Benzinga's Top Ratings Upgrades, Downgrades For March 14, 2023

Author: Benzinga Insights | March 14, 2023 11:00am

Upgrades

Citigroup upgraded the previous rating for LexinFintech Holdings Ltd (NASDAQ:LX) from Neutral to Buy. In the fourth quarter, LexinFintech Holdings showed an EPS of $0.30, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $3.86 and a 52-week-low of $1.26. At the end of the last trading period, LexinFintech Holdings closed at $2.24.

For Freeport-McMoRan Inc (NYSE:FCX), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. Freeport-McMoRan earned $0.52 in the fourth quarter, compared to $0.96 in the year-ago quarter. The current stock performance of Freeport-McMoRan shows a 52-week-high of $51.99 and a 52-week-low of $24.80. Moreover, at the end of the last trading period, the closing price was at $37.61.

Tigress Financial upgraded the previous rating for Acushnet Holdings Corp (NYSE:GOLF) from Neutral to Buy. Acushnet Hldgs earned $0.00 in the fourth quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Acushnet Hldgs shows a 52-week-high of $54.11 and a 52-week-low of $37.46. Moreover, at the end of the last trading period, the closing price was at $50.55.

For Newmont Corp (NYSE:NEM), Canaccord Genuity upgraded the previous rating of Hold to Buy. For the fourth quarter, Newmont had an EPS of $0.44, compared to year-ago quarter EPS of $0.78. At the moment, the stock has a 52-week-high of $86.37 and a 52-week-low of $37.45. Newmont closed at $45.12 at the end of the last trading period.

For Portland General Electric Co (NYSE:POR), B of A Securities upgraded the previous rating of Neutral to Buy. In the fourth quarter, Portland Gen Electric showed an EPS of $0.56, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.03 and a 52-week-low of $41.58. Portland Gen Electric closed at $46.07 at the end of the last trading period.

For Vermilion Energy Inc (NYSE:VET), JP Morgan upgraded the previous rating of Neutral to Overweight. For the fourth quarter, Vermilion Energy had an EPS of $1.80, compared to year-ago quarter EPS of $1.68. At the moment, the stock has a 52-week-high of $30.17 and a 52-week-low of $12.78. Vermilion Energy closed at $13.12 at the end of the last trading period.

According to Credit Suisse, the prior rating for Pinnacle West Capital Corp (NYSE:PNW) was changed from Neutral to Outperform. In the fourth quarter, Pinnacle West Capital showed an EPS of $0.21, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $80.60 and a 52-week-low of $59.03. Pinnacle West Capital closed at $75.45 at the end of the last trading period.

Needham upgraded the previous rating for TrueCar Inc (NASDAQ:TRUE) from Hold to Buy. TrueCar earned $0.21 in the fourth quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.08 and a 52-week-low of $1.30. TrueCar closed at $2.00 at the end of the last trading period.

For Unum Group (NYSE:UNM), Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. For the fourth quarter, Unum Gr had an EPS of $1.43, compared to year-ago quarter EPS of $0.89. The stock has a 52-week-high of $46.64 and a 52-week-low of $27.00. At the end of the last trading period, Unum Gr closed at $36.64.

According to JP Morgan, the prior rating for MPLX LP (NYSE:MPLX) was changed from Neutral to Overweight. In the fourth quarter, MPLX showed an EPS of $0.78, compared to $0.78 from the year-ago quarter. The current stock performance of MPLX shows a 52-week-high of $35.49 and a 52-week-low of $27.46. Moreover, at the end of the last trading period, the closing price was at $34.45.

For Match Group Inc (NASDAQ:MTCH), Barclays upgraded the previous rating of Equal-Weight to Overweight. Match Group earned $0.30 in the fourth quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $114.36 and a 52-week-low of $34.62. Match Group closed at $34.79 at the end of the last trading period.

Wolfe Research upgraded the previous rating for Roku Inc (NASDAQ:ROKU) from Underperform to Peer Perform. For the fourth quarter, Roku had an EPS of $1.70, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $139.58 and a 52-week-low of $38.26. Roku closed at $59.54 at the end of the last trading period.

For Tricon Residential Inc (NYSE:TCN), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. In the fourth quarter, Tricon Residential showed an EPS of $0.31, compared to $0.15 from the year-ago quarter. The current stock performance of Tricon Residential shows a 52-week-high of $17.23 and a 52-week-low of $7.18. Moreover, at the end of the last trading period, the closing price was at $7.65.

For Intellia Therapeutics Inc (NASDAQ:NTLA), BMO Capital upgraded the previous rating of Market Perform to Outperform. For the fourth quarter, Intellia Therapeutics had an EPS of $1.40, compared to year-ago quarter EPS of $1.09. The stock has a 52-week-high of $78.58 and a 52-week-low of $32.44. At the end of the last trading period, Intellia Therapeutics closed at $38.31.

Keybanc upgraded the previous rating for Avid Bioservices Inc (NASDAQ:CDMO) from Sector Weight to Overweight. For the third quarter, Avid Bioservices had an EPS of $0.07, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $22.38 and a 52-week-low of $11.30. At the end of the last trading period, Avid Bioservices closed at $13.82.

See all analyst ratings upgrades.

Downgrades

Craig-Hallum downgraded the previous rating for Momentive Global Inc (NASDAQ:MNTV) from Buy to Hold. Momentive Glb earned $0.14 in the fourth quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $18.48 and a 52-week-low of $5.13. At the end of the last trading period, Momentive Glb closed at $7.72.

Macquarie downgraded the previous rating for Lufax Holding Ltd (NYSE:LU) from Neutral to Underperform. For the fourth quarter, Lufax Holding had an EPS of $0.05, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $7.05 and a 52-week-low of $1.26. At the end of the last trading period, Lufax Holding closed at $1.92.

For Hancock Whitney Corp (NASDAQ:HWC), Janney Montgomery Scott downgraded the previous rating of Buy to Neutral. For the fourth quarter, Hancock Whitney had an EPS of $1.65, compared to year-ago quarter EPS of $1.51. At the moment, the stock has a 52-week-high of $57.00 and a 52-week-low of $37.00. Hancock Whitney closed at $39.74 at the end of the last trading period.

According to Scotiabank, the prior rating for Mid-America Apartment Communities Inc (NYSE:MAA) was changed from Sector Outperform to Sector Perform. In the fourth quarter, Mid-America Apartment showed an EPS of $2.32, compared to $1.90 from the year-ago quarter. The stock has a 52-week-high of $217.64 and a 52-week-low of $141.13. At the end of the last trading period, Mid-America Apartment closed at $151.50.

Needham downgraded the previous rating for Momentive Global Inc (NASDAQ:MNTV) from Buy to Hold. For the fourth quarter, Momentive Glb had an EPS of $0.14, compared to year-ago quarter EPS of $0.01. The current stock performance of Momentive Glb shows a 52-week-high of $18.48 and a 52-week-low of $5.13. Moreover, at the end of the last trading period, the closing price was at $7.72.

According to JP Morgan, the prior rating for Ovintiv Inc (NYSE:OVV) was changed from Overweight to Neutral. For the fourth quarter, Ovintiv had an EPS of $0.91, compared to year-ago quarter EPS of $1.25. At the moment, the stock has a 52-week-high of $63.30 and a 52-week-low of $36.81. Ovintiv closed at $37.61 at the end of the last trading period.

According to Oppenheimer, the prior rating for Lightning eMotors Inc (NYSE:ZEV) was changed from Outperform to Perform. Lightning eMotors earned $0.31 in the fourth quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Lightning eMotors shows a 52-week-high of $6.05 and a 52-week-low of $0.29. Moreover, at the end of the last trading period, the closing price was at $0.34.

For Provention Bio Inc (NASDAQ:PRVB), SMBC Nikko downgraded the previous rating of Outperform to Neutral. Provention Bio earned $0.34 in the third quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $24.23 and a 52-week-low of $3.19. At the end of the last trading period, Provention Bio closed at $24.10.

For Precision BioSciences Inc (NASDAQ:DTIL), BMO Capital downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Precision BioSciences showed an EPS of $0.26, compared to $0.52 from the year-ago quarter. The stock has a 52-week-high of $4.21 and a 52-week-low of $0.90. At the end of the last trading period, Precision BioSciences closed at $0.93.

For Seagen Inc (NASDAQ:SGEN), BMO Capital downgraded the previous rating of Outperform to Market Perform. For the fourth quarter, Seagen had an EPS of $0.80, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $202.86 and a 52-week-low of $105.43. Seagen closed at $197.65 at the end of the last trading period.

For Seagen Inc (NASDAQ:SGEN), JMP Securities downgraded the previous rating of Market Outperform to Market Perform. For the fourth quarter, Seagen had an EPS of $0.80, compared to year-ago quarter EPS of $0.95. The stock has a 52-week-high of $202.86 and a 52-week-low of $105.43. At the end of the last trading period, Seagen closed at $197.65.

For Qualtrics International Inc (NASDAQ:XM), JMP Securities downgraded the previous rating of Market Outperform to Market Perform. Qualtrics International earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.95 and a 52-week-low of $9.32. Qualtrics International closed at $17.68 at the end of the last trading period.

For Crestwood Equity Partners LP (NYSE:CEQP), JP Morgan downgraded the previous rating of Overweight to Neutral. Crestwood Equity Partners earned $0.26 in the fourth quarter, compared to $0.79 in the year-ago quarter. The current stock performance of Crestwood Equity Partners shows a 52-week-high of $32.96 and a 52-week-low of $22.88. Moreover, at the end of the last trading period, the closing price was at $24.76.

For Qualtrics International Inc (NASDAQ:XM), Raymond James downgraded the previous rating of Outperform to Market Perform. Qualtrics International earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Qualtrics International shows a 52-week-high of $30.95 and a 52-week-low of $9.32. Moreover, at the end of the last trading period, the closing price was at $17.68.

According to Jefferies, the prior rating for Provention Bio Inc (NASDAQ:PRVB) was changed from Buy to Hold. Provention Bio earned $0.34 in the third quarter, compared to $0.43 in the year-ago quarter. The current stock performance of Provention Bio shows a 52-week-high of $24.23 and a 52-week-low of $3.19. Moreover, at the end of the last trading period, the closing price was at $24.10.

For Qualtrics International Inc (NASDAQ:XM), Piper Sandler downgraded the previous rating of Overweight to Neutral. Qualtrics International earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.95 and a 52-week-low of $9.32. Qualtrics International closed at $17.68 at the end of the last trading period.

Raymond James downgraded the previous rating for Seagen Inc (NASDAQ:SGEN) from Strong Buy to Market Perform. In the fourth quarter, Seagen showed an EPS of $0.80, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $202.86 and a 52-week-low of $105.43. At the end of the last trading period, Seagen closed at $197.65.

For Ncino Inc (NASDAQ:NCNO), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, Ncino showed an EPS of $0.01, compared to $0.04 from the year-ago quarter. The current stock performance of Ncino shows a 52-week-high of $51.73 and a 52-week-low of $19.58. Moreover, at the end of the last trading period, the closing price was at $21.29.

Needham downgraded the previous rating for Seagen Inc (NASDAQ:SGEN) from Buy to Hold. For the fourth quarter, Seagen had an EPS of $0.80, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $202.86 and a 52-week-low of $105.43. Seagen closed at $197.65 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Deutsche Bank initiated coverage on LSB Industries Inc (NYSE:LXU) with a Buy rating. The price target for LSB Industries is set to $16.00. LSB Industries earned $0.90 in the fourth quarter, compared to $0.72 in the year-ago quarter. The current stock performance of LSB Industries shows a 52-week-high of $27.45 and a 52-week-low of $11.36. Moreover, at the end of the last trading period, the closing price was at $11.46.

Janney Montgomery Scott initiated coverage on Community Bank System Inc (NYSE:CBU) with a Buy rating. The price target for Community Bank System is set to $66.00. Community Bank System earned $0.96 in the fourth quarter, compared to $0.81 in the year-ago quarter. The current stock performance of Community Bank System shows a 52-week-high of $73.61 and a 52-week-low of $48.99. Moreover, at the end of the last trading period, the closing price was at $51.95.

Morgan Stanley initiated coverage on Nikola Corp (NASDAQ:NKLA) with a Equal-Weight rating. The price target for Nikola is set to $3.00. For the fourth quarter, Nikola had an EPS of $0.37, compared to year-ago quarter EPS of $0.23. The current stock performance of Nikola shows a 52-week-high of $11.87 and a 52-week-low of $1.60. Moreover, at the end of the last trading period, the closing price was at $1.78.

Barclays initiated coverage on Encompass Health Corp (NYSE:EHC) with a Equal-Weight rating. The price target for Encompass Health is set to $57.00. In the fourth quarter, Encompass Health showed an EPS of $0.88, compared to $0.97 from the year-ago quarter. The current stock performance of Encompass Health shows a 52-week-high of $74.61 and a 52-week-low of $44.33. Moreover, at the end of the last trading period, the closing price was at $52.81.

Citigroup initiated coverage on Lilium NV (NASDAQ:LILM) with a Neutral rating. The price target for Lilium is set to $1.00. NoneThe current stock performance of Lilium shows a 52-week-high of $5.52 and a 52-week-low of $0.80. Moreover, at the end of the last trading period, the closing price was at $0.84.

Jefferies initiated coverage on Academy Sports and Outdoors Inc (NASDAQ:ASO) with a Buy rating. The price target for Academy Sports is set to $73.00. For the third quarter, Academy Sports had an EPS of $1.69, compared to year-ago quarter EPS of $1.75. The stock has a 52-week-high of $63.89 and a 52-week-low of $25.10. At the end of the last trading period, Academy Sports closed at $58.45.

Jefferies initiated coverage on Hibbett Inc (NASDAQ:HIBB) with a Hold rating. The price target for Hibbett is set to $69.00. For the fourth quarter, Hibbett had an EPS of $2.91, compared to year-ago quarter EPS of $1.25. The stock has a 52-week-high of $75.38 and a 52-week-low of $39.58. At the end of the last trading period, Hibbett closed at $63.71.

With a Buy rating, JonesTrading initiated coverage on Trevi Therapeutics Inc (NASDAQ:TRVI). The price target seems to have been set at $7.00 for Trevi Therapeutics. For the third quarter, Trevi Therapeutics had an EPS of $0.12, compared to year-ago quarter EPS of $0.34. At the moment, the stock has a 52-week-high of $4.68 and a 52-week-low of $1.31. Trevi Therapeutics closed at $1.87 at the end of the last trading period.

With a Buy rating, JonesTrading initiated coverage on Durect Corp (NASDAQ:DRRX). The price target seems to have been set at $37.00 for Durect. For the fourth quarter, Durect had an EPS of $0.46, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $9.70 and a 52-week-low of $3.17. Durect closed at $4.65 at the end of the last trading period.

Stifel initiated coverage on Arcellx Inc (NASDAQ:ACLX) with a Buy rating. The price target for Arcellx is set to $43.00. At the moment, the stock has a 52-week-high of $35.26 and a 52-week-low of $6.04. Arcellx closed at $27.62 at the end of the last trading period.

Cantor Fitzgerald initiated coverage on Cipher Mining Inc (NASDAQ:CIFR) with an Overweight rating. The price target for Cipher Mining is set to $3.00. For the fourth quarter, Cipher Mining had an EPS of $0.09, compared to year-ago quarter EPS of $0.32. The stock has a 52-week-high of $3.94 and a 52-week-low of $0.38. At the end of the last trading period, Cipher Mining closed at $1.82.

With a Hold rating, Jefferies initiated coverage on Dick's Sporting Goods Inc (NYSE:DKS). The price target seems to have been set at $155.00 for Dick's Sporting Goods. For the fourth quarter, Dick's Sporting Goods had an EPS of $2.93, compared to year-ago quarter EPS of $3.64. The current stock performance of Dick's Sporting Goods shows a 52-week-high of $152.61 and a 52-week-low of $63.45. Moreover, at the end of the last trading period, the closing price was at $145.09.

See all analyst ratings initiations.

Posted In: ACLX ASO CBU CDMO CEQP CIFR DKS DRRX DTIL EHC FCX GOLF HIBB HWC LILM LU LX LXU MAA MNTV