Benzinga's Top Upgrades, Downgrades For October 19, 2020

Upgrades

According to Guggenheim, the prior rating for Bristol-Myers Squibb Company BMY was changed from Neutral to Buy. For the second quarter, Bristol-Myers Squibb had an EPS of $1.63, compared to year-ago quarter EPS of $1.18. At the moment, the stock has a 52-week-high of 68.34 and a 52-week-low of 45.76. Bristol-Myers Squibb closed at $61.25 at the end of the last trading period.
For Textainer Group Holdings Ltd TGH, Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, Textainer Group Holdings showed an EPS of $0.28, compared to $0.16 from the year-ago quarter. The current stock performance of Textainer Group Holdings shows a 52-week-high of 15.35 and a 52-week-low of 5.5. Moreover, at the end of the last trading period, the closing price was at $14.33.
For Microchip Technology Inc MCHP, Morgan Stanley upgraded the previous rating of Equal-Weight to the current rating Overweight. For the first quarter, Microchip Technology had an EPS of $1.56, compared to year-ago quarter EPS of $1.41. The stock has a 52-week-high of 116.56 and a 52-week-low of 53.15. At the end of the last trading period, Microchip Technology closed at $110.81.
According to Barclays, the prior rating for Lincoln Electric Holdings Inc LECO was changed from Equal-Weight to Overweight. In the second quarter, Lincoln Electric Holdings showed an EPS of $0.80, compared to $1.28 from the year-ago quarter. The current stock performance of Lincoln Electric Holdings shows a 52-week-high of 101.51 and a 52-week-low of 59.295. Moreover, at the end of the last trading period, the closing price was at $100.88.
For O'Reilly Automotive Inc ORLY, Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. For the second quarter, O'Reilly Automotive had an EPS of $7.10, compared to year-ago quarter EPS of $4.51. The current stock performance of O'Reilly Automotive shows a 52-week-high of 487.95 and a 52-week-low of 251.515. Moreover, at the end of the last trading period, the closing price was at $467.01.
BMO Capital upgraded the previous rating for Kansas City Southern KSU from Market Perform to Outperform. Kansas City Southern earned $1.96 in the third quarter, compared to $1.94 in the year-ago quarter. The current stock performance of Kansas City Southern shows a 52-week-high of 200.0 and a 52-week-low of 92.86. Moreover, at the end of the last trading period, the closing price was at $179.22.
For Heritage-Crystal Clean Inc HCCI, Stifel upgraded the previous rating of Hold to the current rating Buy. Heritage-Crystal Clean earned $0.18 in the third quarter. The stock has a 52-week-high of 32.58 and a 52-week-low of 11.295. At the end of the last trading period, Heritage-Crystal Clean closed at $15.32.
Keefe, Bruyette & Woods upgraded the previous rating for CAI International Inc CAI from Market Perform to Outperform. For the second quarter, CAI International had an EPS of $0.78, compared to year-ago quarter EPS of $0.25. The current stock performance of CAI International shows a 52-week-high of 29.57 and a 52-week-low of 10.13. Moreover, at the end of the last trading period, the closing price was at $27.70.
According to Barclays, the prior rating for AGCO Corp AGCO was changed from Underweight to Equal-Weight. For the second quarter, AGCO had an EPS of $1.11, compared to year-ago quarter EPS of $1.82. At the moment, the stock has a 52-week-high of 83.57 and a 52-week-low of 35.33. AGCO closed at $81.47 at the end of the last trading period.
JP Morgan upgraded the previous rating for Archer-Daniels Midland Co ADM from Neutral to Overweight. Archer-Daniels Midland earned $0.85 in the second quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Archer-Daniels Midland shows a 52-week-high of 50.22 and a 52-week-low of 28.92. Moreover, at the end of the last trading period, the closing price was at $49.79.

Downgrades

For Snap-on Inc SNA, Longbow Research downgraded the previous rating of Neutral to the current rating Underperform. For the second quarter, Snap-on had an EPS of $1.91, compared to year-ago quarter EPS of $3.22. At the moment, the stock has a 52-week-high of 172.61 and a 52-week-low of 90.72. Snap-on closed at $159.18 at the end of the last trading period.
Evercore ISI Group downgraded the previous rating for Paramount Group Inc PGRE from Outperform to In-Line. For the second quarter, Paramount Group had an EPS of $0.23, compared to year-ago quarter EPS of $0.23. The current stock performance of Paramount Group shows a 52-week-high of 15.0 and a 52-week-low of 6.42. Moreover, at the end of the last trading period, the closing price was at $6.73.
Deutsche Bank downgraded the previous rating for Mednax Inc MD from Hold to Sell. Mednax earned $0.32 in the second quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of 28.66 and a 52-week-low of 7.37. At the end of the last trading period, Mednax closed at $14.89.
Union Gaming downgraded the previous rating for Las Vegas Sands Corp LVS from Buy to Hold. In the second quarter, Las Vegas Sands showed an EPS of $1.05, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of 74.29 and a 52-week-low of 33.3. Las Vegas Sands closed at $45.37 at the end of the last trading period.
According to B of A Securities, the prior rating for Aerie Pharmaceuticals Inc AERI was changed from Neutral to Underperform. In the second quarter, Aerie Pharmaceuticals showed an EPS of $1.05, compared to $0.80 from the year-ago quarter. The current stock performance of Aerie Pharmaceuticals shows a 52-week-high of 26.26 and a 52-week-low of 10.22. Moreover, at the end of the last trading period, the closing price was at $11.64.
For United Rentals Inc URI, Barclays downgraded the previous rating of Equal-Weight to the current rating Underweight. United Rentals earned $3.68 in the second quarter, compared to $4.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of 203.57 and a 52-week-low of 58.85. United Rentals closed at $192.95 at the end of the last trading period.
For Allscripts Healthcare Solutions Inc MDRX, Baird downgraded the previous rating of Outperform to the current rating Neutral. In the second quarter, Allscripts Healthcare showed an EPS of $0.18, compared to $0.17 from the year-ago quarter. The current stock performance of Allscripts Healthcare shows a 52-week-high of 11.82 and a 52-week-low of 4.56. Moreover, at the end of the last trading period, the closing price was at $11.07.
For Host Hotels & Resorts Inc HST, Baird downgraded the previous rating of Outperform to the current rating Neutral. For the second quarter, Host Hotels & Resorts had an EPS of $0.26, compared to year-ago quarter EPS of $0.53. The current stock performance of Host Hotels & Resorts shows a 52-week-high of 18.9 and a 52-week-low of 7.855. Moreover, at the end of the last trading period, the closing price was at $10.96.
For Corteva Inc CTVA, Exane BNP Paribas downgraded the previous rating of Outperform to the current rating Underperform. Corteva earned $1.26 in the second quarter, compared to $1.42 in the year-ago quarter. The current stock performance of Corteva shows a 52-week-high of 34.41 and a 52-week-low of 20.38. Moreover, at the end of the last trading period, the closing price was at $34.06.
JP Morgan downgraded the previous rating for Afya Ltd AFYA from Overweight to Neutral. In the second quarter, Afya showed an EPS of $0.12, compared to $6.44 from the year-ago quarter. The stock has a 52-week-high of 34.87 and a 52-week-low of 13.98. At the end of the last trading period, Afya closed at $26.86.
According to JP Morgan, the prior rating for AMC Networks Inc AMCX was changed from Neutral to Underweight. In the second quarter, AMC Networks showed an EPS of $2.39, compared to $2.60 from the year-ago quarter. The stock has a 52-week-high of 48.5 and a 52-week-low of 19.62. vv vvvv At the end of the last trading period, AMC Networks closed at $23.27.
For Clear Channel Outdoor Holdings Inc CCO, JP Morgan downgraded the previous rating of Neutral to the current rating Underweight. Clear Channel Outdoor earned $0.30 in the second quarter, compared to $0.01 in the year-ago quarter. The current stock performance of Clear Channel Outdoor shows a 52-week-high of 3.1 and a 52-week-low of 0.3625. Moreover, at the end of the last trading period, the closing price was at $1.03.

Initiations

Goldman Sachs initiated coverage on Taysha Gene Therapies Inc TSHA with a Buy rating. The price target for Taysha Gene Therapies is set to $31.00. The current stock performance of Taysha Gene Therapies shows a 52-week-high of 27.53 and a 52-week-low of 18.16. Moreover, at the end of the last trading period, the closing price was at $21.80.
With a current rating of Buy, Roth Capital initiated coverage on Laird Superfood Inc LSF. The price target seems to have been set at $57.00 for Laird Superfood. The current stock performance of Laird Superfood shows a 52-week-high of 51.89 and a 52-week-low of 31.0. Moreover, at the end of the last trading period, the closing price was at $48.94.
Raymond James initiated coverage on GoodRx Holdings Inc GDRX with a Market Perform rating. The current stock performance of GoodRx Holdings shows a 52-week-high of 64.2185 and a 52-week-low of 45.5. Moreover, at the end of the last trading period, the closing price was at $53.02.
With a current rating of Strong Buy, Raymond James initiated coverage on 89bio Inc ETNB. The price target seems to have been set at $65.00 for 89bio. In the second quarter, 89bio earned $0.85. The stock has a 52-week-high of 47.2532 and a 52-week-low of 14.0001. At the end of the last trading period, 89bio closed at $23.73.
JP Morgan initiated coverage on GoodRx Holdings Inc GDRX with a Neutral rating. The price target for GoodRx Holdings is set to $59.00. At the moment, the stock has a 52-week-high of 64.2185 and a 52-week-low of 45.5. GoodRx Holdings closed at $53.02 at the end of the last trading period.
With a current rating of Buy, Seaport Global initiated coverage on Sonic Automotive Inc SAH. The price target seems to have been set at $47.00 for Sonic Automotive. In the second quarter, Sonic Automotive showed an EPS of $0.64, compared to $0.62 from the year-ago quarter. The current stock performance of Sonic Automotive shows a 52-week-high of 46.84 and a 52-week-low of 9.0. Moreover, at the end of the last trading period, the closing price was at $39.58.
With a current rating of Buy, Seaport Global initiated coverage on Penske Automotive Group Inc PAG. The price target seems to have been set at $60.00 for Penske Automotive Group. Penske Automotive Group earned $0.56 in the second quarter, compared to $1.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of 56.11 and a 52-week-low of 19.99. Penske Automotive Group closed at $55.20 at the end of the last trading period.
Seaport Global initiated coverage on Lithia Motors Inc LAD with a Buy rating. The price target for Lithia Motors is set to $305.00. Lithia Motors earned $3.72 in the second quarter, compared to $2.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of 288.56 and a 52-week-low of 55.74. Lithia Motors closed at $274.56 at the end of the last trading period.
With a current rating of Buy, Seaport Global initiated coverage on Group 1 Automotive Inc GPI. The price target seems to have been set at $165.00 for Group 1 Automotive. Group 1 Automotive earned $3.77 in the second quarter, compared to $2.83 in the year-ago quarter. The stock has a 52-week-high of 128.978 and a 52-week-low of 26.255. At the end of the last trading period, Group 1 Automotive closed at $125.81.
With a current rating of Buy, Seaport Global initiated coverage on CarMax Inc KMX. The price target seems to have been set at $113.00 for CarMax. For the second quarter, CarMax had an EPS of $1.79, compared to year-ago quarter EPS of $1.40. The current stock performance of CarMax shows a 52-week-high of 109.31 and a 52-week-low of 37.59. Moreover, at the end of the last trading period, the closing price was at $93.72.
With a current rating of Outperform, Baird initiated coverage on Corsair Gaming Inc CRSR. The price target seems to have been set at $23.00 for Corsair Gaming. The current stock performance of Corsair Gaming shows a 52-week-high of 22.5 and a 52-week-low of 14.09. Moreover, at the end of the last trading period, the closing price was at $19.20.
For AutoNation Inc AN, Seaport Global initiated coverage, by setting the current rating at Neutral. AutoNation earned $1.41 in the second quarter, compared to $1.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of 63.46 and a 52-week-low of 20.59. AutoNation closed at $62.26 at the end of the last trading period.
With a current rating of Outperform, Baird initiated coverage on Bentley Systems Inc BSY. The price target seems to have been set at $43.00 for Bentley Systems. At the moment, the stock has a 52-week-high of 40.3849 and a 52-week-low of 27.0. Bentley Systems closed at $39.99 at the end of the last trading period.