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Benzinga's Top Upgrades, Downgrades For June 4, 2020

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Benzinga Insights
·8 min read
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Upgrades

  • For American Eagle Outfitters Inc (NYSE: AEO), Morgan Stanley upgraded the stock from Underweight to Equal-Weight. For the first quarter, American Eagle Outfitters had an EPS of ($0.84), compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $19.90 and a 52-week-low of $6.54. American Eagle Outfitters's stock last closed at $11.81 per share.

  • For Comerica Inc (NYSE: CMA), B. Riley FBR upgraded the stock from Neutral to Buy. In the first quarter, Comerica showed an EPS of ($0.46), compared to $2.08 from the year-ago quarter. The stock has a 52-week-high of $74.11 and a 52-week-low of $24.28. Comerica's stock last closed at $40.04 per share.

  • Oppenheimer upgraded the stock for Sally Beauty Holdings Inc (NYSE: SBH) from Perform to Outperform. Sally Beauty Holdings earned $0.23 in the second quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $21.98 and a 52-week-low of $6.28. Sally Beauty Holdings's stock last closed at $15.21 per share.

  • Citigroup changed the rating for SeaWorld Entertainment Inc (NYSE: SEAS) from Neutral to Buy. In the first quarter, SeaWorld Entertainment showed an EPS of ($0.72), compared to ($0.41) from the year-ago quarter. The stock has a 52-week-high of $36.96 and a 52-week-low of $6.75. SeaWorld Entertainment's stock last closed at $18.57 per share.

  • Baird changed the rating for Sykes Enterprises Inc (NASDAQ: SYKE) from Neutral to Outperform. Sykes Enterprises earned $0.44 in the first quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $38.24 and a 52-week-low of $22.12. Sykes Enterprises's stock last closed at $28.58 per share.

  • For Targa Resources Corp (NYSE: TRGP), Barclays upgraded the stock from Equal-Weight to Overweight. In the first quarter, Targa Resources showed an EPS of $0.00, compared to ($0.30) from the year-ago quarter. The stock has a 52-week-high of $43.47 and a 52-week-low of $3.66. Targa Resources's stock last closed at $20.47 per share.

  • Bernstein upgraded the stock for Tyson Foods Inc (NYSE: TSN) from Market Perform to Outperform. In the second quarter, Tyson Foods showed an EPS of $0.77, compared to $1.20 from the year-ago quarter. The stock has a 52-week-high of $94.24 and a 52-week-low of $42.57. Tyson Foods's stock last closed at $60.09 per share.

  • Deutsche Bank upgraded the stock for Wells Fargo & Co (NYSE: WFC) from Hold to Buy. Wells Fargo earned $0.80 in the first quarter, compared to $1.20 in the year-ago quarter. The stock has a 52-week-high of $54.75 and a 52-week-low of $22.00. Wells Fargo's stock last closed at $28.81 per share.

  • For Methanex Corp (NASDAQ: MEOH), ScotiaBank upgraded the stock from Sector Perform to Sector Outperform. In the first quarter, Methanex showed an EPS of $0.10, compared to $0.73 from the year-ago quarter. The stock has a 52-week-high of $47.55 and a 52-week-low of $9.00. Methanex's stock last closed at $19.42 per share.

  • For Evergy Inc (NYSE: EVRG), Evercore ISI Group upgraded the stock from In-Line to Outperform. Evergy earned $0.41 in the first quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $76.57 and a 52-week-low of $42.01. Evergy's stock last closed at $63.44 per share.

 

Downgrades

  • Pareto changed the rating for International Seaways Inc (NYSE: INSW) from Buy to Hold. For the first quarter, International Seaways had an EPS of $1.49, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $31.39 and a 52-week-low of $14.89. International Seaways's stock last closed at $20.74 per share.

  • Citigroup changed the rating for Qudian Inc (NYSE: QD) from Neutral to Sell. Qudian earned ($0.50) in the first quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $9.21 and a 52-week-low of $1.21. Qudian's stock last closed at $1.54 per share.

  • Pareto changed the rating for Scorpio Tankers Inc (NYSE: STNG) from Buy to Hold. For the first quarter, Scorpio Tankers had an EPS of $0.82, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $40.45 and a 52-week-low of $12.35. Scorpio Tankers's stock last closed at $16.91 per share.

  • For Goldman Sachs Group Inc (NYSE: GS), Deutsche Bank downgraded the stock from Buy to Hold. Goldman Sachs Group earned $3.11 in the first quarter, compared to $5.71 in the year-ago quarter. The stock has a 52-week-high of $250.46 and a 52-week-low of $130.85. Goldman Sachs Group's stock last closed at $210.63 per share.

  • For Planet Fitness Inc (NYSE: PLNT), Raymond James downgraded the stock from Outperform to Market Perform. For the first quarter, Planet Fitness had an EPS of $0.16, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $88.77 and a 52-week-low of $23.77. Planet Fitness's stock last closed at $77.27 per share.

 

Initiations

  • Guggenheim initiated coverage on BioXcel Therapeutics Inc (NASDAQ: BTAI) with a Buy rating. The price target for BioXcel Therapeutics is set at $101.00. BioXcel Therapeutics earned ($0.79) in the first quarter, compared to ($0.46) in the year-ago quarter. The stock has a 52-week-high of $51.83 and a 52-week-low of $3.76. BioXcel Therapeutics's stock last closed at $45.14 per share.

  • Roth Capital initiated coverage on Delcath Systems Inc (NASDAQ: DCTH) with a Buy rating. The price target for Delcath Systems is set at $20.00. In the first quarter, Delcath Systems showed an EPS of ($108.07), compared to ($0.11) from the year-ago quarter. The stock has a 52-week-high of $13.00 and a 52-week-low of $6.06. Delcath Systems's stock last closed at $7.75 per share.

  • With a rating of Neutral, Compass Point initiated coverage on Macerich Co (NYSE: MAC). The price target is set at $9.00 for Macerich. Macerich earned $0.81 in the first quarter, compared to $0.81 in the year-ago quarter. The stock has a 52-week-high of $37.82 and a 52-week-low of $4.81. Macerich's stock last closed at $8.58 per share.

  • With a rating of Overweight, Barclays initiated coverage on Plug Power Inc (NASDAQ: PLUG). The price target is set at $7.00 for Plug Power. In the first quarter, Plug Power showed an EPS of ($0.12), compared to ($0.15) from the year-ago quarter. The stock has a 52-week-high of $6.05 and a 52-week-low of $1.86. Plug Power's stock last closed at $4.17 per share.

  • With a rating of Outperform, RBC Capital initiated coverage on Provention Bio Inc (NASDAQ: PRVB). The price target is set at $25.00 for Provention Bio. For the first quarter, Provention Bio had an EPS of $0.26, compared to year-ago quarter EPS of ($0.29). The stock has a 52-week-high of $22.82 and a 52-week-low of $4.00. Provention Bio's stock last closed at $14.48 per share.

  • With a rating of Sell, Compass Point initiated coverage on Tanger Factory Outlet Centers Inc (NYSE: SKT). The price target is set at $6.00 for Tanger Factory Outlet. For the first quarter, Tanger Factory Outlet had an EPS of $0.50, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $17.94 and a 52-week-low of $4.05. Tanger Factory Outlet's stock last closed at $7.41 per share.

  • With a rating of Neutral, Compass Point initiated coverage on Taubman Centers Inc (NYSE: TCO). The price target is set at $42.00 for Taubman Centers. In the first quarter, Taubman Centers showed an EPS of $0.88, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $53.40 and a 52-week-low of $26.24. Taubman Centers's stock last closed at $42.42 per share.

  • KeyBanc initiated coverage on PPD Inc (NASDAQ: PPD) with an Overweight rating. The price target for PPD is set at $35.00. In the first quarter, PPD earned $0.24. The stock has a 52-week-high of $33.23 and a 52-week-low of $10.61. PPD's stock last closed at $28.59 per share.

  • H.C. Wainwright initiated coverage on Actinium Pharmaceuticals Inc (AMEX: ATNM) with a Buy rating. The price target for Actinium Pharmaceuticals is set at $3.00. For the fourth quarter, Actinium Pharmaceuticals had an EPS of ($0.03), compared to year-ago quarter EPS of ($0.05). The stock has a 52-week-high of $0.41 and a 52-week-low of $0.16. Actinium Pharmaceuticals's stock last closed at $0.22 per share.

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