Benzinga's Top Ratings Upgrades, Downgrades For April 19, 2023
Upgrades
For Tapestry Inc (NYSE:TPR), OTR Global upgraded the previous rating of Mixed to Positive. For the second quarter, Tapestry had an EPS of $1.36, compared to year-ago quarter EPS of $1.33. The current stock performance of Tapestry shows a 52-week-high of $47.48 and a 52-week-low of $26.39. Moreover, at the end of the last trading period, the closing price was at $42.12.
Benchmark upgraded the previous rating for Spirit AeroSystems Holdings Inc (NYSE:SPR) from Neutral to Buy. Spirit AeroSystems Hldgs earned $1.46 in the fourth quarter, compared to $0.84 in the year-ago quarter. The current stock performance of Spirit AeroSystems Hldgs shows a 52-week-high of $48.08 and a 52-week-low of $21.15. Moreover, at the end of the last trading period, the closing price was at $30.26.
For The AZEK Co Inc (NYSE:AZEK), B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, AZEK Co had an EPS of $0.09, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $30.26 and a 52-week-low of $15.15. At the end of the last trading period, AZEK Co closed at $25.91.
According to B of A Securities, the prior rating for Trex Co Inc (NYSE:TREX) was changed from Underperform to Neutral. In the fourth quarter, Trex Co showed an EPS of $0.23, compared to $0.55 from the year-ago quarter. The stock has a 52-week-high of $67.69 and a 52-week-low of $38.73. At the end of the last trading period, Trex Co closed at $53.18.
For Walmart Inc (NYSE:WMT), Gordon Haskett upgraded the previous rating of Accumulate to Buy. In the fourth quarter, Walmart showed an EPS of $1.71, compared to $1.53 from the year-ago quarter. The current stock performance of Walmart shows a 52-week-high of $160.77 and a 52-week-low of $117.28. Moreover, at the end of the last trading period, the closing price was at $149.85.
Wedbush upgraded the previous rating for Western Alliance Bancorp (NYSE:WAL) from Neutral to Outperform. In the first quarter, Western Alliance showed an EPS of $2.30, compared to $2.22 from the year-ago quarter. The stock has a 52-week-high of $86.87 and a 52-week-low of $7.46. At the end of the last trading period, Western Alliance closed at $32.51.
Wells Fargo upgraded the previous rating for Alliant Energy Corp (NASDAQ:LNT) from Equal-Weight to Overweight. For the fourth quarter, Alliant Energy had an EPS of $0.46, compared to year-ago quarter EPS of $0.35. The current stock performance of Alliant Energy shows a 52-week-high of $65.26 and a 52-week-low of $47.23. Moreover, at the end of the last trading period, the closing price was at $54.34.
According to Raymond James, the prior rating for Relay Therapeutics Inc (NASDAQ:RLAY) was changed from Outperform to Strong Buy. For the fourth quarter, Relay Therapeutics had an EPS of $0.56, compared to year-ago quarter EPS of $0.62. The stock has a 52-week-high of $33.05 and a 52-week-low of $10.85. At the end of the last trading period, Relay Therapeutics closed at $11.62.
Baird upgraded the previous rating for Global Payments Inc (NYSE:GPN) from Neutral to Outperform. In the fourth quarter, Global Payments showed an EPS of $2.42, compared to $2.13 from the year-ago quarter. The current stock performance of Global Payments shows a 52-week-high of $146.69 and a 52-week-low of $92.28. Moreover, at the end of the last trading period, the closing price was at $109.09.
For Immuneering Corp (NASDAQ:IMRX), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. Immuneering earned $0.50 in the fourth quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $16.02 and a 52-week-low of $3.70. At the end of the last trading period, Immuneering closed at $13.36.
Mizuho upgraded the previous rating for Immuneering Corp (NASDAQ:IMRX) from Neutral to Buy. Immuneering earned $0.50 in the fourth quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $16.02 and a 52-week-low of $3.70. At the end of the last trading period, Immuneering closed at $13.36.
According to UBS, the prior rating for Netflix Inc (NASDAQ:NFLX) was changed from Neutral to Buy. Netflix earned $2.88 in the first quarter, compared to $3.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $379.43 and a 52-week-low of $162.81. Netflix closed at $333.70 at the end of the last trading period.
UBS upgraded the previous rating for Exxon Mobil Corp (NYSE:XOM) from Neutral to Buy. In the fourth quarter, Exxon Mobil showed an EPS of $3.40, compared to $2.05 from the year-ago quarter. The stock has a 52-week-high of $119.63 and a 52-week-low of $79.29. At the end of the last trading period, Exxon Mobil closed at $116.94.
See all analyst ratings upgrades.
Downgrades
JP Morgan downgraded the previous rating for MYT Netherlands Parent BV (NYSE:MYTE) from Overweight to Neutral. For the second quarter, MYT Netherlands Parent had an EPS of $0.13, compared to year-ago quarter EPS of $0.02. The current stock performance of MYT Netherlands Parent shows a 52-week-high of $15.85 and a 52-week-low of $5.87. Moreover, at the end of the last trading period, the closing price was at $7.23.
According to OTR Global, the prior rating for United Rentals Inc (NYSE:URI) was changed from Positive to Mixed. United Rentals earned $9.74 in the fourth quarter, compared to $7.39 in the year-ago quarter. The current stock performance of United Rentals shows a 52-week-high of $481.99 and a 52-week-low of $230.54. Moreover, at the end of the last trading period, the closing price was at $387.28.
RBC Capital downgraded the previous rating for BELLUS Health Inc (NASDAQ:BLU) from Outperform to Sector Perform. For the fourth quarter, BELLUS Health had an EPS of $0.15, compared to year-ago quarter EPS of $0.18. The current stock performance of BELLUS Health shows a 52-week-high of $14.50 and a 52-week-low of $6.36. Moreover, at the end of the last trading period, the closing price was at $14.44.
Jefferies downgraded the previous rating for BELLUS Health Inc (NASDAQ:BLU) from Buy to Hold. For the fourth quarter, BELLUS Health had an EPS of $0.15, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $14.50 and a 52-week-low of $6.36. At the end of the last trading period, BELLUS Health closed at $14.44.
According to Canaccord Genuity, the prior rating for Greenbrook TMS Inc (NASDAQ:GBNH) was changed from Speculative Buy to Hold. Greenbrook TMS earned $1.22 in the fourth quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.92 and a 52-week-low of $0.50. Greenbrook TMS closed at $0.74 at the end of the last trading period.
B of A Securities downgraded the previous rating for CDW Corp (NASDAQ:CDW) from Buy to Neutral. In the fourth quarter, CDW showed an EPS of $2.50, compared to $2.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $215.00 and a 52-week-low of $148.03. CDW closed at $190.29 at the end of the last trading period.
For Extreme Networks Inc (NASDAQ:EXTR), Craig-Hallum downgraded the previous rating of Buy to Hold. Extreme Networks earned $0.27 in the second quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $21.03 and a 52-week-low of $8.50. At the end of the last trading period, Extreme Networks closed at $18.40.
For Hyatt Hotels Corp (NYSE:H), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. For the fourth quarter, Hyatt Hotels had an EPS of $2.55, compared to year-ago quarter EPS of $2.78. The stock has a 52-week-high of $125.07 and a 52-week-low of $70.13. At the end of the last trading period, Hyatt Hotels closed at $116.93.
According to UBS, the prior rating for Grupo Televisa SAB (NYSE:TV) was changed from Buy to Neutral. For the fourth quarter, Grupo Televisa had an EPS of $1.27, compared to year-ago quarter EPS of $0.26. The current stock performance of Grupo Televisa shows a 52-week-high of $11.47 and a 52-week-low of $4.38. Moreover, at the end of the last trading period, the closing price was at $5.12.
For Rivian Automotive Inc (NASDAQ:RIVN), RBC Capital downgraded the previous rating of Outperform to Sector Perform. Rivian Automotive earned $1.73 in the fourth quarter, compared to $2.43 in the year-ago quarter. The current stock performance of Rivian Automotive shows a 52-week-high of $40.86 and a 52-week-low of $12.58. Moreover, at the end of the last trading period, the closing price was at $13.43.
RBC Capital downgraded the previous rating for Magna International Inc (NYSE:MGA) from Outperform to Sector Perform. Magna International earned $0.91 in the fourth quarter, compared to $1.30 in the year-ago quarter. The stock has a 52-week-high of $68.92 and a 52-week-low of $45.60. At the end of the last trading period, Magna International closed at $54.77.
See all analyst ratings downgrades.
Initiations
UBS initiated coverage on APA Corp (NASDAQ:APA) with a Neutral rating. The price target for APA is set to $45.00. In the fourth quarter, APA showed an EPS of $1.48, compared to $1.29 from the year-ago quarter. The current stock performance of APA shows a 52-week-high of $51.95 and a 52-week-low of $30.15. Moreover, at the end of the last trading period, the closing price was at $39.42.
UBS initiated coverage on EQT Corp (NYSE:EQT) with a Neutral rating. The price target for EQT is set to $36.00. In the fourth quarter, EQT showed an EPS of $0.42, compared to $0.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.95 and a 52-week-low of $28.11. EQT closed at $33.31 at the end of the last trading period.
Evercore ISI Group initiated coverage on BridgeBio Pharma Inc (NASDAQ:BBIO) with an Outperform rating. The price target for BridgeBio Pharma is set to $40.00. For the fourth quarter, BridgeBio Pharma had an EPS of $0.92, compared to year-ago quarter EPS of $1.01. The stock has a 52-week-high of $19.95 and a 52-week-low of $4.99. At the end of the last trading period, BridgeBio Pharma closed at $15.15.
Argus Research initiated coverage on Chewy Inc (NYSE:CHWY) with a Hold rating. In the fourth quarter, Chewy showed an EPS of $0.01, compared to $0.16 from 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 $32.66.
Odeon Capital initiated coverage on Western Alliance Bancorp (NYSE:WAL) with a Hold rating. The price target for Western Alliance is set to $32.00. For the first quarter, Western Alliance had an EPS of $2.30, compared to year-ago quarter EPS of $2.22. At the moment, the stock has a 52-week-high of $86.87 and a 52-week-low of $7.46. Western Alliance closed at $32.51 at the end of the last trading period.
With an Outperform rating, RBC Capital initiated coverage on FirstService Corp (NASDAQ:FSV). The price target seems to have been set at $165.00 for FirstService. In the fourth quarter, FirstService showed an EPS of $1.22, compared to $1.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $148.70 and a 52-week-low of $112.48. FirstService closed at $142.85 at the end of the last trading period.
With a Sell rating, UBS initiated coverage on Range Resources Corp (NYSE:RRC). The price target seems to have been set at $24.00 for Range Resources. Range Resources earned $1.30 in the fourth quarter, compared to $0.96 in 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 $26.61.
UBS initiated coverage on Permian Resources Corp (NYSE:PR) with a Neutral rating. The price target for Permian Resources is set to $13.00. The stock has a 52-week-high of $12.05 and a 52-week-low of $6.12. At the end of the last trading period, Permian Resources closed at $10.89.
UBS initiated coverage on Murphy Oil Corp (NYSE:MUR) with a Neutral rating. The price target for Murphy Oil is set to $45.00. In the fourth quarter, Murphy Oil showed an EPS of $1.10, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.26 and a 52-week-low of $25.97. Murphy Oil closed at $38.90 at the end of the last trading period.
UBS initiated coverage on Devon Energy Corp (NYSE:DVN) with a Neutral rating. The price target for Devon Energy is set to $60.00. For the fourth quarter, Devon Energy had an EPS of $1.66, compared to year-ago quarter EPS of $1.39. At the moment, the stock has a 52-week-high of $79.39 and a 52-week-low of $44.03. Devon Energy closed at $55.22 at the end of the last trading period.
UBS initiated coverage on Occidental Petroleum Corp (NYSE:OXY) with a Neutral rating. The price target for Occidental Petroleum is set to $68.00. For the fourth quarter, Occidental Petroleum had an EPS of $1.61, compared to year-ago quarter EPS of $1.48. At the moment, the stock has a 52-week-high of $77.12 and a 52-week-low of $51.54. Occidental Petroleum closed at $63.00 at the end of the last trading period.
With a Neutral rating, UBS initiated coverage on Baker Hughes Co (NASDAQ:BKR). The price target seems to have been set at $31.00 for Baker Hughes. In the first quarter, Baker Hughes showed an EPS of $0.28, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $38.66 and a 52-week-low of $20.41. Baker Hughes closed at $29.50 at the end of the last trading period.
With a Neutral rating, UBS initiated coverage on Southwestern Energy Co (NYSE:SWN). The price target seems to have been set at $5.00 for Southwestern Energy. Southwestern Energy earned $0.26 in the fourth quarter, compared to $0.31 in the year-ago quarter. The current stock performance of Southwestern Energy shows a 52-week-high of $9.87 and a 52-week-low of $4.60. Moreover, at the end of the last trading period, the closing price was at $5.12.
UBS initiated coverage on Pioneer Natural Resources Co (NYSE:PXD) with a Neutral rating. The price target for Pioneer Natural Resources is set to $238.00. Pioneer Natural Resources earned $5.91 in the fourth quarter, compared to $4.58 in the year-ago quarter. The stock has a 52-week-high of $288.44 and a 52-week-low of $177.26. At the end of the last trading period, Pioneer Natural Resources closed at $228.48.
William Blair initiated coverage on Definitive Healthcare Corp (NASDAQ:DH) with an Outperform rating. For the fourth quarter, Definitive Healthcare had an EPS of $0.07, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $30.10 and a 52-week-low of $9.42. At the end of the last trading period, Definitive Healthcare closed at $10.98.
With a Market Perform rating, Bernstein initiated coverage on Aramark (NYSE:ARMK). The price target seems to have been set at $38.00 for Aramark. In the first quarter, Aramark showed an EPS of $0.44, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.72 and a 52-week-low of $28.77. Aramark closed at $35.61 at the end of the last trading period.
With a Buy rating, Daiwa Capital initiated coverage on Mobileye Global Inc (NASDAQ:MBLY). The price target seems to have been set at $50.00 for Mobileye Global. Mobileye Global earned $0.27 in the fourth quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $48.11 and a 52-week-low of $24.86. At the end of the last trading period, Mobileye Global closed at $46.01.
With a Buy rating, Jefferies initiated coverage on Bowlero Corp (NYSE:BOWL). The price target seems to have been set at $23.00 for Bowlero. Bowlero earned $0.20 in the second quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Bowlero shows a 52-week-high of $17.45 and a 52-week-low of $8.19. Moreover, at the end of the last trading period, the closing price was at $15.21.
With an Overweight rating, Piper Sandler initiated coverage on GE HealthCare Technologies Inc (NASDAQ:GEHC). The price target seems to have been set at $95.00 for GE HealthCare Techs. For the fourth quarter, GE HealthCare Techs had an EPS of $1.31, compared to year-ago quarter EPS of $1.36. The stock has a 52-week-high of $84.16 and a 52-week-low of $53.00. At the end of the last trading period, GE HealthCare Techs closed at $83.66.
With a Neutral rating, JP Morgan initiated coverage on Universal Health Services Inc (NYSE:UHS). The price target seems to have been set at $133.00 for Universal Health Servs. For the fourth quarter, Universal Health Servs had an EPS of $3.02, compared to year-ago quarter EPS of $2.95. The stock has a 52-week-high of $158.07 and a 52-week-low of $82.50. At the end of the last trading period, Universal Health Servs closed at $136.80.
JP Morgan initiated coverage on Tenet Healthcare Corp (NYSE:THC) with an Overweight rating. The price target for Tenet Healthcare is set to $72.00. For the fourth quarter, Tenet Healthcare had an EPS of $1.96, compared to year-ago quarter EPS of $2.70. At the moment, the stock has a 52-week-high of $91.81 and a 52-week-low of $36.70. Tenet Healthcare closed at $66.34 at the end of the last trading period.
Keybanc initiated coverage on Garmin Ltd (NYSE:GRMN) with a Sector Weight rating. For the fourth quarter, Garmin had an EPS of $1.35, compared to year-ago quarter EPS of $1.55. The stock has a 52-week-high of $117.20 and a 52-week-low of $76.41. At the end of the last trading period, Garmin closed at $99.44.
For Peloton Interactive Inc (NASDAQ:PTON), Keybanc initiated coverage, by setting the current rating at Sector Weight. For the second quarter, Peloton Interactive had an EPS of $0.98, compared to year-ago quarter EPS of $1.39. The stock has a 52-week-high of $25.12 and a 52-week-low of $6.66. At the end of the last trading period, Peloton Interactive closed at $9.90.
With a Buy rating, JonesTrading initiated coverage on Coeptis Therapeutics Holdings Inc (NASDAQ:COEP). The price target seems to have been set at $4.00 for Coeptis Therapeutics. The current stock performance of Coeptis Therapeutics shows a 52-week-high of $12.13 and a 52-week-low of $1.03. Moreover, at the end of the last trading period, the closing price was at $1.55.
Oppenheimer initiated coverage on Franklin Electric Co Inc (NASDAQ:FELE) with a Perform rating. Franklin Electric earned $0.84 in the fourth quarter, compared to $0.86 in the year-ago quarter. The stock has a 52-week-high of $100.00 and a 52-week-low of $68.27. At the end of the last trading period, Franklin Electric closed at $89.40.
With a Buy rating, Stifel initiated coverage on PLAYSTUDIOS Inc (NASDAQ:MYPS). The price target seems to have been set at $6.00 for PLAYSTUDIOS. PLAYSTUDIOS earned $0.02 in the fourth quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $6.59 and a 52-week-low of $3.25. At the end of the last trading period, PLAYSTUDIOS closed at $3.97.
With an Outperform rating, Oppenheimer initiated coverage on Advanced Drainage Systems Inc (NYSE:WMS). The price target seems to have been set at $108.00 for Advanced Drainage Systems. In the third quarter, Advanced Drainage Systems showed an EPS of $0.99, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $153.29 and a 52-week-low of $75.02. At the end of the last trading period, Advanced Drainage Systems closed at $82.20.