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Benzinga's Top Upgrades, Downgrades For May 14, 2020

Upgrades

Benzinga · 05/14/2020 13:31

Upgrades

  • For The Wendy's Co (NASDAQ: WEN), Evercore ISI Group upgraded the stock from In-Line to Outperform. Wendy's earned $0.09 in the first quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $24.04 and a 52-week-low of $6.82. Wendy's's stock last closed at $19.88 per share.
  • For United Rentals Inc (NYSE: URI), UBS upgraded the stock from Neutral to Buy. For the first quarter, United Rentals had an EPS of $3.35, compared to year-ago quarter EPS of $3.31. The stock has a 52-week-high of $170.04 and a 52-week-low of $58.85. United Rentals's stock last closed at $108.78 per share.
  • For Leggett & Platt Inc (NYSE: LEG), Raymond James upgraded the stock from Market Perform to Strong Buy. Leggett & Platt earned $0.41 in the first quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $55.42 and a 52-week-low of $22.03. Leggett & Platt's stock last closed at $24.62 per share.
  • For Best Buy Co Inc (NYSE: BBY), Evercore ISI Group upgraded the stock from In-Line to Outperform. Best Buy Co earned $2.90 in the fourth quarter, compared to $2.72 in the year-ago quarter. The stock has a 52-week-high of $91.99 and a 52-week-low of $48.10. Best Buy Co's stock last closed at $75.12 per share.
  • Nomura Instinet changed the rating for Armstrong Flooring Inc (NYSE: AFI) from Neutral to Buy. For the first quarter, Armstrong Flooring had an EPS of ($0.58), compared to year-ago quarter EPS of ($0.49). The stock has a 52-week-high of $11.79 and a 52-week-low of $1.12. Armstrong Flooring's stock last closed at $2.25 per share.
  • For Regal Beloit Corp (NYSE: RBC), KeyBanc upgraded the stock from Sector Weight to Overweight. For the first quarter, Regal Beloit had an EPS of $1.31, compared to year-ago quarter EPS of $1.43. The stock has a 52-week-high of $90.19 and a 52-week-low of $51.99. Regal Beloit's stock last closed at $65.34 per share.
  • For CVS Health Corp (NYSE: CVS), Credit Suisse upgraded the stock from Neutral to Outperform. CVS Health earned $1.91 in the first quarter, compared to $1.62 in the year-ago quarter. The stock has a 52-week-high of $77.03 and a 52-week-low of $51.72. CVS Health's stock last closed at $61.14 per share.
  • Credit Suisse upgraded the stock for McCormick & Co Inc (NYSE: MKC) from Neutral to Outperform. In the first quarter, McCormick & Co showed an EPS of $1.08, compared to $1.12 from the year-ago quarter. The stock has a 52-week-high of $174.58 and a 52-week-low of $112.22. McCormick & Co's stock last closed at $168.61 per share.
  • Credit Suisse upgraded the stock for Selective Insurance Group Inc (NASDAQ: SIGI) from Underperform to Outperform. Selective Insurance Group earned $0.84 in the first quarter, compared to $0.90 in the year-ago quarter. The stock has a 52-week-high of $81.35 and a 52-week-low of $37.05. Selective Insurance Group's stock last closed at $42.90 per share.

 

Downgrades

  • B of A Securities downgraded the stock for SmileDirectClub Inc (NASDAQ: SDC) from Buy to Underperform. In the first quarter, SmileDirectClub earned ($0.28). The stock has a 52-week-high of $21.10 and a 52-week-low of $3.64. SmileDirectClub's stock last closed at $7.72 per share.
  • Evercore ISI Group changed the rating for Macerich Co (NYSE: MAC) from Outperform to In-Line. In the first quarter, Macerich showed an EPS of $0.81, compared to $0.81 from the year-ago quarter. The stock has a 52-week-high of $42.80 and a 52-week-low of $4.81. Macerich's stock last closed at $6.11 per share.
  • Evercore ISI Group changed the rating for Lowe's Companies Inc (NYSE: LOW) from Outperform to In-Line. For the fourth quarter, Lowe's Companies had an EPS of $0.94, compared to year-ago quarter EPS of $0.80. The stock has a 52-week-high of $126.73 and a 52-week-low of $60.00. Lowe's Companies's stock last closed at $110.38 per share.
  • Evercore ISI Group downgraded the stock for Wayfair Inc (NYSE: W) from Outperform to In-Line. Wayfair earned ($2.30) in the first quarter, compared to ($1.62) in the year-ago quarter. The stock has a 52-week-high of $197.06 and a 52-week-low of $21.70. Wayfair's stock last closed at $183.73 per share.
  • For Adobe Inc (NASDAQ: ADBE), DZ Bank downgraded the stock from Buy to Hold. Adobe earned $2.27 in the first quarter, compared to $1.71 in the year-ago quarter. The stock has a 52-week-high of $386.75 and a 52-week-low of $255.13. Adobe's stock last closed at $358.56 per share.
  • Goldman Sachs changed the rating for Enphase Energy Inc (NASDAQ: ENPH) from Buy to Neutral. For the first quarter, Enphase Energy had an EPS of $0.38, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $63.80 and a 52-week-low of $13.27. Enphase Energy's stock last closed at $57.47 per share.
  • For Jumia Technologies AG (NYSE: JMIA), Stifel downgraded the stock from Buy to Hold. Jumia Technologies earned ($0.59) in the first quarter, compared to ($1.03) in the year-ago quarter. The stock has a 52-week-high of $29.25 and a 52-week-low of $2.15. Jumia Technologies's stock last closed at $4.21 per share.
  • Goldman Sachs downgraded the stock for Kosmos Energy Ltd (NYSE: KOS) from Buy to Neutral. In the first quarter, Kosmos Energy showed an EPS of ($0.16), compared to ($0.06) from the year-ago quarter. The stock has a 52-week-high of $7.55 and a 52-week-low of $0.50. Kosmos Energy's stock last closed at $1.41 per share.
  • DZ Bank downgraded the stock for Medtronic PLC (NYSE: MDT) from Buy to Hold. Medtronic earned $1.44 in the third quarter, compared to $1.29 in the year-ago quarter. The stock has a 52-week-high of $122.15 and a 52-week-low of $72.13. Medtronic's stock last closed at $93.32 per share.
  • KeyBanc downgraded the stock for Eaton Corp PLC (NYSE: ETN) from Overweight to Sector Weight. Eaton Corp earned $1.09 in the first quarter, compared to $1.26 in the year-ago quarter. The stock has a 52-week-high of $105.78 and a 52-week-low of $56.41. Eaton Corp's stock last closed at $73.91 per share.
  • Jefferies changed the rating for VMware Inc (NYSE: VMW) from Buy to Hold. For the fourth quarter, VMware had an EPS of $2.05, compared to year-ago quarter EPS of $1.98. The stock has a 52-week-high of $206.80 and a 52-week-low of $86.00. VMware's stock last closed at $134.75 per share.
  • Jefferies changed the rating for Smartsheet Inc (NYSE: SMAR) from Buy to Hold. In the fourth quarter, Smartsheet showed an EPS of ($0.13), compared to ($0.07) from the year-ago quarter. The stock has a 52-week-high of $57.88 and a 52-week-low of $30.91. Smartsheet's stock last closed at $52.06 per share.
  • Jefferies downgraded the stock for TechnipFMC PLC (NYSE: FTI) from Hold to Underperform. In the first quarter, TechnipFMC showed an EPS of ($0.11), compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $28.57 and a 52-week-low of $4.49. TechnipFMC's stock last closed at $6.88 per share.
  • For Dow Inc (NYSE: DOW), HSBC downgraded the stock from Buy to Hold. For the first quarter, Dow had an EPS of $0.59, compared to year-ago quarter EPS of $0.84. The stock has a 52-week-high of $56.25 and a 52-week-low of $21.95. Dow's stock last closed at $32.37 per share.
  • JP Morgan changed the rating for Eidos Therapeutics Inc (NASDAQ: EIDX) from Overweight to Neutral. For the first quarter, Eidos Therapeutics had an EPS of \ No EPS Value , compared to year-ago quarter EPS of ($0.32). The stock has a 52-week-high of $66.56 and a 52-week-low of $23.41. Eidos Therapeutics's stock last closed at $41.12 per share.
  • Oppenheimer downgraded the stock for Sprouts Farmers Market Inc (NASDAQ: SFM) from Outperform to Perform. For the first quarter, Sprouts Farmers Market had an EPS of $0.79, compared to year-ago quarter EPS of $0.46. The stock has a 52-week-high of $26.84 and a 52-week-low of $13.00. Sprouts Farmers Market's stock last closed at $25.60 per share.

 

Initiations

  • Wells Fargo initiated coverage on DexCom Inc (NASDAQ: DXCM) with a Equal-Weight rating. The price target for DexCom is set at $420.00. DexCom earned $0.44 in the first quarter, compared to ($0.05) in the year-ago quarter. The stock has a 52-week-high of $428.00 and a 52-week-low of $113.63. DexCom's stock last closed at $407.20 per share.
  • Piper Sandler initiated coverage on Bill.com Holdings Inc (NYSE: BILL) with a Neutral rating. The price target for Bill.com Holdings is set at $85.00. Bill.com Holdings earned ($0.04) in the first quarter. The stock has a 52-week-high of $97.84 and a 52-week-low of $23.61. Bill.com Holdings's stock last closed at $75.41 per share.
  • Goldman Sachs initiated coverage on Establishment Labs Holdings Inc (NASDAQ: ESTA) with a Neutral rating. The price target for Establishment Labs Hldgs is set at $20.00. For the first quarter, Establishment Labs Hldgs had an EPS of ($0.79), compared to year-ago quarter EPS of ($0.53). The stock has a 52-week-high of $29.78 and a 52-week-low of $7.56. Establishment Labs Hldgs's stock last closed at $17.22 per share.
  • Credit Suisse initiated coverage on Otis Worldwide Corp (NYSE: OTIS) with a Neutral rating. The price target for Otis Worldwide is set at $55.00. The stock has a 52-week-high of $54.17 and a 52-week-low of $41.26. Otis Worldwide's stock last closed at $48.24 per share.