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Benzinga
Benzinga
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Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For June 28, 2022

Upgrades

For Banner Corp (NASDAQ:BANR), Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. For the first quarter, Banner had an EPS of $1.33, compared to year-ago quarter EPS of $1.33. The current stock performance of Banner shows a 52-week-high of $66.79 and a 52-week-low of $49.10. Moreover, at the end of the last trading period, the closing price was at $56.34.

According to Argus Research, the prior rating for Universal Technical Institute Inc (NYSE:UTI) was changed from Hold to Buy. For the second quarter, Universal Technical had an EPS of $0.19, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $11.45 and a 52-week-low of $5.34. At the end of the last trading period, Universal Technical closed at $7.56.

For Microchip Technology Inc (NASDAQ:MCHP), Stifel upgraded the previous rating of Hold to Buy. Microchip Technology earned $1.35 in the fourth quarter, compared to $0.93 in the year-ago quarter. At the moment, the stock has a 52-week-high of $166.13 and a 52-week-low of $56.24. Microchip Technology closed at $60.67 at the end of the last trading period.

According to Compass Point, the prior rating for Riot Blockchain Inc (NASDAQ:RIOT) was changed from Neutral to Buy. In the first quarter, Riot Blockchain showed an EPS of $0.30, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $46.28 and a 52-week-low of $4.36. Riot Blockchain closed at $4.89 at the end of the last trading period.

JP Morgan upgraded the previous rating for Ovintiv Inc (NYSE:OVV) from Neutral to Overweight. Ovintiv earned $2.17 in the first quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $63.30 and a 52-week-low of $21.91. Ovintiv closed at $47.28 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Molson Coors Beverage Co (NYSE:TAP) was changed from Sell to Neutral. In the first quarter, Molson Coors Beverage showed an EPS of $0.29, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.45 and a 52-week-low of $42.46. Molson Coors Beverage closed at $55.38 at the end of the last trading period.

For Snowflake Inc (NYSE:SNOW), Jefferies upgraded the previous rating of Hold to Buy. In the first quarter, Snowflake showed an EPS of $0.08, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $405.00 and a 52-week-low of $110.27. At the end of the last trading period, Snowflake closed at $148.15.

See all analyst ratings upgrades.

Downgrades

According to Raymond James, the prior rating for Shenandoah Telecommunications Co (NASDAQ:SHEN) was changed from Strong Buy to Market Perform. In the first quarter, Shenandoah showed an EPS of $0.01, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $61.53 and a 52-week-low of $17.06. At the end of the last trading period, Shenandoah closed at $25.56.

For Zendesk Inc (NYSE:ZEN), Barclays downgraded the previous rating of Overweight to Equal-Weight. In the first quarter, Zendesk showed an EPS of $0.12, compared to $0.17 from the year-ago quarter. The current stock performance of Zendesk shows a 52-week-high of $153.43 and a 52-week-low of $54.16. Moreover, at the end of the last trading period, the closing price was at $74.65.

For eBay Inc (NASDAQ:EBAY), UBS downgraded the previous rating of Buy to Neutral. eBay earned $1.05 in the first quarter, compared to $1.09 in the year-ago quarter. The current stock performance of eBay shows a 52-week-high of $81.19 and a 52-week-low of $40.52. Moreover, at the end of the last trading period, the closing price was at $44.38.

UBS downgraded the previous rating for Farfetch Ltd (NYSE:FTCH) from Buy to Neutral. Farfetch earned $0.24 in the first quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $53.77 and a 52-week-low of $6.53. At the end of the last trading period, Farfetch closed at $8.88.

According to Wells Fargo, the prior rating for JELD-WEN Holding Inc (NYSE:JELD) was changed from Overweight to Equal-Weight. In the first quarter, JELD-WEN Holding showed an EPS of $0.16, compared to $0.27 from the year-ago quarter. The current stock performance of JELD-WEN Holding shows a 52-week-high of $29.89 and a 52-week-low of $12.12. Moreover, at the end of the last trading period, the closing price was at $15.11.

For Portland General Electric Co (NYSE:POR), Mizuho downgraded the previous rating of Buy to Neutral. Portland Gen Electric earned $0.67 in the first quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $57.03 and a 52-week-low of $45.02. At the end of the last trading period, Portland Gen Electric closed at $49.49.

According to UBS, the prior rating for Novo Nordisk A/S (NYSE:NVO) was changed from Neutral to Sell. In the first quarter, Novo Nordisk showed an EPS of $0.94, compared to $0.88 from the year-ago quarter. The current stock performance of Novo Nordisk shows a 52-week-high of $122.16 and a 52-week-low of $82.11. Moreover, at the end of the last trading period, the closing price was at $112.89.

According to Deutsche Bank, the prior rating for State Street Corporation (NYSE:STT) was changed from Buy to Hold. State Street earned $1.59 in the first quarter, compared to $1.47 in the year-ago quarter. The stock has a 52-week-high of $104.87 and a 52-week-low of $61.29. At the end of the last trading period, State Street closed at $65.21.

Goldman Sachs downgraded the previous rating for Boston Beer Co Inc (NYSE:SAM) from Neutral to Sell. Boston Beer Co earned $0.16 in the first quarter, compared to $5.26 in the year-ago quarter. The current stock performance of Boston Beer Co shows a 52-week-high of $1059.04 and a 52-week-low of $287.00. Moreover, at the end of the last trading period, the closing price was at $333.99.

Cowen & Co. downgraded the previous rating for Epizyme Inc (NASDAQ:EPZM) from Outperform to Market Perform. For the first quarter, Epizyme had an EPS of $0.38, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $9.86 and a 52-week-low of $0.41. At the end of the last trading period, Epizyme closed at $1.48.

According to Goldman Sachs, the prior rating for Smart Share Global Ltd (NASDAQ:EM) was changed from Buy to Neutral. Smart Share Glb earned $0.05 in the first quarter, compared to $10.58 in the year-ago quarter. The current stock performance of Smart Share Glb shows a 52-week-high of $6.20 and a 52-week-low of $0.88. Moreover, at the end of the last trading period, the closing price was at $1.12.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on 1847 Goedeker Inc (AMEX:GOED). The price target seems to have been set at $4.00 for 1847 Goedeker. 1847 Goedeker earned $0.06 in the first quarter, compared to $0.57 in the year-ago quarter. The current stock performance of 1847 Goedeker shows a 52-week-high of $4.48 and a 52-week-low of $1.21. Moreover, at the end of the last trading period, the closing price was at $1.32.

With a Buy rating, UBS initiated coverage on Grupo Televisa SAB (NYSE:TV). The price target seems to have been set at $13.00 for Grupo Televisa. Grupo Televisa earned $0.18 in the first quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.76 and a 52-week-low of $7.82. Grupo Televisa closed at $8.64 at the end of the last trading period.

With a Buy rating, UBS initiated coverage on Grupo Televisa SAB (NYSE:TV). The price target seems to have been set at $13.00 for Grupo Televisa. For the first quarter, Grupo Televisa had an EPS of $0.18, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $14.76 and a 52-week-low of $7.82. At the end of the last trading period, Grupo Televisa closed at $8.64.

With a Hold rating, Jefferies initiated coverage on Polaris Inc (NYSE:PII). The price target seems to have been set at $105.00 for Polaris. For the first quarter, Polaris had an EPS of $1.29, compared to year-ago quarter EPS of $2.30. At the moment, the stock has a 52-week-high of $139.79 and a 52-week-low of $94.24. Polaris closed at $106.92 at the end of the last trading period.

JP Morgan initiated coverage on Holley Inc (NYSE:HLLY) with an Overweight rating. The price target for Holley is set to $14.00. For the first quarter, Holley had an EPS of $0.19, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $14.68 and a 52-week-low of $8.23. Holley closed at $10.92 at the end of the last trading period.

Wedbush initiated coverage on SoundHound AI Inc (NASDAQ:SOUN) with an Outperform rating. The price target for SoundHound AI is set to $7.00. For the first quarter, SoundHound AI had an EPS of $2.00, compared to year-ago quarter EPS of $1.62. The stock has a 52-week-high of $18.14 and a 52-week-low of $2.55. At the end of the last trading period, SoundHound AI closed at $2.94.

For Enovis Corp (NYSE:ENOV), Argus Research initiated coverage, by setting the current rating at Hold. In the first quarter, Enovis showed an EPS of $0.37, compared to $1.32 from the year-ago quarter. The stock has a 52-week-high of $72.13 and a 52-week-low of $54.43. At the end of the last trading period, Enovis closed at $58.99.

Guggenheim initiated coverage on Cogent Biosciences Inc (NASDAQ:COGT) with a Buy rating. The price target for Cogent Biosciences is set to $15.00. Cogent Biosciences earned $0.68 in the first quarter, compared to $0.34 in the year-ago quarter. The stock has a 52-week-high of $11.06 and a 52-week-low of $3.79. At the end of the last trading period, Cogent Biosciences closed at $8.99.

JMP Securities initiated coverage on Rush Street Interactive Inc (NYSE:RSI) with a Market Outperform rating. The price target for Rush Street Interactive is set to $12.00. Rush Street Interactive earned $0.22 in the first quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.83 and a 52-week-low of $4.06. Rush Street Interactive closed at $4.84 at the end of the last trading period.

With a Market Outperform rating, JMP Securities initiated coverage on MGM Resorts International (NYSE:MGM). The price target seems to have been set at $55.00 for MGM Resorts Intl. For the first quarter, MGM Resorts Intl had an EPS of $0.01, compared to year-ago quarter EPS of $0.68. The stock has a 52-week-high of $51.17 and a 52-week-low of $26.41. At the end of the last trading period, MGM Resorts Intl closed at $30.03.

JMP Securities initiated coverage on Golden Entertainment Inc (NASDAQ:GDEN) with a Market Outperform rating. The price target for Golden Entertainment is set to $63.00. In the first quarter, Golden Entertainment showed an EPS of $1.12, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.96 and a 52-week-low of $39.27. Golden Entertainment closed at $41.70 at the end of the last trading period.

For Ballys Corp (NYSE:BALY), JMP Securities initiated coverage, by setting the current rating at Market Perform. Ballys earned $0.03 in the first quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $55.59 and a 52-week-low of $17.54. At the end of the last trading period, Ballys closed at $20.79.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Portillos Inc (NASDAQ:PTLO). The price target seems to have been set at $19.00 for Portillos. Portillos earned $0.00 in the first quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Portillos shows a 52-week-high of $57.73 and a 52-week-low of $14.84. Moreover, at the end of the last trading period, the closing price was at $16.98.

JMP Securities initiated coverage on Penn National Gaming Inc (NASDAQ:PENN) with a Market Outperform rating. The price target for Penn National Gaming is set to $52.00. For the first quarter, Penn National Gaming had an EPS of $0.29, compared to year-ago quarter EPS of $0.55. The stock has a 52-week-high of $86.40 and a 52-week-low of $26.46. At the end of the last trading period, Penn National Gaming closed at $32.32.

JMP Securities initiated coverage on DraftKings Inc (NASDAQ:DKNG) with a Market Outperform rating. The price target for DraftKings is set to $25.00. For the first quarter, DraftKings had an EPS of $1.14, compared to year-ago quarter EPS of $0.87. At the moment, the stock has a 52-week-high of $64.58 and a 52-week-low of $9.77. DraftKings closed at $13.60 at the end of the last trading period.

With a Peer Perform rating, Wolfe Research initiated coverage on W.P. Carey Inc (NYSE:WPC). The price target seems to have been set at $88.00 for W.P. Carey. In the first quarter, W.P. Carey showed an EPS of $1.35, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $87.10 and a 52-week-low of $73.02. At the end of the last trading period, W.P. Carey closed at $86.57.

Stifel initiated coverage on Chinook Therapeutics Inc (NASDAQ:KDNY) with a Buy rating. The price target for Chinook Therapeutics is set to $30.00. In the first quarter, Chinook Therapeutics showed an EPS of $0.54, compared to $0.88 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.59 and a 52-week-low of $10.48. Chinook Therapeutics closed at $18.72 at the end of the last trading period.

Credit Suisse initiated coverage on JB Hunt Transport Services Inc (NASDAQ:JBHT) with a Neutral rating. The price target for JB Hunt Transport Servs is set to $178.00. In the first quarter, JB Hunt Transport Servs showed an EPS of $2.29, compared to $1.37 from the year-ago quarter. The stock has a 52-week-high of $218.18 and a 52-week-low of $153.92. At the end of the last trading period, JB Hunt Transport Servs closed at $162.16.

Credit Suisse initiated coverage on Knight-Swift Transportation Holdings Inc (NYSE:KNX) with an Outperform rating. The price target for Knight-Swift is set to $70.00. Knight-Swift earned $1.35 in the first quarter, compared to $0.83 in the year-ago quarter. The current stock performance of Knight-Swift shows a 52-week-high of $62.29 and a 52-week-low of $42.50. Moreover, at the end of the last trading period, the closing price was at $46.76.

With an Outperform rating, Credit Suisse initiated coverage on Werner Enterprises Inc (NASDAQ:WERN). The price target seems to have been set at $51.00 for Werner Enterprises. For the first quarter, Werner Enterprises had an EPS of $0.96, compared to year-ago quarter EPS of $0.68. The current stock performance of Werner Enterprises shows a 52-week-high of $48.79 and a 52-week-low of $36.29. Moreover, at the end of the last trading period, the closing price was at $38.94.

Credit Suisse initiated coverage on Schneider National Inc (NYSE:SNDR) with an Outperform rating. The price target for Schneider National is set to $32.00. For the first quarter, Schneider National had an EPS of $0.57, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $27.50 and a 52-week-low of $20.48. At the end of the last trading period, Schneider National closed at $22.78.

With a Neutral rating, Credit Suisse initiated coverage on Canadian Pacific Railway Ltd (NYSE:CP). The price target seems to have been set at $74.00 for Canadian Pacific Railway. For the first quarter, Canadian Pacific Railway had an EPS of $0.53, compared to year-ago quarter EPS of $0.71. The stock has a 52-week-high of $84.22 and a 52-week-low of $64.37. At the end of the last trading period, Canadian Pacific Railway closed at $70.64.

With a Neutral rating, Credit Suisse initiated coverage on Old Dominion Freight Line Inc (NASDAQ:ODFL). The price target seems to have been set at $282.00 for Old Dominion Freight Line. For the first quarter, Old Dominion Freight Line had an EPS of $2.60, compared to year-ago quarter EPS of $1.70. The current stock performance of Old Dominion Freight Line shows a 52-week-high of $373.58 and a 52-week-low of $231.31. Moreover, at the end of the last trading period, the closing price was at $260.06.

With an Outperform rating, Credit Suisse initiated coverage on Saia Inc (NASDAQ:SAIA). The price target seems to have been set at $234.00 for Saia. Saia earned $2.98 in the first quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $365.50 and a 52-week-low of $168.03. Saia closed at $190.93 at the end of the last trading period.

Credit Suisse initiated coverage on Canadian National Railway Co (NYSE:CNI) with a Neutral rating. The price target for Canadian National Railway is set to $122.00. Canadian National Railway earned $1.04 in the first quarter, compared to $0.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of $137.19 and a 52-week-low of $100.66. Canadian National Railway closed at $113.42 at the end of the last trading period.

Credit Suisse initiated coverage on XPO Logistics Inc (NYSE:XPO) with an Outperform rating. The price target for XPO Logistics is set to $65.00. In the first quarter, XPO Logistics showed an EPS of $1.25, compared to $0.79 from the year-ago quarter. The current stock performance of XPO Logistics shows a 52-week-high of $150.79 and a 52-week-low of $45.25. Moreover, at the end of the last trading period, the closing price was at $50.34.

Credit Suisse initiated coverage on Norfolk Southern Corp (NYSE:NSC) with an Outperform rating. The price target for Norfolk Southern is set to $267.00. For the first quarter, Norfolk Southern had an EPS of $2.93, compared to year-ago quarter EPS of $2.66. The current stock performance of Norfolk Southern shows a 52-week-high of $299.19 and a 52-week-low of $219.31. Moreover, at the end of the last trading period, the closing price was at $227.73.

Credit Suisse initiated coverage on TFI International Inc (NYSE:TFII) with an Outperform rating. The price target for TFI International is set to $103.00. For the first quarter, TFI International had an EPS of $1.68, compared to year-ago quarter EPS of $0.77. At the moment, the stock has a 52-week-high of $120.50 and a 52-week-low of $71.63. TFI International closed at $79.69 at the end of the last trading period.

Credit Suisse initiated coverage on ArcBest Corp (NASDAQ:ARCB) with an Outperform rating. The price target for ArcBest is set to $102.00. ArcBest earned $3.08 in the first quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $125.00 and a 52-week-low of $52.86. At the end of the last trading period, ArcBest closed at $72.20.

With an Outperform rating, Credit Suisse initiated coverage on CSX Corp (NASDAQ:CSX). The price target seems to have been set at $35.00 for CSX. For the first quarter, CSX had an EPS of $0.39, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $96.42 and a 52-week-low of $28.44. CSX closed at $29.32 at the end of the last trading period.

Credit Suisse initiated coverage on C.H. Robinson Worldwide Inc (NASDAQ:CHRW) with an Underperform rating. The price target for C.H. Robinson Worldwide is set to $102.00. In the first quarter, C.H. Robinson Worldwide showed an EPS of $2.05, compared to $1.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $115.99 and a 52-week-low of $84.67. C.H. Robinson Worldwide closed at $105.14 at the end of the last trading period.

Credit Suisse initiated coverage on GXO Logistics Inc (NYSE:GXO) with an Outperform rating. The price target for GXO Logistics is set to $65.00. GXO Logistics earned $0.59 in the first quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $105.92 and a 52-week-low of $42.84. GXO Logistics closed at $46.06 at the end of the last trading period.

See all analyst ratings initiations.

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