Benzinga's Top Ratings Upgrades, Downgrades For August 26, 2021

Upgrades

Scotiabank upgraded the previous rating for Enerplus Corp ERF from Sector Perform to Sector Outperform. For the second quarter, Enerplus had an EPS of $0.21, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $7.54 and a 52-week-low of $1.70. Enerplus closed at $5.56 at the end of the last trading period.
Oppenheimer upgraded the previous rating for Restaurant Brands International Inc QSR from Perform to Outperform. Restaurant Brands Intl earned $0.77 in the second quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.12 and a 52-week-low of $51.12. Restaurant Brands Intl closed at $64.11 at the end of the last trading period.
According to Citigroup, the prior rating for Marathon Petroleum Corp MPC was changed from Neutral to Buy. Marathon Petroleum earned $0.67 in the second quarter, compared to $1.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.84 and a 52-week-low of $26.56. Marathon Petroleum closed at $58.63 at the end of the last trading period.
For Coupang Inc CPNG, Daiwa Capital upgraded the previous rating of Outperform to Buy. In the second quarter, Coupang earned $0.13. The stock has a 52-week-high of $69.00 and a 52-week-low of $30.18. At the end of the last trading period, Coupang closed at $30.86.
For VEON Ltd VEON, B of A Securities upgraded the previous rating of Underperform to Buy. In the first quarter, VEON showed an EPS of $0.07, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $2.20 and a 52-week-low of $1.20. At the end of the last trading period, VEON closed at $1.84.
RBC Capital upgraded the previous rating for CarGurus Inc CARG from Sector Perform to Outperform. For the second quarter, CarGurus had an EPS of $0.41, compared to year-ago quarter EPS of $0.19. The current stock performance of CarGurus shows a 52-week-high of $36.54 and a 52-week-low of $19.24. Moreover, at the end of the last trading period, the closing price was at $28.34.
According to Morgan Stanley, the prior rating for ON Semiconductor Corp ON was changed from Underweight to Equal-Weight. ON Semiconductor earned $0.63 in the second quarter, compared to $0.12 in the year-ago quarter. The current stock performance of ON Semiconductor shows a 52-week-high of $46.29 and a 52-week-low of $19.75. Moreover, at the end of the last trading period, the closing price was at $43.51.
For Zoom Video Communications Inc ZM, Morgan Stanley upgraded the previous rating of Equal-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 $273.20. At the end of the last trading period, Zoom Video Communications closed at $337.74.
For Welltower Inc WELL, BMO Capital upgraded the previous rating of Market Perform to Outperform. For the second quarter, Welltower had an EPS of $0.79, compared to year-ago quarter EPS of $0.86. The stock has a 52-week-high of $89.80 and a 52-week-low of $51.22. At the end of the last trading period, Welltower closed at $84.89.
For Ventas Inc VTR, BMO Capital upgraded the previous rating of Underperform to Market Perform. In the second quarter, Ventas showed an EPS of $0.73, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $61.09 and a 52-week-low of $37.83. At the end of the last trading period, Ventas closed at $55.13.
For Dick's Sporting Goods Inc DKS, Raymond James upgraded the previous rating of Underperform to Market Perform. Dick's Sporting Goods earned $5.08 in the second quarter, compared to $3.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $134.80 and a 52-week-low of $45.57. Dick's Sporting Goods closed at $129.60 at the end of the last trading period.
Keybanc upgraded the previous rating for Talos Energy Inc TALO from Sector Weight to Overweight. Talos Energy earned $0.01 in the second quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.93 and a 52-week-low of $5.39. Talos Energy closed at $11.03 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

B of A Securities downgraded the previous rating for Omega Healthcare Investors Inc OHI from Buy to Neutral. In the second quarter, Omega Healthcare showed an EPS of $0.74, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $39.31 and a 52-week-low of $28.08. At the end of the last trading period, Omega Healthcare closed at $33.50.
According to Citigroup, the prior rating for Yum Brands Inc YUM was changed from Outperform to Perform. For the second quarter, Yum Brands had an EPS of $1.16, compared to year-ago quarter EPS of $0.82. The current stock performance of Yum Brands shows a 52-week-high of $135.77 and a 52-week-low of $88.08. Moreover, at the end of the last trading period, the closing price was at $134.44.
Citigroup downgraded the previous rating for Delek US Holdings Inc DK from Neutral to Sell. For the second quarter, Delek US Hldgs had an EPS of $0.88, compared to year-ago quarter EPS of $1.66. The stock has a 52-week-high of $27.38 and a 52-week-low of $8.92. At the end of the last trading period, Delek US Hldgs closed at $16.25.
Citigroup downgraded the previous rating for CVR Energy Inc CVI from Buy to Neutral. In the second quarter, CVR Energy showed an EPS of $0.32, compared to $0.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.02 and a 52-week-low of $9.81. CVR Energy closed at $13.62 at the end of the last trading period.
According to Citigroup, the prior rating for Phillips 66 PSX was changed from Buy to Neutral. In the second quarter, Phillips 66 showed an EPS of $0.74, compared to $0.74 from the year-ago quarter. The current stock performance of Phillips 66 shows a 52-week-high of $94.34 and a 52-week-low of $43.27. Moreover, at the end of the last trading period, the closing price was at $72.18.
Morgan Stanley downgraded the previous rating for Nordstrom Inc JWN from Equal-Weight to Underweight. In the second quarter, Nordstrom showed an EPS of $0.49, compared to $1.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $46.45 and a 52-week-low of $11.72. Nordstrom closed at $31.14 at the end of the last trading period.
According to JP Morgan, the prior rating for Pentair PLC PNR was changed from Overweight to Underweight. In the second quarter, Pentair showed an EPS of $0.84, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $80.40 and a 52-week-low of $43.20. Pentair closed at $79.05 at the end of the last trading period.
According to RBC Capital, the prior rating for SelectQuote Inc SLQT was changed from Outperform to Sector Perform. In the fourth quarter, SelectQuote showed an EPS of $0.02, compared to $0.13 from the year-ago quarter. The current stock performance of SelectQuote shows a 52-week-high of $33.00 and a 52-week-low of $13.00. Moreover, at the end of the last trading period, the closing price was at $14.35.
For Doximity Inc DOCS, JP Morgan downgraded the previous rating of Overweight to Neutral. Doximity earned $0.11 in the first quarter. The stock has a 52-week-high of $95.97 and a 52-week-low of $41.17. At the end of the last trading period, Doximity closed at $92.05.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Citigroup initiated coverage on Full Truck Alliance Co Ltd YMM. The price target seems to have been set at $19.50 for Full Truck Alliance Co. Interestingly, in the second quarter, Full Truck Alliance Co's EPS was $0.08. The stock has a 52-week-high of $22.80 and a 52-week-low of $7.95. At the end of the last trading period, Full Truck Alliance Co closed at $13.82.
Ladenburg Thalmann initiated coverage on Tryp Therapeutics Inc TRYPF with a Buy rating. At the moment, the stock has a 52-week-high of $0.77 and a 52-week-low of $0.32. Tryp Therapeutics closed at $0.37 at the end of the last trading period.
With an Overweight rating, Cantor Fitzgerald initiated coverage on Cybin Inc CYBN. The price target seems to have been set at $9.00 for Cybin. Interestingly, in the second quarter, Cybin's EPS was $0.07. At the end of the last trading period, Cybin closed at $2.28.
Jefferies initiated coverage on PureCycle Technologies Inc PCT with a Buy rating. The price target for PureCycle Technologies is set to $25.00. Interestingly, in the second quarter, PureCycle Technologies's EPS was $0.13. The current stock performance of PureCycle Technologies shows a 52-week-high of $35.75 and a 52-week-low of $10.06. Moreover, at the end of the last trading period, the closing price was at $12.97.
With an Overweight rating, Morgan Stanley initiated coverage on IGM Biosciences Inc IGMS. The price target seems to have been set at $100.00 for IGM Biosciences. In the second quarter, IGM Biosciences showed an EPS of $1.16, compared to $0.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $133.00 and a 52-week-low of $41.41. IGM Biosciences closed at $71.28 at the end of the last trading period.
Morgan Stanley initiated coverage on Fate Therapeutics Inc FATE with a Equal-Weight rating. The price target for Fate Therapeutics is set to $77.00. Fate Therapeutics earned $0.58 in the second quarter, compared to $0.35 in the year-ago quarter. The current stock performance of Fate Therapeutics shows a 52-week-high of $121.16 and a 52-week-low of $29.37. Moreover, at the end of the last trading period, the closing price was at $72.94.
With a Equal-Weight rating, Morgan Stanley initiated coverage on Mirati Therapeutics Inc MRTX. The price target seems to have been set at $160.00 for Mirati Therapeutics. Mirati Therapeutics earned $3.23 in the second quarter, compared to $1.89 in the year-ago quarter. The stock has a 52-week-high of $249.42 and a 52-week-low of $130.60. At the end of the last trading period, Mirati Therapeutics closed at $155.88.
With a Equal-Weight rating, Morgan Stanley initiated coverage on Allakos Inc ALLK. The price target seems to have been set at $88.00 for Allakos. Allakos earned $1.07 in the second quarter, compared to $0.80 in the year-ago quarter. The current stock performance of Allakos shows a 52-week-high of $157.98 and a 52-week-low of $75.41. Moreover, at the end of the last trading period, the closing price was at $84.52.
With a Buy rating, Jefferies initiated coverage on AFC Gamma Inc AFCG. The price target seems to have been set at $24.00 for AFC Gamma. For the second quarter, AFC Gamma had an EPS of $0.43, compared to year-ago quarter EPS of $0.87. At the moment, the stock has a 52-week-high of $25.05 and a 52-week-low of $19.75. AFC Gamma closed at $21.11 at the end of the last trading period.
With a Buy rating, UBS initiated coverage on Clearway Energy Inc CWEN. The price target seems to have been set at $36.00 for Clearway Energy. In the second quarter, Clearway Energy showed an EPS of $0.30, compared to $0.09 from the year-ago quarter. The current stock performance of Clearway Energy shows a 52-week-high of $37.23 and a 52-week-low of $22.69. Moreover, at the end of the last trading period, the closing price was at $31.65.
With a Buy rating, UBS initiated coverage on NextEra Energy Partners LP NEP. The price target seems to have been set at $100.00 for NextEra Energy Partners. In the second quarter, NextEra Energy Partners showed an EPS of $0.96, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $88.30 and a 52-week-low of $54.33. At the end of the last trading period, NextEra Energy Partners closed at $79.57.
Oppenheimer initiated coverage on AppHarvest Inc APPH with an Outperform rating. The price target for AppHarvest is set to $10.00. In the second quarter, AppHarvest earned $0.32. The stock has a 52-week-high of $42.90 and a 52-week-low of $6.66. At the end of the last trading period, AppHarvest closed at $7.72.
B. Riley Securities initiated coverage on Fusion Pharmaceuticals Inc FUSN with a Buy rating. The price target for Fusion Pharmaceuticals is set to $17.00. For the second quarter, Fusion Pharmaceuticals had an EPS of $0.63, compared to year-ago quarter EPS of $2.99. At the moment, the stock has a 52-week-high of $13.89 and a 52-week-low of $6.61. Fusion Pharmaceuticals closed at $8.40 at the end of the last trading period.
Credit Suisse initiated coverage on Blade Air Mobility Inc BLDE with an Outperform rating. The price target for Blade Air Mobility is set to $14.00. In the third quarter, Blade Air Mobility earned $0.15. At the moment, the stock has a 52-week-high of $11.87 and a 52-week-low of $6.41. Blade Air Mobility closed at $7.95 at the end of the last trading period.
With an Overweight rating, JP Morgan initiated coverage on N-able Inc NABL. The price target seems to have been set at $17.00 for N-able. At the end of the last trading period, N-able closed at $13.83.
Jefferies initiated coverage on Roblox Corp RBLX with a Hold rating. The price target for Roblox is set to $92.00. In the second quarter, Roblox showed an EPS of $0.25, compared to $0.40 from the year-ago quarter. The current stock performance of Roblox shows a 52-week-high of $103.87 and a 52-week-low of $60.50. Moreover, at the end of the last trading period, the closing price was at $90.34.