Benzinga's Top Ratings Upgrades, Downgrades For January 27, 2021

Upgrades

For Dick's Sporting Goods Inc DKS, Citigroup upgraded the previous rating of Neutral to Buy. For the third quarter, Dick's Sporting Goods had an EPS of $2.01, compared to year-ago quarter EPS of $0.52. The stock has a 52-week-high of $72.78 and a 52-week-low of $13.46. At the end of the last trading period, Dick's Sporting Goods closed at $68.61.
For The Wendy's Co WEN, Deutsche Bank upgraded the previous rating of Hold to Buy. 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 $21.07 at the end of the last trading period.
According to Baird, the prior rating for Rockwell Automation Inc ROK was changed from Neutral to Outperform. In the first quarter, Rockwell Automation showed an EPS of $2.38, compared to $2.11 from the year-ago quarter. The stock has a 52-week-high of $268.91 and a 52-week-low of $115.38. At the end of the last trading period, Rockwell Automation closed at $244.46.
According to JP Morgan, the prior rating for News Corp NWSA was changed from Neutral to Overweight. In the first quarter, News showed an EPS of $0.08, compared to $0.04 from the year-ago quarter. The current stock performance of News shows a 52-week-high of $19.45 and a 52-week-low of $7.90. Moreover, at the end of the last trading period, the closing price was at $19.14.
JP Morgan upgraded the previous rating for 3M Co MMM from Neutral to Overweight. In the fourth quarter, 3M showed an EPS of $2.38, compared to $2.15 from the year-ago quarter. The stock has a 52-week-high of $180.59 and a 52-week-low of $114.04. At the end of the last trading period, 3M closed at $176.00.
According to KeyBanc, the prior rating for Dycom Industries Inc DY was changed from Sector Weight to Overweight. In the third quarter, Dycom Industries showed an EPS of $1.06, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $91.19 and a 52-week-low of $12.24. At the end of the last trading period, Dycom Industries closed at $87.91.

See all analyst ratings upgrades.

Downgrades

Citigroup downgraded the previous rating for Under Armour Inc UAA from Buy to Neutral. Interestingly, in the third quarter, Under Armour's EPS was $0.26. At the moment, the stock has a 52-week-high of $21.52 and a 52-week-low of $7.15. Under Armour closed at $18.51 at the end of the last trading period.
For Ulta Beauty Inc ULTA, Citigroup downgraded the previous rating of Buy to Neutral. For the third quarter, Ulta Beauty had an EPS of $1.64, compared to year-ago quarter EPS of $2.23. The stock has a 52-week-high of $310.49 and a 52-week-low of $124.05. At the end of the last trading period, Ulta Beauty closed at $295.72.
For Burlington Stores Inc BURL, Citigroup downgraded the previous rating of Buy to Neutral. Burlington Stores earned $0.29 in the third quarter, compared to $1.55 in the year-ago quarter. The current stock performance of Burlington Stores shows a 52-week-high of $271.75 and a 52-week-low of $105.67. Moreover, at the end of the last trading period, the closing price was at $251.13.
According to Wedbush, the prior rating for Bed Bath & Beyond Inc BBBY was changed from Outperform to Neutral. In the third quarter, Bed Bath & Beyond showed an EPS of $0.08, compared to $0.38 from the year-ago quarter. The stock has a 52-week-high of $47.73 and a 52-week-low of $3.43. At the end of the last trading period, Bed Bath & Beyond closed at $36.87.
According to Credit Suisse, the prior rating for Xerox Holdings Corp XRX was changed from Outperform to Neutral. In the fourth quarter, Xerox Holdings showed an EPS of $0.58, compared to $1.33 from the year-ago quarter. The current stock performance of Xerox Holdings shows a 52-week-high of $38.69 and a 52-week-low of $14.22. Moreover, at the end of the last trading period, the closing price was at $21.10.
Piper Sandler downgraded the previous rating for SunPower Corp SPWR from Overweight to Neutral. In the third quarter, SunPower showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $54.99 and a 52-week-low of $4.03. SunPower closed at $53.92 at the end of the last trading period.
For United Natural Foods Inc UNFI, Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. For the first quarter, United Natural Foods had an EPS of $0.51, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $32.14 and a 52-week-low of $5.00. United Natural Foods closed at $31.25 at the end of the last trading period.
According to Nordea, the prior rating for Spotify Technology SA SPOT was changed from Buy to Hold. For the third quarter, Spotify Technology had an EPS of $0.68, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $370.95 and a 52-week-low of $109.18. At the end of the last trading period, Spotify Technology closed at $336.44.
According to Baird, the prior rating for Bed Bath & Beyond Inc BBBY was changed from Outperform to Neutral. In the third quarter, Bed Bath & Beyond showed an EPS of $0.08, compared to $0.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.73 and a 52-week-low of $3.43. Bed Bath & Beyond closed at $36.87 at the end of the last trading period.
KeyBanc downgraded the previous rating for Visa Inc V from Overweight to Sector Weight. For the fourth quarter, Visa had an EPS of $1.12, compared to year-ago quarter EPS of $1.47. The current stock performance of Visa shows a 52-week-high of $220.39 and a 52-week-low of $133.93. Moreover, at the end of the last trading period, the closing price was at $202.01.
For MasTec Inc MTZ, KeyBanc downgraded the previous rating of Overweight to Sector Weight. In the third quarter, MasTec showed an EPS of $1.83, compared to $1.73 from the year-ago quarter. The stock has a 52-week-high of $83.20 and a 52-week-low of $22.51. At the end of the last trading period, MasTec closed at $81.09.
According to KeyBanc, the prior rating for Mastercard Inc MA was changed from Overweight to Sector Weight. Mastercard earned $1.60 in the third quarter, compared to $2.15 in the year-ago quarter. The stock has a 52-week-high of $367.25 and a 52-week-low of $199.99. At the end of the last trading period, Mastercard closed at $327.66.

See all analyst ratings downgrades.

Initiations

Piper Sandler initiated coverage on Ballard Power Systems Inc BLDP with a Neutral rating. The price target for Ballard Power Systems is set to $31.00. In the third quarter, Ballard Power Systems showed an EPS of $0.05, compared to $0.04 from the year-ago quarter. The current stock performance of Ballard Power Systems shows a 52-week-high of $38.68 and a 52-week-low of $6.95. Moreover, at the end of the last trading period, the closing price was at $37.31.
With a Equal-Weight rating, Wells Fargo initiated coverage on DoorDash Inc DASH. The price target seems to have been set at $185.00 for DoorDash. At the moment, the stock has a 52-week-high of $221.40 and a 52-week-low of $135.38. DoorDash closed at $198.08 at the end of the last trading period.
With a Neutral rating, Piper Sandler initiated coverage on Plug Power Inc PLUG. The price target seems to have been set at $66.00 for Plug Power. In the third quarter, Plug Power showed an EPS of $0.04, compared to $0.08 from the year-ago quarter. The current stock performance of Plug Power shows a 52-week-high of $75.49 and a 52-week-low of $2.53. Moreover, at the end of the last trading period, the closing price was at $73.18.
Bernstein initiated coverage on DraftKings Inc DKNG with an Outperform rating. The price target for DraftKings is set to $71.00. Interestingly, in the third quarter, DraftKings's EPS was $0.98. The stock has a 52-week-high of $64.19 and a 52-week-low of $18.00. At the end of the last trading period, DraftKings closed at $54.06.
With a Buy rating, MKM Partners initiated coverage on BP PLC BP. The price target seems to have been set at $31.00 for BP. BP earned $0.03 in the third quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $38.20 and a 52-week-low of $14.74. At the end of the last trading period, BP closed at $23.03.
Stifel initiated coverage on Berkeley Lights Inc BLI with a Buy rating. The price target for Berkeley Lights is set to $105.00. In the third quarter, Berkeley Lights earned $0.16. The current stock performance of Berkeley Lights shows a 52-week-high of $113.53 and a 52-week-low of $55.85. Moreover, at the end of the last trading period, the closing price was at $73.22.