Benzinga's Top Ratings Upgrades, Downgrades For May 8, 2023

Upgrades

Daiwa Capital upgraded the previous rating for Coinbase Global Inc COIN from Hold to Buy. For the first quarter, Coinbase Glb had an EPS of $0.34, compared to year-ago quarter EPS of $1.98. The current stock performance of Coinbase Glb shows a 52-week-high of $125.50 and a 52-week-low of $31.55. Moreover, at the end of the last trading period, the closing price was at $58.24.

For BlackLine Inc BL, Citigroup upgraded the previous rating of Sell to Neutral. BlackLine earned $0.34 in the first quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $79.23 and a 52-week-low of $48.77. At the end of the last trading period, BlackLine closed at $53.82.

According to B of A Securities, the prior rating for XPO Inc XPO was changed from Underperform to Neutral. In the first quarter, XPO showed an EPS of $0.56, compared to $1.25 from the year-ago quarter. The stock has a 52-week-high of $49.00 and a 52-week-low of $24.76. At the end of the last trading period, XPO closed at $47.90.

B of A Securities upgraded the previous rating for Albemarle Corp ALB from Underperform to Neutral. In the first quarter, Albemarle showed an EPS of $10.32, compared to $2.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $334.20 and a 52-week-low of $171.82. Albemarle closed at $179.70 at the end of the last trading period.

For Braskem SA BAK, Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. The current stock performance of Braskem shows a 52-week-high of $19.59 and a 52-week-low of $6.26. Moreover, at the end of the last trading period, the closing price was at $9.17.

For Builders FirstSource Inc BLDR, Zelman & Assoc upgraded the previous rating of Hold to Buy. For the first quarter, Builders FirstSource had an EPS of $2.96, compared to year-ago quarter EPS of $3.90. The stock has a 52-week-high of $111.73 and a 52-week-low of $48.94. At the end of the last trading period, Builders FirstSource closed at $111.25.

UBS upgraded the previous rating for Pentair PLC PNR from Neutral to Buy. For the first quarter, Pentair had an EPS of $0.91, compared to year-ago quarter EPS of $0.85. The current stock performance of Pentair shows a 52-week-high of $60.85 and a 52-week-low of $38.60. Moreover, at the end of the last trading period, the closing price was at $57.87.

For Medpace Holdings Inc MEDP, Guggenheim upgraded the previous rating of Neutral to Buy. Medpace Hldgs earned $2.27 in the first quarter, compared to $1.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $241.47 and a 52-week-low of $129.11. Medpace Hldgs closed at $206.79 at the end of the last trading period.

For Fortinet Inc FTNT, B of A Securities upgraded the previous rating of Neutral to Buy. Fortinet earned $0.34 in the first quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Fortinet shows a 52-week-high of $69.07 and a 52-week-low of $42.69. Moreover, at the end of the last trading period, the closing price was at $64.59.

Craig-Hallum upgraded the previous rating for MasTec Inc MTZ from Hold to Buy. For the first quarter, MasTec had an EPS of $0.54, compared to year-ago quarter EPS of $0.03. The current stock performance of MasTec shows a 52-week-high of $103.50 and a 52-week-low of $62.44. Moreover, at the end of the last trading period, the closing price was at $89.33.

For Janus Henderson Group PLC JHG, Credit Suisse upgraded the previous rating of Underperform to Neutral. For the first quarter, Janus Henderson Group had an EPS of $0.55, compared to year-ago quarter EPS of $0.75. At the moment, the stock has a 52-week-high of $31.30 and a 52-week-low of $19.14. Janus Henderson Group closed at $26.55 at the end of the last trading period.

For Peloton Interactive Inc PTON, BMO Capital upgraded the previous rating of Underperform to Market Perform. Peloton Interactive earned $0.79 in the third quarter, compared to $1.15 in the year-ago quarter. The stock has a 52-week-high of $18.53 and a 52-week-low of $6.66. At the end of the last trading period, Peloton Interactive closed at $7.81.

For American Airlines Group Inc AAL, JP Morgan upgraded the previous rating of Neutral to Overweight. American Airlines Group earned $0.05 in the first quarter, compared to $2.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.51 and a 52-week-low of $11.65. American Airlines Group closed at $13.87 at the end of the last trading period.

For Thomson Reuters Corp TRI, National Bank Of Canada upgraded the previous rating of Sector Perform to Outperform. Thomson Reuters earned $0.82 in the first quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $133.56 and a 52-week-low of $91.55. Thomson Reuters closed at $119.76 at the end of the last trading period.

For Snowflake Inc SNOW, Stifel upgraded the previous rating of Hold to Buy. In the fourth quarter, Snowflake showed an EPS of $0.14, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $205.63 and a 52-week-low of $110.41. At the end of the last trading period, Snowflake closed at $154.17.

According to RBC Capital, the prior rating for Americold Realty Trust Inc COLD was changed from Sector Perform to Outperform. For the first quarter, Americold Realty Trust had an EPS of $0.22, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $32.99 and a 52-week-low of $21.50. At the end of the last trading period, Americold Realty Trust closed at $30.60.

According to JP Morgan, the prior rating for The Scotts Miracle Gro Co SMG was changed from Neutral to Overweight. In the second quarter, Scotts Miracle Gro showed an EPS of $3.78, compared to $5.03 from the year-ago quarter. The current stock performance of Scotts Miracle Gro shows a 52-week-high of $113.76 and a 52-week-low of $39.06. Moreover, at the end of the last trading period, the closing price was at $66.44.

Morgan Stanley upgraded the previous rating for Vitru Ltd VTRU from Equal-Weight to Overweight. For the fourth quarter, Vitru had an EPS of $0.28, compared to year-ago quarter EPS of $0.23. The current stock performance of Vitru shows a 52-week-high of $23.99 and a 52-week-low of $11.65. Moreover, at the end of the last trading period, the closing price was at $12.98.

For Independence Realty Trust Inc IRT, JMP Securities upgraded the previous rating of Market Perform to Market Outperform. For the first quarter, Independence Realty Trust had an EPS of $0.27, compared to year-ago quarter EPS of $0.25. The current stock performance of Independence Realty Trust shows a 52-week-high of $25.57 and a 52-week-low of $14.55. Moreover, at the end of the last trading period, the closing price was at $16.94.

According to Goldman Sachs, the prior rating for Dropbox Inc DBX was changed from Sell to Neutral. Dropbox earned $0.42 in the first quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $24.99 and a 52-week-low of $18.71. At the end of the last trading period, Dropbox closed at $21.31.

For Atlantica Sustainable Infrastructure PLC AY, National Bank Financial Inc upgraded the previous rating of Sector Perform to Outperform. Atlantica Sustainable earned $0.09 in the first quarter, compared to $0.10 in the year-ago quarter. The current stock performance of Atlantica Sustainable shows a 52-week-high of $36.22 and a 52-week-low of $24.46. Moreover, at the end of the last trading period, the closing price was at $24.85.

Raymond James upgraded the previous rating for Galapagos NV GLPG from Market Perform to Outperform. In the first quarter, Galapagos showed an EPS of $0.42, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $61.17 and a 52-week-low of $36.16. At the end of the last trading period, Galapagos closed at $42.89.

See all analyst ratings upgrades.

Downgrades

For WalkMe Ltd WKME, BMO Capital downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, WalkMe showed an EPS of $0.10, compared to $0.23 from the year-ago quarter. The current stock performance of WalkMe shows a 52-week-high of $15.68 and a 52-week-low of $6.88. Moreover, at the end of the last trading period, the closing price was at $10.00.

According to Needham, the prior rating for Green Dot Corp GDOT was changed from Buy to Hold. In the first quarter, Green Dot showed an EPS of $0.99, compared to $1.06 from the year-ago quarter. The current stock performance of Green Dot shows a 52-week-high of $30.25 and a 52-week-low of $14.96. Moreover, at the end of the last trading period, the closing price was at $18.80.

According to JP Morgan, the prior rating for Frontier Group Holdings Inc ULCC was changed from Overweight to Hold Neutral. In the first quarter, Frontier Group Holdings showed an EPS of $0.05, compared to $0.50 from the year-ago quarter. The stock has a 52-week-high of $15.24 and a 52-week-low of $7.61. At the end of the last trading period, Frontier Group Holdings closed at $8.09.

According to JP Morgan, the prior rating for Southwest Airlines Co LUV was changed from Overweight to Neutral. Southwest Airlines earned $0.27 in the first quarter, compared to $0.32 in the year-ago quarter. The current stock performance of Southwest Airlines shows a 52-week-high of $47.97 and a 52-week-low of $28.81. Moreover, at the end of the last trading period, the closing price was at $29.66.

For NorthEast Community Bancorp Inc NECB, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the first quarter, NorthEast Community showed an EPS of $0.77, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $15.99 and a 52-week-low of $10.67. At the end of the last trading period, NorthEast Community closed at $12.93.

For Workday Inc WDAY, Stifel downgraded the previous rating of Buy to Hold. In the fourth quarter, Workday showed an EPS of $0.99, compared to $0.78 from the year-ago quarter. At the moment, the stock has a 52-week-high of $206.68 and a 52-week-low of $128.73. Workday closed at $181.48 at the end of the last trading period.

Wolfe Research downgraded the previous rating for Qualys Inc QLYS from Peer Perform to Underperform. Qualys earned $1.09 in the first quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $162.36 and a 52-week-low of $101.10. At the end of the last trading period, Qualys closed at $116.61.

Morgan Stanley downgraded the previous rating for Laureate Education Inc LAUR from Overweight to Equal-Weight. Laureate Education earned $0.17 in the first quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Laureate Education shows a 52-week-high of $13.35 and a 52-week-low of $9.24. Moreover, at the end of the last trading period, the closing price was at $12.32.

According to JP Morgan, the prior rating for Cogent Communications Holdings Inc CCOI was changed from Overweight to Neutral. In the first quarter, Cogent Comms Hldgs showed an EPS of $0.13, compared to $0.02 from the year-ago quarter. The current stock performance of Cogent Comms Hldgs shows a 52-week-high of $75.00 and a 52-week-low of $46.88. Moreover, at the end of the last trading period, the closing price was at $66.91.

According to B of A Securities, the prior rating for Trupanion Inc TRUP was changed from Buy to Neutral. Trupanion earned $0.39 in the first quarter, compared to $0.22 in the year-ago quarter. The current stock performance of Trupanion shows a 52-week-high of $82.38 and a 52-week-low of $23.35. Moreover, at the end of the last trading period, the closing price was at $28.88.

For Frontline Plc FRO, Jefferies downgraded the previous rating of Buy to Hold. For the fourth quarter, Frontline had an EPS of $0.97, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $19.29 and a 52-week-low of $7.49. At the end of the last trading period, Frontline closed at $15.10.

See all analyst ratings downgrades.

Initiations

BMO Capital initiated coverage on Terns Pharmaceuticals Inc TERN with an Outperform rating. The price target for Terns Pharma is set to $18.00. Terns Pharma earned $0.29 in the fourth quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $14.04 and a 52-week-low of $1.46. At the end of the last trading period, Terns Pharma closed at $12.46.

With an Outperform rating, BMO Capital initiated coverage on Acrivon Therapeutics Inc ACRV. The price target seems to have been set at $25.00 for Acrivon Therapeutics. Acrivon Therapeutics earned $0.80 in the fourth quarter, compared to $2.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $25.47 and a 52-week-low of $8.06. Acrivon Therapeutics closed at $12.53 at the end of the last trading period.

With a Buy rating, Rosenblatt initiated coverage on Pegasystems Inc PEGA. The price target seems to have been set at $56.00 for Pegasystems. Pegasystems earned $0.23 in the first quarter, compared to $0.59 in the year-ago quarter. The current stock performance of Pegasystems shows a 52-week-high of $74.37 and a 52-week-low of $29.16. Moreover, at the end of the last trading period, the closing price was at $42.23.

With an Overweight rating, JP Morgan initiated coverage on Alcoa Corp AA. The price target seems to have been set at $54.00 for Alcoa. Alcoa earned $0.23 in the first quarter, compared to $3.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.05 and a 52-week-low of $33.55. Alcoa closed at $36.15 at the end of the last trading period.

With an Overweight rating, JP Morgan initiated coverage on Constellium SE CSTM. The price target seems to have been set at $24.00 for Constellium. Constellium earned $0.15 in the first quarter, compared to $1.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.54 and a 52-week-low of $9.82. Constellium closed at $14.93 at the end of the last trading period.

JP Morgan initiated coverage on Kaiser Aluminum Corp KALU with a Neutral rating. The price target for Kaiser Aluminum is set to $69.00. In the first quarter, Kaiser Aluminum showed an EPS of $0.42, compared to $0.66 from the year-ago quarter. The current stock performance of Kaiser Aluminum shows a 52-week-high of $107.08 and a 52-week-low of $56.79. Moreover, at the end of the last trading period, the closing price was at $63.02.

With a Neutral rating, JP Morgan initiated coverage on Getty Images Holdings Inc GETY. The price target seems to have been set at $6.00 for Getty Images Holdings. The current stock performance of Getty Images Holdings shows a 52-week-high of $37.59 and a 52-week-low of $3.42. Moreover, at the end of the last trading period, the closing price was at $5.93.

With an Overweight rating, Wells Fargo initiated coverage on Stagwell Inc STGW. The price target seems to have been set at $9.00 for Stagwell. For the fourth quarter, Stagwell had an EPS of $0.22, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $9.23 and a 52-week-low of $4.80. Stagwell closed at $5.71 at the end of the last trading period.

With an Overweight rating, Morgan Stanley initiated coverage on Silence Therapeutics PLC SLN. The price target seems to have been set at $20.00 for Silence Therapeutics. For the fourth quarter, Silence Therapeutics had an EPS of $0.15, compared to year-ago quarter EPS of $0.14. The current stock performance of Silence Therapeutics shows a 52-week-high of $17.99 and a 52-week-low of $4.54. Moreover, at the end of the last trading period, the closing price was at $6.35.

With a Neutral rating, UBS initiated coverage on Dave & Buster's Entertainment Inc PLAY. The price target seems to have been set at $38.00 for Dave & Buster's Enter. For the fourth quarter, Dave & Buster's Enter had an EPS of $0.80, compared to year-ago quarter EPS of $0.52. The stock has a 52-week-high of $46.98 and a 52-week-low of $29.67. At the end of the last trading period, Dave & Buster's Enter closed at $36.33.

See all analyst ratings initiations.