Benzinga's Top Ratings Upgrades, Downgrades For May 3, 2023
Upgrades
For The Trade Desk Inc (NASDAQ:TTD), Vertical Research upgraded the previous rating of Neutral to Positive. Trade Desk earned $0.38 in the fourth quarter, compared to $0.42 in the year-ago quarter. The current stock performance of Trade Desk shows a 52-week-high of $76.74 and a 52-week-low of $39.01. Moreover, at the end of the last trading period, the closing price was at $62.58.
For LeMaitre Vascular Inc (NASDAQ:LMAT), Barrington Research upgraded the previous rating of Market Perform to Outperform. LeMaitre Vascular earned $0.27 in the first quarter, compared to $0.27 in the year-ago quarter. The current stock performance of LeMaitre Vascular shows a 52-week-high of $56.38 and a 52-week-low of $38.32. Moreover, at the end of the last trading period, the closing price was at $54.75.
For Zimmer Biomet Holdings Inc (NYSE:ZBH), B of A Securities upgraded the previous rating of Underperform to Neutral. For the first quarter, Zimmer Biomet Holdings had an EPS of $1.89, compared to year-ago quarter EPS of $1.61. The current stock performance of Zimmer Biomet Holdings shows a 52-week-high of $149.25 and a 52-week-low of $100.41. Moreover, at the end of the last trading period, the closing price was at $143.01.
Bernstein upgraded the previous rating for Marriott International Inc (NASDAQ:MAR) from Market Perform to Outperform. For the first quarter, Marriott Intl had an EPS of $2.09, compared to year-ago quarter EPS of $1.25. The stock has a 52-week-high of $183.33 and a 52-week-low of $131.02. At the end of the last trading period, Marriott Intl closed at $178.61.
B of A Securities upgraded the previous rating for CNA Financial Corp (NYSE:CNA) from Underperform to Neutral. For the first quarter, CNA Financial had an EPS of $1.19, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $47.51 and a 52-week-low of $35.92. CNA Financial closed at $39.28 at the end of the last trading period.
B of A Securities upgraded the previous rating for Cogent Communications Holdings Inc (NASDAQ:CCOI) from Underperform to Buy. Cogent Comms Hldgs earned $0.02 in the fourth quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.32 and a 52-week-low of $46.88. Cogent Comms Hldgs closed at $68.13 at the end of the last trading period.
Craig-Hallum upgraded the previous rating for Advanced Micro Devices Inc (NASDAQ:AMD) from Hold to Buy. Advanced Micro Devices earned $0.60 in the first quarter, compared to $1.13 in the year-ago quarter. The current stock performance of Advanced Micro Devices shows a 52-week-high of $109.57 and a 52-week-low of $54.58. Moreover, at the end of the last trading period, the closing price was at $89.91.
According to Susquehanna, the prior rating for Uber Technologies Inc (NYSE:UBER) was changed from Neutral to Positive. Uber Technologies earned $0.08 in the first quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Uber Technologies shows a 52-week-high of $37.58 and a 52-week-low of $19.90. Moreover, at the end of the last trading period, the closing price was at $36.52.
For Chewy Inc (NYSE:CHWY), Raymond James upgraded the previous rating of Market Perform to Outperform. Chewy earned $0.01 in the fourth quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Chewy shows a 52-week-high of $52.88 and a 52-week-low of $22.23. Moreover, at the end of the last trading period, the closing price was at $31.10.
Wolfe Research upgraded the previous rating for Prosperity Bancshares Inc (NYSE:PB) from Underperform to Outperform. In the first quarter, Prosperity Bancshares showed an EPS of $1.37, compared to $1.33 from the year-ago quarter. The stock has a 52-week-high of $78.76 and a 52-week-low of $58.21. At the end of the last trading period, Prosperity Bancshares closed at $59.14.
For E2open Parent Holdings Inc (NYSE:ETWO), Credit Suisse upgraded the previous rating of Underperform to Neutral. For the fourth quarter, E2open Parent Holdings had an EPS of $0.07, compared to year-ago quarter EPS of $0.08. The current stock performance of E2open Parent Holdings shows a 52-week-high of $9.18 and a 52-week-low of $3.92. Moreover, at the end of the last trading period, the closing price was at $4.41.
According to JP Morgan, the prior rating for Molson Coors Beverage Co (NYSE:TAP) was changed from Underweight to Equal-Weight. Molson Coors Beverage earned $0.54 in the first quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $66.67 and a 52-week-low of $46.70. Molson Coors Beverage closed at $65.08 at the end of the last trading period.
According to Morgan Stanley, the prior rating for Globalstar Inc (AMEX:GSAT) was changed from Underweight to Equal-Weight. For the fourth quarter, Globalstar had an EPS of $0.00, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $2.97 and a 52-week-low of $0.85. At the end of the last trading period, Globalstar closed at $0.87.
See all analyst ratings upgrades.
Downgrades
According to Stephens & Co., the prior rating for Ruth's Hospitality Group Inc (NASDAQ:RUTH) was changed from Overweight to Equal-Weight. In the fourth quarter, Ruth's Hospitality Group showed an EPS of $0.38, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.49 and a 52-week-low of $14.66. Ruth's Hospitality Group closed at $16.03 at the end of the last trading period.
Maxim Group downgraded the previous rating for Otter Tail Corp (NASDAQ:OTTR) from Buy to Hold. Otter Tail earned $1.49 in the first quarter, compared to $1.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $82.46 and a 52-week-low of $52.69. Otter Tail closed at $77.14 at the end of the last trading period.
Citigroup downgraded the previous rating for Nerdwallet Inc (NASDAQ:NRDS) from Buy to Neutral. For the first quarter, Nerdwallet had an EPS of $0.02, compared to year-ago quarter EPS of $0.16. The current stock performance of Nerdwallet shows a 52-week-high of $21.74 and a 52-week-low of $7.16. Moreover, at the end of the last trading period, the closing price was at $12.50.
For Thomson Reuters Corp (NYSE:TRI), Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. In the first quarter, Thomson Reuters showed an EPS of $0.82, compared to $0.66 from the year-ago quarter. The current stock performance of Thomson Reuters shows a 52-week-high of $133.56 and a 52-week-low of $91.55. Moreover, at the end of the last trading period, the closing price was at $130.83.
UBS downgraded the previous rating for Logitech International SA (NASDAQ:LOGI) from Neutral to Sell. Logitech International earned $0.50 in the fourth quarter, compared to $0.81 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.17 and a 52-week-low of $41.82. Logitech International closed at $63.33 at the end of the last trading period.
According to B of A Securities, the prior rating for Clarus Corp (NASDAQ:CLAR) was changed from Buy to Neutral. In the first quarter, Clarus showed an EPS of $0.18, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.32 and a 52-week-low of $6.86. Clarus closed at $9.02 at the end of the last trading period.
For Advanced Micro Devices Inc (NASDAQ:AMD), B of A Securities downgraded the previous rating of Buy to Neutral. Advanced Micro Devices earned $0.60 in the first quarter, compared to $1.13 in the year-ago quarter. The current stock performance of Advanced Micro Devices shows a 52-week-high of $109.57 and a 52-week-low of $54.58. Moreover, at the end of the last trading period, the closing price was at $89.91.
According to Wolfe Research, the prior rating for Comerica Inc (NYSE:CMA) was changed from Outperform to Peer Perform. For the first quarter, Comerica had an EPS of $2.39, compared to year-ago quarter EPS of $1.37. The current stock performance of Comerica shows a 52-week-high of $87.02 and a 52-week-low of $29.17. Moreover, at the end of the last trading period, the closing price was at $37.22.
According to Baird, the prior rating for Premier Inc (NASDAQ:PINC) was changed from Outperform to Neutral. For the third quarter, Premier had an EPS of $0.58, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $38.86 and a 52-week-low of $26.95. At the end of the last trading period, Premier closed at $26.96.
For IVERIC bio Inc (NASDAQ:ISEE), UBS downgraded the previous rating of Buy to Neutral. For the fourth quarter, IVERIC bio had an EPS of $0.47, compared to year-ago quarter EPS of $0.29. At the moment, the stock has a 52-week-high of $38.25 and a 52-week-low of $8.88. IVERIC bio closed at $37.72 at the end of the last trading period.
For Thomson Reuters Corp (NYSE:TRI), Canaccord Genuity downgraded the previous rating of Buy to Hold. Thomson Reuters earned $0.82 in the first quarter, compared to $0.66 in the year-ago quarter. The current stock performance of Thomson Reuters shows a 52-week-high of $133.56 and a 52-week-low of $91.55. Moreover, at the end of the last trading period, the closing price was at $130.83.
According to Raymond James, the prior rating for Premier Inc (NASDAQ:PINC) was changed from Outperform to Market Perform. In the third quarter, Premier showed an EPS of $0.58, compared to $0.57 from the year-ago quarter. The current stock performance of Premier shows a 52-week-high of $38.86 and a 52-week-low of $26.95. Moreover, at the end of the last trading period, the closing price was at $26.96.
CFRA downgraded the previous rating for Cummins Inc (NYSE:CMI) from Strong Buy to Buy. In the first quarter, Cummins showed an EPS of $5.65, compared to $4.04 from the year-ago quarter. The stock has a 52-week-high of $261.91 and a 52-week-low of $184.35. At the end of the last trading period, Cummins closed at $227.64.
According to Keybanc, the prior rating for Viper Energy Partners LP (NASDAQ:VNOM) was changed from Overweight to Sector Weight. Viper Energy Partners earned $0.53 in the first quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.05 and a 52-week-low of $23.51. Viper Energy Partners closed at $28.08 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Craig-Hallum initiated coverage on AudioEye Inc (NASDAQ:AEYE). The price target seems to have been set at $10.00 for AudioEye. AudioEye earned $0.01 in the fourth quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $7.89 and a 52-week-low of $3.10. At the end of the last trading period, AudioEye closed at $6.05.
Citigroup initiated coverage on NGM Biopharmaceuticals Inc (NASDAQ:NGM) with a Buy rating. The price target for NGM Biopharmaceuticals is set to $6.00. NGM Biopharmaceuticals earned $0.45 in the fourth quarter, compared to $0.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.25 and a 52-week-low of $2.93. NGM Biopharmaceuticals closed at $3.83 at the end of the last trading period.
With a Buy rating, EF Hutton initiated coverage on Coya Therapeutics Inc (NASDAQ:COYA). The price target seems to have been set at $28.00 for Coya Therapeutics. The current stock performance of Coya Therapeutics shows a 52-week-high of $5.67 and a 52-week-low of $3.69. Moreover, at the end of the last trading period, the closing price was at $4.58.
Raymond James initiated coverage on Weatherford International PLC (NASDAQ:WFRD) with a Strong Buy rating. The price target for Weatherford International is set to $100.00. In the first quarter, Weatherford International showed an EPS of $0.97, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.18 and a 52-week-low of $16.96. Weatherford International closed at $59.38 at the end of the last trading period.
Roth MKM initiated coverage on FIGS Inc (NYSE:FIGS) with a Buy rating. The price target for FIGS is set to $9.00. FIGS earned $0.05 in the fourth quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $16.55 and a 52-week-low of $5.55. At the end of the last trading period, FIGS closed at $6.80.
With an Outperform rating, Macquarie initiated coverage on Kanzhun Ltd (NASDAQ:BZ). The price target seems to have been set at $24.10 for Kanzhun. For the fourth quarter, Kanzhun had an EPS of $0.02, compared to year-ago quarter EPS of $0.12. The stock has a 52-week-high of $29.42 and a 52-week-low of $9.75. At the end of the last trading period, Kanzhun closed at $17.78.