Benzinga | Aug 10, 2020 10:25AM EDT

Benzinga's Top Upgrades, Downgrades For August 10, 2020

Upgrades

* Bernstein upgraded the previous rating for FedEx Corp (NYSE:FDX) from Market Perform to Outperform. For the fourth quarter, FedEx had an EPS of $2.53, compared to year-ago quarter EPS of $5.01. The current stock performance of FedEx shows a 52-week-high of $183.88 and a 52-week-low of $88.69. Moreover, at the end of the last trading period, the closing price was at $183.53.

* According to Morgan Stanley, the prior rating for Pinterest Inc (NYSE:PINS) was changed from Equal-Weight to Overweight. In the second quarter, Pinterest showed an EPS of ($0.07), compared to ($0.06) from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.33 and a 52-week-low of $10.10. Pinterest closed at $35.03 at the end of the last trading period.

* Benchmark upgraded the previous rating for Adient PLC (NYSE:ADNT) from Hold to Buy. For the third quarter, Adient had an EPS of ($2.78), compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $29.27 and a 52-week-low of $5.90. At the end of the last trading period, Adient closed at $15.30.

* Credit Suisse upgraded the previous rating for Consolidated Edison Inc (NYSE:ED) from Underperform to Neutral. In the second quarter, Consolidated Edison showed an EPS of $0.60, compared to $0.58 from the year-ago quarter. The current stock performance of Consolidated Edison shows a 52-week-high of $95.10 and a 52-week-low of $62.03. Moreover, at the end of the last trading period, the closing price was at $75.09.

* For Fiverr International Ltd (NYSE:FVRR), Citigroup upgraded the previous rating of Neutral to the current rating Buy. For the second quarter, Fiverr International had an EPS of $0.10, compared to year-ago quarter EPS of ($0.19). The stock has a 52-week-high of $126.33 and a 52-week-low of $17.11. At the end of the last trading period, Fiverr International closed at $108.51.

* According to Barclays, the prior rating for Gates Industrial Corp PLC (NYSE:GTES) was changed from Equal-Weight to Overweight. In the second quarter, Gates Industrial Corp showed an EPS of $0.03, compared to $0.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.30 and a 52-week-low of $5.42. Gates Industrial Corp closed at $11.74 at the end of the last trading period.

* According to BTIG, the prior rating for TopBuild Corp (NYSE:BLD) was changed from Neutral to Buy. In the second quarter, TopBuild showed an EPS of $1.68, compared to $1.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $143.19 and a 52-week-low of $54.83. TopBuild closed at $141.81 at the end of the last trading period.

* Citigroup upgraded the previous rating for CF Industries Holdings Inc (NYSE:CF) from Neutral to Buy. In the second quarter, CF Industries Holdings showed an EPS of $0.89, compared to $1.12 from the year-ago quarter. The stock has a 52-week-high of $52.33 and a 52-week-low of $19.73. At the end of the last trading period, CF Industries Holdings closed at $33.14.



Downgrades

* According to B of A Securities, the prior rating for PRA Health Sciences Inc (NASDAQ:PRAH) was changed from Buy to Underperform. In the second quarter, PRA Health Sciences showed an EPS of $0.86, compared to $1.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $113.31 and a 52-week-low of $58.67. PRA Health Sciences closed at $106.61 at the end of the last trading period.

* According to Barclays, the prior rating for Kennametal Inc (NYSE:KMT) was changed from Overweight to Equal-Weight. In the fourth quarter, Kennametal showed an EPS of $0.15, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $38.73 and a 52-week-low of $14.45. At the end of the last trading period, Kennametal closed at $29.30.

* B of A Securities downgraded the previous rating for Olin Corp (NYSE:OLN) from Buy to Neutral. In the second quarter, Olin showed an EPS of ($0.75), compared to ($0.15) from the year-ago quarter. The stock has a 52-week-high of $19.82 and a 52-week-low of $8.76. At the end of the last trading period, Olin closed at $11.00.

* For Rayonier Inc (NYSE:RYN), Citigroup downgraded the previous rating of Buy to the current rating Neutral. Rayonier earned $0.11 in the second quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.10 and a 52-week-low of $15.96. Rayonier closed at $28.10 at the end of the last trading period.

* For Q2 Holdings Inc (NYSE:QTWO), Morgan Stanley downgraded the previous rating of Overweight to the current rating Equal-Weight. For the second quarter, Q2 Holdings had an EPS of $0.07, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $106.44 and a 52-week-low of $47.17. Q2 Holdings closed at $99.79 at the end of the last trading period.



Initiations

* UBS initiated coverage on Concrete Pumping Holdings Inc (NASDAQ:BBCP) with a Neutral rating. The price target for Concrete Pumping Holdings is set to $5.00. Concrete Pumping Holdings earned ($0.08) in the second quarter, compared to ($0.35) in the year-ago quarter. The stock has a 52-week-high of $6.10 and a 52-week-low of $1.82. At the end of the last trading period, Concrete Pumping Holdings closed at $4.18.

* With a current rating of Outperform, Credit Suisse initiated coverage on GoHealth Inc (NASDAQ:GOCO). The price target seems to have been set at $25.00 for GoHealth. At the moment, the stock has a 52-week-high of $20.47 and a 52-week-low of $16.40. GoHealth closed at $17.25 at the end of the last trading period.

* With a current rating of Market Outperform, JMP Securities initiated coverage on Trean Insurance Group Inc (NASDAQ:TIG). The price target seems to have been set at $20.00 for Trean Insurance Group. The current stock performance of Trean Insurance Group shows a 52-week-high of $16.76 and a 52-week-low of $15.00. Moreover, at the end of the last trading period, the closing price was at $16.40.

* With a current rating of Buy, Alliance Global Partners initiated coverage on PolyPid Ltd (NASDAQ:PYPD). The price target seems to have been set at $27.00 for PolyPid. The stock has a 52-week-high of $16.28 and a 52-week-low of $13.72. At the end of the last trading period, PolyPid closed at $14.21.

* For Ncino Inc (NASDAQ:NCNO), Raymond James initiated coverage, by setting the current rating at Market Perform. The current stock performance of Ncino shows a 52-week-high of $80.90 and a 52-week-low of $71.25. Moreover, at the end of the last trading period, the closing price was at $75.37.

* Goldman Sachs initiated coverage on GoHealth Inc (NASDAQ:GOCO) with a Buy rating. The price target for GoHealth is set to $21.00. The current stock performance of GoHealth shows a 52-week-high of $20.47 and a 52-week-low of $16.40. Moreover, at the end of the last trading period, the closing price was at $17.25.

* With a current rating of Buy, Citigroup initiated coverage on OraSure Technologies Inc (NASDAQ:OSUR). The price target seems to have been set at $18.00 for OraSure Technologies. OraSure Technologies earned ($0.16) in the second quarter, compared to $0.07 in the year-ago quarter. The current stock performance of OraSure Technologies shows a 52-week-high of $19.75 and a 52-week-low of $5.23. Moreover, at the end of the last trading period, the closing price was at $14.05.

* Canaccord Genuity initiated coverage on Verona Pharma PLC (NASDAQ:VRNA) with a Buy rating. The price target for Verona Pharma is set to $17.00. In the first quarter, Verona Pharma showed an EPS of ($0.12), compared to ($0.07) from the year-ago quarter. The current stock performance of Verona Pharma shows a 52-week-high of $15.71 and a 52-week-low of $2.01. Moreover, at the end of the last trading period, the closing price was at $7.83.

* KeyBanc initiated coverage on Ncino Inc (NASDAQ:NCNO) with an Overweight rating. The price target for Ncino is set to $90.00. The current stock performance of Ncino shows a 52-week-high of $80.90 and a 52-week-low of $71.25. Moreover, at the end of the last trading period, the closing price was at $75.37.