Benzinga's Top Ratings Upgrades, Downgrades For June 6, 2022

Upgrades

For Ryder System Inc R, Wolfe Research upgraded the previous rating of Underperform to Peer Perform. Ryder System earned $3.59 in the first quarter, compared to $1.09 in the year-ago quarter. The stock has a 52-week-high of $93.05 and a 52-week-low of $61.71. At the end of the last trading period, Ryder System closed at $81.60.

According to B of A Securities, the prior rating for CAE Inc CAE was changed from Underperform to Neutral. For the fourth quarter, CAE had an EPS of $0.23, compared to year-ago quarter EPS of $0.17. The current stock performance of CAE shows a 52-week-high of $34.19 and a 52-week-low of $20.96. Moreover, at the end of the last trading period, the closing price was at $26.93.

For Ardagh Metal Packaging SA AMBP, Barclays upgraded the previous rating of Equal-Weight to Overweight. The stock has a 52-week-high of $12.43 and a 52-week-low of $5.35. At the end of the last trading period, Ardagh Metal Packaging closed at $6.75.

According to Edward Jones, the prior rating for American Express Co AXP was changed from Hold to Buy. In the first quarter, American Express showed an EPS of $2.73, compared to $2.74 from the year-ago quarter. The current stock performance of American Express shows a 52-week-high of $199.55 and a 52-week-low of $149.71. Moreover, at the end of the last trading period, the closing price was at $166.83.

Morgan Stanley upgraded the previous rating for CrowdStrike Holdings Inc CRWD from Equal-Weight to Overweight. CrowdStrike Holdings earned $0.31 in the first quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $298.48 and a 52-week-low of $130.00. At the end of the last trading period, CrowdStrike Holdings closed at $162.10.

For Spotify Technology SA SPOT, Raymond James upgraded the previous rating of Market Perform to Outperform. In the first quarter, Spotify Technology showed an EPS of $0.24, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $305.60 and a 52-week-low of $89.03. At the end of the last trading period, Spotify Technology closed at $112.23.

For Lululemon Athletica Inc LULU, Bernstein upgraded the previous rating of Underperform to Market Perform. For the first quarter, Lululemon Athletica had an EPS of $1.48, compared to year-ago quarter EPS of $1.16. The stock has a 52-week-high of $485.82 and a 52-week-low of $251.51. At the end of the last trading period, Lululemon Athletica closed at $300.80.

For American Software Inc AMSWA, B. Riley Securities upgraded the previous rating of Neutral to Buy. American Software earned $0.11 in the third quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $33.27 and a 52-week-low of $15.02. At the end of the last trading period, American Software closed at $17.08.

Stifel upgraded the previous rating for Aurora Cannabis Inc ACB from Sell to Hold. In the third quarter, Aurora Cannabis showed an EPS of $0.33, compared to $0.67 from the year-ago quarter. The current stock performance of Aurora Cannabis shows a 52-week-high of $10.64 and a 52-week-low of $1.50. Moreover, at the end of the last trading period, the closing price was at $1.60.

According to RBC Capital, the prior rating for ResMed Inc RMD was changed from Sector Perform to Outperform. ResMed earned $1.32 in the third quarter, compared to $1.30 in the year-ago quarter. The current stock performance of ResMed shows a 52-week-high of $301.34 and a 52-week-low of $189.40. Moreover, at the end of the last trading period, the closing price was at $208.31.

See all analyst ratings upgrades.

Downgrades

According to CLSA, the prior rating for Futu Holdings Ltd FUTU was changed from Underperform to Sell. In the first quarter, Futu Holdings showed an EPS of $0.53, compared to $1.03 from the year-ago quarter. The current stock performance of Futu Holdings shows a 52-week-high of $181.44 and a 52-week-low of $21.23. Moreover, at the end of the last trading period, the closing price was at $36.86.

For Turning Point Therapeutics Inc TPTX, Cowen & Co. downgraded the previous rating of Outperform to Market Perform. For the first quarter, Turning Point had an EPS of $1.50, compared to year-ago quarter EPS of $0.73. The current stock performance of Turning Point shows a 52-week-high of $83.06 and a 52-week-low of $23.77. Moreover, at the end of the last trading period, the closing price was at $74.59.

According to HC Wainwright & Co., the prior rating for Turning Point Therapeutics Inc TPTX was changed from Buy to Neutral. For the first quarter, Turning Point had an EPS of $1.50, compared to year-ago quarter EPS of $0.73. The current stock performance of Turning Point shows a 52-week-high of $83.06 and a 52-week-low of $23.77. Moreover, at the end of the last trading period, the closing price was at $74.59.

For L.B. Foster Co FSTR, B. Riley Securities downgraded the previous rating of Buy to Neutral. L.B. Foster earned $0.15 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.39 and a 52-week-low of $12.04. L.B. Foster closed at $13.09 at the end of the last trading period.

UBS downgraded the previous rating for Edison International EIX from Buy to Neutral. For the first quarter, Edison had an EPS of $1.07, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $73.32 and a 52-week-low of $54.14. Edison closed at $69.78 at the end of the last trading period.

RBC Capital downgraded the previous rating for Dun & Bradstreet Holdings Inc DNB from Outperform to Sector Perform. For the first quarter, Dun & Bradstreet Hldgs had an EPS of $0.24, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $22.88 and a 52-week-low of $14.30. At the end of the last trading period, Dun & Bradstreet Hldgs closed at $16.45.

Raymond James downgraded the previous rating for Bristol-Myers Squibb Co BMY from Outperform to Market Perform. Bristol-Myers Squibb earned $1.96 in the first quarter, compared to $1.74 in the year-ago quarter. The current stock performance of Bristol-Myers Squibb shows a 52-week-high of $78.61 and a 52-week-low of $53.22. Moreover, at the end of the last trading period, the closing price was at $75.17.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Colliers Securities initiated coverage on Modiv Inc MDV. The price target seems to have been set at $22.00 for Modiv. At the moment, the stock has a 52-week-high of $89.99 and a 52-week-low of $15.01. Modiv closed at $18.72 at the end of the last trading period.

ThinkEquity initiated coverage on Pyxis Tankers Inc PXS with a Buy rating. The price target for Pyxis Tankers is set to $5.00. For the first quarter, Pyxis Tankers had an EPS of $0.08, compared to year-ago quarter EPS of $0.28. The current stock performance of Pyxis Tankers shows a 52-week-high of $2.99 and a 52-week-low of $0.35. Moreover, at the end of the last trading period, the closing price was at $2.65.

With an Overweight rating, Stephens & Co. initiated coverage on Hanover Bancorp Inc HNVR. The price target seems to have been set at $25.50 for Hanover Bancorp. The stock has a 52-week-high of $24.68 and a 52-week-low of $20.11. At the end of the last trading period, Hanover Bancorp closed at $20.61.

With a Buy rating, Maxim Group initiated coverage on LM Funding America Inc LMFA. The price target seems to have been set at $4.00 for LM Funding America. In the first quarter, LM Funding America showed an EPS of $0.44, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $7.81 and a 52-week-low of $1.06. At the end of the last trading period, LM Funding America closed at $1.38.

With an Underperform rating, Jefferies initiated coverage on Relay Therapeutics Inc RLAY. The price target seems to have been set at $13.00 for Relay Therapeutics. In the first quarter, Relay Therapeutics showed an EPS of $0.57, compared to $0.47 from the year-ago quarter. The current stock performance of Relay Therapeutics shows a 52-week-high of $38.60 and a 52-week-low of $14.37. Moreover, at the end of the last trading period, the closing price was at $17.53.

Morgan Stanley initiated coverage on SEMrush Holdings Inc SEMR with a Equal-Weight rating. The price target for SEMrush Hldgs is set to $13.00. For the first quarter, SEMrush Hldgs had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $32.48 and a 52-week-low of $7.41. SEMrush Hldgs closed at $11.01 at the end of the last trading period.

With an Overweight rating, Piper Sandler initiated coverage on Hanover Bancorp Inc HNVR. The price target seems to have been set at $26.00 for Hanover Bancorp. At the moment, the stock has a 52-week-high of $24.68 and a 52-week-low of $20.11. Hanover Bancorp closed at $20.61 at the end of the last trading period.

Raymond James initiated coverage on DoorDash Inc DASH with a Market Perform rating. DoorDash earned $0.48 in the first quarter, compared to $0.34 in the year-ago quarter. The current stock performance of DoorDash shows a 52-week-high of $257.25 and a 52-week-low of $57.60. Moreover, at the end of the last trading period, the closing price was at $68.04.

With a Buy rating, Citigroup initiated coverage on Bausch & Lomb Corp BLCO. The price target seems to have been set at $22.00 for Bausch & Lomb. The current stock performance of Bausch & Lomb shows a 52-week-high of $20.20 and a 52-week-low of $15.90. Moreover, at the end of the last trading period, the closing price was at $16.61.

With an Overweight rating, JP Morgan initiated coverage on Controladora Vuela Compania de Aviacion SAB de CV VLRS. The price target seems to have been set at $23.00 for Controladora Vuela. In the first quarter, Controladora Vuela showed an EPS of $0.42, compared to $0.31 from the year-ago quarter. The stock has a 52-week-high of $23.58 and a 52-week-low of $12.40. At the end of the last trading period, Controladora Vuela closed at $14.90.

With an Outperform rating, SVB Leerink initiated coverage on Selecta Biosciences Inc SELB. The price target seems to have been set at $7.00 for Selecta Biosciences. Selecta Biosciences earned $0.08 in the first quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $5.28 and a 52-week-low of $0.65. At the end of the last trading period, Selecta Biosciences closed at $0.88.

With an Outperform rating, Cowen & Co. initiated coverage on GXO Logistics Inc GXO. The price target seems to have been set at $64.00 for GXO Logistics. The stock has a 52-week-high of $105.92 and a 52-week-low of $49.28. At the end of the last trading period, GXO Logistics closed at $54.43.

With a Buy rating, China Renaissance initiated coverage on Grab Holdings Inc GRAB. The price target seems to have been set at $4.20 for Grab Hldgs. At the moment, the stock has a 52-week-high of $13.29 and a 52-week-low of $2.26. Grab Hldgs closed at $2.54 at the end of the last trading period.

Jefferies initiated coverage on Regeneron Pharmaceuticals Inc REGN with an Underperform rating. The price target for Regeneron Pharmaceuticals is set to $536.00. In the first quarter, Regeneron Pharmaceuticals showed an EPS of $11.49, compared to $9.89 from the year-ago quarter. At the moment, the stock has a 52-week-high of $747.42 and a 52-week-low of $499.78. Regeneron Pharmaceuticals closed at $630.35 at the end of the last trading period.

See all analyst ratings initiations.

Posted In: BZI-RatingsUpgradesDowngradesInitiationIntraday UpdateAnalyst Ratings

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