Benzinga's Top Ratings Upgrades, Downgrades For March 27, 2023
Upgrades
According to Argus Research, the prior rating for JM Smucker Co (NYSE:SJM) was changed from Hold to Buy. In the third quarter, JM Smucker showed an EPS of $2.21, compared to $2.33 from the year-ago quarter. The stock has a 52-week-high of $163.07 and a 52-week-low of $119.95. At the end of the last trading period, JM Smucker closed at $154.69.
For Victory Capital Holdings Inc (NASDAQ:VCTR), Piper Sandler upgraded the previous rating of Underweight to Overweight. In the fourth quarter, Victory Capital Holdings showed an EPS of $1.05, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.01 and a 52-week-low of $22.22. Victory Capital Holdings closed at $29.21 at the end of the last trading period.
UBS upgraded the previous rating for Pinterest Inc (NYSE:PINS) from Neutral to Buy. In the fourth quarter, Pinterest showed an EPS of $0.29, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of $29.17 and a 52-week-low of $16.14. At the end of the last trading period, Pinterest closed at $27.47.
According to Susquehanna, the prior rating for Roku Inc (NASDAQ:ROKU) was changed from Neutral to Positive. In the fourth quarter, Roku showed an EPS of $1.70, compared to $0.17 from the year-ago quarter. The current stock performance of Roku shows a 52-week-high of $139.54 and a 52-week-low of $38.27. Moreover, at the end of the last trading period, the closing price was at $60.00.
According to SVB Leerink, the prior rating for Regeneron Pharmaceuticals Inc (NASDAQ:REGN) was changed from Market Perform to Outperform. Regeneron Pharmaceuticals earned $12.56 in the fourth quarter, compared to $23.42 in the year-ago quarter. The current stock performance of Regeneron Pharmaceuticals shows a 52-week-high of $824.00 and a 52-week-low of $538.27. Moreover, at the end of the last trading period, the closing price was at $820.00.
According to BMO Capital, the prior rating for Equinix Inc (NASDAQ:EQIX) was changed from Market Perform to Outperform. In the fourth quarter, Equinix showed an EPS of $7.09, compared to $6.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $775.00 and a 52-week-low of $495.11. Equinix closed at $681.70 at the end of the last trading period.
According to Piper Sandler, the prior rating for Virtus Investment Partners Inc (NASDAQ:VRTS) was changed from Neutral to Overweight. For the fourth quarter, Virtus Inv had an EPS of $5.17, compared to year-ago quarter EPS of $10.36. The current stock performance of Virtus Inv shows a 52-week-high of $248.82 and a 52-week-low of $141.80. Moreover, at the end of the last trading period, the closing price was at $168.25.
Citigroup upgraded the previous rating for M&T Bank Corp (NYSE:MTB) from Neutral to Buy. For the fourth quarter, M&T Bank had an EPS of $4.57, compared to year-ago quarter EPS of $3.50. The current stock performance of M&T Bank shows a 52-week-high of $193.35 and a 52-week-low of $110.00. Moreover, at the end of the last trading period, the closing price was at $114.93.
For KeyCorp (NYSE:KEY), Citigroup upgraded the previous rating of Neutral to Buy. KeyCorp earned $0.38 in the fourth quarter, compared to $0.64 in the year-ago quarter. The current stock performance of KeyCorp shows a 52-week-high of $24.05 and a 52-week-low of $9.61. Moreover, at the end of the last trading period, the closing price was at $11.86.
For Marqeta Inc (NASDAQ:MQ), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the fourth quarter, Marqeta had an EPS of $0.05, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $12.41 and a 52-week-low of $3.46. At the end of the last trading period, Marqeta closed at $3.57.
According to Deutsche Bank, the prior rating for Corning Inc (NYSE:GLW) was changed from Hold to Buy. In the fourth quarter, Corning showed an EPS of $0.47, compared to $0.54 from the year-ago quarter. The stock has a 52-week-high of $38.70 and a 52-week-low of $28.98. At the end of the last trading period, Corning closed at $32.85.
According to Keybanc, the prior rating for Conmed Corp (NYSE:CNMD) was changed from Sector Weight to Overweight. For the fourth quarter, Conmed had an EPS of $0.42, compared to year-ago quarter EPS of $1.07. The stock has a 52-week-high of $156.24 and a 52-week-low of $71.25. At the end of the last trading period, Conmed closed at $97.00.
See all analyst ratings upgrades.
Downgrades
For Berkshire Grey Inc (NASDAQ:BGRY), Craig-Hallum downgraded the previous rating of Buy to Hold. For the third quarter, Berkshire Grey had an EPS of $0.11, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $3.95 and a 52-week-low of $0.51. Berkshire Grey closed at $1.14 at the end of the last trading period.
For DISH Network Corp (NASDAQ:DISH), UBS downgraded the previous rating of Buy to Neutral. In the fourth quarter, DISH Network showed an EPS of $1.47, compared to $0.87 from the year-ago quarter. The current stock performance of DISH Network shows a 52-week-high of $33.72 and a 52-week-low of $8.43. Moreover, at the end of the last trading period, the closing price was at $8.75.
According to Jefferies, the prior rating for Leidos Holdings Inc (NYSE:LDOS) was changed from Buy to Hold. Leidos Holdings earned $1.83 in the fourth quarter, compared to $1.56 in the year-ago quarter. The current stock performance of Leidos Holdings shows a 52-week-high of $111.12 and a 52-week-low of $87.31. Moreover, at the end of the last trading period, the closing price was at $91.38.
For Digital Realty Trust Inc (NYSE:DLR), BMO Capital downgraded the previous rating of Outperform to Market Perform. Digital Realty Trust earned $1.65 in the fourth quarter, compared to $1.67 in the year-ago quarter. The current stock performance of Digital Realty Trust shows a 52-week-high of $153.49 and a 52-week-low of $85.76. Moreover, at the end of the last trading period, the closing price was at $94.37.
For Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI), Citigroup downgraded the previous rating of Neutral to Sell. In the fourth quarter, Ollie's Bargain Outlet showed an EPS of $0.84, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $72.25 and a 52-week-low of $39.76. At the end of the last trading period, Ollie's Bargain Outlet closed at $58.10.
For Wingstop Inc (NASDAQ:WING), Jefferies downgraded the previous rating of Hold to Underperform. For the fourth quarter, Wingstop had an EPS of $0.60, compared to year-ago quarter EPS of $0.24. The current stock performance of Wingstop shows a 52-week-high of $193.74 and a 52-week-low of $67.75. Moreover, at the end of the last trading period, the closing price was at $184.29.
According to Baird, the prior rating for United Rentals Inc (NYSE:URI) was changed from Neutral to Underperform. For the fourth quarter, United Rentals had an EPS of $9.74, compared to year-ago quarter EPS of $7.39. The stock has a 52-week-high of $481.99 and a 52-week-low of $230.54. At the end of the last trading period, United Rentals closed at $370.78.
Baird downgraded the previous rating for Caterpillar Inc (NYSE:CAT) from Neutral to Underperform. In the fourth quarter, Caterpillar showed an EPS of $3.86, compared to $2.69 from the year-ago quarter. The stock has a 52-week-high of $266.04 and a 52-week-low of $160.66. At the end of the last trading period, Caterpillar closed at $217.01.
Wolfe Research downgraded the previous rating for Remitly Global Inc (NASDAQ:RELY) from Outperform to Peer Perform. For the fourth quarter, Remitly Global had an EPS of $0.11, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $17.03 and a 52-week-low of $6.66. Remitly Global closed at $16.88 at the end of the last trading period.
According to Morgan Stanley, the prior rating for Frontier Communications Parent Inc (NASDAQ:FYBR) was changed from Equal-Weight to Underweight. Frontier Communications earned $0.63 in the fourth quarter, compared to $0.77 in the year-ago quarter. The current stock performance of Frontier Communications shows a 52-week-high of $30.83 and a 52-week-low of $20.87. Moreover, at the end of the last trading period, the closing price was at $23.57.
See all analyst ratings downgrades.
Initiations
RF Lafferty initiated coverage on The Lion Electric Co (NYSE:LEV) with a Buy rating. The price target for Lion Electric is set to $7.00. Lion Electric earned $0.02 in the fourth quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.20 and a 52-week-low of $1.78. Lion Electric closed at $1.85 at the end of the last trading period.
Melius Research initiated coverage on United Parcel Service Inc (NYSE:UPS) with a Buy rating. The price target for United Parcel Service is set to $225.00. In the fourth quarter, United Parcel Service showed an EPS of $3.62, compared to $3.59 from the year-ago quarter. The current stock performance of United Parcel Service shows a 52-week-high of $223.91 and a 52-week-low of $154.91. Moreover, at the end of the last trading period, the closing price was at $186.07.
With a Hold rating, Melius Research initiated coverage on FedEx Corp (NYSE:FDX). The price target seems to have been set at $240.00 for FedEx. For the third quarter, FedEx had an EPS of $3.41, compared to year-ago quarter EPS of $4.59. At the moment, the stock has a 52-week-high of $248.65 and a 52-week-low of $141.92. FedEx closed at $217.60 at the end of the last trading period.
With a Buy rating, Craig-Hallum initiated coverage on Backblaze Inc (NASDAQ:BLZE). The price target seems to have been set at $8.00 for Backblaze. Backblaze earned $0.27 in the fourth quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $11.57 and a 52-week-low of $3.83. At the end of the last trading period, Backblaze closed at $4.94.
WestPark Capital initiated coverage on Tenable Holdings Inc (NASDAQ:TENB) with a Hold rating. In the fourth quarter, Tenable Holdings showed an EPS of $0.12, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $63.61 and a 52-week-low of $28.80. At the end of the last trading period, Tenable Holdings closed at $44.69.
Morgan Stanley initiated coverage on Model N Inc (NYSE:MODN) with an Overweight rating. The price target for Model N is set to $43.00. Model N earned $0.23 in the first quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Model N shows a 52-week-high of $43.18 and a 52-week-low of $21.03. Moreover, at the end of the last trading period, the closing price was at $31.95.
