Benzinga's Top Ratings Upgrades, Downgrades For May 12, 2022
Upgrades
- For Warner Bros.Discovery Inc NASDAQ:WBD, Cowen & Co. upgraded the previous rating of Market Perform to Outperform. The current stock performance of Warner Bros.Discovery shows a 52-week-high of
$27.50 and a 52-week-low of$16.59 . Moreover, at the end of the last trading period, the closing price was at$16.62 . - For Pan American Silver Corp NASDAQ:PAAS, Canaccord Genuity upgraded the previous rating of Hold to Buy. Pan American Silver earned
$0.15 in the first quarter, compared to$0.18 in the year-ago quarter. The current stock performance of Pan American Silver shows a 52-week-high of$35.15 and a 52-week-low of$20.73 . Moreover, at the end of the last trading period, the closing price was at$21.94 . - Barclays upgraded the previous rating for Evolus Inc NASDAQ:EOLS from Underweight to Equal-Weight. In the first quarter, Evolus showed an EPS of
$0.31 , compared to$0.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of$14.30 and a 52-week-low of$5.06 . Evolus closed at$11.16 at the end of the last trading period. - For Rivian Automotive Inc NASDAQ:RIVN, Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. For the first quarter, Rivian Automotive had an EPS of
$1.43 , compared to year-ago quarter EPS of$4.10 . The stock has a 52-week-high of$179.47 and a 52-week-low of$19.25 . At the end of the last trading period, Rivian Automotive closed at$20.60 . - For SciPlay Corp NASDAQ:SCPL, Truist Securities upgraded the previous rating of Hold to Buy. SciPlay earned
$0.18 in the first quarter, compared to$0.21 in the year-ago quarter. The current stock performance of SciPlay shows a 52-week-high of$22.29 and a 52-week-low of$10.75 . Moreover, at the end of the last trading period, the closing price was at$12.10 . - Stephens & Co. upgraded the previous rating for Alcon Inc NYSE:ALC from Equal-Weight to Overweight. For the first quarter, Alcon had an EPS of
$0.68 , compared to year-ago quarter EPS of$0.49 . The stock has a 52-week-high of$88.78 and a 52-week-low of$63.92 . At the end of the last trading period, Alcon closed at$69.83 . - For EVgo Inc NASDAQ:EVGO, Credit Suisse upgraded the previous rating of Neutral to Outperform. At the moment, the stock has a 52-week-high of
$19.59 and a 52-week-low of$6.90 . EVgo closed at$7.17 at the end of the last trading period. - Baird upgraded the previous rating for Kratos Defense & Security Solutions Inc NASDAQ:KTOS from Neutral to Outperform. Kratos Defense & Security earned
$0.04 in the first quarter, compared to$0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of$30.29 and a 52-week-low of$12.65 . Kratos Defense & Security closed at$12.87 at the end of the last trading period. - According to Raymond James, the prior rating for 89bio Inc NASDAQ:ETNB was changed from Outperform to Strong Buy. For the first quarter, 89bio had an EPS of
$1.26 , compared to year-ago quarter EPS of$0.74 . The current stock performance of 89bio shows a 52-week-high of$25.67 and a 52-week-low of$2.00 . Moreover, at the end of the last trading period, the closing price was at$2.15 . - Jefferies upgraded the previous rating for International Game Technology PLC NYSE:IGT from Hold to Buy. For the first quarter, Intl Game Tech had an EPS of
$0.39 , compared to year-ago quarter EPS of$0.38 . The current stock performance of Intl Game Tech shows a 52-week-high of$32.95 and a 52-week-low of$17.27 . Moreover, at the end of the last trading period, the closing price was at$19.79 . - According to JP Morgan, the prior rating for Valvoline Inc NYSE:VVV was changed from Neutral to Overweight. For the second quarter, Valvoline had an EPS of
$0.48 , compared to year-ago quarter EPS of$0.46 . The current stock performance of Valvoline shows a 52-week-high of$37.97 and a 52-week-low of$26.70 . Moreover, at the end of the last trading period, the closing price was at$27.80 . - R5 Capital upgraded the previous rating for Grocery Outlet Holding Corp NASDAQ:GO from Sell to Hold. For the first quarter, Grocery Outlet Holding had an EPS of
$0.22 , compared to year-ago quarter EPS of$0.23 . At the moment, the stock has a 52-week-high of$41.31 and a 52-week-low of$21.01 . Grocery Outlet Holding closed at$35.65 at the end of the last trading period. - For Albemarle Corp NYSE:ALB, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Albemarle earned
$2.38 in the first quarter, compared to$1.10 in the year-ago quarter. The stock has a 52-week-high of$291.48 and a 52-week-low of$152.58 . At the end of the last trading period, Albemarle closed at$213.03 . - Wells Fargo upgraded the previous rating for ON Semiconductor Corp NASDAQ:ON from Equal-Weight to Overweight. For the first quarter, ON Semiconductor had an EPS of
$1.22 , compared to year-ago quarter EPS of$0.35 . The stock has a 52-week-high of$71.25 and a 52-week-low of$34.01 . At the end of the last trading period, ON Semiconductor closed at$51.77 .
See all analyst ratings upgrades.
Downgrades
- According to BWS Financial, the prior rating for Avaya Holdings Corp NYSE:AVYA was changed from Buy to Sell. In the second quarter, Avaya Hldgs showed an EPS of
$0.53 , compared to$0.74 from the year-ago quarter. The current stock performance of Avaya Hldgs shows a 52-week-high of$29.55 and a 52-week-low of$5.80 . Moreover, at the end of the last trading period, the closing price was at$5.84 . - BMO Capital downgraded the previous rating for Manulife Financial Corp NYSE:MFC from Outperform to Market Perform. For the first quarter, Manulife Financial had an EPS of
$0.61 , compared to year-ago quarter EPS of$0.65 . At the moment, the stock has a 52-week-high of$22.19 and a 52-week-low of$17.66 . Manulife Financial closed at$18.72 at the end of the last trading period. - For Points.com Inc NASDAQ:PCOM, Northland Capital Markets downgraded the previous rating of Outperform to Market Perform. Points.com earned
$0.09 in the first quarter, compared to$0.08 in the year-ago quarter. The current stock performance of Points.com shows a 52-week-high of$24.72 and a 52-week-low of$13.98 . Moreover, at the end of the last trading period, the closing price was at$24.46 . - According to Goldman Sachs, the prior rating for Coupa Software Inc NASDAQ:COUP was changed from Buy to Sell. For the fourth quarter, Coupa Software had an EPS of
$0.19 , compared to year-ago quarter EPS of$0.17 . The stock has a 52-week-high of$283.38 and a 52-week-low of$64.10 . At the end of the last trading period, Coupa Software closed at$64.51 . - For Upstart Holdings Inc NASDAQ:UPST, Barclays downgraded the previous rating of Overweight to Equal-Weight. In the first quarter, Upstart Hldgs showed an EPS of
$0.61 , compared to$0.22 from the year-ago quarter. The stock has a 52-week-high of$401.49 and a 52-week-low of$25.43 . At the end of the last trading period, Upstart Hldgs closed at$28.00 . - JMP Securities downgraded the previous rating for Pegasystems Inc NASDAQ:PEGA from Market Outperform to Market Perform. For the first quarter, Pegasystems had an EPS of
$0.59 , compared to year-ago quarter EPS of$0.26 . The stock has a 52-week-high of$143.66 and a 52-week-low of$36.50 . At the end of the last trading period, Pegasystems closed at$48.07 . - According to Wolfe Research, the prior rating for Capital One Financial Corp NYSE:COF was changed from Peer Perform to Underperform. Capital One Financial earned
$5.62 in the first quarter, compared to$7.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of$177.95 and a 52-week-low of$117.49 . Capital One Financial closed at$119.59 at the end of the last trading period. - For Beyond Meat Inc NASDAQ:BYND, Barclays downgraded the previous rating of Overweight to Equal-Weight. For the first quarter, Beyond Meat had an EPS of
$1.58 , compared to year-ago quarter EPS of$0.42 . The current stock performance of Beyond Meat shows a 52-week-high of$160.28 and a 52-week-low of$25.75 . Moreover, at the end of the last trading period, the closing price was at$26.17 . - For Discover Financial Services NYSE:DFS, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the first quarter, Discover Financial showed an EPS of
$4.22 , compared to$5.04 from the year-ago quarter. The current stock performance of Discover Financial shows a 52-week-high of$135.69 and a 52-week-low of$100.07 . Moreover, at the end of the last trading period, the closing price was at$104.63 . - For Synchrony Financial NYSE:SYF, Wolfe Research downgraded the previous rating of Peer Perform to Underperform. In the first quarter, Synchrony Finl showed an EPS of
$1.77 , compared to$1.73 from the year-ago quarter. 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$35.33 . - According to Wolfe Research, the prior rating for American Express Co NYSE:AXP was changed from Outperform to Peer Perform. American Express earned
$2.73 in the first quarter, compared to$2.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of$199.55 and a 52-week-low of$149.89 . American Express closed at$159.39 at the end of the last trading period. - According to Stifel, the prior rating for Switch Inc NYSE:SWCH was changed from Buy to Hold. For the first quarter, Switch had an EPS of
$0.04 , compared to year-ago quarter EPS of$0.08 . The current stock performance of Switch shows a 52-week-high of$33.84 and a 52-week-low of$17.72 . Moreover, at the end of the last trading period, the closing price was at$33.54 . - According to Stifel, the prior rating for Dutch Bros Inc NYSE:BROS was changed from Buy to Hold. The current stock performance of Dutch Bros shows a 52-week-high of
$81.40 and a 52-week-low of$32.42 . Moreover, at the end of the last trading period, the closing price was at$34.37 . - Piper Sandler downgraded the previous rating for Zoom Video Communications Inc NASDAQ:ZM from Overweight to Neutral. Zoom Video Comms earned
$1.29 in the fourth quarter, compared to$1.22 in the year-ago quarter. The stock has a 52-week-high of$406.48 and a 52-week-low of$84.17 . At the end of the last trading period, Zoom Video Comms closed at$84.80 . - For Switch Inc NYSE:SWCH, BMO Capital downgraded the previous rating of Outperform to Market Perform. For the first quarter, Switch had an EPS of
$0.04 , compared to year-ago quarter EPS of$0.08 . At the moment, the stock has a 52-week-high of$33.84 and a 52-week-low of$17.72 . Switch closed at$33.54 at the end of the last trading period. - According to Wells Fargo, the prior rating for Air Products & Chemicals Inc NYSE:APD was changed from Overweight to Equal-Weight. For the second quarter, Air Products & Chemicals had an EPS of
$2.38 , compared to year-ago quarter EPS of$2.08 . The current stock performance of Air Products & Chemicals shows a 52-week-high of$316.39 and a 52-week-low of$216.24 . Moreover, at the end of the last trading period, the closing price was at$232.89 . - For General Motors Co NYSE:GM, Wells Fargo downgraded the previous rating of Overweight to Underweight. In the first quarter, General Motors showed an EPS of
$2.09 , compared to$2.25 from the year-ago quarter. The current stock performance of General Motors shows a 52-week-high of$67.21 and a 52-week-low of$37.17 . Moreover, at the end of the last trading period, the closing price was at$37.27 . - For Ford Motor Co NYSE:F, Wells Fargo downgraded the previous rating of Overweight to Underweight. In the first quarter, Ford Motor showed an EPS of
$0.38 , compared to$0.89 from the year-ago quarter. At the moment, the stock has a 52-week-high of$25.87 and a 52-week-low of$11.28 . Ford Motor closed at$12.83 at the end of the last trading period. - For SEMrush Holdings Inc NYSE:SEMR, Keybanc downgraded the previous rating of Overweight to Sector Weight. SEMrush Hldgs earned
$0.02 in the first quarter, compared to$0.01 in the year-ago quarter. The stock has a 52-week-high of$32.48 and a 52-week-low of$7.51 . At the end of the last trading period, SEMrush Hldgs closed at$8.78 .
See all analyst ratings downgrades.
Initiations
- With a Buy rating, BTIG initiated coverage on Treace Medical Concepts Inc NASDAQ:TMCI. The price target seems to have been set at
$22.00 for Treace Medical Concepts. Treace Medical Concepts earned$0.16 in the first quarter, compared to$0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of$37.17 and a 52-week-low of$12.48 . Treace Medical Concepts closed at$12.93 at the end of the last trading period. - Berenberg initiated coverage on Boyd Gaming Corp NYSE:BYD with a Buy rating. The price target for Boyd Gaming is set to
$78.00 . Boyd Gaming earned$1.40 in the first quarter, compared to$0.93 in the year-ago quarter. The current stock performance of Boyd Gaming shows a 52-week-high of$72.72 and a 52-week-low of$50.38 . Moreover, at the end of the last trading period, the closing price was at$53.33 . - Berenberg initiated coverage on Red Rock Resorts Inc NASDAQ:RRR with a Buy rating. The price target for Red Rock Resorts is set to
$50.00 . For the first quarter, Red Rock Resorts had an EPS of$0.77 , compared to year-ago quarter EPS of$1.48 . The stock has a 52-week-high of$58.74 and a 52-week-low of$35.83 . At the end of the last trading period, Red Rock Resorts closed at$36.32 . - Goldman Sachs initiated coverage on DigitalOcean Holdings Inc NYSE:DOCN with a Buy rating. The price target for DigitalOcean Holdings is set to
$49.00 . For the first quarter, DigitalOcean Holdings had an EPS of$0.07 , compared to year-ago quarter EPS of$0.00 . The current stock performance of DigitalOcean Holdings shows a 52-week-high of$133.40 and a 52-week-low of$30.43 . Moreover, at the end of the last trading period, the closing price was at$30.86 . - B. Riley Securities initiated coverage on IVERIC bio Inc NASDAQ:ISEE with a Neutral rating. The price target for IVERIC bio is set to
$12.00 . For the first quarter, IVERIC bio had an EPS of$0.29 , compared to year-ago quarter EPS of$0.29 . The current stock performance of IVERIC bio shows a 52-week-high of$19.34 and a 52-week-low of$5.72 . Moreover, at the end of the last trading period, the closing price was at$10.13 .
See all analyst ratings initiations.