Benzinga's Top Ratings Upgrades, Downgrades For September 12, 2023

Upgrades

RBC Capital upgraded the previous rating for Equinox Gold Corp (AMEX:EQX) from Underperform to Sector Perform. In the second quarter, Equinox Gold showed an EPS of $0.02, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $5.84 and a 52-week-low of $2.36. At the end of the last trading period, Equinox Gold closed at $4.75.

According to B. Riley Securities, the prior rating for Bicycle Therapeutics PLC (NASDAQ:BCYC) was changed from Neutral to Buy. Bicycle Therapeutics earned $1.41 in the second quarter, compared to $0.90 in the year-ago quarter. The current stock performance of Bicycle Therapeutics shows a 52-week-high of $33.40 and a 52-week-low of $18.84. Moreover, at the end of the last trading period, the closing price was at $22.83.

According to Citigroup, the prior rating for BRP Inc (NASDAQ:DOOO) was changed from Neutral to Buy. BRP earned $2.41 in the second quarter, compared to $2.29 in the year-ago quarter. The current stock performance of BRP shows a 52-week-high of $92.74 and a 52-week-low of $58.96. Moreover, at the end of the last trading period, the closing price was at $73.66.

According to B of A Securities, the prior rating for Cintas Corp (NASDAQ:CTAS) was changed from Neutral to Buy. In the fourth quarter, Cintas showed an EPS of $3.33, compared to $2.81 from the year-ago quarter. The current stock performance of Cintas shows a 52-week-high of $518.71 and a 52-week-low of $370.99. Moreover, at the end of the last trading period, the closing price was at $497.85.

According to BMO Capital, the prior rating for Anglogold Ashanti Ltd (NYSE:AU) was changed from Market Perform to Outperform. NoneThe stock has a 52-week-high of $30.27 and a 52-week-low of $11.95. At the end of the last trading period, Anglogold Ashanti closed at $17.14.

RBC Capital upgraded the previous rating for Iamgold Corp (NYSE:IAG) from Underperform to Sector Perform. In the second quarter, Iamgold showed an EPS of $0.01, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.33 and a 52-week-low of $0.92. Iamgold closed at $2.23 at the end of the last trading period.

Wolfe Research upgraded the previous rating for CVS Health Corp (NYSE:CVS) from Peer Perform to Outperform. For the second quarter, CVS Health had an EPS of $2.21, compared to year-ago quarter EPS of $2.40. The current stock performance of CVS Health shows a 52-week-high of $104.62 and a 52-week-low of $64.62. Moreover, at the end of the last trading period, the closing price was at $68.75.

For Geron Corp (NASDAQ:GERN), Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Geron had an EPS of $0.09, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $3.84 and a 52-week-low of $1.95. Geron closed at $2.34 at the end of the last trading period.

According to RBC Capital, the prior rating for CareTrust REIT Inc (NYSE:CTRE) was changed from Sector Perform to Outperform. In the second quarter, CareTrust REIT showed an EPS of $0.35, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.44 and a 52-week-low of $16.22. CareTrust REIT closed at $20.11 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Osisko Development Corp (NYSE:ODV), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the second quarter, Osisko Development showed an EPS of $0.12, compared to $0.02 from the year-ago quarter. The current stock performance of Osisko Development shows a 52-week-high of $6.25 and a 52-week-low of $2.97. Moreover, at the end of the last trading period, the closing price was at $3.02.

For Earthstone Energy Inc (NYSE:ESTE), Capital One downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Earthstone Energy showed an EPS of $0.53, compared to $1.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.98 and a 52-week-low of $10.67. Earthstone Energy closed at $20.19 at the end of the last trading period.

B of A Securities downgraded the previous rating for Sight Sciences Inc (NASDAQ:SGHT) from Neutral to Underperform. For the second quarter, Sight Sciences had an EPS of $0.30, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $15.29 and a 52-week-low of $5.35. At the end of the last trading period, Sight Sciences closed at $6.51.

For Oracle Corp (NYSE:ORCL), Monness, Crespi, Hardt downgraded the previous rating of Buy to Neutral. For the first quarter, Oracle had an EPS of $1.19, compared to year-ago quarter EPS of $1.03. The stock has a 52-week-high of $127.54 and a 52-week-low of $60.78. At the end of the last trading period, Oracle closed at $126.71.

Stephens & Co. downgraded the previous rating for Hostess Brands Inc (NASDAQ:TWNK) from Overweight to Equal-Weight. Hostess Brands earned $0.28 in the second quarter, compared to $0.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.58 and a 52-week-low of $21.59. Hostess Brands closed at $33.49 at the end of the last trading period.

According to Janney Montgomery Scott, the prior rating for First National Corp (NASDAQ:FXNC) was changed from Buy to Neutral. First Ntl earned $0.56 in the second quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.44 and a 52-week-low of $13.13. First Ntl closed at $18.95 at the end of the last trading period.

William Blair downgraded the previous rating for Sight Sciences Inc (NASDAQ:SGHT) from Outperform to Market Perform. For the second quarter, Sight Sciences had an EPS of $0.30, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $15.29 and a 52-week-low of $5.35. At the end of the last trading period, Sight Sciences closed at $6.51.

For Enphase Energy Inc (NASDAQ:ENPH), Truist Securities downgraded the previous rating of Buy to Hold. Enphase Energy earned $1.47 in the second quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $118.14. Enphase Energy closed at $122.19 at the end of the last trading period.

RBC Capital downgraded the previous rating for RTX Corp (NYSE:RTX) from Outperform to Sector Perform. For the second quarter, RTX had an EPS of $1.29, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $108.84 and a 52-week-low of $75.99. RTX closed at $76.90 at the end of the last trading period.

According to Raymond James, the prior rating for Perion Network Ltd (NASDAQ:PERI) was changed from Outperform to Market Perform. For the second quarter, Perion Network had an EPS of $0.84, compared to year-ago quarter EPS of $0.51. The stock has a 52-week-high of $42.75 and a 52-week-low of $18.81. At the end of the last trading period, Perion Network closed at $34.19.

Barclays downgraded the previous rating for RTX Corp (NYSE:RTX) from Overweight to Equal-Weight. In the second quarter, RTX showed an EPS of $1.29, compared to $1.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $108.84 and a 52-week-low of $75.99. RTX closed at $76.90 at the end of the last trading period.

For Sight Sciences Inc (NASDAQ:SGHT), Piper Sandler downgraded the previous rating of Overweight to Neutral. For the second quarter, Sight Sciences had an EPS of $0.30, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of $15.29 and a 52-week-low of $5.35. Sight Sciences closed at $6.51 at the end of the last trading period.

According to Cantor Fitzgerald, the prior rating for Avantax Inc (NASDAQ:AVTA) was changed from Overweight to Neutral. In the second quarter, Avantax showed an EPS of $0.36, compared to $0.99 from the year-ago quarter. The stock has a 52-week-high of $30.23 and a 52-week-low of $17.94. At the end of the last trading period, Avantax closed at $25.54.

According to Truist Securities, the prior rating for Hostess Brands Inc (NASDAQ:TWNK) was changed from Buy to Hold. In the second quarter, Hostess Brands showed an EPS of $0.28, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.58 and a 52-week-low of $21.59. Hostess Brands closed at $33.49 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

RBC Capital initiated coverage on Omega Healthcare Investors Inc (NYSE:OHI) with a Sector Perform rating. The price target for Omega Healthcare Invts is set to $33.00. For the second quarter, Omega Healthcare Invts had an EPS of $0.74, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $33.15 and a 52-week-low of $25.61. Omega Healthcare Invts closed at $32.54 at the end of the last trading period.

With a Buy rating, Maxim Group initiated coverage on Gain Therapeutics Inc (NASDAQ:GANX). The price target seems to have been set at $10.00 for Gain Therapeutics. In the second quarter, Gain Therapeutics showed an EPS of $0.62, compared to $0.43 from the year-ago quarter. The stock has a 52-week-high of $6.19 and a 52-week-low of $2.80. At the end of the last trading period, Gain Therapeutics closed at $3.66.

Maxim Group initiated coverage on Genelux Corp (NASDAQ:GNLX) with a Buy rating. The price target for Genelux is set to $40.00. Genelux earned $0.23 in the second quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $40.98 and a 52-week-low of $5.35. At the end of the last trading period, Genelux closed at $22.40.

With a Sector Perform rating, Scotiabank initiated coverage on Rexford Industrial Realty Inc (NYSE:REXR). The price target seems to have been set at $59.00 for Rexford Industrial Realty. For the second quarter, Rexford Industrial Realty had an EPS of $0.54, compared to year-ago quarter EPS of $0.49. The current stock performance of Rexford Industrial Realty shows a 52-week-high of $66.71 and a 52-week-low of $48.80. Moreover, at the end of the last trading period, the closing price was at $53.01.

Evercore ISI Group initiated coverage on Aurora Innovation Inc (NASDAQ:AUR) with an In-Line rating. The price target for Aurora Innovation is set to $4.00. In the second quarter, Aurora Innovation showed an EPS of $0.18, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $3.92 and a 52-week-low of $1.10. At the end of the last trading period, Aurora Innovation closed at $3.30.

With an Outperform rating, TD Cowen initiated coverage on Endeavor Group Holdings Inc (NYSE:EDR). The price target seems to have been set at $28.00 for Endeavor Gr Hldgs. Endeavor Gr Hldgs earned $1.29 in the second quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $26.26 and a 52-week-low of $18.60. At the end of the last trading period, Endeavor Gr Hldgs closed at $21.92.

With a Buy rating, Canaccord Genuity initiated coverage on GitLab Inc (NASDAQ:GTLB). The price target seems to have been set at $62.00 for GitLab. For the second quarter, GitLab had an EPS of $0.01, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $62.12 and a 52-week-low of $26.24. GitLab closed at $52.73 at the end of the last trading period.

Macquarie initiated coverage on BeiGene Ltd (NASDAQ:BGNE) with an Outperform rating. The price target for BeiGene is set to $259.00. For the second quarter, BeiGene had an EPS of $3.64, compared to year-ago quarter EPS of $5.56. The current stock performance of BeiGene shows a 52-week-high of $280.62 and a 52-week-low of $124.55. Moreover, at the end of the last trading period, the closing price was at $209.24.

Roth MKM initiated coverage on Endeavor Operating Co LLC (NYSE:TKO) with a Buy rating. The price target for Endeavor Operating Co is set to $132.00.

With a Buy rating, Seaport Global initiated coverage on Western New England Bancorp Inc (NASDAQ:WNEB). The price target seems to have been set at $8.00 for Western New England. Western New England earned $0.13 in the second quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Western New England shows a 52-week-high of $10.20 and a 52-week-low of $5.58. Moreover, at the end of the last trading period, the closing price was at $6.27.

Seaport Global initiated coverage on Webster Financial Corp (NYSE:WBS) with a Buy rating. The price target for Webster Finl is set to $56.00. In the second quarter, Webster Finl showed an EPS of $1.50, compared to $1.29 from the year-ago quarter. The stock has a 52-week-high of $56.15 and a 52-week-low of $31.03. At the end of the last trading period, Webster Finl closed at $41.69.

Seaport Global initiated coverage on Washington Trust Bancorp Inc (NASDAQ:WASH) with a Buy rating. The price target for Washington Trust Bancorp is set to $34.00. In the second quarter, Washington Trust Bancorp showed an EPS of $0.66, compared to $1.14 from the year-ago quarter. The stock has a 52-week-high of $51.25 and a 52-week-low of $22.26. At the end of the last trading period, Washington Trust Bancorp closed at $27.03.

With a Sell rating, Seaport Global initiated coverage on Independent Bank Corp (NASDAQ:INDB). The price target seems to have been set at $45.00 for Independent Bank. In the second quarter, Independent Bank showed an EPS of $1.42, compared to $1.32 from the year-ago quarter. The current stock performance of Independent Bank shows a 52-week-high of $91.64 and a 52-week-low of $43.28. Moreover, at the end of the last trading period, the closing price was at $52.86.

For HarborOne Bancorp Inc (NASDAQ:HONE), Seaport Global initiated coverage, by setting the current rating at Neutral. In the second quarter, HarborOne Bancorp showed an EPS of $0.17, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $15.55 and a 52-week-low of $7.51. At the end of the last trading period, HarborOne Bancorp closed at $9.76.

With a Buy rating, Seaport Global initiated coverage on Eastern Bankshares Inc (NASDAQ:EBC). The price target seems to have been set at $16.00 for Eastern Bankshares. In the second quarter, Eastern Bankshares showed an EPS of $0.28, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $21.54 and a 52-week-low of $9.93. At the end of the last trading period, Eastern Bankshares closed at $13.13.

With a Buy rating, Seaport Global initiated coverage on Brookline Bancorp Inc (NASDAQ:BRKL). The price target seems to have been set at $12.00 for Brookline Bancorp. In the second quarter, Brookline Bancorp showed an EPS of $0.26, compared to $0.33 from the year-ago quarter. The stock has a 52-week-high of $15.50 and a 52-week-low of $7.00. At the end of the last trading period, Brookline Bancorp closed at $9.04.

With a Sell rating, Seaport Global initiated coverage on Berkshire Hills Bancorp Inc (NYSE:BHLB). The price target seems to have been set at $16.00 for Berkshire Hills Bancorp. In the second quarter, Berkshire Hills Bancorp showed an EPS of $0.55, compared to $0.51 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.62 and a 52-week-low of $18.07. Berkshire Hills Bancorp closed at $20.20 at the end of the last trading period.

With a Buy rating, BTIG initiated coverage on Ambrx Biopharma Inc (NASDAQ:AMAM). The price target seems to have been set at $26.00 for Ambrx Biopharma. For the second quarter, Ambrx Biopharma had an EPS of $0.35, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $16.86 and a 52-week-low of $0.38. Ambrx Biopharma closed at $11.64 at the end of the last trading period.

With an Outperform rating, RBC Capital initiated coverage on BeiGene Ltd (NASDAQ:BGNE). The price target seems to have been set at $259.00 for BeiGene. For the second quarter, BeiGene had an EPS of $3.64, compared to year-ago quarter EPS of $5.56. The stock has a 52-week-high of $280.62 and a 52-week-low of $124.55. At the end of the last trading period, BeiGene closed at $209.24.

Deutsche Bank initiated coverage on Global Blue Group Holding AG (NYSE:GB) with a Buy rating. The price target for Global Blue Gr Holding is set to $8.00. In the first quarter, Global Blue Gr Holding showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $7.60 and a 52-week-low of $3.49. At the end of the last trading period, Global Blue Gr Holding closed at $5.59.

With an Overweight rating, Keybanc initiated coverage on Brandywine Realty Trust (NYSE:BDN). The price target seems to have been set at $6.00 for Brandywine Realty Tr. For the second quarter, Brandywine Realty Tr had an EPS of $0.29, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $8.61 and a 52-week-low of $3.42. At the end of the last trading period, Brandywine Realty Tr closed at $4.78.

With a Buy rating, B. Riley Securities initiated coverage on Guess? Inc (NYSE:GES). The price target seems to have been set at $31.00 for Guess. Guess earned $0.72 in the second quarter, compared to $0.39 in the year-ago quarter. The current stock performance of Guess shows a 52-week-high of $24.84 and a 52-week-low of $14.27. Moreover, at the end of the last trading period, the closing price was at $22.75.

With a Hold rating, Berenberg initiated coverage on Repay Holdings Corp (NASDAQ:RPAY). The price target seems to have been set at $9.00 for Repay Hldgs. For the second quarter, Repay Hldgs had an EPS of $0.19, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $10.43 and a 52-week-low of $4.37. At the end of the last trading period, Repay Hldgs closed at $8.44.

Keybanc initiated coverage on Douglas Emmett Inc (NYSE:DEI) with a Sector Weight rating. Douglas Emmett earned $0.48 in the second quarter, compared to $0.51 in the year-ago quarter. The current stock performance of Douglas Emmett shows a 52-week-high of $22.15 and a 52-week-low of $10.09. Moreover, at the end of the last trading period, the closing price was at $13.55.

With an Underweight rating, Keybanc initiated coverage on Cousins Properties Inc (NYSE:CUZ). The price target seems to have been set at $19.00 for Cousins Props. For the second quarter, Cousins Props had an EPS of $0.68, compared to year-ago quarter EPS of $0.70. The current stock performance of Cousins Props shows a 52-week-high of $28.77 and a 52-week-low of $18.05. Moreover, at the end of the last trading period, the closing price was at $22.72.

Keybanc initiated coverage on City Office REIT Inc (NYSE:CIO) with a Sector Weight rating. In the second quarter, City Office REIT showed an EPS of $0.35, compared to $0.40 from the year-ago quarter. The current stock performance of City Office REIT shows a 52-week-high of $11.77 and a 52-week-low of $4.03. Moreover, at the end of the last trading period, the closing price was at $5.09.

For Boston Properties Inc (NYSE:BXP), Keybanc initiated coverage, by setting the current rating at Sector Weight. Boston Props earned $1.86 in the second quarter, compared to $1.94 in the year-ago quarter. At the moment, the stock has a 52-week-high of $87.59 and a 52-week-low of $46.18. Boston Props closed at $66.16 at the end of the last trading period.

Keybanc initiated coverage on Kilroy Realty Corp (NYSE:KRC) with an Overweight rating. The price target for Kilroy Realty is set to $47.00. Kilroy Realty earned $1.19 in the second quarter, compared to $1.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $51.66 and a 52-week-low of $25.99. Kilroy Realty closed at $36.46 at the end of the last trading period.

Baird initiated coverage on Qiagen NV (NYSE:QGEN) with an Outperform rating. The price target for Qiagen is set to $50.00. In the second quarter, Qiagen showed an EPS of $0.51, compared to $0.51 from the year-ago quarter. The stock has a 52-week-high of $51.18 and a 52-week-low of $40.38. At the end of the last trading period, Qiagen closed at $42.45.

Berenberg initiated coverage on Block Inc (NYSE:SQ) with a Buy rating. The price target for Block is set to $75.00. For the second quarter, Block had an EPS of $0.39, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $89.97 and a 52-week-low of $51.34. Block closed at $53.94 at the end of the last trading period.

See all analyst ratings initiations.