Benzinga's Top Upgrades, Downgrades For September 24, 2020

Upgrades

Canaccord Genuity upgraded the previous rating for ZoomInfo Technologies Inc ZI from Hold to Buy. In the second quarter, ZoomInfo Technologies earned $0.07. The stock has a 52-week-high of $64.40 and a 52-week-low of $30.83. At the end of the last trading period, ZoomInfo Technologies closed at $35.60.
Oppenheimer upgraded the previous rating for Square Inc SQ from Perform to Outperform. For the second quarter, Square had an EPS of $0.18, compared to year-ago quarter EPS of $0.21. The current stock performance of Square shows a 52-week-high of $170.61 and a 52-week-low of $32.33. Moreover, at the end of the last trading period, the closing price was at $149.71.
Seaport Global upgraded the previous rating for Andersons Inc ANDE from Neutral to Buy. Andersons earned $0.88 in the second quarter, compared to $0.98 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.09 and a 52-week-low of $10.00. Andersons closed at $17.96 at the end of the last trading period.
For Silicon Motion Technology Corp SIMO, Wedbush upgraded the previous rating of Neutral to the current rating Outperform. Silicon Motion Technology earned $0.81 in the second quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $53.04 and a 52-week-low of $26.72. At the end of the last trading period, Silicon Motion Technology closed at $37.25.
UBS upgraded the previous rating for Goldman Sachs Group Inc GS from Neutral to Buy. Goldman Sachs Group earned $6.26 in the second quarter, compared to $5.81 in the year-ago quarter. The stock has a 52-week-high of $250.46 and a 52-week-low of $130.85. At the end of the last trading period, Goldman Sachs Group closed at $186.08.
Baird upgraded the previous rating for Bed Bath & Beyond Inc BBBY from Neutral to Outperform. In the first quarter, Bed Bath & Beyond showed an EPS of $1.96, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.79 and a 52-week-low of $3.43. Bed Bath & Beyond closed at $13.36 at the end of the last trading period.
For FedEx Corp FDX, Stifel upgraded the previous rating of Hold to the current rating Buy. FedEx earned $4.87 in the first quarter, compared to $3.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $256.18 and a 52-week-low of $88.69. FedEx closed at $241.38 at the end of the last trading period.
According to Credit Suisse, the prior rating for JinkoSolar Holding Co Ltd JKS was changed from Neutral to Outperform. For the second quarter, JinkoSolar Holding Co had an EPS of $1.20, compared to year-ago quarter EPS of $0.71. The stock has a 52-week-high of $33.74 and a 52-week-low of $11.42. At the end of the last trading period, JinkoSolar Holding Co closed at $33.43.
For Exxon Mobil Corp XOM, ScotiaBank upgraded the previous rating of Sector Underperform to the current rating Sector Perform. In the second quarter, Exxon Mobil showed an EPS of $0.70, compared to $0.73 from the year-ago quarter. The current stock performance of Exxon Mobil shows a 52-week-high of $73.12 and a 52-week-low of $30.11. Moreover, at the end of the last trading period, the closing price was at $34.40.
According to ScotiaBank, the prior rating for Occidental Petroleum Corp OXY was changed from Sector Perform to Sector Outperform. Occidental Petroleum earned $1.76 in the second quarter, compared to $0.97 in the year-ago quarter. The stock has a 52-week-high of $47.58 and a 52-week-low of $9.00. At the end of the last trading period, Occidental Petroleum closed at $10.41.
For Rockwell Automation Inc ROK, Daiwa Capital upgraded the previous rating of Neutral to the current rating Outperform. Rockwell Automation earned $1.27 in the third quarter, compared to $2.40 in the year-ago quarter. The current stock performance of Rockwell Automation shows a 52-week-high of $238.49 and a 52-week-low of $115.38. Moreover, at the end of the last trading period, the closing price was at $212.91.

Downgrades

Consumer Edge Research downgraded the previous rating for Coty Inc COTY from Overweight to Equal-Weight. In the fourth quarter, Coty showed an EPS of $0.46, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $13.42 and a 52-week-low of $2.92. At the end of the last trading period, Coty closed at $2.93.
For Penn National Gaming Inc PENN, Macquarie downgraded the previous rating of Outperform to the current rating Neutral. For the second quarter, Penn National Gaming had an EPS of $1.69, compared to year-ago quarter EPS of $0.44. The current stock performance of Penn National Gaming shows a 52-week-high of $76.62 and a 52-week-low of $3.75. Moreover, at the end of the last trading period, the closing price was at $69.00.
JP Morgan downgraded the previous rating for Stratasys Ltd SSYS from Overweight to Neutral. For the second quarter, Stratasys had an EPS of $0.13, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $23.17 and a 52-week-low of $12.18. At the end of the last trading period, Stratasys closed at $12.70.
Wedbush downgraded the previous rating for Nikola Corp NKLA from Neutral to Underperform. In the second quarter, Nikola earned $0.16. The current stock performance of Nikola shows a 52-week-high of $93.99 and a 52-week-low of $20.61. Moreover, at the end of the last trading period, the closing price was at $21.15.
For Chevron Corp CVX, ScotiaBank downgraded the previous rating of Sector Outperform to the current rating Sector Perform. For the second quarter, Chevron had an EPS of $1.59, compared to year-ago quarter EPS of $1.89. At the moment, the stock has a 52-week-high of $125.00 and a 52-week-low of $51.60. Chevron closed at $72.00 at the end of the last trading period.
According to ScotiaBank, the prior rating for Hess Corp HES was changed from Sector Outperform to Sector Perform. Hess earned $1.05 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $74.11 and a 52-week-low of $26.06. At the end of the last trading period, Hess closed at $39.41.
According to ScotiaBank, the prior rating for Murphy Oil Corp MUR was changed from Sector Perform to Sector Underperform. In the second quarter, Murphy Oil showed an EPS of $0.71, compared to $0.21 from the year-ago quarter. The current stock performance of Murphy Oil shows a 52-week-high of $28.12 and a 52-week-low of $4.50. Moreover, at the end of the last trading period, the closing price was at $8.71.

Initiations

With a current rating of Equal-Weight, Wells Fargo initiated coverage on Werner Enterprises Inc WERN. The price target seems to have been set at $47.00 for Werner Enterprises. Werner Enterprises earned $0.62 in the second quarter, compared to $0.63 in the year-ago quarter. The stock has a 52-week-high of $47.43 and a 52-week-low of $28.99. At the end of the last trading period, Werner Enterprises closed at $42.50.
With a current rating of Underweight, Wells Fargo initiated coverage on Ryder System Inc R. The price target seems to have been set at $40.00 for Ryder System. In the second quarter, Ryder System showed an EPS of $0.95, compared to $1.40 from the year-ago quarter. The stock has a 52-week-high of $57.38 and a 52-week-low of $22.62. At the end of the last trading period, Ryder System closed at $41.76.
With a current rating of Equal-Weight, Wells Fargo initiated coverage on Landstar System Inc LSTR. The price target seems to have been set at $135.00 for Landstar System. In the second quarter, Landstar System showed an EPS of $0.68, compared to $1.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $139.99 and a 52-week-low of $85.30. Landstar System closed at $126.72 at the end of the last trading period.
Wells Fargo initiated coverage on Knight-Swift Transportation Holdings Inc KNX with an Overweight rating. The price target for Knight-Swift is set to $51.00. Knight-Swift earned $0.57 in the second quarter, compared to $0.58 in the year-ago quarter. The current stock performance of Knight-Swift shows a 52-week-high of $47.44 and a 52-week-low of $27.54. Moreover, at the end of the last trading period, the closing price was at $41.06.
Wells Fargo initiated coverage on JB Hunt Transport Services Inc JBHT with an Overweight rating. The price target for JB Hunt Transport Servs is set to $155.00. For the second quarter, JB Hunt Transport Servs had an EPS of $1.14, compared to year-ago quarter EPS of $1.23. At the moment, the stock has a 52-week-high of $144.34 and a 52-week-low of $75.29. JB Hunt Transport Servs closed at $129.63 at the end of the last trading period.
Wells Fargo initiated coverage on Hub Group Inc HUBG with an Overweight rating. The price target for Hub Group is set to $61.00. In the second quarter, Hub Group showed an EPS of $0.60, compared to $0.87 from the year-ago quarter. The current stock performance of Hub Group shows a 52-week-high of $60.41 and a 52-week-low of $36.51. Moreover, at the end of the last trading period, the closing price was at $48.80.
With a current rating of Equal-Weight, Wells Fargo initiated coverage on Expeditors International of Washington Inc EXPD. The price target seems to have been set at $97.00 for Expeditors International. For the second quarter, Expeditors International had an EPS of $1.09, compared to year-ago quarter EPS of $0.88. At the moment, the stock has a 52-week-high of $95.12 and a 52-week-low of $52.55. Expeditors International closed at $88.74 at the end of the last trading period.
With a current rating of Underweight, Wells Fargo initiated coverage on C.H. Robinson Worldwide Inc CHRW. The price target seems to have been set at $92.00 for C.H. Robinson Worldwide. For the second quarter, C.H. Robinson Worldwide had an EPS of $1.06, compared to year-ago quarter EPS of $1.22. The current stock performance of C.H. Robinson Worldwide shows a 52-week-high of $105.71 and a 52-week-low of $56.94. Moreover, at the end of the last trading period, the closing price was at $101.17.
Macquarie initiated coverage on DraftKings Inc DKNG with an Outperform rating. The price target for DraftKings is set to $65.00. DraftKings earned $0.55 in the second quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.70 and a 52-week-low of $18.00. DraftKings closed at $50.12 at the end of the last trading period.
With a current rating of Buy, Needham initiated coverage on Tencent Music Entertainment Group TME. The price target seems to have been set at $17.00 for Tencent Music Enter Gr. Tencent Music Enter Gr earned $0.10 in the second quarter, compared to $0.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.97 and a 52-week-low of $9.22. Tencent Music Enter Gr closed at $14.73 at the end of the last trading period.
With a current rating of Buy, Jefferies initiated coverage on Ingersoll Rand Inc IR. The price target seems to have been set at $42.00 for Ingersoll Rand. Ingersoll Rand earned $0.31 in the second quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $146.85 and a 52-week-low of $17.01. At the end of the last trading period, Ingersoll Rand closed at $35.02.
For Old Dominion Freight Line Inc ODFL, Wells Fargo initiated coverage, by setting the current rating at Equal-Weight. In the second quarter, Old Dominion Freight Line showed an EPS of $1.25, compared to $2.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $227.21 and a 52-week-low of $119.01. Old Dominion Freight Line closed at $182.18 at the end of the last trading period.
Wells Fargo initiated coverage on Saia Inc SAIA with a Equal-Weight rating. Saia earned $1.07 in the second quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $142.24 and a 52-week-low of $61.46. Saia closed at $120.86 at the end of the last trading period.
Wells Fargo initiated coverage on XPO Logistics Inc XPO with an Overweight rating. In the second quarter, XPO Logistics showed an EPS of $0.63, compared to $1.28 from the year-ago quarter. The current stock performance of XPO Logistics shows a 52-week-high of $100.18 and a 52-week-low of $38.47. Moreover, at the end of the last trading period, the closing price was at $83.04.
MKM Partners initiated coverage on Chevron Corp CVX with a Buy rating. The price target for Chevron is set to $121.00. For the second quarter, Chevron had an EPS of $1.59, compared to year-ago quarter EPS of $1.89. At the moment, the stock has a 52-week-high of $125.00 and a 52-week-low of $51.60. Chevron closed at $72.00 at the end of the last trading period.
ScotiaBank initiated coverage on BP PLC BP with a Sector Perform rating. The price target for BP is set to $23.00. In the second quarter, BP showed an EPS of $1.98, compared to $0.83 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.08 and a 52-week-low of $15.51. BP closed at $17.96 at the end of the last trading period.