Benzinga's Top Ratings Upgrades, Downgrades For October 20, 2021

Upgrades

For Iridium Communications Inc IRDM, BWS Financial upgraded the previous rating of Neutral to Buy. Iridium Communications earned $0.01 in the third quarter, compared to $0.03 in the year-ago quarter. The current stock performance of Iridium Communications shows a 52-week-high of $54.65 and a 52-week-low of $25.30. Moreover, at the end of the last trading period, the closing price was at $41.03.

According to Credit Suisse, the prior rating for Ford Motor Co F was changed from Neutral to Outperform. In the second quarter, Ford Motor showed an EPS of $0.13, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.45 and a 52-week-low of $7.57. Ford Motor closed at $15.42 at the end of the last trading period.

Evercore ISI Group upgraded the previous rating for TE Connectivity Ltd TEL from In-Line to Outperform. For the third quarter, TE Connectivity had an EPS of $1.79, compared to year-ago quarter EPS of $0.59. The current stock performance of TE Connectivity shows a 52-week-high of $153.53 and a 52-week-low of $94.16. Moreover, at the end of the last trading period, the closing price was at $147.01.

According to Argus Research, the prior rating for Halliburton Co HAL was changed from Hold to Buy. In the third quarter, Halliburton showed an EPS of $0.28, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.68 and a 52-week-low of $10.99. Halliburton closed at $26.10 at the end of the last trading period.

For Thermo Fisher Scientific Inc TMO, Citigroup upgraded the previous rating of Neutral to Buy. For the second quarter, Thermo Fisher Scientific had an EPS of $5.60, compared to year-ago quarter EPS of $3.89. At the moment, the stock has a 52-week-high of $616.93 and a 52-week-low of $433.52. Thermo Fisher Scientific closed at $592.10 at the end of the last trading period.

Citigroup upgraded the previous rating for IDEX Corp IEX from Neutral to Buy. IDEX earned $1.61 in the second quarter, compared to $1.10 in the year-ago quarter. The current stock performance of IDEX shows a 52-week-high of $235.76 and a 52-week-low of $166.51. Moreover, at the end of the last trading period, the closing price was at $216.25.

For W&T Offshore Inc WTI, Stifel upgraded the previous rating of Hold to Buy. In the second quarter, W&T Offshore showed an EPS of $0.02, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $5.14 and a 52-week-low of $1.35. At the end of the last trading period, W&T Offshore closed at $4.07.

RBC Capital upgraded the previous rating for Clearwater Paper Corp CLW from Sector Perform to Outperform. For the second quarter, Clearwater Paper had an EPS of $1.07, compared to year-ago quarter EPS of $1.67. The current stock performance of Clearwater Paper shows a 52-week-high of $45.81 and a 52-week-low of $27.30. Moreover, at the end of the last trading period, the closing price was at $36.27.

See all analyst ratings upgrades.

Downgrades

Jefferies downgraded the previous rating for Rio Tinto PLC RIO from Buy to Hold. The current stock performance of Rio Tinto shows a 52-week-high of $95.97 and a 52-week-low of $55.39. Moreover, at the end of the last trading period, the closing price was at $70.89.

Jefferies downgraded the previous rating for Vale SA VALE from Buy to Hold. Vale earned $1.49 in the second quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.18 and a 52-week-low of $10.38. Vale closed at $14.21 at the end of the last trading period.

For Array Technologies Inc ARRY, Barclays downgraded the previous rating of Equal-Weight to Underweight. Interestingly, in the second quarter, Array Technologies's EPS was $0.07. At the moment, the stock has a 52-week-high of $54.78 and a 52-week-low of $12.72. Array Technologies closed at $20.41 at the end of the last trading period.

Wolfe Research downgraded the previous rating for Willis Towers Watson PLC WLTW from Outperform to Peer Perform. For the second quarter, Willis Towers Watson had an EPS of $2.66, compared to year-ago quarter EPS of $1.80. The stock has a 52-week-high of $271.87 and a 52-week-low of $179.31. At the end of the last trading period, Willis Towers Watson closed at $248.10.

JP Morgan downgraded the previous rating for Synchrony Financial SYF from Overweight to Neutral. Synchrony Finl earned $2.00 in the third quarter, compared to $0.63 in the year-ago quarter. The current stock performance of Synchrony Finl shows a 52-week-high of $52.49 and a 52-week-low of $24.47. Moreover, at the end of the last trading period, the closing price was at $52.36.

BTIG downgraded the previous rating for The Western Union Co WU from Buy to Neutral. For the second quarter, The Western Union had an EPS of $0.48, compared to year-ago quarter EPS of $0.41. The stock has a 52-week-high of $26.61 and a 52-week-low of $19.07. At the end of the last trading period, The Western Union closed at $20.17.

For Netflix Inc NFLX, Deutsche Bank downgraded the previous rating of Buy to Hold. For the third quarter, Netflix had an EPS of $3.19, compared to year-ago quarter EPS of $1.74. At the moment, the stock has a 52-week-high of $646.84 and a 52-week-low of $463.41. Netflix closed at $639.00 at the end of the last trading period.

B of A Securities downgraded the previous rating for Ascendis Pharma A/S ASND from Buy to Neutral. In the second quarter, Ascendis Pharma showed an EPS of $3.01, compared to $2.17 from the year-ago quarter. The current stock performance of Ascendis Pharma shows a 52-week-high of $183.98 and a 52-week-low of $109.36. Moreover, at the end of the last trading period, the closing price was at $153.49.

For Apollo Global Management Inc APO, Oppenheimer downgraded the previous rating of Outperform to Perform. In the second quarter, Apollo Global Management showed an EPS of $1.14, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $75.14 and a 52-week-low of $36.35. At the end of the last trading period, Apollo Global Management closed at $73.18.

For Compass Minerals International Inc CMP, BMO Capital downgraded the previous rating of Market Perform to Underperform. In the second quarter, Compass Minerals Intl showed an EPS of $0.49, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $75.44 and a 52-week-low of $54.24. At the end of the last trading period, Compass Minerals Intl closed at $73.07.

For Colfax Corp CFX, RBC Capital downgraded the previous rating of Outperform to Sector Perform. Colfax earned $0.56 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $51.05 and a 52-week-low of $26.45. At the end of the last trading period, Colfax closed at $50.36.

According to Guggenheim, the prior rating for Array Technologies Inc ARRY was changed from Buy to Neutral. Interestingly, in the second quarter, Array Technologies's EPS was $0.07. The current stock performance of Array Technologies shows a 52-week-high of $54.78 and a 52-week-low of $12.72. Moreover, at the end of the last trading period, the closing price was at $20.41.

For Shoals Technologies Group Inc SHLS, Guggenheim downgraded the previous rating of Buy to Neutral. Interestingly, in the second quarter, Shoals Technologies Gr's EPS was $0.09. At the moment, the stock has a 52-week-high of $44.04 and a 52-week-low of $20.94. Shoals Technologies Gr closed at $28.35 at the end of the last trading period.

According to Guggenheim, the prior rating for First Solar Inc FSLR was changed from Buy to Neutral. First Solar earned $0.77 in the second quarter, compared to $0.39 in the year-ago quarter. The current stock performance of First Solar shows a 52-week-high of $112.50 and a 52-week-low of $67.71. Moreover, at the end of the last trading period, the closing price was at $108.28.

For SolarEdge Technologies Inc SEDG, Guggenheim downgraded the previous rating of Buy to Neutral. In the second quarter, SolarEdge Technologies showed an EPS of $1.28, compared to $0.97 from the year-ago quarter. The stock has a 52-week-high of $377.00 and a 52-week-low of $190.10. At the end of the last trading period, SolarEdge Technologies closed at $317.22.

For Atea Pharmaceuticals Inc AVIR, JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Atea Pharmaceuticals showed an EPS of $0.02, compared to $0.99 from the year-ago quarter. The current stock performance of Atea Pharmaceuticals shows a 52-week-high of $94.17 and a 52-week-low of $10.76. Moreover, at the end of the last trading period, the closing price was at $13.82.

HC Wainwright & Co. downgraded the previous rating for Galera Therapeutics Inc GRTX from Buy to Neutral. Galera Therapeutics earned $0.88 in the second quarter, compared to $0.75 in the year-ago quarter. The stock has a 52-week-high of $15.00 and a 52-week-low of $1.96. At the end of the last trading period, Galera Therapeutics closed at $2.25.

Mizuho downgraded the previous rating for Micron Technology Inc MU from Buy to Neutral. Micron Technology earned $2.42 in the fourth quarter, compared to $1.08 in the year-ago quarter. The stock has a 52-week-high of $96.96 and a 52-week-low of $49.30. At the end of the last trading period, Micron Technology closed at $67.57.

According to Goldman Sachs, the prior rating for ZTO Express (Cayman) Inc ZTO was changed from Buy to Neutral. For the second quarter, ZTO Express (Cayman) had an EPS of $0.24, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $38.96 and a 52-week-low of $25.23. At the end of the last trading period, ZTO Express (Cayman) closed at $31.71.

Mizuho downgraded the previous rating for Qorvo Inc QRVO from Buy to Neutral. In the first quarter, Qorvo showed an EPS of $2.83, compared to $1.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $201.68 and a 52-week-low of $124.56. Qorvo closed at $168.76 at the end of the last trading period.

Mizuho downgraded the previous rating for Western Digital Corp WDC from Buy to Neutral. Western Digital earned $2.16 in the fourth quarter, compared to $1.23 in the year-ago quarter. The current stock performance of Western Digital shows a 52-week-high of $78.19 and a 52-week-low of $36.59. Moreover, at the end of the last trading period, the closing price was at $55.65.

See all analyst ratings downgrades.

Initiations

Barclays initiated coverage on Sunlight Financial Holdings Inc SUNL with an Overweight rating. The price target for Sunlight Financial is set to $8.00. Interestingly, in the second quarter, Sunlight Financial's EPS was $0.00. At the moment, the stock has a 52-week-high of $9.97 and a 52-week-low of $4.71. Sunlight Financial closed at $4.96 at the end of the last trading period.

Craig-Hallum initiated coverage on Landos Biopharma Inc LABP with a Buy rating. The price target for Landos Biopharma is set to $45.00. Landos Biopharma earned $0.12 in the second quarter. At the moment, the stock has a 52-week-high of $16.99 and a 52-week-low of $8.82. Landos Biopharma closed at $14.92 at the end of the last trading period.

Canaccord Genuity initiated coverage on Quantum-Si Inc QSI with a Buy rating. The price target for Quantum-Si is set to $13.00. For the second quarter, Quantum-Si had an EPS of $3.05, compared to year-ago quarter EPS of $1.53. At the moment, the stock has a 52-week-high of $14.17 and a 52-week-low of $7.43. Quantum-Si closed at $8.51 at the end of the last trading period.

Berenberg initiated coverage on First Industrial Realty Trust Inc FR with a Buy rating. The price target for First Industrial Realty is set to $66.00. First Industrial Realty earned No EPS Value in the third quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $57.48 and a 52-week-low of $39.24. At the end of the last trading period, First Industrial Realty closed at $57.04.

Berenberg initiated coverage on INDUS Realty Trust Inc INDT with a Buy rating. The price target for INDUS Realty Trust is set to $77.00. INDUS Realty Trust earned $0.15 in the second quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.39 and a 52-week-low of $56.30. INDUS Realty Trust closed at $66.28 at the end of the last trading period.

With a Buy rating, Berenberg initiated coverage on EastGroup Properties Inc EGP. The price target seems to have been set at $215.00 for EastGroup Properties. In the second quarter, EastGroup Properties showed an EPS of $1.47, compared to $1.33 from the year-ago quarter. The current stock performance of EastGroup Properties shows a 52-week-high of $185.93 and a 52-week-low of $130.64. Moreover, at the end of the last trading period, the closing price was at $184.22.

Benchmark initiated coverage on Quipt Home Medical Corp QIPT with a Buy rating. The price target for Quipt Home Medical is set to $7.50. In the third quarter, Quipt Home Medical earned $0.19. The current stock performance of Quipt Home Medical shows a 52-week-high of $7.72 and a 52-week-low of $5.10. Moreover, at the end of the last trading period, the closing price was at $5.72.

With a Equal-Weight rating, Wells Fargo initiated coverage on UGI Corp UGI. The price target seems to have been set at $46.00 for UGI. For the third quarter, UGI had an EPS of $0.13, compared to year-ago quarter EPS of $0.08. The current stock performance of UGI shows a 52-week-high of $48.55 and a 52-week-low of $31.84. Moreover, at the end of the last trading period, the closing price was at $44.66.

With a Buy rating, Truist Securities initiated coverage on Cyclerion Therapeutics Inc CYCN. The price target seems to have been set at $14.00 for Cyclerion Therapeutics. For the second quarter, Cyclerion Therapeutics had an EPS of $0.43, compared to year-ago quarter EPS of $0.70. The stock has a 52-week-high of $6.90 and a 52-week-low of $2.08. At the end of the last trading period, Cyclerion Therapeutics closed at $2.66.

With a Market Outperform rating, JMP Securities initiated coverage on INDUS Realty Trust Inc INDT. The price target seems to have been set at $80.00 for INDUS Realty Trust. INDUS Realty Trust earned $0.15 in the second quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $75.39 and a 52-week-low of $56.30. At the end of the last trading period, INDUS Realty Trust closed at $66.28.

Jefferies initiated coverage on CareMax Inc CMAX with a Buy rating. The price target for CareMax is set to $15.00. In the second quarter, CareMax showed an EPS of $0.26, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.91 and a 52-week-low of $6.53. CareMax closed at $7.96 at the end of the last trading period.

BMO Capital initiated coverage on Jasper Therapeutics Inc JSPR with an Outperform rating. The price target for Jasper Therapeutics is set to $19.00. The current stock performance of Jasper Therapeutics shows a 52-week-high of Missing 52-Week High and a 52-week-low of Missing 52-Week Low . Moreover, at the end of the last trading period, the closing price was at $13.58.

With an Overweight rating, JP Morgan initiated coverage on Materialise NV MTLS. The price target seems to have been set at $28.00 for Materialise. For the second quarter, Materialise had an EPS of $0.07, compared to year-ago quarter EPS of $0.04. The current stock performance of Materialise shows a 52-week-high of $87.40 and a 52-week-low of $18.50. Moreover, at the end of the last trading period, the closing price was at $22.09.

With a Buy rating, HC Wainwright & Co. initiated coverage on Compass Therapeutics Inc CMPX. The price target seems to have been set at $11.00 for Compass Therapeutics. The stock has a 52-week-high of $7.00 and a 52-week-low of $3.00. At the end of the last trading period, Compass Therapeutics closed at $3.25.

With a Buy rating, Jefferies initiated coverage on Agilon Health Inc AGL. The price target seems to have been set at $35.00 for Agilon Health. Agilon Health earned $0.79 in the second quarter. At the moment, the stock has a 52-week-high of $44.83 and a 52-week-low of $20.81. Agilon Health closed at $23.57 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on Oak Street Health Inc OSH. The price target seems to have been set at $50.00 for Oak Street Health. Oak Street Health earned $0.44 in the second quarter, compared to $72.53 in the year-ago quarter. The stock has a 52-week-high of $66.31 and a 52-week-low of $35.67. At the end of the last trading period, Oak Street Health closed at $42.21.

Jefferies initiated coverage on Cano Health Inc CANO with a Buy rating. The price target for Cano Health is set to $17.00. In the second quarter, Cano Health earned $0.03. At the moment, the stock has a 52-week-high of $16.17 and a 52-week-low of $9.20. Cano Health closed at $10.97 at the end of the last trading period.

Goldman Sachs initiated coverage on Hyzon Motors Inc HYZN with a Neutral rating. The price target for Hyzon Motors is set to $7.00. Interestingly, in the second quarter, Hyzon Motors's EPS was $0.10. The stock has a 52-week-high of Missing 52-Week High and a 52-week-low of Missing 52-Week Low . At the end of the last trading period, Hyzon Motors closed at $5.69.

With a Neutral rating, Goldman Sachs initiated coverage on Gatos Silver Inc GATO. The price target seems to have been set at $14.00 for Gatos Silver. Interestingly, in the second quarter, Gatos Silver's EPS was $0.23. The current stock performance of Gatos Silver shows a 52-week-high of $24.00 and a 52-week-low of $5.95. Moreover, at the end of the last trading period, the closing price was at $12.13.

With an Outperform rating, Oppenheimer initiated coverage on Immunocore Holdings PLC IMCR. The price target seems to have been set at $56.00 for Immunocore Holdings. Immunocore Holdings earned $1.45 in the second quarter. The current stock performance of Immunocore Holdings shows a 52-week-high of $61.99 and a 52-week-low of $27.77. Moreover, at the end of the last trading period, the closing price was at $38.02.

With an Overweight rating, Keybanc initiated coverage on Indie Semiconductor Inc INDI. The price target seems to have been set at $18.00 for Indie Semiconductor. Interestingly, in the second quarter, Indie Semiconductor's EPS was $0.16. The stock has a 52-week-high of $12.70 and a 52-week-low of $8.00. At the end of the last trading period, Indie Semiconductor closed at $11.10.

With a Buy rating, Needham initiated coverage on Cadence Design Systems Inc CDNS. The price target seems to have been set at $183.00 for Cadence Design Systems. Cadence Design Systems earned $0.86 in the second quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $168.61 and a 52-week-low of $105.93. Cadence Design Systems closed at $158.83 at the end of the last trading period.

Needham initiated coverage on Synopsys Inc SNPS with a Buy rating. The price target for Synopsys is set to $360.00. In the third quarter, Synopsys showed an EPS of $1.81, compared to $1.74 from the year-ago quarter. The stock has a 52-week-high of $340.66 and a 52-week-low of $211.20. At the end of the last trading period, Synopsys closed at $311.00.

See all analyst ratings initiations.