Benzinga's Top Ratings Upgrades, Downgrades For December 20, 2022

Upgrades

Canaccord Genuity upgraded the previous rating for Nevro Corp (NYSE:NVRO) from Hold to Buy. In the third quarter, Nevro showed an EPS of $0.59, compared to $0.87 from the year-ago quarter. The current stock performance of Nevro shows a 52-week-high of $93.69 and a 52-week-low of $34.70. Moreover, at the end of the last trading period, the closing price was at $38.81.

Canaccord Genuity upgraded the previous rating for Iamgold Corp (NYSE:IAG) from Sell to Hold. For the third quarter, Iamgold had an EPS of $0.03, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $3.77 and a 52-week-low of $0.92. Iamgold closed at $1.82 at the end of the last trading period.

For JELD-WEN Holding Inc (NYSE:JELD), JP Morgan upgraded the previous rating of Underweight to Neutral. JELD-WEN Holding earned $0.71 in the third quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.59 and a 52-week-low of $8.38. JELD-WEN Holding closed at $9.68 at the end of the last trading period.

JP Morgan upgraded the previous rating for Fabrinet (NYSE:FN) from Neutral to Overweight. For the first quarter, Fabrinet had an EPS of $1.97, compared to year-ago quarter EPS of $1.45. The current stock performance of Fabrinet shows a 52-week-high of $136.08 and a 52-week-low of $74.57. Moreover, at the end of the last trading period, the closing price was at $124.62.

Evercore ISI Group upgraded the previous rating for Union Pacific Corp (NYSE:UNP) from In-Line to Outperform. In the third quarter, Union Pacific showed an EPS of $3.19, compared to $2.57 from the year-ago quarter. The stock has a 52-week-high of $278.94 and a 52-week-low of $183.70. At the end of the last trading period, Union Pacific closed at $206.39.

For MediaAlpha Inc (NYSE:MAX), JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, MediaAlpha had an EPS of $0.34, compared to year-ago quarter EPS of $0.10. The current stock performance of MediaAlpha shows a 52-week-high of $17.26 and a 52-week-low of $7.59. Moreover, at the end of the last trading period, the closing price was at $9.17.

According to JP Morgan, the prior rating for EverQuote Inc (NASDAQ:EVER) was changed from Underweight to Overweight. For the third quarter, EverQuote had an EPS of $0.20, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $17.59 and a 52-week-low of $5.23. EverQuote closed at $10.61 at the end of the last trading period.

According to Morgan Stanley, the prior rating for JM Smucker Co (NYSE:SJM) was changed from Underweight to Equal-Weight. In the second quarter, JM Smucker showed an EPS of $2.40, compared to $2.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $157.24 and a 52-week-low of $119.82. JM Smucker closed at $155.82 at the end of the last trading period.

For Conagra Brands Inc (NYSE:CAG), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. Conagra Brands earned $0.57 in the first quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $38.71 and a 52-week-low of $30.06. At the end of the last trading period, Conagra Brands closed at $38.13.

For Kinsale Capital Group Inc (NYSE:KNSL), Compass Point upgraded the previous rating of Neutral to Buy. Kinsale Capital Gr earned $1.64 in the third quarter, compared to $1.59 in the year-ago quarter. At the moment, the stock has a 52-week-high of $334.99 and a 52-week-low of $180.05. Kinsale Capital Gr closed at $261.55 at the end of the last trading period.

BMO Capital upgraded the previous rating for Beam Therapeutics Inc (NASDAQ:BEAM) from Market Perform to Outperform. Beam Therapeutics earned $1.56 in the third quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $88.18 and a 52-week-low of $27.77. At the end of the last trading period, Beam Therapeutics closed at $40.10.

According to Jefferies, the prior rating for Zymeworks BC Inc (NYSE:ZYME) was changed from Hold to Buy. In the third quarter, Zymeworks BC showed an EPS of $0.66, compared to $1.25 from the year-ago quarter. The current stock performance of Zymeworks BC shows a 52-week-high of $17.27 and a 52-week-low of $4.11. Moreover, at the end of the last trading period, the closing price was at $6.79.

Keybanc upgraded the previous rating for MKS Instruments Inc (NASDAQ:MKSI) from Sector Weight to Overweight. In the third quarter, MKS Instruments showed an EPS of $2.74, compared to $2.79 from the year-ago quarter. The current stock performance of MKS Instruments shows a 52-week-high of $181.03 and a 52-week-low of $64.77. Moreover, at the end of the last trading period, the closing price was at $80.72.

See all analyst ratings upgrades.

Downgrades

Alembic Global downgraded the previous rating for RBC Bearings Inc (NYSE:RBC) from Overweight to Neutral. For the second quarter, RBC Bearings had an EPS of $1.93, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $256.29 and a 52-week-low of $188.51. RBC Bearings closed at $207.10 at the end of the last trading period.

JP Morgan downgraded the previous rating for Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) from Overweight to Neutral. Aerojet Rocketdyne Hldgs earned $0.45 in the third quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $56.00 and a 52-week-low of $35.47. At the end of the last trading period, Aerojet Rocketdyne Hldgs closed at $55.60.

According to Northland Capital Markets, the prior rating for Qumu Corp (NASDAQ:QUMU) was changed from Outperform to Market Perform. For the third quarter, Qumu had an EPS of $0.08, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $2.27 and a 52-week-low of $0.44. At the end of the last trading period, Qumu closed at $0.88.

JP Morgan downgraded the previous rating for Whirlpool Corp (NYSE:WHR) from Overweight to Neutral. In the third quarter, Whirlpool showed an EPS of $4.49, compared to $6.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $245.44 and a 52-week-low of $124.43. Whirlpool closed at $139.57 at the end of the last trading period.

For Owens-Corning Inc (NYSE:OC), JP Morgan downgraded the previous rating of Neutral to Underweight. For the third quarter, Owens-Corning had an EPS of $3.57, compared to year-ago quarter EPS of $2.52. At the moment, the stock has a 52-week-high of $101.12 and a 52-week-low of $72.97. Owens-Corning closed at $87.66 at the end of the last trading period.

Cowen & Co. downgraded the previous rating for Cresco Labs Inc (OTC:CRLBF) from Outperform to Market Perform. For the third quarter, Cresco Labs had an EPS of $0.03, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $8.18 and a 52-week-low of $2.13. Cresco Labs closed at $2.13 at the end of the last trading period.

According to Cowen & Co., the prior rating for Columbia Care Inc (OTC:CCHWF) was changed from Outperform to Market Perform. The stock has a 52-week-high of $3.39 and a 52-week-low of $0.98. At the end of the last trading period, Columbia Care closed at $1.00.

For Lumentum Holdings Inc (NASDAQ:LITE), JP Morgan downgraded the previous rating of Overweight to Neutral. In the first quarter, Lumentum Holdings showed an EPS of $1.69, compared to $1.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $108.90 and a 52-week-low of $50.57. Lumentum Holdings closed at $50.80 at the end of the last trading period.

For NetApp Inc (NASDAQ:NTAP), JP Morgan downgraded the previous rating of Overweight to Neutral. NetApp earned $1.48 in the second quarter, compared to $1.28 in the year-ago quarter. The current stock performance of NetApp shows a 52-week-high of $96.82 and a 52-week-low of $58.77. Moreover, at the end of the last trading period, the closing price was at $59.19.

According to JP Morgan, the prior rating for Stitch Fix Inc (NASDAQ:SFIX) was changed from Neutral to Underweight. Stitch Fix earned $0.50 in the first quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $20.55 and a 52-week-low of $3.02. At the end of the last trading period, Stitch Fix closed at $3.08.

JP Morgan downgraded the previous rating for Yelp Inc (NYSE:YELP) from Neutral to Underweight. In the third quarter, Yelp showed an EPS of $0.19, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.27 and a 52-week-low of $26.28. Yelp closed at $26.68 at the end of the last trading period.

For Ziff Davis Inc (NASDAQ:ZD), JP Morgan downgraded the previous rating of Overweight to Neutral. In the third quarter, Ziff Davis showed an EPS of $1.58, compared to $2.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $114.43 and a 52-week-low of $66.85. Ziff Davis closed at $78.89 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Hostess Brands Inc (NASDAQ:TWNK) from Overweight to Equal-Weight. In the third quarter, Hostess Brands showed an EPS of $0.23, compared to $0.21 from the year-ago quarter. The current stock performance of Hostess Brands shows a 52-week-high of $29.00 and a 52-week-low of $18.84. Moreover, at the end of the last trading period, the closing price was at $23.23.

For Spirit Airlines Inc (NYSE:SAVE), Deutsche Bank downgraded the previous rating of Buy to Hold. In the third quarter, Spirit Airlines showed an EPS of $0.03, compared to $0.69 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.30 and a 52-week-low of $15.92. Spirit Airlines closed at $19.26 at the end of the last trading period.

According to Baird, the prior rating for Zurn Elkay Water Solutions Corp (NYSE:ZWS) was changed from Outperform to Neutral. Zurn Elkay Water earned $0.26 in the third quarter, compared to $0.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.38 and a 52-week-low of $21.12. Zurn Elkay Water closed at $21.19 at the end of the last trading period.

For TriplePoint Venture Growth BDC Corp (NYSE:TPVG), Keefe, Bruyette & Woods downgraded the previous rating of Market Perform to Underperform. In the third quarter, TriplePoint Venture Gwth showed an EPS of $0.51, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $18.31 and a 52-week-low of $10.41. At the end of the last trading period, TriplePoint Venture Gwth closed at $10.81.

For Horizon Technology Finance Corp (NASDAQ:HRZN), Keefe, Bruyette & Woods downgraded the previous rating of Market Perform to Underperform. For the third quarter, Horizon Tech Finance had an EPS of $0.43, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $16.54 and a 52-week-low of $9.67. At the end of the last trading period, Horizon Tech Finance closed at $12.01.

For Allegiant Travel Co (NASDAQ:ALGT), Deutsche Bank downgraded the previous rating of Buy to Hold. For the third quarter, Allegiant Travel had an EPS of $0.54, compared to year-ago quarter EPS of $0.66. At the moment, the stock has a 52-week-high of $195.66 and a 52-week-low of $63.78. Allegiant Travel closed at $67.07 at the end of the last trading period.

Baird downgraded the previous rating for Generac Holdings Inc (NYSE:GNRC) from Outperform to Neutral. Generac Hldgs earned $1.75 in the third quarter, compared to $2.35 in the year-ago quarter. The current stock performance of Generac Hldgs shows a 52-week-high of $362.34 and a 52-week-low of $89.90. Moreover, at the end of the last trading period, the closing price was at $91.73.

For Merit Medical Systems Inc (NASDAQ:MMSI), Canaccord Genuity downgraded the previous rating of Buy to Hold. Merit Medical Systems earned $0.64 in the third quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Merit Medical Systems shows a 52-week-high of $76.14 and a 52-week-low of $50.46. Moreover, at the end of the last trading period, the closing price was at $70.45.

Credit Suisse downgraded the previous rating for BJ's Wholesale Club Holdings Inc (NYSE:BJ) from Outperform to Neutral. In the third quarter, BJ's Wholesale Club showed an EPS of $0.99, compared to $0.91 from the year-ago quarter. The current stock performance of BJ's Wholesale Club shows a 52-week-high of $80.41 and a 52-week-low of $51.45. Moreover, at the end of the last trading period, the closing price was at $67.96.

According to Credit Suisse, the prior rating for Target Corp (NYSE:TGT) was changed from Outperform to Neutral. Target earned $1.54 in the third quarter, compared to $3.03 in the year-ago quarter. The current stock performance of Target shows a 52-week-high of $254.87 and a 52-week-low of $137.16. Moreover, at the end of the last trading period, the closing price was at $144.65.

For Bionomics Ltd (NASDAQ:BNOX), Evercore ISI Group downgraded the previous rating of Outperform to In-Line.

See all analyst ratings downgrades.

Initiations

With an Overweight rating, JP Morgan initiated coverage on Brookfield Asset Management Ltd (NYSE:BAM). The price target seems to have been set at $35.00 for Brookfield Asset Mgmt. In the third quarter, Brookfield Asset Mgmt showed an EPS of $0.24, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $62.47 and a 52-week-low of $26.76. At the end of the last trading period, Brookfield Asset Mgmt closed at $28.01.

With a Equal-Weight rating, Stephens & Co. initiated coverage on F&G Annuities & Life Inc (NYSE:FG). The price target seems to have been set at $22.00 for F&G Annuities & Life. F&G Annuities & Life earned $0.30 in the first quarter, compared to $0.37 in the year-ago quarter. The current stock performance of F&G Annuities & Life shows a 52-week-high of $22.00 and a 52-week-low of $17.34. Moreover, at the end of the last trading period, the closing price was at $19.67.

Maxim Group initiated coverage on Helius Medical Technologies Inc (NASDAQ:HSDT) with a Buy rating. The price target for Helius Medical Tech is set to $1.00. In the third quarter, Helius Medical Tech showed an EPS of $0.12, compared to $2.01 from the year-ago quarter. The stock has a 52-week-high of $5.96 and a 52-week-low of $0.22. At the end of the last trading period, Helius Medical Tech closed at $0.24.

Truist Securities initiated coverage on OmniAb Inc (NASDAQ:OABI) with a Buy rating. The price target for OmniAb is set to $10.00.

With an Overweight rating, Piper Sandler initiated coverage on The Trade Desk Inc (NASDAQ:TTD). The price target seems to have been set at $60.00 for Trade Desk. For the third quarter, Trade Desk had an EPS of $0.26, compared to year-ago quarter EPS of $0.18. The current stock performance of Trade Desk shows a 52-week-high of $98.60 and a 52-week-low of $39.00. Moreover, at the end of the last trading period, the closing price was at $44.13.

With a Neutral rating, Goldman Sachs initiated coverage on TechTarget Inc (NASDAQ:TTGT). The price target seems to have been set at $57.00 for TechTarget. For the third quarter, TechTarget had an EPS of $0.68, compared to year-ago quarter EPS of $0.60. The stock has a 52-week-high of $100.66 and a 52-week-low of $42.00. At the end of the last trading period, TechTarget closed at $42.45.

With a Buy rating, Truist Securities initiated coverage on Cytokinetics Inc (NASDAQ:CYTK). The price target seems to have been set at $60.00 for Cytokinetics. Cytokinetics earned $1.52 in the third quarter, compared to $0.95 in the year-ago quarter. The current stock performance of Cytokinetics shows a 52-week-high of $55.80 and a 52-week-low of $29.26. Moreover, at the end of the last trading period, the closing price was at $44.02.

Credit Suisse initiated coverage on CNH Industrial NV (NYSE:CNHI) with an Outperform rating. The price target for CNH Industrial is set to $21.00. In the third quarter, CNH Industrial showed an EPS of $0.41, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.13 and a 52-week-low of $10.60. CNH Industrial closed at $15.84 at the end of the last trading period.

With a Equal-Weight rating, Wells Fargo initiated coverage on RXO Inc (NYSE:RXO). The price target seems to have been set at $18.00 for RXO. The stock has a 52-week-high of $20.86 and a 52-week-low of $15.17. At the end of the last trading period, RXO closed at $16.36.

Raymond James initiated coverage on Capri Holdings Ltd (NYSE:CPRI) with an Outperform rating. The price target for Capri Holdings is set to $65.00. For the second quarter, Capri Holdings had an EPS of $1.79, compared to year-ago quarter EPS of $1.53. The stock has a 52-week-high of $72.37 and a 52-week-low of $36.90. At the end of the last trading period, Capri Holdings closed at $55.75.

With an Outperform rating, SVB Leerink initiated coverage on NewAmsterdam Pharma Co NV (NASDAQ:NAMS). The price target seems to have been set at $19.00 for NewAmsterdam Pharma. The stock has a 52-week-high of $32.88 and a 52-week-low of $7.52. At the end of the last trading period, NewAmsterdam Pharma closed at $11.31.

With a Neutral rating, Credit Suisse initiated coverage on Best Buy Co Inc (NYSE:BBY). The price target seems to have been set at $90.00 for Best Buy Co. Best Buy Co earned $1.38 in the third quarter, compared to $2.08 in the year-ago quarter. The stock has a 52-week-high of $112.96 and a 52-week-low of $60.78. At the end of the last trading period, Best Buy Co closed at $79.80.

Credit Suisse initiated coverage on Tractor Supply Co (NASDAQ:TSCO) with an Outperform rating. The price target for Tractor Supply is set to $260.00. Tractor Supply earned $2.10 in the third quarter, compared to $1.95 in the year-ago quarter. The stock has a 52-week-high of $241.54 and a 52-week-low of $166.49. At the end of the last trading period, Tractor Supply closed at $211.46.

Raymond James initiated coverage on Tapestry Inc (NYSE:TPR) with an Outperform rating. The price target for Tapestry is set to $44.00. Tapestry earned $0.79 in the first quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.36 and a 52-week-low of $26.39. Tapestry closed at $35.94 at the end of the last trading period.

With a Hold rating, Stifel initiated coverage on The Hain Celestial Group Inc (NASDAQ:HAIN). The price target seems to have been set at $17.00 for Hain Celestial Group. For the first quarter, Hain Celestial Group had an EPS of $0.10, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $43.53 and a 52-week-low of $15.23. Hain Celestial Group closed at $15.94 at the end of the last trading period.

Credit Suisse initiated coverage on Floor & Decor Holdings Inc (NYSE:FND) with a Neutral rating. The price target for Floor & Decor Hldgs is set to $80.00. In the third quarter, Floor & Decor Hldgs showed an EPS of $0.70, compared to $0.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $132.99 and a 52-week-low of $59.91. Floor & Decor Hldgs closed at $70.91 at the end of the last trading period.

Credit Suisse initiated coverage on Five Below Inc (NASDAQ:FIVE) with a Neutral rating. The price target for Five Below is set to $185.00. For the third quarter, Five Below had an EPS of $0.29, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $214.50 and a 52-week-low of $109.49. Five Below closed at $167.84 at the end of the last trading period.

Credit Suisse initiated coverage on Lowe's Companies Inc (NYSE:LOW) with a Neutral rating. The price target for Lowe's Companies is set to $210.00. For the third quarter, Lowe's Companies had an EPS of $3.27, compared to year-ago quarter EPS of $2.73. At the moment, the stock has a 52-week-high of $260.83 and a 52-week-low of $170.12. Lowe's Companies closed at $203.17 at the end of the last trading period.

With a Neutral rating, Credit Suisse initiated coverage on Driven Brands Holdings Inc (NASDAQ:DRVN). The price target seems to have been set at $31.00 for Driven Brands Hldgs. For the third quarter, Driven Brands Hldgs had an EPS of $0.32, compared to year-ago quarter EPS of $0.26. At the moment, the stock has a 52-week-high of $35.45 and a 52-week-low of $24.62. Driven Brands Hldgs closed at $26.67 at the end of the last trading period.

Credit Suisse initiated coverage on Grocery Outlet Holding Corp (NASDAQ:GO) with a Neutral rating. The price target for Grocery Outlet Holding is set to $30.00. Grocery Outlet Holding earned $0.27 in the third quarter, compared to $0.24 in the year-ago quarter. The current stock performance of Grocery Outlet Holding shows a 52-week-high of $46.37 and a 52-week-low of $23.69. Moreover, at the end of the last trading period, the closing price was at $29.19.

With an Underperform rating, Credit Suisse initiated coverage on Big Lots Inc (NYSE:BIG). The price target seems to have been set at $15.00 for Big Lots. Big Lots earned $2.99 in the third quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $50.87 and a 52-week-low of $14.27. Big Lots closed at $14.45 at the end of the last trading period.

See all analyst ratings initiations.