Benzinga's Top Ratings Upgrades, Downgrades For July 9, 2021

According to HSBC, the prior rating for NIO Inc NIO was changed from Hold to Buy. In the first quarter, NIO showed an EPS of $0.04, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.99 and a 52-week-low of $10.46. NIO closed at $45.60 at the end of the last trading period.

For Discover Financial Services DFS, Citigroup upgraded the previous rating of Neutral to Buy. For the first quarter, Discover Financial had an EPS of $5.04, compared to year-ago quarter EPS of $0.25. The current stock performance of Discover Financial shows a 52-week-high of $125.38 and a 52-week-low of $45.40. Moreover, at the end of the last trading period, the closing price was at $115.26.

For State Street Corporation STT, UBS upgraded the previous rating of Neutral to Buy. In the first quarter, State Street showed an EPS of $1.47, compared to $1.67 from the year-ago quarter. The stock has a 52-week-high of $89.28 and a 52-week-low of $56.63. At the end of the last trading period, State Street closed at $79.59.

Evercore ISI Group upgraded the previous rating for Norfolk Southern Corp NSC from In-Line to Outperform. Norfolk Southern earned $2.66 in the first quarter, compared to $2.58 in the year-ago quarter. At the moment, the stock has a 52-week-high of $295.14 and a 52-week-low of $169.15. Norfolk Southern closed at $253.78 at the end of the last trading period.

RBC Capital upgraded the previous rating for Deutsche Bank AG DB from Underperform to Sector Perform. Deutsche Bank earned $0.57 in the first quarter, compared to $0.02 in the year-ago quarter. The current stock performance of Deutsche Bank shows a 52-week-high of $15.34 and a 52-week-low of $7.84. Moreover, at the end of the last trading period, the closing price was at $12.01.

Morgan Stanley upgraded the previous rating for NOV Inc NOV from Underweight to Equal-Weight. NOV earned $0.30 in the first quarter, compared to $0.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.02 and a 52-week-low of $7.70. NOV closed at $14.18 at the end of the last trading period.

For Align Technology Inc ALGN, Stephens & Co. upgraded the previous rating of Equal-Weight to Overweight. For the first quarter, Align Tech had an EPS of $2.49, compared to year-ago quarter EPS of $0.73. The current stock performance of Align Tech shows a 52-week-high of $647.20 and a 52-week-low of $267.63. Moreover, at the end of the last trading period, the closing price was at $616.79.

For Argo Group International Holdings Ltd ARGO, Compass Point upgraded the previous rating of Neutral to Buy. In the first quarter, Argo Gr Intl Hldgs showed an EPS of $0.44, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $58.60 and a 52-week-low of $31.21. At the end of the last trading period, Argo Gr Intl Hldgs closed at $49.40.

Stephens & Co. upgraded the previous rating for MSC Industrial Direct Co Inc MSM from Equal-Weight to Overweight. For the third quarter, MSC Industrial Direct Co had an EPS of $1.42, compared to year-ago quarter EPS of $1.40. At the moment, the stock has a 52-week-high of $96.23 and a 52-week-low of $60.09. MSC Industrial Direct Co closed at $89.90 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Burberry Group PLC BURBY was changed from Neutral to Buy. At the moment, the stock has a 52-week-high of $32.17 and a 52-week-low of $16.30. Burberry Group closed at $27.39 at the end of the last trading period.

According to Piper Sandler, the prior rating for Cincinnati Financial Corp CINF was changed from Underweight to Neutral. Cincinnati Financial earned $1.37 in the first quarter, compared to $0.84 in the year-ago quarter. The current stock performance of Cincinnati Financial shows a 52-week-high of $124.37 and a 52-week-low of $65.98. Moreover, at the end of the last trading period, the closing price was at $113.76.

Deutsche Bank upgraded the previous rating for Terex Corp TEX from Hold to Buy. In the first quarter, Terex showed an EPS of $0.60, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.60 and a 52-week-low of $17.19. Terex closed at $44.45 at the end of the last trading period.

For Vistra Corp VST, B of A Securities upgraded the previous rating of Neutral to Buy. In the first quarter, Vistra showed an EPS of $4.21, compared to $0.24 from the year-ago quarter. The current stock performance of Vistra shows a 52-week-high of $24.20 and a 52-week-low of $15.47. Moreover, at the end of the last trading period, the closing price was at $18.75.

See all analyst ratings upgrades.

Downgrades

Redburn Partners downgraded the previous rating for Nevro Corp NVRO from Buy to Neutral. For the first quarter, Nevro had an EPS of $0.85, compared to year-ago quarter EPS of $0.78. At the moment, the stock has a 52-week-high of $188.14 and a 52-week-low of $111.87. Nevro closed at $153.01 at the end of the last trading period.

According to Stephens & Co., the prior rating for Sanderson Farms Inc SAFM was changed from Overweight to Equal-Weight. Sanderson Farms earned $4.34 in the second quarter, compared to $0.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $195.25 and a 52-week-low of $108.57. Sanderson Farms closed at $184.13 at the end of the last trading period.

According to BTIG, the prior rating for XL Fleet Corp XL was changed from Buy to Neutral. For the first quarter, XL Fleet had an EPS of $0.07, compared to year-ago quarter EPS of $0.08. The current stock performance of XL Fleet shows a 52-week-high of $35.00 and a 52-week-low of $5.41. Moreover, at the end of the last trading period, the closing price was at $7.70.

According to JMP Securities, the prior rating for Cloudera Inc CLDR was changed from Outperform to Market Perform. For the first quarter, Cloudera had an EPS of $0.12, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $19.35 and a 52-week-low of $9.34. Cloudera closed at $15.69 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Core Laboratories NV CLB from Overweight to Equal-Weight. For the first quarter, Core Laboratories had an EPS of $0.15, compared to year-ago quarter EPS of $0.31. The current stock performance of Core Laboratories shows a 52-week-high of $49.87 and a 52-week-low of $13.43. Moreover, at the end of the last trading period, the closing price was at $36.11.

Goldman Sachs downgraded the previous rating for Moncler SpA MONRY from Buy to Neutral. The current stock performance of Moncler shows a 52-week-high of $71.00 and a 52-week-low of $37.00. Moreover, at the end of the last trading period, the closing price was at $68.60.

According to Goldman Sachs, the prior rating for Salvatore Ferragamo SpA SFRGY was changed from Neutral to Sell. At the moment, the stock has a 52-week-high of $12.75 and a 52-week-low of $6.25. Salvatore Ferragamo closed at $10.35 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Guggenheim initiated coverage on Renewable Energy Group Inc REGI. The price target seems to have been set at $87.00 for Renewable Energy Gr. For the first quarter, Renewable Energy Gr had an EPS of $0.88, compared to year-ago quarter EPS of $1.72. At the moment, the stock has a 52-week-high of $117.00 and a 52-week-low of $22.59. Renewable Energy Gr closed at $61.38 at the end of the last trading period.

Oppenheimer initiated coverage on Pennant Park Investment Corp PNNT with a Perform rating. The price target for Pennant Park Investment is set to $7.50. Pennant Park Investment earned $0.13 in the second quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Pennant Park Investment shows a 52-week-high of $7.41 and a 52-week-low of $2.80. Moreover, at the end of the last trading period, the closing price was at $6.73.

With a Buy rating, Jefferies initiated coverage on ASLAN Pharmaceuticals Ltd ASLN. The price target seems to have been set at $8.00 for ASLAN Pharmaceuticals. In the first quarter, ASLAN Pharmaceuticals showed an EPS of $0.02, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $6.75 and a 52-week-low of $1.26. At the end of the last trading period, ASLAN Pharmaceuticals closed at $3.16.

For Latch Inc LTCH, William Blair initiated coverage, by setting the current rating at Outperform. At the moment, the stock has a 52-week-high of $13.17 and a 52-week-low of $10.26. Latch closed at $12.18 at the end of the last trading period.

For Nexus Real Estate Investment Trust EFRTF, BMO Capital initiated coverage, by setting the current rating at Outperform. The current stock performance of Nexus REIT shows a 52-week-high of $8.14 and a 52-week-low of $1.00. Moreover, at the end of the last trading period, the closing price was at $8.14.

Societe Generale initiated coverage on UCB SA UCBJY with a Buy rating. The current stock performance of UCB shows a 52-week-high of $68.00 and a 52-week-low of $44.41. Moreover, at the end of the last trading period, the closing price was at $53.88.

RBC Capital initiated coverage on Forian Inc FORA with an Outperform rating. The price target for Forian is set to $31.00. The stock has a 52-week-high of $45.00 and a 52-week-low of $9.28. At the end of the last trading period, Forian closed at $11.81.

Cantor Fitzgerald initiated coverage on Novan Inc NOVN with an Overweight rating. The price target for Novan is set to $30.00. In the first quarter, Novan showed an EPS of $0.06, compared to $0.17 from the year-ago quarter. The stock has a 52-week-high of $20.74 and a 52-week-low of $0.30. At the end of the last trading period, Novan closed at $9.10.

With a Buy rating, DZ Bank initiated coverage on MercadoLibre Inc MELI. The price target seems to have been set at $1900.00 for MercadoLibre. In the first quarter, MercadoLibre showed an EPS of $0.68, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $2020.00 and a 52-week-low of $941.44. At the end of the last trading period, MercadoLibre closed at $1526.93.

With an Outperform rating, BMO Capital initiated coverage on SunOpta Inc STKL. The price target seems to have been set at $15.00 for SunOpta. SunOpta earned $0.01 in the first quarter, compared to $0.06 in the year-ago quarter. The current stock performance of SunOpta shows a 52-week-high of $17.07 and a 52-week-low of $4.38. Moreover, at the end of the last trading period, the closing price was at $11.36.

CLSA initiated coverage on Coupang Inc CPNG with an Outperform rating. The price target for Coupang is set to $46.00. Coupang earned $0.68 in the first quarter, compared to $5.74 in the year-ago quarter. The current stock performance of Coupang shows a 52-week-high of $69.00 and a 52-week-low of $30.65. Moreover, at the end of the last trading period, the closing price was at $40.00.

RBC Capital initiated coverage on Bumble Inc BMBL with an Outperform rating. The price target for Bumble is set to $65.00. In the first quarter, Bumble earned $1.69. The stock has a 52-week-high of $84.80 and a 52-week-low of $38.91. At the end of the last trading period, Bumble closed at $50.29.

With an Outperform rating, RBC Capital initiated coverage on Match Group Inc MTCH. The price target seems to have been set at $190.00 for Match Group. For the first quarter, Match Group had an EPS of $0.57, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $174.68 and a 52-week-low of $87.56. Match Group closed at $158.25 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on The Beachbody Co Inc BODY. The price target seems to have been set at $16.00 for Beachbody. In the second quarter, Beachbody showed an EPS of $0.99, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of Missing 52-Week High and a 52-week-low of Missing 52-Week Low . Beachbody closed at $8.70 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on Talkspace Inc TALK. The price target seems to have been set at $10.00 for Talkspace. The current stock performance of Talkspace shows a 52-week-high of Missing 52-Week High and a 52-week-low of Missing 52-Week Low . Moreover, at the end of the last trading period, the closing price was at $6.95.

Piper Sandler initiated coverage on Bogota Financial Corp BSBK with a Neutral rating. The price target for Bogota Finl is set to $11.00. Interestingly, in the first quarter, Bogota Finl's EPS was $0.23. The current stock performance of Bogota Finl shows a 52-week-high of $10.75 and a 52-week-low of $7.01. Moreover, at the end of the last trading period, the closing price was at $10.16.

With a Buy rating, BTIG initiated coverage on TaskUs Inc TASK. The price target seems to have been set at $45.00 for TaskUs. The current stock performance of TaskUs shows a 52-week-high of $35.62 and a 52-week-low of $27.06. Moreover, at the end of the last trading period, the closing price was at $31.21.

With an Outperform rating, Raymond James initiated coverage on Professional Holding Corp PFHD. The price target seems to have been set at $22.00 for Professional Holding. For the first quarter, Professional Holding had an EPS of $0.34, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $19.25 and a 52-week-low of $9.63. Professional Holding closed at $17.58 at the end of the last trading period.

With an Outperform rating, Raymond James initiated coverage on Guaranty Bancshares Inc GNTY. The price target seems to have been set at $40.00 for Guaranty Bancshares. For the first quarter, Guaranty Bancshares had an EPS of $0.94, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $41.28 and a 52-week-low of $22.70. Guaranty Bancshares closed at $32.10 at the end of the last trading period.

With a Perform rating, Oppenheimer initiated coverage on Staar Surgical Co STAA. The price target seems to have been set at $150.00 for Staar Surgical. Staar Surgical earned $0.20 in the first quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $161.71 and a 52-week-low of $45.47. At the end of the last trading period, Staar Surgical closed at $143.43.

Wedbush initiated coverage on General Motors Co GM with an Outperform rating. The price target for General Motors is set to $85.00. In the first quarter, General Motors showed an EPS of $2.25, compared to $0.62 from the year-ago quarter. The current stock performance of General Motors shows a 52-week-high of $64.30 and a 52-week-low of $23.33. Moreover, at the end of the last trading period, the closing price was at $56.06.

See all analyst ratings initiations.