Benzinga's Top Ratings Upgrades, Downgrades For January 18, 2023
Upgrades
According to Citigroup, the prior rating for Pegasystems Inc (NASDAQ:PEGA) was changed from Neutral to Buy. In the third quarter, Pegasystems showed an EPS of $0.34, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $102.50 and a 52-week-low of $29.05. Pegasystems closed at $35.62 at the end of the last trading period.
Mizuho upgraded the previous rating for Oatly Group AB (NASDAQ:OTLY) from Neutral to Buy. Oatly Group earned $0.18 in the third quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $7.98 and a 52-week-low of $1.28. At the end of the last trading period, Oatly Group closed at $2.69.
Barclays upgraded the previous rating for Magellan Midstream Partners LP (NYSE:MMP) from Equal-Weight to Overweight. For the third quarter, Magellan Midstream had an EPS of $1.29, compared to year-ago quarter EPS of $1.09. At the moment, the stock has a 52-week-high of $54.40 and a 52-week-low of $44.79. Magellan Midstream closed at $52.65 at the end of the last trading period.
Raymond James upgraded the previous rating for Natera Inc (NASDAQ:NTRA) from Market Perform to Outperform. Natera earned $1.25 in the third quarter, compared to $1.63 in the year-ago quarter. The current stock performance of Natera shows a 52-week-high of $74.82 and a 52-week-low of $26.10. Moreover, at the end of the last trading period, the closing price was at $40.00.
According to Raymond James, the prior rating for Myriad Genetics Inc (NASDAQ:MYGN) was changed from Market Perform to Outperform. In the third quarter, Myriad Genetics showed an EPS of $0.19, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.18 and a 52-week-low of $13.92. Myriad Genetics closed at $18.56 at the end of the last trading period.
For Willis Towers Watson PLC (NASDAQ:WTW), Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. In the third quarter, Willis Towers Watson showed an EPS of $2.20, compared to $1.73 from the year-ago quarter. The stock has a 52-week-high of $258.43 and a 52-week-low of $187.89. At the end of the last trading period, Willis Towers Watson closed at $252.20.
For Gap Inc (NYSE:GPS), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. For the third quarter, Gap had an EPS of $0.71, compared to year-ago quarter EPS of $0.27. The current stock performance of Gap shows a 52-week-high of $18.46 and a 52-week-low of $7.79. Moreover, at the end of the last trading period, the closing price was at $12.83.
Morgan Stanley upgraded the previous rating for Seagate Technology Holdings PLC (NASDAQ:STX) from Equal-Weight to Overweight. In the first quarter, Seagate Tech Hldgs showed an EPS of $0.48, compared to $2.35 from the year-ago quarter. The stock has a 52-week-high of $117.03 and a 52-week-low of $47.47. At the end of the last trading period, Seagate Tech Hldgs closed at $56.98.
According to Evercore ISI Group, the prior rating for GoDaddy Inc (NYSE:GDDY) was changed from In-Line to Outperform. GoDaddy earned $0.63 in the third quarter, compared to $0.58 in the year-ago quarter. The current stock performance of GoDaddy shows a 52-week-high of $88.32 and a 52-week-low of $64.65. Moreover, at the end of the last trading period, the closing price was at $75.83.
According to Citigroup, the prior rating for Check Point Software Technologies Ltd (NASDAQ:CHKP) was changed from Sell to Neutral. Check Point Software earned $1.77 in the third quarter, compared to $1.65 in the year-ago quarter. The current stock performance of Check Point Software shows a 52-week-high of $149.62 and a 52-week-low of $107.54. Moreover, at the end of the last trading period, the closing price was at $130.03.
See all analyst ratings upgrades.
Downgrades
For Snap Inc (NYSE:SNAP), OTR Global downgraded the previous rating of Positive to Mixed. For the third quarter, Snap had an EPS of $0.08, compared to year-ago quarter EPS of $0.17. The current stock performance of Snap shows a 52-week-high of $41.97 and a 52-week-low of $7.33. Moreover, at the end of the last trading period, the closing price was at $9.67.
Redburn Partners downgraded the previous rating for Exxon Mobil Corp (NYSE:XOM) from Neutral to Sell. In the third quarter, Exxon Mobil showed an EPS of $4.45, compared to $1.58 from the year-ago quarter. At the moment, the stock has a 52-week-high of $114.66 and a 52-week-low of $69.81. Exxon Mobil closed at $112.93 at the end of the last trading period.
SMBC Nikko downgraded the previous rating for PayPal Holdings Inc (NASDAQ:PYPL) from Neutral to Underperform. PayPal Holdings earned $1.08 in the third quarter, compared to $1.11 in the year-ago quarter. The current stock performance of PayPal Holdings shows a 52-week-high of $182.00 and a 52-week-low of $66.39. Moreover, at the end of the last trading period, the closing price was at $80.18.
For Arthur J. Gallagher & Co (NYSE:AJG), Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. In the third quarter, Arthur J. Gallagher showed an EPS of $1.72, compared to $1.33 from the year-ago quarter. The current stock performance of Arthur J. Gallagher shows a 52-week-high of $201.51 and a 52-week-low of $147.32. Moreover, at the end of the last trading period, the closing price was at $195.65.
DA Davidson downgraded the previous rating for Paya Holdings Inc (NASDAQ:PAYA) from Buy to Neutral. In the third quarter, Paya Holdings showed an EPS of $0.09, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $9.72 and a 52-week-low of $4.51. At the end of the last trading period, Paya Holdings closed at $9.70.
For Stronghold Digital Mining Inc (NASDAQ:SDIG), Compass Point downgraded the previous rating of Buy to Neutral. Stronghold Digital Mining earned $0.07 in the third quarter, compared to $0.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.43 and a 52-week-low of $0.40. Stronghold Digital Mining closed at $0.70 at the end of the last trading period.
Stephens & Co. downgraded the previous rating for Signature Bank (NASDAQ:SBNY) from Overweight to Equal-Weight. Signature Bank earned $4.65 in the fourth quarter, compared to $4.34 in the year-ago quarter. The stock has a 52-week-high of $374.76 and a 52-week-low of $106.81. At the end of the last trading period, Signature Bank closed at $121.18.
B of A Securities downgraded the previous rating for Levi Strauss & Co (NYSE:LEVI) from Buy to Neutral. For the third quarter, Levi Strauss had an EPS of $0.40, compared to year-ago quarter EPS of $0.48. At the moment, the stock has a 52-week-high of $24.22 and a 52-week-low of $13.57. Levi Strauss closed at $16.28 at the end of the last trading period.
According to B of A Securities, the prior rating for Graphite Bio Inc (NASDAQ:GRPH) was changed from Buy to Neutral. For the third quarter, Graphite Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $11.30 and a 52-week-low of $1.59. At the end of the last trading period, Graphite Bio closed at $2.05.
Citigroup downgraded the previous rating for BlackLine Inc (NASDAQ:BL) from Neutral to Sell. For the third quarter, BlackLine had an EPS of $0.21, compared to year-ago quarter EPS of $0.24. At the moment, the stock has a 52-week-high of $93.11 and a 52-week-low of $48.73. BlackLine closed at $70.16 at the end of the last trading period.
According to HC Wainwright & Co., the prior rating for Neovasc Inc (NASDAQ:NVCN) was changed from Buy to Neutral. In the third quarter, Neovasc showed an EPS of $3.00, compared to $2.75 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.28 and a 52-week-low of $0.29. Neovasc closed at $27.80 at the end of the last trading period.
According to HC Wainwright & Co., the prior rating for Amryt Pharma PLC (NASDAQ:AMYT) was changed from Buy to Neutral. In the third quarter, Amryt Pharma showed an EPS of $0.06, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $14.77 and a 52-week-low of $5.61. At the end of the last trading period, Amryt Pharma closed at $14.70.
According to Cowen & Co., the prior rating for YETI Holdings Inc (NYSE:YETI) was changed from Outperform to Market Perform. For the third quarter, YETI Holdings had an EPS of $0.63, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $71.89 and a 52-week-low of $27.86. At the end of the last trading period, YETI Holdings closed at $45.21.
For Chegg Inc (NYSE:CHGG), Needham downgraded the previous rating of Buy to Hold. In the third quarter, Chegg showed an EPS of $0.21, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.64 and a 52-week-low of $15.66. Chegg closed at $24.44 at the end of the last trading period.
Barclays downgraded the previous rating for Williams Companies Inc (NYSE:WMB) from Overweight to Equal-Weight. In the third quarter, Williams Companies showed an EPS of $0.48, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.97 and a 52-week-low of $27.32. Williams Companies closed at $32.78 at the end of the last trading period.
Barclays downgraded the previous rating for UGI Corp (NYSE:UGI) from Equal-Weight to Underweight. In the fourth quarter, UGI showed an EPS of $0.00, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $47.04 and a 52-week-low of $31.19. At the end of the last trading period, UGI closed at $40.49.
According to Raymond James, the prior rating for Mercantile Bank Corp (NASDAQ:MBWM) was changed from Outperform to Market Perform. In the fourth quarter, Mercantile Bank showed an EPS of $1.37, compared to $0.74 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.01 and a 52-week-low of $29.26. Mercantile Bank closed at $36.59 at the end of the last trading period.
For Exact Sciences Corp (NASDAQ:EXAS), Raymond James downgraded the previous rating of Outperform to Market Perform. For the third quarter, Exact Sciences had an EPS of $0.84, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $84.46 and a 52-week-low of $29.27. At the end of the last trading period, Exact Sciences closed at $68.38.
According to Raymond James, the prior rating for Veracyte Inc (NASDAQ:VCYT) was changed from Outperform to Market Perform. Veracyte earned $0.12 in the third quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.23 and a 52-week-low of $14.85. Veracyte closed at $26.69 at the end of the last trading period.
For Monarch Casino & Resort Inc (NASDAQ:MCRI), Macquarie downgraded the previous rating of Outperform to Neutral. In the third quarter, Monarch Casino & Resort showed an EPS of $1.41, compared to $1.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $94.26 and a 52-week-low of $54.01. Monarch Casino & Resort closed at $79.22 at the end of the last trading period.
Morgan Stanley downgraded the previous rating for Skechers USA Inc (NYSE:SKX) from Overweight to Equal-Weight. For the third quarter, Skechers USA had an EPS of $0.55, compared to year-ago quarter EPS of $0.66. The stock has a 52-week-high of $49.89 and a 52-week-low of $31.28. At the end of the last trading period, Skechers USA closed at $46.22.
According to Morgan Stanley, the prior rating for International Business Machines Corp (NYSE:IBM) was changed from Overweight to Equal-Weight. For the third quarter, IBM had an EPS of $1.81, compared to year-ago quarter EPS of $2.52. At the moment, the stock has a 52-week-high of $153.21 and a 52-week-low of $115.55. IBM closed at $145.19 at the end of the last trading period.
For Morgan Stanley (NYSE:MS), Citigroup downgraded the previous rating of Buy to Neutral. For the fourth quarter, Morgan Stanley had an EPS of $1.31, compared to year-ago quarter EPS of $2.08. At the moment, the stock has a 52-week-high of $109.73 and a 52-week-low of $72.05. Morgan Stanley closed at $97.08 at the end of the last trading period.
For Extra Space Storage Inc (NYSE:EXR), Wolfe Research downgraded the previous rating of Outperform to Peer Perform. For the third quarter, Extra Space Storage had an EPS of $2.21, compared to year-ago quarter EPS of $1.85. The current stock performance of Extra Space Storage shows a 52-week-high of $222.35 and a 52-week-low of $139.97. Moreover, at the end of the last trading period, the closing price was at $153.10.
According to JMP Securities, the prior rating for PennyMac Financial Services Inc (NYSE:PFSI) was changed from Market Outperform to Market Perform. For the third quarter, PennyMac Financial Servs had an EPS of $2.46, compared to year-ago quarter EPS of $3.80. The current stock performance of PennyMac Financial Servs shows a 52-week-high of $69.69 and a 52-week-low of $38.53. Moreover, at the end of the last trading period, the closing price was at $64.19.
See all analyst ratings downgrades.
Initiations
With an Overweight rating, Cantor Fitzgerald initiated coverage on Prenetics Global Ltd (NASDAQ:PRE). The price target seems to have been set at $7.00 for Prenetics Global. In the third quarter, Prenetics Global showed an EPS of $0.30, compared to $2.65 from the year-ago quarter. The stock has a 52-week-high of $8.75 and a 52-week-low of $1.24. At the end of the last trading period, Prenetics Global closed at $1.53.
With a Buy rating, BWS Financial initiated coverage on Seadrill Ltd (NYSE:SDRL). The price target seems to have been set at $50.00 for Seadrill. Seadrill earned $0.36 in the third quarter, compared to $0.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.01 and a 52-week-low of $24.51. Seadrill closed at $35.18 at the end of the last trading period.
With a Hold rating, Canaccord Genuity initiated coverage on Vertex Pharmaceuticals Inc (NASDAQ:VRTX). The price target seems to have been set at $311.00 for Vertex Pharmaceuticals. Vertex Pharmaceuticals earned $4.01 in the third quarter, compared to $3.56 in the year-ago quarter. The current stock performance of Vertex Pharmaceuticals shows a 52-week-high of $324.75 and a 52-week-low of $221.69. Moreover, at the end of the last trading period, the closing price was at $311.98.
With a Buy rating, Canaccord Genuity initiated coverage on Sigilon Therapeutics Inc (NASDAQ:SGTX). The price target seems to have been set at $6.00 for Sigilon Therapeutics. In the third quarter, Sigilon Therapeutics showed an EPS of $0.27, compared to $0.63 from the year-ago quarter. The current stock performance of Sigilon Therapeutics shows a 52-week-high of $2.23 and a 52-week-low of $0.29. Moreover, at the end of the last trading period, the closing price was at $0.41.
Canaccord Genuity initiated coverage on Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) with a Buy rating. The price target for Alnylam Pharmaceuticals is set to $310.00. For the third quarter, Alnylam Pharmaceuticals had an EPS of $1.58, compared to year-ago quarter EPS of $1.59. The stock has a 52-week-high of $242.97 and a 52-week-low of $117.58. At the end of the last trading period, Alnylam Pharmaceuticals closed at $233.73.
With a Buy rating, Roth Capital initiated coverage on Membership Collective Group Inc (NYSE:MCG). The price target seems to have been set at $7.00 for Membership Collective. For the third quarter, Membership Collective had an EPS of $0.19, compared to year-ago quarter EPS of $0.72. The current stock performance of Membership Collective shows a 52-week-high of $10.98 and a 52-week-low of $3.08. Moreover, at the end of the last trading period, the closing price was at $5.10.
With a Buy rating, Roth Capital initiated coverage on Boyd Gaming Corp (NYSE:BYD). The price target seems to have been set at $70.00 for Boyd Gaming. For the third quarter, Boyd Gaming had an EPS of $1.48, compared to year-ago quarter EPS of $1.30. At the moment, the stock has a 52-week-high of $72.72 and a 52-week-low of $46.10. Boyd Gaming closed at $59.43 at the end of the last trading period.
Barclays initiated coverage on KeyCorp (NYSE:KEY) with a Equal-Weight rating. The price target for KeyCorp is set to $34.00. In the third quarter, KeyCorp showed an EPS of $0.55, compared to $0.65 from the year-ago quarter. 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 $18.02.
With a Equal-Weight rating, Barclays initiated coverage on Enerplus Corp (NYSE:ERF). The price target seems to have been set at $28.00 for Enerplus. Enerplus earned $0.87 in the third quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of $19.23 and a 52-week-low of $10.21. At the end of the last trading period, Enerplus closed at $17.58.
With a Equal-Weight rating, Morgan Stanley initiated coverage on Kornit Digital Ltd (NASDAQ:KRNT). The price target seems to have been set at $27.00 for Kornit Digital. For the third quarter, Kornit Digital had an EPS of $0.21, compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $111.78 and a 52-week-low of $19.44. At the end of the last trading period, Kornit Digital closed at $26.82.
With an Outperform rating, BMO Capital initiated coverage on CrowdStrike Holdings Inc (NASDAQ:CRWD). The price target seems to have been set at $120.00 for CrowdStrike Holdings. In the third quarter, CrowdStrike Holdings showed an EPS of $0.40, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $242.00 and a 52-week-low of $92.25. CrowdStrike Holdings closed at $104.43 at the end of the last trading period.
DA Davidson initiated coverage on Shopify Inc (NYSE:SHOP) with a Neutral rating. The price target for Shopify is set to $34.00. Shopify earned $0.02 in the third quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $1122.49 and a 52-week-low of $23.63. At the end of the last trading period, Shopify closed at $39.98.
Scotiabank initiated coverage on SentinelOne Inc (NYSE:S) with a Sector Perform rating. The price target for SentinelOne is set to $13.00. For the third quarter, SentinelOne had an EPS of $0.16, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $48.46 and a 52-week-low of $12.69. SentinelOne closed at $14.51 at the end of the last trading period.
With a Buy rating, Ascendiant Capital initiated coverage on Duos Technologies Group Inc (NASDAQ:DUOT). The price target seems to have been set at $5.00 for Duos Technologies Group. For the third quarter, Duos Technologies Group had an EPS of $0.30, compared to year-ago quarter EPS of $0.68.
Mizuho initiated coverage on Palantir Technologies Inc (NYSE:PLTR) with a Neutral rating. The price target for Palantir Technologies is set to $7.00. Palantir Technologies earned $0.01 in the third quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $16.25 and a 52-week-low of $5.92. At the end of the last trading period, Palantir Technologies closed at $7.07.
With a Buy rating, Deutsche Bank initiated coverage on Mobileye Global Inc (NASDAQ:MBLY). The price target seems to have been set at $48.00 for Mobileye Global. At the moment, the stock has a 52-week-high of $37.31 and a 52-week-low of $24.85. Mobileye Global closed at $31.55 at the end of the last trading period.
DA Davidson initiated coverage on Salesforce Inc (NYSE:CRM) with a Neutral rating. The price target for Salesforce is set to $150.00. Salesforce earned $1.40 in the third quarter, compared to $1.27 in the year-ago quarter. The current stock performance of Salesforce shows a 52-week-high of $234.49 and a 52-week-low of $126.34. Moreover, at the end of the last trading period, the closing price was at $148.47.
DA Davidson initiated coverage on Adobe Inc (NASDAQ:ADBE) with a Neutral rating. The price target for Adobe is set to $350.00. For the fourth quarter, Adobe had an EPS of $3.60, compared to year-ago quarter EPS of $3.20. The current stock performance of Adobe shows a 52-week-high of $540.46 and a 52-week-low of $274.73. Moreover, at the end of the last trading period, the closing price was at $344.38.
DA Davidson initiated coverage on Oracle Corp (NYSE:ORCL) with a Neutral rating. The price target for Oracle is set to $85.00. For the second quarter, Oracle had an EPS of $1.21, compared to year-ago quarter EPS of $1.21. The current stock performance of Oracle shows a 52-week-high of $89.47 and a 52-week-low of $60.78. Moreover, at the end of the last trading period, the closing price was at $88.60.
With a Sector Outperform rating, Scotiabank initiated coverage on Check Point Software Technologies Ltd (NASDAQ:CHKP). The price target seems to have been set at $160.00 for Check Point Software. Check Point Software earned $1.77 in the third quarter, compared to $1.65 in the year-ago quarter. The current stock performance of Check Point Software shows a 52-week-high of $149.62 and a 52-week-low of $107.54. Moreover, at the end of the last trading period, the closing price was at $130.03.
Scotiabank initiated coverage on Zscaler Inc (NASDAQ:ZS) with a Sector Outperform rating. The price target for Zscaler is set to $115.00. Zscaler earned $0.29 in the first quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $290.47 and a 52-week-low of $99.64. Zscaler closed at $113.51 at the end of the last trading period.
Scotiabank initiated coverage on Fortinet Inc (NASDAQ:FTNT) with a Sector Outperform rating. The price target for Fortinet is set to $65.00. Fortinet earned $0.33 in the third quarter, compared to $0.20 in the year-ago quarter. The stock has a 52-week-high of $357.58 and a 52-week-low of $42.61. At the end of the last trading period, Fortinet closed at $50.10.
Wolfe Research initiated coverage on National Storage Affiliates Trust (NYSE:NSA) with a Peer Perform rating. National Storage earned $0.72 in the third quarter, compared to $0.57 in the year-ago quarter. The current stock performance of National Storage shows a 52-week-high of $67.44 and a 52-week-low of $34.90. Moreover, at the end of the last trading period, the closing price was at $38.57.
With an Outperform rating, Wolfe Research initiated coverage on CubeSmart (NYSE:CUBE). The price target seems to have been set at $48.00 for CubeSmart. CubeSmart earned $0.66 in the third quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.95 and a 52-week-low of $36.82. CubeSmart closed at $42.39 at the end of the last trading period.
With a Sector Perform rating, Scotiabank initiated coverage on Informatica Inc (NYSE:INFA). The price target seems to have been set at $15.00 for Informatica. Informatica earned $0.18 in the third quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.50 and a 52-week-low of $14.96. Informatica closed at $16.67 at the end of the last trading period.
Rosenblatt initiated coverage on Coherent Corp (NASDAQ:COHR) with a Buy rating. The price target for Coherent is set to $55.00. In the first quarter, Coherent showed an EPS of $1.04, compared to $2.32 from the year-ago quarter.
With an Outperform rating, Wedbush initiated coverage on Nuvalent Inc (NASDAQ:NUVL). The price target seems to have been set at $39.00 for Nuvalent. For the third quarter, Nuvalent had an EPS of $0.41, compared to year-ago quarter EPS of $0.39. The current stock performance of Nuvalent shows a 52-week-high of $40.43 and a 52-week-low of $7.09. Moreover, at the end of the last trading period, the closing price was at $33.30.
