Benzinga's Top Ratings Upgrades, Downgrades For May 3, 2023

Upgrades

Bernstein upgraded the previous rating for Marriott International Inc (NASDAQ:MAR) from Market Perform to Outperform. For the first quarter, Marriott Intl had an EPS of $2.09, compared to year-ago quarter EPS of $1.25. The stock has a 52-week-high of $183.33 and a 52-week-low of $131.02. At the end of the last trading period, Marriott Intl closed at $178.61.

According to Morgan Stanley, the prior rating for Globalstar Inc (AMEX:GSAT) was changed from Underweight to Equal-Weight. For the fourth quarter, Globalstar had an EPS of $0.00, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $2.97 and a 52-week-low of $0.85. At the end of the last trading period, Globalstar closed at $0.87.

See all analyst ratings upgrades.

Downgrades

Maxim Group downgraded the previous rating for Otter Tail Corp (NASDAQ:OTTR) from Buy to Hold. Otter Tail earned $1.49 in the first quarter, compared to $1.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $82.46 and a 52-week-low of $52.69. Otter Tail closed at $77.14 at the end of the last trading period.

According to B of A Securities, the prior rating for Clarus Corp (NASDAQ:CLAR) was changed from Buy to Neutral. In the first quarter, Clarus showed an EPS of $0.18, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.32 and a 52-week-low of $6.86. Clarus closed at $9.02 at the end of the last trading period.

According to Baird, the prior rating for Premier Inc (NASDAQ:PINC) was changed from Outperform to Neutral. For the third quarter, Premier had an EPS of $0.58, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $38.86 and a 52-week-low of $26.95. At the end of the last trading period, Premier closed at $26.96.

For IVERIC bio Inc (NASDAQ:ISEE), UBS downgraded the previous rating of Buy to Neutral. For the fourth quarter, IVERIC bio had an EPS of $0.47, compared to year-ago quarter EPS of $0.29. At the moment, the stock has a 52-week-high of $38.25 and a 52-week-low of $8.88. IVERIC bio closed at $37.72 at the end of the last trading period.

CFRA downgraded the previous rating for Cummins Inc (NYSE:CMI) from Strong Buy to Buy. In the first quarter, Cummins showed an EPS of $5.65, compared to $4.04 from the year-ago quarter. The stock has a 52-week-high of $261.91 and a 52-week-low of $184.35. At the end of the last trading period, Cummins closed at $227.64.

See all analyst ratings downgrades.

Initiations

With a Buy rating, EF Hutton initiated coverage on Coya Therapeutics Inc (NASDAQ:COYA). The price target seems to have been set at $28.00 for Coya Therapeutics. The current stock performance of Coya Therapeutics shows a 52-week-high of $5.67 and a 52-week-low of $3.69. Moreover, at the end of the last trading period, the closing price was at $4.58.

Roth MKM initiated coverage on FIGS Inc (NYSE:FIGS) with a Buy rating. The price target for FIGS is set to $9.00. FIGS earned $0.05 in the fourth quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $16.55 and a 52-week-low of $5.55. At the end of the last trading period, FIGS closed at $6.80.

See all analyst ratings initiations.

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