Benzinga's Top Ratings Upgrades, Downgrades For September 18, 2023
Upgrades
Northcoast Research upgraded the previous rating for Jack Henry & Associates Inc (NASDAQ:JKHY) from Neutral to Buy. For the fourth quarter, Jack Henry & Associates had an EPS of $1.34, compared to year-ago quarter EPS of $1.10. The current stock performance of Jack Henry & Associates shows a 52-week-high of $202.60 and a 52-week-low of $139.28. Moreover, at the end of the last trading period, the closing price was at $154.49.
For Carvana Co (NYSE:CVNA), Wedbush upgraded the previous rating of Underperform to Neutral. For the second quarter, Carvana had an EPS of $0.55, compared to year-ago quarter EPS of $2.35. The stock has a 52-week-high of $57.19 and a 52-week-low of $3.56. At the end of the last trading period, Carvana closed at $52.20.
For Ralph Lauren Corp (NYSE:RL), Guggenheim upgraded the previous rating of Neutral to Buy. For the first quarter, Ralph Lauren had an EPS of $2.34, compared to year-ago quarter EPS of $1.88. At the moment, the stock has a 52-week-high of $135.75 and a 52-week-low of $82.57. Ralph Lauren closed at $113.86 at the end of the last trading period.
For BioCryst Pharmaceuticals Inc (NASDAQ:BCRX), RBC Capital upgraded the previous rating of Sector Perform to Outperform. BioCryst Pharma 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 $14.50 and a 52-week-low of $6.62. BioCryst Pharma closed at $6.85 at the end of the last trading period.
For Iridium Communications Inc (NASDAQ:IRDM), Deutsche Bank upgraded the previous rating of Hold to Buy. Iridium Comms earned $0.24 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.34 and a 52-week-low of $43.02. Iridium Comms closed at $47.55 at the end of the last trading period.
According to B of A Securities, the prior rating for ESAB Corp (NYSE:ESAB) was changed from Neutral to Buy. ESAB earned $1.28 in the second quarter, compared to $1.14 in the year-ago quarter. The stock has a 52-week-high of $73.42 and a 52-week-low of $32.20. At the end of the last trading period, ESAB closed at $68.30.
According to Hovde Group, the prior rating for Prosperity Bancshares Inc (NYSE:PB) was changed from Market Perform to Outperform. In the second quarter, Prosperity Bancshares showed an EPS of $1.21, compared to $1.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $78.76 and a 52-week-low of $54.45. Prosperity Bancshares closed at $56.85 at the end of the last trading period.
According to HC Wainwright & Co., the prior rating for Oncternal Therapeutics Inc (NASDAQ:ONCT) was changed from Neutral to Buy. In the second quarter, Oncternal Therapeutics showed an EPS of $0.15, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $1.33 and a 52-week-low of $0.26. At the end of the last trading period, Oncternal Therapeutics closed at $0.35.
According to Wells Fargo, the prior rating for Lockheed Martin Corp (NYSE:LMT) was changed from Underweight to Equal-Weight. Lockheed Martin earned $6.73 in the second quarter, compared to $6.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $508.10 and a 52-week-low of $383.24. Lockheed Martin closed at $424.05 at the end of the last trading period.
Wells Fargo upgraded the previous rating for L3Harris Technologies Inc (NYSE:LHX) from Equal-Weight to Overweight. L3Harris Technologies earned $2.97 in the second quarter, compared to $6.38 in the year-ago quarter. The current stock performance of L3Harris Technologies shows a 52-week-high of $255.02 and a 52-week-low of $167.14. Moreover, at the end of the last trading period, the closing price was at $172.72.
For Albany International Corp (NYSE:AIN), TD Cowen upgraded the previous rating of Market Perform to Outperform. For the second quarter, Albany Intl had an EPS of $0.90, compared to year-ago quarter EPS of $1.06. The current stock performance of Albany Intl shows a 52-week-high of $115.39 and a 52-week-low of $77.15. Moreover, at the end of the last trading period, the closing price was at $85.47.
According to Mizuho, the prior rating for Kimco Realty Corp (NYSE:KIM) was changed from Neutral to Buy. Kimco Realty earned $0.39 in the second quarter, compared to $0.40 in the year-ago quarter. The current stock performance of Kimco Realty shows a 52-week-high of $23.27 and a 52-week-low of $17.34. Moreover, at the end of the last trading period, the closing price was at $18.88.
UBS upgraded the previous rating for AGNC Investment Corp (NASDAQ:AGNC) from Neutral to Buy. AGNC Investment earned $0.67 in the second quarter, compared to $0.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.25 and a 52-week-low of $7.30. AGNC Investment closed at $10.07 at the end of the last trading period.
According to UBS, the prior rating for Annaly Capital Management Inc (NYSE:NLY) was changed from Neutral to Buy. In the second quarter, Annaly Capital Management showed an EPS of $0.72, compared to $1.20 from the year-ago quarter. The stock has a 52-week-high of $27.18 and a 52-week-low of $15.11. At the end of the last trading period, Annaly Capital Management closed at $20.57.
According to Mizuho, the prior rating for DoorDash Inc (NYSE:DASH) was changed from Neutral to Buy. In the second quarter, DoorDash showed an EPS of $0.44, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $92.61 and a 52-week-low of $41.40. DoorDash closed at $80.93 at the end of the last trading period.
According to Morgan Stanley, the prior rating for Alteryx Inc (NYSE:AYX) was changed from Equal-Weight to Overweight. In the second quarter, Alteryx showed an EPS of $0.37, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $70.63 and a 52-week-low of $27.92. At the end of the last trading period, Alteryx closed at $34.85.
According to Morgan Stanley, the prior rating for The Simply Good Foods Co (NASDAQ:SMPL) was changed from Equal-Weight to Overweight. For the third quarter, Simply Good Foods had an EPS of $0.44, compared to year-ago quarter EPS of $0.44. The current stock performance of Simply Good Foods shows a 52-week-high of $40.14 and a 52-week-low of $29.21. Moreover, at the end of the last trading period, the closing price was at $33.86.
JP Morgan upgraded the previous rating for ZIM Integrated Shipping Services Ltd (NYSE:ZIM) from Neutral to Overweight. In the second quarter, ZIM Integrated Shipping showed an EPS of $1.79, compared to $11.07 from the year-ago quarter. The current stock performance of ZIM Integrated Shipping shows a 52-week-high of $31.12 and a 52-week-low of $11.00. Moreover, at the end of the last trading period, the closing price was at $11.00.
According to Piper Sandler, the prior rating for Skechers USA Inc (NYSE:SKX) was changed from Neutral to Overweight. In the second quarter, Skechers USA showed an EPS of $0.98, compared to $0.58 from the year-ago quarter. The stock has a 52-week-high of $56.53 and a 52-week-low of $31.29. At the end of the last trading period, Skechers USA closed at $47.38.
According to Deutsche Bank, the prior rating for Micron Technology Inc (NASDAQ:MU) was changed from Hold to Buy. In the third quarter, Micron Technology showed an EPS of $1.43, compared to $2.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $74.77 and a 52-week-low of $48.43. Micron Technology closed at $69.88 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
Craig-Hallum downgraded the previous rating for PFSweb Inc (NASDAQ:PFSW) from Buy to Hold. For the second quarter, PFSweb had an EPS of $0.07, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $11.38 and a 52-week-low of $3.80. At the end of the last trading period, PFSweb closed at $7.44.
For Frontier Group Holdings Inc (NASDAQ:ULCC), Evercore ISI Group downgraded the previous rating of Outperform to Neutral. Frontier Group Holdings earned $0.31 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $14.34 and a 52-week-low of $5.31. At the end of the last trading period, Frontier Group Holdings closed at $5.54.
According to MoffettNathanson, the prior rating for PayPal Holdings Inc (NASDAQ:PYPL) was changed from Outperform to Market Perform. In the second quarter, PayPal Holdings showed an EPS of $1.16, compared to $0.93 from the year-ago quarter. The stock has a 52-week-high of $98.98 and a 52-week-low of $57.29. At the end of the last trading period, PayPal Holdings closed at $64.21.
For OceanFirst Financial Corp (NASDAQ:OCFC), DA Davidson downgraded the previous rating of Buy to Neutral. For the second quarter, OceanFirst Financial had an EPS of $0.46, compared to year-ago quarter EPS of $0.59. The stock has a 52-week-high of $24.93 and a 52-week-low of $12.81. At the end of the last trading period, OceanFirst Financial closed at $16.00.
According to Redburn Atlantic, the prior rating for Global Payments Inc (NYSE:GPN) was changed from Neutral to Sell. Global Payments earned $2.62 in the second quarter, compared to $2.36 in the year-ago quarter. The current stock performance of Global Payments shows a 52-week-high of $135.39 and a 52-week-low of $92.28. Moreover, at the end of the last trading period, the closing price was at $124.34.
Desjardins downgraded the previous rating for Suncor Energy Inc (NYSE:SU) from Buy to Hold. For the second quarter, Suncor Energy had an EPS of $0.71, compared to year-ago quarter EPS of $2.12. At the moment, the stock has a 52-week-high of $37.22 and a 52-week-low of $26.44. Suncor Energy closed at $35.09 at the end of the last trading period.
For NetApp Inc (NASDAQ:NTAP), William Blair downgraded the previous rating of Outperform to Market Perform. For the first quarter, NetApp had an EPS of $1.15, compared to year-ago quarter EPS of $1.20. At the moment, the stock has a 52-week-high of $80.53 and a 52-week-low of $58.08. NetApp closed at $77.72 at the end of the last trading period.
According to Mizuho, the prior rating for Federal Realty Investment Trust (NYSE:FRT) was changed from Buy to Neutral. For the second quarter, Federal Realty Investment had an EPS of $1.67, compared to year-ago quarter EPS of $1.65. At the moment, the stock has a 52-week-high of $115.08 and a 52-week-low of $85.27. Federal Realty Investment closed at $98.82 at the end of the last trading period.
For Paymentus Holdings Inc (NYSE:PAY), Baird downgraded the previous rating of Outperform to Neutral. For the second quarter, Paymentus Holdings had an EPS of $0.08, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $16.23 and a 52-week-low of $6.85. At the end of the last trading period, Paymentus Holdings closed at $16.14.
According to Piper Sandler, the prior rating for VF Corp (NYSE:VFC) was changed from Overweight to Neutral. In the first quarter, VF showed an EPS of $0.15, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $42.01 and a 52-week-low of $16.77. At the end of the last trading period, VF closed at $18.16.
For Planet Fitness Inc (NYSE:PLNT), Jefferies downgraded the previous rating of Buy to Hold. For the second quarter, Planet Fitness had an EPS of $0.65, compared to year-ago quarter EPS of $0.38. The current stock performance of Planet Fitness shows a 52-week-high of $85.91 and a 52-week-low of $49.91. Moreover, at the end of the last trading period, the closing price was at $50.29.
According to Citigroup, the prior rating for PTC Therapeutics Inc (NASDAQ:PTCT) was changed from Buy to Neutral. In the second quarter, PTC Therapeutics showed an EPS of $1.48, compared to $2.13 from the year-ago quarter. The stock has a 52-week-high of $59.84 and a 52-week-low of $24.43. At the end of the last trading period, PTC Therapeutics closed at $26.26.
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. At the moment, the stock has a 52-week-high of $59.84 and a 52-week-low of $24.43. PTC Therapeutics closed at $26.26 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
Northland Capital Markets initiated coverage on Ambarella Inc (NASDAQ:AMBA) with an Outperform rating. The price target for Ambarella is set to $70.00. In the second quarter, Ambarella showed an EPS of $0.15, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $99.86 and a 52-week-low of $49.02. At the end of the last trading period, Ambarella closed at $57.11.
TD Cowen initiated coverage on Tenable Holdings Inc (NASDAQ:TENB) with an Outperform rating. The price target for Tenable Holdings is set to $55.00. Tenable Holdings earned $0.22 in the second quarter, compared to $0.05 in the year-ago quarter. 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 $45.61.
With an Underperform rating, Bernstein initiated coverage on ARM Holdings PLC (NASDAQ:ARM). The price target seems to have been set at $46.00 for ARM Holdings. At the moment, the stock has a 52-week-high of $69.00 and a 52-week-low of $55.54. ARM Holdings closed at $60.75 at the end of the last trading period.
HC Wainwright & Co. initiated coverage on Anebulo Pharmaceuticals Inc (NASDAQ:ANEB) with a Buy rating. The price target for Anebulo Pharmaceuticals is set to $6.00. Anebulo Pharmaceuticals earned $0.11 in the third quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Anebulo Pharmaceuticals shows a 52-week-high of $4.05 and a 52-week-low of $1.77. Moreover, at the end of the last trading period, the closing price was at $3.20.
With an Overweight rating, Wells Fargo initiated coverage on ASGN Inc (NYSE:ASGN). The price target seems to have been set at $102.00 for ASGN. In the second quarter, ASGN showed an EPS of $1.59, compared to $1.71 from the year-ago quarter. The current stock performance of ASGN shows a 52-week-high of $99.16 and a 52-week-low of $63.27. Moreover, at the end of the last trading period, the closing price was at $77.70.
Wells Fargo initiated coverage on Kinetik Holdings Inc (NYSE:KNTK) with a Equal-Weight rating. The price target for Kinetik Holdings is set to $38.00. For the second quarter, Kinetik Holdings had an EPS of $0.41, compared to year-ago quarter EPS of $0.06. The current stock performance of Kinetik Holdings shows a 52-week-high of $40.36 and a 52-week-low of $26.32. Moreover, at the end of the last trading period, the closing price was at $34.54.
Wells Fargo initiated coverage on NEXTracker Inc (NASDAQ:NXT) with a Equal-Weight rating. The price target for NEXTracker is set to $44.00. The stock has a 52-week-high of $46.55 and a 52-week-low of $28.24. At the end of the last trading period, NEXTracker closed at $42.88.
Evercore ISI Group initiated coverage on QuantumScape Corp (NYSE:QS) with an Outperform rating. The price target for QuantumScape is set to $10.00. For the second quarter, QuantumScape had an EPS of $0.26, compared to year-ago quarter EPS of $0.22. The current stock performance of QuantumScape shows a 52-week-high of $13.86 and a 52-week-low of $5.11. Moreover, at the end of the last trading period, the closing price was at $6.93.
UBS initiated coverage on Biomarin Pharmaceutical Inc (NASDAQ:BMRN) with a Buy rating. The price target for Biomarin Pharmaceutical is set to $120.00. For the second quarter, Biomarin Pharmaceutical had an EPS of $0.54, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $117.77 and a 52-week-low of $80.58. Biomarin Pharmaceutical closed at $88.16 at the end of the last trading period.
UBS initiated coverage on ArcBest Corp (NASDAQ:ARCB) with a Neutral rating. The price target for ArcBest is set to $110.00. In the second quarter, ArcBest showed an EPS of $1.54, compared to $4.30 from the year-ago quarter. The stock has a 52-week-high of $122.86 and a 52-week-low of $68.01. At the end of the last trading period, ArcBest closed at $101.93.
With an Overweight rating, Barclays initiated coverage on Alliant Energy Corp (NASDAQ:LNT). The price target seems to have been set at $55.00 for Alliant Energy. In the second quarter, Alliant Energy showed an EPS of $0.64, compared to $0.63 from the year-ago quarter. The stock has a 52-week-high of $62.05 and a 52-week-low of $47.23. At the end of the last trading period, Alliant Energy closed at $51.78.
Raymond James initiated coverage on Warner Bros. Discovery Inc (NASDAQ:WBD) with an Outperform rating. The price target for Warner Bros. Discovery is set to $19.00. Warner Bros. Discovery earned $0.51 in the second quarter, compared to $1.05 in the year-ago quarter. The current stock performance of Warner Bros. Discovery shows a 52-week-high of $16.34 and a 52-week-low of $8.82. Moreover, at the end of the last trading period, the closing price was at $11.84.
Raymond James initiated coverage on Paramount Global (NASDAQ:PARA) with a Market Perform rating. Paramount Global earned $0.10 in the second quarter, compared to $0.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $25.93 and a 52-week-low of $12.84. Paramount Global closed at $14.06 at the end of the last trading period.
Raymond James initiated coverage on The Walt Disney Co (NYSE:DIS) with an Outperform rating. The price target for Walt Disney is set to $97.00. Walt Disney earned $1.03 in the third quarter, compared to $1.09 in the year-ago quarter. The stock has a 52-week-high of $118.18 and a 52-week-low of $79.75. At the end of the last trading period, Walt Disney closed at $85.58.
Jefferies initiated coverage on Southern Copper Corp (NYSE:SCCO) with a Hold rating. The price target for Southern Copper is set to $91.00. Southern Copper earned $0.71 in the second quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $87.59 and a 52-week-low of $42.49. At the end of the last trading period, Southern Copper closed at $79.77.
RBC Capital initiated coverage on Seabridge Gold Inc (NYSE:SA) with an Outperform rating. The price target for Seabridge Gold is set to $25.00. In the second quarter, Seabridge Gold showed an EPS of $0.08, compared to $0.19 from the year-ago quarter. The current stock performance of Seabridge Gold shows a 52-week-high of $16.18 and a 52-week-low of $10.08. Moreover, at the end of the last trading period, the closing price was at $11.14.
HSBC initiated coverage on Lululemon Athletica Inc (NASDAQ:LULU) with a Buy rating. The price target for Lululemon Athletica is set to $500.00. For the second quarter, Lululemon Athletica had an EPS of $2.68, compared to year-ago quarter EPS of $2.20. The current stock performance of Lululemon Athletica shows a 52-week-high of $406.94 and a 52-week-low of $277.61. Moreover, at the end of the last trading period, the closing price was at $389.93.
