Benzinga's Top Ratings Upgrades, Downgrades For February 8, 2023
Upgrades
According to Morgan Stanley, the prior rating for Omnicom Group Inc (NYSE:OMC) was changed from Underweight to Equal-Weight. For the fourth quarter, Omnicom Group had an EPS of $2.09, compared to year-ago quarter EPS of $1.95. The stock has a 52-week-high of $92.72 and a 52-week-low of $61.31. At the end of the last trading period, Omnicom Group closed at $90.92.
According to B of A Securities, the prior rating for TripAdvisor Inc (NASDAQ:TRIP) was changed from Underperform to Buy. In the third quarter, TripAdvisor showed an EPS of $0.28, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.48 and a 52-week-low of $16.87. TripAdvisor closed at $24.17 at the end of the last trading period.
According to B of A Securities, the prior rating for Royal Caribbean Group (NYSE:RCL) was changed from Underperform to Neutral. For the fourth quarter, Royal Caribbean Gr had an EPS of $1.12, compared to year-ago quarter EPS of $4.78. The stock has a 52-week-high of $90.55 and a 52-week-low of $31.09. At the end of the last trading period, Royal Caribbean Gr closed at $74.01.
Compass Point upgraded the previous rating for Stronghold Digital Mining Inc (NASDAQ:SDIG) from Neutral to Buy. In the third quarter, Stronghold Digital Mining showed an EPS of $0.07, compared to $0.72 from the year-ago quarter. The current stock performance of Stronghold Digital Mining shows a 52-week-high of $14.43 and a 52-week-low of $0.40. Moreover, at the end of the last trading period, the closing price was at $0.62.
According to Redburn Partners, the prior rating for United Airlines Holdings Inc (NASDAQ:UAL) was changed from Sell to Neutral. United Airlines Holdings earned $2.46 in the fourth quarter, compared to $1.60 in the year-ago quarter. The stock has a 52-week-high of $53.26 and a 52-week-low of $30.54. At the end of the last trading period, United Airlines Holdings closed at $50.75.
According to Redburn Partners, the prior rating for American Airlines Group Inc (NASDAQ:AAL) was changed from Neutral to Buy. For the fourth quarter, American Airlines Group had an EPS of $1.17, compared to year-ago quarter EPS of $1.42. The current stock performance of American Airlines Group shows a 52-week-high of $21.42 and a 52-week-low of $11.65. Moreover, at the end of the last trading period, the closing price was at $16.96.
For Delta Air Lines Inc (NYSE:DAL), Redburn Partners upgraded the previous rating of Neutral to Buy. Delta Air Lines earned $1.48 in the fourth quarter, compared to $0.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $46.27 and a 52-week-low of $27.20. Delta Air Lines closed at $39.59 at the end of the last trading period.
According to Keefe, Bruyette & Woods, the prior rating for Enact Holdings Inc (NASDAQ:ACT) was changed from Market Perform to Outperform. For the fourth quarter, Enact Holdings had an EPS of $0.90, compared to year-ago quarter EPS of $0.94. At the moment, the stock has a 52-week-high of $28.37 and a 52-week-low of $19.21. Enact Holdings closed at $23.02 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for American Express Co (NYSE:AXP) from Equal-Weight to Overweight. For the fourth quarter, American Express had an EPS of $2.07, compared to year-ago quarter EPS of $2.18. The current stock performance of American Express shows a 52-week-high of $199.55 and a 52-week-low of $130.65. Moreover, at the end of the last trading period, the closing price was at $178.70.
See all analyst ratings upgrades.
Downgrades
For Oak Street Health Inc (NYSE:OSH), Piper Sandler downgraded the previous rating of 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. At the moment, the stock has a 52-week-high of $34.63 and a 52-week-low of $13.29. Oak Street Health closed at $33.68 at the end of the last trading period.
For Oak Street Health Inc (NYSE:OSH), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. For the third quarter, Oak Street Health had an EPS of $0.56, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $34.63 and a 52-week-low of $13.29. At the end of the last trading period, Oak Street Health closed at $33.68.
According to Jefferies, the prior rating for Applied Molecular Transport Inc (NASDAQ:AMTI) was changed from Hold to Underperform. In the third quarter, Applied Molecular showed an EPS of $0.65, compared to $0.68 from the year-ago quarter. The current stock performance of Applied Molecular shows a 52-week-high of $8.76 and a 52-week-low of $0.33. Moreover, at the end of the last trading period, the closing price was at $0.60.
Jefferies downgraded the previous rating for Avalo Therapeutics Inc (NASDAQ:AVTX) from Hold to Underperform. In the third quarter, Avalo Therapeutics showed an EPS of $0.34, compared to $2.08 from the year-ago quarter. The stock has a 52-week-high of $7.13 and a 52-week-low of $0.20. At the end of the last trading period, Avalo Therapeutics closed at $3.46.
Jefferies downgraded the previous rating for Compugen Ltd (NASDAQ:CGEN) from Hold to Underperform. Compugen earned $0.14 in the third quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Compugen shows a 52-week-high of $3.57 and a 52-week-low of $0.51. Moreover, at the end of the last trading period, the closing price was at $0.94.
For Lumen Technologies Inc (NYSE:LUMN), Citigroup downgraded the previous rating of Neutral to Sell. Lumen Technologies earned $0.43 in the fourth quarter, compared to $0.51 in the year-ago quarter. The current stock performance of Lumen Technologies shows a 52-week-high of $12.87 and a 52-week-low of $4.96. Moreover, at the end of the last trading period, the closing price was at $4.99.
For Fortinet Inc (NASDAQ:FTNT), Keybanc downgraded the previous rating of Overweight to Sector Weight. Fortinet earned $0.44 in the fourth quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Fortinet shows a 52-week-high of $357.58 and a 52-week-low of $42.61. Moreover, at the end of the last trading period, the closing price was at $53.78.
Stifel downgraded the previous rating for Oak Street Health Inc (NYSE:OSH) from Buy to Hold. Oak Street Health earned $0.56 in the third quarter, compared to $0.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of $34.63 and a 52-week-low of $13.29. Oak Street Health closed at $33.68 at the end of the last trading period.
DA Davidson downgraded the previous rating for Duck Creek Technologies Inc (NASDAQ:DCT) from Buy to Neutral. In the first quarter, Duck Creek Technologies showed an EPS of $0.02, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.28 and a 52-week-low of $10.04. Duck Creek Technologies closed at $18.89 at the end of the last trading period.
Scotiabank downgraded the previous rating for Black Hills Corp (NYSE:BKH) from Sector Outperform to Sector Perform. For the fourth quarter, Black Hills had an EPS of $1.11, compared to year-ago quarter EPS of $1.11. At the moment, the stock has a 52-week-high of $80.95 and a 52-week-low of $59.08. Black Hills closed at $71.02 at the end of the last trading period.
TD Securities downgraded the previous rating for Nutrien Ltd (NYSE:NTR) from Buy to Hold. For the third quarter, Nutrien had an EPS of $2.51, compared to year-ago quarter EPS of $1.38. The current stock performance of Nutrien shows a 52-week-high of $117.25 and a 52-week-low of $68.82. Moreover, at the end of the last trading period, the closing price was at $81.20.
For The Hain Celestial Group Inc (NASDAQ:HAIN), JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Hain Celestial Group showed an EPS of $0.20, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.55 and a 52-week-low of $15.20. Hain Celestial Group closed at $21.20 at the end of the last trading period.
According to Redburn Partners, the prior rating for Southwest Airlines Co (NYSE:LUV) was changed from Buy to Neutral. For the fourth quarter, Southwest Airlines had an EPS of $0.38, compared to year-ago quarter EPS of $0.14. The current stock performance of Southwest Airlines shows a 52-week-high of $50.10 and a 52-week-low of $30.20. Moreover, at the end of the last trading period, the closing price was at $36.19.
JP Morgan downgraded the previous rating for Adecoagro SA (NYSE:AGRO) from Overweight to Neutral. Adecoagro earned $0.43 in the third quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.55 and a 52-week-low of $6.95. Adecoagro closed at $8.07 at the end of the last trading period.
Morgan Stanley downgraded the previous rating for Discover Financial Services (NYSE:DFS) from Overweight to Equal-Weight. For the fourth quarter, Discover Financial had an EPS of $3.77, compared to year-ago quarter EPS of $3.64. The stock has a 52-week-high of $129.12 and a 52-week-low of $87.64. At the end of the last trading period, Discover Financial closed at $117.83.
According to Piper Sandler, the prior rating for The Hain Celestial Group Inc (NASDAQ:HAIN) was changed from Neutral to Underweight. In the second quarter, Hain Celestial Group showed an EPS of $0.20, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $37.55 and a 52-week-low of $15.20. At the end of the last trading period, Hain Celestial Group closed at $21.20.
For Life Storage Inc (NYSE:LSI), Citigroup downgraded the previous rating of Buy to Neutral. Life Storage earned $1.73 in the third quarter, compared to $1.37 in the year-ago quarter. The stock has a 52-week-high of $151.76 and a 52-week-low of $94.02. At the end of the last trading period, Life Storage closed at $121.80.
According to Jefferies, the prior rating for UroGen Pharma Ltd (NASDAQ:URGN) was changed from Buy to Hold. UroGen Pharma earned $1.13 in the third quarter, compared to $1.35 in the year-ago quarter. The current stock performance of UroGen Pharma shows a 52-week-high of $12.63 and a 52-week-low of $4.85. Moreover, at the end of the last trading period, the closing price was at $9.57.
According to Jefferies, the prior rating for MEI Pharma Inc (NASDAQ:MEIP) was changed from Hold to Underperform. For the first quarter, MEI Pharma had an EPS of $0.13, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $2.21 and a 52-week-low of $0.21. MEI Pharma closed at $0.35 at the end of the last trading period.
According to LightShed Partners, the prior rating for AT&T Inc (NYSE:T) was changed from Buy to Neutral. In the fourth quarter, AT&T showed an EPS of $0.61, compared to $0.78 from the year-ago quarter. The current stock performance of AT&T shows a 52-week-high of $24.65 and a 52-week-low of $14.46. Moreover, at the end of the last trading period, the closing price was at $19.25.
According to Keybanc, the prior rating for Sherwin-Williams Co (NYSE:SHW) was changed from Overweight to Sector Weight. Sherwin-Williams earned $1.89 in the fourth quarter, compared to $1.34 in the year-ago quarter. The stock has a 52-week-high of $288.50 and a 52-week-low of $195.24. At the end of the last trading period, Sherwin-Williams closed at $238.44.
See all analyst ratings downgrades.
Initiations
With an Overweight rating, Capital One initiated coverage on Day One Biopharmaceuticals Inc (NASDAQ:DAWN). The price target seems to have been set at $40.00 for Day One Biopharmaceutical. Day One Biopharmaceutical earned $0.53 in the third quarter, compared to $0.33 in the year-ago quarter. The current stock performance of Day One Biopharmaceutical shows a 52-week-high of $28.35 and a 52-week-low of $5.44. Moreover, at the end of the last trading period, the closing price was at $20.91.
With an Outperform rating, Barrington Research initiated coverage on Alithya Group Inc (NASDAQ:ALYA). The price target seems to have been set at $3.50 for Alithya Group. In the second quarter, Alithya Group showed an EPS of $0.00, compared to $0.02 from the year-ago quarter. The current stock performance of Alithya Group shows a 52-week-high of $3.09 and a 52-week-low of $1.43. Moreover, at the end of the last trading period, the closing price was at $1.75.
With an Outperform rating, Barrington Research initiated coverage on Alithya Group Inc (NASDAQ:ALYA). The price target seems to have been set at $3.50 for Alithya Group. For the second quarter, Alithya Group had an EPS of $0.00, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $3.09 and a 52-week-low of $1.43. At the end of the last trading period, Alithya Group closed at $1.75.
Northland Capital Markets initiated coverage on Vertex Energy Inc (NASDAQ:VTNR) with an Outperform rating. The price target for Vertex Energy is set to $15.00. In the third quarter, Vertex Energy showed an EPS of $0.28, compared to $0.11 from the year-ago quarter. The current stock performance of Vertex Energy shows a 52-week-high of $18.10 and a 52-week-low of $4.72. Moreover, at the end of the last trading period, the closing price was at $7.55.
Cantor Fitzgerald initiated coverage on Evolv Technologies Holdings Inc (NASDAQ:EVLV) with an Overweight rating. The price target for Evolv Technologies is set to $5.40. For the third quarter, Evolv Technologies had an EPS of $0.13, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $4.04 and a 52-week-low of $1.57. Evolv Technologies closed at $3.18 at the end of the last trading period.
For WillScot Mobile Mini Holdings Corp (NASDAQ:WSC), William Blair initiated coverage, by setting the current rating at Outperform. WillScot Mobile Mini earned $0.39 in the third quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.97 and a 52-week-low of $30.52. WillScot Mobile Mini closed at $49.92 at the end of the last trading period.
Barclays initiated coverage on Wayfair Inc (NYSE:W) with a Equal-Weight rating. The price target for Wayfair is set to $70.00. In the third quarter, Wayfair showed an EPS of $2.11, compared to $0.14 from the year-ago quarter. At the moment, the stock has a 52-week-high of $156.04 and a 52-week-low of $28.11. Wayfair closed at $63.53 at the end of the last trading period.
Raymond James initiated coverage on Equitable Holdings Inc (NYSE:EQH) with a Market Perform rating. The current stock performance of Equitable Holdings shows a 52-week-high of $37.13 and a 52-week-low of $24.61. Moreover, at the end of the last trading period, the closing price was at $32.47.
Raymond James initiated coverage on Brighthouse Financial Inc (NASDAQ:BHF) with a Market Perform rating. Brighthouse Finl earned $0.04 in the third quarter, compared to $6.17 in the year-ago quarter. The stock has a 52-week-high of $62.33 and a 52-week-low of $38.38. At the end of the last trading period, Brighthouse Finl closed at $57.67.
With a Buy rating, HC Wainwright & Co. initiated coverage on Nouveau Monde Graphite Inc (NYSE:NMG). The price target seems to have been set at $17.00 for Nouveau Monde Graphite. For the third quarter, Nouveau Monde Graphite had an EPS of $0.18, compared to year-ago quarter EPS of $0.19. The current stock performance of Nouveau Monde Graphite shows a 52-week-high of $7.76 and a 52-week-low of $3.38. Moreover, at the end of the last trading period, the closing price was at $5.46.
With a Equal-Weight rating, Barclays initiated coverage on Best Buy Co Inc (NYSE:BBY). The price target seems to have been set at $88.00 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 $87.79.
Citigroup initiated coverage on Chesapeake Energy Corp (NASDAQ:CHK) with a Neutral rating. The price target for Chesapeake Energy is set to $90.00. Chesapeake Energy earned $5.06 in the third quarter, compared to $2.38 in the year-ago quarter. The stock has a 52-week-high of $107.31 and a 52-week-low of $64.51. At the end of the last trading period, Chesapeake Energy closed at $85.09.
With an Underweight rating, Barclays initiated coverage on Advance Auto Parts Inc (NYSE:AAP). The price target seems to have been set at $145.00 for Advance Auto Parts. Advance Auto Parts earned $2.84 in the third quarter, compared to $3.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $234.23 and a 52-week-low of $138.52. Advance Auto Parts closed at $151.47 at the end of the last trading period.
Barclays initiated coverage on Walmart Inc (NYSE:WMT) with an Overweight rating. The price target for Walmart is set to $159.00. Walmart earned $1.50 in the third quarter, compared to $1.45 in the year-ago quarter. The stock has a 52-week-high of $160.77 and a 52-week-low of $117.27. At the end of the last trading period, Walmart closed at $140.98.
Barclays initiated coverage on AutoZone Inc (NYSE:AZO) with an Overweight rating. The price target for AutoZone is set to $2663.00. AutoZone earned $27.45 in the first quarter, compared to $25.69 in the year-ago quarter. The stock has a 52-week-high of $2610.05 and a 52-week-low of $1703.32. At the end of the last trading period, AutoZone closed at $2419.81.
With a Equal-Weight rating, Barclays initiated coverage on BJ's Wholesale Club Holdings Inc (NYSE:BJ). The price target seems to have been set at $72.00 for BJ's Wholesale Club. BJ's Wholesale Club earned $0.99 in the third quarter, compared to $0.91 in the year-ago quarter. The stock has a 52-week-high of $80.41 and a 52-week-low of $51.45. At the end of the last trading period, BJ's Wholesale Club closed at $73.08.
With an Overweight rating, Barclays initiated coverage on Tractor Supply Co (NASDAQ:TSCO). The price target seems to have been set at $254.00 for Tractor Supply. In the fourth quarter, Tractor Supply showed an EPS of $2.43, compared to $1.93 from 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 $232.73.
Barclays initiated coverage on Costco Wholesale Corp (NASDAQ:COST) with a Equal-Weight rating. The price target for Costco Wholesale is set to $510.00. Costco Wholesale earned $3.10 in the first quarter, compared to $2.97 in the year-ago quarter. The stock has a 52-week-high of $612.27 and a 52-week-low of $406.51. At the end of the last trading period, Costco Wholesale closed at $516.53.
With a Equal-Weight rating, Barclays initiated coverage on Target Corp (NYSE:TGT). The price target seems to have been set at $163.00 for Target. 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 $174.76.
With a Equal-Weight rating, Barclays initiated coverage on Overstock.com Inc (NASDAQ:OSTK). The price target seems to have been set at $23.00 for Overstock.com. Overstock.com earned $0.13 in the third quarter, compared to $0.54 in the year-ago quarter. At the moment, the stock has a 52-week-high of $59.46 and a 52-week-low of $17.05. Overstock.com closed at $23.14 at the end of the last trading period.
With a Equal-Weight rating, Barclays initiated coverage on Dollar General Corp (NYSE:DG). The price target seems to have been set at $237.00 for Dollar Gen. For the third quarter, Dollar Gen had an EPS of $2.33, compared to year-ago quarter EPS of $2.08. The stock has a 52-week-high of $262.20 and a 52-week-low of $183.25. At the end of the last trading period, Dollar Gen closed at $228.39.
Barclays initiated coverage on O'Reilly Automotive Inc (NASDAQ:ORLY) with a Equal-Weight rating. The price target for O'Reilly Automotive is set to $815.00. The stock has a 52-week-high of $870.92 and a 52-week-low of $562.90. At the end of the last trading period, O'Reilly Automotive closed at $801.02.
Barclays initiated coverage on Dollar Tree Inc (NASDAQ:DLTR) with a Equal-Weight rating. The price target for Dollar Tree is set to $145.00. In the third quarter, Dollar Tree showed an EPS of $1.20, compared to $0.96 from the year-ago quarter. The stock has a 52-week-high of $177.19 and a 52-week-low of $124.76. At the end of the last trading period, Dollar Tree closed at $150.37.
Barclays initiated coverage on Lowe's Companies Inc (NYSE:LOW) with a Equal-Weight rating. The price target for Lowe's Companies is set to $215.00. In the third quarter, Lowe's Companies showed an EPS of $3.27, compared to $2.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $238.37 and a 52-week-low of $170.12. Lowe's Companies closed at $214.73 at the end of the last trading period.
With an Overweight rating, Barclays initiated coverage on Driven Brands Holdings Inc (NASDAQ:DRVN). The price target seems to have been set at $35.00 for Driven Brands Hldgs. In the third quarter, Driven Brands Hldgs showed an EPS of $0.32, compared to $0.26 from the year-ago quarter. The stock has a 52-week-high of $35.45 and a 52-week-low of $24.62. At the end of the last trading period, Driven Brands Hldgs closed at $28.73.
Barclays initiated coverage on Five Below Inc (NASDAQ:FIVE) with an Overweight rating. The price target for Five Below is set to $219.00. 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 $202.94 and a 52-week-low of $109.49. Five Below closed at $198.32 at the end of the last trading period.
With an Underweight rating, Barclays initiated coverage on Floor & Decor Holdings Inc (NYSE:FND). The price target seems to have been set at $88.00 for Floor & Decor Hldgs. In the third quarter, Floor & Decor Hldgs showed an EPS of $0.70, compared to $0.60 from the year-ago quarter. The current stock performance of Floor & Decor Hldgs shows a 52-week-high of $112.79 and a 52-week-low of $59.91. Moreover, at the end of the last trading period, the closing price was at $100.85.
With an Outperform rating, Credit Suisse initiated coverage on United Rentals Inc (NYSE:URI). The price target seems to have been set at $544.00 for United Rentals. United Rentals earned $9.74 in the fourth quarter, compared to $7.39 in the year-ago quarter. The current stock performance of United Rentals shows a 52-week-high of $466.01 and a 52-week-low of $230.54. Moreover, at the end of the last trading period, the closing price was at $455.90.
