Benzinga's Top Ratings Upgrades, Downgrades For December 20, 2022

Upgrades

Canaccord Genuity upgraded the previous rating for Nevro Corp NVRO from Hold to Buy. In the third quarter, Nevro showed an EPS of $0.59, compared to $0.87 from the year-ago quarter. The current stock performance of Nevro shows a 52-week-high of $93.69 and a 52-week-low of $34.70. Moreover, at the end of the last trading period, the closing price was at $38.81.

Canaccord Genuity upgraded the previous rating for Iamgold Corp IAG from Sell to Hold. For the third quarter, Iamgold had an EPS of $0.03, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $3.77 and a 52-week-low of $0.92. Iamgold closed at $1.82 at the end of the last trading period.

For JELD-WEN Holding Inc JELD, JP Morgan upgraded the previous rating of Underweight to Neutral. JELD-WEN Holding earned $0.71 in the third quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.59 and a 52-week-low of $8.38. JELD-WEN Holding closed at $9.68 at the end of the last trading period.

JP Morgan upgraded the previous rating for Fabrinet FN from Neutral to Overweight. For the first quarter, Fabrinet had an EPS of $1.97, compared to year-ago quarter EPS of $1.45. The current stock performance of Fabrinet shows a 52-week-high of $136.08 and a 52-week-low of $74.57. Moreover, at the end of the last trading period, the closing price was at $124.62.

Evercore ISI Group upgraded the previous rating for Union Pacific Corp UNP from In-Line to Outperform. In the third quarter, Union Pacific showed an EPS of $3.19, compared to $2.57 from the year-ago quarter. The stock has a 52-week-high of $278.94 and a 52-week-low of $183.70. At the end of the last trading period, Union Pacific closed at $206.39.

For MediaAlpha Inc MAX, JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, MediaAlpha had an EPS of $0.34, compared to year-ago quarter EPS of $0.10. The current stock performance of MediaAlpha shows a 52-week-high of $17.26 and a 52-week-low of $7.59. Moreover, at the end of the last trading period, the closing price was at $9.17.

According to JP Morgan, the prior rating for EverQuote Inc EVER was changed from Underweight to Overweight. For the third quarter, EverQuote had an EPS of $0.20, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $17.59 and a 52-week-low of $5.23. EverQuote closed at $10.61 at the end of the last trading period.

According to Morgan Stanley, the prior rating for JM Smucker Co SJM was changed from Underweight to Equal-Weight. In the second quarter, JM Smucker showed an EPS of $2.40, compared to $2.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $157.24 and a 52-week-low of $119.82. JM Smucker closed at $155.82 at the end of the last trading period.

For Conagra Brands Inc CAG, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. Conagra Brands earned $0.57 in the first quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $38.71 and a 52-week-low of $30.06. At the end of the last trading period, Conagra Brands closed at $38.13.

For Kinsale Capital Group Inc KNSL, Compass Point upgraded the previous rating of Neutral to Buy. Kinsale Capital Gr earned $1.64 in the third quarter, compared to $1.59 in the year-ago quarter. At the moment, the stock has a 52-week-high of $334.99 and a 52-week-low of $180.05. Kinsale Capital Gr closed at $261.55 at the end of the last trading period.

BMO Capital upgraded the previous rating for Beam Therapeutics Inc BEAM from Market Perform to Outperform. Beam Therapeutics earned $1.56 in the third quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $88.18 and a 52-week-low of $27.77. At the end of the last trading period, Beam Therapeutics closed at $40.10.

According to Jefferies, the prior rating for Zymeworks BC Inc ZYME was changed from Hold to Buy. In the third quarter, Zymeworks BC showed an EPS of $0.66, compared to $1.25 from the year-ago quarter. The current stock performance of Zymeworks BC shows a 52-week-high of $17.27 and a 52-week-low of $4.11. Moreover, at the end of the last trading period, the closing price was at $6.79.

Keybanc upgraded the previous rating for MKS Instruments Inc MKSI from Sector Weight to Overweight. In the third quarter, MKS Instruments showed an EPS of $2.74, compared to $2.79 from the year-ago quarter. The current stock performance of MKS Instruments shows a 52-week-high of $181.03 and a 52-week-low of $64.77. Moreover, at the end of the last trading period, the closing price was at $80.72.

See all analyst ratings upgrades.

Downgrades

Alembic Global downgraded the previous rating for RBC Bearings Inc RBC from Overweight to Neutral. For the second quarter, RBC Bearings had an EPS of $1.93, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $256.29 and a 52-week-low of $188.51. RBC Bearings closed at $207.10 at the end of the last trading period.

JP Morgan downgraded the previous rating for Aerojet Rocketdyne Holdings Inc AJRD from Overweight to Neutral. Aerojet Rocketdyne Hldgs earned $0.45 in the third quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $56.00 and a 52-week-low of $35.47. At the end of the last trading period, Aerojet Rocketdyne Hldgs closed at $55.60.

According to Northland Capital Markets, the prior rating for Qumu Corp QUMU was changed from Outperform to Market Perform. For the third quarter, Qumu had an EPS of $0.08, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $2.27 and a 52-week-low of $0.44. At the end of the last trading period, Qumu closed at $0.88.

JP Morgan downgraded the previous rating for Whirlpool Corp WHR from Overweight to Neutral. In the third quarter, Whirlpool showed an EPS of $4.49, compared to $6.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $245.44 and a 52-week-low of $124.43. Whirlpool closed at $139.57 at the end of the last trading period.

For Owens-Corning Inc OC, JP Morgan downgraded the previous rating of Neutral to Underweight. For the third quarter, Owens-Corning had an EPS of $3.57, compared to year-ago quarter EPS of $2.52. At the moment, the stock has a 52-week-high of $101.12 and a 52-week-low of $72.97. Owens-Corning closed at $87.66 at the end of the last trading period.

Cowen & Co. downgraded the previous rating for Cresco Labs Inc CRLBF from Outperform to Market Perform. For the third quarter, Cresco Labs had an EPS of $0.03, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $8.18 and a 52-week-low of $2.13. Cresco Labs closed at $2.13 at the end of the last trading period.

According to Cowen & Co., the prior rating for Columbia Care Inc CCHWF was changed from Outperform to Market Perform. The stock has a 52-week-high of $3.39 and a 52-week-low of $0.98. At the end of the last trading period, Columbia Care closed at $1.00.

For Lumentum Holdings Inc LITE, JP Morgan downgraded the previous rating of Overweight to Neutral. In the first quarter, Lumentum Holdings showed an EPS of $1.69, compared to $1.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $108.90 and a 52-week-low of $50.57. Lumentum Holdings closed at $50.80 at the end of the last trading period.

For NetApp Inc NTAP, JP Morgan downgraded the previous rating of Overweight to Neutral. NetApp earned $1.48 in the second quarter, compared to $1.28 in the year-ago quarter. The current stock performance of NetApp shows a 52-week-high of $96.82 and a 52-week-low of $58.77. Moreover, at the end of the last trading period, the closing price was at $59.19.

According to JP Morgan, the prior rating for Stitch Fix Inc SFIX was changed from Neutral to Underweight. Stitch Fix earned $0.50 in the first quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $20.55 and a 52-week-low of $3.02. At the end of the last trading period, Stitch Fix closed at $3.08.

JP Morgan downgraded the previous rating for Yelp Inc YELP from Neutral to Underweight. In the third quarter, Yelp showed an EPS of $0.19, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.27 and a 52-week-low of $26.28. Yelp closed at $26.68 at the end of the last trading period.

For Ziff Davis Inc ZD, JP Morgan downgraded the previous rating of Overweight to Neutral. In the third quarter, Ziff Davis showed an EPS of $1.58, compared to $2.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $114.43 and a 52-week-low of $66.85. Ziff Davis closed at $78.89 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Hostess Brands Inc TWNK from Overweight to Equal-Weight. In the third quarter, Hostess Brands showed an EPS of $0.23, compared to $0.21 from the year-ago quarter. The current stock performance of Hostess Brands shows a 52-week-high of $29.00 and a 52-week-low of $18.84. Moreover, at the end of the last trading period, the closing price was at $23.23.

For Spirit Airlines Inc SAVE, Deutsche Bank downgraded the previous rating of Buy to Hold. In the third quarter, Spirit Airlines showed an EPS of $0.03, compared to $0.69 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.30 and a 52-week-low of $15.92. Spirit Airlines closed at $19.26 at the end of the last trading period.

According to Baird, the prior rating for Zurn Elkay Water Solutions Corp ZWS was changed from Outperform to Neutral. Zurn Elkay Water earned $0.26 in the third quarter, compared to $0.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.38 and a 52-week-low of $21.12. Zurn Elkay Water closed at $21.19 at the end of the last trading period.

For TriplePoint Venture Growth BDC Corp TPVG, Keefe, Bruyette & Woods downgraded the previous rating of Market Perform to Underperform. In the third quarter, TriplePoint Venture Gwth showed an EPS of $0.51, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $18.31 and a 52-week-low of $10.41. At the end of the last trading period, TriplePoint Venture Gwth closed at $10.81.

For Horizon Technology Finance Corp HRZN, Keefe, Bruyette & Woods downgraded the previous rating of Market Perform to Underperform. For the third quarter, Horizon Tech Finance had an EPS of $0.43, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $16.54 and a 52-week-low of $9.67. At the end of the last trading period, Horizon Tech Finance closed at $12.01.

For Allegiant Travel Co ALGT, Deutsche Bank downgraded the previous rating of Buy to Hold. 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 $195.66 and a 52-week-low of $63.78. Allegiant Travel closed at $67.07 at the end of the last trading period.

Baird downgraded the previous rating for Generac Holdings Inc GNRC from Outperform to Neutral. Generac Hldgs earned $1.75 in the third quarter, compared to $2.35 in the year-ago quarter. The current stock performance of Generac Hldgs shows a 52-week-high of $362.34 and a 52-week-low of $89.90. Moreover, at the end of the last trading period, the closing price was at $91.73.

For Merit Medical Systems Inc MMSI, Canaccord Genuity downgraded the previous rating of Buy to Hold. Merit Medical Systems earned $0.64 in the third quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Merit Medical Systems shows a 52-week-high of $76.14 and a 52-week-low of $50.46. Moreover, at the end of the last trading period, the closing price was at $70.45.

Credit Suisse downgraded the previous rating for BJ's Wholesale Club Holdings Inc BJ from Outperform to Neutral. In the third quarter, BJ's Wholesale Club showed an EPS of $0.99, compared to $0.91 from the year-ago quarter. The current stock performance of BJ's Wholesale Club shows a 52-week-high of $80.41 and a 52-week-low of $51.45. Moreover, at the end of the last trading period, the closing price was at $67.96.

According to Credit Suisse, the prior rating for Target Corp TGT was changed from Outperform to Neutral. Target earned $1.54 in the third quarter, compared to $3.03 in the year-ago quarter. The current stock performance of Target shows a 52-week-high of $254.87 and a 52-week-low of $137.16. Moreover, at the end of the last trading period, the closing price was at $144.65.

For Bionomics Ltd BNOX, Evercore ISI Group downgraded the previous rating of Outperform to In-Line.

See all analyst ratings downgrades.

Initiations

With an Overweight rating, JP Morgan initiated coverage on Brookfield Asset Management Ltd BAM. The price target seems to have been set at $35.00 for Brookfield Asset Mgmt. In the third quarter, Brookfield Asset Mgmt showed an EPS of $0.24, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $62.47 and a 52-week-low of $26.76. At the end of the last trading period, Brookfield Asset Mgmt closed at $28.01.

With a Equal-Weight rating, Stephens & Co. initiated coverage on F&G Annuities & Life Inc FG. The price target seems to have been set at $22.00 for F&G Annuities & Life. F&G Annuities & Life earned $0.30 in the first quarter, compared to $0.37 in the year-ago quarter. The current stock performance of F&G Annuities & Life shows a 52-week-high of $22.00 and a 52-week-low of $17.34. Moreover, at the end of the last trading period, the closing price was at $19.67.

Maxim Group initiated coverage on Helius Medical Technologies Inc HSDT with a Buy rating. The price target for Helius Medical Tech is set to $1.00. In the third quarter, Helius Medical Tech showed an EPS of $0.12, compared to $2.01 from the year-ago quarter. The stock has a 52-week-high of $5.96 and a 52-week-low of $0.22. At the end of the last trading period, Helius Medical Tech closed at $0.24.

Truist Securities initiated coverage on OmniAb Inc OABI with a Buy rating. The price target for OmniAb is set to $10.00.

With an Overweight rating, Piper Sandler initiated coverage on The Trade Desk Inc TTD. The price target seems to have been set at $60.00 for Trade Desk. For the third quarter, Trade Desk had an EPS of $0.26, compared to year-ago quarter EPS of $0.18. The current stock performance of Trade Desk shows a 52-week-high of $98.60 and a 52-week-low of $39.00. Moreover, at the end of the last trading period, the closing price was at $44.13.

With a Neutral rating, Goldman Sachs initiated coverage on TechTarget Inc TTGT. The price target seems to have been set at $57.00 for TechTarget. For the third quarter, TechTarget had an EPS of $0.68, compared to year-ago quarter EPS of $0.60. The stock has a 52-week-high of $100.66 and a 52-week-low of $42.00. At the end of the last trading period, TechTarget closed at $42.45.

With a Buy rating, Truist Securities initiated coverage on Cytokinetics Inc CYTK. The price target seems to have been set at $60.00 for Cytokinetics. Cytokinetics earned $1.52 in the third quarter, compared to $0.95 in the year-ago quarter. The current stock performance of Cytokinetics shows a 52-week-high of $55.80 and a 52-week-low of $29.26. Moreover, at the end of the last trading period, the closing price was at $44.02.

Credit Suisse initiated coverage on CNH Industrial NV CNHI with an Outperform rating. The price target for CNH Industrial is set to $21.00. In the third quarter, CNH Industrial showed an EPS of $0.41, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.13 and a 52-week-low of $10.60. CNH Industrial closed at $15.84 at the end of the last trading period.

With a Equal-Weight rating, Wells Fargo initiated coverage on RXO Inc RXO. The price target seems to have been set at $18.00 for RXO. The stock has a 52-week-high of $20.86 and a 52-week-low of $15.17. At the end of the last trading period, RXO closed at $16.36.

Raymond James initiated coverage on Capri Holdings Ltd CPRI with an Outperform rating. The price target for Capri Holdings is set to $65.00. For the second quarter, Capri Holdings had an EPS of $1.79, compared to year-ago quarter EPS of $1.53. The stock has a 52-week-high of $72.37 and a 52-week-low of $36.90. At the end of the last trading period, Capri Holdings closed at $55.75.

With an Outperform rating, SVB Leerink initiated coverage on NewAmsterdam Pharma Co NV NAMS. The price target seems to have been set at $19.00 for NewAmsterdam Pharma. The stock has a 52-week-high of $32.88 and a 52-week-low of $7.52. At the end of the last trading period, NewAmsterdam Pharma closed at $11.31.

With a Neutral rating, Credit Suisse initiated coverage on Best Buy Co Inc BBY. The price target seems to have been set at $90.00 for Best Buy Co. Best Buy Co earned $1.38 in the third quarter, compared to $2.08 in the year-ago quarter. The stock has a 52-week-high of $112.96 and a 52-week-low of $60.78. At the end of the last trading period, Best Buy Co closed at $79.80.

Credit Suisse initiated coverage on Tractor Supply Co TSCO with an Outperform rating. The price target for Tractor Supply is set to $260.00. Tractor Supply earned $2.10 in the third quarter, compared to $1.95 in the year-ago quarter. The stock has a 52-week-high of $241.54 and a 52-week-low of $166.49. At the end of the last trading period, Tractor Supply closed at $211.46.

Raymond James initiated coverage on Tapestry Inc TPR with an Outperform rating. The price target for Tapestry is set to $44.00. Tapestry earned $0.79 in the first quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.36 and a 52-week-low of $26.39. Tapestry closed at $35.94 at the end of the last trading period.

With a Hold rating, Stifel initiated coverage on The Hain Celestial Group Inc HAIN. The price target seems to have been set at $17.00 for Hain Celestial Group. For the first quarter, Hain Celestial Group had an EPS of $0.10, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $43.53 and a 52-week-low of $15.23. Hain Celestial Group closed at $15.94 at the end of the last trading period.

Credit Suisse initiated coverage on Floor & Decor Holdings Inc FND with a Neutral rating. The price target for Floor & Decor Hldgs is set to $80.00. In the third quarter, Floor & Decor Hldgs showed an EPS of $0.70, compared to $0.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $132.99 and a 52-week-low of $59.91. Floor & Decor Hldgs closed at $70.91 at the end of the last trading period.

Credit Suisse initiated coverage on Five Below Inc FIVE with a Neutral rating. The price target for Five Below is set to $185.00. For the third quarter, Five Below had an EPS of $0.29, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $214.50 and a 52-week-low of $109.49. Five Below closed at $167.84 at the end of the last trading period.

Credit Suisse initiated coverage on Lowe's Companies Inc LOW with a Neutral rating. The price target for Lowe's Companies is set to $210.00. For the third quarter, Lowe's Companies had an EPS of $3.27, compared to year-ago quarter EPS of $2.73. At the moment, the stock has a 52-week-high of $260.83 and a 52-week-low of $170.12. Lowe's Companies closed at $203.17 at the end of the last trading period.

With a Neutral rating, Credit Suisse initiated coverage on Driven Brands Holdings Inc DRVN. The price target seems to have been set at $31.00 for Driven Brands Hldgs. For the third quarter, Driven Brands Hldgs 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 $35.45 and a 52-week-low of $24.62. Driven Brands Hldgs closed at $26.67 at the end of the last trading period.

Credit Suisse initiated coverage on Grocery Outlet Holding Corp GO with a Neutral rating. The price target for Grocery Outlet Holding is set to $30.00. Grocery Outlet Holding earned $0.27 in the third quarter, compared to $0.24 in the year-ago quarter. The current stock performance of Grocery Outlet Holding shows a 52-week-high of $46.37 and a 52-week-low of $23.69. Moreover, at the end of the last trading period, the closing price was at $29.19.

With an Underperform rating, Credit Suisse initiated coverage on Big Lots Inc BIG. The price target seems to have been set at $15.00 for Big Lots. Big Lots earned $2.99 in the third quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $50.87 and a 52-week-low of $14.27. Big Lots closed at $14.45 at the end of the last trading period.

See all analyst ratings initiations.