Benzinga's Top Upgrades, Downgrades For August 4, 2020

Upgrades

• UBS upgraded the previous rating for Seagate Technology PLC STX from Sell to Neutral. Seagate Technology earned $1.20 in the fourth quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.17 and a 52-week-low of $39.02. Seagate Technology closed at $44.76 at the end of the last trading period.
• B of A Securities upgraded the previous rating for LyondellBasell Industries NV LYB from Underperform to Neutral. For the second quarter, LyondellBasell Industries had an EPS of $0.68, compared to year-ago quarter EPS of $2.70. The stock has a 52-week-high of $98.91 and a 52-week-low of $33.71. At the end of the last trading period, LyondellBasell Industries closed at $62.14.
• According to Susquehanna, the prior rating for Zillow Group Inc ZG was changed from Negative to Neutral. In the first quarter, Zillow Gr showed an EPS of ($0.25), compared to ($0.02) from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.86 and a 52-week-low of $18.65. Zillow Gr closed at $67.76 at the end of the last trading period.
• Deutsche Bank upgraded the previous rating for McKesson Corp MCK from Hold to Buy. McKesson earned $2.77 in the first quarter, compared to $3.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $172.18 and a 52-week-low of $112.60. McKesson closed at $159.90 at the end of the last trading period.
• Deutsche Bank upgraded the previous rating for Reliance Steel & Aluminum Co RS from Hold to Buy. Reliance Steel & Aluminum earned $1.36 in the second quarter, compared to $2.71 in the year-ago quarter. The stock has a 52-week-high of $122.17 and a 52-week-low of $70.57. At the end of the last trading period, Reliance Steel & Aluminum closed at $101.08.
• According to Goldman Sachs, the prior rating for Landstar System Inc LSTR was changed from Sell to Neutral. Landstar System earned $0.68 in the second quarter, compared to $1.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $126.13 and a 52-week-low of $85.30. Landstar System closed at $122.53 at the end of the last trading period.
• According to KeyBanc, the prior rating for Public Service Enterprise Group Inc PEG was changed from Sector Weight to Overweight. For the second quarter, Public Service Enterprise had an EPS of $0.79, compared to year-ago quarter EPS of $0.58. The current stock performance of Public Service Enterprise shows a 52-week-high of $63.88 and a 52-week-low of $34.75. Moreover, at the end of the last trading period, the closing price was at $54.49.

Downgrades

• According to B of A Securities, the prior rating for Take-Two Interactive Software Inc TTWO was changed from Neutral to Underperform. Take-Two Interactive earned $2.30 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $169.19 and a 52-week-low of $100.00. At the end of the last trading period, Take-Two Interactive closed at $167.69.
• Argus Research downgraded the previous rating for Sonoco Products Co SON from Buy to Hold. For the second quarter, Sonoco Products had an EPS of $0.79, compared to year-ago quarter EPS of $0.95. The stock has a 52-week-high of $62.77 and a 52-week-low of $37.30. At the end of the last trading period, Sonoco Products closed at $52.27.
• For Freeport-McMoRan Inc FCX, Morgan Stanley downgraded the previous rating of Overweight to the current rating Equal-Weight. For the second quarter, Freeport-McMoRan had an EPS of $0.03, compared to year-ago quarter EPS of ($0.04). At the moment, the stock has a 52-week-high of $13.87 and a 52-week-low of $4.82. Freeport-McMoRan closed at $13.09 at the end of the last trading period.
• RBC Capital downgraded the previous rating for Hexcel Corp HXL from Outperform to Sector Perform. Hexcel earned $0.08 in the second quarter, compared to $0.94 in the year-ago quarter. The stock has a 52-week-high of $87.00 and a 52-week-low of $24.54. At the end of the last trading period, Hexcel closed at $37.51.
• JP Morgan downgraded the previous rating for Neurocrine Biosciences Inc NBIX from Overweight to Neutral. For the second quarter, Neurocrine Biosciences had an EPS of $1.42, compared to year-ago quarter EPS of $0.71. The current stock performance of Neurocrine Biosciences shows a 52-week-high of $136.26 and a 52-week-low of $72.14. Moreover, at the end of the last trading period, the closing price was at $123.01.
• For Noble Energy Inc NBL, Stifel downgraded the previous rating of Buy to the current rating Hold. In the second quarter, Noble Energy showed an EPS of ($0.24), compared to ($0.10) from the year-ago quarter. The stock has a 52-week-high of $27.31 and a 52-week-low of $2.73. At the end of the last trading period, Noble Energy closed at $9.97.
• According to Goldman Sachs, the prior rating for The Container Store Group Inc TCS was changed from Neutral to Sell. In the first quarter, Container Store Group showed an EPS of ($0.32), compared to ($0.08) from the year-ago quarter. The stock has a 52-week-high of $5.63 and a 52-week-low of $1.80. At the end of the last trading period, Container Store Group closed at $3.50.
• According to Argus Research, the prior rating for ONEOK Inc OKE was changed from Buy to Hold. For the second quarter, ONEOK had an EPS of $0.32, compared to year-ago quarter EPS of $0.75. The stock has a 52-week-high of $78.48 and a 52-week-low of $12.16. At the end of the last trading period, ONEOK closed at $28.12.
• For General Dynamics Corp GD, Argus Research downgraded the previous rating of Buy to the current rating Hold. For the second quarter, General Dynamics had an EPS of $2.18, compared to year-ago quarter EPS of $2.77. The current stock performance of General Dynamics shows a 52-week-high of $193.76 and a 52-week-low of $100.55. Moreover, at the end of the last trading period, the closing price was at $147.72.

Initiations

• Stifel initiated coverage on Inventiva SA IVA with a Buy rating. The price target for Inventiva is set to $18.00. At the moment, the stock has a 52-week-high of $11.00 and a 52-week-low of $9.46. Inventiva closed at $10.24 at the end of the last trading period.
• B of A Securities initiated coverage on Poseida Therapeutics Inc PSTX with a Buy rating. The price target for Poseida Therapeutics is set to $20.00. The current stock performance of Poseida Therapeutics shows a 52-week-high of $15.79 and a 52-week-low of $11.77. Moreover, at the end of the last trading period, the closing price was at $13.41.
• With a current rating of Buy, Roth Capital initiated coverage on Quhuo Ltd QH. The price target seems to have been set at $18.00 for Quhuo. The current stock performance of Quhuo shows a 52-week-high of $9.58 and a 52-week-low of $7.69. Moreover, at the end of the last trading period, the closing price was at $8.73.
• HC Wainwright & Co. initiated coverage on Lumos Pharma Inc LUMO with a Buy rating. The price target for Lumos Pharma is set to $33.00. The current stock performance of Lumos Pharma shows a 52-week-high of $17.50 and a 52-week-low of $6.74. Moreover, at the end of the last trading period, the closing price was at $13.80.
• Mizuho initiated coverage on Nkarta Inc NKTX with a Buy rating. The price target for Nkarta is set to $34.00. At the moment, the stock has a 52-week-high of $29.30 and a 52-week-low of $25.50. Nkarta closed at $26.58 at the end of the last trading period.
• Piper Sandler initiated coverage on Poseida Therapeutics Inc PSTX with an Overweight rating. The price target for Poseida Therapeutics is set to $30.00. At the moment, the stock has a 52-week-high of $15.79 and a 52-week-low of $11.77. Poseida Therapeutics closed at $13.41 at the end of the last trading period.
• With a current rating of Buy, Craig-Hallum initiated coverage on Purple Innovation Inc PRPL. The price target seems to have been set at $30.00 for Purple Innovation. For the first quarter, Purple Innovation had an EPS of $0.11, compared to year-ago quarter EPS of ($0.02). The stock has a 52-week-high of $26.18 and a 52-week-low of $4.42. At the end of the last trading period, Purple Innovation closed at $26.16.