Benzinga's Top Upgrades, Downgrades For November 16, 2020

Upgrades

  • For International Paper Co IP, Citigroup upgraded the previous rating of Neutral to the current rating Buy. For the third quarter, International Paper had an EPS of $0.71, compared to year-ago quarter EPS of $1.09. The current stock performance of International Paper shows a 52-week-high of 50.33 and a 52-week-low of 26.38. Moreover, at the end of the last trading period, the closing price was at $47.87.
  • For Uniti Group Inc UNIT, Citigroup upgraded the previous rating of Sell to the current rating Neutral. In the third quarter, Uniti Group showed an EPS of $0.42, compared to $0.47 from the year-ago quarter. The current stock performance of Uniti Group shows a 52-week-high of 11.08 and a 52-week-low of 4.86. Moreover, at the end of the last trading period, the closing price was at $9.60.
  • For TransDigm Group Inc TDG, Baird upgraded the previous rating of Neutral to the current rating Outperform. In the fourth quarter, TransDigm Gr showed an EPS of $2.89, compared to $5.62 from the year-ago quarter. The current stock performance of TransDigm Gr shows a 52-week-high of 673.51 and a 52-week-low of 200.06. Moreover, at the end of the last trading period, the closing price was at $567.21.
  • Nomura Instinet upgraded the previous rating for Pinduoduo Inc PDD from Neutral to Buy. In the third quarter, Pinduoduo showed an EPS of $0.05, compared to $0.20 from the year-ago quarter. The current stock performance of Pinduoduo shows a 52-week-high of 155.61 and a 52-week-low of 30.2. Moreover, at the end of the last trading period, the closing price was at $151.29.
  • BMO Capital upgraded the previous rating for Yamana Gold Inc AUY from Market Perform to Outperform. For the third quarter, Yamana Gold had an EPS of $0.10, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of 7.02 and a 52-week-low of 2.23. Yamana Gold closed at $5.49 at the end of the last trading period.
  • For Li Auto Inc LI, Citigroup upgraded the previous rating of Neutral to the current rating Buy. Li Auto Inc earned $0.00 in the third quarter. At the moment, the stock has a 52-week-high of 40.8055 and a 52-week-low of 14.31. Li Auto Inc closed at $31.20 at the end of the last trading period.
  • Wolfe Research upgraded the previous rating for Entergy Corp ETR from Peer Perform to Outperform. Entergy earned $2.44 in the third quarter, compared to $2.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of 135.55 and a 52-week-low of 75.195. Entergy closed at $109.18 at the end of the last trading period.
  • According to Raymond James, the prior rating for Hewlett Packard Enterprise Co HPE was changed from Market Perform to Outperform. In the third quarter, Hewlett Packard showed an EPS of $0.32, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of 17.58 and a 52-week-low of 7.43. At the end of the last trading period, Hewlett Packard closed at $10.15.
  • According to Raymond James, the prior rating for ACADIA Pharmaceuticals Inc ACAD was changed from Outperform to Strong Buy. ACADIA Pharmaceuticals earned $0.54 in the third quarter, compared to $0.29 in the year-ago quarter. The current stock performance of ACADIA Pharmaceuticals shows a 52-week-high of 58.72 and a 52-week-low of 30.02. Moreover, at the end of the last trading period, the closing price was at $51.57.
  • For Tapestry Inc TPR, JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. For the first quarter, Tapestry had an EPS of $0.58, compared to year-ago quarter EPS of $0.40. The current stock performance of Tapestry shows a 52-week-high of 30.4 and a 52-week-low of 10.18. Moreover, at the end of the last trading period, the closing price was at $26.35.
  • Piper Sandler upgraded the previous rating for Taubman Centers Inc TCO from Underweight to Neutral. For the third quarter, Taubman Centers had an EPS of $0.60, compared to year-ago quarter EPS of $0.86. The current stock performance of Taubman Centers shows a 52-week-high of 53.4 and a 52-week-low of 26.24. Moreover, at the end of the last trading period, the closing price was at $39.50.
  • For F5 Networks Inc FFIV, JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. F5 Networks earned $2.43 in the fourth quarter, compared to $2.59 in the year-ago quarter. At the moment, the stock has a 52-week-high of 162.5 and a 52-week-low of 79.78. F5 Networks closed at $159.46 at the end of the last trading period.
  • For Bristol-Myers Squibb Company BMY, Societe Generale upgraded the previous rating of Hold to the current rating Buy. Bristol-Myers Squibb earned $1.63 in the third quarter, compared to $1.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of 68.34 and a 52-week-low of 45.76. Bristol-Myers Squibb closed at $63.62 at the end of the last trading period.

 

 

Downgrades

  • For OGE Energy Corp OGE, Mizuho downgraded the previous rating of Buy to the current rating Neutral. OGE Energy earned $1.04 in the third quarter, compared to $1.25 in the year-ago quarter. The current stock performance of OGE Energy shows a 52-week-high of 46.43 and a 52-week-low of 23.005. Moreover, at the end of the last trading period, the closing price was at $33.94.
  • According to Wolfe Research, the prior rating for American Electric Power Co Inc AEP was changed from Outperform to Peer Perform. In the third quarter, American Electric Power showed an EPS of $1.47, compared to $1.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of 104.97 and a 52-week-low of 65.135. American Electric Power closed at $89.87 at the end of the last trading period.
  • According to Wells Fargo, the prior rating for Welltower Inc WELL was changed from Overweight to Equal-Weight. Welltower earned $0.84 in the third quarter, compared to $1.05 in the year-ago quarter. The current stock performance of Welltower shows a 52-week-high of 89.99 and a 52-week-low of 24.27. Moreover, at the end of the last trading period, the closing price was at $65.54.
  • According to JP Morgan, the prior rating for Urovant Sciences Ltd UROV was changed from Overweight to Neutral. Urovant Sciences earned $1.12 in the second quarter, compared to $0.85 in the year-ago quarter. The stock has a 52-week-high of 16.08 and a 52-week-low of 6.55. At the end of the last trading period, Urovant Sciences closed at $16.02.
  • According to Oppenheimer, the prior rating for SVB Financial Group SIVB was changed from Outperform to Perform. In the third quarter, SVB Financial showed an EPS of $8.47, compared to $5.15 from the year-ago quarter. The stock has a 52-week-high of 349.4534 and a 52-week-low of 127.39. At the end of the last trading period, SVB Financial closed at $345.91.
  • For Sage Therapeutics Inc SAGE, Morgan Stanley downgraded the previous rating of Overweight to the current rating Equal-Weight. In the third quarter, Sage Therapeutics showed an EPS of $2.03, compared to $3.48 from the year-ago quarter. The current stock performance of Sage Therapeutics shows a 52-week-high of 155.33 and a 52-week-low of 25.01. Moreover, at the end of the last trading period, the closing price was at $79.52.
  • According to Jefferies, the prior rating for Tilray Inc TLRY was changed from Hold to Underperform. For the third quarter, Tilray had an EPS of $0.02, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of 23.8 and a 52-week-low of 2.43. Tilray closed at $7.65 at the end of the last trading period.

 

Initiations

  • With a current rating of Buy, Deutsche Bank initiated coverage on Keysight Technologies Inc KEYS. The price target seems to have been set at $129.00 for Keysight Technologies. In the third quarter, Keysight Technologies showed an EPS of $1.19, compared to $1.25 from the year-ago quarter. The stock has a 52-week-high of 117.92 and a 52-week-low of 77.93. At the end of the last trading period, Keysight Technologies closed at $116.11.
  • With a current rating of Neutral, B of A Securities initiated coverage on McAfee Corp MCFE. The price target seems to have been set at $19.00 for McAfee. The current stock performance of McAfee shows a 52-week-high of 18.91 and a 52-week-low of 15.42. Moreover, at the end of the last trading period, the closing price was at $17.16.
  • Morgan Stanley initiated coverage on Abcam PLC ABCM with a Equal-Weight rating. The price target for Abcam is set to $21.00. The stock has a 52-week-high of 20.87 and a 52-week-low of 17.88. At the end of the last trading period, Abcam closed at $18.73.
  • Citigroup initiated coverage on MultiPlan Corp MPLN with a Buy rating. The price target for MultiPlan is set to $10.00. MultiPlan earned $0.28 in the third quarter. The stock has a 52-week-high of 9.535 and a 52-week-low of 6.12. At the end of the last trading period, MultiPlan closed at $6.70.
  • With a current rating of Overweight, Morgan Stanley initiated coverage on McAfee Corp MCFE. The price target seems to have been set at $25.00 for McAfee. The current stock performance of McAfee shows a 52-week-high of 18.91 and a 52-week-low of 15.42. Moreover, at the end of the last trading period, the closing price was at $17.16.
  • Mizuho initiated coverage on McAfee Corp MCFE with a Buy rating. The price target for McAfee is set to $25.00. At the moment, the stock has a 52-week-high of 18.91 and a 52-week-low of 15.42. McAfee closed at $17.16 at the end of the last trading period.
  • With a current rating of In-Line, Evercore ISI Group initiated coverage on Electronic Arts Inc EA. The price target seems to have been set at $135.00 for Electronic Arts. In the second quarter, Electronic Arts showed an EPS of $0.05, compared to $0.97 from the year-ago quarter. The current stock performance of Electronic Arts shows a 52-week-high of 147.36 and a 52-week-low of 85.69. Moreover, at the end of the last trading period, the closing price was at $120.80.
  • With a current rating of Buy, Stifel initiated coverage on BigCommerce Holdings Inc BIGC. The price target seems to have been set at $80.00 for BigCommerce Holdings. Interestingly, in the third quarter, BigCommerce Holdings's EPS was $0.16. At the moment, the stock has a 52-week-high of 162.5 and a 52-week-low of 63.7716. BigCommerce Holdings closed at $66.79 at the end of the last trading period.
  • SVB Leerink initiated coverage on Abcam PLC ABCM with an Outperform rating. The price target for Abcam is set to $22.00. The current stock performance of Abcam shows a 52-week-high of 20.87 and a 52-week-low of 17.88. Moreover, at the end of the last trading period, the closing price was at $18.73.
  • Needham initiated coverage on Chewy Inc CHWY with a Buy rating. The price target for Chewy is set to $75.00. In the second quarter, Chewy showed an EPS of $0.08, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of 74.84 and a 52-week-low of 20.62. Chewy closed at $62.87 at the end of the last trading period.
  • With a current rating of Overweight, JP Morgan initiated coverage on Guild Holdings Co GHLD. The price target seems to have been set at $17.50 for Guild Holdings. The current stock performance of Guild Holdings shows a 52-week-high of 15.48 and a 52-week-low of 13.89. Moreover, at the end of the last trading period, the closing price was at $14.62.
  • Goldman Sachs initiated coverage on McAfee Corp MCFE with a Buy rating. The price target for McAfee is set to $26.00. At the moment, the stock has a 52-week-high of 18.91 and a 52-week-low of 15.42. McAfee closed at $17.16 at the end of the last trading period.
  • RBC Capital initiated coverage on Datto Holding Corp MSP with an Outperform rating. The price target for Datto Holding is set to $39.00. The stock has a 52-week-high of 33.46 and a 52-week-low of 27.34. At the end of the last trading period, Datto Holding closed at $32.71.
  • With a current rating of Outperform, BMO Capital initiated coverage on Datto Holding Corp MSP. The price target seems to have been set at $38.00 for Datto Holding. The current stock performance of Datto Holding shows a 52-week-high of 33.46 and a 52-week-low of 27.34. Moreover, at the end of the last trading period, the closing price was at $32.71.
  • Jefferies initiated coverage on Datto Holding Corp MSP with a Hold rating. The price target for Datto Holding is set to $35.00. The stock has a 52-week-high of 33.46 and a 52-week-low of 27.34. At the end of the last trading period, Datto Holding closed at $32.71.
Posted In: Initiationstop upgradesUpgradesDowngradesInitiationSmall CapIntraday UpdateAnalyst Ratings