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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For September 28, 2022

Upgrades

According to B of A Securities, the prior rating for Prothena Corp PLC (NASDAQ:PRTA) was changed from Neutral to Buy. Prothena Corp earned $0.88 in the second quarter, compared to $0.58 in the year-ago quarter. The current stock performance of Prothena Corp shows a 52-week-high of $49.77 and a 52-week-low of $21.06. Moreover, at the end of the last trading period, the closing price was at $30.93.

According to Wolfe Research, the prior rating for Healthpeak Properties Inc (NYSE:PEAK) was changed from Peer Perform to Outperform. For the second quarter, Healthpeak Properties had an EPS of $0.44, compared to year-ago quarter EPS of $0.40. The current stock performance of Healthpeak Properties shows a 52-week-high of $36.85 and a 52-week-low of $22.66. Moreover, at the end of the last trading period, the closing price was at $22.80.

Piper Sandler upgraded the previous rating for SouthState Corp (NASDAQ:SSB) from Neutral to Overweight. In the second quarter, SouthState showed an EPS of $1.62, compared to $1.87 from the year-ago quarter. The stock has a 52-week-high of $93.34 and a 52-week-low of $72.25. At the end of the last trading period, SouthState closed at $77.63.

CL King upgraded the previous rating for Steven Madden Ltd (NASDAQ:SHOO) from Neutral to Buy. Steven Madden earned $0.63 in the second quarter, compared to $0.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.84 and a 52-week-low of $26.36. Steven Madden closed at $26.69 at the end of the last trading period.

For United Breweries Co Inc (NYSE:CCU), JP Morgan upgraded the previous rating of Underweight to Neutral. For the second quarter, United Breweries Co had an EPS of $0.19, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $17.78 and a 52-week-low of $9.31. United Breweries Co closed at $9.60 at the end of the last trading period.

Evercore ISI Group upgraded the previous rating for Illumina Inc (NASDAQ:ILMN) from In-Line to Outperform. For the second quarter, Illumina had an EPS of $0.57, compared to year-ago quarter EPS of $1.87. The current stock performance of Illumina shows a 52-week-high of $428.00 and a 52-week-low of $173.45. Moreover, at the end of the last trading period, the closing price was at $186.84.

For Netflix Inc (NASDAQ:NFLX), Atlantic Equities upgraded the previous rating of Neutral to Overweight. Netflix earned $3.20 in the second quarter, compared to $2.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of $609.99 and a 52-week-low of $162.71. Netflix closed at $224.36 at the end of the last trading period.

Baird upgraded the previous rating for Biogen Inc (NASDAQ:BIIB) from Neutral to Outperform. For the second quarter, Biogen had an EPS of $5.25, compared to year-ago quarter EPS of $5.68. The current stock performance of Biogen shows a 52-week-high of $249.00 and a 52-week-low of $187.16. Moreover, at the end of the last trading period, the closing price was at $197.79.

BMO Capital upgraded the previous rating for Biogen Inc (NASDAQ:BIIB) from Market Perform to Outperform. Biogen earned $5.25 in the second quarter, compared to $5.68 in the year-ago quarter. The current stock performance of Biogen shows a 52-week-high of $249.00 and a 52-week-low of $187.16. Moreover, at the end of the last trading period, the closing price was at $197.79.

Piper Sandler upgraded the previous rating for Truist Financial Corp (NYSE:TFC) from Neutral to Overweight. Truist Financial earned $1.20 in the second quarter, compared to $1.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.95 and a 52-week-low of $42.56. Truist Financial closed at $43.04 at the end of the last trading period.

For Biogen Inc (NASDAQ:BIIB), Mizuho upgraded the previous rating of Neutral to Buy. For the second quarter, Biogen had an EPS of $5.25, compared to year-ago quarter EPS of $5.68. The stock has a 52-week-high of $249.00 and a 52-week-low of $187.16. At the end of the last trading period, Biogen closed at $197.79.

See all analyst ratings upgrades.

Downgrades

B of A Securities downgraded the previous rating for Equitrans Midstream Corp (NYSE:ETRN) from Neutral to Underperform. In the second quarter, Equitrans Midstream showed an EPS of $0.11, compared to $0.13 from the year-ago quarter. The current stock performance of Equitrans Midstream shows a 52-week-high of $11.22 and a 52-week-low of $5.87. Moreover, at the end of the last trading period, the closing price was at $7.81.

According to DA Davidson, the prior rating for Lakeland Bancorp Inc (NASDAQ:LBAI) was changed from Buy to Neutral. In the second quarter, Lakeland Bancorp showed an EPS of $0.44, compared to $0.53 from the year-ago quarter. The current stock performance of Lakeland Bancorp shows a 52-week-high of $20.69 and a 52-week-low of $13.91. Moreover, at the end of the last trading period, the closing price was at $16.37.

For CSX Corp (NASDAQ:CSX), Susquehanna downgraded the previous rating of Positive to Neutral. In the second quarter, CSX showed an EPS of $0.50, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $38.63 and a 52-week-low of $26.90. CSX closed at $27.22 at the end of the last trading period.

According to Susquehanna, the prior rating for Norfolk Southern Corp (NYSE:NSC) was changed from Positive to Neutral. In the second quarter, Norfolk Southern showed an EPS of $3.45, compared to $3.28 from the year-ago quarter. The stock has a 52-week-high of $298.99 and a 52-week-low of $211.66. At the end of the last trading period, Norfolk Southern closed at $213.84.

According to Oppenheimer, the prior rating for Avient Corp (NYSE:AVNT) was changed from Outperform to Perform. Avient earned $0.98 in the second quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.60 and a 52-week-low of $30.81. Avient closed at $31.04 at the end of the last trading period.

According to Janney Montgomery Scott, the prior rating for Lakeland Bancorp Inc (NASDAQ:LBAI) was changed from Buy to Neutral. In the second quarter, Lakeland Bancorp showed an EPS of $0.44, compared to $0.53 from the year-ago quarter. The stock has a 52-week-high of $20.69 and a 52-week-low of $13.91. At the end of the last trading period, Lakeland Bancorp closed at $16.37.

Wells Fargo downgraded the previous rating for Lockheed Martin Corp (NYSE:LMT) from Equal-Weight to Underweight. Lockheed Martin earned $6.32 in the second quarter, compared to $6.52 in the year-ago quarter. The current stock performance of Lockheed Martin shows a 52-week-high of $479.99 and a 52-week-low of $353.03. Moreover, at the end of the last trading period, the closing price was at $399.74.

According to William Blair, the prior rating for PhaseBio Pharmaceuticals Inc (NASDAQ:PHAS) was changed from Outperform to Market Perform. For the second quarter, PhaseBio Pharmaceuticals had an EPS of $0.34, compared to year-ago quarter EPS of $0.60. The current stock performance of PhaseBio Pharmaceuticals shows a 52-week-high of $2.70 and a 52-week-low of $0.50. Moreover, at the end of the last trading period, the closing price was at $0.76.

Wells Fargo downgraded the previous rating for L3Harris Technologies Inc (NYSE:LHX) from Overweight to Equal-Weight. In the second quarter, L3Harris Technologies showed an EPS of $3.23, compared to $3.26 from the year-ago quarter. The stock has a 52-week-high of $279.71 and a 52-week-low of $206.04. At the end of the last trading period, L3Harris Technologies closed at $212.56.

See all analyst ratings downgrades.

Initiations

Raymond James initiated coverage on Ivanhoe Electric Inc (AMEX:IE) with an Outperform rating. The price target for Ivanhoe Electric is set to $12.00. For the second quarter, Ivanhoe Electric had an EPS of $0.85, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $12.04 and a 52-week-low of $7.01. Ivanhoe Electric closed at $8.11 at the end of the last trading period.

With a Buy rating, Maxim Group initiated coverage on BioRestorative Therapies Inc (NASDAQ:BRTX). The price target seems to have been set at $6.00 for BioRestorative Therapies. For the second quarter, BioRestorative Therapies had an EPS of $1.28, compared to year-ago quarter EPS of $5.10. The current stock performance of BioRestorative Therapies shows a 52-week-high of $5.97 and a 52-week-low of $2.46. Moreover, at the end of the last trading period, the closing price was at $2.46.

For Sabre Corp (NASDAQ:SABR), Redburn Partners initiated coverage, by setting the current rating at Buy. For the second quarter, Sabre had an EPS of $0.25, compared to year-ago quarter EPS of $0.52. At the moment, the stock has a 52-week-high of $12.08 and a 52-week-low of $5.03. Sabre closed at $5.10 at the end of the last trading period.

Northland Capital Markets initiated coverage on Sunrun Inc (NASDAQ:RUN) with an Outperform rating. The price target for Sunrun is set to $60.00. For the second quarter, Sunrun had an EPS of $0.06, compared to year-ago quarter EPS of $0.20. The current stock performance of Sunrun shows a 52-week-high of $39.13 and a 52-week-low of $16.80. Moreover, at the end of the last trading period, the closing price was at $30.24.

For Haleon PLC (NYSE:HLN), Argus Research initiated coverage, by setting the current rating at Hold. NoneThe stock has a 52-week-high of $7.65 and a 52-week-low of $5.59. At the end of the last trading period, Haleon closed at $5.85.

With an Overweight rating, Wells Fargo initiated coverage on Crescent Energy Co (NYSE:CRGY). The price target seems to have been set at $18.00 for Crescent Energy. The current stock performance of Crescent Energy shows a 52-week-high of $19.65 and a 52-week-low of $10.86. Moreover, at the end of the last trading period, the closing price was at $12.84.

B. Riley Securities initiated coverage on Franklin BSP Realty Trust Inc (NYSE:FBRT) with a Buy rating. The price target for Franklin BSP Realty Trust is set to $16.00. For the second quarter, Franklin BSP Realty Trust had an EPS of $0.29, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $16.20 and a 52-week-low of $11.24. At the end of the last trading period, Franklin BSP Realty Trust closed at $11.34.

Baird initiated coverage on CNH Industrial NV (NYSE:CNHI) with an Outperform rating. The price target for CNH Industrial is set to $17.00. In the second quarter, CNH Industrial showed an EPS of $0.43, compared to $0.42 from the year-ago quarter. The stock has a 52-week-high of $17.13 and a 52-week-low of $10.60. At the end of the last trading period, CNH Industrial closed at $11.04.

With a Buy rating, Stifel initiated coverage on Vizsla Silver Corp (AMEX:VZLA). The price target seems to have been set at $3.50 for Vizsla Silver. At the moment, the stock has a 52-week-high of $2.39 and a 52-week-low of $0.91. Vizsla Silver closed at $1.08 at the end of the last trading period.

With a Hold rating, Jefferies initiated coverage on Generac Holdings Inc (NYSE:GNRC). The price target seems to have been set at $190.00 for Generac Hldgs. For the second quarter, Generac Hldgs had an EPS of $2.99, compared to year-ago quarter EPS of $2.39. At the moment, the stock has a 52-week-high of $353.98 and a 52-week-low of $167.11. Generac Hldgs closed at $180.22 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on AGCO Corp (NYSE:AGCO). The price target seems to have been set at $156.00 for AGCO. In the second quarter, AGCO showed an EPS of $2.38, compared to $2.88 from the year-ago quarter. At the moment, the stock has a 52-week-high of $150.28 and a 52-week-low of $88.55. AGCO closed at $94.40 at the end of the last trading period.

See all analyst ratings initiations.

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