Benzinga's Top Upgrades, Downgrades For October 6, 2020

Upgrades

• For SunPower Corp SPWR, GLJ Research upgraded the previous rating of Sell to the current rating Buy. For the second quarter, SunPower had an EPS of $0.22, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $15.94 and a 52-week-low of $4.03. SunPower closed at $15.56 at the end of the last trading period.
• According to Mizuho, the prior rating for Syneos Health Inc SYNH was changed from Neutral to Buy. Syneos Health earned $0.58 in the second quarter, compared to $0.74 in the year-ago quarter. The stock has a 52-week-high of $74.25 and a 52-week-low of $30.02. At the end of the last trading period, Syneos Health closed at $56.71.
• Credit Suisse upgraded the previous rating for SeaWorld Entertainment Inc SEAS from Neutral to Outperform. SeaWorld Entertainment earned $1.68 in the second quarter, compared to $0.64 in the year-ago quarter. The current stock performance of SeaWorld Entertainment shows a 52-week-high of $36.96 and a 52-week-low of $6.75. Moreover, at the end of the last trading period, the closing price was at $20.55.
• According to Barclays, the prior rating for Costco Wholesale Corp COST was changed from Equal-Weight to Overweight. In the fourth quarter, Costco Wholesale showed an EPS of $3.13, compared to $2.69 from the year-ago quarter. The stock has a 52-week-high of $363.67 and a 52-week-low of $271.28. At the end of the last trading period, Costco Wholesale closed at $358.58.
• William Blair upgraded the previous rating for Beacon Roofing Supply Inc BECN from Market Perform to Outperform. Beacon Roofing Supply earned $1.01 in the third quarter, compared to $0.32 in the year-ago quarter. The stock has a 52-week-high of $36.78 and a 52-week-low of $11.66. At the end of the last trading period, Beacon Roofing Supply closed at $32.66.
• According to JP Morgan, the prior rating for Advance Auto Parts Inc AAP was changed from Neutral to Overweight. Advance Auto Parts earned $2.92 in the second quarter, compared to $2.00 in the year-ago quarter. The stock has a 52-week-high of $171.43 and a 52-week-low of $71.33. At the end of the last trading period, Advance Auto Parts closed at $155.91.
• For Northrop Grumman Corp NOC, RBC Capital upgraded the previous rating of Sector Perform to the current rating Outperform. Northrop Grumman earned $6.01 in the second quarter, compared to $5.06 in the year-ago quarter. The stock has a 52-week-high of $385.00 and a 52-week-low of $263.31. At the end of the last trading period, Northrop Grumman closed at $312.01.
• For Trinseo SA TSE, Jefferies upgraded the previous rating of Hold to the current rating Buy. Trinseo earned $2.95 in the second quarter, compared to $0.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $50.14 and a 52-week-low of $14.16. Trinseo closed at $27.51 at the end of the last trading period.
• For Extra Space Storage Inc EXR, Raymond James upgraded the previous rating of Underperform to the current rating Market Perform. In the second quarter, Extra Space Storage showed an EPS of $1.23, compared to $1.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $117.83 and a 52-week-low of $72.70. Extra Space Storage closed at $112.89 at the end of the last trading period.

Downgrades

• According to Wedbush, the prior rating for MyoKardia Inc MYOK was changed from Outperform to Neutral. In the second quarter, MyoKardia showed an EPS of $1.27, compared to $0.83 from the year-ago quarter. The current stock performance of MyoKardia shows a 52-week-high of $224.00 and a 52-week-low of $42.65. Moreover, at the end of the last trading period, the closing price was at $220.34.
• For Iovance Biotherapeutics Inc IOVA, Wells Fargo downgraded the previous rating of Overweight to the current rating Equal-Weight. For the second quarter, Iovance Biotherapeutics had an EPS of $0.47, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $41.49 and a 52-week-low of $17.78. Iovance Biotherapeutics closed at $32.06 at the end of the last trading period.
• For AXT Inc AXTI, B. Riley FBR downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, AXT showed an EPS of $0.01, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.74 and a 52-week-low of $1.85. AXT closed at $6.55 at the end of the last trading period.
• Credit Suisse downgraded the previous rating for MyoKardia Inc MYOK from Outperform to Neutral. In the second quarter, MyoKardia showed an EPS of $1.27, compared to $0.83 from the year-ago quarter. The stock has a 52-week-high of $224.00 and a 52-week-low of $42.65. At the end of the last trading period, MyoKardia closed at $220.34.
• BMO Capital downgraded the previous rating for Bright Horizons Family Solutions Inc BFAM from Outperform to Market Perform. For the second quarter, Bright Horizons Family had an EPS of $0.44, compared to year-ago quarter EPS of $0.99. The current stock performance of Bright Horizons Family shows a 52-week-high of $176.98 and a 52-week-low of $64.23. Moreover, at the end of the last trading period, the closing price was at $157.98.
• For Eidos Therapeutics Inc EIDX, BMO Capital downgraded the previous rating of Outperform to the current rating Market Perform. In the second quarter, Eidos Therapeutics showed an EPS of $0.75, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $74.75 and a 52-week-low of $28.39. At the end of the last trading period, Eidos Therapeutics closed at $73.51.
• For Miragen Therapeutics Inc MGEN, HC Wainwright & Co. downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, Miragen Therapeutics showed an EPS of $0.12, compared to $0.29 from the year-ago quarter. The current stock performance of Miragen Therapeutics shows a 52-week-high of $2.27 and a 52-week-low of $0.31. Moreover, at the end of the last trading period, the closing price was at $0.76.
• According to Raymond James, the prior rating for Public Storage PSA was changed from Market Perform to Underperform. Public Storage earned $2.46 in the second quarter, compared to $2.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $249.03 and a 52-week-low of $155.37. Public Storage closed at $232.16 at the end of the last trading period.

Initiations

• Evercore ISI Group initiated coverage on Global Blood Therapeutics Inc GBT with an Outperform rating. The price target for Global Blood Therapeutics is set to $102.00. Global Blood Therapeutics earned $0.86 in the second quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $87.54 and a 52-week-low of $39.95. At the end of the last trading period, Global Blood Therapeutics closed at $61.79.
• Northland Capital Markets initiated coverage on Stryker Corp SYK with a Market Perform rating. The price target for Stryker is set to $225.00. Stryker earned $0.64 in the second quarter, compared to $1.98 in the year-ago quarter. At the moment, the stock has a 52-week-high of $226.30 and a 52-week-low of $124.54. Stryker closed at $213.99 at the end of the last trading period.
• Citigroup initiated coverage on Arcturus Therapeutics Holdings Inc ARCT with a Buy rating. The price target for Arcturus Therapeutics is set to $65.00. Arcturus Therapeutics earned $0.55 in the second quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $66.24 and a 52-week-low of $8.51. At the end of the last trading period, Arcturus Therapeutics closed at $49.97.
• With a current rating of Equal-Weight, Wells Fargo initiated coverage on MyoKardia Inc MYOK. The price target seems to have been set at $225.00 for MyoKardia. For the second quarter, MyoKardia had an EPS of $1.27, compared to year-ago quarter EPS of $0.83. At the moment, the stock has a 52-week-high of $224.00 and a 52-week-low of $42.65. MyoKardia closed at $220.34 at the end of the last trading period.
• Rosenblatt initiated coverage on Advanced Energy Industries Inc AEIS with a Buy rating. For the second quarter, Advanced Energy Indus had an EPS of $1.18, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $82.26 and a 52-week-low of $33.38. Advanced Energy Indus closed at $64.69 at the end of the last trading period.
• BTIG initiated coverage on BlackLine Inc BL with a Buy rating. The price target for BlackLine is set to $107.00. In the second quarter, BlackLine showed an EPS of $0.20, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $94.06 and a 52-week-low of $38.32. At the end of the last trading period, BlackLine closed at $88.26.
• JMP Securities initiated coverage on Generac Holdings Inc GNRC with a Market Outperform rating. The price target for Generac Hldgs is set to $285.00. For the second quarter, Generac Hldgs had an EPS of $1.40, compared to year-ago quarter EPS of $1.20. The current stock performance of Generac Hldgs shows a 52-week-high of $208.26 and a 52-week-low of $75.50. Moreover, at the end of the last trading period, the closing price was at $207.72.
• BTIG initiated coverage on Medallia Inc MDLA with a Buy rating. The price target for Medallia is set to $37.00. For the second quarter, Medallia had an EPS of $0.01, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $40.20 and a 52-week-low of $16.04. At the end of the last trading period, Medallia closed at $28.05.
• Oppenheimer initiated coverage on MSCI Inc MSCI with an Outperform rating. The price target for MSCI is set to $416.00. MSCI earned $1.77 in the second quarter, compared to $1.54 in the year-ago quarter. At the moment, the stock has a 52-week-high of $398.49 and a 52-week-low of $213.01. MSCI closed at $351.39 at the end of the last trading period.
• With a current rating of Overweight, JP Morgan initiated coverage on Madison Square Garden Entertainment Corp MSGE. The price target seems to have been set at $100.00 for Madison Square Garden. In the fourth quarter, Madison Square Garden earned $3.58. The stock has a 52-week-high of $87.20 and a 52-week-low of $62.50. At the end of the last trading period, Madison Square Garden closed at $69.50.
• For Pluralsight Inc PS, BTIG initiated coverage, by setting the current rating at Neutral. For the second quarter, Pluralsight had an EPS of $0.02, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $22.69 and a 52-week-low of $6.59. At the end of the last trading period, Pluralsight closed at $16.55.
• Guggenheim initiated coverage on Bill.com Holdings Inc BILL with a Buy rating. The price target for Bill.com Holdings is set to $115.00. Interestingly, in the fourth quarter, Bill.com Holdings's EPS was $0.02. At the moment, the stock has a 52-week-high of $107.41 and a 52-week-low of $23.61. Bill.com Holdings closed at $101.83 at the end of the last trading period.
• Needham initiated coverage on Equifax Inc EFX with a Buy rating. The price target for Equifax is set to $200.00. Equifax earned $1.60 in the second quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $181.76 and a 52-week-low of $103.01. Equifax closed at $159.83 at the end of the last trading period.