Benzinga's Top Ratings Upgrades, Downgrades For September 22, 2022
Upgrades
Evercore ISI Group upgraded the previous rating for Boston Properties Inc (NYSE:BXP) from In-Line to Outperform. In the second quarter, Boston Properties showed an EPS of $1.94, compared to $1.72 from the year-ago quarter. The current stock performance of Boston Properties shows a 52-week-high of $133.11 and a 52-week-low of $77.44. Moreover, at the end of the last trading period, the closing price was at $77.47.
Scotiabank upgraded the previous rating for Boston Properties Inc (NYSE:BXP) from Sector Perform to Sector Outperform. For the second quarter, Boston Properties had an EPS of $1.94, compared to year-ago quarter EPS of $1.72. The stock has a 52-week-high of $133.11 and a 52-week-low of $77.44. At the end of the last trading period, Boston Properties closed at $77.47.
According to Barclays, the prior rating for Arista Networks Inc (NYSE:ANET) was changed from Equal-Weight to Overweight. For the second quarter, Arista Networks had an EPS of $1.08, compared to year-ago quarter EPS of $0.68. The current stock performance of Arista Networks shows a 52-week-high of $144.50 and a 52-week-low of $89.11. Moreover, at the end of the last trading period, the closing price was at $113.82.
See all analyst ratings upgrades.
Downgrades
For Luminar Technologies Inc (NASDAQ:LAZR), Northland Capital Markets downgraded the previous rating of Outperform to Market Perform. In the second quarter, Luminar Technologies showed an EPS of $0.18, compared to $0.08 from the year-ago quarter. The current stock performance of Luminar Technologies shows a 52-week-high of $18.16 and a 52-week-low of $5.61. Moreover, at the end of the last trading period, the closing price was at $9.37.
According to Barclays, the prior rating for Cisco Systems Inc (NASDAQ:CSCO) was changed from Overweight to Equal-Weight. For the fourth quarter, Cisco Systems had an EPS of $0.83, compared to year-ago quarter EPS of $0.84. The stock has a 52-week-high of $63.35 and a 52-week-low of $40.82. At the end of the last trading period, Cisco Systems closed at $41.59.
Mizuho downgraded the previous rating for Block Inc (NYSE:SQ) from Buy to Neutral. Block earned $0.18 in the second quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $165.20 and a 52-week-low of $56.01. Block closed at $59.45 at the end of the last trading period.
According to Wolfe Research, the prior rating for Alcoa Corp (NYSE:AA) was changed from Outperform to Peer Perform. For the second quarter, Alcoa had an EPS of $2.67, compared to year-ago quarter EPS of $1.49. The stock has a 52-week-high of $98.09 and a 52-week-low of $39.37. At the end of the last trading period, Alcoa closed at $39.41.
For Novavax Inc (NASDAQ:NVAX), JP Morgan downgraded the previous rating of Neutral to Underweight. In the second quarter, Novavax showed an EPS of $6.53, compared to $4.75 from the year-ago quarter. The stock has a 52-week-high of $145.20 and a 52-week-low of $25.84. At the end of the last trading period, Novavax closed at $25.87.
See all analyst ratings downgrades.
Initiations
With a Sell rating, MoffettNathanson initiated coverage on Okta Inc (NASDAQ:OKTA). The price target seems to have been set at $71.00 for Okta. For the second quarter, Okta had an EPS of $0.10, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $226.49 and a 52-week-low of $56.85. Okta closed at $56.97 at the end of the last trading period.
With a Hold rating, MoffettNathanson initiated coverage on Adobe Inc (NASDAQ:ADBE). The price target seems to have been set at $354.00 for Adobe. For the third quarter, Adobe had an EPS of $3.40, compared to year-ago quarter EPS of $3.11. The stock has a 52-week-high of $575.00 and a 52-week-low of $286.22. At the end of the last trading period, Adobe closed at $286.30.
MoffettNathanson initiated coverage on Procore Technologies Inc (NYSE:PCOR) with a Buy rating. The price target for Procore Technologies is set to $73.00. For the second quarter, Procore Technologies had an EPS of $0.19, compared to year-ago quarter EPS of $2.04. The current stock performance of Procore Technologies shows a 52-week-high of $80.81 and a 52-week-low of $40.00. Moreover, at the end of the last trading period, the closing price was at $53.42.
With a Hold rating, MoffettNathanson initiated coverage on Zscaler Inc (NASDAQ:ZS). The price target seems to have been set at $268.00 for Zscaler. For the fourth quarter, Zscaler had an EPS of $0.25, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $323.55 and a 52-week-low of $125.12. Zscaler closed at $171.88 at the end of the last trading period.
With a Buy rating, MoffettNathanson initiated coverage on Snowflake Inc (NYSE:SNOW). The price target seems to have been set at $242.00 for Snowflake. For the second quarter, Snowflake had an EPS of $0.01, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $344.00 and a 52-week-low of $110.27. Snowflake closed at $178.72 at the end of the last trading period.
MoffettNathanson initiated coverage on Zoom Video Communications Inc (NASDAQ:ZM) with a Sell rating. The price target for Zoom Video Comms is set to $86.00. Zoom Video Comms earned $1.05 in the second quarter, compared to $1.36 in the year-ago quarter. The stock has a 52-week-high of $184.91 and a 52-week-low of $75.32. At the end of the last trading period, Zoom Video Comms closed at $75.94.
With a Hold rating, MoffettNathanson initiated coverage on Microsoft Corp (NASDAQ:MSFT). The price target seems to have been set at $285.00 for Microsoft. Microsoft earned $2.23 in the fourth quarter, compared to $2.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $338.00 and a 52-week-low of $238.90. Microsoft closed at $238.95 at the end of the last trading period.
Cowen & Co. initiated coverage on 23andMe Holding Co (NASDAQ:ME) with an Outperform rating. The price target for 23andMe Holding is set to $6.00. 23andMe Holding earned $0.20 in the second quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $7.19 and a 52-week-low of $2.12. At the end of the last trading period, 23andMe Holding closed at $2.92.
For Sangoma Technologies Corp (NASDAQ:SANG), William Blair initiated coverage, by setting the current rating at Outperform. For the third quarter, Sangoma Technologies had an EPS of $0.21, compared to year-ago quarter EPS of $0.11.
Raymond James initiated coverage on MetLife Inc (NYSE:MET) with a Market Perform rating. In the second quarter, MetLife showed an EPS of $2.00, compared to $2.37 from the year-ago quarter. The current stock performance of MetLife shows a 52-week-high of $73.18 and a 52-week-low of $57.41. Moreover, at the end of the last trading period, the closing price was at $64.52.
With a Buy rating, Goldman Sachs initiated coverage on Revance Therapeutics Inc (NASDAQ:RVNC). The price target seems to have been set at $33.00 for Revance Therapeutics. For the second quarter, Revance Therapeutics had an EPS of $0.88, compared to year-ago quarter EPS of $1.07. At the moment, the stock has a 52-week-high of $29.51 and a 52-week-low of $11.27. Revance Therapeutics closed at $25.80 at the end of the last trading period.
With a Market Outperform rating, JMP Securities initiated coverage on Red Rock Resorts Inc (NASDAQ:RRR). The price target seems to have been set at $50.00 for Red Rock Resorts. In the second quarter, Red Rock Resorts showed an EPS of $0.26, compared to $1.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.84 and a 52-week-low of $30.98. Red Rock Resorts closed at $37.25 at the end of the last trading period.
Citigroup initiated coverage on Gracell Biotechnologies Inc (NASDAQ:GRCL) with a Buy rating. The price target for Gracell Biotechnologies is set to $12.00. For the second quarter, Gracell Biotechnologies had an EPS of $0.30, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $6.09 and a 52-week-low of $1.68. Gracell Biotechnologies closed at $2.30 at the end of the last trading period.
With an Outperform rating, Cowen & Co. initiated coverage on Stem Inc (NYSE:STEM). The price target seems to have been set at $22.00 for Stem. For the second quarter, Stem had an EPS of $0.21, compared to year-ago quarter EPS of $1.00. The stock has a 52-week-high of $19.75 and a 52-week-low of $5.72. At the end of the last trading period, Stem closed at $16.07.
Baird initiated coverage on Netstreit Corp (NYSE:NTST) with an Outperform rating. The price target for Netstreit is set to $23.00. In the second quarter, Netstreit showed an EPS of $0.28, compared to $0.20 from 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 $18.66 at the end of the last trading period.
For Littelfuse Inc (NASDAQ:LFUS), Benchmark initiated coverage, by setting the current rating at Hold. For the second quarter, Littelfuse had an EPS of $4.26, compared to year-ago quarter EPS of $3.41. The current stock performance of Littelfuse shows a 52-week-high of $326.82 and a 52-week-low of $208.99. Moreover, at the end of the last trading period, the closing price was at $209.31.
Raymond James initiated coverage on Globe Life Inc (NYSE:GL) with a Strong Buy rating. The price target for Globe Life is set to $138.00. In the second quarter, Globe Life showed an EPS of $2.07, compared to $1.85 from the year-ago quarter. The stock has a 52-week-high of $108.61 and a 52-week-low of $87.87. At the end of the last trading period, Globe Life closed at $103.74.
For Unum Group (NYSE:UNM), Raymond James initiated coverage, by setting the current rating at Market Perform. Unum earned $1.91 in the second quarter, compared to $1.39 in the year-ago quarter. The stock has a 52-week-high of $41.13 and a 52-week-low of $24.23. At the end of the last trading period, Unum closed at $39.93.
Raymond James initiated coverage on Voya Financial Inc (NYSE:VOYA) with a Strong Buy rating. The price target for Voya Financial is set to $84.00. For the second quarter, Voya Financial had an EPS of $1.67, compared to year-ago quarter EPS of $1.32. The stock has a 52-week-high of $74.97 and a 52-week-low of $56.20. At the end of the last trading period, Voya Financial closed at $62.65.
Raymond James initiated coverage on Principal Financial Group Inc (NASDAQ:PFG) with a Market Perform rating. In the second quarter, Principal Finl Gr showed an EPS of $1.65, compared to $1.70 from the year-ago quarter. The stock has a 52-week-high of $80.36 and a 52-week-low of $61.05. At the end of the last trading period, Principal Finl Gr closed at $76.06.
With a Strong Buy rating, Raymond James initiated coverage on Prudential Financial Inc (NYSE:PRU). The price target seems to have been set at $115.00 for Prudential Financial. In the second quarter, Prudential Financial showed an EPS of $1.74, compared to $3.79 from the year-ago quarter. The stock has a 52-week-high of $124.22 and a 52-week-low of $89.73. At the end of the last trading period, Prudential Financial closed at $91.87.
Stephens & Co. initiated coverage on Westrock Coffee Co (NASDAQ:WEST) with an Overweight rating. The price target for Westrock Coffee is set to $13.00. At the moment, the stock has a 52-week-high of $12.99 and a 52-week-low of $9.98. Westrock Coffee closed at $10.11 at the end of the last trading period.
With a Buy rating, Stifel initiated coverage on Central Securities Corp (AMEX:CET). The price target seems to have been set at $1.65 for Central Secs. The current stock performance of Central Secs shows a 52-week-high of $44.86 and a 52-week-low of $33.50. Moreover, at the end of the last trading period, the closing price was at $34.77.
Wedbush initiated coverage on Marqeta Inc (NASDAQ:MQ) with a Neutral rating. The price target for Marqeta is set to $8.00. For the second quarter, Marqeta had an EPS of $0.08, compared to year-ago quarter EPS of $0.29. At the moment, the stock has a 52-week-high of $18.13 and a 52-week-low of $6.05. Marqeta closed at $7.12 at the end of the last trading period.
With a Sector Perform rating, RBC Capital initiated coverage on Fusion Fuel Green PLC (NASDAQ:HTOO). The price target seems to have been set at $7.00 for Fusion Fuel Green. At the moment, the stock has a 52-week-high of $10.83 and a 52-week-low of $4.48. Fusion Fuel Green closed at $6.10 at the end of the last trading period.
RBC Capital initiated coverage on Nike Inc (NYSE:NKE) with an Outperform rating. The price target for Nike is set to $125.00. Nike earned $0.99 in the fourth quarter, compared to $0.93 in the year-ago quarter. The current stock performance of Nike shows a 52-week-high of $167.91 and a 52-week-low of $99.53. Moreover, at the end of the last trading period, the closing price was at $99.79.