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

Author: Benzinga Insights | November 16, 2020 11:00am

Upgrades

For International Paper Co (NYSE:IP), Citigroup upgraded the previous rating of Neutral to the current rating Buy. For the third quarter, International Paper had an EPS of $0.71, compared to year-ago quarter EPS of $1.09. The current stock performance of International Paper shows a 52-week-high of 50.33 and a 52-week-low of 26.38. Moreover, at the end of the last trading period, the closing price was at $47.87.
For Uniti Group Inc (NASDAQ:UNIT), Citigroup upgraded the previous rating of Sell to the current rating Neutral. In the third quarter, Uniti Group showed an EPS of $0.42, compared to $0.47 from the year-ago quarter. The current stock performance of Uniti Group shows a 52-week-high of 11.08 and a 52-week-low of 4.86. Moreover, at the end of the last trading period, the closing price was at $9.60.
For TransDigm Group Inc (NYSE:TDG), Baird upgraded the previous rating of Neutral to the current rating Outperform. In the fourth quarter, TransDigm Gr showed an EPS of $2.89, compared to $5.62 from the year-ago quarter. The current stock performance of TransDigm Gr shows a 52-week-high of 673.51 and a 52-week-low of 200.06. Moreover, at the end of the last trading period, the closing price was at $567.21.
Nomura Instinet upgraded the previous rating for Pinduoduo Inc (NASDAQ:PDD) from Neutral to Buy. In the third quarter, Pinduoduo showed an EPS of $0.05, compared to $0.20 from the year-ago quarter. The current stock performance of Pinduoduo shows a 52-week-high of 155.61 and a 52-week-low of 30.2. Moreover, at the end of the last trading period, the closing price was at $151.29.
BMO Capital upgraded the previous rating for Yamana Gold Inc (NYSE:AUY) from Market Perform to Outperform. For the third quarter, Yamana Gold had an EPS of $0.10, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of 7.02 and a 52-week-low of 2.23. Yamana Gold closed at $5.49 at the end of the last trading period.
For Li Auto Inc (NASDAQ:LI), Citigroup upgraded the previous rating of Neutral to the current rating Buy. Li Auto Inc earned $0.00 in the third quarter. At the moment, the stock has a 52-week-high of 40.8055 and a 52-week-low of 14.31. Li Auto Inc closed at $31.20 at the end of the last trading period.
Wolfe Research upgraded the previous rating for Entergy Corp (NYSE:ETR) from Peer Perform to Outperform. Entergy earned $2.44 in the third quarter, compared to $2.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of 135.55 and a 52-week-low of 75.195. Entergy closed at $109.18 at the end of the last trading period.
According to Raymond James, the prior rating for Hewlett Packard Enterprise Co (NYSE:HPE) was changed from Market Perform to Outperform. In the third quarter, Hewlett Packard showed an EPS of $0.32, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of 17.58 and a 52-week-low of 7.43. At the end of the last trading period, Hewlett Packard closed at $10.15.
According to Raymond James, the prior rating for ACADIA Pharmaceuticals Inc (NASDAQ:ACAD) was changed from Outperform to Strong Buy. ACADIA Pharmaceuticals earned $0.54 in the third quarter, compared to $0.29 in the year-ago quarter. The current stock performance of ACADIA Pharmaceuticals shows a 52-week-high of 58.72 and a 52-week-low of 30.02. Moreover, at the end of the last trading period, the closing price was at $51.57.
For Tapestry Inc (NYSE:TPR), JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. For the first quarter, Tapestry had an EPS of $0.58, compared to year-ago quarter EPS of $0.40. The current stock performance of Tapestry shows a 52-week-high of 30.4 and a 52-week-low of 10.18. Moreover, at the end of the last trading period, the closing price was at $26.35.
Piper Sandler upgraded the previous rating for Taubman Centers Inc (NYSE:TCO) from Underweight to Neutral. For the third quarter, Taubman Centers had an EPS of $0.60, compared to year-ago quarter EPS of $0.86. The current stock performance of Taubman Centers shows a 52-week-high of 53.4 and a 52-week-low of 26.24. Moreover, at the end of the last trading period, the closing price was at $39.50.
For F5 Networks Inc (NASDAQ:FFIV), JP Morgan upgraded the previous rating of Neutral to the current rating Overweight. F5 Networks earned $2.43 in the fourth quarter, compared to $2.59 in the year-ago quarter. At the moment, the stock has a 52-week-high of 162.5 and a 52-week-low of 79.78. F5 Networks closed at $159.46 at the end of the last trading period.
For Bristol-Myers Squibb Company (NYSE:BMY), Societe Generale upgraded the previous rating of Hold to the current rating Buy. Bristol-Myers Squibb earned $1.63 in the third quarter, compared to $1.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of 68.34 and a 52-week-low of 45.76. Bristol-Myers Squibb closed at $63.62 at the end of the last trading period.

Downgrades

For OGE Energy Corp (NYSE:OGE), Mizuho downgraded the previous rating of Buy to the current rating Neutral. OGE Energy earned $1.04 in the third quarter, compared to $1.25 in the year-ago quarter. The current stock performance of OGE Energy shows a 52-week-high of 46.43 and a 52-week-low of 23.005. Moreover, at the end of the last trading period, the closing price was at $33.94.
According to Wolfe Research, the prior rating for American Electric Power Co Inc (NASDAQ:AEP) was changed from Outperform to Peer Perform. In the third quarter, American Electric Power showed an EPS of $1.47, compared to $1.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of 104.97 and a 52-week-low of 65.135. American Electric Power closed at $89.87 at the end of the last trading period.
According to Wells Fargo, the prior rating for Welltower Inc (NYSE:WELL) was changed from Overweight to Equal-Weight. Welltower earned $0.84 in the third quarter, compared to $1.05 in the year-ago quarter. The current stock performance of Welltower shows a 52-week-high of 89.99 and a 52-week-low of 24.27. Moreover, at the end of the last trading period, the closing price was at $65.54.
According to JP Morgan, the prior rating for Urovant Sciences Ltd (NASDAQ:UROV) was changed from Overweight to Neutral. Urovant Sciences earned $1.12 in the second quarter, compared to $0.85 in the year-ago quarter. The stock has a 52-week-high of 16.08 and a 52-week-low of 6.55. At the end of the last trading period, Urovant Sciences closed at $16.02.
According to Oppenheimer, the prior rating for SVB Financial Group (NASDAQ:SIVB) was changed from Outperform to Perform. In the third quarter, SVB Financial showed an EPS of $8.47, compared to $5.15 from the year-ago quarter. The stock has a 52-week-high of 349.4534 and a 52-week-low of 127.39. At the end of the last trading period, SVB Financial closed at $345.91.
For Sage Therapeutics Inc (NASDAQ:SAGE), Morgan Stanley downgraded the previous rating of Overweight to the current rating Equal-Weight. In the third quarter, Sage Therapeutics showed an EPS of $2.03, compared to $3.48 from the year-ago quarter. The current stock performance of Sage Therapeutics shows a 52-week-high of 155.33 and a 52-week-low of 25.01. Moreover, at the end of the last trading period, the closing price was at $79.52.
According to Jefferies, the prior rating for Tilray Inc (NASDAQ:TLRY) was changed from Hold to Underperform. For the third quarter, Tilray had an EPS of $0.02, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of 23.8 and a 52-week-low of 2.43. Tilray closed at $7.65 at the end of the last trading period.

Initiations

With a current rating of Buy, Deutsche Bank initiated coverage on Keysight Technologies Inc (NYSE:KEYS). The price target seems to have been set at $129.00 for Keysight Technologies. In the third quarter, Keysight Technologies showed an EPS of $1.19, compared to $1.25 from the year-ago quarter. The stock has a 52-week-high of 117.92 and a 52-week-low of 77.93. At the end of the last trading period, Keysight Technologies closed at $116.11.
With a current rating of Neutral, B of A Securities initiated coverage on McAfee Corp (NASDAQ:MCFE). The price target seems to have been set at $19.00 for McAfee. The current stock performance of McAfee shows a 52-week-high of 18.91 and a 52-week-low of 15.42. Moreover, at the end of the last trading period, the closing price was at $17.16.
Morgan Stanley initiated coverage on Abcam PLC (NASDAQ:ABCM) with a Equal-Weight rating. The price target for Abcam is set to $21.00. The stock has a 52-week-high of 20.87 and a 52-week-low of 17.88. At the end of the last trading period, Abcam closed at $18.73.
Citigroup initiated coverage on MultiPlan Corp (NYSE:MPLN) with a Buy rating. The price target for MultiPlan is set to $10.00. MultiPlan earned $0.28 in the third quarter. The stock has a 52-week-high of 9.535 and a 52-week-low of 6.12. At the end of the last trading period, MultiPlan closed at $6.70.
With a current rating of Overweight, Morgan Stanley initiated coverage on McAfee Corp (NASDAQ:MCFE). The price target seems to have been set at $25.00 for McAfee. The current stock performance of McAfee shows a 52-week-high of 18.91 and a 52-week-low of 15.42. Moreover, at the end of the last trading period, the closing price was at $17.16.
Mizuho initiated coverage on McAfee Corp (NASDAQ:MCFE) with a Buy rating. The price target for McAfee is set to $25.00. At the moment, the stock has a 52-week-high of 18.91 and a 52-week-low of 15.42. McAfee closed at $17.16 at the end of the last trading period.
With a current rating of In-Line, Evercore ISI Group initiated coverage on Electronic Arts Inc (NASDAQ:EA). The price target seems to have been set at $135.00 for Electronic Arts. In the second quarter, Electronic Arts showed an EPS of $0.05, compared to $0.97 from the year-ago quarter. The current stock performance of Electronic Arts shows a 52-week-high of 147.36 and a 52-week-low of 85.69. Moreover, at the end of the last trading period, the closing price was at $120.80.
With a current rating of Buy, Stifel initiated coverage on BigCommerce Holdings Inc (NASDAQ:BIGC). The price target seems to have been set at $80.00 for BigCommerce Holdings. Interestingly, in the third quarter, BigCommerce Holdings's EPS was $0.16. At the moment, the stock has a 52-week-high of 162.5 and a 52-week-low of 63.7716. BigCommerce Holdings closed at $66.79 at the end of the last trading period.
SVB Leerink initiated coverage on Abcam PLC (NASDAQ:ABCM) with an Outperform rating. The price target for Abcam is set to $22.00. The current stock performance of Abcam shows a 52-week-high of 20.87 and a 52-week-low of 17.88. Moreover, at the end of the last trading period, the closing price was at $18.73.
Needham initiated coverage on Chewy Inc (NYSE:CHWY) with a Buy rating. The price target for Chewy is set to $75.00. In the second quarter, Chewy showed an EPS of $0.08, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of 74.84 and a 52-week-low of 20.62. Chewy closed at $62.87 at the end of the last trading period.
With a current rating of Overweight, JP Morgan initiated coverage on Guild Holdings Co (NYSE:GHLD). The price target seems to have been set at $17.50 for Guild Holdings. The current stock performance of Guild Holdings shows a 52-week-high of 15.48 and a 52-week-low of 13.89. Moreover, at the end of the last trading period, the closing price was at $14.62.
Goldman Sachs initiated coverage on McAfee Corp (NASDAQ:MCFE) with a Buy rating. The price target for McAfee is set to $26.00. At the moment, the stock has a 52-week-high of 18.91 and a 52-week-low of 15.42. McAfee closed at $17.16 at the end of the last trading period.
RBC Capital initiated coverage on Datto Holding Corp (NYSE:MSP) with an Outperform rating. The price target for Datto Holding is set to $39.00. The stock has a 52-week-high of 33.46 and a 52-week-low of 27.34. At the end of the last trading period, Datto Holding closed at $32.71.
With a current rating of Outperform, BMO Capital initiated coverage on Datto Holding Corp (NYSE:MSP). The price target seems to have been set at $38.00 for Datto Holding. The current stock performance of Datto Holding shows a 52-week-high of 33.46 and a 52-week-low of 27.34. Moreover, at the end of the last trading period, the closing price was at $32.71.
Jefferies initiated coverage on Datto Holding Corp (NYSE:MSP) with a Hold rating. The price target for Datto Holding is set to $35.00. The stock has a 52-week-high of 33.46 and a 52-week-low of 27.34. At the end of the last trading period, Datto Holding closed at $32.71.