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

Upgrades

According to Huber Research, the prior rating for Meta Platforms Inc META was changed from Neutral to Overweight. Meta Platforms earned $2.20 in the first quarter, compared to $2.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $222.11 and a 52-week-low of $88.10. Meta Platforms closed at $209.40 at the end of the last trading period.

According to TD Securities, the prior rating for FirstService Corp FSV was changed from Hold to Buy. For the first quarter, FirstService had an EPS of $0.85, compared to year-ago quarter EPS of $0.73. The stock has a 52-week-high of $148.70 and a 52-week-low of $112.48. At the end of the last trading period, FirstService closed at $145.13.

Morgan Stanley upgraded the previous rating for Elevance Health Inc ELV from Equal-Weight to Overweight. Elevance Health earned $9.46 in the first quarter, compared to $8.19 in the year-ago quarter. The current stock performance of Elevance Health shows a 52-week-high of $549.50 and a 52-week-low of $440.31. Moreover, at the end of the last trading period, the closing price was at $452.38.

For Silgan Holdings Inc SLGN, Citigroup upgraded the previous rating of Neutral to Buy. Silgan Hldgs earned $0.78 in the first quarter, compared to $0.78 in the year-ago quarter. The stock has a 52-week-high of $55.41 and a 52-week-low of $38.74. At the end of the last trading period, Silgan Hldgs closed at $48.53.

Truist Securities upgraded the previous rating for Albany International Corp AIN from Hold to Buy. Albany Intl earned $0.91 in the first quarter, compared to $0.91 in the year-ago quarter. The stock has a 52-week-high of $115.39 and a 52-week-low of $75.40. At the end of the last trading period, Albany Intl closed at $86.30.

According to Cantor Fitzgerald, the prior rating for 2U Inc TWOU was changed from Neutral to Overweight. 2U earned $0.10 in the first quarter, compared to $0.24 in the year-ago quarter. The current stock performance of 2U shows a 52-week-high of $13.15 and a 52-week-low of $4.70. Moreover, at the end of the last trading period, the closing price was at $5.09.

See all analyst ratings upgrades.

Downgrades

According to Argus Research, the prior rating for ManpowerGroup Inc MAN was changed from Buy to Hold. ManpowerGroup earned $1.61 in the first quarter, compared to $1.88 in the year-ago quarter. At the moment, the stock has a 52-week-high of $95.73 and a 52-week-low of $64.10. ManpowerGroup closed at $74.79 at the end of the last trading period.

For Wolfspeed Inc WOLF, Oppenheimer downgraded the previous rating of Outperform to Perform. For the third quarter, Wolfspeed had an EPS of $0.13, compared to year-ago quarter EPS of $0.12. The current stock performance of Wolfspeed shows a 52-week-high of $125.40 and a 52-week-low of $52.76. Moreover, at the end of the last trading period, the closing price was at $57.40.

BMO Capital downgraded the previous rating for Progressive Corp PGR from Outperform to Market Perform. Progressive earned $0.65 in the first quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $149.87 and a 52-week-low of $106.48. At the end of the last trading period, Progressive closed at $133.84.

B of A Securities downgraded the previous rating for ASGN Inc ASGN from Buy to Underperform. ASGN earned $1.38 in the first quarter, compared to $1.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $119.10 and a 52-week-low of $73.94. ASGN closed at $74.54 at the end of the last trading period.

According to William Blair, the prior rating for Aspen Technology Inc AZPN was changed from Outperform to Market Perform. For the third quarter, Aspen Technology had an EPS of $1.06, compared to year-ago quarter EPS of $1.38. The current stock performance of Aspen Technology shows a 52-week-high of $263.35 and a 52-week-low of $148.95. Moreover, at the end of the last trading period, the closing price was at $231.79.

For Electronic Arts Inc EA, BMO Capital downgraded the previous rating of Outperform to Market Perform. Electronic Arts earned $2.80 in the third quarter, compared to $3.20 in the year-ago quarter. The stock has a 52-week-high of $142.78 and a 52-week-low of $108.53. At the end of the last trading period, Electronic Arts closed at $125.12.

According to Piper Sandler, the prior rating for Vornado Realty Trust VNO was changed from Neutral to Underweight. For the fourth quarter, Vornado Realty had an EPS of $0.72, compared to year-ago quarter EPS of $0.81. At the moment, the stock has a 52-week-high of $41.57 and a 52-week-low of $12.53. Vornado Realty closed at $14.93 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Citigroup initiated coverage on Cintas Corp CTAS. The price target seems to have been set at $540.00 for Cintas. For the third quarter, Cintas had an EPS of $3.14, compared to year-ago quarter EPS of $2.69. The stock has a 52-week-high of $470.05 and a 52-week-low of $344.16. At the end of the last trading period, Cintas closed at $439.63.

With a Buy rating, Maxim Group initiated coverage on Emerald Holding Inc EEX. The price target seems to have been set at $12.00 for Emerald Holding. In the fourth quarter, Emerald Holding showed an EPS of $0.06, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $4.52 and a 52-week-low of $2.42. At the end of the last trading period, Emerald Holding closed at $3.52.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Polestar Automotive Holding UK PLC PSNY. The price target seems to have been set at $7.00 for Polestar Automotive. Polestar Automotive earned $0.12 in the fourth quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.35 and a 52-week-low of $3.14. Polestar Automotive closed at $3.40 at the end of the last trading period.

With a Sector Perform rating, RBC Capital initiated coverage on Model N Inc MODN. The price target seems to have been set at $35.00 for Model N. For the first quarter, Model N had an EPS of $0.23, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $43.18 and a 52-week-low of $21.03. At the end of the last trading period, Model N closed at $32.15.

B. Riley Securities initiated coverage on Longboard Pharmaceuticals Inc LBPH with a Buy rating. The price target for Longboard Pharmaceuticals is set to $13.00. Longboard Pharmaceuticals earned $0.66 in the fourth quarter, compared to $0.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.61 and a 52-week-low of $2.75. Longboard Pharmaceuticals closed at $7.61 at the end of the last trading period.

See all analyst ratings initiations.