Benzinga's Top Ratings Upgrades, Downgrades For November 7, 2022

Upgrades

Guggenheim upgraded the previous rating for Okta Inc OKTA from Neutral to Buy. For the second quarter, Okta had an EPS of $0.10, compared to year-ago quarter EPS of $0.11. The current stock performance of Okta shows a 52-week-high of $226.49 and a 52-week-low of $44.12. Moreover, at the end of the last trading period, the closing price was at $45.02.

For Fluor Corp FLR, DA Davidson upgraded the previous rating of Neutral to Buy. For the third quarter, Fluor had an EPS of $0.07, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $31.32 and a 52-week-low of $19.80. At the end of the last trading period, Fluor closed at $31.73.

For DoorDash Inc DASH, Oppenheimer upgraded the previous rating of Perform to Outperform. For the third quarter, DoorDash had an EPS of $0.77, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $152.50 and a 52-week-low of $41.37. At the end of the last trading period, DoorDash closed at $51.57.

According to Atlantic Equities, the prior rating for S&P Global Inc SPGI was changed from Neutral to Overweight. S&P Global earned $2.93 in the third quarter, compared to $3.54 in the year-ago quarter. The stock has a 52-week-high of $472.83 and a 52-week-low of $279.32. At the end of the last trading period, S&P Global closed at $316.40.

According to Argus Research, the prior rating for Church & Dwight Co Inc CHD was changed from Hold to Buy. Church & Dwight Co earned $0.76 in the third quarter, compared to $0.80 in the year-ago quarter. At the moment, the stock has a 52-week-high of $105.28 and a 52-week-low of $70.16. Church & Dwight Co closed at $71.40 at the end of the last trading period.

Wolfe Research upgraded the previous rating for Spirit AeroSystems Holdings Inc SPR from Underperform to Peer Perform. Spirit AeroSystems Hldgs earned $0.15 in the third quarter, compared to $1.13 in the year-ago quarter. The stock has a 52-week-high of $53.31 and a 52-week-low of $21.14. At the end of the last trading period, Spirit AeroSystems Hldgs closed at $23.43.

Wolfe Research upgraded the previous rating for Coterra Energy Inc CTRA from Underperform to Peer Perform. Coterra Energy earned $1.42 in the third quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Coterra Energy shows a 52-week-high of $36.55 and a 52-week-low of $18.39. Moreover, at the end of the last trading period, the closing price was at $28.93.

For Workday Inc WDAY, Guggenheim upgraded the previous rating of Sell to Neutral. For the second quarter, Workday had an EPS of $0.83, compared to year-ago quarter EPS of $1.23. The current stock performance of Workday shows a 52-week-high of $272.50 and a 52-week-low of $128.72. Moreover, at the end of the last trading period, the closing price was at $132.63.

Jefferies upgraded the previous rating for ACM Research Inc ACMR from Underperform to Hold. For the third quarter, ACM Research had an EPS of $0.42, compared to year-ago quarter EPS of $0.19. The current stock performance of ACM Research shows a 52-week-high of $91.59 and a 52-week-low of $5.46. Moreover, at the end of the last trading period, the closing price was at $6.61.

Itau BBA upgraded the previous rating for Meta Platforms Inc META from Market Perform to Outperform. For the third quarter, Meta Platforms had an EPS of $1.64, compared to year-ago quarter EPS of $3.22. The current stock performance of Meta Platforms shows a 52-week-high of $199.45 and a 52-week-low of $11.73. Moreover, at the end of the last trading period, the closing price was at $90.79.

Wells Fargo upgraded the previous rating for NOV Inc NOV from Underweight to Equal-Weight. For the third quarter, NOV had an EPS of $0.08, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $24.06 and a 52-week-low of $13.62. NOV closed at $23.22 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Northcoast Research downgraded the previous rating for Papa John's International Inc PZZA from Buy to Neutral. Papa John's International earned $0.54 in the third quarter, compared to $0.83 in the year-ago quarter. The stock has a 52-week-high of $133.40 and a 52-week-low of $66.74. At the end of the last trading period, Papa John's International closed at $75.52.

According to Scotiabank, the prior rating for Westlake Corp WLK was changed from Sector Perform to Sector Underperform. In the third quarter, Westlake showed an EPS of $3.10, compared to $4.69 from the year-ago quarter. The current stock performance of Westlake shows a 52-week-high of $141.19 and a 52-week-low of $81.28. Moreover, at the end of the last trading period, the closing price was at $100.01.

For Catalent Inc CTLT, Argus Research downgraded the previous rating of Buy to Hold. Catalent earned $0.34 in the first quarter, compared to $0.71 in the year-ago quarter. The current stock performance of Catalent shows a 52-week-high of $128.26 and a 52-week-low of $41.10. Moreover, at the end of the last trading period, the closing price was at $42.45.

Susquehanna downgraded the previous rating for Greenbrier Companies Inc GBX from Positive to Neutral. Greenbrier Companies earned $0.60 in the fourth quarter, compared to $0.98 in the year-ago quarter. The current stock performance of Greenbrier Companies shows a 52-week-high of $53.45 and a 52-week-low of $23.80. Moreover, at the end of the last trading period, the closing price was at $37.69.

For Otis Worldwide Corp OTIS, Argus Research downgraded the previous rating of Buy to Hold. For the third quarter, Otis Worldwide had an EPS of $0.80, compared to year-ago quarter EPS of $0.77. At the moment, the stock has a 52-week-high of $88.22 and a 52-week-low of $62.49. Otis Worldwide closed at $73.22 at the end of the last trading period.

According to Raymond James, the prior rating for United States Cellular Corp USM was changed from Strong Buy to Market Perform. In the third quarter, United States Cellular showed an EPS of $0.15, compared to $0.38 from the year-ago quarter. The stock has a 52-week-high of $33.00 and a 52-week-low of $21.91. At the end of the last trading period, United States Cellular closed at $24.09.

Raymond James downgraded the previous rating for Ruth's Hospitality Group Inc RUTH from Strong Buy to Market Perform. Ruth's Hospitality Group earned $0.16 in the third quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Ruth's Hospitality Group shows a 52-week-high of $24.93 and a 52-week-low of $15.16. Moreover, at the end of the last trading period, the closing price was at $18.96.

For Galapagos NV GLPG, Raymond James downgraded the previous rating of Outperform to Market Perform. In the third quarter, Galapagos showed an EPS of $0.33, compared to $1.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.11 and a 52-week-low of $41.10. Galapagos closed at $42.75 at the end of the last trading period.

For Idacorp Inc IDA, B of A Securities downgraded the previous rating of Buy to Neutral. In the third quarter, Idacorp showed an EPS of $2.10, compared to $1.93 from the year-ago quarter. The stock has a 52-week-high of $118.92 and a 52-week-low of $93.53. At the end of the last trading period, Idacorp closed at $103.80.

According to Piper Sandler, the prior rating for The Hanover Insurance Group Inc THG was changed from Overweight to Neutral. For the third quarter, Hanover Insurance Gr had an EPS of $0.99, compared to year-ago quarter EPS of $0.85. At the moment, the stock has a 52-week-high of $155.55 and a 52-week-low of $123.36. Hanover Insurance Gr closed at $144.33 at the end of the last trading period.

B of A Securities downgraded the previous rating for Funko Inc FNKO from Buy to Neutral. Funko earned $0.28 in the third quarter, compared to $0.39 in the year-ago quarter. The current stock performance of Funko shows a 52-week-high of $27.79 and a 52-week-low of $7.76. Moreover, at the end of the last trading period, the closing price was at $7.92.

Scotiabank downgraded the previous rating for TELUS International (Cda) Inc TIXT from Sector Outperform to Sector Perform. For the third quarter, TELUS Intl had an EPS of $0.32, compared to year-ago quarter EPS of $0.26. At the moment, the stock has a 52-week-high of $34.45 and a 52-week-low of $20.73. TELUS Intl closed at $22.15 at the end of the last trading period.

Scotiabank downgraded the previous rating for Huntsman Corp HUN from Sector Outperform to Sector Perform. In the third quarter, Huntsman showed an EPS of $0.71, compared to $1.08 from the year-ago quarter. The current stock performance of Huntsman shows a 52-week-high of $41.65 and a 52-week-low of $23.54. Moreover, at the end of the last trading period, the closing price was at $27.12.

For MACOM Technology Solutions Holdings Inc MTSI, Benchmark downgraded the previous rating of Buy to Hold. MACOM Technology Solns earned $0.77 in the fourth quarter, compared to $0.61 in the year-ago quarter. The current stock performance of MACOM Technology Solns shows a 52-week-high of $80.00 and a 52-week-low of $42.85. Moreover, at the end of the last trading period, the closing price was at $64.59.

Stephens & Co. downgraded the previous rating for Univest Financial Corp UVSP from Overweight to Equal-Weight. For the third quarter, Univest Financial had an EPS of $0.69, compared to year-ago quarter EPS of $0.72. The stock has a 52-week-high of $31.93 and a 52-week-low of $23.48. At the end of the last trading period, Univest Financial closed at $29.06.

According to Stephens & Co., the prior rating for Linkbancorp Inc LNKB was changed from Overweight to Equal-Weight. For the third quarter, Linkbancorp had an EPS of $0.17, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $11.95 and a 52-week-low of $7.09. Linkbancorp closed at $8.43 at the end of the last trading period.

Susquehanna downgraded the previous rating for Trinity Industries Inc TRN from Positive to Neutral. For the third quarter, Trinity Industries had an EPS of $0.34, compared to year-ago quarter EPS of $0.29. The current stock performance of Trinity Industries shows a 52-week-high of $35.35 and a 52-week-low of $20.94. Moreover, at the end of the last trading period, the closing price was at $29.73.

For GATX Corp GATX, Susquehanna downgraded the previous rating of Positive to Neutral. In the third quarter, GATX showed an EPS of $1.12, compared to $1.11 from the year-ago quarter. The current stock performance of GATX shows a 52-week-high of $127.58 and a 52-week-low of $84.96. Moreover, at the end of the last trading period, the closing price was at $105.75.

For Elevation Oncology Inc ELEV, SVB Leerink downgraded the previous rating of Outperform to Market Perform. For the third quarter, Elevation Oncology had an EPS of $1.67, compared to year-ago quarter EPS of $0.53. The stock has a 52-week-high of $6.87 and a 52-week-low of $0.91. At the end of the last trading period, Elevation Oncology closed at $0.95.

According to JP Morgan, the prior rating for Dominion Energy Inc D was changed from Overweight to Neutral. Dominion Energy earned $1.11 in the third quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $88.78 and a 52-week-low of $61.70. At the end of the last trading period, Dominion Energy closed at $67.13.

For Redfin Corp RDFN, Oppenheimer downgraded the previous rating of Perform to Underperform. Redfin earned $0.73 in the second quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.79 and a 52-week-low of $3.75. Redfin closed at $4.02 at the end of the last trading period.

For Telephone and Data Systems Inc TDS, Raymond James downgraded the previous rating of Strong Buy to Market Perform. In the third quarter, Telephone and Data showed an EPS of $0.22, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.47 and a 52-week-low of $11.17. Telephone and Data closed at $12.28 at the end of the last trading period.

For Costco Wholesale Corp COST, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. For the fourth quarter, Costco Wholesale had an EPS of $4.20, compared to year-ago quarter EPS of $3.90. The stock has a 52-week-high of $612.27 and a 52-week-low of $406.51. At the end of the last trading period, Costco Wholesale closed at $486.41.

According to Credit Suisse, the prior rating for Dominion Energy Inc D was changed from Outperform to Neutral. For the third quarter, Dominion Energy had an EPS of $1.11, compared to year-ago quarter EPS of $1.11. The stock has a 52-week-high of $88.78 and a 52-week-low of $61.70. At the end of the last trading period, Dominion Energy closed at $67.13.

According to Wolfe Research, the prior rating for Dominion Energy Inc D was changed from Outperform to Peer Perform. In the third quarter, Dominion Energy showed an EPS of $1.11, compared to $1.11 from the year-ago quarter. The current stock performance of Dominion Energy shows a 52-week-high of $88.78 and a 52-week-low of $61.70. Moreover, at the end of the last trading period, the closing price was at $67.13.

For Shell PLC SHEL, Goldman Sachs downgraded the previous rating of Buy to Neutral. Shell earned $2.60 in the third quarter, compared to $1.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $61.67 and a 52-week-low of $44.90. Shell closed at $57.06 at the end of the last trading period.

RBC Capital downgraded the previous rating for Adient PLC ADNT from Outperform to Sector Perform. Adient earned $0.53 in the fourth quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $50.96 and a 52-week-low of $27.15. At the end of the last trading period, Adient closed at $37.96.

Berenberg downgraded the previous rating for The Estee Lauder Companies Inc EL from Buy to Hold. Estee Lauder Cos earned $1.37 in the first quarter, compared to $1.89 in the year-ago quarter. The current stock performance of Estee Lauder Cos shows a 52-week-high of $374.20 and a 52-week-low of $186.47. Moreover, at the end of the last trading period, the closing price was at $210.53.

Piper Sandler downgraded the previous rating for AvalonBay Communities Inc AVB from Neutral to Underweight. In the third quarter, AvalonBay Communities showed an EPS of $2.50, compared to $2.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $259.05 and a 52-week-low of $160.62. AvalonBay Communities closed at $167.29 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Morgan Stanley initiated coverage on Boston Beer Co Inc SAM with an Underweight rating. The price target for Boston Beer Co is set to $300.00. In the third quarter, Boston Beer Co showed an EPS of $3.82, compared to $2.97 from the year-ago quarter. The stock has a 52-week-high of $535.00 and a 52-week-low of $287.00. At the end of the last trading period, Boston Beer Co closed at $375.51.

For Datadog Inc DDOG, Wolfe Research initiated coverage, by setting the current rating at Peer Perform. Datadog earned $0.23 in the third quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $184.70 and a 52-week-low of $68.70. Datadog closed at $70.38 at the end of the last trading period.

Wolfe Research initiated coverage on Splunk Inc SPLK with an Outperform rating. The price target for Splunk is set to $90.00. In the second quarter, Splunk showed an EPS of $0.09, compared to $0.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $150.79 and a 52-week-low of $65.00. Splunk closed at $72.03 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Draganfly Inc DPRO with a Buy rating. The price target for Draganfly is set to $1.50. In the second quarter, Draganfly showed an EPS of $0.01, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.84 and a 52-week-low of $0.59. Draganfly closed at $0.70 at the end of the last trading period.

See all analyst ratings initiations.