Benzinga's Top Upgrades, Downgrades For December 7, 2020

Upgrades

• For Spirit AeroSystems Holdings Inc SPR, UBS upgraded the previous rating of Neutral to the current rating Buy. Spirit AeroSystems Hldgs earned $1.34 in the third quarter, compared to $1.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of 85.13 and a 52-week-low of 13.69. Spirit AeroSystems Hldgs closed at $39.09 at the end of the last trading period.
• UBS upgraded the previous rating for Boeing Co BA from Neutral to Buy. Boeing earned $1.39 in the third quarter, compared to $1.45 in the year-ago quarter. The stock has a 52-week-high of 355.29 and a 52-week-low of 89.0. At the end of the last trading period, Boeing closed at $232.58.
• For Southwest Airlines Co LUV, Bernstein upgraded the previous rating of Market Perform to the current rating Outperform. For the third quarter, Southwest Airlines had an EPS of $1.99, compared to year-ago quarter EPS of $1.18. The stock has a 52-week-high of 58.83 and a 52-week-low of 22.465. At the end of the last trading period, Southwest Airlines closed at $47.58.
• Morgan Stanley upgraded the previous rating for Asbury Automotive Group Inc ABG from Equal-Weight to Overweight. Asbury Automotive Group earned $4.08 in the third quarter, compared to $2.33 in the year-ago quarter. The current stock performance of Asbury Automotive Group shows a 52-week-high of 138.66 and a 52-week-low of 39.36. Moreover, at the end of the last trading period, the closing price was at $137.59.
• For Lyft Inc LYFT, Piper Sandler upgraded the previous rating of Neutral to the current rating Overweight. For the third quarter, Lyft had an EPS of $0.89, compared to year-ago quarter EPS of $0.41. The stock has a 52-week-high of 54.5 and a 52-week-low of 14.5617. At the end of the last trading period, Lyft closed at $46.10.
• JP Morgan upgraded the previous rating for Lamb Weston Holdings Inc LW from Neutral to Overweight. In the first quarter, Lamb Weston Hldgs showed an EPS of $0.61, compared to $0.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of 96.32 and a 52-week-low of 39.06. Lamb Weston Hldgs closed at $76.40 at the end of the last trading period.
• According to KeyBanc, the prior rating for Packaging Corp of America PKG was changed from Underweight to Sector Weight. In the third quarter, Packaging Corp of America showed an EPS of $1.57, compared to $1.92 from the year-ago quarter. The current stock performance of Packaging Corp of America shows a 52-week-high of 136.47 and a 52-week-low of 71.05. Moreover, at the end of the last trading period, the closing price was at $133.08.

Downgrades

• According to Stephens & Co., the prior rating for Teladoc Health Inc TDOC was changed from Overweight to Equal-Weight. Teladoc Health earned $0.13 in the third quarter, compared to $0.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of 253.0 and a 52-week-low of 75.2. Teladoc Health closed at $203.64 at the end of the last trading period.
• For Occidental Petroleum Corp OXY, MKM Partners downgraded the previous rating of Buy to the current rating Neutral. Occidental Petroleum earned $0.84 in the third quarter, compared to $0.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of 47.58 and a 52-week-low of 8.52. Occidental Petroleum closed at $18.59 at the end of the last trading period.
• For Helmerich & Payne Inc HP, B of A Securities downgraded the previous rating of Neutral to the current rating Underperform. For the fourth quarter, Helmerich & Payne had an EPS of $0.74, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of 47.325 and a 52-week-low of 12.4. Helmerich & Payne closed at $24.94 at the end of the last trading period.
• For Accenture PLC ACN, Susquehanna downgraded the previous rating of Positive to the current rating Neutral. For the fourth quarter, Accenture had an EPS of $1.70, compared to year-ago quarter EPS of $1.74. At the moment, the stock has a 52-week-high of 253.93 and a 52-week-low of 137.152. Accenture closed at $253.45 at the end of the last trading period.
• Stephens & Co. downgraded the previous rating for McDonald's Corp MCD from Overweight to Equal-Weight. In the third quarter, McDonald's showed an EPS of $2.22, compared to $2.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of 231.91 and a 52-week-low of 124.23. McDonald's closed at $210.80 at the end of the last trading period.
• Jefferies downgraded the previous rating for Varian Medical Systems Inc VAR from Buy to Hold. For the fourth quarter, Varian Medical Systems had an EPS of $1.12, compared to year-ago quarter EPS of $1.21. At the moment, the stock has a 52-week-high of 176.19 and a 52-week-low of 89.62. Varian Medical Systems closed at $174.66 at the end of the last trading period.
• Morgan Stanley downgraded the previous rating for SVB Financial Group SIVB from Overweight to Equal-Weight. SVB Financial earned $8.47 in the third quarter, compared to $5.15 in the year-ago quarter. The stock has a 52-week-high of 363.1 and a 52-week-low of 127.39. At the end of the last trading period, SVB Financial closed at $358.32.
• According to Morgan Stanley, the prior rating for Lithia Motors Inc LAD was changed from Overweight to Equal-Weight. Lithia Motors earned $6.89 in the third quarter, compared to $3.39 in the year-ago quarter. The stock has a 52-week-high of 310.57 and a 52-week-low of 55.74. At the end of the last trading period, Lithia Motors closed at $294.27.
• According to Wells Fargo, the prior rating for CRISPR Therapeutics AG CRSP was changed from Overweight to Equal-Weight. In the third quarter, CRISPR Therapeutics showed an EPS of $1.32, compared to $2.40 from the year-ago quarter. The stock has a 52-week-high of 151.11 and a 52-week-low of 32.3. At the end of the last trading period, CRISPR Therapeutics closed at $147.54.
• According to Morgan Stanley, the prior rating for Cree Inc CREE was changed from Overweight to Equal-Weight. In the first quarter, Cree showed an EPS of $0.19, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of 93.96 and a 52-week-low of 27.77. At the end of the last trading period, Cree closed at $93.50.
• HSBC downgraded the previous rating for Altice USA Inc ATUS from Buy to Hold. In the third quarter, Altice USA showed an EPS of $0.32, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of 35.47 and a 52-week-low of 15.955. Altice USA closed at $34.72 at the end of the last trading period.
• Jefferies downgraded the previous rating for Sensata Technologies Holding PLC ST from Buy to Hold. In the third quarter, Sensata Technologies showed an EPS of $0.66, compared to $0.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of 54.37 and a 52-week-low of 18.25. Sensata Technologies closed at $50.14 at the end of the last trading period.

Initiations

• With a current rating of Buy, Seaport Global initiated coverage on Visa Inc V. The price target seems to have been set at $250.00 for Visa. For the fourth quarter, Visa had an EPS of $1.12, compared to year-ago quarter EPS of $1.47. The stock has a 52-week-high of 217.65 and a 52-week-low of 133.93. At the end of the last trading period, Visa closed at $212.67.
• With a current rating of Buy, Seaport Global initiated coverage on Square Inc SQ. The price target seems to have been set at $250.00 for Square. For the third quarter, Square had an EPS of $0.34, compared to year-ago quarter EPS of $0.25. The current stock performance of Square shows a 52-week-high of 215.0 and a 52-week-low of 32.33. Moreover, at the end of the last trading period, the closing price was at $208.14.
• For PayPal Holdings Inc PYPL, Seaport Global initiated coverage, by setting the current rating at Neutral. PayPal Holdings earned $1.07 in the third quarter, compared to $0.61 in the year-ago quarter. The stock has a 52-week-high of 220.57 and a 52-week-low of 82.07. At the end of the last trading period, PayPal Holdings closed at $217.77.
• With a current rating of Buy, Seaport Global initiated coverage on Mastercard Inc MA. The price target seems to have been set at $370.00 for Mastercard. In the third quarter, Mastercard showed an EPS of $1.60, compared to $2.15 from the year-ago quarter. The stock has a 52-week-high of 367.25 and a 52-week-low of 199.99. At the end of the last trading period, Mastercard closed at $344.21.
• Credit Suisse initiated coverage on Jack Henry & Associates Inc JKHY with a Neutral rating. The price target for Jack Henry & Associates is set to $175.00. In the first quarter, Jack Henry & Associates showed an EPS of $1.19, compared to $1.16 from the year-ago quarter. The stock has a 52-week-high of 200.98 and a 52-week-low of 123.64. At the end of the last trading period, Jack Henry & Associates closed at $158.48.
• HC Wainwright & Co. initiated coverage on Prothena Corp PLC PRTA with a Buy rating. The price target for Prothena Corp is set to $22.00. In the third quarter, Prothena Corp showed an EPS of $0.77, compared to $0.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of 17.63 and a 52-week-low of 7.1. Prothena Corp closed at $11.53 at the end of the last trading period.
• With a current rating of Buy, HC Wainwright & Co. initiated coverage on I-MAB IMAB. The price target seems to have been set at $55.00 for I-MAB. None The current stock performance of I-MAB shows a 52-week-high of 47.46 and a 52-week-low of 10.55. Moreover, at the end of the last trading period, the closing price was at $37.99.
• With a current rating of Buy, HC Wainwright & Co. initiated coverage on Galera Therapeutics Inc GRTX. The price target seems to have been set at $15.00 for Galera Therapeutics. In the third quarter, Galera Therapeutics showed an EPS of $0.69, compared to $51.43 from the year-ago quarter. The current stock performance of Galera Therapeutics shows a 52-week-high of 19.5 and a 52-week-low of 5.58. Moreover, at the end of the last trading period, the closing price was at $10.92.
• Jefferies initiated coverage on Fidelity National Information Services Inc FIS with a Buy rating. The price target for Fidelity National Info is set to $175.00. In the third quarter, Fidelity National Info showed an EPS of $1.42, compared to $1.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of 158.21 and a 52-week-low of 91.68. Fidelity National Info closed at $149.93 at the end of the last trading period.
• With a current rating of Neutral, JP Morgan initiated coverage on DraftKings Inc DKNG. The price target seems to have been set at $48.00 for DraftKings. In the third quarter, DraftKings earned $0.98. At the moment, the stock has a 52-week-high of 64.19 and a 52-week-low of 18.0. DraftKings closed at $49.25 at the end of the last trading period.