Benzinga | Sep 22, 2020 09:36AM EDT

Benzinga's Top Upgrades, Downgrades For September 22, 2020

Upgrades

* According to Guggenheim, the prior rating for Five Prime Therapeutics Inc (NASDAQ:FPRX) was changed from Neutral to Buy. For the second quarter, Five Prime Therapeutics had an EPS of $0.48, compared to year-ago quarter EPS of $0.99. At the moment, the stock has a 52-week-high of $7.34 and a 52-week-low of $1.75. Five Prime Therapeutics closed at $3.83 at the end of the last trading period.

* Raymond James upgraded the previous rating for Veritex Holdings Inc (NASDAQ:VBTX) from Outperform to Strong Buy. For the second quarter, Veritex Holdings had an EPS of $0.43, compared to year-ago quarter EPS of $0.59. The current stock performance of Veritex Holdings shows a 52-week-high of $29.41 and a 52-week-low of $10.02. Moreover, at the end of the last trading period, the closing price was at $15.83.

* According to Guggenheim, the prior rating for Portland General Electric Co (NYSE:POR) was changed from Neutral to Buy. Portland General Electric earned $0.43 in the second quarter, compared to $0.28 in the year-ago quarter. The current stock performance of Portland General Electric shows a 52-week-high of $63.08 and a 52-week-low of $31.96. Moreover, at the end of the last trading period, the closing price was at $34.24.

* For Amazon.com Inc (NASDAQ:AMZN), Bernstein upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, Amazon.com showed an EPS of $10.30, compared to $5.22 from the year-ago quarter. The current stock performance of Amazon.com shows a 52-week-high of $3552.25 and a 52-week-low of $1626.03. Moreover, at the end of the last trading period, the closing price was at $2960.47.

* For CACI International Inc (NYSE:CACI), JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. In the fourth quarter, CACI International showed an EPS of $3.68, compared to $1.96 from the year-ago quarter. The stock has a 52-week-high of $288.59 and a 52-week-low of $156.15. At the end of the last trading period, CACI International closed at $215.41.

* For Malibu Boats Inc (NASDAQ:MBUU), Baird upgraded the previous rating of Neutral to the current rating Outperform. In the fourth quarter, Malibu Boats showed an EPS of $0.40, compared to $1.08 from the year-ago quarter. The stock has a 52-week-high of $63.88 and a 52-week-low of $18.02. At the end of the last trading period, Malibu Boats closed at $47.85.

* For OneWater Marine Inc (NASDAQ:ONEW), Baird upgraded the previous rating of Neutral to the current rating Outperform. Interestingly, in the third quarter, OneWater Marine's EPS was $2.36. At the moment, the stock has a 52-week-high of $33.60 and a 52-week-low of $3.41. OneWater Marine closed at $19.61 at the end of the last trading period.

* Baird upgraded the previous rating for Tyler Technologies Inc (NYSE:TYL) from Neutral to Outperform. For the second quarter, Tyler Technologies had an EPS of $1.38, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $382.92 and a 52-week-low of $245.00. At the end of the last trading period, Tyler Technologies closed at $328.87.

* JP Morgan upgraded the previous rating for Leidos Holdings Inc (NYSE:LDOS) from Neutral to Overweight. For the second quarter, Leidos Holdings had an EPS of $1.55, compared to year-ago quarter EPS of $1.16. The current stock performance of Leidos Holdings shows a 52-week-high of $125.84 and a 52-week-low of $68.00. Moreover, at the end of the last trading period, the closing price was at $88.51.

* For Carvana Co (NYSE:CVNA), Goldman Sachs upgraded the previous rating of Neutral to the current rating Buy. For the second quarter, Carvana had an EPS of $0.62, compared to year-ago quarter EPS of $0.40. At the moment, the stock has a 52-week-high of $235.00 and a 52-week-low of $22.16. Carvana closed at $173.82 at the end of the last trading period.

* For Allstate Corp (NYSE:ALL), Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, Allstate showed an EPS of $2.46, compared to $2.18 from the year-ago quarter. The current stock performance of Allstate shows a 52-week-high of $125.92 and a 52-week-low of $64.13. Moreover, at the end of the last trading period, the closing price was at $92.00.

* According to Raymond James, the prior rating for First Horizon National Corp (NYSE:FHN) was changed from Outperform to Strong Buy. For the second quarter, First Horizon National had an EPS of $0.20, compared to year-ago quarter EPS of $0.42. The current stock performance of First Horizon National shows a 52-week-high of $17.42 and a 52-week-low of $6.27. Moreover, at the end of the last trading period, the closing price was at $9.12.



Downgrades

* According to Oppenheimer, the prior rating for BioLife Solutions Inc (NASDAQ:BLFS) was changed from Outperform to Perform. BioLife Solutions earned $0.01 in the second quarter, compared to $0.04 in the year-ago quarter. The current stock performance of BioLife Solutions shows a 52-week-high of $28.28 and a 52-week-low of $7.37. Moreover, at the end of the last trading period, the closing price was at $26.40.

* For CytomX Therapeutics Inc (NASDAQ:CTMX), Guggenheim downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, CytomX Therapeutics showed an EPS of $0.34, compared to $0.64 from the year-ago quarter. The stock has a 52-week-high of $15.44 and a 52-week-low of $3.60. At the end of the last trading period, CytomX Therapeutics closed at $6.94.

* Guggenheim downgraded the previous rating for Eidos Therapeutics Inc (NASDAQ:EIDX) from Buy to Neutral. For the second quarter, Eidos Therapeutics had an EPS of $0.75, compared to year-ago quarter EPS of $0.39. The current stock performance of Eidos Therapeutics shows a 52-week-high of $66.56 and a 52-week-low of $28.39. Moreover, at the end of the last trading period, the closing price was at $47.60.

* UBS downgraded the previous rating for Illumina Inc (NASDAQ:ILMN) from Buy 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 $270.13 at the end of the last trading period.

* For Kratos Defense & Security Solutions Inc (NASDAQ:KTOS), JP Morgan downgraded the previous rating of Overweight to the current rating Neutral. In the second quarter, Kratos Defense & Security showed an EPS of $0.08, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.26 and a 52-week-low of $5.00. Kratos Defense & Security closed at $19.76 at the end of the last trading period.

* Keefe, Bruyette & Woods downgraded the previous rating for Progressive Corp (NYSE:PGR) from Market Perform to Underperform. For the second quarter, Progressive had an EPS of $1.84, compared to year-ago quarter EPS of $1.66. At the moment, the stock has a 52-week-high of $97.52 and a 52-week-low of $62.18. Progressive closed at $97.36 at the end of the last trading period.



Initiations

* With a current rating of Buy, BWS Financial initiated coverage on Pacific Ethanol Inc (NASDAQ:PEIX). The price target seems to have been set at $20.50 for Pacific Ethanol. For the second quarter, Pacific Ethanol had an EPS of $0.27, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $7.83 and a 52-week-low of $0.22. At the end of the last trading period, Pacific Ethanol closed at $7.71.

* Loop Capital initiated coverage on Global Payments Inc (NYSE:GPN) with a Buy rating. The price target for Global Payments is set to $199.00. Global Payments earned $1.31 in the second quarter, compared to $1.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $209.62 and a 52-week-low of $105.54. Global Payments closed at $175.63 at the end of the last trading period.

* Loop Capital initiated coverage on Fiserv Inc (NASDAQ:FISV) with a Hold rating. The price target for Fiserv is set to $108.00. In the second quarter, Fiserv showed an EPS of $0.93, compared to $0.82 from the year-ago quarter. The stock has a 52-week-high of $125.05 and a 52-week-low of $73.50. At the end of the last trading period, Fiserv closed at $99.61.

* Loop Capital initiated coverage on Fidelity National Information Services Inc (NYSE:FIS) with a Hold rating. The price target for Fidelity National Info is set to $150.00. In the second quarter, Fidelity National Info showed an EPS of $1.15, compared to $1.78 from the year-ago quarter. At the moment, the stock has a 52-week-high of $158.21 and a 52-week-low of $91.68. Fidelity National Info closed at $143.95 at the end of the last trading period.

* With a current rating of Overweight, Barclays initiated coverage on APi Group Corp (NYSE:APG). The price target seems to have been set at $19.00 for APi Gr. APi Gr earned $0.32 in the second quarter. The stock has a 52-week-high of $15.77 and a 52-week-low of $8.84. At the end of the last trading period, APi Gr closed at $13.80.

* Goldman Sachs initiated coverage on Immatics NV (NASDAQ:IMTX) with a Buy rating. The price target for Immatics is set to $17.00. In the second quarter, Immatics earned $0.37. The stock has a 52-week-high of $11.67 and a 52-week-low of $8.66. At the end of the last trading period, Immatics closed at $9.14.

* JP Morgan initiated coverage on Inspire Medical Systems Inc (NYSE:INSP) with an Overweight rating. The price target for Inspire Medical Systems is set to $148.00. For the second quarter, Inspire Medical Systems had an EPS of $0.88, compared to year-ago quarter EPS of $0.32. The stock has a 52-week-high of $132.16 and a 52-week-low of $40.53. At the end of the last trading period, Inspire Medical Systems closed at $121.31.

* Seaport Global initiated coverage on NextEra Energy Inc (NYSE:NEE) with a Buy rating. The price target for NextEra Energy is set to $229.00. NextEra Energy earned $2.61 in the second quarter, compared to $2.35 in the year-ago quarter. The stock has a 52-week-high of $299.30 and a 52-week-low of $174.80. At the end of the last trading period, NextEra Energy closed at $276.12.

* Raymond James initiated coverage on Primo Water Corp (NYSE:PRMW) with an Outperform rating. In the second quarter, Primo Water showed an EPS of $0.08, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.50 and a 52-week-low of $6.33. Primo Water closed at $14.24 at the end of the last trading period.

* Morgan Stanley initiated coverage on The Simply Good Foods Co (NASDAQ:SMPL) with an Overweight rating. The price target for Simply Good Foods is set to $26.00. In the third quarter, Simply Good Foods showed an EPS of $0.26, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.82 and a 52-week-low of $14.08. Simply Good Foods closed at $21.71 at the end of the last trading period.

* With a current rating of Buy, DA Davidson initiated coverage on Teladoc Health Inc (NYSE:TDOC). The price target seems to have been set at $250.00 for Teladoc Health. Teladoc Health earned $0.34 in the second quarter, compared to $0.41 in the year-ago quarter. The current stock performance of Teladoc Health shows a 52-week-high of $253.00 and a 52-week-low of $60.05. Moreover, at the end of the last trading period, the closing price was at $202.66.

* For LyondellBasell Industries NV (NYSE:LYB), Evercore ISI Group initiated coverage, by setting the current rating at Outperform. LyondellBasell Industries earned $0.68 in the second quarter, compared to $2.70 in the year-ago quarter. The current stock performance of LyondellBasell Industries shows a 52-week-high of $98.91 and a 52-week-low of $33.71. Moreover, at the end of the last trading period, the closing price was at $73.51.

* Evercore ISI Group initiated coverage on Celanese Corp (NYSE:CE) with an Outperform rating. Celanese earned $1.30 in the second quarter, compared to $2.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $128.88 and a 52-week-low of $52.70. Celanese closed at $109.48 at the end of the last trading period.

* For Air Products & Chemicals Inc (NYSE:APD), Evercore ISI Group initiated coverage, by setting the current rating at Outperform. Air Products & Chemicals earned $2.01 in the third quarter, compared to $2.17 in the year-ago quarter. The current stock performance of Air Products & Chemicals shows a 52-week-high of $310.74 and a 52-week-low of $167.43. Moreover, at the end of the last trading period, the closing price was at $290.74.

* Evercore ISI Group initiated coverage on Ecolab Inc (NYSE:ECL) with an Outperform rating. In the second quarter, Ecolab showed an EPS of $0.65, compared to $1.42 from the year-ago quarter. The current stock performance of Ecolab shows a 52-week-high of $231.36 and a 52-week-low of $124.60. Moreover, at the end of the last trading period, the closing price was at $198.48.