Benzinga's Top Ratings Upgrades, Downgrades For April 26, 2023
Upgrades
Piper Sandler upgraded the previous rating for BankUnited Inc (NYSE:BKU) from Underweight to Neutral. For the first quarter, BankUnited had an EPS of $0.70, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $42.19 and a 52-week-low of $19.04. BankUnited closed at $20.86 at the end of the last trading period.
According to Societe Generale, the prior rating for Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) was changed from Sell to Hold. NoneAt the moment, the stock has a 52-week-high of $63.77 and a 52-week-low of $41.81. Coca-Cola Europacific closed at $63.28 at the end of the last trading period.
For Microsoft Corp (NASDAQ:MSFT), BMO Capital upgraded the previous rating of Market Perform to Outperform. Microsoft earned $2.45 in the third quarter, compared to $2.22 in the year-ago quarter. The current stock performance of Microsoft shows a 52-week-high of $294.18 and a 52-week-low of $213.46. Moreover, at the end of the last trading period, the closing price was at $275.42.
According to Macquarie, the prior rating for Microsoft Corp (NASDAQ:MSFT) was changed from Neutral to Outperform. For the third quarter, Microsoft had an EPS of $2.45, compared to year-ago quarter EPS of $2.22. The stock has a 52-week-high of $294.18 and a 52-week-low of $213.46. At the end of the last trading period, Microsoft closed at $275.42.
For TransUnion (NYSE:TRU), Needham upgraded the previous rating of Hold to Buy. For the first quarter, TransUnion had an EPS of $0.80, compared to year-ago quarter EPS of $0.93. The stock has a 52-week-high of $93.98 and a 52-week-low of $50.40. At the end of the last trading period, TransUnion closed at $63.07.
According to Wolfe Research, the prior rating for United Parcel Service Inc (NYSE:UPS) was changed from Underperform to Peer Perform. United Parcel Service earned $2.20 in the first quarter, compared to $3.05 in the year-ago quarter. The current stock performance of United Parcel Service shows a 52-week-high of $209.34 and a 52-week-low of $154.91. Moreover, at the end of the last trading period, the closing price was at $176.29.
Tigress Financial upgraded the previous rating for Albertsons Companies Inc (NYSE:ACI) from Neutral to Buy. Albertsons Companies earned $0.79 in the fourth quarter, compared to $0.75 in the year-ago quarter. The stock has a 52-week-high of $32.67 and a 52-week-low of $19.14. At the end of the last trading period, Albertsons Companies closed at $20.96.
See all analyst ratings upgrades.
Downgrades
According to HC Wainwright & Co., the prior rating for Spectrum Pharmaceuticals Inc (NASDAQ:SPPI) was changed from Buy to Neutral. Spectrum Pharma earned $0.06 in the fourth quarter, compared to $0.17 in the year-ago quarter. The current stock performance of Spectrum Pharma shows a 52-week-high of $1.57 and a 52-week-low of $0.32. Moreover, at the end of the last trading period, the closing price was at $0.92.
According to Seaport Global, the prior rating for Northern Trust Corp (NASDAQ:NTRS) was changed from Buy to Neutral. In the first quarter, Northern Trust showed an EPS of $1.51, compared to $1.77 from the year-ago quarter. The current stock performance of Northern Trust shows a 52-week-high of $113.12 and a 52-week-low of $76.15. Moreover, at the end of the last trading period, the closing price was at $78.16.
According to Maxim Group, the prior rating for First Republic Bank (NYSE:FRC) was changed from Buy to Hold. In the first quarter, First Republic Bank showed an EPS of $1.23, compared to $2.00 from the year-ago quarter. The stock has a 52-week-high of $171.04 and a 52-week-low of $7.92. At the end of the last trading period, First Republic Bank closed at $8.10.
According to B of A Securities, the prior rating for Enphase Energy Inc (NASDAQ:ENPH) was changed from Neutral to Underperform. In the first quarter, Enphase Energy showed an EPS of $1.37, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $339.88 and a 52-week-low of $128.68. At the end of the last trading period, Enphase Energy closed at $220.60.
For Spectrum Pharmaceuticals Inc (NASDAQ:SPPI), JMP Securities downgraded the previous rating of Market Outperform to Market Perform. In the fourth quarter, Spectrum Pharma showed an EPS of $0.06, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $1.57 and a 52-week-low of $0.32. Spectrum Pharma closed at $0.92 at the end of the last trading period.
According to Wolfe Research, the prior rating for Teleflex Inc (NYSE:TFX) was changed from Outperform to Peer Perform. Teleflex earned $3.52 in the fourth quarter, compared to $3.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $326.82 and a 52-week-low of $182.65. Teleflex closed at $268.34 at the end of the last trading period.
B of A Securities downgraded the previous rating for Danaher Corp (NYSE:DHR) from Buy to Neutral. Danaher earned $2.36 in the first quarter, compared to $2.76 in the year-ago quarter. The current stock performance of Danaher shows a 52-week-high of $303.81 and a 52-week-low of $230.99. Moreover, at the end of the last trading period, the closing price was at $231.99.
According to Wedbush, the prior rating for HomeStreet Inc (NASDAQ:HMST) was changed from Outperform to Neutral. HomeStreet earned $0.27 in the first quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $44.57 and a 52-week-low of $10.79. At the end of the last trading period, HomeStreet closed at $11.27.
According to Jefferies, the prior rating for Tesla Inc (NASDAQ:TSLA) was changed from Buy to Hold. For the first quarter, Tesla had an EPS of $0.85, compared to year-ago quarter EPS of $1.07. The current stock performance of Tesla shows a 52-week-high of $336.18 and a 52-week-low of $101.81. Moreover, at the end of the last trading period, the closing price was at $160.67.
Barclays downgraded the previous rating for The Scotts Miracle Gro Co (NYSE:SMG) from Overweight to Equal-Weight. In the first quarter, Scotts Miracle Gro showed an EPS of $1.02, compared to $0.88 from the year-ago quarter. The current stock performance of Scotts Miracle Gro shows a 52-week-high of $118.03 and a 52-week-low of $39.06. Moreover, at the end of the last trading period, the closing price was at $68.79.
Keybanc downgraded the previous rating for NextEra Energy Partners LP (NYSE:NEP) from Overweight to Sector Weight. For the first quarter, NextEra Energy Partners had an EPS of $0.17, compared to year-ago quarter EPS of $1.72. The current stock performance of NextEra Energy Partners shows a 52-week-high of $85.98 and a 52-week-low of $57.50. Moreover, at the end of the last trading period, the closing price was at $59.72.
See all analyst ratings downgrades.
Initiations
With a Hold rating, Lake Street initiated coverage on Kura Sushi USA Inc (NASDAQ:KRUS). The price target seems to have been set at $65.00 for Kura Sushi USA. Kura Sushi USA earned $0.10 in the second quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Kura Sushi USA shows a 52-week-high of $96.06 and a 52-week-low of $30.95. Moreover, at the end of the last trading period, the closing price was at $66.89.
Craig-Hallum initiated coverage on Xtant Medical Holdings Inc (AMEX:XTNT) with a Buy rating. The price target for Xtant Medical Hldgs is set to $1.00. In the fourth quarter, Xtant Medical Hldgs showed an EPS of $0.02, compared to $0.03 from the year-ago quarter.
For Nayax Ltd (NASDAQ:NYAX), William Blair initiated coverage, by setting the current rating at Market Perform.
With a Buy rating, EF Hutton initiated coverage on Mayville Engineering Co Inc (NYSE:MEC). The price target seems to have been set at $22.00 for Mayville Engineering. Mayville Engineering earned $0.12 in the fourth quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.66 and a 52-week-low of $6.01. Mayville Engineering closed at $11.15 at the end of the last trading period.
With a Equal-Weight rating, Morgan Stanley initiated coverage on IonQ Inc (NYSE:IONQ). The price target seems to have been set at $7.00 for IonQ. IonQ earned $0.09 in the fourth quarter, compared to $0.39 in the year-ago quarter. The current stock performance of IonQ shows a 52-week-high of $9.35 and a 52-week-low of $3.04. Moreover, at the end of the last trading period, the closing price was at $5.51.
UBS initiated coverage on GE HealthCare Technologies Inc (NASDAQ:GEHC) with a Neutral rating. The price target for GE HealthCare Techs is set to $86.00. GE HealthCare Techs earned $0.85 in the first quarter, compared to $0.96 in the year-ago quarter. The stock has a 52-week-high of $87.83 and a 52-week-low of $53.00. At the end of the last trading period, GE HealthCare Techs closed at $80.39.
William Blair initiated coverage on BellRing Brands Inc (NYSE:BRBR) with an Outperform rating. BellRing Brands earned $0.33 in the first quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.17 and a 52-week-low of $20.20. BellRing Brands closed at $35.28 at the end of the last trading period.
Needham initiated coverage on International Money Express Inc (NASDAQ:IMXI) with a Buy rating. The price target for IntL Money Express is set to $35.00. IntL Money Express earned $0.46 in the fourth quarter, compared to $0.40 in the year-ago quarter. The stock has a 52-week-high of $28.24 and a 52-week-low of $18.21. At the end of the last trading period, IntL Money Express closed at $24.77.
With an Overweight rating, Cantor Fitzgerald initiated coverage on Ultragenyx Pharmaceutical Inc (NASDAQ:RARE). The price target seems to have been set at $114.00 for Ultragenyx Pharmaceutical. Ultragenyx Pharmaceutical earned $2.16 in the fourth quarter, compared to $1.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $76.31 and a 52-week-low of $33.36. Ultragenyx Pharmaceutical closed at $41.85 at the end of the last trading period.
Mizuho initiated coverage on Suburban Propane Partners LP (NYSE:SPH) with a Neutral rating. The price target for Suburban Propane Partners is set to $17.00. For the first quarter, Suburban Propane Partners had an EPS of $0.71, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $17.62 and a 52-week-low of $14.40. At the end of the last trading period, Suburban Propane Partners closed at $15.54.
HC Wainwright & Co. initiated coverage on Coinbase Global Inc (NASDAQ:COIN) with a Buy rating. The price target for Coinbase Glb is set to $75.00. In the fourth quarter, Coinbase Glb showed an EPS of $2.46, compared to $3.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $137.35 and a 52-week-low of $31.55. Coinbase Glb closed at $55.55 at the end of the last trading period.
With a Buy rating, HC Wainwright & Co. initiated coverage on Panbela Therapeutics Inc (NASDAQ:PBLA). The price target seems to have been set at $7.00 for Panbela Therapeutics. Panbela Therapeutics earned $5.68 in the fourth quarter, compared to $10.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.60 and a 52-week-low of $0.32. Panbela Therapeutics closed at $0.42 at the end of the last trading period.
With a Buy rating, Benchmark initiated coverage on Pagaya Technologies Ltd (NASDAQ:PGY). The price target seems to have been set at $2.00 for Pagaya Techs. The current stock performance of Pagaya Techs shows a 52-week-high of $34.44 and a 52-week-low of $0.57. Moreover, at the end of the last trading period, the closing price was at $0.83.
Cantor Fitzgerald initiated coverage on ZeroFox Holdings Inc (NASDAQ:ZFOX) with an Overweight rating. The price target for ZeroFox Holdings is set to $3.00. The stock has a 52-week-high of $15.71 and a 52-week-low of $0.96. At the end of the last trading period, ZeroFox Holdings closed at $1.20.
For Moderna Inc (NASDAQ:MRNA), Guggenheim initiated coverage, by setting the current rating at Neutral. Moderna earned $3.61 in the fourth quarter, compared to $11.29 in the year-ago quarter. The current stock performance of Moderna shows a 52-week-high of $217.20 and a 52-week-low of $115.06. Moreover, at the end of the last trading period, the closing price was at $134.90.
Piper Sandler initiated coverage on Celsius Holdings Inc (NASDAQ:CELH) with an Overweight rating. The price target for Celsius Holdings is set to $110.00. For the fourth quarter, Celsius Holdings had an EPS of $0.37, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $122.24 and a 52-week-low of $38.38. At the end of the last trading period, Celsius Holdings closed at $89.98.