Benzinga's Top Ratings Upgrades, Downgrades For July 9, 2021

h2>Upgrades

According to HSBC, the prior rating for NIO Inc (NYSE:NIO) was changed from Hold to Buy. In the first quarter, NIO showed an EPS of $0.04, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.99 and a 52-week-low of $10.46. NIO closed at $45.60 at the end of the last trading period.

For State Street Corporation (NYSE:STT), UBS upgraded the previous rating of Neutral to Buy. In the first quarter, State Street showed an EPS of $1.47, compared to $1.67 from the year-ago quarter. The stock has a 52-week-high of $89.28 and a 52-week-low of $56.63. At the end of the last trading period, State Street closed at $79.59.

Morgan Stanley upgraded the previous rating for NOV Inc (NYSE:NOV) from Underweight to Equal-Weight. NOV earned $0.30 in the first quarter, compared to $0.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.02 and a 52-week-low of $7.70. NOV closed at $14.18 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Burberry Group PLC (OTC:BURBY) was changed from Neutral to Buy. At the moment, the stock has a 52-week-high of $32.17 and a 52-week-low of $16.30. Burberry Group closed at $27.39 at the end of the last trading period.

Deutsche Bank upgraded the previous rating for Terex Corp (NYSE:TEX) from Hold to Buy. In the first quarter, Terex showed an EPS of $0.60, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.60 and a 52-week-low of $17.19. Terex closed at $44.45 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Redburn Partners downgraded the previous rating for Nevro Corp (NYSE:NVRO) from Buy to Neutral. For the first quarter, Nevro had an EPS of $0.85, compared to year-ago quarter EPS of $0.78. At the moment, the stock has a 52-week-high of $188.14 and a 52-week-low of $111.87. Nevro closed at $153.01 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for Moncler SpA (OTC:MONRY) from Buy to Neutral. The current stock performance of Moncler shows a 52-week-high of $71.00 and a 52-week-low of $37.00. Moreover, at the end of the last trading period, the closing price was at $68.60.

According to Goldman Sachs, the prior rating for Salvatore Ferragamo SpA (OTC:SFRGY) was changed from Neutral to Sell. At the moment, the stock has a 52-week-high of $12.75 and a 52-week-low of $6.25. Salvatore Ferragamo closed at $10.35 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

For Latch Inc (NASDAQ:LTCH), William Blair initiated coverage, by setting the current rating at Outperform. At the moment, the stock has a 52-week-high of $13.17 and a 52-week-low of $10.26. Latch closed at $12.18 at the end of the last trading period.

For Nexus Real Estate Investment Trust (OTC:EFRTF), BMO Capital initiated coverage, by setting the current rating at Outperform. The current stock performance of Nexus REIT shows a 52-week-high of $8.14 and a 52-week-low of $1.00. Moreover, at the end of the last trading period, the closing price was at $8.14.

Societe Generale initiated coverage on UCB SA (OTC:UCBJY) with a Buy rating. The current stock performance of UCB shows a 52-week-high of $68.00 and a 52-week-low of $44.41. Moreover, at the end of the last trading period, the closing price was at $53.88.

RBC Capital initiated coverage on Forian Inc (NASDAQ:FORA) with an Outperform rating. The price target for Forian is set to $31.00. The stock has a 52-week-high of $45.00 and a 52-week-low of $9.28. At the end of the last trading period, Forian closed at $11.81.

RBC Capital initiated coverage on Bumble Inc (NASDAQ:BMBL) with an Outperform rating. The price target for Bumble is set to $65.00. In the first quarter, Bumble earned $1.69. The stock has a 52-week-high of $84.80 and a 52-week-low of $38.91. At the end of the last trading period, Bumble closed at $50.29.

With a Buy rating, BTIG initiated coverage on TaskUs Inc (NASDAQ:TASK). The price target seems to have been set at $45.00 for TaskUs. The current stock performance of TaskUs shows a 52-week-high of $35.62 and a 52-week-low of $27.06. Moreover, at the end of the last trading period, the closing price was at $31.21.

See all analyst ratings initiations.

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