Benzinga's Top Ratings Upgrades, Downgrades For March 2, 2023

Upgrades

According to Mizuho, the prior rating for DT Midstream Inc (NYSE:DTM) was changed from Neutral to Buy. In the fourth quarter, DT Midstream showed an EPS of $0.93, compared to $0.89 from the year-ago quarter. The stock has a 52-week-high of $61.12 and a 52-week-low of $45.58. At the end of the last trading period, DT Midstream closed at $50.23.

For iQIYI Inc (NASDAQ:IQ), B of A Securities upgraded the previous rating of Neutral to Buy. In the fourth quarter, iQIYI showed an EPS of $0.14, compared to $0.35 from the year-ago quarter. The stock has a 52-week-high of $7.99 and a 52-week-low of $1.65. At the end of the last trading period, iQIYI closed at $6.85.

For Bank of Marin Bancorp (NASDAQ:BMRC), Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. Bank of Marin earned $0.81 in the fourth quarter, compared to $0.66 in the year-ago quarter. The current stock performance of Bank of Marin shows a 52-week-high of $36.78 and a 52-week-low of $28.94. Moreover, at the end of the last trading period, the closing price was at $29.29.

For Sasol Ltd (NYSE:SSL), RBC Capital upgraded the previous rating of Sector Perform to Outperform. The current stock performance of Sasol shows a 52-week-high of $28.36 and a 52-week-low of $14.32. Moreover, at the end of the last trading period, the closing price was at $15.03.

For Sandstorm Gold Ltd (NYSE:SAND), RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the fourth quarter, Sandstorm Gold showed an EPS of $0.01, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $9.18 and a 52-week-low of $4.51. At the end of the last trading period, Sandstorm Gold closed at $5.03.

For Salesforce Inc (NYSE:CRM), Needham upgraded the previous rating of Hold to Buy. In the fourth quarter, Salesforce showed an EPS of $1.68, compared to $0.84 from the year-ago quarter. At the moment, the stock has a 52-week-high of $222.16 and a 52-week-low of $126.34. Salesforce closed at $167.35 at the end of the last trading period.

Keefe, Bruyette & Woods upgraded the previous rating for UWM Holdings Corp (NYSE:UWMC) from Underperform to Market Perform. For the fourth quarter, UWM Hldgs had an EPS of $0.03, compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $4.95 and a 52-week-low of $2.84. At the end of the last trading period, UWM Hldgs closed at $4.60.

For PDD Holdings Inc (NASDAQ:PDD), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, PDD Holdings showed an EPS of $1.21, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $106.38 and a 52-week-low of $23.21. PDD Holdings closed at $91.04 at the end of the last trading period.

According to Atlantic Equities, the prior rating for MarketAxess Holdings Inc (NASDAQ:MKTX) was changed from Neutral to Overweight. MarketAxess Holdings earned $1.58 in the fourth quarter, compared to $1.37 in the year-ago quarter. The current stock performance of MarketAxess Holdings shows a 52-week-high of $390.12 and a 52-week-low of $217.44. Moreover, at the end of the last trading period, the closing price was at $347.27.

See all analyst ratings upgrades.

Downgrades

For HF Sinclair Corp (NYSE:DINO), TD Cowen downgraded the previous rating of Outperform to Market Perform. For the fourth quarter, HF Sinclair had an EPS of $2.97, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $66.19 and a 52-week-low of $34.17. HF Sinclair closed at $51.51 at the end of the last trading period.

For Myers Industries Inc (NYSE:MYE), TD Cowen downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Myers Indus showed an EPS of $0.32, compared to $0.23 from the year-ago quarter. The current stock performance of Myers Indus shows a 52-week-high of $26.49 and a 52-week-low of $15.82. Moreover, at the end of the last trading period, the closing price was at $21.87.

Barrington Research downgraded the previous rating for TTEC Holdings Inc (NASDAQ:TTEC) from Outperform to Market Perform. TTEC Holdings earned $0.89 in the fourth quarter, compared to $1.08 in the year-ago quarter. The stock has a 52-week-high of $88.48 and a 52-week-low of $39.50. At the end of the last trading period, TTEC Holdings closed at $40.41.

For NIO Inc (NYSE:NIO), Barclays downgraded the previous rating of Overweight to Equal-Weight. For the fourth quarter, NIO had an EPS of $0.44, compared to year-ago quarter EPS of $0.16. The current stock performance of NIO shows a 52-week-high of $24.43 and a 52-week-low of $8.38. Moreover, at the end of the last trading period, the closing price was at $8.83.

According to Odeon Capital, the prior rating for Capital One Financial Corp (NYSE:COF) was changed from Hold to Sell. For the fourth quarter, Capital One Finl had an EPS of $2.82, compared to year-ago quarter EPS of $5.41. The stock has a 52-week-high of $152.49 and a 52-week-low of $86.98. At the end of the last trading period, Capital One Finl closed at $108.58.

For Baytex Energy Corp (NYSE:BTE), Raymond James downgraded the previous rating of Outperform to Market Perform. The current stock performance of Baytex Energy shows a 52-week-high of $4.40 and a 52-week-low of $3.86. Moreover, at the end of the last trading period, the closing price was at $3.96.

For Focus Financial Partners Inc (NASDAQ:FOCS), Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. For the fourth quarter, Focus Finl Partners had an EPS of $0.99, compared to year-ago quarter EPS of $0.94. At the moment, the stock has a 52-week-high of $52.62 and a 52-week-low of $30.27. Focus Finl Partners closed at $51.80 at the end of the last trading period.

For Silvergate Capital Corp (NYSE:SI), JP Morgan downgraded the previous rating of Neutral to Underweight. Silvergate Capital earned $0.48 in the fourth quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $162.65 and a 52-week-low of $10.81. At the end of the last trading period, Silvergate Capital closed at $13.53.

Raymond James downgraded the previous rating for ON Semiconductor Corp (NASDAQ:ON) from Outperform to Market Perform. ON Semiconductor earned $1.32 in the fourth quarter, compared to $1.09 in the year-ago quarter. The stock has a 52-week-high of $87.55 and a 52-week-low of $44.76. At the end of the last trading period, ON Semiconductor closed at $78.23.

For Stellus Capital Investment Corp (NYSE:SCM), Raymond James downgraded the previous rating of Outperform to Market Perform. Stellus Cap Investment earned $0.44 in the fourth quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.08 and a 52-week-low of $11.02. Stellus Cap Investment closed at $15.57 at the end of the last trading period.

According to JP Morgan, the prior rating for Axon Enterprise Inc (NASDAQ:AXON) was changed from Overweight to Neutral. In the fourth quarter, Axon Enterprise showed an EPS of $0.70, compared to $0.46 from the year-ago quarter. The current stock performance of Axon Enterprise shows a 52-week-high of $221.31 and a 52-week-low of $82.49. Moreover, at the end of the last trading period, the closing price was at $221.06.

According to JP Morgan, the prior rating for Dollar Tree Inc (NASDAQ:DLTR) was changed from Overweight to Neutral. Dollar Tree earned $2.04 in the fourth quarter, compared to $2.01 in 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 $148.12.

For Montrose Environmental Group Inc (NYSE:MEG), JP Morgan downgraded the previous rating of Overweight to Neutral. For the fourth quarter, Montrose Environmental Gr had an EPS of $0.07, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $57.49 and a 52-week-low of $28.36. At the end of the last trading period, Montrose Environmental Gr closed at $43.45.

According to Canaccord Genuity, the prior rating for Silvergate Capital Corp (NYSE:SI) was changed from Buy to Hold. Silvergate Capital earned $0.48 in the fourth quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $162.65 and a 52-week-low of $10.81. At the end of the last trading period, Silvergate Capital closed at $13.53.

For Xometry Inc (NASDAQ:XMTR), JP Morgan downgraded the previous rating of Overweight to Neutral. In the fourth quarter, Xometry showed an EPS of $0.29, compared to $0.53 from the year-ago quarter. The current stock performance of Xometry shows a 52-week-high of $64.35 and a 52-week-low of $17.02. Moreover, at the end of the last trading period, the closing price was at $18.40.

According to RBC Capital, the prior rating for Xometry Inc (NASDAQ:XMTR) was changed from Outperform to Sector Perform. Xometry earned $0.29 in the fourth quarter, compared to $0.53 in the year-ago quarter. The stock has a 52-week-high of $64.35 and a 52-week-low of $17.02. At the end of the last trading period, Xometry closed at $18.40.

For NIO Inc (NYSE:NIO), JP Morgan downgraded the previous rating of Overweight to Neutral. In the fourth quarter, NIO showed an EPS of $0.44, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.43 and a 52-week-low of $8.38. NIO closed at $8.83 at the end of the last trading period.

According to B of A Securities, the prior rating for Woori Financial Group Inc (NYSE:WF) was changed from Buy to Neutral. In the third quarter, Woori Financial Group showed an EPS of $2.67, compared to $2.71 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.71 and a 52-week-low of $22.18. Woori Financial Group closed at $28.19 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Sector Outperform rating, Scotiabank initiated coverage on Enphase Energy Inc (NASDAQ:ENPH). The price target seems to have been set at $300.00 for Enphase Energy. Enphase Energy earned $1.51 in the fourth quarter, compared to $0.73 in the year-ago quarter. The current stock performance of Enphase Energy shows a 52-week-high of $339.92 and a 52-week-low of $128.67. Moreover, at the end of the last trading period, the closing price was at $212.95.

Scotiabank initiated coverage on Generac Holdings Inc (NYSE:GNRC) with a Sector Perform rating. The price target for Generac Hldgs is set to $165.00. Generac Hldgs earned $1.78 in the fourth quarter, compared to $2.51 in the year-ago quarter. The stock has a 52-week-high of $329.50 and a 52-week-low of $86.29. At the end of the last trading period, Generac Hldgs closed at $118.24.

With a Sector Perform rating, Scotiabank initiated coverage on SolarEdge Technologies Inc (NASDAQ:SEDG). The price target seems to have been set at $345.00 for SolarEdge Technologies. SolarEdge Technologies earned $2.86 in the fourth quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $375.90 and a 52-week-low of $190.15. SolarEdge Technologies closed at $327.43 at the end of the last trading period.

Scotiabank initiated coverage on Sunnova Energy International Inc (NYSE:NOVA) with a Sector Outperform rating. The price target for Sunnova Energy Intl is set to $28.00. For the fourth quarter, Sunnova Energy Intl had an EPS of $0.18, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $31.47 and a 52-week-low of $12.47. At the end of the last trading period, Sunnova Energy Intl closed at $17.60.

Scotiabank initiated coverage on SunPower Corp (NASDAQ:SPWR) with a Sector Perform rating. The price target for SunPower is set to $20.00. SunPower earned $0.15 in the fourth quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $28.42 and a 52-week-low of $12.78. At the end of the last trading period, SunPower closed at $15.29.

With a Sector Outperform rating, Scotiabank initiated coverage on Enterprise Products Partners LP (NYSE:EPD). The price target seems to have been set at $31.00 for Enterprise Prods Partners. Enterprise Prods Partners earned $0.65 in the fourth quarter, compared to $0.47 in the year-ago quarter. The current stock performance of Enterprise Prods Partners shows a 52-week-high of $28.65 and a 52-week-low of $22.90. Moreover, at the end of the last trading period, the closing price was at $25.62.

With a Sector Perform rating, Scotiabank initiated coverage on Kinder Morgan Inc (NYSE:KMI). The price target seems to have been set at $20.00 for Kinder Morgan. In the fourth quarter, Kinder Morgan showed an EPS of $0.31, compared to $0.27 from the year-ago quarter. The current stock performance of Kinder Morgan shows a 52-week-high of $20.20 and a 52-week-low of $15.78. Moreover, at the end of the last trading period, the closing price was at $17.26.

With a Sector Perform rating, Scotiabank initiated coverage on Kinetik Holdings Inc (NYSE:KNTK). The price target seems to have been set at $34.00 for Kinetik Holdings. The current stock performance of Kinetik Holdings shows a 52-week-high of $87.70 and a 52-week-low of $27.80. Moreover, at the end of the last trading period, the closing price was at $29.61.

Scotiabank initiated coverage on ONEOK Inc (NYSE:OKE) with a Sector Perform rating. The price target for ONEOK is set to $74.00. In the fourth quarter, ONEOK showed an EPS of $1.08, compared to $0.85 from the year-ago quarter. The current stock performance of ONEOK shows a 52-week-high of $75.07 and a 52-week-low of $50.50. Moreover, at the end of the last trading period, the closing price was at $66.16.

With a Hold rating, Truist Securities initiated coverage on Columbia Banking System Inc (NASDAQ:COLB). The price target seems to have been set at $33.00 for Columbia Banking System. In the fourth quarter, Columbia Banking System showed an EPS of $0.88, compared to $0.55 from the year-ago quarter. The stock has a 52-week-high of $36.68 and a 52-week-low of $26.97. At the end of the last trading period, Columbia Banking System closed at $29.95.

Small Cap Consumer Research initiated coverage on Regis Corp (NYSE:RGS) with a Buy rating. The price target for Regis is set to $2.00. In the second quarter, Regis showed an EPS of $0.06, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.34 and a 52-week-low of $0.50. Regis closed at $1.43 at the end of the last trading period.

With a Sector Outperform rating, Scotiabank initiated coverage on Array Technologies Inc (NASDAQ:ARRY). The price target seems to have been set at $26.00 for Array Technologies. In the third quarter, Array Technologies showed an EPS of $0.18, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $24.59 and a 52-week-low of $5.45. At the end of the last trading period, Array Technologies closed at $18.30.

Scotiabank initiated coverage on Crestwood Equity Partners LP (NYSE:CEQP) with a Sector Outperform rating. The price target for Crestwood Equity Partners is set to $31.00. Crestwood Equity Partners earned $0.26 in the fourth quarter, compared to $0.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.96 and a 52-week-low of $22.88. Crestwood Equity Partners closed at $24.84 at the end of the last trading period.

With an Overweight rating, Barclays initiated coverage on KKR & Co Inc (NYSE:KKR). The price target seems to have been set at $69.00 for KKR & Co. For the fourth quarter, KKR & Co had an EPS of $0.92, compared to year-ago quarter EPS of $1.59. At the moment, the stock has a 52-week-high of $62.29 and a 52-week-low of $41.77. KKR & Co closed at $55.95 at the end of the last trading period.

With an Overweight rating, Barclays initiated coverage on The Carlyle Group Inc (NASDAQ:CG). The price target seems to have been set at $41.00 for Carlyle Group. For the fourth quarter, Carlyle Group had an EPS of $1.01, compared to year-ago quarter EPS of $2.01. The stock has a 52-week-high of $50.40 and a 52-week-low of $24.59. At the end of the last trading period, Carlyle Group closed at $34.42.

With a Buy rating, Roth Capital initiated coverage on Getaround Inc (NYSE:GETR). The price target seems to have been set at $1.50 for Getaround. The current stock performance of Getaround shows a 52-week-high of $3.29 and a 52-week-low of $0.41. Moreover, at the end of the last trading period, the closing price was at $0.46.

With an Outperform rating, Raymond James initiated coverage on Western Digital Corp (NASDAQ:WDC). The price target seems to have been set at $46.00 for Western Digital. In the second quarter, Western Digital showed an EPS of $0.42, compared to $2.30 from the year-ago quarter. The current stock performance of Western Digital shows a 52-week-high of $63.26 and a 52-week-low of $29.73. Moreover, at the end of the last trading period, the closing price was at $38.12.

Rosenblatt initiated coverage on Stagwell Inc (NASDAQ:STGW) with a Buy rating. The price target for Stagwell is set to $10.00. In the fourth quarter, Stagwell showed an EPS of $0.22, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.29 and a 52-week-low of $4.80. Stagwell closed at $6.79 at the end of the last trading period.

For Lennar Corp (NYSE:LEN), Oppenheimer initiated coverage, by setting the current rating at Perform. For the fourth quarter, Lennar had an EPS of $5.02, compared to year-ago quarter EPS of $4.36. The current stock performance of Lennar shows a 52-week-high of $109.28 and a 52-week-low of $62.54. Moreover, at the end of the last trading period, the closing price was at $95.64.

RBC Capital initiated coverage on Moderna Inc (NASDAQ:MRNA) with an Outperform rating. The price target for Moderna is set to $200.00. In the fourth quarter, Moderna showed an EPS of $3.61, compared to $11.29 from the year-ago quarter. The stock has a 52-week-high of $217.25 and a 52-week-low of $115.03. At the end of the last trading period, Moderna closed at $135.66.

See all analyst ratings initiations.