Benzinga's Top Ratings Upgrades, Downgrades For May 12, 2022

Upgrades

For Warner Bros.Discovery Inc WBD, Cowen & Co. upgraded the previous rating of Market Perform to Outperform. The current stock performance of Warner Bros.Discovery shows a 52-week-high of $27.50 and a 52-week-low of $16.59. Moreover, at the end of the last trading period, the closing price was at $16.62.
For Pan American Silver Corp PAAS, Canaccord Genuity upgraded the previous rating of Hold to Buy. Pan American Silver earned $0.15 in the first quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Pan American Silver shows a 52-week-high of $35.15 and a 52-week-low of $20.73. Moreover, at the end of the last trading period, the closing price was at $21.94.
Barclays upgraded the previous rating for Evolus Inc EOLS from Underweight to Equal-Weight. In the first quarter, Evolus showed an EPS of $0.31, compared to $0.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.30 and a 52-week-low of $5.06. Evolus closed at $11.16 at the end of the last trading period.
For Rivian Automotive Inc RIVN, Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. For the first quarter, Rivian Automotive had an EPS of $1.43, compared to year-ago quarter EPS of $4.10. The stock has a 52-week-high of $179.47 and a 52-week-low of $19.25. At the end of the last trading period, Rivian Automotive closed at $20.60.
For SciPlay Corp SCPL, Truist Securities upgraded the previous rating of Hold to Buy. SciPlay earned $0.18 in the first quarter, compared to $0.21 in the year-ago quarter. The current stock performance of SciPlay shows a 52-week-high of $22.29 and a 52-week-low of $10.75. Moreover, at the end of the last trading period, the closing price was at $12.10.
Stephens & Co. upgraded the previous rating for Alcon Inc ALC from Equal-Weight to Overweight. For the first quarter, Alcon had an EPS of $0.68, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $88.78 and a 52-week-low of $63.92. At the end of the last trading period, Alcon closed at $69.83.
For EVgo Inc EVGO, Credit Suisse upgraded the previous rating of Neutral to Outperform. At the moment, the stock has a 52-week-high of $19.59 and a 52-week-low of $6.90. EVgo closed at $7.17 at the end of the last trading period.
Baird upgraded the previous rating for Kratos Defense & Security Solutions Inc KTOS from Neutral to Outperform. Kratos Defense & Security earned $0.04 in the first quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.29 and a 52-week-low of $12.65. Kratos Defense & Security closed at $12.87 at the end of the last trading period.
According to Raymond James, the prior rating for 89bio Inc ETNB was changed from Outperform to Strong Buy. For the first quarter, 89bio had an EPS of $1.26, compared to year-ago quarter EPS of $0.74. The current stock performance of 89bio shows a 52-week-high of $25.67 and a 52-week-low of $2.00. Moreover, at the end of the last trading period, the closing price was at $2.15.
Jefferies upgraded the previous rating for International Game Technology PLC IGT from Hold to Buy. For the first quarter, Intl Game Tech had an EPS of $0.39, compared to year-ago quarter EPS of $0.38. The current stock performance of Intl Game Tech shows a 52-week-high of $32.95 and a 52-week-low of $17.27. Moreover, at the end of the last trading period, the closing price was at $19.79.
According to JP Morgan, the prior rating for Valvoline Inc VVV was changed from Neutral to Overweight. For the second quarter, Valvoline had an EPS of $0.48, compared to year-ago quarter EPS of $0.46. The current stock performance of Valvoline shows a 52-week-high of $37.97 and a 52-week-low of $26.70. Moreover, at the end of the last trading period, the closing price was at $27.80.
R5 Capital upgraded the previous rating for Grocery Outlet Holding Corp GO from Sell to Hold. For the first quarter, Grocery Outlet Holding had an EPS of $0.22, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $41.31 and a 52-week-low of $21.01. Grocery Outlet Holding closed at $35.65 at the end of the last trading period.
For Albemarle Corp ALB, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Albemarle earned $2.38 in the first quarter, compared to $1.10 in the year-ago quarter. The stock has a 52-week-high of $291.48 and a 52-week-low of $152.58. At the end of the last trading period, Albemarle closed at $213.03.
Wells Fargo upgraded the previous rating for ON Semiconductor Corp ON from Equal-Weight to Overweight. For the first quarter, ON Semiconductor had an EPS of $1.22, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $71.25 and a 52-week-low of $34.01. At the end of the last trading period, ON Semiconductor closed at $51.77.

See all analyst ratings upgrades.

Downgrades

According to BWS Financial, the prior rating for Avaya Holdings Corp AVYA was changed from Buy to Sell. In the second quarter, Avaya Hldgs showed an EPS of $0.53, compared to $0.74 from the year-ago quarter. The current stock performance of Avaya Hldgs shows a 52-week-high of $29.55 and a 52-week-low of $5.80. Moreover, at the end of the last trading period, the closing price was at $5.84.
BMO Capital downgraded the previous rating for Manulife Financial Corp MFC from Outperform to Market Perform. For the first quarter, Manulife Financial had an EPS of $0.61, compared to year-ago quarter EPS of $0.65. At the moment, the stock has a 52-week-high of $22.19 and a 52-week-low of $17.66. Manulife Financial closed at $18.72 at the end of the last trading period.
For Points.com Inc PCOM, Northland Capital Markets downgraded the previous rating of Outperform to Market Perform. Points.com earned $0.09 in the first quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Points.com shows a 52-week-high of $24.72 and a 52-week-low of $13.98. Moreover, at the end of the last trading period, the closing price was at $24.46.
According to Goldman Sachs, the prior rating for Coupa Software Inc COUP was changed from Buy to Sell. For the fourth quarter, Coupa Software had an EPS of $0.19, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $283.38 and a 52-week-low of $64.10. At the end of the last trading period, Coupa Software closed at $64.51.
For Upstart Holdings Inc UPST, Barclays downgraded the previous rating of Overweight to Equal-Weight. In the first quarter, Upstart Hldgs showed an EPS of $0.61, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $401.49 and a 52-week-low of $25.43. At the end of the last trading period, Upstart Hldgs closed at $28.00.
JMP Securities downgraded the previous rating for Pegasystems Inc PEGA from Market Outperform to Market Perform. For the first quarter, Pegasystems had an EPS of $0.59, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $143.66 and a 52-week-low of $36.50. At the end of the last trading period, Pegasystems closed at $48.07.
According to Wolfe Research, the prior rating for Capital One Financial Corp COF was changed from Peer Perform to Underperform. Capital One Financial earned $5.62 in the first quarter, compared to $7.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $177.95 and a 52-week-low of $117.49. Capital One Financial closed at $119.59 at the end of the last trading period.
For Beyond Meat Inc BYND, Barclays downgraded the previous rating of Overweight to Equal-Weight. For the first quarter, Beyond Meat had an EPS of $1.58, compared to year-ago quarter EPS of $0.42. The current stock performance of Beyond Meat shows a 52-week-high of $160.28 and a 52-week-low of $25.75. Moreover, at the end of the last trading period, the closing price was at $26.17.
For Discover Financial Services DFS, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the first quarter, Discover Financial showed an EPS of $4.22, compared to $5.04 from the year-ago quarter. The current stock performance of Discover Financial shows a 52-week-high of $135.69 and a 52-week-low of $100.07. Moreover, at the end of the last trading period, the closing price was at $104.63.
For Synchrony Financial SYF, Wolfe Research downgraded the previous rating of Peer Perform to Underperform. In the first quarter, Synchrony Finl showed an EPS of $1.77, compared to $1.73 from the year-ago quarter. The stock has a 52-week-high of $52.49 and a 52-week-low of $33.76. At the end of the last trading period, Synchrony Finl closed at $35.33.
According to Wolfe Research, the prior rating for American Express Co AXP was changed from Outperform to Peer Perform. American Express earned $2.73 in the first quarter, compared to $2.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of $199.55 and a 52-week-low of $149.89. American Express closed at $159.39 at the end of the last trading period.
According to Stifel, the prior rating for Switch Inc SWCH was changed from Buy to Hold. For the first quarter, Switch had an EPS of $0.04, compared to year-ago quarter EPS of $0.08. The current stock performance of Switch shows a 52-week-high of $33.84 and a 52-week-low of $17.72. Moreover, at the end of the last trading period, the closing price was at $33.54.
According to Stifel, the prior rating for Dutch Bros Inc BROS was changed from Buy to Hold. The current stock performance of Dutch Bros shows a 52-week-high of $81.40 and a 52-week-low of $32.42. Moreover, at the end of the last trading period, the closing price was at $34.37.
Piper Sandler downgraded the previous rating for Zoom Video Communications Inc ZM from Overweight to Neutral. Zoom Video Comms earned $1.29 in the fourth quarter, compared to $1.22 in the year-ago quarter. The stock has a 52-week-high of $406.48 and a 52-week-low of $84.17. At the end of the last trading period, Zoom Video Comms closed at $84.80.
For Switch Inc SWCH, BMO Capital downgraded the previous rating of Outperform to Market Perform. For the first quarter, Switch had an EPS of $0.04, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $33.84 and a 52-week-low of $17.72. Switch closed at $33.54 at the end of the last trading period.
According to Wells Fargo, the prior rating for Air Products & Chemicals Inc APD was changed from Overweight to Equal-Weight. For the second quarter, Air Products & Chemicals had an EPS of $2.38, compared to year-ago quarter EPS of $2.08. The current stock performance of Air Products & Chemicals shows a 52-week-high of $316.39 and a 52-week-low of $216.24. Moreover, at the end of the last trading period, the closing price was at $232.89.
For General Motors Co GM, Wells Fargo downgraded the previous rating of Overweight to Underweight. In the first quarter, General Motors showed an EPS of $2.09, compared to $2.25 from the year-ago quarter. The current stock performance of General Motors shows a 52-week-high of $67.21 and a 52-week-low of $37.17. Moreover, at the end of the last trading period, the closing price was at $37.27.
For Ford Motor Co F, Wells Fargo downgraded the previous rating of Overweight to Underweight. In the first quarter, Ford Motor showed an EPS of $0.38, compared to $0.89 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.87 and a 52-week-low of $11.28. Ford Motor closed at $12.83 at the end of the last trading period.
For SEMrush Holdings Inc SEMR, Keybanc downgraded the previous rating of Overweight to Sector Weight. SEMrush Hldgs earned $0.02 in the first quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $32.48 and a 52-week-low of $7.51. At the end of the last trading period, SEMrush Hldgs closed at $8.78.

See all analyst ratings downgrades.

Initiations

With a Buy rating, BTIG initiated coverage on Treace Medical Concepts Inc TMCI. The price target seems to have been set at $22.00 for Treace Medical Concepts. Treace Medical Concepts earned $0.16 in the first quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.17 and a 52-week-low of $12.48. Treace Medical Concepts closed at $12.93 at the end of the last trading period.
Berenberg initiated coverage on Boyd Gaming Corp BYD with a Buy rating. The price target for Boyd Gaming is set to $78.00. Boyd Gaming earned $1.40 in the first quarter, compared to $0.93 in the year-ago quarter. The current stock performance of Boyd Gaming shows a 52-week-high of $72.72 and a 52-week-low of $50.38. Moreover, at the end of the last trading period, the closing price was at $53.33.
Berenberg initiated coverage on Red Rock Resorts Inc RRR with a Buy rating. The price target for Red Rock Resorts is set to $50.00. For the first quarter, Red Rock Resorts had an EPS of $0.77, compared to year-ago quarter EPS of $1.48. The stock has a 52-week-high of $58.74 and a 52-week-low of $35.83. At the end of the last trading period, Red Rock Resorts closed at $36.32.
Goldman Sachs initiated coverage on DigitalOcean Holdings Inc DOCN with a Buy rating. The price target for DigitalOcean Holdings is set to $49.00. For the first quarter, DigitalOcean Holdings had an EPS of $0.07, compared to year-ago quarter EPS of $0.00. The current stock performance of DigitalOcean Holdings shows a 52-week-high of $133.40 and a 52-week-low of $30.43. Moreover, at the end of the last trading period, the closing price was at $30.86.
B. Riley Securities initiated coverage on IVERIC bio Inc ISEE with a Neutral rating. The price target for IVERIC bio is set to $12.00. For the first quarter, IVERIC bio had an EPS of $0.29, compared to year-ago quarter EPS of $0.29. The current stock performance of IVERIC bio shows a 52-week-high of $19.34 and a 52-week-low of $5.72. Moreover, at the end of the last trading period, the closing price was at $10.13.