Benzinga's Top Ratings Upgrades, Downgrades For October 11, 2023

Upgrades

For Coherent Corp (NYSE:COHR), B. Riley Securities upgraded the previous rating of Neutral to Buy. In the fourth quarter, Coherent showed an EPS of $0.41, compared to $0.98 from the year-ago quarter. The current stock performance of Coherent shows a 52-week-high of $60.46 and a 52-week-low of $26.29. Moreover, at the end of the last trading period, the closing price was at $33.06.

Barclays upgraded the previous rating for PPG Industries Inc (NYSE:PPG) from Equal-Weight to Overweight. For the second quarter, PPG Indus had an EPS of $2.25, compared to year-ago quarter EPS of $1.81. The stock has a 52-week-high of $152.89 and a 52-week-low of $107.46. At the end of the last trading period, PPG Indus closed at $130.28.

According to Barclays, the prior rating for Ball Corp (NYSE:BALL) was changed from Equal-Weight to Overweight. For the second quarter, Ball had an EPS of $0.61, compared to year-ago quarter EPS of $0.82. The current stock performance of Ball shows a 52-week-high of $62.14 and a 52-week-low of $45.13. Moreover, at the end of the last trading period, the closing price was at $46.25.

According to Barclays, the prior rating for O-I Glass Inc (NYSE:OI) was changed from Underweight to Equal-Weight. In the second quarter, O-I Glass showed an EPS of $0.88, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.57 and a 52-week-low of $14.06. O-I Glass closed at $15.73 at the end of the last trading period.

For Iris Energy Ltd (NASDAQ:IREN), JP Morgan upgraded the previous rating of Neutral to Overweight. NoneThe stock has a 52-week-high of $8.06 and a 52-week-low of $1.02. At the end of the last trading period, Iris Energy closed at $3.27.

Raymond James upgraded the previous rating for Take-Two Interactive Software Inc (NASDAQ:TTWO) from Market Perform to Outperform. For the first quarter, Take-Two Interactive had an EPS of $0.27, compared to year-ago quarter EPS of $0.71. At the moment, the stock has a 52-week-high of $153.84 and a 52-week-low of $90.00. Take-Two Interactive closed at $145.24 at the end of the last trading period.

JP Morgan upgraded the previous rating for CSX Corp (NASDAQ:CSX) from Neutral to Overweight. For the second quarter, CSX had an EPS of $0.49, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $34.38 and a 52-week-low of $25.81. At the end of the last trading period, CSX closed at $31.54.

Morgan Stanley upgraded the previous rating for Cava Group Inc (NYSE:CAVA) from Equal-Weight to Overweight. For the second quarter, Cava Group had an EPS of $0.21, compared to year-ago quarter EPS of $6.23. The stock has a 52-week-high of $58.10 and a 52-week-low of $29.05. At the end of the last trading period, Cava Group closed at $32.08.

For Shoals Technologies Group Inc (NASDAQ:SHLS), Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Shoals Technologies Gr had an EPS of $0.14, compared to year-ago quarter EPS of $0.07. The current stock performance of Shoals Technologies Gr shows a 52-week-high of $32.37 and a 52-week-low of $14.81. Moreover, at the end of the last trading period, the closing price was at $16.74.

See all analyst ratings upgrades.

Downgrades

According to B of A Securities, the prior rating for The Timken Co (NYSE:TKR) was changed from Neutral to Underperform. In the second quarter, Timken showed an EPS of $2.01, compared to $1.67 from the year-ago quarter. The current stock performance of Timken shows a 52-week-high of $95.08 and a 52-week-low of $60.44. Moreover, at the end of the last trading period, the closing price was at $73.97.

For Alnylam Pharmaceuticals Inc (NASDAQ:ALNY), Oppenheimer downgraded the previous rating of Outperform to Perform. In the second quarter, Alnylam Pharmaceuticals showed an EPS of $1.62, compared to $2.03 from the year-ago quarter. The current stock performance of Alnylam Pharmaceuticals shows a 52-week-high of $242.74 and a 52-week-low of $159.47. Moreover, at the end of the last trading period, the closing price was at $169.06.

For Thorne HealthTech Inc (NASDAQ:THRN), Evercore ISI Group downgraded the previous rating of Outperform to Neutral. For the second quarter, Thorne HealthTech had an EPS of $0.15, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $10.20 and a 52-week-low of $3.46. At the end of the last trading period, Thorne HealthTech closed at $10.18.

For Silk Road Medical Inc (NASDAQ:SILK), CL King downgraded the previous rating of Buy to Neutral. For the second quarter, Silk Road Medical had an EPS of $0.35, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $58.04 and a 52-week-low of $13.80. Silk Road Medical closed at $13.99 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Cboe Global Markets Inc (BATS:CBOE) was changed from Buy to Hold. Cboe Global Markets earned $1.78 in the second quarter, compared to $1.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $164.40 and a 52-week-low of $114.18. Cboe Global Markets closed at $161.55 at the end of the last trading period.

For Olin Corp (NYSE:OLN), Barclays downgraded the previous rating of Overweight to Equal-Weight. Olin earned $1.13 in the second quarter, compared to $2.76 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.70 and a 52-week-low of $45.05. Olin closed at $48.65 at the end of the last trading period.

JP Morgan downgraded the previous rating for EverCommerce Inc (NASDAQ:EVCM) from Overweight to Neutral. In the second quarter, EverCommerce showed an EPS of $0.00, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $13.47 and a 52-week-low of $5.87. At the end of the last trading period, EverCommerce closed at $9.99.

Piper Sandler downgraded the previous rating for Arista Networks Inc (NYSE:ANET) from Overweight to Neutral. For the second quarter, Arista Networks had an EPS of $1.58, compared to year-ago quarter EPS of $1.08. The stock has a 52-week-high of $198.70 and a 52-week-low of $98.72. At the end of the last trading period, Arista Networks closed at $194.73.

For RXO Inc (NYSE:RXO), JP Morgan downgraded the previous rating of Neutral to Underweight. RXO earned $0.08 in the second quarter, compared to $0.56 in the year-ago quarter. The current stock performance of RXO shows a 52-week-high of $23.74 and a 52-week-low of $14.75. Moreover, at the end of the last trading period, the closing price was at $19.72.

For HubSpot Inc (NYSE:HUBS), Raymond James downgraded the previous rating of Strong Buy to Outperform. For the second quarter, HubSpot had an EPS of $1.34, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $581.40 and a 52-week-low of $245.85. HubSpot closed at $467.80 at the end of the last trading period.

Baird downgraded the previous rating for Fleetcor Technologies Inc (NYSE:FLT) from Outperform to Neutral. Fleetcor Technologies earned $4.19 in the second quarter, compared to $4.17 in the year-ago quarter. The current stock performance of Fleetcor Technologies shows a 52-week-high of $278.35 and a 52-week-low of $162.98. Moreover, at the end of the last trading period, the closing price was at $261.45.

According to Morgan Stanley, the prior rating for Portillos Inc (NASDAQ:PTLO) was changed from Overweight to Equal-Weight. For the second quarter, Portillos had an EPS of $0.12, compared to year-ago quarter EPS of $0.13. The current stock performance of Portillos shows a 52-week-high of $25.86 and a 52-week-low of $14.87. Moreover, at the end of the last trading period, the closing price was at $15.60.

Citigroup downgraded the previous rating for Silk Road Medical Inc (NASDAQ:SILK) from Buy to Sell. In the second quarter, Silk Road Medical showed an EPS of $0.35, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.04 and a 52-week-low of $13.80. Silk Road Medical closed at $13.99 at the end of the last trading period.

For Perimeter Solutions SA (NYSE:PRM), UBS downgraded the previous rating of Buy to Neutral. Perimeter Solutions earned $0.31 in the second quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $11.24 and a 52-week-low of $3.67. At the end of the last trading period, Perimeter Solutions closed at $3.87.

For Silk Road Medical Inc (NASDAQ:SILK), B. Riley Securities downgraded the previous rating of Buy to Neutral. Silk Road Medical earned $0.35 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $58.04 and a 52-week-low of $13.80. At the end of the last trading period, Silk Road Medical closed at $13.99.

According to Stifel, the prior rating for Silk Road Medical Inc (NASDAQ:SILK) was changed from Buy to Hold. In the second quarter, Silk Road Medical showed an EPS of $0.35, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $58.04 and a 52-week-low of $13.80. At the end of the last trading period, Silk Road Medical closed at $13.99.

For Omnicell Inc (NASDAQ:OMCL), Keybanc downgraded the previous rating of Overweight to Sector Weight. For the second quarter, Omnicell had an EPS of $0.57, compared to year-ago quarter EPS of $0.84. The current stock performance of Omnicell shows a 52-week-high of $81.66 and a 52-week-low of $42.58. Moreover, at the end of the last trading period, the closing price was at $45.81.

UBS downgraded the previous rating for RTX Corp (NYSE:RTX) from Buy to Neutral. For the second quarter, RTX had an EPS of $1.29, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $108.84 and a 52-week-low of $68.56. RTX closed at $73.35 at the end of the last trading period.

Oppenheimer downgraded the previous rating for Texas Instruments Inc (NASDAQ:TXN) from Outperform to Perform. For the second quarter, Texas Instruments had an EPS of $1.87, compared to year-ago quarter EPS of $2.45. At the moment, the stock has a 52-week-high of $188.12 and a 52-week-low of $145.98. Texas Instruments closed at $157.66 at the end of the last trading period.

UBS downgraded the previous rating for Morgan Stanley (NYSE:MS) from Buy to Neutral. For the second quarter, Morgan Stanley had an EPS of $1.24, compared to year-ago quarter EPS of $1.44. The current stock performance of Morgan Stanley shows a 52-week-high of $100.99 and a 52-week-low of $74.69. Moreover, at the end of the last trading period, the closing price was at $80.13.

See all analyst ratings downgrades.

Initiations

For Robinhood Markets Inc (NASDAQ:HOOD), Needham initiated coverage, by setting the current rating at Hold. In the second quarter, Robinhood Markets showed an EPS of $0.03, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $13.23 and a 52-week-low of $7.57. At the end of the last trading period, Robinhood Markets closed at $10.04.

Janney Montgomery Scott initiated coverage on Columbia Financial Inc (NASDAQ:CLBK) with a Buy rating. For the second quarter, Columbia Financial had an EPS of $0.11, compared to year-ago quarter EPS of $0.22. The current stock performance of Columbia Financial shows a 52-week-high of $22.37 and a 52-week-low of $14.11. Moreover, at the end of the last trading period, the closing price was at $15.98.

With an Underperform rating, Bernstein initiated coverage on EQT Corp (NYSE:EQT). The price target seems to have been set at $30.00 for EQT. In the second quarter, EQT showed an EPS of $0.17, compared to $0.83 from the year-ago quarter. The current stock performance of EQT shows a 52-week-high of $44.96 and a 52-week-low of $28.11. Moreover, at the end of the last trading period, the closing price was at $44.09.

With a Neutral rating, B of A Securities initiated coverage on Globant SA (NYSE:GLOB). The price target seems to have been set at $202.00 for Globant. Globant earned $1.36 in the second quarter, compared to $1.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $210.00 and a 52-week-low of $135.41. Globant closed at $199.39 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on WillScot Mobile Mini Holdings Corp (NASDAQ:WSC). The price target seems to have been set at $52.00 for WillScot Mobile Mini. For the second quarter, WillScot Mobile Mini had an EPS of $0.43, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $53.46 and a 52-week-low of $37.83. WillScot Mobile Mini closed at $42.50 at the end of the last trading period.

With an Underweight rating, JP Morgan initiated coverage on Riot Platforms Inc (NASDAQ:RIOT). The price target seems to have been set at $6.50 for Riot Platforms. In the second quarter, Riot Platforms showed an EPS of $0.17, compared to $0.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.65 and a 52-week-low of $3.26. Riot Platforms closed at $10.16 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Erasca Inc (NASDAQ:ERAS) with a Buy rating. The price target for Erasca is set to $10.00. Erasca earned $0.21 in the second quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.25 and a 52-week-low of $1.82. Erasca closed at $2.49 at the end of the last trading period.

Evercore ISI Group initiated coverage on RayzeBio inc (NASDAQ:RYZB) with an Outperform rating. At the moment, the stock has a 52-week-high of $26.00 and a 52-week-low of $17.95. RayzeBio closed at $20.00 at the end of the last trading period.

JP Morgan initiated coverage on Cleanspark Inc (NASDAQ:CLSK) with an Overweight rating. The price target for Cleanspark is set to $5.50. For the third quarter, Cleanspark had an EPS of $0.12, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $7.60 and a 52-week-low of $1.74. Cleanspark closed at $3.75 at the end of the last trading period.

JP Morgan initiated coverage on Marathon Digital Holdings Inc (NASDAQ:MARA) with an Underweight rating. The price target for Marathon Digital Holdings is set to $5.00. In the second quarter, Marathon Digital Holdings showed an EPS of $0.13, compared to $2.28 from the year-ago quarter. The stock has a 52-week-high of $19.88 and a 52-week-low of $3.12. At the end of the last trading period, Marathon Digital Holdings closed at $8.46.

For Cipher Mining Inc (NASDAQ:CIFR), JP Morgan initiated coverage, by setting the current rating at Neutral. For the second quarter, Cipher Mining had an EPS of $0.04, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $5.29 and a 52-week-low of $0.38. Cipher Mining closed at $2.59 at the end of the last trading period.

Goldman Sachs initiated coverage on Syndax Pharmaceuticals Inc (NASDAQ:SNDX) with a Buy rating. The price target for Syndax Pharmaceuticals is set to $30.00. In the second quarter, Syndax Pharmaceuticals showed an EPS of $0.64, compared to $0.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.86 and a 52-week-low of $12.07. Syndax Pharmaceuticals closed at $12.65 at the end of the last trading period.

With a Buy rating, UBS initiated coverage on Hexcel Corp (NYSE:HXL). The price target seems to have been set at $81.00 for Hexcel. In the second quarter, Hexcel showed an EPS of $0.50, compared to $0.33 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.08 and a 52-week-low of $50.25. Hexcel closed at $68.32 at the end of the last trading period.

UBS initiated coverage on Boeing Co (NYSE:BA) with a Buy rating. The price target for Boeing is set to $275.00. Boeing earned $0.82 in the second quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $243.10 and a 52-week-low of $124.24. Boeing closed at $193.53 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on Spirit AeroSystems Holdings Inc (NYSE:SPR). The price target seems to have been set at $17.00 for Spirit AeroSystems Hldgs. For the second quarter, Spirit AeroSystems Hldgs had an EPS of $1.46, compared to year-ago quarter EPS of $1.21. The current stock performance of Spirit AeroSystems Hldgs shows a 52-week-high of $38.55 and a 52-week-low of $14.65. Moreover, at the end of the last trading period, the closing price was at $17.61.

UBS initiated coverage on Howmet Aerospace Inc (NYSE:HWM) with a Neutral rating. The price target for Howmet Aerospace is set to $51.00. For the second quarter, Howmet Aerospace had an EPS of $0.44, compared to year-ago quarter EPS of $0.35. At the moment, the stock has a 52-week-high of $51.34 and a 52-week-low of $31.30. Howmet Aerospace closed at $46.46 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on TransDigm Group Inc (NYSE:TDG). The price target seems to have been set at $950.00 for TransDigm Gr. TransDigm Gr earned $7.25 in the third quarter, compared to $4.85 in the year-ago quarter. The stock has a 52-week-high of $940.00 and a 52-week-low of $499.99. At the end of the last trading period, TransDigm Gr closed at $866.18.

With a Neutral rating, UBS initiated coverage on Lockheed Martin Corp (NYSE:LMT). The price target seems to have been set at $470.00 for Lockheed Martin. In the second quarter, Lockheed Martin showed an EPS of $6.73, compared to $6.32 from the year-ago quarter. The stock has a 52-week-high of $508.10 and a 52-week-low of $388.26. At the end of the last trading period, Lockheed Martin closed at $435.10.

With a Buy rating, UBS initiated coverage on Northrop Grumman Corp (NYSE:NOC). The price target seems to have been set at $555.00 for Northrop Grumman. Northrop Grumman earned $5.34 in the second quarter, compared to $6.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $556.14 and a 52-week-low of $414.56. Northrop Grumman closed at $465.12 at the end of the last trading period.

UBS initiated coverage on Woodward Inc (NASDAQ:WWD) with a Buy rating. The price target for Woodward is set to $152.00. In the third quarter, Woodward showed an EPS of $1.37, compared to $0.64 from the year-ago quarter. The stock has a 52-week-high of $133.15 and a 52-week-low of $81.52. At the end of the last trading period, Woodward closed at $128.35.

UBS initiated coverage on General Dynamics Corp (NYSE:GD) with a Neutral rating. The price target for General Dynamics is set to $265.00. General Dynamics earned $2.70 in the second quarter, compared to $2.75 in the year-ago quarter. The current stock performance of General Dynamics shows a 52-week-high of $256.80 and a 52-week-low of $202.35. Moreover, at the end of the last trading period, the closing price was at $236.67.

With a Sell rating, UBS initiated coverage on Textron Inc (NYSE:TXT). The price target seems to have been set at $73.00 for Textron. For the second quarter, Textron had an EPS of $1.46, compared to year-ago quarter EPS of $1.00. The stock has a 52-week-high of $80.60 and a 52-week-low of $58.90. At the end of the last trading period, Textron closed at $79.07.

Stephens & Co. initiated coverage on Sprout Social Inc (NASDAQ:SPT) with an Overweight rating. The price target for Sprout Social is set to $78.00. For the second quarter, Sprout Social had an EPS of $0.07, compared to year-ago quarter EPS of $0.04. The current stock performance of Sprout Social shows a 52-week-high of $74.07 and a 52-week-low of $37.00. Moreover, at the end of the last trading period, the closing price was at $50.85.

Wedbush initiated coverage on Cava Group Inc (NYSE:CAVA) with a Neutral rating. The price target for Cava Group is set to $33.00. For the second quarter, Cava Group had an EPS of $0.21, compared to year-ago quarter EPS of $6.23. At the moment, the stock has a 52-week-high of $58.10 and a 52-week-low of $29.05. Cava Group closed at $32.08 at the end of the last trading period.

See all analyst ratings initiations.