Benzinga | Oct 6, 2020 10:14AM EDT

Benzinga's Top Upgrades, Downgrades For October 6, 2020

Upgrades

* For SunPower Corp (NASDAQ:SPWR), GLJ Research upgraded the previous rating of Sell to the current rating Buy. For the second quarter, SunPower had an EPS of $0.22, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $15.94 and a 52-week-low of $4.03. SunPower closed at $15.56 at the end of the last trading period.

* According to Mizuho, 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 $56.71.

* Credit Suisse upgraded the previous rating for SeaWorld Entertainment Inc (NYSE:SEAS) from Neutral to Outperform. SeaWorld Entertainment earned $1.68 in the second quarter, compared to $0.64 in the year-ago quarter. The current stock performance of SeaWorld Entertainment shows a 52-week-high of $36.96 and a 52-week-low of $6.75. Moreover, at the end of the last trading period, the closing price was at $20.55.

* According to Barclays, the prior rating for Costco Wholesale Corp (NASDAQ:COST) was changed from Equal-Weight to Overweight. In the fourth quarter, Costco Wholesale showed an EPS of $3.13, compared to $2.69 from the year-ago quarter. The stock has a 52-week-high of $363.67 and a 52-week-low of $271.28. At the end of the last trading period, Costco Wholesale closed at $358.58.

* William Blair upgraded the previous rating for Beacon Roofing Supply Inc (NASDAQ:BECN) from Market Perform to Outperform. Beacon Roofing Supply earned $1.01 in the third quarter, compared to $0.32 in the year-ago quarter. The stock has a 52-week-high of $36.78 and a 52-week-low of $11.66. At the end of the last trading period, Beacon Roofing Supply closed at $32.66.

* According to JP Morgan, the prior rating for Advance Auto Parts Inc (NYSE:AAP) was changed from Neutral to Overweight. Advance Auto Parts earned $2.92 in the second quarter, compared to $2.00 in the year-ago quarter. The stock has a 52-week-high of $171.43 and a 52-week-low of $71.33. At the end of the last trading period, Advance Auto Parts closed at $155.91.

* For Northrop Grumman Corp (NYSE:NOC), RBC Capital upgraded the previous rating of Sector Perform to the current rating Outperform. Northrop Grumman earned $6.01 in the second quarter, compared to $5.06 in the year-ago quarter. The stock has a 52-week-high of $385.00 and a 52-week-low of $263.31. At the end of the last trading period, Northrop Grumman closed at $312.01.

* For Trinseo SA (NYSE:TSE), Jefferies upgraded the previous rating of Hold to the current rating Buy. Trinseo earned $2.95 in the second quarter, compared to $0.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $50.14 and a 52-week-low of $14.16. Trinseo closed at $27.51 at the end of the last trading period.

* For Extra Space Storage Inc (NYSE:EXR), Raymond James upgraded the previous rating of Underperform to the current rating Market Perform. In the second quarter, Extra Space Storage showed an EPS of $1.23, compared to $1.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $117.83 and a 52-week-low of $72.70. Extra Space Storage closed at $112.89 at the end of the last trading period.



Downgrades

* According to Wedbush, the prior rating for MyoKardia Inc (NASDAQ:MYOK) was changed from Outperform to Neutral. In the second quarter, MyoKardia showed an EPS of $1.27, compared to $0.83 from the year-ago quarter. The current stock performance of MyoKardia shows a 52-week-high of $224.00 and a 52-week-low of $42.65. Moreover, at the end of the last trading period, the closing price was at $220.34.

* For Iovance Biotherapeutics Inc (NASDAQ:IOVA), Wells Fargo downgraded the previous rating of Overweight to the current rating Equal-Weight. For the second quarter, Iovance Biotherapeutics had an EPS of $0.47, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $41.49 and a 52-week-low of $17.78. Iovance Biotherapeutics closed at $32.06 at the end of the last trading period.

* For AXT Inc (NASDAQ:AXTI), B. Riley FBR downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, AXT showed an EPS of $0.01, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.74 and a 52-week-low of $1.85. AXT closed at $6.55 at the end of the last trading period.

* Credit Suisse downgraded the previous rating for MyoKardia Inc (NASDAQ:MYOK) from Outperform to Neutral. In the second quarter, MyoKardia showed an EPS of $1.27, compared to $0.83 from the year-ago quarter. The stock has a 52-week-high of $224.00 and a 52-week-low of $42.65. At the end of the last trading period, MyoKardia closed at $220.34.

* BMO Capital downgraded the previous rating for Bright Horizons Family Solutions Inc (NYSE:BFAM) from Outperform to Market Perform. For the second quarter, Bright Horizons Family had an EPS of $0.44, compared to year-ago quarter EPS of $0.99. The current stock performance of Bright Horizons Family shows a 52-week-high of $176.98 and a 52-week-low of $64.23. Moreover, at the end of the last trading period, the closing price was at $157.98.

* For Eidos Therapeutics Inc (NASDAQ:EIDX), BMO Capital downgraded the previous rating of Outperform to the current rating Market Perform. In the second quarter, Eidos Therapeutics showed an EPS of $0.75, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $74.75 and a 52-week-low of $28.39. At the end of the last trading period, Eidos Therapeutics closed at $73.51.

* For Miragen Therapeutics Inc (NASDAQ:MGEN), HC Wainwright & Co. downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, Miragen Therapeutics showed an EPS of $0.12, compared to $0.29 from the year-ago quarter. The current stock performance of Miragen Therapeutics shows a 52-week-high of $2.27 and a 52-week-low of $0.31. Moreover, at the end of the last trading period, the closing price was at $0.76.

* According to Raymond James, the prior rating for Public Storage (NYSE:PSA) was changed from Market Perform to Underperform. Public Storage earned $2.46 in the second quarter, compared to $2.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $249.03 and a 52-week-low of $155.37. Public Storage closed at $232.16 at the end of the last trading period.



Initiations

* Evercore ISI Group initiated coverage on Global Blood Therapeutics Inc (NASDAQ:GBT) with an Outperform rating. The price target for Global Blood Therapeutics is set to $102.00. Global Blood Therapeutics earned $0.86 in the second quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $87.54 and a 52-week-low of $39.95. At the end of the last trading period, Global Blood Therapeutics closed at $61.79.

* Northland Capital Markets initiated coverage on Stryker Corp (NYSE:SYK) with a Market Perform rating. The price target for Stryker is set to $225.00. Stryker earned $0.64 in the second quarter, compared to $1.98 in the year-ago quarter. At the moment, the stock has a 52-week-high of $226.30 and a 52-week-low of $124.54. Stryker closed at $213.99 at the end of the last trading period.

* Citigroup initiated coverage on Arcturus Therapeutics Holdings Inc (NASDAQ:ARCT) with a Buy rating. The price target for Arcturus Therapeutics is set to $65.00. Arcturus Therapeutics earned $0.55 in the second quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $66.24 and a 52-week-low of $8.51. At the end of the last trading period, Arcturus Therapeutics closed at $49.97.

* With a current rating of Equal-Weight, Wells Fargo initiated coverage on MyoKardia Inc (NASDAQ:MYOK). The price target seems to have been set at $225.00 for MyoKardia. For the second quarter, MyoKardia had an EPS of $1.27, compared to year-ago quarter EPS of $0.83. At the moment, the stock has a 52-week-high of $224.00 and a 52-week-low of $42.65. MyoKardia closed at $220.34 at the end of the last trading period.

* Rosenblatt initiated coverage on Advanced Energy Industries Inc (NASDAQ:AEIS) with a Buy rating. For the second quarter, Advanced Energy Indus had an EPS of $1.18, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $82.26 and a 52-week-low of $33.38. Advanced Energy Indus closed at $64.69 at the end of the last trading period.

* BTIG initiated coverage on BlackLine Inc (NASDAQ:BL) with a Buy rating. The price target for BlackLine is set to $107.00. In the second quarter, BlackLine showed an EPS of $0.20, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $94.06 and a 52-week-low of $38.32. At the end of the last trading period, BlackLine closed at $88.26.

* JMP Securities initiated coverage on Generac Holdings Inc (NYSE:GNRC) with a Market Outperform rating. The price target for Generac Hldgs is set to $285.00. For the second quarter, Generac Hldgs had an EPS of $1.40, compared to year-ago quarter EPS of $1.20. The current stock performance of Generac Hldgs shows a 52-week-high of $208.26 and a 52-week-low of $75.50. Moreover, at the end of the last trading period, the closing price was at $207.72.

* BTIG initiated coverage on Medallia Inc (NYSE:MDLA) with a Buy rating. The price target for Medallia is set to $37.00. For the second quarter, Medallia had an EPS of $0.01, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $40.20 and a 52-week-low of $16.04. At the end of the last trading period, Medallia closed at $28.05.

* Oppenheimer initiated coverage on MSCI Inc (NYSE:MSCI) with an Outperform rating. The price target for MSCI is set to $416.00. MSCI earned $1.77 in the second quarter, compared to $1.54 in the year-ago quarter. At the moment, the stock has a 52-week-high of $398.49 and a 52-week-low of $213.01. MSCI closed at $351.39 at the end of the last trading period.

* With a current rating of Overweight, JP Morgan initiated coverage on Madison Square Garden Entertainment Corp (NYSE:MSGE). The price target seems to have been set at $100.00 for Madison Square Garden. In the fourth quarter, Madison Square Garden earned $3.58. The stock has a 52-week-high of $87.20 and a 52-week-low of $62.50. At the end of the last trading period, Madison Square Garden closed at $69.50.

* For Pluralsight Inc (NASDAQ:PS), BTIG initiated coverage, by setting the current rating at Neutral. For the second quarter, Pluralsight had an EPS of $0.02, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $22.69 and a 52-week-low of $6.59. At the end of the last trading period, Pluralsight closed at $16.55.

* Guggenheim initiated coverage on Bill.com Holdings Inc (NYSE:BILL) with a Buy rating. The price target for Bill.com Holdings is set to $115.00. Interestingly, in the fourth quarter, Bill.com Holdings's EPS was $0.02. At the moment, the stock has a 52-week-high of $107.41 and a 52-week-low of $23.61. Bill.com Holdings closed at $101.83 at the end of the last trading period.

* Needham initiated coverage on Equifax Inc (NYSE:EFX) with a Buy rating. The price target for Equifax is set to $200.00. Equifax earned $1.60 in the second quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $181.76 and a 52-week-low of $103.01. Equifax closed at $159.83 at the end of the last trading period.