Benzinga | Oct 19, 2020 10:00AM EDT

Benzinga's Top Upgrades, Downgrades For October 19, 2020

Upgrades

* According to Guggenheim, the prior rating for Bristol-Myers Squibb Company (NYSE:BMY) was changed from Neutral to Buy. For the second quarter, Bristol-Myers Squibb had an EPS of $1.63, compared to year-ago quarter EPS of $1.18. 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 $61.25 at the end of the last trading period.

* For Textainer Group Holdings Ltd (NYSE:TGH), Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to the current rating Outperform. In the second quarter, Textainer Group Holdings showed an EPS of $0.28, compared to $0.16 from the year-ago quarter. The current stock performance of Textainer Group Holdings shows a 52-week-high of 15.35 and a 52-week-low of 5.5. Moreover, at the end of the last trading period, the closing price was at $14.33.

* For Microchip Technology Inc (NASDAQ:MCHP), Morgan Stanley upgraded the previous rating of Equal-Weight to the current rating Overweight. For the first quarter, Microchip Technology had an EPS of $1.56, compared to year-ago quarter EPS of $1.41. The stock has a 52-week-high of 116.56 and a 52-week-low of 53.15. At the end of the last trading period, Microchip Technology closed at $110.81.

* According to Barclays, the prior rating for Lincoln Electric Holdings Inc (NASDAQ:LECO) was changed from Equal-Weight to Overweight. In the second quarter, Lincoln Electric Holdings showed an EPS of $0.80, compared to $1.28 from the year-ago quarter. The current stock performance of Lincoln Electric Holdings shows a 52-week-high of 101.51 and a 52-week-low of 59.295. Moreover, at the end of the last trading period, the closing price was at $100.88.

* For O'Reilly Automotive Inc (NASDAQ:ORLY), Raymond James upgraded the previous rating of Market Perform to the current rating Outperform. For the second quarter, O'Reilly Automotive had an EPS of $7.10, compared to year-ago quarter EPS of $4.51. The current stock performance of O'Reilly Automotive shows a 52-week-high of 487.95 and a 52-week-low of 251.515. Moreover, at the end of the last trading period, the closing price was at $467.01.

* BMO Capital upgraded the previous rating for Kansas City Southern (NYSE:KSU) from Market Perform to Outperform. Kansas City Southern earned $1.96 in the third quarter, compared to $1.94 in the year-ago quarter. The current stock performance of Kansas City Southern shows a 52-week-high of 200.0 and a 52-week-low of 92.86. Moreover, at the end of the last trading period, the closing price was at $179.22.

* For Heritage-Crystal Clean Inc (NASDAQ:HCCI), Stifel upgraded the previous rating of Hold to the current rating Buy. Heritage-Crystal Clean earned $0.18 in the third quarter. The stock has a 52-week-high of 32.58 and a 52-week-low of 11.295. At the end of the last trading period, Heritage-Crystal Clean closed at $15.32.

* Keefe, Bruyette & Woods upgraded the previous rating for CAI International Inc (NYSE:CAI) from Market Perform to Outperform. For the second quarter, CAI International had an EPS of $0.78, compared to year-ago quarter EPS of $0.25. The current stock performance of CAI International shows a 52-week-high of 29.57 and a 52-week-low of 10.13. Moreover, at the end of the last trading period, the closing price was at $27.70.

* According to Barclays, the prior rating for AGCO Corp (NYSE:AGCO) was changed from Underweight to Equal-Weight. For the second quarter, AGCO had an EPS of $1.11, compared to year-ago quarter EPS of $1.82. At the moment, the stock has a 52-week-high of 83.57 and a 52-week-low of 35.33. AGCO closed at $81.47 at the end of the last trading period.

* JP Morgan upgraded the previous rating for Archer-Daniels Midland Co (NYSE:ADM) from Neutral to Overweight. Archer-Daniels Midland earned $0.85 in the second quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Archer-Daniels Midland shows a 52-week-high of 50.22 and a 52-week-low of 28.92. Moreover, at the end of the last trading period, the closing price was at $49.79.



Downgrades

* For Snap-on Inc (NYSE:SNA), Longbow Research downgraded the previous rating of Neutral to the current rating Underperform. For the second quarter, Snap-on had an EPS of $1.91, compared to year-ago quarter EPS of $3.22. At the moment, the stock has a 52-week-high of 172.61 and a 52-week-low of 90.72. Snap-on closed at $159.18 at the end of the last trading period.

* Evercore ISI Group downgraded the previous rating for Paramount Group Inc (NYSE:PGRE) from Outperform to In-Line. For the second quarter, Paramount Group had an EPS of $0.23, compared to year-ago quarter EPS of $0.23. The current stock performance of Paramount Group shows a 52-week-high of 15.0 and a 52-week-low of 6.42. Moreover, at the end of the last trading period, the closing price was at $6.73.

* Deutsche Bank downgraded the previous rating for Mednax Inc (NYSE:MD) from Hold to Sell. Mednax earned $0.32 in the second quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of 28.66 and a 52-week-low of 7.37. At the end of the last trading period, Mednax closed at $14.89.

* Union Gaming downgraded the previous rating for Las Vegas Sands Corp (NYSE:LVS) from Buy to Hold. In the second quarter, Las Vegas Sands showed an EPS of $1.05, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of 74.29 and a 52-week-low of 33.3. Las Vegas Sands closed at $45.37 at the end of the last trading period.

* According to B of A Securities, the prior rating for Aerie Pharmaceuticals Inc (NASDAQ:AERI) was changed from Neutral to Underperform. In the second quarter, Aerie Pharmaceuticals showed an EPS of $1.05, compared to $0.80 from the year-ago quarter. The current stock performance of Aerie Pharmaceuticals shows a 52-week-high of 26.26 and a 52-week-low of 10.22. Moreover, at the end of the last trading period, the closing price was at $11.64.

* For United Rentals Inc (NYSE:URI), Barclays downgraded the previous rating of Equal-Weight to the current rating Underweight. United Rentals earned $3.68 in the second quarter, compared to $4.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of 203.57 and a 52-week-low of 58.85. United Rentals closed at $192.95 at the end of the last trading period.

* For Allscripts Healthcare Solutions Inc (NASDAQ:MDRX), Baird downgraded the previous rating of Outperform to the current rating Neutral. In the second quarter, Allscripts Healthcare showed an EPS of $0.18, compared to $0.17 from the year-ago quarter. The current stock performance of Allscripts Healthcare shows a 52-week-high of 11.82 and a 52-week-low of 4.56. Moreover, at the end of the last trading period, the closing price was at $11.07.

* For Host Hotels & Resorts Inc (NYSE:HST), Baird downgraded the previous rating of Outperform to the current rating Neutral. For the second quarter, Host Hotels & Resorts had an EPS of $0.26, compared to year-ago quarter EPS of $0.53. The current stock performance of Host Hotels & Resorts shows a 52-week-high of 18.9 and a 52-week-low of 7.855. Moreover, at the end of the last trading period, the closing price was at $10.96.

* For Corteva Inc (NYSE:CTVA), Exane BNP Paribas downgraded the previous rating of Outperform to the current rating Underperform. Corteva earned $1.26 in the second quarter, compared to $1.42 in the year-ago quarter. The current stock performance of Corteva shows a 52-week-high of 34.41 and a 52-week-low of 20.38. Moreover, at the end of the last trading period, the closing price was at $34.06.

* JP Morgan downgraded the previous rating for Afya Ltd (NASDAQ:AFYA) from Overweight to Neutral. In the second quarter, Afya showed an EPS of $0.12, compared to $6.44 from the year-ago quarter. The stock has a 52-week-high of 34.87 and a 52-week-low of 13.98. At the end of the last trading period, Afya closed at $26.86.

* According to JP Morgan, the prior rating for AMC Networks Inc (NASDAQ:AMCX) was changed from Neutral to Underweight. In the second quarter, AMC Networks showed an EPS of $2.39, compared to $2.60 from the year-ago quarter. The stock has a 52-week-high of 48.5 and a 52-week-low of 19.62. vv vvvv At the end of the last trading period, AMC Networks closed at $23.27.

* For Clear Channel Outdoor Holdings Inc (NYSE:CCO), JP Morgan downgraded the previous rating of Neutral to the current rating Underweight. Clear Channel Outdoor earned $0.30 in the second quarter, compared to $0.01 in the year-ago quarter. The current stock performance of Clear Channel Outdoor shows a 52-week-high of 3.1 and a 52-week-low of 0.3625. Moreover, at the end of the last trading period, the closing price was at $1.03.



Initiations

* Goldman Sachs initiated coverage on Taysha Gene Therapies Inc (NASDAQ:TSHA) with a Buy rating. The price target for Taysha Gene Therapies is set to $31.00. The current stock performance of Taysha Gene Therapies shows a 52-week-high of 27.53 and a 52-week-low of 18.16. Moreover, at the end of the last trading period, the closing price was at $21.80.

* With a current rating of Buy, Roth Capital initiated coverage on Laird Superfood Inc (AMEX:LSF). The price target seems to have been set at $57.00 for Laird Superfood. The current stock performance of Laird Superfood shows a 52-week-high of 51.89 and a 52-week-low of 31.0. Moreover, at the end of the last trading period, the closing price was at $48.94.

* Raymond James initiated coverage on GoodRx Holdings Inc (NASDAQ:GDRX) with a Market Perform rating. The current stock performance of GoodRx Holdings shows a 52-week-high of 64.2185 and a 52-week-low of 45.5. Moreover, at the end of the last trading period, the closing price was at $53.02.

* With a current rating of Strong Buy, Raymond James initiated coverage on 89bio Inc (NASDAQ:ETNB). The price target seems to have been set at $65.00 for 89bio. In the second quarter, 89bio earned $0.85. The stock has a 52-week-high of 47.2532 and a 52-week-low of 14.0001. At the end of the last trading period, 89bio closed at $23.73.

* JP Morgan initiated coverage on GoodRx Holdings Inc (NASDAQ:GDRX) with a Neutral rating. The price target for GoodRx Holdings is set to $59.00. At the moment, the stock has a 52-week-high of 64.2185 and a 52-week-low of 45.5. GoodRx Holdings closed at $53.02 at the end of the last trading period.

* With a current rating of Buy, Seaport Global initiated coverage on Sonic Automotive Inc (NYSE:SAH). The price target seems to have been set at $47.00 for Sonic Automotive. In the second quarter, Sonic Automotive showed an EPS of $0.64, compared to $0.62 from the year-ago quarter. The current stock performance of Sonic Automotive shows a 52-week-high of 46.84 and a 52-week-low of 9.0. Moreover, at the end of the last trading period, the closing price was at $39.58.

* With a current rating of Buy, Seaport Global initiated coverage on Penske Automotive Group Inc (NYSE:PAG). The price target seems to have been set at $60.00 for Penske Automotive Group. Penske Automotive Group earned $0.56 in the second quarter, compared to $1.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of 56.11 and a 52-week-low of 19.99. Penske Automotive Group closed at $55.20 at the end of the last trading period.

* Seaport Global initiated coverage on Lithia Motors Inc (NYSE:LAD) with a Buy rating. The price target for Lithia Motors is set to $305.00. Lithia Motors earned $3.72 in the second quarter, compared to $2.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of 288.56 and a 52-week-low of 55.74. Lithia Motors closed at $274.56 at the end of the last trading period.

* With a current rating of Buy, Seaport Global initiated coverage on Group 1 Automotive Inc (NYSE:GPI). The price target seems to have been set at $165.00 for Group 1 Automotive. Group 1 Automotive earned $3.77 in the second quarter, compared to $2.83 in the year-ago quarter. The stock has a 52-week-high of 128.978 and a 52-week-low of 26.255. At the end of the last trading period, Group 1 Automotive closed at $125.81.

* With a current rating of Buy, Seaport Global initiated coverage on CarMax Inc (NYSE:KMX). The price target seems to have been set at $113.00 for CarMax. For the second quarter, CarMax had an EPS of $1.79, compared to year-ago quarter EPS of $1.40. The current stock performance of CarMax shows a 52-week-high of 109.31 and a 52-week-low of 37.59. Moreover, at the end of the last trading period, the closing price was at $93.72.

* With a current rating of Outperform, Baird initiated coverage on Corsair Gaming Inc (NASDAQ:CRSR). The price target seems to have been set at $23.00 for Corsair Gaming. The current stock performance of Corsair Gaming shows a 52-week-high of 22.5 and a 52-week-low of 14.09. Moreover, at the end of the last trading period, the closing price was at $19.20.

* For AutoNation Inc (NYSE:AN), Seaport Global initiated coverage, by setting the current rating at Neutral. AutoNation earned $1.41 in the second quarter, compared to $1.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of 63.46 and a 52-week-low of 20.59. AutoNation closed at $62.26 at the end of the last trading period.

* With a current rating of Outperform, Baird initiated coverage on Bentley Systems Inc (NASDAQ:BSY). The price target seems to have been set at $43.00 for Bentley Systems. At the moment, the stock has a 52-week-high of 40.3849 and a 52-week-low of 27.0. Bentley Systems closed at $39.99 at the end of the last trading period.