Benzinga's Top Ratings Upgrades, Downgrades For January 22, 2021

Upgrades

• For Webster Financial Corp WBS, Compass Point upgraded the previous rating of Neutral to Buy. Webster Financial earned $0.99 in the fourth quarter, compared to $0.96 in the year-ago quarter. The stock has a 52-week-high of $52.88 and a 52-week-low of $18.16. At the end of the last trading period, Webster Financial closed at $49.06.
• BTIG upgraded the previous rating for Fortinet Inc FTNT from Neutral to Buy. In the third quarter, Fortinet showed an EPS of $0.88, compared to $0.67 from the year-ago quarter. The current stock performance of Fortinet shows a 52-week-high of $155.31 and a 52-week-low of $70.20. Moreover, at the end of the last trading period, the closing price was at $149.76.
• According to Wedbush, the prior rating for American Outdoor Brands Inc AOUT was changed from Neutral to Outperform. In the second quarter, American Outdoor Brands earned $0.77. The stock has a 52-week-high of $20.94 and a 52-week-low of $12.24. At the end of the last trading period, American Outdoor Brands closed at $19.13.
• CICC upgraded the previous rating for TAL Education Group TAL from Market Perform to Outperform. In the third quarter, TAL Education showed an EPS of $0.07, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $84.43 and a 52-week-low of $44.24. At the end of the last trading period, TAL Education closed at $78.03.
• For Seagate Technology PLC STX, Summit Insights Group upgraded the previous rating of Hold to Buy. In the second quarter, Seagate Technology showed an EPS of $1.29, compared to $1.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.69 and a 52-week-low of $39.02. Seagate Technology closed at $62.94 at the end of the last trading period.
• According to UBS, the prior rating for The Walt Disney Co DIS was changed from Neutral to Buy. Walt Disney earned $0.20 in the fourth quarter, compared to $1.07 in the year-ago quarter. The current stock performance of Walt Disney shows a 52-week-high of $183.40 and a 52-week-low of $79.07. Moreover, at the end of the last trading period, the closing price was at $171.35.
• For Ford Motor Co F, JP Morgan upgraded the previous rating of Neutral to Overweight. Ford Motor earned $0.65 in the third quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.15 and a 52-week-low of $3.96. Ford Motor closed at $11.53 at the end of the last trading period.
• Citigroup upgraded the previous rating for U.S. Bancorp USB from Neutral to Buy. In the fourth quarter, U.S. Bancorp showed an EPS of $0.95, compared to $1.08 from the year-ago quarter. The current stock performance of U.S. Bancorp shows a 52-week-high of $55.69 and a 52-week-low of $28.36. Moreover, at the end of the last trading period, the closing price was at $45.67.
• According to Keefe, Bruyette & Woods, the prior rating for Northern Trust Corp NTRS was changed from Market Perform to Outperform. Northern Trust earned $1.49 in the fourth quarter, compared to $1.81 in the year-ago quarter. The stock has a 52-week-high of $109.88 and a 52-week-low of $60.67. At the end of the last trading period, Northern Trust closed at $94.22.
• For Adient PLC ADNT, JP Morgan upgraded the previous rating of Underweight to Neutral. For the fourth quarter, Adient had an EPS of $1.15, compared to year-ago quarter EPS of $0.63. The current stock performance of Adient shows a 52-week-high of $38.26 and a 52-week-low of $5.90. Moreover, at the end of the last trading period, the closing price was at $35.25.
• For Procter & Gamble Co PG, Independent Research upgraded the previous rating of Hold to Buy. For the second quarter, Procter & Gamble had an EPS of $1.64, compared to year-ago quarter EPS of $1.42. The stock has a 52-week-high of $146.92 and a 52-week-low of $94.34. At the end of the last trading period, Procter & Gamble closed at $131.01.
• For Lear Corp LEA, JP Morgan upgraded the previous rating of Neutral to Overweight. Lear earned $3.73 in the third quarter, compared to $3.54 in the year-ago quarter. The current stock performance of Lear shows a 52-week-high of $170.68 and a 52-week-low of $63.20. Moreover, at the end of the last trading period, the closing price was at $167.90.

See all analyst ratings upgrades.

Downgrades

• According to JP Morgan, the prior rating for Visteon Corp VC was changed from Neutral to Underweight. For the third quarter, Visteon had an EPS of $1.36, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $147.55 and a 52-week-low of $38.69. Visteon closed at $142.23 at the end of the last trading period.
• For TAL Education Group TAL, Credit Suisse downgraded the previous rating of Outperform to Neutral. In the third quarter, TAL Education showed an EPS of $0.07, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $84.43 and a 52-week-low of $44.24. TAL Education closed at $78.03 at the end of the last trading period.
• According to JP Morgan, the prior rating for Aptiv PLC APTV was changed from Overweight to Neutral. In the third quarter, Aptiv showed an EPS of $1.13, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $152.78 and a 52-week-low of $29.22. Aptiv closed at $143.94 at the end of the last trading period.
• BMO Capital downgraded the previous rating for Sage Therapeutics Inc SAGE from Outperform to Market Perform. Sage Therapeutics earned $2.03 in the third quarter, compared to $3.48 in the year-ago quarter. The current stock performance of Sage Therapeutics shows a 52-week-high of $98.39 and a 52-week-low of $25.01. Moreover, at the end of the last trading period, the closing price was at $92.44.
• Jefferies downgraded the previous rating for Regis Corp RGS from Buy to Hold. In the first quarter, Regis showed an EPS of $0.78, compared to $0.37 from the year-ago quarter. The stock has a 52-week-high of $18.14 and a 52-week-low of $4.22. At the end of the last trading period, Regis closed at $9.28.
• According to Morgan Stanley, the prior rating for Globalstar Inc GSAT was changed from Equal-Weight to Underweight. In the third quarter, Globalstar showed an EPS of $0.01, compared to $0.01 from the year-ago quarter. The current stock performance of Globalstar shows a 52-week-high of $1.48 and a 52-week-low of $0.23. Moreover, at the end of the last trading period, the closing price was at $1.24.
• For CSX Corp CSX, Stifel downgraded the previous rating of Buy to Hold. CSX earned $1.04 in the fourth quarter, compared to $0.99 in the year-ago quarter. The current stock performance of CSX shows a 52-week-high of $97.54 and a 52-week-low of $46.81. Moreover, at the end of the last trading period, the closing price was at $91.61.

See all analyst ratings downgrades.

Initiations

• With a Buy rating, BTIG initiated coverage on XL Fleet Corp XL. The price target seems to have been set at $30.00 for XL Fleet. The current stock performance of XL Fleet shows a 52-week-high of $35.00 and a 52-week-low of $17.25. Moreover, at the end of the last trading period, the closing price was at $19.13.
• With a Buy rating, Nomura Instinet initiated coverage on NIO Inc NIO. The price target seems to have been set at $80.30 for NIO. In the third quarter, NIO showed an EPS of $0.12, compared to $0.33 from the year-ago quarter. The current stock performance of NIO shows a 52-week-high of $66.99 and a 52-week-low of $2.11. Moreover, at the end of the last trading period, the closing price was at $58.33.
• With a Buy rating, Guggenheim initiated coverage on SCYNEXIS Inc SCYX. The price target seems to have been set at $25.00 for SCYNEXIS. SCYNEXIS earned $0.28 in the third quarter, compared to $0.15 in the year-ago quarter. The current stock performance of SCYNEXIS shows a 52-week-high of $8.10 and a 52-week-low of $0.50. Moreover, at the end of the last trading period, the closing price was at $7.31.
• Goldman Sachs initiated coverage on Oracle Corp ORCL with a Sell rating. The price target for Oracle is set to $60.00. Oracle earned $1.06 in the second quarter, compared to $0.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $66.20 and a 52-week-low of $39.71. Oracle closed at $61.19 at the end of the last trading period.
• With a Neutral rating, Goldman Sachs initiated coverage on VMware Inc VMW. The price target seems to have been set at $150.00 for VMware. VMware earned $1.66 in the third quarter, compared to $1.49 in the year-ago quarter. The stock has a 52-week-high of $163.17 and a 52-week-low of $86.00. At the end of the last trading period, VMware closed at $134.07.
• Goldman Sachs initiated coverage on Intuit Inc INTU with a Neutral rating. The price target for Intuit is set to $430.00. For the first quarter, Intuit had an EPS of $0.94, compared to year-ago quarter EPS of $0.41. At the moment, the stock has a 52-week-high of $398.12 and a 52-week-low of $187.68. Intuit closed at $381.75 at the end of the last trading period.
• Goldman Sachs initiated coverage on Adobe Inc ADBE with a Buy rating. The price target for Adobe is set to $580.00. For the fourth quarter, Adobe had an EPS of $2.81, compared to year-ago quarter EPS of $2.29. The current stock performance of Adobe shows a 52-week-high of $536.88 and a 52-week-low of $255.13. Moreover, at the end of the last trading period, the closing price was at $472.02.
• Goldman Sachs initiated coverage on Workday Inc WDAY with a Buy rating. The price target for Workday is set to $300.00. Workday earned $0.86 in the third quarter, compared to $0.53 in the year-ago quarter. The current stock performance of Workday shows a 52-week-high of $259.01 and a 52-week-low of $107.75. Moreover, at the end of the last trading period, the closing price was at $229.39.
• Goldman Sachs initiated coverage on Salesforce.com Inc CRM with a Buy rating. The price target for Salesforce.com is set to $315.00. For the third quarter, Salesforce.com had an EPS of $1.74, compared to year-ago quarter EPS of $0.75. The current stock performance of Salesforce.com shows a 52-week-high of $284.50 and a 52-week-low of $115.29. Moreover, at the end of the last trading period, the closing price was at $222.42.
• Goldman Sachs initiated coverage on Microsoft Corp MSFT with a Buy rating. The price target for Microsoft is set to $285.00. In the first quarter, Microsoft showed an EPS of $1.82, compared to $1.38 from the year-ago quarter. The stock has a 52-week-high of $232.86 and a 52-week-low of $132.52. At the end of the last trading period, Microsoft closed at $224.97.
• With a Neutral rating, Janney Capital initiated coverage on Taylor Morrison Home Corp TMHC. The price target seems to have been set at $30.00 for Taylor Morrison Home. In the third quarter, Taylor Morrison Home showed an EPS of $1.01, compared to $0.65 from the year-ago quarter. The current stock performance of Taylor Morrison Home shows a 52-week-high of $30.15 and a 52-week-low of $6.39. Moreover, at the end of the last trading period, the closing price was at $29.66.
• Janney Capital initiated coverage on PulteGroup Inc PHM with a Buy rating. The price target for PulteGroup is set to $61.00. PulteGroup earned $1.34 in the third quarter, compared to $1.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.70 and a 52-week-low of $17.12. PulteGroup closed at $47.55 at the end of the last trading period.
• For Meritage Homes Corp MTH, Janney Capital initiated coverage, by setting the current rating at Neutral. Meritage Homes earned $2.84 in the third quarter, compared to $1.79 in the year-ago quarter. The stock has a 52-week-high of $117.06 and a 52-week-low of $25.24. At the end of the last trading period, Meritage Homes closed at $91.78.
• BMO Capital initiated coverage on HubSpot Inc HUBS with an Outperform rating. The price target for HubSpot is set to $470.00. In the third quarter, HubSpot showed an EPS of $0.28, compared to $0.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $420.61 and a 52-week-low of $90.83. HubSpot closed at $388.50 at the end of the last trading period.
• Raymond James initiated coverage on Fisker Inc FSR with a Market Perform rating. The stock has a 52-week-high of $23.62 and a 52-week-low of $14.32. At the end of the last trading period, Fisker closed at $14.99.
• With an Outperform rating, Oppenheimer initiated coverage on DermTech Inc DMTK. The price target seems to have been set at $53.00 for DermTech. DermTech earned $0.50 in the third quarter, compared to $0.93 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.86 and a 52-week-low of $8.69. DermTech closed at $42.68 at the end of the last trading period.
• Janney Capital initiated coverage on D.R. Horton Inc DHI with a Neutral rating. D.R. Horton earned $2.24 in the fourth quarter, compared to $1.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $81.21 and a 52-week-low of $25.51. D.R. Horton closed at $76.58 at the end of the last trading period.
• For Beyond Meat Inc BYND, Longbow Research initiated coverage, by setting the current rating at 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 $134.61 at the end of the last trading period.
• With a Sell rating, Goldman Sachs initiated coverage on Autodesk Inc ADSK. The price target seems to have been set at $270.00 for Autodesk. Autodesk earned $1.04 in the third quarter, compared to $0.78 in the year-ago quarter. The stock has a 52-week-high of $321.13 and a 52-week-low of $125.38. At the end of the last trading period, Autodesk closed at $306.46.

See all analyst ratings initiations.