Benzinga | Oct 1, 2020 09:30AM EDT

Benzinga's Top Upgrades, Downgrades For October 1, 2020

Upgrades

* For L3Harris Technologies Inc (NYSE:LHX), UBS upgraded the previous rating of Neutral to the current rating Buy. L3Harris Technologies earned $2.83 in the second quarter. The current stock performance of L3Harris Technologies shows a 52-week-high of $230.99 and a 52-week-low of $142.01. Moreover, at the end of the last trading period, the closing price was at $169.84.

* Citigroup upgraded the previous rating for Baxter International Inc (NYSE:BAX) from Neutral to Buy. Baxter International earned $0.64 in the second quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $95.19 and a 52-week-low of $69.10. At the end of the last trading period, Baxter International closed at $80.41.

* For Gol Intelligent Airlines Inc (NYSE:GOL), Goldman Sachs upgraded the previous rating of Neutral to the current rating Buy. Gol Intelligent Airlines earned $2.08 in the second quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Gol Intelligent Airlines shows a 52-week-high of $19.36 and a 52-week-low of $1.85. Moreover, at the end of the last trading period, the closing price was at $6.11.

* Deutsche Bank upgraded the previous rating for Eaton Vance Corp (NYSE:EV) from Hold to Buy. In the third quarter, Eaton Vance showed an EPS of $0.82, compared to $0.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.79 and a 52-week-low of $23.59. Eaton Vance closed at $38.16 at the end of the last trading period.

* According to Northcoast Research, the prior rating for Goodyear Tire & Rubber Co (NASDAQ:GT) was changed from Neutral to Buy. For the second quarter, Goodyear Tire & Rubber had an EPS of $1.87, compared to year-ago quarter EPS of $0.25. The stock has a 52-week-high of $17.20 and a 52-week-low of $4.09. At the end of the last trading period, Goodyear Tire & Rubber closed at $7.67.

* According to Goldman Sachs, the prior rating for Syneos Health Inc (NASDAQ:SYNH) was changed from Neutral to Buy. Syneos Health earned $0.58 in the second quarter, compared to $0.74 in the year-ago quarter. The stock has a 52-week-high of $74.25 and a 52-week-low of $30.02. At the end of the last trading period, Syneos Health closed at $53.16.

* Deutsche Bank upgraded the previous rating for BlackRock Inc (NYSE:BLK) from Hold to Buy. BlackRock earned $7.85 in the second quarter, compared to $6.41 in the year-ago quarter. The stock has a 52-week-high of $609.69 and a 52-week-low of $323.98. At the end of the last trading period, BlackRock closed at $564.13.

* Deutsche Bank upgraded the previous rating for Pan American Silver Corp (NASDAQ:PAAS) from Hold to Buy. In the second quarter, Pan American Silver showed an EPS of $0.28, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $40.11 and a 52-week-low of $10.61. At the end of the last trading period, Pan American Silver closed at $32.15.

* According to Citigroup, the prior rating for Workday Inc (NASDAQ:WDAY) was changed from Neutral to Buy. Workday earned $0.84 in the second quarter, compared to $0.44 in 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 $215.13.

* For Devon Energy Corp (NYSE:DVN), Truist Securities upgraded the previous rating of Hold to the current rating Buy. Devon Energy earned $0.18 in the second quarter, compared to $0.23 in the year-ago quarter. The current stock performance of Devon Energy shows a 52-week-high of $26.98 and a 52-week-low of $4.70. Moreover, at the end of the last trading period, the closing price was at $9.45.

* For KAR Auction Services Inc (NYSE:KAR), Stephens & Co. upgraded the previous rating of Equal-Weight to the current rating Overweight. In the second quarter, KAR Auction Services showed an EPS of $0.08, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $26.62 and a 52-week-low of $9.41. At the end of the last trading period, KAR Auction Services closed at $14.40.

Downgrades

* Goldman Sachs downgraded the previous rating for Valero Energy Corp (NYSE:VLO) from Neutral to Sell. In the second quarter, Valero Energy showed an EPS of $1.25, compared to $1.51 from the year-ago quarter. The current stock performance of Valero Energy shows a 52-week-high of $101.99 and a 52-week-low of $31.00. Moreover, at the end of the last trading period, the closing price was at $43.34.

* Citigroup downgraded the previous rating for Silk Road Medical Inc (NASDAQ:SILK) from Buy to Neutral. In the second quarter, Silk Road Medical showed an EPS of $0.32, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $72.19 and a 52-week-low of $20.84. At the end of the last trading period, Silk Road Medical closed at $67.21.

* Cowen & Co. downgraded the previous rating for Textron Inc (NYSE:TXT) from Outperform to Market Perform. Textron earned $0.13 in the second quarter, compared to $0.93 in the year-ago quarter. The stock has a 52-week-high of $51.53 and a 52-week-low of $20.26. At the end of the last trading period, Textron closed at $36.12.

* ScotiaBank downgraded the previous rating for Duke Energy Corp (NYSE:DUK) from Sector Outperform to Sector Perform. Duke Energy earned $1.08 in the second quarter, compared to $1.12 in the year-ago quarter. The stock has a 52-week-high of $103.79 and a 52-week-low of $62.13. At the end of the last trading period, Duke Energy closed at $88.55.

* Citigroup downgraded the previous rating for Wanda Sports Group Co Ltd (NASDAQ:WSG) from Buy to Neutral. For the second quarter, Wanda Sports Group Co had an EPS of $0.05, compared to year-ago quarter EPS of $0.19. At the moment, the stock has a 52-week-high of $4.85 and a 52-week-low of $1.36. Wanda Sports Group Co closed at $2.32 at the end of the last trading period.

* According to JP Morgan, the prior rating for Cenovus Energy Inc (NYSE:CVE) was changed from Neutral to Underweight. For the second quarter, Cenovus Energy had an EPS of $0.25, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $10.52 and a 52-week-low of $1.41. At the end of the last trading period, Cenovus Energy closed at $3.90.

* For Selecta Biosciences Inc (NASDAQ:SELB), Mizuho downgraded the previous rating of Buy to the current rating Neutral. Selecta Biosciences earned $0.25 in the second quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.83 and a 52-week-low of $1.28. Selecta Biosciences closed at $2.48 at the end of the last trading period.



Initiations

* With a current rating of Buy, Maxim Group initiated coverage on Summit Wireless Technologies Inc (NASDAQ:WISA). The price target seems to have been set at $5.00 for Summit Wireless. Summit Wireless earned $0.90 in the second quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.37 and a 52-week-low of $0.18. Summit Wireless closed at $1.90 at the end of the last trading period.

* With a current rating of Buy, Argus Research initiated coverage on Cintas Corp (NASDAQ:CTAS). The price target seems to have been set at $360.00 for Cintas. In the first quarter, Cintas showed an EPS of $2.78, compared to $2.32 from the year-ago quarter. The current stock performance of Cintas shows a 52-week-high of $344.97 and a 52-week-low of $154.33. Moreover, at the end of the last trading period, the closing price was at $332.83.

* Berenberg initiated coverage on Sun Communities Inc (NYSE:SUI) with a Buy rating. The price target for Sun Communities is set to $170.00. Sun Communities earned $1.12 in the second quarter, compared to $1.18 in the year-ago quarter. The stock has a 52-week-high of $173.98 and a 52-week-low of $95.34. At the end of the last trading period, Sun Communities closed at $140.56.

* Berenberg initiated coverage on American Homes 4 Rent (NYSE:AMH) with a Buy rating. The price target for American Homes 4 Rent is set to $38.00. In the second quarter, American Homes 4 Rent showed an EPS of $0.27, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $30.14 and a 52-week-low of $17.50. At the end of the last trading period, American Homes 4 Rent closed at $28.50.

* Berenberg initiated coverage on Invitation Homes Inc (NYSE:INVH) with a Buy rating. The price target for Invitation Homes is set to $32.00. In the second quarter, Invitation Homes showed an EPS of $0.32, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.70 and a 52-week-low of $15.64. Invitation Homes closed at $27.97 at the end of the last trading period.

* Loop Capital initiated coverage on ViacomCBS Inc (NASDAQ:VIAC) with a Hold rating. The price target for ViacomCBS is set to $30.00. In the second quarter, ViacomCBS showed an EPS of $1.25, compared to $1.48 from the year-ago quarter. The stock has a 52-week-high of $43.04 and a 52-week-low of $10.10. At the end of the last trading period, ViacomCBS closed at $28.01.

* With a current rating of Overweight, KeyBanc initiated coverage on Papa John's International Inc (NASDAQ:PZZA). The price target seems to have been set at $94.00 for Papa John's International. Papa John's International earned $0.48 in the second quarter, compared to $0.28 in the year-ago quarter. The current stock performance of Papa John's International shows a 52-week-high of $102.25 and a 52-week-low of $28.55. Moreover, at the end of the last trading period, the closing price was at $82.28.

* B of A Securities initiated coverage on Enphase Energy Inc (NASDAQ:ENPH) with a Buy rating. The price target for Enphase Energy is set to $93.00. In the second quarter, Enphase Energy showed an EPS of $0.17, compared to $0.18 from the year-ago quarter. The current stock performance of Enphase Energy shows a 52-week-high of $84.72 and a 52-week-low of $17.18. Moreover, at the end of the last trading period, the closing price was at $82.59.

* Roth Capital initiated coverage on Humanigen Inc (NASDAQ:HGEN) with a Buy rating. The price target for Humanigen is set to $25.00. For the second quarter, Humanigen had an EPS of $0.16, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $33.95 and a 52-week-low of $3.40. Humanigen closed at $10.64 at the end of the last trading period.

* Jefferies initiated coverage on Snowflake Inc (NYSE:SNOW) with a Hold rating. The price target for Snowflake is set to $250.00. The current stock performance of Snowflake shows a 52-week-high of $278.26 and a 52-week-low of $208.55. Moreover, at the end of the last trading period, the closing price was at $251.62.

* HC Wainwright & Co. initiated coverage on Catabasis Pharmaceuticals Inc (NASDAQ:CATB) with a Buy rating. The price target for Catabasis Pharmaceuticals is set to $24.00. Catabasis Pharmaceuticals earned $0.53 in the second quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $8.59 and a 52-week-low of $2.74. At the end of the last trading period, Catabasis Pharmaceuticals closed at $6.19.

* With a current rating of Buy, Needham initiated coverage on DraftKings Inc (NASDAQ:DKNG). The price target seems to have been set at $70.00 for DraftKings. In the second quarter, DraftKings showed an EPS of $0.55, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.45 and a 52-week-low of $18.00. DraftKings closed at $58.84 at the end of the last trading period.

* For Domino's Pizza Inc (NYSE:DPZ), KeyBanc initiated coverage, by setting the current rating at Sector Weight. Domino's Pizza earned $2.99 in the second quarter, compared to $2.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $428.54 and a 52-week-low of $227.50. Domino's Pizza closed at $425.43 at the end of the last trading period.