Benzinga's Top Ratings Upgrades, Downgrades For March 24, 2023
Upgrades
Argus Research upgraded the previous rating for Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) from Hold to Buy. For the second quarter, Cracker Barrel Old had an EPS of $1.48, compared to year-ago quarter EPS of $1.71. At the moment, the stock has a 52-week-high of $126.26 and a 52-week-low of $81.92. Cracker Barrel Old closed at $112.41 at the end of the last trading period.
JP Morgan upgraded the previous rating for KB Home (NYSE:KBH) from Underweight to Neutral. KB Home earned $1.45 in the first quarter, compared to $1.47 in the year-ago quarter. The current stock performance of KB Home shows a 52-week-high of $40.92 and a 52-week-low of $24.79. Moreover, at the end of the last trading period, the closing price was at $39.57.
For Genuine Parts Co (NYSE:GPC), Truist Securities upgraded the previous rating of Hold to Buy. Genuine Parts earned $2.05 in the fourth quarter, compared to $1.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $187.61 and a 52-week-low of $125.28. Genuine Parts closed at $154.29 at the end of the last trading period.
For First Horizon Corp (NYSE:FHN), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. First Horizon earned $0.51 in the fourth quarter, compared to $0.48 in the year-ago quarter. The current stock performance of First Horizon shows a 52-week-high of $24.90 and a 52-week-low of $13.40. Moreover, at the end of the last trading period, the closing price was at $15.78.
For Healthcare Services Group Inc (NASDAQ:HCSG), Jefferies upgraded the previous rating of Underperform to Hold. In the fourth quarter, Healthcare Services Group showed an EPS of $0.22, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $20.54 and a 52-week-low of $11.55. At the end of the last trading period, Healthcare Services Group closed at $12.37.
Jefferies upgraded the previous rating for Regeneron Pharmaceuticals Inc (NASDAQ:REGN) from Hold to Buy. For the fourth quarter, Regeneron Pharmaceuticals had an EPS of $12.56, compared to year-ago quarter EPS of $23.42. At the moment, the stock has a 52-week-high of $812.69 and a 52-week-low of $538.27. Regeneron Pharmaceuticals closed at $802.16 at the end of the last trading period.
Needham upgraded the previous rating for Axonics Inc (NASDAQ:AXNX) from Hold to Buy. Axonics earned $0.01 in the fourth quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.88 and a 52-week-low of $38.42. Axonics closed at $55.30 at the end of the last trading period.
For Regeneron Pharmaceuticals Inc (NASDAQ:REGN), Raymond James upgraded the previous rating of Underperform to Market Perform. In the fourth quarter, Regeneron Pharmaceuticals showed an EPS of $12.56, compared to $23.42 from the year-ago quarter. At the moment, the stock has a 52-week-high of $812.69 and a 52-week-low of $538.27. Regeneron Pharmaceuticals closed at $802.16 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
For Ouster Inc (NYSE:OUST), Chardan Capital downgraded the previous rating of Buy to Neutral. For the fourth quarter, Ouster had an EPS of $0.23, compared to year-ago quarter EPS of $0.17. The current stock performance of Ouster shows a 52-week-high of $5.00 and a 52-week-low of $0.77. Moreover, at the end of the last trading period, the closing price was at $0.90.
Bernstein downgraded the previous rating for XPeng Inc (NYSE:XPEV) from Outperform to Market Perform. XPeng earned $0.37 in the fourth quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $35.35 and a 52-week-low of $6.18. At the end of the last trading period, XPeng closed at $9.91.
For Crane Holdings Co (NYSE:CR), UBS downgraded the previous rating of Buy to Neutral. Crane Holdings earned $2.13 in the fourth quarter, compared to $1.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $123.78 and a 52-week-low of $82.14. Crane Holdings closed at $109.08 at the end of the last trading period.
Berenberg downgraded the previous rating for Seagen Inc (NASDAQ:SGEN) from Buy to Hold. Seagen earned $0.80 in the fourth quarter, compared to $0.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $202.86 and a 52-week-low of $105.50. Seagen closed at $198.10 at the end of the last trading period.
According to Truist Securities, the prior rating for Qualtrics International Inc (NASDAQ:XM) was changed from Buy to Hold. Qualtrics International earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $30.28 and a 52-week-low of $9.32. At the end of the last trading period, Qualtrics International closed at $17.67.
For Coinbase Global Inc (NASDAQ:COIN), TD Cowen downgraded the previous rating of Market Perform to Underperform. In the fourth quarter, Coinbase Glb showed an EPS of $2.46, compared to $3.32 from the year-ago quarter. The current stock performance of Coinbase Glb shows a 52-week-high of $206.78 and a 52-week-low of $31.55. Moreover, at the end of the last trading period, the closing price was at $66.30.
For TCR2 Therapeutics Inc (NASDAQ:TCRR), Mizuho downgraded the previous rating of Buy to Neutral. TCR2 Therapeutics earned $1.56 in the fourth quarter, compared to $0.72 in the year-ago quarter. The current stock performance of TCR2 Therapeutics shows a 52-week-high of $3.87 and a 52-week-low of $0.82. Moreover, at the end of the last trading period, the closing price was at $1.42.
For Block Inc (NYSE:SQ), Atlantic Equities downgraded the previous rating of Overweight to Neutral. Block earned $0.22 in the fourth quarter, compared to $0.27 in the year-ago quarter. The current stock performance of Block shows a 52-week-high of $148.99 and a 52-week-low of $51.34. Moreover, at the end of the last trading period, the closing price was at $61.88.
See all analyst ratings downgrades.
Initiations
William Blair initiated coverage on MDxHealth SA (NASDAQ:MDXH) with an Outperform rating.
With a Buy rating, Lake Street initiated coverage on Vital Farms Inc (NASDAQ:VITL). The price target seems to have been set at $22.00 for Vital Farms. Vital Farms earned $0.04 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Vital Farms shows a 52-week-high of $18.18 and a 52-week-low of $7.91. Moreover, at the end of the last trading period, the closing price was at $14.09.
JMP Securities initiated coverage on Farfetch Ltd (NYSE:FTCH) with a Market Perform rating. For the fourth quarter, Farfetch had an EPS of $0.25, compared to year-ago quarter EPS of $0.03. The current stock performance of Farfetch shows a 52-week-high of $17.72 and a 52-week-low of $3.64. Moreover, at the end of the last trading period, the closing price was at $4.67.
With an Outperform rating, Oppenheimer initiated coverage on CalciMedica Inc (NASDAQ:CALC). The price target seems to have been set at $14.00 for CalciMedica. The current stock performance of CalciMedica shows a 52-week-high of $7.10 and a 52-week-low of $4.88. Moreover, at the end of the last trading period, the closing price was at $5.66.
With an Outperform rating, RBC Capital initiated coverage on Legend Biotech Corp (NASDAQ:LEGN). The price target seems to have been set at $73.00 for Legend Biotech. In the first quarter, Legend Biotech showed an EPS of $0.24, compared to $0.30 from the year-ago quarter. The current stock performance of Legend Biotech shows a 52-week-high of $57.72 and a 52-week-low of $33.05. Moreover, at the end of the last trading period, the closing price was at $43.82.
With an Outperform rating, RBC Capital initiated coverage on Societal CDMO Inc (NASDAQ:SCTL). The price target seems to have been set at $2.00 for Societal CDMO. Societal CDMO earned $0.07 in the fourth quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $2.00 and a 52-week-low of $0.62. At the end of the last trading period, Societal CDMO closed at $1.10.
With a Buy rating, Rosenblatt initiated coverage on RingCentral Inc (NYSE:RNG). The price target seems to have been set at $35.00 for RingCentral. In the fourth quarter, RingCentral showed an EPS of $0.60, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $128.33 and a 52-week-low of $27.01. RingCentral closed at $27.24 at the end of the last trading period.
Rosenblatt initiated coverage on 8x8 Inc (NASDAQ:EGHT) with a Buy rating. The price target for 8x8 is set to $6.00. For the third quarter, 8x8 had an EPS of $0.07, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $13.46 and a 52-week-low of $2.88. 8x8 closed at $3.90 at the end of the last trading period.
Rosenblatt initiated coverage on Zoom Video Communications Inc (NASDAQ:ZM) with a Neutral rating. The price target for Zoom Video Comms is set to $75.00. In the fourth quarter, Zoom Video Comms showed an EPS of $1.22, compared to $1.29 from the year-ago quarter. The current stock performance of Zoom Video Comms shows a 52-week-high of $127.36 and a 52-week-low of $63.56. Moreover, at the end of the last trading period, the closing price was at $69.19.
With a Buy rating, Rosenblatt initiated coverage on Five9 Inc (NASDAQ:FIVN). The price target seems to have been set at $85.00 for Five9. For the fourth quarter, Five9 had an EPS of $0.54, compared to year-ago quarter EPS of $0.42. The current stock performance of Five9 shows a 52-week-high of $121.00 and a 52-week-low of $46.63. Moreover, at the end of the last trading period, the closing price was at $62.66.
