Benzinga's Top Upgrades, Downgrades For October 29, 2020

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Upgrades

  • For Vanda Pharmaceuticals Inc VNDA, Citigroup upgraded the previous rating of Neutral to the current rating Buy. For the third quarter, Vanda Pharmaceuticals had an EPS of $0.11, compared to year-ago quarter EPS of $0.23. The current stock performance of Vanda Pharmaceuticals shows a 52-week-high of 17.85 and a 52-week-low of 7.12. Moreover, at the end of the last trading period, the closing price was at $10.09.
  • Kansas City Capital upgraded the previous rating for Insteel Industries Inc IIIN from Perform to Outperform. In the fourth quarter, Insteel Indus showed an EPS of $0.41, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of 26.61 and a 52-week-low of 10.0. Insteel Indus closed at $20.55 at the end of the last trading period.
  • For Illinois Tool Works Inc ITW, B of A Securities upgraded the previous rating of Underperform to the current rating Neutral. Illinois Tool Works earned $1.83 in the third quarter, compared to $2.04 in the year-ago quarter. The current stock performance of Illinois Tool Works shows a 52-week-high of 208.08 and a 52-week-low of 115.94. Moreover, at the end of the last trading period, the closing price was at $192.71.
  • B of A Securities upgraded the previous rating for Chubb Ltd CB from Underperform to Neutral. Chubb earned $2.00 in the third quarter, compared to $2.70 in the year-ago quarter. The stock has a 52-week-high of 167.74 and a 52-week-low of 87.35. At the end of the last trading period, Chubb closed at $127.28.
  • For Best Buy Co Inc BBY, R5 Capital upgraded the previous rating of Sell to the current rating Hold. In the second quarter, Best Buy Co showed an EPS of $1.71, compared to $1.08 from the year-ago quarter. The stock has a 52-week-high of 123.67 and a 52-week-low of 48.105. At the end of the last trading period, Best Buy Co closed at $111.10.
  • Telsey Advisory Group upgraded the previous rating for Bed Bath & Beyond Inc BBBY from Market Perform to Outperform. Bed Bath & Beyond earned $0.50 in the second quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of 26.16 and a 52-week-low of 3.43. Bed Bath & Beyond closed at $21.10 at the end of the last trading period.
  • For BJ's Wholesale Club Holdings Inc BJ, MKM Partners upgraded the previous rating of Sell to the current rating Neutral. For the second quarter, BJ's Wholesale Club had an EPS of $0.77, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of 47.46 and a 52-week-low of 18.84. BJ's Wholesale Club closed at $39.37 at the end of the last trading period.
  • According to Morgan Stanley, the prior rating for Bed Bath & Beyond Inc BBBY was changed from Underweight to Equal-Weight. Bed Bath & Beyond earned $0.50 in the second quarter, compared to $0.34 in the year-ago quarter. The current stock performance of Bed Bath & Beyond shows a 52-week-high of 26.16 and a 52-week-low of 3.43. Moreover, at the end of the last trading period, the closing price was at $21.10.
  • For Blackstone Group Inc BX, Oppenheimer upgraded the previous rating of Perform to the current rating Outperform. The stock has a 52-week-high of 64.97 and a 52-week-low of 33.0. At the end of the last trading period, Blackstone Group closed at $50.31.
  • For 8x8 Inc EGHT, Summit Insights Group upgraded the previous rating of Hold to the current rating Buy. For the second quarter, 8x8 had an EPS of $0.03, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of 21.57 and a 52-week-low of 10.7. At the end of the last trading period, 8x8 closed at $15.95.
  • For Pinterest Inc PINS, MKM Partners upgraded the previous rating of Neutral to the current rating Buy. For the third quarter, Pinterest had an EPS of $0.13, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of 53.8699 and a 52-week-low of 10.1. Pinterest closed at $48.76 at the end of the last trading period.
  • For Pinterest Inc PINS, JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. Pinterest earned $0.13 in the third quarter, compared to $0.01 in the year-ago quarter. The current stock performance of Pinterest shows a 52-week-high of 53.8699 and a 52-week-low of 10.1. Moreover, at the end of the last trading period, the closing price was at $48.76.
  • For Cognizant Technology Solutions Corp CTSH, Cowen & Co. upgraded the previous rating of Market Perform to the current rating Outperform. In the third quarter, Cognizant Tech Solns showed an EPS of $0.97, compared to $1.08 from the year-ago quarter. The current stock performance of Cognizant Tech Solns shows a 52-week-high of 75.32 and a 52-week-low of 40.01. Moreover, at the end of the last trading period, the closing price was at $71.10.

 

Downgrades

  • According to Stephens & Co., the prior rating for C.H. Robinson Worldwide Inc CHRW was changed from Overweight to Equal-Weight. For the third quarter, C.H. Robinson Worldwide had an EPS of $1.00, compared to year-ago quarter EPS of $1.07. The current stock performance of C.H. Robinson Worldwide shows a 52-week-high of 106.75 and a 52-week-low of 56.9393. Moreover, at the end of the last trading period, the closing price was at $88.58.
  • According to Charter Equity, the prior rating for Cree Inc CREE was changed from Market Outperform to Market Perform. For the first quarter, Cree had an EPS of $0.19, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of 77.19 and a 52-week-low of 27.77. Cree closed at $66.22 at the end of the last trading period.
  • Stephens & Co. downgraded the previous rating for Parsley Energy Inc PE from Overweight to Equal-Weight. The stock has a 52-week-high of 20.125 and a 52-week-low of 3.92. At the end of the last trading period, Parsley Energy closed at $9.92.
  • Rosenblatt downgraded the previous rating for Xilinx Inc XLNX from Buy to Neutral. In the second quarter, Xilinx showed an EPS of $0.79, compared to $0.94 from the year-ago quarter. The current stock performance of Xilinx shows a 52-week-high of 130.4 and a 52-week-low of 67.68. Moreover, at the end of the last trading period, the closing price was at $119.76.
  • JP Morgan downgraded the previous rating for Coca-Cola European Partners PLC CCEP from Overweight to Neutral. At the moment, the stock has a 52-week-high of 57.11 and a 52-week-low of 28.35. Coca-Cola European closed at $36.73 at the end of the last trading period.
  • According to JP Morgan, the prior rating for ChemoCentryx Inc CCXI was changed from Overweight to Neutral. In the second quarter, ChemoCentryx showed an EPS of $0.29, compared to $0.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of 65.43 and a 52-week-low of 7.61. ChemoCentryx closed at $52.24 at the end of the last trading period.
  • JP Morgan downgraded the previous rating for First Solar Inc FSLR from Overweight to Neutral. In the third quarter, First Solar showed an EPS of $1.45, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of 97.93 and a 52-week-low of 28.47. At the end of the last trading period, First Solar closed at $93.31.

 

Initiations

  • HC Wainwright & Co. initiated coverage on ADC Therapeutics SA ADCT with a Buy rating. The price target for ADC Therapeutics is set to $47.00. ADC Therapeutics earned $0.51 in the second quarter. The stock has a 52-week-high of 56.5899 and a 52-week-low of 25.105. At the end of the last trading period, ADC Therapeutics closed at $28.82.
  • Commerzbank initiated coverage on BioNTech SE BNTX with a Buy rating. The price target for BioNTech is set to $119.00. BioNTech earned $0.42 in the second quarter. At the moment, the stock has a 52-week-high of 105.0 and a 52-week-low of 16.12. BioNTech closed at $77.54 at the end of the last trading period.
  • With a current rating of Buy, National Securities initiated coverage on Calavo Growers Inc CVGW. The price target seems to have been set at $85.00 for Calavo Growers. Calavo Growers earned $0.73 in the third quarter, compared to $0.91 in the year-ago quarter. At the moment, the stock has a 52-week-high of 94.92 and a 52-week-low of 48.31. Calavo Growers closed at $65.42 at the end of the last trading period.
  • Credit Suisse initiated coverage on Yum China Holdings Inc YUMC with an Outperform rating. For the third quarter, Yum China Holdings had an EPS of $0.66, compared to year-ago quarter EPS of $0.58. The stock has a 52-week-high of 59.35 and a 52-week-low of 38.33. At the end of the last trading period, Yum China Holdings closed at $52.31.
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Posted In: UpgradesDowngradesInitiationIntraday UpdateAnalyst RatingsInitiationstop upgrades
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