Benzinga's Top Ratings Upgrades, Downgrades For January 29, 2021

Upgrades

• For Western Digital Corp WDC, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. In the second quarter, Western Digital showed an EPS of $0.69, compared to $0.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $71.30 and a 52-week-low of $27.40. Western Digital closed at $52.65 at the end of the last trading period.
• According to Cowen & Co., the prior rating for Ultra Clean Holdings Inc UCTT was changed from Market Perform to Outperform. Ultra Clean Holdings earned $0.73 in the third quarter, compared to $0.21 in the year-ago quarter. The current stock performance of Ultra Clean Holdings shows a 52-week-high of $44.39 and a 52-week-low of $11.79. Moreover, at the end of the last trading period, the closing price was at $37.83.
• According to JP Morgan, the prior rating for Spire Inc SR was changed from Neutral to Overweight. In the fourth quarter, Spire showed an EPS of $0.37, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $87.96 and a 52-week-low of $50.58. Spire closed at $60.61 at the end of the last trading period.
• According to RBC Capital, the prior rating for SLM Corp SLM was changed from Sector Perform to Outperform. For the fourth quarter, SLM had an EPS of $1.15, compared to year-ago quarter EPS of $0.33. The current stock performance of SLM shows a 52-week-high of $14.16 and a 52-week-low of $5.60. Moreover, at the end of the last trading period, the closing price was at $13.93.
• For PulteGroup Inc PHM, BTIG upgraded the previous rating of Neutral to Buy. PulteGroup earned $1.49 in the fourth quarter, compared to $1.14 in the year-ago quarter. The stock has a 52-week-high of $50.23 and a 52-week-low of $17.12. At the end of the last trading period, PulteGroup closed at $44.52.
• According to Wolfe Research, the prior rating for Lordstown Motors Corp RIDE was changed from Underperform to Peer Perform. For the third quarter, Lordstown Motors had an EPS of $0.00, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $30.75 and a 52-week-low of $12.80. Lordstown Motors closed at $25.32 at the end of the last trading period.
• For Lexicon Pharmaceuticals Inc LXRX, JP Morgan upgraded the previous rating of Underweight to Neutral. For the third quarter, Lexicon Pharmaceuticals had an EPS of $0.43, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $9.40 and a 52-week-low of $1.03. Lexicon Pharmaceuticals closed at $8.06 at the end of the last trading period.
• According to Cowen & Co., the prior rating for Ichor Holdings Ltd ICHR was changed from Market Perform to Outperform. For the third quarter, Ichor Holdings had an EPS of $0.62, compared to year-ago quarter EPS of $0.30. The current stock performance of Ichor Holdings shows a 52-week-high of $42.05 and a 52-week-low of $13.68. Moreover, at the end of the last trading period, the closing price was at $35.95.
• Morgan Stanley upgraded the previous rating for Cognizant Technology Solutions Corp CTSH from Equal-Weight to Overweight. For the third quarter, Cognizant Tech Solns had an EPS of $0.97, compared to year-ago quarter EPS of $1.08. The stock has a 52-week-high of $82.73 and a 52-week-low of $40.01. At the end of the last trading period, Cognizant Tech Solns closed at $78.90.
• According to Baird, the prior rating for Capri Holdings Ltd CPRI was changed from Neutral to Outperform. For the second quarter, Capri Holdings had an EPS of $0.90, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $46.79 and a 52-week-low of $5.42. Capri Holdings closed at $42.57 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for Boeing Co BA was changed from Underweight to Overweight. For the fourth quarter, Boeing had an EPS of $4.21, compared to year-ago quarter EPS of $2.33. At the moment, the stock has a 52-week-high of $349.95 and a 52-week-low of $89.00. Boeing closed at $197.25 at the end of the last trading period.
• For Alliance Data Systems Corp ADS, Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. In the fourth quarter, Alliance Data Systems showed an EPS of $3.31, compared to $4.12 from the year-ago quarter. The stock has a 52-week-high of $110.28 and a 52-week-low of $20.51. At the end of the last trading period, Alliance Data Systems closed at $70.70.
• For Automatic Data Processing Inc ADP, Citigroup upgraded the previous rating of Neutral to Buy. Automatic Data Processing earned $1.52 in the second quarter, compared to $1.52 in the year-ago quarter. The current stock performance of Automatic Data Processing shows a 52-week-high of $182.32 and a 52-week-low of $103.11. Moreover, at the end of the last trading period, the closing price was at $166.75.
• For NICE Ltd NICE, Barclays upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, NICE showed an EPS of $1.41, compared to $1.30 from the year-ago quarter. The stock has a 52-week-high of $288.73 and a 52-week-low of $110.59. At the end of the last trading period, NICE closed at $262.66.
• For Motorola Solutions Inc MSI, JP Morgan upgraded the previous rating of Underweight to Neutral. For the third quarter, Motorola Solutions had an EPS of $1.95, compared to year-ago quarter EPS of $2.04. The stock has a 52-week-high of $187.49 and a 52-week-low of $120.77. At the end of the last trading period, Motorola Solutions closed at $169.74.
• According to Cowen & Co., the prior rating for Jack In The Box Inc JACK was changed from Market Perform to Outperform. For the fourth quarter, Jack In The Box had an EPS of $1.61, compared to year-ago quarter EPS of $0.95. The current stock performance of Jack In The Box shows a 52-week-high of $104.39 and a 52-week-low of $16.81. Moreover, at the end of the last trading period, the closing price was at $94.28.

See all analyst ratings upgrades.

Downgrades

• According to Piper Sandler, the prior rating for Zynex Inc ZYXI was changed from Overweight to Neutral. Zynex earned $0.04 in the third quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $29.73 and a 52-week-low of $7.93. At the end of the last trading period, Zynex closed at $20.29.
• According to Baird, the prior rating for Stitch Fix Inc SFIX was changed from Outperform to Neutral. Stitch Fix earned $0.09 in the first quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $113.76 and a 52-week-low of $10.90. At the end of the last trading period, Stitch Fix closed at $99.87.
• BTIG downgraded the previous rating for Meritage Homes Corp MTH from Buy to Neutral. Meritage Homes earned $3.97 in the fourth quarter, compared to $2.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $117.06 and a 52-week-low of $25.24. Meritage Homes closed at $86.13 at the end of the last trading period.
• According to Wedbush, the prior rating for Lexicon Pharmaceuticals Inc LXRX was changed from Outperform to Neutral. In the third quarter, Lexicon Pharmaceuticals showed an EPS of $0.43, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.40 and a 52-week-low of $1.03. Lexicon Pharmaceuticals closed at $8.06 at the end of the last trading period.
• Morgan Stanley downgraded the previous rating for Jazz Pharmaceuticals PLC JAZZ from Overweight to Equal-Weight. For the third quarter, Jazz Pharmaceuticals had an EPS of $4.31, compared to year-ago quarter EPS of $4.10. The stock has a 52-week-high of $171.77 and a 52-week-low of $86.88. At the end of the last trading period, Jazz Pharmaceuticals closed at $163.25.
• Morgan Stanley downgraded the previous rating for DXC Technology Co DXC from Overweight to Equal-Weight. DXC Technology earned $0.64 in the second quarter, compared to $1.38 in the year-ago quarter. The stock has a 52-week-high of $35.75 and a 52-week-low of $7.90. At the end of the last trading period, DXC Technology closed at $29.24.
• According to Northland Capital Markets, the prior rating for Calix Inc CALX was changed from Outperform to Market Perform. In the fourth quarter, Calix showed an EPS of $0.45, compared to $0.09 from the year-ago quarter. The current stock performance of Calix shows a 52-week-high of $36.94 and a 52-week-low of $5.61. Moreover, at the end of the last trading period, the closing price was at $32.61.
• For Beam Therapeutics Inc BEAM, JP Morgan downgraded the previous rating of Overweight to Neutral. In the third quarter, Beam Therapeutics showed an EPS of $0.69, compared to $3.31 from the year-ago quarter. The current stock performance of Beam Therapeutics shows a 52-week-high of $122.81 and a 52-week-low of $13.00. Moreover, at the end of the last trading period, the closing price was at $99.89.
• For Autolus Therapeutics PLC AUTL, JP Morgan downgraded the previous rating of Overweight to Neutral. Autolus Therapeutics earned $0.72 in the third quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.19 and a 52-week-low of $3.00. Autolus Therapeutics closed at $7.64 at the end of the last trading period.
• According to JP Morgan, the prior rating for Aptinyx Inc APTX was changed from Neutral to Underweight. In the third quarter, Aptinyx showed an EPS of $0.24, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $6.47 and a 52-week-low of $1.60. At the end of the last trading period, Aptinyx closed at $3.70.
• JP Morgan downgraded the previous rating for Akebia Therapeutics Inc AKBA from Neutral to Underweight. Akebia Therapeutics earned $0.42 in the third quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $13.71 and a 52-week-low of $2.09. At the end of the last trading period, Akebia Therapeutics closed at $3.42.
• Credit Suisse downgraded the previous rating for Lincoln National Corp LNC from Outperform to Underperform. For the third quarter, Lincoln National had an EPS of $0.72, compared to year-ago quarter EPS of $2.22. At the moment, the stock has a 52-week-high of $61.96 and a 52-week-low of $16.11. Lincoln National closed at $48.52 at the end of the last trading period.
• According to Piper Sandler, the prior rating for Insulet Corp PODD was changed from Overweight to Neutral. In the third quarter, Insulet showed an EPS of $0.17, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $298.43 and a 52-week-low of $121.00. At the end of the last trading period, Insulet closed at $275.03.
• According to Piper Sandler, the prior rating for Baxter International Inc BAX was changed from Overweight to Neutral. Baxter International earned $0.83 in the third quarter, compared to $0.71 in the year-ago quarter. At the moment, the stock has a 52-week-high of $95.19 and a 52-week-low of $69.10. Baxter International closed at $77.12 at the end of the last trading period.
• For Glaukos Corp GKOS, Piper Sandler downgraded the previous rating of Overweight to Neutral. Glaukos earned $0.09 in the third quarter, compared to $0.10 in the year-ago quarter. The current stock performance of Glaukos shows a 52-week-high of $92.19 and a 52-week-low of $23.31. Moreover, at the end of the last trading period, the closing price was at $90.37.
• For Reinsurance Group of America Inc RGA, Credit Suisse downgraded the previous rating of Neutral to Underperform. In the third quarter, Reinsurance Group showed an EPS of $3.51, compared to $4.02 from the year-ago quarter. The stock has a 52-week-high of $156.14 and a 52-week-low of $55.39. At the end of the last trading period, Reinsurance Group closed at $110.82.
• Goldman Sachs downgraded the previous rating for NiSource Inc NI from Buy to Neutral. In the third quarter, NiSource showed an EPS of $0.09, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.46 and a 52-week-low of $19.56. NiSource closed at $22.16 at the end of the last trading period.
• According to Jefferies, the prior rating for Safe Bulkers Inc SB was changed from Buy to Hold. For the third quarter, Safe Bulkers had an EPS of $0.00, compared to year-ago quarter EPS of $0.03. The current stock performance of Safe Bulkers shows a 52-week-high of $1.99 and a 52-week-low of $0.74. Moreover, at the end of the last trading period, the closing price was at $1.66.

See all analyst ratings downgrades.

Initiations

• Raymond James initiated coverage on Open Lending Corp LPRO with a Strong Buy rating. The price target for Open Lending is set to $55.00. For the third quarter, Open Lending had an EPS of $0.62, compared to year-ago quarter EPS of $1.25. The current stock performance of Open Lending shows a 52-week-high of $40.00 and a 52-week-low of $12.70. Moreover, at the end of the last trading period, the closing price was at $34.38.
• Morgan Stanley initiated coverage on XPeng Inc XPEV with an Overweight rating. The price target for XPeng is set to $70.00. Interestingly, in the third quarter, XPeng's EPS was $0.32. The current stock performance of XPeng shows a 52-week-high of $74.49 and a 52-week-low of $17.11. Moreover, at the end of the last trading period, the closing price was at $50.25.
• Canaccord Genuity initiated coverage on XL Fleet Corp XL with a Buy rating. The price target for XL Fleet is set to $30.00. The stock has a 52-week-high of $35.00 and a 52-week-low of $17.25. At the end of the last trading period, XL Fleet closed at $19.09.
• JP Morgan initiated coverage on Vail Resorts Inc MTN with a Neutral rating. The price target for Vail Resorts is set to $290.00. Vail Resorts earned $3.82 in the first quarter, compared to $2.47 in the year-ago quarter. The current stock performance of Vail Resorts shows a 52-week-high of $300.00 and a 52-week-low of $125.00. Moreover, at the end of the last trading period, the closing price was at $267.58.
• New Street initiated coverage on PagSeguro Digital Ltd PAGS with a Buy rating. The price target for PagSeguro Digital is set to $64.00. PagSeguro Digital earned $0.15 in the third quarter, compared to $0.28 in the year-ago quarter. The current stock performance of PagSeguro Digital shows a 52-week-high of $59.38 and a 52-week-low of $13.58. Moreover, at the end of the last trading period, the closing price was at $49.66.
• With an Overweight rating, JP Morgan initiated coverage on IDEXX Laboratories Inc IDXX. The price target seems to have been set at $570.00 for IDEXX Laboratories. IDEXX Laboratories earned $1.69 in the third quarter, compared to $1.24 in the year-ago quarter. The stock has a 52-week-high of $516.87 and a 52-week-low of $168.65. At the end of the last trading period, IDEXX Laboratories closed at $482.27.
• With an Outperform rating, RBC Capital initiated coverage on IGM Biosciences Inc IGMS. The price target seems to have been set at $121.00 for IGM Biosciences. IGM Biosciences earned $0.66 in the third quarter, compared to $2.41 in the year-ago quarter. The stock has a 52-week-high of $133.00 and a 52-week-low of $27.55. At the end of the last trading period, IGM Biosciences closed at $95.34.
• With an Overweight rating, JP Morgan initiated coverage on Heska Corp HSKA. The price target seems to have been set at $195.00 for Heska. In the third quarter, Heska showed an EPS of $0.08, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $178.09 and a 52-week-low of $50.00. At the end of the last trading period, Heska closed at $173.87.
• With a Buy rating, Guggenheim initiated coverage on Ameresco Inc AMRC. The price target seems to have been set at $63.00 for Ameresco. In the third quarter, Ameresco showed an EPS of $0.38, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $63.45 and a 52-week-low of $13.38. Ameresco closed at $56.06 at the end of the last trading period.
• Guggenheim initiated coverage on Alto Ingredients Inc PEIX with a Buy rating. The price target for Alto Ingredients is set to $11.00. At the moment, the stock has a 52-week-high of $11.44 and a 52-week-low of $0.22. Alto Ingredients closed at $6.86 at the end of the last trading period.
• With an Outperform rating, RBC Capital initiated coverage on BELLUS Health Inc BLU. The price target seems to have been set at $8.00 for BELLUS Health. For the third quarter, BELLUS Health had an EPS of $0.09, compared to year-ago quarter EPS of $0.14. The current stock performance of BELLUS Health shows a 52-week-high of $12.03 and a 52-week-low of $2.01. Moreover, at the end of the last trading period, the closing price was at $3.13.
• Needham initiated coverage on TransUnion TRU with a Hold rating. TransUnion earned $0.81 in the third quarter, compared to $0.76 in the year-ago quarter. The current stock performance of TransUnion shows a 52-week-high of $102.80 and a 52-week-low of $52.50. Moreover, at the end of the last trading period, the closing price was at $89.52.
• With an Outperform rating, Oppenheimer initiated coverage on 9 Meters Biopharma Inc NMTR. The price target seems to have been set at $6.00 for 9 Meters Biopharma. For the third quarter, 9 Meters Biopharma had an EPS of $0.06, compared to year-ago quarter EPS of $0.26. The current stock performance of 9 Meters Biopharma shows a 52-week-high of $1.77 and a 52-week-low of $0.44. Moreover, at the end of the last trading period, the closing price was at $1.07.
• Cantor Fitzgerald initiated coverage on Aspira Womens Health Inc AWH with an Overweight rating. The price target for Aspira Womens Health is set to $10.00. For the third quarter, Aspira Womens Health had an EPS of $0.04, compared to year-ago quarter EPS of $0.04. The current stock performance of Aspira Womens Health shows a 52-week-high of $9.23 and a 52-week-low of $2.47. Moreover, at the end of the last trading period, the closing price was at $7.79.
• With an Overweight rating, KeyBanc initiated coverage on Lattice Semiconductor Corp LSCC. The price target seems to have been set at $50.00 for Lattice Semiconductor. Lattice Semiconductor earned $0.19 in the third quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $46.89 and a 52-week-low of $13.54. At the end of the last trading period, Lattice Semiconductor closed at $40.29.

See all analyst ratings initiations.