Benzinga's Top Ratings Upgrades, Downgrades For May 17, 2023

Upgrades

For Snap Inc SNAP, Arete Research upgraded the previous rating of Neutral to Buy. For the first quarter, Snap had an EPS of $0.01, compared to year-ago quarter EPS of $0.02. The current stock performance of Snap shows a 52-week-high of $24.74 and a 52-week-low of $7.33. Moreover, at the end of the last trading period, the closing price was at $8.61.

China Renaissance upgraded the previous rating for Tencent Music Entertainment Group TME from Hold to Buy. For the first quarter, Tencent Music Enter Gr had an EPS of $0.13, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $9.29 and a 52-week-low of $3.15. Tencent Music Enter Gr closed at $7.67 at the end of the last trading period.

According to B of A Securities, the prior rating for AppLovin Corp APP was changed from Neutral to Buy. In the first quarter, AppLovin showed an EPS of $0.01, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.70 and a 52-week-low of $9.14. AppLovin closed at $22.88 at the end of the last trading period.

For Norfolk Southern Corp NSC, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. Norfolk Southern earned $3.32 in the first quarter, compared to $2.93 in the year-ago quarter. The current stock performance of Norfolk Southern shows a 52-week-high of $264.17 and a 52-week-low of $196.33. Moreover, at the end of the last trading period, the closing price was at $212.46.

Evercore ISI Group upgraded the previous rating for Old Dominion Freight Line Inc ODFL from In-Line to Outperform. In the first quarter, Old Dominion Freight Line showed an EPS of $2.58, compared to $2.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $381.81 and a 52-week-low of $231.53. Old Dominion Freight Line closed at $298.43 at the end of the last trading period.

According to Guggenheim, the prior rating for Visteon Corp VC was changed from Neutral to Buy. For the first quarter, Visteon had an EPS of $1.25, compared to year-ago quarter EPS of $1.09. At the moment, the stock has a 52-week-high of $171.66 and a 52-week-low of $94.77. Visteon closed at $132.27 at the end of the last trading period.

B of A Securities upgraded the previous rating for Fluence Energy Inc FLNC from Underperform to Neutral. In the second quarter, Fluence Energy showed an EPS of $0.21, compared to $1.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.78 and a 52-week-low of $7.05. Fluence Energy closed at $22.64 at the end of the last trading period.

For Tencent Music Entertainment Group TME, Citigroup upgraded the previous rating of Neutral to Buy. For the first quarter, Tencent Music Enter Gr had an EPS of $0.13, compared to year-ago quarter EPS of $0.09. The current stock performance of Tencent Music Enter Gr shows a 52-week-high of $9.29 and a 52-week-low of $3.15. Moreover, at the end of the last trading period, the closing price was at $7.67.

For BioNTech SE BNTX, Redburn Partners upgraded the previous rating of Neutral to Buy. For the first quarter, BioNTech had an EPS of $2.20, compared to year-ago quarter EPS of $14.24. The stock has a 52-week-high of $188.83 and a 52-week-low of $100.08. At the end of the last trading period, BioNTech closed at $105.60.

According to Macquarie, the prior rating for Tencent Music Entertainment Group TME was changed from Underperform to Neutral. For the first quarter, Tencent Music Enter Gr had an EPS of $0.13, compared to year-ago quarter EPS of $0.09. The current stock performance of Tencent Music Enter Gr shows a 52-week-high of $9.29 and a 52-week-low of $3.15. Moreover, at the end of the last trading period, the closing price was at $7.67.

According to Baird, the prior rating for APi Group Corp APG was changed from Neutral to Outperform. APi Gr earned $0.25 in the first quarter, compared to $0.23 in the year-ago quarter. The current stock performance of APi Gr shows a 52-week-high of $24.49 and a 52-week-low of $13.09. Moreover, at the end of the last trading period, the closing price was at $22.38.

According to Barclays, the prior rating for Wynn Resorts Ltd WYNN was changed from Equal-Weight to Overweight. In the first quarter, Wynn Resorts showed an EPS of $0.29, compared to $1.21 from the year-ago quarter. The current stock performance of Wynn Resorts shows a 52-week-high of $117.86 and a 52-week-low of $50.22. Moreover, at the end of the last trading period, the closing price was at $103.05.

Credit Suisse upgraded the previous rating for iQIYI Inc IQ from Neutral to Outperform. iQIYI earned $0.14 in the first quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $7.99 and a 52-week-low of $1.66. At the end of the last trading period, iQIYI closed at $5.50.

See all analyst ratings upgrades.

Downgrades

According to Nomura Instinet, the prior rating for Goodyear Tire & Rubber Co GT was changed from Buy to Neutral. For the first quarter, Goodyear Tire & Rubber had an EPS of $0.29, compared to year-ago quarter EPS of $0.37. At the moment, the stock has a 52-week-high of $15.69 and a 52-week-low of $9.66. Goodyear Tire & Rubber closed at $14.61 at the end of the last trading period.

For Consolidated Water Co Ltd CWCO, Janney Montgomery Scott downgraded the previous rating of Buy to Neutral. In the first quarter, Consolidated Water Co showed an EPS of $0.26, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.57 and a 52-week-low of $11.25. Consolidated Water Co closed at $19.82 at the end of the last trading period.

According to William Blair, the prior rating for On Holding AG ONON was changed from Hold to Sell. For the first quarter, On Holding had an EPS of $0.05, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $34.88 and a 52-week-low of $15.44. On Holding closed at $30.19 at the end of the last trading period.

For NeoGames SA NGMS, Jefferies downgraded the previous rating of Buy to Hold. NeoGames earned $0.20 in the first quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $27.50 and a 52-week-low of $10.85. At the end of the last trading period, NeoGames closed at $27.16.

For Knight-Swift Transportation Holdings Inc KNX, Credit Suisse downgraded the previous rating of Outperform to Neutral. In the first quarter, Knight-Swift showed an EPS of $0.73, compared to $1.35 from the year-ago quarter. The current stock performance of Knight-Swift shows a 52-week-high of $64.35 and a 52-week-low of $42.53. Moreover, at the end of the last trading period, the closing price was at $55.12.

For WeWork Inc WE, Mizuho downgraded the previous rating of Buy to Neutral. For the first quarter, WeWork had an EPS of $0.34, compared to year-ago quarter EPS of $0.57. At the moment, the stock has a 52-week-high of $8.07 and a 52-week-low of $0.35. WeWork closed at $0.35 at the end of the last trading period.

According to Credit Suisse, the prior rating for Werner Enterprises Inc WERN was changed from Outperform to Neutral. Werner Enterprises earned $0.60 in the first quarter, compared to $0.96 in the year-ago quarter. The current stock performance of Werner Enterprises shows a 52-week-high of $50.31 and a 52-week-low of $35.84. Moreover, at the end of the last trading period, the closing price was at $44.17.

According to Citigroup, the prior rating for Magellan Midstream Partners LP MMP was changed from Buy to Neutral. Magellan Midstream earned $1.32 in the first quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.42 and a 52-week-low of $44.84. Magellan Midstream closed at $61.38 at the end of the last trading period.

RBC Capital downgraded the previous rating for Magellan Midstream Partners LP MMP from Outperform to Sector Perform. In the first quarter, Magellan Midstream showed an EPS of $1.32, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $64.42 and a 52-week-low of $44.84. At the end of the last trading period, Magellan Midstream closed at $61.38.

For Nutrien Ltd NTR, Berenberg downgraded the previous rating of Buy to Hold. For the first quarter, Nutrien had an EPS of $1.11, compared to year-ago quarter EPS of $2.70. The stock has a 52-week-high of $104.61 and a 52-week-low of $58.75. At the end of the last trading period, Nutrien closed at $62.06.

See all analyst ratings downgrades.

Initiations

With a Buy rating, B. Riley Securities initiated coverage on CoreCard Corp CCRD. The price target seems to have been set at $30.00 for CoreCard. CoreCard earned $0.15 in the first quarter, compared to $1.00 in the year-ago quarter. The stock has a 52-week-high of $35.48 and a 52-week-low of $20.49. At the end of the last trading period, CoreCard closed at $24.09.

B. Riley Securities initiated coverage on Triumph Financial Inc TFIN with a Neutral rating. The price target for Triumph Financial is set to $51.00. In the first quarter, Triumph Financial showed an EPS of $0.43, compared to $0.93 from the year-ago quarter. The current stock performance of Triumph Financial shows a 52-week-high of $67.09 and a 52-week-low of $45.13. Moreover, at the end of the last trading period, the closing price was at $49.37.

Northland Capital Markets initiated coverage on Mayville Engineering Co Inc MEC with an Outperform rating. The price target for Mayville Engineering is set to $20.00. For the first quarter, Mayville Engineering had an EPS of $0.12, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $16.66 and a 52-week-low of $6.01. At the end of the last trading period, Mayville Engineering closed at $11.78.

With a Neutral rating, Ladenburg Thalmann initiated coverage on NorthWestern Corp NWE. The price target seems to have been set at $57.50 for NorthWestern. For the first quarter, NorthWestern had an EPS of $1.05, compared to year-ago quarter EPS of $1.09. The stock has a 52-week-high of $62.95 and a 52-week-low of $48.74. At the end of the last trading period, NorthWestern closed at $58.46.

With a Buy rating, Guggenheim initiated coverage on Madison Square Garden Entertainment Corp MSGE. The price target seems to have been set at $37.00 for Madison Square Garden. In the second quarter, Madison Square Garden showed an EPS of $2.34, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $69.75 and a 52-week-low of $28.09. Madison Square Garden closed at $30.69 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Usio Inc USIO with a Buy rating. The price target for Usio is set to $3.50. In the first quarter, Usio showed an EPS of $0.00, compared to $0.08 from the year-ago quarter. The current stock performance of Usio shows a 52-week-high of $2.89 and a 52-week-low of $1.22. Moreover, at the end of the last trading period, the closing price was at $2.11.

With a Neutral rating, Piper Sandler initiated coverage on Blue Foundry Bancorp BLFY. The price target seems to have been set at $9.50 for Blue Foundry. In the first quarter, Blue Foundry showed an EPS of $0.05, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $13.17 and a 52-week-low of $8.14. Blue Foundry closed at $8.72 at the end of the last trading period.

With a Neutral rating, Piper Sandler initiated coverage on Old Republic International Corp ORI. The price target seems to have been set at $27.00 for Old Republic Intl. Old Republic Intl earned $0.61 in the first quarter, compared to $0.63 in the year-ago quarter. The current stock performance of Old Republic Intl shows a 52-week-high of $26.72 and a 52-week-low of $20.28. Moreover, at the end of the last trading period, the closing price was at $25.50.

With a Buy rating, BTIG initiated coverage on Kura Oncology Inc KURA. The price target seems to have been set at $31.00 for Kura Oncology. For the first quarter, Kura Oncology had an EPS of $0.50, compared to year-ago quarter EPS of $0.49. The current stock performance of Kura Oncology shows a 52-week-high of $19.92 and a 52-week-low of $9.49. Moreover, at the end of the last trading period, the closing price was at $12.52.

With an Outperform rating, Raymond James initiated coverage on Disc Medicine Inc IRON. The price target seems to have been set at $50.00 for Disc Medicine. For the first quarter, Disc Medicine had an EPS of $1.20, compared to year-ago quarter EPS of $10.67. At the moment, the stock has a 52-week-high of $211.50 and a 52-week-low of $13.50. Disc Medicine closed at $33.39 at the end of the last trading period.

With a Buy rating, Stifel initiated coverage on EVgo Inc EVGO. The price target seems to have been set at $9.00 for EVgo. For the first quarter, EVgo had an EPS of $0.18, compared to year-ago quarter EPS of $0.21. The current stock performance of EVgo shows a 52-week-high of $12.64 and a 52-week-low of $3.64. Moreover, at the end of the last trading period, the closing price was at $5.73.

See all analyst ratings initiations.