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

Upgrades

  • According to DA Davidson, the prior rating for 1-800-Flowers.com Inc FLWS was changed from Underperform to Neutral. 1-800-Flowers.com earned $0.23 in the fourth quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $31.64 and a 52-week-low of $11.15. At the end of the last trading period, 1-800-Flowers.com closed at $30.98.
  • RBC Capital upgraded the previous rating for Dell Technologies Inc DELL from Sector Perform to Outperform. In the second quarter, Dell Technologies showed an EPS of $1.92, compared to $2.15 from the year-ago quarter. The stock has a 52-week-high of $63.19 and a 52-week-low of $25.51. At the end of the last trading period, Dell Technologies closed at $62.68.
  • According to B of A Securities, the prior rating for Gap Inc GPS was changed from Underperform to Neutral. Gap earned $0.01 in the second quarter, compared to $0.63 in the year-ago quarter. The current stock performance of Gap shows a 52-week-high of $19.86 and a 52-week-low of $5.26. Moreover, at the end of the last trading period, the closing price was at $17.38.
  • Cowen & Co. upgraded the previous rating for Marvell Technology Group Ltd MRVL from Underperform to Market Perform. Marvell Technology Group earned $0.21 in the second quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.40 and a 52-week-low of $16.45. Marvell Technology Group closed at $35.91 at the end of the last trading period.
  • According to Seaport Global, the prior rating for ONEOK Inc OKE was changed from Neutral to Buy. For the second quarter, ONEOK had an EPS of $0.32, compared to year-ago quarter EPS of $0.75. The stock has a 52-week-high of $78.48 and a 52-week-low of $12.16. At the end of the last trading period, ONEOK closed at $27.04.
  • For Shutterstock Inc SSTK, Truist Securities upgraded the previous rating of Hold to the current rating Buy. In the second quarter, Shutterstock showed an EPS of $0.62, compared to $0.33 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.45 and a 52-week-low of $28.76. Shutterstock closed at $48.28 at the end of the last trading period.
  • Deutsche Bank upgraded the previous rating for Builders FirstSource Inc BLDR from Hold to Buy. Builders FirstSource earned $0.67 in the second quarter, compared to $0.63 in the year-ago quarter. The current stock performance of Builders FirstSource shows a 52-week-high of $31.98 and a 52-week-low of $9.00. Moreover, at the end of the last trading period, the closing price was at $30.24.
  • Morgan Stanley upgraded the previous rating for Brinker International Inc EAT from Underweight to Equal-Weight. Brinker International earned $0.88 in the fourth quarter, compared to $1.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.57 and a 52-week-low of $7.00. Brinker International closed at $40.31 at the end of the last trading period.
  • B. Riley FBR upgraded the previous rating for Malibu Boats Inc MBUU from Neutral to Buy. Malibu Boats earned $0.40 in the fourth quarter, compared to $1.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $63.88 and a 52-week-low of $18.02. Malibu Boats closed at $56.56 at the end of the last trading period.

 

Downgrades

  • According to Wedbush, the prior rating for BMC Stock Holdings Inc BMCH was changed from Outperform to Neutral. BMC Stock Holdings earned $0.73 in the second quarter, compared to $0.59 in the year-ago quarter. The current stock performance of BMC Stock Holdings shows a 52-week-high of $40.09 and a 52-week-low of $13.38. Moreover, at the end of the last trading period, the closing price was at $39.45.
  • For American Water Works Co Inc AWK, HSBC downgraded the previous rating of Buy to the current rating Hold. For the second quarter, American Water Works Co had an EPS of $0.97, compared to year-ago quarter EPS of $0.94. The stock has a 52-week-high of $150.47 and a 52-week-low of $92.00. At the end of the last trading period, American Water Works Co closed at $141.33.
  • According to Wells Fargo, the prior rating for Cardlytics Inc CDLX was changed from Overweight to Equal-Weight. For the second quarter, Cardlytics had an EPS of $0.38, compared to year-ago quarter EPS of $0.12. The current stock performance of Cardlytics shows a 52-week-high of $107.50 and a 52-week-low of $27.33. Moreover, at the end of the last trading period, the closing price was at $80.22.
  • For DraftKings Inc DKNG, Morgan Stanley downgraded the previous rating of Overweight to the current rating Equal-Weight. For the second quarter, DraftKings had an EPS of $0.55, compared to year-ago quarter EPS of $0.15. The current stock performance of DraftKings shows a 52-week-high of $44.79 and a 52-week-low of $18.00. Moreover, at the end of the last trading period, the closing price was at $39.06.
  • For Nutanix Inc NTNX, Baird downgraded the previous rating of Outperform to the current rating Neutral. In the fourth quarter, Nutanix showed an EPS of $0.39, compared to $0.57 from the year-ago quarter. The current stock performance of Nutanix shows a 52-week-high of $37.86 and a 52-week-low of $11.31. Moreover, at the end of the last trading period, the closing price was at $21.70.
  • According to Morgan Stanley, the prior rating for Penn National Gaming Inc PENN was changed from Overweight to Equal-Weight. In the second quarter, Penn National Gaming showed an EPS of $1.69, compared to $0.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.93 and a 52-week-low of $3.75. Penn National Gaming closed at $55.14 at the end of the last trading period.

 

Initiations

  • Citigroup initiated coverage on General Mills Inc GIS with a Neutral rating. The price target for General Mills is set to $70.00. General Mills earned $1.10 in the fourth quarter, compared to $0.83 in the year-ago quarter. The current stock performance of General Mills shows a 52-week-high of $66.14 and a 52-week-low of $46.59. Moreover, at the end of the last trading period, the closing price was at $64.72.
  • Citigroup initiated coverage on Kellogg Co K with a Buy rating. The price target for Kellogg is set to $79.00. In the second quarter, Kellogg showed an EPS of $1.24, compared to $0.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.88 and a 52-week-low of $52.66. Kellogg closed at $70.46 at the end of the last trading period.
  • Guggenheim initiated coverage on NeoGenomics Inc NEO with a Buy rating. The price target for NeoGenomics is set to $46.00. In the second quarter, NeoGenomics showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.03 and a 52-week-low of $18.52. NeoGenomics closed at $37.72 at the end of the last trading period.
  • With a current rating of Neutral, Goldman Sachs initiated coverage on Maxeon Solar Technologies Ltd MAXN. The price target seems to have been set at $18.00 for Maxeon Solar Technologies. At the end of the last trading period, Maxeon Solar Technologies closed at $19.00.
  • With a current rating of Outperform, Wedbush initiated coverage on Surface Oncology Inc SURF. The price target seems to have been set at $12.00 for Surface Oncology. In the second quarter, Surface Oncology showed an EPS of $0.44, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $7.66 and a 52-week-low of $1.15. Surface Oncology closed at $5.31 at the end of the last trading period.
  • With a current rating of Overweight, Cantor Fitzgerald initiated coverage on Trevena Inc TRVN. The price target seems to have been set at $5.00 for Trevena. For the second quarter, Trevena had an EPS of $0.06, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $3.68 and a 52-week-low of $0.46. Trevena closed at $1.57 at the end of the last trading period.
  • With a current rating of Buy, GLJ Research initiated coverage on Canadian Solar Inc CSIQ. The price target seems to have been set at $49.40 for Canadian Solar. For the second quarter, Canadian Solar had an EPS of $0.09, compared to year-ago quarter EPS of $1.04. The stock has a 52-week-high of $28.98 and a 52-week-low of $12.00. At the end of the last trading period, Canadian Solar closed at $28.64.
Posted In: Initiationstop upgradesPenny StocksUpgradesDowngradesInitiationIntraday UpdateAnalyst Ratings