Benzinga | Oct 26, 2020 10:08AM EDT

Benzinga's Top Upgrades, Downgrades For October 26, 2020

Upgrades

* Wedbush upgraded the previous rating for Huntington Bancshares Inc (NASDAQ:HBAN) from Neutral to Outperform. Huntington Bancshares earned $0.27 in the third quarter, compared to $0.34 in the year-ago quarter. The current stock performance of Huntington Bancshares shows a 52-week-high of 15.63 and a 52-week-low of 6.82. Moreover, at the end of the last trading period, the closing price was at $10.47.

* For Toll Brothers Inc (NYSE:TOL), Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. For the third quarter, Toll Brothers had an EPS of $0.90, compared to year-ago quarter EPS of $1.00. The current stock performance of Toll Brothers shows a 52-week-high of 50.415 and a 52-week-low of 13.28. Moreover, at the end of the last trading period, the closing price was at $47.28.

* For PulteGroup Inc (NYSE:PHM), Raymond James upgraded the previous rating of Outperform to the current rating Strong Buy. For the third quarter, PulteGroup had an EPS of $1.34, compared to year-ago quarter EPS of $1.01. The current stock performance of PulteGroup shows a 52-week-high of 49.7 and a 52-week-low of 17.12. Moreover, at the end of the last trading period, the closing price was at $44.02.

* Raymond James upgraded the previous rating for D.R. Horton Inc (NYSE:DHI) from Market Perform to Outperform. For the third quarter, D.R. Horton had an EPS of $1.72, compared to year-ago quarter EPS of $1.26. The stock has a 52-week-high of 81.21 and a 52-week-low of 25.51. At the end of the last trading period, D.R. Horton closed at $73.07.

* Raymond James upgraded the previous rating for Live Oak Bancshares Inc (NASDAQ:LOB) from Outperform to Strong Buy. For the third quarter, Live Oak Bancshares had an EPS of $0.81, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of 34.79 and a 52-week-low of 7.57. Live Oak Bancshares closed at $33.71 at the end of the last trading period.

* Raymond James upgraded the previous rating for First Midwest Bancorp Inc (NASDAQ:FMBI) from Market Perform to Outperform. In the third quarter, First Midwest Bancorp showed an EPS of $0.33, compared to $0.52 from the year-ago quarter. The current stock performance of First Midwest Bancorp shows a 52-week-high of 23.64 and a 52-week-low of 10.31. Moreover, at the end of the last trading period, the closing price was at $12.61.

* For Crown Castle International Corp (NYSE:CCI), Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. For the third quarter, Crown Castle Intl had an EPS of $1.56, compared to year-ago quarter EPS of $1.55. At the moment, the stock has a 52-week-high of 180.0 and a 52-week-low of 114.18. Crown Castle Intl closed at $158.59 at the end of the last trading period.

* Societe Generale upgraded the previous rating for TechnipFMC PLC (NYSE:FTI) from Hold to Buy. TechnipFMC earned $0.16 in the third quarter, compared to $0.12 in the year-ago quarter. The current stock performance of TechnipFMC shows a 52-week-high of 23.62 and a 52-week-low of 4.49. Moreover, at the end of the last trading period, the closing price was at $6.48.

* According to Roth Capital, the prior rating for First Solar Inc (NASDAQ:FSLR) was changed from Neutral to Buy. First Solar earned $0.39 in the second quarter, compared to $0.18 in the year-ago quarter. The current stock performance of First Solar shows a 52-week-high of 87.44 and a 52-week-low of 28.47. Moreover, at the end of the last trading period, the closing price was at $85.37.

* Goldman Sachs upgraded the previous rating for Check Point Software Technologies Ltd (NASDAQ:CHKP) from Sell to Neutral. For the third quarter, Check Point Software had an EPS of $1.64, compared to year-ago quarter EPS of $1.44. The stock has a 52-week-high of 130.98 and a 52-week-low of 80.06. At the end of the last trading period, Check Point Software closed at $120.47.

* For Amgen Inc (NASDAQ:AMGN), Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, Amgen showed an EPS of $4.25, compared to $3.97 from the year-ago quarter. At the moment, the stock has a 52-week-high of 264.97 and a 52-week-low of 177.05. Amgen closed at $227.16 at the end of the last trading period.

* For Installed Building Products Inc (NYSE:IBP), KeyBanc upgraded the previous rating of Sector Weight to the current rating Overweight. For the second quarter, Installed Building Prods had an EPS of $1.12, compared to year-ago quarter EPS of $0.87. The stock has a 52-week-high of 121.67 and a 52-week-low of 29.0201. At the end of the last trading period, Installed Building Prods closed at $106.50.



Downgrades

* Wedbush downgraded the previous rating for KeyCorp (NYSE:KEY) from Outperform to Neutral. In the third quarter, KeyCorp showed an EPS of $0.41, compared to $0.48 from the year-ago quarter. The stock has a 52-week-high of 20.525 and a 52-week-low of 7.45. At the end of the last trading period, KeyCorp closed at $13.46.

* For SunPower Corp (NASDAQ:SPWR), Credit Suisse downgraded the previous rating of Outperform to the current rating Neutral. In the second quarter, SunPower showed an EPS of $0.22, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of 19.38 and a 52-week-low of 4.03. SunPower closed at $16.86 at the end of the last trading period.

* Credit Suisse downgraded the previous rating for First Solar Inc (NASDAQ:FSLR) from Neutral to Underperform. For the second quarter, First Solar had an EPS of $0.39, compared to year-ago quarter EPS of $0.18. The current stock performance of First Solar shows a 52-week-high of 87.44 and a 52-week-low of 28.47. Moreover, at the end of the last trading period, the closing price was at $85.37.



Initiations

* Morgan Stanley initiated coverage on Palantir Technologies Inc (NYSE:PLTR) with an Overweight rating. The price target for Palantir Technologies is set to $13.00. The stock has a 52-week-high of 11.42 and a 52-week-low of 8.9. At the end of the last trading period, Palantir Technologies closed at $9.48.

* Morgan Stanley initiated coverage on Asana Inc (NYSE:ASAN) with a Equal-Weight rating. The price target for Asana is set to $27.00. The stock has a 52-week-high of 29.96 and a 52-week-low of 22.9. At the end of the last trading period, Asana closed at $23.51.

* For FibroGen Inc (NASDAQ:FGEN), Raymond James initiated coverage, by setting the current rating at Underperform. FibroGen earned $0.95 in the second quarter, compared to $1.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of 51.56 and a 52-week-low of 22.65. FibroGen closed at $42.60 at the end of the last trading period.

* SVB Leerink initiated coverage on Athenex Inc (NASDAQ:ATNX) with an Outperform rating. The price target for Athenex is set to $22.00. Athenex earned $0.41 in the second quarter, compared to $0.44 in the year-ago quarter. The current stock performance of Athenex shows a 52-week-high of 18.35 and a 52-week-low of 5.63. Moreover, at the end of the last trading period, the closing price was at $11.45.

* JP Morgan initiated coverage on Zscaler Inc (NASDAQ:ZS) with an Overweight rating. The price target for Zscaler is set to $190.00. For the fourth quarter, Zscaler had an EPS of $0.05, compared to year-ago quarter EPS of $0.07. The current stock performance of Zscaler shows a 52-week-high of 163.8 and a 52-week-low of 35.0. Moreover, at the end of the last trading period, the closing price was at $147.05.

* Morgan Stanley initiated coverage on Yalla Group Ltd (NYSE:YALA) with a Equal-Weight rating. The stock has a 52-week-high of 10.99 and a 52-week-low of 6.26. At the end of the last trading period, Yalla Group closed at $8.93.

* JP Morgan initiated coverage on Sapiens International Corp NV (NASDAQ:SPNS) with an Overweight rating. The price target for Sapiens Intl Corp is set to $40.00. Sapiens Intl Corp earned $0.26 in the second quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Sapiens Intl Corp shows a 52-week-high of 35.23 and a 52-week-low of 13.55. Moreover, at the end of the last trading period, the closing price was at $28.99.

* RBC Capital initiated coverage on Palantir Technologies Inc (NYSE:PLTR) with a Sector Perform rating. The price target for Palantir Technologies is set to $11.00. The current stock performance of Palantir Technologies shows a 52-week-high of 11.42 and a 52-week-low of 8.9. Moreover, at the end of the last trading period, the closing price was at $9.48.

* With a current rating of Equal-Weight, Wells Fargo initiated coverage on Pulmonx Corp (NASDAQ:LUNG). The price target seems to have been set at $46.00 for Pulmonx. At the moment, the stock has a 52-week-high of 52.0 and a 52-week-low of 37.64. Pulmonx closed at $42.24 at the end of the last trading period.

* JMP Securities initiated coverage on HOOKIPA Pharma Inc (NASDAQ:HOOK) with a Market Outperform rating. The price target for HOOKIPA Pharma is set to $19.00. For the second quarter, HOOKIPA Pharma had an EPS of $0.28, compared to year-ago quarter EPS of $0.63. At the moment, the stock has a 52-week-high of 14.3662 and a 52-week-low of 5.8. HOOKIPA Pharma closed at $9.60 at the end of the last trading period.

* With a current rating of Buy, Stifel initiated coverage on CuriosityStream Inc (NASDAQ:CURI). The price target seems to have been set at $12.00 for CuriosityStream. At the moment, the stock has a 52-week-high of 11.64 and a 52-week-low of 8.9. CuriosityStream closed at $9.05 at the end of the last trading period.

* JP Morgan initiated coverage on Mission Produce Inc (NASDAQ:AVO) with an Overweight rating. The price target for Mission Produce is set to $18.00. At the moment, the stock has a 52-week-high of 15.03 and a 52-week-low of 11.75. Mission Produce closed at $13.17 at the end of the last trading period.

* Jefferies initiated coverage on Asana Inc (NYSE:ASAN) with a Buy rating. The price target for Asana is set to $30.00. The current stock performance of Asana shows a 52-week-high of 29.96 and a 52-week-low of 22.9. Moreover, at the end of the last trading period, the closing price was at $23.51.

* With a current rating of Market Perform, Keefe, Bruyette & Woods initiated coverage on AppFolio Inc (NASDAQ:APPF). The price target seems to have been set at $150.00 for AppFolio. In the second quarter, AppFolio showed an EPS of $0.54, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of 180.5595 and a 52-week-low of 81.01. At the end of the last trading period, AppFolio closed at $153.00.