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Benzinga's Top Upgrades, Downgrades For June 5, 2020

Benzinga Insights

Upgrades

  • For Kontoor Brands Inc (NYSE: KTB), Susquehanna upgraded the stock from Neutral to Positive. Interestingly, in the first quarter, Kontoor Brands's EPS was $0.27. The stock has a 52-week-high of $43.23 and a 52-week-low of $12.90. Kontoor Brands's stock last closed at $20.23 per share.
  • Loop Capital changed the rating for Navistar International Corp (NYSE: NAV) from Hold to Buy. For the second quarter, Navistar International had an EPS of ($0.10), compared to year-ago quarter EPS of $1.06. The stock has a 52-week-high of $38.00 and a 52-week-low of $15.01. Navistar International's stock last closed at $27.93 per share.
  • Wells Fargo upgraded the stock for Sysco Corp (NYSE: SYY) from Equal-Weight to Overweight. For the third quarter, Sysco had an EPS of $0.45, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $85.98 and a 52-week-low of $26.00. Sysco's stock last closed at $58.60 per share.
  • For Entergy Corp (NYSE: ETR), UBS upgraded the stock from Neutral to Buy. Entergy earned $1.14 in the first quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $135.55 and a 52-week-low of $75.19. Entergy's stock last closed at $101.25 per share.
  • For Hexcel Corp (NYSE: HXL), BMO Capital upgraded the stock from Market Perform to Outperform. In the first quarter, Hexcel showed an EPS of $0.64, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $87.00 and a 52-week-low of $24.54. Hexcel's stock last closed at $44.67 per share.
  • Baird changed the rating for Navistar International Corp (NYSE: NAV) from Neutral to Outperform. For the second quarter, Navistar International had an EPS of ($0.10), compared to year-ago quarter EPS of $1.06. The stock has a 52-week-high of $38.00 and a 52-week-low of $15.01. Navistar International's stock last closed at $27.93 per share.
  • Evercore ISI Group upgraded the stock for Toll Brothers Inc (NYSE: TOL) from In-Line to Outperform. In the second quarter, Toll Brothers showed an EPS of $0.59, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $49.31 and a 52-week-low of $13.28. Toll Brothers's stock last closed at $34.49 per share.
  • JP Morgan upgraded the stock for Novavax Inc (NASDAQ: NVAX) from Underweight to Neutral. For the first quarter, Novavax had an EPS of ($0.58), compared to year-ago quarter EPS of ($0.11). The stock has a 52-week-high of $61.50 and a 52-week-low of $3.54. Novavax's stock last closed at $44.66 per share.

 

Downgrades

  • BMO Capital downgraded the stock for eBay Inc (NASDAQ: EBAY) from Outperform to Market Perform. eBay earned $0.77 in the first quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $51.88 and a 52-week-low of $26.02. eBay's stock last closed at $49.36 per share.
  • Goldman Sachs downgraded the stock for Evolent Health Inc (NYSE: EVH) from Buy to Neutral. Evolent Health earned ($0.14) in the first quarter, compared to ($0.31) in the year-ago quarter. The stock has a 52-week-high of $12.01 and a 52-week-low of $3.50. Evolent Health's stock last closed at $6.30 per share.
  • Raymond James changed the rating for American Airlines Group Inc (NASDAQ: AAL) from Market Perform to Underperform. American Airlines Group earned ($2.65) in the first quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $34.99 and a 52-week-low of $8.25. American Airlines Group's stock last closed at $16.74 per share.
  • Evercore ISI Group downgraded the stock for Builders FirstSource Inc (NASDAQ: BLDR) from Outperform to In-Line. In the first quarter, Builders FirstSource showed an EPS of $0.34, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $28.43 and a 52-week-low of $9.00. Builders FirstSource's stock last closed at $22.44 per share.
  • Evercore ISI Group changed the rating for M.D.C. Holdings Inc (NYSE: MDC) from Outperform to In-Line. M.D.C. Holdings earned $0.56 in the first quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $48.99 and a 52-week-low of $15.75. M.D.C. Holdings's stock last closed at $35.48 per share.
  • For Meritage Homes Corp (NYSE: MTH), Evercore ISI Group downgraded the stock from Outperform to In-Line. Meritage Homes earned $1.83 in the first quarter, compared to $0.65 in the year-ago quarter. The stock has a 52-week-high of $78.43 and a 52-week-low of $25.24. Meritage Homes's stock last closed at $73.65 per share.
  • RBC Capital changed the rating for Resolute Forest Products Inc (NYSE: RFP) from Outperform to Sector Perform. In the first quarter, Resolute Forest Products showed an EPS of ($0.33), compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $7.33 and a 52-week-low of $1.14. Resolute Forest Products's stock last closed at $2.31 per share.
  • RBC Capital downgraded the stock for Rayonier Advanced Materials Inc (NYSE: RYAM) from Outperform to Sector Perform. Rayonier Advanced earned ($0.39) in the first quarter, compared to ($0.52) in the year-ago quarter. The stock has a 52-week-high of $7.34 and a 52-week-low of $0.90. Rayonier Advanced's stock last closed at $3.21 per share.
  • RBC Capital changed the rating for Domtar Corp (NYSE: UFS) from Outperform to Sector Perform. For the first quarter, Domtar had an EPS of $0.09, compared to year-ago quarter EPS of $1.44. The stock has a 52-week-high of $44.76 and a 52-week-low of $18.40. Domtar's stock last closed at $24.06 per share.
  • RBC Capital changed the rating for Mercer International Inc (NASDAQ: MERC) from Outperform to Sector Perform. In the first quarter, Mercer International showed an EPS of ($0.05), compared to $0.78 from the year-ago quarter. The stock has a 52-week-high of $15.84 and a 52-week-low of $6.42. Mercer International's stock last closed at $9.77 per share.

 

Initiations

Goldman Sachs initiated coverage on Anthem Inc (NYSE: ANTM) with a Neutral rating. The price target for Anthem is set at $340.00. For the first quarter, Anthem had an EPS of $6.48, compared to year-ago quarter EPS of $6.03. The stock has a 52-week-high of $312.48 and a 52-week-low of $171.03. Anthem's stock last closed at $282.09 per share.

Goldman Sachs initiated coverage on Humana Inc (NYSE: HUM) with a Buy rating. The price target for Humana is set at $510.00. In the first quarter, Humana showed an EPS of $5.40, compared to $4.48 from the year-ago quarter. The stock has a 52-week-high of $412.70 and a 52-week-low of $208.25. Humana's stock last closed at $392.14 per share.

Needham initiated coverage on PTC Inc (NASDAQ: PTC) with a Buy rating. The price target for PTC is set at $100.00. For the second quarter, PTC had an EPS of $0.59, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $93.34 and a 52-week-low of $43.90. PTC's stock last closed at $80.26 per share.

With a rating of Hold, HSBC initiated coverage on Coca-Cola European Partners PLC (NYSE: CCEP). The price target is set at $44.00 for Coca-Cola European. The stock has a 52-week-high of $58.94 and a 52-week-low of $28.35. Coca-Cola European's stock last closed at $40.31 per share.

BMO Capital initiated coverage on Intercept Pharmaceuticals Inc (NASDAQ: ICPT) with an Outperform rating. The price target for Intercept Pharmaceuticals is set at $107.00. In the first quarter, Intercept Pharmaceuticals showed an EPS of ($2.86), compared to ($3.03) from the year-ago quarter. The stock has a 52-week-high of $125.00 and a 52-week-low of $47.57. Intercept Pharmaceuticals's stock last closed at $76.38 per share.

With a rating of Outperform, Wedbush initiated coverage on Immunic Inc (NASDAQ: IMUX). The price target is set at $59.00 for Immunic. Immunic earned ($0.79) in the first quarter, compared to ($0.22) in the year-ago quarter. The stock has a 52-week-high of $19.05 and a 52-week-low of $4.19. Immunic's stock last closed at $11.41 per share.

Loop Capital initiated coverage on Super Micro Computer Inc (NASDAQ: SMCI) with a Buy rating. The price target for Super Micro Computer is set at $35.00. The stock has a 52-week-high of $29.27 and a 52-week-low of $15.76. Super Micro Computer's stock last closed at $27.75 per share.

With a rating of Outperform, BMO Capital initiated coverage on Viking Therapeutics Inc (NASDAQ: VKTX). The price target is set at $14.00 for Viking Therapeutics. Viking Therapeutics earned ($0.13) in the first quarter, compared to ($0.07) in the year-ago quarter. The stock has a 52-week-high of $8.87 and a 52-week-low of $3.26. Viking Therapeutics's stock last closed at $7.13 per share.

With a rating of Hold, Stifel initiated coverage on Cactus Inc (NYSE: WHD). The price target is set at $20.00 for Cactus. For the first quarter, Cactus had an EPS of $0.41, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $35.28 and a 52-week-low of $8.16. Cactus's stock last closed at $21.19 per share.

With a rating of Buy, Rosenblatt initiated coverage on Qualcomm Inc (NASDAQ: QCOM). The price target is set at $105.00 for Qualcomm. In the second quarter, Qualcomm showed an EPS of $0.88, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $96.17 and a 52-week-low of $58.00. Qualcomm's stock last closed at $86.04 per share.

Rosenblatt initiated coverage on ON Semiconductor Corp (NASDAQ: ON) with a Buy rating. The price target for ON Semiconductor is set at $22.00. ON Semiconductor earned $0.10 in the first quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $25.92 and a 52-week-low of $8.17. ON Semiconductor's stock last closed at $18.98 per share.

Cowen & Co. initiated coverage on Livongo Health Inc (NASDAQ: LVGO) with an Outperform rating. The price target for Livongo Health is set at $69.00. Interestingly, in the first quarter, Livongo Health's EPS was $0.03. The stock has a 52-week-high of $64.44 and a 52-week-low of $15.12. Livongo Health's stock last closed at $57.34 per share.

With a rating of Buy, Rosenblatt initiated coverage on SMART Global Holdings Inc (NASDAQ: SGH). The price target is set at $45.00 for SMART Glb Hldgs. SMART Glb Hldgs earned $0.52 in the second quarter, compared to $0.77 in the year-ago quarter. The stock has a 52-week-high of $39.08 and a 52-week-low of $16.42. SMART Glb Hldgs's stock last closed at $28.20 per share.

With a rating of Outperform, Oppenheimer initiated coverage on Veeco Instruments Inc (NASDAQ: VECO). The price target is set at $18.00 for Veeco Instruments. Veeco Instruments earned $0.22 in the first quarter, compared to ($0.14) in the year-ago quarter. The stock has a 52-week-high of $19.21 and a 52-week-low of $7.42. Veeco Instruments's stock last closed at $12.69 per share.

 

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