Benzinga | Oct 7, 2020 10:09AM EDT

Benzinga's Top Upgrades, Downgrades For October 7, 2020

Upgrades

* For American Eagle Outfitters Inc (NYSE:AEO), Barclays upgraded the previous rating of Equal-Weight to the current rating Overweight. In the second quarter, American Eagle Outfitters showed an EPS of $0.03, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.82 and a 52-week-low of $6.54. American Eagle Outfitters closed at $14.85 at the end of the last trading period.

* For Foot Locker Inc (NYSE:FL), Barclays upgraded the previous rating of Equal-Weight to the current rating Overweight. Foot Locker earned $0.71 in the second quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $47.86 and a 52-week-low of $17.46. At the end of the last trading period, Foot Locker closed at $36.52.

* According to Barclays, the prior rating for Kontoor Brands Inc (NYSE:KTB) was changed from Equal-Weight to Overweight. Kontoor Brands earned $0.22 in the second quarter, compared to $0.96 in the year-ago quarter. At the moment, the stock has a 52-week-high of $43.23 and a 52-week-low of $12.90. Kontoor Brands closed at $25.20 at the end of the last trading period.

* Credit Suisse upgraded the previous rating for Liberty SiriusXM Group (NASDAQ:LSXMA) from Neutral to Outperform. The stock has a 52-week-high of $51.11 and a 52-week-low of $22.54. At the end of the last trading period, Liberty SiriusXM Gr closed at $34.58.

* For Urban Outfitters Inc (NASDAQ:URBN), Barclays upgraded the previous rating of Equal-Weight to the current rating Overweight. In the second quarter, Urban Outfitters showed an EPS of $0.35, compared to $0.61 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.41 and a 52-week-low of $12.28. Urban Outfitters closed at $22.82 at the end of the last trading period.

* Stifel upgraded the previous rating for Vishay Intertechnology Inc (NYSE:VSH) from Hold to Buy. In the second quarter, Vishay Intertechnology showed an EPS of $0.18, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $23.25 and a 52-week-low of $11.23. At the end of the last trading period, Vishay Intertechnology closed at $16.18.

* For Sirius XM Holdings Inc (NASDAQ:SIRI), Credit Suisse upgraded the previous rating of Neutral to the current rating Outperform. Sirius XM Holdings earned $0.06 in the second quarter, compared to $0.06 in the year-ago quarter. The current stock performance of Sirius XM Holdings shows a 52-week-high of $7.40 and a 52-week-low of $4.11. Moreover, at the end of the last trading period, the closing price was at $5.56.

* JP Morgan upgraded the previous rating for JetBlue Airways Corp (NASDAQ:JBLU) from Underweight to Overweight. For the second quarter, JetBlue Airways had an EPS of $2.02, compared to year-ago quarter EPS of $0.60. At the moment, the stock has a 52-week-high of $21.65 and a 52-week-low of $6.61. JetBlue Airways closed at $11.51 at the end of the last trading period.

* Jefferies upgraded the previous rating for Anheuser-Busch InBev SA/NV (NYSE:BUD) from Hold to Buy. Anheuser-Busch InBev earned $0.46 in the second quarter, compared to $1.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $93.96 and a 52-week-low of $32.58. Anheuser-Busch InBev closed at $56.85 at the end of the last trading period.

* According to Jefferies, the prior rating for Diageo PLC (NYSE:DEO) was changed from Underperform to Buy. At the moment, the stock has a 52-week-high of $171.29 and a 52-week-low of $100.52. Diageo closed at $138.33 at the end of the last trading period.

* For Workday Inc (NASDAQ:WDAY), Jefferies upgraded the previous rating of Hold to the current rating Buy. In the second quarter, Workday showed an EPS of $0.84, compared to $0.44 from the year-ago quarter. The current stock performance of Workday shows a 52-week-high of $248.75 and a 52-week-low of $107.75. Moreover, at the end of the last trading period, the closing price was at $217.01.

* JP Morgan upgraded the previous rating for PTC Therapeutics Inc (NASDAQ:PTCT) from Neutral to Overweight. In the second quarter, PTC Therapeutics showed an EPS of $2.62, compared to $0.75 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.89 and a 52-week-low of $30.79. PTC Therapeutics closed at $49.64 at the end of the last trading period.

* According to KeyBanc, the prior rating for Celanese Corp (NYSE:CE) was changed from Sector Weight to Overweight. In the second quarter, Celanese showed an EPS of $1.30, compared to $2.38 from the year-ago quarter. The current stock performance of Celanese shows a 52-week-high of $128.88 and a 52-week-low of $52.70. Moreover, at the end of the last trading period, the closing price was at $111.20.



Downgrades

* According to Morgan Stanley, the prior rating for Bandwidth Inc (NASDAQ:BAND) was changed from Equal-Weight to Underweight. For the second quarter, Bandwidth had an EPS of $0.13, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $188.19 and a 52-week-low of $42.61. Bandwidth closed at $184.78 at the end of the last trading period.

* According to Barclays, the prior rating for PVH Corp (NYSE:PVH) was changed from Equal-Weight to Underweight. In the second quarter, PVH showed an EPS of $0.13, compared to $2.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $108.06 and a 52-week-low of $28.40. PVH closed at $61.61 at the end of the last trading period.

* Barclays downgraded the previous rating for Ralph Lauren Corp (NYSE:RL) from Overweight to Equal-Weight. In the first quarter, Ralph Lauren showed an EPS of $1.82, compared to $1.77 from the year-ago quarter. The current stock performance of Ralph Lauren shows a 52-week-high of $128.29 and a 52-week-low of $59.82. Moreover, at the end of the last trading period, the closing price was at $69.20.

* For Southwest Airlines Co (NYSE:LUV), JP Morgan downgraded the previous rating of Neutral to the current rating Underweight. In the second quarter, Southwest Airlines showed an EPS of $2.67, compared to $1.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.83 and a 52-week-low of $22.46. Southwest Airlines closed at $37.58 at the end of the last trading period.



Initiations

* With a current rating of Buy, Kempen & Co initiated coverage on Centogene NV (NASDAQ:CNTG). The price target seems to have been set at $22.00 for Centogene. Interestingly, in the second quarter, Centogene's EPS was $0.57. The current stock performance of Centogene shows a 52-week-high of $28.71 and a 52-week-low of $7.80. Moreover, at the end of the last trading period, the closing price was at $9.74.

* With a current rating of Underweight, Stephens & Co. initiated coverage on GreenSky Inc (NASDAQ:GSKY). The price target seems to have been set at $3.50 for GreenSky. In the second quarter, GreenSky showed an EPS of $0.06, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.84 and a 52-week-low of $3.05. GreenSky closed at $4.74 at the end of the last trading period.

* Stifel initiated coverage on II-VI Inc (NASDAQ:IIVI) with a Buy rating. The price target for II-VI is set to $50.00. In the fourth quarter, II-VI showed an EPS of $1.18, compared to $0.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.97 and a 52-week-low of $19.00. II-VI closed at $42.50 at the end of the last trading period.

* Piper Sandler initiated coverage on Sunnova Energy International Inc (NYSE:NOVA) with an Overweight rating. For the second quarter, Sunnova Energy Intl had an EPS of $0.67, compared to year-ago quarter EPS of $0.61. The current stock performance of Sunnova Energy Intl shows a 52-week-high of $33.01 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $28.06.

* Jefferies initiated coverage on Anaplan Inc (NYSE:PLAN) with a Hold rating. The price target for Anaplan is set to $65.00. In the second quarter, Anaplan showed an EPS of $0.04, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $66.10 and a 52-week-low of $26.04. At the end of the last trading period, Anaplan closed at $61.87.

* With a current rating of Outperform, Wedbush initiated coverage on IDEAYA Biosciences Inc (NASDAQ:IDYA). The price target seems to have been set at $21.00 for IDEAYA Biosciences. In the second quarter, IDEAYA Biosciences showed an EPS of $0.59, compared to $1.30 from the year-ago quarter. The stock has a 52-week-high of $19.97 and a 52-week-low of $2.95. At the end of the last trading period, IDEAYA Biosciences closed at $13.08.