Benzinga's Top Upgrades, Downgrades For August 7, 2019

Upgrades

• For Arconic Inc ARNC, Barclays upgraded the previous rating of Equal-Weight to the current rating Overweight. For the second quarter, Arconic had an EPS of $0.58, compared to year-ago quarter EPS of $0.37. At the moment, the stock has a 52-week-high of $26.40 and a 52-week-low of $15.63. Arconic closed at $24.57 at the end of the last trading period.
• For Bank Bradesco SA BBD, Morgan Stanley upgraded the previous rating of Equal-Weight to the current rating Overweight. For the second quarter, Bank Bradesco had an EPS of $0.81, compared to year-ago quarter EPS of $0.42. The current market cap for Bank Bradesco is at $37.6 billion. The current stock performance of Bank Bradesco shows a 52-week-high of $10.55 and a 52-week-low of $5.41. Moreover, at the end of the last trading period, the closing price was at $8.60.
• Morgan Stanley upgraded the previous rating for Banco Santander (Brasil) SA BSBR from Equal-Weight to Overweight. In the first quarter, Banco Santander (Brasil) earned $0.12. The total market value of Banco Santander (Brasil)'s outstanding shares is at $41.2 billion. The current stock performance of Banco Santander (Brasil) shows a 52-week-high of $13.72 and a 52-week-low of $7.86. Moreover, at the end of the last trading period, the closing price was at $10.65.
• Argus upgraded the previous rating for Dunkin' Brands Group Inc DNKN from Hold to Buy. In the second quarter, Dunkin Brands Group showed an EPS of $0.86, compared to $0.77 from the year-ago quarter. The total market value of Dunkin Brands Group's outstanding shares is at $5.9 billion. At the moment, the stock has a 52-week-high of $83.22 and a 52-week-low of $61.69. Dunkin Brands Group closed at $79.26 at the end of the last trading period.
• According to Loop Capital, the prior rating for National Vision Holdings Inc EYE was changed from Hold to Buy. National Vision Holdings earned $0.20 in the second quarter, compared to $0.21 in the year-ago quarter. The current market cap for National Vision Holdings is at $2.2 billion. The current stock performance of National Vision Holdings shows a 52-week-high of $46.63 and a 52-week-low of $25.60. Moreover, at the end of the last trading period, the closing price was at $29.79.
• According to JP Morgan, the prior rating for International Flavors & Fragrances Inc IFF was changed from Neutral to Overweight. Intl Flavors & Fragrances earned $1.61 in the second quarter, compared to $1.66 in the year-ago quarter. Intl Flavors & Fragrances's market cap stands at $15.0 billion. The stock has a 52-week-high of $152.95 and a 52-week-low of $118.25. At the end of the last trading period, Intl Flavors & Fragrances closed at $118.89.
• According to Morgan Stanley, the prior rating for Itau Unibanco Holding SA ITUB was changed from Equal-Weight to Overweight. In the second quarter, Itau Unibanco Holding showed an EPS of $0.19, compared to $0.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.80 and a 52-week-low of $6.57. Itau Unibanco Holding closed at $8.91 at the end of the last trading period.
• For Model N Inc MODN, Needham upgraded the previous rating of Hold to the current rating Buy. In the third quarter, Model N showed an EPS of $0.06, compared to ($0.07) from the year-ago quarter. The total market value of Model N's outstanding shares is at $523.5 million. The current stock performance of Model N shows a 52-week-high of $22.40 and a 52-week-low of $12.60. Moreover, at the end of the last trading period, the closing price was at $21.79.
• CIBC upgraded the previous rating for The Mosaic Co MOS from Neutral to Outperformer. In the second quarter, Mosaic showed an EPS of $0.12, compared to $0.40 from the year-ago quarter. Mosaic's market cap stands at $12.0 billion. The stock has a 52-week-high of $37.37 and a 52-week-low of $20.05. At the end of the last trading period, Mosaic closed at $22.01.
• For Medical Properties Trust Inc MPW, KeyBanc upgraded the previous rating of Sector Weight to the current rating Overweight. For the second quarter, Medical Properties Trust had an EPS of $0.31, compared to year-ago quarter EPS of $0.36. Medical Properties Trust's market cap stands at $6.8 billion. At the moment, the stock has a 52-week-high of $18.92 and a 52-week-low of $13.98. Medical Properties Trust closed at $17.49 at the end of the last trading period.
• For Meridian Corp MRBK, Keefe Bruyette & Woods upgraded the previous rating of Market Perform to the current rating Outperform. The total market value of Meridian's outstanding shares is at $109.7 million. At the moment, the stock has a 52-week-high of $18.88 and a 52-week-low of $15.26. Meridian closed at $17.42 at the end of the last trading period.
• DA Davidson upgraded the previous rating for Matrix Service Co MTRX from Neutral to Buy. Matrix Service earned $0.33 in the third quarter, compared to ($0.19) in the year-ago quarter. The total market value of Matrix Service's outstanding shares is at $474.2 million. At the moment, the stock has a 52-week-high of $25.75 and a 52-week-low of $15.43. Matrix Service closed at $17.58 at the end of the last trading period.
• For PPL Corp PPL, Bank of America upgraded the previous rating of Underperform to the current rating Neutral. PPL earned $0.58 in the second quarter, compared to $0.55 in the year-ago quarter. The total market value of PPL's outstanding shares is at $19.9 billion. The current stock performance of PPL shows a 52-week-high of $32.88 and a 52-week-low of $27.31. Moreover, at the end of the last trading period, the closing price was at $29.58.
• For Roku Inc ROKU, Vertical Group upgraded the previous rating of Mixed to the current rating Positive. Roku earned No EPS Value in the second quarter, compared to $0.00 in the year-ago quarter. The total market value of Roku's outstanding shares is at $4.3 billion. The stock has a 52-week-high of $113.44 and a 52-week-low of $26.30. At the end of the last trading period, Roku closed at $98.48.
• For Boston Beer Co Inc SAM, Macquarie upgraded the previous rating of Neutral to the current rating Outperform. For the second quarter, Boston Beer Co had an EPS of $2.34, compared to year-ago quarter EPS of $1.98. The current market cap for Boston Beer Co is at $4.5 billion. The stock has a 52-week-high of $403.01 and a 52-week-low of $230.93. At the end of the last trading period, Boston Beer Co closed at $389.50.
• According to Raymond James, the prior rating for Shenandoah Telecommunications Co SHEN was changed from Market Perform to Outperform. In the second quarter, Shenandoah showed an EPS of $0.26, compared to $0.12 from the year-ago quarter. The total market value of Shenandoah's outstanding shares is at $1.8 billion. The current stock performance of Shenandoah shows a 52-week-high of $51.41 and a 52-week-low of $33.20. Moreover, at the end of the last trading period, the closing price was at $34.55.
• For Tactile Systems Technology Inc TCMD, BTIG upgraded the previous rating of Neutral to the current rating Buy. For the second quarter, Tactile Systems Tech had an EPS of $0.14, compared to year-ago quarter EPS of $0.13. Tactile Systems Tech's market cap stands at $1.0 billion. At the moment, the stock has a 52-week-high of $76.63 and a 52-week-low of $37.40. Tactile Systems Tech closed at $49.30 at the end of the last trading period.

Downgrades

• For Allergan PLC AGN, Guggenheim downgraded the previous rating of Buy to the current rating Neutral. For the second quarter, Allergan had an EPS of $4.38, compared to year-ago quarter EPS of $4.42. The current market cap for Allergan is at $54.8 billion. The stock has a 52-week-high of $197.00 and a 52-week-low of $114.27. At the end of the last trading period, Allergan closed at $159.55.
• According to Wells Fargo, the prior rating for Apollo Investment Corp AINV was changed from Outperform to Market Perform. Apollo Investment earned $0.50 in the first quarter, compared to $0.15 in the year-ago quarter. The total market value of Apollo Investment's outstanding shares is at $1.0 billion. At the moment, the stock has a 52-week-high of $17.82 and a 52-week-low of $12.05. Apollo Investment closed at $16.08 at the end of the last trading period.
• Baird downgraded the previous rating for Aramark ARMK from Outperform to Neutral. In the third quarter, Aramark showed an EPS of $0.47, compared to $0.48 from the year-ago quarter. Aramark's market cap stands at $9.1 billion. The current stock performance of Aramark shows a 52-week-high of $43.70 and a 52-week-low of $25.49. Moreover, at the end of the last trading period, the closing price was at $36.50.
• Stifel downgraded the previous rating for Aramark ARMK from Buy to Hold. In the third quarter, Aramark showed an EPS of $0.47, compared to $0.48 from the year-ago quarter. The total market value of Aramark's outstanding shares is at $9.1 billion. The current stock performance of Aramark shows a 52-week-high of $43.70 and a 52-week-low of $25.49. Moreover, at the end of the last trading period, the closing price was at $36.50.
• William Blair downgraded the previous rating for Axogen Inc AXGN from Outperform to Market Perform. Axogen earned ($0.10) in the second quarter, compared to ($0.09) in the year-ago quarter. Axogen's market cap stands at $918.7 million. The current stock performance of Axogen shows a 52-week-high of $46.25 and a 52-week-low of $14.13. Moreover, at the end of the last trading period, the closing price was at $17.58.
• For Casey's General Stores Inc CASY, Gabelli & Co. downgraded the previous rating of Buy to the current rating Hold. For the fourth quarter, Casey's General Stores had an EPS of $0.68, compared to year-ago quarter EPS of $0.51. The current market cap for Casey's General Stores is at $5.9 billion. At the moment, the stock has a 52-week-high of $165.78 and a 52-week-low of $110.05. Casey's General Stores closed at $164.71 at the end of the last trading period.
• Roth Capital downgraded the previous rating for Coeur Mining Inc CDE from Buy to Neutral. For the second quarter, Coeur Mining had an EPS of No EPS Value , compared to year-ago quarter EPS of $0.01. Coeur Mining's market cap stands at $1.1 billion. The current stock performance of Coeur Mining shows a 52-week-high of $6.62 and a 52-week-low of $2.78. Moreover, at the end of the last trading period, the closing price was at $5.13.
• According to Dougherty, the prior rating for Computer Programs and Systems Inc CPSI was changed from Buy to Neutral. CPSI earned $0.50 in the second quarter, compared to $0.34 in the year-ago quarter. CPSI's market cap stands at $358.7 million. The stock has a 52-week-high of $34.00 and a 52-week-low of $23.81. At the end of the last trading period, CPSI closed at $24.93.
• According to Citi, the prior rating for GreenSky Inc GSKY was changed from Buy to Neutral. In the second quarter, GreenSky showed an EPS of $0.18, compared to $0.18 from the year-ago quarter. The total market value of GreenSky's outstanding shares is at $1.8 billion. The current stock performance of GreenSky shows a 52-week-high of $22.30 and a 52-week-low of $6.38. Moreover, at the end of the last trading period, the closing price was at $6.81.
• According to Sandler O'Neill, the prior rating for GreenSky Inc GSKY was changed from Buy to Hold. In the second quarter, GreenSky showed an EPS of $0.18, compared to $0.18 from the year-ago quarter. GreenSky's market cap stands at $1.8 billion. The stock has a 52-week-high of $22.30 and a 52-week-low of $6.38. At the end of the last trading period, GreenSky closed at $6.81.
• For Henry Schein Inc HSIC, William Blair downgraded the previous rating of Outperform to the current rating Market Perform. Henry Schein earned $0.84 in the second quarter, compared to $1.04 in the year-ago quarter. The current market cap for Henry Schein is at $9.6 billion. The current stock performance of Henry Schein shows a 52-week-high of $72.81 and a 52-week-low of $56.58. Moreover, at the end of the last trading period, the closing price was at $61.76.
• For Industrial Logistics Properties Trust ILPT, RBC Capital downgraded the previous rating of Outperform to the current rating Sector Perform. For the second quarter, Industrial Logistics had an EPS of $0.46, compared to year-ago quarter EPS of $0.39. The current market cap for Industrial Logistics is at $1.3 billion. At the moment, the stock has a 52-week-high of $24.70 and a 52-week-low of $18.03. Industrial Logistics closed at $21.39 at the end of the last trading period.
• BTIG Research downgraded the previous rating for LGI Homes Inc LGIH from Neutral to Sell. For the second quarter, LGI Homes had an EPS of $1.82, compared to year-ago quarter EPS of $1.90. The total market value of LGI Homes's outstanding shares is at $1.2 billion. At the moment, the stock has a 52-week-high of $77.50 and a 52-week-low of $37.16. LGI Homes closed at $75.10 at the end of the last trading period.
• According to RBC Capital, the prior rating for NCS Multistage Holdings Inc NCSM was changed from Outperform to Sector Perform. In the second quarter, NCS Multistage Holdings showed an EPS of ($0.11), compared to ($0.09) from the year-ago quarter. NCS Multistage Holdings's market cap stands at $97.5 million. The stock has a 52-week-high of $17.63 and a 52-week-low of $2.02. At the end of the last trading period, NCS Multistage Holdings closed at $2.33.
• First Analysis downgraded the previous rating for New Relic Inc NEWR from Strong Buy to Neutral. New Relic earned $0.19 in the first quarter, compared to $0.15 in the year-ago quarter. New Relic's market cap stands at $5.4 billion. At the moment, the stock has a 52-week-high of $113.34 and a 52-week-low of $70.30. New Relic closed at $83.75 at the end of the last trading period.
• According to Raymond James, the prior rating for New Relic Inc NEWR was changed from Outperform to Market Perform. For the first quarter, New Relic had an EPS of $0.19, compared to year-ago quarter EPS of $0.15. New Relic's market cap stands at $5.4 billion. The stock has a 52-week-high of $113.34 and a 52-week-low of $70.30. At the end of the last trading period, New Relic closed at $83.75.
• Credit Suisse downgraded the previous rating for NiSource Inc NI from Outperform to Neutral. For the second quarter, NiSource had an EPS of $0.05, compared to year-ago quarter EPS of $0.07. The total market value of NiSource's outstanding shares is at $10.3 billion. The stock has a 52-week-high of $30.34 and a 52-week-low of $24.19. At the end of the last trading period, NiSource closed at $28.10.
• For Intec Pharma Ltd NTEC, H.C. Wainwright downgraded the previous rating of Buy to the current rating Neutral. For the first quarter, Intec Pharma had an EPS of ($0.32), compared to year-ago quarter EPS of ($0.40). The total market value of Intec Pharma's outstanding shares is at $15.6 million. At the moment, the stock has a 52-week-high of $9.25 and a 52-week-low of $0.42. Intec Pharma closed at $0.48 at the end of the last trading period.
• According to Scotiabank, the prior rating for Patterson-UTI Energy Inc PTEN was changed from Sector Outperform to Sector Perform. In the second quarter, Patterson-UTI Energy showed an EPS of ($0.17), compared to ($0.06) from the year-ago quarter. Patterson-UTI Energy's market cap stands at $2.0 billion. The current stock performance of Patterson-UTI Energy shows a 52-week-high of $18.39 and a 52-week-low of $9.38. Moreover, at the end of the last trading period, the closing price was at $9.71.
• First Analysis downgraded the previous rating for Quotient Technology Inc QUOT from Strong Buy to Outperform. For the second quarter, Quotient Technology had an EPS of ($0.04), compared to year-ago quarter EPS of ($0.05). The total market value of Quotient Technology's outstanding shares is at $951.5 million. At the moment, the stock has a 52-week-high of $15.97 and a 52-week-low of $8.92. Quotient Technology closed at $10.15 at the end of the last trading period.
• According to H.C. Wainwright, the prior rating for Rexahn Pharmaceuticals Inc REXN was changed from Buy to Neutral. Rexahn Pharmaceuticals earned ($0.61) in the second quarter, compared to ($1.45) in the year-ago quarter. Rexahn Pharmaceuticals's market cap stands at $19.8 million. The stock has a 52-week-high of $23.28 and a 52-week-low of $4.71. At the end of the last trading period, Rexahn Pharmaceuticals closed at $4.86.
• For SiteOne Landscape Supply Inc SITE, Berenberg downgraded the previous rating of Buy to the current rating Hold. In the second quarter, SiteOne Landscape Supply showed an EPS of $1.52, compared to $1.48 from the year-ago quarter. SiteOne Landscape Supply's market cap stands at $2.9 billion. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $95.04 and a 52-week-low of $45.32. Moreover, at the end of the last trading period, the closing price was at $74.22.
• According to William Blair, the prior rating for ShotSpotter Inc SSTI was changed from Outperform to Market Perform. For the second quarter, ShotSpotter had an EPS of $0.03, compared to year-ago quarter EPS of ($0.03). ShotSpotter's market cap stands at $405.2 million. The current stock performance of ShotSpotter shows a 52-week-high of $66.14 and a 52-week-low of $26.55. Moreover, at the end of the last trading period, the closing price was at $34.62.
• According to Credit Suisse, the prior rating for WEC Energy Group Inc WEC was changed from Neutral to Underperform. For the second quarter, WEC Energy Group had an EPS of $0.74, compared to year-ago quarter EPS of $0.73. The current market cap for WEC Energy Group is at $26.9 billion. At the moment, the stock has a 52-week-high of $88.63 and a 52-week-low of $64.96. WEC Energy Group closed at $87.89 at the end of the last trading period.
• For Xencor Inc XNCR, Raymond James downgraded the previous rating of Outperform to the current rating Market Perform. In the second quarter, Xencor showed an EPS of ($0.28), compared to ($0.46) from the year-ago quarter. Xencor's market cap stands at $2.5 billion. The stock has a 52-week-high of $48.38 and a 52-week-low of $27.75. At the end of the last trading period, Xencor closed at $46.27.
• According to Guggenheim, the prior rating for Xencor Inc XNCR was changed from Buy to Neutral. For the second quarter, Xencor had an EPS of ($0.28), compared to year-ago quarter EPS of ($0.46). The total market value of Xencor's outstanding shares is at $2.5 billion. The stock has a 52-week-high of $48.38 and a 52-week-low of $27.75. At the end of the last trading period, Xencor closed at $46.27.

Initiations

• Goldman Sachs initiated coverage on Bilibili Inc BILI with a Buy rating. The price target for Bilibili is set at $21.50. In the first quarter, Bilibili earned ($0.06). Bilibili's market cap stands at $4.5 billion. At the moment, the stock has a 52-week-high of $21.50 and a 52-week-low of $9.09. Bilibili closed at $13.95 at the end of the last trading period.
• With a rating of Sector Underperform, Scotiabank initiated coverage on Banco Macro SA BMA. The price target is set at $55.00 for Banco Macro. In the first quarter, Banco Macro showed an EPS of $2.65, compared to $2.64 from the year-ago quarter. The total market value of Banco Macro's outstanding shares is at $4.0 billion. The stock has a 52-week-high of $76.22 and a 52-week-low of $32.00. At the end of the last trading period, Banco Macro closed at $66.32.
• With a rating of Outperformer, CIBC initiated coverage on Brookfield Property Partners LP BPY. The price target is set at $25.00 for Brookfield Prop Partners. Brookfield Prop Partners earned $0.35 in the second quarter, compared to $0.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.22 and a 52-week-low of $14.96. Brookfield Prop Partners closed at $18.75 at the end of the last trading period.
• Scotiabank initiated coverage on Grupo Financiero Galicia SA GGAL with a Sector Underperform rating. The price target for Grupo Financiero Galicia is set at $27.00. In the fourth quarter, Grupo Financiero Galicia showed an EPS of $0.16, compared to $0.10 from the year-ago quarter. The total market value of Grupo Financiero Galicia's outstanding shares is at $5.0 billion. At the moment, the stock has a 52-week-high of $39.22 and a 52-week-low of $18.30. Grupo Financiero Galicia closed at $35.32 at the end of the last trading period.
• RBC Capital initiated coverage on Neurocrine Biosciences Inc NBIX with an Outperform rating. The price target for Neurocrine Biosciences is set at $118.00. For the second quarter, Neurocrine Biosciences had an EPS of $0.32, compared to year-ago quarter EPS of ($0.07). The total market value of Neurocrine Biosciences's outstanding shares is at $7.5 billion. The current stock performance of Neurocrine Biosciences shows a 52-week-high of $126.98 and a 52-week-low of $64.72. Moreover, at the end of the last trading period, the closing price was at $94.95.
• With a rating of Neutral, JP Morgan initiated coverage on Republic Services Inc RSG. The price target is set at $94.00 for Republic Services. For the second quarter, Republic Services had an EPS of $0.79, compared to year-ago quarter EPS of $0.73. The current market cap for Republic Services is at $27.8 billion. The current stock performance of Republic Services shows a 52-week-high of $90.60 and a 52-week-low of $67.48. Moreover, at the end of the last trading period, the closing price was at $87.99.
• JP Morgan initiated coverage on Waste Connections Inc WCN with an Overweight rating. The price target for Waste Connections is set at $98.00. For the second quarter, Waste Connections had an EPS of $0.69, compared to year-ago quarter EPS of $0.65. The current market cap for Waste Connections is at $23.3 billion. At the moment, the stock has a 52-week-high of $97.93 and a 52-week-low of $70.28. Waste Connections closed at $89.93 at the end of the last trading period.
• JP Morgan initiated coverage on Waste Management Inc WM with a Neutral rating. The price target for Waste Management is set at $120.00. Waste Management earned $1.11 in the second quarter, compared to $1.01 in the year-ago quarter. Waste Management's market cap stands at $42.9 billion. The current stock performance of Waste Management shows a 52-week-high of $118.89 and a 52-week-low of $83.22. Moreover, at the end of the last trading period, the closing price was at $116.09.