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.

See all analyst ratings initiations.