Benzinga | Sep 23, 2020 09:33AM EDT

Benzinga's Top Upgrades, Downgrades For September 23, 2020

Upgrades

* For Winnebago Industries Inc (NYSE:WGO), Wolfe Research upgraded the previous rating of Peer Perform to the current rating Outperform. In the third quarter, Winnebago Industries showed an EPS of $0.26, compared to $1.14 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.65 and a 52-week-low of $16.94. Winnebago Industries closed at $51.52 at the end of the last trading period.

* For Tesla Inc (NASDAQ:TSLA), Deutsche Bank upgraded the previous rating of Hold to the current rating Buy. For the second quarter, Tesla had an EPS of $2.18, compared to year-ago quarter EPS of $1.12. The current stock performance of Tesla shows a 52-week-high of $502.49 and a 52-week-low of $43.67. Moreover, at the end of the last trading period, the closing price was at $424.23.

* According to Jefferies, the prior rating for NiSource Inc (NYSE:NI) was changed from Hold to Buy. NiSource earned $0.13 in the second quarter, compared to $0.05 in the year-ago quarter. The current stock performance of NiSource shows a 52-week-high of $30.67 and a 52-week-low of $19.56. Moreover, at the end of the last trading period, the closing price was at $22.08.

* Barclays upgraded the previous rating for Leidos Holdings Inc (NYSE:LDOS) from Equal-Weight to Overweight. In the second quarter, Leidos Holdings showed an EPS of $1.55, compared to $1.16 from the year-ago quarter. The current stock performance of Leidos Holdings shows a 52-week-high of $125.84 and a 52-week-low of $68.00. Moreover, at the end of the last trading period, the closing price was at $91.66.

* According to BMO Capital, the prior rating for Hasbro Inc (NASDAQ:HAS) was changed from Market Perform to Outperform. Hasbro earned $0.02 in the second quarter, compared to $0.78 in the year-ago quarter. The current stock performance of Hasbro shows a 52-week-high of $123.05 and a 52-week-low of $41.33. Moreover, at the end of the last trading period, the closing price was at $75.45.

* For Greif Inc (NYSE:GEF), BMO Capital upgraded the previous rating of Underperform to the current rating Market Perform. Greif earned $0.85 in the third quarter, compared to $1.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $50.37 and a 52-week-low of $23.65. Greif closed at $35.15 at the end of the last trading period.

* Deutsche Bank upgraded the previous rating for Nike Inc (NYSE:NKE) from Hold to Buy. For the first quarter, Nike had an EPS of $0.95, compared to year-ago quarter EPS of $0.86. At the moment, the stock has a 52-week-high of $120.48 and a 52-week-low of $60.00. Nike closed at $116.98 at the end of the last trading period.

* For CME Group Inc (NASDAQ:CME), Atlantic Equities upgraded the previous rating of Neutral to the current rating Overweight. In the second quarter, CME Group showed an EPS of $1.63, compared to $1.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $225.36 and a 52-week-low of $131.80. CME Group closed at $166.59 at the end of the last trading period.

* For CSX Corp (NASDAQ:CSX), Atlantic Equities upgraded the previous rating of Neutral to the current rating Overweight. For the second quarter, CSX had an EPS of $0.65, compared to year-ago quarter EPS of $1.08. At the moment, the stock has a 52-week-high of $81.40 and a 52-week-low of $46.81. CSX closed at $77.93 at the end of the last trading period.

* HC Wainwright & Co. upgraded the previous rating for Cassava Sciences Inc (NASDAQ:SAVA) from Neutral to Buy. For the second quarter, Cassava Sciences had an EPS of $0.05, compared to year-ago quarter EPS of $0.06. The current stock performance of Cassava Sciences shows a 52-week-high of $11.25 and a 52-week-low of $1.05. Moreover, at the end of the last trading period, the closing price was at $10.45.

* According to Wells Fargo, the prior rating for ZoomInfo Technologies Inc (NASDAQ:ZI) was changed from Equal-Weight to Overweight. In the second quarter, ZoomInfo Technologies earned $0.07. The current stock performance of ZoomInfo Technologies shows a 52-week-high of $64.40 and a 52-week-low of $30.83. Moreover, at the end of the last trading period, the closing price was at $34.42.

* According to Pivotal Research, the prior rating for Twitter Inc (NYSE:TWTR) was changed from Hold to Buy. Twitter earned $1.39 in the second quarter, compared to $0.20 in the year-ago quarter. The stock has a 52-week-high of $44.09 and a 52-week-low of $20.00. At the end of the last trading period, Twitter closed at $42.75.



Downgrades

* According to JP Morgan, the prior rating for Waste Management Inc (NYSE:WM) was changed from Neutral to Underweight. Waste Management earned $0.88 in the second quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $126.79 and a 52-week-low of $85.34. At the end of the last trading period, Waste Management closed at $114.95.

* For Vaccinex Inc (NASDAQ:VCNX), BTIG downgraded the previous rating of Buy to the current rating Neutral. Vaccinex earned $0.39 in the second quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.23 and a 52-week-low of $2.26. Vaccinex closed at $2.32 at the end of the last trading period.

* For Stag Industrial Inc (NYSE:STAG), Baird downgraded the previous rating of Outperform to the current rating Neutral. Stag Industrial earned $0.47 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $34.09 and a 52-week-low of $17.54. At the end of the last trading period, Stag Industrial closed at $31.03.

* According to JP Morgan, the prior rating for Republic Services Inc (NYSE:RSG) was changed from Overweight to Neutral. In the second quarter, Republic Services showed an EPS of $0.81, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $100.91 and a 52-week-low of $65.37. At the end of the last trading period, Republic Services closed at $95.10.

* For Discovery Inc (NASDAQ:DISCA), JP Morgan downgraded the previous rating of Overweight to the current rating Neutral. Discovery earned $0.77 in the second quarter, compared to $1.61 in the year-ago quarter. The current stock performance of Discovery shows a 52-week-high of $33.66 and a 52-week-low of $17.12. Moreover, at the end of the last trading period, the closing price was at $22.33.

* For Autoliv Inc (NYSE:ALV), Exane BNP Paribas downgraded the previous rating of Outperform to the current rating Neutral. For the second quarter, Autoliv had an EPS of $1.40, compared to year-ago quarter EPS of $1.38. The stock has a 52-week-high of $87.01 and a 52-week-low of $38.16. At the end of the last trading period, Autoliv closed at $71.64.

* According to B of A Securities, the prior rating for American Express Co (NYSE:AXP) was changed from Neutral to Underperform. For the second quarter, American Express had an EPS of $0.29, compared to year-ago quarter EPS of $2.07. The stock has a 52-week-high of $138.13 and a 52-week-low of $67.00. At the end of the last trading period, American Express closed at $98.49.

* For KB Home (NYSE:KBH), KeyBanc downgraded the previous rating of Overweight to the current rating Sector Weight. In the third quarter, KB Home showed an EPS of $0.83, compared to $0.73 from the year-ago quarter. The stock has a 52-week-high of $40.86 and a 52-week-low of $9.82. At the end of the last trading period, KB Home closed at $40.49.



Initiations

* With a current rating of Buy, UBS initiated coverage on Arista Networks Inc (NYSE:ANET). The price target seems to have been set at $260.00 for Arista Networks. For the second quarter, Arista Networks had an EPS of $2.11, compared to year-ago quarter EPS of $2.44. At the moment, the stock has a 52-week-high of $267.30 and a 52-week-low of $156.63. Arista Networks closed at $199.87 at the end of the last trading period.

* With a current rating of Outperform, Wolfe Research initiated coverage on US Foods Holding Corp (NYSE:USFD). The price target seems to have been set at $28.00 for US Foods Hldg. For the second quarter, US Foods Hldg had an EPS of $0.25, compared to year-ago quarter EPS of $0.64. At the moment, the stock has a 52-week-high of $43.03 and a 52-week-low of $8.32. US Foods Hldg closed at $23.76 at the end of the last trading period.

* For Sysco Corp (NYSE:SYY), Wolfe Research initiated coverage, by setting the current rating at Peer Perform. Sysco earned $0.29 in the fourth quarter, compared to $1.10 in the year-ago quarter. The current stock performance of Sysco shows a 52-week-high of $85.98 and a 52-week-low of $26.00. Moreover, at the end of the last trading period, the closing price was at $64.02.

* With a current rating of Buy, B. Riley FBR initiated coverage on Sunnova Energy International Inc (NYSE:NOVA). The price target seems to have been set at $30.00 for Sunnova Energy Intl. 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 $29.61 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $26.10.

* Wolfe Research initiated coverage on Performance Food Group Co (NYSE:PFGC) with an Outperform rating. The price target for Performance Food Group is set to $43.00. In the fourth quarter, Performance Food Group showed an EPS of $0.86, compared to $0.70 from the year-ago quarter. The current stock performance of Performance Food Group shows a 52-week-high of $54.49 and a 52-week-low of $7.41. Moreover, at the end of the last trading period, the closing price was at $35.31.

* Wolfe Research initiated coverage on MarineMax Inc (NYSE:HZO) with an Outperform rating. The price target for MarineMax is set to $29.00. MarineMax earned $1.58 in the third quarter, compared to $0.84 in the year-ago quarter. The stock has a 52-week-high of $34.05 and a 52-week-low of $7.25. At the end of the last trading period, MarineMax closed at $25.88.

* National Securities initiated coverage on Horizon Technology Finance Corp (NASDAQ:HRZN) with a Neutral rating. In the second quarter, Horizon Tech Finance showed an EPS of $0.40, compared to $0.37 from the year-ago quarter. The current stock performance of Horizon Tech Finance shows a 52-week-high of $13.78 and a 52-week-low of $4.51. Moreover, at the end of the last trading period, the closing price was at $12.10.

* BMO Capital initiated coverage on Cornerstone OnDemand Inc (NASDAQ:CSOD) with a Market Perform rating. The price target for Cornerstone OnDemand is set to $39.00. For the second quarter, Cornerstone OnDemand had an EPS of $0.40, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $64.45 and a 52-week-low of $22.22. At the end of the last trading period, Cornerstone OnDemand closed at $34.68.

* Wolfe Research initiated coverage on Carrols Restaurant Group Inc (NASDAQ:TAST) with an Outperform rating. The price target for Carrols Restaurant Group is set to $8.00. In the second quarter, Carrols Restaurant Group showed an EPS of $0.16, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.74 and a 52-week-low of $0.98. Carrols Restaurant Group closed at $6.52 at the end ofthe last trading period.

* William Blair initiated coverage on 9 Meters Biopharma Inc (NASDAQ:NMTR) with an Outperform rating. The price target for 9 Meters Biopharma is set to $5.00. 9 Meters Biopharma earned $0.57 in the second quarter, compared to $0.13 in the year-ago quarter. The current stock performance of 9 Meters Biopharma shows a 52-week-high of $1.11 and a 52-week-low of $0.44. Moreover, at the end of the last trading period, the closing price was at $0.69.

* With a current rating of Buy, BTIG initiated coverage on MediWound Ltd (NASDAQ:MDWD). The price target seems to have been set at $6.00 for MediWound. MediWound earned $0.11 in the second quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.44 and a 52-week-low of $1.44. MediWound closed at $3.58 at the end of the last trading period.

* Baird initiated coverage on Neoleukin Therapeutics Inc (NASDAQ:NLTX) with an Outperform rating. The price target for Neoleukin Therapeutics is set to $25.00. Neoleukin Therapeutics earned $0.20 in the second quarter, compared to $0.00 in the year-ago quarter. The current stock performance of Neoleukin Therapeutics shows a 52-week-high of $18.13 and a 52-week-low of $2.53. Moreover, at the end of the last trading period, the closing price was at $11.83.

* With a current rating of Outperform, Bernstein initiated coverage on Trimble Inc (NASDAQ:TRMB). The price target seems to have been set at $61.00 for Trimble. In the second quarter, Trimble showed an EPS of $0.52, compared to $0.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $54.51 and a 52-week-low of $20.01. Trimble closed at $48.55 at the end of the last trading period.

* With a current rating of Outperform, Bernstein initiated coverage on Cummins Inc (NYSE:CMI). The price target seems to have been set at $255.00 for Cummins. Cummins earned $1.95 in the second quarter, compared to $4.27 in the year-ago quarter. The stock has a 52-week-high of $215.43 and a 52-week-low of $101.03. At the end of the last trading period, Cummins closed at $204.30.

* Bernstein initiated coverage on AGCO Corp (NYSE:AGCO) with an Outperform rating. In the second quarter, AGCO showed an EPS of $1.11, compared to $1.82 from the year-ago quarter. At the moment, the stock has a 52-week-high of $81.39 and a 52-week-low of $35.33. AGCO closed at $71.74 at the end of the last trading period.

* Bernstein initiated coverage on Jacobs Engineering Group Inc (NYSE:J) with an Outperform rating. In the third quarter, Jacobs Engineering Group showed an EPS of $1.26, compared to $1.24 from the year-ago quarter. The current stock performance of Jacobs Engineering Group shows a 52-week-high of $104.00 and a 52-week-low of $59.29. Moreover, at the end of the last trading period, the closing price was at $91.33.

* Bernstein initiated coverage on Quanta Services Inc (NYSE:PWR) with an Outperform rating. The price target for Quanta Services is set to $62.00. In the second quarter, Quanta Services showed an EPS of $0.74, compared to $0.85 from the year-ago quarter. At the moment, the stock has a 52-week-high of $53.61 and a 52-week-low of $23.77. Quanta Services closed at $50.08 at the end of the last trading period.

* Bernstein initiated coverage on Deere & Co (NYSE:DE) with a Market Perform rating. The price target for Deere is set to $244.00. Deere earned $2.57 in the third quarter, compared to $2.71 in the year-ago quarter. At the moment, the stock has a 52-week-high of $225.38 and a 52-week-low of $106.14. Deere closed at $217.58 at the end of the last trading period.

* With a current rating of Market Perform, Bernstein initiated coverage on Oshkosh Corp (NYSE:OSK). The price target seems to have been set at $83.00 for Oshkosh. For the third quarter, Oshkosh had an EPS of $1.29, compared to year-ago quarter EPS of $2.72. The stock has a 52-week-high of $95.62 and a 52-week-low of $46.72. At the end of the last trading period, Oshkosh closed at $72.61.

* Bernstein initiated coverage on PACCAR Inc (NASDAQ:PCAR) with a Market Perform rating. The price target for PACCAR is set to $94.00. In the second quarter, PACCAR showed an EPS of $0.43, compared to $1.78 from the year-ago quarter. The stock has a 52-week-high of $91.30 and a 52-week-low of $49.11. At the end of the last trading period, PACCAR closed at $82.34.

* Bernstein initiated coverage on United Rentals Inc (NYSE:URI) with a Market Perform rating. The price target for United Rentals is set to $188.00. United Rentals earned $3.68 in the second quarter, compared to $4.74 in the year-ago quarter. The stock has a 52-week-high of $186.78 and a 52-week-low of $58.85. At the end of the last trading period, United Rentals closed at $167.90.