Benzinga | Aug 31, 2020 09:31AM EDT

Benzinga's Top Upgrades, Downgrades For August 31, 2020

Upgrades

* For Premier Inc (NASDAQ:PINC), Guggenheim upgraded the previous rating of Neutral to the current rating Buy. In the fourth quarter, Premier showed an EPS of $0.58, compared to $0.68 from the year-ago quarter. The stock has a 52-week-high of $39.70 and a 52-week-low of $27.11. At the end of the last trading period, Premier closed at $31.44.

* Stephens & Co. upgraded the previous rating for CSX Corp (NASDAQ:CSX) from Equal-Weight to Overweight. In the second quarter, CSX showed an EPS of $0.65, compared to $1.08 from the year-ago quarter. The current stock performance of CSX shows a 52-week-high of $80.62 and a 52-week-low of $46.81. Moreover, at the end of the last trading period, the closing price was at $77.07.

* For Healthcare Trust of America Inc (NYSE:HTA), Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. Healthcare Trust earned $0.42 in the second quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $34.22 and a 52-week-low of $20.61. At the end of the last trading period, Healthcare Trust closed at $26.15.

* For Beyond Meat Inc (NASDAQ:BYND), Citigroup upgraded the previous rating of Sell to the current rating Neutral. For the second quarter, Beyond Meat had an EPS of $0.02, compared to year-ago quarter EPS of $0.06. The current stock performance of Beyond Meat shows a 52-week-high of $172.29 and a 52-week-low of $48.18. Moreover, at the end of the last trading period, the closing price was at $131.02.



Downgrades

* For Walmart Inc (NYSE:WMT), R5 Capital downgraded the previous rating of Buy to the current rating Hold. For the second quarter, Walmart had an EPS of $1.56, compared to year-ago quarter EPS of $1.27. At the moment, the stock has a 52-week-high of $141.07 and a 52-week-low of $102.00. Walmart closed at $140.28 at the end of the last trading period.

* According to Citigroup, the prior rating for Noble Energy Inc (NASDAQ:NBL) was changed from Buy to Neutral. In the second quarter, Noble Energy showed an EPS of $0.24, compared to $0.10 from the year-ago quarter. The current stock performance of Noble Energy shows a 52-week-high of $27.31 and a 52-week-low of $2.73. Moreover, at the end of the last trading period, the closing price was at $10.18.

* According to Needham, the prior rating for NeoPhotonics Corp (NYSE:NPTN) was changed from Buy to Hold. In the second quarter, NeoPhotonics showed an EPS of $0.16, compared to $0.03 from the year-ago quarter. The current stock performance of NeoPhotonics shows a 52-week-high of $10.34 and a 52-week-low of $4.65. Moreover, at the end of the last trading period, the closing price was at $6.91.

* For Vail Resorts Inc (NYSE:MTN), KeyBanc downgraded the previous rating of Overweight to the current rating Sector Weight. Vail Resorts earned $4.29 in the third quarter, compared to $7.12 in the year-ago quarter. The stock has a 52-week-high of $255.37 and a 52-week-low of $125.00. At the end of the last trading period, Vail Resorts closed at $225.29.



Initiations

* With a current rating of Outperform, Cowen & Co. initiated coverage on Virgin Galactic Holdings Inc (NYSE:SPCE). The price target seems to have been set at $22.00 for Virgin Galactic Hldgs. In the second quarter, Virgin Galactic Hldgs showed an EPS of $0.30, compared to $0.23 from the year-ago quarter. The current stock performance of Virgin Galactic Hldgs shows a 52-week-high of $42.49 and a 52-week-low of $6.90. Moreover, at the end of the last trading period, the closing price was at $17.47.

* With a current rating of Neutral, Credit Suisse initiated coverage on Rocket Companies Inc (NYSE:RKT). The price target seems to have been set at $29.00 for Rocket Companies. At the moment, the stock has a 52-week-high of $29.96 and a 52-week-low of $18.31. Rocket Companies closed at $28.41 at the end of the last trading period.

* With a current rating of Buy, B of A Securities initiated coverage on Rocket Companies Inc (NYSE:RKT). The price target seems to have been set at $32.00 for Rocket Companies. At the moment, the stock has a 52-week-high of $29.96 and a 52-week-low of $18.31. Rocket Companies closed at $28.41 at the end of the last trading period.

* Credit Suisse initiated coverage on Rackspace Technology Inc (NASDAQ:RXT) with an Outperform rating. The price target for Rackspace Technology is set to $27.00. At the moment, the stock has a 52-week-high of $20.10 and a 52-week-low of $15.69. Rackspace Technology closed at $19.33 at the end of the last trading period.

* Goldman Sachs initiated coverage on Oak Street Health Inc (NYSE:OSH) with a Buy rating. The price target for Oak Street Health is set to $66.00. The current stock performance of Oak Street Health shows a 52-week-high of $47.41 and a 52-week-low of $40.84. Moreover, at the end of the last trading period, the closing price was at $45.35.

* Raymond James initiated coverage on BigCommerce Holdings Inc (NASDAQ:BIGC) with a Market Perform rating. At the moment, the stock has a 52-week-high of $162.50 and a 52-week-low of $63.77. BigCommerce Holdings closed at $130.98 at the end of the last trading period.

* For Acutus Medical Inc (NASDAQ:AFIB), William Blair initiated coverage, by setting the current rating at Outperform. At the end of the last trading period, Acutus Medical closed at $30.96.

* With a current rating of Overweight, JP Morgan initiated coverage on Rackspace Technology Inc (NASDAQ:RXT). The price target seems to have been set at $28.00 for Rackspace Technology. The stock has a 52-week-high of $20.10 and a 52-week-low of $15.69. At the end of the last trading period, Rackspace Technology closed at $19.33.

* With a current rating of Buy, Goldman Sachs initiated coverage on Rackspace Technology Inc (NASDAQ:RXT). The price target seems to have been set at $44.00 for Rackspace Technology. The stock has a 52-week-high of $20.10 and a 52-week-low of $15.69. At the end of the last trading period, Rackspace Technology closed at $19.33.

* With a current rating of Equal-Weight, Wells Fargo initiated coverage on Rocket Companies Inc (NYSE:RKT). The price target seems to have been set at $29.00 for Rocket Companies. The current stock performance of Rocket Companies shows a 52-week-high of $29.96 and a 52-week-low of $18.31. Moreover, at the end of the last trading period, the closing price was at $28.41.

* With a current rating of Overweight, JP Morgan initiated coverage on Oak Street Health Inc (NYSE:OSH). The price target seems to have been set at $52.00 for Oak Street Health. The stock has a 52-week-high of $47.41 and a 52-week-low of $40.84. At the end of the last trading period, Oak Street Health closed at $45.35.

* Morgan Stanley initiated coverage on BigCommerce Holdings Inc (NASDAQ:BIGC) with an Underweight rating. The price target for BigCommerce Holdings is set to $52.00. The stock has a 52-week-high of $162.50 and a 52-week-low of $63.77. At the end of the last trading period, BigCommerce Holdings closed at $130.98.