Benzinga | Jul 13, 2020 09:32AM EDT

Benzinga's Top Upgrades, Downgrades For July 13, 2020

Upgrades

* For Darden Restaurants Inc (NYSE:DRI), JP Morgan upgraded the stock from Neutral to Overweight. Darden Restaurants earned ($1.24) in the fourth quarter, compared to $1.76 in the year-ago quarter. The stock has a 52-week-high of $128.41 and a 52-week-low of $26.15. Darden Restaurants's stock last closed at $72.12 per share.

* JP Morgan changed the rating for IDEAYA Biosciences Inc (NASDAQ:IDYA) from Neutral to Overweight. In the first quarter, IDEAYA Biosciences showed an EPS of ($0.59), compared to ($8.69) from the year-ago quarter. The stock has a 52-week-high of $19.97 and a 52-week-low of $2.95. IDEAYA Biosciences's stock last closed at $13.34 per share.

* Seaport Global changed the rating for KB Home (NYSE:KBH) from Neutral to Buy. KB Home earned $0.55 in the second quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $40.51 and a 52-week-low of $9.82. KB Home's stock last closed at $30.53 per share.

* Roth Capital changed the rating for Tesla Inc (NASDAQ:TSLA) from Sell to Neutral. In the first quarter, Tesla showed an EPS of $1.14, compared to ($2.90) from the year-ago quarter. The stock has a 52-week-high of $1548.91 and a 52-week-low of $211.00. Tesla's stock last closed at $1544.65 per share.

* UBS upgraded the stock for DCP Midstream LP (NYSE:DCP) from Sell to Neutral. In the first quarter, DCP Midstream showed an EPS of $0.87, compared to $0.14 from the year-ago quarter. The stock has a 52-week-high of $31.49 and a 52-week-low of $2.20. DCP Midstream's stock last closed at $10.12 per share.

* Susquehanna changed the rating for Greenbrier Companies Inc (NYSE:GBX) from Negative to Neutral. Greenbrier Companies earned $1.05 in the third quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $34.30 and a 52-week-low of $12.89. Greenbrier Companies's stock last closed at $25.09 per share.



Downgrades

* Morgan Stanley changed the rating for Illinois Tool Works Inc (NYSE:ITW) from Equal-Weight to Underweight. For the first quarter, Illinois Tool Works had an EPS of $1.77, compared to year-ago quarter EPS of $1.81. The stock has a 52-week-high of $190.85 and a 52-week-low of $115.94. Illinois Tool Works's stock last closed at $174.09 per share.

* Morgan Stanley downgraded the stock for Advanced Drainage Systems Inc (NYSE:WMS) from Equal-Weight to Underweight. For the fourth quarter, Advanced Drainage Systems had an EPS of $0.01, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $51.60 and a 52-week-low of $22.13. Advanced Drainage Systems's stock last closed at $48.09 per share.

* B of A Securities changed the rating for ViacomCBS Inc (NASDAQ:VIAC) from Buy to Neutral. For the first quarter, ViacomCBS had an EPS of $1.13, compared to year-ago quarter EPS of $1.46. The stock has a 52-week-high of $43.04 and a 52-week-low of $10.10. ViacomCBS's stock last closed at $22.93 per share.

* Northland Capital Markets downgraded the stock for Global Eagle Entertainment Inc (NASDAQ:ENT) from Outperform to Market Perform. Global Eagle Enter earned ($15.81) in the first quarter, compared to ($0.39) in the year-ago quarter. The stock has a 52-week-high of $12.32 and a 52-week-low of $0.06. Global Eagle Enter's stock last closed at $3.40 per share.

* Jefferies downgraded the stock for Graphic Packaging Holding Co (NYSE:GPK) from Buy to Hold. For the first quarter, Graphic Packaging Holding had an EPS of $0.31, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $16.95 and a 52-week-low of $10.40. Graphic Packaging Holding's stock last closed at $14.04 per share.

* For Moelis & Co (NYSE:MC), Goldman Sachs downgraded the stock from Buy to Neutral. In the first quarter, Moelis & Co showed an EPS of $0.27, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $41.27 and a 52-week-low of $22.11. Moelis & Co's stock last closed at $29.59 per share.

* For Zynex Inc (NASDAQ:ZYXI), B. Riley FBR downgraded the stock from Buy to Neutral. Zynex earned $0.09 in the first quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $29.73 and a 52-week-low of $7.12. Zynex's stock last closed at $28.58 per share.

* B of A Securities changed the rating for Redfin Corp (NASDAQ:RDFN) from Neutral to Underperform. For the first quarter, Redfin had an EPS of ($0.64), compared to year-ago quarter EPS of ($0.74). The stock has a 52-week-high of $43.90 and a 52-week-low of $9.63. Redfin's stock last closed at $37.14 per share.

* Seaport Global downgraded the stock for Lennar Corp (NYSE:LEN) from Buy to Neutral. For the second quarter, Lennar had an EPS of $1.65, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $71.38 and a 52-week-low of $25.42. Lennar's stock last closed at $65.27 per share.

* Stephens & Co. changed the rating for Denny's Corp (NASDAQ:DENN) from Overweight to Equal-Weight. Denny's earned $0.17 in the first quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $23.88 and a 52-week-low of $4.50. Denny's's stock last closed at $8.87 per share.

* For HCA Healthcare Inc (NYSE:HCA), BMO Capital downgraded the stock from Outperform to Market Perform. In the first quarter, HCA Healthcare showed an EPS of $2.33, compared to $2.78 from the year-ago quarter. The stock has a 52-week-high of $151.97 and a 52-week-low of $58.38. HCA Healthcare's stock last closed at $96.67 per share.



Initiations

* Atlantic Equities initiated coverage on Costco Wholesale Corp (NASDAQ:COST) with an Overweight rating. The price target for Costco Wholesale is set at $375.00. For the third quarter, Costco Wholesale had an EPS of $1.89, compared to year-ago quarter EPS of $1.89. The stock has a 52-week-high of $328.98 and a 52-week-low of $262.71. Costco Wholesale's stock last closed at $326.23 per share.

* Goldman Sachs initiated coverage on Discovery Inc (NASDAQ:DISCA) with a Neutral rating. The price target for Discovery is set at $20.00. Discovery earned $0.87 in the first quarter, compared to $0.85 in the year-ago quarter. The stock has a 52-week-high of $33.66 and a 52-week-low of $17.12. Discovery's stock last closed at $20.23 per share.

* With a rating of Sell, Goldman Sachs initiated coverage on AMC Networks Inc (NASDAQ:AMCX). The price target is set at $19.00 for AMC Networks. AMC Networks earned $1.47 in the first quarter, compared to $2.64 in the year-ago quarter. The stock has a 52-week-high of $57.04 and a 52-week-low of $19.62. AMC Networks's stock last closed at $24.35 per share.

* Goldman Sachs initiated coverage on Fox Corp (NASDAQ:FOXA) with a Sell rating. The price target for Fox is set at $21.00. For the third quarter, Fox had an EPS of $0.93, compared to year-ago quarter EPS of $0.76. The stock has a 52-week-high of $39.73 and a 52-week-low of $19.81. Fox's stock last closed at $25.32 per share.

* With a rating of Buy, Goldman Sachs initiated coverage on ViacomCBS Inc (NASDAQ:VIAC). The price target is set at $34.00 for ViacomCBS. In the first quarter, ViacomCBS showed an EPS of $1.13, compared to $1.46 from the year-ago quarter. The stock has a 52-week-high of $43.04 and a 52-week-low of $10.10. ViacomCBS's stock last closed at $22.93 per share.

* With a rating of Buy, Goldman Sachs initiated coverage on The Walt Disney Co (NYSE:DIS). The price target is set at $137.00 for Walt Disney. For the second quarter, Walt Disney had an EPS of $0.60, compared to year-ago quarter EPS of $1.61. The stock has a 52-week-high of $153.41 and a 52-week-low of $79.07. Walt Disney's stock last closed at $119.30 per share.

* With a rating of Buy, B. Riley FBR initiated coverage on Vaxart Inc (NASDAQ:VXRT). The price target is set at $22.00 for Vaxart. For the first quarter, Vaxart had an EPS of ($0.02), compared to year-ago quarter EPS of ($0.18). The stock has a 52-week-high of $14.30 and a 52-week-low of $0.25. Vaxart's stock last closed at $7.98 per share.

* Cowen & Co. initiated coverage on Aimmune Therapeutics Inc (NASDAQ:AIMT) with an Outperform rating. The price target for Aimmune Therapeutics is set at $35.00. For the first quarter, Aimmune Therapeutics had an EPS of ($1.34), compared to year-ago quarter EPS of ($0.75). The stock has a 52-week-high of $37.00 and a 52-week-low of $10.09. Aimmune Therapeutics's stock last closed at $15.68 per share.

* With a rating of Buy, B of A Securities initiated coverage on Global Blood Therapeutics Inc (NASDAQ:GBT). The price target is set at $92.00 for Global Blood Therapeutics. For the first quarter, Global Blood Therapeutics had an EPS of ($1.20), compared to year-ago quarter EPS of ($0.87). The stock has a 52-week-high of $87.54 and a 52-week-low of $39.95. Global Blood Therapeutics's stock last closed at $71.12 per share.

* With a rating of Buy, Argus Research initiated coverage on Teladoc Health Inc (NYSE:TDOC). The price target is set at $280.00 for Teladoc Health. For the first quarter, Teladoc Health had an EPS of ($0.40), compared to year-ago quarter EPS of ($0.43). The stock has a 52-week-high of $230.40 and a 52-week-low of $54.58. Teladoc Health's stock last closed at $228.98 per share.

* Evercore ISI Group initiated coverage on AllianceBernstein Holding LP (NYSE:AB) with an Outperform rating. The price target for AllianceBernstein Holding is set at $30.00. AllianceBernstein Holding earned $0.64 in the first quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $36.06 and a 52-week-low of $13.24. AllianceBernstein Holding's stock last closed at $26.90 per share.

* Jefferies initiated coverage on Moderna Inc (NASDAQ:MRNA) with a Buy rating. The price target for Moderna is set at $90.00. For the first quarter, Moderna had an EPS of ($0.35), compared to year-ago quarter EPS of ($0.40). The stock has a 52-week-high of $87.00 and a 52-week-low of $11.54. Moderna's stock last closed at $62.61 per share.

* Imperial Capital initiated coverage on Madison Square Garden Entertainment Corp (NYSE:MSGE) with an In-Line rating. The price target for Madison Square Garden is set at $73.00. The stock has a 52-week-high of $87.20 and a 52-week-low of $62.50. Madison Square Garden's stock last closed at $71.40 per share.