Benzinga's Top Ratings Upgrades, Downgrades For March 9, 2023
Upgrades
For HNI Corp (NYSE:HNI), Sidoti & Co. upgraded the previous rating of Neutral to Buy. For the fourth quarter, HNI had an EPS of $0.63, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $39.54 and a 52-week-low of $24.61. HNI closed at $26.82 at the end of the last trading period.
According to Credit Suisse, the prior rating for Nuvei Corp (NASDAQ:NVEI) was changed from Neutral to Outperform. In the fourth quarter, Nuvei showed an EPS of $0.47, compared to $0.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.13 and a 52-week-low of $23.71. Nuvei closed at $36.41 at the end of the last trading period.
According to Citigroup, the prior rating for Exact Sciences Corp (NASDAQ:EXAS) was changed from Neutral to Buy. For the fourth quarter, Exact Sciences had an EPS of $0.72, compared to year-ago quarter EPS of $1.28. The current stock performance of Exact Sciences shows a 52-week-high of $76.94 and a 52-week-low of $29.27. Moreover, at the end of the last trading period, the closing price was at $65.00.
For EnLink Midstream LLC (NYSE:ENLC), Citigroup upgraded the previous rating of Neutral to Buy. For the fourth quarter, EnLink Midstream had an EPS of $0.33, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $13.58 and a 52-week-low of $7.77. EnLink Midstream closed at $11.14 at the end of the last trading period.
According to Barclays, the prior rating for Hilton Worldwide Holdings Inc (NYSE:HLT) was changed from Equal-Weight to Overweight. Hilton Worldwide Holdings earned $1.59 in the fourth quarter, compared to $0.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $167.99 and a 52-week-low of $108.41. Hilton Worldwide Holdings closed at $147.44 at the end of the last trading period.
According to B of A Securities, the prior rating for Vertex Inc (NASDAQ:VERX) was changed from Underperform to Neutral. In the fourth quarter, Vertex showed an EPS of $0.08, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.30 and a 52-week-low of $9.44. Vertex closed at $18.57 at the end of the last trading period.
For VICI Properties Inc (NYSE:VICI), Keybanc upgraded the previous rating of Sector Weight to Overweight. VICI Props earned $0.51 in the fourth quarter, compared to $0.44 in the year-ago quarter. The current stock performance of VICI Props shows a 52-week-high of $35.69 and a 52-week-low of $26.42. Moreover, at the end of the last trading period, the closing price was at $33.76.
See all analyst ratings upgrades.
Downgrades
For loanDepot Inc (NYSE:LDI), B of A Securities downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, loanDepot showed an EPS of $0.35, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.47 and a 52-week-low of $1.25. loanDepot closed at $1.89 at the end of the last trading period.
CL King downgraded the previous rating for United Natural Foods Inc (NYSE:UNFI) from Buy to Neutral. For the second quarter, United Natural Foods had an EPS of $0.78, compared to year-ago quarter EPS of $1.13. The stock has a 52-week-high of $49.56 and a 52-week-low of $26.60. At the end of the last trading period, United Natural Foods closed at $29.47.
Benchmark downgraded the previous rating for The Trade Desk Inc (NASDAQ:TTD) from Hold to Sell. Trade Desk earned $0.38 in the fourth quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $76.75 and a 52-week-low of $39.00. Trade Desk closed at $58.22 at the end of the last trading period.
According to William Blair, the prior rating for loanDepot Inc (NYSE:LDI) was changed from Outperform to Market Perform. loanDepot earned $0.35 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of loanDepot shows a 52-week-high of $4.47 and a 52-week-low of $1.25. Moreover, at the end of the last trading period, the closing price was at $1.89.
For Ranger Oil Corp (NASDAQ:ROCC), Truist Securities downgraded the previous rating of Buy to Hold. For the fourth quarter, Ranger Oil had an EPS of $4.95, compared to year-ago quarter EPS of $1.73. At the moment, the stock has a 52-week-high of $53.59 and a 52-week-low of $27.26. Ranger Oil closed at $42.03 at the end of the last trading period.
For Guardant Health Inc (NASDAQ:GH), Citigroup downgraded the previous rating of Buy to Neutral. For the fourth quarter, Guardant Health had an EPS of $1.17, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $77.72 and a 52-week-low of $24.63. At the end of the last trading period, Guardant Health closed at $28.88.
According to Credit Suisse, the prior rating for Fortune Brands Innovations Inc (NYSE:FBIN) was changed from Neutral to Underperform. In the fourth quarter, Fortune Brands showed an EPS of $1.07, compared to $0.96 from the year-ago quarter. The stock has a 52-week-high of $67.71 and a 52-week-low of $49.51. At the end of the last trading period, Fortune Brands closed at $60.74.
Baird downgraded the previous rating for ABM Industries Inc (NYSE:ABM) from Outperform to Neutral. ABM Indus earned $0.79 in the first quarter, compared to $0.94 in the year-ago quarter. The current stock performance of ABM Indus shows a 52-week-high of $54.00 and a 52-week-low of $37.68. Moreover, at the end of the last trading period, the closing price was at $47.50.
For Highwoods Properties Inc (NYSE:HIW), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Highwoods Props earned $0.96 in the fourth quarter, compared to $1.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.01 and a 52-week-low of $24.51. Highwoods Props closed at $26.21 at the end of the last trading period.
For TCR2 Therapeutics Inc (NASDAQ:TCRR), Jefferies downgraded the previous rating of Buy to Underperform. TCR2 Therapeutics earned $0.79 in the third quarter, compared to $0.69 in the year-ago quarter. The current stock performance of TCR2 Therapeutics shows a 52-week-high of $3.88 and a 52-week-low of $0.82. Moreover, at the end of the last trading period, the closing price was at $1.55.
For Etsy Inc (NASDAQ:ETSY), Jefferies downgraded the previous rating of Buy to Underperform. For the fourth quarter, Etsy had an EPS of $0.77, compared to year-ago quarter EPS of $1.11. The current stock performance of Etsy shows a 52-week-high of $151.50 and a 52-week-low of $67.01. Moreover, at the end of the last trading period, the closing price was at $113.18.
JP Morgan downgraded the previous rating for Qualtrics International Inc (NASDAQ:XM) from Overweight to Neutral. In the fourth quarter, Qualtrics International showed an EPS of $0.03, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $30.95 and a 52-week-low of $9.32. At the end of the last trading period, Qualtrics International closed at $17.24.
For Diversey Holdings Ltd (NASDAQ:DSEY), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the third quarter, Diversey Hldgs showed an EPS of $0.09, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $10.68 and a 52-week-low of $3.95. At the end of the last trading period, Diversey Hldgs closed at $8.18.
Barclays downgraded the previous rating for Hyatt Hotels Corp (NYSE:H) from Overweight to Equal-Weight. Hyatt Hotels earned $2.55 in the fourth quarter, compared to $2.78 in the year-ago quarter. The current stock performance of Hyatt Hotels shows a 52-week-high of $125.07 and a 52-week-low of $70.12. Moreover, at the end of the last trading period, the closing price was at $119.82.
According to Itau BBA, the prior rating for Ternium SA (NYSE:TX) was changed from Outperform to Market Perform. For the fourth quarter, Ternium had an EPS of $0.20, compared to year-ago quarter EPS of $5.08. At the moment, the stock has a 52-week-high of $50.36 and a 52-week-low of $26.01. Ternium closed at $45.02 at the end of the last trading period.
Keybanc downgraded the previous rating for Gaming and Leisure Properties Inc (NASDAQ:GLPI) from Overweight to Sector Weight. For the fourth quarter, Gaming and Leisure Props had an EPS of $0.89, compared to year-ago quarter EPS of $0.85. The current stock performance of Gaming and Leisure Props shows a 52-week-high of $55.13 and a 52-week-low of $41.97. Moreover, at the end of the last trading period, the closing price was at $54.34.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Craig-Hallum initiated coverage on Freightos Ltd (NASDAQ:CRGO). The price target seems to have been set at $10.00 for Freightos. The current stock performance of Freightos shows a 52-week-high of $31.15 and a 52-week-low of $3.95. Moreover, at the end of the last trading period, the closing price was at $4.14.
Needham initiated coverage on Bausch & Lomb Corp (NYSE:BLCO) with a Hold rating. For the fourth quarter, Bausch & Lomb had an EPS of $0.23, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $20.20 and a 52-week-low of $12.20. At the end of the last trading period, Bausch & Lomb closed at $16.74.
BTIG initiated coverage on MoonLake Immunotherapeutics (NASDAQ:MLTX) with a Buy rating. The price target for MoonLake is set to $36.00. The stock has a 52-week-high of $25.32 and a 52-week-low of $4.25. At the end of the last trading period, MoonLake closed at $23.70.
Wells Fargo initiated coverage on Exelixis Inc (NASDAQ:EXEL) with an Overweight rating. The price target for Exelixis is set to $23.00. For the fourth quarter, Exelixis had an EPS of $0.03, compared to year-ago quarter EPS of $0.35. The current stock performance of Exelixis shows a 52-week-high of $23.40 and a 52-week-low of $14.87. Moreover, at the end of the last trading period, the closing price was at $16.36.
With a Buy rating, EF Hutton initiated coverage on Unicycive Therapeutics Inc (NASDAQ:UNCY). The price target seems to have been set at $5.00 for Unicycive Therapeutics. Unicycive Therapeutics earned $0.37 in the third quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.16 and a 52-week-low of $0.40. Unicycive Therapeutics closed at $1.62 at the end of the last trading period.
With an Overweight rating, Barclays initiated coverage on Nurix Therapeutics Inc (NASDAQ:NRIX). The price target seems to have been set at $20.00 for Nurix Therapeutics. In the fourth quarter, Nurix Therapeutics showed an EPS of $0.87, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $19.91 and a 52-week-low of $7.52. At the end of the last trading period, Nurix Therapeutics closed at $9.05.
With a Buy rating, DA Davidson initiated coverage on Vtex (NYSE:VTEX). The price target seems to have been set at $5.00 for Vtex. For the fourth quarter, Vtex had an EPS of $0.00, compared to year-ago quarter EPS of $0.06. The current stock performance of Vtex shows a 52-week-high of $7.56 and a 52-week-low of $2.66. Moreover, at the end of the last trading period, the closing price was at $3.78.
With a Neutral rating, DA Davidson initiated coverage on BigCommerce Holdings Inc (NASDAQ:BIGC). The price target seems to have been set at $11.00 for BigCommerce Holdings. BigCommerce Holdings earned $0.10 in the fourth quarter, compared to $0.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.10 and a 52-week-low of $7.75. BigCommerce Holdings closed at $9.46 at the end of the last trading period.
UBS initiated coverage on CVR Energy Inc (NYSE:CVI) with a Neutral rating. The price target for CVR Energy is set to $36.00. For the fourth quarter, CVR Energy had an EPS of $1.68, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $43.61 and a 52-week-low of $18.48. CVR Energy closed at $32.07 at the end of the last trading period.
UBS initiated coverage on HF Sinclair Corp (NYSE:DINO) with a Neutral rating. The price target for HF Sinclair is set to $58.00. In the fourth quarter, HF Sinclair showed an EPS of $2.97, compared to $0.11 from the year-ago quarter. 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 $50.29 at the end of the last trading period.
With a Neutral rating, UBS initiated coverage on PBF Energy Inc (NYSE:PBF). The price target seems to have been set at $53.00 for PBF Energy. PBF Energy earned $4.41 in the fourth quarter, compared to $1.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.00 and a 52-week-low of $19.23. PBF Energy closed at $45.46 at the end of the last trading period.
UBS initiated coverage on Delek US Holdings Inc (NYSE:DK) with a Neutral rating. The price target for Delek US Hldgs is set to $29.00. For the fourth quarter, Delek US Hldgs had an EPS of $0.88, compared to year-ago quarter EPS of $0.61. The stock has a 52-week-high of $35.45 and a 52-week-low of $17.70. At the end of the last trading period, Delek US Hldgs closed at $24.54.
With a Neutral rating, UBS initiated coverage on Par Pacific Holdings Inc (NYSE:PARR). The price target seems to have been set at $34.00 for Par Pacific Hldgs. In the fourth quarter, Par Pacific Hldgs showed an EPS of $2.20, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.89 and a 52-week-low of $11.66. Par Pacific Hldgs closed at $28.57 at the end of the last trading period.
With a Buy rating, UBS initiated coverage on Marathon Petroleum Corp (NYSE:MPC). The price target seems to have been set at $165.00 for Marathon Petroleum. In the fourth quarter, Marathon Petroleum showed an EPS of $6.65, compared to $1.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $136.46 and a 52-week-low of $73.17. Marathon Petroleum closed at $127.87 at the end of the last trading period.
UBS initiated coverage on Valero Energy Corp (NYSE:VLO) with a Buy rating. The price target for Valero Energy is set to $176.00. Valero Energy earned $8.45 in the fourth quarter, compared to $2.47 in the year-ago quarter. The stock has a 52-week-high of $160.16 and a 52-week-low of $83.13. At the end of the last trading period, Valero Energy closed at $132.77.
Stifel initiated coverage on CSG Systems International Inc (NASDAQ:CSGS) with a Hold rating. The price target for CSG Systems Intl is set to $60.00. For the fourth quarter, CSG Systems Intl had an EPS of $0.84, compared to year-ago quarter EPS of $0.83. The stock has a 52-week-high of $66.58 and a 52-week-low of $52.42. At the end of the last trading period, CSG Systems Intl closed at $55.87.