Benzinga's Top Ratings Upgrades, Downgrades For April 20, 2021

 

Upgrades

  • Compass Point upgraded the previous rating for Newtek Business Services Corp NEWT from Neutral to Buy. For the fourth quarter, Newtek Business Services had an EPS of $0.44, compared to year-ago quarter EPS of $0.68. The stock has a 52-week-high of $28.63 and a 52-week-low of $12.88. At the end of the last trading period, Newtek Business Services closed at $26.51.
  • B of A Securities upgraded the previous rating for Nucor Corp NUE from Underperform to Neutral. In the fourth quarter, Nucor showed an EPS of $1.30, compared to $0.52 from the year-ago quarter. The current stock performance of Nucor shows a 52-week-high of $82.76 and a 52-week-low of $35.32. Moreover, at the end of the last trading period, the closing price was at $79.38.
  • B of A Securities upgraded the previous rating for Steel Dynamics Inc STLD from Neutral to Buy. In the first quarter, Steel Dynamics showed an EPS of $2.10, compared to $0.88 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.72 and a 52-week-low of $20.58. Steel Dynamics closed at $51.19 at the end of the last trading period.
  • For Aegon NV AEG, Societe Generale upgraded the previous rating of Sell to Hold. Aegon earned $0.22 in the fourth quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $5.11 and a 52-week-low of $2.10. At the end of the last trading period, Aegon closed at $4.63.
  • According to Keefe, Bruyette & Woods, the prior rating for CIT Group Inc CIT was changed from Market Perform to Outperform. For the fourth quarter, CIT Group had an EPS of $1.50, compared to year-ago quarter EPS of $1.27. At the moment, the stock has a 52-week-high of $54.68 and a 52-week-low of $12.31. CIT Group closed at $52.99 at the end of the last trading period.
  • For Coupa Software Inc COUP, Piper Sandler upgraded the previous rating of Neutral to Overweight. Coupa Software earned $0.17 in the fourth quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $377.04 and a 52-week-low of $150.88. At the end of the last trading period, Coupa Software closed at $263.47.
  • National Bank Of Canada upgraded the previous rating for CAE Inc CAE from Sector Perform to Outperform. In the third quarter, CAE showed an EPS of $0.17, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.29 and a 52-week-low of $13.21. CAE closed at $29.29 at the end of the last trading period.

See all analyst ratings upgrades.

 

Downgrades

  • According to B. Riley FBR, the prior rating for Sterling Bancorp STL was changed from Buy to Neutral. For the first quarter, Sterling Bancorp had an EPS of $0.51, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $26.36 and a 52-week-low of $8.99. Sterling Bancorp closed at $24.60 at the end of the last trading period.
  • According to China Renaissance, the prior rating for Pinduoduo Inc PDD was changed from Buy to Hold. Pinduoduo earned $0.02 in the fourth quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $212.60 and a 52-week-low of $42.77. At the end of the last trading period, Pinduoduo closed at $132.80.
  • Cantor Fitzgerald downgraded the previous rating for Ovid Therapeutics Inc OVID from Overweight to Neutral. For the fourth quarter, Ovid Therapeutics had an EPS of $0.34, compared to year-ago quarter EPS of $0.35. At the moment, the stock has a 52-week-high of $9.40 and a 52-week-low of $2.25. Ovid Therapeutics closed at $3.70 at the end of the last trading period.
  • According to Stephens & Co., the prior rating for Chuy's Holdings Inc CHUY was changed from Overweight to Equal-Weight. For the fourth quarter, Chuy's Holdings had an EPS of $0.19, compared to year-ago quarter EPS of $0.17. The current stock performance of Chuy's Holdings shows a 52-week-high of $47.65 and a 52-week-low of $12.37. Moreover, at the end of the last trading period, the closing price was at $46.77.
  • According to Jefferies, the prior rating for PPD Inc PPD was changed from Buy to Hold. For the fourth quarter, PPD had an EPS of $0.39, compared to year-ago quarter EPS of $0.33. The current stock performance of PPD shows a 52-week-high of $46.49 and a 52-week-low of $21.46. Moreover, at the end of the last trading period, the closing price was at $46.20.
  • For Avis Budget Group Inc CAR, B of A Securities downgraded the previous rating of Buy to Neutral. For the fourth quarter, Avis Budget Gr had an EPS of $0.36, compared to year-ago quarter EPS of $0.73. At the moment, the stock has a 52-week-high of $79.99 and a 52-week-low of $9.44. Avis Budget Gr closed at $78.15 at the end of the last trading period.
  • For PRA Health Sciences Inc PRAH, Baird downgraded the previous rating of Outperform to Neutral. In the fourth quarter, PRA Health Sciences showed an EPS of $1.55, compared to $1.54 from the year-ago quarter. The stock has a 52-week-high of $162.72 and a 52-week-low of $85.45. At the end of the last trading period, PRA Health Sciences closed at $161.33.
  • Raymond James downgraded the previous rating for Webster Financial Corp WBS from Strong Buy to Outperform. In the first quarter, Webster Financial showed an EPS of $1.25, compared to $0.39 from the year-ago quarter. The current stock performance of Webster Financial shows a 52-week-high of $63.81 and a 52-week-low of $19.76. Moreover, at the end of the last trading period, the closing price was at $54.10.
  • For Nike Inc NKE, Citigroup downgraded the previous rating of Buy to Neutral. Nike earned $0.90 in the third quarter, compared to $0.78 in the year-ago quarter. The stock has a 52-week-high of $147.95 and a 52-week-low of $84.11. At the end of the last trading period, Nike closed at $132.53.
  • Goldman Sachs downgraded the previous rating for EOG Resources Inc EOG from Buy to Neutral. In the fourth quarter, EOG Resources showed an EPS of $0.71, compared to $1.35 from the year-ago quarter. The current stock performance of EOG Resources shows a 52-week-high of $77.14 and a 52-week-low of $31.22. Moreover, at the end of the last trading period, the closing price was at $71.37.
  • According to Raymond James, the prior rating for Clean Energy Fuels Corp CLNE was changed from Market Perform to Underperform. For the fourth quarter, Clean Energy Fuels had an EPS of $0.00, compared to year-ago quarter EPS of $0.21. The current stock performance of Clean Energy Fuels shows a 52-week-high of $19.79 and a 52-week-low of $1.67. Moreover, at the end of the last trading period, the closing price was at $11.84.
  • For Credicorp Ltd BAP, JP Morgan downgraded the previous rating of Neutral to Underweight. Credicorp earned $2.28 in the fourth quarter, compared to $3.68 in the year-ago quarter. At the moment, the stock has a 52-week-high of $172.12 and a 52-week-low of $110.47. Credicorp closed at $134.04 at the end of the last trading period.
  • BMO Capital downgraded the previous rating for Glatfelter Corp GLT from Outperform to Market Perform. In the fourth quarter, Glatfelter showed an EPS of $0.22, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.48 and a 52-week-low of $12.26. Glatfelter closed at $17.20 at the end of the last trading period.

See all analyst ratings downgrades.

 

Initiations

  • B of A Securities initiated coverage on Alignment Healthcare Inc ALHC with a Neutral rating. The price target for Alignment Healthcare is set to $29.00. The current stock performance of Alignment Healthcare shows a 52-week-high of $26.17 and a 52-week-low of $16.32. Moreover, at the end of the last trading period, the closing price was at $25.13.
  • Northland Capital Markets initiated coverage on Brainsway Ltd BWAY with an Outperform rating. The price target for Brainsway is set to $15.00. In the fourth quarter, Brainsway showed an EPS of $0.02, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.04 and a 52-week-low of $5.52. Brainsway closed at $8.92 at the end of the last trading period.
  • For Lyft Inc LYFT, Nomura initiated coverage, by setting the current rating at Neutral. Lyft earned $0.59 in the fourth quarter, compared to $0.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.28 and a 52-week-low of $21.34. Lyft closed at $61.87 at the end of the last trading period.
  • Nomura initiated coverage on Uber Technologies Inc UBER with a Buy rating. For the fourth quarter, Uber Technologies had an EPS of $0.54, compared to year-ago quarter EPS of $0.64. At the moment, the stock has a 52-week-high of $64.05 and a 52-week-low of $26.58. Uber Technologies closed at $57.85 at the end of the last trading period.
  • For Luminar Technologies Inc LAZR, B of A Securities initiated coverage, by setting the current rating at Neutral. At the moment, the stock has a 52-week-high of $47.80 and a 52-week-low of $16.75. Luminar Technologies closed at $16.84 at the end of the last trading period.
  • With a Buy rating, Jefferies initiated coverage on Hewlett Packard Enterprise Co HPE. The price target seems to have been set at $20.00 for Hewlett Packard. In the first quarter, Hewlett Packard showed an EPS of $0.52, compared to $0.44 from the year-ago quarter. The current stock performance of Hewlett Packard shows a 52-week-high of $16.14 and a 52-week-low of $8.29. Moreover, at the end of the last trading period, the closing price was at $15.97.
  • With a Buy rating, Jefferies initiated coverage on Cerecor Inc CERC. The price target seems to have been set at $4.00 for Cerecor. For the fourth quarter, Cerecor had an EPS of $0.19, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $4.50 and a 52-week-low of $1.97. Cerecor closed at $2.40 at the end of the last trading period.
  • Canaccord Genuity initiated coverage on Oramed Pharmaceuticals Inc ORMP with a Buy rating. The price target for Oramed Pharmaceuticals is set to $27.00. For the second quarter, Oramed Pharmaceuticals had an EPS of $0.17, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $12.73 and a 52-week-low of $2.40. At the end of the last trading period, Oramed Pharmaceuticals closed at $8.46.
  • With a Buy rating, Berenberg initiated coverage on CrowdStrike Holdings Inc CRWD. The price target seems to have been set at $260.00 for CrowdStrike Holdings. In the fourth quarter, CrowdStrike Holdings showed an EPS of $0.13, compared to $0.02 from the year-ago quarter. The current stock performance of CrowdStrike Holdings shows a 52-week-high of $251.28 and a 52-week-low of $62.77. Moreover, at the end of the last trading period, the closing price was at $213.37.
  • Deutsche Bank initiated coverage on Cisco Systems Inc CSCO with a Hold rating. The price target for Cisco Systems is set to $55.00. In the second quarter, Cisco Systems showed an EPS of $0.79, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $53.18 and a 52-week-low of $35.28. At the end of the last trading period, Cisco Systems closed at $52.85.
  • SVB Leerink initiated coverage on Design Therapeutics Inc DSGN with an Outperform rating. The price target for Design Therapeutics is set to $36.00. At the moment, the stock has a 52-week-high of $50.50 and a 52-week-low of $21.51. Design Therapeutics closed at $23.00 at the end of the last trading period.
  • Jefferies initiated coverage on Ikena Oncology Inc IKNA with a Buy rating. The stock has a 52-week-high of $37.61 and a 52-week-low of $14.16. At the end of the last trading period, Ikena Oncology closed at $19.94.
  • B of A Securities initiated coverage on Fisker Inc FSR with a Buy rating. The price target for Fisker is set to $31.00. In the fourth quarter, Fisker earned $0.05. The stock has a 52-week-high of $31.96 and a 52-week-low of $12.23. At the end of the last trading period, Fisker closed at $12.37.
  • B of A Securities initiated coverage on Lordstown Motors Corp RIDE with a Neutral rating. The price target for Lordstown Motors is set to $13.00. For the fourth quarter, Lordstown Motors had an EPS of $0.23, compared to year-ago quarter EPS of $0.10. The current stock performance of Lordstown Motors shows a 52-week-high of $31.57 and a 52-week-low of $8.90. Moreover, at the end of the last trading period, the closing price was at $9.20.
  • With an Overweight rating, Wells Fargo initiated coverage on ThredUp Inc TDUP. The price target seems to have been set at $22.00 for ThredUp. The stock has a 52-week-high of $31.60 and a 52-week-low of $14.23. At the end of the last trading period, ThredUp closed at $15.26.
  • B of A Securities initiated coverage on Velodyne Lidar Inc VLDR with an Underperform rating. Interestingly, in the fourth quarter, Velodyne Lidar's EPS was $0.12. The current stock performance of Velodyne Lidar shows a 52-week-high of $30.81 and a 52-week-low of $10.93. Moreover, at the end of the last trading period, the closing price was at $14.06.
  • B of A Securities initiated coverage on Veoneer Inc VNE with an Underperform rating. The price target for Veoneer is set to $18.00. Veoneer earned $0.82 in the fourth quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.71 and a 52-week-low of $7.31. Veoneer closed at $25.26 at the end of the last trading period.
  • For Alignment Healthcare Inc ALHC, William Blair initiated coverage, by setting the current rating at Outperform. The current stock performance of Alignment Healthcare shows a 52-week-high of $26.17 and a 52-week-low of $16.32. Moreover, at the end of the last trading period, the closing price was at $25.13.
  • For Ikena Oncology Inc IKNA, William Blair initiated coverage, by setting the current rating at Outperform. The current stock performance of Ikena Oncology shows a 52-week-high of $37.61 and a 52-week-low of $14.16. Moreover, at the end of the last trading period, the closing price was at $19.94.
  • With an Underperform rating, B of A Securities initiated coverage on Canoo Inc GOEV. The price target seems to have been set at $6.00 for Canoo. Canoo earned $0.08 in the fourth quarter. The current stock performance of Canoo shows a 52-week-high of $24.90 and a 52-week-low of $8.05. Moreover, at the end of the last trading period, the closing price was at $8.28.
  • BTIG initiated coverage on Pliant Therapeutics Inc PLRX with a Buy rating. The price target for Pliant Therapeutics is set to $51.00. Interestingly, in the fourth quarter, Pliant Therapeutics's EPS was $0.54. At the moment, the stock has a 52-week-high of $43.92 and a 52-week-low of $19.43. Pliant Therapeutics closed at $28.42 at the end of the last trading period.
  • Evercore ISI Group initiated coverage on Plug Power Inc PLUG with an Outperform rating. The price target for Plug Power is set to $42.00. In the fourth quarter, Plug Power showed an EPS of $0.05, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $75.49 and a 52-week-low of $3.79. At the end of the last trading period, Plug Power closed at $25.24.
  • Evercore ISI Group initiated coverage on Enphase Energy Inc ENPH with an Outperform rating. The price target for Enphase Energy is set to $184.00. In the fourth quarter, Enphase Energy showed an EPS of $0.51, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $229.04 and a 52-week-low of $34.34. Enphase Energy closed at $141.14 at the end of the last trading period.
  • With an Outperform rating, Evercore ISI Group initiated coverage on TPI Composites Inc TPIC. The price target seems to have been set at $65.00 for TPI Composites. For the fourth quarter, TPI Composites had an EPS of $0.14, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $81.36 and a 52-week-low of $14.24. At the end of the last trading period, TPI Composites closed at $48.70.
  • With an Outperform rating, Evercore ISI Group initiated coverage on Sunnova Energy International Inc NOVA. The price target seems to have been set at $52.00 for Sunnova Energy Intl. For the fourth quarter, Sunnova Energy Intl had an EPS of $0.00, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $57.70 and a 52-week-low of $9.98. Sunnova Energy Intl closed at $34.96 at the end of the last trading period.
  • With an Outperform rating, Evercore ISI Group initiated coverage on Sunrun Inc RUN. The price target seems to have been set at $87.00 for Sunrun. In the fourth quarter, Sunrun showed an EPS of $0.88, compared to $0.10 from the year-ago quarter. The current stock performance of Sunrun shows a 52-week-high of $100.93 and a 52-week-low of $11.34. Moreover, at the end of the last trading period, the closing price was at $48.54.
  • With a Equal-Weight rating, Wells Fargo initiated coverage on Ballard Power Systems Inc BLDP. The price target seems to have been set at $26.00 for Ballard Power Systems. For the fourth quarter, Ballard Power Systems had an EPS of $0.05, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $42.28 and a 52-week-low of $8.87. At the end of the last trading period, Ballard Power Systems closed at $20.26.
  • Goldman Sachs initiated coverage on ThredUp Inc TDUP with a Buy rating. The price target for ThredUp is set to $20.00. The stock has a 52-week-high of $31.60 and a 52-week-low of $14.23. At the end of the last trading period, ThredUp closed at $15.26.
  • With a Buy rating, Goldman Sachs initiated coverage on Zhihu Inc ZH. The price target seems to have been set at $15.60 for Zhihu. At the moment, the stock has a 52-week-high of $9.83 and a 52-week-low of $6.81. Zhihu closed at $9.44 at the end of the last trading period.
  • With a Equal-Weight rating, Wells Fargo initiated coverage on Plug Power Inc PLUG. The price target seems to have been set at $30.00 for Plug Power. Plug Power earned $0.05 in the fourth quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $75.49 and a 52-week-low of $3.79. At the end of the last trading period, Plug Power closed at $25.24.
  • With a Neutral rating, Goldman Sachs initiated coverage on Design Therapeutics Inc DSGN. The price target seems to have been set at $28.00 for Design Therapeutics. The stock has a 52-week-high of $50.50 and a 52-week-low of $21.51. At the end of the last trading period, Design Therapeutics closed at $23.00.
  • With a Neutral rating, Goldman Sachs initiated coverage on TG Therapeutics Inc TGTX. The price target seems to have been set at $50.00 for TG Therapeutics. For the fourth quarter, TG Therapeutics had an EPS of $0.71, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $56.74 and a 52-week-low of $10.65. At the end of the last trading period, TG Therapeutics closed at $42.81.
  • With an Overweight rating, Stephens & Co. initiated coverage on Wingstop Inc WING. The price target seems to have been set at $172.00 for Wingstop. For the fourth quarter, Wingstop had an EPS of $0.18, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $172.87 and a 52-week-low of $101.73. Wingstop closed at $137.69 at the end of the last trading period.
  • With an Overweight rating, JP Morgan initiated coverage on Edgewise Therapeutics Inc EWTX. The price target seems to have been set at $34.00 for Edgewise Therapeutics. The stock has a 52-week-high of $40.49 and a 52-week-low of $23.56. At the end of the last trading period, Edgewise Therapeutics closed at $26.76.
  • Wells Fargo initiated coverage on Bloom Energy Corp BE with an Overweight rating. The price target for Bloom Energy is set to $43.00. For the fourth quarter, Bloom Energy had an EPS of $0.08, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $44.95 and a 52-week-low of $6.53. At the end of the last trading period, Bloom Energy closed at $22.29.
  • Credit Suisse initiated coverage on Ikena Oncology Inc IKNA with an Outperform rating. The price target for Ikena Oncology is set to $30.00. The stock has a 52-week-high of $37.61 and a 52-week-low of $14.16. At the end of the last trading period, Ikena Oncology closed at $19.94.
  • With an Overweight rating, Stephens & Co. initiated coverage on Fiesta Restaurant Group Inc FRGI. The price target seems to have been set at $17.00 for Fiesta Restaurant Gr. In the fourth quarter, Fiesta Restaurant Gr showed an EPS of $0.07, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.52 and a 52-week-low of $5.36. Fiesta Restaurant Gr closed at $13.34 at the end of the last trading period.
  • With a Market Outperform rating, JMP Securities initiated coverage on Bicycle Therapeutics PLC BCYC. The price target seems to have been set at $53.00 for Bicycle Therapeutics. Bicycle Therapeutics earned $0.83 in the fourth quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $33.20 and a 52-week-low of $12.54. At the end of the last trading period, Bicycle Therapeutics closed at $28.10.
  • Morgan Stanley initiated coverage on ThredUp Inc TDUP with a Equal-Weight rating. The price target for ThredUp is set to $16.00. At the moment, the stock has a 52-week-high of $31.60 and a 52-week-low of $14.23. ThredUp closed at $15.26 at the end of the last trading period.
  • With an Outperform rating, Raymond James initiated coverage on Rackspace Technology Inc RXT. The price target seems to have been set at $28.50 for Rackspace Technology. Interestingly, in the fourth quarter, Rackspace Technology's EPS was $0.26. At the moment, the stock has a 52-week-high of $26.43 and a 52-week-low of $15.44. Rackspace Technology closed at $25.34 at the end of the last trading period.
  • With an Overweight rating, Barclays initiated coverage on ThredUp Inc TDUP. The price target seems to have been set at $19.00 for ThredUp. The current stock performance of ThredUp shows a 52-week-high of $31.60 and a 52-week-low of $14.23. Moreover, at the end of the last trading period, the closing price was at $15.26.

See all analyst ratings initiations.

Posted In: BZI-RatingsUpgradesDowngradesInitiationIntraday UpdateAnalyst Ratings