Benzinga's Top Ratings Upgrades, Downgrades For September 7, 2023
Upgrades
For Tri Pointe Homes Inc (NYSE:TPH), Oppenheimer upgraded the previous rating of Perform to Outperform. For the second quarter, Tri Pointe Homes had an EPS of $0.60, compared to year-ago quarter EPS of $1.33. At the moment, the stock has a 52-week-high of $34.04 and a 52-week-low of $14.63. Tri Pointe Homes closed at $29.60 at the end of the last trading period.
Truist Securities upgraded the previous rating for Vail Resorts Inc (NYSE:MTN) from Hold to Buy. In the third quarter, Vail Resorts showed an EPS of $8.18, compared to $9.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $268.24 and a 52-week-low of $202.00. Vail Resorts closed at $243.05 at the end of the last trading period.
According to Wells Fargo, the prior rating for McDonald's Corp (NYSE:MCD) was changed from Equal-Weight to Overweight. For the second quarter, McDonald's had an EPS of $3.17, compared to year-ago quarter EPS of $2.55. The stock has a 52-week-high of $299.35 and a 52-week-low of $230.62. At the end of the last trading period, McDonald's closed at $275.44.
According to Goldman Sachs, the prior rating for Owens-Corning Inc (NYSE:OC) was changed from Sell to Neutral. Owens-Corning earned $4.22 in the second quarter, compared to $3.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $147.00 and a 52-week-low of $74.25. Owens-Corning closed at $142.50 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
According to Alembic Global, the prior rating for AeroVironment Inc (NASDAQ:AVAV) was changed from Overweight to Neutral. For the first quarter, AeroVironment had an EPS of $1.00, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $124.33 and a 52-week-low of $74.91. At the end of the last trading period, AeroVironment closed at $115.05.
According to Noble Capital Markets, the prior rating for Bassett Furniture Industries Inc (NASDAQ:BSET) was changed from Outperform to Market Perform. In the second quarter, Bassett Furniture Indus showed an EPS of $0.24, compared to $0.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.99 and a 52-week-low of $13.30. Bassett Furniture Indus closed at $15.20 at the end of the last trading period.
For Akoustis Technologies Inc (NASDAQ:AKTS), B. Riley Securities downgraded the previous rating of Buy to Neutral. Akoustis Technologies earned $0.21 in the fourth quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Akoustis Technologies shows a 52-week-high of $4.96 and a 52-week-low of $1.07. Moreover, at the end of the last trading period, the closing price was at $1.16.
Fox Advisors downgraded the previous rating for ChargePoint Holdings Inc (NYSE:CHPT) from Overweight to Equal-Weight. ChargePoint Hldgs earned $0.24 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $19.92 and a 52-week-low of $6.65. At the end of the last trading period, ChargePoint Hldgs closed at $7.06.
According to Evercore ISI Group, the prior rating for Verint Systems Inc (NASDAQ:VRNT) was changed from Outperform to In-Line. Verint Systems earned $0.48 in the second quarter, compared to $0.56 in the year-ago quarter. The current stock performance of Verint Systems shows a 52-week-high of $46.89 and a 52-week-low of $30.60. Moreover, at the end of the last trading period, the closing price was at $30.87.
For Dave & Buster's Entertainment Inc (NASDAQ:PLAY), Raymond James downgraded the previous rating of Strong Buy to Outperform. Dave & Buster's Enter earned $0.94 in the second quarter, compared to $0.85 in the year-ago quarter. The current stock performance of Dave & Buster's Enter shows a 52-week-high of $47.29 and a 52-week-low of $30.38. Moreover, at the end of the last trading period, the closing price was at $37.40.
According to Northcoast Research, the prior rating for NCR Corp (NYSE:NCR) was changed from Buy to Neutral. In the second quarter, NCR showed an EPS of $0.94, compared to $0.71 from the year-ago quarter. The stock has a 52-week-high of $32.72 and a 52-week-low of $18.06. At the end of the last trading period, NCR closed at $28.83.
According to Wells Fargo, the prior rating for Greenbrier Companies Inc (NYSE:GBX) was changed from Overweight to Equal-Weight. In the third quarter, Greenbrier Companies showed an EPS of $1.02, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $48.21 and a 52-week-low of $23.97. At the end of the last trading period, Greenbrier Companies closed at $41.64.
For Verint Systems Inc (NASDAQ:VRNT), Oppenheimer downgraded the previous rating of Outperform to Perform. Verint Systems earned $0.48 in the second quarter, compared to $0.56 in the year-ago quarter. The current stock performance of Verint Systems shows a 52-week-high of $46.89 and a 52-week-low of $30.60. Moreover, at the end of the last trading period, the closing price was at $30.87.
According to UBS, the prior rating for Tronox Holdings PLC (NYSE:TROX) was changed from Buy to Neutral. In the second quarter, Tronox Holdings showed an EPS of $0.16, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $17.61 and a 52-week-low of $10.58. At the end of the last trading period, Tronox Holdings closed at $13.90.
According to Baird, the prior rating for Torrid Holdings Inc (NYSE:CURV) was changed from Outperform to Neutral. For the second quarter, Torrid Holdings had an EPS of $0.06, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $6.90 and a 52-week-low of $2.04. Torrid Holdings closed at $2.20 at the end of the last trading period.
According to Barclays, the prior rating for Dell Technologies Inc (NYSE:DELL) was changed from Equal-Weight to Underweight. In the second quarter, Dell Technologies showed an EPS of $1.74, compared to $1.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.48 and a 52-week-low of $32.90. Dell Technologies closed at $70.47 at the end of the last trading period.
According to Barclays, the prior rating for Seagate Technology Holdings PLC (NASDAQ:STX) was changed from Overweight to Equal-Weight. For the fourth quarter, Seagate Tech Hldgs had an EPS of $0.18, compared to year-ago quarter EPS of $1.59. The current stock performance of Seagate Tech Hldgs shows a 52-week-high of $74.51 and a 52-week-low of $47.47. Moreover, at the end of the last trading period, the closing price was at $71.23.
For Polestar Automotive Holding UK PLC (NASDAQ:PSNY), Barclays downgraded the previous rating of Equal-Weight to Underweight. For the second quarter, Polestar Automotive had an EPS of $0.14, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $8.25 and a 52-week-low of $3.11. Polestar Automotive closed at $3.13 at the end of the last trading period.
According to B. Riley Securities, the prior rating for Crocs Inc (NASDAQ:CROX) was changed from Buy to Neutral. For the second quarter, Crocs had an EPS of $3.59, compared to year-ago quarter EPS of $3.24. The current stock performance of Crocs shows a 52-week-high of $151.32 and a 52-week-low of $65.20. Moreover, at the end of the last trading period, the closing price was at $96.36.
According to HSBC, the prior rating for Pampa Energia SA (NYSE:PAM) was changed from Hold to Reduce. In the second quarter, Pampa Energia showed an EPS of $3.01, compared to $1.20 from the year-ago quarter. The stock has a 52-week-high of $48.79 and a 52-week-low of $22.05. At the end of the last trading period, Pampa Energia closed at $42.91.
Loop Capital downgraded the previous rating for Roku Inc (NASDAQ:ROKU) from Buy to Hold. In the second quarter, Roku showed an EPS of $0.76, compared to $0.82 from the year-ago quarter. The stock has a 52-week-high of $98.44 and a 52-week-low of $38.27. At the end of the last trading period, Roku closed at $86.19.
See all analyst ratings downgrades.
Initiations
Lake Street initiated coverage on KORU Medical Systems Inc (NASDAQ:KRMD) with a Buy rating. The price target for KORU Medical Systems is set to $4.00. For the second quarter, KORU Medical Systems had an EPS of $0.05, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $4.48 and a 52-week-low of $2.13. KORU Medical Systems closed at $2.52 at the end of the last trading period.
With an Outperform rating, Noble Capital Markets initiated coverage on Bitcoin Depot Inc (NASDAQ:BTM). The price target seems to have been set at $9.00 for Bitcoin Depot. For the second quarter, Bitcoin Depot had an EPS of $0.69, compared to year-ago quarter EPS of $0.69. The current stock performance of Bitcoin Depot shows a 52-week-high of $4.49 and a 52-week-low of $2.57. Moreover, at the end of the last trading period, the closing price was at $2.76.
With a Buy rating, Craig-Hallum initiated coverage on scPharmaceuticals Inc (NASDAQ:SCPH). The price target seems to have been set at $20.00 for scPharmaceuticals. For the second quarter, scPharmaceuticals had an EPS of $0.36, compared to year-ago quarter EPS of $0.35. The current stock performance of scPharmaceuticals shows a 52-week-high of $12.75 and a 52-week-low of $3.71. Moreover, at the end of the last trading period, the closing price was at $7.00.
B. Riley Securities initiated coverage on KORU Medical Systems Inc (NASDAQ:KRMD) with a Buy rating. The price target for KORU Medical Systems is set to $4.50. KORU Medical Systems earned $0.05 in the second quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.48 and a 52-week-low of $2.13. KORU Medical Systems closed at $2.52 at the end of the last trading period.
With an Outperform rating, Raymond James initiated coverage on Canada Goose Holdings Inc (NYSE:GOOS). The price target seems to have been set at $26.00 for Canada Goose Hldgs. Canada Goose Hldgs earned $0.52 in the first quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $24.73 and a 52-week-low of $14.51. At the end of the last trading period, Canada Goose Hldgs closed at $15.52.
With a Equal-Weight rating, Wells Fargo initiated coverage on Monro Inc (NASDAQ:MNRO). The price target seems to have been set at $35.00 for Monro. Monro earned $0.31 in the first quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $55.70 and a 52-week-low of $32.05. At the end of the last trading period, Monro closed at $32.46.
With a Neutral rating, B of A Securities initiated coverage on Brookfield Asset Management Ltd (NYSE:BAM). The price target seems to have been set at $40.00 for Brookfield Asset Mgmt. In the second quarter, Brookfield Asset Mgmt showed an EPS of $0.28, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $51.45 and a 52-week-low of $26.79. At the end of the last trading period, Brookfield Asset Mgmt closed at $34.24.
With a Buy rating, B of A Securities initiated coverage on Akamai Technologies Inc (NASDAQ:AKAM). The price target seems to have been set at $145.00 for Akamai Techs. Akamai Techs earned $1.49 in the second quarter, compared to $1.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $107.47 and a 52-week-low of $70.65. Akamai Techs closed at $103.80 at the end of the last trading period.
With an Underperform rating, B of A Securities initiated coverage on Cloudflare Inc (NYSE:NET). The price target seems to have been set at $52.00 for Cloudflare. Cloudflare earned $0.10 in the second quarter, compared to $0.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $76.07 and a 52-week-low of $37.38. Cloudflare closed at $63.99 at the end of the last trading period.
HC Wainwright & Co. initiated coverage on Ardelyx Inc (NASDAQ:ARDX) with a Buy rating. The price target for Ardelyx is set to $9.00. For the second quarter, Ardelyx had an EPS of $0.08, compared to year-ago quarter EPS of $0.19. At the moment, the stock has a 52-week-high of $5.12 and a 52-week-low of $1.09. Ardelyx closed at $4.73 at the end of the last trading period.
With a Buy rating, Canaccord Genuity initiated coverage on Kenvue Inc (NYSE:KVUE). The price target seems to have been set at $28.00 for Kenvue. In the second quarter, Kenvue showed an EPS of $0.32, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.80 and a 52-week-low of $22.30. Kenvue closed at $22.38 at the end of the last trading period.
With a Buy rating, Compass Point initiated coverage on TeraWulf Inc (NASDAQ:WULF). The price target seems to have been set at $3.00 for TeraWulf. For the second quarter, TeraWulf had an EPS of $0.08, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $4.04 and a 52-week-low of $0.54. TeraWulf closed at $1.85 at the end of the last trading period.
Jefferies initiated coverage on American Financial Group Inc (NYSE:AFG) with a Hold rating. The price target for American Finl Gr is set to $120.00. In the second quarter, American Finl Gr showed an EPS of $2.38, compared to $2.85 from the year-ago quarter. The current stock performance of American Finl Gr shows a 52-week-high of $150.78 and a 52-week-low of $109.98. Moreover, at the end of the last trading period, the closing price was at $113.45.
With a Buy rating, Jefferies initiated coverage on Markel Group Inc (NYSE:MKL). The price target seems to have been set at $1750.00 for Markel Group. For the second quarter, Markel Group had an EPS of $50.09, compared to year-ago quarter EPS of $45.02. At the moment, the stock has a 52-week-high of $1519.96 and a 52-week-low of $1066.09. Markel Group closed at $1460.00 at the end of the last trading period.
With a Buy rating, Jefferies initiated coverage on RLI Corp (NYSE:RLI). The price target seems to have been set at $155.00 for RLI. In the second quarter, RLI showed an EPS of $1.16, compared to $1.49 from the year-ago quarter. The current stock performance of RLI shows a 52-week-high of $149.65 and a 52-week-low of $101.13. Moreover, at the end of the last trading period, the closing price was at $130.37.
With a Buy rating, Guggenheim initiated coverage on CyberArk Software Ltd (NASDAQ:CYBR). The price target seems to have been set at $200.00 for CyberArk Software. CyberArk Software earned $0.03 in the second quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $171.95 and a 52-week-low of $113.19. CyberArk Software closed at $171.55 at the end of the last trading period.
Deutsche Bank initiated coverage on Hilton Grand Vacations Inc (NYSE:HGV) with a Buy rating. The price target for Hilton Grand Vacations is set to $59.00. Hilton Grand Vacations earned $0.85 in the second quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Hilton Grand Vacations shows a 52-week-high of $51.81 and a 52-week-low of $32.13. Moreover, at the end of the last trading period, the closing price was at $42.55.
With an Overweight rating, Barclays initiated coverage on Flex Ltd (NASDAQ:FLEX). The price target seems to have been set at $35.00 for Flex. Flex earned $0.57 in the first quarter, compared to $0.54 in the year-ago quarter. The current stock performance of Flex shows a 52-week-high of $28.90 and a 52-week-low of $16.12. Moreover, at the end of the last trading period, the closing price was at $26.65.
With an Overweight rating, Barclays initiated coverage on Jabil Inc (NYSE:JBL). The price target seems to have been set at $134.00 for Jabil. Jabil earned $1.99 in the third quarter, compared to $1.72 in the year-ago quarter. The stock has a 52-week-high of $117.29 and a 52-week-low of $55.26. At the end of the last trading period, Jabil closed at $111.68.
Barclays initiated coverage on LPL Financial Holdings Inc (NASDAQ:LPLA) with an Overweight rating. The price target for LPL Finl Hldgs is set to $275.00. LPL Finl Hldgs earned $3.94 in the second quarter, compared to $2.24 in the year-ago quarter. The current stock performance of LPL Finl Hldgs shows a 52-week-high of $271.48 and a 52-week-low of $179.00. Moreover, at the end of the last trading period, the closing price was at $234.59.
Berenberg initiated coverage on Harmony Biosciences Holdings Inc (NASDAQ:HRMY) with a Buy rating. The price target for Harmony Biosciences is set to $59.00. For the second quarter, Harmony Biosciences had an EPS of $0.76, compared to year-ago quarter EPS of $0.57. At the moment, the stock has a 52-week-high of $61.94 and a 52-week-low of $29.81. Harmony Biosciences closed at $36.64 at the end of the last trading period.
Berenberg initiated coverage on Krystal Biotech Inc (NASDAQ:KRYS) with a Buy rating. The price target for Krystal Biotech is set to $154.00. In the second quarter, Krystal Biotech showed an EPS of $1.25, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $131.80 and a 52-week-low of $61.44. At the end of the last trading period, Krystal Biotech closed at $124.00.
HSBC initiated coverage on PNC Financial Services Group Inc (NYSE:PNC) with a Reduce rating. The price target for PNC Finl Servs Gr is set to $110.00. In the second quarter, PNC Finl Servs Gr showed an EPS of $3.36, compared to $3.42 from the year-ago quarter. The current stock performance of PNC Finl Servs Gr shows a 52-week-high of $169.86 and a 52-week-low of $110.31. Moreover, at the end of the last trading period, the closing price was at $118.36.
With a Hold rating, HSBC initiated coverage on Truist Financial Corp (NYSE:TFC). The price target seems to have been set at $29.00 for Truist Finl. Truist Finl earned $0.95 in the second quarter, compared to $1.20 in the year-ago quarter. 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 $29.72.
HSBC initiated coverage on U.S. Bancorp (NYSE:USB) with a Hold rating. The price target for U.S. Bancorp is set to $39.00. For the second quarter, U.S. Bancorp had an EPS of $1.12, compared to year-ago quarter EPS of $1.09. The stock has a 52-week-high of $49.95 and a 52-week-low of $27.27. At the end of the last trading period, U.S. Bancorp closed at $36.12.
HSBC initiated coverage on Morgan Stanley (NYSE:MS) with a Buy rating. The price target for Morgan Stanley is set to $99.00. In the second quarter, Morgan Stanley showed an EPS of $1.24, compared to $1.44 from the year-ago quarter. The stock has a 52-week-high of $100.99 and a 52-week-low of $74.69. At the end of the last trading period, Morgan Stanley closed at $84.16.
HSBC initiated coverage on The Goldman Sachs Group Inc (NYSE:GS) with a Buy rating. The price target for Goldman Sachs Gr is set to $403.00. For the second quarter, Goldman Sachs Gr had an EPS of $3.08, compared to year-ago quarter EPS of $7.73. At the moment, the stock has a 52-week-high of $389.43 and a 52-week-low of $287.84. Goldman Sachs Gr closed at $321.13 at the end of the last trading period.
HSBC initiated coverage on Wells Fargo & Co (NYSE:WFC) with a Hold rating. The price target for Wells Fargo is set to $45.00. In the second quarter, Wells Fargo showed an EPS of $1.25, compared to $0.74 from the year-ago quarter. The current stock performance of Wells Fargo shows a 52-week-high of $48.84 and a 52-week-low of $35.25. Moreover, at the end of the last trading period, the closing price was at $41.02.
With a Hold rating, HSBC initiated coverage on Citigroup Inc (NYSE:C). The price target seems to have been set at $43.00 for Citigroup. Citigroup earned $1.33 in the second quarter, compared to $2.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.23 and a 52-week-low of $40.01. Citigroup closed at $41.37 at the end of the last trading period.
HSBC initiated coverage on JPMorgan Chase & Co (NYSE:JPM) with a Hold rating. The price target for JPMorgan Chase is set to $159.00. In the second quarter, JPMorgan Chase showed an EPS of $4.75, compared to $2.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $159.38 and a 52-week-low of $101.30. JPMorgan Chase closed at $144.96 at the end of the last trading period.
HSBC initiated coverage on Bank of America Corp (NYSE:BAC) with a Buy rating. The price target for Bank of America is set to $35.00. Bank of America earned $0.88 in the second quarter, compared to $0.73 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.59 and a 52-week-low of $26.32. Bank of America closed at $28.39 at the end of the last trading period.
For Sportradar Group AG (NASDAQ:SRAD), JMP Securities initiated coverage, by setting the current rating at Market Perform. For the second quarter, Sportradar Gr had an EPS of $0.00, compared to year-ago quarter EPS of $0.08. The current stock performance of Sportradar Gr shows a 52-week-high of $15.56 and a 52-week-low of $7.84. Moreover, at the end of the last trading period, the closing price was at $11.60.
With a Market Outperform rating, JMP Securities initiated coverage on PlayAGS Inc (NYSE:AGS). The price target seems to have been set at $11.00 for PlayAGS. PlayAGS earned $0.02 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.28 and a 52-week-low of $4.40. PlayAGS closed at $6.58 at the end of the last trading period.
Raymond James initiated coverage on Oil States International Inc (NYSE:OIS) with an Outperform rating. The price target for Oil States International is set to $10.00. In the second quarter, Oil States International showed an EPS of $0.01, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.47 and a 52-week-low of $3.50. Oil States International closed at $8.41 at the end of the last trading period.
Stifel initiated coverage on Lowe's Companies Inc (NYSE:LOW) with a Buy rating. The price target for Lowe's Companies is set to $270.00. In the second quarter, Lowe's Companies showed an EPS of $4.56, compared to $4.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $237.21 and a 52-week-low of $176.62. Lowe's Companies closed at $229.61 at the end of the last trading period.
With a Hold rating, Stifel initiated coverage on The Home Depot Inc (NYSE:HD). The price target seems to have been set at $350.00 for Home Depot. For the second quarter, Home Depot had an EPS of $4.65, compared to year-ago quarter EPS of $5.05. At the moment, the stock has a 52-week-high of $346.95 and a 52-week-low of $265.63. Home Depot closed at $326.00 at the end of the last trading period.
With a Buy rating, Stifel initiated coverage on Floor & Decor Holdings Inc (NYSE:FND). The price target seems to have been set at $120.00 for Floor & Decor Hldgs. For the second quarter, Floor & Decor Hldgs had an EPS of $0.66, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $116.03 and a 52-week-low of $63.52. Floor & Decor Hldgs closed at $96.94 at the end of the last trading period.