Market Overview

Benzinga's Top Upgrades, Downgrades For June 23, 2020

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Upgrades

  • JP Morgan changed the rating for Fastenal Co (NASDAQ: FAST) from Underweight to Neutral. In the first quarter, Fastenal showed an EPS of $0.35, compared to $0.68 from the year-ago quarter. The stock has a 52-week-high of $43.20 and a 52-week-low of $26.71. Fastenal's stock last closed at $41.98 per share.
  • For Ichor Holdings Ltd (NASDAQ: ICHR), DA Davidson upgraded the stock from Neutral to Buy. Ichor Holdings earned $0.52 in the first quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $39.83 and a 52-week-low of $13.68. Ichor Holdings's stock last closed at $23.55 per share.
  • Benchmark changed the rating for Penske Automotive Group Inc (NYSE: PAG) from Hold to Buy. For the first quarter, Penske Automotive Group had an EPS of $0.64, compared to year-ago quarter EPS of $1.25. The stock has a 52-week-high of $53.81 and a 52-week-low of $19.99. Penske Automotive Group's stock last closed at $39.04 per share.
  • For NuVasive Inc (NASDAQ: NUVA), Needham upgraded the stock from Hold to Buy. For the first quarter, NuVasive had an EPS of $0.48, compared to year-ago quarter EPS of $0.53. The stock has a 52-week-high of $81.91 and a 52-week-low of $28.55. NuVasive's stock last closed at $56.40 per share.
  • Atlantic Equities changed the rating for AbbVie Inc (NYSE: ABBV) from Neutral to Overweight. AbbVie earned $2.42 in the first quarter, compared to $2.14 in the year-ago quarter. The stock has a 52-week-high of $99.35 and a 52-week-low of $62.55. AbbVie's stock last closed at $97.25 per share.
  • For Varonis Systems Inc (NASDAQ: VRNS), Barclays upgraded the stock from Equal-Weight to Overweight. For the first quarter, Varonis Systems had an EPS of ($0.56), compared to year-ago quarter EPS of ($0.38). The stock has a 52-week-high of $93.24 and a 52-week-low of $48.95. Varonis Systems's stock last closed at $87.86 per share.
  • Piper Sandler changed the rating for ON Semiconductor Corp (NASDAQ: ON) from Neutral to Overweight. For the first quarter, ON Semiconductor had an EPS of $0.10, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $25.92 and a 52-week-low of $8.17. ON Semiconductor's stock last closed at $19.59 per share.
  • KeyBanc changed the rating for JB Hunt Transport Services Inc (NASDAQ: JBHT) from Sector Weight to Overweight. JB Hunt Transport Servs earned $0.98 in the first quarter, compared to $1.09 in the year-ago quarter. The stock has a 52-week-high of $122.39 and a 52-week-low of $75.29. JB Hunt Transport Servs's stock last closed at $117.13 per share.

 

Downgrades

  • Goldman Sachs changed the rating for Cboe Global Markets Inc (BATS: CBOE) from Neutral to Sell. Cboe Global Markets earned $1.65 in the first quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $127.93 and a 52-week-low of $72.01. Cboe Global Markets's stock last closed at $100.12 per share.
  • Santander downgraded the stock for Credicorp Ltd (NYSE: BAP) from Buy to Hold. In the first quarter, Credicorp showed an EPS of $0.76, compared to $3.52 from the year-ago quarter. The stock has a 52-week-high of $240.88 and a 52-week-low of $118.00. Credicorp's stock last closed at $145.16 per share.
  • Oppenheimer downgraded the stock for Mastercard Inc (NYSE: MA) from Outperform to Perform. In the first quarter, Mastercard showed an EPS of $1.83, compared to $1.78 from the year-ago quarter. The stock has a 52-week-high of $347.25 and a 52-week-low of $199.99. Mastercard's stock last closed at $304.45 per share.
  • For Mohawk Industries Inc (NYSE: MHK), Deutsche Bank downgraded the stock from Hold to Sell. For the first quarter, Mohawk Industries had an EPS of $1.66, compared to year-ago quarter EPS of $2.13. The stock has a 52-week-high of $156.60 and a 52-week-low of $56.62. Mohawk Industries's stock last closed at $92.21 per share.
  • BMO Capital downgraded the stock for Micron Technology Inc (NASDAQ: MU) from Outperform to Market Perform. Micron Technology earned $0.45 in the second quarter, compared to $1.71 in the year-ago quarter. The stock has a 52-week-high of $61.19 and a 52-week-low of $31.13. Micron Technology's stock last closed at $51.15 per share.
  • Jefferies changed the rating for Phillips 66 (NYSE: PSX) from Buy to Hold. Phillips 66 earned $1.02 in the first quarter, compared to $0.40 in the year-ago quarter. The stock has a 52-week-high of $119.92 and a 52-week-low of $40.04. Phillips 66's stock last closed at $74.41 per share.
  • For Spirit AeroSystems Holdings Inc (NYSE: SPR), Berenberg downgraded the stock from Buy to Hold. For the first quarter, Spirit AeroSystems Hldgs had an EPS of ($0.79), compared to year-ago quarter EPS of $1.68. The stock has a 52-week-high of $92.81 and a 52-week-low of $13.69. Spirit AeroSystems Hldgs's stock last closed at $27.22 per share.
  • Jefferies downgraded the stock for Holly Energy Partners LP (NYSE: HEP) from Buy to Hold. For the first quarter, Holly Energy Partners had an EPS of $0.48, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $30.61 and a 52-week-low of $6.57. Holly Energy Partners's stock last closed at $16.54 per share.

 

Initiations

  • Wells Fargo initiated coverage on DocuSign Inc (NASDAQ: DOCU) with a Equal-Weight rating. The price target for DocuSign is set at $160.00. In the first quarter, DocuSign showed an EPS of $0.12, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $169.85 and a 52-week-low of $43.13. DocuSign's stock last closed at $168.30 per share.
  • Wells Fargo initiated coverage on Five9 Inc (NASDAQ: FIVN) with an Overweight rating. The price target for Five9 is set at $125.00. In the first quarter, Five9 showed an EPS of $0.17, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $108.99 and a 52-week-low of $46.22. Five9's stock last closed at $108.63 per share.
  • For PG&E Corp (NYSE: PCG), Seaport Global initiated coverage, by setting the current rating at Neutral. In the first quarter, PG&E showed an EPS of $0.89, compared to $1.04 from the year-ago quarter. The stock has a 52-week-high of $25.19 and a 52-week-low of $3.55. PG&E's stock last closed at $9.98 per share.
  • With a rating of Overweight, Wells Fargo initiated coverage on RealPage Inc (NASDAQ: RP). The price target is set at $80.00 for RealPage. RealPage earned $0.43 in the first quarter, compared to $0.40 in the year-ago quarter. The stock has a 52-week-high of $69.35 and a 52-week-low of $36.91. RealPage's stock last closed at $67.82 per share.
  • With a rating of Neutral, Susquehanna initiated coverage on TransDigm Group Inc (NYSE: TDG). The price target is set at $494.00 for TransDigm Gr. For the second quarter, TransDigm Gr had an EPS of $5.10, compared to year-ago quarter EPS of $4.21. The stock has a 52-week-high of $673.51 and a 52-week-low of $200.06. TransDigm Gr's stock last closed at $465.00 per share.
  • For Yext Inc (NYSE: YEXT), William Blair initiated coverage, by setting the current rating at Outperform. Yext earned ($0.10) in the first quarter, compared to ($0.05) in the year-ago quarter. The stock has a 52-week-high of $22.65 and a 52-week-low of $8.56. Yext's stock last closed at $16.79 per share.
  • With a rating of Overweight, Cantor Fitzgerald initiated coverage on Applied Genetic Technologies Corp (NASDAQ: AGTC). The price target is set at $14.00 for Applied Genetic Tech. In the third quarter, Applied Genetic Tech showed an EPS of ($0.50), compared to ($0.49) from the year-ago quarter. The stock has a 52-week-high of $10.42 and a 52-week-low of $2.29. Applied Genetic Tech's stock last closed at $6.36 per share.
  • BMO Capital initiated coverage on RealPage Inc (NASDAQ: RP) with an Outperform rating. The price target for RealPage is set at $80.00. For the first quarter, RealPage had an EPS of $0.43, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $69.35 and a 52-week-low of $36.91. RealPage's stock last closed at $67.82 per share.
  • Rosenblatt initiated coverage on Ambarella Inc (NASDAQ: AMBA) with a Buy rating. The price target for Ambarella is set at $60.00. Ambarella earned $0.04 in the first quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $73.59 and a 52-week-low of $36.02. Ambarella's stock last closed at $48.83 per share.
  • With a rating of Neutral, Credit Suisse initiated coverage on Stifel Financial Corp (NYSE: SF). The price target is set at $52.00 for Stifel Financial. Stifel Financial earned $1.20 in the first quarter, compared to $1.32 in the year-ago quarter. The stock has a 52-week-high of $69.10 and a 52-week-low of $31.13. Stifel Financial's stock last closed at $47.28 per share.
  • Credit Suisse initiated coverage on Interactive Brokers Group Inc (NASDAQ: IBKR) with an Outperform rating. The price target for Interactive Brokers Group is set at $53.00. In the first quarter, Interactive Brokers Group showed an EPS of $0.69, compared to $0.64 from the year-ago quarter. The stock has a 52-week-high of $58.50 and a 52-week-low of $33.70. Interactive Brokers Group's stock last closed at $41.29 per share.
  • With a rating of Neutral, Credit Suisse initiated coverage on Lazard Ltd (NYSE: LAZ). The price target is set at $32.00 for Lazard. Lazard earned $0.58 in the first quarter, compared to $0.87 in the year-ago quarter. The stock has a 52-week-high of $44.95 and a 52-week-low of $20.94. Lazard's stock last closed at $29.64 per share.
  • With a rating of Outperform, Imperial Capital initiated coverage on Ambarella Inc (NASDAQ: AMBA). The price target is set at $58.00 for Ambarella. For the first quarter, Ambarella had an EPS of $0.04, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $73.59 and a 52-week-low of $36.02. Ambarella's stock last closed at $48.83 per share.
 

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