Benzinga's Top Ratings Upgrades, Downgrades For April 5, 2023
Upgrades
Morgan Stanley upgraded the previous rating for SLM Corp (NASDAQ:SLM) from Underweight to Overweight. For the fourth quarter, SLM had an EPS of $0.33, compared to year-ago quarter EPS of $1.05. The stock has a 52-week-high of $20.16 and a 52-week-low of $10.81. At the end of the last trading period, SLM closed at $12.40.
UBS upgraded the previous rating for Sealed Air Corp (NYSE:SEE) from Neutral to Buy. In the fourth quarter, Sealed Air showed an EPS of $0.99, compared to $1.12 from the year-ago quarter. The current stock performance of Sealed Air shows a 52-week-high of $69.95 and a 52-week-low of $41.31. Moreover, at the end of the last trading period, the closing price was at $45.78.
According to LifeSci Capital, the prior rating for InflaRx NV (NASDAQ:IFRX) was changed from Market Perform to Outperform. For the fourth quarter, InflaRx had an EPS of $0.18, compared to year-ago quarter EPS of $0.33. The stock has a 52-week-high of $3.93 and a 52-week-low of $0.78. At the end of the last trading period, InflaRx closed at $3.77.
Guggenheim upgraded the previous rating for Fluence Energy Inc (NASDAQ:FLNC) from to Buy. For the first quarter, Fluence Energy had an EPS of $0.11, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $26.78 and a 52-week-low of $4.96. At the end of the last trading period, Fluence Energy closed at $19.87.
B of A Securities upgraded the previous rating for Livent Corp (NYSE:LTHM) from Neutral to Buy. In the fourth quarter, Livent showed an EPS of $0.40, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.37 and a 52-week-low of $18.26. Livent closed at $20.61 at the end of the last trading period.
According to B of A Securities, the prior rating for Commercial Metals Co (NYSE:CMC) was changed from Neutral to Buy. In the second quarter, Commercial Metals showed an EPS of $1.44, compared to $1.53 from the year-ago quarter. The stock has a 52-week-high of $58.09 and a 52-week-low of $31.48. At the end of the last trading period, Commercial Metals closed at $46.11.
According to UBS, the prior rating for First Citizens BancShares Inc (NASDAQ:FCNCA) was changed from Sell to Buy. In the fourth quarter, First Citizens BancShares showed an EPS of $20.94, compared to $12.09 from the year-ago quarter. The current stock performance of First Citizens BancShares shows a 52-week-high of $988.00 and a 52-week-low of $505.84. Moreover, at the end of the last trading period, the closing price was at $956.40.
For The Cigna Group (NYSE:CI), Raymond James upgraded the previous rating of Outperform to Strong Buy. In the fourth quarter, Cigna Group showed an EPS of $4.96, compared to $4.77 from the year-ago quarter. The stock has a 52-week-high of $339.99 and a 52-week-low of $240.26. At the end of the last trading period, Cigna Group closed at $256.54.
For Dutch Bros Inc (NYSE:BROS), Wedbush upgraded the previous rating of Neutral to Outperform. Dutch Bros earned $0.03 in the fourth quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.59 and a 52-week-low of $20.07. Dutch Bros closed at $32.20 at the end of the last trading period.
According to Baird, the prior rating for Zions Bancorp NA (NASDAQ:ZION) was changed from Neutral to Outperform. For the fourth quarter, Zions Bancorp had an EPS of $1.84, compared to year-ago quarter EPS of $1.34. The stock has a 52-week-high of $66.89 and a 52-week-low of $22.55. At the end of the last trading period, Zions Bancorp closed at $27.71.
Societe Generale upgraded the previous rating for ConocoPhillips (NYSE:COP) from Sell to Hold. ConocoPhillips earned $2.71 in the fourth quarter, compared to $2.27 in the year-ago quarter. The current stock performance of ConocoPhillips shows a 52-week-high of $138.46 and a 52-week-low of $78.30. Moreover, at the end of the last trading period, the closing price was at $106.30.
For Accenture PLC (NYSE:ACN), Edward Jones upgraded the previous rating of Hold to Buy. For the second quarter, Accenture had an EPS of $2.69, compared to year-ago quarter EPS of $2.54. The current stock performance of Accenture shows a 52-week-high of $345.24 and a 52-week-low of $242.80. Moreover, at the end of the last trading period, the closing price was at $285.84.
For Trimble Inc (NASDAQ:TRMB), Edward Jones upgraded the previous rating of Hold to Buy. In the fourth quarter, Trimble showed an EPS of $0.60, compared to $0.62 from the year-ago quarter. The current stock performance of Trimble shows a 52-week-high of $74.70 and a 52-week-low of $47.09. Moreover, at the end of the last trading period, the closing price was at $50.34.
For UnitedHealth Group Inc (NYSE:UNH), Raymond James upgraded the previous rating of Outperform to Strong Buy. For the fourth quarter, UnitedHealth Group had an EPS of $5.34, compared to year-ago quarter EPS of $4.48. The current stock performance of UnitedHealth Group shows a 52-week-high of $557.99 and a 52-week-low of $449.95. Moreover, at the end of the last trading period, the closing price was at $493.25.
For Clean Energy Fuels Corp (NASDAQ:CLNE), Raymond James upgraded the previous rating of Market Perform to Outperform. Clean Energy Fuels earned $0.01 in the fourth quarter, compared to $0.03 in the year-ago quarter. The current stock performance of Clean Energy Fuels shows a 52-week-high of $8.65 and a 52-week-low of $3.83. Moreover, at the end of the last trading period, the closing price was at $4.20.
According to Piper Sandler, the prior rating for Douglas Emmett Inc (NYSE:DEI) was changed from Neutral to Overweight. In the fourth quarter, Douglas Emmett showed an EPS of $0.51, compared to $0.48 from the year-ago quarter. The stock has a 52-week-high of $33.88 and a 52-week-low of $10.62. At the end of the last trading period, Douglas Emmett closed at $12.26.
See all analyst ratings upgrades.
Downgrades
For Diversey Holdings Ltd (NASDAQ:DSEY), UBS downgraded the previous rating of Buy to Neutral. In the fourth quarter, Diversey Hldgs showed an EPS of $0.09, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.64 and a 52-week-low of $3.95. Diversey Hldgs closed at $8.13 at the end of the last trading period.
According to B of A Securities, the prior rating for Kinross Gold Corp (NYSE:KGC) was changed from Buy to Underperform. Kinross Gold earned $0.09 in the fourth quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Kinross Gold shows a 52-week-high of $6.34 and a 52-week-low of $3.00. Moreover, at the end of the last trading period, the closing price was at $5.07.
According to Argus Research, the prior rating for AbbVie Inc (NYSE:ABBV) was changed from Buy to Hold. In the fourth quarter, AbbVie showed an EPS of $3.60, compared to $3.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $175.90 and a 52-week-low of $134.10. AbbVie closed at $159.78 at the end of the last trading period.
For Albemarle Corp (NYSE:ALB), B of A Securities downgraded the previous rating of Neutral to Underperform. For the fourth quarter, Albemarle had an EPS of $8.62, compared to year-ago quarter EPS of $1.01. The current stock performance of Albemarle shows a 52-week-high of $334.20 and a 52-week-low of $185.35. Moreover, at the end of the last trading period, the closing price was at $209.57.
According to B of A Securities, the prior rating for Steel Dynamics Inc (NASDAQ:STLD) was changed from Buy to Neutral. In the fourth quarter, Steel Dynamics showed an EPS of $4.37, compared to $5.78 from the year-ago quarter. The stock has a 52-week-high of $136.46 and a 52-week-low of $62.44. At the end of the last trading period, Steel Dynamics closed at $103.29.
According to Baird, the prior rating for Xponential Fitness Inc (NYSE:XPOF) was changed from Outperform to Hold Neutral. For the fourth quarter, Xponential Fitness had an EPS of $0.11, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $31.85 and a 52-week-low of $11.21. At the end of the last trading period, Xponential Fitness closed at $31.13.
According to Baird, the prior rating for On Holding AG (NYSE:ONON) was changed from Outperform to Neutral. On Holding earned $0.02 in the fourth quarter, compared to $0.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.20 and a 52-week-low of $15.44. On Holding closed at $32.51 at the end of the last trading period.
According to Baird, the prior rating for European Wax Center Inc (NASDAQ:EWCZ) was changed from Outperform to Neutral. For the fourth quarter, European Wax Center had an EPS of $1.08, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $32.18 and a 52-week-low of $12.02. European Wax Center closed at $19.24 at the end of the last trading period.
For Ascendis Pharma A/S (NASDAQ:ASND), Oppenheimer downgraded the previous rating of Outperform to Perform. Ascendis Pharma earned $3.78 in the fourth quarter, compared to $2.14 in the year-ago quarter. The current stock performance of Ascendis Pharma shows a 52-week-high of $134.48 and a 52-week-low of $61.95. Moreover, at the end of the last trading period, the closing price was at $71.43.
For Bloom Energy Corp (NYSE:BE), Raymond James downgraded the previous rating of Strong Buy to Outperform. Bloom Energy earned $0.27 in the fourth quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Bloom Energy shows a 52-week-high of $31.47 and a 52-week-low of $11.48. Moreover, at the end of the last trading period, the closing price was at $19.05.
According to Stifel, the prior rating for Freeline Therapeutics Holdings PLC (NASDAQ:FRLN) was changed from Buy to Hold. For the fourth quarter, Freeline Therapeutics had an EPS of $0.35, compared to year-ago quarter EPS of $0.97. The current stock performance of Freeline Therapeutics shows a 52-week-high of $1.18 and a 52-week-low of $0.39. Moreover, at the end of the last trading period, the closing price was at $0.44.
See all analyst ratings downgrades.
Initiations
With a Neutral rating, UBS initiated coverage on Edgewell Personal Care Co (NYSE:EPC). The price target seems to have been set at $47.00 for Edgewell Personal Care. For the first quarter, Edgewell Personal Care had an EPS of $0.31, compared to year-ago quarter EPS of $0.42. The stock has a 52-week-high of $45.31 and a 52-week-low of $32.00. At the end of the last trading period, Edgewell Personal Care closed at $42.40.
With an Overweight rating, Stephens & Co. initiated coverage on Old Second Bancorp Inc (NASDAQ:OSBC). The price target seems to have been set at $18.00 for Old Second Bancorp. In the fourth quarter, Old Second Bancorp showed an EPS of $0.53, compared to $0.37 from the year-ago quarter. The stock has a 52-week-high of $17.75 and a 52-week-low of $13.01. At the end of the last trading period, Old Second Bancorp closed at $13.59.
With a Buy rating, Craig-Hallum initiated coverage on The Vita Coco Co Inc (NASDAQ:COCO). The price target seems to have been set at $25.00 for Vita Coco. In the fourth quarter, Vita Coco showed an EPS of $0.07, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $20.52 and a 52-week-low of $7.43. At the end of the last trading period, Vita Coco closed at $19.60.
With a Buy rating, Deutsche Bank initiated coverage on Wyndham Hotels & Resorts Inc (NYSE:WH). The price target seems to have been set at $79.00 for Wyndham Hotels & Resorts. In the fourth quarter, Wyndham Hotels & Resorts showed an EPS of $0.72, compared to $0.69 from the year-ago quarter. At the moment, the stock has a 52-week-high of $93.08 and a 52-week-low of $58.87. Wyndham Hotels & Resorts closed at $66.96 at the end of the last trading period.
Janney Montgomery Scott initiated coverage on SolarEdge Technologies Inc (NASDAQ:SEDG) with a Buy rating. The price target for SolarEdge Technologies is set to $351.00. SolarEdge Technologies earned $2.86 in the fourth quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $375.14 and a 52-week-low of $190.15. SolarEdge Technologies closed at $292.77 at the end of the last trading period.
Mizuho initiated coverage on VICI Properties Inc (NYSE:VICI) with a Buy rating. The price target for VICI Props is set to $35.00. VICI Props earned $0.51 in the fourth quarter, compared to $0.44 in the year-ago quarter. The current stock performance of VICI Props shows a 52-week-high of $35.69 and a 52-week-low of $26.42. Moreover, at the end of the last trading period, the closing price was at $32.35.
William Blair initiated coverage on CymaBay Therapeutics Inc (NASDAQ:CBAY) with an Outperform rating. For the fourth quarter, CymaBay Therapeutics had an EPS of $0.30, compared to year-ago quarter EPS of $0.34. At the moment, the stock has a 52-week-high of $10.05 and a 52-week-low of $1.68. CymaBay Therapeutics closed at $8.61 at the end of the last trading period.
EF Hutton initiated coverage on Innovative Solutions and Support Inc (NASDAQ:ISSC) with a Buy rating. The price target for Innovative Solns is set to $11.00. In the first quarter, Innovative Solns showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.88 and a 52-week-low of $5.77. Innovative Solns closed at $7.33 at the end of the last trading period.
With an Overweight rating, Piper Sandler initiated coverage on GCM Grosvenor Inc (NASDAQ:GCMG). The price target seems to have been set at $10.00 for GCM Grosvenor. GCM Grosvenor earned $0.12 in the fourth quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $9.80 and a 52-week-low of $6.27. At the end of the last trading period, GCM Grosvenor closed at $7.52.
Roth MKM initiated coverage on Fox Factory Holding Corp (NASDAQ:FOXF) with a Neutral rating. The price target for Fox Factory Hldg is set to $126.00. In the fourth quarter, Fox Factory Hldg showed an EPS of $1.43, compared to $1.06 from the year-ago quarter. The stock has a 52-week-high of $127.54 and a 52-week-low of $69.36. At the end of the last trading period, Fox Factory Hldg closed at $122.69.