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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For May 26, 2022

Upgrades

According to Citigroup, the prior rating for Hoegh LNG Partners LP (NYSE:HMLP) was changed from Sell to Neutral. In the first quarter, Hoegh LNG Partners showed an EPS of $0.49, compared to $0.61 from the year-ago quarter. The stock has a 52-week-high of $18.17 and a 52-week-low of $3.77. At the end of the last trading period, Hoegh LNG Partners closed at $8.99.

For Alignment Healthcare Inc (NASDAQ:ALHC), B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Alignment Healthcare had an EPS of $0.23, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $27.92 and a 52-week-low of $6.14. At the end of the last trading period, Alignment Healthcare closed at $10.86.

According to Evercore ISI Group, the prior rating for Canadian National Railway Co (NYSE:CNI) was changed from In-Line to Outperform. Canadian National Railway earned $1.04 in the first quarter, compared to $0.97 in the year-ago quarter. The current stock performance of Canadian National Railway shows a 52-week-high of $137.19 and a 52-week-low of $100.66. Moreover, at the end of the last trading period, the closing price was at $110.09.

Truist Securities upgraded the previous rating for Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) from Hold to Buy. In the first quarter, Kratos Defense & Security showed an EPS of $0.04, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.29 and a 52-week-low of $12.54. Kratos Defense & Security closed at $13.63 at the end of the last trading period.

According to Barclays, the prior rating for AmerisourceBergen Corp (NYSE:ABC) was changed from Equal-Weight to Overweight. AmerisourceBergen earned $3.22 in the second quarter, compared to $2.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $167.19 and a 52-week-low of $111.34. AmerisourceBergen closed at $154.27 at the end of the last trading period.

According to Gordon Haskett, the prior rating for Dick's Sporting Goods Inc (NYSE:DKS) was changed from Reduce to Hold. For the first quarter, Dick's Sporting Goods had an EPS of $2.85, compared to year-ago quarter EPS of $3.79. The stock has a 52-week-high of $147.39 and a 52-week-low of $63.45. At the end of the last trading period, Dick's Sporting Goods closed at $78.14.

B of A Securities upgraded the previous rating for Cigna Corp (NYSE:CI) from Underperform to Neutral. Cigna earned $6.01 in the first quarter, compared to $4.73 in the year-ago quarter. At the moment, the stock has a 52-week-high of $271.71 and a 52-week-low of $191.74. Cigna closed at $265.75 at the end of the last trading period.

For Sysco Corp (NYSE:SYY), JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, Sysco had an EPS of $0.71, compared to year-ago quarter EPS of $0.22. The current stock performance of Sysco shows a 52-week-high of $91.53 and a 52-week-low of $68.05. Moreover, at the end of the last trading period, the closing price was at $79.14.

According to JP Morgan, the prior rating for Patterson-UTI Energy Inc (NASDAQ:PTEN) was changed from Underweight to Neutral. In the first quarter, Patterson-UTI Energy showed an EPS of $0.13, compared to $0.57 from the year-ago quarter. The stock has a 52-week-high of $18.77 and a 52-week-low of $6.44. At the end of the last trading period, Patterson-UTI Energy closed at $18.30.

Jefferies upgraded the previous rating for POINT Biopharma Global Inc (NASDAQ:PNT) from Hold to Buy. In the first quarter, POINT Biopharma Global showed an EPS of $0.18, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $11.72 and a 52-week-low of $4.25. At the end of the last trading period, POINT Biopharma Global closed at $7.18.

Morgan Stanley upgraded the previous rating for Lululemon Athletica Inc (NASDAQ:LULU) from Equal-Weight to Overweight. For the fourth quarter, Lululemon Athletica had an EPS of $3.37, compared to year-ago quarter EPS of $2.58. The current stock performance of Lululemon Athletica shows a 52-week-high of $485.82 and a 52-week-low of $251.51. Moreover, at the end of the last trading period, the closing price was at $260.66.

According to Morgan Stanley, the prior rating for Frontier Communications Parent Inc (NASDAQ:FYBR) was changed from Underweight to Equal-Weight. The stock has a 52-week-high of $35.15 and a 52-week-low of $21.93. At the end of the last trading period, Frontier Communications closed at $24.64.

For TuSimple Holdings Inc (NASDAQ:TSP), China Renaissance upgraded the previous rating of Hold to Buy. For the first quarter, TuSimple Hldgs had an EPS of $0.50, compared to year-ago quarter EPS of $6.43. At the moment, the stock has a 52-week-high of $79.84 and a 52-week-low of $6.63. TuSimple Hldgs closed at $7.84 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For ManpowerGroup Inc (NYSE:MAN), BMO Capital downgraded the previous rating of Outperform to Market Perform. For the first quarter, ManpowerGroup had an EPS of $1.88, compared to year-ago quarter EPS of $1.11. At the moment, the stock has a 52-week-high of $124.57 and a 52-week-low of $84.32. ManpowerGroup closed at $89.81 at the end of the last trading period.

For Union Pacific Corp (NYSE:UNP), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. For the first quarter, Union Pacific had an EPS of $2.57, compared to year-ago quarter EPS of $2.00. At the moment, the stock has a 52-week-high of $278.94 and a 52-week-low of $195.68. Union Pacific closed at $217.42 at the end of the last trading period.

Maxim Group downgraded the previous rating for Titan Pharmaceuticals Inc (NASDAQ:TTNP) from Buy to Hold. In the first quarter, Titan Pharmaceuticals showed an EPS of $0.24, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.10 and a 52-week-low of $0.35. Titan Pharmaceuticals closed at $0.38 at the end of the last trading period.

For The Kraft Heinz Co (NASDAQ:KHC), UBS downgraded the previous rating of Neutral to Sell. For the first quarter, Kraft Heinz had an EPS of $0.60, compared to year-ago quarter EPS of $0.72. The current stock performance of Kraft Heinz shows a 52-week-high of $44.87 and a 52-week-low of $32.78. Moreover, at the end of the last trading period, the closing price was at $39.88.

Barclays downgraded the previous rating for Covetrus Inc (NASDAQ:CVET) from Overweight to Equal-Weight. In the first quarter, Covetrus showed an EPS of $0.25, compared to $0.21 from the year-ago quarter. The current stock performance of Covetrus shows a 52-week-high of $29.02 and a 52-week-low of $13.39. Moreover, at the end of the last trading period, the closing price was at $20.61.

According to Barclays, the prior rating for Cardinal Health Inc (NYSE:CAH) was changed from Overweight to Equal-Weight. For the third quarter, Cardinal Health had an EPS of $1.45, compared to year-ago quarter EPS of $1.53. At the moment, the stock has a 52-week-high of $64.53 and a 52-week-low of $45.85. Cardinal Health closed at $57.74 at the end of the last trading period.

For Centene Corp (NYSE:CNC), B of A Securities downgraded the previous rating of Buy to Neutral. For the first quarter, Centene had an EPS of $1.83, compared to year-ago quarter EPS of $1.63. The current stock performance of Centene shows a 52-week-high of $89.92 and a 52-week-low of $59.67. Moreover, at the end of the last trading period, the closing price was at $85.31.

B of A Securities downgraded the previous rating for Nutanix Inc (NASDAQ:NTNX) from Buy to Neutral. For the third quarter, Nutanix had an EPS of $0.05, compared to year-ago quarter EPS of $0.41. The stock has a 52-week-high of $44.50 and a 52-week-low of $19.74. At the end of the last trading period, Nutanix closed at $21.42.

B of A Securities downgraded the previous rating for Molina Healthcare Inc (NYSE:MOH) from Buy to Underperform. Molina Healthcare earned $4.90 in the first quarter, compared to $4.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $350.19 and a 52-week-low of $239.20. Molina Healthcare closed at $314.68 at the end of the last trading period.

According to B of A Securities, the prior rating for Oscar Health Inc (NYSE:OSCR) was changed from Buy to Neutral. For the first quarter, Oscar Health had an EPS of $0.36, compared to year-ago quarter EPS of $0.98. At the moment, the stock has a 52-week-high of $29.70 and a 52-week-low of $4.48. Oscar Health closed at $5.06 at the end of the last trading period.

According to William Blair, the prior rating for Nutanix Inc (NASDAQ:NTNX) was changed from Outperform to Market Perform. Nutanix earned $0.05 in the third quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $44.50 and a 52-week-low of $19.74. At the end of the last trading period, Nutanix closed at $21.42.

According to JP Morgan, the prior rating for Columbus McKinnon Corp (NASDAQ:CMCO) was changed from Overweight to Neutral. Columbus McKinnon earned $0.79 in the fourth quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $54.20 and a 52-week-low of $31.49. At the end of the last trading period, Columbus McKinnon closed at $31.68.

JP Morgan downgraded the previous rating for ProPetro Holding Corp (NYSE:PUMP) from Overweight to Underweight. For the first quarter, ProPetro Holding had an EPS of $0.11, compared to year-ago quarter EPS of $0.20. The stock has a 52-week-high of $16.93 and a 52-week-low of $6.39. At the end of the last trading period, ProPetro Holding closed at $12.88.

For Dow Inc (NYSE:DOW), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. Dow earned $2.34 in the first quarter, compared to $1.36 in the year-ago quarter. The current stock performance of Dow shows a 52-week-high of $71.86 and a 52-week-low of $52.07. Moreover, at the end of the last trading period, the closing price was at $67.30.

BMO Capital downgraded the previous rating for ASGN Inc (NYSE:ASGN) from Outperform to Market Perform. In the first quarter, ASGN showed an EPS of $1.57, compared to $1.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $131.89 and a 52-week-low of $90.96. ASGN closed at $94.00 at the end of the last trading period.

For TrueBlue Inc (NYSE:TBI), BMO Capital downgraded the previous rating of Outperform to Market Perform. For the first quarter, TrueBlue had an EPS of $0.44, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $32.91 and a 52-week-low of $21.88. TrueBlue closed at $22.70 at the end of the last trading period.

For Robert Half International Inc (NYSE:RHI), BMO Capital downgraded the previous rating of Outperform to Market Perform. For the first quarter, Robert Half International had an EPS of $1.52, compared to year-ago quarter EPS of $0.98. The stock has a 52-week-high of $125.77 and a 52-week-low of $83.46. At the end of the last trading period, Robert Half International closed at $87.37.

According to Stifel, the prior rating for Hoegh LNG Partners LP (NYSE:HMLP) was changed from Buy to Hold. Hoegh LNG Partners earned $0.49 in the first quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.17 and a 52-week-low of $3.77. Hoegh LNG Partners closed at $8.99 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Northland Capital Markets initiated coverage on Sangoma Technologies Corp (NASDAQ:SANG) with an Outperform rating. The price target for Sangoma Technologies is set to $18.00. Sangoma Technologies earned $0.21 in the third quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Sangoma Technologies shows a 52-week-high of $19.00 and a 52-week-low of $7.68. Moreover, at the end of the last trading period, the closing price was at $7.68.

With a Hold rating, Jefferies initiated coverage on Inozyme Pharma Inc (NASDAQ:INZY). The price target seems to have been set at $5.00 for Inozyme Pharma. Inozyme Pharma earned $0.71 in the first quarter, compared to $0.47 in the year-ago quarter. The current stock performance of Inozyme Pharma shows a 52-week-high of $19.58 and a 52-week-low of $3.54. Moreover, at the end of the last trading period, the closing price was at $4.00.

B of A Securities initiated coverage on Liquidia Corp (NASDAQ:LQDA) with a Buy rating. The price target for Liquidia is set to $12.00. For the first quarter, Liquidia had an EPS of $0.30, compared to year-ago quarter EPS of $0.21. The current stock performance of Liquidia shows a 52-week-high of $7.78 and a 52-week-low of $2.25. Moreover, at the end of the last trading period, the closing price was at $3.65.

With an Outperform rating, Cowen & Co. initiated coverage on Coinbase Global Inc (NASDAQ:COIN). The price target seems to have been set at $85.00 for Coinbase Global. For the first quarter, Coinbase Global had an EPS of $1.98, compared to year-ago quarter EPS of $3.05. At the moment, the stock has a 52-week-high of $368.90 and a 52-week-low of $40.83. Coinbase Global closed at $67.17 at the end of the last trading period.

With an Overweight rating, Stephens & Co. initiated coverage on CrowdStrike Holdings Inc (NASDAQ:CRWD). The price target seems to have been set at $232.00 for CrowdStrike Holdings. CrowdStrike Holdings earned $0.30 in the fourth quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $298.48 and a 52-week-low of $130.00. CrowdStrike Holdings closed at $146.64 at the end of the last trading period.

Stephens & Co. initiated coverage on KnowBe4 Inc (NASDAQ:KNBE) with an Overweight rating. The price target for KnowBe4 is set to $25.00. KnowBe4 earned $0.04 in the first quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.66 and a 52-week-low of $13.78. KnowBe4 closed at $15.92 at the end of the last trading period.

With an Overweight rating, Stephens & Co. initiated coverage on Okta Inc (NASDAQ:OKTA). The price target seems to have been set at $145.00 for Okta. In the fourth quarter, Okta showed an EPS of $0.18, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $276.30 and a 52-week-low of $77.01. Okta closed at $82.57 at the end of the last trading period.

With an Overweight rating, Stephens & Co. initiated coverage on Zscaler Inc (NASDAQ:ZS). The price target seems to have been set at $200.00 for Zscaler. The current stock performance of Zscaler shows a 52-week-high of $376.11 and a 52-week-low of $125.12. Moreover, at the end of the last trading period, the closing price was at $132.58.

Stephens & Co. initiated coverage on CyberArk Software Ltd (NASDAQ:CYBR) with an Overweight rating. The price target for CyberArk Software is set to $170.00. For the first quarter, CyberArk Software had an EPS of $0.30, compared to year-ago quarter EPS of $0.09. The current stock performance of CyberArk Software shows a 52-week-high of $201.68 and a 52-week-low of $100.35. Moreover, at the end of the last trading period, the closing price was at $134.44.

See all analyst ratings initiations.

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