Benzinga's Top Ratings Upgrades, Downgrades For December 5, 2022

Upgrades

According to JP Morgan, the prior rating for Callon Petroleum Co CPE was changed from Underweight to Neutral. Callon Petroleum earned $4.04 in the third quarter, compared to $2.93 in the year-ago quarter. The stock has a 52-week-high of $66.48 and a 52-week-low of $31.23. At the end of the last trading period, Callon Petroleum closed at $41.23.

JP Morgan upgraded the previous rating for Murphy Oil Corp MUR from Neutral to Overweight. Murphy Oil earned $1.84 in the third quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $51.28 and a 52-week-low of $23.50. At the end of the last trading period, Murphy Oil closed at $45.68.

Morgan Stanley upgraded the previous rating for United Airlines Holdings Inc UAL from Equal-Weight to Overweight. United Airlines Holdings earned $2.81 in the third quarter, compared to $1.02 in the year-ago quarter. The stock has a 52-week-high of $53.12 and a 52-week-low of $30.54. At the end of the last trading period, United Airlines Holdings closed at $43.89.

According to Morgan Stanley, the prior rating for Huntington Bancshares Inc HBAN was changed from Equal-Weight to Overweight. Huntington Bancshares earned $0.39 in the third quarter, compared to $0.35 in the year-ago quarter. The current stock performance of Huntington Bancshares shows a 52-week-high of $17.79 and a 52-week-low of $11.67. Moreover, at the end of the last trading period, the closing price was at $15.46.

BTIG upgraded the previous rating for Domino's Pizza Inc DPZ from Neutral to Buy. For the third quarter, Domino's Pizza had an EPS of $2.79, compared to year-ago quarter EPS of $3.24. The stock has a 52-week-high of $567.57 and a 52-week-low of $299.41. At the end of the last trading period, Domino's Pizza closed at $382.76.

For MGM Resorts International MGM, Truist Securities upgraded the previous rating of Hold to Buy. For the third quarter, MGM Resorts Intl had an EPS of $1.39, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $49.00 and a 52-week-low of $26.41. At the end of the last trading period, MGM Resorts Intl closed at $37.08.

For Ritchie Bros Auctioneers Inc RBA, Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. In the third quarter, Ritchie Bros Auctioneers showed an EPS of $0.53, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.73 and a 52-week-low of $48.65. Ritchie Bros Auctioneers closed at $54.45 at the end of the last trading period.

For Comcast Corp CMCSA, Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. Comcast earned $0.96 in the third quarter, compared to $0.87 in the year-ago quarter. The stock has a 52-week-high of $53.31 and a 52-week-low of $28.39. At the end of the last trading period, Comcast closed at $35.86.

See all analyst ratings upgrades.

Downgrades

According to Loop Capital, the prior rating for NetApp Inc NTAP was changed from Buy to Hold. For the second quarter, NetApp had an EPS of $1.48, compared to year-ago quarter EPS of $1.28. At the moment, the stock has a 52-week-high of $96.82 and a 52-week-low of $60.56. NetApp closed at $66.43 at the end of the last trading period.

JP Morgan downgraded the previous rating for Laredo Petroleum Inc LPI from Neutral to Underweight. Laredo Petroleum earned $5.30 in the third quarter, compared to $1.84 in the year-ago quarter. The stock has a 52-week-high of $120.86 and a 52-week-low of $51.23. At the end of the last trading period, Laredo Petroleum closed at $61.54.

B of A Securities downgraded the previous rating for Liberty Global PLC LBTYA from Buy to Neutral. For the third quarter, Liberty Global had an EPS of $4.87, compared to year-ago quarter EPS of $0.48. The stock has a 52-week-high of $29.08 and a 52-week-low of $15.22. At the end of the last trading period, Liberty Global closed at $19.63.

According to JP Morgan, the prior rating for Imperial Oil Ltd IMO was changed from Neutral to Underweight. For the third quarter, Imperial Oil had an EPS of $2.48, compared to year-ago quarter EPS of $1.02. The current stock performance of Imperial Oil shows a 52-week-high of $58.98 and a 52-week-low of $31.71. Moreover, at the end of the last trading period, the closing price was at $55.93.

JP Morgan downgraded the previous rating for Spire Inc SR from Overweight to Neutral. Spire earned $0.66 in the fourth quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.24 and a 52-week-low of $59.88. Spire closed at $68.74 at the end of the last trading period.

Vertical Research downgraded the previous rating for Wabash National Corp WNC from Buy to Hold. For the third quarter, Wabash National had an EPS of $0.73, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $26.20 and a 52-week-low of $12.23. Wabash National closed at $25.99 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Allegiant Travel Co ALGT from Overweight to Equal-Weight. For the third quarter, Allegiant Travel had an EPS of $0.54, compared to year-ago quarter EPS of $0.66. At the moment, the stock has a 52-week-high of $196.66 and a 52-week-low of $63.78. Allegiant Travel closed at $81.90 at the end of the last trading period.

According to RBC Capital, the prior rating for Canadian Imperial Bank of Commerce CM was changed from Outperform to Sector Perform. Canadian Imperial Bank earned $1.05 in the fourth quarter, compared to $1.34 in the year-ago quarter. The stock has a 52-week-high of $132.48 and a 52-week-low of $39.72. At the end of the last trading period, Canadian Imperial Bank closed at $44.13.

According to B of A Securities, the prior rating for Angel Oak Mortgage Inc AOMR was changed from Buy to Underperform. For the third quarter, Angel Oak Mortgage had an EPS of $0.84, compared to year-ago quarter EPS of $0.25. The stock has a 52-week-high of $17.93 and a 52-week-low of $6.42. At the end of the last trading period, Angel Oak Mortgage closed at $6.65.

According to Goldman Sachs, the prior rating for Daqo New Energy Corp DQ was changed from Buy to Neutral. Daqo New Energy earned $7.70 in the third quarter, compared to $3.84 in the year-ago quarter. The stock has a 52-week-high of $77.18 and a 52-week-low of $32.20. At the end of the last trading period, Daqo New Energy closed at $54.03.

According to Deutsche Bank, the prior rating for Starbucks Corp SBUX was changed from Buy to Hold. In the fourth quarter, Starbucks showed an EPS of $0.81, compared to $1.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $117.80 and a 52-week-low of $68.39. Starbucks closed at $105.05 at the end of the last trading period.

Deutsche Bank downgraded the previous rating for Terex Corp TEX from Buy to Hold. For the third quarter, Terex had an EPS of $1.20, compared to year-ago quarter EPS of $0.67. The stock has a 52-week-high of $47.48 and a 52-week-low of $26.64. At the end of the last trading period, Terex closed at $46.04.

See all analyst ratings downgrades.

Initiations

ThinkEquity initiated coverage on Vivani Medical Inc VANI with a Buy rating. The price target for Vivani Medical is set to $7.00. Vivani Medical earned $0.04 in the third quarter, compared to $0.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.20 and a 52-week-low of $1.29. Vivani Medical closed at $1.38 at the end of the last trading period.

Morgan Stanley initiated coverage on Cadence Bank CADE with a Equal-Weight rating. The price target for Cadence Bank is set to $32.00. In the third quarter, Cadence Bank showed an EPS of $0.78, compared to $0.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.24 and a 52-week-low of $22.04. Cadence Bank closed at $29.12 at the end of the last trading period.

Morgan Stanley initiated coverage on Valley National Bancorp VLY with a Equal-Weight rating. The price target for Valley National is set to $14.00. Valley National earned $0.35 in the third quarter, compared to $0.30 in the year-ago quarter. The current stock performance of Valley National shows a 52-week-high of $15.10 and a 52-week-low of $10.01. Moreover, at the end of the last trading period, the closing price was at $12.49.

Morgan Stanley initiated coverage on East West Bancorp Inc EWBC with a Equal-Weight rating. The price target for East West Bancorp is set to $84.00. For the third quarter, East West Bancorp had an EPS of $2.08, compared to year-ago quarter EPS of $1.57. At the moment, the stock has a 52-week-high of $93.51 and a 52-week-low of $61.65. East West Bancorp closed at $68.82 at the end of the last trading period.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Zions Bancorp NA ZION. The price target seems to have been set at $65.00 for Zions Bancorp. Zions Bancorp earned $1.40 in the third quarter, compared to $1.45 in the year-ago quarter. The stock has a 52-week-high of $75.44 and a 52-week-low of $46.58. At the end of the last trading period, Zions Bancorp closed at $52.25.

Morgan Stanley initiated coverage on Cullen/Frost Bankers Inc CFR with an Overweight rating. The price target for Cullen/Frost Bankers is set to $178.00. Cullen/Frost Bankers earned $2.59 in the third quarter, compared to $1.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $160.60 and a 52-week-low of $112.67. Cullen/Frost Bankers closed at $141.45 at the end of the last trading period.

Morgan Stanley initiated coverage on Webster Financial Corp WBS with an Overweight rating. The price target for Webster Finl is set to $70.00. In the third quarter, Webster Finl showed an EPS of $1.46, compared to $1.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $65.00 and a 52-week-low of $40.72. Webster Finl closed at $53.84 at the end of the last trading period.

With a Buy rating, Craig-Hallum initiated coverage on Rent-A-Center Inc RCII. The price target seems to have been set at $40.00 for Rent-A-Center. For the third quarter, Rent-A-Center had an EPS of $0.94, compared to year-ago quarter EPS of $1.52. At the moment, the stock has a 52-week-high of $51.98 and a 52-week-low of $16.82. Rent-A-Center closed at $23.62 at the end of the last trading period.

For Denali Therapeutics Inc DNLI, Cowen & Co. initiated coverage, by setting the current rating at Outperform. For the third quarter, Denali Therapeutics had an EPS of $0.84, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $48.46 and a 52-week-low of $20.24. At the end of the last trading period, Denali Therapeutics closed at $32.63.

Morgan Stanley initiated coverage on New York Community Bancorp Inc NYCB with a Equal-Weight rating. The price target for New York Community is set to $10.00. For the third quarter, New York Community had an EPS of $0.31, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $13.56 and a 52-week-low of $8.17. New York Community closed at $9.05 at the end of the last trading period.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Synovus Financial Corp SNV. The price target seems to have been set at $44.00 for Synovus Finl. Synovus Finl earned $1.34 in the third quarter, compared to $1.20 in the year-ago quarter. The current stock performance of Synovus Finl shows a 52-week-high of $54.40 and a 52-week-low of $34.15. Moreover, at the end of the last trading period, the closing price was at $41.81.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Prosperity Bancshares Inc PB. The price target seems to have been set at $69.00 for Prosperity Bancshares. For the third quarter, Prosperity Bancshares had an EPS of $1.49, compared to year-ago quarter EPS of $1.39. The current stock performance of Prosperity Bancshares shows a 52-week-high of $80.46 and a 52-week-low of $64.69. Moreover, at the end of the last trading period, the closing price was at $75.20.

Morgan Stanley initiated coverage on Hyatt Hotels Corp H with an Overweight rating. The price target for Hyatt Hotels is set to $136.00. Hyatt Hotels earned $0.64 in the third quarter, compared to $2.31 in the year-ago quarter. The stock has a 52-week-high of $108.10 and a 52-week-low of $70.12. At the end of the last trading period, Hyatt Hotels closed at $99.63.

With an Overweight rating, Morgan Stanley initiated coverage on Wyndham Hotels & Resorts Inc WH. The price target seems to have been set at $87.00 for Wyndham Hotels & Resorts. For the third quarter, Wyndham Hotels & Resorts had an EPS of $1.21, compared to year-ago quarter EPS of $1.16. The stock has a 52-week-high of $93.86 and a 52-week-low of $58.81. At the end of the last trading period, Wyndham Hotels & Resorts closed at $72.76.

With an Underweight rating, Morgan Stanley initiated coverage on Sunstone Hotel Investors Inc SHO. The price target seems to have been set at $10.00 for Sunstone Hotel Invts. In the third quarter, Sunstone Hotel Invts showed an EPS of $0.24, compared to $0.10 from the year-ago quarter. The current stock performance of Sunstone Hotel Invts shows a 52-week-high of $12.72 and a 52-week-low of $9.24. Moreover, at the end of the last trading period, the closing price was at $10.88.

With an Underweight rating, Morgan Stanley initiated coverage on Pebblebrook Hotel Trust PEB. The price target seems to have been set at $15.00 for Pebblebrook Hotel. In the third quarter, Pebblebrook Hotel showed an EPS of $0.66, compared to $0.16 from the year-ago quarter. The current stock performance of Pebblebrook Hotel shows a 52-week-high of $26.14 and a 52-week-low of $14.01. Moreover, at the end of the last trading period, the closing price was at $16.23.

With an Overweight rating, Morgan Stanley initiated coverage on Marriott International Inc MAR. The price target seems to have been set at $190.00 for Marriott Intl. Marriott Intl earned $1.69 in the third quarter, compared to $0.99 in the year-ago quarter. The stock has a 52-week-high of $195.90 and a 52-week-low of $131.01. At the end of the last trading period, Marriott Intl closed at $165.63.

With an Underweight rating, Morgan Stanley initiated coverage on Xenia Hotels & Resorts Inc XHR. The price target seems to have been set at $13.00 for Xenia Hotels & Resorts. For the third quarter, Xenia Hotels & Resorts had an EPS of $0.31, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $20.36 and a 52-week-low of $13.18. At the end of the last trading period, Xenia Hotels & Resorts closed at $15.22.

Morgan Stanley initiated coverage on Park Hotels & Resorts Inc PK with a Equal-Weight rating. The price target for Park Hotels & Resorts is set to $15.00. In the third quarter, Park Hotels & Resorts showed an EPS of $0.42, compared to $0.02 from the year-ago quarter. The current stock performance of Park Hotels & Resorts shows a 52-week-high of $20.57 and a 52-week-low of $10.98. Moreover, at the end of the last trading period, the closing price was at $12.63.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Choice Hotels International Inc CHH. The price target seems to have been set at $137.00 for Choice Hotels Intl. In the third quarter, Choice Hotels Intl showed an EPS of $1.56, compared to $1.51 from the year-ago quarter. At the moment, the stock has a 52-week-high of $157.46 and a 52-week-low of $104.15. Choice Hotels Intl closed at $121.90 at the end of the last trading period.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Host Hotels & Resorts Inc HST. The price target seems to have been set at $20.00 for Host Hotels & Resorts. In the third quarter, Host Hotels & Resorts showed an EPS of $0.38, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.63 and a 52-week-low of $15.10. Host Hotels & Resorts closed at $18.57 at the end of the last trading period.

Morgan Stanley initiated coverage on Diamondrock Hospitality Co DRH with a Equal-Weight rating. The price target for Diamondrock Hospitality is set to $10.00. For the third quarter, Diamondrock Hospitality had an EPS of $0.28, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $11.14 and a 52-week-low of $7.18. Diamondrock Hospitality closed at $9.25 at the end of the last trading period.

EF Hutton initiated coverage on Werewolf Therapeutics Inc HOWL with a Buy rating. The price target for Werewolf Therapeutics is set to $8.30. In the third quarter, Werewolf Therapeutics showed an EPS of $0.40, compared to $0.51 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.89 and a 52-week-low of $1.62. Werewolf Therapeutics closed at $1.77 at the end of the last trading period.

Raymond James initiated coverage on RXO Inc RXO with a Market Perform rating. At the moment, the stock has a 52-week-high of $20.86 and a 52-week-low of $15.17. RXO closed at $18.69 at the end of the last trading period.

Wells Fargo initiated coverage on Travere Therapeutics Inc TVTX with an Overweight rating. The price target for Travere Therapeutics is set to $28.00. Travere Therapeutics earned $0.76 in the third quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $31.65 and a 52-week-low of $18.70. At the end of the last trading period, Travere Therapeutics closed at $20.08.

With an Overweight rating, Wells Fargo initiated coverage on Chinook Therapeutics Inc KDNY. The price target seems to have been set at $30.00 for Chinook Therapeutics. In the third quarter, Chinook Therapeutics showed an EPS of $0.83, compared to $0.69 from the year-ago quarter. The current stock performance of Chinook Therapeutics shows a 52-week-high of $23.86 and a 52-week-low of $11.16. Moreover, at the end of the last trading period, the closing price was at $23.56.

With an Outperform rating, RBC Capital initiated coverage on Foot Locker Inc FL. The price target seems to have been set at $3.25 for Foot Locker. In the third quarter, Foot Locker showed an EPS of $1.27, compared to $1.93 from the year-ago quarter. The current stock performance of Foot Locker shows a 52-week-high of $47.42 and a 52-week-low of $23.85. Moreover, at the end of the last trading period, the closing price was at $40.04.

Morgan Stanley initiated coverage on Bank OZK OZK with a Equal-Weight rating. The price target for Bank OZK is set to $48.00. For the third quarter, Bank OZK had an EPS of $1.08, compared to year-ago quarter EPS of $1.00. The stock has a 52-week-high of $51.39 and a 52-week-low of $34.79. At the end of the last trading period, Bank OZK closed at $45.36.

Morgan Stanley initiated coverage on Hilton Worldwide Holdings Inc HLT with an Overweight rating. The price target for Hilton Worldwide Holdings is set to $171.00. For the third quarter, Hilton Worldwide Holdings had an EPS of $1.31, compared to year-ago quarter EPS of $0.78. At the moment, the stock has a 52-week-high of $167.99 and a 52-week-low of $108.41. Hilton Worldwide Holdings closed at $141.42 at the end of the last trading period.

Morgan Stanley initiated coverage on Membership Collective Group Inc MCG with a Equal-Weight rating. The price target for Membership Collective is set to $4.50. Membership Collective earned $0.19 in the third quarter, compared to $0.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.49 and a 52-week-low of $3.14. Membership Collective closed at $4.84 at the end of the last trading period.

Citigroup initiated coverage on Alaska Air Group Inc ALK with a Buy rating. The price target for Alaska Air Gr is set to $55.00. Alaska Air Gr earned $2.53 in the third quarter, compared to $1.47 in the year-ago quarter. The stock has a 52-week-high of $61.55 and a 52-week-low of $38.19. At the end of the last trading period, Alaska Air Gr closed at $46.70.

With a Neutral rating, Citigroup initiated coverage on JetBlue Airways Corp JBLU. The price target seems to have been set at $9.00 for JetBlue Airways. For the third quarter, JetBlue Airways had an EPS of $0.21, compared to year-ago quarter EPS of $0.12. The current stock performance of JetBlue Airways shows a 52-week-high of $16.39 and a 52-week-low of $6.21. Moreover, at the end of the last trading period, the closing price was at $7.94.

With a Buy rating, UBS initiated coverage on OPAL Fuels Inc OPAL. The price target seems to have been set at $13.00 for OPAL Fuels. At the moment, the stock has a 52-week-high of $12.35 and a 52-week-low of $5.94. OPAL Fuels closed at $9.41 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Akari Therapeutics PLC AKTX with a Buy rating. The price target for Akari Therapeutics is set to $1.50. For the second quarter, Akari Therapeutics had an EPS of $0.10, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $1.67 and a 52-week-low of $0.38. Akari Therapeutics closed at $0.54 at the end of the last trading period.

Goldman Sachs initiated coverage on Day One Biopharmaceuticals Inc DAWN with a Buy rating. The price target for Day One Biopharmaceutical is set to $45.00. Day One Biopharmaceutical earned $0.53 in the third quarter, compared to $0.33 in the year-ago quarter. The current stock performance of Day One Biopharmaceutical shows a 52-week-high of $28.35 and a 52-week-low of $5.44. Moreover, at the end of the last trading period, the closing price was at $21.74.

Goldman Sachs initiated coverage on United Therapeutics Corp UTHR with a Sell rating. The price target for United Therapeutics is set to $230.00. United Therapeutics earned $4.91 in the third quarter, compared to $3.42 in the year-ago quarter. The current stock performance of United Therapeutics shows a 52-week-high of $282.22 and a 52-week-low of $158.38. Moreover, at the end of the last trading period, the closing price was at $278.55.

See all analyst ratings initiations.