Benzinga's Top Ratings Upgrades, Downgrades For July 29, 2021

Upgrades

Scotiabank upgraded the previous rating for Air Canada ACDVF from Sector Perform to Outperform. The current stock performance of Air Canada shows a 52-week-high of $24.58 and a 52-week-low of $10.88. Moreover, at the end of the last trading period, the closing price was at $19.93.

According to B of A Securities, the prior rating for Allegiant Travel Co ALGT was changed from Neutral to Buy. For the second quarter, Allegiant Travel had an EPS of $3.46, compared to year-ago quarter EPS of $5.96. The current stock performance of Allegiant Travel shows a 52-week-high of $271.29 and a 52-week-low of $105.08. Moreover, at the end of the last trading period, the closing price was at $191.91.

According to Janney Montgomery Scott, the prior rating for First Merchants Corp FRME was changed from Neutral to Buy. For the second quarter, First Merchants had an EPS of $1.03, compared to year-ago quarter EPS of $0.62. The current stock performance of First Merchants shows a 52-week-high of $50.65 and a 52-week-low of $21.50. Moreover, at the end of the last trading period, the closing price was at $40.58.

For Century Communities Inc CCS, Zelman upgraded the previous rating of Sell to Hold. Century Communities earned $3.47 in the second quarter, compared to $1.21 in the year-ago quarter. The current stock performance of Century Communities shows a 52-week-high of $83.20 and a 52-week-low of $34.50. Moreover, at the end of the last trading period, the closing price was at $62.43.

UBS upgraded the previous rating for Spotify Technology SA SPOT from Sell to Neutral. In the second quarter, Spotify Technology showed an EPS of $0.23, compared to $2.10 from the year-ago quarter. The stock has a 52-week-high of $387.44 and a 52-week-low of $211.10. At the end of the last trading period, Spotify Technology closed at $223.32.

According to Craig-Hallum, the prior rating for Cirrus Logic Inc CRUS was changed from Hold to Buy. For the first quarter, Cirrus Logic had an EPS of $0.54, compared to year-ago quarter EPS of $0.53. The stock has a 52-week-high of $103.25 and a 52-week-low of $55.84. At the end of the last trading period, Cirrus Logic closed at $84.32.

According to Argus Research, the prior rating for Raytheon Technologies Corp RTX was changed from Hold to Buy. Raytheon Technologies earned $1.03 in the second quarter, compared to $0.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $89.98 and a 52-week-low of $51.92. Raytheon Technologies closed at $87.20 at the end of the last trading period.

Guggenheim upgraded the previous rating for Spotify Technology SA SPOT from Neutral to Buy. Spotify Technology earned $0.23 in the second quarter, compared to $2.10 in the year-ago quarter. The stock has a 52-week-high of $387.44 and a 52-week-low of $211.10. At the end of the last trading period, Spotify Technology closed at $223.32.

For Nabors Industries Ltd NBR, Evercore ISI Group upgraded the previous rating of Underperform to In-Line. In the second quarter, Nabors Industries showed an EPS of $15.73, compared to $14.45 from the year-ago quarter. The stock has a 52-week-high of $133.61 and a 52-week-low of $21.66. At the end of the last trading period, Nabors Industries closed at $90.04.

For Teradyne Inc TER, Susquehanna upgraded the previous rating of Neutral to Positive. In the second quarter, Teradyne showed an EPS of $1.91, compared to $1.33 from the year-ago quarter. The stock has a 52-week-high of $147.90 and a 52-week-low of $74.08. At the end of the last trading period, Teradyne closed at $122.08.

For Tesla Inc TSLA, DZ Bank upgraded the previous rating of Sell to Buy. For the second quarter, Tesla had an EPS of $1.45, compared to year-ago quarter EPS of $0.44. The current stock performance of Tesla shows a 52-week-high of $900.40 and a 52-week-low of $273.00. Moreover, at the end of the last trading period, the closing price was at $646.98.

For Extreme Networks Inc EXTR, Needham upgraded the previous rating of Hold to Buy. Extreme Networks earned $0.19 in the fourth quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.06 and a 52-week-low of $3.73. Extreme Networks closed at $10.43 at the end of the last trading period.

For CyrusOne Inc CONE, Raymond James upgraded the previous rating of Underperform to Outperform. CyrusOne earned $1.00 in the second quarter, compared to $1.03 in the year-ago quarter. The stock has a 52-week-high of $86.77 and a 52-week-low of $61.64. At the end of the last trading period, CyrusOne closed at $74.56.

For Zoom Video Communications Inc ZM, Keybanc upgraded the previous rating of Sector Weight to Overweight. For the first quarter, Zoom Video Communications had an EPS of $1.32, compared to year-ago quarter EPS of $0.20. The stock has a 52-week-high of $588.84 and a 52-week-low of $230.00. At the end of the last trading period, Zoom Video Communications closed at $369.49.

See all analyst ratings upgrades.

Downgrades

B of A Securities downgraded the previous rating for Cirrus Logic Inc CRUS from Buy to Neutral. Cirrus Logic earned $0.54 in the first quarter, compared to $0.53 in the year-ago quarter. The current stock performance of Cirrus Logic shows a 52-week-high of $103.25 and a 52-week-low of $55.84. Moreover, at the end of the last trading period, the closing price was at $84.32.

Truist Securities downgraded the previous rating for CyrusOne Inc CONE from Buy to Hold. For the second quarter, CyrusOne had an EPS of $1.00, compared to year-ago quarter EPS of $1.03. The stock has a 52-week-high of $86.77 and a 52-week-low of $61.64. At the end of the last trading period, CyrusOne closed at $74.56.

According to Canaccord Genuity, the prior rating for Theratechnologies Inc THTX was changed from Buy to Hold. Theratechnologies earned $0.07 in the second quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $4.25 and a 52-week-low of $1.83. At the end of the last trading period, Theratechnologies closed at $3.71.

Raymond James downgraded the previous rating for Altice USA Inc ATUS from Strong Buy to Outperform. Altice USA earned $0.51 in the second quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.30 and a 52-week-low of $24.20. Altice USA closed at $34.11 at the end of the last trading period.

Credit Suisse downgraded the previous rating for Middlefield Banc Corp MBCN from Outperform to Neutral. Middlefield Banc earned $0.70 in the second quarter, compared to $0.46 in the year-ago quarter. The current stock performance of Middlefield Banc shows a 52-week-high of $26.35 and a 52-week-low of $17.29. Moreover, at the end of the last trading period, the closing price was at $24.16.

According to JP Morgan, the prior rating for iRobot Corp IRBT was changed from Overweight to Neutral. For the second quarter, iRobot had an EPS of $0.27, compared to year-ago quarter EPS of $1.06. At the moment, the stock has a 52-week-high of $197.40 and a 52-week-low of $67.55. iRobot closed at $88.83 at the end of the last trading period.

According to Societe Generale, the prior rating for Europcar Mobility Group EURMF was changed from Buy to Hold. At the moment, the stock has a 52-week-high of $0.83 and a 52-week-low of $0.00. Europcar Mobility Gr closed at $0.83 at the end of the last trading period.

For Naturgy Energy Group SA GASNY, Kepler Cheuvreux downgraded the previous rating of Buy to Hold. The current stock performance of Naturgy Energy Group shows a 52-week-high of $5.38 and a 52-week-low of $3.60. Moreover, at the end of the last trading period, the closing price was at $5.23.

For Moody's Corporation MCO, UBS downgraded the previous rating of Buy to Neutral. For the second quarter, Moody's had an EPS of $3.22, compared to year-ago quarter EPS of $2.81. The stock has a 52-week-high of $384.52 and a 52-week-low of $253.17. At the end of the last trading period, Moody's closed at $378.58.

Janney Montgomery Scott downgraded the previous rating for Investors Bancorp Inc ISBC from Buy to Neutral. For the second quarter, Investors Bancorp had an EPS of $0.34, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $15.71 and a 52-week-low of $6.74. At the end of the last trading period, Investors Bancorp closed at $14.45.

Citigroup downgraded the previous rating for Navient Corp NAVI from Buy to Neutral. For the second quarter, Navient had an EPS of $0.98, compared to year-ago quarter EPS of $0.91. The stock has a 52-week-high of $20.80 and a 52-week-low of $7.42. At the end of the last trading period, Navient closed at $19.87.

Deutsche Bank downgraded the previous rating for Santander Consumer USA Holdings Inc SC from Buy to Hold. In the second quarter, Santander Consumer USA showed an EPS of $3.45, compared to $0.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.57 and a 52-week-low of $16.03. Santander Consumer USA closed at $40.95 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

For Robinhood Markets Inc HOOD, Atlantic Equities initiated coverage, by setting the current rating at Overweight. The stock has a 52-week-high of Missing 52-Week High and a 52-week-low of Missing 52-Week Low . At the end of the last trading period, Robinhood Markets closed at Missing Close Price .

Cowen & Co. initiated coverage on POINT Biopharma Global Inc PNT with an Outperform rating. At the moment, the stock has a 52-week-high of $10.65 and a 52-week-low of $7.65. POINT Biopharma Global closed at $9.00 at the end of the last trading period.

BTIG initiated coverage on BELLUS Health Inc BLU with a Buy rating. The price target for BELLUS Health is set to $9.00. For the first quarter, BELLUS Health had an EPS of $0.20, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $4.96 and a 52-week-low of $2.01. At the end of the last trading period, BELLUS Health closed at $2.73.

Cowen & Co. initiated coverage on Celcuity Inc CELC with an Outperform rating. Celcuity earned $0.21 in the first quarter, compared to $0.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.01 and a 52-week-low of $5.00. Celcuity closed at $20.50 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on PMV Pharmaceuticals Inc PMVP. The price target seems to have been set at $63.00 for PMV Pharmaceuticals. Interestingly, in the first quarter, PMV Pharmaceuticals's EPS was $0.26. The current stock performance of PMV Pharmaceuticals shows a 52-week-high of $63.22 and a 52-week-low of $26.38. Moreover, at the end of the last trading period, the closing price was at $35.66.

HC Wainwright & Co. initiated coverage on Clearside Biomedical Inc CLSD with a Buy rating. The price target for Clearside Biomedical is set to $10.00. Clearside Biomedical earned $0.13 in the first quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.29 and a 52-week-low of $1.25. Clearside Biomedical closed at $5.12 at the end of the last trading period.

Goldman Sachs initiated coverage on Latch Inc LTCH with a Buy rating. The price target for Latch is set to $18.00. The current stock performance of Latch shows a 52-week-high of $13.17 and a 52-week-low of $10.14. Moreover, at the end of the last trading period, the closing price was at $12.29.

With a Neutral rating, UBS initiated coverage on US Foods Holding Corp USFD. The price target seems to have been set at $36.00 for US Foods Hldg. US Foods Hldg earned $0.12 in the first quarter, compared to $0.15 in the year-ago quarter. The current stock performance of US Foods Hldg shows a 52-week-high of $42.10 and a 52-week-low of $19.41. Moreover, at the end of the last trading period, the closing price was at $34.59.

With a Buy rating, UBS initiated coverage on Sysco Corp SYY. The price target seems to have been set at $89.00 for Sysco. Sysco earned $0.22 in the third quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Sysco shows a 52-week-high of $86.73 and a 52-week-low of $50.90. Moreover, at the end of the last trading period, the closing price was at $73.65.

With a Buy rating, UBS initiated coverage on Performance Food Group Co PFGC. The price target seems to have been set at $62.00 for Performance Food Group. Performance Food Group earned $0.19 in the third quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $59.89 and a 52-week-low of $26.51. At the end of the last trading period, Performance Food Group closed at $45.48.

With a Buy rating, DA Davidson initiated coverage on Intellicheck Inc IDN. The price target seems to have been set at $13.00 for Intellicheck. For the first quarter, Intellicheck had an EPS of $0.06, compared to year-ago quarter EPS of $0.00. At the moment, the stock has a 52-week-high of $15.45 and a 52-week-low of $5.69. Intellicheck closed at $8.50 at the end of the last trading period.

DA Davidson initiated coverage on ChargePoint Holdings Inc CHPT with a Buy rating. The price target for ChargePoint Holdings is set to $30.00. In the first quarter, ChargePoint Holdings earned $0.17. The stock has a 52-week-high of $36.86 and a 52-week-low of $19.04. At the end of the last trading period, ChargePoint Holdings closed at $24.37.

See all analyst ratings initiations.