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

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Upgrades

Stephens & Co. changed the rating for GATX Corp (NYSE: GATX) from Equal-Weight to Overweight. For the first quarter, GATX had an EPS of $1.31, compared to year-ago quarter EPS of $1.12. The stock has a 52-week-high of $86.01 and a 52-week-low of $50.69. GATX's stock last closed at $61.70 per share.

For Molina Healthcare Inc (NYSE: MOH), Cowen & Co. upgraded the stock from Market Perform to Outperform. Molina Healthcare earned $3.02 in the first quarter, compared to $3.04 in the year-ago quarter. The stock has a 52-week-high of $196.52 and a 52-week-low of $102.85. Molina Healthcare's stock last closed at $166.26 per share.

Gordon Haskett upgraded the stock for Parker Hannifin Corp (NYSE: PH) from Hold to Buy. For the third quarter, Parker Hannifin had an EPS of $2.92, compared to year-ago quarter EPS of $3.17. The stock has a 52-week-high of $215.94 and a 52-week-low of $93.00. Parker Hannifin's stock last closed at $183.72 per share.

For Lam Research Corp (NASDAQ: LRCX), Morgan Stanley upgraded the stock from Equal-Weight to Overweight. For the third quarter, Lam Research had an EPS of $3.98, compared to year-ago quarter EPS of $3.70. The stock has a 52-week-high of $344.32 and a 52-week-low of $172.38. Lam Research's stock last closed at $291.14 per share.

For LexinFintech Holdings Ltd (NASDAQ: LX), China Renaissance upgraded the stock from Hold to Buy. LexinFintech Holdings earned ($0.46) in the first quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $16.93 and a 52-week-low of $6.98. LexinFintech Holdings's stock last closed at $10.27 per share.

For Qualcomm Inc (NASDAQ: QCOM), Morgan Stanley upgraded the stock from Equal-Weight to Overweight. For the second quarter, Qualcomm had an EPS of $0.88, compared to year-ago quarter EPS of $0.77. The stock has a 52-week-high of $96.17 and a 52-week-low of $58.00. Qualcomm's stock last closed at $86.39 per share.

Morgan Stanley changed the rating for Qorvo Inc (NASDAQ: QRVO) from Equal-Weight to Overweight. Qorvo earned $1.57 in the fourth quarter, compared to $1.22 in the year-ago quarter. The stock has a 52-week-high of $122.37 and a 52-week-low of $60.37. Qorvo's stock last closed at $109.72 per share.

Piper Sandler upgraded the stock for Supernus Pharmaceuticals Inc (NASDAQ: SUPN) from Neutral to Overweight. In the first quarter, Supernus Pharmaceuticals showed an EPS of $0.40, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $34.11 and a 52-week-low of $13.12. Supernus Pharmaceuticals's stock last closed at $23.07 per share.

RBC Capital upgraded the stock for Kinross Gold Corp (NYSE: KGC) from Sector Perform to Outperform. Kinross Gold earned $0.10 in the first quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $7.67 and a 52-week-low of $2.72. Kinross Gold's stock last closed at $6.51 per share.

Canaccord Genuity changed the rating for Crane Co (NYSE: CR) from Hold to Buy. Crane earned $1.15 in the first quarter, compared to $1.45 in the year-ago quarter. The stock has a 52-week-high of $91.23 and a 52-week-low of $36.77. Crane's stock last closed at $55.05 per share.

Citigroup upgraded the stock for Cogent Communications Holdings Inc (NASDAQ: CCOI) from Neutral to Buy. For the first quarter, Cogent Comms Hldgs had an EPS of $0.20, compared to year-ago quarter EPS of $0.20. The stock has a 52-week-high of $92.96 and a 52-week-low of $53.24. Cogent Comms Hldgs's stock last closed at $75.92 per share.

 

Downgrades

  • Cowen & Co. downgraded the stock for Humana Inc (NYSE: HUM) from Outperform to Market Perform. In the first quarter, Humana showed an EPS of $5.40, compared to $4.48 from the year-ago quarter. The stock has a 52-week-high of $412.70 and a 52-week-low of $208.25. Humana's stock last closed at $379.07 per share.
  • B of A Securities changed the rating for Select Medical Holdings Corp (NYSE: SEM) from Neutral to Underperform. In the first quarter, Select Medical Holdings showed an EPS of $0.37, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $28.61 and a 52-week-low of $10.00. Select Medical Holdings's stock last closed at $16.20 per share.
  • Deutsche Bank downgraded the stock for Alcoa Corp (NYSE: AA) from Buy to Hold. In the first quarter, Alcoa showed an EPS of ($0.23), compared to ($0.23) from the year-ago quarter. The stock has a 52-week-high of $24.63 and a 52-week-low of $5.16. Alcoa's stock last closed at $11.42 per share.
  • HSBC downgraded the stock for Air Products & Chemicals Inc (NYSE: APD) from Buy to Hold. Air Products & Chemicals earned $2.04 in the second quarter, compared to $1.92 in the year-ago quarter. The stock has a 52-week-high of $257.01 and a 52-week-low of $167.43. Air Products & Chemicals's stock last closed at $237.06 per share.
  • Goldman Sachs downgraded the stock for Acuity Brands Inc (NYSE: AYI) from Neutral to Sell. In the second quarter, Acuity Brands showed an EPS of $1.84, compared to $1.99 from the year-ago quarter. The stock has a 52-week-high of $143.55 and a 52-week-low of $67.46. Acuity Brands's stock last closed at $97.67 per share.
  • Morgan Stanley downgraded the stock for Intel Corp (NASDAQ: INTC) from Overweight to Equal-Weight. Intel earned $1.45 in the first quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $69.29 and a 52-week-low of $43.63. Intel's stock last closed at $60.10 per share.
  • B. Riley FBR downgraded the stock for NeoPhotonics Corp (NYSE: NPTN) from Buy to Neutral. NeoPhotonics earned $0.17 in the first quarter, compared to ($0.19) in the year-ago quarter. The stock has a 52-week-high of $10.34 and a 52-week-low of $3.94. NeoPhotonics's stock last closed at $9.47 per share.
  • For NVIDIA Corp (NASDAQ: NVDA), Morgan Stanley downgraded the stock from Overweight to Equal-Weight. In the first quarter, NVIDIA showed an EPS of $1.80, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $380.00 and a 52-week-low of $142.84. NVIDIA's stock last closed at $366.95 per share.
  • Goldman Sachs downgraded the stock for Southern Copper Corp (NYSE: SCCO) from Buy to Neutral. For the first quarter, Southern Copper had an EPS of $0.28, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $44.82 and a 52-week-low of $23.43. Southern Copper's stock last closed at $37.20 per share.

 

Initiations

  • SVB Leerink initiated coverage on Pfizer Inc (NYSE: PFE) with a Market Perform rating. The price target for Pfizer is set at $40.00. Pfizer earned $0.80 in the first quarter, compared to $0.85 in the year-ago quarter. The stock has a 52-week-high of $44.56 and a 52-week-low of $27.88. Pfizer's stock last closed at $33.38 per share.
  • For Incyte Corp (NASDAQ: INCY), Benchmark initiated coverage, by setting the current rating at Hold. For the first quarter, Incyte had an EPS of ($2.86), compared to year-ago quarter EPS of $0.62. The stock has a 52-week-high of $104.81 and a 52-week-low of $62.48. Incyte's stock last closed at $93.51 per share.
  • With a rating of Outperform, RBC Capital initiated coverage on NeuBase Therapeutics Inc (NASDAQ: NBSE). The price target is set at $16.00 for NeuBase Therapeutics. For the second quarter, NeuBase Therapeutics had an EPS of ($0.26), compared to year-ago quarter EPS of ($0.33). The stock has a 52-week-high of $10.58 and a 52-week-low of $3.36. NeuBase Therapeutics's stock last closed at $10.32 per share.
  • Ascendiant Capital initiated coverage on Phunware Inc (NASDAQ: PHUN) with a Buy rating. The price target for Phunware is set at $4.00. Phunware earned ($0.10) in the first quarter, compared to ($0.12) in the year-ago quarter. The stock has a 52-week-high of $5.50 and a 52-week-low of $0.54. Phunware's stock last closed at $1.14 per share.
  • With a rating of Speculative Buy, Benchmark initiated coverage on Salarius Pharmaceuticals Inc (NASDAQ: SLRX). The price target is set at $5.00 for Salarius Pharmaceuticals. In the first quarter, Salarius Pharmaceuticals showed an EPS of ($0.22), compared to ($0.12) from the year-ago quarter. The stock has a 52-week-high of $14.82 and a 52-week-low of $0.56. Salarius Pharmaceuticals's stock last closed at $1.77 per share.
  • Needham initiated coverage on Cohu Inc (NASDAQ: COHU) with a Buy rating. The price target for Cohu is set at $20.00. For the first quarter, Cohu had an EPS of $0.00, compared to year-ago quarter EPS of ($0.03). The stock has a 52-week-high of $26.43 and a 52-week-low of $8.89. Cohu's stock last closed at $15.81 per share.
  • With a rating of Buy, HC Wainwright & Co. initiated coverage on Broadwind Inc (NASDAQ: BWEN). The price target is set at $6.00 for Broadwind. In the first quarter, Broadwind showed an EPS of $0.06, compared to ($0.07) from the year-ago quarter. The stock has a 52-week-high of $3.31 and a 52-week-low of $1.12. Broadwind's stock last closed at $2.80 per share.
  • For EnerSys (NYSE: ENS), BTIG initiated coverage, by setting the current rating at Neutral. For the fourth quarter, EnerSys had an EPS of $1.11, compared to year-ago quarter EPS of $1.43. The stock has a 52-week-high of $78.97 and a 52-week-low of $35.21. EnerSys's stock last closed at $64.69 per share.
  • With a rating of Buy, Nomura Instinet initiated coverage on Grocery Outlet Holding Corp (NASDAQ: GO). The price target is set at $40.00 for Grocery Outlet Holding. In the first quarter, Grocery Outlet Holding showed an EPS of ($0.73), compared to ($6.40) from the year-ago quarter. The stock has a 52-week-high of $47.57 and a 52-week-low of $27.75. Grocery Outlet Holding's stock last closed at $33.15 per share.
  • With a rating of Outperform, Raymond James initiated coverage on PAE Inc (NASDAQ: PAE). The price target is set at $15.00 for PAE. The stock has a 52-week-high of $12.76 and a 52-week-low of $3.10. PAE's stock last closed at $10.72 per share.
  • BTIG initiated coverage on TPI Composites Inc (NASDAQ: TPIC) with a Buy rating. The price target for TPI Composites is set at $30.00. For the first quarter, TPI Composites had an EPS of ($0.01), compared to year-ago quarter EPS of ($0.35). The stock has a 52-week-high of $27.80 and a 52-week-low of $9.19. TPI Composites's stock last closed at $21.85 per share.
  • B. Riley FBR initiated coverage on Purple Innovation Inc (NASDAQ: PRPL) with a Buy rating. The price target for Purple Innovation is set at $23.00. In the first quarter, Purple Innovation showed an EPS of $0.11, compared to ($0.02) from the year-ago quarter. The stock has a 52-week-high of $17.00 and a 52-week-low of $4.42. Purple Innovation's stock last closed at $16.61 per share.
  • With a rating of Overweight, Piper Sandler initiated coverage on Dentsply Sirona Inc (NASDAQ: XRAY). The price target is set at $51.00 for Dentsply Sirona. In the first quarter, Dentsply Sirona showed an EPS of $0.43, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of $60.87 and a 52-week-low of $31.57. Dentsply Sirona's stock last closed at $43.89 per share.
 

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