Benzinga's Top Ratings Upgrades, Downgrades For May 5, 2023
Upgrades
Maxim Group upgraded the previous rating for NV5 Global Inc (NASDAQ:NVEE) from Hold to Buy. NV5 Global earned $0.88 in the first quarter, compared to $0.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $154.64 and a 52-week-low of $91.42. NV5 Global closed at $93.77 at the end of the last trading period.
Evercore ISI Group upgraded the previous rating for TE Connectivity Ltd (NYSE:TEL) from In-Line to Outperform. For the second quarter, TE Connectivity had an EPS of $1.65, compared to year-ago quarter EPS of $1.81. The current stock performance of TE Connectivity shows a 52-week-high of $138.17 and a 52-week-low of $104.94. Moreover, at the end of the last trading period, the closing price was at $119.33.
Guggenheim upgraded the previous rating for Cloudflare Inc (NYSE:NET) from Sell to Neutral. Cloudflare earned $0.08 in the first quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $90.63 and a 52-week-low of $37.38. Cloudflare closed at $40.48 at the end of the last trading period.
For Portillos Inc (NASDAQ:PTLO), Guggenheim upgraded the previous rating of Neutral to Buy. In the first quarter, Portillos showed an EPS of $0.01, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.93 and a 52-week-low of $14.84. Portillos closed at $20.84 at the end of the last trading period.
For Western Alliance Bancorp (NYSE:WAL), JP Morgan upgraded the previous rating of Neutral to Overweight. For the first quarter, Western Alliance had an EPS of $2.30, compared to year-ago quarter EPS of $2.22. At the moment, the stock has a 52-week-high of $86.87 and a 52-week-low of $7.46. Western Alliance closed at $18.20 at the end of the last trading period.
JP Morgan upgraded the previous rating for Comerica Inc (NYSE:CMA) from Neutral to Overweight. Comerica earned $2.39 in the first quarter, compared to $1.37 in the year-ago quarter. The current stock performance of Comerica shows a 52-week-high of $87.02 and a 52-week-low of $28.40. Moreover, at the end of the last trading period, the closing price was at $31.21.
For Zions Bancorp NA (NASDAQ:ZION), JP Morgan upgraded the previous rating of Underweight to Overweight. In the first quarter, Zions Bancorp showed an EPS of $1.33, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.74 and a 52-week-low of $18.26. Zions Bancorp closed at $19.93 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for Avis Budget Group Inc (NASDAQ:CAR) from Underweight to Equal-Weight. In the first quarter, Avis Budget Gr showed an EPS of $7.72, compared to $9.99 from the year-ago quarter. The current stock performance of Avis Budget Gr shows a 52-week-high of $298.00 and a 52-week-low of $131.85. Moreover, at the end of the last trading period, the closing price was at $162.27.
According to Northland Capital Markets, the prior rating for CommScope Holding Co Inc (NASDAQ:COMM) was changed from Market Perform to Outperform. CommScope Hldg Co earned $0.35 in the first quarter, compared to $0.26 in the year-ago quarter. The current stock performance of CommScope Hldg Co shows a 52-week-high of $13.73 and a 52-week-low of $4.43. Moreover, at the end of the last trading period, the closing price was at $4.82.
According to Oppenheimer, the prior rating for Blue Owl Capital Inc (NYSE:OWL) was changed from Perform to Outperform. Blue Owl Cap earned $0.15 in the first quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $14.04 and a 52-week-low of $8.06. At the end of the last trading period, Blue Owl Cap closed at $9.94.
According to Raymond James, the prior rating for Kymera Therapeutics Inc (NASDAQ:KYMR) was changed from Market Perform to Outperform. In the first quarter, Kymera Therapeutics showed an EPS of $0.70, compared to $0.71 from the year-ago quarter. The current stock performance of Kymera Therapeutics shows a 52-week-high of $39.85 and a 52-week-low of $13.19. Moreover, at the end of the last trading period, the closing price was at $26.24.
According to RBC Capital, the prior rating for Installed Building Products Inc (NYSE:IBP) was changed from Underperform to Sector Perform. For the first quarter, Installed Building Prods had an EPS of $2.15, compared to year-ago quarter EPS of $1.54. The stock has a 52-week-high of $125.87 and a 52-week-low of $69.55. At the end of the last trading period, Installed Building Prods closed at $112.08.
According to Compass Point, the prior rating for Host Hotels & Resorts Inc (NASDAQ:HST) was changed from Neutral to Buy. For the first quarter, Host Hotels & Resorts had an EPS of $0.55, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $21.60 and a 52-week-low of $14.51. At the end of the last trading period, Host Hotels & Resorts closed at $17.31.
According to Compass Point, the prior rating for Redfin Corp (NASDAQ:RDFN) was changed from Sell to Neutral. For the first quarter, Redfin had an EPS of $0.93, compared to year-ago quarter EPS of $0.81. At the moment, the stock has a 52-week-high of $13.03 and a 52-week-low of $3.08. Redfin closed at $7.08 at the end of the last trading period.
For Mueller Water Products, Inc. (NYSE:MWA), TD Cowen upgraded the previous rating of Market Perform to Outperform. In the first quarter, Mueller Water Products showed an EPS of $0.13, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.62 and a 52-week-low of $9.90. Mueller Water Products closed at $13.56 at the end of the last trading period.
Piper Sandler upgraded the previous rating for Becton, Dickinson and Co (NYSE:BDX) from Neutral to Overweight. For the second quarter, Becton, Dickinson had an EPS of $2.86, compared to year-ago quarter EPS of $3.18. The stock has a 52-week-high of $269.00 and a 52-week-low of $217.00. At the end of the last trading period, Becton, Dickinson closed at $252.46.
According to Wells Fargo, the prior rating for VF Corp (NYSE:VFC) was changed from Underweight to Equal-Weight. In the third quarter, VF showed an EPS of $1.12, compared to $1.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.09 and a 52-week-low of $20.03. VF closed at $20.98 at the end of the last trading period.
Bernstein upgraded the previous rating for Rio Tinto PLC (NYSE:RIO) from Market Perform to Outperform. NoneThe current stock performance of Rio Tinto shows a 52-week-high of $80.52 and a 52-week-low of $50.92. Moreover, at the end of the last trading period, the closing price was at $61.48.
JP Morgan upgraded the previous rating for Kellogg Co (NYSE:K) from Underweight to Neutral. In the first quarter, Kellogg showed an EPS of $1.10, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $77.16 and a 52-week-low of $63.74. At the end of the last trading period, Kellogg closed at $70.38.
Baird upgraded the previous rating for WESCO International Inc (NYSE:WCC) from Neutral to Outperform. For the first quarter, WESCO Intl had an EPS of $3.75, compared to year-ago quarter EPS of $3.63. At the moment, the stock has a 52-week-high of $175.00 and a 52-week-low of $99.06. WESCO Intl closed at $122.87 at the end of the last trading period.
According to Piper Sandler, the prior rating for NetScout Systems Inc (NASDAQ:NTCT) was changed from Underweight to Neutral. In the fourth quarter, NetScout Systems showed an EPS of $0.38, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $38.02 and a 52-week-low of $25.90. At the end of the last trading period, NetScout Systems closed at $28.21.
According to BMO Capital, the prior rating for Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) was changed from Market Perform to Outperform. For the first quarter, Alnylam Pharmaceuticals had an EPS of $1.06, compared to year-ago quarter EPS of $1.49. At the moment, the stock has a 52-week-high of $242.74 and a 52-week-low of $117.62. Alnylam Pharmaceuticals closed at $205.39 at the end of the last trading period.
Goldman Sachs upgraded the previous rating for Altair Engineering Inc (NASDAQ:ALTR) from Sell to Neutral. For the first quarter, Altair Engineering had an EPS of $0.36, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $72.66 and a 52-week-low of $43.41. At the end of the last trading period, Altair Engineering closed at $66.89.
HSBC upgraded the previous rating for Cognizant Technology Solutions Corp (NASDAQ:CTSH) from Hold to Buy. For the first quarter, Cognizant Tech Solns had an EPS of $1.11, compared to year-ago quarter EPS of $1.08. The current stock performance of Cognizant Tech Solns shows a 52-week-high of $84.41 and a 52-week-low of $51.33. Moreover, at the end of the last trading period, the closing price was at $62.86.
CFRA upgraded the previous rating for Ferrari NV (NYSE:RACE) from Buy to Strong Buy. Ferrari earned $1.74 in the first quarter, compared to $1.45 in the year-ago quarter. The stock has a 52-week-high of $293.64 and a 52-week-low of $167.49. At the end of the last trading period, Ferrari closed at $291.79.
For Energy Transfer LP (NYSE:ET), CFRA upgraded the previous rating of Hold to Buy. Energy Transfer earned $0.32 in the first quarter, compared to $0.37 in the year-ago quarter. The current stock performance of Energy Transfer shows a 52-week-high of $13.67 and a 52-week-low of $9.16. Moreover, at the end of the last trading period, the closing price was at $12.61.
Deutsche Bank upgraded the previous rating for SolarEdge Technologies Inc (NASDAQ:SEDG) from Hold to Buy. In the first quarter, SolarEdge Technologies showed an EPS of $2.90, compared to $1.20 from the year-ago quarter. The current stock performance of SolarEdge Technologies shows a 52-week-high of $375.14 and a 52-week-low of $190.15. Moreover, at the end of the last trading period, the closing price was at $281.22.
See all analyst ratings upgrades.
Downgrades
Lake Street downgraded the previous rating for Clearfield Inc (NASDAQ:CLFD) from Buy to Hold. For the second quarter, Clearfield had an EPS of $0.67, compared to year-ago quarter EPS of $0.66. The current stock performance of Clearfield shows a 52-week-high of $134.89 and a 52-week-low of $41.30. Moreover, at the end of the last trading period, the closing price was at $42.14.
Citigroup downgraded the previous rating for Cemex SAB de CV (NYSE:CX) from Buy to Neutral. Cemex earned $0.15 in the first quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Cemex shows a 52-week-high of $6.73 and a 52-week-low of $3.20. Moreover, at the end of the last trading period, the closing price was at $6.35.
For Arconic Corp (NYSE:ARNC), Benchmark downgraded the previous rating of Buy to Hold. In the first quarter, Arconic showed an EPS of $0.24, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $31.20 and a 52-week-low of $16.37. At the end of the last trading period, Arconic closed at $28.93.
According to B of A Securities, the prior rating for ALLETE Inc (NYSE:ALE) was changed from Buy to Neutral. For the first quarter, ALLETE had an EPS of $1.02, compared to year-ago quarter EPS of $1.27. The current stock performance of ALLETE shows a 52-week-high of $67.35 and a 52-week-low of $47.81. Moreover, at the end of the last trading period, the closing price was at $63.71.
For Tandem Diabetes Care Inc (NASDAQ:TNDM), B of A Securities downgraded the previous rating of Neutral to Underperform. In the first quarter, Tandem Diabetes Care showed an EPS of $0.63, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $95.61 and a 52-week-low of $33.52. Tandem Diabetes Care closed at $37.51 at the end of the last trading period.
For Oatly Group AB (NASDAQ:OTLY), Exane BNP Paribas downgraded the previous rating of Neutral to Underperform. For the fourth quarter, Oatly Group had an EPS of $0.21, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $4.59 and a 52-week-low of $1.28. Oatly Group closed at $2.09 at the end of the last trading period.
According to Maxim Group, the prior rating for Northwest Natural Holding Co (NYSE:NWN) was changed from Buy to Hold. In the first quarter, Northwest Natural Hldg showed an EPS of $2.01, compared to $1.80 from the year-ago quarter. The current stock performance of Northwest Natural Hldg shows a 52-week-high of $55.90 and a 52-week-low of $42.37. Moreover, at the end of the last trading period, the closing price was at $48.33.
According to RBC Capital, the prior rating for Apollo Tactical Income Fund Inc. (NYSE:AIF) was changed from Outperform to Sector Perform. At the moment, the stock has a 52-week-high of $13.78 and a 52-week-low of $11.75. Apollo Tactical Income closed at $12.25 at the end of the last trading period.
Loop Capital downgraded the previous rating for Ingevity Corp (NYSE:NGVT) from Buy to Hold. For the first quarter, Ingevity had an EPS of $1.09, compared to year-ago quarter EPS of $1.62. The stock has a 52-week-high of $90.81 and a 52-week-low of $59.46. At the end of the last trading period, Ingevity closed at $64.40.
Goldman Sachs downgraded the previous rating for Atlassian Corp (NASDAQ:TEAM) from Buy to Neutral. Atlassian earned $0.54 in the third quarter, compared to $0.47 in the year-ago quarter. The current stock performance of Atlassian shows a 52-week-high of $300.28 and a 52-week-low of $113.86. Moreover, at the end of the last trading period, the closing price was at $150.05.
According to Barclays, the prior rating for Sapiens International Corp NV (NASDAQ:SPNS) was changed from Equal-Weight to Underweight. In the first quarter, Sapiens Intl Corp showed an EPS of $0.31, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.66 and a 52-week-low of $16.21. Sapiens Intl Corp closed at $22.14 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
Craig-Hallum initiated coverage on Engagesmart Inc (NYSE:ESMT) with a Buy rating. The price target for Engagesmart is set to $22.00. For the first quarter, Engagesmart had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $22.56 and a 52-week-low of $15.01. Engagesmart closed at $16.16 at the end of the last trading period.
With a Neutral rating, UBS initiated coverage on Exact Sciences Corp (NASDAQ:EXAS). The price target seems to have been set at $73.00 for Exact Sciences. For the fourth quarter, Exact Sciences had an EPS of $0.72, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $72.19 and a 52-week-low of $29.29. At the end of the last trading period, Exact Sciences closed at $65.75.
With a Buy rating, UBS initiated coverage on Natera Inc (NASDAQ:NTRA). The price target seems to have been set at $76.00 for Natera. For the fourth quarter, Natera had an EPS of $1.37, compared to year-ago quarter EPS of $1.48. The current stock performance of Natera shows a 52-week-high of $59.75 and a 52-week-low of $27.35. Moreover, at the end of the last trading period, the closing price was at $52.93.
Berenberg initiated coverage on Mobileye Global Inc (NASDAQ:MBLY) with a Buy rating. The price target for Mobileye Global is set to $44.00. For the first quarter, Mobileye Global had an EPS of $0.14, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $48.11 and a 52-week-low of $24.86. At the end of the last trading period, Mobileye Global closed at $34.82.
With a Buy rating, Jefferies initiated coverage on PLBY Group Inc (NASDAQ:PLBY). The price target seems to have been set at $2.50 for PLBY Group. PLBY Group earned $0.22 in the fourth quarter, compared to $1.33 in the year-ago quarter. The stock has a 52-week-high of $10.35 and a 52-week-low of $1.55. At the end of the last trading period, PLBY Group closed at $1.82.