Benzinga's Top Upgrades, Downgrades For December 4, 2020

Upgrades

• According to Barclays, the prior rating for Spirit AeroSystems Holdings Inc SPR was changed from Equal-Weight to Overweight. For the third quarter, Spirit AeroSystems Hldgs had an EPS of $1.34, compared to year-ago quarter EPS of $1.62. The current stock performance of Spirit AeroSystems Hldgs shows a 52-week-high of 85.41 and a 52-week-low of 13.69. Moreover, at the end of the last trading period, the closing price was at $40.33.
• Wells Fargo upgraded the previous rating for Silgan Holdings Inc SLGN from Equal-Weight to Overweight. Silgan Hldgs earned $1.04 in the third quarter, compared to $0.76 in the year-ago quarter. At the moment, the stock has a 52-week-high of 40.44 and a 52-week-low of 24.645. Silgan Hldgs closed at $34.02 at the end of the last trading period.
• Barclays upgraded the previous rating for Allegheny Technologies Inc ATI from Underweight to Equal-Weight. In the third quarter, Allegheny Technologies showed an EPS of $0.38, compared to $0.33 from the year-ago quarter. The current stock performance of Allegheny Technologies shows a 52-week-high of 24.17 and a 52-week-low of 4.95. Moreover, at the end of the last trading period, the closing price was at $15.49.
• For Zions Bancorp NA ZION, B. Riley FBR upgraded the previous rating of Neutral to the current rating Buy. In the third quarter, Zions Bancorp showed an EPS of $1.01, compared to $1.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of 52.48 and a 52-week-low of 23.58. Zions Bancorp closed at $42.42 at the end of the last trading period.
• For Viper Energy Partners LP VNOM, Truist Securities upgraded the previous rating of Hold to the current rating Buy. In the third quarter, Viper Energy Partners showed an EPS of $0.00, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of 26.8299 and a 52-week-low of 4.98. At the end of the last trading period, Viper Energy Partners closed at $11.95.
• According to Morgan Stanley, the prior rating for The Michaels Companies Inc MIK was changed from Underweight to Equal-Weight. For the third quarter, Michaels Companies had an EPS of $0.86, compared to year-ago quarter EPS of $0.40. The current stock performance of Michaels Companies shows a 52-week-high of 12.43 and a 52-week-low of 1.0. Moreover, at the end of the last trading period, the closing price was at $12.33.
• For Funko Inc FNKO, Piper Sandler upgraded the previous rating of Neutral to the current rating Overweight. Funko earned $0.31 in the third quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of 17.76 and a 52-week-low of 3.12. At the end of the last trading period, Funko closed at $8.46.
• For Cracker Barrel Old Country Store Inc CBRL, Telsey Advisory Group upgraded the previous rating of Market Perform to the current rating Outperform. Cracker Barrel Old earned $0.69 in the first quarter, compared to $1.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of 170.1 and a 52-week-low of 53.61. Cracker Barrel Old closed at $144.58 at the end of the last trading period.
• According to Raymond James, the prior rating for Weyerhaeuser Co WY was changed from Market Perform to Outperform. In the third quarter, Weyerhaeuser showed an EPS of $0.52, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of 31.58 and a 52-week-low of 13.1. Weyerhaeuser closed at $29.49 at the end of the last trading period.
• Morgan Stanley upgraded the previous rating for Waddell & Reed Financial Inc WDR from Underweight to Equal-Weight. Waddell & Reed Financial earned $0.48 in the third quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of 25.63 and a 52-week-low of 9.8701. At the end of the last trading period, Waddell & Reed Financial closed at $25.58.
• Mizuho upgraded the previous rating for Sage Therapeutics Inc SAGE from Neutral to Buy. For the third quarter, Sage Therapeutics had an EPS of $2.03, compared to year-ago quarter EPS of $3.48. The current stock performance of Sage Therapeutics shows a 52-week-high of 154.4419 and a 52-week-low of 25.01. Moreover, at the end of the last trading period, the closing price was at $69.86.
• According to KeyBanc, the prior rating for Terex Corp TEX was changed from Sector Weight to Overweight. For the third quarter, Terex had an EPS of $0.31, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of 33.49 and a 52-week-low of 11.54. Terex closed at $32.55 at the end of the last trading period.
• For Oshkosh Corp OSK, KeyBanc upgraded the previous rating of Sector Weight to the current rating Overweight. In the fourth quarter, Oshkosh showed an EPS of $1.30, compared to $2.17 from the year-ago quarter. The current stock performance of Oshkosh shows a 52-week-high of 95.62 and a 52-week-low of 46.72. Moreover, at the end of the last trading period, the closing price was at $81.63.
• For Federal Signal Corp FSS, KeyBanc upgraded the previous rating of Sector Weight to the current rating Overweight. Federal Signal earned $0.42 in the third quarter, compared to $0.47 in the year-ago quarter. At the moment, the stock has a 52-week-high of 34.87 and a 52-week-low of 23.32. Federal Signal closed at $30.76 at the end of the last trading period.

Downgrades

• According to Barclays, the prior rating for Woodward Inc WWD was changed from Overweight to Equal-Weight. Woodward earned $0.75 in the fourth quarter, compared to $1.22 in the year-ago quarter. The stock has a 52-week-high of 129.06 and a 52-week-low of 46.505. At the end of the last trading period, Woodward closed at $116.73.
• According to Wolfe Research, the prior rating for United Airlines Holdings Inc UAL was changed from Peer Perform to Underperform. In the third quarter, United Airlines Holdings showed an EPS of $8.16, compared to $4.07 from the year-ago quarter. The current stock performance of United Airlines Holdings shows a 52-week-high of 90.775 and a 52-week-low of 17.8. Moreover, at the end of the last trading period, the closing price was at $49.91.
• Wolfe Research downgraded the previous rating for Spirit AeroSystems Holdings Inc SPR from Outperform to Peer Perform. In the third quarter, Spirit AeroSystems Hldgs showed an EPS of $1.34, compared to $1.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of 85.41 and a 52-week-low of 13.69. Spirit AeroSystems Hldgs closed at $40.33 at the end of the last trading period.
• For Hexcel Corp HXL, Barclays downgraded the previous rating of Equal-Weight to the current rating Underweight. For the third quarter, Hexcel had an EPS of $0.29, compared to year-ago quarter EPS of $0.90. The current stock performance of Hexcel shows a 52-week-high of 80.49 and a 52-week-low of 24.54. Moreover, at the end of the last trading period, the closing price was at $55.94.
• For DISH Network Corp DISH, Guggenheim downgraded the previous rating of Buy to the current rating Neutral. For the third quarter, DISH Network had an EPS of $0.86, compared to year-ago quarter EPS of $0.66. At the moment, the stock has a 52-week-high of 42.62 and a 52-week-low of 17.09. DISH Network closed at $37.17 at the end of the last trading period.
• According to Wolfe Research, the prior rating for Delta Air Lines Inc DAL was changed from Peer Perform to Underperform. In the third quarter, Delta Air Lines showed an EPS of $3.30, compared to $2.32 from the year-ago quarter. The stock has a 52-week-high of 62.48 and a 52-week-low of 17.51. At the end of the last trading period, Delta Air Lines closed at $42.95.
• Evercore ISI Group downgraded the previous rating for Cabot Oil & Gas Corp COG from Outperform to In-Line. Cabot Oil & Gas earned $0.09 in the third quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of 22.67 and a 52-week-low of 13.06. Cabot Oil & Gas closed at $15.93 at the end of the last trading period.
• According to Wolfe Research, the prior rating for Boeing Co BA was changed from Peer Perform to Underperform. Boeing earned $1.39 in the third quarter, compared to $1.45 in the year-ago quarter. The current stock performance of Boeing shows a 52-week-high of 355.558 and a 52-week-low of 89.0. Moreover, at the end of the last trading period, the closing price was at $237.35.
• For The Chemours Co CC, Barclays downgraded the previous rating of Overweight to the current rating Equal-Weight. Chemours earned $0.47 in the third quarter, compared to $0.59 in the year-ago quarter. At the moment, the stock has a 52-week-high of 26.1 and a 52-week-low of 7.02. Chemours closed at $25.69 at the end of the last trading period.

Initiations

• With a current rating of In-Line, Evercore ISI Group initiated coverage on Werner Enterprises Inc WERN. The price target seems to have been set at $41.00 for Werner Enterprises. For the third quarter, Werner Enterprises had an EPS of $0.69, compared to year-ago quarter EPS of $0.57. At the moment, the stock has a 52-week-high of 47.43 and a 52-week-low of 28.99. Werner Enterprises closed at $39.84 at the end of the last trading period.
• With a current rating of In-Line, Evercore ISI Group initiated coverage on Schneider National Inc SNDR. The price target seems to have been set at $21.00 for Schneider National. For the third quarter, Schneider National had an EPS of $0.31, compared to year-ago quarter EPS of $0.32. The current stock performance of Schneider National shows a 52-week-high of 28.13 and a 52-week-low of 15.36. Moreover, at the end of the last trading period, the closing price was at $20.66.
• With a current rating of Outperform, Evercore ISI Group initiated coverage on Saia Inc SAIA. The price target seems to have been set at $205.00 for Saia. For the third quarter, Saia had an EPS of $1.56, compared to year-ago quarter EPS of $1.25. The stock has a 52-week-high of 178.87 and a 52-week-low of 61.46. At the end of the last trading period, Saia closed at $177.64.
• With a current rating of Outperform, Evercore ISI Group initiated coverage on Old Dominion Freight Line Inc ODFL. The price target seems to have been set at $235.00 for Old Dominion Freight Line. In the third quarter, Old Dominion Freight Line showed an EPS of $1.71, compared to $2.05 from the year-ago quarter. The current stock performance of Old Dominion Freight Line shows a 52-week-high of 227.21 and a 52-week-low of 119.01. Moreover, at the end of the last trading period, the closing price was at $207.01.
• Evercore ISI Group initiated coverage on Knight-Swift Transportation Holdings Inc KNX with an In-Line rating. The price target for Knight-Swift is set to $42.00. Knight-Swift earned $0.79 in the third quarter, compared to $0.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of 47.44 and a 52-week-low of 27.54. Knight-Swift closed at $40.36 at the end of the last trading period.
• Goldman Sachs initiated coverage on Teladoc Health Inc TDOC with a Neutral rating. The price target for Teladoc Health is set to $206.00. Teladoc Health earned $0.13 in the third quarter, compared to $0.28 in the year-ago quarter. The current stock performance of Teladoc Health shows a 52-week-high of 253.0 and a 52-week-low of 75.2. Moreover, at the end of the last trading period, the closing price was at $197.21.
• With a current rating of Buy, HC Wainwright & Co. initiated coverage on Kymera Therapeutics Inc KYMR. The price target seems to have been set at $85.00 for Kymera Therapeutics. Interestingly, in the third quarter, Kymera Therapeutics's EPS was $0.39. The current stock performance of Kymera Therapeutics shows a 52-week-high of 55.0 and a 52-week-low of 25.43. Moreover, at the end of the last trading period, the closing price was at $50.56.
• Jefferies initiated coverage on CarGurus Inc CARG with a Hold rating. The price target for CarGurus is set to $26.00. CarGurus earned $0.37 in the third quarter, compared to $0.14 in the year-ago quarter. The current stock performance of CarGurus shows a 52-week-high of 39.86 and a 52-week-low of 14.25. Moreover, at the end of the last trading period, the closing price was at $25.13.
• Jefferies initiated coverage on Carvana Co CVNA with a Buy rating. The price target for Carvana is set to $300.00. Carvana earned $0.10 in the third quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of 252.36 and a 52-week-low of 22.16. Carvana closed at $227.81 at the end of the last trading period.
• With a current rating of Hold, Jefferies initiated coverage on Vroom Inc VRM. The price target seems to have been set at $38.00 for Vroom. Interestingly, in the third quarter, Vroom's EPS was $0.29. The current stock performance of Vroom shows a 52-week-high of 75.49 and a 52-week-low of 32.99. Moreover, at the end of the last trading period, the closing price was at $33.24.
• With a current rating of Overweight, KeyBanc initiated coverage on NorthWestern Corp NWE. The price target seems to have been set at $65.00 for NorthWestern. NorthWestern earned $0.58 in the third quarter, compared to $0.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of 80.52 and a 52-week-low of 45.06. NorthWestern closed at $56.83 at the end of the last trading period.