Upgrades

According to Wedbush, the prior rating for Pegasystems Inc (NASDAQ:PEGA) was changed from Neutral to Outperform. For the first quarter, Pegasystems had an EPS of $0.23, compared to year-ago quarter EPS of $0.59. The current stock performance of Pegasystems shows a 52-week-high of $52.20 and a 52-week-low of $29.16. Moreover, at the end of the last trading period, the closing price was at $48.98.

DA Davidson upgraded the previous rating for Rivian Automotive Inc (NASDAQ:RIVN) from Underperform to Neutral. For the first quarter, Rivian Automotive had an EPS of $1.25, compared to year-ago quarter EPS of $1.43. The stock has a 52-week-high of $40.86 and a 52-week-low of $11.68. At the end of the last trading period, Rivian Automotive closed at $19.56.

For Advanced Micro Devices Inc (NASDAQ:AMD), Northland Capital Markets upgraded the previous rating of Market Perform to Outperform. In the first quarter, Advanced Micro Devices showed an EPS of $0.60, compared to $1.13 from the year-ago quarter. The stock has a 52-week-high of $132.83 and a 52-week-low of $54.58. At the end of the last trading period, Advanced Micro Devices closed at $115.82.

Barclays upgraded the previous rating for Coherent Corp (NYSE:COHR) from Underweight to Equal-Weight. For the third quarter, Coherent had an EPS of $0.58, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $60.46 and a 52-week-low of $26.29. Coherent closed at $50.84 at the end of the last trading period.

For Transocean Ltd (NYSE:RIG), Citigroup upgraded the previous rating of Neutral to Buy. For the first quarter, Transocean had an EPS of $0.38, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $7.74 and a 52-week-low of $2.33. At the end of the last trading period, Transocean closed at $6.97.

For Nucor Corp (NYSE:NUE), Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. For the first quarter, Nucor had an EPS of $4.45, compared to year-ago quarter EPS of $7.67. At the moment, the stock has a 52-week-high of $182.68 and a 52-week-low of $100.15. Nucor closed at $165.61 at the end of the last trading period.

According to BMO Capital, the prior rating for Biomarin Pharmaceutical Inc (NASDAQ:BMRN) was changed from Market Perform to Outperform. For the first quarter, Biomarin Pharmaceutical had an EPS of $0.60, compared to year-ago quarter EPS of $0.63. The stock has a 52-week-high of $117.77 and a 52-week-low of $80.58. At the end of the last trading period, Biomarin Pharmaceutical closed at $85.89.

According to Goldman Sachs, the prior rating for Netflix Inc (NASDAQ:NFLX) was changed from Sell to Neutral. Netflix earned $2.88 in the first quarter, compared to $3.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $448.65 and a 52-week-low of $169.78. Netflix closed at $441.44 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Great Ajax Corp (NYSE:AJX), Raymond James downgraded the previous rating of Outperform to Market Perform. For the first quarter, Great Ajax had an EPS of $0.09, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $11.19 and a 52-week-low of $5.15. At the end of the last trading period, Great Ajax closed at $6.95.

According to Northcoast Research, the prior rating for Ecolab Inc (NYSE:ECL) was changed from Buy to Neutral. For the first quarter, Ecolab had an EPS of $0.88, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $187.73 and a 52-week-low of $131.04. At the end of the last trading period, Ecolab closed at $186.58.

According to Oppenheimer, the prior rating for aTyr Pharma Inc (NASDAQ:LIFE) was changed from Outperform to Perform. aTyr Pharma earned $0.29 in the first quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.27 and a 52-week-low of $1.55. aTyr Pharma closed at $2.23 at the end of the last trading period.

UBS downgraded the previous rating for SPX Technologies Inc (NYSE:SPXC) from Buy to Neutral. For the first quarter, SPX Techs had an EPS of $0.93, compared to year-ago quarter EPS of $0.40. At the moment, the stock has a 52-week-high of $85.85 and a 52-week-low of $49.74. SPX Techs closed at $85.15 at the end of the last trading period.

RBC Capital downgraded the previous rating for Aclara Resources Inc (OTC:ARAAF) from Outperform to Sector Perform.

For Coinbase Global Inc (NASDAQ:COIN), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the first quarter, Coinbase Glb showed an EPS of $0.34, compared to $1.98 from the year-ago quarter. The stock has a 52-week-high of $116.30 and a 52-week-low of $31.55. At the end of the last trading period, Coinbase Glb closed at $79.93.

According to JP Morgan, the prior rating for Braskem SA (NYSE:BAK) was changed from Overweight to Neutral. Braskem earned $0.21 in the first quarter, compared to $1.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.76 and a 52-week-low of $6.26. Braskem closed at $11.53 at the end of the last trading period.

For Steel Dynamics Inc (NASDAQ:STLD), Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. In the first quarter, Steel Dynamics showed an EPS of $4.01, compared to $6.02 from the year-ago quarter. The stock has a 52-week-high of $136.46 and a 52-week-low of $62.44. At the end of the last trading period, Steel Dynamics closed at $110.78.

See all analyst ratings downgrades.

Initiations

TD Securities initiated coverage on Pason Systems Inc (OTC:PSYTF) with a Buy rating. The price target for Pason Sys is set to $16.00.

With a Buy rating, Citigroup initiated coverage on Valaris Ltd (NYSE:VAL). The price target seems to have been set at $85.00 for Valaris. Valaris earned $0.61 in the first quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $80.00 and a 52-week-low of $37.23. At the end of the last trading period, Valaris closed at $63.11.

With a Neutral rating, Citigroup initiated coverage on Seadrill Ltd (NYSE:SDRL). The price target seems to have been set at $48.10 for Seadrill. The stock has a 52-week-high of $45.48 and a 52-week-low of $24.51. At the end of the last trading period, Seadrill closed at $41.04.

Citigroup initiated coverage on NET Power Inc (NYSE:NPWR) with a Neutral rating. The price target for NET Power is set to $15.00. The current stock performance of NET Power shows a 52-week-high of $17.19 and a 52-week-low of $11.26. Moreover, at the end of the last trading period, the closing price was at $12.98.

See all analyst ratings initiations.