Benzinga's Top Ratings Upgrades, Downgrades For March 27, 2023

Upgrades

According to Argus Research, the prior rating for JM Smucker Co SJM was changed from Hold to Buy. In the third quarter, JM Smucker showed an EPS of $2.21, compared to $2.33 from the year-ago quarter. The stock has a 52-week-high of $163.07 and a 52-week-low of $119.95. At the end of the last trading period, JM Smucker closed at $154.69.

For Victory Capital Holdings Inc VCTR, Piper Sandler upgraded the previous rating of Underweight to Overweight. In the fourth quarter, Victory Capital Holdings showed an EPS of $1.05, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.01 and a 52-week-low of $22.22. Victory Capital Holdings closed at $29.21 at the end of the last trading period.

UBS upgraded the previous rating for Pinterest Inc PINS from Neutral to Buy. In the fourth quarter, Pinterest showed an EPS of $0.29, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of $29.17 and a 52-week-low of $16.14. At the end of the last trading period, Pinterest closed at $27.47.

According to Susquehanna, the prior rating for Roku Inc ROKU was changed from Neutral to Positive. In the fourth quarter, Roku showed an EPS of $1.70, compared to $0.17 from the year-ago quarter. The current stock performance of Roku shows a 52-week-high of $139.54 and a 52-week-low of $38.27. Moreover, at the end of the last trading period, the closing price was at $60.00.

According to SVB Leerink, the prior rating for Regeneron Pharmaceuticals Inc REGN was changed from Market Perform to Outperform. Regeneron Pharmaceuticals earned $12.56 in the fourth quarter, compared to $23.42 in the year-ago quarter. The current stock performance of Regeneron Pharmaceuticals shows a 52-week-high of $824.00 and a 52-week-low of $538.27. Moreover, at the end of the last trading period, the closing price was at $820.00.

According to BMO Capital, the prior rating for Equinix Inc EQIX was changed from Market Perform to Outperform. In the fourth quarter, Equinix showed an EPS of $7.09, compared to $6.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $775.00 and a 52-week-low of $495.11. Equinix closed at $681.70 at the end of the last trading period.

According to Piper Sandler, the prior rating for Virtus Investment Partners Inc VRTS was changed from Neutral to Overweight. For the fourth quarter, Virtus Inv had an EPS of $5.17, compared to year-ago quarter EPS of $10.36. The current stock performance of Virtus Inv shows a 52-week-high of $248.82 and a 52-week-low of $141.80. Moreover, at the end of the last trading period, the closing price was at $168.25.

Citigroup upgraded the previous rating for M&T Bank Corp MTB from Neutral to Buy. For the fourth quarter, M&T Bank had an EPS of $4.57, compared to year-ago quarter EPS of $3.50. The current stock performance of M&T Bank shows a 52-week-high of $193.35 and a 52-week-low of $110.00. Moreover, at the end of the last trading period, the closing price was at $114.93.

For KeyCorp KEY, Citigroup upgraded the previous rating of Neutral to Buy. KeyCorp earned $0.38 in the fourth quarter, compared to $0.64 in the year-ago quarter. The current stock performance of KeyCorp shows a 52-week-high of $24.05 and a 52-week-low of $9.61. Moreover, at the end of the last trading period, the closing price was at $11.86.

For Marqeta Inc MQ, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the fourth quarter, Marqeta had an EPS of $0.05, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $12.41 and a 52-week-low of $3.46. At the end of the last trading period, Marqeta closed at $3.57.

According to Deutsche Bank, the prior rating for Corning Inc GLW was changed from Hold to Buy. In the fourth quarter, Corning showed an EPS of $0.47, compared to $0.54 from the year-ago quarter. The stock has a 52-week-high of $38.70 and a 52-week-low of $28.98. At the end of the last trading period, Corning closed at $32.85.

According to Keybanc, the prior rating for Conmed Corp CNMD was changed from Sector Weight to Overweight. For the fourth quarter, Conmed had an EPS of $0.42, compared to year-ago quarter EPS of $1.07. The stock has a 52-week-high of $156.24 and a 52-week-low of $71.25. At the end of the last trading period, Conmed closed at $97.00.

See all analyst ratings upgrades.

Downgrades

For Berkshire Grey Inc BGRY, Craig-Hallum downgraded the previous rating of Buy to Hold. For the third quarter, Berkshire Grey had an EPS of $0.11, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $3.95 and a 52-week-low of $0.51. Berkshire Grey closed at $1.14 at the end of the last trading period.

For DISH Network Corp DISH, UBS downgraded the previous rating of Buy to Neutral. In the fourth quarter, DISH Network showed an EPS of $1.47, compared to $0.87 from the year-ago quarter. The current stock performance of DISH Network shows a 52-week-high of $33.72 and a 52-week-low of $8.43. Moreover, at the end of the last trading period, the closing price was at $8.75.

According to Jefferies, the prior rating for Leidos Holdings Inc LDOS was changed from Buy to Hold. Leidos Holdings earned $1.83 in the fourth quarter, compared to $1.56 in the year-ago quarter. The current stock performance of Leidos Holdings shows a 52-week-high of $111.12 and a 52-week-low of $87.31. Moreover, at the end of the last trading period, the closing price was at $91.38.

For Digital Realty Trust Inc DLR, BMO Capital downgraded the previous rating of Outperform to Market Perform. Digital Realty Trust earned $1.65 in the fourth quarter, compared to $1.67 in the year-ago quarter. The current stock performance of Digital Realty Trust shows a 52-week-high of $153.49 and a 52-week-low of $85.76. Moreover, at the end of the last trading period, the closing price was at $94.37.

For Ollie's Bargain Outlet Holdings Inc OLLI, Citigroup downgraded the previous rating of Neutral to Sell. In the fourth quarter, Ollie's Bargain Outlet showed an EPS of $0.84, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $72.25 and a 52-week-low of $39.76. At the end of the last trading period, Ollie's Bargain Outlet closed at $58.10.

For Wingstop Inc WING, Jefferies downgraded the previous rating of Hold to Underperform. For the fourth quarter, Wingstop had an EPS of $0.60, compared to year-ago quarter EPS of $0.24. The current stock performance of Wingstop shows a 52-week-high of $193.74 and a 52-week-low of $67.75. Moreover, at the end of the last trading period, the closing price was at $184.29.

According to Baird, the prior rating for United Rentals Inc URI was changed from Neutral to Underperform. For the fourth quarter, United Rentals had an EPS of $9.74, compared to year-ago quarter EPS of $7.39. The stock has a 52-week-high of $481.99 and a 52-week-low of $230.54. At the end of the last trading period, United Rentals closed at $370.78.

Baird downgraded the previous rating for Caterpillar Inc CAT from Neutral to Underperform. In the fourth quarter, Caterpillar showed an EPS of $3.86, compared to $2.69 from the year-ago quarter. The stock has a 52-week-high of $266.04 and a 52-week-low of $160.66. At the end of the last trading period, Caterpillar closed at $217.01.

Wolfe Research downgraded the previous rating for Remitly Global Inc RELY from Outperform to Peer Perform. For the fourth quarter, Remitly Global had an EPS of $0.11, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $17.03 and a 52-week-low of $6.66. Remitly Global closed at $16.88 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Frontier Communications Parent Inc FYBR was changed from Equal-Weight to Underweight. Frontier Communications earned $0.63 in the fourth quarter, compared to $0.77 in the year-ago quarter. The current stock performance of Frontier Communications shows a 52-week-high of $30.83 and a 52-week-low of $20.87. Moreover, at the end of the last trading period, the closing price was at $23.57.

See all analyst ratings downgrades.

Initiations

RF Lafferty initiated coverage on The Lion Electric Co LEV with a Buy rating. The price target for Lion Electric is set to $7.00. Lion Electric earned $0.02 in the fourth quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.20 and a 52-week-low of $1.78. Lion Electric closed at $1.85 at the end of the last trading period.

Melius Research initiated coverage on United Parcel Service Inc UPS with a Buy rating. The price target for United Parcel Service is set to $225.00. In the fourth quarter, United Parcel Service showed an EPS of $3.62, compared to $3.59 from the year-ago quarter. The current stock performance of United Parcel Service shows a 52-week-high of $223.91 and a 52-week-low of $154.91. Moreover, at the end of the last trading period, the closing price was at $186.07.

With a Hold rating, Melius Research initiated coverage on FedEx Corp FDX. The price target seems to have been set at $240.00 for FedEx. For the third quarter, FedEx had an EPS of $3.41, compared to year-ago quarter EPS of $4.59. At the moment, the stock has a 52-week-high of $248.65 and a 52-week-low of $141.92. FedEx closed at $217.60 at the end of the last trading period.

With a Buy rating, Craig-Hallum initiated coverage on Backblaze Inc BLZE. The price target seems to have been set at $8.00 for Backblaze. Backblaze earned $0.27 in the fourth quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $11.57 and a 52-week-low of $3.83. At the end of the last trading period, Backblaze closed at $4.94.

WestPark Capital initiated coverage on Tenable Holdings Inc TENB with a Hold rating. In the fourth quarter, Tenable Holdings showed an EPS of $0.12, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $63.61 and a 52-week-low of $28.80. At the end of the last trading period, Tenable Holdings closed at $44.69.

Morgan Stanley initiated coverage on Model N Inc MODN with an Overweight rating. The price target for Model N is set to $43.00. Model N earned $0.23 in the first quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Model N shows a 52-week-high of $43.18 and a 52-week-low of $21.03. Moreover, at the end of the last trading period, the closing price was at $31.95.

See all analyst ratings initiations.