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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For May 16, 2022

Upgrades

Keefe, Bruyette & Woods upgraded the previous rating for Rocket Companies Inc (NYSE:RKT) from Underperform to Market Perform. Rocket Companies earned $0.15 in the first quarter, compared to $0.91 in the year-ago quarter. The current stock performance of Rocket Companies shows a 52-week-high of $22.68 and a 52-week-low of $6.91. Moreover, at the end of the last trading period, the closing price was at $8.11.

JP Morgan upgraded the previous rating for Alibaba Group Holding Ltd (NYSE:BABA) from Underweight to Overweight. Alibaba Group Holding earned $2.65 in the third quarter, compared to $3.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $230.89 and a 52-week-low of $73.28. Alibaba Group Holding closed at $87.99 at the end of the last trading period.

JP Morgan upgraded the previous rating for iQIYI Inc (NASDAQ:IQ) from Underweight to Overweight. iQIYI earned $0.35 in the fourth quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.12 and a 52-week-low of $1.86. iQIYI closed at $2.97 at the end of the last trading period.

According to JP Morgan, the prior rating for Zhihu Inc (NYSE:ZH) was changed from Underweight to Neutral. At the moment, the stock has a 52-week-high of $13.85 and a 52-week-low of $1.23. Zhihu closed at $1.36 at the end of the last trading period.

According to Sidoti & Co., the prior rating for EMCOR Group Inc (NYSE:EME) was changed from Neutral to Buy. EMCOR Gr earned $1.39 in the first quarter, compared to $1.54 in the year-ago quarter. At the moment, the stock has a 52-week-high of $135.98 and a 52-week-low of $99.72. EMCOR Gr closed at $102.31 at the end of the last trading period.

Nomura Instinet upgraded the previous rating for Agora Inc (NASDAQ:API) from Neutral to Buy. For the fourth quarter, Agora had an EPS of $0.11, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $49.32 and a 52-week-low of $5.62. At the end of the last trading period, Agora closed at $6.61.

For Stepan Co (NYSE:SCL), BMO Capital upgraded the previous rating of Market Perform to Outperform. For the first quarter, Stepan had an EPS of $1.76, compared to year-ago quarter EPS of $1.82. The current stock performance of Stepan shows a 52-week-high of $138.45 and a 52-week-low of $95.28. Moreover, at the end of the last trading period, the closing price was at $105.74.

For CME Group Inc (NASDAQ:CME), Argus Research upgraded the previous rating of Hold to Buy. In the first quarter, CME Group showed an EPS of $2.11, compared to $1.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $256.94 and a 52-week-low of $185.79. CME Group closed at $200.10 at the end of the last trading period.

According to B of A Securities, the prior rating for NIO Inc (NYSE:NIO) was changed from Neutral to Buy. NIO earned $0.16 in the fourth quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $55.13 and a 52-week-low of $11.67. At the end of the last trading period, NIO closed at $14.31.

According to Susquehanna, the prior rating for EPAM Systems Inc (NYSE:EPAM) was changed from Neutral to Positive. In the first quarter, EPAM Sys showed an EPS of $2.49, compared to $1.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $725.40 and a 52-week-low of $168.59. EPAM Sys closed at $319.25 at the end of the last trading period.

For Harpoon Therapeutics Inc (NASDAQ:HARP), Wedbush upgraded the previous rating of Neutral to Outperform. In the fourth quarter, Harpoon Therapeutics showed an EPS of $0.66, compared to $0.45 from the year-ago quarter. The current stock performance of Harpoon Therapeutics shows a 52-week-high of $22.74 and a 52-week-low of $1.73. Moreover, at the end of the last trading period, the closing price was at $2.00.

According to Northcoast Research, the prior rating for Shake Shack Inc (NYSE:SHAK) was changed from Neutral to Buy. For the first quarter, Shake Shack had an EPS of $0.19, compared to year-ago quarter EPS of $0.04. The current stock performance of Shake Shack shows a 52-week-high of $111.49 and a 52-week-low of $41.55. Moreover, at the end of the last trading period, the closing price was at $46.33.

According to RBC Capital, the prior rating for StepStone Group Inc (NASDAQ:STEP) was changed from Sector Perform to Outperform. For the third quarter, StepStone Group had an EPS of $0.42, compared to year-ago quarter EPS of $0.28. The current stock performance of StepStone Group shows a 52-week-high of $55.19 and a 52-week-low of $22.39. Moreover, at the end of the last trading period, the closing price was at $25.30.

JP Morgan upgraded the previous rating for Cigna Corp (NYSE:CI) from Neutral to Overweight. In the first quarter, Cigna showed an EPS of $6.01, compared to $4.73 from the year-ago quarter. The current stock performance of Cigna shows a 52-week-high of $269.97 and a 52-week-low of $191.74. Moreover, at the end of the last trading period, the closing price was at $259.19.

For HF Sinclair Corp (NYSE:DINO), Goldman Sachs upgraded the previous rating of Neutral to Buy. For the first quarter, HF Sinclair had an EPS of $0.99, compared to year-ago quarter EPS of $0.53. The current stock performance of HF Sinclair shows a 52-week-high of $47.58 and a 52-week-low of $34.17. Moreover, at the end of the last trading period, the closing price was at $46.86.

Citigroup upgraded the previous rating for Inter Parfums Inc (NASDAQ:IPAR) from Neutral to Buy. In the first quarter, Inter Parfums showed an EPS of $1.10, compared to $0.82 from the year-ago quarter. The current stock performance of Inter Parfums shows a 52-week-high of $108.35 and a 52-week-low of $67.00. Moreover, at the end of the last trading period, the closing price was at $73.00.

UBS upgraded the previous rating for Citizens Financial Group Inc (NYSE:CFG) from Neutral to Buy. For the first quarter, Citizens Financial Group had an EPS of $1.07, compared to year-ago quarter EPS of $1.41. The stock has a 52-week-high of $57.00 and a 52-week-low of $36.83. At the end of the last trading period, Citizens Financial Group closed at $37.94.

Wedbush upgraded the previous rating for Netflix Inc (NASDAQ:NFLX) from Neutral to Outperform. For the first quarter, Netflix had an EPS of $3.53, compared to year-ago quarter EPS of $3.75. At the moment, the stock has a 52-week-high of $700.99 and a 52-week-low of $162.71. Netflix closed at $187.64 at the end of the last trading period.

For Duke Realty Corp (NYSE:DRE), BMO Capital upgraded the previous rating of Market Perform to Outperform. In the first quarter, Duke Realty showed an EPS of $0.44, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.22 and a 52-week-low of $44.13. Duke Realty closed at $53.62 at the end of the last trading period.

For Viant Technology Inc (NASDAQ:DSP), UBS upgraded the previous rating of Neutral to Buy. For the first quarter, Viant Technology had an EPS of $0.09, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $36.46 and a 52-week-low of $4.59. At the end of the last trading period, Viant Technology closed at $5.13.

For The Trade Desk Inc (NASDAQ:TTD), Stifel upgraded the previous rating of Hold to Buy. In the first quarter, Trade Desk showed an EPS of $0.21, compared to $0.14 from the year-ago quarter. The current stock performance of Trade Desk shows a 52-week-high of $628.04 and a 52-week-low of $39.39. Moreover, at the end of the last trading period, the closing price was at $51.92.

For Signify Health Inc (NYSE:SGFY), Baird upgraded the previous rating of Neutral to Outperform. Signify Health earned $0.06 in the first quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $31.91 and a 52-week-low of $10.70. At the end of the last trading period, Signify Health closed at $13.12.

JP Morgan upgraded the previous rating for Pinduoduo Inc (NASDAQ:PDD) from Underweight to Overweight. Pinduoduo earned $0.92 in the fourth quarter, compared to $0.02 in the year-ago quarter. The current stock performance of Pinduoduo shows a 52-week-high of $143.11 and a 52-week-low of $23.21. Moreover, at the end of the last trading period, the closing price was at $37.72.

JP Morgan upgraded the previous rating for KE Holdings Inc (NYSE:BEKE) from Underweight to Neutral. For the fourth quarter, KE Holdings had an EPS of $0.01, compared to year-ago quarter EPS of $0.26. The current stock performance of KE Holdings shows a 52-week-high of $54.49 and a 52-week-low of $7.31. Moreover, at the end of the last trading period, the closing price was at $12.53.

JP Morgan upgraded the previous rating for JD.com Inc (NASDAQ:JD) from Underweight to Neutral. For the fourth quarter, JD.com had an EPS of $0.35, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $92.69 and a 52-week-low of $41.56. JD.com closed at $51.55 at the end of the last trading period.

For Dingdong (Cayman) Ltd (NYSE:DDL), JP Morgan upgraded the previous rating of Underweight to Overweight. The stock has a 52-week-high of $46.00 and a 52-week-low of $2.51. At the end of the last trading period, Dingdong (Cayman) closed at $4.75.

JP Morgan upgraded the previous rating for Dada Nexus Ltd (NASDAQ:DADA) from Neutral to Overweight. The current stock performance of Dada Nexus shows a 52-week-high of $32.50 and a 52-week-low of $5.00. Moreover, at the end of the last trading period, the closing price was at $6.55.

JP Morgan upgraded the previous rating for Bilibili Inc (NASDAQ:BILI) from Underweight to Neutral. Bilibili earned $0.66 in the fourth quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $129.24 and a 52-week-low of $14.93. At the end of the last trading period, Bilibili closed at $20.60.

JP Morgan upgraded the previous rating for Baozun Inc (NASDAQ:BZUN) from Underweight to Neutral. Baozun earned $0.17 in the fourth quarter, compared to $0.55 in the year-ago quarter. The current stock performance of Baozun shows a 52-week-high of $38.15 and a 52-week-low of $5.41. Moreover, at the end of the last trading period, the closing price was at $7.64.

According to JP Morgan, the prior rating for Baidu Inc (NASDAQ:BIDU) was changed from Underweight to Neutral. For the fourth quarter, Baidu had an EPS of $1.82, compared to year-ago quarter EPS of $3.08. The current stock performance of Baidu shows a 52-week-high of $209.17 and a 52-week-low of $101.62. Moreover, at the end of the last trading period, the closing price was at $116.94.

Piper Sandler upgraded the previous rating for SoFi Technologies Inc (NASDAQ:SOFI) from Neutral to Overweight. SoFi Technologies earned $0.14 in the first quarter, compared to $1.61 in the year-ago quarter. The stock has a 52-week-high of $24.95 and a 52-week-low of $4.82. At the end of the last trading period, SoFi Technologies closed at $6.75.

For Hyatt Hotels Corp (NYSE:H), Berenberg upgraded the previous rating of Sell to Hold. In the first quarter, Hyatt Hotels showed an EPS of $0.33, compared to $3.57 from the year-ago quarter. The current stock performance of Hyatt Hotels shows a 52-week-high of $108.10 and a 52-week-low of $67.70. Moreover, at the end of the last trading period, the closing price was at $83.60.

See all analyst ratings upgrades.

Downgrades

For Kintara Therapeutics Inc (NASDAQ:KTRA), Dawson James downgraded the previous rating of Buy to Neutral. Kintara Therapeutics earned $0.11 in the third quarter, compared to $0.23 in the year-ago quarter. The stock has a 52-week-high of $2.85 and a 52-week-low of $0.14. At the end of the last trading period, Kintara Therapeutics closed at $0.19.

OTR Global downgraded the previous rating for Foot Locker Inc (NYSE:FL) from Positive to Mixed. For the fourth quarter, Foot Locker had an EPS of $1.67, compared to year-ago quarter EPS of $1.55. The current stock performance of Foot Locker shows a 52-week-high of $66.71 and a 52-week-low of $26.36. Moreover, at the end of the last trading period, the closing price was at $29.77.

Oppenheimer downgraded the previous rating for Doma Holdings Inc (NYSE:DOMA) from Outperform to Perform. The current stock performance of Doma Holdings shows a 52-week-high of $9.29 and a 52-week-low of $1.28. Moreover, at the end of the last trading period, the closing price was at $1.83.

Susquehanna downgraded the previous rating for Taboola.com Ltd (NASDAQ:TBLA) from Positive to Neutral. The stock has a 52-week-high of $11.44 and a 52-week-low of $3.23. At the end of the last trading period, Taboola.com closed at $3.35.

For Shift Technologies Inc (NASDAQ:SFT), Benchmark downgraded the previous rating of Buy to Hold. Shift Technologies earned $0.70 in the first quarter, compared to $0.55 in the year-ago quarter. The stock has a 52-week-high of $9.75 and a 52-week-low of $1.03. At the end of the last trading period, Shift Technologies closed at $1.20.

According to RBC Capital, the prior rating for Compx International Inc (AMEX:CIX) was changed from Outperform to Sector Perform. In the first quarter, Compx Intl showed an EPS of $0.40, compared to $0.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.90 and a 52-week-low of $18.32. Compx Intl closed at $22.26 at the end of the last trading period.

For Marathon Petroleum Corp (NYSE:MPC), Goldman Sachs downgraded the previous rating of Buy to Neutral. In the first quarter, Marathon Petroleum showed an EPS of $1.49, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $96.90 and a 52-week-low of $50.19. Marathon Petroleum closed at $95.88 at the end of the last trading period.

Stephens & Co. downgraded the previous rating for Dime Community Bancshares Inc (NASDAQ:DCOM) from Overweight to Equal-Weight. Dime Community Bancshares earned $0.82 in the first quarter, compared to $0.94 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.35 and a 52-week-low of $29.21. Dime Community Bancshares closed at $30.68 at the end of the last trading period.

For FirstEnergy Corp (NYSE:FE), B of A Securities downgraded the previous rating of Buy to Neutral. For the first quarter, FirstEnergy had an EPS of $0.60, compared to year-ago quarter EPS of $0.69. At the moment, the stock has a 52-week-high of $48.85 and a 52-week-low of $35.42. FirstEnergy closed at $42.51 at the end of the last trading period.

For FIGS Inc (NYSE:FIGS), B of A Securities downgraded the previous rating of Buy to Neutral. At the moment, the stock has a 52-week-high of $50.40 and a 52-week-low of $9.23. FIGS closed at $9.64 at the end of the last trading period.

BMO Capital downgraded the previous rating for Nielsen Holdings PLC (NYSE:NLSN) from Outperform to Market Perform. Nielsen Holdings earned $0.45 in the first quarter, compared to $0.47 in the year-ago quarter. The current stock performance of Nielsen Holdings shows a 52-week-high of $28.21 and a 52-week-low of $16.02. Moreover, at the end of the last trading period, the closing price was at $25.14.

Baird downgraded the previous rating for InnovAge Holding Corp (NASDAQ:INNV) from Outperform to Neutral. InnovAge Holding earned $0.02 in the third quarter, compared to $0.09 in the year-ago quarter. The current stock performance of InnovAge Holding shows a 52-week-high of $23.60 and a 52-week-low of $3.46. Moreover, at the end of the last trading period, the closing price was at $5.13.

Baird downgraded the previous rating for Bandwidth Inc (NASDAQ:BAND) from Outperform to Neutral. In the first quarter, Bandwidth showed an EPS of $0.09, compared to $0.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $145.97 and a 52-week-low of $17.71. Bandwidth closed at $21.10 at the end of the last trading period.

According to Baird, the prior rating for Twilio Inc (NYSE:TWLO) was changed from Outperform to Neutral. Twilio earned $0.00 in the first quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $412.68 and a 52-week-low of $87.67. Twilio closed at $110.79 at the end of the last trading period.

According to Baird, the prior rating for RingCentral Inc (NYSE:RNG) was changed from Outperform to Neutral. In the first quarter, RingCentral showed an EPS of $0.39, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $315.00 and a 52-week-low of $59.04. At the end of the last trading period, RingCentral closed at $69.30.

For Switch Inc (NYSE:SWCH), Raymond James downgraded the previous rating of Strong Buy 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 $33.47 at the end of the last trading period.

According to Credit Suisse, the prior rating for Switch Inc (NYSE:SWCH) was changed from Outperform to Neutral. In the first quarter, Switch showed an EPS of $0.04, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.84 and a 52-week-low of $17.72. Switch closed at $33.47 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With an Outperform rating, Northland Capital Markets initiated coverage on SVF Investment Corp 3 (NASDAQ:SVFC). The price target seems to have been set at $16.00 for SVF Inv Corp 3. The stock has a 52-week-high of $10.24 and a 52-week-low of $9.65. At the end of the last trading period, SVF Inv Corp 3 closed at $9.94.

Morgan Stanley initiated coverage on RH (NYSE:RH) with a Equal-Weight rating. The price target for RH is set to $400.00. In the fourth quarter, RH showed an EPS of $5.66, compared to $5.07 from the year-ago quarter. The stock has a 52-week-high of $744.56 and a 52-week-low of $270.96. At the end of the last trading period, RH closed at $289.65.

Morgan Stanley initiated coverage on Petco Health and Wellness Co Inc (NASDAQ:WOOF) with a Equal-Weight rating. The price target for Petco Health and Wellness is set to $21.00. For the fourth quarter, Petco Health and Wellness had an EPS of $0.28, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $28.73 and a 52-week-low of $16.22. At the end of the last trading period, Petco Health and Wellness closed at $18.64.

With a Buy rating, HC Wainwright & Co. initiated coverage on NovoCure Ltd (NASDAQ:NVCR). The price target seems to have been set at $115.00 for NovoCure. For the first quarter, NovoCure had an EPS of $0.04, compared to year-ago quarter EPS of $0.04. The current stock performance of NovoCure shows a 52-week-high of $232.76 and a 52-week-low of $56.51. Moreover, at the end of the last trading period, the closing price was at $65.24.

See all analyst ratings initiations.

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