Benzinga's Top Upgrades, Downgrades For August 17, 2020
Upgrades
For FormFactor Inc (NASDAQ: 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 (NYSE: 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 (NYSE: 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 (NASDAQ: 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 (NASDAQ: 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 (NASDAQ: 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 (NASDAQ: 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 (NYSE: 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 (NASDAQ: 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 (NYSE: 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 (NYSE: 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 (NASDAQ: 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 (NYSE: 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 (NYSE: 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 (NASDAQ: 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 (NYSE: 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 (NYSE: 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 (NASDAQ: 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 (NYSE: 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 (NASDAQ: 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 (NASDAQ: 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.
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