Benzinga's Top Ratings Upgrades, Downgrades For May 13, 2022

Upgrades

B of A Securities upgraded the previous rating for Ritchie Bros Auctioneers Inc NYSE:RBA from Underperform to Neutral. In the first quarter, Ritchie Bros Auctioneers showed an EPS of $0.46, compared to $0.25 from the year-ago quarter. The current stock performance of Ritchie Bros Auctioneers shows a 52-week-high of $76.17 and a 52-week-low of $48.65. Moreover, at the end of the last trading period, the closing price was at $58.91.

For Ford Motor Co NYSE:F, Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. For the first quarter, Ford Motor had an EPS of $0.38, compared to year-ago quarter EPS of $0.89. The current stock performance of Ford Motor shows a 52-week-high of $25.87 and a 52-week-low of $11.28. Moreover, at the end of the last trading period, the closing price was at $12.44.

For PaySign Inc NASDAQ:PAYS, Barrington Research upgraded the previous rating of Market Perform to Outperform. For the first quarter, PaySign had an EPS of $0.01, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $3.88 and a 52-week-low of $1.15. PaySign closed at $1.24 at the end of the last trading period.

According to HSBC, the prior rating for Krispy Kreme Inc NASDAQ:DNUT was changed from Hold to Buy. The stock has a 52-week-high of $21.69 and a 52-week-low of $11.98. At the end of the last trading period, Krispy Kreme closed at $13.09.

According to Guggenheim, the prior rating for Constellation Energy Corp NASDAQ:CEG was changed from Neutral to Buy. The stock has a 52-week-high of $68.68 and a 52-week-low of $42.18. At the end of the last trading period, Constellation Energy closed at $53.47.

According to UBS, the prior rating for Endeavor Group Holdings Inc NYSE:EDR was changed from Neutral to Buy. For the first quarter, Endeavor Gr Hldgs had an EPS of $0.29, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $35.28 and a 52-week-low of $17.42. Endeavor Gr Hldgs closed at $18.34 at the end of the last trading period.

Wedbush upgraded the previous rating for Squarespace Inc NYSE:SQSP from Neutral to Outperform. Squarespace earned $0.67 in the first quarter, compared to $0.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.71 and a 52-week-low of $14.43. Squarespace closed at $21.44 at the end of the last trading period.

For Waste Management Inc NYSE:WM, B of A Securities upgraded the previous rating of Underperform to Neutral. Waste Management earned $1.29 in the first quarter, compared to $1.06 in the year-ago quarter. The stock has a 52-week-high of $170.18 and a 52-week-low of $136.97. At the end of the last trading period, Waste Management closed at $155.48.

For Mercury Systems Inc NASDAQ:MRCY, Truist Securities upgraded the previous rating of Hold to Buy. In the third quarter, Mercury Systems showed an EPS of $0.57, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.28 and a 52-week-low of $44.44. Mercury Systems closed at $54.96 at the end of the last trading period.

According to B of A Securities, the prior rating for Republic Services Inc NYSE:RSG was changed from Neutral to Buy. For the first quarter, Republic Services had an EPS of $1.14, compared to year-ago quarter EPS of $0.93. The stock has a 52-week-high of $145.98 and a 52-week-low of $106.46. At the end of the last trading period, Republic Services closed at $127.72.

B of A Securities upgraded the previous rating for WEC Energy Group Inc NYSE:WEC from Neutral to Buy. WEC Energy Gr earned $1.79 in the first quarter, compared to $1.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $106.82 and a 52-week-low of $86.84. WEC Energy Gr closed at $100.82 at the end of the last trading period.

Alliance Global Partners upgraded the previous rating for DarioHealth Corp NASDAQ:DRIO from Neutral to Buy. DarioHealth earned $0.74 in the first quarter, compared to $0.92 in the year-ago quarter. The current stock performance of DarioHealth shows a 52-week-high of $23.80 and a 52-week-low of $4.11. Moreover, at the end of the last trading period, the closing price was at $5.18.

For Evolus Inc NASDAQ:EOLS, Barclays upgraded the previous rating of 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 $12.04 at the end of the last trading period.

According to Barclays, the prior rating for Copa Holdings SA NYSE:CPA was changed from Underweight to Overweight. Copa Holdings earned $0.70 in the first quarter, compared to $2.23 in the year-ago quarter. The stock has a 52-week-high of $97.63 and a 52-week-low of $64.12. At the end of the last trading period, Copa Holdings closed at $68.02.

Stephens & Co. upgraded the previous rating for Old National Bancorp NASDAQ:ONB from Equal-Weight to Overweight. For the first quarter, Old National Bancorp had an EPS of $0.40, compared to year-ago quarter EPS of $0.52. The current stock performance of Old National Bancorp shows a 52-week-high of $20.81 and a 52-week-low of $14.91. Moreover, at the end of the last trading period, the closing price was at $15.42.

According to Barclays, the prior rating for Endeavor Group Holdings Inc NYSE:EDR was changed from Equal-Weight to Overweight. Endeavor Gr Hldgs earned $0.29 in the first quarter, compared to $0.23 in the year-ago quarter. The stock has a 52-week-high of $35.28 and a 52-week-low of $17.42. At the end of the last trading period, Endeavor Gr Hldgs closed at $18.34.

Piper Sandler upgraded the previous rating for First Solar Inc NASDAQ:FSLR from Neutral to Overweight. For the first quarter, First Solar had an EPS of $0.41, compared to year-ago quarter EPS of $0.81. At the moment, the stock has a 52-week-high of $123.12 and a 52-week-low of $59.60. First Solar closed at $61.40 at the end of the last trading period.

For Blackstone Secured Lending Fund NYSE:BXSL, Raymond James upgraded the previous rating of Market Perform to Outperform. At the moment, the stock has a 52-week-high of $38.32 and a 52-week-low of $24.42. Blackstone Secured closed at $25.00 at the end of the last trading period.

For Duolingo Inc NASDAQ:DUOL, Raymond James upgraded the previous rating of Market Perform to Outperform. At the moment, the stock has a 52-week-high of $205.00 and a 52-week-low of $60.50. Duolingo closed at $66.98 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Brickell Biotech Inc NASDAQ:BBI, Lake Street downgraded the previous rating of Buy to Hold. For the first quarter, Brickell Biotech had an EPS of $0.08, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $1.04 and a 52-week-low of $0.19. Brickell Biotech closed at $0.21 at the end of the last trading period.

For Redbox Entertainment Inc NASDAQ:RDBX, B. Riley Securities downgraded the previous rating of Buy to Neutral. The current stock performance of Redbox Entertainment shows a 52-week-high of $27.22 and a 52-week-low of $1.61. Moreover, at the end of the last trading period, the closing price was at $2.68.

For ironSource Ltd NYSE:IS, BTIG downgraded the previous rating of Buy to Neutral. For the first quarter, ironSource had an EPS of $0.05, compared to year-ago quarter EPS of $0.04. The current stock performance of ironSource shows a 52-week-high of $13.14 and a 52-week-low of $2.40. Moreover, at the end of the last trading period, the closing price was at $2.61.

According to Wolfe Research, the prior rating for Meritage Homes Corp NYSE:MTH was changed from Outperform to Peer Perform. For the first quarter, Meritage Homes had an EPS of $5.79, compared to year-ago quarter EPS of $3.44. The stock has a 52-week-high of $125.01 and a 52-week-low of $75.56. At the end of the last trading period, Meritage Homes closed at $80.42.

B of A Securities downgraded the previous rating for Oshkosh Corp NYSE:OSK from Neutral to Underperform. For the first quarter, Oshkosh had an EPS of $0.24, compared to year-ago quarter EPS of $1.13. The current stock performance of Oshkosh shows a 52-week-high of $137.47 and a 52-week-low of $85.93. Moreover, at the end of the last trading period, the closing price was at $88.19.

According to Wolfe Research, the prior rating for KB Home NYSE:KBH was changed from Peer Perform to Underperform. 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 $50.20 and a 52-week-low of $30.13. KB Home closed at $32.76 at the end of the last trading period.

According to RBC Capital, the prior rating for TuSimple Holdings Inc NASDAQ:TSP was changed from Outperform to Sector Perform. For the first quarter, TuSimple Hldgs had an EPS of $0.50, compared to year-ago quarter EPS of $6.43. The current stock performance of TuSimple Hldgs shows a 52-week-high of $79.84 and a 52-week-low of $6.63. Moreover, at the end of the last trading period, the closing price was at $7.29.

B of A Securities downgraded the previous rating for Proterra Inc NASDAQ:PTRA from Buy to Underperform. At the moment, the stock has a 52-week-high of $18.52 and a 52-week-low of $4.43. Proterra closed at $5.10 at the end of the last trading period.

For New Relic Inc NYSE:NEWR, Needham downgraded the previous rating of Buy to Hold. In the fourth quarter, New Relic showed an EPS of $0.24, compared to $0.27 from the year-ago quarter. The current stock performance of New Relic shows a 52-week-high of $129.70 and a 52-week-low of $45.32. Moreover, at the end of the last trading period, the closing price was at $47.82.

HC Wainwright & Co. downgraded the previous rating for Pulse Biosciences Inc NASDAQ:PLSE from Buy to Neutral. In the first quarter, Pulse Biosciences showed an EPS of $0.47, compared to $0.71 from the year-ago quarter. The current stock performance of Pulse Biosciences shows a 52-week-high of $29.16 and a 52-week-low of $1.41. Moreover, at the end of the last trading period, the closing price was at $1.48.

For Equinor ASA NYSE:EQNR, Jefferies downgraded the previous rating of Buy to Hold. For the first quarter, Equinor had an EPS of $1.60, compared to year-ago quarter EPS of $0.82. The current stock performance of Equinor shows a 52-week-high of $39.15 and a 52-week-low of $18.45. Moreover, at the end of the last trading period, the closing price was at $33.75.

Jefferies downgraded the previous rating for Carvana Co NYSE:CVNA from Buy to Hold. In the first quarter, Carvana showed an EPS of $2.89, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $376.83 and a 52-week-low of $28.35. At the end of the last trading period, Carvana closed at $37.40.

According to Barclays, the prior rating for Switch Inc NYSE:SWCH was changed from Overweight to Equal-Weight. 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 $33.40 at the end of the last trading period.

For Avaya Holdings Corp NYSE:AVYA, Cowen & Co. downgraded the previous rating of Outperform to Market Perform. For the second quarter, Avaya Hldgs had an EPS of $0.53, compared to year-ago quarter EPS of $0.74. The stock has a 52-week-high of $29.55 and a 52-week-low of $5.54. At the end of the last trading period, Avaya Hldgs closed at $5.81.

For United Parcel Service Inc NYSE:UPS, JP Morgan downgraded the previous rating of Overweight to Neutral. In the first quarter, United Parcel Service showed an EPS of $3.05, compared to $2.77 from the year-ago quarter. The stock has a 52-week-high of $233.72 and a 52-week-low of $173.19. At the end of the last trading period, United Parcel Service closed at $178.65.

For Outbrain Inc NASDAQ:OB, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. Outbrain earned $0.00 in the first quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Outbrain shows a 52-week-high of $20.99 and a 52-week-low of $5.58. Moreover, at the end of the last trading period, the closing price was at $6.28.

For Atmos Energy Corp NYSE:ATO, Goldman Sachs downgraded the previous rating of Buy to Neutral. Atmos Energy earned $2.37 in the second quarter, compared to $2.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $122.95 and a 52-week-low of $85.80. Atmos Energy closed at $112.09 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Fluence Energy Inc NASDAQ:FLNC was changed from Buy to Neutral. At the moment, the stock has a 52-week-high of $39.40 and a 52-week-low of $4.96. Fluence Energy closed at $6.31 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

B. Riley Securities initiated coverage on Burford Capital Ltd NYSE:BUR with a Buy rating. The price target for Burford Capital is set to $15.00. NoneAt the moment, the stock has a 52-week-high of $12.56 and a 52-week-low of $7.24. Burford Capital closed at $7.48 at the end of the last trading period.

B of A Securities initiated coverage on Fathom Digital Manufacturing Corp NYSE:FATH with a Neutral rating. The price target for Fathom Digital Mfg is set to $7.00. At the moment, the stock has a 52-week-high of $11.50 and a 52-week-low of $5.04. Fathom Digital Mfg closed at $6.17 at the end of the last trading period.

Scotiabank initiated coverage on Royalty Pharma PLC NASDAQ:RPRX with an Outperform rating. The price target for Royalty Pharma is set to $53.00. Royalty Pharma earned $0.60 in the first quarter, compared to $0.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.10 and a 52-week-low of $34.86. Royalty Pharma closed at $38.95 at the end of the last trading period.

Loop Capital initiated coverage on ESAB Corp NYSE:ESAB with a Hold rating. The price target for ESAB is set to $52.00. In the first quarter, ESAB showed an EPS of $1.17, compared to $1.12 from the year-ago quarter. The stock has a 52-week-high of $58.08 and a 52-week-low of $42.96. At the end of the last trading period, ESAB closed at $47.34.

Cowen & Co. initiated coverage on NuScale Power Corp NYSE:SMR with an Outperform rating. The price target for NuScale Power is set to $15.00. The current stock performance of NuScale Power shows a 52-week-high of $10.80 and a 52-week-low of $9.31. Moreover, at the end of the last trading period, the closing price was at $9.84.

With an Overweight rating, JP Morgan initiated coverage on Redwood Trust Inc NYSE:RWT. The price target seems to have been set at $11.50 for Redwood Trust. For the first quarter, Redwood Trust had an EPS of $0.24, compared to year-ago quarter EPS of $0.72. The current stock performance of Redwood Trust shows a 52-week-high of $14.17 and a 52-week-low of $8.63. Moreover, at the end of the last trading period, the closing price was at $9.44.

See all analyst ratings initiations.