Benzinga's Top Ratings Upgrades, Downgrades For September 26, 2023
Upgrades
According to Citigroup, the prior rating for Steel Dynamics Inc (NASDAQ:STLD) was changed from Neutral to Buy. For the second quarter, Steel Dynamics had an EPS of $4.81, compared to year-ago quarter EPS of $6.73. The current stock performance of Steel Dynamics shows a 52-week-high of $136.46 and a 52-week-low of $69.12. Moreover, at the end of the last trading period, the closing price was at $104.39.
According to Northland Capital Markets, the prior rating for Teradyne Inc (NASDAQ:TER) was changed from Market Perform to Outperform. For the second quarter, Teradyne had an EPS of $0.79, compared to year-ago quarter EPS of $1.21. At the moment, the stock has a 52-week-high of $119.20 and a 52-week-low of $67.81. Teradyne closed at $96.44 at the end of the last trading period.
BTIG upgraded the previous rating for Hudson Pacific Properties Inc (NYSE:HPP) from Neutral to Buy. In the second quarter, Hudson Pacific Properties showed an EPS of $0.24, compared to $0.51 from the year-ago quarter. The stock has a 52-week-high of $12.22 and a 52-week-low of $4.04. At the end of the last trading period, Hudson Pacific Properties closed at $6.61.
According to Oppenheimer, the prior rating for Edwards Lifesciences Corp (NYSE:EW) was changed from Perform to Outperform. In the second quarter, Edwards Lifesciences showed an EPS of $0.66, compared to $0.63 from the year-ago quarter. The current stock performance of Edwards Lifesciences shows a 52-week-high of $94.87 and a 52-week-low of $67.13. Moreover, at the end of the last trading period, the closing price was at $69.46.
Gordon Haskett upgraded the previous rating for Redfin Corp (NASDAQ:RDFN) from Underperform to Hold. For the second quarter, Redfin had an EPS of $0.25, compared to year-ago quarter EPS of $0.73. At the moment, the stock has a 52-week-high of $17.68 and a 52-week-low of $3.08. Redfin closed at $6.95 at the end of the last trading period.
Gordon Haskett upgraded the previous rating for Opendoor Technologies Inc (NASDAQ:OPEN) from Underperform to Hold. For the second quarter, Opendoor Technologies had an EPS of $0.30, compared to year-ago quarter EPS of $0.20. The current stock performance of Opendoor Technologies shows a 52-week-high of $5.41 and a 52-week-low of $0.92. Moreover, at the end of the last trading period, the closing price was at $2.43.
According to Jefferies, the prior rating for Flowserve Corp (NYSE:FLS) was changed from Hold to Buy. For the second quarter, Flowserve had an EPS of $0.52, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $41.02 and a 52-week-low of $23.89. Flowserve closed at $39.24 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for Barclays PLC (NYSE:BCS) from Equal-Weight to Overweight. For the second quarter, Barclays had an EPS of $0.43, compared to year-ago quarter EPS of $0.27. The current stock performance of Barclays shows a 52-week-high of $9.44 and a 52-week-low of $5.88. Moreover, at the end of the last trading period, the closing price was at $7.62.
UBS upgraded the previous rating for SiteOne Landscape Supply Inc (NYSE:SITE) from Neutral to Buy. For the second quarter, SiteOne Landscape Supply had an EPS of $2.71, compared to year-ago quarter EPS of $3.07. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $176.16 and a 52-week-low of $97.51. Moreover, at the end of the last trading period, the closing price was at $157.59.
According to JP Morgan, the prior rating for DraftKings Inc (NASDAQ:DKNG) was changed from Neutral to Overweight. For the second quarter, DraftKings had an EPS of $0.14, compared to year-ago quarter EPS of $0.29. At the moment, the stock has a 52-week-high of $34.49 and a 52-week-low of $10.70. DraftKings closed at $27.36 at the end of the last trading period.
According to Stifel, the prior rating for Wingstop Inc (NASDAQ:WING) was changed from Hold to Buy. Wingstop earned $0.57 in the second quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Wingstop shows a 52-week-high of $223.77 and a 52-week-low of $113.20. Moreover, at the end of the last trading period, the closing price was at $173.52.
See all analyst ratings upgrades.
Downgrades
Odeon Capital downgraded the previous rating for Comerica Inc (NYSE:CMA) from Buy to Hold. In the second quarter, Comerica showed an EPS of $2.01, compared to $1.92 from the year-ago quarter. At the moment, the stock has a 52-week-high of $77.34 and a 52-week-low of $28.40. Comerica closed at $41.45 at the end of the last trading period.
According to Jefferies, the prior rating for Carlisle Companies Inc (NYSE:CSL) was changed from Buy to Hold. For the second quarter, Carlisle Companies had an EPS of $5.18, compared to year-ago quarter EPS of $6.15. The stock has a 52-week-high of $301.45 and a 52-week-low of $203.66. At the end of the last trading period, Carlisle Companies closed at $255.68.
Jefferies downgraded the previous rating for Nordson Corp (NASDAQ:NDSN) from Buy to Hold. In the third quarter, Nordson showed an EPS of $2.35, compared to $2.49 from the year-ago quarter. The stock has a 52-week-high of $253.40 and a 52-week-low of $202.57. At the end of the last trading period, Nordson closed at $224.26.
Wells Fargo downgraded the previous rating for Olin Corp (NYSE:OLN) from Overweight to Equal-Weight. Olin earned $1.13 in the second quarter, compared to $2.76 in the year-ago quarter. The current stock performance of Olin shows a 52-week-high of $64.70 and a 52-week-low of $41.34. Moreover, at the end of the last trading period, the closing price was at $46.74.
According to BMO Capital, the prior rating for W.P. Carey Inc (NYSE:WPC) was changed from Outperform to Market Perform. For the second quarter, W.P. Carey had an EPS of $1.36, compared to year-ago quarter EPS of $1.31. The current stock performance of W.P. Carey shows a 52-week-high of $85.94 and a 52-week-low of $55.92. Moreover, at the end of the last trading period, the closing price was at $56.66.
According to Baird, the prior rating for Frequency Therapeutics Inc (NASDAQ:FREQ) was changed from Outperform to Neutral. Frequency Therapeutics earned $0.30 in the second quarter, compared to $0.61 in the year-ago quarter. The stock has a 52-week-high of $5.59 and a 52-week-low of $0.33. At the end of the last trading period, Frequency Therapeutics closed at $0.36.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Citigroup initiated coverage on Hesai Group (NASDAQ:HSAI). The price target seems to have been set at $12.90 for Hesai Gr. For the second quarter, Hesai Gr had an EPS of $0.04, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $30.36 and a 52-week-low of $7.35. Hesai Gr closed at $10.51 at the end of the last trading period.
With a Neutral rating, Compass Point initiated coverage on Boston Properties Inc (NYSE:BXP). The price target seems to have been set at $65.00 for Boston Props. For the second quarter, Boston Props had an EPS of $1.86, compared to year-ago quarter EPS of $1.94. The stock has a 52-week-high of $79.42 and a 52-week-low of $46.18. At the end of the last trading period, Boston Props closed at $59.64.
With a Sell rating, Compass Point initiated coverage on SL Green Realty Corp (NYSE:SLG). The price target seems to have been set at $27.00 for SL Green Realty. For the second quarter, SL Green Realty had an EPS of $1.43, compared to year-ago quarter EPS of $1.87. At the moment, the stock has a 52-week-high of $44.65 and a 52-week-low of $19.06. SL Green Realty closed at $36.57 at the end of the last trading period.
Compass Point initiated coverage on Vornado Realty Trust (NYSE:VNO) with a Neutral rating. The price target for Vornado Realty is set to $25.00. Vornado Realty earned $0.72 in the second quarter, compared to $0.83 in the year-ago quarter. The current stock performance of Vornado Realty shows a 52-week-high of $26.76 and a 52-week-low of $12.31. Moreover, at the end of the last trading period, the closing price was at $22.25.
HC Wainwright & Co. initiated coverage on Exelixis Inc (NASDAQ:EXEL) with a Buy rating. The price target for Exelixis is set to $28.00. In the second quarter, Exelixis showed an EPS of $0.31, compared to $0.28 from the year-ago quarter. The current stock performance of Exelixis shows a 52-week-high of $22.80 and a 52-week-low of $14.88. Moreover, at the end of the last trading period, the closing price was at $21.83.
Piper Sandler initiated coverage on Foot Locker Inc (NYSE:FL) with a Neutral rating. The price target for Foot Locker is set to $19.00. In the second quarter, Foot Locker showed an EPS of $0.04, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $47.22 and a 52-week-low of $14.84. At the end of the last trading period, Foot Locker closed at $17.44.
RBC Capital initiated coverage on Utz Brands Inc (NYSE:UTZ) with an Outperform rating. The price target for Utz Brands is set to $17.00. In the second quarter, Utz Brands showed an EPS of $0.13, compared to $0.13 from the year-ago quarter. The current stock performance of Utz Brands shows a 52-week-high of $19.12 and a 52-week-low of $13.53. Moreover, at the end of the last trading period, the closing price was at $13.56.
With a Buy rating, HSBC initiated coverage on Bumble Inc (NASDAQ:BMBL). The price target seems to have been set at $20.30 for Bumble. Bumble earned $0.05 in the second quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.92 and a 52-week-low of $14.28. Bumble closed at $14.80 at the end of the last trading period.
HSBC initiated coverage on Match Group Inc (NASDAQ:MTCH) with a Hold rating. The price target for Match Group is set to $47.10. For the second quarter, Match Group had an EPS of $0.48, compared to year-ago quarter EPS of $0.70. The current stock performance of Match Group shows a 52-week-high of $54.60 and a 52-week-low of $30.73. Moreover, at the end of the last trading period, the closing price was at $41.50.
HSBC initiated coverage on Pinterest Inc (NYSE:PINS) with a Buy rating. The price target for Pinterest is set to $32.10. Pinterest earned $0.21 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Pinterest shows a 52-week-high of $30.86 and a 52-week-low of $20.60. Moreover, at the end of the last trading period, the closing price was at $26.06.
HSBC initiated coverage on Snap Inc (NYSE:SNAP) with a Reduce rating. The price target for Snap is set to $7.50. For the second quarter, Snap had an EPS of $0.02, compared to year-ago quarter EPS of $0.02. The current stock performance of Snap shows a 52-week-high of $13.89 and a 52-week-low of $7.33. Moreover, at the end of the last trading period, the closing price was at $8.60.
With an Overweight rating, Stephens & Co. initiated coverage on Stevanato Group SPA (NYSE:STVN). The price target seems to have been set at $33.00 for Stevanato Gr. In the second quarter, Stevanato Gr showed an EPS of $0.15, compared to $0.13 from the year-ago quarter. The current stock performance of Stevanato Gr shows a 52-week-high of $36.30 and a 52-week-low of $13.75. Moreover, at the end of the last trading period, the closing price was at $26.91.
