Benzinga's Top Ratings Upgrades, Downgrades For September 20, 2023
Upgrades
For Regency Centers Corp (NASDAQ:REG), Argus Research upgraded the previous rating of Hold to Buy. In the second quarter, Regency Centers showed an EPS of $1.03, compared to $1.00 from the year-ago quarter. The current stock performance of Regency Centers shows a 52-week-high of $68.56 and a 52-week-low of $52.00. Moreover, at the end of the last trading period, the closing price was at $62.38.
DA Davidson upgraded the previous rating for Pinterest Inc (NYSE:PINS) from Neutral to Buy. In the second quarter, Pinterest showed an EPS of $0.21, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.86 and a 52-week-low of $20.60. Pinterest closed at $26.21 at the end of the last trading period.
TD Cowen upgraded the previous rating for Louisiana-Pacific Corp (NYSE:LPX) from Hold to Buy. Louisiana-Pacific earned $0.55 in the second quarter, compared to $4.57 in the year-ago quarter. The stock has a 52-week-high of $79.56 and a 52-week-low of $48.20. At the end of the last trading period, Louisiana-Pacific closed at $57.87.
According to Citigroup, the prior rating for Pinterest Inc (NYSE:PINS) was changed from Neutral to Buy. In the second quarter, Pinterest showed an EPS of $0.21, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.86 and a 52-week-low of $20.60. Pinterest closed at $26.21 at the end of the last trading period.
For Wingstop Inc (NASDAQ:WING), Wedbush upgraded the previous rating of Neutral to Outperform. Wingstop earned $0.57 in the second quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $223.77 and a 52-week-low of $113.20. Wingstop closed at $173.74 at the end of the last trading period.
Exane BNP Paribas upgraded the previous rating for Western Digital Corp (NASDAQ:WDC) from Neutral to Outperform. Western Digital earned $1.98 in the fourth quarter, compared to $1.78 in the year-ago quarter. The current stock performance of Western Digital shows a 52-week-high of $46.33 and a 52-week-low of $29.74. Moreover, at the end of the last trading period, the closing price was at $43.92.
According to BMO Capital, the prior rating for Goosehead Insurance Inc (NASDAQ:GSHD) was changed from Market Perform to Outperform. For the second quarter, Goosehead Insurance had an EPS of $0.41, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $76.36 and a 52-week-low of $29.31. At the end of the last trading period, Goosehead Insurance closed at $74.68.
For Kimco Realty Corp (NYSE:KIM), Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Kimco Realty showed an EPS of $0.39, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.27 and a 52-week-low of $17.34. Kimco Realty closed at $18.49 at the end of the last trading period.
According to Wells Fargo, the prior rating for SITE Centers Corp (NYSE:SITC) was changed from Equal-Weight to Overweight. In the second quarter, SITE Centers showed an EPS of $0.29, compared to $0.31 from the year-ago quarter. The current stock performance of SITE Centers shows a 52-week-high of $14.62 and a 52-week-low of $10.43. Moreover, at the end of the last trading period, the closing price was at $13.35.
According to BMO Capital, the prior rating for Hudson Pacific Properties Inc (NYSE:HPP) was changed from Market Perform to Outperform. For the second quarter, Hudson Pacific Properties had an EPS of $0.24, compared to year-ago quarter EPS of $0.51. The current stock performance of Hudson Pacific Properties shows a 52-week-high of $12.74 and a 52-week-low of $4.04. Moreover, at the end of the last trading period, the closing price was at $6.74.
According to Jefferies, the prior rating for Sabra Health Care REIT Inc (NASDAQ:SBRA) was changed from Hold to Buy. Sabra Health Care REIT earned $0.33 in the second quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.31 and a 52-week-low of $10.08. Sabra Health Care REIT closed at $13.36 at the end of the last trading period.
For Bausch Health Companies Inc (NYSE:BHC), Jefferies upgraded the previous rating of Hold to Buy. For the second quarter, Bausch Health Companies had an EPS of $0.81, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $10.23 and a 52-week-low of $5.57. Bausch Health Companies closed at $7.72 at the end of the last trading period.
For Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG), B of A Securities upgraded the previous rating of Neutral to Buy. The current stock performance of Cia Energetica DE Minas shows a 52-week-high of $2.70 and a 52-week-low of $1.82. Moreover, at the end of the last trading period, the closing price was at $2.62.
Goldman Sachs upgraded the previous rating for Azul SA (NYSE:AZUL) from Neutral to Buy. For the second quarter, Azul had an EPS of $0.81, compared to year-ago quarter EPS of $0.94. The stock has a 52-week-high of $13.87 and a 52-week-low of $3.82. At the end of the last trading period, Azul closed at $8.27.
See all analyst ratings upgrades.
Downgrades
According to Raymond James, the prior rating for Ventas Inc (NYSE:VTR) was changed from Strong Buy to Outperform. Ventas earned $0.75 in the second quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $53.15 and a 52-week-low of $35.34. At the end of the last trading period, Ventas closed at $43.45.
For Skyworks Solutions Inc (NASDAQ:SWKS), Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. In the third quarter, Skyworks Solutions showed an EPS of $1.73, compared to $2.44 from the year-ago quarter. The current stock performance of Skyworks Solutions shows a 52-week-high of $123.69 and a 52-week-low of $76.17. Moreover, at the end of the last trading period, the closing price was at $97.82.
For ARS Pharmaceuticals Inc (NASDAQ:SPRY), William Blair downgraded the previous rating of Outperform to Market Perform. In the second quarter, ARS Pharmaceuticals showed an EPS of $0.18, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.65 and a 52-week-low of $3.99. ARS Pharmaceuticals closed at $6.61 at the end of the last trading period.
Wells Fargo downgraded the previous rating for Phillips Edison & Co Inc (NASDAQ:PECO) from Equal-Weight to Underweight. In the second quarter, Phillips Edison showed an EPS of $0.12, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $36.46 and a 52-week-low of $27.08. At the end of the last trading period, Phillips Edison closed at $34.78.
Wells Fargo downgraded the previous rating for Retail Opportunity Investments Corp (NASDAQ:ROIC) from Overweight to Equal-Weight. For the second quarter, Retail Opportunity had an EPS of $0.27, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $16.37 and a 52-week-low of $11.97. At the end of the last trading period, Retail Opportunity closed at $13.58.
According to JP Morgan, the prior rating for Dollar General Corp (NYSE:DG) was changed from Neutral to Underweight. For the second quarter, Dollar Gen had an EPS of $2.13, compared to year-ago quarter EPS of $2.98. The stock has a 52-week-high of $261.57 and a 52-week-low of $112.16. At the end of the last trading period, Dollar Gen closed at $115.10.
According to Morgan Stanley, the prior rating for Ncino Inc (NASDAQ:NCNO) was changed from Equal-Weight to Underweight. In the second quarter, Ncino showed an EPS of $0.09, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.22 and a 52-week-low of $19.58. Ncino closed at $33.09 at the end of the last trading period.
According to Morgan Stanley, the prior rating for Zebra Technologies Corp (NASDAQ:ZBRA) was changed from Equal-Weight to Underweight. In the second quarter, Zebra Technologies showed an EPS of $3.29, compared to $4.61 from the year-ago quarter. The stock has a 52-week-high of $351.74 and a 52-week-low of $225.14. At the end of the last trading period, Zebra Technologies closed at $252.17.
Oppenheimer downgraded the previous rating for Chewy Inc (NYSE:CHWY) from Outperform to Perform. For the second quarter, Chewy had an EPS of $0.15, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $52.88 and a 52-week-low of $18.90. At the end of the last trading period, Chewy closed at $19.45.
Exane BNP Paribas downgraded the previous rating for WPP PLC (NYSE:WPP) from Outperform to Neutral. NoneThe current stock performance of WPP shows a 52-week-high of $64.07 and a 52-week-low of $39.69. Moreover, at the end of the last trading period, the closing price was at $47.15.
B of A Securities downgraded the previous rating for PT Telkom Indonesia (Persero) Tbk (NYSE:TLK) from Buy to Neutral. For the first quarter, Telkom Indonesia had an EPS of $0.43, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $29.82 and a 52-week-low of $23.03. At the end of the last trading period, Telkom Indonesia closed at $24.18.
See all analyst ratings downgrades.
Initiations
With an Outperform rating, Oppenheimer initiated coverage on Air Transport Services Group Inc (NASDAQ:ATSG). The price target seems to have been set at $27.00 for Air Transport Services Gr. In the second quarter, Air Transport Services Gr showed an EPS of $0.57, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.54 and a 52-week-low of $14.39. Air Transport Services Gr closed at $20.96 at the end of the last trading period.
Hovde Group initiated coverage on Brookline Bancorp Inc (NASDAQ:BRKL) with an Outperform rating. The price target for Brookline Bancorp is set to $10.75. 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 $8.93.
RBC Capital initiated coverage on International Business Machines Corp (NYSE:IBM) with an Outperform rating. The price target for IBM is set to $188.00. For the second quarter, IBM had an EPS of $2.18, compared to year-ago quarter EPS of $2.31. The current stock performance of IBM shows a 52-week-high of $153.18 and a 52-week-low of $115.57. Moreover, at the end of the last trading period, the closing price was at $146.52.
Needham initiated coverage on Lululemon Athletica Inc (NASDAQ:LULU) with a Buy rating. The price target for Lululemon Athletica is set to $470.00. In the second quarter, Lululemon Athletica showed an EPS of $2.68, compared to $2.20 from the year-ago quarter. The stock has a 52-week-high of $406.94 and a 52-week-low of $277.61. At the end of the last trading period, Lululemon Athletica closed at $384.45.
With a Buy rating, Needham initiated coverage on On Holding AG (NYSE:ONON). The price target seems to have been set at $40.00 for On Holding. In the second quarter, On Holding showed an EPS of $0.04, compared to $0.15 from the year-ago quarter. The current stock performance of On Holding shows a 52-week-high of $37.08 and a 52-week-low of $15.44. Moreover, at the end of the last trading period, the closing price was at $29.86.
With a Buy rating, Jefferies initiated coverage on CareTrust REIT Inc (NYSE:CTRE). The price target seems to have been set at $23.00 for CareTrust REIT. In the second quarter, CareTrust REIT showed an EPS of $0.35, compared to $0.37 from the year-ago quarter. The current stock performance of CareTrust REIT shows a 52-week-high of $21.37 and a 52-week-low of $16.22. Moreover, at the end of the last trading period, the closing price was at $20.02.
With a Hold rating, Jefferies initiated coverage on National Health Investors Inc (NYSE:NHI). The price target seems to have been set at $52.00 for National Health Investors. For the second quarter, National Health Investors had an EPS of $1.06, compared to year-ago quarter EPS of $1.26. The stock has a 52-week-high of $63.59 and a 52-week-low of $47.54. At the end of the last trading period, National Health Investors closed at $50.58.
Roth MKM initiated coverage on Reviva Pharmaceuticals Holdings Inc (NASDAQ:RVPH) with a Buy rating. The price target for Reviva Pharmaceuticals is set to $12.00. In the second quarter, Reviva Pharmaceuticals showed an EPS of $0.55, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $9.25 and a 52-week-low of $1.56. At the end of the last trading period, Reviva Pharmaceuticals closed at $5.23.
With a Hold rating, Jefferies initiated coverage on LTC Properties Inc (NYSE:LTC). The price target seems to have been set at $29.00 for LTC Properties. LTC Properties earned $0.66 in the second quarter, compared to $0.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.17 and a 52-week-low of $30.87. LTC Properties closed at $31.88 at the end of the last trading period.
With a Buy rating, Rosenblatt initiated coverage on Sonos Inc (NASDAQ:SONO). The price target seems to have been set at $20.00 for Sonos. In the third quarter, Sonos showed an EPS of $0.16, compared to $0.19 from the year-ago quarter. The current stock performance of Sonos shows a 52-week-high of $21.98 and a 52-week-low of $12.78. Moreover, at the end of the last trading period, the closing price was at $12.95.
With a Market Outperform rating, JMP Securities initiated coverage on Mirum Pharmaceuticals Inc (NASDAQ:MIRM). The price target seems to have been set at $70.00 for Mirum Pharmaceuticals. Mirum Pharmaceuticals earned $1.94 in the second quarter, compared to $0.84 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.39 and a 52-week-low of $17.33. Mirum Pharmaceuticals closed at $31.00 at the end of the last trading period.
With an Overweight rating, JP Morgan initiated coverage on First Citizens BancShares Inc (NASDAQ:FCNCA). The price target seems to have been set at $1850.00 for First Citizens BancShares. For the second quarter, First Citizens BancShares had an EPS of $52.60, compared to year-ago quarter EPS of $16.86. The stock has a 52-week-high of $1512.07 and a 52-week-low of $505.84. At the end of the last trading period, First Citizens BancShares closed at $1352.88.
For Maplebear Inc (NASDAQ:CART), Needham initiated coverage, by setting the current rating at Hold. Maplebear earned $0.21 in the third quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $42.95 and a 52-week-low of $33.67. At the end of the last trading period, Maplebear closed at $33.70.
With a Buy rating, DA Davidson initiated coverage on Build-A-Bear Workshop Inc (NYSE:BBW). The price target seems to have been set at $42.00 for Build-A-Bear Workshop. For the second quarter, Build-A-Bear Workshop had an EPS of $0.57, compared to year-ago quarter EPS of $0.38. The current stock performance of Build-A-Bear Workshop shows a 52-week-high of $30.49 and a 52-week-low of $12.62. Moreover, at the end of the last trading period, the closing price was at $27.37.