Benzinga's Top Ratings Upgrades, Downgrades For September 15, 2023
Upgrades
For Emerson Electric Co (NYSE:EMR), Vertical Research upgraded the previous rating of Hold to Buy. In the third quarter, Emerson Electric showed an EPS of $1.29, compared to $1.38 from the year-ago quarter. The current stock performance of Emerson Electric shows a 52-week-high of $100.62 and a 52-week-low of $72.42. Moreover, at the end of the last trading period, the closing price was at $98.60.
For Shake Shack Inc (NYSE:SHAK), Northcoast Research upgraded the previous rating of Neutral to Buy. For the second quarter, Shake Shack had an EPS of $0.18, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $80.58 and a 52-week-low of $40.83. At the end of the last trading period, Shake Shack closed at $62.07.
B of A Securities upgraded the previous rating for Axis Capital Holdings Ltd (NYSE:AXS) from Underperform to Buy. In the second quarter, Axis Capital Holdings showed an EPS of $2.23, compared to $1.74 from the year-ago quarter. The current stock performance of Axis Capital Holdings shows a 52-week-high of $63.99 and a 52-week-low of $48.46. Moreover, at the end of the last trading period, the closing price was at $55.66.
According to B of A Securities, the prior rating for Unity Software Inc (NYSE:U) was changed from Neutral to Buy. Unity Software earned $0.51 in the second quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Unity Software shows a 52-week-high of $50.08 and a 52-week-low of $21.23. Moreover, at the end of the last trading period, the closing price was at $35.71.
Truist Securities upgraded the previous rating for Cousins Properties Inc (NYSE:CUZ) from Hold to Buy. In the second quarter, Cousins Props showed an EPS of $0.68, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $28.66 and a 52-week-low of $18.05. At the end of the last trading period, Cousins Props closed at $22.59.
According to New Street Research, the prior rating for PagSeguro Digital Ltd (NYSE:PAGS) was changed from Neutral to Buy. PagSeguro Digital earned $0.24 in the second quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.55 and a 52-week-low of $7.51. PagSeguro Digital closed at $9.14 at the end of the last trading period.
According to Piper Sandler, the prior rating for KeyCorp (NYSE:KEY) was changed from Neutral to Overweight. For the second quarter, KeyCorp had an EPS of $0.27, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $20.30 and a 52-week-low of $8.54. KeyCorp closed at $11.65 at the end of the last trading period.
Wells Fargo upgraded the previous rating for Apellis Pharmaceuticals Inc (NASDAQ:APLS) from Equal-Weight to Overweight. In the second quarter, Apellis Pharmaceuticals showed an EPS of $1.02, compared to $1.46 from the year-ago quarter. The stock has a 52-week-high of $94.75 and a 52-week-low of $19.83. At the end of the last trading period, Apellis Pharmaceuticals closed at $43.31.
According to Redburn Atlantic, the prior rating for The Estee Lauder Companies Inc (NYSE:EL) was changed from Sell to Neutral. Estee Lauder Cos earned $0.07 in the fourth quarter, compared to $0.42 in the year-ago quarter. The current stock performance of Estee Lauder Cos shows a 52-week-high of $283.62 and a 52-week-low of $147.18. Moreover, at the end of the last trading period, the closing price was at $154.24.
According to Morgan Stanley, the prior rating for Keysight Technologies Inc (NYSE:KEYS) was changed from Equal-Weight to Overweight. Keysight Techs earned $2.19 in the third quarter, compared to $2.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $189.38 and a 52-week-low of $125.89. Keysight Techs closed at $133.12 at the end of the last trading period.
Goldman Sachs upgraded the previous rating for MorphoSys AG (NASDAQ:MOR) from Sell to Neutral. For the second quarter, MorphoSys had an EPS of $0.59, compared to year-ago quarter EPS of $1.83. The stock has a 52-week-high of $8.67 and a 52-week-low of $3.19. At the end of the last trading period, MorphoSys closed at $7.98.
See all analyst ratings upgrades.
Downgrades
Raymond James downgraded the previous rating for PTC Therapeutics Inc (NASDAQ:PTCT) from Outperform to Underperform. In the second quarter, PTC Therapeutics showed an EPS of $1.48, compared to $2.13 from the year-ago quarter. The current stock performance of PTC Therapeutics shows a 52-week-high of $59.84 and a 52-week-low of $33.25. Moreover, at the end of the last trading period, the closing price was at $37.39.
For DoorDash Inc (NYSE:DASH), MoffettNathanson downgraded the previous rating of Outperform to Market Perform. For the second quarter, DoorDash had an EPS of $0.44, compared to year-ago quarter EPS of $0.72. The current stock performance of DoorDash shows a 52-week-high of $92.61 and a 52-week-low of $41.40. Moreover, at the end of the last trading period, the closing price was at $82.98.
Benchmark downgraded the previous rating for Staar Surgical Co (NASDAQ:STAA) from Buy to Hold. Staar Surgical earned $0.40 in the second quarter, compared to $0.42 in the year-ago quarter. The current stock performance of Staar Surgical shows a 52-week-high of $96.43 and a 52-week-low of $40.50. Moreover, at the end of the last trading period, the closing price was at $42.87.
For Vornado Realty Trust (NYSE:VNO), Truist Securities downgraded the previous rating of Buy to Hold. For the second quarter, Vornado Realty had an EPS of $0.72, compared to year-ago quarter EPS of $0.83. At the moment, the stock has a 52-week-high of $26.93 and a 52-week-low of $12.31. Vornado Realty closed at $25.24 at the end of the last trading period.
According to Piper Sandler, the prior rating for Truist Financial Corp (NYSE:TFC) was changed from Overweight to Neutral. For the second quarter, Truist Finl had an EPS of $0.95, compared to year-ago quarter EPS of $1.20. The current stock performance of Truist Finl shows a 52-week-high of $53.34 and a 52-week-low of $25.56. Moreover, at the end of the last trading period, the closing price was at $29.42.
According to Stifel, the prior rating for Lindsay Corp (NYSE:LNN) was changed from Buy to Hold. For the third quarter, Lindsay had an EPS of $1.53, compared to year-ago quarter EPS of $2.28. The stock has a 52-week-high of $182.80 and a 52-week-low of $110.43. At the end of the last trading period, Lindsay closed at $127.83.
For New Relic Inc (NYSE:NEWR), DA Davidson downgraded the previous rating of Buy to Neutral. For the first quarter, New Relic had an EPS of $0.43, compared to year-ago quarter EPS of $0.26. The current stock performance of New Relic shows a 52-week-high of $86.00 and a 52-week-low of $50.24. Moreover, at the end of the last trading period, the closing price was at $85.40.
See all analyst ratings downgrades.
Initiations
For Regeneron Pharmaceuticals Inc (NASDAQ:REGN), WestPark Capital initiated coverage, by setting the current rating at Hold. For the second quarter, Regeneron Pharmaceuticals had an EPS of $10.24, compared to year-ago quarter EPS of $9.77. At the moment, the stock has a 52-week-high of $847.50 and a 52-week-low of $668.00. Regeneron Pharmaceuticals closed at $832.38 at the end of the last trading period.
With a Buy rating, B of A Securities initiated coverage on Axcelis Technologies Inc (NASDAQ:ACLS). The price target seems to have been set at $225.00 for Axcelis Technologies. Axcelis Technologies earned $1.86 in the second quarter, compared to $1.32 in the year-ago quarter. The current stock performance of Axcelis Technologies shows a 52-week-high of $201.00 and a 52-week-low of $49.79. Moreover, at the end of the last trading period, the closing price was at $178.88.
BTIG initiated coverage on Cipher Mining Inc (NASDAQ:CIFR) with a Buy rating. The price target for Cipher Mining is set to $6.00. For the second quarter, Cipher Mining had an EPS of $0.04, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $5.29 and a 52-week-low of $0.38. Cipher Mining closed at $2.82 at the end of the last trading period.
For Expensify Inc (NASDAQ:EXFY), JP Morgan initiated coverage, by setting the current rating at Underweight. For the second quarter, Expensify had an EPS of $0.01, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $17.27 and a 52-week-low of $3.78. At the end of the last trading period, Expensify closed at $3.81.
With a Hold rating, Loop Capital initiated coverage on Cava Group Inc (NYSE:CAVA). The price target seems to have been set at $40.00 for Cava Group. In the second quarter, Cava Group showed an EPS of $0.21, compared to $6.23 from the year-ago quarter. The stock has a 52-week-high of $58.10 and a 52-week-low of $34.88. At the end of the last trading period, Cava Group closed at $36.06.
UBS initiated coverage on Korn Ferry (NYSE:KFY) with a Neutral rating. The price target for Korn Ferry is set to $53.00. In the first quarter, Korn Ferry showed an EPS of $0.99, compared to $1.50 from the year-ago quarter. The current stock performance of Korn Ferry shows a 52-week-high of $59.91 and a 52-week-low of $44.69. Moreover, at the end of the last trading period, the closing price was at $48.01.
With a Hold rating, HSBC initiated coverage on Jacobs Solutions Inc (NYSE:J). The price target seems to have been set at $149.00 for Jacobs Solutions. Jacobs Solutions earned $1.82 in the third quarter, compared to $1.86 in the year-ago quarter. The stock has a 52-week-high of $137.61 and a 52-week-low of $107.15. At the end of the last trading period, Jacobs Solutions closed at $134.00.
With a Hold rating, HSBC initiated coverage on Fastenal Co (NASDAQ:FAST). The price target seems to have been set at $59.00 for Fastenal. For the second quarter, Fastenal had an EPS of $0.52, compared to year-ago quarter EPS of $0.50. The current stock performance of Fastenal shows a 52-week-high of $59.43 and a 52-week-low of $43.74. Moreover, at the end of the last trading period, the closing price was at $54.82.
HSBC initiated coverage on Bunge Ltd (NYSE:BG) with a Hold rating. The price target for Bunge is set to $122.00. In the second quarter, Bunge showed an EPS of $3.72, compared to $2.97 from the year-ago quarter. The current stock performance of Bunge shows a 52-week-high of $116.59 and a 52-week-low of $80.47. Moreover, at the end of the last trading period, the closing price was at $115.30.
HSBC initiated coverage on 3M Co (NYSE:MMM) with a Hold rating. The price target for 3M is set to $109.00. 3M earned $2.17 in the second quarter, compared to $2.48 in the year-ago quarter. The current stock performance of 3M shows a 52-week-high of $133.89 and a 52-week-low of $92.38. Moreover, at the end of the last trading period, the closing price was at $102.32.
HSBC initiated coverage on Martin Marietta Materials Inc (NYSE:MLM) with a Reduce rating. The price target for Martin Marietta Materials is set to $376.00. In the second quarter, Martin Marietta Materials showed an EPS of $5.60, compared to $3.96 from the year-ago quarter. The stock has a 52-week-high of $463.41 and a 52-week-low of $298.40. At the end of the last trading period, Martin Marietta Materials closed at $435.80.
With a Buy rating, HSBC initiated coverage on Waste Management Inc (NYSE:WM). The price target seems to have been set at $192.00 for Waste Management. For the second quarter, Waste Management had an EPS of $1.51, compared to year-ago quarter EPS of $1.44. At the moment, the stock has a 52-week-high of $173.72 and a 52-week-low of $148.31. Waste Management closed at $160.35 at the end of the last trading period.
With a Buy rating, HSBC initiated coverage on Trane Technologies PLC (NYSE:TT). The price target seems to have been set at $256.00 for Trane Technologies. 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 $202.05 at the end of the last trading period.
With a Buy rating, HSBC initiated coverage on Deere & Co (NYSE:DE). The price target seems to have been set at $486.00 for Deere. For the third quarter, Deere had an EPS of $10.20, compared to year-ago quarter EPS of $6.16. At the moment, the stock has a 52-week-high of $450.00 and a 52-week-low of $328.77. Deere closed at $411.68 at the end of the last trading period.
With a Buy rating, HSBC initiated coverage on Zoom Video Communications Inc (NASDAQ:ZM). The price target seems to have been set at $83.00 for Zoom Video Comms. For the second quarter, Zoom Video Comms had an EPS of $1.34, compared to year-ago quarter EPS of $1.05. The stock has a 52-week-high of $89.67 and a 52-week-low of $60.45. At the end of the last trading period, Zoom Video Comms closed at $71.57.
With a Hold rating, HSBC initiated coverage on Twilio Inc (NYSE:TWLO). The price target seems to have been set at $67.00 for Twilio. Twilio earned $0.54 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Twilio shows a 52-week-high of $81.17 and a 52-week-low of $41.00. Moreover, at the end of the last trading period, the closing price was at $64.62.
HSBC initiated coverage on Snowflake Inc (NYSE:SNOW) with a Buy rating. The price target for Snowflake is set to $201.00. For the second quarter, Snowflake had an EPS of $0.22, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $203.58 and a 52-week-low of $119.27. At the end of the last trading period, Snowflake closed at $162.98.
With a Buy rating, HSBC initiated coverage on ServiceNow Inc (NYSE:NOW). The price target seems to have been set at $704.00 for ServiceNow. For the second quarter, ServiceNow had an EPS of $2.37, compared to year-ago quarter EPS of $1.62. At the moment, the stock has a 52-week-high of $614.36 and a 52-week-low of $337.05. ServiceNow closed at $590.11 at the end of the last trading period.
HSBC initiated coverage on Salesforce Inc (NYSE:CRM) with a Buy rating. The price target for Salesforce is set to $267.00. In the second quarter, Salesforce showed an EPS of $2.12, compared to $1.19 from the year-ago quarter. The current stock performance of Salesforce shows a 52-week-high of $238.22 and a 52-week-low of $126.35. Moreover, at the end of the last trading period, the closing price was at $218.78.
HSBC initiated coverage on Palantir Technologies Inc (NYSE:PLTR) with a Hold rating. The price target for Palantir Technologies is set to $16.00. In the second quarter, Palantir Technologies showed an EPS of $0.05, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $20.24 and a 52-week-low of $5.84. At the end of the last trading period, Palantir Technologies closed at $15.83.
With a Buy rating, HSBC initiated coverage on Oracle Corp (NYSE:ORCL). The price target seems to have been set at $144.00 for Oracle. Oracle earned $1.19 in the first quarter, compared to $1.03 in the year-ago quarter. The current stock performance of Oracle shows a 52-week-high of $127.54 and a 52-week-low of $60.78. Moreover, at the end of the last trading period, the closing price was at $113.66.
HSBC initiated coverage on Microsoft Corp (NASDAQ:MSFT) with a Hold rating. The price target for Microsoft is set to $347.00. Microsoft earned $2.69 in the fourth quarter, compared to $2.23 in the year-ago quarter. The current stock performance of Microsoft shows a 52-week-high of $366.78 and a 52-week-low of $213.46. Moreover, at the end of the last trading period, the closing price was at $338.70.
With a Reduce rating, HSBC initiated coverage on DocuSign Inc (NASDAQ:DOCU). The price target seems to have been set at $42.00 for DocuSign. For the second quarter, DocuSign had an EPS of $0.72, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $69.45 and a 52-week-low of $39.59. DocuSign closed at $44.95 at the end of the last trading period.
HSBC initiated coverage on CrowdStrike Holdings Inc (NASDAQ:CRWD) with a Buy rating. The price target for CrowdStrike Holdings is set to $200.00. For the second quarter, CrowdStrike Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $185.47 and a 52-week-low of $92.25. At the end of the last trading period, CrowdStrike Holdings closed at $170.73.
With a Buy rating, UBS initiated coverage on TKO Group Holdings Inc (NYSE:TKO). The price target seems to have been set at $123.00 for TKO Group Holdings. At the moment, the stock has a 52-week-high of $104.50 and a 52-week-low of $100.00. TKO Group Holdings closed at $100.76 at the end of the last trading period.
With a Neutral rating, UBS initiated coverage on Cars.com Inc (NYSE:CARS). The price target seems to have been set at $20.00 for Cars.com. For the second quarter, Cars.com had an EPS of $1.37, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $22.84 and a 52-week-low of $10.56. Cars.com closed at $18.58 at the end of the last trading period.
UBS initiated coverage on CarGurus Inc (NASDAQ:CARG) with a Neutral rating. The price target for CarGurus is set to $21.00. CarGurus earned $0.29 in the second quarter, compared to $0.32 in the year-ago quarter. The stock has a 52-week-high of $24.22 and a 52-week-low of $9.28. At the end of the last trading period, CarGurus closed at $18.29.
Goldman Sachs initiated coverage on Casella Waste Systems Inc (NASDAQ:CWST) with a Buy rating. The price target for Casella Waste Sys is set to $100.00. Casella Waste Sys earned $0.36 in the second quarter, compared to $0.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $95.78 and a 52-week-low of $70.23. Casella Waste Sys closed at $82.03 at the end of the last trading period.
With a Sell rating, Goldman Sachs initiated coverage on OPAL Fuels Inc (NASDAQ:OPAL). The price target seems to have been set at $5.80 for OPAL Fuels. OPAL Fuels earned $0.12 in the second quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $10.64 and a 52-week-low of $5.25. OPAL Fuels closed at $6.62 at the end of the last trading period.
For ARM Holdings PLC (NASDAQ:ARM), Needham initiated coverage, by setting the current rating at Hold. The current stock performance of ARM Holdings shows a 52-week-high of $66.28 and a 52-week-low of $55.54. Moreover, at the end of the last trading period, the closing price was at $63.59.
With an Outperform rating, Wolfe Research initiated coverage on KLA Corp (NASDAQ:KLAC). The price target seems to have been set at $600.00 for KLA. In the fourth quarter, KLA showed an EPS of $5.40, compared to $5.81 from the year-ago quarter. The current stock performance of KLA shows a 52-week-high of $520.19 and a 52-week-low of $250.74. Moreover, at the end of the last trading period, the closing price was at $479.90.
With an Outperform rating, Wolfe Research initiated coverage on Applied Materials Inc (NASDAQ:AMAT). The price target seems to have been set at $185.00 for Applied Mat. Applied Mat earned $1.90 in the third quarter, compared to $1.94 in the year-ago quarter. The stock has a 52-week-high of $155.26 and a 52-week-low of $71.18. At the end of the last trading period, Applied Mat closed at $144.57.
Wolfe Research initiated coverage on Lam Research Corp (NASDAQ:LRCX) with an Outperform rating. The price target for Lam Research is set to $825.00. In the fourth quarter, Lam Research showed an EPS of $5.98, compared to $8.83 from the year-ago quarter. The stock has a 52-week-high of $726.52 and a 52-week-low of $299.63. At the end of the last trading period, Lam Research closed at $656.43.
TD Cowen initiated coverage on Celsius Holdings Inc (NASDAQ:CELH) with an Outperform rating. The price target for Celsius Holdings is set to $250.00. Celsius Holdings earned $0.52 in the second quarter, compared to $0.12 in the year-ago quarter. The current stock performance of Celsius Holdings shows a 52-week-high of $206.85 and a 52-week-low of $78.27. Moreover, at the end of the last trading period, the closing price was at $201.94.
