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

Upgrades

• Morgan Stanley upgraded the previous rating for Levi Strauss & Co LEVI from Equal-Weight to Overweight. Levi Strauss earned $0.08 in the third quarter, compared to $0.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of 20.705 and a 52-week-low of 9.09. Levi Strauss closed at $15.21 at the end of the last trading period.
• Jefferies upgraded the previous rating for Schrodinger Inc SDGR from Hold to Buy. In the second quarter, Schrodinger earned $0.05. At the moment, the stock has a 52-week-high of 99.5 and a 52-week-low of 26.06. Schrodinger closed at $56.72 at the end of the last trading period.
• For Helios Technologies Inc HLIO, Baird upgraded the previous rating of Neutral to the current rating Outperform. For the second quarter, Helios Technologies had an EPS of $0.55, compared to year-ago quarter EPS of $0.65. The stock has a 52-week-high of 49.49 and a 52-week-low of 29.0268. At the end of the last trading period, Helios Technologies closed at $39.88.
• Baird upgraded the previous rating for Beacon Roofing Supply Inc BECN from Neutral to Outperform. In the third quarter, Beacon Roofing Supply showed an EPS of $1.01, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of 36.78 and a 52-week-low of 11.665. At the end of the last trading period, Beacon Roofing Supply closed at $35.85.
• According to Raymond James, the prior rating for Carrols Restaurant Group Inc TAST was changed from Market Perform to Outperform. For the second quarter, Carrols Restaurant Group had an EPS of $0.16, compared to year-ago quarter EPS of $0.07. The current stock performance of Carrols Restaurant Group shows a 52-week-high of 8.47 and a 52-week-low of 0.9801. Moreover, at the end of the last trading period, the closing price was at $6.85.
• According to BMO Capital, the prior rating for Greif Inc GEF was changed from Market Perform to Outperform. For the third quarter, Greif had an EPS of $0.85, compared to year-ago quarter EPS of $1.26. At the moment, the stock has a 52-week-high of 50.37 and a 52-week-low of 23.65. Greif closed at $40.90 at the end of the last trading period.
• According to BMO Capital, the prior rating for International Paper Co IP was changed from Market Perform to Outperform. In the second quarter, International Paper showed an EPS of $0.77, compared to $1.15 from the year-ago quarter. The current stock performance of International Paper shows a 52-week-high of 47.64 and a 52-week-low of 26.38. Moreover, at the end of the last trading period, the closing price was at $42.68.
• BMO Capital upgraded the previous rating for Packaging Corp of America PKG from Market Perform to Outperform. Packaging Corp of America earned $1.38 in the second quarter, compared to $2.04 in the year-ago quarter. The stock has a 52-week-high of 115.51 and a 52-week-low of 71.05. At the end of the last trading period, Packaging Corp of America closed at $113.05.
• For Twitter Inc TWTR, Deutsche Bank upgraded the previous rating of Hold to the current rating Buy. For the second quarter, Twitter had an EPS of $1.39, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of 47.87 and a 52-week-low of 20.0. Twitter closed at $45.91 at the end of the last trading period.
• For PepsiCo Inc PEP, Citigroup upgraded the previous rating of Neutral to the current rating Buy. In the third quarter, PepsiCo showed an EPS of $1.66, compared to $1.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of 147.2 and a 52-week-low of 101.42. PepsiCo closed at $138.44 at the end of the last trading period.
• For Ford Motor Co F, Benchmark upgraded the previous rating of Hold to the current rating Buy. In the second quarter, Ford Motor showed an EPS of $0.35, compared to $0.32 from the year-ago quarter. The current stock performance of Ford Motor shows a 52-week-high of 9.575 and a 52-week-low of 3.96. Moreover, at the end of the last trading period, the closing price was at $7.25.
• For Chubb Ltd CB, JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. Chubb earned $0.56 in the second quarter, compared to $2.60 in the year-ago quarter. The current stock performance of Chubb shows a 52-week-high of 167.74 and a 52-week-low of 87.35. Moreover, at the end of the last trading period, the closing price was at $120.46.

Downgrades

• For Amgen Inc AMGN, Truist Securities downgraded the previous rating of Buy to the current rating Hold. For the second quarter, Amgen had an EPS of $4.25, compared to year-ago quarter EPS of $3.97. At the moment, the stock has a 52-week-high of 264.97 and a 52-week-low of 177.05. Amgen closed at $236.70 at the end of the last trading period.
• For Xilinx Inc XLNX, Baird downgraded the previous rating of Outperform to the current rating Neutral. Xilinx earned $0.65 in the first quarter, compared to $0.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of 123.78 and a 52-week-low of 67.68. Xilinx closed at $120.94 at the end of the last trading period.
• According to Citigroup, the prior rating for Cisco Systems Inc CSCO was changed from Buy to Neutral. For the fourth quarter, Cisco Systems had an EPS of $0.80, compared to year-ago quarter EPS of $0.83. The current stock performance of Cisco Systems shows a 52-week-high of 50.28 and a 52-week-low of 32.4001. Moreover, at the end of the last trading period, the closing price was at $39.85.
• According to Citigroup, the prior rating for Arista Networks Inc ANET was changed from Buy to Neutral. Arista Networks earned $2.11 in the second quarter, compared to $2.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of 267.3 and a 52-week-low of 156.63. Arista Networks closed at $227.60 at the end of the last trading period.
• According to JP Morgan, the prior rating for Marsh & McLennan Companies Inc MMC was changed from Overweight to Neutral. Marsh & McLennan earned $1.32 in the second quarter, compared to $1.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of 120.97 and a 52-week-low of 74.335. Marsh & McLennan closed at $115.70 at the end of the last trading period.
• According to JP Morgan, the prior rating for The Travelers Companies Inc TRV was changed from Neutral to Underweight. For the second quarter, Travelers Companies had an EPS of $0.20, compared to year-ago quarter EPS of $2.02. The stock has a 52-week-high of 144.5 and a 52-week-low of 76.99. At the end of the last trading period, Travelers Companies closed at $115.80.
• Jefferies downgraded the previous rating for GameStop Corp GME from Buy to Hold. In the second quarter, GameStop showed an EPS of $1.40, compared to $0.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of 14.8 and a 52-week-low of 2.57. GameStop closed at $12.03 at the end of the last trading period.

Initiations

• Evercore ISI Group initiated coverage on Trillium Therapeutics Inc TRIL with an Outperform rating. The price target for Trillium Therapeutics is set to $28.00. For the second quarter, Trillium Therapeutics had an EPS of $0.63, compared to year-ago quarter EPS of $0.24. The current stock performance of Trillium Therapeutics shows a 52-week-high of 16.89 and a 52-week-low of 0.2405. Moreover, at the end of the last trading period, the closing price was at $15.37.
• Morgan Stanley initiated coverage on Sumo Logic Inc SUMO with a Equal-Weight rating. The price target for Sumo Logic is set to $26.00. The stock has a 52-week-high of 28.45 and a 52-week-low of 21.01. At the end of the last trading period, Sumo Logic closed at $24.28.
• With a current rating of Equal-Weight, Morgan Stanley initiated coverage on Snowflake Inc SNOW. The price target seems to have been set at $220.00 for Snowflake. The stock has a 52-week-high of 278.26 and a 52-week-low of 208.55. At the end of the last trading period, Snowflake closed at $237.99.
• With a current rating of Equal-Weight, Morgan Stanley initiated coverage on JFrog Ltd FROG. The price target seems to have been set at $67.00 for JFrog. The current stock performance of JFrog shows a 52-week-high of 90.8 and a 52-week-low of 60.0. Moreover, at the end of the last trading period, the closing price was at $74.00.
• Stifel initiated coverage on Dyne Therapeutics Inc DYN with a Buy rating. The price target for Dyne Therapeutics is set to $29.00. The current stock performance of Dyne Therapeutics shows a 52-week-high of 27.11 and a 52-week-low of 18.08. Moreover, at the end of the last trading period, the closing price was at $18.64.
• With a current rating of Hold, Stifel initiated coverage on JFrog Ltd FROG. The price target seems to have been set at $75.00 for JFrog. At the moment, the stock has a 52-week-high of 90.8 and a 52-week-low of 60.0. JFrog closed at $74.00 at the end of the last trading period.
• Stifel initiated coverage on Outset Medical Inc OM with a Buy rating. The price target for Outset Medical is set to $54.00. At the moment, the stock has a 52-week-high of 65.0 and a 52-week-low of 42.5. Outset Medical closed at $42.51 at the end of the last trading period.
• With a current rating of Hold, Truist Securities initiated coverage on Advanced Micro Devices Inc AMD. The price target seems to have been set at $90.00 for Advanced Micro Devices. Advanced Micro Devices earned $0.18 in the second quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Advanced Micro Devices shows a 52-week-high of 94.28 and a 52-week-low of 28.0. Moreover, at the end of the last trading period, the closing price was at $83.10.
• With a current rating of Buy, Guggenheim initiated coverage on Immunovant Inc IMVT. The price target seems to have been set at $63.00 for Immunovant. Immunovant earned $0.38 in the first quarter. The current stock performance of Immunovant shows a 52-week-high of 42.74 and a 52-week-low of 8.34. Moreover, at the end of the last trading period, the closing price was at $42.18.
• With a current rating of Outperform, BMO Capital initiated coverage on Broadstone Net Lease Inc BNL. The price target seems to have been set at $21.00 for Broadstone Net Lease. The current stock performance of Broadstone Net Lease shows a 52-week-high of 17.1 and a 52-week-low of 15.9. Moreover, at the end of the last trading period, the closing price was at $16.79.
• Deutsche Bank initiated coverage on DraftKings Inc DKNG with a Hold rating. The price target for DraftKings is set to $48.00. In the second quarter, DraftKings showed an EPS of $0.55, compared to $0.15 from the year-ago quarter. The stock has a 52-week-high of 64.19 and a 52-week-low of 18.0. At the end of the last trading period, DraftKings closed at $48.82.
• Cowen & Co. initiated coverage on American Well Corp AMWL with an Outperform rating. The price target for American Well is set to $41.00. At the moment, the stock has a 52-week-high of 41.8 and a 52-week-low of 22.1. American Well closed at $32.79 at the end of the last trading period.
• With a current rating of Outperform, Cowen & Co. initiated coverage on MACOM Technology Solutions Holdings Inc MTSI. The price target seems to have been set at $45.00 for MACOM Technology. MACOM Technology earned $0.33 in the third quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of 44.6873 and a 52-week-low of 15.03. MACOM Technology closed at $36.35 at the end of the last trading period.
• With a current rating of Outperform, RBC Capital initiated coverage on Metacrine Inc MTCR. The price target seems to have been set at $25.00 for Metacrine. The current stock performance of Metacrine shows a 52-week-high of 10.84 and a 52-week-low of 9.06. Moreover, at the end of the last trading period, the closing price was at $10.17.
• With a current rating of Buy, Jefferies initiated coverage on Dyne Therapeutics Inc DYN. The price target seems to have been set at $47.00 for Dyne Therapeutics. The stock has a 52-week-high of 27.11 and a 52-week-low of 18.08. At the end of the last trading period, Dyne Therapeutics closed at $18.64.
• JP Morgan initiated coverage on StepStone Group Inc STEP with a Neutral rating. The price target for StepStone Group is set to $29.00. The current stock performance of StepStone Group shows a 52-week-high of 28.27 and a 52-week-low of 22.72. Moreover, at the end of the last trading period, the closing price was at $27.07.
• Jefferies initiated coverage on Sumo Logic Inc SUMO with a Hold rating. The price target for Sumo Logic is set to $27.00. The current stock performance of Sumo Logic shows a 52-week-high of 28.45 and a 52-week-low of 21.01. Moreover, at the end of the last trading period, the closing price was at $24.28.
• JP Morgan initiated coverage on Sumo Logic Inc SUMO with a Neutral rating. The price target for Sumo Logic is set to $24.00. At the moment, the stock has a 52-week-high of 28.45 and a 52-week-low of 21.01. Sumo Logic closed at $24.28 at the end of the last trading period.
• JP Morgan initiated coverage on Broadstone Net Lease Inc BNL with an Overweight rating. The price target for Broadstone Net Lease is set to $20.00. The stock has a 52-week-high of 17.1 and a 52-week-low of 15.9. At the end of the last trading period, Broadstone Net Lease closed at $16.79.