Benzinga's Top Ratings Upgrades, Downgrades For July 16, 2021

Upgrades

• According to Citigroup, the prior rating for Alcoa Corp AA was changed from Neutral to Buy. In the second quarter, Alcoa showed an EPS of $1.49, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $44.42 and a 52-week-low of $10.98. At the end of the last trading period, Alcoa closed at $34.54.
• Wolfe Research upgraded the previous rating for Energy Transfer LP ET from Peer Perform to Outperform. For the first quarter, Energy Transfer had an EPS of $1.21, compared to year-ago quarter EPS of $0.32. The current stock performance of Energy Transfer shows a 52-week-high of $11.55 and a 52-week-low of $4.98. Moreover, at the end of the last trading period, the closing price was at $9.79.
• According to Baird, the prior rating for Cintas Corp CTAS was changed from Neutral to Outperform. For the fourth quarter, Cintas had an EPS of $2.47, compared to year-ago quarter EPS of $1.35. At the moment, the stock has a 52-week-high of $392.25 and a 52-week-low of $271.27. Cintas closed at $369.15 at the end of the last trading period.
• According to Cowen & Co., the prior rating for Cummins Inc CMI was changed from Market Perform to Outperform. In the first quarter, Cummins showed an EPS of $4.07, compared to $3.18 from the year-ago quarter. The current stock performance of Cummins shows a 52-week-high of $277.09 and a 52-week-low of $179.16. Moreover, at the end of the last trading period, the closing price was at $240.12.
• According to Cowen & Co., the prior rating for GATX Corp GATX was changed from Market Perform to Outperform. For the first quarter, GATX had an EPS of $1.02, compared to year-ago quarter EPS of $1.31. At the moment, the stock has a 52-week-high of $106.31 and a 52-week-low of $59.32. GATX closed at $88.00 at the end of the last trading period.
• For Matador Resources Co MTDR, MKM Partners upgraded the previous rating of Neutral to Buy. Matador Resources earned $0.71 in the first quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.05 and a 52-week-low of $6.29. Matador Resources closed at $32.57 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for Plains All American Pipeline LP PAA was changed from Equal-Weight to Overweight. For the first quarter, Plains All American had an EPS of $0.25, compared to year-ago quarter EPS of $0.55. The stock has a 52-week-high of $12.38 and a 52-week-low of $5.26. At the end of the last trading period, Plains All American closed at $10.21.
• For Zynex Inc ZYXI, B. Riley Securities upgraded the previous rating of Neutral to Buy. In the first quarter, Zynex showed an EPS of $0.02, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $24.94 and a 52-week-low of $12.53. At the end of the last trading period, Zynex closed at $15.19.
• Stifel upgraded the previous rating for NOW Inc DNOW from Hold to Buy. For the first quarter, NOW had an EPS of $0.04, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $11.98 and a 52-week-low of $4.03. NOW closed at $8.94 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

• Wolfe Research downgraded the previous rating for MPLX LP MPLX from Outperform to Peer Perform. For the first quarter, MPLX had an EPS of $0.68, compared to year-ago quarter EPS of $0.53. The current stock performance of MPLX shows a 52-week-high of $31.40 and a 52-week-low of $15.04. Moreover, at the end of the last trading period, the closing price was at $27.96.
• According to B. Riley Securities, the prior rating for GP Strategies Corp GPX was changed from Buy to Neutral. In the first quarter, GP Strategies showed an EPS of $0.24, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $20.50 and a 52-week-low of $7.23. At the end of the last trading period, GP Strategies closed at $19.95.
• For AT&T Inc T, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the first quarter, AT&T showed an EPS of $0.86, compared to $0.89 from the year-ago quarter. The stock has a 52-week-high of $33.88 and a 52-week-low of $26.35. At the end of the last trading period, AT&T closed at $28.43.
• For Dow Inc DOW, B of A Securities downgraded the previous rating of Neutral to Underperform. Dow earned $1.36 in the first quarter, compared to $0.59 in the year-ago quarter. The stock has a 52-week-high of $71.38 and a 52-week-low of $39.90. At the end of the last trading period, Dow closed at $61.91.
• For LyondellBasell Industries NV LYB, B of A Securities downgraded the previous rating of Buy to Neutral. In the first quarter, LyondellBasell Industries showed an EPS of $3.18, compared to $1.47 from the year-ago quarter. The current stock performance of LyondellBasell Industries shows a 52-week-high of $118.02 and a 52-week-low of $61.52. Moreover, at the end of the last trading period, the closing price was at $101.00.
• For FibroGen Inc FGEN, B of A Securities downgraded the previous rating of Buy to Neutral. In the first quarter, FibroGen showed an EPS of $0.78, compared to $0.89 from the year-ago quarter. The current stock performance of FibroGen shows a 52-week-high of $57.21 and a 52-week-low of $15.01. Moreover, at the end of the last trading period, the closing price was at $24.84.
• For Domtar Corp UFS, BMO Capital downgraded the previous rating of Outperform to Market Perform. Domtar earned $0.09 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Domtar shows a 52-week-high of $55.48 and a 52-week-low of $20.30. Moreover, at the end of the last trading period, the closing price was at $54.69.
• Truist Securities downgraded the previous rating for SciPlay Corp SCPL from Buy to Hold. SciPlay earned $0.21 in the first quarter, compared to $0.19 in the year-ago quarter. The current stock performance of SciPlay shows a 52-week-high of $21.74 and a 52-week-low of $11.76. Moreover, at the end of the last trading period, the closing price was at $16.98.
• For Zoetis Inc ZTS, Raymond James downgraded the previous rating of Outperform to Market Perform. Zoetis earned $1.26 in the first quarter, compared to $0.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $202.04 and a 52-week-low of $141.04. Zoetis closed at $200.24 at the end of the last trading period.
• For Tencent Music Entertainment Group TME, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Tencent Music Enter Gr earned $0.11 in the first quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $32.25 and a 52-week-low of $12.08. At the end of the last trading period, Tencent Music Enter Gr closed at $12.40.

See all analyst ratings downgrades.

Initiations

• BTIG initiated coverage on CryoPort Inc CYRX with a Buy rating. The price target for CryoPort is set to $80.00. In the first quarter, CryoPort showed an EPS of $0.13, compared to $0.11 from the year-ago quarter. The current stock performance of CryoPort shows a 52-week-high of $84.97 and a 52-week-low of $30.64. Moreover, at the end of the last trading period, the closing price was at $53.81.
• William Blair initiated coverage on Ncino Inc NCNO with an Outperform rating. Ncino earned $0.04 in the first quarter. The current stock performance of Ncino shows a 52-week-high of $103.95 and a 52-week-low of $48.00. Moreover, at the end of the last trading period, the closing price was at $63.63.
• With a Neutral rating, UBS initiated coverage on Anika Therapeutics Inc ANIK. The price target seems to have been set at $46.00 for Anika Therapeutics. In the first quarter, Anika Therapeutics showed an EPS of $0.06, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $48.37 and a 52-week-low of $32.04. Anika Therapeutics closed at $40.78 at the end of the last trading period.
• Raymond James initiated coverage on Darling Ingredients Inc DAR with a Strong Buy rating. The price target for Darling Ingredients is set to $95.00. For the first quarter, Darling Ingredients had an EPS of $0.91, compared to year-ago quarter EPS of $0.51. The stock has a 52-week-high of $79.65 and a 52-week-low of $25.06. At the end of the last trading period, Darling Ingredients closed at $67.37.
• With a Buy rating, Needham initiated coverage on SkyWater Technology Inc SKYT. The price target seems to have been set at $40.00 for SkyWater Technology. SkyWater Technology earned $0.07 in the first quarter. At the moment, the stock has a 52-week-high of $34.43 and a 52-week-low of $14.25. SkyWater Technology closed at $24.16 at the end of the last trading period.
• Benchmark initiated coverage on Danaher Corp DHR with a Buy rating. The price target for Danaher is set to $330.00. Danaher earned $2.52 in the first quarter, compared to $1.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $281.59 and a 52-week-low of $184.88. Danaher closed at $280.95 at the end of the last trading period.
• Benchmark initiated coverage on Thermo Fisher Scientific Inc TMO with a Buy rating. The price target for Thermo Fisher Scientific is set to $580.00. Thermo Fisher Scientific earned $7.21 in the first quarter, compared to $2.94 in the year-ago quarter. At the moment, the stock has a 52-week-high of $532.57 and a 52-week-low of $387.85. Thermo Fisher Scientific closed at $514.48 at the end of the last trading period.
• With a Buy rating, DA Davidson initiated coverage on NextGen Acquisition Corp NGAC. The price target seems to have been set at $19.00 for NextGen Acquisition. The stock has a 52-week-high of $16.00 and a 52-week-low of $9.70. At the end of the last trading period, NextGen Acquisition closed at $9.95.
• Truist Securities initiated coverage on Antares Pharma Inc ATRS with a Buy rating. The price target for Antares Pharma is set to $7.00. For the first quarter, Antares Pharma had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $5.07 and a 52-week-low of $2.55. Antares Pharma closed at $4.12 at the end of the last trading period.
• BNP Paribas initiated coverage on Wayfair Inc W with an Outperform rating. The price target for Wayfair is set to $400.00. For the first quarter, Wayfair had an EPS of $1.00, compared to year-ago quarter EPS of $2.30. The stock has a 52-week-high of $369.00 and a 52-week-low of $208.51. At the end of the last trading period, Wayfair closed at $286.72.
• With a Neutral rating, BNP Paribas initiated coverage on Williams-Sonoma Inc WSM. The price target seems to have been set at $179.00 for Williams-Sonoma. Williams-Sonoma earned $2.93 in the first quarter, compared to $0.74 in the year-ago quarter. The current stock performance of Williams-Sonoma shows a 52-week-high of $194.69 and a 52-week-low of $80.99. Moreover, at the end of the last trading period, the closing price was at $157.94.
• With an Outperform rating, BNP Paribas initiated coverage on Chewy Inc CHWY. The price target seems to have been set at $101.00 for Chewy. For the first quarter, Chewy had an EPS of $0.09, compared to year-ago quarter EPS of $0.12. The current stock performance of Chewy shows a 52-week-high of $120.00 and a 52-week-low of $45.25. Moreover, at the end of the last trading period, the closing price was at $77.49.
• Deutsche Bank initiated coverage on Global Ship Lease Inc GSL with a Buy rating. The price target for Global Ship Lease is set to $23.00. In the first quarter, Global Ship Lease showed an EPS of $0.49, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.02 and a 52-week-low of $4.04. Global Ship Lease closed at $16.93 at the end of the last trading period.
• With a Neutral rating, Goldman Sachs initiated coverage on Liberty Formula One Group FWONK. The price target seems to have been set at $48.00 for Liberty Formula One Group. Interestingly, in the first quarter, Liberty Formula One Group's EPS was $0.20. The current stock performance of Liberty Formula One Group shows a 52-week-high of $50.37 and a 52-week-low of $33.74. Moreover, at the end of the last trading period, the closing price was at $48.13.
• With a Buy rating, Goldman Sachs initiated coverage on iHeartMedia Inc IHRT. The price target seems to have been set at $32.00 for iHeartMedia. For the first quarter, iHeartMedia had an EPS of $1.73, compared to year-ago quarter EPS of $0.70. The stock has a 52-week-high of $28.24 and a 52-week-low of $7.10. At the end of the last trading period, iHeartMedia closed at $24.49.
• Goldman Sachs initiated coverage on Live Nation Entertainment Inc LYV with a Buy rating. The price target for Live Nation Entertainment is set to $110.00. Live Nation Entertainment earned $1.44 in the first quarter, compared to $0.94 in the year-ago quarter. The current stock performance of Live Nation Entertainment shows a 52-week-high of $94.63 and a 52-week-low of $44.95. Moreover, at the end of the last trading period, the closing price was at $79.93.
• Morgan Stanley initiated coverage on Maxar Technologies Inc MAXR with an Overweight rating. The price target for Maxar Technologies is set to $50.00. Maxar Technologies earned $0.23 in the first quarter, compared to $0.27 in the year-ago quarter. The current stock performance of Maxar Technologies shows a 52-week-high of $58.75 and a 52-week-low of $15.60. Moreover, at the end of the last trading period, the closing price was at $33.12.
• With a Equal-Weight rating, Wells Fargo initiated coverage on Owens-Corning Inc OC. The price target seems to have been set at $102.00 for Owens-Corning. For the first quarter, Owens-Corning had an EPS of $1.73, compared to year-ago quarter EPS of $0.60. The current stock performance of Owens-Corning shows a 52-week-high of $109.89 and a 52-week-low of $57.38. Moreover, at the end of the last trading period, the closing price was at $92.96.
• With a Equal-Weight rating, Wells Fargo initiated coverage on Fortune Brands Home & Security Inc FBHS. The price target seems to have been set at $105.00 for Fortune Brands Home. In the first quarter, Fortune Brands Home showed an EPS of $1.36, compared to $0.81 from the year-ago quarter. The current stock performance of Fortune Brands Home shows a 52-week-high of $114.00 and a 52-week-low of $66.74. Moreover, at the end of the last trading period, the closing price was at $96.48.
• Wells Fargo initiated coverage on Beacon Roofing Supply Inc BECN with a Equal-Weight rating. The price target for Beacon Roofing Supply is set to $58.00. Beacon Roofing Supply earned $0.32 in the second quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Beacon Roofing Supply shows a 52-week-high of $60.93 and a 52-week-low of $26.52. Moreover, at the end of the last trading period, the closing price was at $53.29.
• Wells Fargo initiated coverage on Mohawk Industries Inc MHK with a Equal-Weight rating. The price target for Mohawk Industries is set to $213.00. In the first quarter, Mohawk Industries showed an EPS of $3.49, compared to $1.66 from the year-ago quarter. The current stock performance of Mohawk Industries shows a 52-week-high of $231.80 and a 52-week-low of $75.17. Moreover, at the end of the last trading period, the closing price was at $190.79.
• With an Overweight rating, Wells Fargo initiated coverage on Masco Corp MAS. The price target seems to have been set at $68.00 for Masco. Masco earned $0.89 in the first quarter, compared to $0.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.54 and a 52-week-low of $51.21. Masco closed at $58.58 at the end of the last trading period.
• With an Outperform rating, Raymond James initiated coverage on Renewable Energy Group Inc REGI. The price target seems to have been set at $72.00 for Renewable Energy Gr. In the first quarter, Renewable Energy Gr showed an EPS of $0.88, compared to $1.72 from the year-ago quarter. The current stock performance of Renewable Energy Gr shows a 52-week-high of $117.00 and a 52-week-low of $23.65. Moreover, at the end of the last trading period, the closing price was at $63.42.
• Wells Fargo initiated coverage on JELD-WEN Holding Inc JELD with an Overweight rating. The price target for JELD-WEN Holding is set to $30.00. JELD-WEN Holding earned $0.27 in the first quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $31.47 and a 52-week-low of $17.11. At the end of the last trading period, JELD-WEN Holding closed at $24.52.
• Oppenheimer initiated coverage on PLAYSTUDIOS Inc MYPS with an Outperform rating. The price target for PLAYSTUDIOS is set to $11.00. The stock has a 52-week-high of $8.62 and a 52-week-low of $6.03. At the end of the last trading period, PLAYSTUDIOS closed at $6.36.
• Oppenheimer initiated coverage on Nkarta Inc NKTX with an Outperform rating. The price target for Nkarta is set to $75.00. For the first quarter, Nkarta had an EPS of $0.59, compared to year-ago quarter EPS of $5.41. The stock has a 52-week-high of $79.16 and a 52-week-low of $22.46. At the end of the last trading period, Nkarta closed at $29.98.

See all analyst ratings initiations.