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Benzinga's Top Upgrades, Downgrades For June 30, 2020

Benzinga Insights

Upgrades

  • For Crocs Inc (NASDAQ: CROX), Loop Capital upgraded the stock from Hold to Buy. In the first quarter, Crocs showed an EPS of $0.22, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $43.79 and a 52-week-low of $8.40. Crocs's stock last closed at $35.07 per share.
  • Cowen & Co. changed the rating for Hologic Inc (NASDAQ: HOLX) from Market Perform to Outperform. Hologic earned $0.57 in the second quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $55.96 and a 52-week-low of $26.49. Hologic's stock last closed at $53.33 per share.
  • Exane BNP Paribas changed the rating for Armstrong World Industries Inc (NYSE: AWI) from Neutral to Outperform. For the first quarter, Armstrong World Indus had an EPS of $1.10, compared to year-ago quarter EPS of $1.10. The stock has a 52-week-high of $111.46 and a 52-week-low of $62.03. Armstrong World Indus's stock last closed at $74.33 per share.
  • For PPG Industries Inc (NYSE: PPG), BMO Capital upgraded the stock from Market Perform to Outperform. PPG Industries earned $1.19 in the first quarter, compared to $1.38 in the year-ago quarter. The stock has a 52-week-high of $134.36 and a 52-week-low of $69.77. PPG Industries's stock last closed at $103.91 per share.
  • Keefe, Bruyette & Woods upgraded the stock for Toll Brothers Inc (NYSE: TOL) from Market Perform to Outperform. For the second quarter, Toll Brothers had an EPS of $0.59, compared to year-ago quarter EPS of $0.87. 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 $31.42 per share.

 

Downgrades

  • New Street downgraded the stock for 58.com Inc (NYSE: WUBA) from Buy to Neutral. 58.com earned $2.09 in the first quarter. The stock has a 52-week-high of $69.89 and a 52-week-low of $37.92. 58.com's stock last closed at $53.72 per share.
  • For HollyFrontier Corp (NYSE: HFC), Cowen & Co. downgraded the stock from Market Perform to Underperform. In the first quarter, HollyFrontier showed an EPS of $0.53, compared to $0.54 from the year-ago quarter. The stock has a 52-week-high of $58.88 and a 52-week-low of $18.48. HollyFrontier's stock last closed at $28.46 per share.
  • HC Wainwright & Co. downgraded the stock for BioNTech SE (NASDAQ: BNTX) from Buy to Neutral. BioNTech earned ($0.26) in the first quarter. The stock has a 52-week-high of $105.00 and a 52-week-low of $12.53. BioNTech's stock last closed at $65.80 per share.
  • Citigroup downgraded the stock for Chegg Inc (NYSE: CHGG) from Buy to Neutral. For the first quarter, Chegg had an EPS of $0.22, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $70.57 and a 52-week-low of $25.89. Chegg's stock last closed at $66.74 per share.
  • For Energy Recovery Inc (NASDAQ: ERII), B. Riley FBR downgraded the stock from Buy to Neutral. Energy Recovery earned $0.01 in the first quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $12.04 and a 52-week-low of $6.11. Energy Recovery's stock last closed at $8.91 per share.
  • Baird downgraded the stock for Intercept Pharmaceuticals Inc (NASDAQ: ICPT) from Outperform to Neutral. 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 $44.50. Intercept Pharmaceuticals's stock last closed at $46.70 per share.
  • BTIG downgraded the stock for Okta Inc (NASDAQ: OKTA) from Buy to Neutral. In the first quarter, Okta showed an EPS of ($0.07), compared to ($0.19) from the year-ago quarter. The stock has a 52-week-high of $206.09 and a 52-week-low of $88.66. Okta's stock last closed at $199.84 per share.
  • For Intercept Pharmaceuticals Inc (NASDAQ: ICPT), Cowen & Co. downgraded the stock from Outperform to Market Perform. Intercept Pharmaceuticals earned ($2.86) in the first quarter, compared to ($3.03) in the year-ago quarter. The stock has a 52-week-high of $125.00 and a 52-week-low of $44.50. Intercept Pharmaceuticals's stock last closed at $46.70 per share.
  • KeyBanc downgraded the stock for CyrusOne Inc (NASDAQ: CONE) from Overweight to Sector Weight. For the first quarter, CyrusOne had an EPS of $0.97, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $79.73 and a 52-week-low of $43.72. CyrusOne's stock last closed at $74.47 per share.

 

Initiations

  • Evercore ISI Group initiated coverage on Atara Biotherapeutics Inc (NASDAQ: ATRA) with an Outperform rating. Atara Biotherapeutics earned ($1.20) in the first quarter, compared to ($1.44) in the year-ago quarter. The stock has a 52-week-high of $21.45 and a 52-week-low of $4.52. Atara Biotherapeutics's stock last closed at $13.84 per share.
  • With a rating of Buy, TD Securities initiated coverage on Plains All American Pipeline LP (NYSE: PAA). The price target is set at $17.00 for Plains All American. For the first quarter, Plains All American had an EPS of $0.55, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $25.26 and a 52-week-low of $3.00. Plains All American's stock last closed at $8.40 per share.
  • Citigroup initiated coverage on Spotify Technology SA (NYSE: SPOT) with a Neutral rating. The price target for Spotify Technology is set at $270.00. Spotify Technology earned ($0.22) in the first quarter, compared to ($0.90) in the year-ago quarter. The stock has a 52-week-high of $271.71 and a 52-week-low of $109.18. Spotify Technology's stock last closed at $265.20 per share.
  • For Square Inc (NYSE: SQ), JMP Securities initiated coverage, by setting the current rating at Market Perform. For the first quarter, Square had an EPS of ($0.02), compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $107.84 and a 52-week-low of $32.33. Square's stock last closed at $103.67 per share.
  • With a rating of Buy, DA Davidson initiated coverage on Clorox Co (NYSE: CLX). The price target is set at $256.00 for Clorox. For the third quarter, Clorox had an EPS of $1.89, compared to year-ago quarter EPS of $1.44. The stock has a 52-week-high of $219.38 and a 52-week-low of $144.12. Clorox's stock last closed at $217.53 per share.
  • With a rating of Market Outperform, JMP Securities initiated coverage on PayPal Holdings Inc (NASDAQ: PYPL). The price target is set at $195.00 for PayPal Holdings. For the first quarter, PayPal Holdings had an EPS of $0.66, compared to year-ago quarter EPS of $0.78. The stock has a 52-week-high of $175.40 and a 52-week-low of $82.07. PayPal Holdings's stock last closed at $168.35 per share.
  • With a rating of Hold, Loop Capital initiated coverage on Warner Music Group Corp (NASDAQ: WMG). The price target is set at $33.00 for Warner Music Group. The stock has a 52-week-high of $34.76 and a 52-week-low of $26.99. Warner Music Group's stock last closed at $31.43 per share.
  • With a rating of Hold, Deutsche Bank initiated coverage on ZoomInfo Technologies Inc (NASDAQ: ZI). The price target is set at $50.00 for ZoomInfo Technologies. The stock has a 52-week-high of $64.40 and a 52-week-low of $32.10. ZoomInfo Technologies's stock last closed at $50.72 per share.
  • KeyBanc initiated coverage on Pluralsight Inc (NASDAQ: PS) with an Overweight rating. The price target for Pluralsight is set at $22.00. In the first quarter, Pluralsight showed an EPS of ($0.09), compared to ($0.07) from the year-ago quarter. The stock has a 52-week-high of $32.40 and a 52-week-low of $6.59. Pluralsight's stock last closed at $17.35 per share.
  • KeyBanc initiated coverage on Chegg Inc (NYSE: CHGG) with an Overweight rating. The price target for Chegg is set at $80.00. Chegg earned $0.22 in the first quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $70.57 and a 52-week-low of $25.89. Chegg's stock last closed at $66.74 per share.
  • KeyBanc initiated coverage on 2U Inc (NASDAQ: TWOU) with a Sector Weight rating. In the first quarter, 2U showed an EPS of ($0.33), compared to ($0.15) from the year-ago quarter. The stock has a 52-week-high of $40.55 and a 52-week-low of $11.37. 2U's stock last closed at $36.88 per share.

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