Benzinga's Top Ratings Upgrades, Downgrades For February 23, 2023
Upgrades
According to B of A Securities, the prior rating for TPI Composites Inc (NASDAQ:TPIC) was changed from Underperform to Buy. For the fourth quarter, TPI Composites had an EPS of $1.38, compared to year-ago quarter EPS of $2.39. The current stock performance of TPI Composites shows a 52-week-high of $25.05 and a 52-week-low of $8.46. Moreover, at the end of the last trading period, the closing price was at $11.93.
According to Goldman Sachs, the prior rating for NVIDIA Corp (NASDAQ:NVDA) was changed from Neutral to Buy. For the fourth quarter, NVIDIA had an EPS of $0.88, compared to year-ago quarter EPS of $1.32. At the moment, the stock has a 52-week-high of $289.46 and a 52-week-low of $108.13. NVIDIA closed at $207.54 at the end of the last trading period.
For Stantec Inc (NYSE:STN), RBC Capital upgraded the previous rating of Sector Perform to Outperform. For the fourth quarter, Stantec had an EPS of $0.61, compared to year-ago quarter EPS of $0.45. The current stock performance of Stantec shows a 52-week-high of $53.80 and a 52-week-low of $40.92. Moreover, at the end of the last trading period, the closing price was at $52.38.
According to Guggenheim, the prior rating for Charles River Laboratories International Inc (NYSE:CRL) was changed from Neutral to Buy. For the fourth quarter, Charles River had an EPS of $2.98, compared to year-ago quarter EPS of $2.49. The current stock performance of Charles River shows a 52-week-high of $308.15 and a 52-week-low of $181.36. Moreover, at the end of the last trading period, the closing price was at $219.09.
According to Credit Suisse, the prior rating for Cognex Corp (NASDAQ:CGNX) was changed from Underperform to Neutral. Cognex earned $0.27 in the fourth quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $80.30 and a 52-week-low of $40.20. At the end of the last trading period, Cognex closed at $46.82.
According to SVB Leerink, the prior rating for Teladoc Health Inc (NYSE:TDOC) was changed from Market Perform to Outperform. In the fourth quarter, Teladoc Health showed an EPS of $0.23, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $79.90 and a 52-week-low of $21.60. At the end of the last trading period, Teladoc Health closed at $29.43.
For Dun & Bradstreet Holdings Inc (NYSE:DNB), Deutsche Bank upgraded the previous rating of Hold to Buy. For the fourth quarter, Dun & Bradstreet Hldgs had an EPS of $0.32, compared to year-ago quarter EPS of $0.33. The stock has a 52-week-high of $18.57 and a 52-week-low of $11.23. At the end of the last trading period, Dun & Bradstreet Hldgs closed at $12.20.
According to Citigroup, the prior rating for DT Midstream Inc (NYSE:DTM) was changed from Sell to Neutral. DT Midstream earned $0.93 in the fourth quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $61.12 and a 52-week-low of $45.58. At the end of the last trading period, DT Midstream closed at $50.36.
For Roper Technologies Inc (NYSE:ROP), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the fourth quarter, Roper Technologies had an EPS of $3.92, compared to year-ago quarter EPS of $3.73. At the moment, the stock has a 52-week-high of $488.23 and a 52-week-low of $356.21. Roper Technologies closed at $421.60 at the end of the last trading period.
Wolfe Research upgraded the previous rating for DocuSign Inc (NASDAQ:DOCU) from Underperform to Peer Perform. In the third quarter, DocuSign showed an EPS of $0.57, compared to $0.58 from the year-ago quarter. At the moment, the stock has a 52-week-high of $123.50 and a 52-week-low of $39.57. DocuSign closed at $60.46 at the end of the last trading period.
According to Morgan Stanley, the prior rating for Intel Corp (NASDAQ:INTC) was changed from Underweight to Equal-Weight. In the fourth quarter, Intel showed an EPS of $0.10, compared to $1.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.51 and a 52-week-low of $24.59. Intel closed at $25.47 at the end of the last trading period.
According to Credit Suisse, the prior rating for Cinemark Holdings Inc (NYSE:CNK) was changed from Underperform to Neutral. In the third quarter, Cinemark Hldgs showed an EPS of $0.20, compared to $0.65 from the year-ago quarter. The current stock performance of Cinemark Hldgs shows a 52-week-high of $19.76 and a 52-week-low of $8.28. Moreover, at the end of the last trading period, the closing price was at $12.77.
Piper Sandler upgraded the previous rating for Wix.com Ltd (NASDAQ:WIX) from Underweight to Neutral. For the fourth quarter, Wix.com had an EPS of $0.61, compared to year-ago quarter EPS of $0.37. The current stock performance of Wix.com shows a 52-week-high of $111.35 and a 52-week-low of $53.12. Moreover, at the end of the last trading period, the closing price was at $90.90.
See all analyst ratings upgrades.
Downgrades
For Graphite Bio Inc (NASDAQ:GRPH), B of A Securities downgraded the previous rating of Neutral to Underperform. In the third quarter, Graphite Bio showed an EPS of $0.45, compared to $0.28 from the year-ago quarter. The current stock performance of Graphite Bio shows a 52-week-high of $9.74 and a 52-week-low of $1.59. Moreover, at the end of the last trading period, the closing price was at $2.20.
For Graphite Bio Inc (NASDAQ:GRPH), Cantor Fitzgerald downgraded the previous rating of Overweight to Neutral. For the third quarter, Graphite Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.28. The current stock performance of Graphite Bio shows a 52-week-high of $9.74 and a 52-week-low of $1.59. Moreover, at the end of the last trading period, the closing price was at $2.20.
According to Exane BNP Paribas, the prior rating for Lucid Group Inc (NASDAQ:LCID) was changed from Outperform to Neutral. For the fourth quarter, Lucid Gr had an EPS of $0.28, compared to year-ago quarter EPS of $0.64. The current stock performance of Lucid Gr shows a 52-week-high of $29.05 and a 52-week-low of $6.09. Moreover, at the end of the last trading period, the closing price was at $9.98.
UBS downgraded the previous rating for AppLovin Corp (NASDAQ:APP) from Buy to Neutral. For the fourth quarter, AppLovin had an EPS of $0.21, compared to year-ago quarter EPS of $0.08. The current stock performance of AppLovin shows a 52-week-high of $62.26 and a 52-week-low of $9.14. Moreover, at the end of the last trading period, the closing price was at $15.17.
According to BTIG, the prior rating for Wingstop Inc (NASDAQ:WING) was changed from Buy to Neutral. For the fourth quarter, Wingstop had an EPS of $0.60, compared to year-ago quarter EPS of $0.24. The current stock performance of Wingstop shows a 52-week-high of $193.74 and a 52-week-low of $67.67. Moreover, at the end of the last trading period, the closing price was at $179.00.
For Unity Software Inc (NYSE:U), Oppenheimer downgraded the previous rating of Outperform to Perform. Unity Software earned $0.04 in the fourth quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $109.99 and a 52-week-low of $21.22. Unity Software closed at $37.85 at the end of the last trading period.
For Veeva Systems Inc (NYSE:VEEV), Guggenheim downgraded the previous rating of Buy to Neutral. Veeva Sys earned $1.13 in the third quarter, compared to $0.97 in the year-ago quarter. The stock has a 52-week-high of $234.89 and a 52-week-low of $151.02. At the end of the last trading period, Veeva Sys closed at $171.03.
For Lucid Group Inc (NASDAQ:LCID), B of A Securities downgraded the previous rating of Buy to Neutral. Lucid Gr earned $0.28 in the fourth quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Lucid Gr shows a 52-week-high of $29.05 and a 52-week-low of $6.09. Moreover, at the end of the last trading period, the closing price was at $9.98.
According to Cowen & Co., the prior rating for Graphite Bio Inc (NASDAQ:GRPH) was changed from Outperform to Market Perform. For the third quarter, Graphite Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $9.74 and a 52-week-low of $1.59. Graphite Bio closed at $2.20 at the end of the last trading period.
According to Raymond James, the prior rating for Jounce Therapeutics Inc (NASDAQ:JNCE) was changed from Outperform to Market Perform. Jounce Therapeutics earned $0.60 in the third quarter, compared to $0.59 in the year-ago quarter. The stock has a 52-week-high of $7.94 and a 52-week-low of $0.58. At the end of the last trading period, Jounce Therapeutics closed at $0.99.
For AMETEK Inc (NYSE:AME), Wolfe Research downgraded the previous rating of Outperform to Peer Perform. AMETEK earned $1.52 in the fourth quarter, compared to $1.37 in the year-ago quarter. The current stock performance of AMETEK shows a 52-week-high of $148.06 and a 52-week-low of $106.17. Moreover, at the end of the last trading period, the closing price was at $142.34.
According to JP Morgan, the prior rating for Oak Street Health Inc (NYSE:OSH) was changed from Overweight to Neutral. In the third quarter, Oak Street Health showed an EPS of $0.56, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of $35.65 and a 52-week-low of $13.29. At the end of the last trading period, Oak Street Health closed at $35.59.
For Alignment Healthcare Inc (NASDAQ:ALHC), JP Morgan downgraded the previous rating of Overweight to Neutral. In the third quarter, Alignment Healthcare showed an EPS of $0.21, compared to $0.26 from the year-ago quarter. The current stock performance of Alignment Healthcare shows a 52-week-high of $19.17 and a 52-week-low of $7.29. Moreover, at the end of the last trading period, the closing price was at $10.16.
JP Morgan downgraded the previous rating for Centene Corp (NYSE:CNC) from Overweight to Neutral. Centene earned $0.86 in the fourth quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $98.53 and a 52-week-low of $68.73. At the end of the last trading period, Centene closed at $72.28.
JMP Securities downgraded the previous rating for INDUS Realty Trust Inc (NASDAQ:INDT) from Market Outperform to Market Perform. For the third quarter, INDUS Realty Trust had an EPS of $0.55, compared to year-ago quarter EPS of $0.49. At the moment, the stock has a 52-week-high of $78.91 and a 52-week-low of $48.33. INDUS Realty Trust closed at $66.17 at the end of the last trading period.
Wells Fargo downgraded the previous rating for Cerevel Therapeutics Holdings Inc (NASDAQ:CERE) from Overweight to Equal-Weight. Cerevel Therapeutics Hldg earned $0.59 in the fourth quarter, compared to $0.40 in the year-ago quarter. The current stock performance of Cerevel Therapeutics Hldg shows a 52-week-high of $41.46 and a 52-week-low of $19.86. Moreover, at the end of the last trading period, the closing price was at $26.73.
Keybanc downgraded the previous rating for Commercial Metals Co (NYSE:CMC) from Overweight to Sector Weight. Commercial Metals earned $2.24 in the first quarter, compared to $1.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.09 and a 52-week-low of $31.47. Commercial Metals closed at $55.59 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
Truist Securities initiated coverage on CarMax Inc (NYSE:KMX) with a Hold rating. The price target for CarMax is set to $66.00. For the third quarter, CarMax had an EPS of $0.24, compared to year-ago quarter EPS of $1.53. At the moment, the stock has a 52-week-high of $109.54 and a 52-week-low of $52.10. CarMax closed at $69.49 at the end of the last trading period.
With an Outperform rating, BMO Capital initiated coverage on Aris Water Solutions Inc (NYSE:ARIS). The price target seems to have been set at $6.50 for Aris Water Solutions. The current stock performance of Aris Water Solutions shows a 52-week-high of $23.58 and a 52-week-low of $11.75. Moreover, at the end of the last trading period, the closing price was at $13.69.
With a Buy rating, Needham initiated coverage on Clear Secure Inc (NYSE:YOU). The price target seems to have been set at $40.00 for Clear Secure. Clear Secure earned $0.05 in the third quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $35.00 and a 52-week-low of $18.79. Clear Secure closed at $28.17 at the end of the last trading period.
With a Buy rating, Loop Capital initiated coverage on Walgreens Boots Alliance Inc (NASDAQ:WBA). The price target seems to have been set at $45.00 for Walgreens Boots Alliance. Walgreens Boots Alliance earned $1.16 in the first quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Walgreens Boots Alliance shows a 52-week-high of $48.97 and a 52-week-low of $30.39. Moreover, at the end of the last trading period, the closing price was at $36.08.
