Benzinga's Top Upgrades, Downgrades For January 7, 2021

 

Upgrades

  • According to Citigroup, the prior rating for Sealed Air Corp SEE was changed from Neutral to Buy. For the third quarter, Sealed Air had an EPS of $0.82, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $47.90 and a 52-week-low of $17.06. At the end of the last trading period, Sealed Air closed at $47.36.
  • B of A Securities upgraded the previous rating for M&T Bank Corp MTB from Neutral to Buy. M&T Bank earned $2.75 in the third quarter, compared to $3.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of $174.00 and a 52-week-low of $85.09. M&T Bank closed at $139.97 at the end of the last trading period.
  • According to B of A Securities, the prior rating for JPMorgan Chase & Co JPM was changed from Neutral to Buy. In the third quarter, JPMorgan Chase showed an EPS of $2.92, compared to $2.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $140.76 and a 52-week-low of $76.91. JPMorgan Chase closed at $131.56 at the end of the last trading period.
  • According to Rosenblatt, the prior rating for Arista Networks Inc ANET was changed from Neutral to Buy. Arista Networks earned $2.42 in the third quarter, compared to $2.69 in the year-ago quarter. The stock has a 52-week-high of $293.78 and a 52-week-low of $156.63. At the end of the last trading period, Arista Networks closed at $285.73.
  • Cowen & Co. upgraded the previous rating for Foot Locker Inc FL from Market Perform to Outperform. In the third quarter, Foot Locker showed an EPS of $1.21, compared to $1.13 from the year-ago quarter. The current stock performance of Foot Locker shows a 52-week-high of $44.02 and a 52-week-low of $17.46. Moreover, at the end of the last trading period, the closing price was at $43.56.
  • For PerkinElmer Inc PKI, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, PerkinElmer showed an EPS of $2.09, compared to $1.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $158.00 and a 52-week-low of $62.91. PerkinElmer closed at $156.38 at the end of the last trading period.
  • For Fifth Third Bancorp FITB, Goldman Sachs upgraded the previous rating of Neutral to Buy. For the third quarter, Fifth Third Bancorp had an EPS of $0.85, compared to year-ago quarter EPS of $0.75. At the moment, the stock has a 52-week-high of $30.47 and a 52-week-low of $11.10. Fifth Third Bancorp closed at $30.26 at the end of the last trading period.
  • JP Morgan upgraded the previous rating for CME Group Inc CME from Underweight to Neutral. For the third quarter, CME Group had an EPS of $1.38, compared to year-ago quarter EPS of $1.90. The current stock performance of CME Group shows a 52-week-high of $225.36 and a 52-week-low of $131.80. Moreover, at the end of the last trading period, the closing price was at $193.38.
  • JP Morgan upgraded the previous rating for The Mosaic Co MOS from Neutral to Overweight. For the third quarter, Mosaic had an EPS of $0.23, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $26.11 and a 52-week-low of $6.50. At the end of the last trading period, Mosaic closed at $26.07.
  • According to Citigroup, the prior rating for Avery Dennison Corp AVY was changed from Neutral to Buy. Avery Dennison earned $1.91 in the third quarter, compared to $1.66 in the year-ago quarter. The stock has a 52-week-high of $158.54 and a 52-week-low of $76.96. At the end of the last trading period, Avery Dennison closed at $157.96.
  • For McDonald's Corp MCD, Oppenheimer upgraded the previous rating of Perform to Outperform. For the third quarter, McDonald's had an EPS of $2.22, compared to year-ago quarter EPS of $2.11. The stock has a 52-week-high of $231.91 and a 52-week-low of $124.23. At the end of the last trading period, McDonald's closed at $211.08.
  • Stephens & Co. upgraded the previous rating for BJ's Restaurants Inc BJRI from Equal-Weight to Overweight. For the third quarter, BJ's Restaurants had an EPS of $0.44, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $44.47 and a 52-week-low of $6.01. At the end of the last trading period, BJ's Restaurants closed at $41.70.
  • Stephens & Co. upgraded the previous rating for Restaurant Brands International Inc QSR from Equal-Weight to Overweight. For the third quarter, Restaurant Brands Intl had an EPS of $0.68, compared to year-ago quarter EPS of $0.72. The current stock performance of Restaurant Brands Intl shows a 52-week-high of $67.33 and a 52-week-low of $25.08. Moreover, at the end of the last trading period, the closing price was at $60.39.
  • For Tesla Inc TSLA, RBC Capital upgraded the previous rating of Underperform to Sector Perform. For the third quarter, Tesla had an EPS of $0.76, compared to year-ago quarter EPS of $0.37. The current stock performance of Tesla shows a 52-week-high of $774.00 and a 52-week-low of $70.10. Moreover, at the end of the last trading period, the closing price was at $755.98.
  • According to Jefferies, the prior rating for U.S. Bancorp USB was changed from Hold to Buy. U.S. Bancorp earned $0.99 in the third quarter, compared to $1.15 in the year-ago quarter. The current stock performance of U.S. Bancorp shows a 52-week-high of $57.79 and a 52-week-low of $28.36. Moreover, at the end of the last trading period, the closing price was at $49.02.
  • According to Jefferies, the prior rating for Wells Fargo & Co WFC was changed from Hold to Buy. Wells Fargo earned $0.42 in the third quarter, compared to $1.07 in the year-ago quarter. The current stock performance of Wells Fargo shows a 52-week-high of $53.33 and a 52-week-low of $20.76. Moreover, at the end of the last trading period, the closing price was at $32.69.
  • Jefferies upgraded the previous rating for JPMorgan Chase & Co JPM from Hold to Buy. For the third quarter, JPMorgan Chase had an EPS of $2.92, compared to year-ago quarter EPS of $2.68. The current stock performance of JPMorgan Chase shows a 52-week-high of $140.76 and a 52-week-low of $76.91. Moreover, at the end of the last trading period, the closing price was at $131.56.
  • According to Jefferies, the prior rating for Synovus Financial Corp SNV was changed from Hold to Buy. Synovus Finl earned $0.89 in the third quarter, compared to $0.97 in the year-ago quarter. The current stock performance of Synovus Finl shows a 52-week-high of $40.12 and a 52-week-low of $10.91. Moreover, at the end of the last trading period, the closing price was at $35.38.

 

Downgrades

  • According to B of A Securities, the prior rating for U.S. Bancorp USB was changed from Neutral to Underperform. The current stock performance of U.S. Bancorp shows a 52-week-high of $57.79 and a 52-week-low of $28.36. Moreover, at the end of the last trading period, the closing price was at $49.02.
  • For United Natural Foods Inc UNFI, Barclays downgraded the previous rating of Equal-Weight to Underweight. In the first quarter, United Natural Foods showed an EPS of $0.51, compared to $0.12 from the year-ago quarter. The current stock performance of United Natural Foods shows a 52-week-high of $23.38 and a 52-week-low of $5.00. Moreover, at the end of the last trading period, the closing price was at $17.90.
  • For The Kroger Co KR, Barclays downgraded the previous rating of Equal-Weight to Underweight. For the third quarter, Kroger had an EPS of $0.71, compared to year-ago quarter EPS of $0.47. The current stock performance of Kroger shows a 52-week-high of $37.22 and a 52-week-low of $26.72. Moreover, at the end of the last trading period, the closing price was at $32.22.
  • For Change Healthcare Inc CHNG, RBC Capital downgraded the previous rating of Outperform to Sector Perform. Change Healthcare earned $0.32 in the second quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.21 and a 52-week-low of $6.18. Change Healthcare closed at $23.72 at the end of the last trading period.
  • For CNA Financial Corp CNA, B of A Securities downgraded the previous rating of Neutral to Underperform. For the third quarter, CNA Financial had an EPS of $0.71, compared to year-ago quarter EPS of $0.84. The stock has a 52-week-high of $51.30 and a 52-week-low of $25.18. At the end of the last trading period, CNA Financial closed at $40.38.
  • Barclays downgraded the previous rating for Big Lots Inc BIG from Equal-Weight to Underweight. In the third quarter, Big Lots showed an EPS of $0.76, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.24 and a 52-week-low of $10.12. Big Lots closed at $45.54 at the end of the last trading period.
  • B of A Securities downgraded the previous rating for Axis Capital Holdings Ltd AXS from Neutral to Underperform. For the second quarter, Axis Capital Holdings had an EPS of $0.84, compared to year-ago quarter EPS of $1.69. At the moment, the stock has a 52-week-high of $66.16 and a 52-week-low of $31.82. Axis Capital Holdings closed at $52.57 at the end of the last trading period.
  • For Alliance Data Systems Corp ADS, Goldman Sachs downgraded the previous rating of Buy to Neutral. In the third quarter, Alliance Data Systems showed an EPS of $3.45, compared to $5.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $115.62 and a 52-week-low of $20.51. Alliance Data Systems closed at $78.93 at the end of the last trading period.
  • For 3M Co MMM, B of A Securities downgraded the previous rating of Neutral to Underperform. For the third quarter, 3M had an EPS of $2.43, compared to year-ago quarter EPS of $2.58. At the moment, the stock has a 52-week-high of $182.54 and a 52-week-low of $114.04. 3M closed at $174.21 at the end of the last trading period.
  • According to Oppenheimer, the prior rating for The Wendy's Co WEN was changed from Outperform to Perform. For the third quarter, Wendy's had an EPS of $0.19, compared to year-ago quarter EPS of $0.19. At the moment, the stock has a 52-week-high of $24.91 and a 52-week-low of $6.82. Wendy's closed at $21.54 at the end of the last trading period.
  • Wells Fargo downgraded the previous rating for Waters Corp WAT from Equal-Weight to Underweight. In the third quarter, Waters showed an EPS of $2.16, compared to $2.13 from the year-ago quarter. The current stock performance of Waters shows a 52-week-high of $263.23 and a 52-week-low of $154.39. Moreover, at the end of the last trading period, the closing price was at $262.64.
  • According to Baird, the prior rating for Textron Inc TXT was changed from Outperform to Neutral. Textron earned $0.53 in the third quarter, compared to $0.95 in the year-ago quarter. The current stock performance of Textron shows a 52-week-high of $51.53 and a 52-week-low of $20.26. Moreover, at the end of the last trading period, the closing price was at $47.59.
  • According to Credit Suisse, the prior rating for Sportsman's Warehouse Holdings Inc SPWH was changed from Outperform to Neutral. The stock has a 52-week-high of $18.46 and a 52-week-low of $4.08. At the end of the last trading period, Sportsman's Warehouse closed at $17.95.
  • According to Stifel, the prior rating for The Simply Good Foods Co SMPL was changed from Buy to Hold. Simply Good Foods earned $0.29 in the first quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $32.03 and a 52-week-low of $14.08. At the end of the last trading period, Simply Good Foods closed at $30.06.
  • Baird downgraded the previous rating for Regions Financial Corp RF from Outperform to Neutral. For the third quarter, Regions Financial had an EPS of $0.52, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $17.49 and a 52-week-low of $6.94. At the end of the last trading period, Regions Financial closed at $17.25.
  • According to Baird, the prior rating for Northrop Grumman Corp NOC was changed from Outperform to Neutral. In the third quarter, Northrop Grumman showed an EPS of $5.89, compared to $5.49 from the year-ago quarter. The current stock performance of Northrop Grumman shows a 52-week-high of $385.00 and a 52-week-low of $263.31. Moreover, at the end of the last trading period, the closing price was at $299.20.
  • For Noah Holdings Ltd NOAH, JP Morgan downgraded the previous rating of Overweight to Neutral. In the third quarter, Noah Holdings showed an EPS of $0.71, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $49.78 and a 52-week-low of $20.42. At the end of the last trading period, Noah Holdings closed at $49.31.
  • For Lockheed Martin Corp LMT, Baird downgraded the previous rating of Outperform to Neutral. Lockheed Martin earned $6.25 in the third quarter, compared to $5.66 in the year-ago quarter. The stock has a 52-week-high of $442.53 and a 52-week-low of $266.11. At the end of the last trading period, Lockheed Martin closed at $348.17.
  • According to Baird, the prior rating for L3Harris Technologies Inc LHX was changed from Outperform to Neutral. For the third quarter, L3Harris Technologies had an EPS of $2.84, compared to year-ago quarter EPS of $2.58. The current stock performance of L3Harris Technologies shows a 52-week-high of $230.99 and a 52-week-low of $142.01. Moreover, at the end of the last trading period, the closing price was at $182.86.
  • JP Morgan downgraded the previous rating for Coca-Cola Co KO from Overweight to Neutral. In the third quarter, Coca-Cola showed an EPS of $0.55, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $60.13 and a 52-week-low of $36.27. At the end of the last trading period, Coca-Cola closed at $50.52.
  • According to Stephens & Co., the prior rating for Domino's Pizza Inc DPZ was changed from Overweight to Equal-Weight. Domino's Pizza earned $2.49 in the third quarter, compared to $2.05 in the year-ago quarter. The current stock performance of Domino's Pizza shows a 52-week-high of $435.58 and a 52-week-low of $270.08. Moreover, at the end of the last trading period, the closing price was at $385.01.
  • According to Baird, the prior rating for Curtiss-Wright Corp CW was changed from Outperform to Neutral. For the third quarter, Curtiss-Wright had an EPS of $1.85, compared to year-ago quarter EPS of $1.95. The current stock performance of Curtiss-Wright shows a 52-week-high of $149.90 and a 52-week-low of $70.56. Moreover, at the end of the last trading period, the closing price was at $119.38.
  • Guggenheim downgraded the previous rating for Change Healthcare Inc CHNG from Buy to Neutral. Change Healthcare earned $0.32 in the second quarter, compared to $0.27 in the year-ago quarter. The current stock performance of Change Healthcare shows a 52-week-high of $24.21 and a 52-week-low of $6.18. Moreover, at the end of the last trading period, the closing price was at $23.72.
  • According to Jefferies, the prior rating for Air Products & Chemicals Inc APD was changed from Buy to Hold. In the fourth quarter, Air Products & Chemicals showed an EPS of $2.19, compared to $2.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $327.89 and a 52-week-low of $167.43. Air Products & Chemicals closed at $289.83 at the end of the last trading period.
  • For Ferrari NV RACE, Citigroup downgraded the previous rating of Buy to Neutral. Ferrari earned $1.08 in the third quarter, compared to $0.98 in the year-ago quarter. The stock has a 52-week-high of $233.66 and a 52-week-low of $127.73. At the end of the last trading period, Ferrari closed at $221.88.

 

Initiations

  • Truist Securities initiated coverage on Incyte Corp INCY with a Buy rating. The price target for Incyte is set to $120.00. Incyte earned $0.23 in the third quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $110.36 and a 52-week-low of $62.48. Incyte closed at $84.31 at the end of the last trading period.
  • BTIG initiated coverage on Conversion Labs Inc CVLB with a Buy rating. The price target for Conversion Labs is set to $15.00. The current stock performance of Conversion Labs shows a 52-week-high of $10.53 and a 52-week-low of $0.15. Moreover, at the end of the last trading period, the closing price was at $5.99.
  • BTIG initiated coverage on Teladoc Health Inc TDOC with a Buy rating. The price target for Teladoc Health is set to $240.00. Teladoc Health earned $0.13 in the third quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $253.00 and a 52-week-low of $82.28. At the end of the last trading period, Teladoc Health closed at $204.38.
  • Cantor Fitzgerald initiated coverage on Orchard Therapeutics PLC ORTX with an Overweight rating. The price target for Orchard Therapeutics is set to $16.00. Orchard Therapeutics earned $0.20 in the third quarter, compared to $0.38 in the year-ago quarter. The current stock performance of Orchard Therapeutics shows a 52-week-high of $15.93 and a 52-week-low of $3.76. Moreover, at the end of the last trading period, the closing price was at $6.50.
  • For 1Life Healthcare Inc ONEM, BTIG initiated coverage, by setting the current rating at Neutral. 1Life Healthcare earned $0.13 in the third quarter. At the moment, the stock has a 52-week-high of $44.87 and a 52-week-low of $15.00. 1Life Healthcare closed at $42.29 at the end of the last trading period.
  • With a Buy rating, Mizuho initiated coverage on Magenta Therapeutics Inc MGTA. The price target seems to have been set at $16.00 for Magenta Therapeutics. In the third quarter, Magenta Therapeutics showed an EPS of $0.37, compared to $0.54 from the year-ago quarter. The stock has a 52-week-high of $15.90 and a 52-week-low of $5.76. At the end of the last trading period, Magenta Therapeutics closed at $7.89.
  • BTIG initiated coverage on Inovalon Holdings Inc INOV with a Buy rating. The price target for Inovalon Holdings is set to $25.00. Inovalon Holdings earned $0.16 in the third quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $27.93 and a 52-week-low of $13.39. At the end of the last trading period, Inovalon Holdings closed at $19.58.
  • BTIG initiated coverage on HealthEquity Inc HQY with a Neutral rating. For the third quarter, HealthEquity had an EPS of $0.41, compared to year-ago quarter EPS of $0.47. The stock has a 52-week-high of $88.78 and a 52-week-low of $34.40. At the end of the last trading period, HealthEquity closed at $76.32.
  • Jefferies initiated coverage on FuelCell Energy Inc FCEL with a Hold rating. The price target for FuelCell Energy is set to $11.00. For the third quarter, FuelCell Energy had an EPS of $0.07, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $13.91 and a 52-week-low of $1.00. At the end of the last trading period, FuelCell Energy closed at $12.30.
  • BTIG initiated coverage on Evolent Health Inc EVH with a Buy rating. The price target for Evolent Health is set to $20.00. In the third quarter, Evolent Health showed an EPS of $0.03, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $17.11 and a 52-week-low of $3.50. At the end of the last trading period, Evolent Health closed at $16.73.
  • For Black Diamond Therapeutics Inc BDTX, Wedbush initiated coverage, by setting the current rating at Outperform. In the third quarter, Black Diamond Therapeutic showed an EPS of $0.50, compared to $4.50 from the year-ago quarter. The stock has a 52-week-high of $46.25 and a 52-week-low of $17.63. At the end of the last trading period, Black Diamond Therapeutic closed at $33.23.
  • Atlantic Equities initiated coverage on American Water Works Co Inc AWK with an Overweight rating. In the third quarter, American Water Works Co showed an EPS of $1.46, compared to $1.33 from the year-ago quarter. At the moment, the stock has a 52-week-high of $172.56 and a 52-week-low of $92.00. American Water Works Co closed at $152.35 at the end of the last trading period.
  • For Arcturus Therapeutics Holdings Inc ARCT, Wells Fargo initiated coverage, by setting the current rating at Overweight. In the third quarter, Arcturus Therapeutics showed an EPS of $0.92, compared to $0.56 from the year-ago quarter. The current stock performance of Arcturus Therapeutics shows a 52-week-high of $129.71 and a 52-week-low of $8.51. Moreover, at the end of the last trading period, the closing price was at $49.37.
  • For American Well Corp AMWL, BTIG initiated coverage, by setting the current rating at Neutral. American Well earned $0.92 in the third quarter. The current stock performance of American Well shows a 52-week-high of $41.80 and a 52-week-low of $21.34. Moreover, at the end of the last trading period, the closing price was at $25.66.
  • With a Buy rating, BTIG initiated coverage on Accolade Inc ACCD. The price target seems to have been set at $55.00 for Accolade. The current stock performance of Accolade shows a 52-week-high of $65.25 and a 52-week-low of $29.50. Moreover, at the end of the last trading period, the closing price was at $44.05.
  • With an Overweight rating, KeyBanc initiated coverage on Dada Nexus Ltd DADA. The price target seems to have been set at $55.00 for Dada Nexus. Interestingly, in the third quarter, Dada Nexus's EPS was $0.05. The stock has a 52-week-high of $61.27 and a 52-week-low of $14.60. At the end of the last trading period, Dada Nexus closed at $39.90.
  • KeyBanc initiated coverage on Veeva Systems Inc VEEV with an Overweight rating. The price target for Veeva Systems is set to $332.00. In the third quarter, Veeva Systems showed an EPS of $0.78, compared to $0.60 from the year-ago quarter. The current stock performance of Veeva Systems shows a 52-week-high of $313.99 and a 52-week-low of $118.11. Moreover, at the end of the last trading period, the closing price was at $268.69.

Posted In: BZI-RatingsUpgradesDowngradesInitiationIntraday UpdateAnalyst Ratings

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.