Benzinga's Top Upgrades, Downgrades For November 19, 2020

Upgrades

  • According to MKM Partners, the prior rating for Target Corp TGT was changed from Sell to Neutral. Target earned $2.79 in the third quarter, compared to $1.36 in the year-ago quarter. The stock has a 52-week-high of 172.1217 and a 52-week-low of 90.17. At the end of the last trading period, Target closed at $166.88.
  • Citigroup upgraded the previous rating for Coty Inc COTY from Neutral to Buy. In the first quarter, Coty showed an EPS of $0.02, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of 13.01 and a 52-week-low of 2.65. Coty closed at $5.30 at the end of the last trading period.
  • For Cohen & Steers Inc CNS, B of A Securities upgraded the previous rating of Neutral to the current rating Buy. For the third quarter, Cohen & Steers had an EPS of $0.67, compared to year-ago quarter EPS of $0.65. At the moment, the stock has a 52-week-high of 78.23 and a 52-week-low of 33.52. Cohen & Steers closed at $67.00 at the end of the last trading period.
  • For Intercontinental Exchange Inc ICE, Raymond James upgraded the previous rating of Outperform to the current rating Strong Buy. In the third quarter, Intercontinental Exchange showed an EPS of $1.03, compared to $1.06 from the year-ago quarter. The stock has a 52-week-high of 106.99 and a 52-week-low of 63.51. At the end of the last trading period, Intercontinental Exchange closed at $99.51.
  • For ZoomInfo Technologies Inc ZI, Morgan Stanley upgraded the previous rating of Equal-Weight to the current rating Overweight. Interestingly, in the third quarter, ZoomInfo Technologies's EPS was $0.11. The stock has a 52-week-high of 64.4 and a 52-week-low of 30.83. At the end of the last trading period, ZoomInfo Technologies closed at $39.59.
  • Keefe, Bruyette & Woods upgraded the previous rating for State Street Corporation STT from Market Perform to Outperform. State Street earned $1.45 in the third quarter, compared to $1.51 in the year-ago quarter. The stock has a 52-week-high of 85.89 and a 52-week-low of 42.1. At the end of the last trading period, State Street closed at $69.18.
  • Jefferies upgraded the previous rating for Shopify Inc SHOP from Hold to Buy. For the third quarter, Shopify had an EPS of $1.13, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of 1146.91 and a 52-week-low of 305.3001. Shopify closed at $931.43 at the end of the last trading period.
  • Jefferies upgraded the previous rating for L Brands Inc LB from Underperform to Hold. In the third quarter, L Brands showed an EPS of $1.13, compared to $0.02 from the year-ago quarter. The current stock performance of L Brands shows a 52-week-high of 35.92 and a 52-week-low of 8.0. Moreover, at the end of the last trading period, the closing price was at $33.69.
  • Credit Suisse upgraded the previous rating for International Game Technology PLC IGT from Underperform to Neutral. In the third quarter, Intl Game Tech showed an EPS of $0.26, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of 15.84 and a 52-week-low of 3.59. Intl Game Tech closed at $12.07 at the end of the last trading period.
  • According to RBC Capital, the prior rating for GoodRx Holdings Inc GDRX was changed from Sector Perform to Outperform. Interestingly, in the third quarter, GoodRx Holdings's EPS was $0.09. The current stock performance of GoodRx Holdings shows a 52-week-high of 64.2185 and a 52-week-low of 33.51. Moreover, at the end of the last trading period, the closing price was at $33.76.
  • For Cree Inc CREE, JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. For the first quarter, Cree had an EPS of $0.19, compared to year-ago quarter EPS of $0.03. The current stock performance of Cree shows a 52-week-high of 77.19 and a 52-week-low of 27.77. Moreover, at the end of the last trading period, the closing price was at $72.61.
  • Keefe, Bruyette & Woods upgraded the previous rating for Citigroup Inc C from Market Perform to Outperform. At the moment, the stock has a 52-week-high of 83.11 and a 52-week-low of 32.0. Citigroup closed at $51.05 at the end of the last trading period.
  • According to Stifel, the prior rating for AZZ Inc AZZ was changed from Hold to Buy. For the second quarter, AZZ had an EPS of $0.49, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of 49.46 and a 52-week-low of 19.31. At the end of the last trading period, AZZ closed at $39.78.

 

Downgrades

  • B of A Securities downgraded the previous rating for T. Rowe Price Group Inc TROW from Buy to Neutral. T. Rowe Price Group earned $2.55 in the third quarter, compared to $2.13 in the year-ago quarter. The stock has a 52-week-high of 148.88 and a 52-week-low of 82.51. At the end of the last trading period, T. Rowe Price Group closed at $139.79.
  • Mizuho downgraded the previous rating for Portland General Electric Co POR from Buy to Neutral. For the third quarter, Portland General Electric had an EPS of $0.19, compared to year-ago quarter EPS of $0.61. At the moment, the stock has a 52-week-high of 63.08 and a 52-week-low of 31.96. Portland General Electric closed at $42.41 at the end of the last trading period.
  • Loop Capital downgraded the previous rating for Cinemark Holdings Inc CNK from Buy to Hold. Cinemark Hldgs earned $1.25 in the third quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of 35.74 and a 52-week-low of 5.71. Cinemark Hldgs closed at $14.90 at the end of the last trading period.
  • Credit Suisse downgraded the previous rating for Robert Half International Inc RHI from Neutral to Underperform. For the third quarter, Robert Half International had an EPS of $0.67, compared to year-ago quarter EPS of $1.01. The stock has a 52-week-high of 66.78 and a 52-week-low of 32.38. At the end of the last trading period, Robert Half International closed at $65.35.
  • For JPMorgan Chase & Co JPM, Keefe, Bruyette & Woods downgraded the previous rating of Outperform to the current rating Market Perform. For the third quarter, JPMorgan Chase had an EPS of $2.92, compared to year-ago quarter EPS of $2.68. The stock has a 52-week-high of 141.1 and a 52-week-low of 76.91. At the end of the last trading period, JPMorgan Chase closed at $115.24.
  • JP Morgan downgraded the previous rating for FuelCell Energy Inc FCEL from Overweight to Neutral. The stock has a 52-week-high of 5.8 and a 52-week-low of 0.4759. At the end of the last trading period, FuelCell Energy closed at $5.10.
  • For Foundation Building Materials Inc FBM, Truist Securities downgraded the previous rating of Buy to the current rating Hold. Foundation Building earned $0.31 in the third quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of 21.62 and a 52-week-low of 7.99. At the end of the last trading period, Foundation Building closed at $19.18.
  • Canaccord Genuity downgraded the previous rating for Cubic Corp CUB from Buy to Hold. For the fourth quarter, Cubic had an EPS of $2.82, compared to year-ago quarter EPS of $1.86. The stock has a 52-week-high of 74.11 and a 52-week-low of 30.86. At the end of the last trading period, Cubic closed at $64.78.
  • Keefe, Bruyette & Woods downgraded the previous rating for Bank of New York Mellon Corp BK from Outperform to Market Perform. Bank of New York Mellon earned $0.98 in the third quarter, compared to $1.07 in the year-ago quarter. The current stock performance of Bank of New York Mellon shows a 52-week-high of 51.6 and a 52-week-low of 26.4. Moreover, at the end of the last trading period, the closing price was at $38.73.

 

Initiations

  • With a current rating of Buy, Berenberg initiated coverage on The Trade Desk Inc TTD. The price target seems to have been set at $903.00 for Trade Desk. In the third quarter, Trade Desk showed an EPS of $1.27, compared to $0.75 from the year-ago quarter. The stock has a 52-week-high of 847.5 and a 52-week-low of 136.0. At the end of the last trading period, Trade Desk closed at $772.42.
  • Roth Capital initiated coverage on Perion Network Ltd PERI with a Buy rating. The price target for Perion Network is set to $10.75. In the third quarter, Perion Network showed an EPS of $0.21, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of 9.7 and a 52-week-low of 3.43. At the end of the last trading period, Perion Network closed at $7.56.
  • With a current rating of Overweight, Piper Sandler initiated coverage on NextEra Energy Inc NEE. The price target seems to have been set at $81.00 for NextEra Energy. For the third quarter, NextEra Energy had an EPS of $2.66, compared to year-ago quarter EPS of $2.39. The stock has a 52-week-high of 1232.24 and a 52-week-low of 72.5. At the end of the last trading period, NextEra Energy closed at $75.77.
  • Berenberg initiated coverage on FuboTV Inc FUBO with a Buy rating. The price target for FuboTV is set to $28.00. In the third quarter, FuboTV showed an EPS of $1.65, compared to $0.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of 23.8799 and a 52-week-low of 8.12. FuboTV closed at $20.88 at the end of the last trading period.
  • Goldman Sachs initiated coverage on Cognizant Technology Solutions Corp CTSH with a Buy rating. The price target for Cognizant Tech Solns is set to $90.00. Cognizant Tech Solns earned $0.97 in the third quarter, compared to $1.08 in the year-ago quarter. The current stock performance of Cognizant Tech Solns shows a 52-week-high of 78.47 and a 52-week-low of 40.01. Moreover, at the end of the last trading period, the closing price was at $74.70.
  • With a current rating of Neutral, Goldman Sachs initiated coverage on Black Knight Inc BKI. The price target seems to have been set at $103.00 for Black Knight. For the third quarter, Black Knight had an EPS of $0.52, compared to year-ago quarter EPS of $0.51. At the moment, the stock has a 52-week-high of 97.19 and a 52-week-low of 50.01. Black Knight closed at $94.03 at the end of the last trading period.
  • With a current rating of Buy, Citigroup initiated coverage on Arrowhead Pharmaceuticals Inc ARWR. The price target seems to have been set at $90.00 for Arrowhead Pharmaceuticals. Arrowhead Pharmaceuticals earned $0.13 in the third quarter, compared to $0.21 in the year-ago quarter. The current stock performance of Arrowhead Pharmaceuticals shows a 52-week-high of 73.72 and a 52-week-low of 19.5101. Moreover, at the end of the last trading period, the closing price was at $68.36.
  • Goldman Sachs initiated coverage on Accenture PLC ACN with a Buy rating. The price target for Accenture is set to $278.00. Accenture earned $1.70 in the fourth quarter, compared to $1.74 in the year-ago quarter. The stock has a 52-week-high of 248.0 and a 52-week-low of 137.152. At the end of the last trading period, Accenture closed at $239.70.
  • Baird initiated coverage on Nurix Therapeutics Inc NRIX with an Outperform rating. The price target for Nurix Therapeutics is set to $40.00. In the third quarter, Nurix Therapeutics showed an EPS of $0.59, compared to $0.66 from the year-ago quarter. The current stock performance of Nurix Therapeutics shows a 52-week-high of 37.46 and a 52-week-low of 15.21. Moreover, at the end of the last trading period, the closing price was at $34.17.
  • With a current rating of Overweight, Cantor Fitzgerald initiated coverage on Forma Therapeutics Holdings Inc FMTX. The price target seems to have been set at $61.00 for Forma Therapeutics Hldgs. Forma Therapeutics Hldgs earned $0.67 in the third quarter. The current stock performance of Forma Therapeutics Hldgs shows a 52-week-high of 52.7499 and a 52-week-low of 31.45. Moreover, at the end of the last trading period, the closing price was at $38.32.
  • SMBC Nikko initiated coverage on Arena Pharmaceuticals Inc ARNA with an Outperform rating. The price target for Arena Pharmaceuticals is set to $100.00. In the third quarter, Arena Pharmaceuticals showed an EPS of $1.69, compared to $1.46 from the year-ago quarter. The current stock performance of Arena Pharmaceuticals shows a 52-week-high of 90.19 and a 52-week-low of 32.95. Moreover, at the end of the last trading period, the closing price was at $63.85.
  • Needham initiated coverage on Apellis Pharmaceuticals Inc APLS with a Buy rating. The price target for Apellis Pharmaceuticals is set to $59.00. In the third quarter, Apellis Pharmaceuticals showed an EPS of $1.79, compared to $1.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of 45.04 and a 52-week-low of 16.85. Apellis Pharmaceuticals closed at $41.58 at the end of the last trading period.
Posted In: Initiationstop upgradesUpgradesDowngradesInitiationSmall CapIntraday UpdateAnalyst Ratings