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Benzinga's Top Upgrades, Downgrades For July 9, 2020

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Upgrades

  • For JPMorgan Chase & Co (NYSE: JPM), DA Davidson upgraded the stock from Neutral to Buy. For the first quarter, JPMorgan Chase had an EPS of $2.89, compared to year-ago quarter EPS of $2.65. The stock has a 52-week-high of $141.10 and a 52-week-low of $76.91. JPMorgan Chase's stock last closed at $93.31 per share.
  • Gordon Haskett upgraded the stock for W.W. Grainger Inc (NYSE: GWW) from Underperform to Hold. In the first quarter, W.W. Grainger showed an EPS of $4.24, compared to $4.51 from the year-ago quarter. The stock has a 52-week-high of $346.60 and a 52-week-low of $200.61. W.W. Grainger's stock last closed at $308.87 per share.
  • B of A Securities changed the rating for Pentair PLC (NYSE: PNR) from Underperform to Buy. For the first quarter, Pentair had an EPS of $0.52, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $47.43 and a 52-week-low of $22.01. Pentair's stock last closed at $36.61 per share.
  • Janney Capital changed the rating for Six Flags Entertainment Corp (NYSE: SIX) from Neutral to Buy. In the first quarter, Six Flags Entertainment showed an EPS of ($1.00), compared to ($0.82) from the year-ago quarter. The stock has a 52-week-high of $59.52 and a 52-week-low of $8.75. Six Flags Entertainment's stock last closed at $19.50 per share.
  • Barclays changed the rating for Becton, Dickinson and Co (NYSE: BDX) from Equal-Weight to Overweight. Becton, Dickinson earned $2.55 in the second quarter, compared to $2.59 in the year-ago quarter. The stock has a 52-week-high of $286.72 and a 52-week-low of $197.75. Becton, Dickinson's stock last closed at $252.65 per share.
  • Morgan Stanley changed the rating for Cisco Systems Inc (NASDAQ: CSCO) from Equal-Weight to Overweight. In the third quarter, Cisco Systems showed an EPS of $0.79, compared to $0.78 from the year-ago quarter. The stock has a 52-week-high of $58.26 and a 52-week-low of $32.40. Cisco Systems's stock last closed at $45.81 per share.
  • For F5 Networks Inc (NASDAQ: FFIV), Morgan Stanley upgraded the stock from Equal-Weight to Overweight. For the second quarter, F5 Networks had an EPS of $2.23, compared to year-ago quarter EPS of $2.57. The stock has a 52-week-high of $153.99 and a 52-week-low of $79.78. F5 Networks's stock last closed at $134.16 per share.
  • Goldman Sachs changed the rating for Keurig Dr Pepper Inc (NYSE: KDP) from Neutral to Buy. Keurig Dr Pepper earned $0.29 in the first quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $32.00 and a 52-week-low of $18.98. Keurig Dr Pepper's stock last closed at $28.61 per share.
  • SunTrust Robinson Humphrey changed the rating for Regeneron Pharmaceuticals Inc (NASDAQ: REGN) from Hold to Buy. Regeneron Pharmaceuticals earned $6.60 in the first quarter, compared to $4.45 in the year-ago quarter. The stock has a 52-week-high of $653.53 and a 52-week-low of $271.37. Regeneron Pharmaceuticals's stock last closed at $640.34 per share.
  • Oppenheimer changed the rating for Prothena Corp PLC (NASDAQ: PRTA) from Perform to Outperform. In the first quarter, Prothena Corp showed an EPS of ($0.59), compared to ($0.52) from the year-ago quarter. The stock has a 52-week-high of $17.63 and a 52-week-low of $6.71. Prothena Corp's stock last closed at $10.92 per share.
  • Jefferies changed the rating for Fleetcor Technologies Inc (NYSE: FLT) from Hold to Buy. For the first quarter, Fleetcor Technologies had an EPS of $3.00, compared to year-ago quarter EPS of $2.67. The stock has a 52-week-high of $329.85 and a 52-week-low of $168.51. Fleetcor Technologies's stock last closed at $253.72 per share.
  • JP Morgan changed the rating for Ormat Technologies Inc (NYSE: ORA) from Neutral to Overweight. Ormat Technologies earned $0.53 in the first quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $87.07 and a 52-week-low of $55.22. Ormat Technologies's stock last closed at $62.42 per share.
  • Oppenheimer changed the rating for Autodesk Inc (NASDAQ: ADSK) from Perform to Outperform. In the first quarter, Autodesk showed an EPS of $0.85, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $248.35 and a 52-week-low of $125.38. Autodesk's stock last closed at $243.90 per share.
  • Piper Sandler changed the rating for ProAssurance Corp (NYSE: PRA) from Underweight to Neutral. For the first quarter, Proassurance had an EPS of ($0.02), compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $42.03 and a 52-week-low of $12.67. Proassurance's stock last closed at $13.64 per share.

 

Downgrades

  • DA Davidson changed the rating for Bank of America Corp (NYSE: BAC) from Buy to Neutral. In the first quarter, Bank of America showed an EPS of $0.40, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $35.72 and a 52-week-low of $17.95. Bank of America's stock last closed at $23.10 per share.
  • JP Morgan changed the rating for Hub Group Inc (NASDAQ: HUBG) from Overweight to Neutral. Hub Group earned $0.47 in the first quarter, compared to $0.71 in the year-ago quarter. The stock has a 52-week-high of $60.41 and a 52-week-low of $36.51. Hub Group's stock last closed at $50.53 per share.
  • For KLA Corp (NASDAQ: KLAC), Cowen & Co. downgraded the stock from Outperform to Market Perform. KLA earned $2.47 in the third quarter, compared to $1.80 in the year-ago quarter. The stock has a 52-week-high of $206.51 and a 52-week-low of $110.19. KLA's stock last closed at $204.51 per share.
  • Janney Capital changed the rating for SeaWorld Entertainment Inc (NYSE: SEAS) from Buy to Neutral. For the first quarter, SeaWorld Entertainment had an EPS of ($0.72), compared to year-ago quarter EPS of ($0.41). The stock has a 52-week-high of $36.96 and a 52-week-low of $6.75. SeaWorld Entertainment's stock last closed at $16.18 per share.
  • For Square Inc (NYSE: SQ), Cowen & Co. downgraded the stock from Outperform to Market Perform. Square earned ($0.02) in the first quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $133.43 and a 52-week-low of $32.33. Square's stock last closed at $133.36 per share.
  • JP Morgan changed the rating for U.S. Xpress Enterprises Inc (NYSE: USX) from Overweight to Neutral. For the first quarter, U.S. Xpress Enterprises had an EPS of ($0.15), compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $6.61 and a 52-week-low of $2.65. U.S. Xpress Enterprises's stock last closed at $6.08 per share.
  • BTIG downgraded the stock for Wingstop Inc (NASDAQ: WING) from Buy to Neutral. In the first quarter, Wingstop showed an EPS of $0.27, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $146.13 and a 52-week-low of $44.27. Wingstop's stock last closed at $140.73 per share.
  • Barclays changed the rating for CoreLogic Inc (NYSE: CLGX) from Overweight to Equal-Weight. For the first quarter, CoreLogic had an EPS of $0.76, compared to year-ago quarter EPS of $0.45. The stock has a 52-week-high of $69.36 and a 52-week-low of $24.69. CoreLogic's stock last closed at $67.88 per share.
  • For National General Holdings Corp (NASDAQ: NGHC), JMP Securities downgraded the stock from Market Outperform to Market Perform. In the first quarter, National General Holdings showed an EPS of $0.91, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $33.84 and a 52-week-low of $11.82. National General Holdings's stock last closed at $33.84 per share.
  • B. Riley FBR downgraded the stock for National General Holdings Corp (NASDAQ: NGHC) from Buy to Neutral. In the first quarter, National General Holdings showed an EPS of $0.91, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $33.84 and a 52-week-low of $11.82. National General Holdings's stock last closed at $33.84 per share.
  • Barclays downgraded the stock for Plug Power Inc (NASDAQ: PLUG) from Overweight to Equal-Weight. Plug Power earned ($0.12) in the first quarter, compared to ($0.15) in the year-ago quarter. The stock has a 52-week-high of $10.49 and a 52-week-low of $1.88. Plug Power's stock last closed at $9.50 per share.

 

Initiations

  • Credit Suisse initiated coverage on Bloomin Brands Inc (NASDAQ: BLMN) with a Neutral rating. The price target for Bloomin Brands is set at $12.00. Bloomin Brands earned $0.14 in the first quarter, compared to $0.75 in the year-ago quarter. The stock has a 52-week-high of $24.29 and a 52-week-low of $4.54. Bloomin Brands's stock last closed at $10.19 per share.
  • Credit Suisse initiated coverage on Cheesecake Factory Inc (NASDAQ: CAKE) with a Neutral rating. The price target for Cheesecake Factory is set at $24.00. In the first quarter, Cheesecake Factory showed an EPS of $0.04, compared to $0.62 from the year-ago quarter. The stock has a 52-week-high of $45.24 and a 52-week-low of $14.52. Cheesecake Factory's stock last closed at $21.45 per share.
  • With a rating of Outperform, Credit Suisse initiated coverage on Darden Restaurants Inc (NYSE: DRI). The price target is set at $95.00 for Darden Restaurants. For the fourth quarter, Darden Restaurants had an EPS of ($1.24), compared to year-ago quarter EPS of $1.76. The stock has a 52-week-high of $128.41 and a 52-week-low of $26.15. Darden Restaurants's stock last closed at $73.11 per share.
  • With a rating of Neutral, Daiwa Capital initiated coverage on Dell Technologies Inc (NYSE: DELL). The price target is set at $54.00 for Dell Technologies. In the first quarter, Dell Technologies showed an EPS of $1.34, compared to $1.45 from the year-ago quarter. The stock has a 52-week-high of $59.17 and a 52-week-low of $25.51. Dell Technologies's stock last closed at $54.14 per share.
  • Credit Suisse initiated coverage on Texas Roadhouse Inc (NASDAQ: TXRH) with an Outperform rating. The price target for Texas Roadhouse is set at $63.00. In the first quarter, Texas Roadhouse showed an EPS of $0.24, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $72.49 and a 52-week-low of $25.15. Texas Roadhouse's stock last closed at $49.06 per share.
  • Needham initiated coverage on Alibaba Group Holding Ltd (NYSE: BABA) with a Buy rating. The price target for Alibaba Group Holding is set at $275.00. Alibaba Group Holding earned $1.30 in the fourth quarter, compared to $1.28 in the year-ago quarter. The stock has a 52-week-high of $258.49 and a 52-week-low of $151.85. Alibaba Group Holding's stock last closed at $257.62 per share.
  • With a rating of Neutral, Piper Sandler initiated coverage on CNX Resources Corp (NYSE: CNX). The price target is set at $9.00 for CNX Resources. CNX Resources earned $0.61 in the first quarter, compared to $0.34 in the year-ago quarter. The stock has a 52-week-high of $14.19 and a 52-week-low of $4.26. CNX Resources's stock last closed at $8.79 per share.
  • With a rating of Neutral, Piper Sandler initiated coverage on Comstock Resources Inc (NYSE: CRK). The price target is set at $5.50 for Comstock Res. For the first quarter, Comstock Res had an EPS of $0.12, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $10.70 and a 52-week-low of $4.05. Comstock Res's stock last closed at $4.76 per share.
  • SVB Leerink initiated coverage on Silk Road Medical Inc (NASDAQ: SILK) with an Outperform rating. The price target for Silk Road Medical is set at $51.00. In the first quarter, Silk Road Medical showed an EPS of ($0.32), compared to ($7.03) from the year-ago quarter. The stock has a 52-week-high of $48.44 and a 52-week-low of $20.84. Silk Road Medical's stock last closed at $44.62 per share.
  • Piper Sandler initiated coverage on EQT Corp (NYSE: EQT) with an Overweight rating. The price target for EQT is set at $16.00. In the first quarter, EQT showed an EPS of $0.14, compared to $0.83 from the year-ago quarter. The stock has a 52-week-high of $17.16 and a 52-week-low of $4.21. EQT's stock last closed at $13.30 per share.
 

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