Benzinga's Top Ratings Upgrades, Downgrades For February 10, 2023

Author: Benzinga Insights | February 10, 2023 11:00am

Upgrades

According to SVB Leerink, the prior rating for AbbVie Inc (NYSE:ABBV) was changed from Underperform to Market Perform. In the fourth quarter, AbbVie showed an EPS of $3.60, compared to $3.08 from the year-ago quarter. The stock has a 52-week-high of $175.91 and a 52-week-low of $134.09. At the end of the last trading period, AbbVie closed at $148.70.

For Apollo Global Management Inc (NYSE:APO), Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. In the fourth quarter, Apollo Global Management showed an EPS of $1.42, compared to $1.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $74.63 and a 52-week-low of $45.62. Apollo Global Management closed at $68.40 at the end of the last trading period.

Maxim Group upgraded the previous rating for Two Harbors Investment Corp (NYSE:TWO) from Hold to Buy. For the fourth quarter, Two Harbors Investment had an EPS of $0.73, compared to year-ago quarter EPS of $0.88. The current stock performance of Two Harbors Investment shows a 52-week-high of $22.66 and a 52-week-low of $12.12. Moreover, at the end of the last trading period, the closing price was at $16.76.

According to Gordon Haskett, the prior rating for Walmart Inc (NYSE:WMT) was changed from Hold to Accumulate. Walmart earned $1.50 in the third quarter, compared to $1.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $160.77 and a 52-week-low of $117.27. Walmart closed at $141.52 at the end of the last trading period.

According to Gordon Haskett, the prior rating for Five Below Inc (NASDAQ:FIVE) was changed from Accumulate to Buy. For the third quarter, Five Below had an EPS of $0.29, compared to year-ago quarter EPS of $0.43. The current stock performance of Five Below shows a 52-week-high of $202.94 and a 52-week-low of $109.49. Moreover, at the end of the last trading period, the closing price was at $200.31.

Gordon Haskett upgraded the previous rating for Tractor Supply Co (NASDAQ:TSCO) from Accumulate to Buy. In the fourth quarter, Tractor Supply showed an EPS of $2.43, compared to $1.93 from the year-ago quarter. The stock has a 52-week-high of $241.54 and a 52-week-low of $166.49. At the end of the last trading period, Tractor Supply closed at $233.76.

Scotiabank upgraded the previous rating for Thomson Reuters Corp (NYSE:TRI) from Sector Perform to Sector Outperform. For the fourth quarter, Thomson Reuters had an EPS of $0.73, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $121.75 and a 52-week-low of $91.55. Thomson Reuters closed at $114.96 at the end of the last trading period.

Stephens & Co. upgraded the previous rating for First American Financial Corp (NYSE:FAF) from Equal-Weight to Overweight. In the fourth quarter, First American Financial showed an EPS of $1.35, compared to $2.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $76.63 and a 52-week-low of $43.54. First American Financial closed at $57.54 at the end of the last trading period.

For Fleetcor Technologies Inc (NYSE:FLT), Baird upgraded the previous rating of Neutral to Outperform. In the fourth quarter, Fleetcor Technologies showed an EPS of $4.04, compared to $3.72 from the year-ago quarter. The stock has a 52-week-high of $265.30 and a 52-week-low of $161.69. At the end of the last trading period, Fleetcor Technologies closed at $203.99.

For VF Corp (NYSE:VFC), Stifel upgraded the previous rating of Hold to Buy. For the third quarter, VF had an EPS of $1.12, compared to year-ago quarter EPS of $1.35. The stock has a 52-week-high of $64.74 and a 52-week-low of $25.05. At the end of the last trading period, VF closed at $26.03.

Mizuho upgraded the previous rating for Seagate Technology Holdings PLC (NASDAQ:STX) from Neutral to Buy. Seagate Tech Hldgs earned $0.16 in the second quarter, compared to $2.41 in the year-ago quarter. The current stock performance of Seagate Tech Hldgs shows a 52-week-high of $113.50 and a 52-week-low of $47.47. Moreover, at the end of the last trading period, the closing price was at $69.80.

According to Mizuho, the prior rating for Western Digital Corp (NASDAQ:WDC) was changed from Neutral to Buy. In the second quarter, Western Digital showed an EPS of $0.42, compared to $2.30 from the year-ago quarter. The stock has a 52-week-high of $63.26 and a 52-week-low of $29.73. At the end of the last trading period, Western Digital closed at $41.99.

Mizuho upgraded the previous rating for Micron Technology Inc (NASDAQ:MU) from Neutral to Buy. In the first quarter, Micron Technology showed an EPS of $0.04, compared to $2.16 from the year-ago quarter. The current stock performance of Micron Technology shows a 52-week-high of $96.50 and a 52-week-low of $48.43. Moreover, at the end of the last trading period, the closing price was at $60.18.

RBC Capital upgraded the previous rating for Masco Corp (NYSE:MAS) from Sector Perform to Outperform. In the fourth quarter, Masco showed an EPS of $0.65, compared to $0.67 from the year-ago quarter. The stock has a 52-week-high of $61.10 and a 52-week-low of $42.33. At the end of the last trading period, Masco closed at $54.00.

According to UBS, the prior rating for JM Smucker Co (NYSE:SJM) was changed from Sell to Neutral. In the second quarter, JM Smucker showed an EPS of $2.40, compared to $2.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $163.07 and a 52-week-low of $119.82. JM Smucker closed at $146.08 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to MoffettNathanson, the prior rating for The Interpublic Group of Companies Inc (NYSE:IPG) was changed from Outperform to Market Perform. Interpublic Gr of Cos earned $1.02 in the fourth quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.98 and a 52-week-low of $25.14. Interpublic Gr of Cos closed at $37.12 at the end of the last trading period.

According to Jefferies, the prior rating for XPO Inc (NYSE:XPO) was changed from Buy to Hold. In the fourth quarter, XPO showed an EPS of $0.98, compared to $1.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.63 and a 52-week-low of $30.54. XPO closed at $37.84 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Lyft Inc (NASDAQ:LYFT) from Overweight to Equal-Weight. For the fourth quarter, Lyft had an EPS of $0.76, compared to year-ago quarter EPS of $0.09. The current stock performance of Lyft shows a 52-week-high of $45.65 and a 52-week-low of $9.66. Moreover, at the end of the last trading period, the closing price was at $16.22.

According to DA Davidson, the prior rating for Monday.Com Ltd (NASDAQ:MNDY) was changed from Buy to Neutral. Monday.Com earned $0.05 in the third quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Monday.Com shows a 52-week-high of $238.43 and a 52-week-low of $73.58. Moreover, at the end of the last trading period, the closing price was at $139.91.

According to Citigroup, the prior rating for Lyft Inc (NASDAQ:LYFT) was changed from Buy to Neutral. In the fourth quarter, Lyft showed an EPS of $0.76, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.65 and a 52-week-low of $9.66. Lyft closed at $16.22 at the end of the last trading period.

Wells Fargo downgraded the previous rating for NuVasive Inc (NASDAQ:NUVA) from Overweight to Equal-Weight. In the third quarter, NuVasive showed an EPS of $0.54, compared to $0.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $60.47 and a 52-week-low of $35.17. NuVasive closed at $47.13 at the end of the last trading period.

According to Wells Fargo, the prior rating for Globus Medical Inc (NYSE:GMED) was changed from Overweight to Equal-Weight. For the third quarter, Globus Medical had an EPS of $0.50, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $81.78 and a 52-week-low of $52.60. At the end of the last trading period, Globus Medical closed at $62.97.

According to Cantor Fitzgerald, the prior rating for Coursera Inc (NYSE:COUR) was changed from Overweight to Neutral. In the fourth quarter, Coursera showed an EPS of $0.04, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.01 and a 52-week-low of $9.81. Coursera closed at $14.75 at the end of the last trading period.

Wedbush downgraded the previous rating for Lyft Inc (NASDAQ:LYFT) from Outperform to Neutral. In the fourth quarter, Lyft showed an EPS of $0.76, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.65 and a 52-week-low of $9.66. Lyft closed at $16.22 at the end of the last trading period.

According to William Blair, the prior rating for Nautilus Inc (NYSE:NLS) was changed from Outperform to Market Perform. Nautilus earned $0.35 in the third quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $6.05 and a 52-week-low of $1.23. At the end of the last trading period, Nautilus closed at $1.83.

GLJ Research downgraded the previous rating for United States Steel Corp (NYSE:X) from Buy to Sell. For the fourth quarter, United States Steel had an EPS of $0.87, compared to year-ago quarter EPS of $3.64. The current stock performance of United States Steel shows a 52-week-high of $39.25 and a 52-week-low of $16.41. Moreover, at the end of the last trading period, the closing price was at $28.10.

For Sun Life Financial Inc (NYSE:SLF), CIBC downgraded the previous rating of Outperformer to Neutral. In the fourth quarter, Sun Life Financial showed an EPS of $1.26, compared to $1.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.49 and a 52-week-low of $37.96. Sun Life Financial closed at $50.71 at the end of the last trading period.

According to Gordon Haskett, the prior rating for Dollar General Corp (NYSE:DG) was changed from Buy to Accumulate. Dollar Gen earned $2.33 in the third quarter, compared to $2.08 in the year-ago quarter. The current stock performance of Dollar Gen shows a 52-week-high of $262.20 and a 52-week-low of $183.25. Moreover, at the end of the last trading period, the closing price was at $229.00.

Gordon Haskett downgraded the previous rating for Floor & Decor Holdings Inc (NYSE:FND) from Accumulate to Hold. For the third quarter, Floor & Decor Hldgs had an EPS of $0.70, compared to year-ago quarter EPS of $0.60. At the moment, the stock has a 52-week-high of $112.79 and a 52-week-low of $59.91. Floor & Decor Hldgs closed at $98.96 at the end of the last trading period.

JP Morgan downgraded the previous rating for Lyft Inc (NASDAQ:LYFT) from Overweight to Neutral. In the fourth quarter, Lyft showed an EPS of $0.76, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.65 and a 52-week-low of $9.66. Lyft closed at $16.22 at the end of the last trading period.

For Lyft Inc (NASDAQ:LYFT), Loop Capital downgraded the previous rating of Buy to Hold. In the fourth quarter, Lyft showed an EPS of $0.76, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $45.65 and a 52-week-low of $9.66. At the end of the last trading period, Lyft closed at $16.22.

According to B. Riley Securities, the prior rating for Lumentum Holdings Inc (NASDAQ:LITE) was changed from Buy to Neutral. Lumentum Holdings earned $1.52 in the second quarter, compared to $1.60 in the year-ago quarter. The stock has a 52-week-high of $105.05 and a 52-week-low of $48.73. At the end of the last trading period, Lumentum Holdings closed at $60.30.

For XPO Inc (NYSE:XPO), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. XPO earned $0.98 in the fourth quarter, compared to $1.34 in the year-ago quarter. The current stock performance of XPO shows a 52-week-high of $79.63 and a 52-week-low of $30.54. Moreover, at the end of the last trading period, the closing price was at $37.84.

For Sterling Check Corp (NASDAQ:STER), Needham downgraded the previous rating of Buy to Hold. Sterling Check earned $0.29 in the third quarter, compared to $0.33 in the year-ago quarter. The current stock performance of Sterling Check shows a 52-week-high of $28.76 and a 52-week-low of $12.22. Moreover, at the end of the last trading period, the closing price was at $13.76.

According to Truist Securities, the prior rating for NuVasive Inc (NASDAQ:NUVA) was changed from Buy to Hold. In the third quarter, NuVasive showed an EPS of $0.54, compared to $0.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $60.47 and a 52-week-low of $35.17. NuVasive closed at $47.13 at the end of the last trading period.

For Globus Medical Inc (NYSE:GMED), Truist Securities downgraded the previous rating of Buy to Hold. In the third quarter, Globus Medical showed an EPS of $0.50, compared to $0.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $81.78 and a 52-week-low of $52.60. Globus Medical closed at $62.97 at the end of the last trading period.

According to Needham, the prior rating for GitLab Inc (NASDAQ:GTLB) was changed from Buy to Hold. For the third quarter, GitLab had an EPS of $0.10, compared to year-ago quarter EPS of $0.34. The current stock performance of GitLab shows a 52-week-high of $80.84 and a 52-week-low of $30.74. Moreover, at the end of the last trading period, the closing price was at $42.30.

According to HC Wainwright & Co., the prior rating for Eliem Therapeutics Inc (NASDAQ:ELYM) was changed from Buy to Neutral. Eliem Therapeutics earned $0.37 in the third quarter, compared to $0.70 in the year-ago quarter.

According to Loop Capital, the prior rating for Globus Medical Inc (NYSE:GMED) was changed from Buy to Hold. In the third quarter, Globus Medical showed an EPS of $0.50, compared to $0.50 from the year-ago quarter. The current stock performance of Globus Medical shows a 52-week-high of $81.78 and a 52-week-low of $52.60. Moreover, at the end of the last trading period, the closing price was at $62.97.

Needham downgraded the previous rating for Globus Medical Inc (NYSE:GMED) from Buy to Hold. For the third quarter, Globus Medical had an EPS of $0.50, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $81.78 and a 52-week-low of $52.60. At the end of the last trading period, Globus Medical closed at $62.97.

According to DA Davidson, the prior rating for Lyft Inc (NASDAQ:LYFT) was changed from Buy to Neutral. Lyft earned $0.76 in the fourth quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $45.65 and a 52-week-low of $9.66. At the end of the last trading period, Lyft closed at $16.22.

For Lyft Inc (NASDAQ:LYFT), Truist Securities downgraded the previous rating of Buy to Hold. In the fourth quarter, Lyft showed an EPS of $0.76, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.65 and a 52-week-low of $9.66. Lyft closed at $16.22 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Affirm Holdings Inc (NASDAQ:AFRM) from Overweight to Equal-Weight. Affirm Holdings earned $1.10 in the second quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $83.57 and a 52-week-low of $8.62. Affirm Holdings closed at $13.29 at the end of the last trading period.

Credit Suisse downgraded the previous rating for Exact Sciences Corp (NASDAQ:EXAS) from Outperform to Neutral. For the third quarter, Exact Sciences had an EPS of $0.84, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $84.31 and a 52-week-low of $29.27. At the end of the last trading period, Exact Sciences closed at $66.56.

According to Credit Suisse, the prior rating for Mercer International Inc (NASDAQ:MERC) was changed from Outperform to Neutral. For the third quarter, Mercer Intl had an EPS of $1.00, compared to year-ago quarter EPS of $1.04. The stock has a 52-week-high of $17.50 and a 52-week-low of $11.08. At the end of the last trading period, Mercer Intl closed at $12.36.

For Bloom Energy Corp (NYSE:BE), JP Morgan downgraded the previous rating of Overweight to Neutral. For the fourth quarter, Bloom Energy had an EPS of $0.27, compared to year-ago quarter EPS of $0.05. The current stock performance of Bloom Energy shows a 52-week-high of $31.47 and a 52-week-low of $11.47. Moreover, at the end of the last trading period, the closing price was at $23.64.

JP Morgan downgraded the previous rating for Fluence Energy Inc (NASDAQ:FLNC) from Overweight to Neutral. In the first quarter, Fluence Energy showed an EPS of $0.11, compared to $0.82 from the year-ago quarter. The stock has a 52-week-high of $26.78 and a 52-week-low of $4.96. At the end of the last trading period, Fluence Energy closed at $24.26.

According to Citigroup, the prior rating for NuVasive Inc (NASDAQ:NUVA) was changed from Buy to Neutral. For the third quarter, NuVasive had an EPS of $0.54, compared to year-ago quarter EPS of $0.32. The current stock performance of NuVasive shows a 52-week-high of $60.47 and a 52-week-low of $35.17. Moreover, at the end of the last trading period, the closing price was at $47.13.

According to RBC Capital, the prior rating for Black Hills Corp (NYSE:BKH) was changed from Outperform to Sector Perform. Black Hills earned $1.11 in the fourth quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $80.95 and a 52-week-low of $59.08. At the end of the last trading period, Black Hills closed at $63.21.

For Oak Street Health Inc (NYSE:OSH), Raymond James downgraded the previous rating of Outperform to Market Perform. For the third quarter, Oak Street Health had an EPS of $0.56, compared to year-ago quarter EPS of $0.49. The current stock performance of Oak Street Health shows a 52-week-high of $35.47 and a 52-week-low of $13.29. Moreover, at the end of the last trading period, the closing price was at $35.26.

For Globus Medical Inc (NYSE:GMED), BTIG downgraded the previous rating of Buy to Neutral. For the third quarter, Globus Medical had an EPS of $0.50, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of $81.78 and a 52-week-low of $52.60. Globus Medical closed at $62.97 at the end of the last trading period.

For Sumo Logic Inc (NASDAQ:SUMO), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the third quarter, Sumo Logic showed an EPS of $0.04, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $12.67 and a 52-week-low of $6.42. At the end of the last trading period, Sumo Logic closed at $11.90.

According to Keybanc, the prior rating for Lyft Inc (NASDAQ:LYFT) was changed from Overweight to Sector Weight. For the fourth quarter, Lyft had an EPS of $0.76, compared to year-ago quarter EPS of $0.09. The current stock performance of Lyft shows a 52-week-high of $45.65 and a 52-week-low of $9.66. Moreover, at the end of the last trading period, the closing price was at $16.22.

For Gates Industrial Corp PLC (NYSE:GTES), Keybanc downgraded the previous rating of Overweight to Sector Weight. In the fourth quarter, Gates Industrial Corp showed an EPS of $0.25, compared to $0.31 from the year-ago quarter. The stock has a 52-week-high of $16.44 and a 52-week-low of $9.40. At the end of the last trading period, Gates Industrial Corp closed at $13.94.

See all analyst ratings downgrades.

Initiations

Seaport Global initiated coverage on Summit Materials Inc (NYSE:SUM) with a Neutral rating. Summit Materials earned $0.70 in the third quarter, compared to $0.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $35.83 and a 52-week-low of $21.62. Summit Materials closed at $32.07 at the end of the last trading period.

Seaport Global initiated coverage on Vulcan Materials Co (NYSE:VMC) with a Neutral rating. Vulcan Materials earned $1.78 in the third quarter, compared to $1.54 in the year-ago quarter. The current stock performance of Vulcan Materials shows a 52-week-high of $193.31 and a 52-week-low of $137.54. Moreover, at the end of the last trading period, the closing price was at $185.09.

For Martin Marietta Materials Inc (NYSE:MLM), Seaport Global initiated coverage, by setting the current rating at Neutral. Martin Marietta Materials earned $4.69 in the third quarter, compared to $4.25 in the year-ago quarter. The current stock performance of Martin Marietta Materials shows a 52-week-high of $406.85 and a 52-week-low of $284.99. Moreover, at the end of the last trading period, the closing price was at $353.24.

With a Buy rating, Canaccord Genuity initiated coverage on Leonardo DRS Inc (NASDAQ:DRS). The price target seems to have been set at $17.00 for Leonardo DRS. At the moment, the stock has a 52-week-high of $13.61 and a 52-week-low of $9.11. Leonardo DRS closed at $13.35 at the end of the last trading period.

B of A Securities initiated coverage on Stem Inc (NYSE:STEM) with a Neutral rating. The price target for Stem is set to $11.00. For the third quarter, Stem had an EPS of $0.22, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $18.02 and a 52-week-low of $5.72. At the end of the last trading period, Stem closed at $9.59.

B of A Securities initiated coverage on FREYR Battery (NYSE:FREY) with a Buy rating. The price target for FREYR Battery is set to $13.00. For the third quarter, FREYR Battery had an EPS of $0.20, compared to year-ago quarter EPS of $0.42. At the moment, the stock has a 52-week-high of $16.94 and a 52-week-low of $6.42. FREYR Battery closed at $8.49 at the end of the last trading period.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Verano Holdings Corp (OTC:VRNOF). The price target seems to have been set at $10.00 for Verano Holdings. The current stock performance of Verano Holdings shows a 52-week-high of $13.10 and a 52-week-low of $2.58. Moreover, at the end of the last trading period, the closing price was at $2.95.

With a Neutral rating, Cantor Fitzgerald initiated coverage on Planet 13 Holdings Inc (OTC:PLNHF). The price target seems to have been set at $0.95 for Planet 13 Hldgs. In the third quarter, Planet 13 Hldgs showed an EPS of $0.03, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $3.39 and a 52-week-low of $0.60. At the end of the last trading period, Planet 13 Hldgs closed at $0.88.

Cantor Fitzgerald initiated coverage on Ascend Wellness Holdings Inc (OTC:AAWH) with a Neutral rating. The price target for Ascend Wellness Holdings is set to $1.75. The current stock performance of Ascend Wellness Holdings shows a 52-week-high of $5.36 and a 52-week-low of $0.98. Moreover, at the end of the last trading period, the closing price was at $1.35.

With a Buy rating, JonesTrading initiated coverage on Mainz Biomed NV (NASDAQ:MYNZ). The price target seems to have been set at $11.00 for Mainz Biomed. NoneThe stock has a 52-week-high of $18.63 and a 52-week-low of $6.06. At the end of the last trading period, Mainz Biomed closed at $6.60.

See all analyst ratings initiations.

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