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

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

Upgrades

For Regions Financial Corp (NYSE:RF), UBS upgraded the previous rating of Neutral to Buy. Regions Finl earned $0.67 in the fourth quarter, compared to $0.44 in the year-ago quarter. The current stock performance of Regions Finl shows a 52-week-high of $24.33 and a 52-week-low of $13.94. Moreover, at the end of the last trading period, the closing price was at $18.36.

OTR Global upgraded the previous rating for Starbucks Corp (NASDAQ:SBUX) from Mixed to Positive. Starbucks earned $0.75 in the first quarter, compared to $0.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $110.83 and a 52-week-low of $68.39. Starbucks closed at $104.68 at the end of the last trading period.

For The Western Union Co (NYSE:WU), UBS upgraded the previous rating of Sell to Neutral. Western Union earned $0.32 in the fourth quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Western Union shows a 52-week-high of $19.96 and a 52-week-low of $10.07. Moreover, at the end of the last trading period, the closing price was at $11.03.

Scotiabank upgraded the previous rating for Nutrien Ltd (NYSE:NTR) from Sector Perform to Sector Outperform. In the fourth quarter, Nutrien showed an EPS of $2.02, compared to $2.47 from the year-ago quarter. The stock has a 52-week-high of $117.22 and a 52-week-low of $67.52. At the end of the last trading period, Nutrien closed at $68.01.

According to Scotiabank, the prior rating for CF Industries Holdings Inc (NYSE:CF) was changed from Sector Perform to Sector Outperform. CF Industries Holdings earned $4.35 in the fourth quarter, compared to $3.27 in the year-ago quarter. The stock has a 52-week-high of $119.54 and a 52-week-low of $67.95. At the end of the last trading period, CF Industries Holdings closed at $71.46.

For McDonald's Corp (NYSE:MCD), Northcoast Research upgraded the previous rating of Neutral to Buy. McDonald's earned $2.59 in the fourth quarter, compared to $2.23 in the year-ago quarter. The current stock performance of McDonald's shows a 52-week-high of $284.98 and a 52-week-low of $228.39. Moreover, at the end of the last trading period, the closing price was at $282.89.

Evercore ISI Group upgraded the previous rating for AvalonBay Communities Inc (NYSE:AVB) from In-Line to Outperform. For the fourth quarter, AvalonBay Communities had an EPS of $2.59, compared to year-ago quarter EPS of $2.27. The current stock performance of AvalonBay Communities shows a 52-week-high of $258.66 and a 52-week-low of $153.07. Moreover, at the end of the last trading period, the closing price was at $168.19.

According to Evercore ISI Group, the prior rating for American Homes 4 Rent (NYSE:AMH) was changed from In-Line to Outperform. American Homes 4 Rent earned $0.40 in the fourth quarter, compared to $0.37 in the year-ago quarter. The current stock performance of American Homes 4 Rent shows a 52-week-high of $43.88 and a 52-week-low of $28.79. Moreover, at the end of the last trading period, the closing price was at $31.70.

For Weyerhaeuser Co (NYSE:WY), DA Davidson upgraded the previous rating of Neutral to Buy. In the fourth quarter, Weyerhaeuser showed an EPS of $0.24, compared to $0.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.83 and a 52-week-low of $27.37. Weyerhaeuser closed at $29.85 at the end of the last trading period.

Benchmark upgraded the previous rating for Emergent BioSolutions Inc (NYSE:EBS) from Hold to Buy. In the fourth quarter, Emergent BioSolutions showed an EPS of $0.31, compared to $4.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $43.78 and a 52-week-low of $7.74. Emergent BioSolutions closed at $10.56 at the end of the last trading period.

Susquehanna upgraded the previous rating for TFI International Inc (NYSE:TFII) from Neutral to Positive. TFI International earned $1.72 in the fourth quarter, compared to $1.57 in the year-ago quarter. The stock has a 52-week-high of $128.93 and a 52-week-low of $71.95. At the end of the last trading period, TFI International closed at $111.42.

For SiteOne Landscape Supply Inc (NYSE:SITE), Loop Capital upgraded the previous rating of Hold to Buy. SiteOne Landscape Supply earned $0.02 in the fourth quarter, compared to $0.60 in the year-ago quarter. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $165.32 and a 52-week-low of $97.51. Moreover, at the end of the last trading period, the closing price was at $129.37.

According to Deutsche Bank, the prior rating for Catalent Inc (NYSE:CTLT) was changed from Hold to Buy. In the second quarter, Catalent showed an EPS of $0.67, compared to $0.90 from the year-ago quarter. The stock has a 52-week-high of $115.30 and a 52-week-low of $40.70. At the end of the last trading period, Catalent closed at $64.95.

Credit Suisse upgraded the previous rating for Kemper Corp (NYSE:KMPR) from Neutral to Outperform. Kemper earned $0.41 in the fourth quarter, compared to $2.05 in the year-ago quarter. The stock has a 52-week-high of $68.15 and a 52-week-low of $40.90. At the end of the last trading period, Kemper closed at $56.44.

For Northern Trust Corp (NASDAQ:NTRS), JP Morgan upgraded the previous rating of Underweight to Neutral. Northern Trust earned $1.66 in the fourth quarter, compared to $1.91 in the year-ago quarter. The stock has a 52-week-high of $116.50 and a 52-week-low of $76.15. At the end of the last trading period, Northern Trust closed at $86.73.

For NetApp Inc (NASDAQ:NTAP), Stifel upgraded the previous rating of Hold to Buy. NetApp earned $1.37 in the third quarter, compared to $1.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $80.79 and a 52-week-low of $58.08. NetApp closed at $63.00 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to UBS, the prior rating for Huntington Bancshares Inc (NASDAQ:HBAN) was changed from Buy to Neutral. For the fourth quarter, Huntington Bancshares had an EPS of $0.43, compared to year-ago quarter EPS of $0.36. The current stock performance of Huntington Bancshares shows a 52-week-high of $15.74 and a 52-week-low of $9.94. Moreover, at the end of the last trading period, the closing price was at $11.19.

For M&T Bank Corp (NYSE:MTB), UBS downgraded the previous rating of Buy to Neutral. M&T Bank earned $4.57 in the fourth quarter, compared to $3.50 in the year-ago quarter. The stock has a 52-week-high of $193.35 and a 52-week-low of $110.00. At the end of the last trading period, M&T Bank closed at $117.57.

UBS downgraded the previous rating for U.S. Bancorp (NYSE:USB) from Buy to Neutral. In the fourth quarter, U.S. Bancorp showed an EPS of $1.20, compared to $1.07 from the year-ago quarter. The stock has a 52-week-high of $53.86 and a 52-week-low of $32.72. At the end of the last trading period, U.S. Bancorp closed at $35.75.

For BCE Inc (NYSE:BCE), Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. In the fourth quarter, BCE showed an EPS of $0.53, compared to $0.60 from the year-ago quarter. The stock has a 52-week-high of $59.34 and a 52-week-low of $39.89. At the end of the last trading period, BCE closed at $46.70.

For Essex Property Trust Inc (NYSE:ESS), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the fourth quarter, Essex Property Trust showed an EPS of $3.77, compared to $3.25 from the year-ago quarter. The stock has a 52-week-high of $363.00 and a 52-week-low of $195.03. At the end of the last trading period, Essex Property Trust closed at $209.74.

For Cushman & Wakefield PLC (NYSE:CWK), Goldman Sachs downgraded the previous rating of Buy to Neutral. For the fourth quarter, Cushman & Wakefield had an EPS of $0.46, compared to year-ago quarter EPS of $0.94. The current stock performance of Cushman & Wakefield shows a 52-week-high of $20.15 and a 52-week-low of $9.26. Moreover, at the end of the last trading period, the closing price was at $9.85.

For Incyte Corp (NASDAQ:INCY), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the fourth quarter, Incyte showed an EPS of $0.62, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $86.29 and a 52-week-low of $65.07. At the end of the last trading period, Incyte closed at $75.51.

According to Keefe, Bruyette & Woods, the prior rating for Block Inc (NYSE:SQ) was changed from Outperform to Market Perform. In the fourth quarter, Block showed an EPS of $0.22, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $133.79 and a 52-week-low of $51.34. At the end of the last trading period, Block closed at $68.10.

According to Raymond James, the prior rating for Bath & Body Works Inc (NYSE:BBWI) was changed from Strong Buy to Outperform. Bath & Body Works earned $1.86 in the fourth quarter, compared to $2.30 in the year-ago quarter. The stock has a 52-week-high of $57.90 and a 52-week-low of $25.81. At the end of the last trading period, Bath & Body Works closed at $35.53.

See all analyst ratings downgrades.

Initiations

Craig-Hallum initiated coverage on LuxUrban Hotels Inc (NASDAQ:LUXH) with a Buy rating. The price target for LuxUrban Hotels is set to $10.00. The current stock performance of LuxUrban Hotels shows a 52-week-high of $3.18 and a 52-week-low of $1.35. Moreover, at the end of the last trading period, the closing price was at $2.85.

For Cerevel Therapeutics Holdings Inc (NASDAQ:CERE), TD Cowen initiated coverage, by setting the current rating at Outperform. Cerevel Therapeutics Hldg earned $0.59 in the fourth quarter, compared to $0.40 in the year-ago quarter. The current stock performance of Cerevel Therapeutics Hldg shows a 52-week-high of $41.43 and a 52-week-low of $19.88. Moreover, at the end of the last trading period, the closing price was at $24.47.

Lake Street initiated coverage on Xponential Fitness Inc (NYSE:XPOF) with a Buy rating. The price target for Xponential Fitness is set to $38.00. In the fourth quarter, Xponential Fitness showed an EPS of $0.11, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $31.85 and a 52-week-low of $11.21. At the end of the last trading period, Xponential Fitness closed at $30.13.

Wedbush initiated coverage on Rallybio Corp (NASDAQ:RLYB) with an Outperform rating. The price target for Rallybio is set to $17.00. For the fourth quarter, Rallybio had an EPS of $0.46, compared to year-ago quarter EPS of $0.42. The current stock performance of Rallybio shows a 52-week-high of $15.87 and a 52-week-low of $4.15. Moreover, at the end of the last trading period, the closing price was at $4.91.

MoffettNathanson initiated coverage on Clearwater Analytics Holdings Inc (NYSE:CWAN) with an Outperform rating. The price target for Clearwater Analytics Hldg is set to $19.50. Clearwater Analytics Hldg earned $0.07 in the fourth quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $20.78 and a 52-week-low of $11.34. At the end of the last trading period, Clearwater Analytics Hldg closed at $15.70.

With a Buy rating, Deutsche Bank initiated coverage on Excelerate Energy Inc (NYSE:EE). The price target seems to have been set at $31.00 for Excelerate Energy. The stock has a 52-week-high of $31.04 and a 52-week-low of $18.36. At the end of the last trading period, Excelerate Energy closed at $22.87.

With a Buy rating, Deutsche Bank initiated coverage on New Fortress Energy Inc (NASDAQ:NFE). The price target seems to have been set at $60.00 for New Fortress Energy. In the fourth quarter, New Fortress Energy showed an EPS of $0.87, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $63.06 and a 52-week-low of $26.14. New Fortress Energy closed at $28.06 at the end of the last trading period.

Truist Securities initiated coverage on Warner Bros. Discovery Inc (NASDAQ:WBD) with a Buy rating. The price target for Warner Bros. Discovery is set to $19.00. For the fourth quarter, Warner Bros. Discovery had an EPS of $0.37, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $27.50 and a 52-week-low of $8.82. Warner Bros. Discovery closed at $15.11 at the end of the last trading period.

BTIG initiated coverage on Fiverr International Ltd (NYSE:FVRR) with a Buy rating. The price target for Fiverr Intl is set to $50.00. For the fourth quarter, Fiverr Intl had an EPS of $0.26, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $73.17 and a 52-week-low of $26.21. At the end of the last trading period, Fiverr Intl closed at $34.53.

For GE HealthCare Technologies Inc (NASDAQ:GEHC), BTIG initiated coverage, by setting the current rating at Neutral. In the fourth quarter, GE HealthCare Techs showed an EPS of $1.31, compared to $1.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $82.62 and a 52-week-low of $53.00. GE HealthCare Techs closed at $80.16 at the end of the last trading period.

JMP Securities initiated coverage on Xometry Inc (NASDAQ:XMTR) with a Market Outperform rating. The price target for Xometry is set to $20.00. In the fourth quarter, Xometry showed an EPS of $0.29, compared to $0.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $64.17 and a 52-week-low of $13.04. Xometry closed at $13.60 at the end of the last trading period.

JMP Securities initiated coverage on Ribbon Communications Inc (NASDAQ:RBBN) with a Market Outperform rating. The price target for Ribbon Comms is set to $6.00. In the fourth quarter, Ribbon Comms showed an EPS of $0.09, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $4.84 and a 52-week-low of $2.19. At the end of the last trading period, Ribbon Comms closed at $3.37.

See all analyst ratings initiations.

Posted In: AMH AVB BBWI BCE CERE CF CTLT CWAN CWK EBS EE ESS FVRR GEHC HBAN INCY KMPR LUXH MCD MTB