Benzinga | Sep 16, 2020 10:28AM EDT

Benzinga's Top Upgrades, Downgrades For September 16, 2020

Upgrades

* For Jefferies Financial Group Inc (NYSE:JEF), Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, Jefferies Financial Group showed an EPS of $0.16, compared to $0.41 from the year-ago quarter. The current stock performance of Jefferies Financial Group shows a 52-week-high of $24.03 and a 52-week-low of $11.20. Moreover, at the end of the last trading period, the closing price was at $17.19.

* According to Evercore ISI Group, the prior rating for KB Home (NYSE:KBH) was changed from In-Line to Outperform. For the second quarter, KB Home had an EPS of $0.55, compared to year-ago quarter EPS of $0.51. At the moment, the stock has a 52-week-high of $40.51 and a 52-week-low of $9.82. KB Home closed at $36.89 at the end of the last trading period.

* According to Benchmark, the prior rating for Sirius XM Holdings Inc (NASDAQ:SIRI) was changed from Hold to Buy. Sirius XM Holdings earned $0.06 in the second quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $7.40 and a 52-week-low of $4.11. At the end of the last trading period, Sirius XM Holdings closed at $5.36.

* According to Deutsche Bank, the prior rating for Tapestry Inc (NYSE:TPR) was changed from Hold to Buy. Tapestry earned $0.25 in the fourth quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.40 and a 52-week-low of $10.18. Tapestry closed at $16.85 at the end of the last trading period.

* According to Guggenheim, the prior rating for The Kraft Heinz Co (NASDAQ:KHC) was changed from Sell to Neutral. In the second quarter, Kraft Heinz showed an EPS of $0.80, compared to $0.78 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.37 and a 52-week-low of $19.99. Kraft Heinz closed at $31.97 at the end of the last trading period.

* According to Stifel, the prior rating for Covetrus Inc (NASDAQ:CVET) was changed from Hold to Buy. In the second quarter, Covetrus showed an EPS of $0.27, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $25.21 and a 52-week-low of $4.04. At the end of the last trading period, Covetrus closed at $19.65.

* According to Goldman Sachs, the prior rating for Veeco Instruments Inc (NASDAQ:VECO) was changed from Neutral to Buy. In the second quarter, Veeco Instruments showed an EPS of $0.11, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $19.21 and a 52-week-low of $7.42. At the end of the last trading period, Veeco Instruments closed at $11.00.

* For BHP Group Ltd (NYSE:BHP), Jefferies upgraded the previous rating of Hold to the current rating Buy. At the moment, the stock has a 52-week-high of $58.35 and a 52-week-low of $29.78. BHP Group closed at $55.41 at the end of the last trading period.

* According to Citigroup, the prior rating for Endava PLC (NYSE:DAVA) was changed from Neutral to Buy. For the fourth quarter, Endava had an EPS of $0.29, compared to year-ago quarter EPS of $0.25. The current stock performance of Endava shows a 52-week-high of $58.64 and a 52-week-low of $27.21. Moreover, at the end of the last trading period, the closing price was at $56.70.

* According to RBC Capital, the prior rating for Lennar Corp (NYSE:LEN) was changed from Sector Perform to Outperform. In the third quarter, Lennar showed an EPS of $2.12, compared to $1.59 from the year-ago quarter. The current stock performance of Lennar shows a 52-week-high of $80.00 and a 52-week-low of $25.42. Moreover, at the end of the last trading period, the closing price was at $75.91.



Downgrades

* Roth Capital downgraded the previous rating for Wynn Resorts Ltd (NASDAQ:WYNN) from Buy to Neutral. Wynn Resorts earned $6.14 in the second quarter, compared to $1.44 in the year-ago quarter. The stock has a 52-week-high of $153.41 and a 52-week-low of $35.84. At the end of the last trading period, Wynn Resorts closed at $82.28.

* According to Susquehanna, the prior rating for Transocean Ltd (NYSE:RIG) was changed from Positive to Neutral. For the second quarter, Transocean had an EPS of $0.00, compared to year-ago quarter EPS of $0.34. At the moment, the stock has a 52-week-high of $7.28 and a 52-week-low of $0.76. Transocean closed at $1.06 at the end of the last trading period.

* HSBC downgraded the previous rating for Dow Inc (NYSE:DOW) from Hold to Reduce. In the second quarter, Dow showed an EPS of $0.26, compared to $0.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $56.25 and a 52-week-low of $21.95. Dow closed at $51.06 at the end of the last trading period.

* According to HSBC, the prior rating for LyondellBasell Industries NV (NYSE:LYB) was changed from Buy to Hold. LyondellBasell Industries earned $0.68 in the second quarter, compared to $2.70 in the year-ago quarter. At the moment, the stock has a 52-week-high of $98.91 and a 52-week-low of $33.71. LyondellBasell Industries closed at $76.53 at the end of the last trading period.



Initiations

* UBS initiated coverage on Acuity Brands Inc (NYSE:AYI) with a Sell rating. The price target for Acuity Brands is set to $91.00. In the third quarter, Acuity Brands showed an EPS of $1.94, compared to $2.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $143.55 and a 52-week-low of $67.46. Acuity Brands closed at $105.12 at the end of the last trading period.

* UBS initiated coverage on Amphenol Corp (NYSE:APH) with a Buy rating. The price target for Amphenol is set to $133.00. For the second quarter, Amphenol had an EPS of $0.81, compared to year-ago quarter EPS of $0.92. The current stock performance of Amphenol shows a 52-week-high of $113.25 and a 52-week-low of $63.05. Moreover, at the end of the last trading period, the closing price was at $108.30.

* With a current rating of Neutral, UBS initiated coverage on Fastenal Co (NASDAQ:FAST). The price target seems to have been set at $44.00 for Fastenal. Fastenal earned $0.42 in the second quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Fastenal shows a 52-week-high of $49.86 and a 52-week-low of $26.71. Moreover, at the end of the last trading period, the closing price was at $44.68.

* With a current rating of Buy, UBS initiated coverage on W.W. Grainger Inc (NYSE:GWW). The price target seems to have been set at $416.00 for W.W. Grainger. W.W. Grainger earned $3.75 in the second quarter, compared to $4.64 in the year-ago quarter. The stock has a 52-week-high of $371.87 and a 52-week-low of $200.61. At the end of the last trading period, W.W. Grainger closed at $354.66.

* With a current rating of Sell, UBS initiated coverage on Snap-on Inc (NYSE:SNA). The price target seems to have been set at $143.00 for Snap-on. In the second quarter, Snap-on showed an EPS of $1.91, compared to $3.22 from the year-ago quarter. The stock has a 52-week-high of $172.61 and a 52-week-low of $90.72. At the end of the last trading period, Snap-on closed at $152.95.

* With a current rating of Buy, Berenberg initiated coverage on WillScot Mobile Mini Holdings Corp (NASDAQ:WSC). The price target seems to have been set at $22.00 for WillScot Mobile Mini. For the second quarter, WillScot Mobile Mini had an EPS of $0.10, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $19.79 and a 52-week-low of $7.45. WillScot Mobile Mini closed at $16.86 at the end of the last trading period.

* With a current rating of Buy, UBS initiated coverage on TE Connectivity Ltd (NYSE:TEL). The price target seems to have been set at $130.00 for TE Connectivity. In the third quarter, TE Connectivity showed an EPS of $0.59, compared to $1.50 from the year-ago quarter. The current stock performance of TE Connectivity shows a 52-week-high of $101.57 and a 52-week-low of $48.62. Moreover, at the end of the last trading period, the closing price was at $100.99.

* Cowen & Co. initiated coverage on Paycom Software Inc (NYSE:PAYC) with an Outperform rating. The price target for Paycom Software is set to $325.00. Paycom Software earned $0.62 in the second quarter, compared to $0.75 in the year-ago quarter. The current stock performance of Paycom Software shows a 52-week-high of $342.00 and a 52-week-low of $163.42. Moreover, at the end of the last trading period, the closing price was at $280.04.

* Credit Suisse initiated coverage on Overstock.com Inc (NASDAQ:OSTK) with an Outperform rating. The price target for Overstock.com is set to $91.00. Overstock.com earned $0.72 in the second quarter, compared to $0.69 in the year-ago quarter. The current stock performance of Overstock.com shows a 52-week-high of $128.50 and a 52-week-low of $2.53. Moreover, at the end of the last trading period, the closing price was at $73.33.

* Loop Capital initiated coverage on PTC Inc (NASDAQ:PTC) with a Buy rating. The price target for PTC is set to $110.00. For the third quarter, PTC had an EPS of $0.62, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $97.67 and a 52-week-low of $43.90. PTC closed at $88.32 at the end of the last trading period.

* With a current rating of Neutral, Piper Sandler initiated coverage on Utz Brands Inc (NYSE:UTZ). The price target seems to have been set at $18.00 for Utz Brands. Moreover, at the end of the last trading period, the closing price was at $18.07.

* With a current rating of Overweight, Piper Sandler initiated coverage on Atlassian Corporation PLC (NASDAQ:TEAM). The price target seems to have been set at $212.00 for Atlassian Corporation. Atlassian Corporation earned $0.25 in the fourth quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $199.50 and a 52-week-low of $107.00. Atlassian Corporation closed at $171.02 at the end of the last trading period.

* With a current rating of Neutral, MKM Partners initiated coverage on Texas Roadhouse Inc (NASDAQ:TXRH). The price target seems to have been set at $68.00 for Texas Roadhouse. In the second quarter, Texas Roadhouse showed an EPS of $0.48, compared to $0.63 from the year-ago quarter. The stock has a 52-week-high of $72.49 and a 52-week-low of $25.15. At the end of the last trading period, Texas Roadhouse closed at $65.94.

* With a current rating of Outperform, Wedbush initiated coverage on Overstock.com Inc (NASDAQ:OSTK). The price target seems to have been set at $92.00 for Overstock.com. For the second quarter, Overstock.com had an EPS of $0.72, compared to year-ago quarter EPS of $0.69. The current stock performance of Overstock.com shows a 52-week-high of $128.50 and a 52-week-low of $2.53. Moreover, at the end of the last trading period, the closing price was at $73.33.