Benzinga's Top Ratings Upgrades, Downgrades For March 15, 2023
Upgrades
According to B of A Securities, the prior rating for WR Berkley Corp (NYSE:WRB) was changed from Neutral to Buy. In the fourth quarter, WR Berkley showed an EPS of $1.16, compared to $1.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $76.92 and a 52-week-low of $59.98. WR Berkley closed at $61.18 at the end of the last trading period.
According to Sidoti & Co., the prior rating for Universal Electronics Inc (NASDAQ:UEIC) was changed from Neutral to Buy. Universal Electronics earned $0.44 in the fourth quarter, compared to $0.68 in the year-ago quarter. The current stock performance of Universal Electronics shows a 52-week-high of $34.35 and a 52-week-low of $8.76. Moreover, at the end of the last trading period, the closing price was at $9.56.
B of A Securities upgraded the previous rating for Discover Financial Services (NYSE:DFS) from Underperform to Neutral. Discover Finl earned $3.77 in the fourth quarter, compared to $3.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $121.14 and a 52-week-low of $87.65. Discover Finl closed at $101.44 at the end of the last trading period.
For FTC Solar Inc (NASDAQ:FTCI), B of A Securities upgraded the previous rating of Underperform to Buy. In the fourth quarter, FTC Solar showed an EPS of $0.11, compared to $0.17 from the year-ago quarter. The stock has a 52-week-high of $6.82 and a 52-week-low of $1.78. At the end of the last trading period, FTC Solar closed at $2.43.
According to Morgan Stanley, the prior rating for Azul SA (NYSE:AZUL) was changed from Underweight to Equal-Weight. Azul earned $0.83 in the fourth quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $16.89 and a 52-week-low of $3.82. At the end of the last trading period, Azul closed at $7.29.
Citigroup upgraded the previous rating for ExlService Holdings Inc (NASDAQ:EXLS) from Sell to Neutral. ExlService Holdings earned $1.56 in the fourth quarter, compared to $1.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $191.18 and a 52-week-low of $124.54. ExlService Holdings closed at $154.72 at the end of the last trading period.
According to Scotiabank, the prior rating for Canadian Pacific Railway Ltd (NYSE:CP) was changed from Sector Perform to Sector Outperform. Canadian Pacific Railway earned $0.85 in the fourth quarter, compared to $0.75 in the year-ago quarter. At the moment, the stock has a 52-week-high of $84.22 and a 52-week-low of $65.22. Canadian Pacific Railway closed at $72.98 at the end of the last trading period.
UBS upgraded the previous rating for Jack Henry & Associates Inc (NASDAQ:JKHY) from Neutral to Buy. Jack Henry & Associates earned $1.10 in the second quarter, compared to $1.30 in the year-ago quarter. The current stock performance of Jack Henry & Associates shows a 52-week-high of $212.40 and a 52-week-low of $139.28. Moreover, at the end of the last trading period, the closing price was at $141.79.
Citigroup upgraded the previous rating for Truist Financial Corp (NYSE:TFC) from Neutral to Buy. Truist Finl earned $1.30 in the fourth quarter, compared to $1.38 in the year-ago quarter. The current stock performance of Truist Finl shows a 52-week-high of $61.00 and a 52-week-low of $30.51. Moreover, at the end of the last trading period, the closing price was at $31.88.
For Baker Hughes Co (NASDAQ:BKR), JP Morgan upgraded the previous rating of Neutral to Overweight. In the fourth quarter, Baker Hughes showed an EPS of $0.38, compared to $0.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.77 and a 52-week-low of $20.41. Baker Hughes closed at $28.36 at the end of the last trading period.
For Apartment Income REIT Corp (NYSE:AIRC), BMO Capital upgraded the previous rating of Underperform to Market Perform. In the fourth quarter, Apartment Income REIT showed an EPS of $0.59, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $55.82 and a 52-week-low of $33.57. At the end of the last trading period, Apartment Income REIT closed at $35.95.
For Harley-Davidson Inc (NYSE:HOG), Jefferies upgraded the previous rating of Underperform to Hold. For the fourth quarter, Harley-Davidson had an EPS of $0.28, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $51.77 and a 52-week-low of $29.82. Harley-Davidson closed at $39.37 at the end of the last trading period.
For Varonis Systems Inc (NASDAQ:VRNS), Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. Varonis Systems earned $0.21 in the fourth quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Varonis Systems shows a 52-week-high of $51.60 and a 52-week-low of $15.61. Moreover, at the end of the last trading period, the closing price was at $25.50.
JP Morgan upgraded the previous rating for Hamilton Lane Inc (NASDAQ:HLNE) from Neutral to Overweight. For the third quarter, Hamilton Lane had an EPS of $0.43, compared to year-ago quarter EPS of $1.27. At the moment, the stock has a 52-week-high of $81.23 and a 52-week-low of $56.08. Hamilton Lane closed at $65.63 at the end of the last trading period.
According to Citigroup, the prior rating for Unum Group (NYSE:UNM) was changed from Neutral to Buy. For the fourth quarter, Unum Gr had an EPS of $1.43, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $46.61 and a 52-week-low of $27.36. Unum Gr closed at $39.85 at the end of the last trading period.
According to Citigroup, the prior rating for Reinsurance Group of America Inc (NYSE:RGA) was changed from Sell to Buy. For the fourth quarter, Reinsurance Gr had an EPS of $2.99, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $153.35 and a 52-week-low of $99.81. At the end of the last trading period, Reinsurance Gr closed at $130.22.
For Charles Schwab Corp (NYSE:SCHW), Credit Suisse upgraded the previous rating of Neutral to Outperform. For the fourth quarter, Charles Schwab had an EPS of $1.07, compared to year-ago quarter EPS of $0.86. The current stock performance of Charles Schwab shows a 52-week-high of $93.14 and a 52-week-low of $45.00. Moreover, at the end of the last trading period, the closing price was at $56.68.
See all analyst ratings upgrades.
Downgrades
According to TD Cowen, the prior rating for Oak Street Health Inc (NYSE:OSH) was changed from Outperform to Market Perform. For the fourth quarter, Oak Street Health had an EPS of $0.56, compared to year-ago quarter EPS of $0.62. The stock has a 52-week-high of $35.65 and a 52-week-low of $13.35. At the end of the last trading period, Oak Street Health closed at $35.24.
For Decibel Therapeutics Inc (NASDAQ:DBTX), SVB Leerink downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Decibel Therapeutics showed an EPS of $0.63, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of $5.73 and a 52-week-low of $1.61. At the end of the last trading period, Decibel Therapeutics closed at $4.08.
Compass Point downgraded the previous rating for Acushnet Holdings Corp (NYSE:GOLF) from Buy to Neutral. Acushnet Hldgs earned $0.00 in the fourth quarter, compared to $0.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.11 and a 52-week-low of $37.48. Acushnet Hldgs closed at $49.59 at the end of the last trading period.
According to Argus Research, the prior rating for Norfolk Southern Corp (NYSE:NSC) was changed from Buy to Hold. In the fourth quarter, Norfolk Southern showed an EPS of $3.42, compared to $3.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $291.38 and a 52-week-low of $203.77. Norfolk Southern closed at $208.08 at the end of the last trading period.
According to Northland Capital Markets, the prior rating for Luna Innovations Inc (NASDAQ:LUNA) was changed from Outperform to Market Perform. For the fourth quarter, Luna Innovations had an EPS of $0.08, compared to year-ago quarter EPS of $0.08. The current stock performance of Luna Innovations shows a 52-week-high of $10.97 and a 52-week-low of $4.07. Moreover, at the end of the last trading period, the closing price was at $9.57.
Citigroup downgraded the previous rating for Steel Dynamics Inc (NASDAQ:STLD) from Buy to Neutral. Steel Dynamics earned $4.37 in the fourth quarter, compared to $5.78 in the year-ago quarter. The stock has a 52-week-high of $136.46 and a 52-week-low of $62.44. At the end of the last trading period, Steel Dynamics closed at $116.29.
According to William Blair, the prior rating for American Public Education Inc (NASDAQ:APEI) was changed from Outperform to Market Perform. American Public Education earned $0.35 in the fourth quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $23.99 and a 52-week-low of $7.83. At the end of the last trading period, American Public Education closed at $9.26.
For Porch Group Inc (NASDAQ:PRCH), Loop Capital downgraded the previous rating of Buy to Hold. Porch Group earned $0.32 in the fourth quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Porch Group shows a 52-week-high of $8.33 and a 52-week-low of $0.94. Moreover, at the end of the last trading period, the closing price was at $1.70.
Oppenheimer downgraded the previous rating for Vacasa Inc (NASDAQ:VCSA) from Outperform to Perform. In the fourth quarter, Vacasa showed an EPS of $0.34, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $9.33 and a 52-week-low of $1.08. At the end of the last trading period, Vacasa closed at $1.31.
HC Wainwright & Co. downgraded the previous rating for Provention Bio Inc (NASDAQ:PRVB) from Buy to Neutral. For the third quarter, Provention Bio had an EPS of $0.34, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $24.23 and a 52-week-low of $3.20. Provention Bio closed at $23.97 at the end of the last trading period.
According to Piper Sandler, the prior rating for Traeger Inc (NYSE:COOK) was changed from Overweight to Neutral. In the third quarter, Traeger showed an EPS of $0.21, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.91 and a 52-week-low of $2.48. Traeger closed at $3.77 at the end of the last trading period.
According to Canaccord Genuity, the prior rating for Q2 Holdings Inc (NYSE:QTWO) was changed from Buy to Hold. In the fourth quarter, Q2 Holdings showed an EPS of $0.06, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $65.61 and a 52-week-low of $18.91. Q2 Holdings closed at $23.99 at the end of the last trading period.
According to Morgan Stanley, the prior rating for Seagen Inc (NASDAQ:SGEN) was changed from Overweight to Equal-Weight. For the fourth quarter, Seagen had an EPS of $0.80, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $202.86 and a 52-week-low of $105.50. Seagen closed at $199.84 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
Jefferies initiated coverage on Vitesse Energy Inc (NYSE:VTS) with a Buy rating. The price target for Vitesse Energy is set to $23.00. NoneAt the moment, the stock has a 52-week-high of $20.99 and a 52-week-low of $13.90. Vitesse Energy closed at $17.38 at the end of the last trading period.
JP Morgan initiated coverage on SS&C Technologies Holdings Inc (NASDAQ:SSNC) with an Overweight rating. The price target for SS&C Techs Hldgs is set to $68.00. In the fourth quarter, SS&C Techs Hldgs showed an EPS of $1.16, compared to $1.28 from the year-ago quarter. The current stock performance of SS&C Techs Hldgs shows a 52-week-high of $79.03 and a 52-week-low of $45.29. Moreover, at the end of the last trading period, the closing price was at $54.88.
JP Morgan initiated coverage on Enfusion Inc (NYSE:ENFN) with a Neutral rating. The price target for Enfusion is set to $12.00. In the fourth quarter, Enfusion showed an EPS of $0.01, compared to $0.01 from the year-ago quarter. The current stock performance of Enfusion shows a 52-week-high of $16.52 and a 52-week-low of $7.86. Moreover, at the end of the last trading period, the closing price was at $11.19.
With a Buy rating, Needham initiated coverage on ShockWave Medical Inc (NASDAQ:SWAV). The price target seems to have been set at $240.00 for ShockWave Medical. ShockWave Medical earned $3.71 in the fourth quarter, compared to $0.34 in the year-ago quarter. The current stock performance of ShockWave Medical shows a 52-week-high of $320.00 and a 52-week-low of $113.53. Moreover, at the end of the last trading period, the closing price was at $201.05.
Stifel initiated coverage on Movella Holdings Inc (NASDAQ:MVLA) with a Buy rating. The price target for Movella Holdings is set to $7.00. The current stock performance of Movella Holdings shows a 52-week-high of $9.35 and a 52-week-low of $1.61. Moreover, at the end of the last trading period, the closing price was at $1.69.
With a Neutral rating, DA Davidson initiated coverage on Amplitude Inc (NASDAQ:AMPL). The price target seems to have been set at $13.00 for Amplitude. Amplitude earned $0.03 in the fourth quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.41 and a 52-week-low of $10.51. Amplitude closed at $12.28 at the end of the last trading period.
