Benzinga's Top Ratings Upgrades, Downgrades For January 13, 2023

Upgrades

For OrganiGram Holdings Inc (NASDAQ:OGI), Stifel upgraded the previous rating of Hold to Buy. In the first quarter, OrganiGram Holdings showed an EPS of $0.01, compared to $0.00 from the year-ago quarter. The current stock performance of OrganiGram Holdings shows a 52-week-high of $1.87 and a 52-week-low of $0.70. Moreover, at the end of the last trading period, the closing price was at $0.90.

Janney Montgomery Scott upgraded the previous rating for Farmland Partners Inc (NYSE:FPI) from Neutral to Buy. For the third quarter, Farmland Partners had an EPS of $0.05, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $16.43 and a 52-week-low of $10.62. At the end of the last trading period, Farmland Partners closed at $12.93.

For Community Healthcare Trust Inc (NYSE:CHCT), Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. For the third quarter, Community Healthcare had an EPS of $0.63, compared to year-ago quarter EPS of $0.59. The current stock performance of Community Healthcare shows a 52-week-high of $47.98 and a 52-week-low of $30.38. Moreover, at the end of the last trading period, the closing price was at $39.34.

Evercore ISI Group upgraded the previous rating for Armstrong World Industries Inc (NYSE:AWI) from Underperform to In-Line. For the third quarter, Armstrong World Indus had an EPS of $1.36, compared to year-ago quarter EPS of $1.17. At the moment, the stock has a 52-week-high of $112.71 and a 52-week-low of $66.86. Armstrong World Indus closed at $74.18 at the end of the last trading period.

For Icon PLC (NASDAQ:ICLR), Barclays upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, Icon showed an EPS of $3.00, compared to $2.55 from the year-ago quarter. The stock has a 52-week-high of $297.42 and a 52-week-low of $171.43. At the end of the last trading period, Icon closed at $222.66.

According to B of A Securities, the prior rating for The Timken Co (NYSE:TKR) was changed from Neutral to Buy. For the third quarter, Timken had an EPS of $1.52, compared to year-ago quarter EPS of $1.18. At the moment, the stock has a 52-week-high of $76.33 and a 52-week-low of $50.85. Timken closed at $75.47 at the end of the last trading period.

According to B of A Securities, the prior rating for Caterpillar Inc (NYSE:CAT) was changed from Neutral to Buy. In the third quarter, Caterpillar showed an EPS of $3.95, compared to $2.66 from the year-ago quarter. The stock has a 52-week-high of $257.38 and a 52-week-low of $160.60. At the end of the last trading period, Caterpillar closed at $255.07.

According to Mizuho, the prior rating for Pentair PLC (NYSE:PNR) was changed from Neutral to Buy. For the third quarter, Pentair had an EPS of $0.99, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $71.40 and a 52-week-low of $38.55. Pentair closed at $49.86 at the end of the last trading period.

Mizuho upgraded the previous rating for Carrier Global Corp (NYSE:CARR) from Neutral to Buy. For the third quarter, Carrier Global had an EPS of $0.70, compared to year-ago quarter EPS of $0.71. At the moment, the stock has a 52-week-high of $53.41 and a 52-week-low of $33.10. Carrier Global closed at $45.25 at the end of the last trading period.

For TransUnion (NYSE:TRU), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the third quarter, TransUnion had an EPS of $0.93, compared to year-ago quarter EPS of $1.01. The stock has a 52-week-high of $113.41 and a 52-week-low of $50.32. At the end of the last trading period, TransUnion closed at $66.91.

JP Morgan upgraded the previous rating for Copa Holdings SA (NYSE:CPA) from Neutral to Overweight. For the third quarter, Copa Holdings had an EPS of $2.91, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $97.63 and a 52-week-low of $55.25. Copa Holdings closed at $87.91 at the end of the last trading period.

For Vulcan Materials Co (NYSE:VMC), RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the third quarter, Vulcan Materials showed an EPS of $1.78, compared to $1.54 from the year-ago quarter. The stock has a 52-week-high of $204.13 and a 52-week-low of $137.54. At the end of the last trading period, Vulcan Materials closed at $180.81.

See all analyst ratings upgrades.

Downgrades

For Tesla Inc (NASDAQ:TSLA), Guggenheim downgraded the previous rating of Neutral to Sell. For the third quarter, Tesla had an EPS of $1.05, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $384.29 and a 52-week-low of $101.81. Tesla closed at $123.56 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Raytheon Technologies Corp (NYSE:RTX) was changed from Buy to Neutral. Raytheon Technologies earned $1.21 in the third quarter, compared to $1.26 in the year-ago quarter. The stock has a 52-week-high of $106.02 and a 52-week-low of $80.27. At the end of the last trading period, Raytheon Technologies closed at $100.68.

According to Atlantic Equities, the prior rating for Salesforce Inc (NYSE:CRM) was changed from Overweight to Neutral. For the third quarter, Salesforce had an EPS of $1.40, compared to year-ago quarter EPS of $1.27. The stock has a 52-week-high of $239.28 and a 52-week-low of $126.34. At the end of the last trading period, Salesforce closed at $149.60.

For Polaris Inc (NYSE:PII), Northcoast Research downgraded the previous rating of Buy to Neutral. In the third quarter, Polaris showed an EPS of $3.25, compared to $1.98 from the year-ago quarter. The stock has a 52-week-high of $127.37 and a 52-week-low of $91.86. At the end of the last trading period, Polaris closed at $107.29.

Barclays downgraded the previous rating for Syneos Health Inc (NASDAQ:SYNH) from Overweight to Underweight. In the third quarter, Syneos Health showed an EPS of $1.23, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $94.86 and a 52-week-low of $22.89. At the end of the last trading period, Syneos Health closed at $34.47.

For Gladstone Commercial Corp (NASDAQ:GOOD), Janney Montgomery Scott downgraded the previous rating of Buy to Neutral. Gladstone Commercial earned $0.44 in the third quarter, compared to $0.39 in the year-ago quarter. The stock has a 52-week-high of $25.05 and a 52-week-low of $15.02. At the end of the last trading period, Gladstone Commercial closed at $16.69.

According to Guggenheim, the prior rating for Warner Music Group Corp (NASDAQ:WMG) was changed from Buy to Neutral. Warner Music Gr earned $0.32 in the fourth quarter, compared to $0.12 in the year-ago quarter. The current stock performance of Warner Music Gr shows a 52-week-high of $44.64 and a 52-week-low of $21.57. Moreover, at the end of the last trading period, the closing price was at $34.45.

For The Wendy's Co (NASDAQ:WEN), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the third quarter, Wendy's showed an EPS of $0.24, compared to $0.19 from the year-ago quarter. The current stock performance of Wendy's shows a 52-week-high of $23.99 and a 52-week-low of $15.77. Moreover, at the end of the last trading period, the closing price was at $21.78.

According to Exane BNP Paribas, the prior rating for The Mosaic Co (NYSE:MOS) was changed from Neutral to Underperform. In the third quarter, Mosaic showed an EPS of $3.22, compared to $1.35 from the year-ago quarter. The current stock performance of Mosaic shows a 52-week-high of $79.28 and a 52-week-low of $37.08. Moreover, at the end of the last trading period, the closing price was at $46.98.

Desjardins downgraded the previous rating for Shaw Communications Inc (NYSE:SJR) from Buy to Hold. For the first quarter, Shaw Comms had an EPS of $0.26, compared to year-ago quarter EPS of $0.31. The current stock performance of Shaw Comms shows a 52-week-high of $31.60 and a 52-week-low of $23.64. Moreover, at the end of the last trading period, the closing price was at $28.94.

Desjardins downgraded the previous rating for Algonquin Power & Utilities Corp (NYSE:AQN) from Hold to Sell. Algonquin Power earned $0.11 in the third quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Algonquin Power shows a 52-week-high of $16.01 and a 52-week-low of $6.41. Moreover, at the end of the last trading period, the closing price was at $7.14.

For Casella Waste Systems Inc (NASDAQ:CWST), B of A Securities downgraded the previous rating of Neutral to Underperform. For the third quarter, Casella Waste Systems had an EPS of $0.45, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $92.75 and a 52-week-low of $63.90. At the end of the last trading period, Casella Waste Systems closed at $79.00.

B of A Securities downgraded the previous rating for Jacobs Solutions Inc (NYSE:J) from Buy to Neutral. In the fourth quarter, Jacobs Solutions showed an EPS of $1.80, compared to $1.58 from the year-ago quarter. The current stock performance of Jacobs Solutions shows a 52-week-high of $150.32 and a 52-week-low of $106.78. Moreover, at the end of the last trading period, the closing price was at $127.82.

Goldman Sachs downgraded the previous rating for Northrop Grumman Corp (NYSE:NOC) from Neutral to Sell. In the third quarter, Northrop Grumman showed an EPS of $5.89, compared to $6.63 from the year-ago quarter. The stock has a 52-week-high of $556.27 and a 52-week-low of $364.62. At the end of the last trading period, Northrop Grumman closed at $487.98.

Stifel downgraded the previous rating for AZZ Inc (NYSE:AZZ) from Buy to Hold. For the third quarter, AZZ had an EPS of $0.88, compared to year-ago quarter EPS of $0.85. At the moment, the stock has a 52-week-high of $52.50 and a 52-week-low of $30.21. AZZ closed at $46.12 at the end of the last trading period.

For Lockheed Martin Corp (NYSE:LMT), Goldman Sachs downgraded the previous rating of Neutral to Sell. In the third quarter, Lockheed Martin showed an EPS of $6.87, compared to $2.21 from the year-ago quarter. The stock has a 52-week-high of $498.95 and a 52-week-low of $359.45. At the end of the last trading period, Lockheed Martin closed at $461.74.

According to Stifel, the prior rating for Costamare Inc (NYSE:CMRE) was changed from Buy to Hold. For the third quarter, Costamare had an EPS of $0.88, compared to year-ago quarter EPS of $0.66. The stock has a 52-week-high of $18.01 and a 52-week-low of $8.55. At the end of the last trading period, Costamare closed at $9.99.

Wells Fargo downgraded the previous rating for AutoNation Inc (NYSE:AN) from Overweight to Equal-Weight. AutoNation earned $6.00 in the third quarter, compared to $5.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $135.57 and a 52-week-low of $94.92. AutoNation closed at $115.92 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Lithia Motors Inc (NYSE:LAD) from Overweight to Equal-Weight. In the third quarter, Lithia Motors showed an EPS of $11.08, compared to $11.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $349.61 and a 52-week-low of $180.00. Lithia Motors closed at $235.34 at the end of the last trading period.

BTIG downgraded the previous rating for Fortinet Inc (NASDAQ:FTNT) from Buy to Neutral. Fortinet earned $0.33 in the third quarter, compared to $0.20 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 $48.40.

According to Credit Suisse, the prior rating for Sunlight Financial Holdings Inc (NYSE:SUNL) was changed from Outperform to Neutral. For the third quarter, Sunlight Finl Hldgs had an EPS of $0.16, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $5.70 and a 52-week-low of $0.96. At the end of the last trading period, Sunlight Finl Hldgs closed at $1.35.

For Corebridge Financial Inc (NYSE:CRBG), Credit Suisse downgraded the previous rating of Outperform to Neutral. At the moment, the stock has a 52-week-high of $23.50 and a 52-week-low of $18.81. Corebridge Financial closed at $21.10 at the end of the last trading period.

According to RBC Capital, the prior rating for Masonite International Corp (NYSE:DOOR) was changed from Outperform to Sector Perform. Masonite International earned $2.53 in the third quarter, compared to $1.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $115.13 and a 52-week-low of $65.70. Masonite International closed at $89.67 at the end of the last trading period.

RBC Capital downgraded the previous rating for KB Home (NYSE:KBH) from Outperform to Sector Perform. In the fourth quarter, KB Home showed an EPS of $2.47, compared to $1.91 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.20 and a 52-week-low of $24.78. KB Home closed at $34.91 at the end of the last trading period.

RBC Capital downgraded the previous rating for Fortune Brands Innovations Inc (NYSE:FBIN) from Outperform to Sector Perform. At the moment, the stock has a 52-week-high of $63.19 and a 52-week-low of $49.51. Fortune Brands closed at $62.67 at the end of the last trading period.

According to RBC Capital, the prior rating for Dream Finders Homes Inc (NYSE:DFH) was changed from Sector Perform to Underperform. For the third quarter, Dream Finders Homes had an EPS of $0.64, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $23.09 and a 52-week-low of $8.17. Dream Finders Homes closed at $10.30 at the end of the last trading period.

For Lennar Corp (NYSE:LEN), RBC Capital downgraded the previous rating of Sector Perform to Underperform. For the fourth quarter, Lennar had an EPS of $5.02, compared to year-ago quarter EPS of $4.36. The stock has a 52-week-high of $112.50 and a 52-week-low of $62.54. At the end of the last trading period, Lennar closed at $99.15.

See all analyst ratings downgrades.

Initiations

UBS initiated coverage on Pagaya Technologies Ltd (NASDAQ:PGY) with a Neutral rating. The price target for Pagaya Technologies is set to $1.25. The current stock performance of Pagaya Technologies shows a 52-week-high of $34.50 and a 52-week-low of $0.57. Moreover, at the end of the last trading period, the closing price was at $1.24.

With a Buy rating, Brookline Capital initiated coverage on electroCore Inc (NASDAQ:ECOR). The price target seems to have been set at $1.25 for electroCore. For the third quarter, electroCore had an EPS of $0.08, compared to year-ago quarter EPS of $0.06. The current stock performance of electroCore shows a 52-week-high of $0.98 and a 52-week-low of $0.20. Moreover, at the end of the last trading period, the closing price was at $0.30.

With an Overweight rating, Capital One initiated coverage on Workday Inc (NASDAQ:WDAY). The price target seems to have been set at $200.00 for Workday. Workday earned $0.99 in the third quarter, compared to $1.10 in the year-ago quarter. The stock has a 52-week-high of $261.89 and a 52-week-low of $128.72. At the end of the last trading period, Workday closed at $163.59.

Truist Securities initiated coverage on Summit Materials Inc (NYSE:SUM) with a Buy rating. The price target for Summit Materials is set to $40.00. In the third quarter, Summit Materials showed an EPS of $0.70, compared to $0.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.10 and a 52-week-low of $21.62. Summit Materials closed at $30.99 at the end of the last trading period.

Wedbush initiated coverage on Getaround Inc (NYSE:GETR) with an Outperform rating. The price target for Getaround is set to $5.00. The stock has a 52-week-high of $3.29 and a 52-week-low of $0.50. At the end of the last trading period, Getaround closed at $0.65.

With an Outperform rating, Credit Suisse initiated coverage on Aon PLC (NYSE:AON). The price target seems to have been set at $363.00 for Aon. Aon earned $2.02 in the third quarter, compared to $1.74 in the year-ago quarter. The stock has a 52-week-high of $341.98 and a 52-week-low of $246.21. At the end of the last trading period, Aon closed at $315.87.

For Teradyne Inc (NASDAQ:TER), Jefferies initiated coverage, by setting the current rating at Buy. For the third quarter, Teradyne had an EPS of $1.15, compared to year-ago quarter EPS of $1.59. The stock has a 52-week-high of $167.69 and a 52-week-low of $67.81. At the end of the last trading period, Teradyne closed at $96.14.

For FormFactor Inc (NASDAQ:FORM), Jefferies initiated coverage, by setting the current rating at Hold. FormFactor earned $0.24 in the third quarter, compared to $0.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.20 and a 52-week-low of $18.15. FormFactor closed at $25.48 at the end of the last trading period.

Jefferies initiated coverage on Overstock.com Inc (NASDAQ:OSTK) with a Hold rating. The price target for Overstock.com is set to $20.00. In the third quarter, Overstock.com showed an EPS of $0.13, compared to $0.54 from 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 $21.34 at the end of the last trading period.

With a Neutral rating, DA Davidson initiated coverage on Rapid7 Inc (NASDAQ:RPD). The price target seems to have been set at $34.00 for Rapid7. In the third quarter, Rapid7 showed an EPS of $0.14, compared to $0.06 from the year-ago quarter. The current stock performance of Rapid7 shows a 52-week-high of $118.25 and a 52-week-low of $26.48. Moreover, at the end of the last trading period, the closing price was at $34.18.

See all analyst ratings initiations.