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Benzinga's Top Upgrades, Downgrades For May 28, 2020

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Upgrades

  • Wedbush changed the rating for Signature Bank (NASDAQ: SBNY) from Neutral to Outperform. For the first quarter, Signature Bank had an EPS of $1.88, compared to year-ago quarter EPS of $2.64. The stock has a 52-week-high of $148.64 and a 52-week-low of $68.98. Signature Bank's stock last closed at $109.99 per share.
  • B of A Securities upgraded the stock for Helix Energy Solutions Group Inc (NYSE: HLX) from Neutral to Buy. Helix Energy Solutions Gr earned ($0.04) in the first quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $10.00 and a 52-week-low of $0.99. Helix Energy Solutions Gr's stock last closed at $3.32 per share.
  • B of A Securities changed the rating for Helmerich & Payne Inc (NYSE: HP) from Neutral to Buy. For the second quarter, Helmerich & Payne had an EPS of ($0.01), compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $53.05 and a 52-week-low of $12.40. Helmerich & Payne's stock last closed at $19.62 per share.
  • Morgan Stanley upgraded the stock for Ally Financial Inc (NYSE: ALLY) from Equal-Weight to Overweight. For the first quarter, Ally Financial had an EPS of ($0.44), compared to year-ago quarter EPS of $0.80. The stock has a 52-week-high of $35.42 and a 52-week-low of $10.22. Ally Financial's stock last closed at $18.61 per share.
  • DNB Markets changed the rating for DHT Holdings Inc (NYSE: DHT) from Hold to Buy. For the first quarter, DHT Holdings had an EPS of $0.44, compared to year-ago quarter EPS of $0.12. The stock has a 52-week-high of $8.83 and a 52-week-low of $4.77. DHT Holdings's stock last closed at $6.19 per share.
  • JP Morgan upgraded the stock for DouYu International Holdings Ltd (NASDAQ: DOYU) from Neutral to Overweight. In the first quarter, DouYu International Hldgs earned $0.13. The stock has a 52-week-high of $11.88 and a 52-week-low of $6.11. DouYu International Hldgs's stock last closed at $8.13 per share.
  • For Frontline Ltd (NYSE: FRO), DNB Markets upgraded the stock from Hold to Buy. Frontline earned $0.91 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $13.33 and a 52-week-low of $6.08. Frontline's stock last closed at $9.09 per share.
  • Piper Sandler changed the rating for Helmerich & Payne Inc (NYSE: HP) from Neutral to Overweight. For the second quarter, Helmerich & Payne had an EPS of ($0.01), compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $53.05 and a 52-week-low of $12.40. Helmerich & Payne's stock last closed at $19.62 per share.
  • Morgan Stanley changed the rating for SL Green Realty Corp (NYSE: SLG) from Underweight to Equal-Weight. In the first quarter, SL Green Realty showed an EPS of $2.08, compared to $1.70 from the year-ago quarter. The stock has a 52-week-high of $96.39 and a 52-week-low of $35.16. SL Green Realty's stock last closed at $44.05 per share.
  • For Teekay Tankers Ltd (NYSE: TNK), DNB Markets upgraded the stock from Hold to Buy. Teekay Tankers earned $3.27 in the first quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $26.92 and a 52-week-low of $0.96. Teekay Tankers's stock last closed at $18.50 per share.
  • Piper Sandler changed the rating for Bill.com Holdings Inc (NYSE: BILL) from Neutral to Overweight. Interestingly, in the first quarter, Bill.com Holdings's EPS was ($0.04). The stock has a 52-week-high of $97.84 and a 52-week-low of $23.61. Bill.com Holdings's stock last closed at $64.38 per share.
  • KeyBanc changed the rating for Qualcomm Inc (NASDAQ: QCOM) from Sector Weight to Overweight. Qualcomm earned $0.88 in the second quarter, compared to $0.77 in the year-ago quarter. The stock has a 52-week-high of $96.17 and a 52-week-low of $58.00. Qualcomm's stock last closed at $79.29 per share.

 

Downgrades

  • Credit Suisse changed the rating for Boston Beer Co Inc (NYSE: SAM) from Outperform to Neutral. In the first quarter, Boston Beer Co showed an EPS of $1.60, compared to $1.87 from the year-ago quarter. The stock has a 52-week-high of $539.08 and a 52-week-low of $290.02. Boston Beer Co's stock last closed at $538.42 per share.
  • Wedbush changed the rating for Coupa Software Inc (NASDAQ: COUP) from Outperform to Neutral. For the fourth quarter, Coupa Software had an EPS of $0.21, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $230.87 and a 52-week-low of $99.01. Coupa Software's stock last closed at $210.71 per share.
  • SunTrust Robinson Humphrey changed the rating for Heico Corp (NYSE: HEI) from Buy to Hold. In the second quarter, Heico showed an EPS of $0.55, compared to $0.60 from the year-ago quarter. The stock has a 52-week-high of $147.93 and a 52-week-low of $52.01. Heico's stock last closed at $105.29 per share.
  • Credit Suisse changed the rating for Arco Platform Ltd (NASDAQ: ARCE) from Outperform to Neutral. For the first quarter, Arco Platform had an EPS of $0.23, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $59.49 and a 52-week-low of $29.09. Arco Platform's stock last closed at $50.58 per share.
  • Redburn downgraded the stock for Spotify Technology SA (NYSE: SPOT) from Buy to Neutral. In the first quarter, Spotify Technology showed an EPS of ($0.22), compared to ($0.90) from the year-ago quarter. The stock has a 52-week-high of $196.75 and a 52-week-low of $109.18. Spotify Technology's stock last closed at $185.67 per share.
  • For HP Inc (NYSE: HPQ), JP Morgan downgraded the stock from Overweight to Neutral. HP earned $0.51 in the second quarter, compared to $0.53 in the year-ago quarter. The stock has a 52-week-high of $23.93 and a 52-week-low of $12.54. HP's stock last closed at $17.13 per share.
  • Imperial Capital changed the rating for The Walt Disney Co (NYSE: DIS) from In-Line to Underperform. For the second quarter, Walt Disney had an EPS of $0.60, compared to year-ago quarter EPS of $1.61. 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 $121.51 per share.

 

Initiations

  • Credit Suisse initiated coverage on D.R. Horton Inc (NYSE: DHI) with an Outperform rating. The price target for D.R. Horton is set at $65.00. D.R. Horton earned $1.30 in the second quarter, compared to $0.93 in the year-ago quarter. The stock has a 52-week-high of $62.54 and a 52-week-low of $25.51. D.R. Horton's stock last closed at $58.83 per share.
  • With a rating of Neutral, Credit Suisse initiated coverage on PulteGroup Inc (NYSE: PHM). The price target is set at $36.00 for PulteGroup. In the first quarter, PulteGroup showed an EPS of $0.74, compared to $0.59 from the year-ago quarter. The stock has a 52-week-high of $47.37 and a 52-week-low of $17.12. PulteGroup's stock last closed at $36.46 per share.
  • With a rating of Neutral, Credit Suisse initiated coverage on Lennar Corp (NYSE: LEN). The price target is set at $62.00 for Lennar. In the first quarter, Lennar showed an EPS of $1.27, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $71.38 and a 52-week-low of $25.42. Lennar's stock last closed at $65.00 per share.
  • Credit Suisse initiated coverage on KB Home (NYSE: KBH) with an Outperform rating. The price target for KB Home is set at $36.00. 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 $35.16 per share.
  • Credit Suisse initiated coverage on Toll Brothers Inc (NYSE: TOL) with a Neutral rating. The price target for Toll Brothers is set at $31.00. For the second quarter, Toll Brothers had an EPS of $0.59, compared to year-ago quarter EPS of $0.87. The stock has a 52-week-high of $49.31 and a 52-week-low of $13.28. Toll Brothers's stock last closed at $32.95 per share.
  • Credit Suisse initiated coverage on Armstrong World Industries Inc (NYSE: AWI) with an Outperform rating. The price target for Armstrong World Indus is set at $88.00. For the first quarter, Armstrong World Indus had an EPS of $1.10, compared to year-ago quarter EPS of $1.10. The stock has a 52-week-high of $111.46 and a 52-week-low of $62.03. Armstrong World Indus's stock last closed at $76.74 per share.
  • With a rating of Buy, MKM Partners initiated coverage on Callon Petroleum Co (NYSE: CPE). The price target is set at $2.00 for Callon Petroleum. Callon Petroleum earned $0.12 in the first quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $7.20 and a 52-week-low of $0.38. Callon Petroleum's stock last closed at $0.74 per share.
  • With a rating of Outperform, Credit Suisse initiated coverage on Carlisle Companies Inc (NYSE: CSL). The price target is set at $146.00 for Carlisle Companies. Carlisle Companies earned $1.29 in the first quarter, compared to $1.41 in the year-ago quarter. The stock has a 52-week-high of $169.86 and a 52-week-low of $97.55. Carlisle Companies's stock last closed at $123.15 per share.
  • With a rating of Neutral, Credit Suisse initiated coverage on Fortune Brands Home & Security Inc (NYSE: FBHS). The price target is set at $64.00 for Fortune Brands Home. For the first quarter, Fortune Brands Home had an EPS of $0.81, compared to year-ago quarter EPS of $0.63. The stock has a 52-week-high of $73.28 and a 52-week-low of $33.90. Fortune Brands Home's stock last closed at $64.24 per share.
  • Credit Suisse initiated coverage on Installed Building Products Inc (NYSE: IBP) with an Outperform rating. The price target for Installed Building Prods is set at $79.00. For the first quarter, Installed Building Prods had an EPS of $0.78, compared to year-ago quarter EPS of $0.51. The stock has a 52-week-high of $80.25 and a 52-week-low of $29.02. Installed Building Prods's stock last closed at $70.74 per share.
  • With a rating of Underperform, Credit Suisse initiated coverage on JELD-WEN Holding Inc (NYSE: JELD). The price target is set at $10.00 for JELD-WEN Holding. JELD-WEN Holding earned $0.13 in the first quarter, compared to $0.23 in the year-ago quarter. The stock has a 52-week-high of $27.00 and a 52-week-low of $6.06. JELD-WEN Holding's stock last closed at $15.51 per share.
  • Credit Suisse initiated coverage on Masco Corp (NYSE: MAS) with an Outperform rating. The price target for Masco is set at $55.00. For the first quarter, Masco had an EPS of $0.46, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $50.06 and a 52-week-low of $27.04. Masco's stock last closed at $47.08 per share.
  • Credit Suisse initiated coverage on Mohawk Industries Inc (NYSE: MHK) with an Underperform rating. The price target for Mohawk Industries is set at $62.00. 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 $99.43 per share.
  • Credit Suisse initiated coverage on Owens-Corning Inc (NYSE: OC) with a Neutral rating. The price target for Owens-Corning is set at $48.00. In the first quarter, Owens-Corning showed an EPS of $0.60, compared to $0.54 from the year-ago quarter. The stock has a 52-week-high of $68.72 and a 52-week-low of $28.56. Owens-Corning's stock last closed at $54.43 per share.
  • With a rating of Overweight, Morgan Stanley initiated coverage on PolyOne Corp (NYSE: POL). The price target is set at $30.00 for PolyOne. For the first quarter, PolyOne had an EPS of $0.48, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $37.33 and a 52-week-low of $8.69. PolyOne's stock last closed at $25.74 per share.
  • Credit Suisse initiated coverage on Stanley Black & Decker Inc (NYSE: SWK) with a Neutral rating. The price target for Stanley Black & Decker is set at $125.00. For the first quarter, Stanley Black & Decker had an EPS of $1.20, compared to year-ago quarter EPS of $1.42. The stock has a 52-week-high of $173.67 and a 52-week-low of $70.00. Stanley Black & Decker's stock last closed at $132.89 per share.
  • DA Davidson initiated coverage on Treehouse Foods Inc (NYSE: THS) with a Buy rating. The price target for Treehouse Foods is set at $62.00. For the first quarter, Treehouse Foods had an EPS of $0.37, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $60.38 and a 52-week-low of $33.50. Treehouse Foods's stock last closed at $51.65 per share.
  • With a rating of Neutral, Piper Sandler initiated coverage on Universal Insurance Holdings Inc (NYSE: UVE). The price target is set at $19.00 for Universal Insurance Hldgs. In the first quarter, Universal Insurance Hldgs showed an EPS of $0.79, compared to $1.00 from the year-ago quarter. The stock has a 52-week-high of $30.79 and a 52-week-low of $14.20. Universal Insurance Hldgs's stock last closed at $18.75 per share.
  • Credit Suisse initiated coverage on Whirlpool Corp (NYSE: WHR) with an Underperform rating. The price target for Whirlpool is set at $90.00. Whirlpool earned $2.82 in the first quarter, compared to $3.11 in the year-ago quarter. The stock has a 52-week-high of $163.64 and a 52-week-low of $64.00. Whirlpool's stock last closed at $129.17 per share.
 

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