Benzinga | Oct 12, 2020 09:47AM EDT

Benzinga's Top Upgrades, Downgrades For October 12, 2020

Upgrades

* Morgan Stanley upgraded the previous rating for Levi Strauss & Co (NYSE:LEVI) from Equal-Weight to Overweight. Levi Strauss earned $0.08 in the third quarter, compared to $0.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of 20.705 and a 52-week-low of 9.09. Levi Strauss closed at $15.21 at the end of the last trading period.

* Jefferies upgraded the previous rating for Schrodinger Inc (NASDAQ:SDGR) from Hold to Buy. In the second quarter, Schrodinger earned $0.05. At the moment, the stock has a 52-week-high of 99.5 and a 52-week-low of 26.06. Schrodinger closed at $56.72 at the end of the last trading period.

* For Helios Technologies Inc (NASDAQ:HLIO), Baird upgraded the previous rating of Neutral to the current rating Outperform. For the second quarter, Helios Technologies had an EPS of $0.55, compared to year-ago quarter EPS of $0.65. The stock has a 52-week-high of 49.49 and a 52-week-low of 29.0268. At the end of the last trading period, Helios Technologies closed at $39.88.

* Baird upgraded the previous rating for Beacon Roofing Supply Inc (NASDAQ:BECN) from Neutral to Outperform. In the third quarter, Beacon Roofing Supply showed an EPS of $1.01, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of 36.78 and a 52-week-low of 11.665. At the end of the last trading period, Beacon Roofing Supply closed at $35.85.

* According to Raymond James, the prior rating for Carrols Restaurant Group Inc (NASDAQ:TAST) was changed from Market Perform to Outperform. For the second quarter, Carrols Restaurant Group had an EPS of $0.16, compared to year-ago quarter EPS of $0.07. The current stock performance of Carrols Restaurant Group shows a 52-week-high of 8.47 and a 52-week-low of 0.9801. Moreover, at the end of the last trading period, the closing price was at $6.85.

* According to BMO Capital, the prior rating for Greif Inc (NYSE:GEF) was changed from Market Perform to Outperform. For the third quarter, Greif had an EPS of $0.85, compared to year-ago quarter EPS of $1.26. At the moment, the stock has a 52-week-high of 50.37 and a 52-week-low of 23.65. Greif closed at $40.90 at the end of the last trading period.

* According to BMO Capital, the prior rating for International Paper Co (NYSE:IP) was changed from Market Perform to Outperform. In the second quarter, International Paper showed an EPS of $0.77, compared to $1.15 from the year-ago quarter. The current stock performance of International Paper shows a 52-week-high of 47.64 and a 52-week-low of 26.38. Moreover, at the end of the last trading period, the closing price was at $42.68.

* BMO Capital upgraded the previous rating for Packaging Corp of America (NYSE:PKG) from Market Perform to Outperform. Packaging Corp of America earned $1.38 in the second quarter, compared to $2.04 in the year-ago quarter. The stock has a 52-week-high of 115.51 and a 52-week-low of 71.05. At the end of the last trading period, Packaging Corp of America closed at $113.05.

* For Twitter Inc (NYSE:TWTR), Deutsche Bank upgraded the previous rating of Hold to the current rating Buy. For the second quarter, Twitter had an EPS of $1.39, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of 47.87 and a 52-week-low of 20.0. Twitter closed at $45.91 at the end of the last trading period.

* For PepsiCo Inc (NASDAQ:PEP), Citigroup upgraded the previous rating of Neutral to the current rating Buy. In the third quarter, PepsiCo showed an EPS of $1.66, compared to $1.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of 147.2 and a 52-week-low of 101.42. PepsiCo closed at $138.44 at the end of the last trading period.

* For Ford Motor Co (NYSE:F), Benchmark upgraded the previous rating of Hold to the current rating Buy. In the second quarter, Ford Motor showed an EPS of $0.35, compared to $0.32 from the year-ago quarter. The current stock performance of Ford Motor shows a 52-week-high of 9.575 and a 52-week-low of 3.96. Moreover, at the end of the last trading period, the closing price was at $7.25.

* For Chubb Ltd (NYSE:CB), JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. Chubb earned $0.56 in the second quarter, compared to $2.60 in the year-ago quarter. The current stock performance of Chubb shows a 52-week-high of 167.74 and a 52-week-low of 87.35. Moreover, at the end of the last trading period, the closing price was at $120.46.



Downgrades

* For Amgen Inc (NASDAQ:AMGN), Truist Securities downgraded the previous rating of Buy to the current rating Hold. For the second quarter, Amgen had an EPS of $4.25, compared to year-ago quarter EPS of $3.97. At the moment, the stock has a 52-week-high of 264.97 and a 52-week-low of 177.05. Amgen closed at $236.70 at the end of the last trading period.

* For Xilinx Inc (NASDAQ:XLNX), Baird downgraded the previous rating of Outperform to the current rating Neutral. Xilinx earned $0.65 in the first quarter, compared to $0.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of 123.78 and a 52-week-low of 67.68. Xilinx closed at $120.94 at the end of the last trading period.

* According to Citigroup, the prior rating for Cisco Systems Inc (NASDAQ:CSCO) was changed from Buy to Neutral. For the fourth quarter, Cisco Systems had an EPS of $0.80, compared to year-ago quarter EPS of $0.83. The current stock performance of Cisco Systems shows a 52-week-high of 50.28 and a 52-week-low of 32.4001. Moreover, at the end of the last trading period, the closing price was at $39.85.

* According to Citigroup, the prior rating for Arista Networks Inc (NYSE:ANET) was changed from Buy to Neutral. Arista Networks earned $2.11 in the second quarter, compared to $2.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of 267.3 and a 52-week-low of 156.63. Arista Networks closed at $227.60 at the end of the last trading period.

* According to JP Morgan, the prior rating for Marsh & McLennan Companies Inc (NYSE:MMC) was changed from Overweight to Neutral. Marsh & McLennan earned $1.32 in the second quarter, compared to $1.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of 120.97 and a 52-week-low of 74.335. Marsh & McLennan closed at $115.70 at the end of the last trading period.

* According to JP Morgan, the prior rating for The Travelers Companies Inc (NYSE:TRV) was changed from Neutral to Underweight. For the second quarter, Travelers Companies had an EPS of $0.20, compared to year-ago quarter EPS of $2.02. The stock has a 52-week-high of 144.5 and a 52-week-low of 76.99. At the end of the last trading period, Travelers Companies closed at $115.80.

* Jefferies downgraded the previous rating for GameStop Corp (NYSE:GME) from Buy to Hold. In the second quarter, GameStop showed an EPS of $1.40, compared to $0.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of 14.8 and a 52-week-low of 2.57. GameStop closed at $12.03 at the end of the last trading period.



Initiations

* Evercore ISI Group initiated coverage on Trillium Therapeutics Inc (NASDAQ:TRIL) with an Outperform rating. The price target for Trillium Therapeutics is set to $28.00. For the second quarter, Trillium Therapeutics had an EPS of $0.63, compared to year-ago quarter EPS of $0.24. The current stock performance of Trillium Therapeutics shows a 52-week-high of 16.89 and a 52-week-low of 0.2405. Moreover, at the end of the last trading period, the closing price was at $15.37.

* Morgan Stanley initiated coverage on Sumo Logic Inc (NASDAQ:SUMO) with a Equal-Weight rating. The price target for Sumo Logic is set to $26.00. The stock has a 52-week-high of 28.45 and a 52-week-low of 21.01. At the end of the last trading period, Sumo Logic closed at $24.28.

* With a current rating of Equal-Weight, Morgan Stanley initiated coverage on Snowflake Inc (NYSE:SNOW). The price target seems to have been set at $220.00 for Snowflake. The stock has a 52-week-high of 278.26 and a 52-week-low of 208.55. At the end of the last trading period, Snowflake closed at $237.99.

* With a current rating of Equal-Weight, Morgan Stanley initiated coverage on JFrog Ltd (NASDAQ:FROG). The price target seems to have been set at $67.00 for JFrog. The current stock performance of JFrog shows a 52-week-high of 90.8 and a 52-week-low of 60.0. Moreover, at the end of the last trading period, the closing price was at $74.00.

* Stifel initiated coverage on Dyne Therapeutics Inc (NASDAQ:DYN) with a Buy rating. The price target for Dyne Therapeutics is set to $29.00. The current stock performance of Dyne Therapeutics shows a 52-week-high of 27.11 and a 52-week-low of 18.08. Moreover, at the end of the last trading period, the closing price was at $18.64.

* With a current rating of Hold, Stifel initiated coverage on JFrog Ltd (NASDAQ:FROG). The price target seems to have been set at $75.00 for JFrog. At the moment, the stock has a 52-week-high of 90.8 and a 52-week-low of 60.0. JFrog closed at $74.00 at the end of the last trading period.

* Stifel initiated coverage on Outset Medical Inc (NASDAQ:OM) with a Buy rating. The price target for Outset Medical is set to $54.00. At the moment, the stock has a 52-week-high of 65.0 and a 52-week-low of 42.5. Outset Medical closed at $42.51 at the end of the last trading period.

* With a current rating of Hold, Truist Securities initiated coverage on Advanced Micro Devices Inc (NASDAQ:AMD). The price target seems to have been set at $90.00 for Advanced Micro Devices. Advanced Micro Devices earned $0.18 in the second quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Advanced Micro Devices shows a 52-week-high of 94.28 and a 52-week-low of 28.0. Moreover, at the end of the last trading period, the closing price was at $83.10.

* With a current rating of Buy, Guggenheim initiated coverage on Immunovant Inc (NASDAQ:IMVT). The price target seems to have been set at $63.00 for Immunovant. Immunovant earned $0.38 in the first quarter. The current stock performance of Immunovant shows a 52-week-high of 42.74 and a 52-week-low of 8.34. Moreover, at the end of the last trading period, the closing price was at $42.18.

* With a current rating of Outperform, BMO Capital initiated coverage on Broadstone Net Lease Inc (NYSE:BNL). The price target seems to have been set at $21.00 for Broadstone Net Lease. The current stock performance of Broadstone Net Lease shows a 52-week-high of 17.1 and a 52-week-low of 15.9. Moreover, at the end of the last trading period, the closing price was at $16.79.

* Deutsche Bank initiated coverage on DraftKings Inc (NASDAQ:DKNG) with a Hold rating. The price target for DraftKings is set to $48.00. In the second quarter, DraftKings showed an EPS of $0.55, compared to $0.15 from the year-ago quarter. The stock has a 52-week-high of 64.19 and a 52-week-low of 18.0. At the end of the last trading period, DraftKings closed at $48.82.

* Cowen & Co. initiated coverage on American Well Corp (NYSE:AMWL) with an Outperform rating. The price target for American Well is set to $41.00. At the moment, the stock has a 52-week-high of 41.8 and a 52-week-low of 22.1. American Well closed at $32.79 at the end of the last trading period.

* With a current rating of Outperform, Cowen & Co. initiated coverage on MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI). The price target seems to have been set at $45.00 for MACOM Technology. MACOM Technology earned $0.33 in the third quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of 44.6873 and a 52-week-low of 15.03. MACOM Technology closed at $36.35 at the end of the last trading period.

* With a current rating of Outperform, RBC Capital initiated coverage on Metacrine Inc (NASDAQ:MTCR). The price target seems to have been set at $25.00 for Metacrine. The current stock performance of Metacrine shows a 52-week-high of 10.84 and a 52-week-low of 9.06. Moreover, at the end of the last trading period, the closing price was at $10.17.

* With a current rating of Buy, Jefferies initiated coverage on Dyne Therapeutics Inc (NASDAQ:DYN). The price target seems to have been set at $47.00 for Dyne Therapeutics. The stock has a 52-week-high of 27.11 and a 52-week-low of 18.08. At the end of the last trading period, Dyne Therapeutics closed at $18.64.

* JP Morgan initiated coverage on StepStone Group Inc (NASDAQ:STEP) with a Neutral rating. The price target for StepStone Group is set to $29.00. The current stock performance of StepStone Group shows a 52-week-high of 28.27 and a 52-week-low of 22.72. Moreover, at the end of the last trading period, the closing price was at $27.07.

* Jefferies initiated coverage on Sumo Logic Inc (NASDAQ:SUMO) with a Hold rating. The price target for Sumo Logic is set to $27.00. The current stock performance of Sumo Logic shows a 52-week-high of 28.45 and a 52-week-low of 21.01. Moreover, at the end of the last trading period, the closing price was at $24.28.

* JP Morgan initiated coverage on Sumo Logic Inc (NASDAQ:SUMO) with a Neutral rating. The price target for Sumo Logic is set to $24.00. At the moment, the stock has a 52-week-high of 28.45 and a 52-week-low of 21.01. Sumo Logic closed at $24.28 at the end of the last trading period.

* JP Morgan initiated coverage on Broadstone Net Lease Inc (NYSE:BNL) with an Overweight rating. The price target for Broadstone Net Lease is set to $20.00. The stock has a 52-week-high of 17.1 and a 52-week-low of 15.9. At the end of the last trading period, Broadstone Net Lease closed at $16.79.