Benzinga's Top Ratings Upgrades, Downgrades For March 28, 2022
Upgrades
According to Morgan Stanley, the prior rating for Bank of New York Mellon Corp (NYSE:BK) was changed from Underweight to Equal-Weight. In the fourth quarter, Bank of New York Mellon showed an EPS of $1.04, compared to $0.96 from the year-ago quarter. The current stock performance of Bank of New York Mellon shows a 52-week-high of $64.63 and a 52-week-low of $44.70. Moreover, at the end of the last trading period, the closing price was at $52.74.
According to Morgan Stanley, the prior rating for Bank of America Corp (NYSE:BAC) was changed from Underweight to Equal-Weight. In the fourth quarter, Bank of America showed an EPS of $0.82, compared to $0.59 from the year-ago quarter. The stock has a 52-week-high of $50.11 and a 52-week-low of $36.51. At the end of the last trading period, Bank of America closed at $43.73.
Goldman Sachs upgraded the previous rating for KLA Corp (NASDAQ:KLAC) from Neutral to Buy. For the second quarter, KLA had an EPS of $5.59, compared to year-ago quarter EPS of $3.24. At the moment, the stock has a 52-week-high of $457.12 and a 52-week-low of $285.89. KLA closed at $366.44 at the end of the last trading period.
RBC Capital upgraded the previous rating for The Duckhorn Portfolio Inc (NYSE:NAPA) from Sector Perform to Outperform. At the moment, the stock has a 52-week-high of $25.25 and a 52-week-low of $16.16. Duckhorn Portfolio closed at $17.36 at the end of the last trading period.
According to JP Morgan, the prior rating for Illinois Tool Works Inc (NYSE:ITW) was changed from Neutral to Overweight. For the fourth quarter, Illinois Tool Works had an EPS of $1.95, compared to year-ago quarter EPS of $2.02. At the moment, the stock has a 52-week-high of $249.81 and a 52-week-low of $202.79. Illinois Tool Works closed at $211.75 at the end of the last trading period.
JP Morgan upgraded the previous rating for Deere & Co (NYSE:DE) from Underweight to Neutral. For the first quarter, Deere had an EPS of $2.92, compared to year-ago quarter EPS of $3.87. At the moment, the stock has a 52-week-high of $436.94 and a 52-week-low of $320.50. Deere closed at $436.45 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
According to B of A Securities, the prior rating for The Honest Co Inc (NASDAQ:HNST) was changed from Neutral to Underperform. In the fourth quarter, Honest Co showed an EPS of $0.10, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.88 and a 52-week-low of $4.20. Honest Co closed at $4.68 at the end of the last trading period.
According to Wells Fargo, the prior rating for Guild Holdings Co (NYSE:GHLD) was changed from Overweight to Equal-Weight. Guild Holdings earned $0.37 in the fourth quarter, compared to $1.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.61 and a 52-week-low of $10.31. Guild Holdings closed at $11.04 at the end of the last trading period.
For KB Home (NYSE:KBH), Wolfe Research downgraded the previous rating of Outperform to Peer Perform. KB Home earned $1.47 in the first quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $52.48 and a 52-week-low of $33.38. KB Home closed at $33.69 at the end of the last trading period.
For Sleep Number Corp (NASDAQ:SNBR), Wedbush downgraded the previous rating of Outperform to Neutral. For the fourth quarter, Sleep Number had an EPS of $0.47, compared to year-ago quarter EPS of $2.19. The stock has a 52-week-high of $150.85 and a 52-week-low of $55.18. At the end of the last trading period, Sleep Number closed at $57.43.
For CF Industries Holdings Inc (NYSE:CF), Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. CF Industries Holdings earned $3.27 in the fourth quarter, compared to $0.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $109.80 and a 52-week-low of $43.19. CF Industries Holdings closed at $109.52 at the end of the last trading period.
For Nutrien Ltd (NYSE:NTR), Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. For the fourth quarter, Nutrien had an EPS of $2.47, compared to year-ago quarter EPS of $0.24. The current stock performance of Nutrien shows a 52-week-high of $108.84 and a 52-week-low of $52.28. Moreover, at the end of the last trading period, the closing price was at $108.43.
Truist Securities downgraded the previous rating for SL Green Realty Corp (NYSE:SLG) from Buy to Hold. In the fourth quarter, SL Green Realty showed an EPS of $1.52, compared to $1.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $85.65 and a 52-week-low of $66.50. SL Green Realty closed at $82.38 at the end of the last trading period.
According to Craig-Hallum, the prior rating for NeuroOne Medical Technologies Corp (NASDAQ:NMTC) was changed from Buy to Hold. The current stock performance of NeuroOne Medical Tech shows a 52-week-high of $10.00 and a 52-week-low of $1.62. Moreover, at the end of the last trading period, the closing price was at $2.22.
Oppenheimer downgraded the previous rating for ITT Inc (NYSE:ITT) from Outperform to Perform. For the fourth quarter, ITT had an EPS of $1.06, compared to year-ago quarter EPS of $1.01. At the moment, the stock has a 52-week-high of $105.54 and a 52-week-low of $75.18. ITT closed at $77.77 at the end of the last trading period.
For Trex Co Inc (NYSE:TREX), Exane BNP Paribas downgraded the previous rating of Neutral to Underperform. For the fourth quarter, Trex Co had an EPS of $0.55, compared to year-ago quarter EPS of $0.37. At the moment, the stock has a 52-week-high of $140.98 and a 52-week-low of $67.00. Trex Co closed at $68.96 at the end of the last trading period.
According to Morgan Stanley, the prior rating for M&T Bank Corp (NYSE:MTB) was changed from Equal-Weight to Underweight. For the fourth quarter, M&T Bank had an EPS of $3.50, compared to year-ago quarter EPS of $3.52. The current stock performance of M&T Bank shows a 52-week-high of $186.95 and a 52-week-low of $128.46. Moreover, at the end of the last trading period, the closing price was at $183.57.
Morgan Stanley downgraded the previous rating for Citigroup Inc (NYSE:C) from Equal-Weight to Underweight. In the fourth quarter, Citigroup showed an EPS of $1.46, compared to $2.08 from the year-ago quarter. The current stock performance of Citigroup shows a 52-week-high of $80.29 and a 52-week-low of $53.83. Moreover, at the end of the last trading period, the closing price was at $56.74.
Morgan Stanley downgraded the previous rating for Fifth Third Bancorp (NASDAQ:FITB) from Overweight to Equal-Weight. For the fourth quarter, Fifth Third Bancorp had an EPS of $0.90, compared to year-ago quarter EPS of $0.88. The current stock performance of Fifth Third Bancorp shows a 52-week-high of $50.64 and a 52-week-low of $34.35. Moreover, at the end of the last trading period, the closing price was at $46.76.
For Synchrony Financial (NYSE:SYF), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. For the fourth quarter, Synchrony Finl had an EPS of $1.48, compared to year-ago quarter EPS of $1.24. The stock has a 52-week-high of $52.49 and a 52-week-low of $33.76. At the end of the last trading period, Synchrony Finl closed at $36.67.
Morgan Stanley downgraded the previous rating for Bread Financial Holdings Inc (NYSE:ADS) from Overweight to Equal-Weight. For the fourth quarter, Bread Financial Holdings had an EPS of $1.21, compared to year-ago quarter EPS of $3.31. At the moment, the stock has a 52-week-high of $128.16 and a 52-week-low of $53.30. Bread Financial Holdings closed at $59.70 at the end of the last trading period.
For Foot Locker Inc (NYSE:FL), Cowen & Co. downgraded the previous rating of Outperform to Market Perform. For the fourth quarter, Foot Locker had an EPS of $1.67, compared to year-ago quarter EPS of $1.55. The current stock performance of Foot Locker shows a 52-week-high of $66.71 and a 52-week-low of $26.36. Moreover, at the end of the last trading period, the closing price was at $30.50.
For Microchip Technology Inc (NASDAQ:MCHP), Goldman Sachs downgraded the previous rating of Buy to Neutral. In the third quarter, Microchip Technology showed an EPS of $1.20, compared to $0.81 from the year-ago quarter. The current stock performance of Microchip Technology shows a 52-week-high of $166.13 and a 52-week-low of $64.26. Moreover, at the end of the last trading period, the closing price was at $77.16.
Goldman Sachs downgraded the previous rating for Qorvo Inc (NASDAQ:QRVO) from Buy to Neutral. In the third quarter, Qorvo showed an EPS of $2.98, compared to $3.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $201.68 and a 52-week-low of $117.03. Qorvo closed at $130.88 at the end of the last trading period.
According to Goldman Sachs, the prior rating for Teradyne Inc (NASDAQ:TER) was changed from Buy to Neutral. In the fourth quarter, Teradyne showed an EPS of $1.37, compared to $1.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $168.91 and a 52-week-low of $102.51. Teradyne closed at $124.04 at the end of the last trading period.
According to Goldman Sachs, the prior rating for SEI Investments Co (NASDAQ:SEIC) was changed from Buy to Neutral. SEI Investments earned $1.03 in the fourth quarter, compared to $0.86 in the year-ago quarter. The current stock performance of SEI Investments shows a 52-week-high of $65.22 and a 52-week-low of $54.03. Moreover, at the end of the last trading period, the closing price was at $60.49.
For Kennametal Inc (NYSE:KMT), JP Morgan downgraded the previous rating of Neutral to Underweight. For the second quarter, Kennametal had an EPS of $0.35, compared to year-ago quarter EPS of $0.16. The current stock performance of Kennametal shows a 52-week-high of $43.04 and a 52-week-low of $28.61. Moreover, at the end of the last trading period, the closing price was at $29.77.
RBC Capital downgraded the previous rating for Campbell Soup Co (NYSE:CPB) from Outperform to Sector Perform. In the second quarter, Campbell Soup showed an EPS of $0.69, compared to $0.84 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.23 and a 52-week-low of $39.76. Campbell Soup closed at $44.53 at the end of the last trading period.
RBC Capital downgraded the previous rating for Altria Group Inc (NYSE:MO) from Outperform to Sector Perform. In the fourth quarter, Altria Group showed an EPS of $1.09, compared to $0.99 from the year-ago quarter. The current stock performance of Altria Group shows a 52-week-high of $53.96 and a 52-week-low of $42.53. Moreover, at the end of the last trading period, the closing price was at $53.62.
According to Piper Sandler, the prior rating for Beyond Meat Inc (NASDAQ:BYND) was changed from Neutral to Underweight. In the fourth quarter, Beyond Meat showed an EPS of $1.27, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $160.28 and a 52-week-low of $35.74. At the end of the last trading period, Beyond Meat closed at $48.63.
See all analyst ratings downgrades.
Initiations
UBS initiated coverage on Brookfield Renewable Partners LP (NYSE:BEP) with a Buy rating. The price target for Brookfield Renewable is set to $46.00. In the fourth quarter, Brookfield Renewable showed an EPS of $0.12, compared to $0.37 from the year-ago quarter. The stock has a 52-week-high of $44.30 and a 52-week-low of $30.93. At the end of the last trading period, Brookfield Renewable closed at $39.81.
With a Buy rating, Aegis Capital initiated coverage on ObsEva SA (NASDAQ:OBSV). The price target seems to have been set at $12.00 for ObsEva. In the fourth quarter, ObsEva showed an EPS of $0.25, compared to $0.42 from the year-ago quarter. The stock has a 52-week-high of $3.58 and a 52-week-low of $1.08. At the end of the last trading period, ObsEva closed at $1.34.
For BRC Inc (NYSE:BRCC), Guggenheim initiated coverage, by setting the current rating at Neutral. The current stock performance of BRC shows a 52-week-high of $22.80 and a 52-week-low of $13.55. Moreover, at the end of the last trading period, the closing price was at $19.95.
With a Buy rating, Roth Capital initiated coverage on Direct Digital Holdings Inc (NASDAQ:DRCT). The price target seems to have been set at $4.00 for Direct Digital Holdings. At the moment, the stock has a 52-week-high of $4.35 and a 52-week-low of $1.18. Direct Digital Holdings closed at $2.67 at the end of the last trading period.
With an Outperform rating, Raymond James initiated coverage on Tricon Residential Inc (NYSE:TCN). The price target seems to have been set at $18.50 for Tricon Residential. At the moment, the stock has a 52-week-high of $17.23 and a 52-week-low of $5.49. Tricon Residential closed at $16.33 at the end of the last trading period.
With a Market Outperform rating, CJS Securities initiated coverage on Spire Global Inc (NYSE:SPIR). The price target seems to have been set at $6.00 for Spire Globall. At the moment, the stock has a 52-week-high of $19.50 and a 52-week-low of $1.62. Spire Globall closed at $2.02 at the end of the last trading period.
Wells Fargo initiated coverage on NuVasive Inc (NASDAQ:NUVA) with an Overweight rating. The price target for NuVasive is set to $58.00. For the fourth quarter, NuVasive had an EPS of $0.40, compared to year-ago quarter EPS of $0.59. At the moment, the stock has a 52-week-high of $72.61 and a 52-week-low of $45.45. NuVasive closed at $51.94 at the end of the last trading period.
Wells Fargo initiated coverage on Globus Medical Inc (NYSE:GMED) with an Overweight rating. The price target for Globus Medical is set to $80.00. Globus Medical earned $0.49 in the fourth quarter, compared to $0.58 in the year-ago quarter. At the moment, the stock has a 52-week-high of $84.23 and a 52-week-low of $59.37. Globus Medical closed at $70.99 at the end of the last trading period.
EF Hutton initiated coverage on TC BioPharm (Holdings) PLC (NASDAQ:TCBP) with a Buy rating. The price target for TC BioPharm (Holdings) is set to $5.00. The stock has a 52-week-high of $3.50 and a 52-week-low of $0.88. At the end of the last trading period, TC BioPharm (Holdings) closed at $1.20.
With a Buy rating, HC Wainwright & Co. initiated coverage on Oncorus Inc (NASDAQ:ONCR). The price target seems to have been set at $7.00 for Oncorus. Oncorus earned $0.77 in the fourth quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.79 and a 52-week-low of $1.41. Oncorus closed at $1.78 at the end of the last trading period.
With a Buy rating, HC Wainwright & Co. initiated coverage on BTCS Inc (NASDAQ:BTCS). The price target seems to have been set at $6.00 for BTCS. The stock has a 52-week-high of $11.05 and a 52-week-low of $0.29. At the end of the last trading period, BTCS closed at $4.05.
With an Outperform rating, Daiwa Capital initiated coverage on Unity Software Inc (NYSE:U). The price target seems to have been set at $110.00 for Unity Software. Unity Software earned $0.05 in the fourth quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $210.00 and a 52-week-low of $73.12. At the end of the last trading period, Unity Software closed at $93.98.
With an Outperform rating, Daiwa Capital initiated coverage on Roblox Corp (NYSE:RBLX). The price target seems to have been set at $56.00 for Roblox. For the fourth quarter, Roblox had an EPS of $0.25, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $141.60 and a 52-week-low of $36.04. Roblox closed at $47.07 at the end of the last trading period.
With an Outperform rating, Oppenheimer initiated coverage on BigBear.ai Holdings Inc (NYSE:BBAI). The price target seems to have been set at $10.00 for BigBear.ai Holdings. The current stock performance of BigBear.ai Holdings shows a 52-week-high of $10.50 and a 52-week-low of $4.45. Moreover, at the end of the last trading period, the closing price was at $7.56.
Credit Suisse initiated coverage on Toast Inc (NYSE:TOST) with a Neutral rating. The price target for Toast is set to $22.00. The stock has a 52-week-high of $69.93 and a 52-week-low of $15.82. At the end of the last trading period, Toast closed at $19.44.