Benzinga's Top Ratings Upgrades, Downgrades For May 5, 2023

Upgrades

Maxim Group upgraded the previous rating for NV5 Global Inc NVEE from Hold to Buy. NV5 Global earned $0.88 in the first quarter, compared to $0.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $154.64 and a 52-week-low of $91.42. NV5 Global closed at $93.77 at the end of the last trading period.

Evercore ISI Group upgraded the previous rating for TE Connectivity Ltd TEL from In-Line to Outperform. For the second quarter, TE Connectivity had an EPS of $1.65, compared to year-ago quarter EPS of $1.81. The current stock performance of TE Connectivity shows a 52-week-high of $138.17 and a 52-week-low of $104.94. Moreover, at the end of the last trading period, the closing price was at $119.33.

Guggenheim upgraded the previous rating for Cloudflare Inc NET from Sell to Neutral. Cloudflare earned $0.08 in the first quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $90.63 and a 52-week-low of $37.38. Cloudflare closed at $40.48 at the end of the last trading period.

For Portillos Inc PTLO, Guggenheim upgraded the previous rating of Neutral to Buy. In the first quarter, Portillos showed an EPS of $0.01, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.93 and a 52-week-low of $14.84. Portillos closed at $20.84 at the end of the last trading period.

For Western Alliance Bancorp WAL, JP Morgan upgraded the previous rating of Neutral to Overweight. For the first quarter, Western Alliance had an EPS of $2.30, compared to year-ago quarter EPS of $2.22. At the moment, the stock has a 52-week-high of $86.87 and a 52-week-low of $7.46. Western Alliance closed at $18.20 at the end of the last trading period.

JP Morgan upgraded the previous rating for Comerica Inc CMA from Neutral to Overweight. Comerica earned $2.39 in the first quarter, compared to $1.37 in the year-ago quarter. The current stock performance of Comerica shows a 52-week-high of $87.02 and a 52-week-low of $28.40. Moreover, at the end of the last trading period, the closing price was at $31.21.

For Zions Bancorp NA ZION, JP Morgan upgraded the previous rating of Underweight to Overweight. In the first quarter, Zions Bancorp showed an EPS of $1.33, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.74 and a 52-week-low of $18.26. Zions Bancorp closed at $19.93 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Avis Budget Group Inc CAR from Underweight to Equal-Weight. In the first quarter, Avis Budget Gr showed an EPS of $7.72, compared to $9.99 from the year-ago quarter. The current stock performance of Avis Budget Gr shows a 52-week-high of $298.00 and a 52-week-low of $131.85. Moreover, at the end of the last trading period, the closing price was at $162.27.

According to Northland Capital Markets, the prior rating for CommScope Holding Co Inc COMM was changed from Market Perform to Outperform. CommScope Hldg Co earned $0.35 in the first quarter, compared to $0.26 in the year-ago quarter. The current stock performance of CommScope Hldg Co shows a 52-week-high of $13.73 and a 52-week-low of $4.43. Moreover, at the end of the last trading period, the closing price was at $4.82.

According to Oppenheimer, the prior rating for Blue Owl Capital Inc OWL was changed from Perform to Outperform. Blue Owl Cap earned $0.15 in the first quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $14.04 and a 52-week-low of $8.06. At the end of the last trading period, Blue Owl Cap closed at $9.94.

According to Raymond James, the prior rating for Kymera Therapeutics Inc KYMR was changed from Market Perform to Outperform. In the first quarter, Kymera Therapeutics showed an EPS of $0.70, compared to $0.71 from the year-ago quarter. The current stock performance of Kymera Therapeutics shows a 52-week-high of $39.85 and a 52-week-low of $13.19. Moreover, at the end of the last trading period, the closing price was at $26.24.

According to RBC Capital, the prior rating for Installed Building Products Inc IBP was changed from Underperform to Sector Perform. For the first quarter, Installed Building Prods had an EPS of $2.15, compared to year-ago quarter EPS of $1.54. The stock has a 52-week-high of $125.87 and a 52-week-low of $69.55. At the end of the last trading period, Installed Building Prods closed at $112.08.

According to Compass Point, the prior rating for Host Hotels & Resorts Inc HST was changed from Neutral to Buy. For the first quarter, Host Hotels & Resorts had an EPS of $0.55, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $21.60 and a 52-week-low of $14.51. At the end of the last trading period, Host Hotels & Resorts closed at $17.31.

According to Compass Point, the prior rating for Redfin Corp RDFN was changed from Sell to Neutral. For the first quarter, Redfin had an EPS of $0.93, compared to year-ago quarter EPS of $0.81. At the moment, the stock has a 52-week-high of $13.03 and a 52-week-low of $3.08. Redfin closed at $7.08 at the end of the last trading period.

For Mueller Water Products, Inc. MWA, TD Cowen upgraded the previous rating of Market Perform to Outperform. In the first quarter, Mueller Water Products showed an EPS of $0.13, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.62 and a 52-week-low of $9.90. Mueller Water Products closed at $13.56 at the end of the last trading period.

Piper Sandler upgraded the previous rating for Becton, Dickinson and Co BDX from Neutral to Overweight. For the second quarter, Becton, Dickinson had an EPS of $2.86, compared to year-ago quarter EPS of $3.18. The stock has a 52-week-high of $269.00 and a 52-week-low of $217.00. At the end of the last trading period, Becton, Dickinson closed at $252.46.

According to Wells Fargo, the prior rating for VF Corp VFC was changed from Underweight to Equal-Weight. In the third quarter, VF showed an EPS of $1.12, compared to $1.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.09 and a 52-week-low of $20.03. VF closed at $20.98 at the end of the last trading period.

Bernstein upgraded the previous rating for Rio Tinto PLC RIO from Market Perform to Outperform. NoneThe current stock performance of Rio Tinto shows a 52-week-high of $80.52 and a 52-week-low of $50.92. Moreover, at the end of the last trading period, the closing price was at $61.48.

JP Morgan upgraded the previous rating for Kellogg Co K from Underweight to Neutral. In the first quarter, Kellogg showed an EPS of $1.10, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $77.16 and a 52-week-low of $63.74. At the end of the last trading period, Kellogg closed at $70.38.

Baird upgraded the previous rating for WESCO International Inc WCC from Neutral to Outperform. For the first quarter, WESCO Intl had an EPS of $3.75, compared to year-ago quarter EPS of $3.63. At the moment, the stock has a 52-week-high of $175.00 and a 52-week-low of $99.06. WESCO Intl closed at $122.87 at the end of the last trading period.

According to Piper Sandler, the prior rating for NetScout Systems Inc NTCT was changed from Underweight to Neutral. In the fourth quarter, NetScout Systems showed an EPS of $0.38, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $38.02 and a 52-week-low of $25.90. At the end of the last trading period, NetScout Systems closed at $28.21.

According to BMO Capital, the prior rating for Alnylam Pharmaceuticals Inc ALNY was changed from Market Perform to Outperform. For the first quarter, Alnylam Pharmaceuticals had an EPS of $1.06, compared to year-ago quarter EPS of $1.49. At the moment, the stock has a 52-week-high of $242.74 and a 52-week-low of $117.62. Alnylam Pharmaceuticals closed at $205.39 at the end of the last trading period.

Goldman Sachs upgraded the previous rating for Altair Engineering Inc ALTR from Sell to Neutral. For the first quarter, Altair Engineering had an EPS of $0.36, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $72.66 and a 52-week-low of $43.41. At the end of the last trading period, Altair Engineering closed at $66.89.

HSBC upgraded the previous rating for Cognizant Technology Solutions Corp CTSH from Hold to Buy. For the first quarter, Cognizant Tech Solns had an EPS of $1.11, compared to year-ago quarter EPS of $1.08. The current stock performance of Cognizant Tech Solns shows a 52-week-high of $84.41 and a 52-week-low of $51.33. Moreover, at the end of the last trading period, the closing price was at $62.86.

CFRA upgraded the previous rating for Ferrari NV RACE from Buy to Strong Buy. Ferrari earned $1.74 in the first quarter, compared to $1.45 in the year-ago quarter. The stock has a 52-week-high of $293.64 and a 52-week-low of $167.49. At the end of the last trading period, Ferrari closed at $291.79.

For Energy Transfer LP ET, CFRA upgraded the previous rating of Hold to Buy. Energy Transfer earned $0.32 in the first quarter, compared to $0.37 in the year-ago quarter. The current stock performance of Energy Transfer shows a 52-week-high of $13.67 and a 52-week-low of $9.16. Moreover, at the end of the last trading period, the closing price was at $12.61.

Deutsche Bank upgraded the previous rating for SolarEdge Technologies Inc SEDG from Hold to Buy. In the first quarter, SolarEdge Technologies showed an EPS of $2.90, compared to $1.20 from the year-ago quarter. The current stock performance of SolarEdge Technologies shows a 52-week-high of $375.14 and a 52-week-low of $190.15. Moreover, at the end of the last trading period, the closing price was at $281.22.

See all analyst ratings upgrades.

Downgrades

Lake Street downgraded the previous rating for Clearfield Inc CLFD from Buy to Hold. For the second quarter, Clearfield had an EPS of $0.67, compared to year-ago quarter EPS of $0.66. The current stock performance of Clearfield shows a 52-week-high of $134.89 and a 52-week-low of $41.30. Moreover, at the end of the last trading period, the closing price was at $42.14.

Citigroup downgraded the previous rating for Cemex SAB de CV CX from Buy to Neutral. Cemex earned $0.15 in the first quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Cemex shows a 52-week-high of $6.73 and a 52-week-low of $3.20. Moreover, at the end of the last trading period, the closing price was at $6.35.

For Arconic Corp ARNC, Benchmark downgraded the previous rating of Buy to Hold. In the first quarter, Arconic showed an EPS of $0.24, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $31.20 and a 52-week-low of $16.37. At the end of the last trading period, Arconic closed at $28.93.

According to B of A Securities, the prior rating for ALLETE Inc ALE was changed from Buy to Neutral. For the first quarter, ALLETE had an EPS of $1.02, compared to year-ago quarter EPS of $1.27. The current stock performance of ALLETE shows a 52-week-high of $67.35 and a 52-week-low of $47.81. Moreover, at the end of the last trading period, the closing price was at $63.71.

For Tandem Diabetes Care Inc TNDM, B of A Securities downgraded the previous rating of Neutral to Underperform. In the first quarter, Tandem Diabetes Care showed an EPS of $0.63, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $95.61 and a 52-week-low of $33.52. Tandem Diabetes Care closed at $37.51 at the end of the last trading period.

For Oatly Group AB OTLY, Exane BNP Paribas downgraded the previous rating of Neutral to Underperform. For the fourth quarter, Oatly Group had an EPS of $0.21, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $4.59 and a 52-week-low of $1.28. Oatly Group closed at $2.09 at the end of the last trading period.

According to Maxim Group, the prior rating for Northwest Natural Holding Co NWN was changed from Buy to Hold. In the first quarter, Northwest Natural Hldg showed an EPS of $2.01, compared to $1.80 from the year-ago quarter. The current stock performance of Northwest Natural Hldg shows a 52-week-high of $55.90 and a 52-week-low of $42.37. Moreover, at the end of the last trading period, the closing price was at $48.33.

According to RBC Capital, the prior rating for Apollo Tactical Income Fund Inc. AIF was changed from Outperform to Sector Perform. At the moment, the stock has a 52-week-high of $13.78 and a 52-week-low of $11.75. Apollo Tactical Income closed at $12.25 at the end of the last trading period.

Loop Capital downgraded the previous rating for Ingevity Corp NGVT from Buy to Hold. For the first quarter, Ingevity had an EPS of $1.09, compared to year-ago quarter EPS of $1.62. The stock has a 52-week-high of $90.81 and a 52-week-low of $59.46. At the end of the last trading period, Ingevity closed at $64.40.

Goldman Sachs downgraded the previous rating for Atlassian Corp TEAM from Buy to Neutral. Atlassian earned $0.54 in the third quarter, compared to $0.47 in the year-ago quarter. The current stock performance of Atlassian shows a 52-week-high of $300.28 and a 52-week-low of $113.86. Moreover, at the end of the last trading period, the closing price was at $150.05.

According to Barclays, the prior rating for Sapiens International Corp NV SPNS was changed from Equal-Weight to Underweight. In the first quarter, Sapiens Intl Corp showed an EPS of $0.31, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.66 and a 52-week-low of $16.21. Sapiens Intl Corp closed at $22.14 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Craig-Hallum initiated coverage on Engagesmart Inc ESMT with a Buy rating. The price target for Engagesmart is set to $22.00. For the first quarter, Engagesmart had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $22.56 and a 52-week-low of $15.01. Engagesmart closed at $16.16 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on Exact Sciences Corp EXAS. The price target seems to have been set at $73.00 for Exact Sciences. For the fourth quarter, Exact Sciences had an EPS of $0.72, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $72.19 and a 52-week-low of $29.29. At the end of the last trading period, Exact Sciences closed at $65.75.

With a Buy rating, UBS initiated coverage on Natera Inc NTRA. The price target seems to have been set at $76.00 for Natera. For the fourth quarter, Natera had an EPS of $1.37, compared to year-ago quarter EPS of $1.48. The current stock performance of Natera shows a 52-week-high of $59.75 and a 52-week-low of $27.35. Moreover, at the end of the last trading period, the closing price was at $52.93.

Berenberg initiated coverage on Mobileye Global Inc MBLY with a Buy rating. The price target for Mobileye Global is set to $44.00. For the first quarter, Mobileye Global had an EPS of $0.14, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $48.11 and a 52-week-low of $24.86. At the end of the last trading period, Mobileye Global closed at $34.82.

With a Buy rating, Jefferies initiated coverage on PLBY Group Inc PLBY. The price target seems to have been set at $2.50 for PLBY Group. PLBY Group earned $0.22 in the fourth quarter, compared to $1.33 in the year-ago quarter. The stock has a 52-week-high of $10.35 and a 52-week-low of $1.55. At the end of the last trading period, PLBY Group closed at $1.82.

See all analyst ratings initiations.