Benzinga's Top Upgrades, Downgrades For August 17, 2020

Upgrades

For FormFactor Inc FORM, Needham upgraded the previous rating of Hold to the current rating Buy. For the second quarter, FormFactor had an EPS of $0.33, compared to year-ago quarter EPS of $0.21. The current stock performance of FormFactor shows a 52-week-high of $33.07 and a 52-week-low of $16.25. Moreover, at the end of the last trading period, the closing price was at $28.53.
B of A Securities upgraded the previous rating for Brinker International Inc EAT from Underperform to Neutral. In the fourth quarter, Brinker International showed an EPS of $0.88, compared to $1.36 from the year-ago quarter. The current stock performance of Brinker International shows a 52-week-high of $47.57 and a 52-week-low of $7.00. Moreover, at the end of the last trading period, the closing price was at $37.01.
For Burlington Stores Inc BURL, Telsey Advisory Group upgraded the previous rating of Market Perform to the current rating Outperform. For the first quarter, Burlington Stores had an EPS of $4.76, compared to year-ago quarter EPS of $1.26. At the moment, the stock has a 52-week-high of $250.89 and a 52-week-low of $105.67. Burlington Stores closed at $193.76 at the end of the last trading period.
According to MoffettNathanson, the prior rating for Cogent Communications Holdings Inc CCOI was changed from Sell to Neutral. Cogent Comms Hldgs earned $0.18 in the second quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Cogent Comms Hldgs shows a 52-week-high of $92.96 and a 52-week-low of $53.24. Moreover, at the end of the last trading period, the closing price was at $67.90.
For Ross Stores Inc ROST, Telsey Advisory Group upgraded the previous rating of Market Perform to the current rating Outperform. For the first quarter, Ross Stores had an EPS of $0.29, compared to year-ago quarter EPS of $1.15. At the moment, the stock has a 52-week-high of $124.16 and a 52-week-low of $56.30. Ross Stores closed at $94.06 at the end of the last trading period.
Citigroup upgraded the previous rating for J2 Global Inc JCOM from Neutral to Buy. For the second quarter, J2 Global had an EPS of $1.71, compared to year-ago quarter EPS of $1.60. The current stock performance of J2 Global shows a 52-week-high of $104.57 and a 52-week-low of $53.24. Moreover, at the end of the last trading period, the closing price was at $70.20.
For Magic Software Enterprises Ltd MGIC, HC Wainwright & Co. upgraded the previous rating of Neutral to the current rating Buy. For the second quarter, Magic Software had an EPS of $0.17, compared to year-ago quarter EPS of $0.14. The current stock performance of Magic Software shows a 52-week-high of $14.78 and a 52-week-low of $6.31. Moreover, at the end of the last trading period, the closing price was at $14.68.
According to Piper Sandler, the prior rating for BP PLC BP was changed from Neutral to Overweight. In the second quarter, BP showed an EPS of $1.98, compared to $0.83 from the year-ago quarter. The current stock performance of BP shows a 52-week-high of $40.08 and a 52-week-low of $15.51. Moreover, at the end of the last trading period, the closing price was at $22.99.
According to Stifel, the prior rating for Infinera Corp INFN was changed from Hold to Buy. For the second quarter, Infinera had an EPS of $0.09, compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $9.25 and a 52-week-low of $3.68. At the end of the last trading period, Infinera closed at $7.99.
Baird upgraded the previous rating for Union Pacific Corp UNP from Neutral to Outperform. In the second quarter, Union Pacific showed an EPS of $1.67, compared to $2.22 from the year-ago quarter. The current stock performance of Union Pacific shows a 52-week-high of $193.89 and a 52-week-low of $105.08. Moreover, at the end of the last trading period, the closing price was at $191.85.
According to Credit Suisse, the prior rating for Teladoc Health Inc TDOC was changed from Neutral to Outperform. For the second quarter, Teladoc Health had an EPS of $0.34, compared to year-ago quarter EPS of $0.41. The current stock performance of Teladoc Health shows a 52-week-high of $253.00 and a 52-week-low of $54.58. Moreover, at the end of the last trading period, the closing price was at $187.42.

Downgrades

HC Wainwright & Co. downgraded the previous rating for Principia Biopharma Inc PRNB from Buy to Neutral. For the second quarter, Principia Biopharma had an EPS of $0.31, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $95.15 and a 52-week-low of $25.35. Principia Biopharma closed at $90.74 at the end of the last trading period.
For CNX Resources Corp CNX, MKM Partners downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, CNX Resources showed an EPS of $0.13, compared to $0.30 from the year-ago quarter. The current stock performance of CNX Resources shows a 52-week-high of $14.19 and a 52-week-low of $4.26. Moreover, at the end of the last trading period, the closing price was at $12.01.
For YETI Holdings Inc YETI, Berenberg downgraded the previous rating of Buy to the current rating Hold. YETI Holdings earned $0.41 in the second quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of $55.04 and a 52-week-low of $15.28. At the end of the last trading period, YETI Holdings closed at $49.37.
According to Baird, the prior rating for C.H. Robinson Worldwide Inc CHRW was changed from Outperform to Neutral. For the second quarter, C.H. Robinson Worldwide had an EPS of $1.06, compared to year-ago quarter EPS of $1.22. The stock has a 52-week-high of $99.22 and a 52-week-low of $56.94. At the end of the last trading period, C.H. Robinson Worldwide closed at $95.08.
According to Wells Fargo, the prior rating for Sempra Energy SRE was changed from Overweight to Equal-Weight. In the second quarter, Sempra Energy showed an EPS of $1.65, compared to $1.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $161.87 and a 52-week-low of $88.00. Sempra Energy closed at $131.83 at the end of the last trading period.
For Chevron Corp CVX, Piper Sandler downgraded the previous rating of Overweight to the current rating Neutral. Chevron earned $1.59 in the second quarter, compared to $1.89 in the year-ago quarter. The current stock performance of Chevron shows a 52-week-high of $125.27 and a 52-week-low of $51.60. Moreover, at the end of the last trading period, the closing price was at $90.35.

Initiations

With a current rating of Buy, Goldman Sachs initiated coverage on Jamf Holding Corp JAMF. The price target seems to have been set at $44.00 for Jamf Holding. The stock has a 52-week-high of $42.87 and a 52-week-low of $23.15. At the end of the last trading period, Jamf Holding closed at $35.78.
Stifel initiated coverage on Montrose Environmental Group Inc MEG with a Buy rating. The price target for Montrose Environmental Gr is set to $30.00. The stock has a 52-week-high of $26.00 and a 52-week-low of $20.00. At the end of the last trading period, Montrose Environmental Gr closed at $25.91.
Piper Sandler initiated coverage on Overstock.com Inc OSTK with an Overweight rating. The price target for Overstock.com is set to $140.00. In the second quarter, Overstock.com showed an EPS of $0.72, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $112.62 and a 52-week-low of $2.53. At the end of the last trading period, Overstock.com closed at $93.36.
Piper Sandler initiated coverage on Jamf Holding Corp JAMF with an Overweight rating. The current stock performance of Jamf Holding shows a 52-week-high of $42.87 and a 52-week-low of $23.15. Moreover, at the end of the last trading period, the closing price was at $35.78.