Market Overview

Benzinga's Top Upgrades, Downgrades For June 9, 2020

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Upgrades

  • B of A Securities upgraded the stock for Occidental Petroleum Corp (NYSE: OXY) from Neutral to Buy. Occidental Petroleum earned ($0.52) in the first quarter, compared to $0.84 in the year-ago quarter. The stock has a 52-week-high of $54.05 and a 52-week-low of $9.00. Occidental Petroleum's stock last closed at $24.40 per share.
  • For Raymond James Financial Inc (NYSE: RJF), Morgan Stanley upgraded the stock from Equal-Weight to Overweight. In the second quarter, Raymond James Financial showed an EPS of $1.20, compared to $1.81 from the year-ago quarter. The stock has a 52-week-high of $102.45 and a 52-week-low of $54.21. Raymond James Financial's stock last closed at $81.04 per share.
  • Barclays changed the rating for Universal Health Services Inc (NYSE: UHS) from Equal-Weight to Overweight. In the first quarter, Universal Health Services showed an EPS of $1.73, compared to $2.45 from the year-ago quarter. The stock has a 52-week-high of $157.06 and a 52-week-low of $65.20. Universal Health Services's stock last closed at $111.23 per share.
  • JMP Securities upgraded the stock for Walker & Dunlop Inc (NYSE: WD) from Market Perform to Market Outperform. In the first quarter, Walker & Dunlop showed an EPS of $1.49, compared to $1.39 from the year-ago quarter. The stock has a 52-week-high of $79.74 and a 52-week-low of $24.55. Walker & Dunlop's stock last closed at $51.78 per share.
  • Barclays upgraded the stock for Zynga Inc (NASDAQ: ZNGA) from Equal-Weight to Overweight. In the first quarter, Zynga showed an EPS of ($0.11), compared to ($0.14) from the year-ago quarter. The stock has a 52-week-high of $9.92 and a 52-week-low of $5.51. Zynga's stock last closed at $9.15 per share.
  • For OneSpaWorld Holdings Ltd (NASDAQ: OSW), Jefferies upgraded the stock from Hold to Buy. OneSpaWorld Holdings earned ($0.02) in the first quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $17.25 and a 52-week-low of $2.45. OneSpaWorld Holdings's stock last closed at $7.88 per share.
  • For Energy Transfer LP (NYSE: ET), BMO Capital upgraded the stock from Market Perform to Outperform. Energy Transfer earned $0.16 in the first quarter, compared to $0.35 in the year-ago quarter. The stock has a 52-week-high of $15.26 and a 52-week-low of $3.75. Energy Transfer's stock last closed at $9.35 per share.
  • For eBay Inc (NASDAQ: EBAY), Wells Fargo upgraded the stock from Underweight to Equal-Weight. eBay earned $0.77 in the first quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $51.88 and a 52-week-low of $26.02. eBay's stock last closed at $48.72 per share.
  • Wells Fargo upgraded the stock for Quest Diagnostics Inc (NYSE: DGX) from Underweight to Equal-Weight. For the first quarter, Quest Diagnostics had an EPS of $0.94, compared to year-ago quarter EPS of $1.40. The stock has a 52-week-high of $125.00 and a 52-week-low of $73.02. Quest Diagnostics's stock last closed at $116.73 per share.
  • KeyBanc upgraded the stock for Wix.com Ltd (NASDAQ: WIX) from Sector Weight to Overweight. For the first quarter, Wix.com had an EPS of ($0.01), compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $231.36 and a 52-week-low of $76.81. Wix.com's stock last closed at $215.23 per share.

 

Downgrades

  • For Biogen Inc (NASDAQ: BIIB), Bernstein downgraded the stock from Outperform to Market Perform. For the first quarter, Biogen had an EPS of $9.14, compared to year-ago quarter EPS of $6.98. The stock has a 52-week-high of $374.99 and a 52-week-low of $215.78. Biogen's stock last closed at $301.26 per share.
  • B of A Securities downgraded the stock for Chevron Corp (NYSE: CVX) from Buy to Neutral. Chevron earned $1.58 in the first quarter, compared to $1.39 in the year-ago quarter. The stock has a 52-week-high of $127.00 and a 52-week-low of $51.60. Chevron's stock last closed at $103.26 per share.
  • For The Walt Disney Co (NYSE: DIS), Consumer Edge Research downgraded the stock from Overweight to Equal-Weight. Walt Disney earned $0.60 in the second quarter, compared to $1.61 in the year-ago quarter. The stock has a 52-week-high of $153.41 and a 52-week-low of $79.07. Walt Disney's stock last closed at $127.36 per share.
  • For Hasbro Inc (NASDAQ: HAS), Consumer Edge Research downgraded the stock from Overweight to Equal-Weight. Hasbro earned $0.57 in the first quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $126.87 and a 52-week-low of $41.33. Hasbro's stock last closed at $83.92 per share.
  • Guggenheim downgraded the stock for T-Mobile US Inc (NASDAQ: TMUS) from Buy to Neutral. Interestingly, in the first quarter, T-Mobile US's EPS was $1.10. The stock has a 52-week-high of $105.11 and a 52-week-low of $63.50. T-Mobile US's stock last closed at $104.46 per share.
  • Seaport Global downgraded the stock for PPL Corp (NYSE: PPL) from Neutral to Sell. For the first quarter, PPL had an EPS of $0.67, compared to year-ago quarter EPS of $0.70. The stock has a 52-week-high of $36.83 and a 52-week-low of $18.12. PPL's stock last closed at $30.63 per share.
  • For KB Home (NYSE: KBH), RBC Capital downgraded the stock from Outperform to Sector Perform. KB Home earned $0.63 in the first quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $40.51 and a 52-week-low of $9.82. KB Home's stock last closed at $34.85 per share.
  • Credit Suisse downgraded the stock for REV Group Inc (NYSE: REVG) from Neutral to Underperform. REV Group earned ($0.09) in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $14.99 and a 52-week-low of $3.50. REV Group's stock last closed at $8.02 per share.
  • Wells Fargo downgraded the stock for Xenia Hotels & Resorts Inc (NYSE: XHR) from Overweight to Equal-Weight. In the first quarter, Xenia Hotels & Resorts showed an EPS of $0.17, compared to $0.53 from the year-ago quarter. The stock has a 52-week-high of $22.39 and a 52-week-low of $6.14. Xenia Hotels & Resorts's stock last closed at $14.70 per share.
  • JP Morgan downgraded the stock for CDW Corp (NASDAQ: CDW) from Neutral to Underweight. CDW earned $1.38 in the first quarter, compared to $1.24 in the year-ago quarter. The stock has a 52-week-high of $146.09 and a 52-week-low of $73.39. CDW's stock last closed at $128.29 per share.
  • Keefe, Bruyette & Woods changed the rating for Essent Group Ltd (NYSE: ESNT) from Outperform to Market Perform. Essent Gr earned $1.52 in the first quarter, compared to $1.30 in the year-ago quarter. The stock has a 52-week-high of $55.84 and a 52-week-low of $17.52. Essent Gr's stock last closed at $41.03 per share.
  • Keefe, Bruyette & Woods changed the rating for MGIC Investment Corp (NYSE: MTG) from Outperform to Market Perform. In the first quarter, MGIC Investment showed an EPS of $0.42, compared to $0.42 from the year-ago quarter. The stock has a 52-week-high of $15.24 and a 52-week-low of $4.34. MGIC Investment's stock last closed at $10.27 per share.
  • Keefe, Bruyette & Woods downgraded the stock for NMI Holdings Inc (NASDAQ: NMIH) from Outperform to Market Perform. NMI Holdings earned $0.75 in the first quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $35.79 and a 52-week-low of $8.06. NMI Holdings's stock last closed at $19.57 per share.
  • For Radian Group Inc (NYSE: RDN), Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform. For the first quarter, Radian Group had an EPS of $0.80, compared to year-ago quarter EPS of $0.73. The stock has a 52-week-high of $26.32 and a 52-week-low of $9.53. Radian Group's stock last closed at $19.23 per share.
  • BMO Capital changed the rating for Cheniere Energy Partners LP (AMEX: CQP) from Market Perform to Underperform. For the first quarter, Cheniere Energy Partners had an EPS of $0.84, compared to year-ago quarter EPS of $0.75. The stock has a 52-week-high of $49.30 and a 52-week-low of $17.75. Cheniere Energy Partners's stock last closed at $40.28 per share.
  • BMO Capital changed the rating for Magellan Midstream Partners LP (NYSE: MMP) from Outperform to Market Perform. For the first quarter, Magellan Midstream had an EPS of $1.28, compared to year-ago quarter EPS of $1.06. The stock has a 52-week-high of $67.75 and a 52-week-low of $22.02. Magellan Midstream's stock last closed at $49.45 per share.

 

Initiations

  • With a rating of Outperform, RBC Capital initiated coverage on AdaptHealth Corp (NASDAQ: AHCO). The price target is set at $24.00 for AdaptHealth. In the first quarter, AdaptHealth earned $0.00. The stock has a 52-week-high of $18.25 and a 52-week-low of $9.75. AdaptHealth's stock last closed at $16.65 per share.
  • Cantor Fitzgerald initiated coverage on ContraFect Corp (NASDAQ: CFRX) with an Overweight rating. The price target for ContraFect is set at $15.00. For the first quarter, ContraFect had an EPS of ($0.49), compared to year-ago quarter EPS of ($0.08). The stock has a 52-week-high of $12.10 and a 52-week-low of $0.27. ContraFect's stock last closed at $5.82 per share.
  • Baird initiated coverage on Herc Holdings Inc (NYSE: HRI) with an Outperform rating. The price target for Herc Holdings is set at $40.00. For the first quarter, Herc Holdings had an EPS of $0.04, compared to year-ago quarter EPS of ($0.23). The stock has a 52-week-high of $50.81 and a 52-week-low of $11.81. Herc Holdings's stock last closed at $35.35 per share.
  • With a rating of Outperform, Wedbush initiated coverage on Neurocrine Biosciences Inc (NASDAQ: NBIX). The price target is set at $147.00 for Neurocrine Biosciences. Neurocrine Biosciences earned $0.82 in the first quarter, compared to ($1.12) in the year-ago quarter. The stock has a 52-week-high of $128.29 and a 52-week-low of $72.14. Neurocrine Biosciences's stock last closed at $118.51 per share.
  • With a rating of Outperform, Oppenheimer initiated coverage on SVB Financial Group (NASDAQ: SIVB). The price target is set at $329.00 for SVB Financial. In the first quarter, SVB Financial showed an EPS of $2.55, compared to $5.44 from the year-ago quarter. The stock has a 52-week-high of $270.95 and a 52-week-low of $127.39. SVB Financial's stock last closed at $236.04 per share.
  • With a rating of Buy, BTIG initiated coverage on Sprout Social Inc (NASDAQ: SPT). The price target is set at $40.00 for Sprout Social. Sprout Social earned ($0.14) in the first quarter. The stock has a 52-week-high of $33.52 and a 52-week-low of $10.54. Sprout Social's stock last closed at $31.05 per share.
  • Baird initiated coverage on United Rentals Inc (NYSE: URI) with an Outperform rating. The price target for United Rentals is set at $185.00. United Rentals earned $3.35 in the first quarter, compared to $3.31 in the year-ago quarter. The stock has a 52-week-high of $170.04 and a 52-week-low of $58.85. United Rentals's stock last closed at $158.30 per share.
  • Seaport Global initiated coverage on Duke Energy Corp (NYSE: DUK) with a Neutral rating. For the first quarter, Duke Energy had an EPS of $1.14, compared to year-ago quarter EPS of $1.24. The stock has a 52-week-high of $103.79 and a 52-week-low of $62.13. Duke Energy's stock last closed at $91.92 per share.
  • Seaport Global initiated coverage on Dominion Energy Inc (NYSE: D) with a Buy rating. For the first quarter, Dominion Energy had an EPS of $1.09, compared to year-ago quarter EPS of $1.10. The stock has a 52-week-high of $90.89 and a 52-week-low of $57.79. Dominion Energy's stock last closed at $86.39 per share.
 

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