Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For October 17, 2022

Upgrades

For Citi Trends Inc (NASDAQ:CTRN), Gordon Haskett upgraded the previous rating of Reduce to Hold. For the second quarter, Citi Trends had an EPS of $0.31, compared to year-ago quarter EPS of $1.36. The stock has a 52-week-high of $97.14 and a 52-week-low of $15.48. At the end of the last trading period, Citi Trends closed at $19.44.

For First Republic Bank (NYSE:FRC), Raymond James upgraded the previous rating of Market Perform to Strong Buy. In the third quarter, First Republic Bank showed an EPS of $2.21, compared to $1.91 from the year-ago quarter. The stock has a 52-week-high of $209.30 and a 52-week-low of $110.79. At the end of the last trading period, First Republic Bank closed at $112.59.

Scotiabank upgraded the previous rating for Prologis Inc (NYSE:PLD) from Sector Perform to Sector Outperform. Prologis earned $1.11 in the second quarter, compared to $1.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $174.54 and a 52-week-low of $98.03. Prologis closed at $99.53 at the end of the last trading period.

For Clorox Co (NYSE:CLX), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. Clorox earned $0.93 in the fourth quarter, compared to $0.95 in the year-ago quarter. The stock has a 52-week-high of $186.86 and a 52-week-low of $120.50. At the end of the last trading period, Clorox closed at $131.29.

According to Morgan Stanley, the prior rating for Church & Dwight Co Inc (NYSE:CHD) was changed from Underweight to Equal-Weight. Church & Dwight Co earned $0.76 in the second quarter, compared to $0.76 in the year-ago quarter. The current stock performance of Church & Dwight Co shows a 52-week-high of $105.28 and a 52-week-low of $70.16. Moreover, at the end of the last trading period, the closing price was at $72.50.

According to Wells Fargo, the prior rating for Cloudflare Inc (NYSE:NET) was changed from Equal-Weight to Overweight. For the second quarter, Cloudflare had an EPS of $0.00, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $132.45 and a 52-week-low of $38.96. At the end of the last trading period, Cloudflare closed at $45.70.

See all analyst ratings upgrades.

Downgrades

According to Morgan Stanley, the prior rating for Lloyds Banking Group PLC (NYSE:LYG) was changed from Overweight to Equal-Weight. Lloyds Banking Group earned $0.11 in the second quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $3.00 and a 52-week-low of $1.70. At the end of the last trading period, Lloyds Banking Group closed at $1.88.

For NMI Holdings Inc (NASDAQ:NMIH), Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. For the second quarter, NMI Holdings had an EPS of $0.86, compared to year-ago quarter EPS of $0.67. At the moment, the stock has a 52-week-high of $27.25 and a 52-week-low of $15.33. NMI Holdings closed at $20.58 at the end of the last trading period.

According to Credit Suisse, the prior rating for Petroleo Brasileiro SA Petrobras (NYSE:PBR) was changed from Outperform to Neutral. For the second quarter, Petrobras Brasileiro had an EPS of $1.68, compared to year-ago quarter EPS of $1.24. The current stock performance of Petrobras Brasileiro shows a 52-week-high of $16.30 and a 52-week-low of $10.71. Moreover, at the end of the last trading period, the closing price was at $13.95.

For Hudbay Minerals Inc (NYSE:HBM), Barclays downgraded the previous rating of Overweight to Equal-Weight. Hudbay Minerals earned $0.12 in the second quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.75 and a 52-week-low of $3.08. Hudbay Minerals closed at $3.84 at the end of the last trading period.

According to Chardan Capital, the prior rating for NeuBase Therapeutics Inc (NASDAQ:NBSE) was changed from Buy to Neutral. NeuBase Therapeutics earned $0.26 in the third quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $3.18 and a 52-week-low of $0.27. NeuBase Therapeutics closed at $0.27 at the end of the last trading period.

For Regeneron Pharmaceuticals Inc (NASDAQ:REGN), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. Regeneron Pharmaceuticals earned $9.77 in the second quarter, compared to $25.80 in the year-ago quarter. The current stock performance of Regeneron Pharmaceuticals shows a 52-week-high of $761.04 and a 52-week-low of $538.01. Moreover, at the end of the last trading period, the closing price was at $736.06.

According to Piper Sandler, the prior rating for Hims & Hers Health Inc (NYSE:HIMS) was changed from Overweight to Neutral. Hims & Hers Health earned $0.10 in the second quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Hims & Hers Health shows a 52-week-high of $7.28 and a 52-week-low of $2.72. Moreover, at the end of the last trading period, the closing price was at $4.77.

Northcoast Research downgraded the previous rating for The Kroger Co (NYSE:KR) from Buy to Neutral. Kroger earned $0.90 in the second quarter, compared to $0.80 in the year-ago quarter. The stock has a 52-week-high of $62.78 and a 52-week-low of $42.36. At the end of the last trading period, Kroger closed at $43.16.

For Albertsons Companies Inc (NYSE:ACI), Guggenheim downgraded the previous rating of Buy to Neutral. Albertsons Companies earned $1.00 in the first quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $37.99 and a 52-week-low of $24.34. At the end of the last trading period, Albertsons Companies closed at $26.21.

According to Scotiabank, the prior rating for Terreno Realty Corp (NYSE:TRNO) was changed from Sector Outperform to Sector Perform. Terreno Realty earned $0.48 in the second quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $85.92 and a 52-week-low of $50.36. At the end of the last trading period, Terreno Realty closed at $52.26.

According to Deutsche Bank, the prior rating for XPO Logistics Inc (NYSE:XPO) was changed from Buy to Hold. XPO Logistics earned $1.81 in the second quarter, compared to $1.86 in the year-ago quarter. The current stock performance of XPO Logistics shows a 52-week-high of $79.63 and a 52-week-low of $41.67. Moreover, at the end of the last trading period, the closing price was at $46.82.

For Solid Biosciences Inc (NASDAQ:SLDB), SVB Leerink downgraded the previous rating of Outperform to Market Perform. For the second quarter, Solid Biosciences had an EPS of $0.22, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $1.83 and a 52-week-low of $0.42. At the end of the last trading period, Solid Biosciences closed at $0.46.

For Opendoor Technologies Inc (NASDAQ:OPEN), Goldman Sachs downgraded the previous rating of Neutral to Sell. Opendoor Technologies earned $0.20 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $15.24 and a 52-week-low of $2.44. At the end of the last trading period, Opendoor Technologies closed at $2.44.

Credit Suisse downgraded the previous rating for Fox Corp (NASDAQ:FOXA) from Outperform to Neutral. Fox earned $0.74 in the fourth quarter, compared to $0.65 in the year-ago quarter. The current stock performance of Fox shows a 52-week-high of $44.95 and a 52-week-low of $30.03. Moreover, at the end of the last trading period, the closing price was at $31.55.

For Westlake Corp (NYSE:WLK), Deutsche Bank downgraded the previous rating of Buy to Hold. Westlake earned $6.60 in the second quarter, compared to $4.04 in the year-ago quarter. The stock has a 52-week-high of $141.19 and a 52-week-low of $81.28. At the end of the last trading period, Westlake closed at $92.52.

According to Morgan Stanley, the prior rating for Edgewell Personal Care Co (NYSE:EPC) was changed from Equal-Weight to Underweight. For the third quarter, Edgewell Personal Care had an EPS of $0.86, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $51.86 and a 52-week-low of $32.00. Edgewell Personal Care closed at $38.68 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Market Perform rating, Northland Capital Markets initiated coverage on Salesforce Inc (NYSE:CRM). The price target seems to have been set at $150.00 for Salesforce. Salesforce earned $1.19 in the second quarter, compared to $1.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $256.87 and a 52-week-low of $137.59. Salesforce closed at $142.22 at the end of the last trading period.

With a Buy rating, Roth Capital initiated coverage on Wag Group Co (NASDAQ:PET). The price target seems to have been set at $5.00 for Wag Group. For the second quarter, Wag Group had an EPS of $0.17, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $10.00 and a 52-week-low of $1.96. Wag Group closed at $2.92 at the end of the last trading period.

Roth Capital initiated coverage on Perpetua Resources Corp (NASDAQ:PPTA) with a Buy rating. The price target for Perpetua Resources is set to $4.00. Perpetua Resources earned $0.09 in the second quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $4.90 and a 52-week-low of $1.75. At the end of the last trading period, Perpetua Resources closed at $1.75.

With a Buy rating, UBS initiated coverage on CubeSmart (NYSE:CUBE). The price target seems to have been set at $45.00 for CubeSmart. In the second quarter, CubeSmart showed an EPS of $0.62, compared to $0.50 from the year-ago quarter. The stock has a 52-week-high of $57.23 and a 52-week-low of $36.82. At the end of the last trading period, CubeSmart closed at $37.24.

With a Neutral rating, UBS initiated coverage on Life Storage Inc (NYSE:LSI). The price target seems to have been set at $106.00 for Life Storage. In the second quarter, Life Storage showed an EPS of $1.65, compared to $1.22 from the year-ago quarter. The current stock performance of Life Storage shows a 52-week-high of $153.77 and a 52-week-low of $99.78. Moreover, at the end of the last trading period, the closing price was at $100.55.

UBS initiated coverage on National Storage Affiliates Trust (NYSE:NSA) with a Neutral rating. The price target for National Storage is set to $43.00. National Storage earned $0.71 in the second quarter, compared to $0.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $69.75 and a 52-week-low of $38.51. National Storage closed at $39.20 at the end of the last trading period.

For Aehr Test Systems (NASDAQ:AEHR), William Blair initiated coverage, by setting the current rating at Outperform. For the first quarter, Aehr Test Systems had an EPS of $0.05, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $24.70 and a 52-week-low of $6.71. Aehr Test Systems closed at $14.77 at the end of the last trading period.

Susquehanna initiated coverage on SunPower Corp (NASDAQ:SPWR) with a Positive rating. The price target for SunPower is set to $25.00. In the second quarter, SunPower showed an EPS of $0.03, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.42 and a 52-week-low of $12.78. SunPower closed at $16.73 at the end of the last trading period.

B of A Securities initiated coverage on Digital Turbine Inc (NASDAQ:APPS) with a Buy rating. The price target for Digital Turbine is set to $24.00. Digital Turbine earned $0.38 in the first quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $63.24 and a 52-week-low of $12.19. Digital Turbine closed at $13.04 at the end of the last trading period.

With a Positive rating, Susquehanna initiated coverage on Sunnova Energy International Inc (NYSE:NOVA). The price target seems to have been set at $38.00 for Sunnova Energy Intl. For the second quarter, Sunnova Energy Intl had an EPS of $0.32, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $31.47 and a 52-week-low of $12.47. At the end of the last trading period, Sunnova Energy Intl closed at $16.78.

SVB Leerink initiated coverage on CTI BioPharma Corp (NASDAQ:CTIC) with an Outperform rating. The price target for CTI BioPharma is set to $13.00. CTI BioPharma earned $0.21 in the second quarter, compared to $0.21 in the year-ago quarter. The current stock performance of CTI BioPharma shows a 52-week-high of $7.80 and a 52-week-low of $1.82. Moreover, at the end of the last trading period, the closing price was at $4.68.

HC Wainwright & Co. initiated coverage on Lyell Immunopharma Inc (NASDAQ:LYEL) with a Buy rating. The price target for Lyell Immunopharma is set to $12.00. For the second quarter, Lyell Immunopharma had an EPS of $0.04, compared to year-ago quarter EPS of $0.89. The stock has a 52-week-high of $8.74 and a 52-week-low of $3.57. At the end of the last trading period, Lyell Immunopharma closed at $6.54.

Deutsche Bank initiated coverage on Avient Corp (NYSE:AVNT) with a Buy rating. The price target for Avient is set to $40.00. In the second quarter, Avient showed an EPS of $0.98, compared to $0.87 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.60 and a 52-week-low of $29.02. Avient closed at $31.43 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Purple Biotech Ltd (NASDAQ:PPBT) with a Buy rating. The price target for Purple Biotech is set to $7.00. In the second quarter, Purple Biotech showed an EPS of $0.20, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.36 and a 52-week-low of $1.83. Purple Biotech closed at $1.98 at the end of the last trading period.

BTIG initiated coverage on Proterra Inc (NASDAQ:PTRA) with a Buy rating. The price target for Proterra is set to $7.00. Proterra earned $0.38 in the second quarter, compared to $4.24 in the year-ago quarter. The current stock performance of Proterra shows a 52-week-high of $10.90 and a 52-week-low of $4.26. Moreover, at the end of the last trading period, the closing price was at $4.54.

With a Buy rating, Roth Capital initiated coverage on Loop Media Inc (AMEX:LPTV). The price target seems to have been set at $6.50 for Loop Media. The current stock performance of Loop Media shows a 52-week-high of $12.30 and a 52-week-low of $3.89. Moreover, at the end of the last trading period, the closing price was at $4.45.

With a Hold rating, Jefferies initiated coverage on TPG Inc (NASDAQ:TPG). The price target seems to have been set at $30.00 for TPG. The stock has a 52-week-high of $35.40 and a 52-week-low of $23.09. At the end of the last trading period, TPG closed at $27.60.

For Surrozen Inc (NASDAQ:SRZN), JP Morgan initiated coverage, by setting the current rating at Neutral. In the second quarter, Surrozen showed an EPS of $0.40, compared to $0.69 from the year-ago quarter.

With a Neutral rating, JP Morgan initiated coverage on IGM Biosciences Inc (NASDAQ:IGMS). The price target seems to have been set at $27.00 for IGM Biosciences. IGM Biosciences earned $1.33 in the second quarter, compared to $1.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $35.98 and a 52-week-low of $12.67. IGM Biosciences closed at $20.68 at the end of the last trading period.

With a Neutral rating, JP Morgan initiated coverage on Livent Corp (NYSE:LTHM). The price target seems to have been set at $28.00 for Livent. For the second quarter, Livent had an EPS of $0.37, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $36.38 and a 52-week-low of $19.35. Livent closed at $26.88 at the end of the last trading period.

With an Overweight rating, Keybanc initiated coverage on PPG Industries Inc (NYSE:PPG). The price target seems to have been set at $127.00 for PPG Indus. PPG Indus earned $1.81 in the second quarter, compared to $1.94 in the year-ago quarter. The stock has a 52-week-high of $177.32 and a 52-week-low of $107.06. At the end of the last trading period, PPG Indus closed at $110.33.

See all analyst ratings initiations.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.