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.