Benzinga's Top Upgrades, Downgrades For March 18, 2020

Upgrades

• Morgan Stanley changed the rating for Paychex Inc PAYX from Underweight to Equal-Weight. Paychex earned $0.70 in the second quarter, compared to $0.65 in the year-ago quarter. The stock has a 52-week-high of $90.53 and a 52-week-low of $54.48. Paychex's stock last closed at $60.79 per share.
• BTIG changed the rating for Globus Medical Inc GMED from Neutral to Buy. In the fourth quarter, Globus Medical showed an EPS of $0.49, compared to $0.43 from the year-ago quarter. The stock has a 52-week-high of $60.15 and a 52-week-low of $33.41. Globus Medical's stock last closed at $39.97 per share.
• Susquehanna changed the rating for MGM Resorts International MGM from Negative to Neutral. In the fourth quarter, MGM Resorts Intl earned $0.08. The stock has a 52-week-high of $34.63 and a 52-week-low of $9.00. MGM Resorts Intl's stock last closed at $9.54 per share.
• B of A Securities changed the rating for Central Garden & Pet Co CENT from Neutral to Buy. In the first quarter, Central Garden & Pet showed an EPS of ($0.08), compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $34.69 and a 52-week-low of $22.40. Central Garden & Pet's stock last closed at $29.65 per share.
• For The Hershey Co HSY, Credit Suisse upgraded the stock from Neutral to Outperform. For the fourth quarter, Hershey had an EPS of $1.28, compared to year-ago quarter EPS of $1.26. The stock has a 52-week-high of $162.20 and a 52-week-low of $108.95. Hershey's stock last closed at $138.94 per share.
• UBS changed the rating for Caterpillar Inc CAT from Sell to Neutral. For the fourth quarter, Caterpillar had an EPS of $2.63, compared to year-ago quarter EPS of $2.55. The stock has a 52-week-high of $150.55 and a 52-week-low of $87.50. Caterpillar's stock last closed at $100.20 per share.
• Dougherty & Co. changed the rating for NextGen Healthcare Inc NXGN from Neutral to Buy. In the third quarter, NextGen Healthcare showed an EPS of $0.23, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $21.12 and a 52-week-low of $5.10. NextGen Healthcare's stock last closed at $6.15 per share.
• For Change Healthcare Inc CHNG, Raymond James upgraded the stock from Outperform to Strong Buy. Interestingly, in the third quarter, Change Healthcare's EPS was $0.33. The stock has a 52-week-high of $17.57 and a 52-week-low of $6.67. Change Healthcare's stock last closed at $7.78 per share.

Downgrades

• Morgan Stanley changed the rating for Monster Beverage Corp MNST from Overweight to Equal-Weight. For the fourth quarter, Monster Beverage had an EPS of $0.47, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $70.52 and a 52-week-low of $52.23. Monster Beverage's stock last closed at $59.74 per share.
• B. Riley FBR downgraded the stock for Sinclair Broadcast Group Inc SBGI from Buy to Neutral. Sinclair Broadcast Group earned $0.94 in the fourth quarter, compared to $2.13 in the year-ago quarter. The stock has a 52-week-high of $66.57 and a 52-week-low of $10.94. Sinclair Broadcast Group's stock last closed at $13.54 per share.