Benzinga·May 18Benzinga's Top Ratings Upgrades, Downgrades For May 18, 2023
Upgrades
According to CIBC, the prior rating for BlackBerry Ltd (NYSE:BB) was changed from Underperformer to Neutral. In the fourth quarter, BlackBerry showed an EPS of $0.02, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $7.20 and a 52-week-low of $3.17. At the end of the last trading period, BlackBerry closed at $5.38.
Evercore ISI Group upgraded the previous rating for Teva Pharmaceutical Industries Ltd (NYSE:TEVA) from In-Line to Outperform. In the first quarter, Teva Pharmaceutical Indus showed an EPS of $0.40, compared to $0.55 from the year-ago quarter. The current stock performance of Teva Pharmaceutical Indus shows a 52-week-high of $11.45 and a 52-week-low of $6.78. Moreover, at the end of the last trading period, the closing price was at $8.13.
According to B of A Securities, the prior rating for Cincinnati Financial Corp (NASDAQ:CINF) was changed from Neutral to Buy. Cincinnati Financial earned $0.89 in the first quarter, compared to $1.58 in the year-ago quarter. The current stock performance of Cincinnati Financial shows a 52-week-high of $130.66 and a 52-week-low of $88.67. Moreover, at the end of the last trading period, the closing price was at $102.69.
According to UBS, the prior rating for Albemarle Corp (NYSE:ALB) was changed from Neutral to Buy. For the first quarter, Albemarle had an EPS of $10.32, compared to year-ago quarter EPS of $2.38. At the moment, the stock has a 52-week-high of $334.20 and a 52-week-low of $171.82. Albemarle closed at $207.99 at the end of the last trading period.
BTIG upgraded the previous rating for Dynatrace Inc (NYSE:DT) from Neutral to Buy. Dynatrace earned $0.31 in the fourth quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $48.00 and a 52-week-low of $31.55. At the end of the last trading period, Dynatrace closed at $47.07.
According to Mizuho, the prior rating for WEC Energy Group Inc (NYSE:WEC) was changed from Neutral to Buy. WEC Energy Group earned $1.61 in the first quarter, compared to $1.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $108.39 and a 52-week-low of $80.91. WEC Energy Group closed at $89.27 at the end of the last trading period.
For Rambus Inc (NASDAQ:RMBS), Jefferies upgraded the previous rating of Hold to Buy. Rambus earned $0.03 in the first quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.23 and a 52-week-low of $20.00. Rambus closed at $53.55 at the end of the last trading period.
According to Citigroup, the prior rating for Tencent Music Entertainment Group (NYSE:TME) was changed from Neutral to Buy. Tencent Music Enter Gr earned $0.13 in the first quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $9.29 and a 52-week-low of $3.15. At the end of the last trading period, Tencent Music Enter Gr closed at $8.31.
Roth Capital upgraded the previous rating for Snap-on Inc (NYSE:SNA) from Neutral to Buy. Snap-on earned $4.60 in the first quarter, compared to $4.00 in the year-ago quarter. The stock has a 52-week-high of $265.02 and a 52-week-low of $190.37. At the end of the last trading period, Snap-on closed at $257.53.
According to National Bank Financial Inc, the prior rating for Ritchie Bros Auctioneers Inc (NYSE:RBA) was changed from Sector Perform to Outperform. In the first quarter, Ritchie Bros Auctioneers showed an EPS of $0.57, compared to $0.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.68 and a 52-week-low of $48.75. Ritchie Bros Auctioneers closed at $51.85 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
For XP Inc (NASDAQ:XP), Banco Bradesco BBI S.A downgraded the previous rating of Outperform to Neutral. XP earned $0.28 in the first quarter, compared to $0.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $25.18 and a 52-week-low of $10.30. ...Full story available on Benzinga.com
