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Benzinga's Top Upgrades, Downgrades For November 13, 2020

Benzinga Insights
·11 min read

Upgrades

  • For Pinduoduo Inc (NASDAQ: PDD), B of A Securities upgraded the previous rating of Neutral to the current rating Buy. Pinduoduo earned $0.05 in the third quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Pinduoduo shows a 52-week-high of 138.27 and a 52-week-low of 30.2. Moreover, at the end of the last trading period, the closing price was at $134.21.

  • According to Wedbush, the prior rating for Cheesecake Factory Inc (NASDAQ: CAKE) was changed from Neutral to Outperform. For the third quarter, Cheesecake Factory had an EPS of $0.33, compared to year-ago quarter EPS of $0.59. The current stock performance of Cheesecake Factory shows a 52-week-high of 44.66 and a 52-week-low of 14.52. Moreover, at the end of the last trading period, the closing price was at $33.76.

  • For Utz Brands Inc (NYSE: UTZ), Piper Sandler upgraded the previous rating of Neutral to the current rating Overweight. Utz Brands earned $0.00 in the third quarter. The stock has a 52-week-high of 19.16 and a 52-week-low of 15.98. At the end of the last trading period, Utz Brands closed at $18.16.

  • Baird upgraded the previous rating for Teladoc Health Inc (NYSE: TDOC) from Neutral to Outperform. For the third quarter, Teladoc Health had an EPS of $0.13, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of 253.0 and a 52-week-low of 75.2. Teladoc Health closed at $186.99 at the end of the last trading period.

  • KeyBanc upgraded the previous rating for Extra Space Storage Inc (NYSE: EXR) from Sector Weight to Overweight. In the third quarter, Extra Space Storage showed an EPS of $1.31, compared to $1.24 from the year-ago quarter. The stock has a 52-week-high of 121.07 and a 52-week-low of 72.7. At the end of the last trading period, Extra Space Storage closed at $115.37.

 

Downgrades

  • For Welltower Inc (NYSE: WELL), Evercore ISI Group downgraded the previous rating of Outperform to the current rating In-Line. Welltower earned $0.84 in the third quarter, compared to $1.05 in the year-ago quarter. The current stock performance of Welltower shows a 52-week-high of 89.99 and a 52-week-low of 24.27. Moreover, at the end of the last trading period, the closing price was at $63.62.

  • According to Ladenburg Thalmann, the prior rating for IZEA Worldwide Inc (NASDAQ: IZEA) was changed from Buy to Neutral. At the moment, the stock has a 52-week-high of 3.13 and a 52-week-low of 0.07. IZEA Worldwide closed at $0.81 at the end of the last trading period.

  • According to Ladenburg Thalmann, the prior rating for Celsius Holdings Inc (NASDAQ: CELH) was changed from Buy to Neutral. In the third quarter, Celsius Holdings showed an EPS of $0.06, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of 32.75 and a 52-week-low of 3.22. At the end of the last trading period, Celsius Holdings closed at $31.96.

  • Loop Capital downgraded the previous rating for Carlisle Companies Inc (NYSE: CSL) from Buy to Hold. Carlisle Companies earned $1.87 in the third quarter, compared to $2.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of 169.86 and a 52-week-low of 97.55. Carlisle Companies closed at $138.94 at the end of the last trading period.

  • Citigroup downgraded the previous rating for CMC Materials Inc (NASDAQ: CCMP) from Neutral to Sell. At the moment, the stock has a 52-week-high of 174.87 and a 52-week-low of 85.262. CMC Materials closed at $143.07 at the end of the last trading period.

  • Jefferies downgraded the previous rating for Urovant Sciences Ltd (NASDAQ: UROV) from Buy to Hold. Urovant Sciences earned $1.12 in the second quarter, compared to $0.85 in the year-ago quarter. At the moment, the stock has a 52-week-high of 15.98 and a 52-week-low of 6.55. Urovant Sciences closed at $8.28 at the end of the last trading period.

  • Morgan Stanley downgraded the previous rating for Palantir Technologies Inc (NYSE: PLTR) from Overweight to Equal-Weight. Interestingly, in the third quarter, Palantir Technologies's EPS was $0.94. The current stock performance of Palantir Technologies shows a 52-week-high of 17.06 and a 52-week-low of 8.9. Moreover, at the end of the last trading period, the closing price was at $14.54.

  • For LyondellBasell Industries NV (NYSE: LYB), Bernstein downgraded the previous rating of Outperform to the current rating Market Perform. For the third quarter, LyondellBasell Industries had an EPS of $1.27, compared to year-ago quarter EPS of $2.60. The stock has a 52-week-high of 97.72 and a 52-week-low of 33.71. At the end of the last trading period, LyondellBasell Industries closed at $74.30.

  • For Kodiak Sciences Inc (NASDAQ: KOD), Goldman Sachs downgraded the previous rating of Buy to the current rating Neutral. For the third quarter, Kodiak Sciences had an EPS of $0.80, compared to year-ago quarter EPS of $0.33. The stock has a 52-week-high of 131.01 and a 52-week-low of 20.8062. At the end of the last trading period, Kodiak Sciences closed at $122.63.

  • According to Bernstein, the prior rating for Dow Inc (NYSE: DOW) was changed from Outperform to Market Perform. Dow earned $0.50 in the third quarter, compared to $0.91 in the year-ago quarter. The current stock performance of Dow shows a 52-week-high of 56.11 and a 52-week-low of 21.95. Moreover, at the end of the last trading period, the closing price was at $51.05.

 

Initiations

  • RBC Capital initiated coverage on CarParts.com Inc (NASDAQ: PRTS) with an Outperform rating. The price target for CarParts.com is set to $15.00. The current stock performance of CarParts.com shows a 52-week-high of 16.44 and a 52-week-low of 1.04. Moreover, at the end of the last trading period, the closing price was at $10.52.

  • Citigroup initiated coverage on BigCommerce Holdings Inc (NASDAQ: BIGC) with a Sell rating. The price target for BigCommerce Holdings is set to $65.00. Interestingly, in the third quarter, BigCommerce Holdings's EPS was $0.16. The stock has a 52-week-high of 162.5 and a 52-week-low of 63.7716. At the end of the last trading period, BigCommerce Holdings closed at $73.32.

  • With a current rating of Underperform, Exane BNP Paribas initiated coverage on United Airlines Holdings Inc (NASDAQ: UAL). The price target seems to have been set at $32.00 for United Airlines Holdings. For the third quarter, United Airlines Holdings had an EPS of $8.16, compared to year-ago quarter EPS of $4.07. The stock has a 52-week-high of 93.88 and a 52-week-low of 17.8. At the end of the last trading period, United Airlines Holdings closed at $36.85.

  • Exane BNP Paribas initiated coverage on Peloton Interactive Inc (NASDAQ: PTON) with an Outperform rating. The price target for Peloton Interactive is set to $142.00. For the first quarter, Peloton Interactive had an EPS of $0.20, compared to year-ago quarter EPS of $1.19. The current stock performance of Peloton Interactive shows a 52-week-high of 139.75 and a 52-week-low of 17.7. Moreover, at the end of the last trading period, the closing price was at $108.72.

  • With a current rating of Neutral, Wedbush initiated coverage on Pure Storage Inc (NYSE: PSTG). The price target seems to have been set at $18.00 for Pure Storage. Pure Storage earned $0.06 in the second quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of 20.5 and a 52-week-low of 7.93. At the end of the last trading period, Pure Storage closed at $17.39.

  • With a current rating of Underperform, Exane BNP Paribas initiated coverage on Planet Fitness Inc (NYSE: PLNT). The price target seems to have been set at $55.00 for Planet Fitness. Planet Fitness earned $0.02 in the third quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Planet Fitness shows a 52-week-high of 88.77 and a 52-week-low of 23.77. Moreover, at the end of the last trading period, the closing price was at $71.72.

  • With a current rating of Neutral, Wedbush initiated coverage on NetApp Inc (NASDAQ: NTAP). The price target seems to have been set at $52.00 for NetApp. For the first quarter, NetApp had an EPS of $0.73, compared to year-ago quarter EPS of $0.65. At the moment, the stock has a 52-week-high of 65.38 and a 52-week-low of 34.66. NetApp closed at $47.48 at the end of the last trading period.

  • With a current rating of Outperform, Exane BNP Paribas initiated coverage on Vail Resorts Inc (NYSE: MTN). The price target seems to have been set at $312.00 for Vail Resorts. For the fourth quarter, Vail Resorts had an EPS of $3.82, compared to year-ago quarter EPS of $2.22. The current stock performance of Vail Resorts shows a 52-week-high of 300.0 and a 52-week-low of 125.0. Moreover, at the end of the last trading period, the closing price was at $262.90.

  • With a current rating of Neutral, Exane BNP Paribas initiated coverage on Manchester United PLC (NYSE: MANU). The price target seems to have been set at $17.00 for Manchester United. In the first quarter, Manchester United showed an EPS of $0.20, compared to $0.03 from the year-ago quarter. The current stock performance of Manchester United shows a 52-week-high of 20.48 and a 52-week-low of 12.06. Moreover, at the end of the last trading period, the closing price was at $15.31.

  • Exane BNP Paribas initiated coverage on Southwest Airlines Co (NYSE: LUV) with an Outperform rating. The price target for Southwest Airlines is set to $55.00. For the third quarter, Southwest Airlines had an EPS of $1.99, compared to year-ago quarter EPS of $1.18. At the moment, the stock has a 52-week-high of 58.83 and a 52-week-low of 22.465. Southwest Airlines closed at $41.91 at the end of the last trading period.

  • Exane BNP Paribas initiated coverage on JetBlue Airways Corp (NASDAQ: JBLU) with an Underperform rating. The price target for JetBlue Airways is set to $12.00. In the third quarter, JetBlue Airways showed an EPS of $1.75, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of 21.6501 and a 52-week-low of 6.61. JetBlue Airways closed at $13.39 at the end of the last trading period.

  • With a current rating of Outperform, Exane BNP Paribas initiated coverage on Delta Air Lines Inc (NYSE: DAL). The price target seems to have been set at $54.00 for Delta Air Lines. In the third quarter, Delta Air Lines showed an EPS of $3.30, compared to $2.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of 62.48 and a 52-week-low of 17.51. Delta Air Lines closed at $34.38 at the end of the last trading period.

  • With a current rating of Overweight, Piper Sandler initiated coverage on Chewy Inc (NYSE: CHWY). The price target seems to have been set at $90.00 for Chewy. For the second quarter, Chewy had an EPS of $0.08, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of 74.84 and a 52-week-low of 20.62. Chewy closed at $63.38 at the end of the last trading period.

  • Exane BNP Paribas initiated coverage on American Airlines Group Inc (NASDAQ: AAL) with a Neutral rating. The price target for American Airlines Group is set to $13.00. American Airlines Group earned $5.54 in the third quarter, compared to $1.42 in the year-ago quarter. The stock has a 52-week-high of 30.78 and a 52-week-low of 8.25. At the end of the last trading period, American Airlines Group closed at $11.74.

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