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Benzinga's Top Upgrades, Downgrades For November 17, 2020

Benzinga Insights
·18 min read

Upgrades

  • For Palo Alto Networks Inc (NYSE: PANW), B of A Securities upgraded the previous rating of Neutral to the current rating Buy. Palo Alto Networks earned $1.62 in the first quarter, compared to $1.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of 279.06 and a 52-week-low of 125.47. Palo Alto Networks closed at $278.51 at the end of the last trading period.

  • Wells Fargo upgraded the previous rating for VF Corp (NYSE: VFC) from Equal-Weight to Overweight. In the second quarter, VF showed an EPS of $0.67, compared to $1.26 from the year-ago quarter. The current stock performance of VF shows a 52-week-high of 100.25 and a 52-week-low of 45.07. Moreover, at the end of the last trading period, the closing price was at $82.33.

  • According to Wells Fargo, the prior rating for Under Armour Inc (NYSE: UAA) was changed from Equal-Weight to Overweight. Under Armour earned $0.26 in the third quarter. The current stock performance of Under Armour shows a 52-week-high of 21.96 and a 52-week-low of 7.15. Moreover, at the end of the last trading period, the closing price was at $15.76.

  • Cantor Fitzgerald upgraded the previous rating for Tivity Health Inc (NASDAQ: TVTY) from Neutral to Overweight. For the third quarter, Tivity Health had an EPS of $0.72, compared to year-ago quarter EPS of $0.46. The current stock performance of Tivity Health shows a 52-week-high of 26.07 and a 52-week-low of 1.92. Moreover, at the end of the last trading period, the closing price was at $15.52.

  • For Textron Inc (NYSE: TXT), Susquehanna upgraded the previous rating of Neutral to the current rating Positive. Textron earned $0.53 in the third quarter, compared to $0.95 in the year-ago quarter. The current stock performance of Textron shows a 52-week-high of 51.53 and a 52-week-low of 20.26. Moreover, at the end of the last trading period, the closing price was at $45.75.

  • According to B of A Securities, the prior rating for Sonic Automotive Inc (NYSE: SAH) was changed from Underperform to Buy. For the third quarter, Sonic Automotive had an EPS of $1.29, compared to year-ago quarter EPS of $0.66. The current stock performance of Sonic Automotive shows a 52-week-high of 46.84 and a 52-week-low of 9.0. Moreover, at the end of the last trading period, the closing price was at $41.96.

  • Wells Fargo upgraded the previous rating for Capri Holdings Ltd (NYSE: CPRI) from Equal-Weight to Overweight. Capri Holdings earned $0.90 in the second quarter, compared to $1.16 in the year-ago quarter. The stock has a 52-week-high of 39.9 and a 52-week-low of 5.42. At the end of the last trading period, Capri Holdings closed at $30.15.

  • Citigroup upgraded the previous rating for Charles Schwab Corp (NYSE: SCHW) from Neutral to Buy. Charles Schwab earned $0.48 in the third quarter, compared to $0.74 in the year-ago quarter. The current stock performance of Charles Schwab shows a 52-week-high of 51.645 and a 52-week-low of 28.0. Moreover, at the end of the last trading period, the closing price was at $46.91.

  • Citigroup upgraded the previous rating for Raymond James Financial Inc (NYSE: RJF) from Neutral to Buy. For the fourth quarter, Raymond James Financial had an EPS of $1.78, compared to year-ago quarter EPS of $2.00. At the moment, the stock has a 52-week-high of 102.45 and a 52-week-low of 54.21. Raymond James Financial closed at $87.74 at the end of the last trading period.

  • For KB Home (NYSE: KBH), JP Morgan upgraded the previous rating of Underweight to the current rating Neutral. For the third quarter, KB Home had an EPS of $0.83, compared to year-ago quarter EPS of $0.73. The current stock performance of KB Home shows a 52-week-high of 42.2 and a 52-week-low of 9.82. Moreover, at the end of the last trading period, the closing price was at $34.17.

  • According to Morgan Stanley, the prior rating for Devon Energy Corp (NYSE: DVN) was changed from Equal-Weight to Overweight. For the third quarter, Devon Energy had an EPS of $0.07, compared to year-ago quarter EPS of $0.26. The current stock performance of Devon Energy shows a 52-week-high of 26.98 and a 52-week-low of 4.7. Moreover, at the end of the last trading period, the closing price was at $12.54.

  • RBC Capital upgraded the previous rating for Chevron Corp (NYSE: CVX) from Underperform to Sector Perform. For the third quarter, Chevron had an EPS of $0.11, compared to year-ago quarter EPS of $1.59. The current stock performance of Chevron shows a 52-week-high of 122.72 and a 52-week-low of 51.6. Moreover, at the end of the last trading period, the closing price was at $88.94.

 

Downgrades

  • Wells Fargo downgraded the previous rating for Urban Outfitters Inc (NASDAQ: URBN) from Overweight to Equal-Weight. In the second quarter, Urban Outfitters showed an EPS of $0.35, compared to $0.61 from the year-ago quarter. The stock has a 52-week-high of 32.8595 and a 52-week-low of 12.28. At the end of the last trading period, Urban Outfitters closed at $28.02.

  • According to B of A Securities, the prior rating for Lear Corp (NYSE: LEA) was changed from Buy to Neutral. 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 $140.90 at the end of the last trading period.

  • For KAR Auction Services Inc (NYSE: KAR), B of A Securities downgraded the previous rating of Neutral to the current rating Underperform. In the third quarter, KAR Auction Services showed an EPS of $0.45, compared to $0.35 from the year-ago quarter. The stock has a 52-week-high of 24.13 and a 52-week-low of 9.41. At the end of the last trading period, KAR Auction Services closed at $18.64.

  • For Aptiv PLC (NYSE: APTV), B of A Securities downgraded the previous rating of Buy to the current rating Underperform. In the third quarter, Aptiv showed an EPS of $1.13, compared to $1.27 from the year-ago quarter. The current stock performance of Aptiv shows a 52-week-high of 114.55 and a 52-week-low of 29.22. Moreover, at the end of the last trading period, the closing price was at $114.48.

  • Raymond James downgraded the previous rating for HD Supply Holdings Inc (NASDAQ: HDS) from Outperform to Market Perform. In the second quarter, HD Supply Holdings showed an EPS of $0.83, compared to $1.08 from the year-ago quarter. The current stock performance of HD Supply Holdings shows a 52-week-high of 55.89 and a 52-week-low of 21.69. Moreover, at the end of the last trading period, the closing price was at $55.77.

  • According to Raymond James, the prior rating for GMS Inc (NYSE: GMS) was changed from Strong Buy to Market Perform. GMS earned $0.94 in the first quarter, compared to $0.89 in the year-ago quarter. At the moment, the stock has a 52-week-high of 34.57 and a 52-week-low of 10.3881. GMS closed at $33.77 at the end of the last trading period.

  • For Pentair PLC (NYSE: PNR), Vertical Research downgraded the previous rating of Buy to the current rating Hold. In the third quarter, Pentair showed an EPS of $0.70, compared to $0.58 from the year-ago quarter. The stock has a 52-week-high of 58.82 and a 52-week-low of 22.01. At the end of the last trading period, Pentair closed at $53.40.

  • For Sprout Social Inc (NASDAQ: SPT), Morgan Stanley downgraded the previous rating of Overweight to the current rating Equal-Weight. In the third quarter, Sprout Social earned $0.13. The stock has a 52-week-high of 52.65 and a 52-week-low of 10.54. At the end of the last trading period, Sprout Social closed at $46.99.

  • Barclays downgraded the previous rating for Dentsply Sirona Inc (NASDAQ: XRAY) from Equal-Weight to Underweight. For the third quarter, Dentsply Sirona had an EPS of $0.67, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of 60.87 and a 52-week-low of 31.575. At the end of the last trading period, Dentsply Sirona closed at $49.68.

  • According to BMO Capital, the prior rating for Moderna Inc (NASDAQ: MRNA) was changed from Outperform to Market Perform. The current stock performance of Moderna shows a 52-week-high of 103.2 and a 52-week-low of 17.68. Moreover, at the end of the last trading period, the closing price was at $97.95.

  • According to B. Riley FBR, the prior rating for Chico's FAS Inc (NYSE: CHS) was changed from Buy to Neutral. For the second quarter, Chico's FAS had an EPS of $0.33, compared to year-ago quarter EPS of $0.00. The current stock performance of Chico's FAS shows a 52-week-high of 5.14 and a 52-week-low of 0.9091. Moreover, at the end of the last trading period, the closing price was at $1.46.

 

Initiations

  • With a current rating of Hold, Jefferies initiated coverage on United Airlines Holdings Inc (NASDAQ: UAL). The price target seems to have been set at $45.00 for United Airlines Holdings. In the third quarter, United Airlines Holdings showed an EPS of $8.16, compared to $4.07 from the year-ago quarter. The current stock performance of United Airlines Holdings shows a 52-week-high of 93.72 and a 52-week-low of 17.8. Moreover, at the end of the last trading period, the closing price was at $41.00.

  • With a current rating of Overweight, Barclays initiated coverage on The Travelers Companies Inc (NYSE: TRV). The price target seems to have been set at $150.00 for Travelers Companies. Travelers Companies earned $3.12 in the third quarter, compared to $1.43 in the year-ago quarter. The current stock performance of Travelers Companies shows a 52-week-high of 141.865 and a 52-week-low of 76.99. Moreover, at the end of the last trading period, the closing price was at $136.24.

  • With a current rating of Buy, Jefferies initiated coverage on Southwest Airlines Co (NYSE: LUV). The price target seems to have been set at $55.00 for Southwest Airlines. For the third quarter, Southwest Airlines had an EPS of $1.99, compared to year-ago quarter EPS of $1.18. The current stock performance of Southwest Airlines shows a 52-week-high of 58.83 and a 52-week-low of 22.465. Moreover, at the end of the last trading period, the closing price was at $45.59.

  • Barclays initiated coverage on Progressive Corp (NYSE: PGR) with an Underweight rating. The price target for Progressive is set to $87.00. In the third quarter, Progressive showed an EPS of $1.88, compared to $1.42 from the year-ago quarter. The current stock performance of Progressive shows a 52-week-high of 102.05 and a 52-week-low of 62.18. Moreover, at the end of the last trading period, the closing price was at $95.89.

  • With a current rating of Hold, Deutsche Bank initiated coverage on McAfee Corp (NASDAQ: MCFE). The price target seems to have been set at $20.00 for McAfee. The current stock performance of McAfee shows a 52-week-high of 18.91 and a 52-week-low of 15.42. Moreover, at the end of the last trading period, the closing price was at $17.42.

  • Barclays initiated coverage on The Hartford Financial Services Group Inc (NYSE: HIG) with an Overweight rating. The price target for Hartford Finl Servs Gr is set to $51.00. At the moment, the stock has a 52-week-high of 62.75 and a 52-week-low of 19.04. Hartford Finl Servs Gr closed at $46.34 at the end of the last trading period.

  • Jefferies initiated coverage on Delta Air Lines Inc (NYSE: DAL) with a Hold rating. The price target for Delta Air Lines is set to $40.00. Delta Air Lines earned $3.30 in the third quarter, compared to $2.32 in the year-ago quarter. The stock has a 52-week-high of 62.48 and a 52-week-low of 17.51. At the end of the last trading period, Delta Air Lines closed at $38.00.

  • Barclays initiated coverage on Chubb Ltd (NYSE: CB) with an Overweight rating. The price target for Chubb is set to $171.00. Chubb earned $2.00 in the third quarter, compared to $2.70 in the year-ago quarter. At the moment, the stock has a 52-week-high of 167.74 and a 52-week-low of 87.35. Chubb closed at $151.63 at the end of the last trading period.

  • Barclays initiated coverage on Allstate Corp (NYSE: ALL) with an Overweight rating. The price target for Allstate is set to $107.00. In the third quarter, Allstate showed an EPS of $2.94, compared to $2.84 from the year-ago quarter. The stock has a 52-week-high of 125.92 and a 52-week-low of 64.13. At the end of the last trading period, Allstate closed at $98.06.

  • Barclays initiated coverage on American International Group Inc (NYSE: AIG) with a Equal-Weight rating. The price target for American Intl Gr is set to $39.00. For the third quarter, American Intl Gr had an EPS of $0.81, compared to year-ago quarter EPS of $0.56. The current stock performance of American Intl Gr shows a 52-week-high of 56.42 and a 52-week-low of 16.07. Moreover, at the end of the last trading period, the closing price was at $38.50.

  • With a current rating of Overweight, Morgan Stanley initiated coverage on Foghorn Therapeutics Inc (NASDAQ: FHTX). The price target seems to have been set at $24.00 for Foghorn Therapeutics. The current stock performance of Foghorn Therapeutics shows a 52-week-high of 18.0 and a 52-week-low of 14.03. Moreover, at the end of the last trading period, the closing price was at $16.05.

  • With a current rating of Underweight, Morgan Stanley initiated coverage on Stitch Fix Inc (NASDAQ: SFIX). The price target seems to have been set at $25.00 for Stitch Fix. In the fourth quarter, Stitch Fix showed an EPS of $0.44, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of 39.18 and a 52-week-low of 10.9. At the end of the last trading period, Stitch Fix closed at $36.25.

  • With a current rating of Buy, Citigroup initiated coverage on MultiPlan Corp (NYSE: MPLN). The price target seems to have been set at $10.00 for MultiPlan. MultiPlan earned $0.28 in the third quarter. The stock has a 52-week-high of 9.535 and a 52-week-low of 6.12. At the end of the last trading period, MultiPlan closed at $6.91.

  • Citigroup initiated coverage on McAfee Corp (NASDAQ: MCFE) with a Neutral rating. The price target for McAfee is set to $18.00. At the moment, the stock has a 52-week-high of 18.91 and a 52-week-low of 15.42. McAfee closed at $17.42 at the end of the last trading period.

  • SMBC Nikko initiated coverage on Proofpoint Inc (NASDAQ: PFPT) with an Outperform rating. The price target for Proofpoint is set to $122.00. In the third quarter, Proofpoint showed an EPS of $0.59, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of 133.0 and a 52-week-low of 83.81. At the end of the last trading period, Proofpoint closed at $100.69.

  • With a current rating of Hold, Loop Capital initiated coverage on Penn National Gaming Inc (NASDAQ: PENN). The price target seems to have been set at $60.00 for Penn National Gaming. For the third quarter, Penn National Gaming had an EPS of $0.93, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of 76.62 and a 52-week-low of 3.75. At the end of the last trading period, Penn National Gaming closed at $64.64.

  • With a current rating of Outperform, SMBC Nikko initiated coverage on Pegasystems Inc (NASDAQ: PEGA). The price target seems to have been set at $142.00 for Pegasystems. In the third quarter, Pegasystems showed an EPS of $0.33, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of 135.3638 and a 52-week-low of 38.01. Pegasystems closed at $121.82 at the end of the last trading period.

  • With a current rating of Neutral, Credit Suisse initiated coverage on PagerDuty Inc (NYSE: PD). The price target seems to have been set at $28.00 for PagerDuty. In the second quarter, PagerDuty showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of 37.24 and a 52-week-low of 12.33. At the end of the last trading period, PagerDuty closed at $29.65.

  • For Moderna Inc (NASDAQ: MRNA), Redburn initiated coverage, by setting the current rating at Sell. At the moment, the stock has a 52-week-high of 103.2 and a 52-week-low of 17.68. Moderna closed at $97.95 at the end of the last trading period.

  • With a current rating of Buy, Loop Capital initiated coverage on DraftKings Inc (NASDAQ: DKNG). The price target seems to have been set at $100.00 for DraftKings. Interestingly, in the third quarter, DraftKings's EPS was $0.98. At the moment, the stock has a 52-week-high of 64.19 and a 52-week-low of 18.0. DraftKings closed at $42.73 at the end of the last trading period.

  • SMBC Nikko initiated coverage on Salesforce.com Inc (NYSE: CRM) with an Outperform rating. The price target for Salesforce.com is set to $304.00. Salesforce.com earned $1.44 in the second quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of 284.5 and a 52-week-low of 115.29. At the end of the last trading period, Salesforce.com closed at $250.26.

  • Baird initiated coverage on AdaptHealth Corp (NASDAQ: AHCO) with an Outperform rating. The price target for AdaptHealth is set to $35.00. Interestingly, in the third quarter, AdaptHealth's EPS was $0.05. The current stock performance of AdaptHealth shows a 52-week-high of 31.8 and a 52-week-low of 9.75. Moreover, at the end of the last trading period, the closing price was at $29.71.

  • With a current rating of Neutral, SMBC Nikko initiated coverage on Autodesk Inc (NASDAQ: ADSK). The price target seems to have been set at $282.00 for Autodesk. For the second quarter, Autodesk had an EPS of $0.98, compared to year-ago quarter EPS of $0.65. The current stock performance of Autodesk shows a 52-week-high of 276.68 and a 52-week-low of 125.38. Moreover, at the end of the last trading period, the closing price was at $248.79.

  • With a current rating of Buy, Stifel initiated coverage on Accolade Inc (NASDAQ: ACCD). The price target seems to have been set at $48.00 for Accolade. For the second quarter, Accolade had an EPS of $0.47, compared to year-ago quarter EPS of $1.86. At the moment, the stock has a 52-week-high of 44.955 and a 52-week-low of 29.5. Accolade closed at $38.20 at the end of the last trading period.

  • Needham initiated coverage on Vertex Inc (NASDAQ: VERX) with a Buy rating. The price target for Vertex is set to $30.00. Vertex earned $0.15 in the third quarter. At the moment, the stock has a 52-week-high of 29.69 and a 52-week-low of 21.32. Vertex closed at $24.80 at the end of the last trading period.

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