Benzinga's Top Upgrades, Downgrades For March 12, 2020

Upgrades

For Skyworks Solutions Inc SWKS, Argus Research upgraded the stock from Hold to Buy. Skyworks Solutions earned $1.68 in the first quarter, compared to $1.83 in the year-ago quarter. The stock has a 52-week-high of $128.48 and a 52-week-low of $66.29. Skyworks Solutions's stock last closed at $89.84 per share.
Argus Research changed the rating for Snap Inc SNAP from Hold to Buy. For the fourth quarter, Snap had an EPS of $0.03, compared to year-ago quarter EPS of ($0.04). The stock has a 52-week-high of $19.75 and a 52-week-low of $9.43. Snap's stock last closed at $10.80 per share.
For Shell Midstream Partners LP SHLX, Credit Suisse upgraded the stock from Underperform to Neutral. Shell Midstream Partners earned $0.37 in the fourth quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $22.70 and a 52-week-low of $10.00. Shell Midstream Partners's stock last closed at $12.18 per share.
Credit Suisse changed the rating for Cheniere Energy Partners LP CQP from Underperform to Neutral. For the fourth quarter, Cheniere Energy Partners had an EPS of $0.87, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $49.30 and a 52-week-low of $24.12. Cheniere Energy Partners's stock last closed at $28.63 per share.
Credit Suisse upgraded the stock for ONEOK Inc OKE from Neutral to Outperform. In the fourth quarter, ONEOK showed an EPS of $0.77, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $78.48 and a 52-week-low of $30.46. ONEOK's stock last closed at $35.94 per share.
Needham upgraded the stock for Semtech Corp SMTC from Hold to Buy. Semtech earned $0.40 in the fourth quarter, compared to $0.55 in the year-ago quarter. The stock has a 52-week-high of $56.13 and a 52-week-low of $32.81. Semtech's stock last closed at $33.78 per share.
Cowen & Co. upgraded the stock for AMETEK Inc AME from Market Perform to Outperform. For the fourth quarter, AMETEK had an EPS of $1.08, compared to year-ago quarter EPS of $0.86. The stock has a 52-week-high of $102.31 and a 52-week-low of $74.73. AMETEK's stock last closed at $77.20 per share.
Morgan Stanley changed the rating for Tencent Music Entertainment Group TME from Equal-Weight to Overweight. In the third quarter, Tencent Music earned $0.10. The stock has a 52-week-high of $19.97 and a 52-week-low of $11.27. Tencent Music's stock last closed at $11.76 per share.
For Williams Companies Inc WMB, Bernstein upgraded the stock from Market Perform to Outperform. Williams Companies earned $0.24 in the fourth quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $29.55 and a 52-week-low of $13.17. Williams Companies's stock last closed at $16.03 per share.
For KB Home KBH, B of A Securities upgraded the stock from Neutral to Buy. For the fourth quarter, KB Home had an EPS of $1.31, compared to year-ago quarter EPS of $0.96. The stock has a 52-week-high of $40.51 and a 52-week-low of $21.69. KB Home's stock last closed at $26.73 per share.
RBC Capital upgraded the stock for LendingTree Inc TREE from Sector Perform to Outperform. In the fourth quarter, LendingTree showed an EPS of $1.12, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $434.94 and a 52-week-low of $247.08. LendingTree's stock last closed at $249.77 per share.
Raymond James changed the rating for Kinder Morgan Inc KMI from Market Perform to Outperform. Kinder Morgan earned $0.26 in the fourth quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $22.58 and a 52-week-low of $14.95. Kinder Morgan's stock last closed at $15.51 per share.
For Jazz Pharmaceuticals PLC JAZZ, Bernstein upgraded the stock from Market Perform to Outperform. For the fourth quarter, Jazz Pharmaceuticals had an EPS of $4.42, compared to year-ago quarter EPS of $3.64. The stock has a 52-week-high of $154.24 and a 52-week-low of $106.22. Jazz Pharmaceuticals's stock last closed at $108.04 per share.
SunTrust Robinson Humphrey upgraded the stock for Focus Financial Partners Inc FOCS from Hold to Buy. For the fourth quarter, Focus Financial Partners had an EPS of $0.75, compared to year-ago quarter EPS of $0.51. The stock has a 52-week-high of $39.37 and a 52-week-low of $19.05. Focus Financial Partners's stock last closed at $21.59 per share.
For Valero Energy Corp VLO, Piper Sandler upgraded the stock from Neutral to Overweight. In the fourth quarter, Valero Energy showed an EPS of $2.13, compared to $2.12 from the year-ago quarter. The stock has a 52-week-high of $101.99 and a 52-week-low of $53.53. Valero Energy's stock last closed at $54.41 per share.
RBC Capital changed the rating for Anheuser-Busch InBev SA/NV BUD from Sector Perform to Outperform. In the fourth quarter, Anheuser-Busch InBev showed an EPS of $0.87, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $102.70 and a 52-week-low of $47.87. Anheuser-Busch InBev's stock last closed at $49.23 per share.
For Akamai Technologies Inc AKAM, Baird upgraded the stock from Neutral to Outperform. In the fourth quarter, Akamai Technologies showed an EPS of $1.23, compared to $1.07 from the year-ago quarter. The stock has a 52-week-high of $103.34 and a 52-week-low of $67.28. Akamai Technologies's stock last closed at $87.02 per share.
For Liberty Latin America Ltd LILA, HSBC upgraded the stock from Hold to Buy. In the fourth quarter, Liberty Latin America showed an EPS of $0.23, compared to ($1.34) from the year-ago quarter. The stock has a 52-week-high of $21.89 and a 52-week-low of $11.74. Liberty Latin America's stock last closed at $11.87 per share.
For Total SA TOT, Citigroup upgraded the stock from Neutral to Buy. For the fourth quarter, Total had an EPS of $1.19, compared to year-ago quarter EPS of $1.17. The stock has a 52-week-high of $58.82 and a 52-week-low of $34.06. Total's stock last closed at $34.52 per share.
Atlantic Equities changed the rating for Fox Corp FOXA from Underweight to Neutral. Fox earned $0.10 in the second quarter, compared to $0.37 in the year-ago quarter. The stock has a 52-week-high of $52.05 and a 52-week-low of $25.04. Fox's stock last closed at $27.78 per share.
JP Morgan changed the rating for Mirati Therapeutics Inc MRTX from Underweight to Neutral. Mirati Therapeutics earned ($1.83) in the fourth quarter, compared to ($0.87) in the year-ago quarter. The stock has a 52-week-high of $132.59 and a 52-week-low of $55.11. Mirati Therapeutics's stock last closed at $77.37 per share.
Citigroup changed the rating for Vanda Pharmaceuticals Inc VNDA from Neutral to Buy. For the fourth quarter, Vanda Pharmaceuticals had an EPS of $0.08, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $19.26 and a 52-week-low of $9.84. Vanda Pharmaceuticals's stock last closed at $10.60 per share.

Downgrades

For American Express Co AXP, B of A Securities downgraded the stock from Buy to Neutral. For the fourth quarter, American Express had an EPS of $2.03, compared to year-ago quarter EPS of $1.74. The stock has a 52-week-high of $138.13 and a 52-week-low of $93.87. American Express's stock last closed at $95.38 per share.
BMO Capital changed the rating for Hilton Worldwide Holdings Inc HLT from Outperform to Market Perform. For the fourth quarter, Hilton Worldwide Holdings had an EPS of $1.00, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $115.48 and a 52-week-low of $79.17. Hilton Worldwide Holdings's stock last closed at $81.08 per share.
For Focus Financial Partners Inc FOCS, B of A Securities downgraded the stock from Neutral to Underperform. Focus Financial Partners earned $0.75 in the fourth quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $39.37 and a 52-week-low of $19.05. Focus Financial Partners's stock last closed at $21.59 per share.
B of A Securities downgraded the stock for Foundation Building Materials Inc FBM from Buy to Underperform. For the fourth quarter, Foundation Building had an EPS of $0.26, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $22.14 and a 52-week-low of $9.21. Foundation Building's stock last closed at $14.51 per share.
B of A Securities downgraded the stock for NVR Inc NVR from Buy to Neutral. In the fourth quarter, NVR showed an EPS of $64.41, compared to $58.57 from the year-ago quarter. The stock has a 52-week-high of $4071.13 and a 52-week-low of $2687.68. NVR's stock last closed at $3403.73 per share.
Credit Suisse changed the rating for Tellurian Inc TELL from Outperform to Neutral. For the fourth quarter, Tellurian had an EPS of ($0.17), compared to year-ago quarter EPS of ($0.14). The stock has a 52-week-high of $11.80 and a 52-week-low of $0.85. Tellurian's stock last closed at $0.92 per share.
B of A Securities changed the rating for Alamos Gold Inc AGI from Neutral to Underperform. Alamos Gold earned $0.08 in the fourth quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $7.78 and a 52-week-low of $4.17. Alamos Gold's stock last closed at $5.47 per share.
Argus Research changed the rating for MGM Resorts International MGM from Buy to Hold. In the fourth quarter, MGM Resorts Intl earned $0.08. The stock has a 52-week-high of $34.63 and a 52-week-low of $17.53. MGM Resorts Intl's stock last closed at $18.08 per share.
For Tellurian Inc TELL, Raymond James downgraded the stock from Outperform to Market Perform. For the fourth quarter, Tellurian had an EPS of ($0.17), compared to year-ago quarter EPS of ($0.14). The stock has a 52-week-high of $11.80 and a 52-week-low of $0.85. Tellurian's stock last closed at $0.92 per share.
Raymond James changed the rating for Targa Resources Corp TRGP from Strong Buy to Outperform. Targa Resources earned ($0.11) in the fourth quarter, compared to $0.32 in the year-ago quarter. The stock has a 52-week-high of $43.47 and a 52-week-low of $11.18. Targa Resources's stock last closed at $14.42 per share.
Raymond James changed the rating for Rattler Midstream LP RTLR from Outperform to Market Perform. In the fourth quarter, Rattler Midstream earned $0.27. The stock has a 52-week-high of $20.24 and a 52-week-low of $5.53. Rattler Midstream's stock last closed at $5.68 per share.
Raymond James downgraded the stock for Plains GP Holdings LP PAGP from Strong Buy to Outperform. In the fourth quarter, Plains GP Holdings showed an EPS of $0.26, compared to $1.12 from the year-ago quarter. The stock has a 52-week-high of $25.82 and a 52-week-low of $7.22. Plains GP Holdings's stock last closed at $8.66 per share.
Raymond James downgraded the stock for Plains All American Pipeline LP PAA from Strong Buy to Outperform. In the fourth quarter, Plains All American showed an EPS of $0.63, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $25.27 and a 52-week-low of $6.85. Plains All American's stock last closed at $8.60 per share.
For PBF Logistics LP PBFX, Raymond James downgraded the stock from Outperform to Market Perform. PBF Logistics earned $0.52 in the fourth quarter, compared to $0.48 in the year-ago quarter. The stock has a 52-week-high of $22.00 and a 52-week-low of $9.61. PBF Logistics's stock last closed at $11.00 per share.
For NGL Energy Partners LP NGL, Raymond James downgraded the stock from Outperform to Market Perform. For the third quarter, NGL Energy Partners had an EPS of $0.22, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $15.71 and a 52-week-low of $2.72. NGL Energy Partners's stock last closed at $3.60 per share.
Raymond James downgraded the stock for MPLX LP MPLX from Outperform to Market Perform. In the fourth quarter, MPLX showed an EPS of $0.58, compared to $0.62 from the year-ago quarter. The stock has a 52-week-high of $34.59 and a 52-week-low of $12.52. MPLX's stock last closed at $15.41 per share.
Raymond James changed the rating for EnLink Midstream LLC ENLC from Outperform to Market Perform. EnLink Midstream earned $0.02 in the fourth quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $13.10 and a 52-week-low of $1.80. EnLink Midstream's stock last closed at $1.97 per share.
Raymond James changed the rating for Delek Logistics Partners LP DKL from Outperform to Market Perform. For the fourth quarter, Delek Logistics Partners had an EPS of $0.52, compared to year-ago quarter EPS of $0.58. The stock has a 52-week-high of $34.12 and a 52-week-low of $10.59. Delek Logistics Partners's stock last closed at $11.02 per share.
Raymond James changed the rating for DCP Midstream LP DCP from Outperform to Market Perform. In the fourth quarter, DCP Midstream showed an EPS of $0.29, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $34.15 and a 52-week-low of $5.80. DCP Midstream's stock last closed at $6.94 per share.
For Crestwood Equity Partners LP CEQP, Raymond James downgraded the stock from Strong Buy to Outperform. In the fourth quarter, Crestwood Equity Partners showed an EPS of $0.28, compared to $0.57 from the year-ago quarter. The stock has a 52-week-high of $40.00 and a 52-week-low of $6.65. Crestwood Equity Partners's stock last closed at $8.55 per share.
B of A Securities downgraded the stock for Toll Brothers Inc TOL from Neutral to Underperform. Toll Brothers earned $0.41 in the first quarter, compared to $0.76 in the year-ago quarter. The stock has a 52-week-high of $49.31 and a 52-week-low of $30.42. Toll Brothers's stock last closed at $30.66 per share.
BMO Capital downgraded the stock for Investors Real Estate Trust IRET from Outperform to Market Perform. Investors Real Estate earned $0.96 in the third quarter, compared to $0.92 in the year-ago quarter. The stock has a 52-week-high of $85.24 and a 52-week-low of $55.99. Investors Real Estate's stock last closed at $71.05 per share.
BMO Capital changed the rating for Host Hotels & Resorts Inc HST from Outperform to Market Perform. Host Hotels & Resorts earned $0.33 in the fourth quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $19.99 and a 52-week-low of $11.44. Host Hotels & Resorts's stock last closed at $11.55 per share.
BMO Capital changed the rating for Empire State Realty Trust Inc ESRT from Market Perform to Underperform. In the fourth quarter, Empire State Realty Trust showed an EPS of $0.25, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $16.23 and a 52-week-low of $10.35. Empire State Realty Trust's stock last closed at $10.67 per share.
For Hilton Worldwide Holdings Inc HLT, Raymond James downgraded the stock from Outperform to Market Perform. For the fourth quarter, Hilton Worldwide Holdings had an EPS of $1.00, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $115.48 and a 52-week-low of $79.17. Hilton Worldwide Holdings's stock last closed at $81.08 per share.
For WEC Energy Group Inc WEC, Barclays downgraded the stock from Equal-Weight to Underweight. In the fourth quarter, WEC Energy Gr showed an EPS of $0.77, compared to $0.65 from the year-ago quarter. The stock has a 52-week-high of $105.64 and a 52-week-low of $75.88. WEC Energy Gr's stock last closed at $97.47 per share.
Barclays downgraded the stock for NiSource Inc NI from Overweight to Equal-Weight. For the fourth quarter, NiSource had an EPS of $0.45, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $30.67 and a 52-week-low of $25.94. NiSource's stock last closed at $27.10 per share.

Initiations

With a rating of Buy, HSBC initiated coverage on Youdao Inc DAO. The price target is set at $28.00 for Youdao. In the fourth quarter, Youdao earned ($0.28). The stock has a 52-week-high of $29.50 and a 52-week-low of $12.01. Youdao's stock last closed at $21.02 per share.
Benchmark initiated coverage on Sonic Automotive Inc SAH with a Buy rating. The price target for Sonic Automotive is set at $35.00. Sonic Automotive earned $0.97 in the fourth quarter, compared to $0.76 in the year-ago quarter. The stock has a 52-week-high of $35.41 and a 52-week-low of $13.70. Sonic Automotive's stock last closed at $21.42 per share.
Canaccord Genuity initiated coverage on Neoleukin Therapeutics Inc NLTX with a Buy rating. The price target for Neoleukin Therapeutics is set at $20.00. In the fourth quarter, Neoleukin Therapeutics showed an EPS of \ No EPS Value , compared to ($0.20) from the year-ago quarter. The stock has a 52-week-high of $13.71 and a 52-week-low of $2.53. Neoleukin Therapeutics's stock last closed at $7.96 per share.