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

Upgrades

• According to Mizuho, the prior rating for Apartment Investment & Management Co AIV was changed from Neutral to Buy. Apartment Inv & Mgmt earned $0.60 in the second quarter, compared to $0.61 in the year-ago quarter. The current market cap for Apartment Inv & Mgmt is at $7.1 billion. The stock has a 52-week-high of $52.49 and a 52-week-low of $43.03. At the end of the last trading period, Apartment Inv & Mgmt closed at $48.79.
• For Brunello Cucinelli SpA BCUCF, Jefferies upgraded the previous rating of Hold to the current rating Buy. The current market cap for Brunello Cucinelli is at $1.1 billion. The current stock performance of Brunello Cucinelli shows a 52-week-high of $44.03 and a 52-week-low of $30.25. Moreover, at the end of the last trading period, the closing price was at $33.30.
• For Chemung Financial Corp CHMG, Janney Capital upgraded the previous rating of Neutral to the current rating Buy. In the second quarter, Chemung Financial showed an EPS of $1.02, compared to $0.68 from the year-ago quarter. The total market value of Chemung Financial's outstanding shares is at $209.5 million. At the moment, the stock has a 52-week-high of $51.00 and a 52-week-low of $36.87. Chemung Financial closed at $42.00 at the end of the last trading period.
• According to Bernstein, the prior rating for Cigna Corp CI was changed from Market Perform to Outperform. For the second quarter, Cigna had an EPS of $4.30, compared to year-ago quarter EPS of $3.89. Cigna's market cap stands at $59.7 billion. At the moment, the stock has a 52-week-high of $226.60 and a 52-week-low of $141.95. Cigna closed at $159.00 at the end of the last trading period.
• Credit Suisse upgraded the previous rating for BanColombia SA CIB from Underperform to Neutral. For the first quarter, BanColombia had an EPS of $1.09, compared to year-ago quarter EPS of $0.78. The total market value of BanColombia's outstanding shares is at $11.5 billion. The stock has a 52-week-high of $55.40 and a 52-week-low of $35.52. At the end of the last trading period, BanColombia closed at $46.39.
• For BanColombia SA CIB, JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. In the first quarter, BanColombia showed an EPS of $1.09, compared to $0.78 from the year-ago quarter. The current market cap for BanColombia is at $11.5 billion. The current stock performance of BanColombia shows a 52-week-high of $55.40 and a 52-week-low of $35.52. Moreover, at the end of the last trading period, the closing price was at $46.39.
• For Ducommun Inc DCO, Noble Capital upgraded the previous rating of Market Perform to the current rating Outperform. Ducommun earned $0.66 in the second quarter, compared to $0.37 in the year-ago quarter. Ducommun's market cap stands at $482.4 million. The current stock performance of Ducommun shows a 52-week-high of $52.04 and a 52-week-low of $31.05. Moreover, at the end of the last trading period, the closing price was at $39.33.
• For EverQuote Inc EVER, Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. EverQuote earned ($0.08) in the second quarter, compared to ($3.10) in the year-ago quarter. The total market value of EverQuote's outstanding shares is at $368.4 million. At the moment, the stock has a 52-week-high of $17.20 and a 52-week-low of $4.05. EverQuote closed at $13.20 at the end of the last trading period.
• Morgan Stanley upgraded the previous rating for Ford Motor Co F from Equal-Weight to Overweight. For the second quarter, Ford Motor had an EPS of $0.32, compared to year-ago quarter EPS of $0.27. Ford Motor's market cap stands at $37.1 billion. At the moment, the stock has a 52-week-high of $10.56 and a 52-week-low of $7.41. Ford Motor closed at $9.23 at the end of the last trading period.
• For Investors Bancorp Inc ISBC, Janney Capital upgraded the previous rating of Neutral to the current rating Buy. In the second quarter, Investors Bancorp showed an EPS of $0.18, compared to $0.20 from the year-ago quarter. Investors Bancorp's market cap stands at $3.0 billion. The stock has a 52-week-high of $13.12 and a 52-week-low of $9.94. At the end of the last trading period, Investors Bancorp closed at $11.02.
• For Northrop Grumman Corp NOC, Morgan Stanley upgraded the previous rating of Equal-Weight to the current rating Overweight. In the second quarter, Northrop Grumman showed an EPS of $5.06, compared to $3.93 from the year-ago quarter. The total market value of Northrop Grumman's outstanding shares is at $51.9 billion. At the moment, the stock has a 52-week-high of $358.96 and a 52-week-low of $223.63. Northrop Grumman closed at $342.81 at the end of the last trading period.
• According to MKM Partners, the prior rating for NeoPhotonics Corp NPTN was changed from Neutral to Buy. For the second quarter, NeoPhotonics had an EPS of ($0.03), compared to year-ago quarter EPS of ($0.14). NeoPhotonics's market cap stands at $208.6 million. The stock has a 52-week-high of $9.48 and a 52-week-low of $3.26. At the end of the last trading period, NeoPhotonics closed at $4.32.
• For Insulet Corp PODD, JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. Insulet earned $0.02 in the second quarter, compared to ($0.03) in the year-ago quarter. Insulet's market cap stands at $6.1 billion. At the moment, the stock has a 52-week-high of $126.71 and a 52-week-low of $70.80. Insulet closed at $117.93 at the end of the last trading period.

Downgrades

• According to Jefferies, the prior rating for Arch Coal Inc ARCH was changed from Buy to Hold. For the second quarter, Arch Coal had an EPS of $3.53, compared to year-ago quarter EPS of $2.26. Arch Coal's market cap stands at $1.2 billion. The stock has a 52-week-high of $101.92 and a 52-week-low of $75.25. At the end of the last trading period, Arch Coal closed at $77.19.
• Jefferies downgraded the previous rating for BHP Group PLC BBL from Buy to Hold. BHP Gr's market cap stands at $118.9 billion. The current stock performance of BHP Gr shows a 52-week-high of $51.87 and a 52-week-low of $38.04. Moreover, at the end of the last trading period, the closing price was at $43.57.
• According to Jefferies, the prior rating for Peabody Energy Corp BTU was changed from Buy to Hold. In the second quarter, Peabody Energy showed an EPS of $0.40, compared to $0.93 from the year-ago quarter. Peabody Energy's market cap stands at $1.9 billion. The current stock performance of Peabody Energy shows a 52-week-high of $44.71 and a 52-week-low of $17.66. Moreover, at the end of the last trading period, the closing price was at $18.05.
• According to UBS, the prior rating for Anheuser-Busch InBev SA/NV BUD was changed from Buy to Neutral. Anheuser-Busch InBev earned $1.16 in the second quarter, compared to $1.10 in the year-ago quarter. The total market value of Anheuser-Busch InBev's outstanding shares is at $203.4 billion. The current stock performance of Anheuser-Busch InBev shows a 52-week-high of $102.70 and a 52-week-low of $64.55. Moreover, at the end of the last trading period, the closing price was at $98.19.
• DA Davidson downgraded the previous rating for Cars.com Inc CARS from Buy to Neutral. In the second quarter, Cars.com showed an EPS of $0.30, compared to $0.48 from the year-ago quarter. The total market value of Cars.com's outstanding shares is at $1.2 billion. The current stock performance of Cars.com shows a 52-week-high of $29.54 and a 52-week-low of $10.30. Moreover, at the end of the last trading period, the closing price was at $11.82.
• For Cars.com Inc CARS, Barrington Research downgraded the previous rating of Outperform to the current rating Market Perform. For the second quarter, Cars.com had an EPS of $0.30, compared to year-ago quarter EPS of $0.48. Cars.com's market cap stands at $1.2 billion. At the moment, the stock has a 52-week-high of $29.54 and a 52-week-low of $10.30. Cars.com closed at $11.82 at the end of the last trading period.
• According to Argus, the prior rating for The Chemours Co CC was changed from Buy to Hold. For the second quarter, Chemours had an EPS of $0.72, compared to year-ago quarter EPS of $1.71. The current stock performance of Chemours shows a 52-week-high of $48.30 and a 52-week-low of $13.63. Moreover, at the end of the last trading period, the closing price was at $13.78.
• For CONSOL Coal Resources LP CCR, Jefferies downgraded the previous rating of Buy to the current rating Hold. In the second quarter, CONSOL Coal Resources showed an EPS of No EPS Value , compared to $0.69 from the year-ago quarter. The total market value of CONSOL Coal Resources's outstanding shares is at $444.6 million. At the moment, the stock has a 52-week-high of $21.12 and a 52-week-low of $14.58. CONSOL Coal Resources closed at $15.41 at the end of the last trading period.
• Roth Capital downgraded the previous rating for Clarus Corp CLAR from Buy to Neutral. For the second quarter, Clarus had an EPS of $0.05, compared to year-ago quarter EPS of $0.09. The current market cap for Clarus is at $418.4 million. The stock has a 52-week-high of $15.10 and a 52-week-low of $8.74. At the end of the last trading period, Clarus closed at $13.37.
• According to Morgan Stanley, the prior rating for Concho Resources Inc CXO was changed from Overweight to Underweight. For the second quarter, Concho Resources had an EPS of $0.69, compared to year-ago quarter EPS of $1.24. At the moment, the stock has a 52-week-high of $160.81 and a 52-week-low of $69.65. Concho Resources closed at $70.23 at the end of the last trading period.
• Raymond James downgraded the previous rating for FBL Financial Group Inc FFG from Market Perform to Underperform. For the second quarter, FBL Financial Group had an EPS of $1.28, compared to year-ago quarter EPS of $1.31. The current stock performance of FBL Financial Group shows a 52-week-high of $84.53 and a 52-week-low of $58.23. Moreover, at the end of the last trading period, the closing price was at $59.48.
• Noble Capital downgraded the previous rating for Gannett Co Inc GCI from Outperform to Market Perform. Gannett earned $0.21 in the second quarter, compared to $0.31 in the year-ago quarter. The total market value of Gannett's outstanding shares is at $1.1 billion. At the moment, the stock has a 52-week-high of $11.99 and a 52-week-low of $7.41. Gannett closed at $11.04 at the end of the last trading period.
• For Warrior Met Coal Inc HCC, Jefferies downgraded the previous rating of Buy to the current rating Hold. Warrior Met Coal earned $2.16 in the second quarter, compared to $1.81 in the year-ago quarter. The total market value of Warrior Met Coal's outstanding shares is at $1.1 billion. The current stock performance of Warrior Met Coal shows a 52-week-high of $33.49 and a 52-week-low of $20.64. Moreover, at the end of the last trading period, the closing price was at $21.48.
• According to Cowen & Co., the prior rating for Leaf Group Ltd LEAF was changed from Outperform to Market Perform. In the second quarter, Leaf Group showed an EPS of ($0.26), compared to ($0.23) from the year-ago quarter. The current market cap for Leaf Group is at $156.1 million. The stock has a 52-week-high of $11.43 and a 52-week-low of $5.65. At the end of the last trading period, Leaf Group closed at $5.68.
• Jefferies downgraded the previous rating for Ramaco Resources Inc METC from Buy to Hold. In the first quarter, Ramaco Resources showed an EPS of $0.17, compared to $0.13 from the year-ago quarter. The current market cap for Ramaco Resources is at $174.3 million. The current stock performance of Ramaco Resources shows a 52-week-high of $8.94 and a 52-week-low of $4.00. Moreover, at the end of the last trading period, the closing price was at $4.05.
• According to Buckingham Research, the prior rating for nVent Electric PLC NVT was changed from Buy to Neutral. Interestingly, in the second quarter, nVent Electric's EPS was $0.44. nVent Electric's market cap stands at $3.9 billion. The stock has a 52-week-high of $29.84 and a 52-week-low of $19.71. At the end of the last trading period, nVent Electric closed at $20.79.
• For Pinduoduo Inc PDD, 86 Research downgraded the previous rating of Hold to the current rating Sell. Pinduoduo earned ($0.20) in the first quarter. Pinduoduo's market cap stands 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 $22.17 at the end of the last trading period.
• Jefferies downgraded the previous rating for Rio Tinto PLC RIO from Buy to Hold. The total market value of Rio Tinto's outstanding shares is at $52.8 billion. The stock has a 52-week-high of $64.02 and a 52-week-low of $44.62. At the end of the last trading period, Rio Tinto closed at $52.14.
• Compass Point downgraded the previous rating for RE/MAX Holdings Inc RMAX from Buy to Neutral. For the second quarter, RE/MAX Hldgs had an EPS of $0.65, compared to year-ago quarter EPS of $0.62. The current market cap for RE/MAX Hldgs is at $513.4 million. The current stock performance of RE/MAX Hldgs shows a 52-week-high of $50.90 and a 52-week-low of $25.68. Moreover, at the end of the last trading period, the closing price was at $27.24.
• CLSA downgraded the previous rating for Sea Ltd SE from Buy to Outperform. Interestingly, in the fourth quarter, Sea's EPS was ($0.81). The total market value of Sea's outstanding shares is at $15.7 billion. At the moment, the stock has a 52-week-high of $38.00 and a 52-week-low of $10.52. Sea closed at $34.02 at the end of the last trading period.
• Atlantic Equities downgraded the previous rating for S&P Global Inc SPGI from Overweight to Neutral. S&P Global earned $2.43 in the second quarter, compared to $2.17 in the year-ago quarter. S&P Global's market cap stands at $12.5 billion. At the moment, the stock has a 52-week-high of $262.83 and a 52-week-low of $156.68. S&P Global closed at $244.18 at the end of the last trading period.
• Sidoti & Co. downgraded the previous rating for Trex Co Inc TREX from Buy to Neutral. For the second quarter, Trex Co had an EPS of $0.64, compared to year-ago quarter EPS of $0.73. The total market value of Trex Co's outstanding shares is at $4.5 billion. The current stock performance of Trex Co shows a 52-week-high of $90.74 and a 52-week-low of $50.88. Moreover, at the end of the last trading period, the closing price was at $79.68.

Initiations

• Cantor Fitzgerald initiated coverage on Arvinas Inc ARVN with an Overweight rating. The price target for Arvinas is set at $42.00. Arvinas earned ($0.55) in the second quarter. Arvinas's market cap stands at $852.5 million. At the moment, the stock has a 52-week-high of $28.25 and a 52-week-low of $10.19. Arvinas closed at $22.75 at the end of the last trading period.
• With a rating of Neutral, UBS initiated coverage on EQM Midstream Partners LP EQM. The price target is set at $36.00 for EQM Midstream Partners. For the second quarter, EQM Midstream Partners had an EPS of $1.01, compared to year-ago quarter EPS of $1.09. EQM Midstream Partners's market cap stands at $7.7 billion. The current stock performance of EQM Midstream Partners shows a 52-week-high of $58.00 and a 52-week-low of $34.46. Moreover, at the end of the last trading period, the closing price was at $34.96.
• UBS initiated coverage on Equitrans Midstream Corp ETRN with a Neutral rating. The price target for Equitrans Midstream is set at $15.00. Equitrans Midstream earned $0.58 in the second quarter. Equitrans Midstream's market cap stands at $4.1 billion. The current stock performance of Equitrans Midstream shows a 52-week-high of $23.47 and a 52-week-low of $15.19. Moreover, at the end of the last trading period, the closing price was at $15.35.
• Nomura initiated coverage on FireEye Inc FEYE with a Buy rating. The price target for FireEye is set at $16.00. For the second quarter, FireEye had an EPS of ($0.01), compared to year-ago quarter EPS of $0.00. The current market cap for FireEye is at $2.9 billion. The current stock performance of FireEye shows a 52-week-high of $20.61 and a 52-week-low of $13.04. Moreover, at the end of the last trading period, the closing price was at $13.29.
• Maxim Group initiated coverage on Hancock Jaffe Laboratories Inc HJLI with a Buy rating. Interestingly, in the third quarter, Hancock Jaffe's EPS was ($0.13). Hancock Jaffe's market cap stands at $16.4 million. At the moment, the stock has a 52-week-high of $3.45 and a 52-week-low of $0.87. Hancock Jaffe closed at $1.13 at the end of the last trading period.
• For HarborOne Bancorp Inc HONE, Janney Capital initiated coverage, by setting the current rating at Buy. For the second quarter, HarborOne Bancorp had an EPS of $0.15, compared to year-ago quarter EPS of $0.10. The current market cap for HarborOne Bancorp is at $615.6 million. The stock has a 52-week-high of $19.95 and a 52-week-low of $14.90. At the end of the last trading period, HarborOne Bancorp closed at $18.75.
• Morgan Stanley initiated coverage on L3Harris Technologies Inc LHX with an Overweight rating. The price target for L3Harris Technologies is set at $259.00. In the fourth quarter, L3Harris Technologies earned $2.44. The current stock performance of L3Harris Technologies shows a 52-week-high of $211.81 and a 52-week-low of $123.24. Moreover, at the end of the last trading period, the closing price was at $201.39.
• With a rating of Buy, Benchmark initiated coverage on One Stop Systems Inc OSS. The price target is set at $3.50 for One Stop Systems. In the first quarter, One Stop Systems showed an EPS of ($0.03), compared to ($0.08) from the year-ago quarter. One Stop Systems's market cap stands at $24.6 million. The current stock performance of One Stop Systems shows a 52-week-high of $4.35 and a 52-week-low of $1.35. Moreover, at the end of the last trading period, the closing price was at $1.69.