Benzinga's Top Ratings Upgrades, Downgrades For October 12, 2023
Upgrades
According to Craig-Hallum, the prior rating for MasTec Inc (NYSE:MTZ) was changed from Hold to Buy. In the second quarter, MasTec showed an EPS of $0.89, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $123.33 and a 52-week-low of $62.44. MasTec closed at $67.02 at the end of the last trading period.
According to Janney Montgomery Scott, the prior rating for Central Valley Community Bancorp (NASDAQ:CVCY) was changed from Neutral to Buy. In the second quarter, Central Valley Community showed an EPS of $0.54, compared to $0.56 from the year-ago quarter. The current stock performance of Central Valley Community shows a 52-week-high of $25.99 and a 52-week-low of $12.59. Moreover, at the end of the last trading period, the closing price was at $15.34.
B of A Securities upgraded the previous rating for Target Corp (NYSE:TGT) from Neutral to Buy. Target earned $1.80 in the second quarter, compared to $0.39 in the year-ago quarter. The current stock performance of Target shows a 52-week-high of $181.70 and a 52-week-low of $102.93. Moreover, at the end of the last trading period, the closing price was at $108.99.
For Exxon Mobil Corp (NYSE:XOM), Truist Securities upgraded the previous rating of Hold to Buy. Exxon Mobil earned $1.94 in the second quarter, compared to $4.14 in the year-ago quarter. The stock has a 52-week-high of $120.70 and a 52-week-low of $96.76. At the end of the last trading period, Exxon Mobil closed at $106.49.
According to BTIG, the prior rating for Warby Parker Inc (NYSE:WRBY) was changed from Neutral to Buy. Warby Parker earned $0.04 in the second quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $18.97 and a 52-week-low of $9.50. At the end of the last trading period, Warby Parker closed at $14.21.
JP Morgan upgraded the previous rating for Tanger Factory Outlet Centers Inc (NYSE:SKT) from Underweight to Neutral. Tanger Factory Outlet earned $0.47 in the second quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Tanger Factory Outlet shows a 52-week-high of $25.23 and a 52-week-low of $14.85. Moreover, at the end of the last trading period, the closing price was at $23.11.
According to JP Morgan, the prior rating for Healthcare Realty Trust Inc (NYSE:HR) was changed from Neutral to Overweight. In the second quarter, Healthcare Realty Trust showed an EPS of $0.39, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $22.36 and a 52-week-low of $14.15. At the end of the last trading period, Healthcare Realty Trust closed at $15.07.
For Core & Main Inc (NYSE:CNM), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. Core & Main earned $0.66 in the second quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $33.32 and a 52-week-low of $18.79. At the end of the last trading period, Core & Main closed at $31.18.
For Kimberly-Clark Corp (NYSE:KMB), Bernstein upgraded the previous rating of Underperform to Market Perform. Kimberly-Clark earned $1.65 in the second quarter, compared to $1.34 in the year-ago quarter. The current stock performance of Kimberly-Clark shows a 52-week-high of $147.87 and a 52-week-low of $110.38. Moreover, at the end of the last trading period, the closing price was at $119.35.
For Clorox Co (NYSE:CLX), Bernstein upgraded the previous rating of Underperform to Market Perform. In the fourth quarter, Clorox showed an EPS of $1.67, compared to $0.93 from the year-ago quarter. At the moment, the stock has a 52-week-high of $178.21 and a 52-week-low of $119.56. Clorox closed at $122.36 at the end of the last trading period.
According to Barclays, the prior rating for First Solar Inc (NASDAQ:FSLR) was changed from Equal-Weight to Overweight. For the second quarter, First Solar had an EPS of $1.89, compared to year-ago quarter EPS of $0.52. The stock has a 52-week-high of $232.00 and a 52-week-low of $115.66. At the end of the last trading period, First Solar closed at $151.50.
JP Morgan upgraded the previous rating for Gold Fields Ltd (NYSE:GFI) from Underweight to Neutral. NoneThe stock has a 52-week-high of $17.78 and a 52-week-low of $7.29. At the end of the last trading period, Gold Fields closed at $13.11.
According to DA Davidson, the prior rating for Dynatrace Inc (NYSE:DT) was changed from Neutral to Buy. In the first quarter, Dynatrace showed an EPS of $0.27, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.87 and a 52-week-low of $31.55. Dynatrace closed at $48.18 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
RBC Capital downgraded the previous rating for ResMed Inc (NYSE:RMD) from Outperform to Sector Perform. ResMed earned $1.60 in the fourth quarter, compared to $1.49 in the year-ago quarter. The stock has a 52-week-high of $243.52 and a 52-week-low of $136.20. At the end of the last trading period, ResMed closed at $144.23.
According to Exane BNP Paribas, the prior rating for Carvana Co (NYSE:CVNA) was changed from Outperform to Neutral. In the second quarter, Carvana showed an EPS of $0.55, compared to $2.35 from the year-ago quarter. The stock has a 52-week-high of $57.19 and a 52-week-low of $3.56. At the end of the last trading period, Carvana closed at $37.87.
According to Cantor Fitzgerald, the prior rating for Hyliion Holdings Corp (NYSE:HYLN) was changed from Neutral to Underweight. For the second quarter, Hyliion Holdings had an EPS of $0.19, compared to year-ago quarter EPS of $0.19. The current stock performance of Hyliion Holdings shows a 52-week-high of $3.88 and a 52-week-low of $0.52. Moreover, at the end of the last trading period, the closing price was at $0.65.
Mizuho downgraded the previous rating for Beyond Meat Inc (NASDAQ:BYND) from Neutral to Underperform. In the second quarter, Beyond Meat showed an EPS of $0.83, compared to $1.53 from the year-ago quarter. The stock has a 52-week-high of $22.87 and a 52-week-low of $7.90. At the end of the last trading period, Beyond Meat closed at $8.84.
Redburn Atlantic downgraded the previous rating for E2open Parent Holdings Inc (NYSE:ETWO) from Buy to Neutral. For the second quarter, E2open Parent Holdings had an EPS of $0.04, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $7.21 and a 52-week-low of $2.15. At the end of the last trading period, E2open Parent Holdings closed at $2.19.
According to JP Morgan, the prior rating for Welltower Inc (NYSE:WELL) was changed from Overweight to Neutral. In the second quarter, Welltower showed an EPS of $0.90, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $86.72 and a 52-week-low of $56.54. At the end of the last trading period, Welltower closed at $85.81.
Wolfe Research downgraded the previous rating for Carrier Global Corp (NYSE:CARR) from Peer Perform to Underperform. In the second quarter, Carrier Global showed an EPS of $0.79, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $60.04 and a 52-week-low of $33.11. At the end of the last trading period, Carrier Global closed at $56.04.
According to Goldman Sachs, the prior rating for Jack Henry & Associates Inc (NASDAQ:JKHY) was changed from Neutral to Sell. In the fourth quarter, Jack Henry & Associates showed an EPS of $1.34, compared to $1.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $202.60 and a 52-week-low of $139.28. Jack Henry & Associates closed at $147.18 at the end of the last trading period.
According to Keybanc, the prior rating for Netstreit Corp (NYSE:NTST) was changed from Sector Weight to Underweight. In the second quarter, Netstreit showed an EPS of $0.30, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.64 and a 52-week-low of $14.49. Netstreit closed at $15.30 at the end of the last trading period.
For First Industrial Realty Trust Inc (NYSE:FR), Keybanc downgraded the previous rating of Sector Weight to Underweight. First Industrial Realty earned $0.61 in the second quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $55.51 and a 52-week-low of $42.94. At the end of the last trading period, First Industrial Realty closed at $47.08.
See all analyst ratings downgrades.
Initiations
With a Equal-Weight rating, Stephens & Co. initiated coverage on Alignment Healthcare Inc (NASDAQ:ALHC). The price target seems to have been set at $9.00 for Alignment Healthcare. For the second quarter, Alignment Healthcare had an EPS of $0.15, compared to year-ago quarter EPS of $0.06. The current stock performance of Alignment Healthcare shows a 52-week-high of $13.92 and a 52-week-low of $4.88. Moreover, at the end of the last trading period, the closing price was at $7.39.
Seaport Global initiated coverage on PayPal Holdings Inc (NASDAQ:PYPL) with a Neutral rating. PayPal Holdings earned $1.16 in the second quarter, compared to $0.93 in the year-ago quarter. The current stock performance of PayPal Holdings shows a 52-week-high of $92.62 and a 52-week-low of $55.86. Moreover, at the end of the last trading period, the closing price was at $58.07.
With a Buy rating, Seaport Global initiated coverage on Shopify Inc (NYSE:SHOP). The price target seems to have been set at $64.00 for Shopify. Shopify earned $0.14 in the second quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.43 and a 52-week-low of $23.64. Shopify closed at $54.24 at the end of the last trading period.
For Visa Inc (NYSE:V), Seaport Global initiated coverage, by setting the current rating at Neutral. Visa earned $2.16 in the third quarter, compared to $1.98 in the year-ago quarter. The current stock performance of Visa shows a 52-week-high of $250.58 and a 52-week-low of $174.83. Moreover, at the end of the last trading period, the closing price was at $235.68.
With a Buy rating, Seaport Global initiated coverage on Mastercard Inc (NYSE:MA). The price target seems to have been set at $465.00 for Mastercard. In the second quarter, Mastercard showed an EPS of $2.89, compared to $2.56 from the year-ago quarter. The current stock performance of Mastercard shows a 52-week-high of $418.60 and a 52-week-low of $276.91. Moreover, at the end of the last trading period, the closing price was at $399.81.
Seaport Global initiated coverage on Global Payments Inc (NYSE:GPN) with a Buy rating. The price target for Global Payments is set to $140.00. Global Payments earned $2.62 in the second quarter, compared to $2.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $129.69 and a 52-week-low of $92.28. Global Payments closed at $115.18 at the end of the last trading period.
With a Buy rating, Seaport Global initiated coverage on Flywire Corp (NASDAQ:FLYW). The price target seems to have been set at $40.00 for Flywire. For the second quarter, Flywire had an EPS of $0.15, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $35.80 and a 52-week-low of $17.17. Flywire closed at $30.54 at the end of the last trading period.
For Fidelity National Information Services Inc (NYSE:FIS), Seaport Global initiated coverage, by setting the current rating at Neutral. Fidelity National Info earned $1.55 in the second quarter, compared to $1.73 in the year-ago quarter. At the moment, the stock has a 52-week-high of $85.17 and a 52-week-low of $48.57. Fidelity National Info closed at $53.12 at the end of the last trading period.
For Block Inc (NYSE:SQ), Seaport Global initiated coverage, by setting the current rating at Neutral. Block earned $0.39 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $89.97 and a 52-week-low of $40.77. At the end of the last trading period, Block closed at $46.69.
With a Buy rating, Seaport Global initiated coverage on BILL Holdings Inc (NYSE:BILL). The price target seems to have been set at $144.00 for BILL Holdings. In the fourth quarter, BILL Holdings showed an EPS of $0.59, compared to $0.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $139.50 and a 52-week-low of $68.30. BILL Holdings closed at $114.61 at the end of the last trading period.
With a Buy rating, Citigroup initiated coverage on 2seventy bio Inc (NASDAQ:TSVT). The price target seems to have been set at $13.00 for 2seventy bio. In the second quarter, 2seventy bio showed an EPS of $0.83, compared to $2.02 from the year-ago quarter. The current stock performance of 2seventy bio shows a 52-week-high of $17.52 and a 52-week-low of $3.01. Moreover, at the end of the last trading period, the closing price was at $4.44.
Citigroup initiated coverage on Krystal Biotech Inc (NASDAQ:KRYS) with a Buy rating. The price target for Krystal Biotech is set to $160.00. In the second quarter, Krystal Biotech showed an EPS of $1.25, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $132.68 and a 52-week-low of $61.44. At the end of the last trading period, Krystal Biotech closed at $113.00.
With an Overweight rating, Cantor Fitzgerald initiated coverage on Genius Sports Ltd (NYSE:GENI). The price target seems to have been set at $8.00 for Genius Sports. Genius Sports earned $0.05 in the second quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.45 and a 52-week-low of $3.12. Genius Sports closed at $5.19 at the end of the last trading period.
With a Buy rating, B of A Securities initiated coverage on MongoDB Inc (NASDAQ:MDB). The price target seems to have been set at $450.00 for MongoDB. In the second quarter, MongoDB showed an EPS of $0.93, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $439.00 and a 52-week-low of $135.17. MongoDB closed at $365.22 at the end of the last trading period.
With a Neutral rating, B of A Securities initiated coverage on Snowflake Inc (NYSE:SNOW). The price target seems to have been set at $195.00 for Snowflake. For the second quarter, Snowflake had an EPS of $0.22, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $193.94 and a 52-week-low of $119.27. At the end of the last trading period, Snowflake closed at $163.54.
With a Buy rating, Truist Securities initiated coverage on Rexford Industrial Realty Inc (NYSE:REXR). The price target seems to have been set at $56.00 for Rexford Industrial Realty. Rexford Industrial Realty earned $0.54 in the second quarter, compared to $0.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of $66.71 and a 52-week-low of $46.29. Rexford Industrial Realty closed at $49.56 at the end of the last trading period.
BMO Capital initiated coverage on Coursera Inc (NYSE:COUR) with an Outperform rating. The price target for Coursera is set to $24.00. Coursera earned $0.00 in the second quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Coursera shows a 52-week-high of $19.36 and a 52-week-low of $9.91. Moreover, at the end of the last trading period, the closing price was at $19.00.
Redburn Atlantic initiated coverage on International Flavors & Fragrances Inc (NYSE:IFF) with a Neutral rating. The price target for Intl Flavors & Fragrances is set to $60.00. For the second quarter, Intl Flavors & Fragrances had an EPS of $0.86, compared to year-ago quarter EPS of $1.54. The current stock performance of Intl Flavors & Fragrances shows a 52-week-high of $118.34 and a 52-week-low of $62.11. Moreover, at the end of the last trading period, the closing price was at $65.55.
With a Buy rating, HC Wainwright & Co. initiated coverage on PolyPid Ltd (NASDAQ:PYPD). The price target seems to have been set at $16.00 for PolyPid. For the second quarter, PolyPid had an EPS of $3.90, compared to year-ago quarter EPS of $18.30. The current stock performance of PolyPid shows a 52-week-high of $38.70 and a 52-week-low of $3.57. Moreover, at the end of the last trading period, the closing price was at $4.00.
Needham initiated coverage on Elastic NV (NYSE:ESTC) with a Hold rating. For the first quarter, Elastic had an EPS of $0.25, compared to year-ago quarter EPS of $0.15. The current stock performance of Elastic shows a 52-week-high of $82.84 and a 52-week-low of $46.18. Moreover, at the end of the last trading period, the closing price was at $82.00.
With a Neutral rating, JP Morgan initiated coverage on Marriott Vacations Worldwide Corp (NYSE:VAC). The price target seems to have been set at $105.00 for Marriott Vacations. In the second quarter, Marriott Vacations showed an EPS of $2.19, compared to $2.87 from the year-ago quarter. The current stock performance of Marriott Vacations shows a 52-week-high of $165.85 and a 52-week-low of $90.89. Moreover, at the end of the last trading period, the closing price was at $98.97.
UBS initiated coverage on Genuine Parts Co (NYSE:GPC) with a Neutral rating. The price target for Genuine Parts is set to $160.00. Genuine Parts earned $2.44 in the second quarter, compared to $2.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $187.61 and a 52-week-low of $139.66. Genuine Parts closed at $146.77 at the end of the last trading period.
With a Neutral rating, UBS initiated coverage on Asana Inc (NYSE:ASAN). The price target seems to have been set at $20.00 for Asana. In the second quarter, Asana showed an EPS of $0.04, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $26.27 and a 52-week-low of $11.32. At the end of the last trading period, Asana closed at $18.28.
UBS initiated coverage on Smartsheet Inc (NYSE:SMAR) with a Buy rating. The price target for Smartsheet is set to $60.00. Smartsheet earned $0.16 in the second quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $52.81 and a 52-week-low of $25.09. At the end of the last trading period, Smartsheet closed at $43.42.
