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Benzinga's Top Upgrades, Downgrades For August 14, 2020

Benzinga Insights
·9 min read

Upgrades

  • Guggenheim upgraded the previous rating for MSG Networks Inc (NYSE: MSGN) from Sell to Neutral. In the fourth quarter, MSG Networks showed an EPS of $0.97, compared to $0.54 from the year-ago quarter. The current stock performance of MSG Networks shows a 52-week-high of $18.76 and a 52-week-low of $8.52. Moreover, at the end of the last trading period, the closing price was at $10.66.

  • According to Deutsche Bank, the prior rating for Qiagen NV (NYSE: QGEN) was changed from Hold to Buy. In the second quarter, Qiagen showed an EPS of $0.55, compared to $0.33 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.97 and a 52-week-low of $25.04. Qiagen closed at $48.64 at the end of the last trading period.

  • According to Citigroup, the prior rating for Domtar Corp (NYSE: UFS) was changed from Neutral to Buy. Domtar earned $0.36 in the second quarter, compared to $0.57 in the year-ago quarter. The stock has a 52-week-high of $41.00 and a 52-week-low of $18.40. At the end of the last trading period, Domtar closed at $29.98.

  • According to Stephens & Co., the prior rating for Hilltop Holdings Inc (NYSE: HTH) was changed from Equal-Weight to Overweight. Hilltop Holdings earned $1.08 in the second quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $26.28 and a 52-week-low of $11.05. At the end of the last trading period, Hilltop Holdings closed at $20.38.

  • For Marriott International Inc (NASDAQ: MAR), Jefferies upgraded the previous rating of Hold to the current rating Buy. Marriott Intl earned $0.64 in the second quarter, compared to $1.56 in the year-ago quarter. The stock has a 52-week-high of $153.39 and a 52-week-low of $46.56. At the end of the last trading period, Marriott Intl closed at $96.50.

  • Jefferies upgraded the previous rating for Hilton Worldwide Holdings Inc (NYSE: HLT) from Hold to Buy. Hilton Worldwide Holdings earned $0.61 in the second quarter, compared to $1.06 in the year-ago quarter. The stock has a 52-week-high of $115.48 and a 52-week-low of $44.30. At the end of the last trading period, Hilton Worldwide Holdings closed at $85.56.

  • For Tesla Inc (NASDAQ: TSLA), B of A Securities upgraded the previous rating of Underperform to the current rating Neutral. In the second quarter, Tesla showed an EPS of $2.18, compared to $1.12 from the year-ago quarter. The stock has a 52-week-high of $1794.99 and a 52-week-low of $211.00. At the end of the last trading period, Tesla closed at $1621.00.

  • According to Evercore ISI Group, the prior rating for Ventas Inc (NYSE: VTR) was changed from Underperform to In-Line. For the second quarter, Ventas had an EPS of $0.77, compared to year-ago quarter EPS of $0.97. The stock has a 52-week-high of $75.40 and a 52-week-low of $13.35. At the end of the last trading period, Ventas closed at $39.87.

  • For Tesla Inc (NASDAQ: TSLA), Morgan Stanley upgraded the previous rating of Underweight to the current rating Equal-Weight. In the second quarter, Tesla showed an EPS of $2.18, compared to $1.12 from the year-ago quarter. The stock has a 52-week-high of $1794.99 and a 52-week-low of $211.00. At the end of the last trading period, Tesla closed at $1621.00.

 

Downgrades

  • According to Benchmark, the prior rating for Meredith Corp (NYSE: MDP) was changed from Buy to Hold. Meredith earned $0.14 in the fourth quarter, compared to $1.79 in the year-ago quarter. The current stock performance of Meredith shows a 52-week-high of $49.00 and a 52-week-low of $10.01. Moreover, at the end of the last trading period, the closing price was at $16.05.

  • For New Relic Inc (NYSE: NEWR), Argus Research downgraded the previous rating of Buy to the current rating Hold. For the first quarter, New Relic had an EPS of $0.15, compared to year-ago quarter EPS of $0.19. At the moment, the stock has a 52-week-high of $74.20 and a 52-week-low of $33.49. New Relic closed at $55.83 at the end of the last trading period.

  • According to B of A Securities, the prior rating for Teekay Tankers Ltd (NYSE: TNK) was changed from Buy to Underperform. Teekay Tankers earned $2.39 in the second quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Teekay Tankers shows a 52-week-high of $26.92 and a 52-week-low of $0.96. Moreover, at the end of the last trading period, the closing price was at $14.88.

  • HC Wainwright & Co. downgraded the previous rating for Blink Charging Co (NASDAQ: BLNK) from Buy to Neutral. In the second quarter, Blink Charging showed an EPS of $0.11, compared to $0.09 from the year-ago quarter. The current stock performance of Blink Charging shows a 52-week-high of $14.58 and a 52-week-low of $1.25. Moreover, at the end of the last trading period, the closing price was at $11.02.

  • JP Morgan downgraded the previous rating for Montage Resources Corp (NYSE: MR) from Overweight to Neutral. In the second quarter, Montage Resources showed an EPS of $0.57, compared to $0.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.30 and a 52-week-low of $1.99. Montage Resources closed at $5.36 at the end of the last trading period.

 

Initiations

  • With a current rating of Buy, DA Davidson initiated coverage on BJ's Wholesale Club Holdings Inc (NYSE: BJ). The price target seems to have been set at $50.00 for BJ's Wholesale Club. In the first quarter, BJ's Wholesale Club showed an EPS of $0.69, compared to $0.26 from the year-ago quarter. The current stock performance of BJ's Wholesale Club shows a 52-week-high of $43.10 and a 52-week-low of $18.84. Moreover, at the end of the last trading period, the closing price was at $40.61.

  • DA Davidson initiated coverage on AutoZone Inc (NYSE: AZO) with a Buy rating. The price target for AutoZone is set to $1380.00. In the third quarter, AutoZone showed an EPS of $14.39, compared to $15.99 from the year-ago quarter. The stock has a 52-week-high of $1274.41 and a 52-week-low of $684.91. At the end of the last trading period, AutoZone closed at $1186.33.

  • Daiwa Capital initiated coverage on NetEase Inc (NASDAQ: NTES) with a Buy rating. NetEase earned $5.64 in the second quarter, compared to $4.09 in the year-ago quarter. The stock has a 52-week-high of $503.27 and a 52-week-low of $235.38. At the end of the last trading period, NetEase closed at $464.87.

  • DA Davidson initiated coverage on O'Reilly Automotive Inc (NASDAQ: ORLY) with a Neutral rating. The price target for O'Reilly Automotive is set to $508.00. In the second quarter, O'Reilly Automotive showed an EPS of $7.10, compared to $4.51 from the year-ago quarter. The current stock performance of O'Reilly Automotive shows a 52-week-high of $487.95 and a 52-week-low of $251.51. Moreover, at the end of the last trading period, the closing price was at $461.34.

  • DA Davidson initiated coverage on Target Corp (NYSE: TGT) with a Buy rating. The price target for Target is set to $152.00. In the first quarter, Target showed an EPS of $0.59, compared to $1.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $135.11 and a 52-week-low of $81.15. Target closed at $134.84 at the end of the last trading period.

  • With a current rating of Neutral, DA Davidson initiated coverage on The Home Depot Inc (NYSE: HD). The price target seems to have been set at $290.00 for Home Depot. In the first quarter, Home Depot showed an EPS of $2.08, compared to $2.27 from the year-ago quarter. The current stock performance of Home Depot shows a 52-week-high of $282.97 and a 52-week-low of $140.63. Moreover, at the end of the last trading period, the closing price was at $281.66.

  • With a current rating of Neutral, DA Davidson initiated coverage on Tractor Supply Co (NASDAQ: TSCO). The price target seems to have been set at $162.00 for Tractor Supply. For the second quarter, Tractor Supply had an EPS of $2.90, compared to year-ago quarter EPS of $1.80. The current stock performance of Tractor Supply shows a 52-week-high of $154.48 and a 52-week-low of $63.89. Moreover, at the end of the last trading period, the closing price was at $148.71.

  • With a current rating of Buy, DA Davidson initiated coverage on Walmart Inc (NYSE: WMT). The price target seems to have been set at $148.00 for Walmart. For the first quarter, Walmart had an EPS of $1.18, compared to year-ago quarter EPS of $1.13. The current stock performance of Walmart shows a 52-week-high of $134.13 and a 52-week-low of $102.00. Moreover, at the end of the last trading period, the closing price was at $131.86.

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