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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For September 6, 2022

Upgrades

Northcoast Research upgraded the previous rating for Ecolab Inc (NYSE:ECL) from Neutral to Buy. Ecolab earned $1.10 in the second quarter, compared to $1.22 in the year-ago quarter. The stock has a 52-week-high of $237.38 and a 52-week-low of $143.82. At the end of the last trading period, Ecolab closed at $161.64.

According to Northcoast Research, the prior rating for The Toro Co (NYSE:TTC) was changed from Neutral to Buy. For the third quarter, Toro had an EPS of $1.19, compared to year-ago quarter EPS of $0.92. The current stock performance of Toro shows a 52-week-high of $103.10 and a 52-week-low of $71.86. Moreover, at the end of the last trading period, the closing price was at $82.67.

According to UBS, the prior rating for Newmont Corp (NYSE:NEM) was changed from Neutral to Buy. For the second quarter, Newmont had an EPS of $0.46, compared to year-ago quarter EPS of $0.83. The current stock performance of Newmont shows a 52-week-high of $86.37 and a 52-week-low of $40.27. Moreover, at the end of the last trading period, the closing price was at $41.67.

Rosenblatt upgraded the previous rating for Nexstar Media Group Inc (NASDAQ:NXST) from Neutral to Buy. For the second quarter, Nexstar Media Group had an EPS of $5.56, compared to year-ago quarter EPS of $4.51. The current stock performance of Nexstar Media Group shows a 52-week-high of $204.62 and a 52-week-low of $148.10. Moreover, at the end of the last trading period, the closing price was at $191.31.

For Inter & Co Inc (NASDAQ:INTR), Goldman Sachs upgraded the previous rating of Sell to Neutral. The current stock performance of Inter & Co shows a 52-week-high of $4.63 and a 52-week-low of $2.10. Moreover, at the end of the last trading period, the closing price was at $4.20.

Morgan Stanley upgraded the previous rating for NextEra Energy Inc (NYSE:NEE) from Equal-Weight to Overweight. In the second quarter, NextEra Energy showed an EPS of $0.81, compared to $0.71 from the year-ago quarter. At the moment, the stock has a 52-week-high of $93.65 and a 52-week-low of $67.22. NextEra Energy closed at $85.11 at the end of the last trading period.

According to Redburn Partners, the prior rating for PPG Industries Inc (NYSE:PPG) was changed from Neutral to Buy. For the second quarter, PPG Indus had an EPS of $1.81, compared to year-ago quarter EPS of $1.94. At the moment, the stock has a 52-week-high of $177.32 and a 52-week-low of $107.06. PPG Indus closed at $123.76 at the end of the last trading period.

According to Stifel, the prior rating for Mettler-Toledo International Inc (NYSE:MTD) was changed from Hold to Buy. For the second quarter, Mettler-Toledo Intl had an EPS of $9.39, compared to year-ago quarter EPS of $8.10. The stock has a 52-week-high of $1699.11 and a 52-week-low of $1082.78. At the end of the last trading period, Mettler-Toledo Intl closed at $1195.02.

For Perrigo Co PLC (NYSE:PRGO), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Perrigo earned $0.43 in the second quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $43.90 and a 52-week-low of $31.32. At the end of the last trading period, Perrigo closed at $36.74.

According to Wolfe Research, the prior rating for Tesla Inc (NASDAQ:TSLA) was changed from Peer Perform to Outperform. Tesla earned $0.76 in the second quarter, compared to $0.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $402.67 and a 52-week-low of $206.86. Tesla closed at $270.21 at the end of the last trading period.

BTIG upgraded the previous rating for Transocean Ltd (NYSE:RIG) from Neutral to Buy. Transocean earned $0.10 in the second quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.56 and a 52-week-low of $2.32. Transocean closed at $3.56 at the end of the last trading period.

BMO Capital upgraded the previous rating for Greif Inc (NYSE:GEF) from Underperform to Market Perform. Greif earned $2.35 in the third quarter, compared to $1.93 in the year-ago quarter. The stock has a 52-week-high of $72.80 and a 52-week-low of $53.65. At the end of the last trading period, Greif closed at $67.26.

RBC Capital upgraded the previous rating for Rollins Inc (NYSE:ROL) from Sector Perform to Outperform. In the second quarter, Rollins showed an EPS of $0.20, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $39.20 and a 52-week-low of $28.50. At the end of the last trading period, Rollins closed at $33.74.

Jefferies upgraded the previous rating for Tsakos Energy Navigation Ltd (NYSE:TNP) from Hold to Buy. For the first quarter, Tsakos Energy Navigation had an EPS of $0.12, compared to year-ago quarter EPS of $0.71. The stock has a 52-week-high of $16.48 and a 52-week-low of $6.95. At the end of the last trading period, Tsakos Energy Navigation closed at $15.40.

For Organon & Co (NYSE:OGN), Piper Sandler upgraded the previous rating of Neutral to Overweight. For the second quarter, Organon had an EPS of $1.25, compared to year-ago quarter EPS of $1.72. At the moment, the stock has a 52-week-high of $39.48 and a 52-week-low of $28.32. Organon closed at $28.50 at the end of the last trading period.

For Frontline Ltd (NYSE:FRO), Jefferies upgraded the previous rating of Hold to Buy. In the second quarter, Frontline showed an EPS of $0.21, compared to $0.12 from the year-ago quarter. The current stock performance of Frontline shows a 52-week-high of $12.57 and a 52-week-low of $6.10. Moreover, at the end of the last trading period, the closing price was at $11.92.

For Euronav NV (NYSE:EURN), Jefferies upgraded the previous rating of Hold to Buy. In the second quarter, Euronav showed an EPS of $0.02, compared to $0.44 from the year-ago quarter. The current stock performance of Euronav shows a 52-week-high of $17.24 and a 52-week-low of $7.91. Moreover, at the end of the last trading period, the closing price was at $16.23.

See all analyst ratings upgrades.

Downgrades

For Signify Health Inc (NYSE:SGFY), William Blair downgraded the previous rating of Outperform to Market Perform. Signify Health earned $0.85 in the second quarter, compared to $0.00 in the year-ago quarter. The current stock performance of Signify Health shows a 52-week-high of $29.88 and a 52-week-low of $10.70. Moreover, at the end of the last trading period, the closing price was at $28.77.

According to Dawson James, the prior rating for Arcimoto Inc (NASDAQ:FUV) was changed from Neutral to Sell. In the second quarter, Arcimoto showed an EPS of $0.39, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.27 and a 52-week-low of $1.93. Arcimoto closed at $2.00 at the end of the last trading period.

JP Morgan downgraded the previous rating for Carlyle Secured Lending Inc (NASDAQ:CGBD) from Overweight to Neutral. In the second quarter, Carlyle Secured Lending showed an EPS of $0.40, compared to $0.38 from the year-ago quarter. The stock has a 52-week-high of $14.96 and a 52-week-low of $12.14. At the end of the last trading period, Carlyle Secured Lending closed at $14.23.

B of A Securities downgraded the previous rating for The Carlyle Group Inc (NASDAQ:CG) from Buy to Underperform. In the second quarter, Carlyle Group showed an EPS of $1.17, compared to $0.88 from the year-ago quarter. At the moment, the stock has a 52-week-high of $56.00 and a 52-week-low of $30.01. Carlyle Group closed at $32.26 at the end of the last trading period.

According to Odeon Capital, the prior rating for Citigroup Inc (NYSE:C) was changed from Buy to Hold. For the second quarter, Citigroup had an EPS of $2.19, compared to year-ago quarter EPS of $2.85. At the moment, the stock has a 52-week-high of $69.11 and a 52-week-low of $43.44. Citigroup closed at $48.84 at the end of the last trading period.

Odeon Capital downgraded the previous rating for The Goldman Sachs Group Inc (NYSE:GS) from Hold to Sell. Goldman Sachs Group earned $7.73 in the second quarter, compared to $15.02 in the year-ago quarter. The current stock performance of Goldman Sachs Group shows a 52-week-high of $412.66 and a 52-week-low of $277.84. Moreover, at the end of the last trading period, the closing price was at $331.48.

Odeon Capital downgraded the previous rating for Morgan Stanley (NYSE:MS) from Hold to Sell. For the second quarter, Morgan Stanley had an EPS of $1.44, compared to year-ago quarter EPS of $1.89. At the moment, the stock has a 52-week-high of $109.73 and a 52-week-low of $72.05. Morgan Stanley closed at $86.40 at the end of the last trading period.

For Signify Health Inc (NYSE:SGFY), Piper Sandler downgraded the previous rating of Overweight to Neutral. Signify Health earned $0.85 in the second quarter, compared to $0.00 in the year-ago quarter. The current stock performance of Signify Health shows a 52-week-high of $29.88 and a 52-week-low of $10.70. Moreover, at the end of the last trading period, the closing price was at $28.77.

UBS downgraded the previous rating for Entergy Corp (NYSE:ETR) from Buy to Neutral. In the second quarter, Entergy showed an EPS of $1.78, compared to $1.34 from the year-ago quarter. The stock has a 52-week-high of $126.81 and a 52-week-low of $100.18. At the end of the last trading period, Entergy closed at $116.22.

According to Oppenheimer, the prior rating for ShockWave Medical Inc (NASDAQ:SWAV) was changed from Perform to Underperform. ShockWave Medical earned $0.68 in the second quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $314.90 and a 52-week-low of $113.36. At the end of the last trading period, ShockWave Medical closed at $292.19.

JP Morgan downgraded the previous rating for Rocket Companies Inc (NYSE:RKT) from Overweight to Neutral. Rocket Companies earned $0.03 in the second quarter, compared to $0.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.26 and a 52-week-low of $6.27. Rocket Companies closed at $7.62 at the end of the last trading period.

According to JP Morgan, the prior rating for Enact Holdings Inc (NASDAQ:ACT) was changed from Overweight to Neutral. At the moment, the stock has a 52-week-high of $27.68 and a 52-week-low of $19.21. Enact Holdings closed at $24.83 at the end of the last trading period.

According to JP Morgan, the prior rating for Discover Financial Services (NYSE:DFS) was changed from Overweight to Neutral. Discover Financial earned $3.96 in the second quarter, compared to $5.55 in the year-ago quarter. The current stock performance of Discover Financial shows a 52-week-high of $130.81 and a 52-week-low of $88.02. Moreover, at the end of the last trading period, the closing price was at $99.53.

According to JMP Securities, the prior rating for LegalZoom.com Inc (NASDAQ:LZ) was changed from Market Outperform to Market Perform. LegalZoom.com earned $0.05 in the second quarter, compared to $0.03 in the year-ago quarter. The current stock performance of LegalZoom.com shows a 52-week-high of $17.36 and a 52-week-low of $8.64. Moreover, at the end of the last trading period, the closing price was at $9.70.

Morgan Stanley downgraded the previous rating for Edison International (NYSE:EIX) from Equal-Weight to Underweight. Edison earned $0.94 in the second quarter, compared to $0.94 in the year-ago quarter. The stock has a 52-week-high of $73.32 and a 52-week-low of $57.86. At the end of the last trading period, Edison closed at $67.96.

For PolyPid Ltd (NASDAQ:PYPD), Raymond James downgraded the previous rating of Strong Buy to Outperform. PolyPid earned $0.61 in the second quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $6.90 and a 52-week-low of $1.12. At the end of the last trading period, PolyPid closed at $1.43.

According to Goldman Sachs, the prior rating for StoneCo Ltd (NASDAQ:STNE) was changed from Neutral to Sell. For the second quarter, StoneCo had an EPS of $0.05, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $19.66 and a 52-week-low of $6.81. StoneCo closed at $8.90 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Greif Inc (NYSE:GEF) from Overweight to Equal-Weight. Greif earned $2.35 in the third quarter, compared to $1.93 in the year-ago quarter. At the moment, the stock has a 52-week-high of $72.80 and a 52-week-low of $53.65. Greif closed at $67.26 at the end of the last trading period.

Citigroup downgraded the previous rating for FedEx Corp (NYSE:FDX) from Buy to Neutral. For the fourth quarter, FedEx had an EPS of $6.87, compared to year-ago quarter EPS of $5.01. The stock has a 52-week-high of $266.79 and a 52-week-low of $192.82. At the end of the last trading period, FedEx closed at $208.72.

According to Baird, the prior rating for Signify Health Inc (NYSE:SGFY) was changed from Outperform to Neutral. For the second quarter, Signify Health had an EPS of $0.85, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $29.88 and a 52-week-low of $10.70. At the end of the last trading period, Signify Health closed at $28.77.

JP Morgan downgraded the previous rating for Claros Mortgage Trust Inc (NYSE:CMTG) from Neutral to Underweight. The current stock performance of Claros Mortgage Trust shows a 52-week-high of $21.09 and a 52-week-low of $16.02. Moreover, at the end of the last trading period, the closing price was at $16.69.

JP Morgan downgraded the previous rating for Apollo Commercial Real Estate Finance Inc (NYSE:ARI) from Neutral to Underweight. For the second quarter, Apollo Comml Real Est had an EPS of $0.35, compared to year-ago quarter EPS of $0.41. The current stock performance of Apollo Comml Real Est shows a 52-week-high of $14.55 and a 52-week-low of $9.41. Moreover, at the end of the last trading period, the closing price was at $11.29.

According to JP Morgan, the prior rating for Ciena Corp (NYSE:CIEN) was changed from Overweight to Neutral. Ciena earned $0.33 in the third quarter, compared to $0.92 in the year-ago quarter. The stock has a 52-week-high of $77.38 and a 52-week-low of $41.63. At the end of the last trading period, Ciena closed at $44.22.

For WhiteHorse Finance Inc (NASDAQ:WHF), JP Morgan downgraded the previous rating of Neutral to Underweight. In the second quarter, WhiteHorse Finance showed an EPS of $0.33, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.73 and a 52-week-low of $12.35. WhiteHorse Finance closed at $14.30 at the end of the last trading period.

According to JP Morgan, the prior rating for Signify Health Inc (NYSE:SGFY) was changed from Overweight to Neutral. In the second quarter, Signify Health showed an EPS of $0.85, compared to $0.00 from the year-ago quarter. The current stock performance of Signify Health shows a 52-week-high of $29.88 and a 52-week-low of $10.70. Moreover, at the end of the last trading period, the closing price was at $28.77.

See all analyst ratings downgrades.

Initiations

Credit Suisse initiated coverage on Olin Corp (NYSE:OLN) with an Underperform rating. The price target for Olin is set to $51.00. Olin earned $2.76 in the second quarter, compared to $2.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $67.25 and a 52-week-low of $43.02. Olin closed at $53.41 at the end of the last trading period.

Laidlaw & Co. initiated coverage on NLS Pharmaceutics Ltd (NASDAQ:NLSP) with a Buy rating. The price target for NLS Pharmaceutics is set to $6.00. NoneThe current stock performance of NLS Pharmaceutics shows a 52-week-high of $2.40 and a 52-week-low of $0.33. Moreover, at the end of the last trading period, the closing price was at $0.53.

With a Buy rating, EF Hutton initiated coverage on Electromed Inc (AMEX:ELMD). The price target seems to have been set at $13.50 for Electromed. In the fourth quarter, Electromed showed an EPS of $0.04, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $13.46 and a 52-week-low of $8.75. At the end of the last trading period, Electromed closed at $9.25.

B of A Securities initiated coverage on Lyft Inc (NASDAQ:LYFT) with an Underperform rating. The price target for Lyft is set to $14.00. Lyft earned $0.13 in the second quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Lyft shows a 52-week-high of $46.64 and a 52-week-low of $11.96. Moreover, at the end of the last trading period, the closing price was at $14.60.

With a Neutral rating, Janney Montgomery Scott initiated coverage on City Holding Co (NASDAQ:CHCO). The price target seems to have been set at $91.00 for City Holding. For the second quarter, City Holding had an EPS of $1.51, compared to year-ago quarter EPS of $1.41. The stock has a 52-week-high of $90.96 and a 52-week-low of $73.40. At the end of the last trading period, City Holding closed at $84.22.

Janney Montgomery Scott initiated coverage on Wesbanco Inc (NASDAQ:WSBC) with a Neutral rating. The price target for Wesbanco is set to $37.00. For the second quarter, Wesbanco had an EPS of $0.67, compared to year-ago quarter EPS of $1.03. The current stock performance of Wesbanco shows a 52-week-high of $38.37 and a 52-week-low of $29.50. Moreover, at the end of the last trading period, the closing price was at $34.41.

Deutsche Bank initiated coverage on Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) with a Buy rating. The price target for Fortress Transportation is set to $29.50. In the second quarter, Fortress Transportation showed an EPS of $0.11, compared to $0.42 from the year-ago quarter. The current stock performance of Fortress Transportation shows a 52-week-high of $29.64 and a 52-week-low of $15.85. Moreover, at the end of the last trading period, the closing price was at $17.10.

With a Buy rating, B of A Securities initiated coverage on Dropbox Inc (NASDAQ:DBX). The price target seems to have been set at $34.00 for Dropbox. Dropbox earned $0.38 in the second quarter, compared to $0.40 in the year-ago quarter. The current stock performance of Dropbox shows a 52-week-high of $25.80 and a 52-week-low of $19.07. Moreover, at the end of the last trading period, the closing price was at $21.17.

JMP Securities initiated coverage on Procore Technologies Inc (NYSE:PCOR) with a Market Outperform rating. The price target for Procore Technologies is set to $70.00. In the second quarter, Procore Technologies showed an EPS of $0.19, compared to $2.04 from the year-ago quarter. The stock has a 52-week-high of $80.81 and a 52-week-low of $40.00. At the end of the last trading period, Procore Technologies closed at $53.84.

Piper Sandler initiated coverage on Mesoblast Ltd (NASDAQ:MESO) with an Overweight rating. The price target for Mesoblast is set to $7.00. In the fourth quarter, Mesoblast showed an EPS of $0.17, compared to $0.17 from the year-ago quarter. The stock has a 52-week-high of $5.09 and a 52-week-low of $2.14. At the end of the last trading period, Mesoblast closed at $2.93.

Credit Suisse initiated coverage on Westlake Corp (NYSE:WLK) with an Outperform rating. The price target for Westlake is set to $120.00. In the second quarter, Westlake showed an EPS of $6.60, compared to $4.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $141.19 and a 52-week-low of $89.00. Westlake closed at $95.76 at the end of the last trading period.

Cowen & Co. initiated coverage on Akili Inc (NASDAQ:AKLI) with an Outperform rating. The stock has a 52-week-high of $37.58 and a 52-week-low of $3.73. At the end of the last trading period, Akili closed at $4.25.

Cowen & Co. initiated coverage on Sun Country Airlines Holdings Inc (NASDAQ:SNCY) with an Outperform rating. The price target for Sun Country Airlines is set to $25.00. For the second quarter, Sun Country Airlines had an EPS of $0.03, compared to year-ago quarter EPS of $0.07. The current stock performance of Sun Country Airlines shows a 52-week-high of $30.61 and a 52-week-low of $17.00. Moreover, at the end of the last trading period, the closing price was at $19.26.

With a Buy rating, B of A Securities initiated coverage on Cadre Holdings Inc (NYSE:CDRE). The price target seems to have been set at $30.00 for Cadre Hldgs. The current stock performance of Cadre Hldgs shows a 52-week-high of $28.49 and a 52-week-low of $17.74. Moreover, at the end of the last trading period, the closing price was at $24.94.

With a Buy rating, B of A Securities initiated coverage on Lumentum Holdings Inc (NASDAQ:LITE). The price target seems to have been set at $105.00 for Lumentum Holdings. For the fourth quarter, Lumentum Holdings had an EPS of $1.47, compared to year-ago quarter EPS of $1.15. The stock has a 52-week-high of $108.90 and a 52-week-low of $73.97. At the end of the last trading period, Lumentum Holdings closed at $79.59.

With a Buy rating, HC Wainwright & Co. initiated coverage on Stronghold Digital Mining Inc (NASDAQ:SDIG). The price target seems to have been set at $3.00 for Stronghold Digital Mining. At the moment, the stock has a 52-week-high of $14.43 and a 52-week-low of $1.28. Stronghold Digital Mining closed at $1.40 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on Entera Bio Ltd (NASDAQ:ENTX). The price target seems to have been set at $10.00 for Entera Bio. Entera Bio earned $0.11 in the second quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Entera Bio shows a 52-week-high of $3.51 and a 52-week-low of $1.31. Moreover, at the end of the last trading period, the closing price was at $1.40.

With a Buy rating, HC Wainwright & Co. initiated coverage on Core Scientific Inc (NASDAQ:CORZ). The price target seems to have been set at $5.00 for Core Scientific. The stock has a 52-week-high of $11.49 and a 52-week-low of $1.40. At the end of the last trading period, Core Scientific closed at $2.12.

With a Buy rating, Needham initiated coverage on Stagwell Inc (NASDAQ:STGW). The price target seems to have been set at $9.00 for Stagwell. Stagwell earned $0.08 in the second quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.92 and a 52-week-low of $4.80. Stagwell closed at $6.33 at the end of the last trading period.

See all analyst ratings initiations.

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