Benzinga's Top Ratings Upgrades, Downgrades For May 9, 2023

Upgrades

For Albemarle Corp ALB, Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. In the first quarter, Albemarle showed an EPS of $10.32, compared to $2.38 from the year-ago quarter. The stock has a 52-week-high of $334.20 and a 52-week-low of $171.82. At the end of the last trading period, Albemarle closed at $185.88.

B of A Securities upgraded the previous rating for Enact Holdings Inc ACT from Underperform to Neutral. In the first quarter, Enact Holdings showed an EPS of $1.08, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.98 and a 52-week-low of $20.32. Enact Holdings closed at $23.85 at the end of the last trading period.

For Trex Co Inc TREX, B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Trex Co had an EPS of $0.38, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $67.69 and a 52-week-low of $38.73. Trex Co closed at $56.30 at the end of the last trading period.

For NeoGenomics Inc NEO, BTIG upgraded the previous rating of Neutral to Buy. For the first quarter, NeoGenomics had an EPS of $0.09, compared to year-ago quarter EPS of $0.20. The stock has a 52-week-high of $19.51 and a 52-week-low of $6.00. At the end of the last trading period, NeoGenomics closed at $15.40.

For Ingersoll Rand Inc IR, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. In the first quarter, Ingersoll Rand showed an EPS of $0.65, compared to $0.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $60.39 and a 52-week-low of $39.29. Ingersoll Rand closed at $58.94 at the end of the last trading period.

Guggenheim upgraded the previous rating for Shoals Technologies Group Inc SHLS from Neutral to Buy. Shoals Technologies Gr earned $0.14 in the first quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Shoals Technologies Gr shows a 52-week-high of $32.37 and a 52-week-low of $9.72. Moreover, at the end of the last trading period, the closing price was at $19.72.

Northland Capital Markets upgraded the previous rating for Shoals Technologies Group Inc SHLS from Market Perform to Outperform. For the first quarter, Shoals Technologies Gr had an EPS of $0.14, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $32.37 and a 52-week-low of $9.72. Shoals Technologies Gr closed at $19.72 at the end of the last trading period.

Jefferies upgraded the previous rating for Ferguson PLC FERG from Hold to Buy. In the second quarter, Ferguson showed an EPS of $1.91, compared to $1.93 from the year-ago quarter. The stock has a 52-week-high of $149.81 and a 52-week-low of $99.24. At the end of the last trading period, Ferguson closed at $140.82.

See all analyst ratings upgrades.

Downgrades

For Maravai LifeSciences Holdings Inc MRVI, Goldman Sachs downgraded the previous rating of Buy to Neutral. Maravai LifeSciences earned $0.03 in the first quarter, compared to $0.54 in the year-ago quarter. The stock has a 52-week-high of $35.82 and a 52-week-low of $12.16. At the end of the last trading period, Maravai LifeSciences closed at $13.90.

According to Credit Suisse, the prior rating for PayPal Holdings Inc PYPL was changed from Outperform to Neutral. For the first quarter, PayPal Holdings had an EPS of $1.17, compared to year-ago quarter EPS of $0.88. At the moment, the stock has a 52-week-high of $103.02 and a 52-week-low of $66.39. PayPal Holdings closed at $75.52 at the end of the last trading period.

For Royal Bank of Canada RY, Barclays downgraded the previous rating of Overweight to Underweight. For the first quarter, Royal Bank of Canada had an EPS of $2.26, compared to year-ago quarter EPS of $2.28. The current stock performance of Royal Bank of Canada shows a 52-week-high of $106.43 and a 52-week-low of $83.68. Moreover, at the end of the last trading period, the closing price was at $98.21.

According to Tudor Pickering, the prior rating for Westlake Corp WLK was changed from Hold to Sell. For the first quarter, Westlake had an EPS of $3.05, compared to year-ago quarter EPS of $5.83. The stock has a 52-week-high of $139.53 and a 52-week-low of $81.39. At the end of the last trading period, Westlake closed at $118.63.

Barclays downgraded the previous rating for Bank of Nova Scotia BNS from Equal-Weight to Underweight. Bank of Nova Scotia earned $1.34 in the first quarter, compared to $1.70 in the year-ago quarter. The current stock performance of Bank of Nova Scotia shows a 52-week-high of $68.58 and a 52-week-low of $45.35. Moreover, at the end of the last trading period, the closing price was at $50.32.

Atlantic Equities downgraded the previous rating for Shopify Inc SHOP from Overweight to Neutral. For the first quarter, Shopify had an EPS of $0.01, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $65.13 and a 52-week-low of $23.64. Shopify closed at $64.38 at the end of the last trading period.

B of A Securities downgraded the previous rating for Radian Group Inc RDN from Buy to Underperform. In the first quarter, Radian Group showed an EPS of $0.98, compared to $1.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.94 and a 52-week-low of $17.84. Radian Group closed at $24.85 at the end of the last trading period.

Evercore ISI Group downgraded the previous rating for Cummins Inc CMI from Outperform to In-Line. Cummins earned $5.65 in the first quarter, compared to $4.04 in 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 $223.74.

Oppenheimer downgraded the previous rating for Conformis Inc CFMS from Outperform to Perform. Conformis earned $1.32 in the first quarter, compared to $2.25 in the year-ago quarter. The stock has a 52-week-high of $12.96 and a 52-week-low of $1.07. At the end of the last trading period, Conformis closed at $1.34.

B of A Securities downgraded the previous rating for TaskUs Inc TASK from Buy to Underperform. For the first quarter, TaskUs had an EPS of $0.32, compared to year-ago quarter EPS of $0.34. The current stock performance of TaskUs shows a 52-week-high of $26.73 and a 52-week-low of $11.42. Moreover, at the end of the last trading period, the closing price was at $12.23.

HC Wainwright & Co. downgraded the previous rating for Codexis Inc CDXS from Buy to Neutral. In the first quarter, Codexis showed an EPS of $0.34, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $13.03 and a 52-week-low of $2.85. At the end of the last trading period, Codexis closed at $3.41.

According to Barclays, the prior rating for Nabors Industries Ltd NBR was changed from Overweight to Equal-Weight. For the first quarter, Nabors Industries had an EPS of $2.05, compared to year-ago quarter EPS of $13.88. At the moment, the stock has a 52-week-high of $193.70 and a 52-week-low of $91.11. Nabors Industries closed at $95.91 at the end of the last trading period.

For Skyworks Solutions Inc SWKS, BMO Capital downgraded the previous rating of Outperform to Market Perform. Skyworks Solutions earned $2.02 in the second quarter, compared to $2.63 in the year-ago quarter. The stock has a 52-week-high of $123.69 and a 52-week-low of $76.17. At the end of the last trading period, Skyworks Solutions closed at $105.24.

For XPO Inc XPO, Stifel downgraded the previous rating of Buy to Hold. In the first quarter, XPO showed an EPS of $0.56, compared to $1.25 from the year-ago quarter. The current stock performance of XPO shows a 52-week-high of $49.20 and a 52-week-low of $24.76. Moreover, at the end of the last trading period, the closing price was at $48.44.

See all analyst ratings downgrades.

Initiations

With a Buy rating, New Street Research initiated coverage on KE Holdings Inc BEKE. The price target seems to have been set at $22.00 for KE Holdings. For the fourth quarter, KE Holdings had an EPS of $0.04, compared to year-ago quarter EPS of $0.01. The current stock performance of KE Holdings shows a 52-week-high of $21.08 and a 52-week-low of $9.10. Moreover, at the end of the last trading period, the closing price was at $15.95.

With a Buy rating, Laidlaw & Co. initiated coverage on Bellerophon Therapeutics Inc BLPH. The price target seems to have been set at $35.00 for Bellerophon Therapeutics. Bellerophon Therapeutics earned $0.53 in the fourth quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.58 and a 52-week-low of $0.67. Bellerophon Therapeutics closed at $8.49 at the end of the last trading period.

With a Equal-Weight rating, Wells Fargo initiated coverage on FactSet Research Systems Inc FDS. The price target seems to have been set at $435.00 for FactSet Research Systems. FactSet Research Systems earned $3.80 in the second quarter, compared to $3.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $473.90 and a 52-week-low of $347.17. FactSet Research Systems closed at $402.67 at the end of the last trading period.

Wells Fargo initiated coverage on MSCI Inc MSCI with an Overweight rating. The price target for MSCI is set to $570.00. MSCI earned $3.14 in the first quarter, compared to $2.98 in the year-ago quarter. At the moment, the stock has a 52-week-high of $572.50 and a 52-week-low of $376.60. MSCI closed at $472.88 at the end of the last trading period.

With a Equal-Weight rating, Wells Fargo initiated coverage on Moody's Corporation MCO. The price target seems to have been set at $312.00 for Moody's. In the first quarter, Moody's showed an EPS of $2.99, compared to $2.89 from the year-ago quarter. The current stock performance of Moody's shows a 52-week-high of $335.91 and a 52-week-low of $230.64. Moreover, at the end of the last trading period, the closing price was at $305.94.

Wells Fargo initiated coverage on S&P Global Inc SPGI with an Overweight rating. The price target for S&P Global is set to $415.00. In the first quarter, S&P Global showed an EPS of $3.15, compared to $2.89 from the year-ago quarter. At the moment, the stock has a 52-week-high of $395.60 and a 52-week-low of $279.83. S&P Global closed at $355.18 at the end of the last trading period.

BTIG initiated coverage on Simulations Plus Inc SLP with a Buy rating. The price target for Simulations Plus is set to $55.00. In the second quarter, Simulations Plus showed an EPS of $0.20, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.50 and a 52-week-low of $32.58. Simulations Plus closed at $40.45 at the end of the last trading period.

JP Morgan initiated coverage on Alkami Technology Inc ALKT with an Overweight rating. The price target for Alkami Technology is set to $15.00. Alkami Technology earned $0.04 in the first quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Alkami Technology shows a 52-week-high of $17.71 and a 52-week-low of $9.24. Moreover, at the end of the last trading period, the closing price was at $12.35.

Stifel initiated coverage on Check Point Software Technologies Ltd CHKP with a Hold rating. The price target for Check Point Software is set to $130.00. For the first quarter, Check Point Software had an EPS of $1.80, compared to year-ago quarter EPS of $1.57. At the moment, the stock has a 52-week-high of $135.93 and a 52-week-low of $107.54. Check Point Software closed at $122.45 at the end of the last trading period.

See all analyst ratings initiations.

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