Benzinga's Top Ratings Upgrades, Downgrades For February 24, 2023
Upgrades
According to UBS, the prior rating for Vipshop Holdings Ltd (NYSE:VIPS) was changed from Neutral to Buy. For the fourth quarter, Vipshop Holdings had an EPS of $0.53, compared to year-ago quarter EPS of $0.41. At the moment, the stock has a 52-week-high of $16.18 and a 52-week-low of $5.75. Vipshop Holdings closed at $13.62 at the end of the last trading period.
Canaccord Genuity upgraded the previous rating for Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) from Hold to Buy. For the fourth quarter, Kratos Defense & Security had an EPS of $0.08, compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $22.26 and a 52-week-low of $8.90. At the end of the last trading period, Kratos Defense & Security closed at $11.47.
According to TD Securities, the prior rating for Newmont Corp (NYSE:NEM) was changed from Hold to Buy. In the fourth quarter, Newmont showed an EPS of $0.44, compared to $0.78 from the year-ago quarter. The current stock performance of Newmont shows a 52-week-high of $86.37 and a 52-week-low of $37.45. Moreover, at the end of the last trading period, the closing price was at $44.26.
For Block Inc (NYSE:SQ), Evercore ISI Group upgraded the previous rating of Underperform to In-Line. Block earned $0.22 in the fourth quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $149.00 and a 52-week-low of $51.34. Block closed at $74.15 at the end of the last trading period.
According to Benchmark, the prior rating for NeoGenomics Inc (NASDAQ:NEO) was changed from Hold to Buy. In the fourth quarter, NeoGenomics showed an EPS of $0.06, compared to $0.14 from the year-ago quarter. The current stock performance of NeoGenomics shows a 52-week-high of $21.94 and a 52-week-low of $6.00. Moreover, at the end of the last trading period, the closing price was at $16.63.
CLSA upgraded the previous rating for Vipshop Holdings Ltd (NYSE:VIPS) from Outperform to Buy. Vipshop Holdings earned $0.53 in the fourth quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $16.18 and a 52-week-low of $5.75. At the end of the last trading period, Vipshop Holdings closed at $13.62.
Jefferies upgraded the previous rating for Youdao Inc (NYSE:DAO) from Hold to Buy. Youdao earned $0.04 in the fourth quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $12.55 and a 52-week-low of $3.03. At the end of the last trading period, Youdao closed at $8.00.
For W.W. Grainger Inc (NYSE:GWW), RBC Capital upgraded the previous rating of Underperform to Sector Perform. For the fourth quarter, W.W. Grainger had an EPS of $7.14, compared to year-ago quarter EPS of $5.44. The current stock performance of W.W. Grainger shows a 52-week-high of $685.23 and a 52-week-low of $440.48. Moreover, at the end of the last trading period, the closing price was at $657.94.
RBC Capital upgraded the previous rating for LyondellBasell Industries NV (NYSE:LYB) from Sector Perform to Outperform. In the fourth quarter, LyondellBasell Industries showed an EPS of $1.29, compared to $3.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $117.22 and a 52-week-low of $71.46. LyondellBasell Industries closed at $94.65 at the end of the last trading period.
For Century Aluminum Co (NASDAQ:CENX), Wolfe Research upgraded the previous rating of Underperform to Peer Perform. In the fourth quarter, Century Aluminum showed an EPS of $0.31, compared to $0.17 from the year-ago quarter. The stock has a 52-week-high of $30.36 and a 52-week-low of $5.27. At the end of the last trading period, Century Aluminum closed at $10.36.
See all analyst ratings upgrades.
Downgrades
BMO Capital downgraded the previous rating for Wingstop Inc (NASDAQ:WING) from Outperform to Market Perform. Wingstop earned $0.60 in the fourth quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $193.74 and a 52-week-low of $67.67. At the end of the last trading period, Wingstop closed at $174.23.
SMBC Nikko downgraded the previous rating for Jounce Therapeutics Inc (NASDAQ:JNCE) from Outperform to Neutral. In the third quarter, Jounce Therapeutics showed an EPS of $0.60, compared to $0.59 from the year-ago quarter. The current stock performance of Jounce Therapeutics shows a 52-week-high of $7.94 and a 52-week-low of $0.58. Moreover, at the end of the last trading period, the closing price was at $1.10.
SVB Leerink downgraded the previous rating for Moderna Inc (NASDAQ:MRNA) from Market Perform to Underperform. In the fourth quarter, Moderna showed an EPS of $3.61, compared to $11.29 from the year-ago quarter. The stock has a 52-week-high of $217.25 and a 52-week-low of $115.03. At the end of the last trading period, Moderna closed at $147.57.
According to B of A Securities, the prior rating for OGE Energy Corp (NYSE:OGE) was changed from Buy to Neutral. For the fourth quarter, OGE Energy had an EPS of $0.25, compared to year-ago quarter EPS of $0.27. The current stock performance of OGE Energy shows a 52-week-high of $42.91 and a 52-week-low of $33.28. Moreover, at the end of the last trading period, the closing price was at $37.27.
According to Goldman Sachs, the prior rating for YETI Holdings Inc (NYSE:YETI) was changed from Buy to Neutral. In the fourth quarter, YETI Holdings showed an EPS of $0.78, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $65.46 and a 52-week-low of $27.86. At the end of the last trading period, YETI Holdings closed at $39.31.
Ladenburg Thalmann downgraded the previous rating for New York Mortgage Trust Inc (NASDAQ:NYMT) from Buy to Neutral. For the fourth quarter, New York Mortgage Trust had an EPS of $0.13, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $3.75 and a 52-week-low of $2.07. At the end of the last trading period, New York Mortgage Trust closed at $2.73.
According to Maxim Group, the prior rating for Unisys Corp (NYSE:UIS) was changed from Buy to Hold. Unisys earned $1.22 in the fourth quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $23.10 and a 52-week-low of $3.93. At the end of the last trading period, Unisys closed at $5.70.
Needham downgraded the previous rating for Upland Software Inc (NASDAQ:UPLD) from Buy to Hold. Upland Software earned $0.37 in the fourth quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Upland Software shows a 52-week-high of $20.23 and a 52-week-low of $6.26. Moreover, at the end of the last trading period, the closing price was at $8.73.
According to Craig-Hallum, the prior rating for Vicor Corp (NASDAQ:VICR) was changed from Buy to Hold. In the fourth quarter, Vicor showed an EPS of $0.18, compared to $0.20 from the year-ago quarter. The current stock performance of Vicor shows a 52-week-high of $100.40 and a 52-week-low of $42.90. Moreover, at the end of the last trading period, the closing price was at $56.32.
According to Raymond James, the prior rating for WideOpenWest Inc (NYSE:WOW) was changed from Strong Buy to Outperform. For the fourth quarter, WideOpenWest had an EPS of $0.15, compared to year-ago quarter EPS of $0.01. The current stock performance of WideOpenWest shows a 52-week-high of $22.94 and a 52-week-low of $8.57. Moreover, at the end of the last trading period, the closing price was at $12.40.
According to Baird, the prior rating for Domino's Pizza Inc (NYSE:DPZ) was changed from Outperform to Neutral. In the fourth quarter, Domino's Pizza showed an EPS of $4.43, compared to $4.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $448.99 and a 52-week-low of $299.41. Domino's Pizza closed at $307.86 at the end of the last trading period.
Baird downgraded the previous rating for Stericycle Inc (NASDAQ:SRCL) from Outperform to Neutral. In the fourth quarter, Stericycle showed an EPS of $0.60, compared to $0.38 from the year-ago quarter. The stock has a 52-week-high of $59.89 and a 52-week-low of $39.63. At the end of the last trading period, Stericycle closed at $48.86.
Cantor Fitzgerald downgraded the previous rating for Root Inc (NASDAQ:ROOT) from Overweight to Neutral. In the fourth quarter, Root showed an EPS of $4.13, compared to $7.92 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.38 and a 52-week-low of $0.94. Root closed at $5.77 at the end of the last trading period.
For Venator Materials PLC (NYSE:VNTR), Deutsche Bank downgraded the previous rating of Buy to Hold. Venator Materials earned $0.20 in the fourth quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $2.78 and a 52-week-low of $0.41. At the end of the last trading period, Venator Materials closed at $0.49.
For Nektar Therapeutics (NASDAQ:NKTR), Jefferies downgraded the previous rating of Hold to Underperform. Nektar Therapeutics earned $0.31 in the third quarter, compared to $0.70 in the year-ago quarter. The current stock performance of Nektar Therapeutics shows a 52-week-high of $11.39 and a 52-week-low of $1.99. Moreover, at the end of the last trading period, the closing price was at $2.96.
According to JP Morgan, the prior rating for C4 Therapeutics Inc (NASDAQ:CCCC) was changed from Neutral to Underweight. For the fourth quarter, C4 Therapeutics had an EPS of $0.76, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $26.80 and a 52-week-low of $4.84. C4 Therapeutics closed at $6.02 at the end of the last trading period.
For Infinity Pharmaceuticals Inc (NASDAQ:INFI), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, Infinity Pharmaceuticals showed an EPS of $0.12, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $1.76 and a 52-week-low of $0.28. At the end of the last trading period, Infinity Pharmaceuticals closed at $0.28.
For Domino's Pizza Inc (NYSE:DPZ), Citigroup downgraded the previous rating of Buy to Neutral. For the fourth quarter, Domino's Pizza had an EPS of $4.43, compared to year-ago quarter EPS of $4.25. The current stock performance of Domino's Pizza shows a 52-week-high of $448.99 and a 52-week-low of $299.41. Moreover, at the end of the last trading period, the closing price was at $307.86.
For CURO Group Holdings Corp (NYSE:CURO), Credit Suisse downgraded the previous rating of Outperform to Neutral. In the fourth quarter, CURO Group Holdings showed an EPS of $0.80, compared to $0.29 from the year-ago quarter. The current stock performance of CURO Group Holdings shows a 52-week-high of $13.70 and a 52-week-low of $2.96. Moreover, at the end of the last trading period, the closing price was at $3.70.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Citigroup initiated coverage on Biomea Fusion Inc (NASDAQ:BMEA). The price target seems to have been set at $20.00 for Biomea Fusion. In the third quarter, Biomea Fusion showed an EPS of $0.78, compared to $0.43 from the year-ago quarter. The current stock performance of Biomea Fusion shows a 52-week-high of $14.20 and a 52-week-low of $2.84. Moreover, at the end of the last trading period, the closing price was at $11.00.
With a Buy rating, Janney Montgomery Scott initiated coverage on Employers Holdings Inc (NYSE:EIG). The price target seems to have been set at $50.00 for Employers Holdings. In the fourth quarter, Employers Holdings showed an EPS of $1.25, compared to $1.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $46.73 and a 52-week-low of $32.58. Employers Holdings closed at $43.31 at the end of the last trading period.
Janney Montgomery Scott initiated coverage on ProAssurance Corp (NYSE:PRA) with a Neutral rating. The price target for ProAssurance is set to $21.00. For the third quarter, ProAssurance had an EPS of $0.06, compared to year-ago quarter EPS of $0.25. The current stock performance of ProAssurance shows a 52-week-high of $27.55 and a 52-week-low of $16.90. Moreover, at the end of the last trading period, the closing price was at $19.65.
With a Neutral rating, Janney Montgomery Scott initiated coverage on AMERISAFE Inc (NASDAQ:AMSF). The price target seems to have been set at $58.00 for AMERISAFE. For the fourth quarter, AMERISAFE had an EPS of $0.84, compared to year-ago quarter EPS of $0.00. At the moment, the stock has a 52-week-high of $60.49 and a 52-week-low of $44.06. AMERISAFE closed at $54.34 at the end of the last trading period.
Piper Sandler initiated coverage on Orchestra BioMed Holdings Inc (NASDAQ:OBIO) with an Overweight rating. The price target for Orchestra BioMed Hldgs is set to $15.00. The stock has a 52-week-high of $12.43 and a 52-week-low of $7.49. At the end of the last trading period, Orchestra BioMed Hldgs closed at $10.30.
With a Buy rating, Craig-Hallum initiated coverage on Bowlero Corp (NYSE:BOWL). The price target seems to have been set at $24.00 for Bowlero. In the second quarter, Bowlero showed an EPS of $0.20, compared to $0.25 from the year-ago quarter. The current stock performance of Bowlero shows a 52-week-high of $15.71 and a 52-week-low of $8.19. Moreover, at the end of the last trading period, the closing price was at $15.00.
Goldman Sachs initiated coverage on Erasca Inc (NASDAQ:ERAS) with a Buy rating. The price target for Erasca is set to $10.00. In the third quarter, Erasca showed an EPS of $0.29, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $12.80 and a 52-week-low of $3.51. At the end of the last trading period, Erasca closed at $3.57.
With an Overweight rating, Barclays initiated coverage on MGM Resorts International (NYSE:MGM). The price target seems to have been set at $59.00 for MGM Resorts Intl. MGM Resorts Intl earned $1.53 in the fourth quarter, compared to $0.12 in the year-ago quarter. The current stock performance of MGM Resorts Intl shows a 52-week-high of $45.64 and a 52-week-low of $26.41. Moreover, at the end of the last trading period, the closing price was at $43.15.
Scotiabank initiated coverage on HashiCorp Inc (NASDAQ:HCP) with a Sector Perform rating. The price target for HashiCorp is set to $34.00. The stock has a 52-week-high of $60.03 and a 52-week-low of $21.50. At the end of the last trading period, HashiCorp closed at $30.01.
Piper Sandler initiated coverage on Integer Holdings Corp (NYSE:ITGR) with an Overweight rating. The price target for Integer Holdings is set to $85.00. Integer Holdings earned $1.11 in the fourth quarter, compared to $0.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $88.58 and a 52-week-low of $50.05. Integer Holdings closed at $73.80 at the end of the last trading period.
