Benzinga's Top Ratings Upgrades, Downgrades For October 21, 2022
Upgrades
SVB Leerink upgraded the previous rating for Moderna Inc (NASDAQ:MRNA) from Underperform to Market Perform. Moderna earned $5.24 in the second quarter, compared to $6.46 in the year-ago quarter. The stock has a 52-week-high of $249.42 and a 52-week-low of $115.03. At the end of the last trading period, Moderna closed at $118.38.
For Farmers & Merchants Bancorp Inc (NASDAQ:FMAO), Piper Sandler upgraded the previous rating of Underweight to Neutral. For the third quarter, Farmers & Merchants had an EPS of $0.68, compared to year-ago quarter EPS of $0.53. The stock has a 52-week-high of $42.13 and a 52-week-low of $25.17. At the end of the last trading period, Farmers & Merchants closed at $25.33.
According to Truist Securities, the prior rating for AT&T Inc (NYSE:T) was changed from Hold to Buy. In the third quarter, AT&T showed an EPS of $0.68, compared to $0.87 from the year-ago quarter. The current stock performance of AT&T shows a 52-week-high of $27.48 and a 52-week-low of $14.46. Moreover, at the end of the last trading period, the closing price was at $16.74.
For GFL Environmental Inc (NYSE:GFL), B of A Securities upgraded the previous rating of Neutral to Buy. For the second quarter, GFL Envirn had an EPS of $0.19, compared to year-ago quarter EPS of $0.08. The current stock performance of GFL Envirn shows a 52-week-high of $38.05 and a 52-week-low of $23.10. Moreover, at the end of the last trading period, the closing price was at $25.02.
For Albertsons Companies Inc (NYSE:ACI), BMO Capital upgraded the previous rating of Underperform to Market Perform. In the second quarter, Albertsons Companies showed an EPS of $0.72, compared to $0.64 from the year-ago quarter. The current stock performance of Albertsons Companies shows a 52-week-high of $37.99 and a 52-week-low of $24.34. Moreover, at the end of the last trading period, the closing price was at $27.50.
Needham upgraded the previous rating for Qualys Inc (NASDAQ:QLYS) from Hold to Buy. For the second quarter, Qualys had an EPS of $0.89, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $162.36 and a 52-week-low of $108.10. At the end of the last trading period, Qualys closed at $130.57.
For HealthEquity Inc (NASDAQ:HQY), Goldman Sachs upgraded the previous rating of Sell to Neutral. In the second quarter, HealthEquity showed an EPS of $0.33, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $74.10 and a 52-week-low of $43.98. At the end of the last trading period, HealthEquity closed at $73.98.
According to Raymond James, the prior rating for Juniper Networks Inc (NYSE:JNPR) was changed from Outperform to Strong Buy. In the second quarter, Juniper Networks showed an EPS of $0.42, compared to $0.43 from the year-ago quarter. The current stock performance of Juniper Networks shows a 52-week-high of $38.14 and a 52-week-low of $25.18. Moreover, at the end of the last trading period, the closing price was at $27.61.
See all analyst ratings upgrades.
Downgrades
For CVB Financial Corp (NASDAQ:CVBF), Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. In the third quarter, CVB Financial showed an EPS of $0.46, compared to $0.37 from the year-ago quarter. The current stock performance of CVB Financial shows a 52-week-high of $28.25 and a 52-week-low of $21.36. Moreover, at the end of the last trading period, the closing price was at $27.50.
According to Keefe, Bruyette & Woods, the prior rating for First Internet Bancorp (NASDAQ:INBK) was changed from Outperform to Market Perform. For the third quarter, First Internet had an EPS of $0.90, compared to year-ago quarter EPS of $1.27. The current stock performance of First Internet shows a 52-week-high of $53.56 and a 52-week-low of $24.50. Moreover, at the end of the last trading period, the closing price was at $24.57.
Craig-Hallum downgraded the previous rating for First Internet Bancorp (NASDAQ:INBK) from Buy to Hold. For the third quarter, First Internet had an EPS of $0.90, compared to year-ago quarter EPS of $1.27. The current stock performance of First Internet shows a 52-week-high of $53.56 and a 52-week-low of $24.50. Moreover, at the end of the last trading period, the closing price was at $24.57.
According to Raymond James, the prior rating for Toll Brothers Inc (NYSE:TOL) was changed from Outperform to Market Perform. In the third quarter, Toll Brothers showed an EPS of $2.35, compared to $1.87 from the year-ago quarter. The current stock performance of Toll Brothers shows a 52-week-high of $72.75 and a 52-week-low of $40.15. Moreover, at the end of the last trading period, the closing price was at $40.28.
According to Raymond James, the prior rating for PulteGroup Inc (NYSE:PHM) was changed from Strong Buy to Market Perform. For the second quarter, PulteGroup had an EPS of $2.73, compared to year-ago quarter EPS of $1.72. At the moment, the stock has a 52-week-high of $58.09 and a 52-week-low of $35.03. PulteGroup closed at $36.59 at the end of the last trading period.
According to Raymond James, the prior rating for M.D.C. Holdings Inc (NYSE:MDC) was changed from Strong Buy to Market Perform. For the second quarter, M.D.C. Holdings had an EPS of $2.59, compared to year-ago quarter EPS of $2.11. The stock has a 52-week-high of $56.53 and a 52-week-low of $27.04. At the end of the last trading period, M.D.C. Holdings closed at $28.70.
For Lennar Corp (NYSE:LEN), Raymond James downgraded the previous rating of Outperform to Market Perform. In the third quarter, Lennar showed an EPS of $5.18, compared to $3.27 from the year-ago quarter. The stock has a 52-week-high of $116.36 and a 52-week-low of $62.54. At the end of the last trading period, Lennar closed at $71.38.
Raymond James downgraded the previous rating for KB Home (NYSE:KBH) from Strong Buy to Market Perform. KB Home earned $2.86 in the third quarter, compared to $1.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $50.20 and a 52-week-low of $24.78. KB Home closed at $26.48 at the end of the last trading period.
For D.R. Horton Inc (NYSE:DHI), Raymond James downgraded the previous rating of Strong Buy to Outperform. D.R. Horton earned $4.67 in the third quarter, compared to $3.10 in the year-ago quarter. The stock has a 52-week-high of $108.64 and a 52-week-low of $59.25. At the end of the last trading period, D.R. Horton closed at $67.14.
Raymond James downgraded the previous rating for Banner Corp (NASDAQ:BANR) from Strong Buy to Outperform. In the third quarter, Banner showed an EPS of $1.42, compared to $1.57 from the year-ago quarter. The current stock performance of Banner shows a 52-week-high of $69.67 and a 52-week-low of $52.35. Moreover, at the end of the last trading period, the closing price was at $67.29.
SVB Leerink downgraded the previous rating for Immunic Inc (NASDAQ:IMUX) from Outperform to Market Perform. Immunic earned $0.72 in the second quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $14.50 and a 52-week-low of $2.52. At the end of the last trading period, Immunic closed at $9.20.
For Zymeworks BC Inc (NYSE:ZYME), SVB Leerink downgraded the previous rating of Outperform to Market Perform. In the second quarter, Zymeworks BC showed an EPS of $0.92, compared to $1.31 from the year-ago quarter. The current stock performance of Zymeworks BC shows a 52-week-high of $17.27 and a 52-week-low of $4.11. Moreover, at the end of the last trading period, the closing price was at $6.45.
According to Janney Montgomery Scott, the prior rating for SVB Financial Group (NASDAQ:SIVB) was changed from Buy to Neutral. SVB Finl Gr earned $7.21 in the third quarter, compared to $6.24 in the year-ago quarter. The current stock performance of SVB Finl Gr shows a 52-week-high of $752.68 and a 52-week-low of $301.88. Moreover, at the end of the last trading period, the closing price was at $302.46.
According to JP Morgan, the prior rating for Robert Half International Inc (NYSE:RHI) was changed from Overweight to Neutral. For the third quarter, Robert Half International had an EPS of $1.53, compared to year-ago quarter EPS of $1.53. The stock has a 52-week-high of $125.77 and a 52-week-low of $71.96. At the end of the last trading period, Robert Half International closed at $79.84.
For Snap Inc (NYSE:SNAP), B of A Securities downgraded the previous rating of Buy to Neutral. For the third quarter, Snap had an EPS of $0.08, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $47.71 and a 52-week-low of $9.34. At the end of the last trading period, Snap closed at $10.79.
According to Piper Sandler, the prior rating for SVB Financial Group (NASDAQ:SIVB) was changed from Overweight to Neutral. For the third quarter, SVB Finl Gr had an EPS of $7.21, compared to year-ago quarter EPS of $6.24. The current stock performance of SVB Finl Gr shows a 52-week-high of $752.68 and a 52-week-low of $301.88. Moreover, at the end of the last trading period, the closing price was at $302.46.
For Cognizant Technology Solutions Corp (NASDAQ:CTSH), B of A Securities downgraded the previous rating of Buy to Neutral. Cognizant Tech Solns earned $1.14 in the second quarter, compared to $0.99 in the year-ago quarter. The stock has a 52-week-high of $93.47 and a 52-week-low of $55.40. At the end of the last trading period, Cognizant Tech Solns closed at $59.78.
According to Bernstein, the prior rating for Snap Inc (NYSE:SNAP) was changed from Outperform to Market Perform. For the third quarter, Snap had an EPS of $0.08, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $47.71 and a 52-week-low of $9.34. Snap closed at $10.79 at the end of the last trading period.
According to MKM Partners, the prior rating for Snap Inc (NYSE:SNAP) was changed from Buy to Neutral. For the third quarter, Snap had an EPS of $0.08, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $47.71 and a 52-week-low of $9.34. Snap closed at $10.79 at the end of the last trading period.
According to Oppenheimer, the prior rating for NeuBase Therapeutics Inc (NASDAQ:NBSE) was changed from Outperform to Perform. In the third quarter, NeuBase Therapeutics showed an EPS of $0.26, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $3.18 and a 52-week-low of $0.27. At the end of the last trading period, NeuBase Therapeutics closed at $0.30.
According to Stifel, the prior rating for Mister Car Wash Inc (NYSE:MCW) was changed from Buy to Hold. For the second quarter, Mister Car Wash had an EPS of $0.11, compared to year-ago quarter EPS of $0.14. The current stock performance of Mister Car Wash shows a 52-week-high of $19.10 and a 52-week-low of $8.21. Moreover, at the end of the last trading period, the closing price was at $8.40.
According to Needham, the prior rating for Rapid7 Inc (NASDAQ:RPD) was changed from Buy to Hold. Rapid7 earned $0.01 in the second quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $118.42 and a 52-week-low of $38.36. Rapid7 closed at $45.28 at the end of the last trading period.
For The Hain Celestial Group Inc (NASDAQ:HAIN), Piper Sandler downgraded the previous rating of Overweight to Neutral. For the fourth quarter, Hain Celestial Group had an EPS of $0.08, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $43.53 and a 52-week-low of $15.23. Hain Celestial Group closed at $15.97 at the end of the last trading period.
RBC Capital downgraded the previous rating for Equifax Inc (NYSE:EFX) from Outperform to Sector Perform. Equifax earned $1.73 in the third quarter, compared to $1.85 in the year-ago quarter. At the moment, the stock has a 52-week-high of $294.93 and a 52-week-low of $149.13. Equifax closed at $150.24 at the end of the last trading period.
For Mechel PAO (NYSE:MTL), RBC Capital downgraded the previous rating of Outperform to Sector Perform. NoneAt the moment, the stock has a 52-week-high of $4.32 and a 52-week-low of $1.88. Mechel PAO closed at $2.25 at the end of the last trading period.
According to RBC Capital, the prior rating for Ovintiv Inc (NYSE:OVV) was changed from Outperform to Sector Perform. For the second quarter, Ovintiv had an EPS of $2.41, compared to year-ago quarter EPS of $1.11. At the moment, the stock has a 52-week-high of $63.30 and a 52-week-low of $33.59. Ovintiv closed at $50.15 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
Cantor Fitzgerald initiated coverage on Palo Alto Networks Inc (NASDAQ:PANW) with an Overweight rating. The price target for Palo Alto Networks is set to $220.00. For the fourth quarter, Palo Alto Networks had an EPS of $0.80, compared to year-ago quarter EPS of $0.53. The current stock performance of Palo Alto Networks shows a 52-week-high of $213.63 and a 52-week-low of $140.52. Moreover, at the end of the last trading period, the closing price was at $158.57.
Cantor Fitzgerald initiated coverage on Zscaler Inc (NASDAQ:ZS) with a Neutral rating. The price target for Zscaler is set to $160.00. In the fourth quarter, Zscaler showed an EPS of $0.25, compared to $0.14 from the year-ago quarter. The current stock performance of Zscaler shows a 52-week-high of $323.55 and a 52-week-low of $125.12. Moreover, at the end of the last trading period, the closing price was at $150.23.
With a Hold rating, Jefferies initiated coverage on Sol-Gel Technologies Ltd (NASDAQ:SLGL). The price target seems to have been set at $5.50 for Sol-Gel Technologies. For the second quarter, Sol-Gel Technologies had an EPS of $0.01, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $8.51 and a 52-week-low of $3.94. At the end of the last trading period, Sol-Gel Technologies closed at $4.76.
With a Buy rating, UBS initiated coverage on Bruker Corp (NASDAQ:BRKR). The price target seems to have been set at $70.00 for Bruker. For the second quarter, Bruker had an EPS of $0.45, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $83.69 and a 52-week-low of $48.42. At the end of the last trading period, Bruker closed at $55.98.
With a Neutral rating, UBS initiated coverage on Bloomin Brands Inc (NASDAQ:BLMN). The price target seems to have been set at $23.00 for Bloomin Brands. In the second quarter, Bloomin Brands showed an EPS of $0.68, compared to $0.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.51 and a 52-week-low of $15.89. Bloomin Brands closed at $21.17 at the end of the last trading period.
Truist Securities initiated coverage on Air Transport Services Group Inc (NASDAQ:ATSG) with a Hold rating. The price target for Air Transport Services Gr is set to $26.00. In the second quarter, Air Transport Services Gr showed an EPS of $0.59, compared to $0.35 from the year-ago quarter. The stock has a 52-week-high of $34.54 and a 52-week-low of $23.32. At the end of the last trading period, Air Transport Services Gr closed at $28.73.
With an Outperform rating, RBC Capital initiated coverage on Axonics Inc (NASDAQ:AXNX). The price target seems to have been set at $85.00 for Axonics. In the second quarter, Axonics showed an EPS of $0.47, compared to $0.59 from the year-ago quarter. The current stock performance of Axonics shows a 52-week-high of $79.92 and a 52-week-low of $38.41. Moreover, at the end of the last trading period, the closing price was at $68.49.
Barclays initiated coverage on CCC Intelligent Solutions Holdings Inc (NYSE:CCCS) with a Equal-Weight rating. The price target for CCC Intelligent Solutions is set to $10.00. In the second quarter, CCC Intelligent Solutions showed an EPS of $0.06, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.54 and a 52-week-low of $7.41. CCC Intelligent Solutions closed at $8.55 at the end of the last trading period.
Cantor Fitzgerald initiated coverage on Cerberus Cyber Sentinel Corp (NASDAQ:CISO) with an Overweight rating. The price target for Cerberus Cyber Sentinel is set to $5.00. In the second quarter, Cerberus Cyber Sentinel showed an EPS of $0.05, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.00 and a 52-week-low of $2.15. Cerberus Cyber Sentinel closed at $3.02 at the end of the last trading period.
Goldman Sachs initiated coverage on Workiva Inc (NYSE:WK) with a Buy rating. The price target for Workiva is set to $101.00. For the second quarter, Workiva had an EPS of $0.17, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $131.91 and a 52-week-low of $59.43. At the end of the last trading period, Workiva closed at $72.91.
With a Buy rating, Goldman Sachs initiated coverage on Vertex Inc (NASDAQ:VERX). The price target seems to have been set at $20.00 for Vertex. Vertex earned $0.06 in the second quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Vertex shows a 52-week-high of $16.97 and a 52-week-low of $9.44. Moreover, at the end of the last trading period, the closing price was at $15.94.
With a Sell rating, Goldman Sachs initiated coverage on BlackLine Inc (NASDAQ:BL). The price target seems to have been set at $57.00 for BlackLine. In the second quarter, BlackLine showed an EPS of $0.07, compared to $0.15 from the year-ago quarter. The current stock performance of BlackLine shows a 52-week-high of $104.64 and a 52-week-low of $49.66. Moreover, at the end of the last trading period, the closing price was at $56.63.
With a Neutral rating, Goldman Sachs initiated coverage on E2open Parent Holdings Inc (NYSE:ETWO). The price target seems to have been set at $5.50 for E2open Parent Holdings. For the second quarter, E2open Parent Holdings had an EPS of $0.05, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $11.56 and a 52-week-low of $5.01. E2open Parent Holdings closed at $5.04 at the end of the last trading period.
Goldman Sachs initiated coverage on Zuora Inc (NYSE:ZUO) with a Neutral rating. The price target for Zuora is set to $9.00. In the second quarter, Zuora showed an EPS of $0.03, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $18.80 and a 52-week-low of $6.13. At the end of the last trading period, Zuora closed at $7.05.
With a Buy rating, Jefferies initiated coverage on Phathom Pharmaceuticals Inc (NASDAQ:PHAT). The price target seems to have been set at $16.00 for Phathom Pharmaceuticals. Phathom Pharmaceuticals earned $1.33 in the second quarter, compared to $1.00 in the year-ago quarter. The stock has a 52-week-high of $20.30 and a 52-week-low of $6.09. At the end of the last trading period, Phathom Pharmaceuticals closed at $9.92.
With a Hold rating, Jefferies initiated coverage on Viatris Inc (NASDAQ:VTRS). The price target seems to have been set at $11.00 for Viatris. In the second quarter, Viatris showed an EPS of $0.88, compared to $0.98 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.60 and a 52-week-low of $8.42. Viatris closed at $9.34 at the end of the last trading period.
Oppenheimer initiated coverage on Revolution Medicines Inc (NASDAQ:RVMD) with an Outperform rating. The price target for Revolution Medicines is set to $30.00. For the second quarter, Revolution Medicines had an EPS of $0.82, compared to year-ago quarter EPS of $0.60. At the moment, the stock has a 52-week-high of $27.49 and a 52-week-low of $14.08. Revolution Medicines closed at $17.68 at the end of the last trading period.
Citigroup initiated coverage on Ormat Technologies Inc (NYSE:ORA) with a Neutral rating. The price target for Ormat Technologies is set to $91.00. For the second quarter, Ormat Technologies had an EPS of $0.22, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $98.47 and a 52-week-low of $60.32. At the end of the last trading period, Ormat Technologies closed at $83.69.
Credit Suisse initiated coverage on Univar Solutions Inc (NYSE:UNVR) with an Outperform rating. The price target for Univar Solns is set to $31.00. In the second quarter, Univar Solns showed an EPS of $1.00, compared to $0.57 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.00 and a 52-week-low of $21.49. Univar Solns closed at $23.90 at the end of the last trading period.
With an Underperform rating, Credit Suisse initiated coverage on Axalta Coating Systems Ltd (NYSE:AXTA). The price target seems to have been set at $20.00 for Axalta Coating Sys. For the second quarter, Axalta Coating Sys had an EPS of $0.41, compared to year-ago quarter EPS of $0.48. At the moment, the stock has a 52-week-high of $34.12 and a 52-week-low of $20.66. Axalta Coating Sys closed at $22.78 at the end of the last trading period.