Benzinga's Top Upgrades, Downgrades For July 27, 2020

Upgrades

• For First Community Corp FCCO, Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, First Community showed an EPS of $0.30, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.00 and a 52-week-low of $12.51. First Community closed at $13.66 at the end of the last trading period.
• Raymond James upgraded American Airlines Group AAL from Underperform to Market Perform. American Airlines shares closed at $11.39 on Friday.
• Goldman Sachs upgraded Tapestry TPR from Neutral to Buy. Tapestry shares closed at $13.47 on Friday.
• Citigroup upgraded the previous rating for Schlumberger Ltd SLB from Neutral to Buy. For the second quarter, Schlumberger had an EPS of $0.05, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $41.14 and a 52-week-low of $11.87. At the end of the last trading period, Schlumberger closed at $19.49.

Downgrades

• Credit Suisse downgraded Archer-Daniels Midland (NYSE: ADM) from Neutral to Underperform. Archer-Daniels Midland shares closed at $42.09 on Friday.
• Berenberg downgraded Albemarle ALB from Hold to Sell. Albemarle sharse closed at $87.04 on Friday.
• JP Morgan downgraded Cabot Corporation CBT from Overweight to Neutral. Cabot shares closed at $38.25 on Friday.
• Roth Capital downgraded First Solar FSLR from Buy to Neutral. First Solar shares closed at $62.16 on Friday.

Initiations

• Deutsche Bank initiated coverage on Dun & Bradstreet Holdings Inc DNB with a Buy rating. The price target for Dun & Bradstreet Holdings is set to $30.00. For the third quarter, Dun & Bradstreet Holdings had an EPS of $1.85, compared to year-ago quarter EPS of $1.79. Moreover, at the end of the last trading period, the closing price was at $25.12.
• Credit Suisse initiated coverage on Accolade Inc ACCD with a Neutral rating. The price target for Accolade is set to $38.00. Moreover, at the end of the last trading period, the closing price was at $32.94.
• Raymond James initiated coverage on Oshkosh Corp OSK with an Outperform rating. The price target for Oshkosh is set to $85.00. Oshkosh earned $1.25 in the second quarter, compared to $1.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $95.62 and a 52-week-low of $46.72. Oshkosh closed at $78.58 at the end of the last trading period.
• HC Wainwright & Co. initiated coverage on Meridian Bioscience Inc VIVO with a Buy rating. The price target for Meridian Bioscience is set to $34.00. In the second quarter, Meridian Bioscience showed an EPS of $0.23, compared to $0.19 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.88 and a 52-week-low of $5.51. Meridian Bioscience closed at $23.15 at the end of the last trading period.
• With a current rating of Buy, HC Wainwright & Co. initiated coverage on Satsuma Pharmaceuticals Inc STSA. The price target seems to have been set at $35.00 for Satsuma Pharmaceuticals. Satsuma Pharmaceuticals earned ($0.68) in the first quarter, compared to ($2.51) in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.10 and a 52-week-low of $8.61. Satsuma Pharmaceuticals closed at $25.63 at the end of the last trading period.