Benzinga's Top Ratings Upgrades, Downgrades For April 11, 2023
Upgrades
For Meta Platforms Inc (NASDAQ:META), OTR Global upgraded the previous rating of Mixed to Positive. Meta Platforms earned $1.76 in the fourth quarter, compared to $3.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $216.94 and a 52-week-low of $88.10. Meta Platforms closed at $214.75 at the end of the last trading period.
According to SMBC Nikko, the prior rating for Shift4 Payments Inc (NYSE:FOUR) was changed from Neutral to Outperform. For the fourth quarter, Shift4 Payments had an EPS of $0.47, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $76.40 and a 52-week-low of $29.41. At the end of the last trading period, Shift4 Payments closed at $72.16.
SMBC Nikko upgraded the previous rating for Nuvei Corp (NASDAQ:NVEI) from Neutral to Outperform. In the fourth quarter, Nuvei showed an EPS of $0.47, compared to $0.47 from the year-ago quarter. The current stock performance of Nuvei shows a 52-week-high of $69.71 and a 52-week-low of $23.72. Moreover, at the end of the last trading period, the closing price was at $40.38.
JP Morgan upgraded the previous rating for U.S. Xpress Enterprises Inc (NYSE:USX) from Underweight to Neutral. For the fourth quarter, U.S. Xpress Enterprises had an EPS of $0.18, compared to year-ago quarter EPS of $0.03. The current stock performance of U.S. Xpress Enterprises shows a 52-week-high of $6.03 and a 52-week-low of $1.33. Moreover, at the end of the last trading period, the closing price was at $5.95.
According to RBC Capital, the prior rating for Baytex Energy Corp (NYSE:BTE) was changed from Sector Perform to Outperform. The current stock performance of Baytex Energy shows a 52-week-high of $4.40 and a 52-week-low of $3.02. Moreover, at the end of the last trading period, the closing price was at $3.88.
For Murphy Oil Corp (NYSE:MUR), Truist Securities upgraded the previous rating of Hold to Buy. In the fourth quarter, Murphy Oil showed an EPS of $1.10, compared to $0.40 from the year-ago quarter. The current stock performance of Murphy Oil shows a 52-week-high of $51.26 and a 52-week-low of $25.97. Moreover, at the end of the last trading period, the closing price was at $38.71.
According to Evercore ISI Group, the prior rating for Zimmer Biomet Holdings Inc (NYSE:ZBH) was changed from In-Line to Outperform. For the fourth quarter, Zimmer Biomet Holdings had an EPS of $1.88, compared to year-ago quarter EPS of $1.95. The current stock performance of Zimmer Biomet Holdings shows a 52-week-high of $135.00 and a 52-week-low of $100.41. Moreover, at the end of the last trading period, the closing price was at $128.15.
According to Stephens & Co., the prior rating for West Pharmaceutical Services Inc (NYSE:WST) was changed from Equal-Weight to Overweight. For the fourth quarter, West Pharmaceutical Servs had an EPS of $1.77, compared to year-ago quarter EPS of $2.04. The stock has a 52-week-high of $421.10 and a 52-week-low of $207.15. At the end of the last trading period, West Pharmaceutical Servs closed at $349.79.
For WW International Inc (NASDAQ:WW), Goldman Sachs upgraded the previous rating of Neutral to Buy. In the fourth quarter, WW International showed an EPS of $0.01, compared to $0.35 from the year-ago quarter. The current stock performance of WW International shows a 52-week-high of $11.03 and a 52-week-low of $3.28. Moreover, at the end of the last trading period, the closing price was at $4.12.
For Kazia Therapeutics Ltd (NASDAQ:KZIA), HC Wainwright & Co. upgraded the previous rating of Neutral to Buy. NoneThe current stock performance of Kazia Therapeutics shows a 52-week-high of $8.43 and a 52-week-low of $0.50. Moreover, at the end of the last trading period, the closing price was at $1.09.
Evercore ISI Group upgraded the previous rating for Welltower Inc (NYSE:WELL) from In-Line to Outperform. Welltower earned $0.83 in the fourth quarter, compared to $0.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $98.33 and a 52-week-low of $56.54. Welltower closed at $72.82 at the end of the last trading period.
According to Compass Point, the prior rating for MGIC Investment Corp (NYSE:MTG) was changed from Neutral to Buy. For the fourth quarter, MGIC Investment had an EPS of $0.64, compared to year-ago quarter EPS of $0.61. At the moment, the stock has a 52-week-high of $15.71 and a 52-week-low of $11.38. MGIC Investment closed at $13.26 at the end of the last trading period.
Compass Point upgraded the previous rating for Radian Group Inc (NYSE:RDN) from Neutral to Buy. Radian Group earned $1.05 in the fourth quarter, compared to $1.07 in the year-ago quarter. The current stock performance of Radian Group shows a 52-week-high of $23.84 and a 52-week-low of $17.84. Moreover, at the end of the last trading period, the closing price was at $21.98.
For Mohawk Industries Inc (NYSE:MHK), Loop Capital upgraded the previous rating of Hold to Buy. In the fourth quarter, Mohawk Industries showed an EPS of $1.32, compared to $2.95 from the year-ago quarter. The current stock performance of Mohawk Industries shows a 52-week-high of $158.88 and a 52-week-low of $87.25. Moreover, at the end of the last trading period, the closing price was at $94.72.
For Range Resources Corp (NYSE:RRC), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the fourth quarter, Range Resources showed an EPS of $1.30, compared to $0.96 from the year-ago quarter. The current stock performance of Range Resources shows a 52-week-high of $37.39 and a 52-week-low of $22.61. Moreover, at the end of the last trading period, the closing price was at $27.10.
According to Morgan Stanley, the prior rating for Virtu Financial Inc (NASDAQ:VIRT) was changed from Underweight to Equal-Weight. Virtu Finl earned $0.37 in the fourth quarter, compared to $1.19 in the year-ago quarter. The stock has a 52-week-high of $37.54 and a 52-week-low of $16.26. At the end of the last trading period, Virtu Finl closed at $18.46.
For Federated Hermes Inc (NYSE:FHI), JP Morgan upgraded the previous rating of Underweight to Overweight. In the fourth quarter, Federated Hermes showed an EPS of $0.90, compared to $0.71 from the year-ago quarter. The current stock performance of Federated Hermes shows a 52-week-high of $41.43 and a 52-week-low of $27.88. Moreover, at the end of the last trading period, the closing price was at $40.16.
According to Goldman Sachs, the prior rating for Whirlpool Corp (NYSE:WHR) was changed from Neutral to Buy. For the fourth quarter, Whirlpool had an EPS of $3.89, compared to year-ago quarter EPS of $6.14. At the moment, the stock has a 52-week-high of $199.03 and a 52-week-low of $124.10. Whirlpool closed at $129.08 at the end of the last trading period.
Piper Sandler upgraded the previous rating for Akamai Technologies Inc (NASDAQ:AKAM) from Neutral to Overweight. In the fourth quarter, Akamai Techs showed an EPS of $1.37, compared to $1.49 from the year-ago quarter. The stock has a 52-week-high of $123.19 and a 52-week-low of $70.65. At the end of the last trading period, Akamai Techs closed at $78.23.
See all analyst ratings upgrades.
Downgrades
Truist Securities downgraded the previous rating for EQT Corp (NYSE:EQT) from Buy to Hold. In the fourth quarter, EQT showed an EPS of $0.42, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $51.95 and a 52-week-low of $28.11. At the end of the last trading period, EQT closed at $33.39.
For Manhattan Associates Inc (NASDAQ:MANH), Rosenblatt downgraded the previous rating of Buy to Neutral. For the fourth quarter, Manhattan Associates had an EPS of $0.81, compared to year-ago quarter EPS of $0.48. The stock has a 52-week-high of $158.61 and a 52-week-low of $106.14. At the end of the last trading period, Manhattan Associates closed at $155.31.
For Antero Resources Corp (NYSE:AR), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Antero Resources earned $1.04 in the fourth quarter, compared to $0.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $48.77 and a 52-week-low of $20.65. Antero Resources closed at $24.11 at the end of the last trading period.
For Southwestern Energy Co (NYSE:SWN), Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. For the fourth quarter, Southwestern Energy had an EPS of $0.26, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $9.87 and a 52-week-low of $4.60. Southwestern Energy closed at $5.28 at the end of the last trading period.
For Nasdaq Inc (NASDAQ:NDAQ), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Nasdaq earned $0.64 in the fourth quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $69.21 and a 52-week-low of $47.07. At the end of the last trading period, Nasdaq closed at $54.38.
For Leggett & Platt Inc (NYSE:LEG), Goldman Sachs downgraded the previous rating of Buy to Neutral. Leggett & Platt earned $0.39 in the fourth quarter, compared to $0.77 in the year-ago quarter. The current stock performance of Leggett & Platt shows a 52-week-high of $41.93 and a 52-week-low of $30.05. Moreover, at the end of the last trading period, the closing price was at $30.98.
See all analyst ratings downgrades.
Initiations
UBS initiated coverage on Capital Southwest Corp (NASDAQ:CSWC) with a Neutral rating. The price target for Capital Southwest is set to $19.00. Capital Southwest earned $0.62 in the third quarter, compared to $0.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.36 and a 52-week-low of $16.29. Capital Southwest closed at $17.46 at the end of the last trading period.
EF Hutton initiated coverage on BurgerFi International Inc (NASDAQ:BFI) with a Buy rating. The price target for BurgerFi International is set to $2.50. For the fourth quarter, BurgerFi International had an EPS of $0.24, compared to year-ago quarter EPS of $6.27. The stock has a 52-week-high of $4.25 and a 52-week-low of $1.05. At the end of the last trading period, BurgerFi International closed at $1.21.
Ladenburg Thalmann initiated coverage on Horizon Technology Finance Corp (NASDAQ:HRZN) with a Buy rating. The price target for Horizon Tech Finance is set to $12.50. Horizon Tech Finance earned $0.40 in the fourth quarter, compared to $0.39 in the year-ago quarter. The stock has a 52-week-high of $14.33 and a 52-week-low of $9.68. At the end of the last trading period, Horizon Tech Finance closed at $11.42.
Baird initiated coverage on Hims & Hers Health Inc (NYSE:HIMS) with a Neutral rating. The price target for Hims & Hers Health is set to $10.00. In the fourth quarter, Hims & Hers Health showed an EPS of $0.05, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.04 and a 52-week-low of $2.73. Hims & Hers Health closed at $9.80 at the end of the last trading period.
With an Outperform rating, Baird initiated coverage on R1 RCM Inc (NASDAQ:RCM). The price target seems to have been set at $18.00 for R1 RCM. R1 RCM earned $0.09 in the fourth quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $27.86 and a 52-week-low of $6.71. At the end of the last trading period, R1 RCM closed at $14.96.
With a Neutral rating, Baird initiated coverage on Squarespace Inc (NYSE:SQSP). The price target seems to have been set at $34.00 for Squarespace. Squarespace earned $0.07 in the fourth quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.05 and a 52-week-low of $14.43. Squarespace closed at $32.56 at the end of the last trading period.
Baird initiated coverage on GoDaddy Inc (NYSE:GDDY) with an Outperform rating. The price target for GoDaddy is set to $95.00. For the fourth quarter, GoDaddy had an EPS of $0.60, compared to year-ago quarter EPS of $0.52. The stock has a 52-week-high of $88.30 and a 52-week-low of $64.69. At the end of the last trading period, GoDaddy closed at $76.37.
Baird initiated coverage on Roku Inc (NASDAQ:ROKU) with a Neutral rating. The price target for Roku is set to $71.00. In the fourth quarter, Roku showed an EPS of $1.70, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $120.20 and a 52-week-low of $38.27. Roku closed at $64.32 at the end of the last trading period.
Baird initiated coverage on Match Group Inc (NASDAQ:MTCH) with an Outperform rating. The price target for Match Group is set to $50.00. Match Group earned $0.30 in the fourth quarter, compared to $0.60 in the year-ago quarter. The stock has a 52-week-high of $102.97 and a 52-week-low of $34.62. At the end of the last trading period, Match Group closed at $35.67.
With an Outperform rating, Baird initiated coverage on Bumble Inc (NASDAQ:BMBL). The price target seems to have been set at $23.00 for Bumble. Bumble earned $0.23 in the fourth quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Bumble shows a 52-week-high of $39.31 and a 52-week-low of $17.62. Moreover, at the end of the last trading period, the closing price was at $18.67.
With an Outperform rating, Northland Capital Markets initiated coverage on Semtech Corp (NASDAQ:SMTC). The price target seems to have been set at $32.00 for Semtech. In the fourth quarter, Semtech showed an EPS of $0.47, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $65.51 and a 52-week-low of $21.07. At the end of the last trading period, Semtech closed at $21.52.
With a Market Perform rating, SVB Leerink initiated coverage on Corcept Therapeutics Inc (NASDAQ:CORT). The price target seems to have been set at $25.00 for Corcept Therapeutics. Corcept Therapeutics earned $0.14 in the fourth quarter, compared to $0.35 in the year-ago quarter. The current stock performance of Corcept Therapeutics shows a 52-week-high of $30.13 and a 52-week-low of $17.19. Moreover, at the end of the last trading period, the closing price was at $22.63.
Needham initiated coverage on Shopify Inc (NYSE:SHOP) with a Hold rating. For the fourth quarter, Shopify had an EPS of $0.07, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $64.10 and a 52-week-low of $23.64. At the end of the last trading period, Shopify closed at $45.35.
With an Overweight rating, JP Morgan initiated coverage on LendingClub Corp (NYSE:LC). The price target seems to have been set at $11.00 for LendingClub. LendingClub earned $0.19 in the fourth quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $17.45 and a 52-week-low of $6.52. At the end of the last trading period, LendingClub closed at $6.86.
Wolfe Research initiated coverage on Array Technologies Inc (NASDAQ:ARRY) with an Outperform rating. The price target for Array Technologies is set to $25.00. For the fourth quarter, Array Technologies had an EPS of $0.10, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $24.59 and a 52-week-low of $5.45. At the end of the last trading period, Array Technologies closed at $20.21.
JP Morgan initiated coverage on Upstart Holdings Inc (NASDAQ:UPST) with an Underweight rating. The price target for Upstart Hldgs is set to $11.00. In the fourth quarter, Upstart Hldgs showed an EPS of $0.25, compared to $0.89 from the year-ago quarter. The stock has a 52-week-high of $96.40 and a 52-week-low of $12.01. At the end of the last trading period, Upstart Hldgs closed at $17.18.
JMP Securities initiated coverage on Chewy Inc (NYSE:CHWY) with a Market Outperform rating. The price target for Chewy is set to $50.00. Chewy earned $0.01 in the fourth quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $52.88 and a 52-week-low of $22.23. At the end of the last trading period, Chewy closed at $35.23.
National Bank Financial Inc initiated coverage on Atlantica Sustainable Infrastructure PLC (NASDAQ:AY) with a Sector Perform rating. The price target for Atlantica Sustainable is set to $31.00. For the fourth quarter, Atlantica Sustainable had an EPS of $0.03, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $36.22 and a 52-week-low of $24.46. At the end of the last trading period, Atlantica Sustainable closed at $27.88.
Keefe, Bruyette & Woods initiated coverage on Crescent Capital BDC Inc (NASDAQ:CCAP) with an Outperform rating. The price target for Crescent Capital BDC is set to $18.00. For the fourth quarter, Crescent Capital BDC had an EPS of $0.49, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $18.59 and a 52-week-low of $12.56. Crescent Capital BDC closed at $13.47 at the end of the last trading period.
With an Overweight rating, Stephens & Co. initiated coverage on Paragon 28 Inc (NYSE:FNA). The price target seems to have been set at $23.00 for Paragon 28. For the fourth quarter, Paragon 28 had an EPS of $0.16, compared to year-ago quarter EPS of $0.07. The current stock performance of Paragon 28 shows a 52-week-high of $21.49 and a 52-week-low of $12.40. Moreover, at the end of the last trading period, the closing price was at $17.25.
With a Equal-Weight rating, Stephens & Co. initiated coverage on Treace Medical Concepts Inc (NASDAQ:TMCI). The price target seems to have been set at $26.00 for Treace Medical Concepts. For the fourth quarter, Treace Medical Concepts had an EPS of $0.08, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $27.97 and a 52-week-low of $12.49. Treace Medical Concepts closed at $27.41 at the end of the last trading period.
