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Benzinga's Top Upgrades, Downgrades For July 8, 2020

Benzinga Insights
·9 min read

Upgrades

  • Credit Suisse changed the rating for Micro Focus International PLC (NYSE: MFGP) from Underperform to Neutral. The stock has a 52-week-high of $26.41 and a 52-week-low of $3.42. Micro Focus Intl's stock last closed at $4.47 per share.

  • RBC Capital upgraded the stock for Rio Tinto PLC (NYSE: RIO) from Underperform to Sector Perform. The stock has a 52-week-high of $61.75 and a 52-week-low of $35.35. Rio Tinto's stock last closed at $56.89 per share.

  • B of A Securities changed the rating for Caterpillar Inc (NYSE: CAT) from Underperform to Neutral. For the first quarter, Caterpillar had an EPS of $1.60, compared to year-ago quarter EPS of $2.94. The stock has a 52-week-high of $150.55 and a 52-week-low of $87.50. Caterpillar's stock last closed at $127.23 per share.

  • For Herc Holdings Inc (NYSE: HRI), B of A Securities upgraded the stock from Neutral to Buy. Herc Holdings earned $0.04 in the first quarter, compared to ($0.23) in the year-ago quarter. The stock has a 52-week-high of $50.81 and a 52-week-low of $11.81. Herc Holdings's stock last closed at $28.95 per share.

  • For Kohl's Corp (NYSE: KSS), B of A Securities upgraded the stock from Neutral to Buy. Kohl's earned ($3.20) in the first quarter, compared to $0.61 in the year-ago quarter. The stock has a 52-week-high of $59.28 and a 52-week-low of $10.89. Kohl's's stock last closed at $20.30 per share.

  • Raymond James upgraded the stock for Maximus Inc (NYSE: MMS) from Market Perform to Strong Buy. In the second quarter, Maximus showed an EPS of $0.82, compared to $0.96 from the year-ago quarter. The stock has a 52-week-high of $82.02 and a 52-week-low of $46.42. Maximus's stock last closed at $70.99 per share.

 

Downgrades

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  • Citigroup changed the rating for American Express Co (NYSE: AXP) from Buy to Neutral. In the first quarter, American Express showed an EPS of $1.98, compared to $2.01 from the year-ago quarter. The stock has a 52-week-high of $138.13 and a 52-week-low of $67.00. American Express's stock last closed at $93.01 per share.

  • Morgan Stanley downgraded the stock for HollyFrontier Corp (NYSE: HFC) from Equal-Weight to Underweight. For the first quarter, HollyFrontier had an EPS of $0.53, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $58.88 and a 52-week-low of $18.48. HollyFrontier's stock last closed at $27.12 per share.

  • For Novavax Inc (NASDAQ: NVAX), Ladenburg Thalmann downgraded the stock from Buy to Neutral. Novavax earned ($0.58) in the first quarter, compared to ($0.11) in the year-ago quarter. The stock has a 52-week-high of $111.77 and a 52-week-low of $3.54. Novavax's stock last closed at $104.56 per share.

  • SVB Leerink changed the rating for Radius Health Inc (NASDAQ: RDUS) from Outperform to Market Perform. For the first quarter, Radius Health had an EPS of ($0.59), compared to year-ago quarter EPS of ($0.70). The stock has a 52-week-high of $29.97 and a 52-week-low of $10.32. Radius Health's stock last closed at $14.06 per share.

  • Raymond James downgraded the stock for Booz Allen Hamilton Holding Corp (NYSE: BAH) from Outperform to Market Perform. Booz Allen Hamilton earned $0.73 in the fourth quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $82.22 and a 52-week-low of $54.37. Booz Allen Hamilton's stock last closed at $75.40 per share.

  • For CACI International Inc (NYSE: CACI), Raymond James downgraded the stock from Outperform to Market Perform. In the third quarter, CACI International showed an EPS of $3.16, compared to $2.69 from the year-ago quarter. The stock has a 52-week-high of $288.59 and a 52-week-low of $156.15. CACI International's stock last closed at $204.96 per share.

  • For Helmerich & Payne Inc (NYSE: HP), Morgan Stanley downgraded the stock from Overweight to Equal-Weight. In the second quarter, Helmerich & Payne showed an EPS of ($0.01), compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $53.05 and a 52-week-low of $12.40. Helmerich & Payne's stock last closed at $18.29 per share.

  • Morgan Stanley downgraded the stock for Nabors Industries Ltd (NYSE: NBR) from Equal-Weight to Underweight. Nabors Industries earned ($19.86) in the first quarter, compared to ($0.36) in the year-ago quarter. The stock has a 52-week-high of $87.00 and a 52-week-low of $0.20. Nabors Industries's stock last closed at $36.10 per share.

  • JP Morgan downgraded the stock for Nokia Oyj (NYSE: NOK) from Overweight to Neutral. For the first quarter, Nokia had an EPS of $0.01, compared to year-ago quarter EPS of ($0.02). The stock has a 52-week-high of $5.77 and a 52-week-low of $2.34. Nokia's stock last closed at $4.31 per share.

  • Bernstein changed the rating for Spirit AeroSystems Holdings Inc (NYSE: SPR) from Outperform to Market Perform. In the first quarter, Spirit AeroSystems Hldgs showed an EPS of ($0.79), compared to $1.68 from the year-ago quarter. The stock has a 52-week-high of $92.81 and a 52-week-low of $13.69. Spirit AeroSystems Hldgs's stock last closed at $22.37 per share.

  • B. Riley FBR changed the rating for Vista Outdoor Inc (NYSE: VSTO) from Buy to Neutral. Vista Outdoor earned $0.11 in the fourth quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $16.11 and a 52-week-low of $4.29. Vista Outdoor's stock last closed at $15.23 per share.

 

Initiations

  • With a rating of Buy, Maxim Group initiated coverage on DiaMedica Therapeutics Inc (NASDAQ: DMAC). The price target is set at $14.00 for DiaMedica Therapeutics. DiaMedica Therapeutics earned ($0.19) in the first quarter, compared to ($0.27) in the year-ago quarter. The stock has a 52-week-high of $8.80 and a 52-week-low of $1.70. DiaMedica Therapeutics's stock last closed at $6.75 per share.

  • Craig-Hallum initiated coverage on Turning Point Brands Inc (NYSE: TPB) with a Buy rating. The price target for Turning Point Brands is set at $40.00. In the first quarter, Turning Point Brands showed an EPS of $0.51, compared to $0.43 from the year-ago quarter. The stock has a 52-week-high of $57.06 and a 52-week-low of $14.09. Turning Point Brands's stock last closed at $24.39 per share.

  • Seaport Global initiated coverage on Bank of America Corp (NYSE: BAC) with a Neutral rating. Bank of America earned $0.40 in the first quarter, compared to $0.70 in the year-ago quarter. The stock has a 52-week-high of $35.72 and a 52-week-low of $17.95. Bank of America's stock last closed at $23.03 per share.

  • With a rating of Buy, Seaport Global initiated coverage on Citigroup Inc (NYSE: C). The price target is set at $65.00 for Citigroup. In the first quarter, Citigroup showed an EPS of $1.06, compared to $1.87 from the year-ago quarter. The stock has a 52-week-high of $83.11 and a 52-week-low of $32.00. Citigroup's stock last closed at $50.32 per share.

  • Seaport Global initiated coverage on Goldman Sachs Group Inc (NYSE: GS) with a Buy rating. The price target for Goldman Sachs Group is set at $261.00. For the first quarter, Goldman Sachs Group had an EPS of $3.11, compared to year-ago quarter EPS of $5.71. The stock has a 52-week-high of $250.46 and a 52-week-low of $130.85. Goldman Sachs Group's stock last closed at $199.33 per share.

  • With a rating of Buy, Seaport Global initiated coverage on JPMorgan Chase & Co (NYSE: JPM). The price target is set at $119.00 for JPMorgan Chase. For the first quarter, JPMorgan Chase had an EPS of $2.89, compared to year-ago quarter EPS of $2.65. The stock has a 52-week-high of $141.10 and a 52-week-low of $76.91. JPMorgan Chase's stock last closed at $92.31 per share.

  • Seaport Global initiated coverage on Morgan Stanley (NYSE: MS) with a Buy rating. The price target for Morgan Stanley is set at $61.00. For the first quarter, Morgan Stanley had an EPS of $0.99, compared to year-ago quarter EPS of $1.33. The stock has a 52-week-high of $57.57 and a 52-week-low of $27.20. Morgan Stanley's stock last closed at $47.48 per share.

  • With a rating of Buy, Seaport Global initiated coverage on State Street Corporation (NYSE: STT). The price target is set at $83.00 for State Street. For the first quarter, State Street had an EPS of $1.67, compared to year-ago quarter EPS of $1.24. The stock has a 52-week-high of $85.89 and a 52-week-low of $42.10. State Street's stock last closed at $63.13 per share.

  • For Wells Fargo & Co (NYSE: WFC), Seaport Global initiated coverage, by setting the current rating at Neutral. Wells Fargo earned $0.80 in the first quarter, compared to $1.20 in the year-ago quarter. The stock has a 52-week-high of $54.75 and a 52-week-low of $22.00. Wells Fargo's stock last closed at $24.47 per share.

  • Citigroup initiated coverage on The AZEK Co Inc (NYSE: AZEK) with a Neutral rating. The price target for AZEK Co is set at $33.00.

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