Benzinga | Oct 16, 2020 09:40AM EDT

Benzinga's Top Upgrades, Downgrades For October 16, 2020

Upgrades

* William Blair upgraded the previous rating for ChannelAdvisor Corp (NYSE:ECOM) from Market Perform to Outperform. ChannelAdvisor earned $0.33 in the second quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of 22.32 and a 52-week-low of 4.3901. ChannelAdvisor closed at $16.69 at the end of the last trading period.

* R5 Capital upgraded the previous rating for Campbell Soup Co (NYSE:CPB) from Hold to Buy. In the fourth quarter, Campbell Soup showed an EPS of $0.63, compared to $0.50 from the year-ago quarter. The current stock performance of Campbell Soup shows a 52-week-high of 57.54 and a 52-week-low of 40.7. Moreover, at the end of the last trading period, the closing price was at $49.15.

* For AGCO Corp (NYSE:AGCO), Citigroup upgraded the previous rating of Neutral to the current rating Buy. AGCO earned $1.11 in the second quarter, compared to $1.82 in the year-ago quarter. The stock has a 52-week-high of 82.44 and a 52-week-low of 35.33. At the end of the last trading period, AGCO closed at $80.67.

* Wells Fargo upgraded the previous rating for Caterpillar Inc (NYSE:CAT) from Equal-Weight to Overweight. In the second quarter, Caterpillar showed an EPS of $1.03, compared to $2.83 from the year-ago quarter. The current stock performance of Caterpillar shows a 52-week-high of 165.78 and a 52-week-low of 87.5. Moreover, at the end of the last trading period, the closing price was at $165.05.

* Barclays upgraded the previous rating for Heartland Express Inc (NASDAQ:HTLD) from Underweight to Equal-Weight. In the third quarter, Heartland Express showed an EPS of $0.25, compared to $0.25 from the year-ago quarter. The current stock performance of Heartland Express shows a 52-week-high of 22.75 and a 52-week-low of 15.65. Moreover, at the end of the last trading period, the closing price was at $20.31.

* According to Barclays, the prior rating for Norfolk Southern Corp (NYSE:NSC) was changed from Underweight to Equal-Weight. In the second quarter, Norfolk Southern showed an EPS of $1.53, compared to $2.70 from the year-ago quarter. At the moment, the stock has a 52-week-high of 224.99 and a 52-week-low of 112.62. Norfolk Southern closed at $219.37 at the end of the last trading period.

* Goldman Sachs upgraded the previous rating for SolarEdge Technologies Inc (NASDAQ:SEDG) from Sell to Neutral. In the second quarter, SolarEdge Technologies showed an EPS of $0.97, compared to $0.94 from the year-ago quarter. The current stock performance of SolarEdge Technologies shows a 52-week-high of 314.0 and a 52-week-low of 67.02. Moreover, at the end of the last trading period, the closing price was at $302.50.

* According to Jefferies, the prior rating for Costco Wholesale Corp (NASDAQ:COST) was changed from Hold to Buy. Costco Wholesale earned $3.13 in the fourth quarter, compared to $2.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of 383.8715 and a 52-week-low of 271.28. Costco Wholesale closed at $376.58 at the end of the last trading period.

* For Chewy Inc (NYSE:CHWY), Jefferies upgraded the previous rating of Hold to the current rating Buy. In the second quarter, Chewy showed an EPS of $0.08, compared to $0.21 from the year-ago quarter. The current stock performance of Chewy shows a 52-week-high of 74.84 and a 52-week-low of 20.62. Moreover, at the end of the last trading period, the closing price was at $64.86.

* For Flex Ltd (NASDAQ:FLEX), RBC Capital upgraded the previous rating of Sector Perform to the current rating Outperform. In the first quarter, Flex showed an EPS of $0.23, compared to $0.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of 14.0 and a 52-week-low of 5.36. Flex closed at $12.57 at the end of the last trading period.



Downgrades

* For Welltower Inc (NYSE:WELL), Mizuho downgraded the previous rating of Buy to the current rating Neutral. In the second quarter, Welltower showed an EPS of $0.86, compared to $1.05 from the year-ago quarter. The current stock performance of Welltower shows a 52-week-high of 93.17 and a 52-week-low of 24.27. Moreover, at the end of the last trading period, the closing price was at $55.02.

* B of A Securities downgraded the previous rating for First Solar Inc (NASDAQ:FSLR) from Buy to Neutral. First Solar earned $0.39 in the second quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of 85.66 and a 52-week-low of 28.47. First Solar closed at $82.28 at the end of the last trading period.

* According to B of A Securities, the prior rating for Commercial Metals Co (NYSE:CMC) was changed from Buy to Neutral. In the fourth quarter, Commercial Metals showed an EPS of $0.79, compared to $0.76 from the year-ago quarter. The current stock performance of Commercial Metals shows a 52-week-high of 24.04 and a 52-week-low of 10.76. Moreover, at the end of the last trading period, the closing price was at $22.31.

* According to JP Morgan, the prior rating for Clorox Co (NYSE:CLX) was changed from Overweight to Neutral. For the fourth quarter, Clorox had an EPS of $2.41, compared to year-ago quarter EPS of $1.88. The current stock performance of Clorox shows a 52-week-high of 239.87 and a 52-week-low of 144.31. Moreover, at the end of the last trading period, the closing price was at $218.64.

* For Denali Therapeutics Inc (NASDAQ:DNLI), BTIG downgraded the previous rating of Buy to the current rating Neutral. For the second quarter, Denali Therapeutics had an EPS of $0.56, compared to year-ago quarter EPS of $0.61. The current stock performance of Denali Therapeutics shows a 52-week-high of 45.82 and a 52-week-low of 12.39. Moreover, at the end of the last trading period, the closing price was at $43.17.

* According to Goldman Sachs, the prior rating for Maxeon Solar Technologies Ltd (NASDAQ:MAXN) was changed from Neutral to Sell. The stock has a 52-week-high of 24.0 and a 52-week-low of 11.7801. At the end of the last trading period, Maxeon Solar Technologies closed at $19.93.

* According to Jefferies, the prior rating for Wynn Resorts Ltd (NASDAQ:WYNN) was changed from Buy to Hold. In the second quarter, Wynn Resorts showed an EPS of $6.14, compared to $1.44 from the year-ago quarter. The current stock performance of Wynn Resorts shows a 52-week-high of 153.41 and a 52-week-low of 35.84. Moreover, at the end of the last trading period, the closing price was at $72.70.

* Credit Suisse downgraded the previous rating for Cogent Communications Holdings Inc (NASDAQ:CCOI) from Outperform to Neutral. For the second quarter, Cogent Comms Hldgs had an EPS of $0.18, compared to year-ago quarter EPS of $0.16. The current stock performance of Cogent Comms Hldgs shows a 52-week-high of 92.9591 and a 52-week-low of 55.745. Moreover, at the end of the last trading period, the closing price was at $62.32.

* For WPX Energy Inc (NYSE:WPX), RBC Capital downgraded the previous rating of Outperform to the current rating Sector Perform. WPX Energy earned $0.12 in the second quarter, compared to $0.09 in the year-ago quarter. The current stock performance of WPX Energy shows a 52-week-high of 14.425 and a 52-week-low of 1.94. Moreover, at the end of the last trading period, the closing price was at $4.83.





Initiations

* Stephens & Co. initiated coverage on Carrier Global Corp (NYSE:CARR) with an Overweight rating. Carrier Global earned $0.33 in the second quarter. At the moment, the stock has a 52-week-high of 33.47 and a 52-week-low of 12.26. Carrier Global closed at $32.61 at the end of the last trading period.

* Raymond James initiated coverage on Simulations Plus Inc (NASDAQ:SLP) with an Outperform rating. The price target for Simulations Plus is set to $95.00. In the third quarter, Simulations Plus showed an EPS of $0.20, compared to $0.16 from the year-ago quarter. The current stock performance of Simulations Plus shows a 52-week-high of 77.89 and a 52-week-low of 26.0. Moreover, at the end of the last trading period, the closing price was at $71.90.

* With a current rating of Buy, Needham initiated coverage on Cerence Inc (NASDAQ:CRNC). The price target seems to have been set at $82.00 for Cerence. Cerence earned $0.31 in the third quarter. At the moment, the stock has a 52-week-high of 62.44 and a 52-week-low of 11.39. Cerence closed at $53.28 at the end of the last trading period.

* Berenberg initiated coverage on Kimberly-Clark Corp (NYSE:KMB) with a Buy rating. The price target for Kimberly-Clark is set to $181.00. Kimberly-Clark earned $2.20 in the second quarter, compared to $1.67 in the year-ago quarter. The stock has a 52-week-high of 160.16 and a 52-week-low of 110.66. At the end of the last trading period, Kimberly-Clark closed at $154.25.

* With a current rating of Buy, DA Davidson initiated coverage on Ultra Clean Holdings Inc (NASDAQ:UCTT). The price target seems to have been set at $35.00 for Ultra Clean Holdings. For the second quarter, Ultra Clean Holdings had an EPS of $0.75, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of 31.1 and a 52-week-low of 11.79. Ultra Clean Holdings closed at $24.37 at the end of the last trading period.

* Stephens & Co. initiated coverage on Zebra Technologies Corp (NASDAQ:ZBRA) with an Overweight rating. Zebra Technologies earned $2.41 in the second quarter, compared to $3.02 in the year-ago quarter. The current stock performance of Zebra Technologies shows a 52-week-high of 295.525 and a 52-week-low of 150.06. Moreover, at the end of the last trading period, the closing price was at $287.31.

* BTIG initiated coverage on Aldeyra Therapeutics Inc (NASDAQ:ALDX) with a Buy rating. The price target for Aldeyra Therapeutics is set to $29.00. Aldeyra Therapeutics earned $0.25 in the second quarter, compared to $0.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of 8.05 and a 52-week-low of 1.48. Aldeyra Therapeutics closed at $6.86 at the end of the last trading period.

* With a current rating of Overweight, Piper Sandler initiated coverage on Fulcrum Therapeutics Inc (NASDAQ:FULC). The price target seems to have been set at $22.00 for Fulcrum Therapeutics. For the second quarter, Fulcrum Therapeutics had an EPS of $0.66, compared to year-ago quarter EPS of $9.21. At the moment, the stock has a 52-week-high of 22.96 and a 52-week-low of 4.37. Fulcrum Therapeutics closed at $10.08 at the end of the last trading period.

* Wedbush initiated coverage on Adicet Bio Inc (NASDAQ:ACET) with an Outperform rating. The price target for Adicet Bio is set to $25.00. Adicet Bio earned $0.59 in the first quarter, compared to $0.30 in the year-ago quarter. The current stock performance of Adicet Bio shows a 52-week-high of 21.4 and a 52-week-low of 10.1. Moreover, at the end of the last trading period, the closing price was at $13.04.