Benzinga | Sep 24, 2020 10:36AM EDT

Benzinga's Top Upgrades, Downgrades For September 24, 2020

Upgrades

* Canaccord Genuity upgraded the previous rating for ZoomInfo Technologies Inc (NASDAQ:ZI) from Hold to Buy. In the second quarter, ZoomInfo Technologies earned $0.07. The stock has a 52-week-high of $64.40 and a 52-week-low of $30.83. At the end of the last trading period, ZoomInfo Technologies closed at $35.60.

* Oppenheimer upgraded the previous rating for Square Inc (NYSE:SQ) from Perform to Outperform. For the second quarter, Square had an EPS of $0.18, compared to year-ago quarter EPS of $0.21. The current stock performance of Square shows a 52-week-high of $170.61 and a 52-week-low of $32.33. Moreover, at the end of the last trading period, the closing price was at $149.71.

* Seaport Global upgraded the previous rating for Andersons Inc (NASDAQ:ANDE) from Neutral to Buy. Andersons earned $0.88 in the second quarter, compared to $0.98 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.09 and a 52-week-low of $10.00. Andersons closed at $17.96 at the end of the last trading period.

* For Silicon Motion Technology Corp (NASDAQ:SIMO), Wedbush upgraded the previous rating of Neutral to the current rating Outperform. Silicon Motion Technology earned $0.81 in the second quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $53.04 and a 52-week-low of $26.72. At the end of the last trading period, Silicon Motion Technology closed at $37.25.

* UBS upgraded the previous rating for Goldman Sachs Group Inc (NYSE:GS) from Neutral to Buy. Goldman Sachs Group earned $6.26 in the second quarter, compared to $5.81 in the year-ago quarter. The stock has a 52-week-high of $250.46 and a 52-week-low of $130.85. At the end of the last trading period, Goldman Sachs Group closed at $186.08.

* Baird upgraded the previous rating for Bed Bath & Beyond Inc (NASDAQ:BBBY) from Neutral to Outperform. In the first quarter, Bed Bath & Beyond showed an EPS of $1.96, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.79 and a 52-week-low of $3.43. Bed Bath & Beyond closed at $13.36 at the end of the last trading period.

* For FedEx Corp (NYSE:FDX), Stifel upgraded the previous rating of Hold to the current rating Buy. FedEx earned $4.87 in the first quarter, compared to $3.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $256.18 and a 52-week-low of $88.69. FedEx closed at $241.38 at the end of the last trading period.

* According to Credit Suisse, the prior rating for JinkoSolar Holding Co Ltd (NYSE:JKS) was changed from Neutral to Outperform. For the second quarter, JinkoSolar Holding Co had an EPS of $1.20, compared to year-ago quarter EPS of $0.71. The stock has a 52-week-high of $33.74 and a 52-week-low of $11.42. At the end of the last trading period, JinkoSolar Holding Co closed at $33.43.

* For Exxon Mobil Corp (NYSE:XOM), ScotiaBank upgraded the previous rating of Sector Underperform to the current rating Sector Perform. In the second quarter, Exxon Mobil showed an EPS of $0.70, compared to $0.73 from the year-ago quarter. The current stock performance of Exxon Mobil shows a 52-week-high of $73.12 and a 52-week-low of $30.11. Moreover, at the end of the last trading period, the closing price was at $34.40.

* According to ScotiaBank, the prior rating for Occidental Petroleum Corp (NYSE:OXY) was changed from Sector Perform to Sector Outperform. Occidental Petroleum earned $1.76 in the second quarter, compared to $0.97 in the year-ago quarter. The stock has a 52-week-high of $47.58 and a 52-week-low of $9.00. At the end of the last trading period, Occidental Petroleum closed at $10.41.

* For Rockwell Automation Inc (NYSE:ROK), Daiwa Capital upgraded the previous rating of Neutral to the current rating Outperform. Rockwell Automation earned $1.27 in the third quarter, compared to $2.40 in the year-ago quarter. The current stock performance of Rockwell Automation shows a 52-week-high of $238.49 and a 52-week-low of $115.38. Moreover, at the end of the last trading period, the closing price was at $212.91.

Downgrades

* Consumer Edge Research downgraded the previous rating for Coty Inc (NYSE:COTY) from Overweight to Equal-Weight. In the fourth quarter, Coty showed an EPS of $0.46, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $13.42 and a 52-week-low of $2.92. At the end of the last trading period, Coty closed at $2.93.

* For Penn National Gaming Inc (NASDAQ:PENN), Macquarie downgraded the previous rating of Outperform to the current rating Neutral. For the second quarter, Penn National Gaming had an EPS of $1.69, compared to year-ago quarter EPS of $0.44. The current stock performance of Penn National Gaming shows a 52-week-high of $76.62 and a 52-week-low of $3.75. Moreover, at the end of the last trading period, the closing price was at $69.00.

* JP Morgan downgraded the previous rating for Stratasys Ltd (NASDAQ:SSYS) from Overweight to Neutral. For the second quarter, Stratasys had an EPS of $0.13, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $23.17 and a 52-week-low of $12.18. At the end of the last trading period, Stratasys closed at $12.70.

* Wedbush downgraded the previous rating for Nikola Corp (NASDAQ:NKLA) from Neutral to Underperform. In the second quarter, Nikola earned $0.16. The current stock performance of Nikola shows a 52-week-high of $93.99 and a 52-week-low of $20.61. Moreover, at the end of the last trading period, the closing price was at $21.15.

* For Chevron Corp (NYSE:CVX), ScotiaBank downgraded the previous rating of Sector Outperform to the current rating Sector Perform. For the second quarter, Chevron had an EPS of $1.59, compared to year-ago quarter EPS of $1.89. At the moment, the stock has a 52-week-high of $125.00 and a 52-week-low of $51.60. Chevron closed at $72.00 at the end of the last trading period.

* According to ScotiaBank, the prior rating for Hess Corp (NYSE:HES) was changed from Sector Outperform to Sector Perform. Hess earned $1.05 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $74.11 and a 52-week-low of $26.06. At the end of the last trading period, Hess closed at $39.41.

* According to ScotiaBank, the prior rating for Murphy Oil Corp (NYSE:MUR) was changed from Sector Perform to Sector Underperform. In the second quarter, Murphy Oil showed an EPS of $0.71, compared to $0.21 from the year-ago quarter. The current stock performance of Murphy Oil shows a 52-week-high of $28.12 and a 52-week-low of $4.50. Moreover, at the end of the last trading period, the closing price was at $8.71.



Initiations

* With a current rating of Equal-Weight, Wells Fargo initiated coverage on Werner Enterprises Inc (NASDAQ:WERN). The price target seems to have been set at $47.00 for Werner Enterprises. Werner Enterprises earned $0.62 in the second quarter, compared to $0.63 in the year-ago quarter. The stock has a 52-week-high of $47.43 and a 52-week-low of $28.99. At the end of the last trading period, Werner Enterprises closed at $42.50.

* With a current rating of Underweight, Wells Fargo initiated coverage on Ryder System Inc (NYSE:R). The price target seems to have been set at $40.00 for Ryder System. In the second quarter, Ryder System showed an EPS of $0.95, compared to $1.40 from the year-ago quarter. The stock has a 52-week-high of $57.38 and a 52-week-low of $22.62. At the end of the last trading period, Ryder System closed at $41.76.

* With a current rating of Equal-Weight, Wells Fargo initiated coverage on Landstar System Inc (NASDAQ:LSTR). The price target seems to have been set at $135.00 for Landstar System. In the second quarter, Landstar System showed an EPS of $0.68, compared to $1.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $139.99 and a 52-week-low of $85.30. Landstar System closed at $126.72 at the end of the last trading period.

* Wells Fargo initiated coverage on Knight-Swift Transportation Holdings Inc (NYSE:KNX) with an Overweight rating. The price target for Knight-Swift is set to $51.00. Knight-Swift earned $0.57 in the second quarter, compared to $0.58 in the year-ago quarter. The current stock performance of Knight-Swift shows a 52-week-high of $47.44 and a 52-week-low of $27.54. Moreover, at the end of the last trading period, the closing price was at $41.06.

* Wells Fargo initiated coverage on JB Hunt Transport Services Inc (NASDAQ:JBHT) with an Overweight rating. The price target for JB Hunt Transport Servs is set to $155.00. For the second quarter, JB Hunt Transport Servs had an EPS of $1.14, compared to year-ago quarter EPS of $1.23. At the moment, the stock has a 52-week-high of $144.34 and a 52-week-low of $75.29. JB Hunt Transport Servs closed at $129.63 at the end of the last trading period.

* Wells Fargo initiated coverage on Hub Group Inc (NASDAQ:HUBG) with an Overweight rating. The price target for Hub Group is set to $61.00. In the second quarter, Hub Group showed an EPS of $0.60, compared to $0.87 from the year-ago quarter. The current stock performance of Hub Group shows a 52-week-high of $60.41 and a 52-week-low of $36.51. Moreover, at the end of the last trading period, the closing price was at $48.80.

* With a current rating of Equal-Weight, Wells Fargo initiated coverage on Expeditors International of Washington Inc (NASDAQ:EXPD). The price target seems to have been set at $97.00 for Expeditors International. For the second quarter, Expeditors International had an EPS of $1.09, compared to year-ago quarter EPS of $0.88. At the moment, the stock has a 52-week-high of $95.12 and a 52-week-low of $52.55. Expeditors International closed at $88.74 at the end of the last trading period.

* With a current rating of Underweight, Wells Fargo initiated coverage on C.H. Robinson Worldwide Inc (NASDAQ:CHRW). The price target seems to have been set at $92.00 for C.H. Robinson Worldwide. For the second quarter, C.H. Robinson Worldwide had an EPS of $1.06, compared to year-ago quarter EPS of $1.22. The current stock performance of C.H. Robinson Worldwide shows a 52-week-high of $105.71 and a 52-week-low of $56.94. Moreover, at the end of the last trading period, the closing price was at $101.17.

* Macquarie initiated coverage on DraftKings Inc (NASDAQ:DKNG) with an Outperform rating. The price target for DraftKings is set to $65.00. DraftKings earned $0.55 in the second quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.70 and a 52-week-low of $18.00. DraftKings closed at $50.12 at the end of the last trading period.

* With a current rating of Buy, Needham initiated coverage on Tencent Music Entertainment Group (NYSE:TME). The price target seems to have been set at $17.00 for Tencent Music Enter Gr. Tencent Music Enter Gr earned $0.10 in the second quarter, compared to $0.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.97 and a 52-week-low of $9.22. Tencent Music Enter Gr closed at $14.73 at the end of the last trading period.

* With a current rating of Buy, Jefferies initiated coverage on Ingersoll Rand Inc (NYSE:IR). The price target seems to have been set at$42.00 for Ingersoll Rand. Ingersoll Rand earned $0.31 in the second quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $146.85 and a 52-week-low of $17.01. At the end of the last trading period, Ingersoll Rand closed at $35.02.

* For Old Dominion Freight Line Inc (NASDAQ:ODFL), Wells Fargo initiated coverage, by setting the current rating at Equal-Weight. In the second quarter, Old Dominion Freight Line showed an EPS of $1.25, compared to $2.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $227.21 and a 52-week-low of $119.01. Old Dominion Freight Line closed at $182.18 at the end of the last trading period.

* Wells Fargo initiated coverage on Saia Inc (NASDAQ:SAIA) with a Equal-Weight rating. Saia earned $1.07 in the second quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $142.24 and a 52-week-low of $61.46. Saia closed at $120.86 at the end of the last trading period.

* Wells Fargo initiated coverage on XPO Logistics Inc (NYSE:XPO) with an Overweight rating. In the second quarter, XPO Logistics showed an EPS of $0.63, compared to $1.28 from the year-ago quarter. The current stock performance of XPO Logistics shows a 52-week-high of $100.18 and a 52-week-low of $38.47. Moreover, at the end of the last trading period, the closing price was at $83.04.

* MKM Partners initiated coverage on Chevron Corp (NYSE:CVX) with a Buy rating. The price target for Chevron is set to $121.00. For the second quarter, Chevron had an EPS of $1.59, compared to year-ago quarter EPS of $1.89. At the moment, the stock has a 52-week-high of $125.00 and a 52-week-low of $51.60. Chevron closed at $72.00 at the end of the last trading period.

* ScotiaBank initiated coverage on BP PLC (NYSE:BP) with a Sector Perform rating. The price target for BP is set to $23.00. In the second quarter, BP showed an EPS of $1.98, compared to $0.83 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.08 and a 52-week-low of $15.51. BP closed at $17.96 at the end of the last trading period.