Benzinga's Top Upgrades, Downgrades For November 12, 2020

Upgrades

For The Wendy's Co WEN, Northcoast Research upgraded the previous rating of Neutral to the current rating Buy. Wendy's earned $0.19 in the third quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of 24.91 and a 52-week-low of 6.82. Wendy's closed at $23.21 at the end of the last trading period.
Gordon Haskett upgraded the previous rating for Ross Stores Inc ROST from Accumulate to Buy. For the second quarter, Ross Stores had an EPS of $0.06, compared to year-ago quarter EPS of $1.14. The stock has a 52-week-high of 124.16 and a 52-week-low of 56.3. At the end of the last trading period, Ross Stores closed at $104.18.
For PG&E Corp PCG, Wolfe Research upgraded the previous rating of Peer Perform to the current rating Outperform. In the third quarter, PG&E showed an EPS of $0.22, compared to $1.11 from the year-ago quarter. The stock has a 52-week-high of 18.34 and a 52-week-low of 5.96. At the end of the last trading period, PG&E closed at $10.71.
Gordon Haskett upgraded the previous rating for The Home Depot Inc HD from Accumulate to Buy. For the second quarter, Home Depot had an EPS of $4.02, compared to year-ago quarter EPS of $3.17. The current stock performance of Home Depot shows a 52-week-high of 292.95 and a 52-week-low of 140.63. Moreover, at the end of the last trading period, the closing price was at $277.89.
For Burlington Stores Inc BURL, Gordon Haskett upgraded the previous rating of Accumulate to the current rating Buy. For the second quarter, Burlington Stores had an EPS of $0.56, compared to year-ago quarter EPS of $1.36. The stock has a 52-week-high of 250.89 and a 52-week-low of 105.67. At the end of the last trading period, Burlington Stores closed at $221.54.
Morgan Stanley upgraded the previous rating for ServiceNow Inc NOW from Equal-Weight to Overweight. For the third quarter, ServiceNow had an EPS of $1.21, compared to year-ago quarter EPS of $0.99. The stock has a 52-week-high of 537.53 and a 52-week-low of 238.93. At the end of the last trading period, ServiceNow closed at $503.77.
Societe Generale upgraded the previous rating for International Flavors & Fragrances Inc IFF from Sell to Hold. In the third quarter, Intl Flavors & Fragrances showed an EPS of $1.40, compared to $1.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of 143.87 and a 52-week-low of 92.14. Intl Flavors & Fragrances closed at $109.06 at the end of the last trading period.
For Steven Madden Ltd SHOO, KeyBanc upgraded the previous rating of Sector Weight to the current rating Overweight. Steven Madden earned $0.39 in the third quarter, compared to $0.67 in the year-ago quarter. The current stock performance of Steven Madden shows a 52-week-high of 44.795 and a 52-week-low of 16.38. Moreover, at the end of the last trading period, the closing price was at $28.00.
For ACCO Brands Corp ACCO, KeyBanc upgraded the previous rating of Sector Weight to the current rating Overweight. ACCO Brands earned $0.19 in the third quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of 11.3799 and a 52-week-low of 3.51. ACCO Brands closed at $6.73 at the end of the last trading period.

Downgrades

For Williams-Sonoma Inc WSM, Gordon Haskett downgraded the previous rating of Buy to the current rating Accumulate. Williams-Sonoma earned $1.80 in the second quarter, compared to $0.87 in the year-ago quarter. The current stock performance of Williams-Sonoma shows a 52-week-high of 107.09 and a 52-week-low of 26.01. Moreover, at the end of the last trading period, the closing price was at $95.73.
Gordon Haskett downgraded the previous rating for Lowe's Companies Inc LOW from Buy to Accumulate. For the second quarter, Lowe's Companies had an EPS of $3.75, compared to year-ago quarter EPS of $2.15. The stock has a 52-week-high of 180.67 and a 52-week-low of 60.0. At the end of the last trading period, Lowe's Companies closed at $157.97.
Longbow Research downgraded the previous rating for Coherent Inc COHR from Buy to Neutral. For the fourth quarter, Coherent had an EPS of $1.01, compared to year-ago quarter EPS of $0.89. The stock has a 52-week-high of 178.08 and a 52-week-low of 78.21. At the end of the last trading period, Coherent closed at $126.22.
For Salesforce.com Inc CRM, Morgan Stanley downgraded the previous rating of Overweight to the current rating Equal-Weight. In the second quarter, Salesforce.com showed an EPS of $1.44, compared to $0.66 from the year-ago quarter. At the moment, the stock has a 52-week-high of 284.5 and a 52-week-low of 115.29. Salesforce.com closed at $254.31 at the end of the last trading period.
According to Keefe, Bruyette & Woods, the prior rating for Cullen/Frost Bankers Inc CFR was changed from Outperform to Market Perform. Cullen/Frost Bankers earned $1.50 in the third quarter, compared to $1.73 in the year-ago quarter. The stock has a 52-week-high of 99.42 and a 52-week-low of 47.69. At the end of the last trading period, Cullen/Frost Bankers closed at $79.92.
For Air Products & Chemicals Inc APD, JP Morgan downgraded the previous rating of Overweight to the current rating Neutral. Air Products & Chemicals earned $2.19 in the fourth quarter, compared to $2.27 in the year-ago quarter. The current stock performance of Air Products & Chemicals shows a 52-week-high of 327.89 and a 52-week-low of 167.43. Moreover, at the end of the last trading period, the closing price was at $281.13.

Initiations

Morgan Stanley initiated coverage on Logitech International SA LOGI with an Overweight rating. The price target for Logitech International is set to $100.00. Logitech International earned $1.87 in the second quarter, compared to $0.50 in the year-ago quarter. The current stock performance of Logitech International shows a 52-week-high of 95.7099 and a 52-week-low of 31.37. Moreover, at the end of the last trading period, the closing price was at $82.85.
Guggenheim initiated coverage on Vertiv Holdings Co VRT with a Buy rating. The price target for Vertiv Holdings is set to $21.00. Vertiv Holdings earned $0.32 in the third quarter. At the moment, the stock has a 52-week-high of 19.1827 and a 52-week-low of 4.75. Vertiv Holdings closed at $17.33 at the end of the last trading period.
With a current rating of Strong Buy, Raymond James initiated coverage on Gaming and Leisure Properties Inc GLPI. The price target seems to have been set at $52.00 for Gaming and Leisure Props. Interestingly, in the third quarter, Gaming and Leisure Props's EPS was $0.89. The current stock performance of Gaming and Leisure Props shows a 52-week-high of 50.99 and a 52-week-low of 13.04. Moreover, at the end of the last trading period, the closing price was at $41.24.
With a current rating of Sector Perform, RBC Capital initiated coverage on Under Armour Inc UAA. The price target seems to have been set at $16.00 for Under Armour. In the third quarter, Under Armour earned $0.26. At the moment, the stock has a 52-week-high of 21.96 and a 52-week-low of 7.15. Under Armour closed at $14.50 at the end of the last trading period.
RBC Capital initiated coverage on Nike Inc NKE with an Outperform rating. The price target for Nike is set to $145.00. In the first quarter, Nike showed an EPS of $0.95, compared to $0.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of 136.35 and a 52-week-low of 60.0. Nike closed at $127.63 at the end of the last trading period.
With a current rating of Buy, Roth Capital initiated coverage on Warrior Met Coal Inc HCC. The price target seems to have been set at $20.00 for Warrior Met Coal. In the third quarter, Warrior Met Coal showed an EPS of $0.28, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of 23.73 and a 52-week-low of 9.4601. At the end of the last trading period, Warrior Met Coal closed at $16.80.