Benzinga's Top Ratings Upgrades, Downgrades For November 4, 2021

Upgrades

According to B. Riley Securities, the prior rating for Monroe Capital Corp MRCC was changed from Neutral to Buy. For the third quarter, Monroe Capital had an EPS of $0.30, compared to year-ago quarter EPS of $0.27. The current stock performance of Monroe Capital shows a 52-week-high of $11.71 and a 52-week-low of $6.43. Moreover, at the end of the last trading period, the closing price was at $10.27.

For BlueLinx Holdings Inc BXC, Loop Capital upgraded the previous rating of Hold to Buy. For the third quarter, BlueLinx Hldgs had an EPS of $4.74, compared to year-ago quarter EPS of $4.88. The current stock performance of BlueLinx Hldgs shows a 52-week-high of $70.38 and a 52-week-low of $20.99. Moreover, at the end of the last trading period, the closing price was at $61.47.

Piper Sandler upgraded the previous rating for Cadence Bank CADE from Neutral to Overweight. For the third quarter, Cadence Bank had an EPS of $0.67, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $30.63 and a 52-week-low of $11.01. At the end of the last trading period, Cadence Bank closed at $30.33.

According to Goldman Sachs, the prior rating for Qualcomm Inc QCOM was changed from Neutral to Buy. In the fourth quarter, Qualcomm showed an EPS of $2.55, compared to $1.45 from the year-ago quarter. The current stock performance of Qualcomm shows a 52-week-high of $167.94 and a 52-week-low of $122.17. Moreover, at the end of the last trading period, the closing price was at $138.48.

Stephens & Co. upgraded the previous rating for NOW Inc DNOW from Equal-Weight to Overweight. In the third quarter, NOW showed an EPS of $0.05, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.98 and a 52-week-low of $4.36. NOW closed at $8.35 at the end of the last trading period.

According to Stephens & Co., the prior rating for Andersons Inc ANDE was changed from Equal-Weight to Overweight. In the third quarter, Andersons showed an EPS of $0.15, compared to $0.07 from the year-ago quarter. The current stock performance of Andersons shows a 52-week-high of $36.00 and a 52-week-low of $18.02. Moreover, at the end of the last trading period, the closing price was at $35.14.

For National CineMedia Inc NCMI, Wedbush upgraded the previous rating of Neutral to Outperform. National CineMedia earned $0.28 in the second quarter, compared to $0.17 in the year-ago quarter. The current stock performance of National CineMedia shows a 52-week-high of $6.11 and a 52-week-low of $1.92. Moreover, at the end of the last trading period, the closing price was at $3.53.

For Shore Bancshares Inc SHBI, Piper Sandler upgraded the previous rating of Neutral to Overweight. In the third quarter, Shore Bancshares showed an EPS of $0.39, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $19.32 and a 52-week-low of $10.57. At the end of the last trading period, Shore Bancshares closed at $18.80.

For Lyft Inc LYFT, Daiwa Capital upgraded the previous rating of Outperform to Buy. For the third quarter, Lyft had an EPS of $0.05, compared to year-ago quarter EPS of $0.89. The stock has a 52-week-high of $68.28 and a 52-week-low of $24.86. At the end of the last trading period, Lyft closed at $49.03.

For Maxar Technologies Inc MAXR, Baird upgraded the previous rating of Neutral to Outperform. In the third quarter, Maxar Technologies showed an EPS of $0.19, compared to $1.32 from the year-ago quarter. The current stock performance of Maxar Technologies shows a 52-week-high of $58.75 and a 52-week-low of $21.05. Moreover, at the end of the last trading period, the closing price was at $27.05.

For Macerich Co MAC, Piper Sandler upgraded the previous rating of Underweight to Neutral. In the third quarter, Macerich showed an EPS of $0.45, compared to $0.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.99 and a 52-week-low of $6.89. Macerich closed at $21.71 at the end of the last trading period.

For Sealed Air Corp SEE, BMO Capital upgraded the previous rating of Market Perform to Outperform. In the third quarter, Sealed Air showed an EPS of $0.86, compared to $0.82 from the year-ago quarter. At the moment, the stock has a 52-week-high of $62.11 and a 52-week-low of $40.01. Sealed Air closed at $61.96 at the end of the last trading period.

For Reliance Steel & Aluminum Co RS, Goldman Sachs upgraded the previous rating of Neutral to Buy. For the third quarter, Reliance Steel & Aluminum had an EPS of $6.15, compared to year-ago quarter EPS of $1.87. The stock has a 52-week-high of $181.21 and a 52-week-low of $107.36. At the end of the last trading period, Reliance Steel & Aluminum closed at $155.42.

For Capri Holdings Ltd CPRI, JP Morgan upgraded the previous rating of Neutral to Overweight. In the second quarter, Capri Holdings showed an EPS of $1.53, compared to $0.90 from the year-ago quarter. The stock has a 52-week-high of $64.80 and a 52-week-low of $21.83. At the end of the last trading period, Capri Holdings closed at $64.25.

See all analyst ratings upgrades.

Downgrades

According to Alliance Global Partners, the prior rating for Rimini Street Inc RMNI was changed from Buy to Neutral. For the third quarter, Rimini Street had an EPS of $0.08, compared to year-ago quarter EPS of $0.05. The current stock performance of Rimini Street shows a 52-week-high of $11.52 and a 52-week-low of $3.10. Moreover, at the end of the last trading period, the closing price was at $11.30.

According to Argus Research, the prior rating for Starbucks Corp SBUX was changed from Buy to Hold. Starbucks earned $1.00 in the fourth quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $126.32 and a 52-week-low of $86.18. At the end of the last trading period, Starbucks closed at $112.61.

According to Stifel, the prior rating for Rogers Corp ROG was changed from Buy to Hold. For the third quarter, Rogers had an EPS of $1.64, compared to year-ago quarter EPS of $1.45. The stock has a 52-week-high of $273.00 and a 52-week-low of $115.00. At the end of the last trading period, Rogers closed at $269.80.

According to JP Morgan, the prior rating for G1 Therapeutics Inc GTHX was changed from Neutral to Underweight. G1 Therapeutics earned $1.00 in the third quarter, compared to $0.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.07 and a 52-week-low of $11.32. G1 Therapeutics closed at $16.16 at the end of the last trading period.

Craig-Hallum downgraded the previous rating for Upland Software Inc UPLD from Buy to Hold. For the third quarter, Upland Software had an EPS of $0.57, compared to year-ago quarter EPS of $0.55. The stock has a 52-week-high of $53.00 and a 52-week-low of $30.64. At the end of the last trading period, Upland Software closed at $33.80.

For Allstate Corp ALL, Raymond James downgraded the previous rating of Strong Buy to Outperform. Allstate earned $0.73 in the third quarter, compared to $2.94 in the year-ago quarter. At the moment, the stock has a 52-week-high of $140.00 and a 52-week-low of $90.07. Allstate closed at $126.12 at the end of the last trading period.

For BioDelivery Sciences International Inc BDSI, HC Wainwright & Co. downgraded the previous rating of Buy to Neutral. BioDelivery Sciences Intl earned $0.07 in the third quarter, compared to $0.09 in the year-ago quarter. The current stock performance of BioDelivery Sciences Intl shows a 52-week-high of $4.99 and a 52-week-low of $3.06. Moreover, at the end of the last trading period, the closing price was at $3.96.

For e.l.f. Beauty Inc ELF, Piper Sandler downgraded the previous rating of Overweight to Neutral. For the second quarter, e.l.f. Beauty had an EPS of $0.21, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $33.38 and a 52-week-low of $18.55. e.l.f. Beauty closed at $33.18 at the end of the last trading period.

B of A Securities downgraded the previous rating for IPG Photonics Corp IPGP from Neutral to Underperform. For the third quarter, IPG Photonics had an EPS of $1.40, compared to year-ago quarter EPS of $1.29. At the moment, the stock has a 52-week-high of $262.55 and a 52-week-low of $151.27. IPG Photonics closed at $175.66 at the end of the last trading period.

For PROG Holdings Inc PRG, Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. In the third quarter, PROG Holdings showed an EPS of $0.94, compared to $1.80 from the year-ago quarter. The stock has a 52-week-high of $60.50 and a 52-week-low of $39.94. At the end of the last trading period, PROG Holdings closed at $47.59.

According to B of A Securities, the prior rating for Qorvo Inc QRVO was changed from Buy to Neutral. In the second quarter, Qorvo showed an EPS of $3.42, compared to $2.43 from the year-ago quarter. The stock has a 52-week-high of $201.68 and a 52-week-low of $127.99. At the end of the last trading period, Qorvo closed at $178.12.

For SPX Corp SPXC, William Blair downgraded the previous rating of Outperform to Market Perform. In the third quarter, SPX showed an EPS of $0.41, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.66 and a 52-week-low of $41.78. SPX closed at $62.09 at the end of the last trading period.

Atlantic Equities downgraded the previous rating for Aon PLC AON from Overweight to Neutral. For the third quarter, Aon had an EPS of $1.74, compared to year-ago quarter EPS of $1.53. At the moment, the stock has a 52-week-high of $326.25 and a 52-week-low of $179.52. Aon closed at $294.89 at the end of the last trading period.

Wedbush downgraded the previous rating for AMC Entertainment Holdings Inc AMC from Neutral to Underperform. In the second quarter, AMC Entertainment showed an EPS of $0.71, compared to $5.44 from the year-ago quarter. The current stock performance of AMC Entertainment shows a 52-week-high of $72.62 and a 52-week-low of $1.91. Moreover, at the end of the last trading period, the closing price was at $40.79.

According to Cowen & Co., the prior rating for Equinix Inc EQIX was changed from Outperform to Market Perform. For the third quarter, Equinix had an EPS of $4.51, compared to year-ago quarter EPS of $6.48. The stock has a 52-week-high of $885.26 and a 52-week-low of $586.73. At the end of the last trading period, Equinix closed at $837.88.

Cowen & Co. downgraded the previous rating for Rimini Street Inc RMNI from Outperform to Market Perform. In the third quarter, Rimini Street showed an EPS of $0.08, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $11.52 and a 52-week-low of $3.10. At the end of the last trading period, Rimini Street closed at $11.30.

Canaccord Genuity downgraded the previous rating for Rogers Corp ROG from Buy to Hold. For the third quarter, Rogers had an EPS of $1.64, compared to year-ago quarter EPS of $1.45. At the moment, the stock has a 52-week-high of $273.00 and a 52-week-low of $115.00. Rogers closed at $269.80 at the end of the last trading period.

According to Jefferies, the prior rating for Asana Inc ASAN was changed from Buy to Hold. In the second quarter, Asana showed an EPS of $0.23, compared to $0.34 from the year-ago quarter. The current stock performance of Asana shows a 52-week-high of $139.98 and a 52-week-low of $20.57. Moreover, at the end of the last trading period, the closing price was at $132.44.

For Turquoise Hill Resources Ltd TRQ, BMO Capital downgraded the previous rating of Market Perform to Underperform. For the third quarter, Turquoise Hill Resources had an EPS of $0.17, compared to year-ago quarter EPS of $0.64. At the moment, the stock has a 52-week-high of $21.89 and a 52-week-low of $7.72. Turquoise Hill Resources closed at $10.21 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for American Water Works Co Inc AWK from Buy to Neutral. In the third quarter, American Water Works Co showed an EPS of $1.53, compared to $1.46 from the year-ago quarter. The stock has a 52-week-high of $189.35 and a 52-week-low of $131.01. At the end of the last trading period, American Water Works Co closed at $168.01.

According to Jefferies, the prior rating for Upland Software Inc UPLD was changed from Buy to Hold. Upland Software earned $0.57 in the third quarter, compared to $0.55 in the year-ago quarter. The current stock performance of Upland Software shows a 52-week-high of $53.00 and a 52-week-low of $30.64. Moreover, at the end of the last trading period, the closing price was at $33.80.

For Ameresco Inc AMRC, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, Ameresco showed an EPS of $0.41, compared to $0.38 from the year-ago quarter. The stock has a 52-week-high of $96.93 and a 52-week-low of $37.70. At the end of the last trading period, Ameresco closed at $96.58.

See all analyst ratings downgrades.

Initiations

With an Outperform rating, Wedbush initiated coverage on AXT Inc AXTI. The price target seems to have been set at $11.00 for AXT. In the third quarter, AXT showed an EPS of $0.09, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $15.84 and a 52-week-low of $5.59. At the end of the last trading period, AXT closed at $8.75.

With a Buy rating, B of A Securities initiated coverage on Nuvei Corp NVEI. The price target seems to have been set at $145.00 for Nuvei. 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 . Nuvei closed at $117.01 at the end of the last trading period.

Raymond James initiated coverage on Harmony Biosciences Holdings Inc HRMY with an Outperform rating. The price target for Harmony Biosciences is set to $58.00. Interestingly, in the second quarter, Harmony Biosciences's EPS was $0.54. At the moment, the stock has a 52-week-high of $52.74 and a 52-week-low of $25.09. Harmony Biosciences closed at $42.93 at the end of the last trading period.

See all analyst ratings initiations.