Benzinga's Top Ratings Upgrades, Downgrades For May 11, 2023

Upgrades

For Baidu Inc (NASDAQ:BIDU), OTR Global upgraded the previous rating of Mixed to Positive. Baidu earned $2.21 in the fourth quarter, compared to $1.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $160.88 and a 52-week-low of $73.59. Baidu closed at $118.90 at the end of the last trading period.

According to B. Riley Securities, the prior rating for Livent Corp (NYSE:LTHM) was changed from Neutral to Buy. In the first quarter, Livent showed an EPS of $0.60, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $36.37 and a 52-week-low of $18.26. At the end of the last trading period, Livent closed at $25.50.

For Roblox Corp (NYSE:RBLX), Benchmark upgraded the previous rating of Hold to Buy. Roblox earned $0.44 in the first quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.87 and a 52-week-low of $21.65. Roblox closed at $38.87 at the end of the last trading period.

Kepler Cheuvreux upgraded the previous rating for Autoliv Inc (NYSE:ALV) from Hold to Buy. Autoliv earned $0.90 in the first quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $98.00 and a 52-week-low of $65.74. At the end of the last trading period, Autoliv closed at $87.90.

For RingCentral Inc (NYSE:RNG), Credit Suisse upgraded the previous rating of Neutral to Outperform. RingCentral earned $0.76 in the first quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.54 and a 52-week-low of $25.32. RingCentral closed at $30.30 at the end of the last trading period.

For Roblox Corp (NYSE:RBLX), Roth MKM upgraded the previous rating of Neutral to Buy. Roblox earned $0.44 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $53.87 and a 52-week-low of $21.65. At the end of the last trading period, Roblox closed at $38.87.

According to Credit Suisse, the prior rating for Alcoa Corp (NYSE:AA) was changed from Neutral to Outperform. In the first quarter, Alcoa showed an EPS of $0.23, compared to $3.06 from the year-ago quarter. The stock has a 52-week-high of $67.45 and a 52-week-low of $33.55. At the end of the last trading period, Alcoa closed at $36.14.

According to Keybanc, the prior rating for Livent Corp (NYSE:LTHM) was changed from Sector Weight to Overweight. For the first quarter, Livent had an EPS of $0.60, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $36.37 and a 52-week-low of $18.26. At the end of the last trading period, Livent closed at $25.50.

Keybanc upgraded the previous rating for Albemarle Corp (NYSE:ALB) from Sector Weight to Overweight. Albemarle earned $10.32 in the first quarter, compared to $2.38 in 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 $194.51.

See all analyst ratings upgrades.

Downgrades

For ViewRay Inc (NASDAQ:VRAY), B. Riley Securities downgraded the previous rating of Buy to Neutral. In the first quarter, ViewRay showed an EPS of $0.16, compared to $0.14 from the year-ago quarter. The stock has a 52-week-high of $4.96 and a 52-week-low of $0.90. At the end of the last trading period, ViewRay closed at $1.00.

BTIG downgraded the previous rating for Babylon Holdings Ltd (NYSE:BBLN) from Neutral to Sell. For the first quarter, Babylon Holdings had an EPS of $2.53, compared to year-ago quarter EPS of $6.00. The stock has a 52-week-high of $36.00 and a 52-week-low of $2.00. At the end of the last trading period, Babylon Holdings closed at $2.05.

According to BTIG, the prior rating for CareDx Inc (NASDAQ:CDNA) was changed from Buy to Neutral. For the first quarter, CareDx had an EPS of $0.11, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $27.33 and a 52-week-low of $7.63. At the end of the last trading period, CareDx closed at $8.59.

For Northrop Grumman Corp (NYSE:NOC), Barclays downgraded the previous rating of Overweight to Equal-Weight. Northrop Grumman earned $5.50 in the first quarter, compared to $6.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $556.14 and a 52-week-low of $430.94. Northrop Grumman closed at $443.03 at the end of the last trading period.

For Pfizer Inc (NYSE:PFE), Daiwa Capital downgraded the previous rating of Outperform to Neutral. Pfizer earned $1.23 in the first quarter, compared to $1.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.93 and a 52-week-low of $38.02. Pfizer closed at $38.30 at the end of the last trading period.

According to JP Morgan, the prior rating for ProFrac Holding Corp (NASDAQ:ACDC) was changed from Overweight to Neutral. The current stock performance of ProFrac Holding shows a 52-week-high of $27.00 and a 52-week-low of $9.01. Moreover, at the end of the last trading period, the closing price was at $11.04.

Roth MKM downgraded the previous rating for PLBY Group Inc (NASDAQ:PLBY) from Buy to Neutral. In the first quarter, PLBY Group showed an EPS of $0.58, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.35 and a 52-week-low of $1.55. PLBY Group closed at $1.86 at the end of the last trading period.

Baird downgraded the previous rating for Syneos Health Inc (NASDAQ:SYNH) from Outperform to Neutral. In the first quarter, Syneos Health showed an EPS of $0.75, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.77 and a 52-week-low of $22.92. Syneos Health closed at $41.85 at the end of the last trading period.

For Block Inc (NYSE:SQ), CLSA downgraded the previous rating of Buy to Underperform. Block earned $0.40 in the first quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $93.18 and a 52-week-low of $51.34. At the end of the last trading period, Block closed at $57.53.

Piper Sandler downgraded the previous rating for The Mosaic Co (NYSE:MOS) from Overweight to Neutral. Mosaic earned $1.14 in the first quarter, compared to $2.41 in the year-ago quarter. The stock has a 52-week-high of $66.60 and a 52-week-low of $36.20. At the end of the last trading period, Mosaic closed at $36.90.

Piper Sandler downgraded the previous rating for LSB Industries Inc (NYSE:LXU) from Overweight to Neutral. LSB Industries earned $0.25 in the first quarter, compared to $0.69 in the year-ago quarter. The stock has a 52-week-high of $22.23 and a 52-week-low of $8.15. At the end of the last trading period, LSB Industries closed at $9.56.

For Syneos Health Inc (NASDAQ:SYNH), Deutsche Bank downgraded the previous rating of Buy to Hold. Syneos Health earned $0.75 in the first quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $79.77 and a 52-week-low of $22.92. At the end of the last trading period, Syneos Health closed at $41.85.

JMP Securities downgraded the previous rating for CTI BioPharma Corp (NASDAQ:CTIC) from Market Outperform to Market Perform. At the moment, the stock has a 52-week-high of $8.93 and a 52-week-low of $3.33. CTI BioPharma closed at $8.93 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for TechTarget Inc (NASDAQ:TTGT) from Neutral to Sell. For the first quarter, TechTarget had an EPS of $0.41, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $74.30 and a 52-week-low of $30.07. TechTarget closed at $30.41 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Twilio Inc (NYSE:TWLO) was changed from Buy to Neutral. Twilio earned $0.47 in the first quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $112.87 and a 52-week-low of $41.00. At the end of the last trading period, Twilio closed at $48.92.

For Bentley Systems Inc (NASDAQ:BSY), Goldman Sachs downgraded the previous rating of Buy to Neutral. For the first quarter, Bentley Systems had an EPS of $0.25, compared to year-ago quarter EPS of $0.24. At the moment, the stock has a 52-week-high of $46.97 and a 52-week-low of $26.33. Bentley Systems closed at $45.89 at the end of the last trading period.

For Franchise Group Inc (NASDAQ:FRG), DA Davidson downgraded the previous rating of Buy to Neutral. For the first quarter, Franchise Group had an EPS of $0.11, compared to year-ago quarter EPS of $1.29. At the moment, the stock has a 52-week-high of $44.22 and a 52-week-low of $22.45. Franchise Group closed at $29.33 at the end of the last trading period.

For CTI BioPharma Corp (NASDAQ:CTIC), Needham downgraded the previous rating of Buy to Hold. At the moment, the stock has a 52-week-high of $8.93 and a 52-week-low of $3.33. CTI BioPharma closed at $8.93 at the end of the last trading period.

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Initiations

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