Benzinga's Top Ratings Upgrades, Downgrades For August 18, 2021

Upgrades

According to Oppenheimer, the prior rating for The Wendy's Co WEN was changed from Perform to Outperform. Wendy's earned $0.27 in the second quarter, compared to $0.12 in the year-ago quarter. The current stock performance of Wendy's shows a 52-week-high of $29.46 and a 52-week-low of $18.86. Moreover, at the end of the last trading period, the closing price was at $23.65.

Seaport Global upgraded the previous rating for Andersons Inc ANDE from Neutral to Buy. Andersons earned $1.31 in the second quarter, compared to $0.88 in the year-ago quarter. The stock has a 52-week-high of $34.41 and a 52-week-low of $16.36. At the end of the last trading period, Andersons closed at $29.46.

According to Cowen & Co., the prior rating for Centennial Resource Development Inc CDEV was changed from Underperform to Market Perform. In the second quarter, Centennial Resource Dev showed an EPS of $0.09, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $7.51 and a 52-week-low of $0.51. Centennial Resource Dev closed at $4.43 at the end of the last trading period.

Wells Fargo upgraded the previous rating for ViacomCBS Inc VIAC from Equal-Weight to Overweight. For the second quarter, ViacomCBS had an EPS of $0.97, compared to year-ago quarter EPS of $1.25. The current stock performance of ViacomCBS shows a 52-week-high of $101.97 and a 52-week-low of $26.29. Moreover, at the end of the last trading period, the closing price was at $39.03.

For BlackBerry Ltd BB, Canaccord Genuity upgraded the previous rating of Sell to Hold. BlackBerry earned $0.05 in the first quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.77 and a 52-week-low of $4.37. BlackBerry closed at $9.67 at the end of the last trading period.

According to B. Riley Securities, the prior rating for Shenandoah Telecommunications Co SHEN was changed from Neutral to Buy. Shenandoah earned $0.04 in the second quarter, compared to $0.58 in the year-ago quarter. At the moment, the stock has a 52-week-high of $61.53 and a 52-week-low of $28.76. Shenandoah closed at $29.24 at the end of the last trading period.

Credit Suisse upgraded the previous rating for Veoneer Inc VNE from Underperform to Neutral. For the second quarter, Veoneer had an EPS of $0.89, compared to year-ago quarter EPS of $0.80. The current stock performance of Veoneer shows a 52-week-high of $40.46 and a 52-week-low of $9.83. Moreover, at the end of the last trading period, the closing price was at $36.64.

Piper Sandler upgraded the previous rating for ACV Auctions Inc ACVA from Neutral to Overweight. In the second quarter, ACV Auctions earned $0.06. The current stock performance of ACV Auctions shows a 52-week-high of $37.77 and a 52-week-low of $19.96. Moreover, at the end of the last trading period, the closing price was at $20.56.

According to Cantor Fitzgerald, the prior rating for MedMen Enterprises Inc MMNFF was changed from Underweight to Neutral. In the third quarter, MedMen Enterprises showed an EPS of $0.04, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $0.38 and a 52-week-low of $0.10. MedMen Enterprises closed at $0.27 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to UBS, the prior rating for BP Midstream Partners LP BPMP was changed from Buy to Neutral. For the second quarter, BP Midstream Partners had an EPS of $0.37, compared to year-ago quarter EPS of $0.38. The current stock performance of BP Midstream Partners shows a 52-week-high of $15.77 and a 52-week-low of $9.30. Moreover, at the end of the last trading period, the closing price was at $12.93.

For Doman Building Materials Group Ltd CWXZF, Canaccord Genuity downgraded the previous rating of Buy to Hold. The current stock performance of Doman Building Materials shows a 52-week-high of $8.11 and a 52-week-low of $0.00. Moreover, at the end of the last trading period, the closing price was at $5.95.

Canaccord Genuity downgraded the previous rating for Medexus Pharmaceuticals Inc MEDXF from Speculative Buy to Hold. The stock has a 52-week-high of $6.79 and a 52-week-low of $2.01. At the end of the last trading period, Medexus Pharmaceuticals closed at $2.27.

According to UBS, the prior rating for Five9 Inc FIVN was changed from Buy to Neutral. In the second quarter, Five9 showed an EPS of $0.23, compared to $0.21 from the year-ago quarter. The current stock performance of Five9 shows a 52-week-high of $211.68 and a 52-week-low of $107.98. Moreover, at the end of the last trading period, the closing price was at $182.40.

For Amcor PLC AMCR, Goldman Sachs downgraded the previous rating of Neutral to Sell. For the fourth quarter, Amcor had an EPS of $0.23, compared to year-ago quarter EPS of $0.20. The stock has a 52-week-high of $12.76 and a 52-week-low of $10.26. At the end of the last trading period, Amcor closed at $12.10.

For STORE Capital Corp STOR, Raymond James downgraded the previous rating of Outperform to Market Perform. In the second quarter, STORE Capital showed an EPS of $0.50, compared to $0.44 from the year-ago quarter. The current stock performance of STORE Capital shows a 52-week-high of $37.13 and a 52-week-low of $24.70. Moreover, at the end of the last trading period, the closing price was at $35.69.

For Four Corners Property Trust Inc FCPT, Raymond James downgraded the previous rating of Strong Buy to Outperform. For the second quarter, Four Corners Property had an EPS of $0.37, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $30.42 and a 52-week-low of $23.91. At the end of the last trading period, Four Corners Property closed at $27.21.

According to JP Morgan, the prior rating for Orchard Therapeutics PLC ORTX was changed from Overweight to Neutral. In the second quarter, Orchard Therapeutics showed an EPS of $0.29, compared to $0.48 from the year-ago quarter. The current stock performance of Orchard Therapeutics shows a 52-week-high of $9.08 and a 52-week-low of $2.59. Moreover, at the end of the last trading period, the closing price was at $2.64.

According to Piper Sandler, the prior rating for Vroom Inc VRM was changed from Overweight to Neutral. Vroom earned $0.48 in the second quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.49 and a 52-week-low of $26.96. Vroom closed at $27.29 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Loop Capital initiated coverage on GXO Logistics Inc GXO. The price target seems to have been set at $90.00 for GXO Logistics. 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, GXO Logistics closed at $74.43.

JP Morgan initiated coverage on Chindata Group Holdings Ltd CD with an Overweight rating. The price target for Chindata Group Holdings is set to $18.00. Chindata Group Holdings earned $0.04 in the first quarter. At the moment, the stock has a 52-week-high of $27.47 and a 52-week-low of $10.22. Chindata Group Holdings closed at $10.25 at the end of the last trading period.

With an Outperform rating, Cowen & Co. initiated coverage on Outset Medical Inc OM. The price target seems to have been set at $70.00 for Outset Medical. For the second quarter, Outset Medical had an EPS of $0.66, compared to year-ago quarter EPS of $4.46. At the moment, the stock has a 52-week-high of $66.96 and a 52-week-low of $36.03. Outset Medical closed at $38.57 at the end of the last trading period.

With a Buy rating, Truist Securities initiated coverage on Marqeta Inc MQ. The price target seems to have been set at $37.00 for Marqeta. Marqeta earned $0.29 in the second quarter. At the moment, the stock has a 52-week-high of $32.75 and a 52-week-low of $23.83. Marqeta closed at $25.16 at the end of the last trading period.

Citigroup initiated coverage on Core & Main Inc CNM with a Buy rating. The price target for Core & Main is set to $31.00. At the moment, the stock has a 52-week-high of Missing 52-Week High and a 52-week-low of Missing 52-Week Low . Core & Main closed at $26.15 at the end of the last trading period.

BTIG initiated coverage on REE Automotive Ltd REE with a Buy rating. The price target for REE Automotive is set to $20.00. In the second quarter, REE Automotive showed an EPS of $0.16, compared to $0.22 from the year-ago quarter. 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, REE Automotive closed at $9.54.

Raymond James initiated coverage on Marketwise Inc MKTW with an Outperform rating. The price target for Marketwise is set to $15.00. In the second quarter, Marketwise earned $0.02. 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, Marketwise closed at $9.36.

With an Overweight rating, Barclays initiated coverage on Outbrain Inc OB. The price target seems to have been set at $25.00 for Outbrain. For the second quarter, Outbrain had an EPS of $0.28, compared to year-ago quarter EPS of $0.16. 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, Outbrain closed at $16.74.

For Enel SpA ENLAY, Jefferies initiated coverage, by setting the current rating at Underperform. The stock has a 52-week-high of $10.26 and a 52-week-low of $7.85. At the end of the last trading period, Enel closed at $9.08.

Keybanc initiated coverage on Latch Inc LTCH with a Sector Weight rating. Latch earned $0.24 in the second quarter. At the moment, the stock has a 52-week-high of $14.35 and a 52-week-low of $9.55. Latch closed at $9.88 at the end of the last trading period.

See all analyst ratings initiations.