Market Overview

Benzinga's Top Upgrades, Downgrades For June 3, 2020

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Upgrades

  • Morgan Stanley upgraded the stock for Cloudera Inc (NYSE: CLDR) from Equal-Weight to Overweight. The stock has a 52-week-high of $12.22 and a 52-week-low of $4.76. Cloudera's stock last closed at $11.24 per share.
  • For Hologic Inc (NASDAQ: HOLX), Raymond James upgraded the stock from Market Perform to Outperform. For the second quarter, Hologic had an EPS of $0.57, compared to year-ago quarter EPS of $0.58. The stock has a 52-week-high of $55.25 and a 52-week-low of $26.49. Hologic's stock last closed at $52.71 per share.
  • Piper Sandler upgraded the stock for Kontoor Brands Inc (NYSE: KTB) from Neutral to Overweight. In the first quarter, Kontoor Brands earned $0.27. The stock has a 52-week-high of $43.23 and a 52-week-low of $12.90. Kontoor Brands's stock last closed at $17.03 per share.
  • DA Davidson changed the rating for Zoom Video Communications Inc (NASDAQ: ZM) from Neutral to Buy. For the first quarter, Zoom Video Communications had an EPS of $0.20, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $212.69 and a 52-week-low of $60.97. Zoom Video Communications's stock last closed at $208.08 per share.
  • For Zoom Video Communications Inc (NASDAQ: ZM), RBC Capital upgraded the stock from Sector Perform to Outperform. For the first quarter, Zoom Video Communications had an EPS of $0.20, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $212.69 and a 52-week-low of $60.97. Zoom Video Communications's stock last closed at $208.08 per share.

 

Initiations

  • Cowen & Co. initiated coverage on Deckers Outdoor Corp (NYSE: DECK) with an Outperform rating. The price target for Deckers Outdoor is set at $220.00. For the fourth quarter, Deckers Outdoor had an EPS of $0.57, compared to year-ago quarter EPS of $0.85. The stock has a 52-week-high of $204.10 and a 52-week-low of $78.70. Deckers Outdoor's stock last closed at $204.00 per share.
  • With a rating of Buy, Brookline Capital initiated coverage on Assertio Holdings Inc (NASDAQ: ASRT). The price target is set at $3.50 for Assertio Holdings. Assertio Holdings earned $0.10 in the first quarter, compared to $0.23 in the year-ago quarter. The stock has a 52-week-high of $3.63 and a 52-week-low of $0.55. Assertio Holdings's stock last closed at $0.99 per share.
  • For Allegion PLC (NYSE: ALLE), William Blair initiated coverage, by setting the current rating at Market Perform. Allegion earned $1.04 in the first quarter, compared to $0.88 in the year-ago quarter. The stock has a 52-week-high of $139.24 and a 52-week-low of $77.37. Allegion's stock last closed at $100.03 per share.
 

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