Benzinga's Top Ratings Upgrades, Downgrades For September 22, 2021

Upgrades

Argus Research upgraded the previous rating for Simon Property Group Inc SPG from Hold to Buy. In the second quarter, Simon Property Group showed an EPS of $3.24, compared to $2.12 from the year-ago quarter. The stock has a 52-week-high of $137.38 and a 52-week-low of $59.35. At the end of the last trading period, Simon Property Group closed at $130.38.
According to BMO Capital, the prior rating for Teck Resources Ltd TECK was changed from Market Perform to Outperform. Teck Resources earned $0.51 in the second quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.08 and a 52-week-low of $11.91. Teck Resources closed at $23.19 at the end of the last trading period.
According to WBB Securities, the prior rating for Cidara Therapeutics Inc CDTX was changed from Buy to Strong Buy. In the second quarter, Cidara Therapeutics showed an EPS of $0.18, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $3.28 and a 52-week-low of $1.46. At the end of the last trading period, Cidara Therapeutics closed at $2.14.
For Xponential Fitness Inc XPOF, Raymond James upgraded the previous rating of Market Perform to Strong Buy. Xponential Fitness earned $0.50 in the second quarter. Xponential Fitness closed at $10.34 at the end of the last trading period.
For Ambarella Inc AMBA, Keybanc upgraded the previous rating of Sector Weight to Overweight. In the second quarter, Ambarella showed an EPS of $0.35, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $153.18 and a 52-week-low of $48.35. Ambarella closed at $148.92 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

William Blair downgraded the previous rating for InnovAge Holding Corp INNV from Outperform to Market Perform. InnovAge Holding earned $0.05 in the fourth quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.18 and a 52-week-low of $11.45. InnovAge Holding closed at $11.65 at the end of the last trading period.
According to Morgan Stanley, the prior rating for RE/MAX Holdings Inc RMAX was changed from Overweight to Equal-Weight. RE/MAX Hldgs earned $0.63 in the second quarter, compared to $0.38 in the year-ago quarter. The current stock performance of RE/MAX Hldgs shows a 52-week-high of $43.85 and a 52-week-low of $29.40. Moreover, at the end of the last trading period, the closing price was at $31.50.
For FedEx Corp FDX, Raymond James downgraded the previous rating of Outperform to Market Perform. In the first quarter, FedEx showed an EPS of $4.37, compared to $4.87 from the year-ago quarter. The current stock performance of FedEx shows a 52-week-high of $319.90 and a 52-week-low of $230.27. Moreover, at the end of the last trading period, the closing price was at $252.07.
For Axcella Health Inc AXLA, Goldman Sachs downgraded the previous rating of Buy to Neutral. In the second quarter, Axcella Health showed an EPS of $0.42, compared to $0.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.84 and a 52-week-low of $2.98. Axcella Health closed at $3.15 at the end of the last trading period.
For Frequency Therapeutics Inc FREQ, Goldman Sachs downgraded the previous rating of Buy to Neutral. For the second quarter, Frequency Therapeutics had an EPS of $0.52, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $58.37 and a 52-week-low of $6.75. At the end of the last trading period, Frequency Therapeutics closed at $7.30.
According to Goldman Sachs, the prior rating for Vir Biotechnology Inc VIR was changed from Buy to Neutral. Vir Biotechnology earned $0.46 in the second quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $141.01 and a 52-week-low of $25.31. At the end of the last trading period, Vir Biotechnology closed at $51.02.
According to Goldman Sachs, the prior rating for FibroGen Inc FGEN was changed from Neutral to Sell. In the second quarter, FibroGen showed an EPS of $1.45, compared to $0.95 from the year-ago quarter. The current stock performance of FibroGen shows a 52-week-high of $57.21 and a 52-week-low of $11.08. Moreover, at the end of the last trading period, the closing price was at $11.24.
According to Raymond James, the prior rating for OraSure Technologies Inc OSUR was changed from Outperform to Market Perform. In the second quarter, OraSure Technologies showed an EPS of $0.02, compared to $0.16 from the year-ago quarter. The current stock performance of OraSure Technologies shows a 52-week-high of $17.79 and a 52-week-low of $8.58. Moreover, at the end of the last trading period, the closing price was at $13.34.
B of A Securities downgraded the previous rating for Vale SA VALE from Buy to Neutral. Vale earned $1.49 in the second quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Vale shows a 52-week-high of $23.18 and a 52-week-low of $10.29. Moreover, at the end of the last trading period, the closing price was at $15.88.
Susquehanna downgraded the previous rating for Coherent Inc COHR from Positive to Neutral. Coherent earned $1.81 in the third quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Coherent shows a 52-week-high of $270.99 and a 52-week-low of $103.00. Moreover, at the end of the last trading period, the closing price was at $252.38.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Alliance Global Partners initiated coverage on Icecure Medical Ltd ICCM. The price target seems to have been set at $14.50 for Icecure Medical. Icecure Medical closed at $9.00 at the end of the last trading period.
JP Morgan initiated coverage on ZIM Integrated Shipping Services Ltd ZIM with an Underweight rating. The price target for ZIM Integrated Shipping is set to $46.02. In the second quarter, ZIM Integrated Shipping earned $7.38. The stock has a 52-week-high of $62.20 and a 52-week-low of $11.34. At the end of the last trading period, ZIM Integrated Shipping closed at $55.89.
Evercore ISI Group initiated coverage on SunPower Corp SPWR with an Outperform rating. The price target for SunPower is set to $27.00. In the second quarter, SunPower showed an EPS of $0.06, compared to $0.22 from the year-ago quarter. The current stock performance of SunPower shows a 52-week-high of $57.52 and a 52-week-low of $9.54. Moreover, at the end of the last trading period, the closing price was at $21.09.
With a Buy rating, UBS initiated coverage on Li-Cycle Holdings Corp LICY. The price target seems to have been set at $15.00 for Li-Cycle Holdings. For the third quarter, Li-Cycle Holdings had an EPS of $2.88, compared to year-ago quarter EPS of $0.86. Li-Cycle Holdings closed at $9.85 at the end of the last trading period.
BTIG initiated coverage on Humacyte Inc HUMA with a Buy rating. The price target for Humacyte is set to $19.00. At the end of the last trading period, Humacyte closed at $13.85.
With an Overweight rating, Wells Fargo initiated coverage on Vimeo Inc VMEO. The price target seems to have been set at $47.00 for Vimeo. Vimeo earned $0.02 in the second quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $52.06 and a 52-week-low of $29.17. Vimeo closed at $32.39 at the end of the last trading period.
For Poshmark Inc POSH, Needham initiated coverage, by setting the current rating at Hold. Interestingly, in the second quarter, Poshmark's EPS was $0.04. The current stock performance of Poshmark shows a 52-week-high of $104.98 and a 52-week-low of $23.58. Moreover, at the end of the last trading period, the closing price was at $23.59.
DZ Bank initiated coverage on ServiceNow Inc NOW with a Buy rating. The price target for ServiceNow is set to $725.00. ServiceNow earned $1.42 in the second quarter, compared to $1.23 in the year-ago quarter. The current stock performance of ServiceNow shows a 52-week-high of $681.10 and a 52-week-low of $446.20. Moreover, at the end of the last trading period, the closing price was at $654.20.
With an Overweight rating, Morgan Stanley initiated coverage on Jackson Financial Inc JXN. The price target seems to have been set at $37.00 for Jackson Financial. Jackson Financial earned $6.74 in the second quarter. Moreover, at the end of the last trading period, the closing price was at $26.53.
Cantor Fitzgerald initiated coverage on IMV Inc IMV with an Overweight rating. The price target for IMV is set to $4.00. In the second quarter, IMV showed an EPS of $0.11, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $4.95 and a 52-week-low of $1.31. At the end of the last trading period, IMV closed at $1.69.
Berenberg initiated coverage on Viant Technology Inc DSP with a Buy rating. The price target for Viant Technology is set to $20.00. Interestingly, in the second quarter, Viant Technology's EPS was $0.06. At the moment, the stock has a 52-week-high of $69.16 and a 52-week-low of $11.61. Viant Technology closed at $11.64 at the end of the last trading period.
Berenberg initiated coverage on PubMatic Inc PUBM with a Buy rating. The price target for PubMatic is set to $37.00. PubMatic earned $0.18 in the second quarter. At the moment, the stock has a 52-week-high of $76.96 and a 52-week-low of $22.42. PubMatic closed at $27.20 at the end of the last trading period.
With a Buy rating, Berenberg initiated coverage on Magnite Inc MGNI. The price target seems to have been set at $37.00 for Magnite. In the second quarter, Magnite showed an EPS of $0.11, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $64.39 and a 52-week-low of $5.88. At the end of the last trading period, Magnite closed at $28.39.
With a Buy rating, Jefferies initiated coverage on SoFi Technologies Inc SOFI. The price target seems to have been set at $25.00 for SoFi Technologies. For the second quarter, SoFi Technologies had an EPS of $0.48, compared to year-ago quarter EPS of $0.03. The current stock performance of SoFi Technologies shows a 52-week-high of $24.95 and a 52-week-low of $13.56. Moreover, at the end of the last trading period, the closing price was at $15.17.
Baird initiated coverage on Gentherm Inc THRM with an Outperform rating. The price target for Gentherm is set to $94.00. Gentherm earned $0.85 in the second quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $88.99 and a 52-week-low of $38.99. Gentherm closed at $77.93 at the end of the last trading period.
With a Buy rating, MKM Partners initiated coverage on California Resources Corp CRC. The price target seems to have been set at $54.00 for California Resources. In the second quarter, California Resources earned $0.94. The current stock performance of California Resources shows a 52-week-high of $44.58 and a 52-week-low of $14.63. Moreover, at the end of the last trading period, the closing price was at $41.60.
With a Buy rating, Stifel initiated coverage on Armada Hoffler Properties Inc AHH. The price target seems to have been set at $15.00 for Armada Hoffler Properties. Armada Hoffler Properties earned $0.29 in the second quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.38 and a 52-week-low of $8.20. Armada Hoffler Properties closed at $13.20 at the end of the last trading period.
With an Outperform rating, Oppenheimer initiated coverage on Golub Capital BDC Inc GBDC. The price target seems to have been set at $16.00 for Golub Capital BDC. In the third quarter, Golub Capital BDC showed an EPS of $0.29, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.22 and a 52-week-low of $12.31. Golub Capital BDC closed at $15.36 at the end of the last trading period.