of $94.95 and a 52-week-low of $47.86. Texas Capital Bancshares closed at $58.59 at the end of the last trading period.
• For TTM Technologies Inc TTMI, JP Morgan downgraded the previous rating of Overweight to the current rating Neutral. In the second quarter, TTM Technologies showed an EPS of $0.20, compared to $0.48 from the year-ago quarter. TTM Technologies's market cap stands at $1.2 billion. At the moment, the stock has a 52-week-high of $19.91 and a 52-week-low of $8.49. TTM Technologies closed at $11.66 at the end of the last trading period.
• For Williams Companies Inc WMB, Bernstein downgraded the previous rating of Outperform to the current rating Market Perform. Williams Companies earned $0.26 in the second quarter, compared to $0.17 in the year-ago quarter. Williams Companies's market cap stands at $22.4 billion. The stock has a 52-week-high of $32.22 and a 52-week-low of $20.36. At the end of the last trading period, Williams Companies closed at $25.01.
• SunTrust Robinson Humphrey downgraded the previous rating for WideOpenWest Inc WOW from Buy to Hold. For the second quarter, WideOpenWest had an EPS of $0.22, compared to year-ago quarter EPS of $0.39. The total market value of WideOpenWest's outstanding shares is at $629.6 million. The stock has a 52-week-high of $12.91 and a 52-week-low of $6.40. At the end of the last trading period, WideOpenWest closed at $7.33.
• For XPO Logistics Inc XPO, Loop Capital downgraded the previous rating of Buy to the current rating Hold. For the second quarter, XPO Logistics had an EPS of $1.28, compared to year-ago quarter EPS of $0.98. XPO Logistics's market cap stands at $3.3 billion. At the moment, the stock has a 52-week-high of $116.27 and a 52-week-low of $41.05. XPO Logistics closed at $71.90 at the end of the last trading period.

Initiations

• Barclays initiated coverage on Apollo Global Management LLC APO with an Overweight rating. The price target for Apollo Global Mgmt is set at $45.00. In the second quarter, Apollo Global Mgmt showed an EPS of $0.75, compared to $0.27 from the year-ago quarter. The total market value of Apollo Global Mgmt's outstanding shares is at $12.7 billion. The stock has a 52-week-high of $36.49 and a 52-week-low of $22.63. At the end of the last trading period, Apollo Global Mgmt closed at $31.52.
• With a rating of Overweight, Barclays initiated coverage on Ares Management Corp ARES. The price target is set at $33.00 for Ares Management. Ares Management earned $0.32 in the second quarter, compared to $0.34 in the year-ago quarter. The current market cap for Ares Management is at $4.1 billion. The stock has a 52-week-high of $29.53 and a 52-week-low of $16.18. At the end of the last trading period, Ares Management closed at $28.72.
• Piper Jaffray initiated coverage on Alphatec Holdings Inc ATEC with an Overweight rating. The price target for Alphatec Holdings is set at $7.00. For the second quarter, Alphatec Holdings had an EPS of ($0.26), compared to year-ago quarter EPS of ($0.21). The total market value of Alphatec Holdings's outstanding shares is at $227.3 million. At the moment, the stock has a 52-week-high of $5.46 and a 52-week-low of $1.18. Alphatec Holdings closed at $4.80 at the end of the last trading period.
• With a rating of Buy, Jefferies initiated coverage on Alibaba Group Holding Ltd BABA. The price target is set at $216.00 for Alibaba Group Holding. Alibaba Group Holding earned $1.28 in the fourth quarter, compared to $0.91 in the year-ago quarter. Alibaba Group Holding's market cap stands at $431.2 billion. At the moment, the stock has a 52-week-high of $195.72 and a 52-week-low of $129.77. Alibaba Group Holding closed at $160.96 at the end of the last trading period.
• Jefferies initiated coverage on Baidu Inc BIDU with a Buy rating. The price target for Baidu is set at $132.00. Baidu earned $0.41 in the first quarter, compared to $2.60 in the year-ago quarter. The total market value of Baidu's outstanding shares is at $38.2 billion. The stock has a 52-week-high of $237.50 and a 52-week-low of $106.80. At the end of the last trading period, Baidu closed at $107.76.
• Jefferies initiated coverage on Bilibili Inc BILI with a Buy rating. The price target for Bilibili is set at $17.90. Interestingly, in the first quarter, Bilibili's EPS was ($0.06). The current market cap for Bilibili is at $4.8 billion. The stock has a 52-week-high of $21.50 and a 52-week-low of $9.09. At the end of the last trading period, Bilibili closed at $14.72.
• With a rating of Overweight, Barclays initiated coverage on Blackstone Group Inc BX. The price target is set at $56.00 for Blackstone Group. For the second quarter, Blackstone Group had an EPS of $0.45, compared to year-ago quarter EPS of $0.90. The total market value of Blackstone Group's outstanding shares is at $56.0 billion. The current stock performance of Blackstone Group shows a 52-week-high of $49.81 and a 52-week-low of $26.88. Moreover, at the end of the last trading period, the closing price was at $46.67.
• With a rating of Buy, Jefferies initiated coverage on Baozun Inc BZUN. The price target is set at $59.20 for Baozun. Baozun earned $0.13 in the first quarter, compared to $0.09 in the year-ago quarter. The total market value of Baozun's outstanding shares is at $2.7 billion. The current stock performance of Baozun shows a 52-week-high of $58.66 and a 52-week-low of $27.81. Moreover, at the end of the last trading period, the closing price was at $45.36.
• Barclays initiated coverage on The Carlyle Group LP CG with a Equal-Weight rating. The price target for Carlyle Group is set at $25.00. In the second quarter, Carlyle Group earned $1.23. The total market value of Carlyle Group's outstanding shares is at $7.9 billion. The stock has a 52-week-high of $25.99 and a 52-week-low of $15.09. At the end of the last trading period, Carlyle Group closed at $22.95.
• With a rating of Underperform, Jefferies initiated coverage on Cheetah Mobile Inc CMCM. The price target is set at $2.90 for Cheetah Mobile. For the first quarter, Cheetah Mobile had an EPS of $0.03, compared to year-ago quarter EPS of $0.08. The total market value of Cheetah Mobile's outstanding shares is at $435.5 million. The stock has a 52-week-high of $11.35 and a 52-week-low of $3.11. At the end of the last trading period, Cheetah Mobile closed at $3.13.
• With a rating of Buy, Jefferies initiated coverage on Ctrip.com International Ltd CTRP. The price target is set at $47.50 for Ctrip.com International. For the first quarter, Ctrip.com International had an EPS of $0.44, compared to year-ago quarter EPS of $0.55. The current stock performance of Ctrip.com International shows a 52-week-high of $46.50 and a 52-week-low of $25.00. Moreover, at the end of the last trading period, the closing price was at $36.44.
• Jefferies initiated coverage on Changyou.com Ltd CYOU with an Underperform rating. The price target for Changyou.com is set at $6.90. In the second quarter, Changyou.com showed an EPS of $0.27, compared to $0.52 from the year-ago quarter. The total market value of Changyou.com's outstanding shares is at $420.1 million. The stock has a 52-week-high of $22.27 and a 52-week-low of $7.50. At the end of the last trading period, Changyou.com closed at $7.53.
• With a rating of Neutral, DA Davidson initiated coverage on Flowers Foods Inc FLO. The price target is set at $24.00 for Flowers Foods. In the first quarter, Flowers Foods showed an EPS of $0.32, compared to $0.30 from the year-ago quarter. Flowers Foods's market cap stands at $5.0 billion. At the moment, the stock has a 52-week-high of $24.09 and a 52-week-low of $17.78. Flowers Foods closed at $23.96 at the end of the last trading period.
• Jefferies initiated coverage on HUYA Inc HUYA with a Buy rating. The price target for HUYA is set at $26.80. HUYA earned $0.09 in the first quarter. The total market value of HUYA's outstanding shares is at $4.5 billion. At the moment, the stock has a 52-week-high of $34.34 and a 52-week-low of $14.44. HUYA closed at $21.02 at the end of the last trading period.
• Jefferies initiated coverage on iQIYI Inc IQ with a Buy rating. The price target for iQIYI is set at $21.80. Interestingly, in the first quarter, iQIYI's EPS was ($0.35). The total market value of iQIYI's outstanding shares is at $12.9 billion. The current stock performance of iQIYI shows a 52-week-high of $32.46 and a 52-week-low of $14.35. Moreover, at the end of the last trading period, the closing price was at $17.46.
• With a rating of Buy, Jefferies initiated coverage on JD.com Inc JD. The price target is set at $36.50 for JD.com. JD.com earned $0.33 in the first quarter, compared to $0.11 in the year-ago quarter. JD.com's market cap stands at $47.9 billion. The current stock performance of JD.com shows a 52-week-high of $36.80 and a 52-week-low of $19.21. Moreover, at the end of the last trading period, the closing price was at $28.01.
• With a rating of Equal-Weight, Barclays initiated coverage on KKR & Co Inc KKR. The price target is set at $29.00 for KKR & Co. In the second quarter, KKR & Co showed an EPS of $0.39, compared to $0.49 from the year-ago quarter. The total market value of KKR & Co's outstanding shares is at $21.6 billion. At the moment, the stock has a 52-week-high of $28.73 and a 52-week-low of $18.30. KKR & Co closed at $25.13 at the end of the last trading period.
• H.C. Wainwright initiated coverage on MediWound Ltd MDWD with a Buy rating. The price target for MediWound is set at $5.50. MediWound earned ($0.15) in the first quarter, compared to ($0.17) in the year-ago quarter. MediWound's market cap stands at $70.3 million. At the moment, the stock has a 52-week-high of $6.75 and a 52-week-low of $2.55. MediWound closed at $2.59 at the end of the last trading period.
• Jefferies initiated coverage on Momo Inc MOMO with a Buy rating. The price target for Momo is set at $40.40. For the first quarter, Momo had an EPS of $0.62, compared to year-ago quarter EPS of $0.69. The total market value of Momo's outstanding shares is at $6.5 billion. At the moment, the stock has a 52-week-high of $49.38 and a 52-week-low of $22.85. Momo closed at $31.01 at the end of the last trading period.
• With a rating of Buy, Jefferies initiated coverage on NetEase Inc NTES. The price target is set at $274.60 for NetEase. In the first quarter, NetEase showed an EPS of $3.48, compared to $1.61 from the year-ago quarter. The total market value of NetEase's outstanding shares is at $28.7 billion. At the moment, the stock has a 52-week-high of $289.69 and a 52-week-low of $184.60. NetEase closed at $219.70 at the end of the last trading period.
• With a rating of Buy, Jefferies initiated coverage on Pinduoduo Inc PDD. The price target is set at $26.90 for Pinduoduo. Pinduoduo earned ($0.20) in the first quarter. The current market cap for Pinduoduo is at $26.3 billion. At the moment, the stock has a 52-week-high of $31.99 and a 52-week-low of $16.53. Pinduoduo closed at $22.99 at the end of the last trading period.
• With a rating of Buy, Jefferies initiated coverage on Secoo Holding Ltd SECO. The price target is set at $9.50 for Secoo Holding. Secoo Holding earned $0.05 in the first quarter, compared to $0.10 in the year-ago quarter. The current market cap for Secoo Holding is at $376.8 million. The stock has a 52-week-high of $15.48 and a 52-week-low of $6.65. At the end of the last trading period, Secoo Holding closed at $7.33.
• For SINA Corp SINA, Jefferies initiated coverage, by setting the current rating at Hold. For the first quarter, SINA had an EPS of $0.40, compared to year-ago quarter EPS of $0.47. SINA's market cap stands at $2.5 billion. The stock has a 52-week-high of $85.05 and a 52-week-low of $36.57. At the end of the last trading period, SINA closed at $37.30.
• With a rating of Hold, Jefferies initiated coverage on Sogou Inc SOGO. The price target is set at $3.90 for Sogou. Sogou earned $0.07 in the second quarter. The total market value of Sogou's outstanding shares is at $1.5 billion. The stock has a 52-week-high of $9.49 and a 52-week-low of $3.73. At the end of the last trading period, Sogou closed at $3.87.
• Jefferies initiated coverage on Tencent Holdings Ltd TCEHY with a Buy rating. Tencent Holdings earned $0.32 in the first quarter. Tencent Holdings's market cap stands at $451.6 billion. The stock has a 52-week-high of $51.24 and a 52-week-low of $31.54. At the end of the last trading period, Tencent Holdings closed at $44.89.
• With a rating of Buy, Jefferies initiated coverage on Tencent Music Entertainment Group TME. The price target is set at $16.90 for Tencent Music. Tencent Music earned $0.11 in the first quarter. Tencent Music's market cap stands at $22.8 billion. At the moment, the stock has a 52-week-high of $19.97 and a 52-week-low of $11.81. Tencent Music closed at $14.12 at the end of the last trading period.
• With a rating of Hold, Jefferies initiated coverage on Vipshop Holdings Ltd VIPS. The price target is set at $8.50 for Vipshop Holdings. For the first quarter, Vipshop Holdings had an EPS of $0.18, compared to year-ago quarter EPS of $0.17. Vipshop Holdings's market cap stands at $8.3 billion. At the moment, the stock has a 52-week-high of $9.53 and a 52-week-low of $4.30. Vipshop Holdings closed at $7.20 at the end of the last trading period.
• With a rating of Hold, Jefferies initiated coverage on Weibo Corp WB. The price target is set at $43.60 for Weibo. Weibo earned $0.56 in the first quarter, compared to $0.50 in the year-ago quarter. The current market cap for Weibo is at $8.3 billion. At the moment, the stock has a 52-week-high of $90.00 and a 52-week-low of $36.41. Weibo closed at $37.76 at the end of the last trading period.
• With a rating of Buy, Jefferies initiated coverage on 58.com Inc WUBA. The price target is set at $66.40 for 58.com. For the first quarter, 58.com had an EPS of $0.43, compared to year-ago quarter EPS of $0.33. The current market cap for 58.com is at $8.2 billion. The current stock performance of 58.com shows a 52-week-high of $77.60 and a 52-week-low of $50.30. Moreover, at the end of the last trading period, the closing price was at $53.80.
• Jefferies initiated coverage on YY Inc YY with a Buy rating. The price target for YY is set at $76.10. YY earned $1.38 in the first quarter, compared to $1.72 in the year-ago quarter. The current market cap for YY is at $4.8 billion. At the moment, the stock has a 52-week-high of $92.44 and a 52-week-low of $55.55. YY closed at $60.44 at the end of the last trading period.