Benzinga's Top Ratings Upgrades, Downgrades For January 20, 2021

Upgrades

• For Netflix Inc NFLX, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the fourth quarter, Netflix had an EPS of $1.19, compared to year-ago quarter EPS of $1.30. The current stock performance of Netflix shows a 52-week-high of $575.37 and a 52-week-low of $290.25. Moreover, at the end of the last trading period, the closing price was at $501.77.
• According to BMO Capital, the prior rating for Polaris Inc PII was changed from Market Perform to Outperform. In the third quarter, Polaris showed an EPS of $2.85, compared to $1.68 from the year-ago quarter. The current stock performance of Polaris shows a 52-week-high of $113.43 and a 52-week-low of $37.35. Moreover, at the end of the last trading period, the closing price was at $113.15.
• For Williams-Sonoma Inc WSM, Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. For the third quarter, Williams-Sonoma had an EPS of $2.56, compared to year-ago quarter EPS of $1.02. The stock has a 52-week-high of $127.63 and a 52-week-low of $26.01. At the end of the last trading period, Williams-Sonoma closed at $125.08.
• B of A Securities upgraded the previous rating for Domtar Corp UFS from Neutral to Buy. In the third quarter, Domtar showed an EPS of $0.33, compared to $0.89 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.05 and a 52-week-low of $18.40. Domtar closed at $32.63 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for Sally Beauty Holdings Inc SBH was changed from Underweight to Equal-Weight. Sally Beauty Holdings earned $0.63 in the fourth quarter, compared to $0.58 in the year-ago quarter. The current stock performance of Sally Beauty Holdings shows a 52-week-high of $16.56 and a 52-week-low of $6.28. Moreover, at the end of the last trading period, the closing price was at $13.82.
• Goldman Sachs upgraded the previous rating for Lumentum Holdings Inc LITE from Neutral to Buy. For the first quarter, Lumentum Holdings had an EPS of $1.78, compared to year-ago quarter EPS of $1.44. The stock has a 52-week-high of $112.08 and a 52-week-low of $59.06. At the end of the last trading period, Lumentum Holdings closed at $94.60.
• For DraftKings Inc DKNG, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. Interestingly, in the third quarter, DraftKings's EPS was $0.98. At the moment, the stock has a 52-week-high of $64.19 and a 52-week-low of $18.00. DraftKings closed at $51.29 at the end of the last trading period.
• According to UBS, the prior rating for Netflix Inc NFLX was changed from Neutral to Buy. For the fourth quarter, Netflix had an EPS of $1.19, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $575.37 and a 52-week-low of $290.25. At the end of the last trading period, Netflix closed at $501.77.
• According to Berenberg, the prior rating for Boeing Co BA was changed from Sell to Hold. For the third quarter, Boeing had an EPS of $1.39, compared to year-ago quarter EPS of $1.45. The current stock performance of Boeing shows a 52-week-high of $349.95 and a 52-week-low of $89.00. Moreover, at the end of the last trading period, the closing price was at $210.67.

See all analyst ratings upgrades.

Downgrades

• Morgan Stanley downgraded the previous rating for Ollie's Bargain Outlet Holdings Inc OLLI from Equal-Weight to Underweight. In the third quarter, Ollie's Bargain Outlet showed an EPS of $0.65, compared to $0.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $112.58 and a 52-week-low of $28.83. Ollie's Bargain Outlet closed at $95.33 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for The Michaels Companies Inc MIK was changed from Equal-Weight to Underweight. For the third quarter, Michaels Companies had an EPS of $0.86, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $17.90 and a 52-week-low of $1.00. At the end of the last trading period, Michaels Companies closed at $16.37.
• Morgan Stanley downgraded the previous rating for The Kroger Co KR from Equal-Weight to Underweight. In the third quarter, Kroger showed an EPS of $0.71, compared to $0.47 from the year-ago quarter. The current stock performance of Kroger shows a 52-week-high of $37.22 and a 52-week-low of $26.72. Moreover, at the end of the last trading period, the closing price was at $33.62.
• Baird downgraded the previous rating for Gritstone Oncology Inc GRTS from Outperform to Underperform. Gritstone Oncology earned $0.69 in the third quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $22.47 and a 52-week-low of $2.54. Gritstone Oncology closed at $22.27 at the end of the last trading period.
• Piper Sandler downgraded the previous rating for e.l.f. Beauty Inc ELF from Overweight to Neutral. e.l.f. Beauty earned $0.16 in the third quarter, compared to $0.15 in the year-ago quarter. The current stock performance of e.l.f. Beauty shows a 52-week-high of $26.19 and a 52-week-low of $7.58. Moreover, at the end of the last trading period, the closing price was at $24.02.
• According to BTIG, the prior rating for Beyond Meat Inc BYND was changed from Buy to Neutral. For the third quarter, Beyond Meat had an EPS of $0.28, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $197.50 and a 52-week-low of $48.18. Beyond Meat closed at $141.64 at the end of the last trading period.
• According to Piper Sandler, the prior rating for Global Blood Therapeutics Inc GBT was changed from Overweight to Neutral. For the third quarter, Global Blood Therapeutics had an EPS of $0.97, compared to year-ago quarter EPS of $1.07. At the moment, the stock has a 52-week-high of $87.54 and a 52-week-low of $36.49. Global Blood Therapeutics closed at $50.85 at the end of the last trading period.
• For ShockWave Medical Inc SWAV, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, ShockWave Medical showed an EPS of $0.38, compared to $0.46 from the year-ago quarter. The current stock performance of ShockWave Medical shows a 52-week-high of $143.78 and a 52-week-low of $22.01. Moreover, at the end of the last trading period, the closing price was at $142.05.
• According to Credit Suisse, the prior rating for Bloom Energy Corp BE was changed from Outperform to Neutral. In the third quarter, Bloom Energy showed an EPS of $0.04, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.24 and a 52-week-low of $3.00. Bloom Energy closed at $39.92 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

• William Blair initiated coverage on Palantir Technologies Inc PLTR with a Market Perform rating. Palantir Technologies earned $0.94 in the third quarter. The stock has a 52-week-high of $33.50 and a 52-week-low of $8.90. At the end of the last trading period, Palantir Technologies closed at $26.63.
• Stephens & Co. initiated coverage on Flowers Foods Inc FLO with a Equal-Weight rating. The price target for Flowers Foods is set to $25.00. For the third quarter, Flowers Foods had an EPS of $0.29, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $25.18 and a 52-week-low of $17.42. At the end of the last trading period, Flowers Foods closed at $22.05.
• Stephens & Co. initiated coverage on B&G Foods Inc BGS with a Equal-Weight rating. The price target for B&G Foods is set to $27.00. For the third quarter, B&G Foods had an EPS of $0.74, compared to year-ago quarter EPS of $0.54. The current stock performance of B&G Foods shows a 52-week-high of $31.93 and a 52-week-low of $10.39. Moreover, at the end of the last trading period, the closing price was at $29.37.
• JMP Securities initiated coverage on Zscaler Inc ZS with an Outperform rating. The price target for Zscaler is set to $255.00. For the first quarter, Zscaler had an EPS of $0.14, compared to year-ago quarter EPS of $0.03. The current stock performance of Zscaler shows a 52-week-high of $217.15 and a 52-week-low of $35.00. Moreover, at the end of the last trading period, the closing price was at $212.00.
• With a Neutral rating, Rosenblatt initiated coverage on Snowflake Inc SNOW. The price target seems to have been set at $285.00 for Snowflake. For the third quarter, Snowflake had an EPS of $1.01, compared to year-ago quarter EPS of $1.92. The stock has a 52-week-high of $429.00 and a 52-week-low of $208.55. At the end of the last trading period, Snowflake closed at $286.54.
• With a Equal-Weight rating, Stephens & Co. initiated coverage on The Simply Good Foods Co SMPL. The price target seems to have been set at $29.00 for Simply Good Foods. In the first quarter, Simply Good Foods showed an EPS of $0.29, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $32.03 and a 52-week-low of $14.08. At the end of the last trading period, Simply Good Foods closed at $27.01.
• Morgan Stanley initiated coverage on Polaris Inc PII with an Overweight rating. The price target for Polaris is set to $140.00. For the third quarter, Polaris had an EPS of $2.85, compared to year-ago quarter EPS of $1.68. The current stock performance of Polaris shows a 52-week-high of $113.43 and a 52-week-low of $37.35. Moreover, at the end of the last trading period, the closing price was at $113.15.
• Truist Securities initiated coverage on Elastic NV ESTC with a Buy rating. The price target for Elastic is set to $175.00. For the second quarter, Elastic had an EPS of $0.03, compared to year-ago quarter EPS of $0.22. The current stock performance of Elastic shows a 52-week-high of $170.61 and a 52-week-low of $39.01. Moreover, at the end of the last trading period, the closing price was at $169.91.
• With a Buy rating, Truist Securities initiated coverage on Dynatrace Inc DT. The price target seems to have been set at $50.00 for Dynatrace. In the second quarter, Dynatrace showed an EPS of $0.18, compared to $0.06 from the year-ago quarter. The current stock performance of Dynatrace shows a 52-week-high of $48.85 and a 52-week-low of $17.10. Moreover, at the end of the last trading period, the closing price was at $43.81.
• With a Buy rating, Truist Securities initiated coverage on Alteryx Inc AYX. The price target seems to have been set at $150.00 for Alteryx. Alteryx earned $0.39 in the third quarter, compared to $0.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $185.75 and a 52-week-low of $75.17. Alteryx closed at $124.44 at the end of the last trading period.
• With a Buy rating, HC Wainwright & Co. initiated coverage on SenesTech Inc SNES. The price target seems to have been set at $4.00 for SenesTech. SenesTech earned $0.56 in the third quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $11.44 and a 52-week-low of $0.31. At the end of the last trading period, SenesTech closed at $2.13.
• With an Underperform rating, Bernstein initiated coverage on Colgate-Palmolive Co CL. The price target seems to have been set at $77.00 for Colgate-Palmolive. Colgate-Palmolive earned $0.79 in the third quarter, compared to $0.71 in the year-ago quarter. At the moment, the stock has a 52-week-high of $86.41 and a 52-week-low of $58.49. Colgate-Palmolive closed at $80.85 at the end of the last trading period.
• With a Market Perform rating, Bernstein initiated coverage on Procter & Gamble Co PG. The price target seems to have been set at $149.00 for Procter & Gamble. Procter & Gamble earned $1.64 in the second quarter, compared to $1.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $146.92 and a 52-week-low of $94.34. Procter & Gamble closed at $133.58 at the end of the last trading period.
• Bernstein initiated coverage on Kimberly-Clark Corp KMB with a Market Perform rating. The price target for Kimberly-Clark is set to $142.00. Kimberly-Clark earned $1.72 in the third quarter, compared to $1.84 in the year-ago quarter. At the moment, the stock has a 52-week-high of $160.16 and a 52-week-low of $110.66. Kimberly-Clark closed at $131.64 at the end of the last trading period.
• Bernstein initiated coverage on Clorox Co CLX with a Market Perform rating. The price target for Clorox is set to $206.00. In the first quarter, Clorox showed an EPS of $3.22, compared to $1.59 from the year-ago quarter. The current stock performance of Clorox shows a 52-week-high of $239.87 and a 52-week-low of $154.87. Moreover, at the end of the last trading period, the closing price was at $196.60.
• Bernstein initiated coverage on The Estee Lauder Companies Inc EL with an Outperform rating. The price target for Estee Lauder Cos is set to $311.00. In the first quarter, Estee Lauder Cos showed an EPS of $1.44, compared to $1.67 from the year-ago quarter. The stock has a 52-week-high of $267.20 and a 52-week-low of $137.01. At the end of the last trading period, Estee Lauder Cos closed at $248.44.
• With an Outperform rating, Bernstein initiated coverage on Coca-Cola Co KO. The price target seems to have been set at $58.00 for Coca-Cola. Coca-Cola earned $0.55 in the third quarter, compared to $0.56 in the year-ago quarter. The current stock performance of Coca-Cola shows a 52-week-high of $60.13 and a 52-week-low of $36.27. Moreover, at the end of the last trading period, the closing price was at $48.51.
• Bernstein initiated coverage on Monster Beverage Corp MNST with a Market Perform rating. The price target for Monster Beverage is set to $100.00. For the third quarter, Monster Beverage had an EPS of $0.65, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $95.11 and a 52-week-low of $50.06. Monster Beverage closed at $90.08 at the end of the last trading period.
• Bernstein initiated coverage on Keurig Dr Pepper Inc KDP with an Outperform rating. The price target for Keurig Dr Pepper is set to $40.00. For the third quarter, Keurig Dr Pepper had an EPS of $0.39, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $32.24 and a 52-week-low of $18.98. Keurig Dr Pepper closed at $31.82 at the end of the last trading period.
• Bernstein initiated coverage on PepsiCo Inc PEP with an Underperform rating. The price target for PepsiCo is set to $136.00. For the third quarter, PepsiCo had an EPS of $1.66, compared to year-ago quarter EPS of $1.56. The current stock performance of PepsiCo shows a 52-week-high of $148.77 and a 52-week-low of $101.42. Moreover, at the end of the last trading period, the closing price was at $142.06.
• With a Market Perform rating, Bernstein initiated coverage on Philip Morris International Inc PM. The price target seems to have been set at $92.00 for Philip Morris Intl. In the third quarter, Philip Morris Intl showed an EPS of $1.42, compared to $1.43 from the year-ago quarter. The current stock performance of Philip Morris Intl shows a 52-week-high of $90.17 and a 52-week-low of $56.01. Moreover, at the end of the last trading period, the closing price was at $81.94.
• With an Outperform rating, Bernstein initiated coverage on Altria Group Inc MO. The price target seems to have been set at $53.00 for Altria Group. For the third quarter, Altria Group had an EPS of $1.19, compared to year-ago quarter EPS of $1.19. The current stock performance of Altria Group shows a 52-week-high of $51.47 and a 52-week-low of $30.95. Moreover, at the end of the last trading period, the closing price was at $41.24.
• Credit Suisse initiated coverage on Penn National Gaming Inc PENN with an Outperform rating. The price target for Penn National Gaming is set to $128.00. Penn National Gaming earned $0.93 in the third quarter, compared to $0.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $107.34 and a 52-week-low of $3.75. Penn National Gaming closed at $100.42 at the end of the last trading period.
• With an Overweight rating, Piper Sandler initiated coverage on Chart Industries Inc GTLS. The price target seems to have been set at $160.00 for Chart Industries. The current stock performance of Chart Industries shows a 52-week-high of $140.88 and a 52-week-low of $15.00. Moreover, at the end of the last trading period, the closing price was at $137.38.

See all analyst ratings initiations.