Benzinga's Top Ratings Upgrades, Downgrades For October 28, 2021

Upgrades

For Boot Barn Holdings Inc BOOT, Craig-Hallum upgraded the previous rating of Hold to Buy. Boot Barn Holdings earned $1.22 in the second quarter, compared to $0.20 in the year-ago quarter. The stock has a 52-week-high of $103.39 and a 52-week-low of $31.21. At the end of the last trading period, Boot Barn Holdings closed at $100.31.
Craig-Hallum upgraded the previous rating for Teradyne Inc TER from Hold to Buy. For the third quarter, Teradyne had an EPS of $1.59, compared to year-ago quarter EPS of $1.18. The current stock performance of Teradyne shows a 52-week-high of $147.90 and a 52-week-low of $85.00. Moreover, at the end of the last trading period, the closing price was at $123.07.
For Norfolk Southern Corp NSC, B of A Securities upgraded the previous rating of Neutral to Buy. In the third quarter, Norfolk Southern showed an EPS of $3.06, compared to $2.51 from the year-ago quarter. The stock has a 52-week-high of $295.14 and a 52-week-low of $196.15. At the end of the last trading period, Norfolk Southern closed at $287.06.
According to Cowen & Co., the prior rating for Teradyne Inc TER was changed from Market Perform to Outperform. Teradyne earned $1.59 in the third quarter, compared to $1.18 in the year-ago quarter. The stock has a 52-week-high of $147.90 and a 52-week-low of $85.00. At the end of the last trading period, Teradyne closed at $123.07.
According to Mizuho, the prior rating for Eversource Energy ES was changed from Underperform to Neutral. For the second quarter, Eversource Energy had an EPS of $0.79, compared to year-ago quarter EPS of $0.76. The stock has a 52-week-high of $96.66 and a 52-week-low of $76.64. At the end of the last trading period, Eversource Energy closed at $85.58.
For First Commonwealth Financial Corp FCF, RBC Capital upgraded the previous rating of Sector Perform to Outperform. First Commonwealth earned $0.36 in the third quarter, compared to $0.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.69 and a 52-week-low of $8.19. First Commonwealth closed at $14.49 at the end of the last trading period.
Credit Suisse upgraded the previous rating for PACCAR Inc PCAR from Neutral to Outperform. PACCAR earned $1.08 in the third quarter, compared to $1.11 in the year-ago quarter. The current stock performance of PACCAR shows a 52-week-high of $103.19 and a 52-week-low of $77.96. Moreover, at the end of the last trading period, the closing price was at $85.77.
For InflaRx NV IFRX, Raymond James upgraded the previous rating of Outperform to Strong Buy. InflaRx earned $0.40 in the second quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.88 and a 52-week-low of $2.23. InflaRx closed at $2.86 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Capital One, the prior rating for Matador Resources Co MTDR was changed from Overweight to Equal-Weight. Matador Resources earned $1.25 in the third quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $47.23 and a 52-week-low of $6.29. At the end of the last trading period, Matador Resources closed at $43.63.
For Brightcove Inc BCOV, Northland Capital Markets downgraded the previous rating of Outperform to Market Perform. In the third quarter, Brightcove showed an EPS of $0.05, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $25.26 and a 52-week-low of $10.76. At the end of the last trading period, Brightcove closed at $11.86.
According to Northcoast Research, the prior rating for Motorola Solutions Inc MSI was changed from Buy to Neutral. For the second quarter, Motorola Solutions had an EPS of $2.07, compared to year-ago quarter EPS of $1.39. At the moment, the stock has a 52-week-high of $251.45 and a 52-week-low of $156.30. Motorola Solutions closed at $250.05 at the end of the last trading period.
B of A Securities downgraded the previous rating for Avis Budget Group Inc CAR from Buy to Neutral. In the second quarter, Avis Budget Gr showed an EPS of $5.90, compared to $5.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $181.25 and a 52-week-low of $28.20. Avis Budget Gr closed at $165.99 at the end of the last trading period.
According to B of A Securities, the prior rating for BJ's Wholesale Club Holdings Inc BJ was changed from Buy to Neutral. For the second quarter, BJ's Wholesale Club had an EPS of $0.82, compared to year-ago quarter EPS of $0.77. The current stock performance of BJ's Wholesale Club shows a 52-week-high of $61.79 and a 52-week-low of $36.07. Moreover, at the end of the last trading period, the closing price was at $59.12.
For Teva Pharmaceutical Industries Ltd TEVA, Raymond James downgraded the previous rating of Outperform to Market Perform. Teva Pharmaceutical Indus earned $0.59 in the third quarter, compared to $0.58 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.30 and a 52-week-low of $8.24. Teva Pharmaceutical Indus closed at $8.93 at the end of the last trading period.
Oppenheimer downgraded the previous rating for Aurinia Pharmaceuticals Inc AUPH from Outperform to Perform. Aurinia Pharmaceuticals earned $0.37 in the second quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Aurinia Pharmaceuticals shows a 52-week-high of $30.95 and a 52-week-low of $9.72. Moreover, at the end of the last trading period, the closing price was at $29.92.
According to JMP Securities, the prior rating for AGNC Investment Corp AGNC was changed from Market Outperform to Market Perform. In the third quarter, AGNC Investment showed an EPS of $0.75, compared to $1.28 from the year-ago quarter. The stock has a 52-week-high of $18.84 and a 52-week-low of $13.71. At the end of the last trading period, AGNC Investment closed at $16.37.
For Elanco Animal Health Inc ELAN, Stifel downgraded the previous rating of Buy to Hold. In the second quarter, Elanco Animal Health showed an EPS of $0.28, compared to $0.09 from the year-ago quarter. The current stock performance of Elanco Animal Health shows a 52-week-high of $37.49 and a 52-week-low of $26.72. Moreover, at the end of the last trading period, the closing price was at $33.31.
Credit Suisse downgraded the previous rating for Phillips 66 Partners LP PSXP from Outperform to Neutral. Phillips 66 Partners earned $0.91 in the second quarter, compared to $1.05 in the year-ago quarter. The stock has a 52-week-high of $42.17 and a 52-week-low of $22.25. At the end of the last trading period, Phillips 66 Partners closed at $39.31.
According to B of A Securities, the prior rating for Sherwin-Williams Co SHW was changed from Buy to Neutral. In the third quarter, Sherwin-Williams showed an EPS of $2.09, compared to $2.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $768.00 and a 52-week-low of $244.67. Sherwin-Williams closed at $317.38 at the end of the last trading period.
For CVR Energy Inc CVI, Credit Suisse downgraded the previous rating of Neutral to Underperform. CVR Energy earned $0.32 in the second quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.02 and a 52-week-low of $9.81. CVR Energy closed at $19.67 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Equal-Weight rating, Morgan Stanley initiated coverage on BRP Group Inc BRP. The price target seems to have been set at $43.00 for BRP Group. BRP Group earned $0.14 in the second quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $40.82 and a 52-week-low of $22.79. At the end of the last trading period, BRP Group closed at $36.93.
Raymond James initiated coverage on Loop Industries Inc LOOP with an Outperform rating. The price target for Loop Industries is set to $19.50. Loop Industries earned $0.19 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.20 and a 52-week-low of $5.70. Loop Industries closed at $13.75 at the end of the last trading period.
Bernstein initiated coverage on NIO Inc NIO with a Market Perform rating. The price target for NIO is set to $45.00. For the second quarter, NIO had an EPS of $0.03, compared to year-ago quarter EPS of $0.15. The current stock performance of NIO shows a 52-week-high of $66.99 and a 52-week-low of $26.03. Moreover, at the end of the last trading period, the closing price was at $39.31.
Bernstein initiated coverage on Li Auto Inc LI with an Outperform rating. The price target for Li Auto is set to $43.00. In the second quarter, Li Auto earned $0.01. The stock has a 52-week-high of $47.70 and a 52-week-low of $15.98. At the end of the last trading period, Li Auto closed at $32.67.
Bernstein initiated coverage on XPeng Inc XPEV with an Outperform rating. The price target for XPeng is set to $56.00. XPeng earned $0.21 in the second quarter. At the moment, the stock has a 52-week-high of $74.49 and a 52-week-low of $18.50. XPeng closed at $45.90 at the end of the last trading period.
With an Outperform rating, RBC Capital initiated coverage on Xenon Pharmaceuticals Inc XENE. The price target seems to have been set at $43.00 for Xenon Pharmaceuticals. Xenon Pharmaceuticals earned $0.51 in the second quarter, compared to $0.00 in the year-ago quarter. The current stock performance of Xenon Pharmaceuticals shows a 52-week-high of $34.87 and a 52-week-low of $9.32. Moreover, at the end of the last trading period, the closing price was at $30.09.
Jefferies initiated coverage on Grindrod Shipping Holdings Ltd GRIN with a Buy rating. The price target for Grindrod Shipping Hldgs is set to $20.00. In the second quarter, Grindrod Shipping Hldgs earned $0.95. At the moment, the stock has a 52-week-high of $19.49 and a 52-week-low of $3.22. Grindrod Shipping Hldgs closed at $13.90 at the end of the last trading period.
Wolfe Research initiated coverage on Summit Materials Inc SUM with an Outperform rating. The price target for Summit Materials is set to $45.00. Summit Materials earned $0.49 in the second quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $37.12 and a 52-week-low of $15.44. At the end of the last trading period, Summit Materials closed at $34.74.