Benzinga's Top Ratings Upgrades, Downgrades For September 14, 2022
Upgrades
For Iris Energy Ltd (NASDAQ:IREN), Compass Point upgraded the previous rating of Neutral to Buy. The current stock performance of Iris Energy shows a 52-week-high of $17.97 and a 52-week-low of $2.89. Moreover, at the end of the last trading period, the closing price was at $4.26.
For Perrigo Co PLC (NYSE:PRGO), Argus Research upgraded the previous rating of Hold to Buy. For the second quarter, Perrigo had an EPS of $0.43, compared to year-ago quarter EPS of $0.50. The current stock performance of Perrigo shows a 52-week-high of $43.90 and a 52-week-low of $31.32. Moreover, at the end of the last trading period, the closing price was at $39.33.
For SL Green Realty Corp (NYSE:SLG), Truist Securities upgraded the previous rating of Hold to Buy. SL Green Realty earned $1.87 in the second quarter, compared to $1.60 in the year-ago quarter. The current stock performance of SL Green Realty shows a 52-week-high of $83.96 and a 52-week-low of $42.74. Moreover, at the end of the last trading period, the closing price was at $46.25.
Truist Securities upgraded the previous rating for Brandywine Realty Trust (NYSE:BDN) from Hold to Buy. For the second quarter, Brandywine Realty Trust had an EPS of $0.35, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $14.88 and a 52-week-low of $7.82. Brandywine Realty Trust closed at $8.19 at the end of the last trading period.
B of A Securities upgraded the previous rating for SoFi Technologies Inc (NASDAQ:SOFI) from Neutral to Buy. For the second quarter, SoFi Technologies had an EPS of $0.12, compared to year-ago quarter EPS of $0.48. At the moment, the stock has a 52-week-high of $16.47 and a 52-week-low of $4.82. SoFi Technologies closed at $5.84 at the end of the last trading period.
According to BTIG, the prior rating for Nikola Corp (NASDAQ:NKLA) was changed from Neutral to Buy. For the second quarter, Nikola had an EPS of $0.25, compared to year-ago quarter EPS of $0.20. The current stock performance of Nikola shows a 52-week-high of $11.87 and a 52-week-low of $4.42. Moreover, at the end of the last trading period, the closing price was at $5.03.
According to Evercore ISI Group, the prior rating for Akero Therapeutics Inc (NASDAQ:AKRO) was changed from In-Line to Outperform. In the second quarter, Akero Therapeutics showed an EPS of $0.77, compared to $0.83 from the year-ago quarter. The current stock performance of Akero Therapeutics shows a 52-week-high of $29.78 and a 52-week-low of $7.52. Moreover, at the end of the last trading period, the closing price was at $29.05.
For PayPal Holdings Inc (NASDAQ:PYPL), Raymond James upgraded the previous rating of Market Perform to Outperform. PayPal Holdings earned $0.93 in the second quarter, compared to $1.15 in the year-ago quarter. The current stock performance of PayPal Holdings shows a 52-week-high of $196.10 and a 52-week-low of $67.58. Moreover, at the end of the last trading period, the closing price was at $95.01.
Berenberg upgraded the previous rating for Merck & Co Inc (NYSE:MRK) from Hold to Buy. In the second quarter, Merck & Co showed an EPS of $1.87, compared to $1.31 from the year-ago quarter. The stock has a 52-week-high of $95.72 and a 52-week-low of $72.88. At the end of the last trading period, Merck & Co closed at $86.28.
See all analyst ratings upgrades.
Downgrades
According to Evercore ISI Group, the prior rating for Block Inc (NYSE:SQ) was changed from Outperform to Underperform. For the second quarter, Block had an EPS of $0.18, compared to year-ago quarter EPS of $0.66. At the moment, the stock has a 52-week-high of $165.20 and a 52-week-low of $56.01. Block closed at $69.58 at the end of the last trading period.
Lake Street downgraded the previous rating for Aspen Group Inc (NASDAQ:ASPU) from Buy to Hold. Aspen Gr earned $0.15 in the first quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $2.67 and a 52-week-low of $0.58. At the end of the last trading period, Aspen Gr closed at $0.69.
Canaccord Genuity downgraded the previous rating for Vintage Wine Estates Inc (NASDAQ:VWE) from Buy to Hold. Vintage Wine Estates earned $0.17 in the fourth quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Vintage Wine Estates shows a 52-week-high of $12.36 and a 52-week-low of $5.35. Moreover, at the end of the last trading period, the closing price was at $5.53.
Bernstein downgraded the previous rating for Union Pacific Corp (NYSE:UNP) from Outperform to Market Perform. Union Pacific earned $2.93 in the second quarter, compared to $2.72 in the year-ago quarter. The stock has a 52-week-high of $278.94 and a 52-week-low of $202.38. At the end of the last trading period, Union Pacific closed at $226.29.
For CSX Corp (NASDAQ:CSX), Bernstein downgraded the previous rating of Outperform to Market Perform. For the second quarter, CSX had an EPS of $0.50, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $38.63 and a 52-week-low of $27.59. At the end of the last trading period, CSX closed at $31.56.
Janney Montgomery Scott downgraded the previous rating for Consolidated Water Co Ltd (NASDAQ:CWCO) from Buy to Neutral. For the second quarter, Consolidated Water Co had an EPS of $0.18, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $20.58 and a 52-week-low of $9.01. At the end of the last trading period, Consolidated Water Co closed at $19.74.
Truist Securities downgraded the previous rating for Corporate Office Properties Trust (NYSE:OFC) from Buy to Hold. In the second quarter, Corporate Office Props Tr showed an EPS of $0.59, compared to $0.58 from the year-ago quarter. The current stock performance of Corporate Office Props Tr shows a 52-week-high of $29.64 and a 52-week-low of $23.89. Moreover, at the end of the last trading period, the closing price was at $26.10.
For Syneos Health Inc (NASDAQ:SYNH), Guggenheim downgraded the previous rating of Buy to Neutral. For the second quarter, Syneos Health had an EPS of $1.25, compared to year-ago quarter EPS of $0.97. The stock has a 52-week-high of $102.67 and a 52-week-low of $54.41. At the end of the last trading period, Syneos Health closed at $54.72.
For Woodward Inc (NASDAQ:WWD), Jefferies downgraded the previous rating of Buy to Hold. In the third quarter, Woodward showed an EPS of $0.64, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $129.12 and a 52-week-low of $87.44. At the end of the last trading period, Woodward closed at $93.64.
For RBC Bearings Inc (NASDAQ:ROLL), B of A Securities downgraded the previous rating of Neutral to Underperform. RBC Bearings earned $1.19 in the first quarter, compared to $1.04 in the year-ago quarter. The current stock performance of RBC Bearings shows a 52-week-high of $264.94 and a 52-week-low of $152.90. Moreover, at the end of the last trading period, the closing price was at $242.66.
According to Cowen & Co., the prior rating for Avantor Inc (NYSE:AVTR) was changed from Outperform to Market Perform. In the second quarter, Avantor showed an EPS of $0.37, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.98 and a 52-week-low of $23.68. Avantor closed at $23.73 at the end of the last trading period.
Loop Capital downgraded the previous rating for Match Group Inc (NASDAQ:MTCH) from Buy to Hold. In the second quarter, Match Group showed an EPS of $0.70, compared to $0.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of $136.99 and a 52-week-low of $53.19. Match Group closed at $59.79 at the end of the last trading period.
For Motorola Solutions Inc (NYSE:MSI), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Motorola Solns earned $2.07 in the second quarter, compared to $2.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $271.38 and a 52-week-low of $195.18. Motorola Solns closed at $246.08 at the end of the last trading period.
Telsey Advisory Group downgraded the previous rating for Vintage Wine Estates Inc (NASDAQ:VWE) from Outperform to Market Perform. For the fourth quarter, Vintage Wine Estates had an EPS of $0.17, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $12.36 and a 52-week-low of $5.35. At the end of the last trading period, Vintage Wine Estates closed at $5.53.
For Eastman Chemical Co (NYSE:EMN), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Eastman Chemical earned $2.83 in the second quarter, compared to $2.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $129.47 and a 52-week-low of $84.03. Eastman Chemical closed at $84.11 at the end of the last trading period.
Berenberg downgraded the previous rating for Bristol-Myers Squibb Co (NYSE:BMY) from Buy to Hold. In the second quarter, Bristol-Myers Squibb showed an EPS of $1.93, compared to $1.93 from the year-ago quarter. The stock has a 52-week-high of $80.59 and a 52-week-low of $60.86. At the end of the last trading period, Bristol-Myers Squibb closed at $71.04.
See all analyst ratings downgrades.
Initiations
UBS initiated coverage on Toast Inc (NYSE:TOST) with a Neutral rating. The price target for Toast is set to $22.00. The current stock performance of Toast shows a 52-week-high of $35.55 and a 52-week-low of $11.91. Moreover, at the end of the last trading period, the closing price was at $20.33.
UBS initiated coverage on Shift4 Payments Inc (NYSE:FOUR) with a Buy rating. The price target for Shift4 Payments is set to $60.00. In the second quarter, Shift4 Payments showed an EPS of $0.33, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $66.86 and a 52-week-low of $29.39. At the end of the last trading period, Shift4 Payments closed at $46.95.
Deutsche Bank initiated coverage on SES AI Corp (NYSE:SES) with a Hold rating. The price target for SES AI is set to $7.00. The stock has a 52-week-high of $10.18 and a 52-week-low of $3.61. At the end of the last trading period, SES AI closed at $5.28.
Cantor Fitzgerald initiated coverage on DICE Therapeutics Inc (NASDAQ:DICE) with an Overweight rating. The price target for DICE Therapeutics is set to $36.00. At the moment, the stock has a 52-week-high of $25.92 and a 52-week-low of $12.63. DICE Therapeutics closed at $18.50 at the end of the last trading period.
Berenberg initiated coverage on Kronos Bio Inc (NASDAQ:KRON) with a Buy rating. The price target for Kronos Bio is set to $12.00. For the second quarter, Kronos Bio had an EPS of $0.59, compared to year-ago quarter EPS of $0.53. The current stock performance of Kronos Bio shows a 52-week-high of $14.57 and a 52-week-low of $2.96. Moreover, at the end of the last trading period, the closing price was at $4.67.
With a Buy rating, B of A Securities initiated coverage on e.l.f. Beauty Inc (NYSE:ELF). The price target seems to have been set at $45.00 for e.l.f. Beauty. In the first quarter, e.l.f. Beauty showed an EPS of $0.39, compared to $0.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.50 and a 52-week-low of $20.49. e.l.f. Beauty closed at $38.20 at the end of the last trading period.
With an Overweight rating, JP Morgan initiated coverage on MakeMyTrip Ltd (NASDAQ:MMYT). The price target seems to have been set at $44.00 for MakeMyTrip. For the first quarter, MakeMyTrip had an EPS of $0.05, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $34.49 and a 52-week-low of $20.06. At the end of the last trading period, MakeMyTrip closed at $31.65.
Morgan Stanley initiated coverage on Invivyd Inc (NASDAQ:IVVD) with an Underweight rating. The price target for Invivyd is set to $3.00. Invivyd earned $0.47 in the second quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Invivyd shows a 52-week-high of $4.89 and a 52-week-low of $4.51. Moreover, at the end of the last trading period, the closing price was at $4.83.
With an Outperform rating, RBC Capital initiated coverage on The Hershey Co (NYSE:HSY). The price target seems to have been set at $33.00 for Hershey. For the second quarter, Hershey had an EPS of $1.80, compared to year-ago quarter EPS of $1.47. At the moment, the stock has a 52-week-high of $234.56 and a 52-week-low of $190.93. Hershey closed at $222.90 at the end of the last trading period.
With a Buy rating, EF Hutton initiated coverage on Tennant Co (NYSE:TNC). The price target seems to have been set at $96.00 for Tennant. In the second quarter, Tennant showed an EPS of $0.92, compared to $1.18 from the year-ago quarter. The stock has a 52-week-high of $85.33 and a 52-week-low of $54.90. At the end of the last trading period, Tennant closed at $59.78.
SVB Leerink initiated coverage on Vir Biotechnology Inc (NASDAQ:VIR) with an Outperform rating. The price target for Vir Biotechnology is set to $40.00. For the second quarter, Vir Biotechnology had an EPS of $0.58, compared to year-ago quarter EPS of $0.46. The current stock performance of Vir Biotechnology shows a 52-week-high of $41.85 and a 52-week-low of $18.21. Moreover, at the end of the last trading period, the closing price was at $20.57.
With a Buy rating, B. Riley Securities initiated coverage on Ferroglobe PLC (NASDAQ:GSM). The price target seems to have been set at $12.00 for Ferroglobe. Ferroglobe earned $1.14 in the second quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.81 and a 52-week-low of $4.53. Ferroglobe closed at $6.80 at the end of the last trading period.
Morgan Stanley initiated coverage on Global Business Travel Group Inc (NYSE:GBTG) with a Equal-Weight rating. The price target for Global Business Travel is set to $9.00. In the second quarter, Global Business Travel showed an EPS of $0.00, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.28 and a 52-week-low of $5.16. Global Business Travel closed at $7.12 at the end of the last trading period.
With a Buy rating, Berenberg initiated coverage on Blueprint Medicines Corp (NASDAQ:BPMC). The price target seems to have been set at $90.00 for Blueprint Medicines. Blueprint Medicines earned $2.68 in the second quarter, compared to $1.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $110.23 and a 52-week-low of $43.46. Blueprint Medicines closed at $70.74 at the end of the last trading period.
Berenberg initiated coverage on POINT Biopharma Global Inc (NASDAQ:PNT) with a Buy rating. The price target for POINT Biopharma Global is set to $20.00. POINT Biopharma Global earned $0.27 in the second quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $10.98 and a 52-week-low of $5.22. At the end of the last trading period, POINT Biopharma Global closed at $10.17.
With a Buy rating, BTIG initiated coverage on Renovacor Inc (AMEX:RCOR). The price target seems to have been set at $8.00 for Renovacor. For the second quarter, Renovacor had an EPS of $0.52, compared to year-ago quarter EPS of $0.59.
Cowen & Co. initiated coverage on The Hershey Co (NYSE:HSY) with a Market Perform rating. The price target for Hershey is set to $238.00. In the second quarter, Hershey showed an EPS of $1.80, compared to $1.47 from the year-ago quarter. The stock has a 52-week-high of $234.56 and a 52-week-low of $190.93. At the end of the last trading period, Hershey closed at $222.90.
With an Outperform rating, Cowen & Co. initiated coverage on Mondelez International Inc (NASDAQ:MDLZ). The price target seems to have been set at $71.00 for Mondelez International. For the second quarter, Mondelez International had an EPS of $0.67, compared to year-ago quarter EPS of $0.66. The stock has a 52-week-high of $69.47 and a 52-week-low of $57.82. At the end of the last trading period, Mondelez International closed at $59.88.
With a Buy rating, Stifel initiated coverage on LSB Industries Inc (NYSE:LXU). The price target seems to have been set at $23.00 for LSB Industries. LSB Industries earned $1.22 in the second quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.45 and a 52-week-low of $9.06. LSB Industries closed at $17.04 at the end of the last trading period.
With a Buy rating, Loop Capital initiated coverage on Masimo Corp (NASDAQ:MASI). The price target seems to have been set at $206.00 for Masimo. For the second quarter, Masimo had an EPS of $1.35, compared to year-ago quarter EPS of $0.94. The current stock performance of Masimo shows a 52-week-high of $291.15 and a 52-week-low of $112.07. Moreover, at the end of the last trading period, the closing price was at $146.37.
With a Strong Buy rating, Raymond James initiated coverage on Netstreit Corp (NYSE:NTST). The price target seems to have been set at $24.00 for Netstreit. Netstreit earned $0.28 in the second quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.86 and a 52-week-low of $18.47. Netstreit closed at $19.74 at the end of the last trading period.
Keybanc initiated coverage on Target Corp (NYSE:TGT) with an Overweight rating. The price target for Target is set to $200.00. Target earned $0.39 in the second quarter, compared to $3.64 in the year-ago quarter. The stock has a 52-week-high of $254.87 and a 52-week-low of $137.16. At the end of the last trading period, Target closed at $166.24.
With an Overweight rating, Keybanc initiated coverage on Walmart Inc (NYSE:WMT). The price target seems to have been set at $155.00 for Walmart. For the second quarter, Walmart had an EPS of $1.77, compared to year-ago quarter EPS of $1.78. The current stock performance of Walmart shows a 52-week-high of $160.77 and a 52-week-low of $117.27. Moreover, at the end of the last trading period, the closing price was at $135.22.
With a Hold rating, Deutsche Bank initiated coverage on Southern Copper Corp (NYSE:SCCO). The price target seems to have been set at $47.00 for Southern Copper. For the second quarter, Southern Copper had an EPS of $0.56, compared to year-ago quarter EPS of $1.21. The stock has a 52-week-high of $79.31 and a 52-week-low of $44.31. At the end of the last trading period, Southern Copper closed at $48.21.
RBC Capital initiated coverage on Agilon Health Inc (NYSE:AGL) with an Outperform rating. The price target for Agilon Health is set to $33.00. For the second quarter, Agilon Health had an EPS of $0.04, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $28.36 and a 52-week-low of $14.36. Agilon Health closed at $24.13 at the end of the last trading period.
With a Hold rating, Berenberg initiated coverage on Oracle Corp (NYSE:ORCL). The price target seems to have been set at $72.00 for Oracle. Oracle earned $1.03 in the first quarter, compared to $1.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $89.58 and a 52-week-low of $63.76. Oracle closed at $76.04 at the end of the last trading period.