Benzinga's Top Upgrades, Downgrades For December 12, 2019

Upgrades

Citigroup changed the rating for Agree Realty Corp ADC from Neutral to Buy. For the third quarter, Agree Realty had an EPS of $0.77, compared to year-ago quarter EPS of $0.72. Agree Realty's market cap stands at $3.3 billion. The stock has a 52-week-high of $79.54 and a 52-week-low of $56.46. Agree Realty's stock last closed at $70.85 per share.
JP Morgan changed the rating for Akzo Nobel NV AKZOY from Underweight to Neutral. The current market cap for Akzo Nobel is at $19.1 billion. The stock has a 52-week-high of $37.12 and a 52-week-low of $27.37. Akzo Nobel's stock last closed at $32.75 per share.
JP Morgan upgraded the stock for Bausch Health Companies Inc BHC from Neutral to Overweight. For the third quarter, Bausch Health Companies had an EPS of $1.19, compared to year-ago quarter EPS of $1.15. The total market value of Bausch Health Companies's outstanding shares is at $8.7 billion. The stock has a 52-week-high of $29.49 and a 52-week-low of $17.20. Bausch Health Companies's stock last closed at $29.32 per share.
Citigroup upgraded the stock for Physicians Realty Trust DOC from Neutral to Buy. In the third quarter, Physicians Realty Trust showed an EPS of $0.27, compared to $0.28 from the year-ago quarter. Physicians Realty Trust's market cap stands at $3.4 billion. The stock has a 52-week-high of $19.34 and a 52-week-low of $15.18. Physicians Realty Trust's stock last closed at $18.64 per share.
UBS changed the rating for FedEx Corp FDX from Sell to Neutral. FedEx earned $3.05 in the first quarter, compared to $3.46 in the year-ago quarter. The current market cap for FedEx is at $39.8 billion. The stock has a 52-week-high of $199.32 and a 52-week-low of $137.78. FedEx's stock last closed at $159.10 per share.
UBS changed the rating for General Electric Co GE from Neutral to Buy. General Electric earned $0.15 in the third quarter, compared to $0.14 in the year-ago quarter. The total market value of General Electric's outstanding shares is at $87.1 billion. The stock has a 52-week-high of $11.84 and a 52-week-low of $6.40. General Electric's stock last closed at $10.96 per share.
Wells Fargo upgraded the stock for Globus Medical Inc GMED from Equal-Weight to Overweight. For the third quarter, Globus Medical had an EPS of $0.43, compared to year-ago quarter EPS of $0.39. Globus Medical's market cap stands at $5.2 billion. The stock has a 52-week-high of $57.61 and a 52-week-low of $38.01. Globus Medical's stock last closed at $56.88 per share.
Credit Suisse upgraded the stock for The Home Depot Inc HD from Neutral to Outperform. Home Depot earned $2.53 in the third quarter, compared to $2.51 in the year-ago quarter. Home Depot's market cap stands at $240.5 billion. The stock has a 52-week-high of $239.31 and a 52-week-low of $158.09. Home Depot's stock last closed at $212.02 per share.
Citigroup changed the rating for Healthcare Realty Trust Inc HR from Neutral to Buy. Healthcare Realty Trust earned $0.40 in the third quarter, compared to $0.39 in the year-ago quarter. Healthcare Realty Trust's market cap stands at $4.6 billion. The stock has a 52-week-high of $34.89 and a 52-week-low of $27.08. Healthcare Realty Trust's stock last closed at $32.88 per share.
Evercore ISI Group changed the rating for The Kroger Co KR from In-Line to Outperform. In the third quarter, Kroger showed an EPS of $0.47, compared to $0.48 from the year-ago quarter. The total market value of Kroger's outstanding shares is at $21.9 billion. The stock has a 52-week-high of $30.40 and a 52-week-low of $20.70. Kroger's stock last closed at $28.02 per share.
JP Morgan upgraded the stock for Model N Inc MODN from Neutral to Overweight. In the fourth quarter, Model N showed an EPS of $0.12, compared to $0.06 from the year-ago quarter. The current market cap for Model N is at $974.4 million. The stock has a 52-week-high of $32.00 and a 52-week-low of $12.98. Model N's stock last closed at $30.37 per share.
Citigroup changed the rating for Realty Income Corp O from Neutral to Buy. In the third quarter, Realty Income showed an EPS of $0.83, compared to $0.81 from the year-ago quarter. The current market cap for Realty Income is at $26.6 billion. The stock has a 52-week-high of $82.17 and a 52-week-low of $59.93. Realty Income's stock last closed at $74.54 per share.
Evercore ISI Group changed the rating for Oceaneering International Inc OII from In-Line to Outperform. Oceaneering International earned ($0.30) in the third quarter, compared to ($0.14) in the year-ago quarter. The current market cap for Oceaneering International is at $1.4 billion. The stock has a 52-week-high of $21.29 and a 52-week-low of $10.74. Oceaneering International's stock last closed at $13.48 per share.

Downgrades

JP Morgan changed the rating for Autodesk Inc ADSK from Neutral to Underweight. Autodesk earned $0.78 in the third quarter, compared to $0.29 in the year-ago quarter. Autodesk's market cap stands at $39.7 billion. The stock has a 52-week-high of $181.55 and a 52-week-low of $117.72. Autodesk's stock last closed at $179.64 per share.
Barclays downgraded the stock for Allegion PLC ALLE from Overweight to Equal-Weight. For the third quarter, Allegion had an EPS of $1.47, compared to year-ago quarter EPS of $1.23. The total market value of Allegion's outstanding shares is at $10.7 billion. The stock has a 52-week-high of $125.75 and a 52-week-low of $74.83. Allegion's stock last closed at $125.71 per share.
For Ansys Inc ANSS, JP Morgan downgraded the stock from Neutral to Underweight. In the third quarter, Ansys showed an EPS of $1.42, compared to $1.31 from the year-ago quarter. The total market value of Ansys's outstanding shares is at $21.7 billion. The stock has a 52-week-high of $258.52 and a 52-week-low of $136.80. Ansys's stock last closed at $251.63 per share.
UBS changed the rating for Apollo Global Management Inc APO from Buy to Neutral. In the third quarter, Apollo Global Management showed an EPS of $0.54, compared to $0.83 from the year-ago quarter. The total market value of Apollo Global Management's outstanding shares is at $17.6 billion. The stock has a 52-week-high of $45.28 and a 52-week-low of $22.63. Apollo Global Management's stock last closed at $44.95 per share.
Goldman Sachs changed the rating for Bright Scholar Education Holdings Ltd BEDU from Buy to Neutral. In the fourth quarter, Bright Scholar Education showed an EPS of ($0.04), compared to $0.02 from the year-ago quarter. Bright Scholar Education's market cap stands at $1.1 billion. The stock has a 52-week-high of $12.70 and a 52-week-low of $8.40. Bright Scholar Education's stock last closed at $9.61 per share.
UBS changed the rating for The Carlyle Group LP CG from Buy to Neutral. In the third quarter, Carlyle Group showed an EPS of $0.55, compared to $0.25 from the year-ago quarter. Carlyle Group's market cap stands at $9.4 billion. The stock has a 52-week-high of $30.30 and a 52-week-low of $15.09. Carlyle Group's stock last closed at $30.18 per share.
For FormFactor Inc FORM, Needham downgraded the stock from Buy to Hold. For the third quarter, FormFactor had an EPS of $0.22, compared to year-ago quarter EPS of $0.26. The current market cap for FormFactor is at $1.6 billion. The stock has a 52-week-high of $23.77 and a 52-week-low of $12.71. FormFactor's stock last closed at $23.75 per share.
For Glaukos Corp GKOS, Wells Fargo downgraded the stock from Overweight to Underweight. Glaukos earned ($0.10) in the third quarter, compared to ($0.19) in the year-ago quarter. The total market value of Glaukos's outstanding shares is at $2.3 billion. The stock has a 52-week-high of $84.65 and a 52-week-low of $50.60. Glaukos's stock last closed at $57.31 per share.
Gordon Haskett changed the rating for The Home Depot Inc HD from Buy to Accumulate. In the third quarter, Home Depot showed an EPS of $2.53, compared to $2.51 from the year-ago quarter. The current market cap for Home Depot is at $240.5 billion. The stock has a 52-week-high of $239.31 and a 52-week-low of $158.09. Home Depot's stock last closed at $212.02 per share.
For Miragen Therapeutics Inc MGEN, Baird downgraded the stock from Outperform to Neutral. For the third quarter, Miragen Therapeutics had an EPS of ($0.36), compared to year-ago quarter EPS of ($0.29). The current market cap for Miragen Therapeutics is at $20.4 million. The stock has a 52-week-high of $4.96 and a 52-week-low of $0.57. Miragen Therapeutics's stock last closed at $0.69 per share.
For Merit Medical Systems Inc MMSI, Wells Fargo downgraded the stock from Equal-Weight to Underweight. Merit Medical Systems earned $0.28 in the third quarter, compared to $0.47 in the year-ago quarter. The total market value of Merit Medical Systems's outstanding shares is at $1.1 billion. The stock has a 52-week-high of $63.64 and a 52-week-low of $19.50. Merit Medical Systems's stock last closed at $30.01 per share.
Wedbush changed the rating for Children's Place Inc PLCE from Outperform to Neutral. In the third quarter, Children's Place showed an EPS of $3.03, compared to $3.07 from the year-ago quarter. Children's Place's market cap stands at $1.2 billion. The stock has a 52-week-high of $116.84 and a 52-week-low of $53.80. Children's Place's stock last closed at $54.31 per share.
Bank of America changed the rating for Children's Place Inc PLCE from Neutral to Underperform. For the third quarter, Children's Place had an EPS of $3.03, compared to year-ago quarter EPS of $3.07. The total market value of Children's Place's outstanding shares is at $1.2 billion. The stock has a 52-week-high of $116.84 and a 52-week-low of $53.80. Children's Place's stock last closed at $54.31 per share.

Initiations

With a rating of Outperform, Oppenheimer initiated coverage on Amyris Inc AMRS. The price target is set at $8.00 for Amyris. For the third quarter, Amyris had an EPS of ($0.45), compared to year-ago quarter EPS of ($0.63). The total market value of Amyris's outstanding shares is at $346.1 million. The stock has a 52-week-high of $6.06 and a 52-week-low of $1.87. Amyris's stock last closed at $3.24 per share.
Stephens & Co. initiated coverage on Apergy Corp APY with an Overweight rating. The price target for Apergy is set at $34.00. For the third quarter, Apergy had an EPS of $0.27, compared to year-ago quarter EPS of $0.37. The current market cap for Apergy is at $1.9 billion. The stock has a 52-week-high of $43.40 and a 52-week-low of $23.62. Apergy's stock last closed at $27.99 per share.
Wedbush initiated coverage on Biohaven Pharmaceutical Holding Co Ltd BHVN with an Outperform rating. The price target for Biohaven Pharmaceutical is set at $75.00. Biohaven Pharmaceutical earned ($2.04) in the third quarter, compared to ($1.53) in the year-ago quarter. Biohaven Pharmaceutical's market cap stands at $2.3 billion. The stock has a 52-week-high of $67.86 and a 52-week-low of $29.17. Biohaven Pharmaceutical's stock last closed at $51.36 per share.
With a rating of Overweight, Stephens & Co. initiated coverage on Baker Hughes Co BKR. The price target is set at $28.00 for Baker Hughes. The total market value of Baker Hughes's outstanding shares is at $21.9 billion. The stock has a 52-week-high of $28.65 and a 52-week-low of $20.09. Baker Hughes's stock last closed at $22.68 per share.
Goldman Sachs initiated coverage on Bloomin Brands Inc BLMN with a Buy rating. The price target for Bloomin Brands is set at $25.00. Bloomin Brands earned $0.10 in the third quarter, compared to $0.10 in the year-ago quarter. The total market value of Bloomin Brands's outstanding shares is at $1.7 billion. The stock has a 52-week-high of $24.29 and a 52-week-low of $15.12. Bloomin Brands's stock last closed at $21.94 per share.
Goldman Sachs initiated coverage on Cheesecake Factory Inc CAKE with a Neutral rating. The price target for Cheesecake Factory is set at $41.00. For the third quarter, Cheesecake Factory had an EPS of $0.59, compared to year-ago quarter EPS of $0.62. The current market cap for Cheesecake Factory is at $1.8 billion. The stock has a 52-week-high of $51.15 and a 52-week-low of $35.83. Cheesecake Factory's stock last closed at $40.74 per share.
With a rating of Neutral, UBS initiated coverage on Cognex Corp CGNX. The price target is set at $52.00 for Cognex. In the third quarter, Cognex showed an EPS of $0.23, compared to $0.39 from the year-ago quarter. The current market cap for Cognex is at $8.7 billion. The stock has a 52-week-high of $57.31 and a 52-week-low of $34.88. Cognex's stock last closed at $52.45 per share.
PiperJaffray initiated coverage on The Chefs' Warehouse Inc CHEF with an Overweight rating. The price target for The Chefs' Warehouse is set at $41.00. The Chefs' Warehouse earned $0.23 in the third quarter, compared to $0.19 in the year-ago quarter. The Chefs' Warehouse's market cap stands at $1.0 billion. The stock has a 52-week-high of $42.06 and a 52-week-low of $29.56. The Chefs' Warehouse's stock last closed at $35.20 per share.
With a rating of Outperform, Raymond James initiated coverage on Capital Southwest Corp CSWC. The price target is set at $23.50 for Capital Southwest. In the second quarter, Capital Southwest showed an EPS of $0.38, compared to $0.34 from the year-ago quarter. Capital Southwest's market cap stands at $392.8 million. The stock has a 52-week-high of $22.90 and a 52-week-low of $17.22. Capital Southwest's stock last closed at $21.95 per share.
Goldman Sachs initiated coverage on Darden Restaurants Inc DRI with a Sell rating. The price target for Darden Restaurants is set at $115.00. In the first quarter, Darden Restaurants showed an EPS of $1.38, compared to $1.34 from the year-ago quarter. The current market cap for Darden Restaurants is at $13.7 billion. The stock has a 52-week-high of $128.41 and a 52-week-low of $95.83. Darden Restaurants's stock last closed at $117.47 per share.
With a rating of Buy, Goldman Sachs initiated coverage on Brinker International Inc EAT. The price target is set at $50.00 for Brinker International. Brinker International earned $0.41 in the first quarter, compared to $0.47 in the year-ago quarter. The total market value of Brinker International's outstanding shares is at $1.6 billion. The stock has a 52-week-high of $51.72 and a 52-week-low of $36.44. Brinker International's stock last closed at $41.07 per share.
With a rating of Neutral, UBS initiated coverage on Emerson Electric Co EMR. The price target is set at $78.00 for Emerson Electric. Emerson Electric earned $1.07 in the fourth quarter, compared to $0.89 in the year-ago quarter. The current market cap for Emerson Electric is at $44.9 billion. The stock has a 52-week-high of $75.77 and a 52-week-low of $55.38. Emerson Electric's stock last closed at $75.75 per share.
UBS initiated coverage on Eaton Corp PLC ETN with a Neutral rating. The price target for Eaton is set at $98.00. For the third quarter, Eaton had an EPS of $1.52, compared to year-ago quarter EPS of $1.43. The current market cap for Eaton is at $36.0 billion. The stock has a 52-week-high of $93.76 and a 52-week-low of $64.46. Eaton's stock last closed at $93.39 per share.
With a rating of Buy, Dougherty & Co. initiated coverage on Arcimoto Inc FUV. The price target is set at $3.50 for Arcimoto. In the third quarter, Arcimoto showed an EPS of ($0.22), compared to ($0.20) from the year-ago quarter. Arcimoto's market cap stands at $33.4 million. The stock has a 52-week-high of $7.35 and a 52-week-low of $1.53. Arcimoto's stock last closed at $1.54 per share.
Cantor Fitzgerald initiated coverage on Fiverr International Ltd FVRR with a Neutral rating. In the third quarter, Fiverr International earned ($0.12). The total market value of Fiverr International's outstanding shares is at $700.8 million. The stock has a 52-week-high of $44.25 and a 52-week-low of $17.11. Fiverr International's stock last closed at $21.65 per share.
DA Davidson initiated coverage on Home Bancorp Inc HBCP with a Neutral rating. The price target for Home Bancorp is set at $41.50. For the third quarter, Home Bancorp had an EPS of $0.75, compared to year-ago quarter EPS of $0.89. The total market value of Home Bancorp's outstanding shares is at $356.0 million. The stock has a 52-week-high of $40.80 and a 52-week-low of $32.59. Home Bancorp's stock last closed at $39.00 per share.
UBS initiated coverage on Honeywell International Inc HON with a Neutral rating. The price target for Honeywell International is set at $192.00. In the third quarter, Honeywell International showed an EPS of $2.08, compared to $2.03 from the year-ago quarter. The current market cap for Honeywell International is at $123.4 billion. The stock has a 52-week-high of $183.12 and a 52-week-low of $123.48. Honeywell International's stock last closed at $176.07 per share.
With a rating of Buy, Deutsche Bank initiated coverage on Hewlett Packard Enterprise Co HPE. The price target is set at $19.00 for Hewlett Packard. For the fourth quarter, Hewlett Packard had an EPS of $0.49, compared to year-ago quarter EPS of $0.45. The current market cap for Hewlett Packard is at $21.4 billion. The stock has a 52-week-high of $17.59 and a 52-week-low of $12.09. Hewlett Packard's stock last closed at $15.88 per share.
With a rating of Buy, Needham initiated coverage on HUYA Inc HUYA. The price target is set at $24.00 for HUYA. For the third quarter, HUYA had an EPS of $0.12, compared to year-ago quarter EPS of $0.08. The current market cap for HUYA is at $4.8 billion. The stock has a 52-week-high of $30.00 and a 52-week-low of $14.93. HUYA's stock last closed at $18.19 per share.
With a rating of Neutral, Susquehanna initiated coverage on II-VI Inc IIVI. The price target is set at $30.00 for II-VI. In the first quarter, II-VI showed an EPS of $0.57, compared to $0.56 from the year-ago quarter. The current market cap for II-VI is at $3.0 billion. The stock has a 52-week-high of $43.49 and a 52-week-low of $26.93. II-VI's stock last closed at $30.36 per share.
UBS initiated coverage on Ingersoll-Rand PLC IR with a Buy rating. The price target for Ingersoll-Rand is set at $150.00. In the third quarter, Ingersoll-Rand showed an EPS of $1.99, compared to $1.75 from the year-ago quarter. The total market value of Ingersoll-Rand's outstanding shares is at $30.4 billion. The stock has a 52-week-high of $134.61 and a 52-week-low of $85.15. Ingersoll-Rand's stock last closed at $133.01 per share.
With a rating of Sell, UBS initiated coverage on Johnson Controls International PLC JCI. The price target is set at $40.00 for Johnson Controls Intl. Johnson Controls Intl earned $0.78 in the fourth quarter, compared to $0.93 in the year-ago quarter. The current market cap for Johnson Controls Intl is at $33.4 billion. The stock has a 52-week-high of $44.82 and a 52-week-low of $28.30. Johnson Controls Intl's stock last closed at $42.71 per share.
With a rating of Outperform, William Blair initiated coverage on Karuna Therapeutics Inc KRTX. The price target is set at $105.00 for Karuna Therapeutics. Karuna Therapeutics earned ($0.39) in the third quarter. The total market value of Karuna Therapeutics's outstanding shares is at $325.9 million. The stock has a 52-week-high of $152.00 and a 52-week-low of $11.24. Karuna Therapeutics's stock last closed at $64.42 per share.
With a rating of Positive, Susquehanna initiated coverage on Lumentum Holdings Inc LITE. The price target is set at $90.00 for Lumentum Holdings. Lumentum Holdings earned $1.44 in the first quarter, compared to $1.31 in the year-ago quarter. Lumentum Holdings's market cap stands at $5.6 billion. The stock has a 52-week-high of $74.54 and a 52-week-low of $37.31. Lumentum Holdings's stock last closed at $69.81 per share.
Rosenblatt initiated coverage on Monolithic Power Systems Inc MPWR with a Buy rating. The price target for Monolithic Power Systems is set at $185.00. Monolithic Power Systems earned $1.08 in the third quarter, compared to $1.06 in the year-ago quarter. Monolithic Power Systems's market cap stands at $6.5 billion. The stock has a 52-week-high of $169.25 and a 52-week-low of $106.50. Monolithic Power Systems's stock last closed at $169.05 per share.
DA Davidson initiated coverage on Origin Bancorp Inc OBNK with a Buy rating. In the third quarter, Origin Bancorp showed an EPS of $0.62, compared to $0.52 from the year-ago quarter. The current market cap for Origin Bancorp is at $826.3 million. The stock has a 52-week-high of $37.60 and a 52-week-low of $30.43. Origin Bancorp's stock last closed at $36.45 per share.
With a rating of Overweight, Stephens & Co. initiated coverage on Opus Bank OPB. The price target is set at $30.00 for Opus Bank. For the third quarter, Opus Bank had an EPS of $0.58, compared to year-ago quarter EPS of $0.20. The total market value of Opus Bank's outstanding shares is at $898.6 million. The stock has a 52-week-high of $26.26 and a 52-week-low of $17.79. Opus Bank's stock last closed at $25.38 per share.