Benzinga's Top Upgrades, Downgrades For July 20, 2020

Upgrades

Raymond James changed the rating for Parsley Energy Inc PE from Outperform to Strong Buy. For the first quarter, Parsley Energy had an EPS of $0.29, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $20.80 and a 52-week-low of $3.92. Parsley Energy's stock last closed at $10.51 per share.
For Laredo Petroleum Inc LPI, Raymond James upgraded the stock from Market Perform to Outperform. Laredo Petroleum earned $0.09 in the first quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $29.10 and a 52-week-low of $0.33. Laredo Petroleum's stock last closed at $13.81 per share.
Raymond James changed the rating for Apache Corp APA from Market Perform to Outperform. 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 $13.29 per share.
Credit Suisse changed the rating for Gilead Sciences Inc GILD from Underperform to Neutral. For the first quarter, Gilead Sciences had an EPS of $1.68, compared to year-ago quarter EPS of $1.76. The stock has a 52-week-high of $85.97 and a 52-week-low of $60.89. Gilead Sciences's stock last closed at $77.51 per share.
William Blair upgraded the stock for Chubb Ltd CB from Underperform to Market Perform. For the first quarter, Chubb had an EPS of $2.68, compared to year-ago quarter EPS of $2.54. The stock has a 52-week-high of $167.74 and a 52-week-low of $87.35. Chubb's stock last closed at $136.04 per share.
Barclays changed the rating for Citrix Systems Inc CTXS from Equal-Weight to Overweight. In the first quarter, Citrix Systems showed an EPS of $1.73, compared to $1.27 from the year-ago quarter. The stock has a 52-week-high of $156.30 and a 52-week-low of $90.28. Citrix Systems's stock last closed at $155.83 per share.
For Johnson & Johnson JNJ, Independent Research upgraded the stock from Hold to Buy. In the second quarter, Johnson & Johnson showed an EPS of $1.67, compared to $2.58 from the year-ago quarter. The stock has a 52-week-high of $157.00 and a 52-week-low of $109.16. Johnson & Johnson's stock last closed at $149.36 per share.
William Blair upgraded the stock for The Travelers Companies Inc TRV from Market Perform to Outperform. Travelers Companies earned $2.62 in the first quarter, compared to $2.83 in the year-ago quarter. The stock has a 52-week-high of $154.17 and a 52-week-low of $76.99. Travelers Companies's stock last closed at $119.21 per share.
Stifel upgraded the stock for Matador Resources Co MTDR from Hold to Buy. Matador Resources earned $0.20 in the first quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $19.82 and a 52-week-low of $1.11. Matador Resources's stock last closed at $8.65 per share.
For QEP Resources Inc QEP, JP Morgan upgraded the stock from Underweight to Neutral. In the first quarter, QEP Resources showed an EPS of $0.21, compared to $0.15 from the year-ago quarter. The stock has a 52-week-high of $6.52 and a 52-week-low of $0.26. QEP Resources's stock last closed at $1.35 per share.
Evercore ISI Group changed the rating for First Horizon National Corp FHN from In-Line to Outperform. In the second quarter, First Horizon National showed an EPS of $0.20, compared to $0.42 from the year-ago quarter. The stock has a 52-week-high of $17.42 and a 52-week-low of $6.27. First Horizon National's stock last closed at $9.24 per share.
For Dropbox Inc DBX, Jefferies upgraded the stock from Hold to Buy. For the first quarter, Dropbox had an EPS of $0.17, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $25.72 and a 52-week-low of $14.55. Dropbox's stock last closed at $20.83 per share.
For Valero Energy Corp VLO, Jefferies upgraded the stock from Hold to Buy. In the first quarter, Valero Energy showed an EPS of $0.34, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $101.99 and a 52-week-low of $31.00. Valero Energy's stock last closed at $55.45 per share.

Downgrades

For Freeport-McMoRan Inc FCX, Barclays downgraded the stock from Overweight to Equal-Weight. Freeport-McMoRan earned ($0.16) in the first quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $13.87 and a 52-week-low of $4.82. Freeport-McMoRan's stock last closed at $13.58 per share.
Deutsche Bank changed the rating for GDS Holdings Ltd GDS from Hold to Sell. For the first quarter, GDS Holdings had an EPS of ($0.10), compared to year-ago quarter EPS of ($0.18). The stock has a 52-week-high of $91.97 and a 52-week-low of $34.15. GDS Holdings's stock last closed at $81.08 per share.
Deutsche Bank downgraded the stock for Paramount Group Inc PGRE from Buy to Hold. Paramount Group earned $0.27 in the first quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $15.00 and a 52-week-low of $6.42. Paramount Group's stock last closed at $7.28 per share.
JP Morgan downgraded the stock for Moderna Inc MRNA from Overweight to Neutral. Moderna earned ($0.35) in the first quarter, compared to ($0.40) in the year-ago quarter. The stock has a 52-week-high of $95.21 and a 52-week-low of $11.54. Moderna's stock last closed at $94.85 per share.
Credit Suisse downgraded the stock for AcelRx Pharmaceuticals Inc ACRX from Neutral to Underperform. For the first quarter, AcelRx Pharmaceuticals had an EPS of ($0.20), compared to year-ago quarter EPS of ($0.17). The stock has a 52-week-high of $2.86 and a 52-week-low of $0.70. AcelRx Pharmaceuticals's stock last closed at $1.26 per share.

Initiations

Barrington Research initiated coverage on Points International Ltd PCOM with an Outperform rating. The price target for Points International is set at $18.00. For the first quarter, Points International had an EPS of $0.08, compared to year-ago quarter EPS of $0.12. The stock has a 52-week-high of $19.06 and a 52-week-low of $6.89. Points International's stock last closed at $9.62 per share.
With a rating of Overweight, Wells Fargo initiated coverage on Starbucks Corp SBUX. The price target is set at $92.00 for Starbucks. For the second quarter, Starbucks had an EPS of $0.32, compared to year-ago quarter EPS of $0.60. The stock has a 52-week-high of $99.72 and a 52-week-low of $50.02. Starbucks's stock last closed at $74.16 per share.
With a rating of Outperform, BMO Capital initiated coverage on Immunic Inc IMUX. The price target is set at $40.00 for Immunic. In the first quarter, Immunic showed an EPS of ($0.79), compared to ($0.22) from the year-ago quarter. The stock has a 52-week-high of $17.24 and a 52-week-low of $4.19. Immunic's stock last closed at $13.52 per share.
Piper Sandler initiated coverage on Zynex Inc ZYXI with an Overweight rating. The price target for Zynex is set at $30.00. Zynex earned $0.09 in the first quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $29.73 and a 52-week-low of $7.22. Zynex's stock last closed at $21.42 per share.