Benzinga's Top Upgrades, Downgrades For June 15, 2020

Upgrades

Berenberg changed the rating for Mondelez International Inc MDLZ from Hold to Buy. For the first quarter, Mondelez International had an EPS of $0.69, compared to year-ago quarter EPS of $0.65. The stock has a 52-week-high of $59.96 and a 52-week-low of $41.19. Mondelez International's stock last closed at $50.73 per share.
Evercore ISI Group upgraded the stock for Public Storage PSA from Underperform to In-Line. Public Storage earned $2.58 in the first quarter, compared to $2.53 in the year-ago quarter. The stock has a 52-week-high of $266.76 and a 52-week-low of $155.37. Public Storage's stock last closed at $196.34 per share.
Loop Capital changed the rating for RH RH from Hold to Buy. RH earned $1.27 in the first quarter, compared to $1.85 in the year-ago quarter. The stock has a 52-week-high of $265.87 and a 52-week-low of $73.14. RH's stock last closed at $235.97 per share.
For Werner Enterprises Inc WERN, UBS upgraded the stock from Neutral to Buy. Werner Enterprises earned $0.40 in the first quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $46.95 and a 52-week-low of $28.71. Werner Enterprises's stock last closed at $39.87 per share.
For Apache Corp APA, Citigroup upgraded the stock from Neutral to Buy. For the first quarter, Apache had an EPS of ($0.13), compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $33.77 and a 52-week-low of $3.80. Apache's stock last closed at $13.77 per share.
B. Riley FBR upgraded the stock for Six Flags Entertainment Corp SIX from Neutral to Buy. Six Flags Entertainment earned ($1.00) in the first quarter, compared to ($0.82) in the year-ago quarter. The stock has a 52-week-high of $59.52 and a 52-week-low of $8.75. Six Flags Entertainment's stock last closed at $22.74 per share.
For FormFactor Inc FORM, Stifel upgraded the stock from Hold to Buy. FormFactor earned $0.33 in the first quarter, compared to $0.20 in the year-ago quarter. The stock has a 52-week-high of $28.58 and a 52-week-low of $14.34. FormFactor's stock last closed at $25.18 per share.
Morgan Stanley changed the rating for AmerisourceBergen Corp ABC from Equal-Weight to Overweight. For the second quarter, AmerisourceBergen had an EPS of $2.40, compared to year-ago quarter EPS of $2.11. The stock has a 52-week-high of $102.99 and a 52-week-low of $72.06. AmerisourceBergen's stock last closed at $94.90 per share.
Piper Sandler upgraded the stock for Twilio Inc TWLO from Neutral to Overweight. In the first quarter, Twilio showed an EPS of $0.06, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $209.94 and a 52-week-low of $68.06. Twilio's stock last closed at $191.82 per share.
Piper Sandler upgraded the stock for Shopify Inc SHOP from Neutral to Overweight. In the first quarter, Shopify showed an EPS of $0.19, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $844.00 and a 52-week-low of $281.69. Shopify's stock last closed at $742.70 per share.
For Intel Corp INTC, KeyBanc upgraded the stock from Sector Weight to Overweight. In the first quarter, Intel showed an EPS of $1.45, compared to $0.89 from the year-ago quarter. The stock has a 52-week-high of $69.29 and a 52-week-low of $43.63. Intel's stock last closed at $59.33 per share.

Downgrades

Atlantic Equities changed the rating for Advance Auto Parts Inc AAP from Neutral to Underweight. For the first quarter, Advance Auto Parts had an EPS of $0.91, compared to year-ago quarter EPS of $2.46. The stock has a 52-week-high of $171.43 and a 52-week-low of $71.33. Advance Auto Parts's stock last closed at $135.81 per share.
For Kimco Realty Corp KIM, Evercore ISI Group downgraded the stock from In-Line to Underperform. Kimco Realty earned $0.37 in the first quarter, compared to $0.37 in the year-ago quarter. The stock has a 52-week-high of $21.86 and a 52-week-low of $7.45. Kimco Realty's stock last closed at $13.76 per share.
Evercore ISI Group downgraded the stock for Macerich Co MAC from In-Line to Underperform. Macerich earned $0.81 in the first quarter, compared to $0.81 in the year-ago quarter. The stock has a 52-week-high of $35.94 and a 52-week-low of $4.81. Macerich's stock last closed at $9.77 per share.
Clarksons Platou downgraded the stock for Transocean Ltd RIG from Buy to Neutral. For the first quarter, Transocean had an EPS of ($0.30), compared to year-ago quarter EPS of ($0.30). The stock has a 52-week-high of $7.28 and a 52-week-low of $0.76. Transocean's stock last closed at $2.20 per share.
Evercore ISI Group changed the rating for Ventas Inc VTR from In-Line to Underperform. For the first quarter, Ventas had an EPS of $0.97, compared to year-ago quarter EPS of $0.99. The stock has a 52-week-high of $75.40 and a 52-week-low of $13.35. Ventas's stock last closed at $39.41 per share.

Initiations

With a rating of Buy, HC Wainwright & Co. initiated coverage on Atara Biotherapeutics Inc ATRA. The price target is set at $25.00 for Atara Biotherapeutics. In the first quarter, Atara Biotherapeutics showed an EPS of ($1.20), compared to ($1.44) from the year-ago quarter. The stock has a 52-week-high of $22.59 and a 52-week-low of $4.52. Atara Biotherapeutics's stock last closed at $9.38 per share.
With a rating of Buy, Seaport Global initiated coverage on Edison International EIX. The price target is set at $70.00 for Edison Intl. Edison Intl earned $0.63 in the first quarter, compared to $0.63 in the year-ago quarter. The stock has a 52-week-high of $78.93 and a 52-week-low of $43.63. Edison Intl's stock last closed at $57.59 per share.
With a rating of Buy, HC Wainwright & Co. initiated coverage on KalVista Pharmaceuticals Inc KALV. The price target is set at $30.00 for KalVista Pharmaceuticals. For the third quarter, KalVista Pharmaceuticals had an EPS of ($0.52), compared to year-ago quarter EPS of ($0.23). The stock has a 52-week-high of $23.23 and a 52-week-low of $5.61. KalVista Pharmaceuticals's stock last closed at $10.41 per share.
With a rating of Buy, Seaport Global initiated coverage on Sempra Energy SRE. The price target is set at $142.00 for Sempra Energy. In the first quarter, Sempra Energy showed an EPS of $3.08, compared to $1.92 from the year-ago quarter. The stock has a 52-week-high of $161.87 and a 52-week-low of $88.00. Sempra Energy's stock last closed at $124.06 per share.
With a rating of Neutral, Rosenblatt initiated coverage on Synaptics Inc SYNA. The price target is set at $66.00 for Synaptics. For the third quarter, Synaptics had an EPS of $1.49, compared to year-ago quarter EPS of $0.83. The stock has a 52-week-high of $84.75 and a 52-week-low of $27.45. Synaptics's stock last closed at $62.61 per share.
With a rating of Equal-Weight, Morgan Stanley initiated coverage on Theravance Biopharma Inc TBPH. The price target is set at $30.00 for Theravance Biopharma. In the first quarter, Theravance Biopharma showed an EPS of ($1.14), compared to ($1.32) from the year-ago quarter. The stock has a 52-week-high of $31.54 and a 52-week-low of $15.35. Theravance Biopharma's stock last closed at $25.25 per share.
Jefferies initiated coverage on Staar Surgical Co STAA with a Buy rating. The price target for Staar Surgical is set at $55.00. In the first quarter, Staar Surgical showed an EPS of $0.04, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $44.91 and a 52-week-low of $23.20. Staar Surgical's stock last closed at $42.73 per share.
Citigroup initiated coverage on SelectQuote Inc SLQT with a Buy rating. The price target for SelectQuote is set at $32.00. The stock has a 52-week-high of $29.00 and a 52-week-low of $25.28. SelectQuote's stock last closed at $27.45 per share.
With a rating of Outperform, RBC Capital initiated coverage on SelectQuote Inc SLQT. The price target is set at $32.00 for SelectQuote. The stock has a 52-week-high of $29.00 and a 52-week-low of $25.28. SelectQuote's stock last closed at $27.45 per share.
With a rating of Overweight, Atlantic Equities initiated coverage on Starbucks Corp SBUX. The price target is set at $95.00 for Starbucks. Starbucks earned $0.32 in the second quarter, compared to $0.60 in the year-ago quarter. The stock has a 52-week-high of $99.72 and a 52-week-low of $50.02. Starbucks's stock last closed at $76.38 per share.
With a rating of Equal-Weight, Morgan Stanley initiated coverage on Packaging Corp of America PKG. The price target is set at $93.00 for Packaging Corp of America. Packaging Corp of America earned $1.50 in the first quarter, compared to $1.98 in the year-ago quarter. The stock has a 52-week-high of $114.78 and a 52-week-low of $71.05. Packaging Corp of America's stock last closed at $98.95 per share.
Morgan Stanley initiated coverage on International Paper Co IP with an Underweight rating. In the first quarter, International Paper showed an EPS of $0.57, compared to $1.11 from the year-ago quarter. The stock has a 52-week-high of $47.64 and a 52-week-low of $26.38. International Paper's stock last closed at $34.92 per share.
Jefferies initiated coverage on Glaukos Corp GKOS with a Hold rating. The price target for Glaukos is set at $44.00. Glaukos earned ($0.44) in the first quarter, compared to ($0.04) in the year-ago quarter. The stock has a 52-week-high of $84.65 and a 52-week-low of $23.31. Glaukos's stock last closed at $38.65 per share.
Morgan Stanley initiated coverage on EPAM Systems Inc EPAM with a Equal-Weight rating. The price target for EPAM Systems is set at $246.00. In the first quarter, EPAM Systems showed an EPS of $1.43, compared to $1.25 from the year-ago quarter. The stock has a 52-week-high of $248.27 and a 52-week-low of $151.97. EPAM Systems's stock last closed at $235.24 per share.
Needham initiated coverage on MKS Instruments Inc MKSI with a Buy rating. The price target for MKS Instruments is set at $125.00. MKS Instruments earned $1.54 in the first quarter, compared to $1.12 in the year-ago quarter. The stock has a 52-week-high of $122.30 and a 52-week-low of $66.87. MKS Instruments's stock last closed at $104.00 per share.
Jefferies initiated coverage on SelectQuote Inc SLQT with a Hold rating. The price target for SelectQuote is set at $29.00. The stock has a 52-week-high of $29.00 and a 52-week-low of $25.28. SelectQuote's stock last closed at $27.45 per share.