Benzinga's Top Ratings Upgrades, Downgrades For February 4, 2022

Upgrades

CBRE upgraded the previous rating for Penn National Gaming Inc PENN from Hold to Buy. For the fourth quarter, Penn National Gaming had an EPS of $0.26, compared to year-ago quarter EPS of $0.08. The current stock performance of Penn National Gaming shows a 52-week-high of $142.00 and a 52-week-low of $37.76. Moreover, at the end of the last trading period, the closing price was at $45.33.
For Snap Inc SNAP, B of A Securities upgraded the previous rating of Neutral to Buy. In the fourth quarter, Snap showed an EPS of $0.22, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $83.34 and a 52-week-low of $24.32. At the end of the last trading period, Snap closed at $24.50.
According to Citigroup, the prior rating for The Estee Lauder Companies Inc EL was changed from Neutral to Buy. Estee Lauder Cos earned $3.01 in the second quarter, compared to $2.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $374.20 and a 52-week-low of $244.70. Estee Lauder Cos closed at $303.12 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for General Dynamics Corp GD from Underweight to Equal-Weight. In the fourth quarter, General Dynamics showed an EPS of $3.39, compared to $3.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $214.70 and a 52-week-low of $148.71. General Dynamics closed at $212.17 at the end of the last trading period.
Deutsche Bank upgraded the previous rating for BJ's Wholesale Club Holdings Inc BJ from Hold to Buy. In the third quarter, BJ's Wholesale Club showed an EPS of $0.91, compared to $0.92 from the year-ago quarter. The stock has a 52-week-high of $74.09 and a 52-week-low of $37.15. At the end of the last trading period, BJ's Wholesale Club closed at $60.91.
Piper Sandler upgraded the previous rating for Paylocity Holding Corp PCTY from Neutral to Overweight. In the second quarter, Paylocity Holding showed an EPS of $0.64, compared to $0.39 from the year-ago quarter. The current stock performance of Paylocity Holding shows a 52-week-high of $314.50 and a 52-week-low of $154.26. Moreover, at the end of the last trading period, the closing price was at $197.06.
Jefferies upgraded the previous rating for Wipro Ltd WIT from Underperform to Hold. For the third quarter, Wipro had an EPS of $0.07, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $9.96 and a 52-week-low of $6.09. Wipro closed at $7.55 at the end of the last trading period.

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Downgrades

Macquarie downgraded the previous rating for Janus Henderson Group PLC JHG from Outperform to Neutral. In the fourth quarter, Janus Henderson Gr showed an EPS of $1.05, compared to $1.04 from the year-ago quarter. The current stock performance of Janus Henderson Gr shows a 52-week-high of $48.55 and a 52-week-low of $27.96. Moreover, at the end of the last trading period, the closing price was at $37.45.
According to Argus Research, the prior rating for Meta Platforms Inc FB was changed from Buy to Hold. Meta Platforms earned $3.67 in the fourth quarter, compared to $3.88 in the year-ago quarter. At the moment, the stock has a 52-week-high of $384.33 and a 52-week-low of $235.75. Meta Platforms closed at $237.76 at the end of the last trading period.
For Suncor Energy Inc SU, Tudor Pickering downgraded the previous rating of Buy to Hold. Suncor Energy earned $0.71 in the fourth quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.51 and a 52-week-low of $16.40. Suncor Energy closed at $29.22 at the end of the last trading period.
Roth Capital downgraded the previous rating for Penn National Gaming Inc PENN from Buy to Neutral. For the fourth quarter, Penn National Gaming had an EPS of $0.26, compared to year-ago quarter EPS of $0.08. The current stock performance of Penn National Gaming shows a 52-week-high of $142.00 and a 52-week-low of $37.76. Moreover, at the end of the last trading period, the closing price was at $45.33.
For SkyWest Inc SKYW, Raymond James downgraded the previous rating of Strong Buy to Outperform. SkyWest earned $0.09 in the fourth quarter, compared to $0.93 in the year-ago quarter. The current stock performance of SkyWest shows a 52-week-high of $61.16 and a 52-week-low of $35.32. Moreover, at the end of the last trading period, the closing price was at $37.96.
RBC Capital downgraded the previous rating for Snap Inc SNAP from Outperform to Sector Perform. For the fourth quarter, Snap had an EPS of $0.22, compared to year-ago quarter EPS of $0.09. The current stock performance of Snap shows a 52-week-high of $83.34 and a 52-week-low of $24.32. Moreover, at the end of the last trading period, the closing price was at $24.50.
According to Keefe, Bruyette & Woods, the prior rating for Lazard Ltd LAZ was changed from Outperform to Market Perform. For the fourth quarter, Lazard had an EPS of $1.92, compared to year-ago quarter EPS of $1.66. The current stock performance of Lazard shows a 52-week-high of $53.00 and a 52-week-low of $38.68. Moreover, at the end of the last trading period, the closing price was at $42.77.
Deutsche Bank downgraded the previous rating for Cigna Corp CI from Buy to Hold. Cigna earned $4.77 in the fourth quarter, compared to $3.51 in the year-ago quarter. The stock has a 52-week-high of $272.81 and a 52-week-low of $191.74. At the end of the last trading period, Cigna closed at $217.56.
Deutsche Bank downgraded the previous rating for McKesson Corp MCK from Buy to Hold. In the third quarter, McKesson showed an EPS of $6.15, compared to $4.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $271.63 and a 52-week-low of $169.34. McKesson closed at $267.42 at the end of the last trading period.
BMO Capital downgraded the previous rating for Biogen Inc BIIB from Outperform to Market Perform. For the fourth quarter, Biogen had an EPS of $3.39, compared to year-ago quarter EPS of $4.58. The stock has a 52-week-high of $468.55 and a 52-week-low of $212.56. At the end of the last trading period, Biogen closed at $220.17.
For Meta Platforms Inc FB, DZ Bank downgraded the previous rating of Hold to Sell. Meta Platforms earned $3.67 in the fourth quarter, compared to $3.88 in the year-ago quarter. The stock has a 52-week-high of $384.33 and a 52-week-low of $235.75. At the end of the last trading period, Meta Platforms closed at $237.76.
Atlantic Equities downgraded the previous rating for Clorox Co CLX from Neutral to Underweight. Clorox earned $0.66 in the second quarter, compared to $2.03 in the year-ago quarter. The current stock performance of Clorox shows a 52-week-high of $205.02 and a 52-week-low of $156.23. Moreover, at the end of the last trading period, the closing price was at $165.34.
For Exelon Corp EXC, Goldman Sachs downgraded the previous rating of Buy to Neutral. Exelon earned $1.09 in the third quarter, compared to $1.04 in the year-ago quarter. The stock has a 52-week-high of $58.21 and a 52-week-low of $38.35. At the end of the last trading period, Exelon closed at $43.79.

See all analyst ratings downgrades.

Initiations

B of A Securities initiated coverage on Shell PLC SHEL with a Buy rating. The price target for Shell is set to $66.00. At the moment, the stock has a 52-week-high of $53.99 and a 52-week-low of $51.47. Shell closed at $53.91 at the end of the last trading period.
With a Neutral rating, B of A Securities initiated coverage on BuzzFeed Inc BZFD. The price target seems to have been set at $5.00 for BuzzFeed. The current stock performance of BuzzFeed shows a 52-week-high of $14.77 and a 52-week-low of $3.62. Moreover, at the end of the last trading period, the closing price was at $4.24.
With an Outperform rating, SMBC Nikko initiated coverage on Macrogenics Inc MGNX. The price target seems to have been set at $40.00 for Macrogenics. Macrogenics earned $0.86 in the third quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $36.48 and a 52-week-low of $10.93. At the end of the last trading period, Macrogenics closed at $11.00.
With a Buy rating, Deutsche Bank initiated coverage on Ermenegildo Zegna NV ZGN. The price target seems to have been set at $12.60 for Ermenegildo Zegna. At the moment, the stock has a 52-week-high of $12.65 and a 52-week-low of $9.22. Ermenegildo Zegna closed at $10.23 at the end of the last trading period.