Benzinga's Top Ratings Upgrades, Downgrades For November 28, 2022

Upgrades

Barclays upgraded the previous rating for PerkinElmer Inc PKI from Underweight to Equal-Weight. For the third quarter, PerkinElmer had an EPS of $1.51, compared to year-ago quarter EPS of $2.31. The stock has a 52-week-high of $201.05 and a 52-week-low of $113.46. At the end of the last trading period, PerkinElmer closed at $136.93.

JP Morgan upgraded the previous rating for Cloudflare Inc NET from Underweight to Neutral. Cloudflare earned $0.06 in the third quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $132.45 and a 52-week-low of $37.37. At the end of the last trading period, Cloudflare closed at $46.30.

JP Morgan upgraded the previous rating for Melco Resorts and Entertainment Ltd MLCO from Neutral to Overweight. In the third quarter, Melco Resorts and Enter showed an EPS of $0.52, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.81 and a 52-week-low of $4.06. Melco Resorts and Enter closed at $6.59 at the end of the last trading period.

For Wynn Resorts Ltd WYNN, JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, Wynn Resorts had an EPS of $1.20, compared to year-ago quarter EPS of $1.24. The current stock performance of Wynn Resorts shows a 52-week-high of $96.50 and a 52-week-low of $50.20. Moreover, at the end of the last trading period, the closing price was at $74.93.

Truist Securities upgraded the previous rating for Activision Blizzard Inc ATVI from Hold to Buy. Activision Blizzard earned $0.68 in the third quarter, compared to $0.72 in the year-ago quarter. The current stock performance of Activision Blizzard shows a 52-week-high of $86.90 and a 52-week-low of $61.99. Moreover, at the end of the last trading period, the closing price was at $73.47.

Evercore ISI Group upgraded the previous rating for StoneCo Ltd STNE from In-Line to Outperform. For the third quarter, StoneCo had an EPS of $0.10, compared to year-ago quarter EPS of $0.09. The current stock performance of StoneCo shows a 52-week-high of $19.66 and a 52-week-low of $6.81. Moreover, at the end of the last trading period, the closing price was at $10.31.

For Live Nation Entertainment Inc LYV, Citigroup upgraded the previous rating of Neutral to Buy. In the third quarter, Live Nation Entertainment showed an EPS of $1.39, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $126.79 and a 52-week-low of $65.05. At the end of the last trading period, Live Nation Entertainment closed at $68.46.

For Activision Blizzard Inc ATVI, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, Activision Blizzard showed an EPS of $0.68, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $86.90 and a 52-week-low of $61.99. At the end of the last trading period, Activision Blizzard closed at $73.47.

For BorgWarner Inc BWA, Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. For the third quarter, BorgWarner had an EPS of $1.24, compared to year-ago quarter EPS of $0.80. The stock has a 52-week-high of $50.09 and a 52-week-low of $31.14. At the end of the last trading period, BorgWarner closed at $42.24.

For Affiliated Managers Group Inc AMG, Jefferies upgraded the previous rating of Hold to Buy. For the third quarter, Affiliated Managers Group had an EPS of $4.21, compared to year-ago quarter EPS of $4.00. The stock has a 52-week-high of $171.38 and a 52-week-low of $108.12. At the end of the last trading period, Affiliated Managers Group closed at $156.88.

Deutsche Bank upgraded the previous rating for Coherent Corp COHR from Hold to Buy. For the first quarter, Coherent had an EPS of $1.04, compared to year-ago quarter EPS of $2.32.

For Activision Blizzard Inc ATVI, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the third quarter, Activision Blizzard had an EPS of $0.68, compared to year-ago quarter EPS of $0.72. At the moment, the stock has a 52-week-high of $86.90 and a 52-week-low of $61.99. Activision Blizzard closed at $73.47 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Morgan Stanley, the prior rating for Playtika Holding Corp PLTK was changed from Overweight to Equal-Weight. For the third quarter, Playtika Holding had an EPS of $0.17, compared to year-ago quarter EPS of $0.20. The current stock performance of Playtika Holding shows a 52-week-high of $21.45 and a 52-week-low of $8.39. Moreover, at the end of the last trading period, the closing price was at $9.33.

According to Morgan Stanley, the prior rating for AppLovin Corp APP was changed from Overweight to Equal-Weight. In the third quarter, AppLovin showed an EPS of $0.06, compared to $0.00 from the year-ago quarter. The stock has a 52-week-high of $98.14 and a 52-week-low of $13.00. At the end of the last trading period, AppLovin closed at $14.02.

JP Morgan downgraded the previous rating for PENN Entertainment Inc PENN from Overweight to Neutral. For the third quarter, PENN Entertainment had an EPS of $0.72, compared to year-ago quarter EPS of $0.52. The current stock performance of PENN Entertainment shows a 52-week-high of $53.36 and a 52-week-low of $25.49. Moreover, at the end of the last trading period, the closing price was at $34.98.

For Shutterstock Inc SSTK, JMP Securities downgraded the previous rating of Market Outperform to Market Perform. Shutterstock earned $1.00 in the third quarter, compared to $0.70 in the year-ago quarter. The current stock performance of Shutterstock shows a 52-week-high of $111.66 and a 52-week-low of $44.61. Moreover, at the end of the last trading period, the closing price was at $52.71.

For SciPlay Corp SCPL, Truist Securities downgraded the previous rating of Buy to Hold. For the third quarter, SciPlay had an EPS of $0.20, compared to year-ago quarter EPS of $0.24. The current stock performance of SciPlay shows a 52-week-high of $15.89 and a 52-week-low of $10.60. Moreover, at the end of the last trading period, the closing price was at $15.49.

For Imago BioSciences Inc IMGO, Stifel downgraded the previous rating of Buy to Hold. For the third quarter, Imago BioSciences had an EPS of $0.50, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $35.75 and a 52-week-low of $11.56. At the end of the last trading period, Imago BioSciences closed at $35.66.

According to B of A Securities, the prior rating for Diamondback Energy Inc FANG was changed from Neutral to Underperform. For the third quarter, Diamondback Energy had an EPS of $6.48, compared to year-ago quarter EPS of $2.94. The current stock performance of Diamondback Energy shows a 52-week-high of $168.95 and a 52-week-low of $103.71. Moreover, at the end of the last trading period, the closing price was at $149.32.

Morgan Stanley downgraded the previous rating for Aptiv PLC APTV from Overweight to Equal-Weight. Aptiv earned $1.28 in the third quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $175.91 and a 52-week-low of $77.96. At the end of the last trading period, Aptiv closed at $105.86.

For First Solar Inc FSLR, JP Morgan downgraded the previous rating of Overweight to Neutral. For the third quarter, First Solar had an EPS of $0.46, compared to year-ago quarter EPS of $0.42. The current stock performance of First Solar shows a 52-week-high of $173.21 and a 52-week-low of $59.60. Moreover, at the end of the last trading period, the closing price was at $171.43.

For Williams-Sonoma Inc WSM, Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. In the third quarter, Williams-Sonoma showed an EPS of $3.72, compared to $3.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $176.89 and a 52-week-low of $101.58. Williams-Sonoma closed at $122.42 at the end of the last trading period.

Jefferies downgraded the previous rating for Twilio Inc TWLO from Buy to Hold. For the third quarter, Twilio had an EPS of $0.27, compared to year-ago quarter EPS of $0.01. The current stock performance of Twilio shows a 52-week-high of $266.74 and a 52-week-low of $41.00. Moreover, at the end of the last trading period, the closing price was at $48.56.

For XPeng Inc XPEV, Jefferies downgraded the previous rating of Hold to Underperform. For the second quarter, XPeng had an EPS of $0.43, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $51.50 and a 52-week-low of $6.18. XPeng closed at $7.07 at the end of the last trading period.

According to JP Morgan, the prior rating for DraftKings Inc DKNG was changed from Neutral to Underweight. DraftKings earned $1.00 in the third quarter, compared to $1.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.55 and a 52-week-low of $9.77. DraftKings closed at $15.14 at the end of the last trading period.

Barclays downgraded the previous rating for Tyson Foods Inc TSN from Equal-Weight to Underweight. In the fourth quarter, Tyson Foods showed an EPS of $1.63, compared to $2.30 from the year-ago quarter. The current stock performance of Tyson Foods shows a 52-week-high of $100.72 and a 52-week-low of $62.94. Moreover, at the end of the last trading period, the closing price was at $67.33.

For Beyond Meat Inc BYND, Barclays downgraded the previous rating of Equal-Weight to Underweight. For the third quarter, Beyond Meat had an EPS of $1.60, compared to year-ago quarter EPS of $0.87. At the moment, the stock has a 52-week-high of $74.00 and a 52-week-low of $11.56. Beyond Meat closed at $12.72 at the end of the last trading period.

According to Wells Fargo, the prior rating for TransDigm Group Inc TDG was changed from Overweight to Equal-Weight. In the fourth quarter, TransDigm Gr showed an EPS of $5.50, compared to $4.25 from the year-ago quarter. The current stock performance of TransDigm Gr shows a 52-week-high of $684.72 and a 52-week-low of $499.63. Moreover, at the end of the last trading period, the closing price was at $636.54.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Jefferies initiated coverage on Li Auto Inc LI. The price target seems to have been set at $20.66 for Li Auto. Li Auto earned $0.02 in the second quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $41.49 and a 52-week-low of $12.52. At the end of the last trading period, Li Auto closed at $16.81.

Roth Capital initiated coverage on Turtle Beach Corp HEAR with a Buy rating. The price target for Turtle Beach is set to $18.00. Turtle Beach earned $0.47 in the third quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Turtle Beach shows a 52-week-high of $25.33 and a 52-week-low of $6.22. Moreover, at the end of the last trading period, the closing price was at $9.30.

With a Buy rating, Stifel initiated coverage on OmniAb Inc OABI. The price target seems to have been set at $12.00 for OmniAb. The stock has a 52-week-high of $5.13 and a 52-week-low of $1.91. At the end of the last trading period, OmniAb closed at $2.61.

With a Buy rating, EF Hutton initiated coverage on Hudson Global Inc HSON. The price target seems to have been set at $42.50 for Hudson Global. Hudson Global earned $0.58 in the third quarter, compared to $0.78 in the year-ago quarter.

With an Overweight rating, Wells Fargo initiated coverage on Xenon Pharmaceuticals Inc XENE. The price target seems to have been set at $50.00 for Xenon Pharmaceuticals. In the third quarter, Xenon Pharmaceuticals showed an EPS of $0.57, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $41.39 and a 52-week-low of $24.60. At the end of the last trading period, Xenon Pharmaceuticals closed at $34.81.

With an Overweight rating, Wells Fargo initiated coverage on Halozyme Therapeutics Inc HALO. The price target seems to have been set at $65.00 for Halozyme Therapeutics. In the third quarter, Halozyme Therapeutics showed an EPS of $0.74, compared to $0.55 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.16 and a 52-week-low of $31.36. Halozyme Therapeutics closed at $54.67 at the end of the last trading period.

Compass Point initiated coverage on MBIA Inc MBI with a Neutral rating. The price target for MBIA is set to $14.00. For the third quarter, MBIA had an EPS of $0.34, compared to year-ago quarter EPS of $1.54. The stock has a 52-week-high of $17.90 and a 52-week-low of $8.91. At the end of the last trading period, MBIA closed at $12.00.

With a Neutral rating, Compass Point initiated coverage on Ambac Financial Group Inc AMBC. The price target seems to have been set at $18.00 for Ambac Financial Group. Ambac Financial Group earned $7.37 in the third quarter, compared to $0.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.64 and a 52-week-low of $7.24. Ambac Financial Group closed at $15.35 at the end of the last trading period.

With a Buy rating, Compass Point initiated coverage on Assured Guaranty Ltd AGO. The price target seems to have been set at $84.00 for Assured Guaranty. For the third quarter, Assured Guaranty had an EPS of $2.11, compared to year-ago quarter EPS of $0.45. The current stock performance of Assured Guaranty shows a 52-week-high of $65.68 and a 52-week-low of $45.91. Moreover, at the end of the last trading period, the closing price was at $62.63.

See all analyst ratings initiations.