Benzinga | Aug 7, 2020 09:34AM EDT

Benzinga's Top Upgrades, Downgrades For August 7, 2020

Upgrades

* For Universal Display Corp (NASDAQ:OLED), Needham upgraded the previous rating of Hold to the current rating Buy. For the second quarter, Universal Display had an EPS of $0.02, compared to year-ago quarter EPS of $0.92. The current stock performance of Universal Display shows a 52-week-high of $230.32 and a 52-week-low of $105.11. Moreover, at the end of the last trading period, the closing price was at $186.56.

* According to Canaccord Genuity, the prior rating for SailPoint Technologies Holdings Inc (NYSE:SAIL) was changed from Hold to Buy. In the second quarter, SailPoint Technologies showed an EPS of $0.15, compared to ($0.01) from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.39 and a 52-week-low of $11.61. SailPoint Technologies closed at $31.51 at the end of the last trading period.

* For Brinker International Inc (NYSE:EAT), Evercore ISI Group upgraded the previous rating of In-Line to the current rating Outperform. For the third quarter, Brinker International had an EPS of $1.28, compared to year-ago quarter EPS of $1.26. The current stock performance of Brinker International shows a 52-week-high of $47.57 and a 52-week-low of $7.00. Moreover, at the end of the last trading period, the closing price was at $28.63.

* Raymond James upgraded the previous rating for Mirum Pharmaceuticals Inc (NASDAQ:MIRM) from Outperform to Strong Buy. Mirum Pharmaceuticals earned ($0.93) in the second quarter, compared to ($5.31) in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.31 and a 52-week-low of $6.51. Mirum Pharmaceuticals closed at $23.51 at the end of the last trading period.

* Raymond James upgraded the previous rating for OraSure Technologies Inc (NASDAQ:OSUR) from Market Perform to Outperform. 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 $13.09.



Downgrades

* For CarGurus Inc (NASDAQ:CARG), BTIG downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, CarGurus showed an EPS of $0.19, compared to $0.10 from the year-ago quarter. The current stock performance of CarGurus shows a 52-week-high of $40.91 and a 52-week-low of $14.25. Moreover, at the end of the last trading period, the closing price was at $31.80.

* Piper Sandler downgraded the previous rating for Illumina Inc (NASDAQ:ILMN) from Overweight to Neutral. For the second quarter, Illumina had an EPS of $0.62, compared to year-ago quarter EPS of $1.35. At the moment, the stock has a 52-week-high of $404.20 and a 52-week-low of $196.78. Illumina closed at $399.33 at the end of the last trading period.

* According to Evercore ISI Group, the prior rating for Restaurant Brands International Inc (NYSE:QSR) was changed from Outperform to In-Line. Restaurant Brands Intl earned $0.33 in the second quarter, compared to $0.71 in the year-ago quarter. The current stock performance of Restaurant Brands Intl shows a 52-week-high of $79.46 and a 52-week-low of $25.08. Moreover, at the end of the last trading period, the closing price was at $55.19.

* For Manitowoc Co Inc (NYSE:MTW), Stifel downgraded the previous rating of Buy to the current rating Hold. In the second quarter, Manitowoc Co showed an EPS of ($0.47), compared to $0.94 from the year-ago quarter. The current stock performance of Manitowoc Co shows a 52-week-high of $18.55 and a 52-week-low of $7.24. Moreover, at the end of the last trading period, the closing price was at $10.02.

* Morgan Stanley downgraded the previous rating for ServiceMaster Global Holdings Inc (NYSE:SERV) from Overweight to Equal-Weight. In the second quarter, ServiceMaster Global showed an EPS of $0.40, compared to $0.50 from the year-ago quarter. The stock has a 52-week-high of $58.78 and a 52-week-low of $17.63. At the end of the last trading period, ServiceMaster Global closed at $42.20.



Initiations

* Alliance Global Partners Initiated coverage on Neptune Wellness Solutions Inc (NASDAQ:NEPT) with a Buy rating. Neptune Wellness shares closed at $2.94 on Thursday.