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Benzinga's Top Upgrades, Downgrades For January 5, 2021

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Benzinga Insights
·17 min read
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Upgrades

  • For PTC Therapeutics Inc (NASDAQ:PTCT), Citigroup upgraded the previous rating of Neutral to Buy. PTC Therapeutics earned $1.03 in the third quarter, compared to $1.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.81 and a 52-week-low of $30.79. PTC Therapeutics closed at $60.50 at the end of the last trading period.

  • GLJ Research upgraded the previous rating for Trinity Industries Inc (NYSE:TRN) from Sell to Buy. For the third quarter, Trinity Industries had an EPS of $0.17, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $26.87 and a 52-week-low of $14.53. At the end of the last trading period, Trinity Industries closed at $26.24.

  • According to B of A Securities, the prior rating for Armstrong World Industries Inc (NYSE:AWI) was changed from Neutral to Buy. For the third quarter, Armstrong World Indus had an EPS of $1.07, compared to year-ago quarter EPS of $1.38. At the moment, the stock has a 52-week-high of $111.46 and a 52-week-low of $57.96. Armstrong World Indus closed at $71.05 at the end of the last trading period.

  • According to B of A Securities, the prior rating for Tenet Healthcare Corp (NYSE:THC) was changed from Neutral to Buy. Tenet Healthcare earned $0.64 in the third quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $42.78 and a 52-week-low of $10.00. At the end of the last trading period, Tenet Healthcare closed at $38.98.

  • For iQIYI Inc (NASDAQ:IQ), New Street Research upgraded the previous rating of Neutral to Buy. In the third quarter, iQIYI showed an EPS of $0.24, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $28.03 and a 52-week-low of $14.51. At the end of the last trading period, iQIYI closed at $18.04.

  • Goldman Sachs upgraded the previous rating for T. Rowe Price Group Inc (NASDAQ:TROW) from Sell to Neutral. T. Rowe Price Group earned $2.55 in the third quarter, compared to $2.13 in the year-ago quarter. The stock has a 52-week-high of $154.33 and a 52-week-low of $82.51. At the end of the last trading period, T. Rowe Price Group closed at $147.69.

  • Goldman Sachs upgraded the previous rating for Raymond James Financial Inc (NYSE:RJF) from Sell to Buy. Raymond James Financial earned $1.78 in the fourth quarter, compared to $2.00 in the year-ago quarter. The current stock performance of Raymond James Financial shows a 52-week-high of $102.45 and a 52-week-low of $54.21. Moreover, at the end of the last trading period, the closing price was at $93.96.

  • For HubSpot Inc (NYSE:HUBS), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the third quarter, HubSpot had an EPS of $0.28, compared to year-ago quarter EPS of $0.32. The stock has a 52-week-high of $420.61 and a 52-week-low of $90.83. At the end of the last trading period, HubSpot closed at $387.22.

  • For Celanese Corp (NYSE:CE), BMO Capital upgraded the previous rating of Market Perform to Outperform. In the third quarter, Celanese showed an EPS of $1.95, compared to $2.53 from the year-ago quarter. The current stock performance of Celanese shows a 52-week-high of $138.31 and a 52-week-low of $52.70. Moreover, at the end of the last trading period, the closing price was at $125.97.

  • Evercore ISI Group upgraded the previous rating for Albemarle Corp (NYSE:ALB) from Underperform to In-Line. Albemarle earned $1.09 in the third quarter, compared to $1.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $156.76 and a 52-week-low of $48.89. Albemarle closed at $152.67 at the end of the last trading period.

  • According to Stifel, the prior rating for JD.com Inc (NASDAQ:JD) was changed from Hold to Buy. For the third quarter, JD.com had an EPS of $0.50, compared to year-ago quarter EPS of $0.29. The stock has a 52-week-high of $92.77 and a 52-week-low of $32.70. At the end of the last trading period, JD.com closed at $86.33.

  • Citigroup upgraded the previous rating for Micron Technology Inc (NASDAQ:MU) from Sell to Buy. Micron Technology earned $1.08 in the fourth quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $78.61 and a 52-week-low of $31.13. At the end of the last trading period, Micron Technology closed at $74.05.

  • According to Piper Sandler, the prior rating for Huntington Bancshares Inc (NASDAQ:HBAN) was changed from Neutral to Overweight. Huntington Bancshares earned $0.27 in the third quarter, compared to $0.34 in the year-ago quarter. The stock has a 52-week-high of $14.86 and a 52-week-low of $6.82. At the end of the last trading period, Huntington Bancshares closed at $12.56.

  • Goldman Sachs upgraded the previous rating for Enphase Energy Inc (NASDAQ:ENPH) from Neutral to Buy. Enphase Energy earned $0.30 in the third quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $189.41 and a 52-week-low of $21.49. At the end of the last trading period, Enphase Energy closed at $172.24.

  • According to BMO Capital, the prior rating for Avery Dennison Corp (NYSE:AVY) was changed from Market Perform to Outperform. Avery Dennison earned $1.91 in the third quarter, compared to $1.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $157.25 and a 52-week-low of $76.96. Avery Dennison closed at $151.85 at the end of the last trading period.

  • According to Piper Sandler, the prior rating for DocuSign Inc (NASDAQ:DOCU) was changed from Neutral to Overweight. For the third quarter, DocuSign had an EPS of $0.22, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $290.23 and a 52-week-low of $64.88. DocuSign closed at $222.41 at the end of the last trading period.

  • KeyBanc upgraded the previous rating for Cadence Design Systems Inc (NASDAQ:CDNS) from Sector Weight to Overweight. In the third quarter, Cadence Design Systems showed an EPS of $0.70, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $138.31 and a 52-week-low of $51.39. Cadence Design Systems closed at $135.76 at the end of the last trading period.

 

Downgrades

  • For FLIR Systems Inc (NASDAQ:FLIR), William Blair downgraded the previous rating of Outperform to Market Perform. In the third quarter, FLIR Systems showed an EPS of $0.64, compared to $0.59 from the year-ago quarter. The stock has a 52-week-high of $59.44 and a 52-week-low of $23.85. At the end of the last trading period, FLIR Systems closed at $52.24.

  • According to B of A Securities, the prior rating for Universal Health Services Inc (NYSE:UHS) was changed from Neutral to Underperform. In the third quarter, Universal Health Services showed an EPS of $2.88, compared to $1.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $148.27 and a 52-week-low of $65.20. Universal Health Services closed at $135.26 at the end of the last trading period.

  • For Stifel Financial Corp (NYSE:SF), Goldman Sachs downgraded the previous rating of Buy to Neutral. Stifel Financial earned $1.59 in the third quarter, compared to $1.50 in the year-ago quarter. The stock has a 52-week-high of $117.11 and a 52-week-low of $46.70. At the end of the last trading period, Stifel Financial closed at $48.90.

  • According to Goldman Sachs, the prior rating for State Street Corporation (NYSE:STT) was changed from Buy to Neutral. State Street earned $1.45 in the third quarter, compared to $1.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $85.89 and a 52-week-low of $42.10. State Street closed at $72.23 at the end of the last trading period.

  • For PulteGroup Inc (NYSE:PHM), B of A Securities downgraded the previous rating of Neutral to Underperform. In the third quarter, PulteGroup showed an EPS of $1.34, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $49.70 and a 52-week-low of $17.12. PulteGroup closed at $42.17 at the end of the last trading period.

  • B of A Securities downgraded the previous rating for M.D.C. Holdings Inc (NYSE:MDC) from Buy to Neutral. M.D.C. Holdings earned $1.49 in the third quarter, compared to $0.79 in the year-ago quarter. The current stock performance of M.D.C. Holdings shows a 52-week-high of $52.50 and a 52-week-low of $15.75. Moreover, at the end of the last trading period, the closing price was at $47.58.

  • According to Raymond James, the prior rating for FLIR Systems Inc (NASDAQ:FLIR) was changed from Strong Buy to Market Perform. For the third quarter, FLIR Systems had an EPS of $0.64, compared to year-ago quarter EPS of $0.59. The stock has a 52-week-high of $59.44 and a 52-week-low of $23.85. At the end of the last trading period, FLIR Systems closed at $52.24.

  • For DaVita Inc (NYSE:DVA), B of A Securities downgraded the previous rating of Buy to Neutral. For the third quarter, DaVita had an EPS of $1.80, compared to year-ago quarter EPS of $1.53. The current stock performance of DaVita shows a 52-week-high of $118.68 and a 52-week-low of $62.20. Moreover, at the end of the last trading period, the closing price was at $116.49.

  • Credit Suisse downgraded the previous rating for Conagra Brands Inc (NYSE:CAG) from Neutral to Underperform. Conagra Brands earned $0.70 in the first quarter, compared to $0.43 in the year-ago quarter. The current stock performance of Conagra Brands shows a 52-week-high of $39.34 and a 52-week-low of $22.83. Moreover, at the end of the last trading period, the closing price was at $35.98.

  • Wells Fargo downgraded the previous rating for 8x8 Inc (NYSE:EGHT) from Equal-Weight to Underweight. 8x8 earned $0.03 in the second quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $35.72 and a 52-week-low of $10.70. 8x8 closed at $33.94 at the end of the last trading period.

  • Baird downgraded the previous rating for Jacobs Engineering Group Inc (NYSE:J) from Outperform to Neutral. Jacobs Engineering Group earned $1.39 in the fourth quarter, compared to $1.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $111.17 and a 52-week-low of $59.29. Jacobs Engineering Group closed at $106.04 at the end of the last trading period.

  • For First Solar Inc (NASDAQ:FSLR), Goldman Sachs downgraded the previous rating of Buy to Sell. In the third quarter, First Solar showed an EPS of $1.45, compared to $0.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $109.09 and a 52-week-low of $28.47. First Solar closed at $101.24 at the end of the last trading period.

  • Needham downgraded the previous rating for FLIR Systems Inc (NASDAQ:FLIR) from Buy to Hold. FLIR Systems earned $0.64 in the third quarter, compared to $0.59 in the year-ago quarter. The current stock performance of FLIR Systems shows a 52-week-high of $59.44 and a 52-week-low of $23.85. Moreover, at the end of the last trading period, the closing price was at $52.24.

  • Goldman Sachs downgraded the previous rating for Canadian Solar Inc (NASDAQ:CSIQ) from Buy to Neutral. Canadian Solar earned $0.15 in the third quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.42 and a 52-week-low of $12.00. Canadian Solar closed at $52.64 at the end of the last trading period.

  • For Cree Inc (NASDAQ:CREE), JP Morgan downgraded the previous rating of Overweight to Neutral. In the first quarter, Cree showed an EPS of $0.19, compared to $0.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $116.49 and a 52-week-low of $27.77. Cree closed at $106.99 at the end of the last trading period.

  • For Tesla Inc (NASDAQ:TSLA), Exane BNP Paribas downgraded the previous rating of Neutral to Underperform. For the third quarter, Tesla had an EPS of $0.76, compared to year-ago quarter EPS of $0.37. At the moment, the stock has a 52-week-high of $744.49 and a 52-week-low of $70.10. Tesla closed at $729.77 at the end of the last trading period.

  • For Fortinet Inc (NASDAQ:FTNT), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, Fortinet showed an EPS of $0.88, compared to $0.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $153.33 and a 52-week-low of $70.20. Fortinet closed at $145.56 at the end of the last trading period.

  • For Airbnb Inc (NASDAQ:ABNB), Atlantic Equities downgraded the previous rating of Overweight to Neutral. The current stock performance of Airbnb shows a 52-week-high of $174.97 and a 52-week-low of $121.50. Moreover, at the end of the last trading period, the closing price was at $139.15.

  • SVB Leerink downgraded the previous rating for Calithera Biosciences Inc (NASDAQ:CALA) from Outperform to Market Perform. For the third quarter, Calithera Biosciences had an EPS of $0.32, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $8.18 and a 52-week-low of $2.46. At the end of the last trading period, Calithera Biosciences closed at $2.72.

 

Initiations

  • With a Buy rating, Roth Capital initiated coverage on Vivos Therapeutics Inc (NASDAQ:VVOS). The price target seems to have been set at $12.00 for Vivos Therapeutics. The current stock performance of Vivos Therapeutics shows a 52-week-high of $14.41 and a 52-week-low of $5.64. Moreover, at the end of the last trading period, the closing price was at $6.01.

  • Truist Securities initiated coverage on Texas Roadhouse Inc (NASDAQ:TXRH) with a Buy rating. The price target for Texas Roadhouse is set to $93.00. Texas Roadhouse earned $0.42 in the third quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $84.27 and a 52-week-low of $25.15. At the end of the last trading period, Texas Roadhouse closed at $74.26.

  • B of A Securities initiated coverage on Certara Inc (NASDAQ:CERT) with a Buy rating. The price target for Certara is set to $41.00. The stock has a 52-week-high of $41.79 and a 52-week-low of $29.70. At the end of the last trading period, Certara closed at $33.00.

  • With an Outperform rating, SVB Leerink initiated coverage on AbCellera Biologics Inc (NASDAQ:ABCL). The price target seems to have been set at $45.00 for AbCellera Biologics. The current stock performance of AbCellera Biologics shows a 52-week-high of $71.91 and a 52-week-low of $37.62. Moreover, at the end of the last trading period, the closing price was at $39.10.

  • With a Buy rating, B of A Securities initiated coverage on 4D Molecular Therapeutics Inc (NASDAQ:FDMT). The price target seems to have been set at $47.00 for 4D Molecular Therapeutics. The stock has a 52-week-high of $49.06 and a 52-week-low of $36.00. At the end of the last trading period, 4D Molecular Therapeutics closed at $37.69.

  • With a Buy rating, HSBC initiated coverage on Ozon Holdings PLC (NASDAQ:OZON). The price target seems to have been set at $55.00 for Ozon Holdings. The stock has a 52-week-high of $51.04 and a 52-week-low of $0.00. At the end of the last trading period, Ozon Holdings closed at $43.49.

  • Oppenheimer initiated coverage on Taysha Gene Therapies Inc (NASDAQ:TSHA) with an Outperform rating. Interestingly, in the third quarter, Taysha Gene Therapies's EPS was $1.28. The stock has a 52-week-high of $29.96 and a 52-week-low of $18.16. At the end of the last trading period, Taysha Gene Therapies closed at $26.17.

  • BTIG initiated coverage on Delcath Systems Inc (NASDAQ:DCTH) with a Buy rating. The price target for Delcath Systems is set to $23.00. Delcath Systems earned $1.16 in the third quarter, compared to $0.32 in the year-ago quarter. The current stock performance of Delcath Systems shows a 52-week-high of $19.82 and a 52-week-low of $6.06. Moreover, at the end of the last trading period, the closing price was at $16.91.

  • HC Wainwright & Co. initiated coverage on Kazia Therapeutics Ltd (NASDAQ:KZIA) with a Buy rating. The price target for Kazia Therapeutics is set to $17.00. At the moment, the stock has a 52-week-high of $15.85 and a 52-week-low of $2.47. Kazia Therapeutics closed at $8.98 at the end of the last trading period.

  • Goldman Sachs initiated coverage on 4D Molecular Therapeutics Inc (NASDAQ:FDMT) with a Neutral rating. The price target for 4D Molecular Therapeutics is set to $44.00. At the moment, the stock has a 52-week-high of $49.06 and a 52-week-low of $36.00. 4D Molecular Therapeutics closed at $37.69 at the end of the last trading period.

  • Wedbush initiated coverage on McDonald's Corp (NYSE:MCD) with an Outperform rating. The price target for McDonald's is set to $240.00. In the third quarter, McDonald's showed an EPS of $2.22, compared to $2.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $231.91 and a 52-week-low of $124.23. McDonald's closed at $210.21 at the end of the last trading period.

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