Benzinga's Top Ratings Upgrades, Downgrades For October 5, 2023

Upgrades

According to OTR Global, the prior rating for Generac Holdings Inc (NYSE:GNRC) was changed from Negative to Mixed. In the second quarter, Generac Hldgs showed an EPS of $1.08, compared to $2.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $186.65 and a 52-week-low of $86.29. Generac Hldgs closed at $101.71 at the end of the last trading period.

According to B of A Securities, the prior rating for Trane Technologies PLC (NYSE:TT) was changed from Underperform to Neutral. Trane Technologies earned $2.68 in the second quarter, compared to $2.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $211.58 and a 52-week-low of $139.19. Trane Technologies closed at $200.39 at the end of the last trading period.

For UWM Holdings Corp (NYSE:UWMC), BTIG upgraded the previous rating of Neutral to Buy. UWM Hldgs earned $0.11 in the second quarter, compared to $0.10 in the year-ago quarter. The current stock performance of UWM Hldgs shows a 52-week-high of $6.98 and a 52-week-low of $2.85. Moreover, at the end of the last trading period, the closing price was at $4.67.

B of A Securities upgraded the previous rating for Parker Hannifin Corp (NYSE:PH) from Neutral to Buy. For the fourth quarter, Parker Hannifin had an EPS of $6.08, compared to year-ago quarter EPS of $5.16. The current stock performance of Parker Hannifin shows a 52-week-high of $428.16 and a 52-week-low of $244.94. Moreover, at the end of the last trading period, the closing price was at $384.59.

For Grupo Televisa SAB (NYSE:TV), B of A Securities upgraded the previous rating of Neutral to Buy. In the first quarter, Grupo Televisa showed an EPS of $0.07, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $6.57 and a 52-week-low of $2.77. At the end of the last trading period, Grupo Televisa closed at $2.92.

For America Movil SAB de CV (NYSE:AMX), B of A Securities upgraded the previous rating of Neutral to Buy. America Movil earned $0.46 in the second quarter, compared to $0.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.07 and a 52-week-low of $16.14. America Movil closed at $16.89 at the end of the last trading period.

Needham upgraded the previous rating for Ceridian HCM Holding Inc (NYSE:CDAY) from Hold to Buy. Ceridian HCM Holding earned $0.32 in the second quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $79.66 and a 52-week-low of $51.55. At the end of the last trading period, Ceridian HCM Holding closed at $69.05.

For Pinnacle West Capital Corp (NYSE:PNW), Keybanc upgraded the previous rating of Underweight to Sector Weight. Pinnacle West Capital earned $0.94 in the second quarter, compared to $1.45 in the year-ago quarter. The current stock performance of Pinnacle West Capital shows a 52-week-high of $86.03 and a 52-week-low of $59.07. Moreover, at the end of the last trading period, the closing price was at $71.74.

Keybanc upgraded the previous rating for Entergy Corp (NYSE:ETR) from Sector Weight to Overweight. In the second quarter, Entergy showed an EPS of $1.84, compared to $1.78 from the year-ago quarter. The current stock performance of Entergy shows a 52-week-high of $120.73 and a 52-week-low of $87.10. Moreover, at the end of the last trading period, the closing price was at $91.02.

Keybanc upgraded the previous rating for DTE Energy Co (NYSE:DTE) from Sector Weight to Overweight. DTE Energy earned $0.99 in the second quarter, compared to $0.88 in the year-ago quarter. At the moment, the stock has a 52-week-high of $122.27 and a 52-week-low of $93.85. DTE Energy closed at $97.11 at the end of the last trading period.

According to Keybanc, the prior rating for CenterPoint Energy Inc (NYSE:CNP) was changed from Sector Weight to Overweight. CenterPoint Energy earned $0.28 in the second quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $31.50 and a 52-week-low of $25.03. At the end of the last trading period, CenterPoint Energy closed at $26.54.

Keybanc upgraded the previous rating for CMS Energy Corp (NYSE:CMS) from Sector Weight to Overweight. CMS Energy earned $0.75 in the second quarter, compared to $0.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $65.72 and a 52-week-low of $49.87. CMS Energy closed at $52.28 at the end of the last trading period.

For Prosperity Bancshares Inc (NYSE:PB), Raymond James upgraded the previous rating of Outperform to Strong Buy. Prosperity Bancshares earned $1.21 in the second quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $78.76 and a 52-week-low of $51.37. Prosperity Bancshares closed at $52.25 at the end of the last trading period.

RBC Capital upgraded the previous rating for Beacon Roofing Supply Inc (NASDAQ:BECN) from Sector Perform to Outperform. Beacon Roofing Supply earned $2.66 in the second quarter, compared to $2.80 in the year-ago quarter. The stock has a 52-week-high of $87.46 and a 52-week-low of $50.42. At the end of the last trading period, Beacon Roofing Supply closed at $75.25.

For Live Oak Bancshares Inc (NYSE:LOB), JP Morgan upgraded the previous rating of Neutral to Overweight. Live Oak Bancshares earned $0.39 in the second quarter, compared to $2.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.37 and a 52-week-low of $17.30. Live Oak Bancshares closed at $27.36 at the end of the last trading period.

For O'Reilly Automotive Inc (NASDAQ:ORLY), Citigroup upgraded the previous rating of Neutral to Buy. For the second quarter, O'Reilly Automotive had an EPS of $10.22, compared to year-ago quarter EPS of $8.78. The current stock performance of O'Reilly Automotive shows a 52-week-high of $975.72 and a 52-week-low of $705.74. Moreover, at the end of the last trading period, the closing price was at $897.20.

According to Piper Sandler, the prior rating for Investar Holding Corp (NASDAQ:ISTR) was changed from Neutral to Overweight. For the second quarter, Investar Holding had an EPS of $0.67, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $22.33 and a 52-week-low of $9.27. Investar Holding closed at $10.36 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Orchard Therapeutics PLC (NASDAQ:ORTX), Stifel downgraded the previous rating of Buy to Hold. For the second quarter, Orchard Therapeutics had an EPS of $0.07, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $8.35 and a 52-week-low of $3.60. At the end of the last trading period, Orchard Therapeutics closed at $8.14.

Northland Capital Markets downgraded the previous rating for Shoals Technologies Group Inc (NASDAQ:SHLS) from Outperform to Market Perform. In the second quarter, Shoals Technologies Gr showed an EPS of $0.14, compared to $0.07 from the year-ago quarter. The current stock performance of Shoals Technologies Gr shows a 52-week-high of $32.37 and a 52-week-low of $15.40. Moreover, at the end of the last trading period, the closing price was at $16.62.

For LiveVox Holdings Inc (NASDAQ:LVOX), Northland Capital Markets downgraded the previous rating of Outperform to Market Perform. LiveVox Hldgs earned $0.05 in the second quarter, compared to $0.12 in the year-ago quarter. The current stock performance of LiveVox Hldgs shows a 52-week-high of $3.65 and a 52-week-low of $1.71. Moreover, at the end of the last trading period, the closing price was at $3.62.

According to Ladenburg Thalmann, the prior rating for SAB Biotherapeutics Inc (NASDAQ:SABS) was changed from Buy to Neutral. In the second quarter, SAB Biotherapeutics showed an EPS of $0.14, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $1.45 and a 52-week-low of $0.37. At the end of the last trading period, SAB Biotherapeutics closed at $0.71.

According to Exane BNP Paribas, the prior rating for YETI Holdings Inc (NYSE:YETI) was changed from Outperform to Neutral. In the second quarter, YETI Holdings showed an EPS of $0.57, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.27 and a 52-week-low of $28.75. YETI Holdings closed at $44.27 at the end of the last trading period.

B of A Securities downgraded the previous rating for Canadian National Railway Co (NYSE:CNI) from Buy to Neutral. For the second quarter, Canadian National Railway had an EPS of $1.31, compared to year-ago quarter EPS of $1.51. The current stock performance of Canadian National Railway shows a 52-week-high of $129.85 and a 52-week-low of $103.81. Moreover, at the end of the last trading period, the closing price was at $106.45.

B of A Securities downgraded the previous rating for Bread Financial Holdings Inc (NYSE:BFH) from Buy to Neutral. For the second quarter, Bread Finl Hldgs had an EPS of $1.27, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $44.52 and a 52-week-low of $23.19. Bread Finl Hldgs closed at $31.34 at the end of the last trading period.

For Carrier Global Corp (NYSE:CARR), B of A Securities downgraded the previous rating of Neutral to Underperform. In the second quarter, Carrier Global showed an EPS of $0.79, compared to $0.70 from the year-ago quarter. At the moment, the stock has a 52-week-high of $60.04 and a 52-week-low of $33.11. Carrier Global closed at $54.61 at the end of the last trading period.

According to Oppenheimer, the prior rating for Cambium Networks Corp (NASDAQ:CMBM) was changed from Outperform to Perform. For the second quarter, Cambium Networks had an EPS of $0.03, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $24.19 and a 52-week-low of $6.93. Cambium Networks closed at $7.92 at the end of the last trading period.

According to Raymond James, the prior rating for Comerica Inc (NYSE:CMA) was changed from Strong Buy to Outperform. In the second quarter, Comerica showed an EPS of $2.01, compared to $1.92 from the year-ago quarter. The stock has a 52-week-high of $77.34 and a 52-week-low of $28.40. At the end of the last trading period, Comerica closed at $39.60.

For NextEra Energy Inc (NYSE:NEE), Keybanc downgraded the previous rating of Overweight to Sector Weight. In the second quarter, NextEra Energy showed an EPS of $0.88, compared to $0.81 from the year-ago quarter. The current stock performance of NextEra Energy shows a 52-week-high of $88.59 and a 52-week-low of $50.18. Moreover, at the end of the last trading period, the closing price was at $50.62.

According to New Street Research, the prior rating for Nu Holdings Ltd (NYSE:NU) was changed from Buy to Neutral. For the second quarter, Nu Holdings had an EPS of $0.05, compared to year-ago quarter EPS of $0.01. 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 $7.03.

According to Jefferies, the prior rating for Marriott Vacations Worldwide Corp (NYSE:VAC) was changed from Buy to Hold. In the second quarter, Marriott Vacations showed an EPS of $2.19, compared to $2.87 from the year-ago quarter. At the moment, the stock has a 52-week-high of $165.85 and a 52-week-low of $94.95. Marriott Vacations closed at $96.36 at the end of the last trading period.

According to Raymond James, the prior rating for Clorox Co (NYSE:CLX) was changed from Outperform 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 $124.59. Clorox closed at $131.83 at the end of the last trading period.

For SomaLogic Inc (NASDAQ:SLGC), Jefferies downgraded the previous rating of Buy to Hold. For the second quarter, SomaLogic had an EPS of $0.13, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $3.79 and a 52-week-low of $1.93. SomaLogic closed at $2.07 at the end of the last trading period.

For Tractor Supply Co (NASDAQ:TSCO), Citigroup downgraded the previous rating of Buy to Neutral. In the second quarter, Tractor Supply showed an EPS of $3.83, compared to $3.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $251.17 and a 52-week-low of $187.47. Tractor Supply closed at $206.01 at the end of the last trading period.

Citigroup downgraded the previous rating for Floor & Decor Holdings Inc (NYSE:FND) from Buy to Neutral. For the second quarter, Floor & Decor Hldgs had an EPS of $0.66, compared to year-ago quarter EPS of $0.76. The current stock performance of Floor & Decor Hldgs shows a 52-week-high of $116.03 and a 52-week-low of $63.52. Moreover, at the end of the last trading period, the closing price was at $87.48.

Citigroup downgraded the previous rating for Paymentus Holdings Inc (NYSE:PAY) from Buy to Neutral. Paymentus Holdings earned $0.08 in the second quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $17.24 and a 52-week-low of $6.85. At the end of the last trading period, Paymentus Holdings closed at $15.34.

Redburn Atlantic downgraded the previous rating for The Cooper Companies Inc (NASDAQ:COO) from Buy to Neutral. For the third quarter, Cooper Companies had an EPS of $3.35, compared to year-ago quarter EPS of $3.19. At the moment, the stock has a 52-week-high of $399.62 and a 52-week-low of $244.53. Cooper Companies closed at $314.87 at the end of the last trading period.

JMP Securities downgraded the previous rating for Cambium Networks Corp (NASDAQ:CMBM) from Market Outperform to Market Perform. In the second quarter, Cambium Networks showed an EPS of $0.03, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $24.19 and a 52-week-low of $6.93. At the end of the last trading period, Cambium Networks closed at $7.92.

For BioXcel Therapeutics Inc (NASDAQ:BTAI), Truist Securities downgraded the previous rating of Buy to Hold. In the second quarter, BioXcel Therapeutics showed an EPS of $1.83, compared to $1.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.12 and a 52-week-low of $2.23. BioXcel Therapeutics closed at $2.65 at the end of the last trading period.

For Kezar Life Sciences Inc (NASDAQ:KZR), JonesTrading downgraded the previous rating of Buy to Hold. Kezar Life Sciences earned $0.34 in the second quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Kezar Life Sciences shows a 52-week-high of $8.97 and a 52-week-low of $0.95. Moreover, at the end of the last trading period, the closing price was at $1.01.

See all analyst ratings downgrades.

Initiations

With a Neutral rating, B of A Securities initiated coverage on Shake Shack Inc (NYSE:SHAK). The price target seems to have been set at $66.00 for Shake Shack. For the second quarter, Shake Shack had an EPS of $0.18, compared to year-ago quarter EPS of $0.00. At the moment, the stock has a 52-week-high of $80.58 and a 52-week-low of $40.83. Shake Shack closed at $57.96 at the end of the last trading period.

For Wingstop Inc (NASDAQ:WING), B of A Securities initiated coverage, by setting the current rating at Buy. In the second quarter, Wingstop showed an EPS of $0.57, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $223.77 and a 52-week-low of $113.20. At the end of the last trading period, Wingstop closed at $184.62.

With an Outperform rating, BMO Capital initiated coverage on PBF Energy Inc (NYSE:PBF). The price target seems to have been set at $60.00 for PBF Energy. PBF Energy earned $2.29 in the second quarter, compared to $10.58 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.38 and a 52-week-low of $31.25. PBF Energy closed at $45.65 at the end of the last trading period.

With an Outperform rating, BMO Capital initiated coverage on HF Sinclair Corp (NYSE:DINO). The price target seems to have been set at $65.00 for HF Sinclair. In the second quarter, HF Sinclair showed an EPS of $2.60, compared to $5.59 from the year-ago quarter. The stock has a 52-week-high of $66.17 and a 52-week-low of $37.12. At the end of the last trading period, HF Sinclair closed at $52.25.

Rosenblatt initiated coverage on Fabrinet (NYSE:FN) with a Buy rating. The price target for Fabrinet is set to $230.00. For the fourth quarter, Fabrinet had an EPS of $1.86, compared to year-ago quarter EPS of $1.68. The stock has a 52-week-high of $170.77 and a 52-week-low of $90.19. At the end of the last trading period, Fabrinet closed at $170.10.

With an Outperform rating, RBC Capital initiated coverage on Johnson & Johnson (NYSE:JNJ). The price target seems to have been set at $178.00 for Johnson & Johnson. In the second quarter, Johnson & Johnson showed an EPS of $2.80, compared to $2.59 from the year-ago quarter. The stock has a 52-week-high of $181.02 and a 52-week-low of $150.11. At the end of the last trading period, Johnson & Johnson closed at $155.52.

RBC Capital initiated coverage on Alpine Immune Sciences Inc (NASDAQ:ALPN) with an Outperform rating. The price target for Alpine Immune Sciences is set to $19.00. For the second quarter, Alpine Immune Sciences had an EPS of $0.27, compared to year-ago quarter EPS of $0.60. 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 $11.70 at the end of the last trading period.

With a Hold rating, Deutsche Bank initiated coverage on Equitable Holdings Inc (NYSE:EQH). The price target seems to have been set at $31.00 for Equitable Hldgs. For the second quarter, Equitable Hldgs had an EPS of $1.27, compared to year-ago quarter EPS of $1.31. The stock has a 52-week-high of $33.24 and a 52-week-low of $21.89. At the end of the last trading period, Equitable Hldgs closed at $26.85.

Deutsche Bank initiated coverage on Chubb Ltd (NYSE:CB) with a Buy rating. The price target for Chubb is set to $269.00. In the second quarter, Chubb showed an EPS of $4.92, compared to $4.20 from the year-ago quarter. The stock has a 52-week-high of $231.37 and a 52-week-low of $181.45. At the end of the last trading period, Chubb closed at $207.67.

Deutsche Bank initiated coverage on The Travelers Companies Inc (NYSE:TRV) with a Hold rating. The price target for Travelers Companies is set to $186.00. For the second quarter, Travelers Companies had an EPS of $0.06, compared to year-ago quarter EPS of $2.57. The stock has a 52-week-high of $194.51 and a 52-week-low of $156.11. At the end of the last trading period, Travelers Companies closed at $162.50.

Deutsche Bank initiated coverage on Prudential Financial Inc (NYSE:PRU) with a Hold rating. The price target for Prudential Financial is set to $99.00. For the second quarter, Prudential Financial had an EPS of $2.94, compared to year-ago quarter EPS of $1.74. The stock has a 52-week-high of $110.95 and a 52-week-low of $75.37. At the end of the last trading period, Prudential Financial closed at $91.19.

With a Hold rating, Deutsche Bank initiated coverage on Corebridge Financial Inc (NYSE:CRBG). The price target seems to have been set at $24.00 for Corebridge Financial. For the second quarter, Corebridge Financial had an EPS of $1.04, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $23.49 and a 52-week-low of $14.01. Corebridge Financial closed at $19.14 at the end of the last trading period.

With a Hold rating, Deutsche Bank initiated coverage on The Hartford Financial Services Group Inc (NYSE:HIG). The price target seems to have been set at $85.00 for Hartford Finl Servs Gr. Hartford Finl Servs Gr earned $1.88 in the second quarter, compared to $2.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.44 and a 52-week-low of $62.43. Hartford Finl Servs Gr closed at $70.16 at the end of the last trading period.

With a Hold rating, Deutsche Bank initiated coverage on Aon PLC (NYSE:AON). The price target seems to have been set at $361.00 for Aon. For the second quarter, Aon had an EPS of $2.76, compared to year-ago quarter EPS of $2.63. At the moment, the stock has a 52-week-high of $347.37 and a 52-week-low of $266.94. Aon closed at $324.96 at the end of the last trading period.

With a Buy rating, Deutsche Bank initiated coverage on Arthur J. Gallagher & Co (NYSE:AJG). The price target seems to have been set at $277.00 for Arthur J. Gallagher. Arthur J. Gallagher earned $1.90 in the second quarter, compared to $1.70 in the year-ago quarter. At the moment, the stock has a 52-week-high of $237.63 and a 52-week-low of $169.19. Arthur J. Gallagher closed at $229.26 at the end of the last trading period.

With a Buy rating, Deutsche Bank initiated coverage on Marsh & McLennan Companies Inc (NYSE:MMC). The price target seems to have been set at $226.00 for Marsh & McLennan. For the second quarter, Marsh & McLennan had an EPS of $2.20, compared to year-ago quarter EPS of $1.89. The current stock performance of Marsh & McLennan shows a 52-week-high of $199.20 and a 52-week-low of $148.33. Moreover, at the end of the last trading period, the closing price was at $190.41.

With a Market Perform rating, Bernstein initiated coverage on Maplebear Inc (NASDAQ:CART). The price target seems to have been set at $30.00 for Maplebear. Maplebear earned $0.21 in the third quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Maplebear shows a 52-week-high of $42.95 and a 52-week-low of $26.11. Moreover, at the end of the last trading period, the closing price was at $27.31.

Stifel initiated coverage on Oculis Holding AG (NASDAQ:OCS) with a Buy rating. The price target for Oculis Holding is set to $35.00. At the moment, the stock has a 52-week-high of $14.50 and a 52-week-low of $6.26. Oculis Holding closed at $11.07 at the end of the last trading period.

With an Outperform rating, Wedbush initiated coverage on First Citizens BancShares Inc (NASDAQ:FCNCA). The price target seems to have been set at $1700.00 for First Citizens BancShares. First Citizens BancShares earned $52.60 in the second quarter, compared to $16.86 in the year-ago quarter. The stock has a 52-week-high of $1512.07 and a 52-week-low of $505.84. At the end of the last trading period, First Citizens BancShares closed at $1330.98.

Wedbush initiated coverage on First Horizon Corp (NYSE:FHN) with a Neutral rating. The price target for First Horizon is set to $12.00. First Horizon earned $0.39 in the second quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.90 and a 52-week-low of $8.99. First Horizon closed at $10.53 at the end of the last trading period.

See all analyst ratings initiations.