Market Overview

Benzinga's Top Upgrades, Downgrades For July 15, 2020

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Upgrades

  • For Williams Companies Inc (NYSE: WMB), Morgan Stanley upgraded the stock from Equal-Weight to Overweight. For the first quarter, Williams Companies had an EPS of $0.26, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $28.99 and a 52-week-low of $8.41. Williams Companies's stock last closed at $19.10 per share.
  • JP Morgan changed the rating for Ally Financial Inc (NYSE: ALLY) from Neutral to Overweight. In the first quarter, Ally Financial showed an EPS of ($0.44), compared to $0.80 from the year-ago quarter. 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 $20.83 per share.
  • Northcoast Research changed the rating for H&R Block Inc (NYSE: HRB) from Neutral to Buy. In the fourth quarter, H&R Block showed an EPS of $3.01, compared to $4.32 from the year-ago quarter. The stock has a 52-week-high of $28.50 and a 52-week-low of $11.29. H&R Block's stock last closed at $13.61 per share.
  • For Hanesbrands Inc (NYSE: HBI), Raymond James upgraded the stock from Market Perform to Strong Buy. In the first quarter, Hanesbrands showed an EPS of $0.05, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $17.09 and a 52-week-low of $6.96. Hanesbrands's stock last closed at $12.54 per share.
  • Citigroup upgraded the stock for The Mosaic Co (NYSE: MOS) from Neutral to Buy. For the first quarter, Mosaic had an EPS of ($0.06), compared to year-ago quarter EPS of $0.25. The stock has a 52-week-high of $25.70 and a 52-week-low of $6.50. Mosaic's stock last closed at $13.08 per share.
  • Rosenblatt changed the rating for Xylem Inc (NYSE: XYL) from Neutral to Buy. In the first quarter, Xylem showed an EPS of $0.23, compared to $0.52 from the year-ago quarter. The stock has a 52-week-high of $89.34 and a 52-week-low of $54.62. Xylem's stock last closed at $73.38 per share.
  • Cowen & Co. changed the rating for Schlumberger Ltd (NYSE: SLB) from Market Perform to Outperform. For the first quarter, Schlumberger had an EPS of $0.25, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $41.40 and a 52-week-low of $11.87. Schlumberger's stock last closed at $18.38 per share.
  • For Halliburton Co (NYSE: HAL), Cowen & Co. upgraded the stock from Market Perform to Outperform. Halliburton earned $0.31 in the first quarter, compared to $0.23 in the year-ago quarter. The stock has a 52-week-high of $25.47 and a 52-week-low of $4.25. Halliburton's stock last closed at $12.48 per share.
  • Evercore ISI Group upgraded the stock for Wells Fargo & Co (NYSE: WFC) from In-Line to Outperform. For the second quarter, Wells Fargo had an EPS of ($0.66), compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $54.75 and a 52-week-low of $22.00. Wells Fargo's stock last closed at $24.25 per share..

 

Downgrades

  • JP Morgan downgraded the stock for Synchrony Financial (NYSE: SYF) from Overweight to Neutral. Synchrony Finl earned $0.45 in the first quarter, compared to $1.00 in the year-ago quarter. The stock has a 52-week-high of $38.18 and a 52-week-low of $12.15. Synchrony Finl's stock last closed at $22.44 per share.
  • For Waste Management Inc (NYSE: WM), CIBC downgraded the stock from Outperformer to Neutral. Waste Management earned $0.93 in the first quarter, compared to $0.94 in the year-ago quarter. The stock has a 52-week-high of $126.79 and a 52-week-low of $85.34. Waste Management's stock last closed at $106.24 per share.
  • Northcoast Research downgraded the stock for Wingstop Inc (NASDAQ: WING) from Buy to Neutral. Wingstop earned $0.27 in the first quarter, compared to $0.22 in 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 $130.55 per share.
  • Goldman Sachs downgraded the stock for Fortinet Inc (NASDAQ: FTNT) from Buy to Neutral. Fortinet earned $0.60 in the first quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $151.95 and a 52-week-low of $70.20. Fortinet's stock last closed at $134.48 per share.
  • Wells Fargo changed the rating for Marvell Technology Group Ltd (NASDAQ: MRVL) from Overweight to Equal-Weight. For the first quarter, Marvell Technology Group had an EPS of $0.18, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $39.40 and a 52-week-low of $16.45. Marvell Technology Group's stock last closed at $37.23 per share.
  • For CenturyLink Inc (NYSE: CTL), Oppenheimer downgraded the stock from Outperform to Perform. CenturyLink earned $0.37 in the first quarter, compared to $0.34 in the year-ago quarter. The stock has a 52-week-high of $15.30 and a 52-week-low of $8.16. CenturyLink's stock last closed at $9.89 per share.
  • SunTrust Robinson Humphrey downgraded the stock for AAR Corp (NYSE: AIR) from Buy to Hold. For the third quarter, AAR had an EPS of $0.67, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $52.78 and a 52-week-low of $8.56. AAR's stock last closed at $19.11 per share.
  • SunTrust Robinson Humphrey changed the rating for RBC Bearings Inc (NASDAQ: ROLL) from Hold to Sell. In the fourth quarter, RBC Bearings showed an EPS of $1.33, compared to $1.33 from the year-ago quarter. The stock has a 52-week-high of $185.06 and a 52-week-low of $77.63. RBC Bearings's stock last closed at $133.30 per share.
  • SunTrust Robinson Humphrey changed the rating for TransDigm Group Inc (NYSE: TDG) from Buy to Hold. TransDigm Gr earned $5.10 in the second quarter, compared to $4.21 in the year-ago quarter. The stock has a 52-week-high of $673.51 and a 52-week-low of $200.06. TransDigm Gr's stock last closed at $422.53 per share.

 

Initiations

  • With a rating of Buy, B. Riley FBR initiated coverage on Extreme Networks Inc (NASDAQ: EXTR). The price target is set at $7.50 for Extreme Networks. For the third quarter, Extreme Networks had an EPS of ($0.14), compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $8.50 and a 52-week-low of $1.43. Extreme Networks's stock last closed at $4.11 per share.
  • Argus Research initiated coverage on Church & Dwight Co Inc (NYSE: CHD) with a Buy rating. The price target for Church & Dwight Co is set at $98.00. Church & Dwight Co earned $0.83 in the first quarter, compared to $0.70 in the year-ago quarter. The stock has a 52-week-high of $84.78 and a 52-week-low of $47.98. Church & Dwight Co's stock last closed at $84.47 per share.
  • Credit Suisse initiated coverage on Livongo Health Inc (NASDAQ: LVGO) with an Outperform rating. The price target for Livongo Health is set at $132.00. Livongo Health earned $0.03 in the first quarter. The stock has a 52-week-high of $114.94 and a 52-week-low of $15.12. Livongo Health's stock last closed at $101.18 per share.
  • Barclays initiated coverage on Switch Inc (NYSE: SWCH) with an Overweight rating. The price target for Switch is set at $22.00. In the first quarter, Switch showed an EPS of $0.04, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $19.56 and a 52-week-low of $10.30. Switch's stock last closed at $17.87 per share.
  • Barclays initiated coverage on Equinix Inc (NASDAQ: EQIX) with an Overweight rating. The price target for Equinix is set at $821.00. In the first quarter, Equinix showed an EPS of $6.21, compared to $5.95 from the year-ago quarter. The stock has a 52-week-high of $735.99 and a 52-week-low of $477.87. Equinix's stock last closed at $716.91 per share.
  • Barclays initiated coverage on CyrusOne Inc (NASDAQ: CONE) with a Equal-Weight rating. The price target for CyrusOne is set at $82.00. For the first quarter, CyrusOne had an EPS of $0.97, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $79.73 and a 52-week-low of $43.72. CyrusOne's stock last closed at $76.87 per share.
  • Bernstein initiated coverage on Seagate Technology PLC (NASDAQ: STX) with a Market Perform rating. The price target for Seagate Technology is set at $45.00. Seagate Technology earned $1.38 in the third quarter, compared to $0.83 in the year-ago quarter. The stock has a 52-week-high of $64.17 and a 52-week-low of $39.02. Seagate Technology's stock last closed at $47.38 per share.
  • With a rating of Outperform, Bernstein initiated coverage on Western Digital Corp (NASDAQ: WDC). The price target is set at $60.00 for Western Digital. Western Digital earned $0.85 in the third quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $72.00 and a 52-week-low of $27.40. Western Digital's stock last closed at $42.05 per share.
  • DA Davidson initiated coverage on Columbus McKinnon Corp (NASDAQ: CMCO) with a Neutral rating. The price target for Columbus McKinnon is set at $35.00. For the fourth quarter, Columbus McKinnon had an EPS of $0.58, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $43.09 and a 52-week-low of $19.20. Columbus McKinnon's stock last closed at $33.41 per share.
  • With a rating of Overweight, Cantor Fitzgerald initiated coverage on Soliton Inc (NASDAQ: SOLY). The price target is set at $12.00 for Soliton. In the first quarter, Soliton showed an EPS of ($0.19), compared to ($0.43) from the year-ago quarter. The stock has a 52-week-high of $21.18 and a 52-week-low of $6.64. Soliton's stock last closed at $7.64 per share.
  • With a rating of Outperform, Evercore ISI Group initiated coverage on Boston Beer Co Inc (NYSE: SAM). The price target is set at $725.00 for Boston Beer Co. Boston Beer Co earned $1.60 in the first quarter, compared to $1.87 in the year-ago quarter. The stock has a 52-week-high of $624.66 and a 52-week-low of $290.02. Boston Beer Co's stock last closed at $622.76 per share.
 

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