Benzinga's Top Ratings Upgrades, Downgrades For May 14, 2021
Portfolio Pulse from Benzinga Insights
The article provides a comprehensive list of stock rating changes by various financial institutions for May 14, 2021. It includes upgrades, downgrades, and initiations for several US-listed companies, highlighting their recent EPS performance and stock price ranges.
May 14, 2021 | 2:03 pm
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POSITIVE IMPACT
Wells Fargo upgraded Airbnb Inc from Equal-Weight to Overweight. Airbnb's recent EPS was $1.14, with a stock price closing at $135.75.
The upgrade to Overweight indicates strong growth potential, likely leading to a positive impact on Airbnb's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
BMO Capital upgraded Aurora Cannabis Inc from Underperform to Market Perform. Aurora Cannabis' recent EPS was $0.67, with a stock price closing at $7.34.
The upgrade to Market Perform suggests improved performance expectations, likely supporting Aurora Cannabis' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Argus Research upgraded Adtran Inc from Hold to Buy. Adtran's recent EPS was $0.13, with a stock price closing at $19.01.
The upgrade to Buy suggests a favorable outlook for Adtran, likely resulting in a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
B. Riley Securities initiated coverage on Allogene Therapeutics Inc with a Buy rating and a price target of $52.00. Allogene Therapeutics' stock price closed at $26.94.
The initiation with a Buy rating and a price target above the current price suggests positive expectations, likely boosting Allogene Therapeutics' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Argus Research upgraded Central Garden & Pet Co from Hold to Buy. Central Garden & Pet's recent EPS was $1.32, with a stock price closing at $57.33.
The upgrade to Buy indicates positive expectations, likely boosting Central Garden & Pet's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Jefferies upgraded Churchill Downs Inc from Hold to Buy. Churchill Downs' recent EPS was $0.87, with a stock price closing at $190.22.
The upgrade to Buy suggests a positive outlook for Churchill Downs, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Piper Sandler initiated coverage on Coinbase Global Inc with an Overweight rating and a price target of $335.00. Coinbase's recent EPS was $3.05, with a stock price closing at $265.10.
The initiation with an Overweight rating and a high price target suggests strong growth potential, likely boosting Coinbase's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
BMO Capital upgraded CubeSmart from Market Perform to Outperform. CubeSmart's recent EPS was $0.47, with a stock price closing at $41.86.
The upgrade to Outperform suggests a favorable outlook, likely resulting in a short-term price increase for CubeSmart.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Wells Fargo upgraded DoorDash Inc from Equal-Weight to Overweight. DoorDash's recent EPS was $0.34, with a stock price closing at $115.48.
The upgrade to Overweight by Wells Fargo indicates strong growth potential, likely leading to a positive impact on DoorDash's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
B. Riley Securities initiated coverage on Forte Biosciences Inc with a Buy rating and a price target of $73.00. Forte Biosciences' stock price closed at $31.50.
The initiation with a Buy rating and a price target above the current price suggests positive expectations, likely boosting Forte Biosciences' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Alliance Global Partners upgraded GrowGeneration Corp from Neutral to Buy. GrowGeneration's recent EPS was $0.10, with a stock price closing at $35.53.
The upgrade to Buy suggests a positive outlook for GrowGeneration, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Evercore ISI Group upgraded Host Hotels & Resorts Inc from In-Line to Outperform. Host Hotels & Resorts' recent EPS was $0.01, with a stock price closing at $16.70.
The upgrade to Outperform suggests a favorable outlook, likely resulting in a short-term price increase for Host Hotels & Resorts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Berenberg initiated coverage on KnowBe4 Inc with a Buy rating and a price target of $22.00. KnowBe4's stock price closed at $17.55.
The initiation with a Buy rating and a price target above the current price suggests positive expectations, likely boosting KnowBe4's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Wolfe Research initiated coverage on Live Nation Entertainment Inc with an Outperform rating and a price target of $97.00. Live Nation Entertainment's stock price closed at $81.28.
The initiation with an Outperform rating and a price target above the current price suggests positive expectations, likely boosting Live Nation Entertainment's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Goldman Sachs initiated coverage on MongoDB Inc with a Buy rating and a price target of $310.00. MongoDB's stock price closed at $244.74.
The initiation with a Buy rating and a price target above the current price suggests strong growth potential, likely boosting MongoDB's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Canaccord Genuity upgraded Mogo Inc from Hold to Speculative Buy. Mogo's recent EPS was $0.06, with a stock price closing at $6.73.
The upgrade from Hold to Speculative Buy by Canaccord Genuity suggests a positive outlook for Mogo, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Wolfe Research upgraded Spirit Airlines Inc from Underperform to Peer Perform. Spirit Airlines' recent EPS was $2.48, with a stock price closing at $33.17.
The upgrade to Peer Perform suggests improved performance expectations, likely supporting Spirit Airlines' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Goldman Sachs upgraded Snowflake Inc from Neutral to Buy. Snowflake's recent EPS was $0.16, with a stock price closing at $188.20.
The upgrade to Buy indicates strong growth potential, likely boosting Snowflake's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
B of A Securities upgraded Tuya Inc from Neutral to Buy. Tuya's recent EPS was $0.09, with a stock price closing at $16.96.
The upgrade to Buy by B of A Securities indicates a positive sentiment, likely boosting Tuya's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Oppenheimer upgraded Unity Software Inc from Perform to Outperform. Unity Software's recent EPS was $0.10, with a stock price closing at $80.94.
The upgrade to Outperform indicates strong growth potential, likely boosting Unity Software's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
RBC Capital initiated coverage on Verrica Pharmaceuticals Inc with an Outperform rating and a price target of $19.00. Verrica Pharmaceuticals' stock price closed at $11.67.
The initiation with an Outperform rating and a price target above the current price suggests positive expectations, likely boosting Verrica Pharmaceuticals' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Stifel upgraded Vertex Energy Inc from Hold to Buy. Vertex Energy's recent EPS was $0.01, with a stock price closing at $1.70.
The upgrade to Buy suggests a positive outlook for Vertex Energy, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Goldman Sachs upgraded AMC Networks Inc from Sell to Neutral. AMC Networks' recent EPS was $2.98, with a stock price closing at $47.45.
The upgrade to Neutral suggests a more balanced outlook, likely resulting in a stable stock price for AMC Networks.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 90
NEUTRAL IMPACT
RBC Capital initiated coverage on MannKind Corp with a Sector Perform rating and a price target of $5.00. MannKind's stock price closed at $4.03.
The initiation with a Sector Perform rating suggests a balanced outlook, likely resulting in a stable stock price for MannKind.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 90
NEUTRAL IMPACT
Goldman Sachs initiated coverage on Anaplan Inc with a Neutral rating and a price target of $60.00. Anaplan's stock price closed at $52.23.
The initiation with a Neutral rating suggests a balanced outlook, likely resulting in a stable stock price for Anaplan.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 90
NEGATIVE IMPACT
Benchmark downgraded BioLife Solutions Inc from Buy to Hold. BioLife Solutions' recent EPS was $0.01, with a stock price closing at $29.53.
The downgrade to Hold suggests a less favorable outlook, likely leading to a short-term price decrease for BioLife Solutions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Goldman Sachs initiated coverage on Dropbox Inc with a Sell rating and a price target of $26.00. Dropbox's stock price closed at $24.44.
The initiation with a Sell rating suggests a negative outlook, likely leading to a short-term price decrease for Dropbox.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
BMO Capital downgraded Extra Space Storage Inc from Outperform to Market Perform. Extra Space Storage's recent EPS was $1.50, with a stock price closing at $144.95.
The downgrade to Market Perform suggests a more cautious outlook, likely leading to a short-term price decrease for Extra Space Storage.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
JP Morgan downgraded Lumentum Holdings Inc from Overweight to Neutral. Lumentum Holdings' recent EPS was $1.40, with a stock price closing at $67.43.
The downgrade to Neutral suggests a more balanced outlook, likely leading to a stable or slightly decreasing stock price for Lumentum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Goldman Sachs initiated coverage on SolarWinds Corp with a Sell rating and a price target of $16.00. SolarWinds' stock price closed at $16.00.
The initiation with a Sell rating suggests a negative outlook, likely leading to a short-term price decrease for SolarWinds.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Scotiabank downgraded Ternium SA from Outperform to Sector Perform. Ternium's recent EPS was $3.07, with a stock price closing at $39.67.
The downgrade to Sector Perform suggests a more cautious outlook, likely leading to a short-term price decrease for Ternium.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90