Benzinga's Top Ratings Upgrades, Downgrades For December 16, 2022

Upgrades

B of A Securities upgraded the previous rating for Synopsys Inc SNPS from Neutral to Buy. In the fourth quarter, Synopsys showed an EPS of $1.91, compared to $1.82 from the year-ago quarter. The stock has a 52-week-high of $391.17 and a 52-week-low of $255.02. At the end of the last trading period, Synopsys closed at $323.82.

B of A Securities upgraded the previous rating for Cadence Design Systems Inc CDNS from Neutral to Buy. Cadence Design Sys earned $1.06 in the third quarter, compared to $0.80 in the year-ago quarter. The stock has a 52-week-high of $194.97 and a 52-week-low of $132.31. At the end of the last trading period, Cadence Design Sys closed at $162.23.

B of A Securities upgraded the previous rating for Universal Health Services Inc UHS from Underperform to Neutral. For the third quarter, Universal Health Services had an EPS of $2.54, compared to year-ago quarter EPS of $2.67. At the moment, the stock has a 52-week-high of $158.28 and a 52-week-low of $82.50. Universal Health Services closed at $132.53 at the end of the last trading period.

According to Mizuho, the prior rating for Lennox International Inc LII was changed from Underperform to Neutral. For the third quarter, Lennox International had an EPS of $4.10, compared to year-ago quarter EPS of $3.40. The current stock performance of Lennox International shows a 52-week-high of $327.32 and a 52-week-low of $182.85. Moreover, at the end of the last trading period, the closing price was at $248.64.

According to Wells Fargo, the prior rating for PPL Corp PPL was changed from Equal-Weight to Overweight. In the third quarter, PPL showed an EPS of $0.41, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $30.99 and a 52-week-low of $23.46. At the end of the last trading period, PPL closed at $29.36.

For ONEOK Inc OKE, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, ONEOK showed an EPS of $0.96, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $75.07 and a 52-week-low of $50.50. At the end of the last trading period, ONEOK closed at $64.68.

For Ryan Specialty Holdings Inc RYAN, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the third quarter, Ryan Specialty Holdings had an EPS of $0.25, compared to year-ago quarter EPS of $0.24. The current stock performance of Ryan Specialty Holdings shows a 52-week-high of $46.40 and a 52-week-low of $32.13. Moreover, at the end of the last trading period, the closing price was at $39.84.

For Crestwood Equity Partners LP CEQP, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, Crestwood Equity Partners showed an EPS of $0.64, compared to $1.03 from the year-ago quarter. The current stock performance of Crestwood Equity Partners shows a 52-week-high of $32.96 and a 52-week-low of $22.88. Moreover, at the end of the last trading period, the closing price was at $28.02.

BTIG upgraded the previous rating for Agilysys Inc AGYS from Neutral to Buy. In the second quarter, Agilysys showed an EPS of $0.24, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $70.62 and a 52-week-low of $31.49. At the end of the last trading period, Agilysys closed at $70.40.

Wells Fargo upgraded the previous rating for Sunoco LP SUN from Underweight to Equal-Weight. For the third quarter, Sunoco had an EPS of $0.75, compared to year-ago quarter EPS of $1.00. At the moment, the stock has a 52-week-high of $46.95 and a 52-week-low of $34.26. Sunoco closed at $43.82 at the end of the last trading period.

For EPR Properties EPR, JP Morgan upgraded the previous rating of Underweight to Neutral. In the third quarter, EPR Props showed an EPS of $1.16, compared to $0.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $56.38 and a 52-week-low of $34.58. EPR Props closed at $40.71 at the end of the last trading period.

For Regency Centers Corp REG, JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, Regency Centers had an EPS of $1.01, compared to year-ago quarter EPS of $1.12. At the moment, the stock has a 52-week-high of $78.78 and a 52-week-low of $51.97. Regency Centers closed at $63.45 at the end of the last trading period.

For First Industrial Realty Trust Inc FR, JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, First Industrial Realty had an EPS of $0.60, compared to year-ago quarter EPS of $0.51. The stock has a 52-week-high of $66.73 and a 52-week-low of $42.91. At the end of the last trading period, First Industrial Realty closed at $49.12.

JP Morgan upgraded the previous rating for Meta Platforms Inc META from Neutral to Overweight. In the third quarter, Meta Platforms showed an EPS of $1.64, compared to $3.22 from the year-ago quarter. The current stock performance of Meta Platforms shows a 52-week-high of $352.71 and a 52-week-low of $11.73. Moreover, at the end of the last trading period, the closing price was at $116.15.

According to Wolfe Research, the prior rating for Brixmor Property Group Inc BRX was changed from Peer Perform to Outperform. Brixmor Property Group earned $0.49 in the third quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.19 and a 52-week-low of $17.62. Brixmor Property Group closed at $22.51 at the end of the last trading period.

For Immunocore Holdings PLC IMCR, Goldman Sachs upgraded the previous rating of Neutral to Buy. In the third quarter, Immunocore Hldgs showed an EPS of $0.13, compared to $0.93 from the year-ago quarter. The stock has a 52-week-high of $69.06 and a 52-week-low of $18.43. At the end of the last trading period, Immunocore Hldgs closed at $59.42.

See all analyst ratings upgrades.

Downgrades

According to B of A Securities, the prior rating for Agiliti Inc AGTI was changed from Buy to Neutral. Agiliti earned $0.19 in the third quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.65 and a 52-week-low of $14.15. Agiliti closed at $16.47 at the end of the last trading period.

Baird downgraded the previous rating for Acuity Brands Inc AYI from Outperform to Neutral. Acuity Brands earned $3.95 in the fourth quarter, compared to $3.27 in the year-ago quarter. The current stock performance of Acuity Brands shows a 52-week-high of $220.97 and a 52-week-low of $142.71. Moreover, at the end of the last trading period, the closing price was at $174.35.

According to Morgan Stanley, the prior rating for Third Harmonic Bio Inc THRD was changed from Overweight to Equal-Weight. Third Harmonic Bio earned $0.90 in the third quarter, compared to $0.69 in the year-ago quarter. The stock has a 52-week-high of $24.59 and a 52-week-low of $4.08. At the end of the last trading period, Third Harmonic Bio closed at $4.30.

According to Morgan Stanley, the prior rating for New York Times Co NYT was changed from Overweight to Equal-Weight. For the third quarter, New York Times had an EPS of $0.21, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $48.61 and a 52-week-low of $27.59. New York Times closed at $33.46 at the end of the last trading period.

For Aris Water Solutions Inc ARIS, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. The stock has a 52-week-high of $23.58 and a 52-week-low of $10.06. At the end of the last trading period, Aris Water Solutions closed at $15.47.

According to Wells Fargo, the prior rating for Magellan Midstream Partners LP MMP was changed from Overweight to Equal-Weight. For the third quarter, Magellan Midstream had an EPS of $1.29, compared to year-ago quarter EPS of $1.09. The current stock performance of Magellan Midstream shows a 52-week-high of $54.40 and a 52-week-low of $43.58. Moreover, at the end of the last trading period, the closing price was at $50.55.

According to Wells Fargo, the prior rating for Williams Companies Inc WMB was changed from Overweight to Equal-Weight. In the third quarter, Williams Companies showed an EPS of $0.48, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $37.97 and a 52-week-low of $24.86. At the end of the last trading period, Williams Companies closed at $33.50.

For Equitrans Midstream Corp ETRN, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. For the third quarter, Equitrans Midstream had an EPS of $0.09, compared to year-ago quarter EPS of $0.13. The current stock performance of Equitrans Midstream shows a 52-week-high of $11.22 and a 52-week-low of $5.87. Moreover, at the end of the last trading period, the closing price was at $7.06.

Wells Fargo downgraded the previous rating for Axis Capital Holdings Ltd AXS from Equal-Weight to Underweight. For the third quarter, Axis Capital Holdings had an EPS of $0.03, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $61.39 and a 52-week-low of $48.32. Axis Capital Holdings closed at $55.85 at the end of the last trading period.

For DT Midstream Inc DTM, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. For the third quarter, DT Midstream had an EPS of $0.90, compared to year-ago quarter EPS of $0.80. At the moment, the stock has a 52-week-high of $61.12 and a 52-week-low of $44.70. DT Midstream closed at $56.88 at the end of the last trading period.

For Prudential Financial Inc PRU, Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. Prudential Financial earned $2.13 in the third quarter, compared to $3.78 in the year-ago quarter. At the moment, the stock has a 52-week-high of $124.22 and a 52-week-low of $85.46. Prudential Financial closed at $99.75 at the end of the last trading period.

According to Wells Fargo, the prior rating for NuStar Energy LP NS was changed from Overweight to Underweight. NuStar Energy earned $0.20 in the third quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.05 and a 52-week-low of $12.80. NuStar Energy closed at $15.02 at the end of the last trading period.

For TC Energy Corp TRP, Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. TC Energy earned $0.82 in the third quarter, compared to $0.79 in the year-ago quarter. The stock has a 52-week-high of $59.38 and a 52-week-low of $39.11. At the end of the last trading period, TC Energy closed at $41.38.

JP Morgan downgraded the previous rating for AvalonBay Communities Inc AVB from Neutral to Underweight. AvalonBay Communities earned $2.50 in the third quarter, compared to $2.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $259.05 and a 52-week-low of $158.35. AvalonBay Communities closed at $168.79 at the end of the last trading period.

For Prologis Inc PLD, JP Morgan downgraded the previous rating of Overweight to Neutral. In the third quarter, Prologis showed an EPS of $1.73, compared to $1.04 from the year-ago quarter. The stock has a 52-week-high of $174.54 and a 52-week-low of $98.03. At the end of the last trading period, Prologis closed at $118.59.

JP Morgan downgraded the previous rating for Invitation Homes Inc INVH from Overweight to Neutral. For the third quarter, Invitation Homes had an EPS of $0.42, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $45.80 and a 52-week-low of $29.56. Invitation Homes closed at $31.22 at the end of the last trading period.

JP Morgan downgraded the previous rating for Federal Realty Investment Trust FRT from Overweight to Neutral. In the third quarter, Federal Realty Investment showed an EPS of $1.59, compared to $1.51 from the year-ago quarter. The stock has a 52-week-high of $140.51 and a 52-week-low of $86.43. At the end of the last trading period, Federal Realty Investment closed at $104.49.

For Extra Space Storage Inc EXR, JP Morgan downgraded the previous rating of Overweight to Neutral. In the third quarter, Extra Space Storage showed an EPS of $2.21, compared to $1.85 from the year-ago quarter. At the moment, the stock has a 52-week-high of $228.84 and a 52-week-low of $149.78. Extra Space Storage closed at $155.62 at the end of the last trading period.

JP Morgan downgraded the previous rating for Essex Property Trust Inc ESS from Overweight to Neutral. Essex Property Trust earned $3.69 in the third quarter, compared to $3.12 in the year-ago quarter. The stock has a 52-week-high of $363.36 and a 52-week-low of $205.76. At the end of the last trading period, Essex Property Trust closed at $218.26.

JP Morgan downgraded the previous rating for Anywhere Real Estate Inc HOUS from Overweight to Neutral. In the third quarter, Anywhere Real Estate showed an EPS of $0.58, compared to $0.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.31 and a 52-week-low of $6.08. Anywhere Real Estate closed at $7.43 at the end of the last trading period.

According to JP Morgan, the prior rating for American Homes 4 Rent AMH was changed from Overweight to Neutral. For the third quarter, American Homes 4 Rent had an EPS of $0.33, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $44.07 and a 52-week-low of $29.31. At the end of the last trading period, American Homes 4 Rent closed at $31.50.

According to BMO Capital, the prior rating for Equity Residential EQR was changed from Market Perform to Underperform. For the third quarter, Equity Residential had an EPS of $0.92, compared to year-ago quarter EPS of $0.77. The current stock performance of Equity Residential shows a 52-week-high of $94.32 and a 52-week-low of $59.32. Moreover, at the end of the last trading period, the closing price was at $62.76.

According to SVB Leerink, the prior rating for Axcella Health Inc AXLA was changed from Outperform to Market Perform. For the third quarter, Axcella Health had an EPS of $0.34, compared to year-ago quarter EPS of $0.41. The stock has a 52-week-high of $2.89 and a 52-week-low of $0.44. At the end of the last trading period, Axcella Health closed at $0.44.

For LTC Properties Inc LTC, BMO Capital downgraded the previous rating of Market Perform to Underperform. LTC Properties earned $0.60 in the third quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.49 and a 52-week-low of $32.23. LTC Properties closed at $38.35 at the end of the last trading period.

BMO Capital downgraded the previous rating for Easterly Government Properties Inc DEA from Market Perform to Underperform. For the third quarter, Easterly Government Props had an EPS of $0.32, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $23.65 and a 52-week-low of $14.79. At the end of the last trading period, Easterly Government Props closed at $14.82.

For Lincoln National Corp LNC, Jefferies downgraded the previous rating of Hold to Underperform. Lincoln National earned $1.39 in the third quarter, compared to $1.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $76.40 and a 52-week-low of $30.60. Lincoln National closed at $30.82 at the end of the last trading period.

According to Jefferies, the prior rating for Third Harmonic Bio Inc THRD was changed from Buy to Hold. In the third quarter, Third Harmonic Bio showed an EPS of $0.90, compared to $0.69 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.59 and a 52-week-low of $4.08. Third Harmonic Bio closed at $4.30 at the end of the last trading period.

According to RBC Capital, the prior rating for Mercury Systems Inc MRCY was changed from Outperform to Sector Perform. For the first quarter, Mercury Sys had an EPS of $0.24, compared to year-ago quarter EPS of $0.41. At the moment, the stock has a 52-week-high of $72.28 and a 52-week-low of $40.48. Mercury Sys closed at $47.47 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

UBS initiated coverage on Revolve Group Inc RVLV with a Neutral rating. The price target for Revolve Gr is set to $25.00. Revolve Gr earned $0.16 in the third quarter, compared to $0.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $63.92 and a 52-week-low of $20.17. Revolve Gr closed at $24.38 at the end of the last trading period.

UBS initiated coverage on Cleveland-Cliffs Inc CLF with a Neutral rating. The price target for Cleveland-Cliffs is set to $17.00. Cleveland-Cliffs earned $0.29 in the third quarter, compared to $2.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $34.04 and a 52-week-low of $11.82. Cleveland-Cliffs closed at $15.02 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on Cracker Barrel Old Country Store Inc CBRL. The price target seems to have been set at $105.00 for Cracker Barrel Old. Cracker Barrel Old earned $0.99 in the first quarter, compared to $1.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $139.90 and a 52-week-low of $81.87. Cracker Barrel Old closed at $98.52 at the end of the last trading period.

Credit Suisse initiated coverage on Viridian Therapeutics Inc VRDN with an Outperform rating. The price target for Viridian Therapeutics is set to $51.00. Viridian Therapeutics earned $0.86 in the third quarter, compared to $1.25 in the year-ago quarter. The current stock performance of Viridian Therapeutics shows a 52-week-high of $28.40 and a 52-week-low of $9.47. Moreover, at the end of the last trading period, the closing price was at $27.49.

Credit Suisse initiated coverage on OmniAb Inc OABI with an Outperform rating. The price target for OmniAb is set to $13.00.

With a Sector Perform rating, RBC Capital initiated coverage on Radius Global Infrastructure Inc RADI. The price target seems to have been set at $13.00 for Radius Global Infr. In the third quarter, Radius Global Infr showed an EPS of $0.23, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.10 and a 52-week-low of $7.97. Radius Global Infr closed at $12.24 at the end of the last trading period.

RBC Capital initiated coverage on Iron Mountain Inc IRM with a Sector Perform rating. The price target for Iron Mountain is set to $58.00. In the third quarter, Iron Mountain showed an EPS of $0.48, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.61 and a 52-week-low of $41.67. Iron Mountain closed at $54.32 at the end of the last trading period.

B. Riley Securities initiated coverage on Rithm Capital Corp RITM with a Buy rating. The price target for Rithm Capital is set to $12.00. The stock has a 52-week-high of $11.12 and a 52-week-low of $6.86. At the end of the last trading period, Rithm Capital closed at $8.68.

For E2open Parent Holdings Inc ETWO, Redburn Partners initiated coverage, by setting the current rating at Buy. E2open Parent Holdings earned $0.05 in the second quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.59 and a 52-week-low of $4.89. E2open Parent Holdings closed at $5.67 at the end of the last trading period.

EF Hutton initiated coverage on Compass Therapeutics Inc CMPX with a Buy rating. The price target for Compass Therapeutics is set to $10.30. For the third quarter, Compass Therapeutics had an EPS of $0.12, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $5.07 and a 52-week-low of $1.25. At the end of the last trading period, Compass Therapeutics closed at $4.49.

With a Buy rating, EF Hutton initiated coverage on ATAI Life Sciences NV ATAI. The price target seems to have been set at $23.00 for ATAI Life Sciences. In the third quarter, ATAI Life Sciences showed an EPS of $0.22, compared to $0.21 from the year-ago quarter. The current stock performance of ATAI Life Sciences shows a 52-week-high of $10.12 and a 52-week-low of $2.60. Moreover, at the end of the last trading period, the closing price was at $3.06.

EF Hutton initiated coverage on GH Research PLC GHRS with a Buy rating. The price target for GH Research is set to $33.00. In the third quarter, GH Research showed an EPS of $0.01, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.53 and a 52-week-low of $8.72. GH Research closed at $9.80 at the end of the last trading period.

EF Hutton initiated coverage on Compass Pathways PLC CMPS with a Buy rating. The price target for Compass Pathways is set to $38.00. In the third quarter, Compass Pathways showed an EPS of $0.43, compared to $0.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.45 and a 52-week-low of $6.54. Compass Pathways closed at $9.75 at the end of the last trading period.

With a Buy rating, EF Hutton initiated coverage on Mind Medicine Inc MNMD. The price target seems to have been set at $21.00 for Mind Medicine. For the third quarter, Mind Medicine had an EPS of $0.56, compared to year-ago quarter EPS of $0.60. The current stock performance of Mind Medicine shows a 52-week-high of $26.25 and a 52-week-low of $2.35. Moreover, at the end of the last trading period, the closing price was at $2.62.

With a Buy rating, EF Hutton initiated coverage on Cybin Inc CYBN. The price target seems to have been set at $3.00 for Cybin. In the second quarter, Cybin showed an EPS of $0.05, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $1.29 and a 52-week-low of $0.28. Cybin closed at $0.30 at the end of the last trading period.

EF Hutton initiated coverage on Reunion Neuroscience Inc REUN with a Buy rating. The price target for Reunion Neuroscience is set to $11.00. In the second quarter, Reunion Neuroscience showed an EPS of $0.17, compared to $0.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.35 and a 52-week-low of $1.14. Reunion Neuroscience closed at $1.16 at the end of the last trading period.

SVB Leerink initiated coverage on Vaxcyte Inc PCVX with an Outperform rating. The price target for Vaxcyte is set to $60.00. In the third quarter, Vaxcyte showed an EPS of $0.93, compared to $0.51 from the year-ago quarter. The current stock performance of Vaxcyte shows a 52-week-high of $47.67 and a 52-week-low of $16.78. Moreover, at the end of the last trading period, the closing price was at $45.48.

JP Morgan initiated coverage on CoStar Group Inc CSGP with an Overweight rating. The price target for CoStar Gr is set to $110.00. For the third quarter, CoStar Gr had an EPS of $0.30, compared to year-ago quarter EPS of $0.25. The stock has a 52-week-high of $85.37 and a 52-week-low of $49.00. At the end of the last trading period, CoStar Gr closed at $77.88.

With a Neutral rating, Wedbush initiated coverage on Paymentus Holdings Inc PAY. The price target seems to have been set at $11.00 for Paymentus Holdings. Paymentus Holdings earned $0.01 in the third quarter, compared to $0.01 in the year-ago quarter. The current stock performance of Paymentus Holdings shows a 52-week-high of $36.79 and a 52-week-low of $8.08. Moreover, at the end of the last trading period, the closing price was at $8.24.

DA Davidson initiated coverage on CyberArk Software Ltd CYBR with a Buy rating. The price target for CyberArk Software is set to $175.00. CyberArk Software earned $0.06 in the third quarter, compared to $0.06 in the year-ago quarter. The current stock performance of CyberArk Software shows a 52-week-high of $180.01 and a 52-week-low of $100.35. Moreover, at the end of the last trading period, the closing price was at $133.28.

Keybanc initiated coverage on Sitio Royalties Corp STR with an Overweight rating. The price target for Sitio Royalties is set to $36.00. For the third quarter, Sitio Royalties had an EPS of $0.70, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $33.65 and a 52-week-low of $21.40. At the end of the last trading period, Sitio Royalties closed at $30.07.

See all analyst ratings initiations.