Benzinga's Top Ratings Upgrades, Downgrades For May 11, 2023

Upgrades

According to Evercore ISI Group, the prior rating for Phathom Pharmaceuticals Inc PHAT was changed from In-Line to Outperform. In the first quarter, Phathom Pharmaceuticals showed an EPS of $0.89, compared to $1.07 from the year-ago quarter. The current stock performance of Phathom Pharmaceuticals shows a 52-week-high of $13.44 and a 52-week-low of $5.84. Moreover, at the end of the last trading period, the closing price was at $12.43.

For Baidu Inc BIDU, OTR Global upgraded the previous rating of Mixed to Positive. Baidu earned $2.21 in the fourth quarter, compared to $1.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $160.88 and a 52-week-low of $73.59. Baidu closed at $118.90 at the end of the last trading period.

According to B. Riley Securities, the prior rating for Livent Corp LTHM was changed from Neutral to Buy. In the first quarter, Livent showed an EPS of $0.60, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $36.37 and a 52-week-low of $18.26. At the end of the last trading period, Livent closed at $25.50.

Wells Fargo upgraded the previous rating for Bain Capital Specialty Finance Inc BCSF from Underweight to Equal-Weight. Bain Capital Specialty earned $0.50 in the first quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.58 and a 52-week-low of $11.06. Bain Capital Specialty closed at $11.97 at the end of the last trading period.

For Roblox Corp RBLX, Benchmark upgraded the previous rating of Hold to Buy. Roblox earned $0.44 in the first quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.87 and a 52-week-low of $21.65. Roblox closed at $38.87 at the end of the last trading period.

Kepler Cheuvreux upgraded the previous rating for Autoliv Inc ALV from Hold to Buy. Autoliv earned $0.90 in the first quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $98.00 and a 52-week-low of $65.74. At the end of the last trading period, Autoliv closed at $87.90.

According to Susquehanna, the prior rating for International Game Technology PLC IGT was changed from Neutral to Positive. Intl Game Tech earned $0.49 in the first quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.98 and a 52-week-low of $15.02. Intl Game Tech closed at $25.86 at the end of the last trading period.

According to JP Morgan, the prior rating for JB Hunt Transport Services Inc JBHT was changed from Neutral to Overweight. In the first quarter, JB Hunt Transport Servs showed an EPS of $1.89, compared to $2.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $200.64 and a 52-week-low of $153.98. JB Hunt Transport Servs closed at $176.61 at the end of the last trading period.

For RingCentral Inc RNG, Credit Suisse upgraded the previous rating of Neutral to Outperform. RingCentral earned $0.76 in the first quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.54 and a 52-week-low of $25.32. RingCentral closed at $30.30 at the end of the last trading period.

According to HC Wainwright & Co., the prior rating for Arcturus Therapeutics Holdings Inc ARCT was changed from Neutral to Buy. For the first quarter, Arcturus Therapeutics had an EPS of $0.62, compared to year-ago quarter EPS of $1.94. At the moment, the stock has a 52-week-high of $30.28 and a 52-week-low of $11.70. Arcturus Therapeutics closed at $29.41 at the end of the last trading period.

According to JP Morgan, the prior rating for Axon Enterprise Inc AXON was changed from Neutral to Overweight. Axon Enterprise earned $0.88 in the first quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $229.95 and a 52-week-low of $82.51. Axon Enterprise closed at $192.73 at the end of the last trading period.

RBC Capital upgraded the previous rating for Rayonier Advanced Materials Inc RYAM from Sector Perform to Outperform. In the first quarter, Rayonier Adv Materials showed an EPS of $0.05, compared to $0.38 from the year-ago quarter. The current stock performance of Rayonier Adv Materials shows a 52-week-high of $9.84 and a 52-week-low of $2.44. Moreover, at the end of the last trading period, the closing price was at $4.57.

According to JP Morgan, the prior rating for Schneider National Inc SNDR was changed from Underweight to Neutral. For the first quarter, Schneider National had an EPS of $0.55, compared to year-ago quarter EPS of $0.57. At the moment, the stock has a 52-week-high of $30.93 and a 52-week-low of $20.27. Schneider National closed at $26.25 at the end of the last trading period.

According to JP Morgan, the prior rating for Norfolk Southern Corp NSC was changed from Neutral to Overweight. In the first quarter, Norfolk Southern showed an EPS of $3.32, compared to $2.93 from the year-ago quarter. The current stock performance of Norfolk Southern shows a 52-week-high of $264.17 and a 52-week-low of $196.33. Moreover, at the end of the last trading period, the closing price was at $208.50.

For Roblox Corp RBLX, Roth MKM upgraded the previous rating of Neutral to Buy. Roblox earned $0.44 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $53.87 and a 52-week-low of $21.65. At the end of the last trading period, Roblox closed at $38.87.

According to Credit Suisse, the prior rating for Alcoa Corp AA was changed from Neutral to Outperform. In the first quarter, Alcoa showed an EPS of $0.23, compared to $3.06 from the year-ago quarter. The stock has a 52-week-high of $67.45 and a 52-week-low of $33.55. At the end of the last trading period, Alcoa closed at $36.14.

According to Barclays, the prior rating for Syneos Health Inc SYNH was changed from Underweight to Equal-Weight. In the first quarter, Syneos Health showed an EPS of $0.75, compared to $1.01 from the year-ago quarter. The current stock performance of Syneos Health shows a 52-week-high of $79.77 and a 52-week-low of $22.92. Moreover, at the end of the last trading period, the closing price was at $41.85.

According to Keybanc, the prior rating for Livent Corp LTHM was changed from Sector Weight to Overweight. For the first quarter, Livent had an EPS of $0.60, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $36.37 and a 52-week-low of $18.26. At the end of the last trading period, Livent closed at $25.50.

Keybanc upgraded the previous rating for Albemarle Corp ALB from Sector Weight to Overweight. Albemarle earned $10.32 in the first quarter, compared to $2.38 in the year-ago quarter. The stock has a 52-week-high of $334.20 and a 52-week-low of $171.82. At the end of the last trading period, Albemarle closed at $194.51.

See all analyst ratings upgrades.

Downgrades

According to William Blair, the prior rating for Ginkgo Bioworks Holdings Inc DNA was changed from Outperform to Market Perform. Ginkgo Bioworks Holdings earned $0.11 in the first quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $4.91 and a 52-week-low of $1.12. At the end of the last trading period, Ginkgo Bioworks Holdings closed at $1.35.

For ViewRay Inc VRAY, B. Riley Securities downgraded the previous rating of Buy to Neutral. In the first quarter, ViewRay showed an EPS of $0.16, compared to $0.14 from the year-ago quarter. The stock has a 52-week-high of $4.96 and a 52-week-low of $0.90. At the end of the last trading period, ViewRay closed at $1.00.

BTIG downgraded the previous rating for Babylon Holdings Ltd BBLN from Neutral to Sell. For the first quarter, Babylon Holdings had an EPS of $2.53, compared to year-ago quarter EPS of $6.00. The stock has a 52-week-high of $36.00 and a 52-week-low of $2.00. At the end of the last trading period, Babylon Holdings closed at $2.05.

According to BTIG, the prior rating for CareDx Inc CDNA was changed from Buy to Neutral. For the first quarter, CareDx had an EPS of $0.11, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $27.33 and a 52-week-low of $7.63. At the end of the last trading period, CareDx closed at $8.59.

For Northrop Grumman Corp NOC, Barclays downgraded the previous rating of Overweight to Equal-Weight. Northrop Grumman earned $5.50 in the first quarter, compared to $6.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $556.14 and a 52-week-low of $430.94. Northrop Grumman closed at $443.03 at the end of the last trading period.

For Pfizer Inc PFE, Daiwa Capital downgraded the previous rating of Outperform to Neutral. Pfizer earned $1.23 in the first quarter, compared to $1.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.93 and a 52-week-low of $38.02. Pfizer closed at $38.30 at the end of the last trading period.

William Blair downgraded the previous rating for Cutera Inc CUTR from Outperform to Market Perform. Cutera earned $1.26 in the first quarter, compared to $0.32 in the year-ago quarter. The current stock performance of Cutera shows a 52-week-high of $56.32 and a 52-week-low of $15.71. Moreover, at the end of the last trading period, the closing price was at $17.66.

According to JP Morgan, the prior rating for ProFrac Holding Corp ACDC was changed from Overweight to Neutral. The current stock performance of ProFrac Holding shows a 52-week-high of $27.00 and a 52-week-low of $9.01. Moreover, at the end of the last trading period, the closing price was at $11.04.

Roth MKM downgraded the previous rating for PLBY Group Inc PLBY from Buy to Neutral. In the first quarter, PLBY Group showed an EPS of $0.58, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.35 and a 52-week-low of $1.55. PLBY Group closed at $1.86 at the end of the last trading period.

Baird downgraded the previous rating for Syneos Health Inc SYNH from Outperform to Neutral. In the first quarter, Syneos Health showed an EPS of $0.75, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.77 and a 52-week-low of $22.92. Syneos Health closed at $41.85 at the end of the last trading period.

For Block Inc SQ, CLSA downgraded the previous rating of Buy to Underperform. Block earned $0.40 in the first quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $93.18 and a 52-week-low of $51.34. At the end of the last trading period, Block closed at $57.53.

Piper Sandler downgraded the previous rating for The Mosaic Co MOS from Overweight to Neutral. Mosaic earned $1.14 in the first quarter, compared to $2.41 in the year-ago quarter. The stock has a 52-week-high of $66.60 and a 52-week-low of $36.20. At the end of the last trading period, Mosaic closed at $36.90.

Piper Sandler downgraded the previous rating for LSB Industries Inc LXU from Overweight to Neutral. LSB Industries earned $0.25 in the first quarter, compared to $0.69 in the year-ago quarter. The stock has a 52-week-high of $22.23 and a 52-week-low of $8.15. At the end of the last trading period, LSB Industries closed at $9.56.

For CF Industries Holdings Inc CF, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the first quarter, CF Industries Holdings showed an EPS of $2.85, compared to $4.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $119.54 and a 52-week-low of $66.25. CF Industries Holdings closed at $67.79 at the end of the last trading period.

For Syneos Health Inc SYNH, Deutsche Bank downgraded the previous rating of Buy to Hold. Syneos Health earned $0.75 in the first quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $79.77 and a 52-week-low of $22.92. At the end of the last trading period, Syneos Health closed at $41.85.

JMP Securities downgraded the previous rating for CTI BioPharma Corp CTIC from Market Outperform to Market Perform. At the moment, the stock has a 52-week-high of $8.93 and a 52-week-low of $3.33. CTI BioPharma closed at $8.93 at the end of the last trading period.

JMP Securities downgraded the previous rating for AFC Gamma Inc AFCG from Market Outperform to Market Perform. In the first quarter, AFC Gamma showed an EPS of $0.57, compared to $0.62 from the year-ago quarter. The current stock performance of AFC Gamma shows a 52-week-high of $18.88 and a 52-week-low of $10.28. Moreover, at the end of the last trading period, the closing price was at $10.51.

Goldman Sachs downgraded the previous rating for TechTarget Inc TTGT from Neutral to Sell. For the first quarter, TechTarget had an EPS of $0.41, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $74.30 and a 52-week-low of $30.07. TechTarget closed at $30.41 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Twilio Inc TWLO was changed from Buy to Neutral. Twilio earned $0.47 in the first quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $112.87 and a 52-week-low of $41.00. At the end of the last trading period, Twilio closed at $48.92.

For RingCentral Inc RNG, Goldman Sachs downgraded the previous rating of Buy to Neutral. For the first quarter, RingCentral had an EPS of $0.76, compared to year-ago quarter EPS of $0.39. The current stock performance of RingCentral shows a 52-week-high of $75.54 and a 52-week-low of $25.32. Moreover, at the end of the last trading period, the closing price was at $30.30.

For Bentley Systems Inc BSY, Goldman Sachs downgraded the previous rating of Buy to Neutral. For the first quarter, Bentley Systems had an EPS of $0.25, compared to year-ago quarter EPS of $0.24. At the moment, the stock has a 52-week-high of $46.97 and a 52-week-low of $26.33. Bentley Systems closed at $45.89 at the end of the last trading period.

For Franchise Group Inc FRG, DA Davidson downgraded the previous rating of Buy to Neutral. For the first quarter, Franchise Group had an EPS of $0.11, compared to year-ago quarter EPS of $1.29. At the moment, the stock has a 52-week-high of $44.22 and a 52-week-low of $22.45. Franchise Group closed at $29.33 at the end of the last trading period.

For CTI BioPharma Corp CTIC, Needham downgraded the previous rating of Buy to Hold. At the moment, the stock has a 52-week-high of $8.93 and a 52-week-low of $3.33. CTI BioPharma closed at $8.93 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Citigroup initiated coverage on Integer Holdings Corp ITGR with a Neutral rating. The price target for Integer Holdings is set to $88.00. For the first quarter, Integer Holdings had an EPS of $0.87, compared to year-ago quarter EPS of $0.78. The stock has a 52-week-high of $86.18 and a 52-week-low of $50.05. At the end of the last trading period, Integer Holdings closed at $79.48.

Barclays initiated coverage on Agilent Technologies Inc A with a Equal-Weight rating. The price target for Agilent Technologies is set to $140.00. Agilent Technologies earned $1.37 in the first quarter, compared to $1.21 in the year-ago quarter. The stock has a 52-week-high of $160.08 and a 52-week-low of $112.66. At the end of the last trading period, Agilent Technologies closed at $128.06.

With a Equal-Weight rating, Barclays initiated coverage on StoneCo Ltd STNE. The price target seems to have been set at $13.00 for StoneCo. StoneCo earned $0.14 in the fourth quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $14.23 and a 52-week-low of $6.82. At the end of the last trading period, StoneCo closed at $13.40.

Barclays initiated coverage on PagSeguro Digital Ltd PAGS with an Overweight rating. The price target for PagSeguro Digital is set to $16.00. PagSeguro Digital earned $0.24 in the fourth quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.49 and a 52-week-low of $7.51. PagSeguro Digital closed at $11.65 at the end of the last trading period.

With an Underweight rating, Barclays initiated coverage on DLocal Ltd DLO. The price target seems to have been set at $10.00 for DLocal. DLocal earned $0.06 in the fourth quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.56 and a 52-week-low of $9.04. DLocal closed at $14.43 at the end of the last trading period.

See all analyst ratings initiations.