Benzinga's Top Ratings Upgrades, Downgrades For October 18, 2023
Upgrades
According to National Bank Financial Inc, the prior rating for Brookfield Infrastructure Partners LP (NYSE:BIP) was changed from Sector Perform to Outperform. Brookfield Infr Partners earned $0.38 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.18 and a 52-week-low of $24.95. Brookfield Infr Partners closed at $25.69 at the end of the last trading period.
For FB Financial Corp (NYSE:FBK), Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. In the third quarter, FB Financial showed an EPS of $0.71, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.10 and a 52-week-low of $24.34. FB Financial closed at $28.72 at the end of the last trading period.
For Huntsman Corp (NYSE:HUN), B of A Securities upgraded the previous rating of Underperform to Buy. Huntsman earned $0.22 in the second quarter, compared to $1.21 in the year-ago quarter. The stock has a 52-week-high of $33.46 and a 52-week-low of $22.71. At the end of the last trading period, Huntsman closed at $23.98.
For LyondellBasell Industries NV (NYSE:LYB), B of A Securities upgraded the previous rating of Underperform to Neutral. In the second quarter, LyondellBasell Industries showed an EPS of $2.44, compared to $5.19 from the year-ago quarter. The stock has a 52-week-high of $102.05 and a 52-week-low of $75.64. At the end of the last trading period, LyondellBasell Industries closed at $94.75.
B of A Securities upgraded the previous rating for Dow Inc (NYSE:DOW) from Underperform to Neutral. For the second quarter, Dow had an EPS of $0.75, compared to year-ago quarter EPS of $2.31. At the moment, the stock has a 52-week-high of $60.88 and a 52-week-low of $44.90. Dow closed at $50.73 at the end of the last trading period.
For First Watch Restaurant Group Inc (NASDAQ:FWRG), Raymond James upgraded the previous rating of Outperform to Strong Buy. For the second quarter, First Watch Restaurant Gr had an EPS of $0.13, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $20.31 and a 52-week-low of $12.80. First Watch Restaurant Gr closed at $16.86 at the end of the last trading period.
According to Raymond James, the prior rating for Brinker International Inc (NYSE:EAT) was changed from Outperform to Strong Buy. Brinker International earned $1.39 in the fourth quarter, compared to $1.15 in the year-ago quarter. The stock has a 52-week-high of $42.12 and a 52-week-low of $26.78. At the end of the last trading period, Brinker International closed at $33.65.
According to Hovde Group, the prior rating for FB Financial Corp (NYSE:FBK) was changed from Market Perform to Outperform. For the third quarter, FB Financial had an EPS of $0.71, compared to year-ago quarter EPS of $0.68. At the moment, the stock has a 52-week-high of $44.10 and a 52-week-low of $24.34. FB Financial closed at $28.72 at the end of the last trading period.
According to JP Morgan, the prior rating for Editas Medicine Inc (NASDAQ:EDIT) was changed from Underweight to Neutral. For the second quarter, Editas Medicine had an EPS of $0.56, compared to year-ago quarter EPS of $0.78. The current stock performance of Editas Medicine shows a 52-week-high of $14.22 and a 52-week-low of $6.33. Moreover, at the end of the last trading period, the closing price was at $6.81.
According to Mizuho, the prior rating for Hudson Pacific Properties Inc (NYSE:HPP) was changed from Underperform to Neutral. In the second quarter, Hudson Pacific Properties showed an EPS of $0.24, compared to $0.51 from the year-ago quarter. The current stock performance of Hudson Pacific Properties shows a 52-week-high of $12.22 and a 52-week-low of $4.04. Moreover, at the end of the last trading period, the closing price was at $5.82.
Jefferies upgraded the previous rating for Elastic NV (NYSE:ESTC) from Hold to Buy. Elastic earned $0.25 in the first quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $83.35 and a 52-week-low of $46.18. At the end of the last trading period, Elastic closed at $80.64.
Wolfe Research upgraded the previous rating for Broadstone Net Lease Inc (NYSE:BNL) from Peer Perform to Outperform. In the second quarter, Broadstone Net Lease showed an EPS of $0.35, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.54 and a 52-week-low of $13.89. Broadstone Net Lease closed at $14.92 at the end of the last trading period.
According to Raymond James, the prior rating for Nkarta Inc (NASDAQ:NKTX) was changed from Outperform to Strong Buy. For the second quarter, Nkarta had an EPS of $0.68, compared to year-ago quarter EPS of $0.61. The stock has a 52-week-high of $13.80 and a 52-week-low of $1.28. At the end of the last trading period, Nkarta closed at $3.14.
See all analyst ratings upgrades.
Downgrades
For Freeline Therapeutics Holdings PLC (NASDAQ:FRLN), Wedbush downgraded the previous rating of Outperform to Neutral. For the second quarter, Freeline Therapeutics had an EPS of $0.21, compared to year-ago quarter EPS of $14.25. At the moment, the stock has a 52-week-high of $12.00 and a 52-week-low of $2.11. Freeline Therapeutics closed at $4.32 at the end of the last trading period.
Scotiabank downgraded the previous rating for Olink Holding AB (NASDAQ:OLK) from Sector Outperform to Sector Perform. In the second quarter, Olink Holding showed an EPS of $0.07, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $26.47 and a 52-week-low of $14.10. At the end of the last trading period, Olink Holding closed at $24.87.
For Sherwin-Williams Co (NYSE:SHW), B of A Securities downgraded the previous rating of Neutral to Underperform. Sherwin-Williams earned $3.29 in the second quarter, compared to $2.41 in the year-ago quarter. The stock has a 52-week-high of $283.80 and a 52-week-low of $199.22. At the end of the last trading period, Sherwin-Williams closed at $252.84.
For Albemarle Corp (NYSE:ALB), B of A Securities downgraded the previous rating of Neutral to Underperform. Albemarle earned $7.33 in the second quarter, compared to $3.45 in the year-ago quarter. The current stock performance of Albemarle shows a 52-week-high of $334.20 and a 52-week-low of $152.00. Moreover, at the end of the last trading period, the closing price was at $169.48.
For Westlake Corp (NYSE:WLK), B of A Securities downgraded the previous rating of Neutral to Underperform. Westlake earned $2.31 in the second quarter, compared to $6.60 in the year-ago quarter. The stock has a 52-week-high of $138.39 and a 52-week-low of $87.94. At the end of the last trading period, Westlake closed at $125.11.
B of A Securities downgraded the previous rating for Sociedad Quimica Y Minera De Chile SA (NYSE:SQM) from Neutral to Underperform. For the second quarter, Sociedad Quimica Y Minera had an EPS of $2.03, compared to year-ago quarter EPS of $3.01. The current stock performance of Sociedad Quimica Y Minera shows a 52-week-high of $112.34 and a 52-week-low of $52.42. Moreover, at the end of the last trading period, the closing price was at $59.45.
B of A Securities downgraded the previous rating for ArcelorMittal SA (NYSE:MT) from Buy to Neutral. In the second quarter, ArcelorMittal showed an EPS of $2.20, compared to $4.24 from the year-ago quarter. The stock has a 52-week-high of $32.48 and a 52-week-low of $21.15. At the end of the last trading period, ArcelorMittal closed at $23.34.
B of A Securities downgraded the previous rating for Sibanye Stillwater Ltd (NYSE:SBSW) from Neutral to Underperform. NoneThe stock has a 52-week-high of $12.44 and a 52-week-low of $5.16. At the end of the last trading period, Sibanye Stillwater closed at $6.15.
According to TD Cowen, the prior rating for Evelo Biosciences Inc (NASDAQ:EVLO) was changed from Outperform to Market Perform. Evelo Biosciences earned $3.78 in the second quarter, compared to $8.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $48.00 and a 52-week-low of $0.49. Evelo Biosciences closed at $1.20 at the end of the last trading period.
RBC Capital downgraded the previous rating for Sibanye Stillwater Ltd (NYSE:SBSW) from Outperform to Sector Perform. NoneAt the moment, the stock has a 52-week-high of $12.44 and a 52-week-low of $5.16. Sibanye Stillwater closed at $6.15 at the end of the last trading period.
According to Deutsche Bank, the prior rating for Lithium Americas Corp (NYSE:LAC) was changed from Buy to Hold. For the second quarter, Lithium Americas had an EPS of $0.16, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $29.48 and a 52-week-low of $8.50. Lithium Americas closed at $9.10 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
With a Market Perform rating, TD Cowen initiated coverage on WK Kellogg Co (NYSE:KLG). The price target seems to have been set at $11.00 for WK Kellogg. The stock has a 52-week-high of $21.00 and a 52-week-low of $9.65. At the end of the last trading period, WK Kellogg closed at $10.10.
Jefferies initiated coverage on Pinterest Inc (NYSE:PINS) with a Hold rating. The price target for Pinterest is set to $30.00. In the second quarter, Pinterest showed an EPS of $0.21, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.86 and a 52-week-low of $20.60. Pinterest closed at $28.00 at the end of the last trading period.
With a Buy rating, Redburn Atlantic initiated coverage on Nu Holdings Ltd (NYSE:NU). The price target seems to have been set at $11.00 for Nu Holdings. In the second quarter, Nu Holdings showed an EPS of $0.05, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $8.29 and a 52-week-low of $3.39. At the end of the last trading period, Nu Holdings closed at $7.88.
With an Overweight rating, Keybanc initiated coverage on ARM Holdings PLC (NASDAQ:ARM). The price target seems to have been set at $65.00 for ARM Holdings. The stock has a 52-week-high of $69.00 and a 52-week-low of $49.85. At the end of the last trading period, ARM Holdings closed at $52.29.
With a Market Outperform rating, JMP Securities initiated coverage on Vigil Neuroscience Inc (NASDAQ:VIGL). The price target seems to have been set at $23.00 for Vigil Neuroscience. For the second quarter, Vigil Neuroscience had an EPS of $0.52, compared to year-ago quarter EPS of $0.60. The stock has a 52-week-high of $16.50 and a 52-week-low of $4.68. At the end of the last trading period, Vigil Neuroscience closed at $6.58.
JMP Securities initiated coverage on Notable Labs Inc (NASDAQ:NTBL) with a Market Outperform rating. The price target for Notable Labs is set to $13.00. The stock has a 52-week-high of $5.27 and a 52-week-low of $2.85. At the end of the last trading period, Notable Labs closed at $4.45.
With a Buy rating, Berenberg initiated coverage on Alpine Immune Sciences Inc (NASDAQ:ALPN). The price target seems to have been set at $18.00 for Alpine Immune Sciences. Alpine Immune Sciences earned $0.27 in the second quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.92 and a 52-week-low of $4.83. Alpine Immune Sciences closed at $10.20 at the end of the last trading period.
Deutsche Bank initiated coverage on Lithium Americas (Argentina) Corp (NYSE:LAAC) with a Buy rating. The price target for Lithium Americas is set to $11.00. The stock has a 52-week-high of $8.14 and a 52-week-low of $5.07. At the end of the last trading period, Lithium Americas closed at $6.99.
Stifel initiated coverage on TeraWulf Inc (NASDAQ:WULF) with a Buy rating. The price target for TeraWulf is set to $3.00. In the second quarter, TeraWulf showed an EPS of $0.08, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $4.04 and a 52-week-low of $0.54. At the end of the last trading period, TeraWulf closed at $1.24.
With a Buy rating, Stifel initiated coverage on Vestis Corp (NYSE:VSTS). The price target seems to have been set at $20.00 for Vestis. The current stock performance of Vestis shows a 52-week-high of $19.31 and a 52-week-low of $14.23. Moreover, at the end of the last trading period, the closing price was at $15.89.
