Benzinga's Top Ratings Upgrades, Downgrades For October 9, 2023
Upgrades
Scotiabank upgraded the previous rating for Mirati Therapeutics Inc (NASDAQ:MRTX) from Sector Underperform to Sector Perform. For the second quarter, Mirati Therapeutics had an EPS of $3.04, compared to year-ago quarter EPS of $3.18. At the moment, the stock has a 52-week-high of $101.20 and a 52-week-low of $27.30. Mirati Therapeutics closed at $60.20 at the end of the last trading period.
According to Loop Capital, the prior rating for MSC Industrial Direct Co Inc (NYSE:MSM) was changed from Hold to Buy. For the third quarter, MSC Industrial Direct Co had an EPS of $1.74, compared to year-ago quarter EPS of $1.82. The stock has a 52-week-high of $103.95 and a 52-week-low of $72.97. At the end of the last trading period, MSC Industrial Direct Co closed at $99.72.
For Patterson-UTI Energy Inc (NASDAQ:PTEN), Citigroup upgraded the previous rating of Neutral to Buy. Patterson-UTI Energy earned $0.43 in the second quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $19.81 and a 52-week-low of $9.70. At the end of the last trading period, Patterson-UTI Energy closed at $12.32.
According to Evercore ISI Group, the prior rating for Oracle Corp (NYSE:ORCL) was changed from In-Line to Outperform. In the first quarter, Oracle showed an EPS of $1.19, compared to $1.03 from the year-ago quarter. The stock has a 52-week-high of $127.54 and a 52-week-low of $61.66. At the end of the last trading period, Oracle closed at $109.96.
For Lennox International Inc (NYSE:LII), Goldman Sachs upgraded the previous rating of Sell to Buy. For the second quarter, Lennox Intl had an EPS of $6.15, compared to year-ago quarter EPS of $5.00. The stock has a 52-week-high of $393.02 and a 52-week-low of $203.82. At the end of the last trading period, Lennox Intl closed at $373.62.
For Aramark (NYSE:ARMK), Jefferies upgraded the previous rating of Hold to Buy. For the third quarter, Aramark had an EPS of $0.36, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $45.72 and a 52-week-low of $23.95. Aramark closed at $24.60 at the end of the last trading period.
According to Baird, the prior rating for On Holding AG (NYSE:ONON) was changed from Neutral to Outperform. On Holding earned $0.04 in the second quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $37.08 and a 52-week-low of $15.44. At the end of the last trading period, On Holding closed at $25.11.
For Zscaler Inc (NASDAQ:ZS), Barclays upgraded the previous rating of Equal-Weight to Overweight. Zscaler earned $0.64 in the fourth quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Zscaler shows a 52-week-high of $185.90 and a 52-week-low of $84.93. Moreover, at the end of the last trading period, the closing price was at $163.59.
See all analyst ratings upgrades.
Downgrades
Ladenburg Thalmann downgraded the previous rating for Dynatronics Corp (NASDAQ:DYNT) from Buy to Neutral. In the fourth quarter, Dynatronics showed an EPS of $0.63, compared to $0.50 from the year-ago quarter. The current stock performance of Dynatronics shows a 52-week-high of $2.73 and a 52-week-low of $0.69. Moreover, at the end of the last trading period, the closing price was at $0.69.
B. Riley Securities downgraded the previous rating for Mirati Therapeutics Inc (NASDAQ:MRTX) from Buy to Neutral. Mirati Therapeutics earned $3.04 in the second quarter, compared to $3.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $101.20 and a 52-week-low of $27.30. Mirati Therapeutics closed at $60.20 at the end of the last trading period.
For Apollo Global Management Inc (NYSE:APO), Oppenheimer downgraded the previous rating of Outperform to Perform. For the second quarter, Apollo Global Management had an EPS of $1.70, compared to year-ago quarter EPS of $0.94. The stock has a 52-week-high of $93.18 and a 52-week-low of $45.63. At the end of the last trading period, Apollo Global Management closed at $90.57.
According to Oppenheimer, the prior rating for Blue Owl Capital Inc (NYSE:OWL) was changed from Outperform to Perform. For the second quarter, Blue Owl Cap had an EPS of $0.16, compared to year-ago quarter EPS of $0.13. The current stock performance of Blue Owl Cap shows a 52-week-high of $14.04 and a 52-week-low of $8.06. Moreover, at the end of the last trading period, the closing price was at $13.65.
According to Raymond James, the prior rating for AeroVironment Inc (NASDAQ:AVAV) was changed from Strong Buy to Outperform. In the first quarter, AeroVironment showed an EPS of $1.00, compared to $0.10 from the year-ago quarter. The current stock performance of AeroVironment shows a 52-week-high of $124.33 and a 52-week-low of $74.91. Moreover, at the end of the last trading period, the closing price was at $105.02.
For Datadog Inc (NASDAQ:DDOG), B of A Securities downgraded the previous rating of Buy to Neutral. In the second quarter, Datadog showed an EPS of $0.36, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $118.02 and a 52-week-low of $61.34. Datadog closed at $94.43 at the end of the last trading period.
Evercore ISI Group downgraded the previous rating for Splunk Inc (NASDAQ:SPLK) from Outperform to In-Line. In the second quarter, Splunk showed an EPS of $0.71, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $147.14 and a 52-week-low of $65.00. Splunk closed at $146.70 at the end of the last trading period.
For Zurn Elkay Water Solutions Corp (NYSE:ZWS), Goldman Sachs downgraded the previous rating of Buy to Neutral. Zurn Elkay Water earned $0.24 in the second quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.87 and a 52-week-low of $19.29. Zurn Elkay Water closed at $26.46 at the end of the last trading period.
According to Redburn Atlantic, the prior rating for Spotify Technology SA (NYSE:SPOT) was changed from Buy to Neutral. In the second quarter, Spotify Technology showed an EPS of $1.69, compared to $0.91 from the year-ago quarter. At the moment, the stock has a 52-week-high of $182.00 and a 52-week-low of $69.41. Spotify Technology closed at $160.53 at the end of the last trading period.
According to Jefferies, the prior rating for Mirati Therapeutics Inc (NASDAQ:MRTX) was changed from Buy to Hold. Mirati Therapeutics earned $3.04 in the second quarter, compared to $3.18 in the year-ago quarter. The current stock performance of Mirati Therapeutics shows a 52-week-high of $101.20 and a 52-week-low of $27.30. Moreover, at the end of the last trading period, the closing price was at $60.20.
Barclays downgraded the previous rating for Tenable Holdings Inc (NASDAQ:TENB) from Overweight to Equal-Weight. For the second quarter, Tenable Holdings had an EPS of $0.22, compared to year-ago quarter EPS of $0.05. The current stock performance of Tenable Holdings shows a 52-week-high of $49.77 and a 52-week-low of $28.80. Moreover, at the end of the last trading period, the closing price was at $46.15.
For Mirati Therapeutics Inc (NASDAQ:MRTX), JMP Securities downgraded the previous rating of Market Outperform to Market Perform. In the second quarter, Mirati Therapeutics showed an EPS of $3.04, compared to $3.18 from the year-ago quarter. The stock has a 52-week-high of $101.20 and a 52-week-low of $27.30. At the end of the last trading period, Mirati Therapeutics closed at $60.20.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Jefferies initiated coverage on Laureate Education Inc (NASDAQ:LAUR). The price target seems to have been set at $20.00 for Laureate Education. For the second quarter, Laureate Education had an EPS of $0.35, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $14.80 and a 52-week-low of $9.24. Laureate Education closed at $14.10 at the end of the last trading period.
Loop Capital initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with a Buy rating. The price target for ARM Holdings is set to $69.00. 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 $54.08.
With a Buy rating, Rosenblatt initiated coverage on ARM Holdings PLC (NASDAQ:ARM). The price target seems to have been set at $85.00 for ARM Holdings. At the moment, the stock has a 52-week-high of $69.00 and a 52-week-low of $49.85. ARM Holdings closed at $54.08 at the end of the last trading period.
Wolfe Research initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with a Peer Perform rating. The current stock performance of ARM Holdings shows a 52-week-high of $69.00 and a 52-week-low of $49.85. Moreover, at the end of the last trading period, the closing price was at $54.08.
B of A Securities initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with a Buy rating. The price target for ARM Holdings is set to $65.00. The current stock performance of ARM Holdings shows a 52-week-high of $69.00 and a 52-week-low of $49.85. Moreover, at the end of the last trading period, the closing price was at $54.08.
With an Outperform rating, BMO Capital initiated coverage on Prime Medicine Inc (NASDAQ:PRME). The price target seems to have been set at $19.00 for Prime Medicine. Prime Medicine earned $0.47 in the second quarter, compared to $1.76 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.60 and a 52-week-low of $8.46. Prime Medicine closed at $8.88 at the end of the last trading period.
HC Wainwright & Co. initiated coverage on Scilex Holding Co (NASDAQ:SCLX) with a Buy rating. The price target for Scilex Holding is set to $12.00. For the second quarter, Scilex Holding had an EPS of $0.19, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $16.90 and a 52-week-low of $1.21. Scilex Holding closed at $1.57 at the end of the last trading period.
Mizuho initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with a Buy rating. The price target for ARM Holdings is set to $62.00. 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 $54.08.
With a Buy rating, Guggenheim initiated coverage on ARM Holdings PLC (NASDAQ:ARM). The price target seems to have been set at $64.00 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 $54.08.
With an Outperform rating, TD Cowen initiated coverage on ARM Holdings PLC (NASDAQ:ARM). The price target seems to have been set at $63.00 for ARM Holdings. At the moment, the stock has a 52-week-high of $69.00 and a 52-week-low of $49.85. ARM Holdings closed at $54.08 at the end of the last trading period.
Jefferies initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with a Buy rating. The price target for ARM Holdings is set to $64.00. The current stock performance of ARM Holdings shows a 52-week-high of $69.00 and a 52-week-low of $49.85. Moreover, at the end of the last trading period, the closing price was at $54.08.
Deutsche Bank initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with a Buy rating. The price target for ARM Holdings is set to $60.00. At the moment, the stock has a 52-week-high of $69.00 and a 52-week-low of $49.85. ARM Holdings closed at $54.08 at the end of the last trading period.
JP Morgan initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with an Overweight rating. The price target for ARM Holdings is set to $70.00. The current stock performance of ARM Holdings shows a 52-week-high of $69.00 and a 52-week-low of $49.85. Moreover, at the end of the last trading period, the closing price was at $54.08.
Baird initiated coverage on Calidi Biotherapeutics Inc (AMEX:CLDI) with an Outperform rating. The price target for Calidi Biotherapeutics is set to $9.00. The stock has a 52-week-high of $5.00 and a 52-week-low of $2.60. At the end of the last trading period, Calidi Biotherapeutics closed at $2.92.
BMO Capital initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with a Market Perform rating. The price target for ARM Holdings is set to $60.00. The current stock performance of ARM Holdings shows a 52-week-high of $69.00 and a 52-week-low of $49.85. Moreover, at the end of the last trading period, the closing price was at $54.08.
Barclays initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with an Overweight rating. The price target for ARM Holdings is set to $65.00. 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 $54.08.
Citigroup initiated coverage on ARM Holdings PLC (NASDAQ:ARM) with a Buy rating. The price target for ARM Holdings is set to $65.00. At the moment, the stock has a 52-week-high of $69.00 and a 52-week-low of $49.85. ARM Holdings closed at $54.08 at the end of the last trading period.
With a Buy rating, Goldman Sachs initiated coverage on ARM Holdings PLC (NASDAQ:ARM). The price target seems to have been set at $62.00 for ARM Holdings. The current stock performance of ARM Holdings shows a 52-week-high of $69.00 and a 52-week-low of $49.85. Moreover, at the end of the last trading period, the closing price was at $54.08.
