Benzinga's Top Ratings Upgrades, Downgrades For March 22, 2022

Upgrades

For Procter & Gamble Co PG, Truist Securities upgraded the previous rating of Hold to Buy. For the second quarter, Procter & Gamble had an EPS of $1.66, compared to year-ago quarter EPS of $1.64. At the moment, the stock has a 52-week-high of $165.35 and a 52-week-low of $127.90. Procter & Gamble closed at $150.72 at the end of the last trading period.

B of A Securities upgraded the previous rating for Univar Solutions Inc UNVR from Underperform to Buy. Univar Solns earned $0.60 in the fourth quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $33.38 and a 52-week-low of $19.92. At the end of the last trading period, Univar Solns closed at $32.47.

Raymond James upgraded the previous rating for Manhattan Associates Inc MANH from Market Perform to Outperform. Manhattan Associates earned $0.48 in the fourth quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Manhattan Associates shows a 52-week-high of $188.52 and a 52-week-low of $113.09. Moreover, at the end of the last trading period, the closing price was at $138.13.

According to B of A Securities, the prior rating for Ecolab Inc ECL was changed from Neutral to Buy. In the fourth quarter, Ecolab showed an EPS of $1.28, compared to $1.23 from the year-ago quarter. The current stock performance of Ecolab shows a 52-week-high of $238.93 and a 52-week-low of $154.85. Moreover, at the end of the last trading period, the closing price was at $170.72.

According to B of A Securities, the prior rating for Sherwin-Williams Co SHW was changed from Neutral to Buy. Sherwin-Williams earned $1.34 in the fourth quarter, compared to $1.70 in the year-ago quarter. At the moment, the stock has a 52-week-high of $768.00 and a 52-week-low of $233.32. Sherwin-Williams closed at $245.82 at the end of the last trading period.

Barclays upgraded the previous rating for Cronos Group Inc CRON from Underweight to Equal-Weight. Cronos Group earned $0.36 in the fourth quarter, compared to $0.31 in the year-ago quarter. The current stock performance of Cronos Group shows a 52-week-high of $10.26 and a 52-week-low of $2.96. Moreover, at the end of the last trading period, the closing price was at $3.58.

For Altria Group Inc MO, Goldman Sachs upgraded the previous rating of Neutral to Buy. Altria Group earned $1.09 in the fourth quarter, compared to $0.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.84 and a 52-week-low of $42.53. Altria Group closed at $52.25 at the end of the last trading period.

Stifel upgraded the previous rating for Helios Technologies Inc HLIO from Hold to Buy. Helios Technologies earned $1.01 in the fourth quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $114.89 and a 52-week-low of $67.29. Helios Technologies closed at $76.34 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Monness, Crespi, Hardt downgraded the previous rating for Anaplan Inc PLAN from Buy to Neutral. For the fourth quarter, Anaplan had an EPS of $0.11, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $70.25 and a 52-week-low of $39.92. At the end of the last trading period, Anaplan closed at $64.60.

B of A Securities downgraded the previous rating for FMC Corp FMC from Buy to Underperform. In the fourth quarter, FMC showed an EPS of $2.16, compared to $1.42 from the year-ago quarter. The current stock performance of FMC shows a 52-week-high of $131.54 and a 52-week-low of $87.27. Moreover, at the end of the last trading period, the closing price was at $131.40.

According to Guggenheim, the prior rating for ORIC Pharmaceuticals Inc ORIC was changed from Buy to Neutral. In the fourth quarter, ORIC Pharmaceuticals showed an EPS of $0.58, compared to $0.84 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.29 and a 52-week-low of $5.83. ORIC Pharmaceuticals closed at $6.68 at the end of the last trading period.

According to UBS, the prior rating for Anaplan Inc PLAN was changed from Buy to Neutral. For the fourth quarter, Anaplan had an EPS of $0.11, compared to year-ago quarter EPS of $0.07. The current stock performance of Anaplan shows a 52-week-high of $70.25 and a 52-week-low of $39.92. Moreover, at the end of the last trading period, the closing price was at $64.60.

Redburn Partners downgraded the previous rating for CRH PLC CRH from Buy to Neutral. The stock has a 52-week-high of $54.54 and a 52-week-low of $38.08. At the end of the last trading period, CRH closed at $44.65.

For AnaptysBio Inc ANAB, Guggenheim downgraded the previous rating of Buy to Neutral. For the fourth quarter, AnaptysBio had an EPS of $1.13, compared to year-ago quarter EPS of $1.20. The stock has a 52-week-high of $37.89 and a 52-week-low of $19.40. At the end of the last trading period, AnaptysBio closed at $26.50.

According to B of A Securities, the prior rating for TravelCenters Of America Inc TA was changed from Buy to Neutral. For the fourth quarter, TravelCenters Of America had an EPS of $0.89, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $64.58 and a 52-week-low of $24.10. TravelCenters Of America closed at $44.05 at the end of the last trading period.

According to Truist Securities, the prior rating for Keurig Dr Pepper Inc KDP was changed from Buy to Hold. In the fourth quarter, Keurig Dr Pepper showed an EPS of $0.45, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.35 and a 52-week-low of $32.44. Keurig Dr Pepper closed at $37.78 at the end of the last trading period.

For Pinduoduo Inc PDD, Nomura Instinet downgraded the previous rating of Buy to Neutral. In the fourth quarter, Pinduoduo showed an EPS of $0.92, compared to $0.02 from the year-ago quarter. The current stock performance of Pinduoduo shows a 52-week-high of $152.06 and a 52-week-low of $23.21. Moreover, at the end of the last trading period, the closing price was at $39.99.

For ContextLogic Inc WISH, Loop Capital downgraded the previous rating of Buy to Hold. In the fourth quarter, ContextLogic showed an EPS of $0.03, compared to $3.04 from the year-ago quarter. The current stock performance of ContextLogic shows a 52-week-high of $18.22 and a 52-week-low of $1.60. Moreover, at the end of the last trading period, the closing price was at $2.13.

According to Wedbush, the prior rating for Upstart Holdings Inc UPST was changed from Neutral to Underperform. For the fourth quarter, Upstart Hldgs had an EPS of $0.89, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $401.49 and a 52-week-low of $75.15. At the end of the last trading period, Upstart Hldgs closed at $125.85.

B of A Securities downgraded the previous rating for LyondellBasell Industries NV LYB from Neutral to Underperform. For the fourth quarter, LyondellBasell Industries had an EPS of $3.63, compared to year-ago quarter EPS of $2.19. At the moment, the stock has a 52-week-high of $118.02 and a 52-week-low of $84.17. LyondellBasell Industries closed at $104.94 at the end of the last trading period.

Oppenheimer downgraded the previous rating for ORIC Pharmaceuticals Inc ORIC from Outperform to Perform. For the fourth quarter, ORIC Pharmaceuticals had an EPS of $0.58, compared to year-ago quarter EPS of $0.84. The stock has a 52-week-high of $27.29 and a 52-week-low of $5.83. At the end of the last trading period, ORIC Pharmaceuticals closed at $6.68.

For Venator Materials PLC VNTR, B of A Securities downgraded the previous rating of Neutral to Underperform. In the fourth quarter, Venator Materials showed an EPS of $0.05, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $5.85 and a 52-week-low of $1.13. At the end of the last trading period, Venator Materials closed at $1.92.

According to Barclays, the prior rating for Canopy Growth Corp CGC was changed from Equal-Weight to Underweight. At the moment, the stock has a 52-week-high of $34.74 and a 52-week-low of $5.62. Canopy Gwth closed at $7.02 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for Philip Morris International Inc PM from Buy to Neutral. Philip Morris Intl earned $1.35 in the fourth quarter, compared to $1.26 in the year-ago quarter. The stock has a 52-week-high of $112.48 and a 52-week-low of $85.64. At the end of the last trading period, Philip Morris Intl closed at $94.14.

Morgan Stanley downgraded the previous rating for Graphite Bio Inc GRPH from Overweight to Equal-Weight. At the moment, the stock has a 52-week-high of $34.00 and a 52-week-low of $6.64. Graphite Bio closed at $6.89 at the end of the last trading period.

According to B. Riley Securities, the prior rating for Allena Pharmaceuticals Inc ALNA was changed from Buy to Neutral. For the third quarter, Allena Pharmaceuticals had an EPS of $0.17, compared to year-ago quarter EPS of $0.22. The current stock performance of Allena Pharmaceuticals shows a 52-week-high of $1.70 and a 52-week-low of $0.26. Moreover, at the end of the last trading period, the closing price was at $0.28.

Wells Fargo downgraded the previous rating for Anaplan Inc PLAN from Overweight to Equal-Weight. In the fourth quarter, Anaplan showed an EPS of $0.11, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $70.25 and a 52-week-low of $39.92. At the end of the last trading period, Anaplan closed at $64.60.

See all analyst ratings downgrades.

Initiations

With a Market Outperform rating, CJS Securities initiated coverage on Materion Corp MTRN. The price target seems to have been set at $120.00 for Materion. For the fourth quarter, Materion had an EPS of $1.03, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $96.00 and a 52-week-low of $63.88. Materion closed at $87.92 at the end of the last trading period.

With a Buy rating, Citigroup initiated coverage on The AES Corp AES. The price target seems to have been set at $27.00 for AES. In the fourth quarter, AES showed an EPS of $0.45, compared to $0.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.86 and a 52-week-low of $19.76. AES closed at $23.48 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on IVERIC bio Inc ISEE. The price target seems to have been set at $27.00 for IVERIC bio. IVERIC bio earned $0.29 in the fourth quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.32 and a 52-week-low of $5.60. IVERIC bio closed at $15.74 at the end of the last trading period.

With a Sector Perform rating, RBC Capital initiated coverage on Cepton Inc CPTN. The price target seems to have been set at $4.00 for Cepton. The current stock performance of Cepton shows a 52-week-high of $80.16 and a 52-week-low of $3.73. Moreover, at the end of the last trading period, the closing price was at $3.75.

With a Buy rating, EF Hutton initiated coverage on Luxfer Holdings PLC LXFR. The price target seems to have been set at $27.00 for Luxfer Holdings. In the fourth quarter, Luxfer Holdings showed an EPS of $0.28, compared to $0.27 from the year-ago quarter. The current stock performance of Luxfer Holdings shows a 52-week-high of $23.91 and a 52-week-low of $15.34. Moreover, at the end of the last trading period, the closing price was at $19.45.

With a Market Perform rating, Bernstein initiated coverage on Toast Inc TOST. The price target seems to have been set at $19.00 for Toast. The stock has a 52-week-high of $69.93 and a 52-week-low of $15.82. At the end of the last trading period, Toast closed at $20.05.

With a Neutral rating, B of A Securities initiated coverage on APi Group Corp APG. The price target seems to have been set at $23.00 for APi Gr. In the fourth quarter, APi Gr showed an EPS of $0.29, compared to $0.34 from the year-ago quarter. The current stock performance of APi Gr shows a 52-week-high of $26.84 and a 52-week-low of $18.37. Moreover, at the end of the last trading period, the closing price was at $21.24.

With a Buy rating, BTIG initiated coverage on Datadog Inc DDOG. The price target seems to have been set at $175.00 for Datadog. In the fourth quarter, Datadog showed an EPS of $0.20, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $199.68 and a 52-week-low of $69.73. Datadog closed at $140.14 at the end of the last trading period.

With a Buy rating, DA Davidson initiated coverage on Sandy Spring Bancorp Inc SASR. The price target seems to have been set at $61.00 for Sandy Spring Bancorp. Sandy Spring Bancorp earned $1.05 in the fourth quarter, compared to $1.02 in the year-ago quarter. The current stock performance of Sandy Spring Bancorp shows a 52-week-high of $52.04 and a 52-week-low of $39.85. Moreover, at the end of the last trading period, the closing price was at $44.84.

Guggenheim initiated coverage on Eos Energy Enterprises Inc EOSE with a Neutral rating. The current stock performance of Eos Energy Enterprises shows a 52-week-high of $22.08 and a 52-week-low of $2.56. Moreover, at the end of the last trading period, the closing price was at $4.06.

Guggenheim initiated coverage on Energy Vault Holdings Inc NRGV with a Buy rating. The price target for Energy Vault Holdings is set to $22.00. At the moment, the stock has a 52-week-high of $18.57 and a 52-week-low of $8.96. Energy Vault Holdings closed at $13.05 at the end of the last trading period.

With a Buy rating, Guggenheim initiated coverage on Stem Inc STEM. The price target seems to have been set at $16.00 for Stem. The current stock performance of Stem shows a 52-week-high of $37.79 and a 52-week-low of $7.26. Moreover, at the end of the last trading period, the closing price was at $10.73.

Guggenheim initiated coverage on Fluence Energy Inc FLNC with a Neutral rating. The stock has a 52-week-high of $39.40 and a 52-week-low of $9.82. At the end of the last trading period, Fluence Energy closed at $14.17.

With a Buy rating, Guggenheim initiated coverage on ESS Tech Inc GWH. The price target seems to have been set at $10.00 for ESS Tech. In the fourth quarter, ESS Tech showed an EPS of $1.33, compared to $0.41 from the year-ago quarter. The current stock performance of ESS Tech shows a 52-week-high of $28.92 and a 52-week-low of $3.65. Moreover, at the end of the last trading period, the closing price was at $5.24.

See all analyst ratings initiations.