Benzinga's Top Ratings Upgrades, Downgrades For November 28, 2022
Upgrades
Barclays upgraded the previous rating for PerkinElmer Inc (NYSE:PKI) from Underweight to Equal-Weight. For the third quarter, PerkinElmer had an EPS of $1.51, compared to year-ago quarter EPS of $2.31. The stock has a 52-week-high of $201.05 and a 52-week-low of $113.46. At the end of the last trading period, PerkinElmer closed at $136.93.
JP Morgan upgraded the previous rating for Cloudflare Inc (NYSE:NET) from Underweight to Neutral. Cloudflare earned $0.06 in the third quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $132.45 and a 52-week-low of $37.37. At the end of the last trading period, Cloudflare closed at $46.30.
JP Morgan upgraded the previous rating for Melco Resorts and Entertainment Ltd (NASDAQ:MLCO) from Neutral to Overweight. In the third quarter, Melco Resorts and Enter showed an EPS of $0.52, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.81 and a 52-week-low of $4.06. Melco Resorts and Enter closed at $6.59 at the end of the last trading period.
For Wynn Resorts Ltd (NASDAQ:WYNN), JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, Wynn Resorts had an EPS of $1.20, compared to year-ago quarter EPS of $1.24. The current stock performance of Wynn Resorts shows a 52-week-high of $96.50 and a 52-week-low of $50.20. Moreover, at the end of the last trading period, the closing price was at $74.93.
Truist Securities upgraded the previous rating for Activision Blizzard Inc (NASDAQ:ATVI) from Hold to Buy. Activision Blizzard earned $0.68 in the third quarter, compared to $0.72 in the year-ago quarter. The current stock performance of Activision Blizzard shows a 52-week-high of $86.90 and a 52-week-low of $61.99. Moreover, at the end of the last trading period, the closing price was at $73.47.
Evercore ISI Group upgraded the previous rating for StoneCo Ltd (NASDAQ:STNE) from In-Line to Outperform. For the third quarter, StoneCo had an EPS of $0.10, compared to year-ago quarter EPS of $0.09. The current stock performance of StoneCo shows a 52-week-high of $19.66 and a 52-week-low of $6.81. Moreover, at the end of the last trading period, the closing price was at $10.31.
For Live Nation Entertainment Inc (NYSE:LYV), Citigroup upgraded the previous rating of Neutral to Buy. In the third quarter, Live Nation Entertainment showed an EPS of $1.39, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $126.79 and a 52-week-low of $65.05. At the end of the last trading period, Live Nation Entertainment closed at $68.46.
For Activision Blizzard Inc (NASDAQ:ATVI), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, Activision Blizzard showed an EPS of $0.68, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $86.90 and a 52-week-low of $61.99. At the end of the last trading period, Activision Blizzard closed at $73.47.
For BorgWarner Inc (NYSE:BWA), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. For the third quarter, BorgWarner had an EPS of $1.24, compared to year-ago quarter EPS of $0.80. The stock has a 52-week-high of $50.09 and a 52-week-low of $31.14. At the end of the last trading period, BorgWarner closed at $42.24.
For Affiliated Managers Group Inc (NYSE:AMG), Jefferies upgraded the previous rating of Hold to Buy. For the third quarter, Affiliated Managers Group had an EPS of $4.21, compared to year-ago quarter EPS of $4.00. The stock has a 52-week-high of $171.38 and a 52-week-low of $108.12. At the end of the last trading period, Affiliated Managers Group closed at $156.88.
Deutsche Bank upgraded the previous rating for Coherent Corp (NASDAQ:COHR) from Hold to Buy. For the first quarter, Coherent had an EPS of $1.04, compared to year-ago quarter EPS of $2.32.
For Activision Blizzard Inc (NASDAQ:ATVI), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the third quarter, Activision Blizzard had an EPS of $0.68, compared to year-ago quarter EPS of $0.72. At the moment, the stock has a 52-week-high of $86.90 and a 52-week-low of $61.99. Activision Blizzard closed at $73.47 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
According to Morgan Stanley, the prior rating for Playtika Holding Corp (NASDAQ:PLTK) was changed from Overweight to Equal-Weight. For the third quarter, Playtika Holding had an EPS of $0.17, compared to year-ago quarter EPS of $0.20. The current stock performance of Playtika Holding shows a 52-week-high of $21.45 and a 52-week-low of $8.39. Moreover, at the end of the last trading period, the closing price was at $9.33.
According to Morgan Stanley, the prior rating for AppLovin Corp (NASDAQ:APP) was changed from Overweight to Equal-Weight. In the third quarter, AppLovin showed an EPS of $0.06, compared to $0.00 from the year-ago quarter. The stock has a 52-week-high of $98.14 and a 52-week-low of $13.00. At the end of the last trading period, AppLovin closed at $14.02.
JP Morgan downgraded the previous rating for PENN Entertainment Inc (NASDAQ:PENN) from Overweight to Neutral. For the third quarter, PENN Entertainment had an EPS of $0.72, compared to year-ago quarter EPS of $0.52. The current stock performance of PENN Entertainment shows a 52-week-high of $53.36 and a 52-week-low of $25.49. Moreover, at the end of the last trading period, the closing price was at $34.98.
For Shutterstock Inc (NYSE:SSTK), JMP Securities downgraded the previous rating of Market Outperform to Market Perform. Shutterstock earned $1.00 in the third quarter, compared to $0.70 in the year-ago quarter. The current stock performance of Shutterstock shows a 52-week-high of $111.66 and a 52-week-low of $44.61. Moreover, at the end of the last trading period, the closing price was at $52.71.
For SciPlay Corp (NASDAQ:SCPL), Truist Securities downgraded the previous rating of Buy to Hold. For the third quarter, SciPlay had an EPS of $0.20, compared to year-ago quarter EPS of $0.24. The current stock performance of SciPlay shows a 52-week-high of $15.89 and a 52-week-low of $10.60. Moreover, at the end of the last trading period, the closing price was at $15.49.
For Imago BioSciences Inc (NASDAQ:IMGO), Stifel downgraded the previous rating of Buy to Hold. For the third quarter, Imago BioSciences had an EPS of $0.50, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $35.75 and a 52-week-low of $11.56. At the end of the last trading period, Imago BioSciences closed at $35.66.
According to B of A Securities, the prior rating for Diamondback Energy Inc (NASDAQ:FANG) was changed from Neutral to Underperform. For the third quarter, Diamondback Energy had an EPS of $6.48, compared to year-ago quarter EPS of $2.94. The current stock performance of Diamondback Energy shows a 52-week-high of $168.95 and a 52-week-low of $103.71. Moreover, at the end of the last trading period, the closing price was at $149.32.
Morgan Stanley downgraded the previous rating for Aptiv PLC (NYSE:APTV) from Overweight to Equal-Weight. Aptiv earned $1.28 in the third quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $175.91 and a 52-week-low of $77.96. At the end of the last trading period, Aptiv closed at $105.86.
For First Solar Inc (NASDAQ:FSLR), JP Morgan downgraded the previous rating of Overweight to Neutral. For the third quarter, First Solar had an EPS of $0.46, compared to year-ago quarter EPS of $0.42. The current stock performance of First Solar shows a 52-week-high of $173.21 and a 52-week-low of $59.60. Moreover, at the end of the last trading period, the closing price was at $171.43.
For Williams-Sonoma Inc (NYSE:WSM), Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. In the third quarter, Williams-Sonoma showed an EPS of $3.72, compared to $3.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $176.89 and a 52-week-low of $101.58. Williams-Sonoma closed at $122.42 at the end of the last trading period.
Jefferies downgraded the previous rating for Twilio Inc (NYSE:TWLO) from Buy to Hold. For the third quarter, Twilio had an EPS of $0.27, compared to year-ago quarter EPS of $0.01. The current stock performance of Twilio shows a 52-week-high of $266.74 and a 52-week-low of $41.00. Moreover, at the end of the last trading period, the closing price was at $48.56.
For XPeng Inc (NYSE:XPEV), Jefferies downgraded the previous rating of Hold to Underperform. For the second quarter, XPeng had an EPS of $0.43, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $51.50 and a 52-week-low of $6.18. XPeng closed at $7.07 at the end of the last trading period.
According to JP Morgan, the prior rating for DraftKings Inc (NASDAQ:DKNG) was changed from Neutral to Underweight. DraftKings earned $1.00 in the third quarter, compared to $1.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.55 and a 52-week-low of $9.77. DraftKings closed at $15.14 at the end of the last trading period.
Barclays downgraded the previous rating for Tyson Foods Inc (NYSE:TSN) from Equal-Weight to Underweight. In the fourth quarter, Tyson Foods showed an EPS of $1.63, compared to $2.30 from the year-ago quarter. The current stock performance of Tyson Foods shows a 52-week-high of $100.72 and a 52-week-low of $62.94. Moreover, at the end of the last trading period, the closing price was at $67.33.
For Beyond Meat Inc (NASDAQ:BYND), Barclays downgraded the previous rating of Equal-Weight to Underweight. For the third quarter, Beyond Meat had an EPS of $1.60, compared to year-ago quarter EPS of $0.87. At the moment, the stock has a 52-week-high of $74.00 and a 52-week-low of $11.56. Beyond Meat closed at $12.72 at the end of the last trading period.
According to Wells Fargo, the prior rating for TransDigm Group Inc (NYSE:TDG) was changed from Overweight to Equal-Weight. In the fourth quarter, TransDigm Gr showed an EPS of $5.50, compared to $4.25 from the year-ago quarter. The current stock performance of TransDigm Gr shows a 52-week-high of $684.72 and a 52-week-low of $499.63. Moreover, at the end of the last trading period, the closing price was at $636.54.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Jefferies initiated coverage on Li Auto Inc (NASDAQ:LI). The price target seems to have been set at $20.66 for Li Auto. Li Auto earned $0.02 in the second quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $41.49 and a 52-week-low of $12.52. At the end of the last trading period, Li Auto closed at $16.81.
Roth Capital initiated coverage on Turtle Beach Corp (NASDAQ:HEAR) with a Buy rating. The price target for Turtle Beach is set to $18.00. Turtle Beach earned $0.47 in the third quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Turtle Beach shows a 52-week-high of $25.33 and a 52-week-low of $6.22. Moreover, at the end of the last trading period, the closing price was at $9.30.
With a Buy rating, Stifel initiated coverage on OmniAb Inc (NASDAQ:OABI). The price target seems to have been set at $12.00 for OmniAb. The stock has a 52-week-high of $5.13 and a 52-week-low of $1.91. At the end of the last trading period, OmniAb closed at $2.61.
With a Buy rating, EF Hutton initiated coverage on Hudson Global Inc (NASDAQ:HSON). The price target seems to have been set at $42.50 for Hudson Global. Hudson Global earned $0.58 in the third quarter, compared to $0.78 in the year-ago quarter.
With an Overweight rating, Wells Fargo initiated coverage on Xenon Pharmaceuticals Inc (NASDAQ:XENE). The price target seems to have been set at $50.00 for Xenon Pharmaceuticals. In the third quarter, Xenon Pharmaceuticals showed an EPS of $0.57, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $41.39 and a 52-week-low of $24.60. At the end of the last trading period, Xenon Pharmaceuticals closed at $34.81.
With an Overweight rating, Wells Fargo initiated coverage on Halozyme Therapeutics Inc (NASDAQ:HALO). The price target seems to have been set at $65.00 for Halozyme Therapeutics. In the third quarter, Halozyme Therapeutics showed an EPS of $0.74, compared to $0.55 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.16 and a 52-week-low of $31.36. Halozyme Therapeutics closed at $54.67 at the end of the last trading period.
Compass Point initiated coverage on MBIA Inc (NYSE:MBI) with a Neutral rating. The price target for MBIA is set to $14.00. For the third quarter, MBIA had an EPS of $0.34, compared to year-ago quarter EPS of $1.54. The stock has a 52-week-high of $17.90 and a 52-week-low of $8.91. At the end of the last trading period, MBIA closed at $12.00.
With a Neutral rating, Compass Point initiated coverage on Ambac Financial Group Inc (NYSE:AMBC). The price target seems to have been set at $18.00 for Ambac Financial Group. Ambac Financial Group earned $7.37 in the third quarter, compared to $0.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.64 and a 52-week-low of $7.24. Ambac Financial Group closed at $15.35 at the end of the last trading period.
With a Buy rating, Compass Point initiated coverage on Assured Guaranty Ltd (NYSE:AGO). The price target seems to have been set at $84.00 for Assured Guaranty. For the third quarter, Assured Guaranty had an EPS of $2.11, compared to year-ago quarter EPS of $0.45. The current stock performance of Assured Guaranty shows a 52-week-high of $65.68 and a 52-week-low of $45.91. Moreover, at the end of the last trading period, the closing price was at $62.63.