Benzinga | Jul 28, 2020 09:37AM EDT

Benzinga's Top Upgrades, Downgrades For July 28, 2020

Upgrades

* SunTrust Robinson Humphrey upgraded the previous rating for Concho Resources Inc (NYSE:CXO) from Hold to Buy. For the first quarter, Concho Resources had an EPS of $0.72, compared to year-ago quarter EPS of $0.72. The current stock performance of Concho Resources shows a 52-week-high of $99.42 and a 52-week-low of $33.13. Moreover, at the end of the last trading period, the closing price was at $52.68.

* Craig-Hallum upgraded the previous rating for Vocera Communications Inc (NYSE:VCRA) from Hold to Buy. Vocera Communications earned $0.10 in the second quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.28 and a 52-week-low of $15.89. Vocera Communications closed at $23.47 at the end of the last trading period.

* Wells Fargo upgraded the previous rating for Spire Inc (NYSE:SR) from Equal-Weight to Overweight. In the second quarter, Spire showed an EPS of $2.75, compared to $2.90 from the year-ago quarter. The stock has a 52-week-high of $88.00 and a 52-week-low of $57.37. At the end of the last trading period, Spire closed at $61.17.

* According to Jefferies, the prior rating for Cloudflare Inc (NYSE:NET) was changed from Hold to Buy. Cloudflare earned ($0.04) in the first quarter. At the moment, the stock has a 52-week-high of $42.60 and a 52-week-low of $14.50. Cloudflare closed at $37.35 at the end of the last trading period.

* For Shopify Inc (NYSE:SHOP), Goldman Sachs upgraded the previous rating of Neutral to the current rating Buy. In the first quarter, Shopify showed an EPS of $0.19, compared to $0.09 from the year-ago quarter. The current stock performance of Shopify shows a 52-week-high of $1074.98 and a 52-week-low of $282.08. Moreover, at the end of the last trading period, the closing price was at $976.93.

* JP Morgan upgraded the previous rating for Avery Dennison Corp (NYSE:AVY) from Underweight to Neutral. For the second quarter, Avery Dennison had an EPS of $1.27, compared to year-ago quarter EPS of $1.72. The stock has a 52-week-high of $141.09 and a 52-week-low of $76.96. At the end of the last trading period, Avery Dennison closed at $115.75.



Downgrades

* DA Davidson downgraded the previous rating for Simpson Manufacturing Co Inc (NYSE:SSD) from Buy to Neutral. For the second quarter, Simpson Manufacturing Co had an EPS of $1.22, compared to year-ago quarter EPS of $0.88. The current stock performance of Simpson Manufacturing Co shows a 52-week-high of $95.65 and a 52-week-low of $47.02. Moreover, at the end of the last trading period, the closing price was at $94.02.

* For Tyler Technologies Inc (NYSE:TYL), Oppenheimer downgraded the previous rating of Outperform to the current rating Perform. For the first quarter, Tyler Technologies had an EPS of $1.25, compared to year-ago quarter EPS of $1.22. The current stock performance of Tyler Technologies shows a 52-week-high of $382.92 and a 52-week-low of $228.54. Moreover, at the end of the last trading period, the closing price was at $358.95.

* For Tesla Inc (NASDAQ:TSLA), Bernstein downgraded the previous rating of Market Perform to the current rating Underperform. Tesla earned $2.18 in the second quarter, compared to ($1.12) in the year-ago quarter. The stock has a 52-week-high of $1794.99 and a 52-week-low of $211.00. At the end of the last trading period, Tesla closed at $1539.60.

* For Redfin Corp (NASDAQ:RDFN), Susquehanna downgraded the previous rating of Neutral to the current rating Negative. For the first quarter, Redfin had an EPS of ($0.64), compared to year-ago quarter EPS of ($0.74). The stock has a 52-week-high of $44.00 and a 52-week-low of $9.63. At the end of the last trading period, Redfin closed at $43.49.

* JP Morgan downgraded the previous rating for Two Harbors Investment Corp (NYSE:TWO) from Overweight to Neutral. In the first quarter, Two Harbors Investment showed an EPS of $0.25, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of $15.85 and a 52-week-low of $2.25. At the end of the last trading period, Two Harbors Investment closed at $5.33.



Initiations

* JMP Securities initiated coverage on Altimmune Inc (NASDAQ:ALT) with a Market Outperform rating. The price target for Altimmune is set to $50.00. For the first quarter, Altimmune had an EPS of ($0.26), compared to year-ago quarter EPS of ($0.27). The current stock performance of Altimmune shows a 52-week-high of $35.10 and a 52-week-low of $1.51. Moreover, at the end of the last trading period, the closing price was at $22.43.

* For Tyson Foods Inc (NYSE:TSN), Seaport Global initiated coverage, by setting the current rating at Neutral. Tyson Foods earned $0.77 in the second quarter, compared to $1.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $94.24 and a 52-week-low of $42.57. Tyson Foods closed at $60.99 at the end of the last trading period.

* With a current rating of Buy, Seaport Global initiated coverage on Mondelez International Inc (NASDAQ:MDLZ). The price target seems to have been set at $61.00 for Mondelez International. Mondelez International earned No EPS Value in the second quarter, compared to $0.57 in the year-ago quarter. The current stock performance of Mondelez International shows a 52-week-high of $59.96 and a 52-week-low of $41.19. Moreover, at the end of the last trading period, the closing price was at $55.58.

* With a current rating of Buy, Seaport Global initiated coverage on Kellogg Co (NYSE:K). The price target seems to have been set at $76.00 for Kellogg. For the first quarter, Kellogg had an EPS of $0.99, compared to year-ago quarter EPS of $1.01. The current stock performance of Kellogg shows a 52-week-high of $71.05 and a 52-week-low of $52.66. Moreover, at the end of the last trading period, the closing price was at $69.92.

* With a current rating of Buy, Seaport Global initiated coverage on Archer-Daniels Midland Co (NYSE:ADM). The price target seems to have been set at $51.00 for Archer-Daniels Midland. Archer-Daniels Midland earned $0.64 in the first quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $47.20 and a 52-week-low of $28.92. At the end of the last trading period, Archer-Daniels Midland closed at $42.14.

* With a current rating of Neutral, B of A Securities initiated coverage on Saia Inc (NASDAQ:SAIA). The price target seems to have been set at $135.00 for Saia. In the first quarter, Saia showed an EPS of $1.06, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $132.62 and a 52-week-low of $61.46. At the end of the last trading period, Saia closed at $129.19.

* With a current rating of Overweight, Wells Fargo initiated coverage on Insulet Corp (NASDAQ:PODD). The price target seems to have been set at $231.00 for Insulet. For the first quarter, Insulet had an EPS of ($0.03), compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $228.79 and a 52-week-low of $115.56. At the end of the last trading period, Insulet closed at $192.55.

* Raymond James initiated coverage on Bristol-Myers Squibb Company (NYSE:BMY) with an Outperform rating. The price target for Bristol-Myers Squibb is set to $75.00. Bristol-Myers Squibb earned $1.72 in the first quarter, compared to $1.10 in the year-ago quarter. The current stock performance of Bristol-Myers Squibb shows a 52-week-high of $68.34 and a 52-week-low of $44.00. Moreover, at the end of the last trading period, the closing price was at $58.05.

* With a current rating of Overweight, Piper Sandler initiated coverage on Carvana Co (NYSE:CVNA). The price target seems to have been set at $211.00 for Carvana. In the first quarter, Carvana showed an EPS of ($1.18), compared to ($0.53) from the year-ago quarter. At the moment, the stock has a 52-week-high of $150.93 and a 52-week-low of $22.16. Carvana closed at $150.90 at the end of the last trading period.

* Piper Sandler initiated coverage on CarGurus Inc (NASDAQ:CARG) with a Neutral rating. The price target for CarGurus is set to $27.00. In the first quarter, CarGurus showed an EPS of $0.19, compared to $0.12 from the year-ago quarter. The current stock performance of CarGurus shows a 52-week-high of $40.91 and a 52-week-low of $14.25. Moreover, at the end of the last trading period, the closing price was at $25.63.

* Piper Sandler initiated coverage on GrubHub Inc (NYSE:GRUB) with a Neutral rating. The price target for GrubHub is set to $75.00. For the first quarter, GrubHub had an EPS of $0.00, compared to year-ago quarter EPS of $0.30. The current stock performance of GrubHub shows a 52-week-high of $80.25 and a 52-week-low of $29.35. Moreover, at the end of the last trading period, the closing price was at $71.05.

* Canaccord Genuity initiated coverage on Marrone Bio Innovations Inc (NASDAQ:MBII) with a Buy rating. The price target for Marrone Bio Innovations is set to $1.80. Marrone Bio Innovations earned ($0.05) in the first quarter, compared to ($0.04) in the year-ago quarter. The stock has a 52-week-high of $1.73 and a 52-week-low of $0.61. At the end of the last trading period, Marrone Bio Innovations closed at $1.15.

* Canaccord Genuity initiated coverage on Calyxt Inc (NASDAQ:CLXT) with a Buy rating. The price target for Calyxt is set to $8.00. In the first quarter, Calyxt showed an EPS of ($0.34), compared to ($0.23) from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.19 and a 52-week-low of $2.40. Calyxt closed at $4.42 at the end of the last trading period.

* Canaccord Genuity initiated coverage on Beyond Meat Inc (NASDAQ:BYND) with a Hold rating. The price target for Beyond Meat is set to $140.00. For the first quarter, Beyond Meat had an EPS of $0.03, compared to year-ago quarter EPS of ($0.14). The stock has a 52-week-high of $239.71 and a 52-week-low of $48.18. At the end of the last trading period, Beyond Meat closed at $126.72.