Benzinga's Top Ratings Upgrades, Downgrades For June 16, 2021

Upgrades

According to Piper Sandler, the prior rating for First Bancorp FBNC was changed from Neutral to Overweight. For the first quarter, First Bancorp had an EPS of $0.99, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $48.83 and a 52-week-low of $19.60. First Bancorp closed at $42.05 at the end of the last trading period.
According to BTIG, the prior rating for EnerSys ENS was changed from Neutral to Buy. EnerSys earned $1.30 in the fourth quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $104.47 and a 52-week-low of $58.67. At the end of the last trading period, EnerSys closed at $95.43.
Wolfe Research upgraded the previous rating for Royal Caribbean Group RCL from Peer Perform to Outperform. For the first quarter, Royal Caribbean Gr had an EPS of $4.44, compared to year-ago quarter EPS of $1.48. The stock has a 52-week-high of $99.24 and a 52-week-low of $45.06. At the end of the last trading period, Royal Caribbean Gr closed at $86.93.
According to Wolfe Research, the prior rating for Norwegian Cruise Line Holdings Ltd NCLH was changed from Peer Perform to Outperform. For the first quarter, Norwegian Cruise Line had an EPS of $2.03, compared to year-ago quarter EPS of $0.99. The current stock performance of Norwegian Cruise Line shows a 52-week-high of $34.48 and a 52-week-low of $12.56. Moreover, at the end of the last trading period, the closing price was at $30.87.
According to Wolfe Research, the prior rating for Carnival Corp CCL was changed from Peer Perform to Outperform. In the first quarter, Carnival showed an EPS of $1.79, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $31.52 and a 52-week-low of $12.11. At the end of the last trading period, Carnival closed at $28.61.
For DISH Network Corp DISH, Pivotal Research upgraded the previous rating of Hold to Buy. In the first quarter, DISH Network showed an EPS of $0.99, compared to $0.55 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.05 and a 52-week-low of $24.51. DISH Network closed at $40.16 at the end of the last trading period.
According to Goldman Sachs, the prior rating for Evergy Inc EVRG was changed from Neutral to Buy. In the first quarter, Evergy showed an EPS of $0.55, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $65.43 and a 52-week-low of $48.61. At the end of the last trading period, Evergy closed at $64.52.

See all analyst ratings upgrades.

Downgrades

Aegis Capital downgraded the previous rating for Kindred Biosciences Inc KIN from Buy to Hold. For the first quarter, Kindred Biosciences had an EPS of $0.24, compared to year-ago quarter EPS of $0.45. The current stock performance of Kindred Biosciences shows a 52-week-high of $7.45 and a 52-week-low of $3.20. Moreover, at the end of the last trading period, the closing price was at $6.34.
For ResMed Inc RMD, B of A Securities downgraded the previous rating of Neutral to Underperform. In the third quarter, ResMed showed an EPS of $1.30, compared to $1.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $238.05 and a 52-week-low of $157.78. ResMed closed at $236.46 at the end of the last trading period.
According to Morgan Stanley, the prior rating for New Oriental Education & Technology Group Inc EDU was changed from Overweight to Equal-Weight. For the third quarter, New Oriental Education had an EPS of $0.10, compared to year-ago quarter EPS of $0.93. At the moment, the stock has a 52-week-high of $199.74 and a 52-week-low of $7.71. New Oriental Education closed at $9.54 at the end of the last trading period.
For Sage Therapeutics Inc SAGE, Citigroup downgraded the previous rating of Buy to Neutral. Sage Therapeutics earned $1.64 in the first quarter, compared to $2.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $98.39 and a 52-week-low of $34.62. Sage Therapeutics closed at $58.80 at the end of the last trading period.
Morgan Stanley downgraded the previous rating for 17 Education & Technology Group Inc YQ from Overweight to Underweight. In the first quarter, 17 Education & Technology earned $0.53. The current stock performance of 17 Education & Technology shows a 52-week-high of $23.93 and a 52-week-low of $3.82. Moreover, at the end of the last trading period, the closing price was at $4.43.
According to Redburn Partners, the prior rating for BioNTech SE BNTX was changed from Neutral to Sell. In the first quarter, BioNTech showed an EPS of $5.29, compared to $0.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $252.78 and a 52-week-low of $48.29. BioNTech closed at $218.17 at the end of the last trading period.
JP Morgan downgraded the previous rating for Insight Enterprises Inc NSIT from Overweight to Neutral. In the first quarter, Insight Enterprises showed an EPS of $1.30, compared to $1.30 from the year-ago quarter. The stock has a 52-week-high of $107.27 and a 52-week-low of $44.15. At the end of the last trading period, Insight Enterprises closed at $106.60.
Stifel downgraded the previous rating for Kinder Morgan Inc KMI from Buy to Hold. In the first quarter, Kinder Morgan showed an EPS of $0.60, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.29 and a 52-week-low of $11.45. Kinder Morgan closed at $19.03 at the end of the last trading period.
Goldman Sachs downgraded the previous rating for Ameren Corp AEE from Buy to Neutral. Ameren earned $0.91 in the first quarter, compared to $0.59 in the year-ago quarter. The stock has a 52-week-high of $86.90 and a 52-week-low of $67.14. At the end of the last trading period, Ameren closed at $86.14.
For Guidewire Software Inc GWRE, Needham downgraded the previous rating of Buy to Hold. In the third quarter, Guidewire Software showed an EPS of $0.16, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $134.22 and a 52-week-low of $91.77. Guidewire Software closed at $112.12 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

DA Davidson initiated coverage on Forest Road Acquisition Corp FRX with a Buy rating. The price target for Forest Road Acquisition is set to $14.50. In the fourth quarter, Forest Road Acquisition showed an EPS of $0.87, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.20 and a 52-week-low of $9.72. Forest Road Acquisition closed at $10.03 at the end of the last trading period.
Raymond James initiated coverage on The Lion Electric Co LEV with a Market Perform rating. The price target for Lion Electric is set to $22.00. In the first quarter, Lion Electric showed an EPS of $0.15, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.45 and a 52-week-low of $13.87. Lion Electric closed at $17.84 at the end of the last trading period.
For Sea Ltd SE, Bernstein initiated coverage, by setting the current rating at Outperform. For the first quarter, Sea had an EPS of $0.62, compared to year-ago quarter EPS of $0.52. The current stock performance of Sea shows a 52-week-high of $285.00 and a 52-week-low of $90.63. Moreover, at the end of the last trading period, the closing price was at $271.19.
With a Neutral rating, JP Morgan initiated coverage on Carpenter Technology Corp CRS. The price target seems to have been set at $49.00 for Carpenter Tech. Carpenter Tech earned $0.54 in the third quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.20 and a 52-week-low of $15.90. Carpenter Tech closed at $43.56 at the end of the last trading period.
With an Overweight rating, JP Morgan initiated coverage on Cleveland-Cliffs Inc CLF. The price target seems to have been set at $39.00 for Cleveland-Cliffs. Cleveland-Cliffs earned $0.35 in the first quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.77 and a 52-week-low of $4.92. Cleveland-Cliffs closed at $22.86 at the end of the last trading period.
JP Morgan initiated coverage on Commercial Metals Co CMC with a Neutral rating. The price target for Commercial Metals is set to $39.00. In the second quarter, Commercial Metals showed an EPS of $0.66, compared to $0.53 from the year-ago quarter. The stock has a 52-week-high of $34.02 and a 52-week-low of $17.43. At the end of the last trading period, Commercial Metals closed at $32.72.
JP Morgan initiated coverage on Nucor Corp NUE with a Neutral rating. The price target for Nucor is set to $114.00. Nucor earned $3.10 in the first quarter, compared to $0.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $110.97 and a 52-week-low of $38.51. Nucor closed at $101.92 at the end of the last trading period.
With an Overweight rating, JP Morgan initiated coverage on Reliance Steel & Aluminum Co RS. The price target seems to have been set at $181.00 for Reliance Steel & Aluminum. Reliance Steel & Aluminum earned $4.10 in the first quarter, compared to $2.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $181.21 and a 52-week-low of $89.38. Reliance Steel & Aluminum closed at $165.49 at the end of the last trading period.
With a Buy rating, B. Riley Securities initiated coverage on Entera Bio Ltd ENTX. The price target seems to have been set at $9.00 for Entera Bio. In the first quarter, Entera Bio showed an EPS of $0.43, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.16 and a 52-week-low of $1.00. Entera Bio closed at $3.73 at the end of the last trading period.
With a Buy rating, Goldman Sachs initiated coverage on Maxar Technologies Inc MAXR. The price target seems to have been set at $52.00 for Maxar Technologies. For the first quarter, Maxar Technologies had an EPS of $0.23, compared to year-ago quarter EPS of $0.27. At the moment, the stock has a 52-week-high of $58.75 and a 52-week-low of $13.70. Maxar Technologies closed at $35.97 at the end of the last trading period.
With a Buy rating, Canaccord Genuity initiated coverage on Coinbase Global Inc COIN. The price target seems to have been set at $285.00 for Coinbase Global. Coinbase Global earned $3.05 in the first quarter. The current stock performance of Coinbase Global shows a 52-week-high of $429.54 and a 52-week-low of $208.00. Moreover, at the end of the last trading period, the closing price was at $232.21.
BTIG initiated coverage on Bionano Genomics Inc BNGO with a Buy rating. The price target for Bionano Genomics is set to $10.00. In the first quarter, Bionano Genomics showed an EPS of $0.04, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $15.69 and a 52-week-low of $0.43. At the end of the last trading period, Bionano Genomics closed at $7.37.
Barclays initiated coverage on AppHarvest Inc APPH with an Overweight rating. The price target for AppHarvest is set to $25.00. AppHarvest earned $0.35 in the first quarter. At the moment, the stock has a 52-week-high of $42.90 and a 52-week-low of $10.90. AppHarvest closed at $15.55 at the end of the last trading period.