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Benzinga's Top Upgrades, Downgrades For May 21, 2020

Upgrades

Benzinga · 05/21/2020 13:47

Upgrades

  • For Avis Budget Group Inc (NASDAQ: CAR), Morgan Stanley upgraded the stock from Underweight to Equal-Weight. For the first quarter, Avis Budget Gr had an EPS of ($1.40), compared to year-ago quarter EPS of ($0.78). The stock has a 52-week-high of $52.98 and a 52-week-low of $6.35. Avis Budget Gr's stock last closed at $15.36 per share.
  • For Covenant Transportation Group Inc (NASDAQ: CVTI), Stifel upgraded the stock from Hold to Buy. In the first quarter, Covenant Transportation showed an EPS of ($0.09), compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $18.62 and a 52-week-low of $6.54. Covenant Transportation's stock last closed at $9.17 per share.
  • BMO Capital changed the rating for Entergy Corp (NYSE: ETR) from Market Perform to Outperform. For the first quarter, Entergy had an EPS of $1.14, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $135.55 and a 52-week-low of $75.19. Entergy's stock last closed at $97.57 per share.
  • HSBC upgraded the stock for Honeywell International Inc (NYSE: HON) from Hold to Buy. Honeywell International earned $2.21 in the first quarter, compared to $1.92 in the year-ago quarter. The stock has a 52-week-high of $184.06 and a 52-week-low of $101.08. Honeywell International's stock last closed at $136.07 per share.
  • Credit Suisse upgraded the stock for Korn Ferry (NYSE: KFY) from Underperform to Neutral. In the third quarter, Korn Ferry showed an EPS of $0.75, compared to $0.81 from the year-ago quarter. The stock has a 52-week-high of $48.81 and a 52-week-low of $21.45. Korn Ferry's stock last closed at $29.57 per share.
  • For Lowe's Companies Inc (NYSE: LOW), Stifel upgraded the stock from Hold to Buy. For the first quarter, Lowe's Companies had an EPS of $1.77, compared to year-ago quarter EPS of $1.22. 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 $116.94 per share.
  • Credit Suisse changed the rating for Las Vegas Sands Corp (NYSE: LVS) from Neutral to Outperform. For the first quarter, Las Vegas Sands had an EPS of ($0.03), compared to year-ago quarter EPS of $0.91. The stock has a 52-week-high of $74.29 and a 52-week-low of $33.30. Las Vegas Sands's stock last closed at $50.18 per share.
  • Credit Suisse changed the rating for ManpowerGroup Inc (NYSE: MAN) from Underperform to Neutral. In the first quarter, ManpowerGroup showed an EPS of $0.82, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $100.99 and a 52-week-low of $49.57. ManpowerGroup's stock last closed at $70.69 per share.
  • For PDC Energy Inc (NASDAQ: PDCE), Stifel upgraded the stock from Hold to Buy. PDC Energy earned ($8.07) in the first quarter, compared to ($1.82) in the year-ago quarter. The stock has a 52-week-high of $37.10 and a 52-week-low of $4.51. PDC Energy's stock last closed at $12.66 per share.
  • Credit Suisse changed the rating for Robert Half International Inc (NYSE: RHI) from Underperform to Neutral. For the first quarter, Robert Half International had an EPS of $0.79, compared to year-ago quarter EPS of $0.93. The stock has a 52-week-high of $63.97 and a 52-week-low of $32.38. Robert Half International's stock last closed at $48.99 per share.
  • Wells Fargo upgraded the stock for Sonoco Products Co (NYSE: SON) from Equal-Weight to Overweight. For the first quarter, Sonoco Products had an EPS of $0.94, compared to year-ago quarter EPS of $0.85. The stock has a 52-week-high of $66.57 and a 52-week-low of $37.30. Sonoco Products's stock last closed at $47.92 per share.
  • JP Morgan changed the rating for Stratasys Ltd (NASDAQ: SSYS) from Underweight to Neutral. In the first quarter, Stratasys showed an EPS of ($0.19), compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $30.60 and a 52-week-low of $12.18. Stratasys's stock last closed at $17.33 per share.

 

Downgrades

  • B of A Securities changed the rating for MGM Resorts International (NYSE: MGM) from Neutral to Underperform. For the first quarter, MGM Resorts Intl had an EPS of ($0.45), compared to year-ago quarter EPS of $0.12. The stock has a 52-week-high of $34.63 and a 52-week-low of $5.90. MGM Resorts Intl's stock last closed at $16.50 per share.
  • For HUYA Inc (NYSE: HUYA), Credit Suisse downgraded the stock from Outperform to Neutral. In the first quarter, HUYA showed an EPS of $0.16, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $28.20 and a 52-week-low of $11.78. HUYA's stock last closed at $19.20 per share.
  • B of A Securities downgraded the stock for Charles Schwab Corp (NYSE: SCHW) from Buy to Neutral. For the first quarter, Charles Schwab had an EPS of $0.62, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $51.65 and a 52-week-low of $28.00. Charles Schwab's stock last closed at $33.68 per share.
  • UBS changed the rating for Square Inc (NYSE: SQ) from Neutral to Sell. For the first quarter, Square had an EPS of ($0.02), compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $87.25 and a 52-week-low of $32.33. Square's stock last closed at $82.03 per share.
  • Evercore ISI Group changed the rating for Expedia Group Inc (NASDAQ: EXPE) from Outperform to In-Line. Expedia Group earned ($1.83) in the first quarter, compared to ($0.27) in the year-ago quarter. The stock has a 52-week-high of $144.00 and a 52-week-low of $40.76. Expedia Group's stock last closed at $79.58 per share.
  • For Allegion PLC (NYSE: ALLE), Barclays downgraded the stock from Equal-Weight to Underweight. In the first quarter, Allegion showed an EPS of $1.04, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $139.24 and a 52-week-low of $77.37. Allegion's stock last closed at $97.34 per share.
  • For Evelo Biosciences Inc (NASDAQ: EVLO), Morgan Stanley downgraded the stock from Overweight to Equal-Weight. In the first quarter, Evelo Biosciences showed an EPS of ($0.71), compared to ($0.64) from the year-ago quarter. The stock has a 52-week-high of $10.09 and a 52-week-low of $3.01. Evelo Biosciences's stock last closed at $4.28 per share.
  • Societe Generale downgraded the stock for International Game Technology PLC (NYSE: IGT) from Buy to Hold. Intl Game Tech earned $0.08 in the first quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $16.25 and a 52-week-low of $3.59. Intl Game Tech's stock last closed at $8.29 per share.
  • Jefferies changed the rating for MGM Resorts International (NYSE: MGM) from Buy to Hold. MGM Resorts Intl earned ($0.45) in the first quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $34.63 and a 52-week-low of $5.90. MGM Resorts Intl's stock last closed at $16.50 per share.

 

Initiations

  • Credit Suisse initiated coverage on Carnival Corp (NYSE: CCL) with a Neutral rating. The price target for Carnival is set at $12.00. Carnival earned $0.22 in the first quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $53.86 and a 52-week-low of $7.80. Carnival's stock last closed at $14.14 per share.
  • Benchmark initiated coverage on Inovio Pharmaceuticals Inc (NASDAQ: INO) with a Buy rating. The price target for Inovio Pharmaceuticals is set at $28.00. Inovio Pharmaceuticals earned ($0.26) in the first quarter, compared to ($0.30) in the year-ago quarter. The stock has a 52-week-high of $19.36 and a 52-week-low of $1.92. Inovio Pharmaceuticals's stock last closed at $15.79 per share.
  • With a rating of Outperform, Credit Suisse initiated coverage on Norwegian Cruise Line Holdings Ltd (NYSE: NCLH). The price target is set at $21.00 for Norwegian Cruise Line. In the first quarter, Norwegian Cruise Line showed an EPS of ($0.99), compared to $0.83 from the year-ago quarter. The stock has a 52-week-high of $59.78 and a 52-week-low of $7.03. Norwegian Cruise Line's stock last closed at $12.82 per share.
  • With a rating of Outperform, Cowen & Co. initiated coverage on Opera Ltd (NASDAQ: OPRA). The price target is set at $10.00 for Opera. Opera earned ($0.14) in the first quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $14.94 and a 52-week-low of $4.60. Opera's stock last closed at $6.74 per share.
  • Credit Suisse initiated coverage on Royal Caribbean Cruises Ltd (NYSE: RCL) with an Outperform rating. The price target for Royal Caribbean Cruises is set at $67.00. Royal Caribbean Cruises earned ($1.48) in the first quarter, compared to $1.31 in the year-ago quarter. The stock has a 52-week-high of $135.31 and a 52-week-low of $19.25. Royal Caribbean Cruises's stock last closed at $40.68 per share.
  • Cowen & Co. initiated coverage on Diodes Inc (NASDAQ: DIOD) with an Outperform rating. The price target for Diodes is set at $57.00. For the first quarter, Diodes had an EPS of $0.46, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $59.70 and a 52-week-low of $30.51. Diodes's stock last closed at $48.90 per share.
  • With a rating of Outperform, RBC Capital initiated coverage on Boeing Co (NYSE: BA). The price target is set at $164.00 for Boeing. In the first quarter, Boeing showed an EPS of ($1.70), compared to $3.16 from the year-ago quarter. The stock has a 52-week-high of $391.00 and a 52-week-low of $89.00. Boeing's stock last closed at $133.30 per share.
  • With a rating of Outperform, RBC Capital initiated coverage on General Dynamics Corp (NYSE: GD). The price target is set at $157.00 for General Dynamics. General Dynamics earned $2.43 in the first quarter, compared to $2.56 in the year-ago quarter. The stock has a 52-week-high of $193.76 and a 52-week-low of $100.55. General Dynamics's stock last closed at $136.97 per share.
  • RBC Capital initiated coverage on Huntington Ingalls Industries Inc (NYSE: HII) with an Outperform rating. The price target for Huntington Ingalls Indus is set at $213.00. In the first quarter, Huntington Ingalls Indus showed an EPS of $4.23, compared to $2.85 from the year-ago quarter. The stock has a 52-week-high of $279.71 and a 52-week-low of $147.14. Huntington Ingalls Indus's stock last closed at $175.12 per share.
  • RBC Capital initiated coverage on Mercury Systems Inc (NASDAQ: MRCY) with a Sector Perform rating. The price target for Mercury Systems is set at $87.00. Mercury Systems earned $0.60 in the third quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $96.29 and a 52-week-low of $52.24. Mercury Systems's stock last closed at $84.41 per share.
  • With a rating of Outperform, RBC Capital initiated coverage on L3Harris Technologies Inc (NYSE: LHX). The price target is set at $219.00 for L3Harris Technologies. L3Harris Technologies earned $2.80 in the first quarter. The stock has a 52-week-high of $230.99 and a 52-week-low of $142.01. L3Harris Technologies's stock last closed at $179.08 per share.
  • With a rating of Sector Perform, RBC Capital initiated coverage on Northrop Grumman Corp (NYSE: NOC). The price target is set at $366.00 for Northrop Grumman. For the first quarter, Northrop Grumman had an EPS of $5.15, compared to year-ago quarter EPS of $5.06. The stock has a 52-week-high of $385.00 and a 52-week-low of $263.31. Northrop Grumman's stock last closed at $320.25 per share.
  • RBC Capital initiated coverage on Lockheed Martin Corp (NYSE: LMT) with a Sector Perform rating. The price target for Lockheed Martin is set at $410.00. In the first quarter, Lockheed Martin showed an EPS of $6.08, compared to $5.99 from the year-ago quarter. The stock has a 52-week-high of $442.53 and a 52-week-low of $266.11. Lockheed Martin's stock last closed at $362.38 per share.