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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For October 7, 2022

Upgrades

For Federal Signal Corp (NYSE:FSS), DA Davidson upgraded the previous rating of Neutral to Buy. In the second quarter, Federal Signal showed an EPS of $0.53, compared to $0.50 from the year-ago quarter. The current stock performance of Federal Signal shows a 52-week-high of $44.31 and a 52-week-low of $31.86. Moreover, at the end of the last trading period, the closing price was at $39.88.

Argus Research upgraded the previous rating for Biogen Inc (NASDAQ:BIIB) from Hold to Buy. For the second quarter, Biogen had an EPS of $5.25, compared to year-ago quarter EPS of $5.68. At the moment, the stock has a 52-week-high of $283.44 and a 52-week-low of $187.16. Biogen closed at $262.26 at the end of the last trading period.

For Progressive Corp (NYSE:PGR), Jefferies upgraded the previous rating of Hold to Buy. For the second quarter, Progressive had an EPS of $1.08, compared to year-ago quarter EPS of $0.72. The stock has a 52-week-high of $129.76 and a 52-week-low of $100.81. At the end of the last trading period, Progressive closed at $121.92.

According to National Bank Of Canada, the prior rating for Algonquin Power & Utilities Corp (NYSE:AQN) was changed from Sector Perform to Outperform. In the second quarter, Algonquin Power showed an EPS of $0.16, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.01 and a 52-week-low of $10.81. Algonquin Power closed at $10.83 at the end of the last trading period.

For Core Laboratories NV (NYSE:CLB), Citigroup upgraded the previous rating of Sell to Neutral. For the second quarter, Core Laboratories had an EPS of $0.12, compared to year-ago quarter EPS of $0.17. The current stock performance of Core Laboratories shows a 52-week-high of $35.83 and a 52-week-low of $13.19. Moreover, at the end of the last trading period, the closing price was at $16.45.

See all analyst ratings upgrades.

Downgrades

For Zions Bancorp NA (NASDAQ:ZION), Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. In the second quarter, Zions Bancorp showed an EPS of $1.29, compared to $2.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $75.44 and a 52-week-low of $47.92. Zions Bancorp closed at $52.41 at the end of the last trading period.

Keefe, Bruyette & Woods downgraded the previous rating for Southern States Bancshares Inc (NASDAQ:SSBK) from Outperform to Market Perform. In the second quarter, Southern States showed an EPS of $0.59, compared to $0.50 from the year-ago quarter.

For BTRS Holdings Inc (NASDAQ:BTRS), William Blair downgraded the previous rating of Outperform to Market Perform. BTRS Holdings earned $0.04 in the second quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $9.35 and a 52-week-low of $3.95. At the end of the last trading period, BTRS Holdings closed at $9.31.

Cantor Fitzgerald downgraded the previous rating for Shift Technologies Inc (NASDAQ:SFT) from Overweight to Neutral. For the second quarter, Shift Technologies had an EPS of $0.64, compared to year-ago quarter EPS of $0.41. At the moment, the stock has a 52-week-high of $3.85 and a 52-week-low of $0.60. Shift Technologies closed at $0.69 at the end of the last trading period.

For C.H. Robinson Worldwide Inc (NASDAQ:CHRW), Citigroup downgraded the previous rating of Buy to Neutral. C.H. Robinson Worldwide earned $2.67 in the second quarter, compared to $1.44 in the year-ago quarter. The stock has a 52-week-high of $121.23 and a 52-week-low of $86.57. At the end of the last trading period, C.H. Robinson Worldwide closed at $97.49.

Baird downgraded the previous rating for Norfolk Southern Corp (NYSE:NSC) from Outperform to Neutral. Norfolk Southern earned $3.45 in the second quarter, compared to $3.28 in the year-ago quarter. The stock has a 52-week-high of $298.99 and a 52-week-low of $209.59. At the end of the last trading period, Norfolk Southern closed at $218.93.

JP Morgan downgraded the previous rating for Principal Financial Group Inc (NASDAQ:PFG) from Neutral to Underweight. For the second quarter, Principal Finl Gr had an EPS of $1.65, compared to year-ago quarter EPS of $1.70. The current stock performance of Principal Finl Gr shows a 52-week-high of $80.36 and a 52-week-low of $61.05. Moreover, at the end of the last trading period, the closing price was at $78.32.

For Lyft Inc (NASDAQ:LYFT), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the second quarter, Lyft showed an EPS of $0.13, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $46.64 and a 52-week-low of $11.96. Lyft closed at $13.70 at the end of the last trading period.

Piper Sandler downgraded the previous rating for Douglas Emmett Inc (NYSE:DEI) from Overweight to Neutral. For the second quarter, Douglas Emmett had an EPS of $0.51, compared to year-ago quarter EPS of $0.47. The stock has a 52-week-high of $36.97 and a 52-week-low of $16.79. At the end of the last trading period, Douglas Emmett closed at $17.23.

See all analyst ratings downgrades.

Initiations

With an Outperform rating, SMBC Nikko initiated coverage on Zscaler Inc (NASDAQ:ZS). The price target seems to have been set at $220.00 for Zscaler. In the fourth quarter, Zscaler showed an EPS of $0.25, compared to $0.14 from the year-ago quarter. The current stock performance of Zscaler shows a 52-week-high of $323.55 and a 52-week-low of $125.12. Moreover, at the end of the last trading period, the closing price was at $182.92.

With an Outperform rating, SMBC Nikko initiated coverage on CrowdStrike Holdings Inc (NASDAQ:CRWD). The price target seems to have been set at $240.00 for CrowdStrike Holdings. For the second quarter, CrowdStrike Holdings had an EPS of $0.36, compared to year-ago quarter EPS of $0.11. The current stock performance of CrowdStrike Holdings shows a 52-week-high of $242.00 and a 52-week-low of $130.00. Moreover, at the end of the last trading period, the closing price was at $178.39.

With an Outperform rating, SMBC Nikko initiated coverage on Fortinet Inc (NASDAQ:FTNT). The price target seems to have been set at $70.00 for Fortinet. Fortinet earned $0.24 in the second quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $362.12 and a 52-week-low of $47.37. At the end of the last trading period, Fortinet closed at $53.74.

SMBC Nikko initiated coverage on Palo Alto Networks Inc (NASDAQ:PANW) with an Outperform rating. The price target for Palo Alto Networks is set to $230.00. Palo Alto Networks earned $0.80 in the fourth quarter, compared to $0.53 in the year-ago quarter. The stock has a 52-week-high of $213.63 and a 52-week-low of $140.52. At the end of the last trading period, Palo Alto Networks closed at $174.75.

With a Neutral rating, JP Morgan initiated coverage on Kinetik Holdings Inc (NASDAQ:KNTK). The price target seems to have been set at $42.00 for Kinetik Holdings. For the second quarter, Kinetik Holdings had an EPS of $0.06, compared to year-ago quarter EPS of $0.72. The current stock performance of Kinetik Holdings shows a 52-week-high of $87.70 and a 52-week-low of $31.30. Moreover, at the end of the last trading period, the closing price was at $36.60.

With a Buy rating, Ladenburg Thalmann initiated coverage on Corvus Pharmaceuticals Inc (NASDAQ:CRVS). The price target seems to have been set at $2.00 for Corvus Pharmaceuticals. For the second quarter, Corvus Pharmaceuticals had an EPS of $0.18, compared to year-ago quarter EPS of $0.28. The current stock performance of Corvus Pharmaceuticals shows a 52-week-high of $2.51 and a 52-week-low of $0.69. Moreover, at the end of the last trading period, the closing price was at $0.88.

With an Outperform rating, Wolfe Research initiated coverage on Nuvei Corp (NASDAQ:NVEI). The price target seems to have been set at $42.00 for Nuvei. For the second quarter, Nuvei had an EPS of $0.51, compared to year-ago quarter EPS of $0.26. At the moment, the stock has a 52-week-high of $79.13 and a 52-week-low of $26.53. Nuvei closed at $30.00 at the end of the last trading period.

With an Underweight rating, Morgan Stanley initiated coverage on SLM Corp (NASDAQ:SLM). The price target seems to have been set at $15.00 for SLM. For the second quarter, SLM had an EPS of $1.29, compared to year-ago quarter EPS of $0.45. The stock has a 52-week-high of $20.88 and a 52-week-low of $13.72. At the end of the last trading period, SLM closed at $15.88.

Morgan Stanley initiated coverage on Navient Corp (NASDAQ:NAVI) with an Underweight rating. The price target for Navient is set to $14.50. For the second quarter, Navient had an EPS of $0.92, compared to year-ago quarter EPS of $0.98. The current stock performance of Navient shows a 52-week-high of $22.59 and a 52-week-low of $12.45. Moreover, at the end of the last trading period, the closing price was at $15.62.

With a Neutral rating, Goldman Sachs initiated coverage on Kinetik Holdings Inc (NASDAQ:KNTK). The price target seems to have been set at $37.00 for Kinetik Holdings. Kinetik Holdings earned $0.06 in the second quarter, compared to $0.72 in the year-ago quarter. The current stock performance of Kinetik Holdings shows a 52-week-high of $87.70 and a 52-week-low of $31.30. Moreover, at the end of the last trading period, the closing price was at $36.60.

Truist Securities initiated coverage on Service Corp International (NYSE:SCI) with a Buy rating. The price target for Service Corp Intl is set to $72.00. Service Corp Intl earned $0.84 in the second quarter, compared to $0.92 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.11 and a 52-week-low of $56.85. Service Corp Intl closed at $61.01 at the end of the last trading period.

With an Outperform rating, BMO Capital initiated coverage on Skeena Resources Ltd (NYSE:SKE). The price target seems to have been set at $15.00 for Skeena Resources. The stock has a 52-week-high of $13.39 and a 52-week-low of $4.10. At the end of the last trading period, Skeena Resources closed at $4.73.

Needham initiated coverage on Unity Software Inc (NYSE:U) with a Buy rating. The price target for Unity Software is set to $50.00. Unity Software earned $0.18 in the second quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $144.69 and a 52-week-low of $29.09. Unity Software closed at $35.85 at the end of the last trading period.

Needham initiated coverage on AppLovin Corp (NASDAQ:APP) with a Hold rating. For the second quarter, AppLovin had an EPS of $0.06, compared to year-ago quarter EPS of $0.04. The current stock performance of AppLovin shows a 52-week-high of $98.14 and a 52-week-low of $19.11. Moreover, at the end of the last trading period, the closing price was at $20.54.

With a Buy rating, HSBC initiated coverage on Coupang Inc (NYSE:CPNG). The price target seems to have been set at $27.80 for Coupang. For the second quarter, Coupang had an EPS of $0.04, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $29.65 and a 52-week-low of $8.98. Coupang closed at $21.03 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on Aptorum Group Ltd (NASDAQ:APM). The price target seems to have been set at $8.00 for Aptorum Gr. NoneThe stock has a 52-week-high of $2.35 and a 52-week-low of $0.86. At the end of the last trading period, Aptorum Gr closed at $0.89.

Loop Capital initiated coverage on nVent Electric PLC (NYSE:NVT) with a Hold rating. The price target for nVent Electric is set to $34.00. For the second quarter, nVent Electric had an EPS of $0.57, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of $39.53 and a 52-week-low of $29.19. nVent Electric closed at $33.35 at the end of the last trading period.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Senti Biosciences Inc (NASDAQ:SNTI). The price target seems to have been set at $7.50 for Senti Biosciences. For the second quarter, Senti Biosciences had an EPS of $0.86, compared to year-ago quarter EPS of $4.13. The current stock performance of Senti Biosciences shows a 52-week-high of $8.77 and a 52-week-low of $1.20. Moreover, at the end of the last trading period, the closing price was at $6.52.

With a Buy rating, JonesTrading initiated coverage on Plus Therapeutics Inc (NASDAQ:PSTV). The price target seems to have been set at $5.00 for Plus Therapeutics. For the second quarter, Plus Therapeutics had an EPS of $0.24, compared to year-ago quarter EPS of $0.25. The stock has a 52-week-high of $2.16 and a 52-week-low of $0.39. At the end of the last trading period, Plus Therapeutics closed at $0.55.

JonesTrading initiated coverage on Lantheus Holdings Inc (NASDAQ:LNTH) with a Buy rating. The price target for Lantheus Holdings is set to $104.00. For the second quarter, Lantheus Holdings had an EPS of $0.89, compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $87.47 and a 52-week-low of $23.51. At the end of the last trading period, Lantheus Holdings closed at $74.70.

With an Outperform rating, Oppenheimer initiated coverage on Chewy Inc (NYSE:CHWY). The price target seems to have been set at $42.00 for Chewy. Chewy earned $0.05 in the second quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Chewy shows a 52-week-high of $60.51 and a 52-week-low of $22.22. Moreover, at the end of the last trading period, the closing price was at $37.94.

With a Neutral rating, UBS initiated coverage on Alcoa Corp (NYSE:AA). The price target seems to have been set at $43.00 for Alcoa. For the second quarter, Alcoa had an EPS of $2.67, compared to year-ago quarter EPS of $1.49. At the moment, the stock has a 52-week-high of $98.09 and a 52-week-low of $33.55. Alcoa closed at $39.85 at the end of the last trading period.

With an Overweight rating, Keybanc initiated coverage on Target Corp (NYSE:TGT). The price target seems to have been set at $200.00 for Target. Target earned $0.39 in the second quarter, compared to $3.64 in the year-ago quarter. The stock has a 52-week-high of $254.87 and a 52-week-low of $137.16. At the end of the last trading period, Target closed at $155.75.

With an Overweight rating, Keybanc initiated coverage on Walmart Inc (NYSE:WMT). The price target seems to have been set at $155.00 for Walmart. For the second quarter, Walmart had an EPS of $1.77, compared to year-ago quarter EPS of $1.78. The stock has a 52-week-high of $160.77 and a 52-week-low of $117.27. At the end of the last trading period, Walmart closed at $131.68.

See all analyst ratings initiations.

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