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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For May 3, 2022

Upgrades

For SVB Financial Group (NASDAQ:SIVB), Oppenheimer upgraded the previous rating of Perform to Outperform. For the first quarter, SVB Finl Gr had an EPS of $7.92, compared to year-ago quarter EPS of $10.03. At the moment, the stock has a 52-week-high of $763.22 and a 52-week-low of $479.10. SVB Finl Gr closed at $497.67 at the end of the last trading period.

Oppenheimer upgraded the previous rating for Morgan Stanley (NYSE:MS) from Perform to Outperform. In the first quarter, Morgan Stanley showed an EPS of $2.06, compared to $2.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $109.73 and a 52-week-low of $80.03. Morgan Stanley closed at $81.96 at the end of the last trading period.

According to Oppenheimer, the prior rating for JPMorgan Chase & Co (NYSE:JPM) was changed from Perform to Outperform. For the first quarter, JPMorgan Chase had an EPS of $2.63, compared to year-ago quarter EPS of $4.50. The stock has a 52-week-high of $172.96 and a 52-week-low of $118.22. At the end of the last trading period, JPMorgan Chase closed at $120.45.

According to Janney Montgomery Scott, the prior rating for First Interstate BancSystem Inc (NASDAQ:FIBK) was changed from Neutral to Buy. First Interstate BancSys earned $0.36 in the first quarter, compared to $0.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $48.25 and a 52-week-low of $32.40. First Interstate BancSys closed at $34.06 at the end of the last trading period.

For TriCo Bancshares (NASDAQ:TCBK), Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. For the first quarter, TriCo had an EPS of $0.67, compared to year-ago quarter EPS of $1.13. The stock has a 52-week-high of $48.96 and a 52-week-low of $37.41. At the end of the last trading period, TriCo closed at $38.42.

According to BMO Capital, the prior rating for Sundial Growers Inc (NASDAQ:SNDL) was changed from Underperform to Market Perform. Sundial Growers earned $0.03 in the fourth quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1.49 and a 52-week-low of $0.40. Sundial Growers closed at $0.48 at the end of the last trading period.

Wells Fargo upgraded the previous rating for Marsh & McLennan Companies Inc (NYSE:MMC) from Equal-Weight to Overweight. Marsh & McLennan earned $2.30 in the first quarter, compared to $1.99 in the year-ago quarter. The stock has a 52-week-high of $183.14 and a 52-week-low of $131.96. At the end of the last trading period, Marsh & McLennan closed at $157.93.

According to Barclays, the prior rating for Coca-Cola Femsa SAB de CV (NYSE:KOF) was changed from Equal-Weight to Overweight. For the first quarter, Coca-Cola Femsa had an EPS of $0.67, compared to year-ago quarter EPS of $0.74. The stock has a 52-week-high of $59.07 and a 52-week-low of $46.62. At the end of the last trading period, Coca-Cola Femsa closed at $53.10.

Raymond James upgraded the previous rating for Shenandoah Telecommunications Co (NASDAQ:SHEN) from Outperform to Strong Buy. For the first quarter, Shenandoah had an EPS of $0.01, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $61.53 and a 52-week-low of $17.06. Shenandoah closed at $18.66 at the end of the last trading period.

For argenx SE (NASDAQ:ARGX), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the fourth quarter, argenx had an EPS of $4.76, compared to year-ago quarter EPS of $4.21. The stock has a 52-week-high of $356.78 and a 52-week-low of $248.21. At the end of the last trading period, argenx closed at $293.35.

Morgan Stanley upgraded the previous rating for Vertex Pharmaceuticals Inc (NASDAQ:VRTX) from Underweight to Equal-Weight. Vertex Pharmaceuticals earned $3.37 in the fourth quarter, compared to $2.51 in the year-ago quarter. The current stock performance of Vertex Pharmaceuticals shows a 52-week-high of $292.75 and a 52-week-low of $176.36. Moreover, at the end of the last trading period, the closing price was at $261.96.

BMO Capital upgraded the previous rating for Jakks Pacific Inc (NASDAQ:JAKK) from Market Perform to Outperform. Jakks Pacific earned $0.28 in the first quarter, compared to $1.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.62 and a 52-week-low of $7.50. Jakks Pacific closed at $13.30 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Agora Inc (NASDAQ:API) from Equal-Weight to Overweight. For the fourth quarter, Agora had an EPS of $0.11, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $51.42 and a 52-week-low of $6.30. At the end of the last trading period, Agora closed at $7.21.

According to Wells Fargo, the prior rating for Idacorp Inc (NYSE:IDA) was changed from Underweight to Equal-Weight. In the fourth quarter, Idacorp showed an EPS of $0.65, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $118.92 and a 52-week-low of $95.26. At the end of the last trading period, Idacorp closed at $102.39.

JP Morgan upgraded the previous rating for Mohawk Industries Inc (NYSE:MHK) from Underweight to Neutral. In the first quarter, Mohawk Industries showed an EPS of $3.78, compared to $3.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $231.80 and a 52-week-low of $117.56. Mohawk Industries closed at $145.75 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

William Blair downgraded the previous rating for Chegg Inc (NYSE:CHGG) from Outperform to Market Perform. In the first quarter, Chegg showed an EPS of $0.32, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $92.74 and a 52-week-low of $23.23. Chegg closed at $24.98 at the end of the last trading period.

According to William Blair, the prior rating for EverQuote Inc (NASDAQ:EVER) was changed from Outperform to Market Perform. In the first quarter, EverQuote showed an EPS of $0.19, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $35.80 and a 52-week-low of $11.72. EverQuote closed at $14.78 at the end of the last trading period.

Stephens & Co. downgraded the previous rating for New York Community Bancorp Inc (NYSE:NYCB) from Equal-Weight to Underweight. In the first quarter, New York Community showed an EPS of $0.32, compared to $0.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.33 and a 52-week-low of $9.21. New York Community closed at $9.44 at the end of the last trading period.

For Carvana Co (NYSE:CVNA), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Carvana earned $2.89 in the first quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $376.83 and a 52-week-low of $55.28. At the end of the last trading period, Carvana closed at $60.47.

For Shift Technologies Inc (NASDAQ:SFT), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. For the fourth quarter, Shift Technologies had an EPS of $0.70, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $9.75 and a 52-week-low of $1.28. At the end of the last trading period, Shift Technologies closed at $1.41.

For Matterport Inc (NASDAQ:MTTR), Wedbush downgraded the previous rating of Outperform to Neutral. The current stock performance of Matterport shows a 52-week-high of $37.60 and a 52-week-low of $5.44. Moreover, at the end of the last trading period, the closing price was at $6.05.

Wedbush downgraded the previous rating for DocuSign Inc (NASDAQ:DOCU) from Neutral to Underperform. DocuSign earned $0.48 in the fourth quarter, compared to $0.37 in the year-ago quarter. The stock has a 52-week-high of $314.76 and a 52-week-low of $71.00. At the end of the last trading period, DocuSign closed at $85.83.

According to Raymond James, the prior rating for EverQuote Inc (NASDAQ:EVER) was changed from Outperform to Market Perform. In the first quarter, EverQuote showed an EPS of $0.19, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $35.80 and a 52-week-low of $11.72. At the end of the last trading period, EverQuote closed at $14.78.

B of A Securities downgraded the previous rating for Charter Communications Inc (NASDAQ:CHTR) from Buy to Neutral. For the first quarter, Charter Communications had an EPS of $6.90, compared to year-ago quarter EPS of $4.11. The current stock performance of Charter Communications shows a 52-week-high of $825.62 and a 52-week-low of $415.01. Moreover, at the end of the last trading period, the closing price was at $432.54.

According to Atlantic Equities, the prior rating for Colgate-Palmolive Co (NYSE:CL) was changed from Overweight to Neutral. In the first quarter, Colgate-Palmolive showed an EPS of $0.74, compared to $0.80 from the year-ago quarter. The current stock performance of Colgate-Palmolive shows a 52-week-high of $85.61 and a 52-week-low of $72.20. Moreover, at the end of the last trading period, the closing price was at $75.18.

According to HC Wainwright & Co., the prior rating for Galmed Pharmaceuticals Ltd (NASDAQ:GLMD) was changed from Buy to Neutral. For the fourth quarter, Galmed Pharmaceuticals had an EPS of $0.30, compared to year-ago quarter EPS of $0.48. The stock has a 52-week-high of $4.08 and a 52-week-low of $1.19. At the end of the last trading period, Galmed Pharmaceuticals closed at $1.22.

For Anaplan Inc (NYSE:PLAN), JMP Securities downgraded the previous rating of Market Outperform to Market Perform. Anaplan earned $0.11 in the fourth quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $70.25 and a 52-week-low of $39.92. At the end of the last trading period, Anaplan closed at $65.08.

Wells Fargo downgraded the previous rating for Consolidated Edison Inc (NYSE:ED) from Equal-Weight to Underweight. For the fourth quarter, Consolidated Edison had an EPS of $1.00, compared to year-ago quarter EPS of $0.75. The stock has a 52-week-high of $99.22 and a 52-week-low of $71.17. At the end of the last trading period, Consolidated Edison closed at $92.01.

Piper Sandler downgraded the previous rating for Kellogg Co (NYSE:K) from Neutral to Underweight. Kellogg earned $0.83 in the fourth quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $70.21 and a 52-week-low of $59.54. Kellogg closed at $67.37 at the end of the last trading period.

For Tyson Foods Inc (NYSE:TSN), Piper Sandler downgraded the previous rating of Neutral to Underweight. In the first quarter, Tyson Foods showed an EPS of $2.87, compared to $1.94 from the year-ago quarter. At the moment, the stock has a 52-week-high of $100.72 and a 52-week-low of $69.88. Tyson Foods closed at $92.90 at the end of the last trading period.

Piper Sandler downgraded the previous rating for Chegg Inc (NYSE:CHGG) from Overweight to Neutral. Chegg earned $0.32 in the first quarter, compared to $0.28 in the year-ago quarter. The current stock performance of Chegg shows a 52-week-high of $92.74 and a 52-week-low of $23.23. Moreover, at the end of the last trading period, the closing price was at $24.98.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Univest Securities initiated coverage on Yield10 Bioscience Inc (NASDAQ:YTEN). The price target seems to have been set at $5.00 for Yield10 Bioscience. For the fourth quarter, Yield10 Bioscience had an EPS of $0.61, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $10.87 and a 52-week-low of $2.75. Yield10 Bioscience closed at $2.90 at the end of the last trading period.

With a Buy rating, Loop Capital initiated coverage on Fiserv Inc (NASDAQ:FISV). The price target seems to have been set at $125.00 for Fiserv. Fiserv earned $1.40 in the first quarter, compared to $1.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $121.79 and a 52-week-low of $89.91. Fiserv closed at $97.13 at the end of the last trading period.

B of A Securities initiated coverage on Cano Health Inc (NYSE:CANO) with a Buy rating. The price target for Cano Health is set to $8.00. The current stock performance of Cano Health shows a 52-week-high of $16.17 and a 52-week-low of $4.17. Moreover, at the end of the last trading period, the closing price was at $5.54.

B of A Securities initiated coverage on Privia Health Group Inc (NASDAQ:PRVA) with a Buy rating. The price target for Privia Health Group is set to $27.00. The current stock performance of Privia Health Group shows a 52-week-high of $50.77 and a 52-week-low of $18.93. Moreover, at the end of the last trading period, the closing price was at $23.00.

Goldman Sachs initiated coverage on Squarespace Inc (NYSE:SQSP) with a Neutral rating. The price target for Squarespace is set to $24.00. The current stock performance of Squarespace shows a 52-week-high of $64.71 and a 52-week-low of $18.57. Moreover, at the end of the last trading period, the closing price was at $21.21.

See all analyst ratings initiations.

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