Benzinga's Top Ratings Upgrades, Downgrades For September 29, 2023

Author: Benzinga Insights | September 29, 2023 11:00am

Upgrades

For Nike Inc (NYSE:NKE), Williams Trading upgraded the previous rating of Sell to Hold. Nike earned $0.94 in the first quarter, compared to $0.93 in the year-ago quarter. The stock has a 52-week-high of $131.31 and a 52-week-low of $82.24. At the end of the last trading period, Nike closed at $89.63.

Mizuho upgraded the previous rating for Spire Inc (NYSE:SR) from Neutral to Buy. In the third quarter, Spire showed an EPS of $0.42, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $75.83 and a 52-week-low of $55.34. At the end of the last trading period, Spire closed at $55.90.

According to Northcoast Research, the prior rating for Texas Roadhouse Inc (NASDAQ:TXRH) was changed from Neutral to Buy. For the second quarter, Texas Roadhouse had an EPS of $1.22, compared to year-ago quarter EPS of $1.07. The stock has a 52-week-high of $118.16 and a 52-week-low of $85.33. At the end of the last trading period, Texas Roadhouse closed at $95.57.

For Restaurant Brands International Inc (NYSE:QSR), Loop Capital upgraded the previous rating of Hold to Buy. Restaurant Brands Intl earned $0.85 in the second quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $78.30 and a 52-week-low of $51.28. Restaurant Brands Intl closed at $66.73 at the end of the last trading period.

According to Loop Capital, the prior rating for Bumble Inc (NASDAQ:BMBL) was changed from Hold to Buy. For the second quarter, Bumble had an EPS of $0.05, compared to year-ago quarter EPS of $0.03. The current stock performance of Bumble shows a 52-week-high of $27.92 and a 52-week-low of $14.14. Moreover, at the end of the last trading period, the closing price was at $14.48.

For Ball Corp (NYSE:BALL), Jefferies upgraded the previous rating of Hold to Buy. For the second quarter, Ball had an EPS of $0.61, compared to year-ago quarter EPS of $0.82. The current stock performance of Ball shows a 52-week-high of $62.14 and a 52-week-low of $46.00. Moreover, at the end of the last trading period, the closing price was at $48.17.

According to Stifel, the prior rating for Brinker International Inc (NYSE:EAT) was changed from Hold to Buy. Brinker International earned $1.39 in the fourth quarter, compared to $1.15 in the year-ago quarter. The current stock performance of Brinker International shows a 52-week-high of $42.12 and a 52-week-low of $23.95. Moreover, at the end of the last trading period, the closing price was at $31.05.

Raymond James upgraded the previous rating for Trimble Inc (NASDAQ:TRMB) from Market Perform to Outperform. Trimble earned $0.64 in the second quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Trimble shows a 52-week-high of $62.40 and a 52-week-low of $45.43. Moreover, at the end of the last trading period, the closing price was at $52.41.

BMO Capital upgraded the previous rating for Baytex Energy Corp (NYSE:BTE) from Market Perform to Outperform. In the second quarter, Baytex Energy showed an EPS of $0.27, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $4.43 and a 52-week-low of $2.89. At the end of the last trading period, Baytex Energy closed at $4.31.

According to Stifel, the prior rating for Editas Medicine Inc (NASDAQ:EDIT) was changed from Hold to Buy. For the second quarter, Editas Medicine had an EPS of $0.56, compared to year-ago quarter EPS of $0.78. The current stock performance of Editas Medicine shows a 52-week-high of $14.22 and a 52-week-low of $6.33. Moreover, at the end of the last trading period, the closing price was at $6.92.

See all analyst ratings upgrades.

Downgrades

According to Odeon Capital, the prior rating for M&T Bank Corp (NYSE:MTB) was changed from Buy to Hold. In the second quarter, M&T Bank showed an EPS of $5.12, compared to $3.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $192.30 and a 52-week-low of $109.36. M&T Bank closed at $126.46 at the end of the last trading period.

According to Mizuho, the prior rating for USA Compression Partners LP (NYSE:USAC) was changed from Neutral to Underperform. USA Compression Partners earned $0.11 in the second quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $26.40 and a 52-week-low of $16.39. At the end of the last trading period, USA Compression Partners closed at $25.41.

Mizuho downgraded the previous rating for Sunoco LP (NYSE:SUN) from Buy to Neutral. For the second quarter, Sunoco had an EPS of $0.78, compared to year-ago quarter EPS of $1.20. The stock has a 52-week-high of $51.85 and a 52-week-low of $37.40. At the end of the last trading period, Sunoco closed at $51.22.

According to Northcoast Research, the prior rating for Badger Meter Inc (NYSE:BMI) was changed from Neutral to Sell. Badger Meter earned $0.76 in the second quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $170.86 and a 52-week-low of $88.78. Badger Meter closed at $155.49 at the end of the last trading period.

Wolfe Research downgraded the previous rating for ResMed Inc (NYSE:RMD) from Outperform to Peer Perform. In the fourth quarter, ResMed showed an EPS of $1.60, compared to $1.49 from the year-ago quarter. The current stock performance of ResMed shows a 52-week-high of $243.52 and a 52-week-low of $136.20. Moreover, at the end of the last trading period, the closing price was at $150.05.

Edward Jones downgraded the previous rating for Berkshire Hathaway Inc (NYSE:BRK) from Buy to Hold. For the second quarter, Berkshire Hathaway had an EPS of $6928.40, compared to year-ago quarter EPS of $6312.49.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Benchmark initiated coverage on Movado Group Inc (NYSE:MOV). The price target seems to have been set at $41.00 for Movado Group. Movado Group earned $0.38 in the second quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.28 and a 52-week-low of $23.94. Movado Group closed at $25.97 at the end of the last trading period.

Raymond James initiated coverage on Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) with an Outperform rating. The price target for Alnylam Pharmaceuticals is set to $208.00. In the second quarter, Alnylam Pharmaceuticals showed an EPS of $1.62, compared to $2.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $242.74 and a 52-week-low of $168.65. Alnylam Pharmaceuticals closed at $174.03 at the end of the last trading period.

With an Outperform rating, Raymond James initiated coverage on AbbVie Inc (NYSE:ABBV). The price target seems to have been set at $177.00 for AbbVie. AbbVie earned $2.91 in the second quarter, compared to $3.37 in the year-ago quarter. The current stock performance of AbbVie shows a 52-week-high of $168.11 and a 52-week-low of $130.96. Moreover, at the end of the last trading period, the closing price was at $152.25.

For Lantheus Holdings Inc (NASDAQ:LNTH), William Blair initiated coverage, by setting the current rating at Outperform. Lantheus Holdings earned $1.54 in the second quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $100.85 and a 52-week-low of $47.46. At the end of the last trading period, Lantheus Holdings closed at $69.53.

With a Buy rating, Citigroup initiated coverage on Zions Bancorp NA (NASDAQ:ZION). The price target seems to have been set at $42.00 for Zions Bancorp. Zions Bancorp earned $1.11 in the second quarter, compared to $1.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.10 and a 52-week-low of $18.26. Zions Bancorp closed at $33.95 at the end of the last trading period.

Citigroup initiated coverage on Huntington Bancshares Inc (NASDAQ:HBAN) with a Buy rating. The price target for Huntington Bancshares is set to $12.00. In the second quarter, Huntington Bancshares showed an EPS of $0.35, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.74 and a 52-week-low of $9.13. Huntington Bancshares closed at $10.21 at the end of the last trading period.

With a Neutral rating, Citigroup initiated coverage on New York Community Bancorp Inc (NYSE:NYCB). The price target seems to have been set at $12.00 for New York Community. In the second quarter, New York Community showed an EPS of $0.47, compared to $0.35 from the year-ago quarter. The stock has a 52-week-high of $14.22 and a 52-week-low of $5.81. At the end of the last trading period, New York Community closed at $11.28.

HC Wainwright & Co. initiated coverage on Elevation Oncology Inc (NASDAQ:ELEV) with a Buy rating. The price target for Elevation Oncology is set to $1.50. Elevation Oncology earned $0.37 in the second quarter, compared to $0.86 in the year-ago quarter. The stock has a 52-week-high of $5.89 and a 52-week-low of $0.64. At the end of the last trading period, Elevation Oncology closed at $0.68.

With a Neutral rating, Citigroup initiated coverage on First Citizens BancShares Inc (NASDAQ:FCNCA). The price target seems to have been set at $1520.00 for First Citizens BancShares. For the second quarter, First Citizens BancShares had an EPS of $52.60, compared to year-ago quarter EPS of $16.86. The current stock performance of First Citizens BancShares shows a 52-week-high of $1512.07 and a 52-week-low of $505.84. Moreover, at the end of the last trading period, the closing price was at $1370.60.

Wolfe Research initiated coverage on Petco Health and Wellness Co Inc (NASDAQ:WOOF) with a Peer Perform rating. Petco Health and Wellness earned $0.06 in the second quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Petco Health and Wellness shows a 52-week-high of $12.57 and a 52-week-low of $3.72. Moreover, at the end of the last trading period, the closing price was at $3.91.

With a Buy rating, UBS initiated coverage on Invitation Homes Inc (NYSE:INVH). The price target seems to have been set at $38.00 for Invitation Homes. For the second quarter, Invitation Homes had an EPS of $0.44, compared to year-ago quarter EPS of $0.42. The stock has a 52-week-high of $36.53 and a 52-week-low of $28.52. At the end of the last trading period, Invitation Homes closed at $31.76.

With a Neutral rating, UBS initiated coverage on American Homes 4 Rent (NYSE:AMH). The price target seems to have been set at $35.00 for American Homes 4 Rent. For the second quarter, American Homes 4 Rent had an EPS of $0.41, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $37.97 and a 52-week-low of $28.79. At the end of the last trading period, American Homes 4 Rent closed at $33.86.

With a Neutral rating, UBS initiated coverage on Opendoor Technologies Inc (NASDAQ:OPEN). The price target seems to have been set at $2.75 for Opendoor Technologies. 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 $2.61.

With a Buy rating, HSBC initiated coverage on Synopsys Inc (NASDAQ:SNPS). The price target seems to have been set at $551.00 for Synopsys. Synopsys earned $2.88 in the third quarter, compared to $2.10 in the year-ago quarter. The current stock performance of Synopsys shows a 52-week-high of $471.15 and a 52-week-low of $267.00. Moreover, at the end of the last trading period, the closing price was at $460.71.

HSBC initiated coverage on Palo Alto Networks Inc (NASDAQ:PANW) with a Hold rating. The price target for Palo Alto Networks is set to $242.00. In the fourth quarter, Palo Alto Networks showed an EPS of $1.44, compared to $0.80 from the year-ago quarter. The current stock performance of Palo Alto Networks shows a 52-week-high of $258.88 and a 52-week-low of $132.22. Moreover, at the end of the last trading period, the closing price was at $235.18.

With a Hold rating, HSBC initiated coverage on Intuit Inc (NASDAQ:INTU). The price target seems to have been set at $520.00 for Intuit. In the fourth quarter, Intuit showed an EPS of $1.65, compared to $1.10 from the year-ago quarter. The current stock performance of Intuit shows a 52-week-high of $558.64 and a 52-week-low of $352.66. Moreover, at the end of the last trading period, the closing price was at $512.24.

With a Buy rating, HSBC initiated coverage on Fortinet Inc (NASDAQ:FTNT). The price target seems to have been set at $75.00 for Fortinet. Fortinet earned $0.38 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $81.24 and a 52-week-low of $42.69. At the end of the last trading period, Fortinet closed at $58.60.

HSBC initiated coverage on Fair Isaac Corp (NYSE:FICO) with a Reduce rating. The price target for Fair Isaac is set to $729.00. Fair Isaac earned $5.66 in the third quarter, compared to $4.47 in the year-ago quarter. The stock has a 52-week-high of $916.41 and a 52-week-low of $391.84. At the end of the last trading period, Fair Isaac closed at $886.84.

HSBC initiated coverage on Autodesk Inc (NASDAQ:ADSK) with a Hold rating. The price target for Autodesk is set to $214.00. Autodesk earned $1.91 in the second quarter, compared to $1.65 in the year-ago quarter. The current stock performance of Autodesk shows a 52-week-high of $233.53 and a 52-week-low of $179.61. Moreover, at the end of the last trading period, the closing price was at $207.89.

HSBC initiated coverage on Akamai Technologies Inc (NASDAQ:AKAM) with a Hold rating. The price target for Akamai Techs is set to $106.00. In the second quarter, Akamai Techs showed an EPS of $1.49, compared to $1.35 from the year-ago quarter. The stock has a 52-week-high of $109.05 and a 52-week-low of $70.65. At the end of the last trading period, Akamai Techs closed at $107.04.

With a Hold rating, HSBC initiated coverage on Adobe Inc (NASDAQ:ADBE). The price target seems to have been set at $519.00 for Adobe. In the third quarter, Adobe showed an EPS of $4.09, compared to $3.40 from the year-ago quarter. The current stock performance of Adobe shows a 52-week-high of $570.24 and a 52-week-low of $274.88. Moreover, at the end of the last trading period, the closing price was at $504.67.

HSBC initiated coverage on United Parcel Service Inc (NYSE:UPS) with a Hold rating. The price target for United Parcel Service is set to $170.00. United Parcel Service earned $2.54 in the second quarter, compared to $3.29 in the year-ago quarter. The stock has a 52-week-high of $197.80 and a 52-week-low of $150.54. At the end of the last trading period, United Parcel Service closed at $155.50.

With a Buy rating, HSBC initiated coverage on FedEx Corp (NYSE:FDX). The price target seems to have been set at $330.00 for FedEx. FedEx earned $4.55 in the first quarter, compared to $3.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $270.95 and a 52-week-low of $144.91. FedEx closed at $266.44 at the end of the last trading period.

With a Strong Buy rating, Raymond James initiated coverage on Customers Bancorp Inc (NYSE:CUBI). The price target seems to have been set at $60.00 for Customers Bancorp. For the second quarter, Customers Bancorp had an EPS of $1.65, compared to year-ago quarter EPS of $1.77. At the moment, the stock has a 52-week-high of $45.00 and a 52-week-low of $6.87. Customers Bancorp closed at $32.35 at the end of the last trading period.

For Jazz Pharmaceuticals PLC (NASDAQ:JAZZ), Raymond James initiated coverage, by setting the current rating at Market Perform. In the second quarter, Jazz Pharmaceuticals showed an EPS of $4.51, compared to $4.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $160.96 and a 52-week-low of $120.64. Jazz Pharmaceuticals closed at $131.03 at the end of the last trading period.

Raymond James initiated coverage on Ionis Pharmaceuticals Inc (NASDAQ:IONS) with a Strong Buy rating. The price target for Ionis Pharmaceuticals is set to $63.00. Ionis Pharmaceuticals earned $0.41 in the second quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $47.74 and a 52-week-low of $32.69. At the end of the last trading period, Ionis Pharmaceuticals closed at $46.26.

DA Davidson initiated coverage on NICE Ltd (NASDAQ:NICE) with a Neutral rating. The price target for NICE is set to $190.00. For the second quarter, NICE had an EPS of $2.13, compared to year-ago quarter EPS of $1.86. At the moment, the stock has a 52-week-high of $231.54 and a 52-week-low of $164.86. NICE closed at $167.80 at the end of the last trading period.

With an Outperform rating, Oppenheimer initiated coverage on Ingredion Inc (NYSE:INGR). The price target seems to have been set at $120.00 for Ingredion. In the second quarter, Ingredion showed an EPS of $2.32, compared to $2.12 from the year-ago quarter. The current stock performance of Ingredion shows a 52-week-high of $113.46 and a 52-week-low of $79.75. Moreover, at the end of the last trading period, the closing price was at $97.57.

Oppenheimer initiated coverage on Fusion Pharmaceuticals Inc (NASDAQ:FUSN) with an Outperform rating. The price target for Fusion Pharmaceuticals is set to $13.00. In the second quarter, Fusion Pharmaceuticals showed an EPS of $0.38, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $5.63 and a 52-week-low of $1.98. At the end of the last trading period, Fusion Pharmaceuticals closed at $2.64.

See all analyst ratings initiations.

Posted In: ABBV ADBE ADSK AKAM ALNY AMH BALL BMBL BMI BTE CUBI EAT EDIT ELEV FCNCA FDX FICO FTNT FUSN HBAN