Market Overview

Benzinga's Top Upgrades, Downgrades For June 8, 2020

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Upgrades

  • Morgan Stanley upgraded the stock for CDK Global Inc (NASDAQ: CDK) from Equal-Weight to Overweight. CDK Global earned $0.92 in the third quarter, compared to $0.98 in the year-ago quarter. The stock has a 52-week-high of $57.00 and a 52-week-low of $29.12. CDK Global's stock last closed at $43.70 per share.
  • B of A Securities upgraded the stock for Alaska Air Group Inc (NYSE: ALK) from Neutral to Buy. Alaska Air Group earned ($0.82) in the first quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $72.22 and a 52-week-low of $20.02. Alaska Air Group's stock last closed at $42.72 per share.
  • For JetBlue Airways Corp (NASDAQ: JBLU), B of A Securities upgraded the stock from Underperform to Neutral. JetBlue Airways earned ($0.42) in the first quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $21.65 and a 52-week-low of $6.61. JetBlue Airways's stock last closed at $13.69 per share.
  • UBS upgraded the stock for Nevro Corp (NYSE: NVRO) from Sell to Neutral. For the first quarter, Nevro had an EPS of ($0.78), compared to year-ago quarter EPS of ($1.22). The stock has a 52-week-high of $148.05 and a 52-week-low of $59.84. Nevro's stock last closed at $126.83 per share.
  • B of A Securities upgraded the stock for TCF Financial Corp (NASDAQ: TCF) from Neutral to Buy. Interestingly, in the first quarter, TCF Finl's EPS was $0.57. The stock has a 52-week-high of $47.46 and a 52-week-low of $16.96. TCF Finl's stock last closed at $35.10 per share.
  • For Zillow Group Inc (NASDAQ: Z), Needham upgraded the stock from Hold to Buy. In the first quarter, Zillow showed an EPS of ($0.25), compared to ($0.02) from the year-ago quarter. The stock has a 52-week-high of $66.68 and a 52-week-low of $20.04. Zillow's stock last closed at $59.32 per share.

 

Downgrades

  • B of A Securities downgraded the stock for Allegheny Technologies Inc (NYSE: ATI) from Buy to Underperform. Allegheny Technologies earned $0.20 in the first quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $25.66 and a 52-week-low of $4.95. Allegheny Technologies's stock last closed at $12.14 per share.
  • For Caleres Inc (NYSE: CAL), Susquehanna downgraded the stock from Neutral to Negative. Caleres earned ($1.30) in the first quarter, compared to $0.36 in the year-ago quarter. The stock has a 52-week-high of $24.86 and a 52-week-low of $3.12. Caleres's stock last closed at $10.20 per share.
  • Wells Fargo changed the rating for G-III Apparel Group Ltd (NASDAQ: GIII) from Overweight to Equal-Weight. In the first quarter, G-III Apparel Group showed an EPS of ($0.75), compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $34.42 and a 52-week-low of $2.96. G-III Apparel Group's stock last closed at $16.70 per share.
  • For Independent Bank Corp (NASDAQ: INDB), DA Davidson downgraded the stock from Buy to Neutral. Independent Bank earned $0.78 in the first quarter, compared to $1.30 in the year-ago quarter. The stock has a 52-week-high of $87.11 and a 52-week-low of $50.45. Independent Bank's stock last closed at $77.15 per share.
  • Northcoast Research downgraded the stock for LKQ Corp (NASDAQ: LKQ) from Buy to Neutral. In the first quarter, LKQ showed an EPS of $0.57, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $36.63 and a 52-week-low of $13.31. LKQ's stock last closed at $30.28 per share.
  • Wells Fargo changed the rating for PVH Corp (NYSE: PVH) from Overweight to Equal-Weight. For the fourth quarter, PVH had an EPS of $1.88, compared to year-ago quarter EPS of $1.84. The stock has a 52-week-high of $108.06 and a 52-week-low of $28.40. PVH's stock last closed at $62.79 per share.

 

Initiations

  • Credit Suisse initiated coverage on TFI International Inc (NYSE: TFII) with an Outperform rating. The price target for TFI International is set at $39.00. The stock has a 52-week-high of $36.65 and a 52-week-low of $15.24. TFI International's stock last closed at $33.17 per share.
  • Rosenblatt initiated coverage on Western Digital Corp (NASDAQ: WDC) with a Hold rating. The price target for Western Digital is set at $53.00. Western Digital earned $0.85 in the third quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $72.00 and a 52-week-low of $27.40. Western Digital's stock last closed at $48.46 per share.
  • With a rating of Hold, Deutsche Bank initiated coverage on Accel Entertainment Inc (NYSE: ACEL). The price target is set at $11.00 for Accel Entertainment. Interestingly, in the first quarter, Accel Entertainment's EPS was $0.07. The stock has a 52-week-high of $13.35 and a 52-week-low of $5.22. Accel Entertainment's stock last closed at $10.82 per share.
  • With a rating of Buy, Seaport Global initiated coverage on Boeing Co (NYSE: BA). The price target is set at $277.00 for Boeing. Boeing earned ($1.70) in the first quarter, compared to $3.16 in the year-ago quarter. The stock has a 52-week-high of $391.00 and a 52-week-low of $89.00. Boeing's stock last closed at $205.32 per share.
  • With a rating of Overweight, Barclays initiated coverage on Moderna Inc (NASDAQ: MRNA). The price target is set at $68.00 for Moderna. In the first quarter, Moderna showed an EPS of ($0.35), compared to ($0.40) from the year-ago quarter. The stock has a 52-week-high of $87.00 and a 52-week-low of $11.54. Moderna's stock last closed at $58.19 per share.
  • Citigroup initiated coverage on Veeva Systems Inc (NYSE: VEEV) with a Buy rating. The price target for Veeva Systems is set at $265.00. In the first quarter, Veeva Systems showed an EPS of $0.66, compared to $0.50 from the year-ago quarter. The stock has a 52-week-high of $220.91 and a 52-week-low of $118.11. Veeva Systems's stock last closed at $202.81 per share.
 

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