Benzinga's Top Ratings Upgrades, Downgrades For October 20, 2023

Upgrades

Oppenheimer upgraded the previous rating for Corteva Inc CTVA from Perform to Outperform. Corteva earned $1.60 in the second quarter, compared to $1.64 in the year-ago quarter. The stock has a 52-week-high of $68.42 and a 52-week-low of $48.59. At the end of the last trading period, Corteva closed at $50.96.

Scotiabank upgraded the previous rating for AT&T Inc T from Sector Perform to Sector Outperform. For the third quarter, AT&T had an EPS of $0.64, compared to year-ago quarter EPS of $0.68. The stock has a 52-week-high of $22.84 and a 52-week-low of $13.43. At the end of the last trading period, AT&T closed at $15.26.

Raymond James upgraded the previous rating for Dycom Industries Inc DY from Outperform to Strong Buy. Dycom Industries earned $2.03 in the second quarter, compared to $1.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $122.09 and a 52-week-low of $77.33. Dycom Industries closed at $82.26 at the end of the last trading period.

For Crocs Inc CROX, Raymond James upgraded the previous rating of Market Perform to Outperform. Crocs earned $3.59 in the second quarter, compared to $3.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $151.32 and a 52-week-low of $66.61. Crocs closed at $84.45 at the end of the last trading period.

For Knight-Swift Transportation Holdings Inc KNX, JP Morgan upgraded the previous rating of Underweight to Neutral. For the third quarter, Knight-Swift had an EPS of $0.41, compared to year-ago quarter EPS of $1.27. The stock has a 52-week-high of $64.35 and a 52-week-low of $45.70. At the end of the last trading period, Knight-Swift closed at $45.88.

Wolfe Research upgraded the previous rating for Morgan Stanley MS from Underperform to Peer Perform. In the third quarter, Morgan Stanley showed an EPS of $1.38, compared to $1.47 from the year-ago quarter. The stock has a 52-week-high of $100.99 and a 52-week-low of $72.89. At the end of the last trading period, Morgan Stanley closed at $72.92.

For Cognizant Technology Solutions Corp CTSH, Citigroup upgraded the previous rating of Neutral to Buy. In the second quarter, Cognizant Tech Solns showed an EPS of $1.10, compared to $1.14 from the year-ago quarter. The current stock performance of Cognizant Tech Solns shows a 52-week-high of $72.70 and a 52-week-low of $51.33. Moreover, at the end of the last trading period, the closing price was at $65.44.

For Alvotech ALVO, Citigroup upgraded the previous rating of Sell to Neutral. The stock has a 52-week-high of $14.60 and a 52-week-low of $5.56. At the end of the last trading period, Alvotech closed at $8.85.

For Union Pacific Corp UNP, Deutsche Bank upgraded the previous rating of Hold to Buy. For the third quarter, Union Pacific had an EPS of $2.51, compared to year-ago quarter EPS of $3.19. The stock has a 52-week-high of $240.48 and a 52-week-low of $183.69. At the end of the last trading period, Union Pacific closed at $210.33.

According to HSBC, the prior rating for America Movil SAB de CV AMX was changed from Hold to Buy. In the third quarter, America Movil showed an EPS of $0.04, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.07 and a 52-week-low of $15.99. America Movil closed at $16.54 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Oppenheimer, the prior rating for SolarEdge Technologies Inc SEDG was changed from Outperform to Perform. In the second quarter, SolarEdge Technologies showed an EPS of $2.62, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $345.80 and a 52-week-low of $113.43. At the end of the last trading period, SolarEdge Technologies closed at $113.98.

For SolarEdge Technologies Inc SEDG, B of A Securities downgraded the previous rating of Neutral to Underperform. For the second quarter, SolarEdge Technologies had an EPS of $2.62, compared to year-ago quarter EPS of $0.95. The current stock performance of SolarEdge Technologies shows a 52-week-high of $345.80 and a 52-week-low of $113.43. Moreover, at the end of the last trading period, the closing price was at $113.98.

Oppenheimer downgraded the previous rating for CNH Industrial NV CNHI from Outperform to Perform. For the second quarter, CNH Industrial had an EPS of $0.52, compared to year-ago quarter EPS of $0.43. The current stock performance of CNH Industrial shows a 52-week-high of $17.98 and a 52-week-low of $11.38. Moreover, at the end of the last trading period, the closing price was at $11.42.

Seaport Global downgraded the previous rating for Columbia Sportswear Co COLM from Buy to Neutral. Columbia Sportswear earned $0.14 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Columbia Sportswear shows a 52-week-high of $98.32 and a 52-week-low of $69.54. Moreover, at the end of the last trading period, the closing price was at $73.01.

For Yum Brands Inc YUM, Redburn Atlantic downgraded the previous rating of Buy to Neutral. For the second quarter, Yum Brands had an EPS of $1.41, compared to year-ago quarter EPS of $1.05. The stock has a 52-week-high of $143.25 and a 52-week-low of $107.72. At the end of the last trading period, Yum Brands closed at $120.56.

According to Goldman Sachs, the prior rating for SolarEdge Technologies Inc SEDG was changed from Buy to Neutral. For the second quarter, SolarEdge Technologies had an EPS of $2.62, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $345.80 and a 52-week-low of $113.43. SolarEdge Technologies closed at $113.98 at the end of the last trading period.

According to UBS, the prior rating for Blue Owl Capital Inc OWL was changed from Buy to Neutral. In the second quarter, Blue Owl Cap showed an EPS of $0.16, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.04 and a 52-week-low of $8.54. Blue Owl Cap closed at $12.67 at the end of the last trading period.

HSBC downgraded the previous rating for Millicom International Cellular SA TIGO from Buy to Hold. For the second quarter, Millicom Intl Cellular had an EPS of $0.13, compared to year-ago quarter EPS of $1.14. At the moment, the stock has a 52-week-high of $21.15 and a 52-week-low of $10.23. Millicom Intl Cellular closed at $15.26 at the end of the last trading period.

For SolarEdge Technologies Inc SEDG, Roth MKM downgraded the previous rating of Buy to Neutral. SolarEdge Technologies earned $2.62 in the second quarter, compared to $0.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $345.80 and a 52-week-low of $113.43. SolarEdge Technologies closed at $113.98 at the end of the last trading period.

For SolarEdge Technologies Inc SEDG, Deutsche Bank downgraded the previous rating of Buy to Hold. In the second quarter, SolarEdge Technologies showed an EPS of $2.62, compared to $0.95 from the year-ago quarter. The current stock performance of SolarEdge Technologies shows a 52-week-high of $345.80 and a 52-week-low of $113.43. Moreover, at the end of the last trading period, the closing price was at $113.98.

According to Deutsche Bank, the prior rating for Sunnova Energy International Inc NOVA was changed from Buy to Hold. For the second quarter, Sunnova Energy Intl had an EPS of $0.74, compared to year-ago quarter EPS of $0.32. The stock has a 52-week-high of $24.81 and a 52-week-low of $8.35. At the end of the last trading period, Sunnova Energy Intl closed at $9.21.

For Sunrun Inc RUN, Deutsche Bank downgraded the previous rating of Buy to Hold. For the second quarter, Sunrun had an EPS of $0.25, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $33.33 and a 52-week-low of $9.60. At the end of the last trading period, Sunrun closed at $10.58.

See all analyst ratings downgrades.

Initiations

Benchmark initiated coverage on Agilon Health Inc AGL with a Buy rating. The price target for Agilon Health is set to $28.00. In the second quarter, Agilon Health showed an EPS of $0.04, compared to $0.05 from the year-ago quarter. The current stock performance of Agilon Health shows a 52-week-high of $29.44 and a 52-week-low of $15.00. Moreover, at the end of the last trading period, the closing price was at $19.49.

UBS initiated coverage on Nuvei Corp NVEI with a Buy rating. The price target for Nuvei is set to $20.00. Nuvei earned $0.39 in the second quarter, compared to $0.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $43.81 and a 52-week-low of $14.29. Nuvei closed at $15.48 at the end of the last trading period.

BTIG initiated coverage on Invesco Mortgage Capital Inc IVR with a Neutral rating. In the second quarter, Invesco Mortgage Capital showed an EPS of $1.45, compared to $1.40 from the year-ago quarter. The stock has a 52-week-high of $15.55 and a 52-week-low of $7.48. At the end of the last trading period, Invesco Mortgage Capital closed at $7.49.

Citigroup initiated coverage on Mattel Inc MAT with a Buy rating. The price target for Mattel is set to $26.00. In the second quarter, Mattel showed an EPS of $0.10, compared to $0.18 from the year-ago quarter. The current stock performance of Mattel shows a 52-week-high of $22.64 and a 52-week-low of $15.36. Moreover, at the end of the last trading period, the closing price was at $20.73.

With an Outperform rating, Exane BNP Paribas initiated coverage on Sunrun Inc RUN. The price target seems to have been set at $20.00 for Sunrun. Sunrun earned $0.25 in the second quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $33.33 and a 52-week-low of $9.60. At the end of the last trading period, Sunrun closed at $10.58.

Exane BNP Paribas initiated coverage on SunPower Corp SPWR with an Underperform rating. The price target for SunPower is set to $4.00. For the second quarter, SunPower had an EPS of $0.13, compared to year-ago quarter EPS of $0.03. The current stock performance of SunPower shows a 52-week-high of $24.96 and a 52-week-low of $4.96. Moreover, at the end of the last trading period, the closing price was at $5.57.

Exane BNP Paribas initiated coverage on Brookfield Renewable Corp BEPC with an Outperform rating. Brookfield Renewable earned $0.10 in the second quarter, compared to $0.03 in the year-ago quarter. The current stock performance of Brookfield Renewable shows a 52-week-high of $36.16 and a 52-week-low of $21.77. Moreover, at the end of the last trading period, the closing price was at $22.92.

For 60 Degrees Pharmaceuticals Inc SXTP, HC Wainwright & Co. initiated coverage, by setting the current rating at Neutral. For the second quarter, 60 Degrees had an EPS of $1.40, compared to year-ago quarter EPS of $0.96. The current stock performance of 60 Degrees shows a 52-week-high of $8.65 and a 52-week-low of $0.67. Moreover, at the end of the last trading period, the closing price was at $0.82.

With an Outperform rating, Exane BNP Paribas initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital Inc HASI. The price target seems to have been set at $29.00 for Hannon Armstrong. In the second quarter, Hannon Armstrong showed an EPS of $0.53, compared to $0.60 from the year-ago quarter. The stock has a 52-week-high of $39.67 and a 52-week-low of $13.22. At the end of the last trading period, Hannon Armstrong closed at $17.61.

Exane BNP Paribas initiated coverage on Fluence Energy Inc FLNC with an Underperform rating. The price target for Fluence Energy is set to $18.00. Fluence Energy earned $0.20 in the third quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $31.32 and a 52-week-low of $11.91. Fluence Energy closed at $19.33 at the end of the last trading period.

With a Neutral rating, Exane BNP Paribas initiated coverage on Enphase Energy Inc ENPH. The price target seems to have been set at $131.00 for Enphase Energy. For the second quarter, Enphase Energy had an EPS of $1.47, compared to year-ago quarter EPS of $1.07. At the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $111.44. Enphase Energy closed at $115.90 at the end of the last trading period.

With a Neutral rating, Exane BNP Paribas initiated coverage on Array Technologies Inc ARRY. The price target seems to have been set at $21.00 for Array Technologies. For the second quarter, Array Technologies had an EPS of $0.47, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $26.64 and a 52-week-low of $13.86. At the end of the last trading period, Array Technologies closed at $18.00.

With a Neutral rating, Exane BNP Paribas initiated coverage on Ameresco Inc AMRC. The price target seems to have been set at $43.00 for Ameresco. Ameresco earned $0.15 in the second quarter, compared to $0.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.72 and a 52-week-low of $31.37. Ameresco closed at $31.63 at the end of the last trading period.

Exane BNP Paribas initiated coverage on Stem Inc STEM with a Neutral rating. The price target for Stem is set to $5.00. In the second quarter, Stem showed an EPS of $0.26, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $14.82 and a 52-week-low of $3.50. At the end of the last trading period, Stem closed at $3.68.

Exane BNP Paribas initiated coverage on Generac Holdings Inc GNRC with an Underperform rating. The price target for Generac Hldgs is set to $78.00. For the second quarter, Generac Hldgs had an EPS of $1.08, compared to year-ago quarter EPS of $2.99. The stock has a 52-week-high of $156.95 and a 52-week-low of $86.29. At the end of the last trading period, Generac Hldgs closed at $93.96.

With a Neutral rating, Exane BNP Paribas initiated coverage on Sunnova Energy International Inc NOVA. The price target seems to have been set at $14.00 for Sunnova Energy Intl. Sunnova Energy Intl earned $0.74 in the second quarter, compared to $0.32 in the year-ago quarter. The current stock performance of Sunnova Energy Intl shows a 52-week-high of $24.81 and a 52-week-low of $8.35. Moreover, at the end of the last trading period, the closing price was at $9.21.

Exane BNP Paribas initiated coverage on First Solar Inc FSLR with an Outperform rating. The price target for First Solar is set to $237.00. For the second quarter, First Solar had an EPS of $1.89, compared to year-ago quarter EPS of $0.52. The current stock performance of First Solar shows a 52-week-high of $232.00 and a 52-week-low of $116.50. Moreover, at the end of the last trading period, the closing price was at $151.97.

With an Outperform rating, Exane BNP Paribas initiated coverage on Shoals Technologies Group Inc SHLS. The price target seems to have been set at $33.00 for Shoals Technologies Gr. In the second quarter, Shoals Technologies Gr showed an EPS of $0.14, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.37 and a 52-week-low of $14.81. Shoals Technologies Gr closed at $15.20 at the end of the last trading period.

Exane BNP Paribas initiated coverage on SolarEdge Technologies Inc SEDG with an Outperform rating. The price target for SolarEdge Technologies is set to $140.00. In the second quarter, SolarEdge Technologies showed an EPS of $2.62, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $345.80 and a 52-week-low of $113.43. At the end of the last trading period, SolarEdge Technologies closed at $113.98.

With a Buy rating, Roth MKM initiated coverage on Stryker Corp SYK. The price target seems to have been set at $345.00 for Stryker. Stryker earned $2.54 in the second quarter, compared to $2.25 in the year-ago quarter. The stock has a 52-week-high of $306.93 and a 52-week-low of $205.45. At the end of the last trading period, Stryker closed at $268.42.

With a Buy rating, Roth MKM initiated coverage on Enovis Corp ENOV. The price target seems to have been set at $75.00 for Enovis. Enovis earned $0.61 in the second quarter, compared to $0.59 in the year-ago quarter. The current stock performance of Enovis shows a 52-week-high of $66.71 and a 52-week-low of $43.32. Moreover, at the end of the last trading period, the closing price was at $44.86.

Roth MKM initiated coverage on Orthofix Medical Inc OFIX with a Neutral rating. The price target for Orthofix Medical is set to $12.00. In the second quarter, Orthofix Medical showed an EPS of $0.02, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $23.19 and a 52-week-low of $10.54. At the end of the last trading period, Orthofix Medical closed at $11.59.

With a Buy rating, Roth MKM initiated coverage on Alphatec Holdings Inc ATEC. The price target seems to have been set at $22.00 for Alphatec Holdings. Alphatec Holdings earned $0.43 in the second quarter, compared to $0.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.14 and a 52-week-low of $8.84. Alphatec Holdings closed at $11.85 at the end of the last trading period.

Roth MKM initiated coverage on Zimmer Biomet Holdings Inc ZBH with a Neutral rating. The price target for Zimmer Biomet Holdings is set to $120.00. In the second quarter, Zimmer Biomet Holdings showed an EPS of $1.82, compared to $1.82 from the year-ago quarter. The stock has a 52-week-high of $149.25 and a 52-week-low of $102.00. At the end of the last trading period, Zimmer Biomet Holdings closed at $104.81.

With a Buy rating, Roth MKM initiated coverage on Globus Medical Inc GMED. The price target seems to have been set at $75.00 for Globus Medical. For the second quarter, Globus Medical had an EPS of $0.63, compared to year-ago quarter EPS of $0.56. The current stock performance of Globus Medical shows a 52-week-high of $80.04 and a 52-week-low of $48.78. Moreover, at the end of the last trading period, the closing price was at $51.40.

See all analyst ratings initiations.