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Benzinga's Top Upgrades, Downgrades For November 9, 2020

Benzinga Insights
·9 min read

Upgrades

  • According to UBS, the prior rating for Yelp Inc (NYSE: YELP) was changed from Sell to Neutral. Yelp earned $0.01 in the third quarter, compared to $0.21 in the year-ago quarter. The current stock performance of Yelp shows a 52-week-high of 37.49 and a 52-week-low of 12.885. Moreover, at the end of the last trading period, the closing price was at $23.94.

  • For Nordstrom Inc (NYSE: JWN), Telsey Advisory Group upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, Nordstrom showed an EPS of $1.62, compared to $0.90 from the year-ago quarter. The current stock performance of Nordstrom shows a 52-week-high of 43.37 and a 52-week-low of 11.72. Moreover, at the end of the last trading period, the closing price was at $12.85.

  • According to Evercore ISI Group, the prior rating for New York Times Co (NYSE: NYT) was changed from In-Line to Outperform. For the third quarter, New York Times had an EPS of $0.22, compared to year-ago quarter EPS of $0.12. The stock has a 52-week-high of 47.95 and a 52-week-low of 26.13. At the end of the last trading period, New York Times closed at $39.59.

  • According to Citigroup, the prior rating for Livent Corp (NYSE: LTHM) was changed from Neutral to Buy. For the third quarter, Livent had an EPS of $0.05, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of 13.95 and a 52-week-low of 3.95. Livent closed at $13.64 at the end of the last trading period.

  • Citigroup upgraded the previous rating for HMS Holdings Corp (NASDAQ: HMSY) from Neutral to Buy. HMS Holdings earned $0.30 in the third quarter, compared to $0.24 in the year-ago quarter. The current stock performance of HMS Holdings shows a 52-week-high of 33.42 and a 52-week-low of 18.195. Moreover, at the end of the last trading period, the closing price was at $27.65.

  • UBS upgraded the previous rating for Colfax Corp (NYSE: CFX) from Neutral to Buy. At the moment, the stock has a 52-week-high of 39.3 and a 52-week-low of 12.23. Colfax closed at $29.53 at the end of the last trading period.

  • Citigroup upgraded the previous rating for C.H. Robinson Worldwide Inc (NASDAQ: CHRW) from Neutral to Buy. For the third quarter, C.H. Robinson Worldwide had an EPS of $1.00, compared to year-ago quarter EPS of $1.07. The current stock performance of C.H. Robinson Worldwide shows a 52-week-high of 106.75 and a 52-week-low of 56.9393. Moreover, at the end of the last trading period, the closing price was at $90.62.

  • According to Evercore ISI Group, the prior rating for Analog Devices Inc (NASDAQ: ADI) was changed from In-Line to Outperform. In the third quarter, Analog Devices showed an EPS of $1.36, compared to $1.26 from the year-ago quarter. The stock has a 52-week-high of 133.78 and a 52-week-low of 79.075. At the end of the last trading period, Analog Devices closed at $133.50.

  • According to Citigroup, the prior rating for Albemarle Corp (NYSE: ALB) was changed from Neutral to Buy. In the third quarter, Albemarle showed an EPS of $1.09, compared to $1.53 from the year-ago quarter. The stock has a 52-week-high of 113.33 and a 52-week-low of 48.8901. At the end of the last trading period, Albemarle closed at $112.23.

  • Rosenblatt upgraded the previous rating for Virtu Financial Inc (NASDAQ: VIRT) from Neutral to Buy. Virtu Financial earned $0.81 in the third quarter, compared to $0.21 in the year-ago quarter. The current stock performance of Virtu Financial shows a 52-week-high of 28.59 and a 52-week-low of 14.94. Moreover, at the end of the last trading period, the closing price was at $23.59.

  • For TrueCar Inc (NASDAQ: TRUE), JMP Securities upgraded the previous rating of Market Perform to the current rating Market Outperform. For the third quarter, TrueCar had an EPS of $0.14, compared to year-ago quarter EPS of $0.00. At the moment, the stock has a 52-week-high of 6.47 and a 52-week-low of 1.98. TrueCar closed at $3.71 at the end of the last trading period.

  • Stifel upgraded the previous rating for Schneider National Inc (NYSE: SNDR) from Hold to Buy. In the third quarter, Schneider National showed an EPS of $0.31, compared to $0.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of 28.13 and a 52-week-low of 15.36. Schneider National closed at $20.98 at the end of the last trading period.

  • According to BMO Capital, the prior rating for Magna International Inc (NYSE: MGA) was changed from Market Perform to Outperform. In the third quarter, Magna International showed an EPS of $1.95, compared to $1.41 from the year-ago quarter. The stock has a 52-week-high of 58.57 and a 52-week-low of 22.75. At the end of the last trading period, Magna International closed at $57.38.

  • For Lear Corp (NYSE: LEA), Morgan Stanley upgraded the previous rating of Equal-Weight to the current rating Overweight. In the third quarter, Lear showed an EPS of $3.73, compared to $3.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of 143.5 and a 52-week-low of 63.2. Lear closed at $128.00 at the end of the last trading period.

  • According to HSBC, the prior rating for TechnipFMC PLC (NYSE: FTI) was changed from Hold to Buy. For the third quarter, TechnipFMC had an EPS of $0.16, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of 21.84 and a 52-week-low of 4.49. TechnipFMC closed at $5.82 at the end of the last trading period.

 

Downgrades

  • For Biogen Inc (NASDAQ: BIIB), B of A Securities downgraded the previous rating of Neutral to the current rating Underperform. For the third quarter, Biogen had an EPS of $8.84, compared to year-ago quarter EPS of $9.17. At the moment, the stock has a 52-week-high of 374.99 and a 52-week-low of 243.25.

  • For Magna International Inc (NYSE: MGA), Morgan Stanley downgraded the previous rating of Equal-Weight to the current rating Underweight. Magna International earned $1.95 in the third quarter, compared to $1.41 in the year-ago quarter. The stock has a 52-week-high of 58.57 and a 52-week-low of 22.75. At the end of the last trading period, Magna International closed at $57.38.

  • Jefferies downgraded the previous rating for Mattel Inc (NASDAQ: MAT) from Buy to Hold. Mattel earned $0.95 in the third quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Mattel shows a 52-week-high of 14.875 and a 52-week-low of 6.53. Moreover, at the end of the last trading period, the closing price was at $14.23.

  • Morgan Stanley downgraded the previous rating for BorgWarner Inc (NYSE: BWA) from Equal-Weight to Underweight. For the third quarter, BorgWarner had an EPS of $0.88, compared to year-ago quarter EPS of $0.96. At the moment, the stock has a 52-week-high of 46.6 and a 52-week-low of 17.0. BorgWarner closed at $36.42 at the end of the last trading period.

  • johFor Rigel Pharmaceuticals Inc (NASDAQ: RIGL), JP Morgan downgraded the previous rating of Overweight to the current rating Neutral. In the third quarter, Rigel Pharmaceuticals showed an EPS of $0.08, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of 5.24 and a 52-week-low of 1.23. Rigel Pharmaceuticals closed at $2.62 at the end of the last trading period.

 

Initiations

  • With a current rating of Outperform, Cowen & Co. initiated coverage on Fisker Inc (NYSE: FSR). The price target seems to have been set at $22.00 for Fisker. At the end of the last trading period, Fisker closed at $10.87.

  • UBS initiated coverage on Designer Brands Inc (NYSE: DBI) with a Neutral rating. The price target for Designer Brands is set to $6.00. In the second quarter, Designer Brands showed an EPS of $1.28, compared to $0.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of 19.08 and a 52-week-low of 2.6. Designer Brands closed at $5.26 at the end of the last trading period.

  • With a current rating of Outperform, Wedbush initiated coverage on Codiak BioSciences Inc (NASDAQ: CDAK). The price target seems to have been set at $19.00 for Codiak BioSciences. The stock has a 52-week-high of 12.65 and a 52-week-low of 8.4. At the end of the last trading period, Codiak BioSciences closed at $9.09.

  • With a current rating of Neutral, Credit Suisse initiated coverage on Array Technologies In (NASDAQ: ARRY). The price target seems to have been set at $37.00 for Array BioPharma. The current stock performance of Array BioPharma shows a 52-week-high of 48.88 and a 52-week-low of 34.13. Moreover, at the end of the last trading period, the closing price was at $44.81.

  • Goldman Sachs initiated coverage on MINISO Group Holding Ltd (NYSE: MNSO) with a Buy rating. The price target for MINISO Group Holding is set to $25.20. At the moment, the stock has a 52-week-high of 24.4899 and a 52-week-low of 18.34. MINISO Group Holding closed at $20.67 at the end of the last trading period.

  • With a current rating of Buy, Stifel initiated coverage on Cerevel Therapeutics Holdings Inc (NASDAQ: CERE). The price target seems to have been set at $17.00 for Cerevel Therapeutics Hldg. At the end of the last trading period, Cerevel Therapeutics Hldg's closing price was at $10.05.

  • Berenberg initiated coverage on Wheaton Precious Metals Corp (NYSE: WPM) with a Buy rating. The stock has a 52-week-high of 57.89 and a 52-week-low of 18.66. At the end of the last trading period, Wheaton Precious Metals closed at $50.33.

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