Benzinga's Top Upgrades, Downgrades For December 31, 2019

Downgrades

• For WAVE Life Sciences Ltd WVE, SVB Leerink downgraded the stock from Outperform to Market Perform. In the third quarter, WAVE Life Sciences showed an EPS of ($1.48), compared to ($1.28) from the year-ago quarter. The stock has a 52-week-high of $48.64 and a 52-week-low of $7.78. WAVE Life Sciences's stock last closed at $7.99 per share.

Initiations

• Argus Research initiated coverage on New Residential Investment Corp NRZ with a Buy rating. The price target for New Residential Inv is set at $18.00. In the third quarter, New Residential Inv showed an EPS of $0.50, compared to $0.63 from the year-ago quarter. The stock has a 52-week-high of $17.34 and a 52-week-low of $13.63. New Residential Inv's stock last closed at $16.03 per share.
• With a rating of Equal-Weight, Consumer Edge Research initiated coverage on BellRing Brands Inc BRBR. The price target is set at $24.00 for BellRing Brands. The stock has a 52-week-high of $24.03 and a 52-week-low of $15.15. BellRing Brands's stock last closed at $22.36 per share.