Benzinga's Top Ratings Upgrades, Downgrades For December 21, 2022
Upgrades
For PagSeguro Digital Ltd (NYSE:PAGS), New Street Research upgraded the previous rating of Neutral to Buy. In the third quarter, PagSeguro Digital showed an EPS of $0.24, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $28.68 and a 52-week-low of $7.51. At the end of the last trading period, PagSeguro Digital closed at $7.89.
For The Chefs' Warehouse Inc (NASDAQ:CHEF), Jefferies upgraded the previous rating of Hold to Buy. The Chefs' Warehouse earned $0.41 in the third quarter, compared to $0.12 in the year-ago quarter. The current stock performance of The Chefs' Warehouse shows a 52-week-high of $42.16 and a 52-week-low of $26.27. Moreover, at the end of the last trading period, the closing price was at $33.47.
According to Piper Sandler, the prior rating for Adaptive Biotechnologies Corp (NASDAQ:ADPT) was changed from Neutral to Overweight. In the third quarter, Adaptive Biotechnologies showed an EPS of $0.32, compared to $0.40 from the year-ago quarter. The current stock performance of Adaptive Biotechnologies shows a 52-week-high of $30.51 and a 52-week-low of $5.96. Moreover, at the end of the last trading period, the closing price was at $7.09.
According to DA Davidson, the prior rating for Zions Bancorp NA (NASDAQ:ZION) was changed from Neutral to Buy. In the third quarter, Zions Bancorp showed an EPS of $1.40, compared to $1.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $75.44 and a 52-week-low of $45.21. Zions Bancorp closed at $46.13 at the end of the last trading period.
For Comerica Inc (NYSE:CMA), DA Davidson upgraded the previous rating of Neutral to Buy. For the third quarter, Comerica had an EPS of $2.60, compared to year-ago quarter EPS of $1.90. The current stock performance of Comerica shows a 52-week-high of $102.09 and a 52-week-low of $62.83. Moreover, at the end of the last trading period, the closing price was at $63.59.
See all analyst ratings upgrades.
Downgrades
Wedbush downgraded the previous rating for Shake Shack Inc (NYSE:SHAK) from Outperform to Neutral. In the third quarter, Shake Shack showed an EPS of $0.06, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $79.62 and a 52-week-low of $37.72. At the end of the last trading period, Shake Shack closed at $46.80.
Wedbush downgraded the previous rating for Denny's Corp (NASDAQ:DENN) from Outperform to Neutral. In the third quarter, Denny's showed an EPS of $0.12, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.97 and a 52-week-low of $8.46. Denny's closed at $9.40 at the end of the last trading period.
Wedbush downgraded the previous rating for The One Group Hospitality Inc (NASDAQ:STKS) from Outperform to Neutral. In the third quarter, The One Group Hospitality showed an EPS of $0.07, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $13.85 and a 52-week-low of $4.91. At the end of the last trading period, The One Group Hospitality closed at $6.25.
According to Wedbush, the prior rating for Papa John's International Inc (NASDAQ:PZZA) was changed from Outperform to Neutral. In the third quarter, Papa John's International showed an EPS of $0.54, compared to $0.83 from the year-ago quarter. The current stock performance of Papa John's International shows a 52-week-high of $138.53 and a 52-week-low of $66.74. Moreover, at the end of the last trading period, the closing price was at $84.80.
For Jack In The Box Inc (NASDAQ:JACK), Wedbush downgraded the previous rating of Outperform to Neutral. In the fourth quarter, Jack In The Box showed an EPS of $1.33, compared to $1.80 from the year-ago quarter. The current stock performance of Jack In The Box shows a 52-week-high of $96.87 and a 52-week-low of $54.80. Moreover, at the end of the last trading period, the closing price was at $67.46.
According to Gordon Haskett, the prior rating for Target Corp (NYSE:TGT) was changed from Buy to Hold. In the third quarter, Target showed an EPS of $1.54, compared to $3.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $254.87 and a 52-week-low of $137.16. Target closed at $143.25 at the end of the last trading period.
According to Truist Securities, the prior rating for Opendoor Technologies Inc (NASDAQ:OPEN) was changed from Buy to Hold. In the third quarter, Opendoor Technologies showed an EPS of $0.52, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $15.24 and a 52-week-low of $1.19. At the end of the last trading period, Opendoor Technologies closed at $1.26.
For Carvana Co (NYSE:CVNA), Truist Securities downgraded the previous rating of Buy to Hold. For the third quarter, Carvana had an EPS of $2.67, compared to year-ago quarter EPS of $0.38. The current stock performance of Carvana shows a 52-week-high of $245.83 and a 52-week-low of $3.55. Moreover, at the end of the last trading period, the closing price was at $4.16.
According to Truist Securities, the prior rating for Redfin Corp (NASDAQ:RDFN) was changed from Buy to Hold. Redfin earned $0.83 in the third quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Redfin shows a 52-week-high of $41.07 and a 52-week-low of $3.08. Moreover, at the end of the last trading period, the closing price was at $4.79.
New Street Research downgraded the previous rating for DLocal Ltd (NASDAQ:DLO) from Buy to Neutral. DLocal earned $0.10 in the third quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $37.30 and a 52-week-low of $9.03. At the end of the last trading period, DLocal closed at $14.60.
According to Wolfe Research, the prior rating for Roblox Corp (NYSE:RBLX) was changed from Peer Perform to Underperform. Roblox earned $0.50 in the third quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $108.78 and a 52-week-low of $21.65. At the end of the last trading period, Roblox closed at $27.58.
Wolfe Research downgraded the previous rating for RingCentral Inc (NYSE:RNG) from Outperform to Peer Perform. For the third quarter, RingCentral had an EPS of $0.55, compared to year-ago quarter EPS of $0.36. The current stock performance of RingCentral shows a 52-week-high of $198.79 and a 52-week-low of $28.00. Moreover, at the end of the last trading period, the closing price was at $35.70.
Wolfe Research downgraded the previous rating for Palantir Technologies Inc (NYSE:PLTR) from Peer Perform to Underperform. For the third quarter, Palantir Technologies had an EPS of $0.01, compared to year-ago quarter EPS of $0.04. The current stock performance of Palantir Technologies shows a 52-week-high of $19.45 and a 52-week-low of $6.20. Moreover, at the end of the last trading period, the closing price was at $6.31.
According to Wolfe Research, the prior rating for Freshworks Inc (NASDAQ:FRSH) was changed from Outperform to Peer Perform. Freshworks earned $0.01 in the third quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Freshworks shows a 52-week-high of $29.66 and a 52-week-low of $10.51. Moreover, at the end of the last trading period, the closing price was at $14.50.
According to Jefferies, the prior rating for Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) was changed from Buy to Hold. In the third quarter, Red Robin Gourmet Burgers showed an EPS of $1.03, compared to $0.88 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.64 and a 52-week-low of $5.95. Red Robin Gourmet Burgers closed at $6.63 at the end of the last trading period.
According to Jefferies, the prior rating for Starbucks Corp (NASDAQ:SBUX) was changed from Buy to Hold. For the fourth quarter, Starbucks had an EPS of $0.81, compared to year-ago quarter EPS of $1.00. The current stock performance of Starbucks shows a 52-week-high of $117.80 and a 52-week-low of $68.39. Moreover, at the end of the last trading period, the closing price was at $98.00.
For Brinker International Inc (NYSE:EAT), Jefferies downgraded the previous rating of Buy to Hold. For the first quarter, Brinker International had an EPS of $0.57, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $44.03 and a 52-week-low of $21.47. At the end of the last trading period, Brinker International closed at $32.62.
Morgan Stanley downgraded the previous rating for Ionis Pharmaceuticals Inc (NASDAQ:IONS) from Overweight to Equal-Weight. In the third quarter, Ionis Pharmaceuticals showed an EPS of $0.16, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $48.82 and a 52-week-low of $28.25. At the end of the last trading period, Ionis Pharmaceuticals closed at $38.92.
According to BMO Capital, the prior rating for Trane Technologies PLC (NYSE:TT) was changed from Outperform to Market Perform. Trane Technologies earned $2.27 in the third quarter, compared to $1.80 in the year-ago quarter. The current stock performance of Trane Technologies shows a 52-week-high of $203.34 and a 52-week-low of $120.64. Moreover, at the end of the last trading period, the closing price was at $168.75.
BMO Capital downgraded the previous rating for Altra Industrial Motion Corp (NASDAQ:AIMC) from Outperform to Market Perform. For the third quarter, Altra Industrial Motion had an EPS of $0.80, compared to year-ago quarter EPS of $0.80. The stock has a 52-week-high of $60.44 and a 52-week-low of $32.18. At the end of the last trading period, Altra Industrial Motion closed at $59.22.
According to Piper Sandler, the prior rating for Inspirato Incorporated (NASDAQ:ISPO) was changed from Overweight to Neutral. In the third quarter, Inspirato showed an EPS of $0.20, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $108.00 and a 52-week-low of $1.14. Inspirato closed at $1.16 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
Maxim Group initiated coverage on Mobile Global Esports Inc (NASDAQ:MGAM) with a Buy rating. The price target for Mobile Global Esports is set to $1.50. In the third quarter, Mobile Global Esports showed an EPS of $0.02, compared to $0.00 from the year-ago quarter. The current stock performance of Mobile Global Esports shows a 52-week-high of $20.74 and a 52-week-low of $0.61. Moreover, at the end of the last trading period, the closing price was at $0.64.
With a Buy rating, DA Davidson initiated coverage on Citizens Financial Group Inc (NYSE:CFG). The price target seems to have been set at $47.00 for Citizens Financial Group. In the third quarter, Citizens Financial Group showed an EPS of $1.30, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $57.00 and a 52-week-low of $32.66. At the end of the last trading period, Citizens Financial Group closed at $38.05.
DA Davidson initiated coverage on Fifth Third Bancorp (NASDAQ:FITB) with a Neutral rating. The price target for Fifth Third Bancorp is set to $36.00. For the third quarter, Fifth Third Bancorp had an EPS of $0.91, compared to year-ago quarter EPS of $0.97. The current stock performance of Fifth Third Bancorp shows a 52-week-high of $50.64 and a 52-week-low of $30.92. Moreover, at the end of the last trading period, the closing price was at $31.69.
DA Davidson initiated coverage on M&T Bank Corp (NYSE:MTB) with a Neutral rating. The price target for M&T Bank is set to $160.00. In the third quarter, M&T Bank showed an EPS of $3.83, compared to $3.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $193.42 and a 52-week-low of $138.43. M&T Bank closed at $140.31 at the end of the last trading period.
With a Neutral rating, DA Davidson initiated coverage on U.S. Bancorp (NYSE:USB). The price target seems to have been set at $47.00 for U.S. Bancorp. For the third quarter, U.S. Bancorp had an EPS of $1.18, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $63.57 and a 52-week-low of $38.39. At the end of the last trading period, U.S. Bancorp closed at $41.93.
With a Buy rating, Maxim Group initiated coverage on Atlis Motor Vehicles Inc (NASDAQ:AMV). The price target seems to have been set at $15.00 for Atlis Motor Vehicles. At the moment, the stock has a 52-week-high of $243.99 and a 52-week-low of $4.28. Atlis Motor Vehicles closed at $4.39 at the end of the last trading period.
Janney Montgomery Scott initiated coverage on Middlefield Banc Corp (NASDAQ:MBCN) with a Neutral rating. The price target for Middlefield Banc is set to $30.00. For the third quarter, Middlefield Banc had an EPS of $0.73, compared to year-ago quarter EPS of $0.85. The current stock performance of Middlefield Banc shows a 52-week-high of $30.62 and a 52-week-low of $23.65. Moreover, at the end of the last trading period, the closing price was at $28.02.
With a Buy rating, EF Hutton initiated coverage on Alpine Income Property Trust Inc (NYSE:PINE). The price target seems to have been set at $22.00 for Alpine Income Prop Trust. Alpine Income Prop Trust earned $0.40 in the third quarter, compared to $0.37 in the year-ago quarter. The stock has a 52-week-high of $21.07 and a 52-week-low of $15.41. At the end of the last trading period, Alpine Income Prop Trust closed at $18.49.
Barclays initiated coverage on ZimVie Inc (NASDAQ:ZIMV) with an Underweight rating. The price target for ZimVie is set to $9.00. The stock has a 52-week-high of $33.44 and a 52-week-low of $6.67. At the end of the last trading period, ZimVie closed at $9.28.
Barclays initiated coverage on LivaNova PLC (NASDAQ:LIVN) with a Equal-Weight rating. The price target for LivaNova is set to $62.00. In the third quarter, LivaNova showed an EPS of $0.58, compared to $0.68 from the year-ago quarter. The current stock performance of LivaNova shows a 52-week-high of $89.69 and a 52-week-low of $41.82. Moreover, at the end of the last trading period, the closing price was at $55.18.
With a Equal-Weight rating, Barclays initiated coverage on Cardiovascular Systems Inc (NASDAQ:CSII). The price target seems to have been set at $15.00 for Cardiovascular Systems. Cardiovascular Systems earned $0.27 in the first quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $23.47 and a 52-week-low of $12.26. At the end of the last trading period, Cardiovascular Systems closed at $14.73.
With a Equal-Weight rating, Barclays initiated coverage on Bausch & Lomb Corp (NYSE:BLCO). The price target seems to have been set at $17.00 for Bausch & Lomb. In the third quarter, Bausch & Lomb showed an EPS of $0.31, compared to $0.35 from the year-ago quarter. The current stock performance of Bausch & Lomb shows a 52-week-high of $20.20 and a 52-week-low of $12.20. Moreover, at the end of the last trading period, the closing price was at $14.54.
With an Overweight rating, Barclays initiated coverage on InMode Ltd (NASDAQ:INMD). The price target seems to have been set at $44.00 for InMode. For the third quarter, InMode had an EPS of $0.66, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $73.75 and a 52-week-low of $20.60. InMode closed at $35.22 at the end of the last trading period.
Janney Montgomery Scott initiated coverage on Farmers & Merchants Bancorp Inc (NASDAQ:FMAO) with a Neutral rating. The price target for Farmers & Merchants is set to $30.00. For the third quarter, Farmers & Merchants had an EPS of $0.68, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $42.13 and a 52-week-low of $25.17. Farmers & Merchants closed at $27.54 at the end of the last trading period.
Evercore ISI Group initiated coverage on BJ's Wholesale Club Holdings Inc (NYSE:BJ) with an In-Line rating. The price target for BJ's Wholesale Club is set to $70.00. 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 $66.47.
With a Strong Buy rating, Raymond James initiated coverage on NBT Bancorp Inc (NASDAQ:NBTB). The price target seems to have been set at $49.00 for NBT Bancorp. In the third quarter, NBT Bancorp showed an EPS of $0.90, compared to $0.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $48.68 and a 52-week-low of $34.58. NBT Bancorp closed at $41.97 at the end of the last trading period.
HC Wainwright & Co. initiated coverage on PepGen Inc (NASDAQ:PEPG) with a Buy rating. The price target for PepGen is set to $26.00. For the third quarter, PepGen had an EPS of $0.79, compared to year-ago quarter EPS of $9.07. The stock has a 52-week-high of $17.81 and a 52-week-low of $4.32. At the end of the last trading period, PepGen closed at $14.51.
With a Buy rating, HC Wainwright & Co. initiated coverage on Surgalign Holdings Inc (NASDAQ:SRGA). The price target seems to have been set at $3.50 for Surgalign Holdings. Surgalign Holdings earned $1.78 in the third quarter, compared to $3.60 in the year-ago quarter. The current stock performance of Surgalign Holdings shows a 52-week-high of $25.50 and a 52-week-low of $0.14. Moreover, at the end of the last trading period, the closing price was at $1.36.
Roth Capital initiated coverage on Phibro Animal Health Corp (NASDAQ:PAHC) with a Buy rating. The price target for Phibro Animal Health is set to $18.00. Phibro Animal Health earned $0.21 in the first quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $22.16 and a 52-week-low of $11.75. At the end of the last trading period, Phibro Animal Health closed at $12.75.
Chardan Capital initiated coverage on Xilio Therapeutics Inc (NASDAQ:XLO) with a Buy rating. The price target for Xilio Therapeutics is set to $7.00. In the third quarter, Xilio Therapeutics showed an EPS of $0.72, compared to $21.27 from the year-ago quarter. The stock has a 52-week-high of $16.93 and a 52-week-low of $1.97. At the end of the last trading period, Xilio Therapeutics closed at $1.97.
Jefferies initiated coverage on ProKidney Corp (NASDAQ:PROK) with a Buy rating. The price target for ProKidney is set to $15.00. At the moment, the stock has a 52-week-high of $14.00 and a 52-week-low of $6.19. ProKidney closed at $7.30 at the end of the last trading period.
Raymond James initiated coverage on Brookline Bancorp Inc (NASDAQ:BRKL) with a Market Perform rating. In the third quarter, Brookline Bancorp showed an EPS of $0.39, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.74 and a 52-week-low of $11.59. Brookline Bancorp closed at $13.66 at the end of the last trading period.
For Independent Bank Corp (NASDAQ:INDB), Raymond James initiated coverage, by setting the current rating at Market Perform. In the third quarter, Independent Bank showed an EPS of $1.57, compared to $1.25 from the year-ago quarter. The current stock performance of Independent Bank shows a 52-week-high of $91.65 and a 52-week-low of $74.28. Moreover, at the end of the last trading period, the closing price was at $83.59.
For Camden National Corp (NASDAQ:CAC), Raymond James initiated coverage, by setting the current rating at Market Perform. In the third quarter, Camden National showed an EPS of $0.97, compared to $0.97 from the year-ago quarter. The stock has a 52-week-high of $52.16 and a 52-week-low of $40.35. At the end of the last trading period, Camden National closed at $40.38.
Raymond James initiated coverage on Community Bank System Inc (NYSE:CBU) with a Market Perform rating. In the third quarter, Community Bank System showed an EPS of $0.94, compared to $0.83 from the year-ago quarter. At the moment, the stock has a 52-week-high of $78.00 and a 52-week-low of $58.28. Community Bank System closed at $61.03 at the end of the last trading period.
With a Strong Buy rating, Raymond James initiated coverage on Valley National Bancorp (NASDAQ:VLY). The price target seems to have been set at $14.00 for Valley National. Valley National earned $0.35 in the third quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.10 and a 52-week-low of $10.01. Valley National closed at $11.22 at the end of the last trading period.
With a Buy rating, DA Davidson initiated coverage on KeyCorp (NYSE:KEY). The price target seems to have been set at $20.00 for KeyCorp. For the third quarter, KeyCorp had an EPS of $0.55, compared to year-ago quarter EPS of $0.65. The stock has a 52-week-high of $27.17 and a 52-week-low of $15.26. At the end of the last trading period, KeyCorp closed at $16.63.
DA Davidson initiated coverage on Regions Financial Corp (NYSE:RF) with a Buy rating. The price target for Regions Financial is set to $25.00. Regions Financial earned $0.56 in the third quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $25.57 and a 52-week-low of $18.01. Regions Financial closed at $20.71 at the end of the last trading period.
With a Buy rating, DA Davidson initiated coverage on Cullen/Frost Bankers Inc (NYSE:CFR). The price target seems to have been set at $147.00 for Cullen/Frost Bankers. For the third quarter, Cullen/Frost Bankers had an EPS of $2.59, compared to year-ago quarter EPS of $1.65. The stock has a 52-week-high of $160.60 and a 52-week-low of $112.67. At the end of the last trading period, Cullen/Frost Bankers closed at $127.94.
For The Bank of Princeton (NASDAQ:BPRN), Raymond James initiated coverage, by setting the current rating at Market Perform. In the third quarter, Bank of Princeton showed an EPS of $1.09, compared to $0.88 from the year-ago quarter. The current stock performance of Bank of Princeton shows a 52-week-high of $33.00 and a 52-week-low of $26.57. Moreover, at the end of the last trading period, the closing price was at $31.99.
For Cambridge Bancorp (NASDAQ:CATC), Raymond James initiated coverage, by setting the current rating at Market Perform. Cambridge earned $2.09 in the third quarter, compared to $1.97 in the year-ago quarter. The current stock performance of Cambridge shows a 52-week-high of $94.64 and a 52-week-low of $77.62. Moreover, at the end of the last trading period, the closing price was at $83.50.
With a Buy rating, Benchmark initiated coverage on Schneider National Inc (NYSE:SNDR). The price target seems to have been set at $31.00 for Schneider National. Schneider National earned $0.70 in the third quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $27.50 and a 52-week-low of $20.26. At the end of the last trading period, Schneider National closed at $23.35.
SMBC Nikko initiated coverage on Appian Corp (NASDAQ:APPN) with a Neutral rating. The price target for Appian is set to $37.00. For the third quarter, Appian had an EPS of $0.43, compared to year-ago quarter EPS of $0.22. The current stock performance of Appian shows a 52-week-high of $73.63 and a 52-week-low of $33.02. Moreover, at the end of the last trading period, the closing price was at $34.01.