Benzinga's Top Ratings Upgrades, Downgrades For March 23, 2022

Upgrades

For E2open Parent Holdings Inc ETWO, Colliers Securities upgraded the previous rating of Neutral to Buy. At the moment, the stock has a 52-week-high of $14.58 and a 52-week-low of $7.66. E2open Parent Holdings closed at $9.37 at the end of the last trading period.

According to Barclays, the prior rating for ING Groep NV ING was changed from Underweight to Equal-Weight. For the fourth quarter, ING Groep had an EPS of $0.29, compared to year-ago quarter EPS of $0.23. The current stock performance of ING Groep shows a 52-week-high of $15.97 and a 52-week-low of $8.97. Moreover, at the end of the last trading period, the closing price was at $10.69.

According to Morgan Stanley, the prior rating for BP PLC BP was changed from Equal-Weight to Overweight. BP earned $1.23 in the fourth quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $34.16 and a 52-week-low of $22.64. At the end of the last trading period, BP closed at $29.67.

Keybanc upgraded the previous rating for T-Mobile US Inc TMUS from Sector Weight to Overweight. In the fourth quarter, T-Mobile US showed an EPS of $0.34, compared to $0.60 from the year-ago quarter. The current stock performance of T-Mobile US shows a 52-week-high of $150.20 and a 52-week-low of $101.51. Moreover, at the end of the last trading period, the closing price was at $125.69.

See all analyst ratings upgrades.

Downgrades

Northland Capital Markets downgraded the previous rating for GAN Ltd GAN from Outperform to Market Perform. In the fourth quarter, GAN showed an EPS of $0.20, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $28.00 and a 52-week-low of $4.60. At the end of the last trading period, GAN closed at $5.46.

B. Riley Securities downgraded the previous rating for Exela Technologies Inc XELA from Buy to Neutral. For the fourth quarter, Exela Technologies had an EPS of $0.34, compared to year-ago quarter EPS of $1.82. At the moment, the stock has a 52-week-high of $5.45 and a 52-week-low of $0.34. Exela Technologies closed at $0.50 at the end of the last trading period.

For LGI Homes Inc LGIH, BTIG downgraded the previous rating of Neutral to Sell. LGI Homes earned $4.53 in the fourth quarter, compared to $5.18 in the year-ago quarter. The stock has a 52-week-high of $188.00 and a 52-week-low of $110.83. At the end of the last trading period, LGI Homes closed at $120.21.

Raymond James downgraded the previous rating for GDS Holdings Ltd GDS from Strong Buy to Outperform. GDS Holdings earned $0.30 in the fourth quarter, compared to $0.26 in the year-ago quarter. The current stock performance of GDS Holdings shows a 52-week-high of $88.72 and a 52-week-low of $19.83. Moreover, at the end of the last trading period, the closing price was at $39.42.

Loop Capital downgraded the previous rating for Fortune Brands Home & Security Inc FBHS from Buy to Hold. Fortune Brands Home earned $1.32 in the fourth quarter, compared to $1.25 in the year-ago quarter. The stock has a 52-week-high of $114.00 and a 52-week-low of $80.34. At the end of the last trading period, Fortune Brands Home closed at $82.72.

Loop Capital downgraded the previous rating for American Woodmark Corp AMWD from Buy to Hold. For the third quarter, American Woodmark had an EPS of $0.60, compared to year-ago quarter EPS of $1.50. The stock has a 52-week-high of $105.90 and a 52-week-low of $44.01. At the end of the last trading period, American Woodmark closed at $56.19.

For TotalEnergies SE TTE, Deutsche Bank downgraded the previous rating of Buy to Hold. TotalEnergies earned $2.55 in the fourth quarter, compared to $0.46 in the year-ago quarter. The current stock performance of TotalEnergies shows a 52-week-high of $60.03 and a 52-week-low of $40.33. Moreover, at the end of the last trading period, the closing price was at $50.77.

For Eni SpA E, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the fourth quarter, Eni showed an EPS of $1.33, compared to $0.02 from the year-ago quarter. The current stock performance of Eni shows a 52-week-high of $32.56 and a 52-week-low of $21.91. Moreover, at the end of the last trading period, the closing price was at $28.83.

For Terns Pharmaceuticals Inc TERN, JP Morgan downgraded the previous rating of Overweight to Neutral. In the fourth quarter, Terns Pharma showed an EPS of $0.56, compared to $3.65 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.09 and a 52-week-low of $2.73. Terns Pharma closed at $3.06 at the end of the last trading period.

According to Piper Sandler, the prior rating for Aligos Therapeutics Inc ALGS was changed from Overweight to Neutral. In the fourth quarter, Aligos Therapeutics showed an EPS of $0.89, compared to $1.09 from the year-ago quarter. The stock has a 52-week-high of $34.31 and a 52-week-low of $2.11. At the end of the last trading period, Aligos Therapeutics closed at $2.90.

See all analyst ratings downgrades.

Initiations

For Pebblebrook Hotel Trust PEB, SMBC Nikko initiated coverage, by setting the current rating at Outperform. Pebblebrook Hotel earned $0.06 in the fourth quarter, compared to $0.50 in the year-ago quarter. The current stock performance of Pebblebrook Hotel shows a 52-week-high of $26.45 and a 52-week-low of $19.35. Moreover, at the end of the last trading period, the closing price was at $24.05.

With a Buy rating, BWS Financial initiated coverage on Ecovyst Inc ECVT. The price target seems to have been set at $18.00 for Ecovyst. For the fourth quarter, Ecovyst had an EPS of $0.17, compared to year-ago quarter EPS of $0.61. The stock has a 52-week-high of $17.40 and a 52-week-low of $9.12. At the end of the last trading period, Ecovyst closed at $11.72.

With an Outperform rating, Northland Capital Markets initiated coverage on Global SPAC Partners Co GLSPU. The price target seems to have been set at $13.00 for Global SPAC Partners.

For XPeng Inc XPEV, CLSA initiated coverage, by setting the current rating at Buy. For the third quarter, XPeng had an EPS of $0.27, compared to year-ago quarter EPS of $0.32. The current stock performance of XPeng shows a 52-week-high of $56.45 and a 52-week-low of $18.01. Moreover, at the end of the last trading period, the closing price was at $29.01.

With a Neutral rating, Credit Suisse initiated coverage on Paylocity Holding Corp PCTY. The price target seems to have been set at $225.00 for Paylocity Holding. Paylocity Holding earned $0.64 in the second quarter, compared to $0.39 in the year-ago quarter. The stock has a 52-week-high of $314.50 and a 52-week-low of $154.26. At the end of the last trading period, Paylocity Holding closed at $214.29.

B. Riley Securities initiated coverage on Rigel Pharmaceuticals Inc RIGL with a Neutral rating. The price target for Rigel Pharmaceuticals is set to $4.00. In the fourth quarter, Rigel Pharmaceuticals showed an EPS of $0.11, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.62 and a 52-week-low of $2.19. Rigel Pharmaceuticals closed at $3.34 at the end of the last trading period.

With an Outperform rating, Credit Suisse initiated coverage on Paycom Software Inc PAYC. The price target seems to have been set at $425.00 for Paycom Software. For the fourth quarter, Paycom Software had an EPS of $1.11, compared to year-ago quarter EPS of $0.84. The stock has a 52-week-high of $558.97 and a 52-week-low of $283.91. At the end of the last trading period, Paycom Software closed at $357.24.

Morgan Stanley initiated coverage on Stem Inc STEM with a Equal-Weight rating. The price target for Stem is set to $13.00. 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 $11.14.

Credit Suisse initiated coverage on Ceridian HCM Holding Inc CDAY with an Outperform rating. The price target for Ceridian HCM Holding is set to $85.00. Ceridian HCM Holding earned $0.06 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Ceridian HCM Holding shows a 52-week-high of $130.37 and a 52-week-low of $58.58. Moreover, at the end of the last trading period, the closing price was at $69.10.

HC Wainwright & Co. initiated coverage on Scholar Rock Holding Corp SRRK with a Buy rating. The price target for Scholar Rock Holding is set to $24.00. For the fourth quarter, Scholar Rock Holding had an EPS of $0.97, compared to year-ago quarter EPS of $0.79. The current stock performance of Scholar Rock Holding shows a 52-week-high of $65.14 and a 52-week-low of $11.35. Moreover, at the end of the last trading period, the closing price was at $12.99.

HSBC initiated coverage on TDCX Inc TDCX with a Buy rating. The price target for TDCX is set to $19.00. For the fourth quarter, TDCX had an EPS of $0.15, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $30.00 and a 52-week-low of $9.63. At the end of the last trading period, TDCX closed at $12.78.

See all analyst ratings initiations.