Benzinga's Top Ratings Upgrades, Downgrades For January 19, 2023
Upgrades
For Coeur Mining Inc (NYSE:CDE), Canaccord Genuity upgraded the previous rating of Sell to Hold. In the third quarter, Coeur Mining showed an EPS of $0.16, compared to $0.01 from the year-ago quarter. The current stock performance of Coeur Mining shows a 52-week-high of $5.54 and a 52-week-low of $2.54. Moreover, at the end of the last trading period, the closing price was at $3.67.
For International Business Machines Corp (NYSE:IBM), MoffettNathanson upgraded the previous rating of Underperform to Market Perform. For the third quarter, IBM had an EPS of $1.81, compared to year-ago quarter EPS of $2.52. The stock has a 52-week-high of $153.21 and a 52-week-low of $115.55. At the end of the last trading period, IBM closed at $140.41.
Susquehanna upgraded the previous rating for Universal Display Corp (NASDAQ:OLED) from Negative to Neutral. For the third quarter, Universal Display had an EPS of $1.12, compared to year-ago quarter EPS of $0.97. The current stock performance of Universal Display shows a 52-week-high of $176.41 and a 52-week-low of $89.41. Moreover, at the end of the last trading period, the closing price was at $127.69.
Jefferies upgraded the previous rating for Philip Morris International Inc (NYSE:PM) from Hold to Buy. In the third quarter, Philip Morris Intl showed an EPS of $1.53, compared to $1.58 from the year-ago quarter. At the moment, the stock has a 52-week-high of $112.48 and a 52-week-low of $82.85. Philip Morris Intl closed at $99.26 at the end of the last trading period.
According to UBS, the prior rating for CureVac NV (NASDAQ:CVAC) was changed from Neutral to Buy. At the moment, the stock has a 52-week-high of $24.18 and a 52-week-low of $5.63. CureVac closed at $9.48 at the end of the last trading period.
According to Morgan Stanley, the prior rating for iQIYI Inc (NASDAQ:IQ) was changed from Underweight to Equal-Weight. iQIYI earned $0.03 in the third quarter, compared to $0.34 in the year-ago quarter. The current stock performance of iQIYI shows a 52-week-high of $7.10 and a 52-week-low of $1.65. Moreover, at the end of the last trading period, the closing price was at $5.45.
According to Keybanc, the prior rating for Chegg Inc (NYSE:CHGG) was changed from Sector Weight to Overweight. Chegg earned $0.21 in the third quarter, compared to $0.20 in 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 $20.38 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
For VF Corp (NYSE:VFC), Williams Trading downgraded the previous rating of Hold to Sell. For the second quarter, VF had an EPS of $0.73, compared to year-ago quarter EPS of $1.11. At the moment, the stock has a 52-week-high of $72.31 and a 52-week-low of $25.05. VF closed at $30.06 at the end of the last trading period.
MoffettNathanson downgraded the previous rating for DXC Technology Co (NYSE:DXC) from Market Perform to Underperform. In the second quarter, DXC Technology showed an EPS of $0.75, compared to $0.90 from the year-ago quarter. The current stock performance of DXC Technology shows a 52-week-high of $39.65 and a 52-week-low of $22.65. Moreover, at the end of the last trading period, the closing price was at $28.96.
MoffettNathanson downgraded the previous rating for Cognizant Technology Solutions Corp (NASDAQ:CTSH) from Market Perform to Underperform. Cognizant Tech Solns earned $1.17 in the third quarter, compared to $1.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $93.47 and a 52-week-low of $51.33. Cognizant Tech Solns closed at $60.99 at the end of the last trading period.
For United Community Banks Inc (NASDAQ:UCBI), Janney Montgomery Scott downgraded the previous rating of Buy to Neutral. United Community Banks earned $0.75 in the fourth quarter, compared to $0.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.50 and a 52-week-low of $27.85. United Community Banks closed at $32.02 at the end of the last trading period.
According to Canaccord Genuity, the prior rating for Alamos Gold Inc (NYSE:AGI) was changed from Buy to Hold. In the third quarter, Alamos Gold showed an EPS of $0.07, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.38 and a 52-week-low of $6.35. Alamos Gold closed at $10.75 at the end of the last trading period.
B of A Securities downgraded the previous rating for Charles Schwab Corp (NYSE:SCHW) from Buy to Underperform. Charles Schwab earned $1.07 in the fourth quarter, compared to $0.86 in the year-ago quarter. The current stock performance of Charles Schwab shows a 52-week-high of $96.24 and a 52-week-low of $59.35. Moreover, at the end of the last trading period, the closing price was at $81.38.
Canaccord Genuity downgraded the previous rating for Newmont Corp (NYSE:NEM) from Buy to Hold. In the third quarter, Newmont showed an EPS of $0.27, compared to $0.60 from the year-ago quarter. The stock has a 52-week-high of $86.37 and a 52-week-low of $37.45. At the end of the last trading period, Newmont closed at $51.53.
Jefferies downgraded the previous rating for Teva Pharmaceutical Industries Ltd (NYSE:TEVA) from Buy to Hold. Teva Pharmaceutical Indus earned $0.59 in the third quarter, compared to $0.59 in the year-ago quarter. The current stock performance of Teva Pharmaceutical Indus shows a 52-week-high of $11.45 and a 52-week-low of $6.78. Moreover, at the end of the last trading period, the closing price was at $10.84.
According to Stifel, the prior rating for HireRight Holdings Corp (NYSE:HRT) was changed from Buy to Hold. The current stock performance of HireRight Holdings shows a 52-week-high of $18.95 and a 52-week-low of $6.88. Moreover, at the end of the last trading period, the closing price was at $11.63.
For Inotiv Inc (NASDAQ:NOTV), Jefferies downgraded the previous rating of Buy to Hold. For the fourth quarter, Inotiv had an EPS of $0.32, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $42.63 and a 52-week-low of $3.65. Inotiv closed at $7.57 at the end of the last trading period.
According to Evercore ISI Group, the prior rating for TE Connectivity Ltd (NYSE:TEL) was changed from Outperform to In-Line. TE Connectivity earned $1.88 in the fourth quarter, compared to $1.69 in the year-ago quarter. The stock has a 52-week-high of $160.85 and a 52-week-low of $104.76. At the end of the last trading period, TE Connectivity closed at $123.29.
Morgan Stanley downgraded the previous rating for Roblox Corp (NYSE:RBLX) from Equal-Weight to Underweight. For the third quarter, Roblox had an EPS of $0.50, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $82.45 and a 52-week-low of $21.65. At the end of the last trading period, Roblox closed at $35.76.
JMP Securities downgraded the previous rating for Intellia Therapeutics Inc (NASDAQ:NTLA) from Market Outperform to Market Perform. For the third quarter, Intellia Therapeutics had an EPS of $1.49, compared to year-ago quarter EPS of $0.97. The current stock performance of Intellia Therapeutics shows a 52-week-high of $104.87 and a 52-week-low of $32.72. Moreover, at the end of the last trading period, the closing price was at $36.08.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Compass Point initiated coverage on HCI Group Inc (NYSE:HCI). The price target seems to have been set at $56.00 for HCI Group. In the third quarter, HCI Group showed an EPS of $5.62, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $73.92 and a 52-week-low of $27.65. HCI Group closed at $46.50 at the end of the last trading period.
With a Buy rating, Benchmark initiated coverage on Transocean Ltd (NYSE:RIG). The price target seems to have been set at $7.50 for Transocean. In the third quarter, Transocean showed an EPS of $0.06, compared to $0.19 from the year-ago quarter. The current stock performance of Transocean shows a 52-week-high of $6.18 and a 52-week-low of $2.32. Moreover, at the end of the last trading period, the closing price was at $5.73.
Benchmark initiated coverage on Helmerich & Payne Inc (NYSE:HP) with a Hold rating. In the fourth quarter, Helmerich & Payne showed an EPS of $0.45, compared to $0.62 from the year-ago quarter. The current stock performance of Helmerich & Payne shows a 52-week-high of $54.59 and a 52-week-low of $25.56. Moreover, at the end of the last trading period, the closing price was at $47.57.
Benchmark initiated coverage on Patterson-UTI Energy Inc (NASDAQ:PTEN) with a Hold rating. For the third quarter, Patterson-UTI Energy had an EPS of $0.28, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $20.53 and a 52-week-low of $8.77. Patterson-UTI Energy closed at $16.11 at the end of the last trading period.
With a Buy rating, Benchmark initiated coverage on Cactus Inc (NYSE:WHD). The price target seems to have been set at $70.00 for Cactus. In the third quarter, Cactus showed an EPS of $0.52, compared to $0.19 from the year-ago quarter. The current stock performance of Cactus shows a 52-week-high of $64.18 and a 52-week-low of $34.70. Moreover, at the end of the last trading period, the closing price was at $52.77.
With a Buy rating, Benchmark initiated coverage on Valaris Ltd (NYSE:VAL). The price target seems to have been set at $95.00 for Valaris. Valaris earned $0.98 in the third quarter, compared to $0.73 in the year-ago quarter. The stock has a 52-week-high of $76.14 and a 52-week-low of $36.55. At the end of the last trading period, Valaris closed at $72.03.
BTIG initiated coverage on The Shyft Group Inc (NASDAQ:SHYF) with a Buy rating. The price target for Shyft Group is set to $40.00. For the third quarter, Shyft Group had an EPS of $0.53, compared to year-ago quarter EPS of $0.63. At the moment, the stock has a 52-week-high of $46.81 and a 52-week-low of $17.66. Shyft Group closed at $29.50 at the end of the last trading period.
Benchmark initiated coverage on TechnipFMC PLC (NYSE:FTI) with a Buy rating. The price target for TechnipFMC is set to $15.00. TechnipFMC earned $0.03 in the third quarter, compared to $0.06 in the year-ago quarter. The current stock performance of TechnipFMC shows a 52-week-high of $13.20 and a 52-week-low of $5.47. Moreover, at the end of the last trading period, the closing price was at $12.42.
Benchmark initiated coverage on Oceaneering International Inc (NYSE:OII) with a Buy rating. The price target for Oceaneering International is set to $25.00. In the third quarter, Oceaneering International showed an EPS of $0.23, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $20.21 and a 52-week-low of $7.25. At the end of the last trading period, Oceaneering International closed at $18.35.
With a Buy rating, Benchmark initiated coverage on NOV Inc (NYSE:NOV). The price target seems to have been set at $28.00 for NOV. In the third quarter, NOV showed an EPS of $0.08, compared to $0.09 from the year-ago quarter. The current stock performance of NOV shows a 52-week-high of $24.25 and a 52-week-low of $13.98. Moreover, at the end of the last trading period, the closing price was at $22.80.
Northland Capital Markets initiated coverage on Tempo Automation Holdings Inc (NASDAQ:TMPO) with an Outperform rating. The price target for Tempo Automation Holdings is set to $3.00. The stock has a 52-week-high of $15.15 and a 52-week-low of $0.70. At the end of the last trading period, Tempo Automation Holdings closed at $1.76.
With a Buy rating, Benchmark initiated coverage on Baker Hughes Co (NASDAQ:BKR). The price target seems to have been set at $36.00 for Baker Hughes. Baker Hughes earned $0.26 in the third quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.78 and a 52-week-low of $20.41. Baker Hughes closed at $30.69 at the end of the last trading period.
For GE HealthCare Technologies Inc (NASDAQ:GEHC), Redburn Partners initiated coverage, by setting the current rating at Buy. At the moment, the stock has a 52-week-high of $66.52 and a 52-week-low of $53.50. GE HealthCare Techs closed at $62.08 at the end of the last trading period.
For ProPetro Holding Corp (NYSE:PUMP), Benchmark initiated coverage, by setting the current rating at Hold. For the third quarter, ProPetro Holding had an EPS of $0.10, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $16.93 and a 52-week-low of $7.25. ProPetro Holding closed at $9.49 at the end of the last trading period.
With a Buy rating, Benchmark initiated coverage on Halliburton Co (NYSE:HAL). The price target seems to have been set at $50.00 for Halliburton. In the third quarter, Halliburton showed an EPS of $0.60, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $43.99 and a 52-week-low of $23.30. At the end of the last trading period, Halliburton closed at $40.60.
With a Buy rating, Benchmark initiated coverage on Noble Corp PLC (NYSE:NE). The price target seems to have been set at $50.00 for Noble Corp. Noble Corp earned $0.50 in the third quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.08 and a 52-week-low of $22.64. Noble Corp closed at $39.72 at the end of the last trading period.
Benchmark initiated coverage on SLB (NYSE:SLB) with a Buy rating. The price target for SLB is set to $65.00. In the third quarter, SLB showed an EPS of $0.63, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.45 and a 52-week-low of $30.65. SLB closed at $57.13 at the end of the last trading period.
For Nabors Industries Ltd (NYSE:NBR), Benchmark initiated coverage, by setting the current rating at Hold. In the third quarter, Nabors Industries showed an EPS of $1.80, compared to $14.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $207.67 and a 52-week-low of $91.58. Nabors Industries closed at $170.27 at the end of the last trading period.
Benchmark initiated coverage on Inflection Point Acquisition Corp (NASDAQ:IPAX) with a Buy rating. The price target for Inflection Point Acq is set to $14.00.
With an Overweight rating, Morgan Stanley initiated coverage on Alpine Immune Sciences Inc (NASDAQ:ALPN). The price target seems to have been set at $17.00 for Alpine Immune Sciences. Alpine Immune Sciences earned $0.42 in the third quarter, compared to $0.55 in the year-ago quarter. The current stock performance of Alpine Immune Sciences shows a 52-week-high of $10.47 and a 52-week-low of $4.82. Moreover, at the end of the last trading period, the closing price was at $8.11.
Piper Sandler initiated coverage on Karyopharm Therapeutics Inc (NASDAQ:KPTI) with an Overweight rating. The price target for Karyopharm Therapeutics is set to $8.00. For the third quarter, Karyopharm Therapeutics had an EPS of $0.45, compared to year-ago quarter EPS of $0.69. The current stock performance of Karyopharm Therapeutics shows a 52-week-high of $14.73 and a 52-week-low of $2.45. Moreover, at the end of the last trading period, the closing price was at $3.07.
With an Overweight rating, Wells Fargo initiated coverage on CF Industries Holdings Inc (NYSE:CF). The price target seems to have been set at $110.00 for CF Industries Holdings. CF Industries Holdings earned $2.29 in the third quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $119.60 and a 52-week-low of $63.10. CF Industries Holdings closed at $84.63 at the end of the last trading period.
Wells Fargo initiated coverage on Corteva Inc (NYSE:CTVA) with an Overweight rating. The price target for Corteva is set to $78.00. For the third quarter, Corteva had an EPS of $0.12, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $68.43 and a 52-week-low of $43.74. At the end of the last trading period, Corteva closed at $61.51.
Wells Fargo initiated coverage on The Mosaic Co (NYSE:MOS) with a Equal-Weight rating. The price target for Mosaic is set to $47.00. Mosaic earned $3.22 in the third quarter, compared to $1.35 in the year-ago quarter. The stock has a 52-week-high of $79.28 and a 52-week-low of $37.08. At the end of the last trading period, Mosaic closed at $47.06.
With a Equal-Weight rating, Wells Fargo initiated coverage on Nutrien Ltd (NYSE:NTR). The price target seems to have been set at $80.00 for Nutrien. For the third quarter, Nutrien had an EPS of $2.51, compared to year-ago quarter EPS of $1.38. The stock has a 52-week-high of $117.25 and a 52-week-low of $67.41. At the end of the last trading period, Nutrien closed at $77.35.
Oppenheimer initiated coverage on Toll Brothers Inc (NYSE:TOL) with an Outperform rating. The price target for Toll Brothers is set to $71.00. For the fourth quarter, Toll Brothers had an EPS of $4.70, compared to year-ago quarter EPS of $3.02. At the moment, the stock has a 52-week-high of $65.61 and a 52-week-low of $39.53. Toll Brothers closed at $56.30 at the end of the last trading period.
For Tri Pointe Homes Inc (NYSE:TPH), Oppenheimer initiated coverage, by setting the current rating at Perform. In the third quarter, Tri Pointe Homes showed an EPS of $1.45, compared to $1.17 from the year-ago quarter. The current stock performance of Tri Pointe Homes shows a 52-week-high of $25.88 and a 52-week-low of $14.59. Moreover, at the end of the last trading period, the closing price was at $20.46.
Oppenheimer initiated coverage on D.R. Horton Inc (NYSE:DHI) with a Perform rating. For the fourth quarter, D.R. Horton had an EPS of $4.67, compared to year-ago quarter EPS of $3.70. The current stock performance of D.R. Horton shows a 52-week-high of $97.47 and a 52-week-low of $59.25. Moreover, at the end of the last trading period, the closing price was at $94.71.
With an Outperform rating, Oppenheimer initiated coverage on PulteGroup Inc (NYSE:PHM). The price target seems to have been set at $64.00 for PulteGroup. PulteGroup earned $2.69 in the third quarter, compared to $1.82 in the year-ago quarter. The stock has a 52-week-high of $56.32 and a 52-week-low of $35.03. At the end of the last trading period, PulteGroup closed at $50.97.