Benzinga's Top Ratings Upgrades, Downgrades For September 13, 2023
Upgrades
For Southern Co (NYSE:SO), B of A Securities upgraded the previous rating of Underperform to Neutral. For the second quarter, Southern had an EPS of $0.79, compared to year-ago quarter EPS of $1.07. The current stock performance of Southern shows a 52-week-high of $80.32 and a 52-week-low of $58.85. Moreover, at the end of the last trading period, the closing price was at $68.60.
According to JP Morgan, the prior rating for Immunogen Inc (NASDAQ:IMGN) was changed from Neutral to Overweight. For the second quarter, Immunogen had an EPS of $0.02, compared to year-ago quarter EPS of $0.24. The current stock performance of Immunogen shows a 52-week-high of $20.69 and a 52-week-low of $3.60. Moreover, at the end of the last trading period, the closing price was at $15.45.
For Sealed Air Corp (NYSE:SEE), Credit Suisse upgraded the previous rating of Neutral to Outperform. For the second quarter, Sealed Air had an EPS of $0.80, compared to year-ago quarter EPS of $1.01. The current stock performance of Sealed Air shows a 52-week-high of $56.43 and a 52-week-low of $33.45. Moreover, at the end of the last trading period, the closing price was at $33.93.
According to Piper Sandler, the prior rating for UMB Financial Corp (NASDAQ:UMBF) was changed from Neutral to Overweight. UMB Financial earned $1.93 in the second quarter, compared to $2.83 in the year-ago quarter. The stock has a 52-week-high of $92.70 and a 52-week-low of $50.68. At the end of the last trading period, UMB Financial closed at $61.87.
See all analyst ratings upgrades.
Downgrades
For 2seventy bio Inc (NASDAQ:TSVT), Guggenheim downgraded the previous rating of Buy to Neutral. In the second quarter, 2seventy bio showed an EPS of $0.83, compared to $2.02 from the year-ago quarter. The stock has a 52-week-high of $17.52 and a 52-week-low of $4.10. At the end of the last trading period, 2seventy bio closed at $4.16.
According to Citigroup, the prior rating for Ecopetrol SA (NYSE:EC) was changed from Buy to Neutral. In the second quarter, Ecopetrol showed an EPS of $0.45, compared to $1.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.41 and a 52-week-low of $8.59. Ecopetrol closed at $12.32 at the end of the last trading period.
Goldman Sachs downgraded the previous rating for 2seventy bio Inc (NASDAQ:TSVT) from Buy to Neutral. For the second quarter, 2seventy bio had an EPS of $0.83, compared to year-ago quarter EPS of $2.02. The current stock performance of 2seventy bio shows a 52-week-high of $17.52 and a 52-week-low of $4.10. Moreover, at the end of the last trading period, the closing price was at $4.16.
JP Morgan downgraded the previous rating for Oracle Corp (NYSE:ORCL) from Overweight 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 $109.61.
For Sight Sciences Inc (NASDAQ:SGHT), B of A Securities downgraded the previous rating of Neutral to Underperform. 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 $3.06. Sight Sciences closed at $3.28 at the end of the last trading period.
For Ball Corp (NYSE:BALL), Credit Suisse downgraded the previous rating of Outperform to Neutral. For the second quarter, Ball had an EPS of $0.61, compared to year-ago quarter EPS of $0.82. The current stock performance of Ball shows a 52-week-high of $62.14 and a 52-week-low of $46.00. Moreover, at the end of the last trading period, the closing price was at $51.88.
Credit Suisse downgraded the previous rating for O-I Glass Inc (NYSE:OI) from Outperform to Neutral. O-I Glass earned $0.88 in the second quarter, compared to $0.73 in the year-ago quarter. The current stock performance of O-I Glass shows a 52-week-high of $23.57 and a 52-week-low of $12.05. Moreover, at the end of the last trading period, the closing price was at $18.55.
For Acelyrin Inc (NASDAQ:SLRN), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Acelyrin showed an EPS of $0.40, compared to $9.12 from the year-ago quarter. The current stock performance of Acelyrin shows a 52-week-high of $29.88 and a 52-week-low of $10.32. Moreover, at the end of the last trading period, the closing price was at $12.80.
According to Goldman Sachs, the prior rating for Ultrapar Participacoes SA (NYSE:UGP) was changed from Buy to Neutral. For the second quarter, Ultrapar Participacoes had an EPS of $0.04, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $4.11 and a 52-week-low of $2.13. At the end of the last trading period, Ultrapar Participacoes closed at $3.83.
See all analyst ratings downgrades.
Initiations
Roth MKM initiated coverage on Redwire Corp (NYSE:RDW) with a Buy rating. The price target for Redwire is set to $10.00. In the second quarter, Redwire showed an EPS of $0.16, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.58 and a 52-week-low of $1.68. Redwire closed at $3.11 at the end of the last trading period.
With an Overweight rating, JP Morgan initiated coverage on Expro Group Holdings NV (NYSE:XPRO). The price target seems to have been set at $30.00 for Expro Gr Hldgs. For the second quarter, Expro Gr Hldgs had an EPS of $0.17, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $24.50 and a 52-week-low of $11.40. Expro Gr Hldgs closed at $23.44 at the end of the last trading period.
With a Neutral rating, JP Morgan initiated coverage on Cactus Inc (NYSE:WHD). The price target seems to have been set at $60.00 for Cactus. Cactus earned $0.84 in the second quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.17 and a 52-week-low of $31.36. Cactus closed at $52.99 at the end of the last trading period.
Needham initiated coverage on Immunocore Holdings PLC (NASDAQ:IMCR) with a Buy rating. The price target for Immunocore Hldgs is set to $75.00. For the second quarter, Immunocore Hldgs had an EPS of $0.37, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $69.01 and a 52-week-low of $39.00. At the end of the last trading period, Immunocore Hldgs closed at $54.02.
UBS initiated coverage on Lear Corp (NYSE:LEA) with a Neutral rating. The price target for Lear is set to $150.00. For the second quarter, Lear had an EPS of $3.33, compared to year-ago quarter EPS of $1.79. The current stock performance of Lear shows a 52-week-high of $157.91 and a 52-week-low of $115.09. Moreover, at the end of the last trading period, the closing price was at $143.24.
With a Neutral rating, UBS initiated coverage on Dana Inc (NYSE:DAN). The price target seems to have been set at $17.00 for Dana. Dana earned $0.37 in the second quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.75 and a 52-week-low of $11.18. Dana closed at $15.87 at the end of the last trading period.
UBS initiated coverage on Magna International Inc (NYSE:MGA) with a Neutral rating. The price target for Magna International is set to $63.00. For the second quarter, Magna International had an EPS of $1.50, compared to year-ago quarter EPS of $0.83. The current stock performance of Magna International shows a 52-week-high of $68.92 and a 52-week-low of $45.60. Moreover, at the end of the last trading period, the closing price was at $58.15.
UBS initiated coverage on Rivian Automotive Inc (NASDAQ:RIVN) with a Neutral rating. The price target for Rivian Automotive is set to $26.00. For the second quarter, Rivian Automotive had an EPS of $1.08, compared to year-ago quarter EPS of $1.62. The current stock performance of Rivian Automotive shows a 52-week-high of $40.86 and a 52-week-low of $11.68. Moreover, at the end of the last trading period, the closing price was at $23.58.
UBS initiated coverage on Adient PLC (NYSE:ADNT) with a Neutral rating. The price target for Adient is set to $43.00. In the third quarter, Adient showed an EPS of $0.98, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $47.50 and a 52-week-low of $27.74. At the end of the last trading period, Adient closed at $39.40.
With a Neutral rating, UBS initiated coverage on Visteon Corp (NASDAQ:VC). The price target seems to have been set at $157.00 for Visteon. For the second quarter, Visteon had an EPS of $1.18, compared to year-ago quarter EPS of $1.34. The stock has a 52-week-high of $171.66 and a 52-week-low of $103.47. At the end of the last trading period, Visteon closed at $139.68.
With a Neutral rating, UBS initiated coverage on American Axle & Mfg Holdings Inc (NYSE:AXL). The price target seems to have been set at $9.00 for American Axle & Mfg Hldgs. In the second quarter, American Axle & Mfg Hldgs showed an EPS of $0.12, compared to $0.22 from the year-ago quarter. The current stock performance of American Axle & Mfg Hldgs shows a 52-week-high of $11.16 and a 52-week-low of $6.61. Moreover, at the end of the last trading period, the closing price was at $7.76.
UBS initiated coverage on BorgWarner Inc (NYSE:BWA) with a Buy rating. The price target for BorgWarner is set to $52.00. For the second quarter, BorgWarner had an EPS of $1.35, compared to year-ago quarter EPS of $1.05. The current stock performance of BorgWarner shows a 52-week-high of $51.14 and a 52-week-low of $31.16. Moreover, at the end of the last trading period, the closing price was at $41.34.
With a Buy rating, UBS initiated coverage on Mobileye Global Inc (NASDAQ:MBLY). The price target seems to have been set at $48.00 for Mobileye Global. For the second quarter, Mobileye Global had an EPS of $0.17, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $48.11 and a 52-week-low of $24.86. Mobileye Global closed at $35.46 at the end of the last trading period.
With a Buy rating, Guggenheim initiated coverage on TKO Group Holdings Inc (NYSE:TKO). The price target seems to have been set at $130.00 for TKO Group Holdings. The current stock performance of TKO Group Holdings shows a 52-week-high of $103.98 and a 52-week-low of $100.00. Moreover, at the end of the last trading period, the closing price was at $103.05.
Stephens & Co. initiated coverage on Seacoast Banking Corp of Florida (NASDAQ:SBCF) with a Equal-Weight rating. The price target for Seacoast Banking is set to $23.00. In the second quarter, Seacoast Banking showed an EPS of $0.58, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.96 and a 52-week-low of $17.93. Seacoast Banking closed at $22.90 at the end of the last trading period.
Stephens & Co. initiated coverage on Towne Bank (NASDAQ:TOWN) with a Equal-Weight rating. The price target for Towne Bank is set to $23.00. In the second quarter, Towne Bank showed an EPS of $0.52, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.42 and a 52-week-low of $21.22. Towne Bank closed at $23.43 at the end of the last trading period.
TD Cowen initiated coverage on Beyond Meat Inc (NASDAQ:BYND) with an Underperform rating. The price target for Beyond Meat is set to $10.00. Beyond Meat earned $0.83 in the second quarter, compared to $1.53 in the year-ago quarter. The current stock performance of Beyond Meat shows a 52-week-high of $23.33 and a 52-week-low of $9.81. Moreover, at the end of the last trading period, the closing price was at $10.82.
With an Underperform rating, TD Cowen initiated coverage on B&G Foods Inc (NYSE:BGS). The price target seems to have been set at $10.00 for B&G Foods. For the second quarter, B&G Foods had an EPS of $0.15, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $21.51 and a 52-week-low of $10.77. At the end of the last trading period, B&G Foods closed at $11.05.
With a Market Perform rating, TD Cowen initiated coverage on Vital Farms Inc (NASDAQ:VITL). The price target seems to have been set at $13.00 for Vital Farms. In the second quarter, Vital Farms showed an EPS of $0.15, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.18 and a 52-week-low of $10.00. Vital Farms closed at $11.12 at the end of the last trading period.
With a Market Perform rating, TD Cowen initiated coverage on Treehouse Foods Inc (NYSE:THS). The price target seems to have been set at $45.00 for Treehouse Foods. In the second quarter, Treehouse Foods showed an EPS of $0.42, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.30 and a 52-week-low of $40.60. Treehouse Foods closed at $46.40 at the end of the last trading period.
TD Cowen initiated coverage on McCormick & Co Inc (NYSE:MKC) with a Market Perform rating. The price target for McCormick & Co is set to $87.00. McCormick & Co earned $0.60 in the second quarter, compared to $0.48 in the year-ago quarter. The current stock performance of McCormick & Co shows a 52-week-high of $94.39 and a 52-week-low of $70.60. Moreover, at the end of the last trading period, the closing price was at $80.73.
With a Market Perform rating, TD Cowen initiated coverage on The Kraft Heinz Co (NASDAQ:KHC). The price target seems to have been set at $35.00 for Kraft Heinz. For the second quarter, Kraft Heinz had an EPS of $0.79, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $42.80 and a 52-week-low of $32.42. Kraft Heinz closed at $33.56 at the end of the last trading period.
With a Market Perform rating, TD Cowen initiated coverage on Kellogg Co (NYSE:K). The price target seems to have been set at $63.00 for Kellogg. In the second quarter, Kellogg showed an EPS of $1.25, compared to $1.18 from the year-ago quarter. The current stock performance of Kellogg shows a 52-week-high of $77.16 and a 52-week-low of $58.88. Moreover, at the end of the last trading period, the closing price was at $59.60.
TD Cowen initiated coverage on Hostess Brands Inc (NASDAQ:TWNK) with a Market Perform rating. The price target for Hostess Brands is set to $34.00. For the second quarter, Hostess Brands had an EPS of $0.28, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $33.58 and a 52-week-low of $21.59. At the end of the last trading period, Hostess Brands closed at $33.51.
With a Market Perform rating, TD Cowen initiated coverage on General Mills Inc (NYSE:GIS). The price target seems to have been set at $70.00 for General Mills. In the fourth quarter, General Mills showed an EPS of $1.12, compared to $1.12 from the year-ago quarter. The current stock performance of General Mills shows a 52-week-high of $90.89 and a 52-week-low of $64.70. Moreover, at the end of the last trading period, the closing price was at $65.49.
TD Cowen initiated coverage on Conagra Brands Inc (NYSE:CAG) with a Market Perform rating. The price target for Conagra Brands is set to $32.00. Conagra Brands earned $0.62 in the fourth quarter, compared to $0.65 in the year-ago quarter. The current stock performance of Conagra Brands shows a 52-week-high of $41.30 and a 52-week-low of $28.35. Moreover, at the end of the last trading period, the closing price was at $28.63.
TD Cowen initiated coverage on Campbell Soup Co (NYSE:CPB) with a Market Perform rating. The price target for Campbell Soup is set to $45.00. In the fourth quarter, Campbell Soup showed an EPS of $0.50, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.76 and a 52-week-low of $40.76. Campbell Soup closed at $42.58 at the end of the last trading period.
With an Outperform rating, TD Cowen initiated coverage on Utz Brands Inc (NYSE:UTZ). The price target seems to have been set at $18.00 for Utz Brands. For the second quarter, Utz Brands 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 $19.12 and a 52-week-low of $13.61. Utz Brands closed at $13.78 at the end of the last trading period.
With an Outperform rating, TD Cowen initiated coverage on Lamb Weston Holdings Inc (NYSE:LW). The price target seems to have been set at $125.00 for Lamb Weston Hldgs. For the fourth quarter, Lamb Weston Hldgs had an EPS of $1.22, compared to year-ago quarter EPS of $0.65. At the moment, the stock has a 52-week-high of $117.38 and a 52-week-low of $74.93. Lamb Weston Hldgs closed at $97.62 at the end of the last trading period.
With an Outperform rating, TD Cowen initiated coverage on The Hershey Co (NYSE:HSY). The price target seems to have been set at $250.00 for Hershey. Hershey earned $2.01 in the second quarter, compared to $1.80 in the year-ago quarter. The current stock performance of Hershey shows a 52-week-high of $276.88 and a 52-week-low of $206.69. Moreover, at the end of the last trading period, the closing price was at $207.59.
With an Outperform rating, TD Cowen initiated coverage on Freshpet Inc (NASDAQ:FRPT). The price target seems to have been set at $90.00 for Freshpet. For the second quarter, Freshpet had an EPS of $0.35, compared to year-ago quarter EPS of $0.45. The current stock performance of Freshpet shows a 52-week-high of $84.70 and a 52-week-low of $37.92. Moreover, at the end of the last trading period, the closing price was at $72.22.
With an Outperform rating, TD Cowen initiated coverage on JM Smucker Co (NYSE:SJM). The price target seems to have been set at $158.00 for JM Smucker. JM Smucker earned $2.21 in the first quarter, compared to $1.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $163.07 and a 52-week-low of $129.00. JM Smucker closed at $129.86 at the end of the last trading period.
With an Outperform rating, TD Cowen initiated coverage on Mondelez International Inc (NASDAQ:MDLZ). The price target seems to have been set at $82.00 for Mondelez International. For the second quarter, Mondelez International had an EPS of $0.76, compared to year-ago quarter EPS of $0.67. The stock has a 52-week-high of $78.59 and a 52-week-low of $54.72. At the end of the last trading period, Mondelez International closed at $71.06.
Citigroup initiated coverage on Sociedad Quimica Y Minera De Chile SA (NYSE:SQM) with a Buy rating. The price target for Sociedad Quimica Y Minera is set to $85.00. For the second quarter, Sociedad Quimica Y Minera had an EPS of $2.03, compared to year-ago quarter EPS of $3.01. The stock has a 52-week-high of $114.63 and a 52-week-low of $58.05. At the end of the last trading period, Sociedad Quimica Y Minera closed at $58.15.
With a Buy rating, Citigroup initiated coverage on Veeco Instruments Inc (NASDAQ:VECO). The price target seems to have been set at $35.00 for Veeco Instruments. Veeco Instruments earned $0.36 in the second quarter, compared to $0.35 in the year-ago quarter. The current stock performance of Veeco Instruments shows a 52-week-high of $31.09 and a 52-week-low of $16.21. Moreover, at the end of the last trading period, the closing price was at $27.55.