Benzinga's Top Ratings Upgrades, Downgrades For December 6, 2021

Upgrades

• According to TD Securities, the prior rating for MAG Silver Corp MAG was changed from Hold to Speculative Buy. For the third quarter, MAG Silver had an EPS of $0.02, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $24.43 and a 52-week-low of $14.15. MAG Silver closed at $15.10 at the end of the last trading period.
• R5 Capital upgraded the previous rating for Best Buy Co Inc BBY from Hold to Buy. Best Buy Co earned $2.08 in the third quarter, compared to $2.06 in the year-ago quarter. The stock has a 52-week-high of $141.97 and a 52-week-low of $95.93. At the end of the last trading period, Best Buy Co closed at $105.87.
• According to Mizuho, the prior rating for Southern Co SO was changed from Underperform to Neutral. In the third quarter, Southern showed an EPS of $1.23, compared to $1.22 from the year-ago quarter. The current stock performance of Southern shows a 52-week-high of $67.54 and a 52-week-low of $56.69. Moreover, at the end of the last trading period, the closing price was at $62.83.
• Wedbush upgraded the previous rating for Petco Health and Wellness Co Inc WOOF from Neutral to Outperform. The stock has a 52-week-high of $31.08 and a 52-week-low of $17.82. At the end of the last trading period, Petco Health and Wellness closed at $18.43.
• According to Citigroup, the prior rating for Electronic Arts Inc EA was changed from Neutral to Buy. In the second quarter, Electronic Arts showed an EPS of $1.58, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $150.30 and a 52-week-low of $120.08. Electronic Arts closed at $125.27 at the end of the last trading period.
• For Wells Fargo & Co WFC, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. Wells Fargo earned $1.17 in the third quarter, compared to $0.42 in the year-ago quarter. The current stock performance of Wells Fargo shows a 52-week-high of $52.56 and a 52-week-low of $28.40. Moreover, at the end of the last trading period, the closing price was at $47.75.
• HSBC upgraded the previous rating for Meta Platforms Inc FB from Reduce to Hold. Meta Platforms earned $3.22 in the third quarter, compared to $2.40 in the year-ago quarter. The current stock performance of Meta Platforms shows a 52-week-high of $384.33 and a 52-week-low of $244.61. Moreover, at the end of the last trading period, the closing price was at $306.84.
• Evercore ISI Group upgraded the previous rating for Spirit Airlines Inc SAVE from In-Line to Outperform. Spirit Airlines earned $0.69 in the third quarter, compared to $2.32 in the year-ago quarter. The current stock performance of Spirit Airlines shows a 52-week-high of $40.77 and a 52-week-low of $19.52. Moreover, at the end of the last trading period, the closing price was at $21.49.
• According to Evercore ISI Group, the prior rating for American Airlines Group Inc AAL was changed from Underperform to In-Line. In the third quarter, American Airlines Group showed an EPS of $0.99, compared to $5.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.09 and a 52-week-low of $14.71. American Airlines Group closed at $16.62 at the end of the last trading period.
• Cowen & Co. upgraded the previous rating for Boston Beer Co Inc SAM from Underperform to Market Perform. For the third quarter, Boston Beer Co had an EPS of $2.97, compared to year-ago quarter EPS of $6.51. The stock has a 52-week-high of $1349.98 and a 52-week-low of $435.12. At the end of the last trading period, Boston Beer Co closed at $460.40.
• For Beacon Roofing Supply Inc BECN, Raymond James upgraded the previous rating of Market Perform to Outperform. Beacon Roofing Supply earned $1.78 in the fourth quarter, compared to $1.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $60.93 and a 52-week-low of $36.33. Beacon Roofing Supply closed at $52.43 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for Goldman Sachs Group Inc GS was changed from Underweight to Equal-Weight. In the third quarter, Goldman Sachs Group showed an EPS of $14.93, compared to $8.98 from the year-ago quarter. The current stock performance of Goldman Sachs Group shows a 52-week-high of $426.16 and a 52-week-low of $234.64. Moreover, at the end of the last trading period, the closing price was at $382.73.
• According to Macquarie, the prior rating for ResMed Inc RMD was changed from Neutral to Outperform. For the first quarter, ResMed had an EPS of $1.51, compared to year-ago quarter EPS of $1.27. The stock has a 52-week-high of $301.34 and a 52-week-low of $179.37. At the end of the last trading period, ResMed closed at $254.78.
• According to Morgan Stanley, the prior rating for SVB Financial Group SIVB was changed from Equal-Weight to Overweight. For the third quarter, SVB Finl Gr had an EPS of $6.24, compared to year-ago quarter EPS of $8.47. At the moment, the stock has a 52-week-high of $763.22 and a 52-week-low of $337.83. SVB Finl Gr closed at $674.57 at the end of the last trading period.
• Wells Fargo upgraded the previous rating for Edwards Lifesciences Corp EW from Equal-Weight to Overweight. For the third quarter, Edwards Lifesciences had an EPS of $0.54, compared to year-ago quarter EPS of $0.51. The stock has a 52-week-high of $123.27 and a 52-week-low of $78.44. At the end of the last trading period, Edwards Lifesciences closed at $108.48.
• For The Home Depot Inc HD, Oppenheimer upgraded the previous rating of Perform to Outperform. For the third quarter, Home Depot had an EPS of $3.92, compared to year-ago quarter EPS of $3.18. At the moment, the stock has a 52-week-high of $416.56 and a 52-week-low of $246.59. Home Depot closed at $407.81 at the end of the last trading period.
• According to Baird, the prior rating for Hibbett Inc HIBB was changed from Neutral to Outperform. For the third quarter, Hibbett had an EPS of $1.68, compared to year-ago quarter EPS of $1.45. The current stock performance of Hibbett shows a 52-week-high of $101.65 and a 52-week-low of $41.70. Moreover, at the end of the last trading period, the closing price was at $69.08.
• Deutsche Bank upgraded the previous rating for Lennox International Inc LII from Hold to Buy. For the third quarter, Lennox International had an EPS of $3.40, compared to year-ago quarter EPS of $3.53. The current stock performance of Lennox International shows a 52-week-high of $356.36 and a 52-week-low of $266.77. Moreover, at the end of the last trading period, the closing price was at $316.04.
• Piper Sandler upgraded the previous rating for Steven Madden Ltd SHOO from Neutral to Overweight. Steven Madden earned $0.82 in the third quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $51.56 and a 52-week-low of $32.10. Steven Madden closed at $46.03 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

• For Seagate Technology Holdings PLC STX, Fox Advisors downgraded the previous rating of Overweight to Equal-Weight. For the first quarter, Seagate Tech Hldgs had an EPS of $2.35, compared to year-ago quarter EPS of $0.93. The current stock performance of Seagate Tech Hldgs shows a 52-week-high of $116.93 and a 52-week-low of $58.04. Moreover, at the end of the last trading period, the closing price was at $105.41.
• For Bank of New York Mellon Corp BK, Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. In the third quarter, Bank of New York Mellon showed an EPS of $1.04, compared to $0.98 from the year-ago quarter. The stock has a 52-week-high of $60.52 and a 52-week-low of $39.45. At the end of the last trading period, Bank of New York Mellon closed at $54.88.
• For New York Times Co NYT, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. New York Times earned $0.23 in the third quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $58.73 and a 52-week-low of $39.73. At the end of the last trading period, New York Times closed at $47.47.
• Wolfe Research downgraded the previous rating for DocuSign Inc DOCU from Outperform to Peer Perform. In the third quarter, DocuSign showed an EPS of $0.58, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $314.76 and a 52-week-low of $131.51. DocuSign closed at $135.09 at the end of the last trading period.
• For Chewy Inc CHWY, Wedbush downgraded the previous rating of Outperform to Neutral. In the second quarter, Chewy showed an EPS of $0.04, compared to $0.08 from the year-ago quarter. The current stock performance of Chewy shows a 52-week-high of $120.00 and a 52-week-low of $60.25. Moreover, at the end of the last trading period, the closing price was at $62.69.
• Morgan Stanley downgraded the previous rating for Citigroup Inc C from Overweight to Equal-Weight. For the third quarter, Citigroup had an EPS of $2.15, compared to year-ago quarter EPS of $1.40. At the moment, the stock has a 52-week-high of $80.29 and a 52-week-low of $56.20. Citigroup closed at $62.76 at the end of the last trading period.
• According to Bernstein, the prior rating for GrubHub Inc GRUB was changed from Outperform to Market Perform. For the first quarter, GrubHub had an EPS of $0.56, compared to year-ago quarter EPS of $0.00. At the moment, the stock has a 52-week-high of $83.71 and a 52-week-low of $11.40. GrubHub closed at $11.61 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for PNC Financial Services Group Inc PNC was changed from Equal-Weight to Underweight. For the third quarter, PNC Financial Services Gr had an EPS of $3.75, compared to year-ago quarter EPS of $3.39. The current stock performance of PNC Financial Services Gr shows a 52-week-high of $217.60 and a 52-week-low of $139.30. Moreover, at the end of the last trading period, the closing price was at $197.73.
• For Novartis AG NVS, Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. Novartis earned $1.71 in the third quarter, compared to $1.52 in the year-ago quarter. The current stock performance of Novartis shows a 52-week-high of $98.52 and a 52-week-low of $79.34. Moreover, at the end of the last trading period, the closing price was at $80.00.

See all analyst ratings downgrades.

Initiations

• UBS initiated coverage on Wallbox NV WBX with a Buy rating. The price target for Wallbox is set to $25.00.
• Morgan Stanley initiated coverage on CI&T Inc CINT with an Overweight rating. The price target for CI&T is set to $17.00.
• EF Hutton initiated coverage on AMMO Inc POWW with a Buy rating. The price target for AMMO is set to $11.00. The stock has a 52-week-high of $10.37 and a 52-week-low of $2.25. At the end of the last trading period, AMMO closed at $5.43.
• With an Overweight rating, Morgan Stanley initiated coverage on Rivian Automotive Inc RIVN. The price target seems to have been set at $147.00 for Rivian Automotive.
• For Backblaze Inc BLZE, William Blair initiated coverage, by setting the current rating at Outperform.
• Loop Capital initiated coverage on Weave Communications Inc WEAV with a Buy rating. The price target for Weave Communications is set to $22.00.
• Stifel initiated coverage on Custom Truck One Source Inc CTOS with a Buy rating. The price target for Custom Truck One Source is set to $10.00. In the third quarter, Custom Truck One Source showed an EPS of $0.08, compared to $0.31 from the year-ago quarter. The current stock performance of Custom Truck One Source shows a 52-week-high of $11.36 and a 52-week-low of $6.09. Moreover, at the end of the last trading period, the closing price was at $7.22.
• With a Buy rating, Goldman Sachs initiated coverage on CI&T Inc CINT. The price target seems to have been set at $23.00 for CI&T.
• JMP Securities initiated coverage on Expensify Inc EXFY with a Market Outperform rating. The price target for Expensify is set to $27.00.
• With an Overweight rating, Barclays initiated coverage on Hertz Global Holdings Inc HTZ. The price target seems to have been set at $28.00 for Hertz Global Holdings.
• Goldman Sachs initiated coverage on Regeneron Pharmaceuticals Inc REGN with a Buy rating. The price target for Regeneron Pharmaceuticals is set to $824.00. For the third quarter, Regeneron Pharmaceuticals had an EPS of $15.37, compared to year-ago quarter EPS of $8.36. At the moment, the stock has a 52-week-high of $686.62 and a 52-week-low of $441.00. Regeneron Pharmaceuticals closed at $635.16 at the end of the last trading period.
• With a Buy rating, Goldman Sachs initiated coverage on Amgen Inc AMGN. The price target seems to have been set at $258.00 for Amgen. For the third quarter, Amgen had an EPS of $4.67, compared to year-ago quarter EPS of $4.37. At the moment, the stock has a 52-week-high of $276.69 and a 52-week-low of $198.64. Amgen closed at $202.44 at the end of the last trading period.
• With an Outperform rating, Cowen & Co. initiated coverage on Lulus Fashion Lounge Holdings Inc LVLU. The price target seems to have been set at $21.00 for Lulus Fashion Lounge.
• Goldman Sachs initiated coverage on Gilead Sciences Inc GILD with a Neutral rating. The price target for Gilead Sciences is set to $80.00. In the third quarter, Gilead Sciences showed an EPS of $2.65, compared to $2.11 from the year-ago quarter. The current stock performance of Gilead Sciences shows a 52-week-high of $73.34 and a 52-week-low of $56.56. Moreover, at the end of the last trading period, the closing price was at $69.56.
• Goldman Sachs initiated coverage on Biogen Inc BIIB with a Neutral rating. The price target for Biogen is set to $271.00. For the third quarter, Biogen had an EPS of $4.77, compared to year-ago quarter EPS of $8.84. At the moment, the stock has a 52-week-high of $468.55 and a 52-week-low of $221.72. Biogen closed at $223.92 at the end of the last trading period.
• With a Buy rating, Needham initiated coverage on PAR Technology Corp PAR. The price target seems to have been set at $65.00 for PAR Technology. In the third quarter, PAR Technology showed an EPS of $0.36, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $90.35 and a 52-week-low of $49.85. PAR Technology closed at $51.54 at the end of the last trading period.
• Needham initiated coverage on SEMrush Holdings Inc SEMR with a Buy rating. The price target for SEMrush Hldgs is set to $25.00. At the moment, the stock has a 52-week-high of $32.48 and a 52-week-low of $10.62. SEMrush Hldgs closed at $18.92 at the end of the last trading period.
• Piper Sandler initiated coverage on Expensify Inc EXFY with an Overweight rating. The price target for Expensify is set to $45.00.
• Keybanc initiated coverage on Apple Inc AAPL with an Overweight rating. The price target for Apple is set to $191.00. In the fourth quarter, Apple showed an EPS of $1.24, compared to $0.73 from the year-ago quarter. The stock has a 52-week-high of $170.30 and a 52-week-low of $116.21. At the end of the last trading period, Apple closed at $161.84.

See all analyst ratings initiations.