Benzinga's Top Ratings Upgrades, Downgrades For December 21, 2022

Upgrades

For PagSeguro Digital Ltd PAGS, New Street Research upgraded the previous rating of Neutral to Buy. In the third quarter, PagSeguro Digital showed an EPS of $0.24, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $28.68 and a 52-week-low of $7.51. At the end of the last trading period, PagSeguro Digital closed at $7.89.

For The Chefs' Warehouse Inc CHEF, Jefferies upgraded the previous rating of Hold to Buy. The Chefs' Warehouse earned $0.41 in the third quarter, compared to $0.12 in the year-ago quarter. The current stock performance of The Chefs' Warehouse shows a 52-week-high of $42.16 and a 52-week-low of $26.27. Moreover, at the end of the last trading period, the closing price was at $33.47.

According to Piper Sandler, the prior rating for Adaptive Biotechnologies Corp ADPT was changed from Neutral to Overweight. In the third quarter, Adaptive Biotechnologies showed an EPS of $0.32, compared to $0.40 from the year-ago quarter. The current stock performance of Adaptive Biotechnologies shows a 52-week-high of $30.51 and a 52-week-low of $5.96. Moreover, at the end of the last trading period, the closing price was at $7.09.

According to DA Davidson, the prior rating for Zions Bancorp NA ZION was changed from Neutral to Buy. In the third quarter, Zions Bancorp showed an EPS of $1.40, compared to $1.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $75.44 and a 52-week-low of $45.21. Zions Bancorp closed at $46.13 at the end of the last trading period.

For Comerica Inc CMA, DA Davidson upgraded the previous rating of Neutral to Buy. For the third quarter, Comerica had an EPS of $2.60, compared to year-ago quarter EPS of $1.90. The current stock performance of Comerica shows a 52-week-high of $102.09 and a 52-week-low of $62.83. Moreover, at the end of the last trading period, the closing price was at $63.59.

See all analyst ratings upgrades.

Downgrades

Wedbush downgraded the previous rating for Shake Shack Inc SHAK from Outperform to Neutral. In the third quarter, Shake Shack showed an EPS of $0.06, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $79.62 and a 52-week-low of $37.72. At the end of the last trading period, Shake Shack closed at $46.80.

Wedbush downgraded the previous rating for Denny's Corp DENN from Outperform to Neutral. In the third quarter, Denny's showed an EPS of $0.12, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.97 and a 52-week-low of $8.46. Denny's closed at $9.40 at the end of the last trading period.

Wedbush downgraded the previous rating for The One Group Hospitality Inc STKS from Outperform to Neutral. In the third quarter, The One Group Hospitality showed an EPS of $0.07, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $13.85 and a 52-week-low of $4.91. At the end of the last trading period, The One Group Hospitality closed at $6.25.

According to Wedbush, the prior rating for Papa John's International Inc PZZA was changed from Outperform to Neutral. In the third quarter, Papa John's International showed an EPS of $0.54, compared to $0.83 from the year-ago quarter. The current stock performance of Papa John's International shows a 52-week-high of $138.53 and a 52-week-low of $66.74. Moreover, at the end of the last trading period, the closing price was at $84.80.

For Jack In The Box Inc JACK, Wedbush downgraded the previous rating of Outperform to Neutral. In the fourth quarter, Jack In The Box showed an EPS of $1.33, compared to $1.80 from the year-ago quarter. The current stock performance of Jack In The Box shows a 52-week-high of $96.87 and a 52-week-low of $54.80. Moreover, at the end of the last trading period, the closing price was at $67.46.

According to Gordon Haskett, the prior rating for Target Corp TGT was changed from Buy to Hold. In the third quarter, Target showed an EPS of $1.54, compared to $3.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $254.87 and a 52-week-low of $137.16. Target closed at $143.25 at the end of the last trading period.

According to Truist Securities, the prior rating for Opendoor Technologies Inc OPEN was changed from Buy to Hold. In the third quarter, Opendoor Technologies showed an EPS of $0.52, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $15.24 and a 52-week-low of $1.19. At the end of the last trading period, Opendoor Technologies closed at $1.26.

For Carvana Co CVNA, Truist Securities downgraded the previous rating of Buy to Hold. For the third quarter, Carvana had an EPS of $2.67, compared to year-ago quarter EPS of $0.38. The current stock performance of Carvana shows a 52-week-high of $245.83 and a 52-week-low of $3.55. Moreover, at the end of the last trading period, the closing price was at $4.16.

According to Truist Securities, the prior rating for Redfin Corp RDFN was changed from Buy to Hold. Redfin earned $0.83 in the third quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Redfin shows a 52-week-high of $41.07 and a 52-week-low of $3.08. Moreover, at the end of the last trading period, the closing price was at $4.79.

New Street Research downgraded the previous rating for DLocal Ltd DLO from Buy to Neutral. DLocal earned $0.10 in the third quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $37.30 and a 52-week-low of $9.03. At the end of the last trading period, DLocal closed at $14.60.

According to Wolfe Research, the prior rating for Roblox Corp RBLX was changed from Peer Perform to Underperform. Roblox earned $0.50 in the third quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $108.78 and a 52-week-low of $21.65. At the end of the last trading period, Roblox closed at $27.58.

Wolfe Research downgraded the previous rating for RingCentral Inc RNG from Outperform to Peer Perform. For the third quarter, RingCentral had an EPS of $0.55, compared to year-ago quarter EPS of $0.36. The current stock performance of RingCentral shows a 52-week-high of $198.79 and a 52-week-low of $28.00. Moreover, at the end of the last trading period, the closing price was at $35.70.

Wolfe Research downgraded the previous rating for Palantir Technologies Inc PLTR from Peer Perform to Underperform. For the third quarter, Palantir Technologies had an EPS of $0.01, compared to year-ago quarter EPS of $0.04. The current stock performance of Palantir Technologies shows a 52-week-high of $19.45 and a 52-week-low of $6.20. Moreover, at the end of the last trading period, the closing price was at $6.31.

According to Wolfe Research, the prior rating for Freshworks Inc FRSH was changed from Outperform to Peer Perform. Freshworks earned $0.01 in the third quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Freshworks shows a 52-week-high of $29.66 and a 52-week-low of $10.51. Moreover, at the end of the last trading period, the closing price was at $14.50.

According to Jefferies, the prior rating for Red Robin Gourmet Burgers Inc RRGB was changed from Buy to Hold. In the third quarter, Red Robin Gourmet Burgers showed an EPS of $1.03, compared to $0.88 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.64 and a 52-week-low of $5.95. Red Robin Gourmet Burgers closed at $6.63 at the end of the last trading period.

According to Jefferies, the prior rating for Starbucks Corp SBUX was changed from Buy to Hold. For the fourth quarter, Starbucks had an EPS of $0.81, compared to year-ago quarter EPS of $1.00. The current stock performance of Starbucks shows a 52-week-high of $117.80 and a 52-week-low of $68.39. Moreover, at the end of the last trading period, the closing price was at $98.00.

For Brinker International Inc EAT, Jefferies downgraded the previous rating of Buy to Hold. For the first quarter, Brinker International had an EPS of $0.57, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $44.03 and a 52-week-low of $21.47. At the end of the last trading period, Brinker International closed at $32.62.

Morgan Stanley downgraded the previous rating for Ionis Pharmaceuticals Inc IONS from Overweight to Equal-Weight. In the third quarter, Ionis Pharmaceuticals showed an EPS of $0.16, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $48.82 and a 52-week-low of $28.25. At the end of the last trading period, Ionis Pharmaceuticals closed at $38.92.

According to BMO Capital, the prior rating for Trane Technologies PLC TT was changed from Outperform to Market Perform. Trane Technologies earned $2.27 in the third quarter, compared to $1.80 in the year-ago quarter. The current stock performance of Trane Technologies shows a 52-week-high of $203.34 and a 52-week-low of $120.64. Moreover, at the end of the last trading period, the closing price was at $168.75.

BMO Capital downgraded the previous rating for Altra Industrial Motion Corp AIMC from Outperform to Market Perform. For the third quarter, Altra Industrial Motion had an EPS of $0.80, compared to year-ago quarter EPS of $0.80. The stock has a 52-week-high of $60.44 and a 52-week-low of $32.18. At the end of the last trading period, Altra Industrial Motion closed at $59.22.

According to Piper Sandler, the prior rating for Inspirato Incorporated ISPO was changed from Overweight to Neutral. In the third quarter, Inspirato showed an EPS of $0.20, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $108.00 and a 52-week-low of $1.14. Inspirato closed at $1.16 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Maxim Group initiated coverage on Mobile Global Esports Inc MGAM with a Buy rating. The price target for Mobile Global Esports is set to $1.50. In the third quarter, Mobile Global Esports showed an EPS of $0.02, compared to $0.00 from the year-ago quarter. The current stock performance of Mobile Global Esports shows a 52-week-high of $20.74 and a 52-week-low of $0.61. Moreover, at the end of the last trading period, the closing price was at $0.64.

With a Buy rating, DA Davidson initiated coverage on Citizens Financial Group Inc CFG. The price target seems to have been set at $47.00 for Citizens Financial Group. In the third quarter, Citizens Financial Group showed an EPS of $1.30, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $57.00 and a 52-week-low of $32.66. At the end of the last trading period, Citizens Financial Group closed at $38.05.

DA Davidson initiated coverage on Fifth Third Bancorp FITB with a Neutral rating. The price target for Fifth Third Bancorp is set to $36.00. For the third quarter, Fifth Third Bancorp had an EPS of $0.91, compared to year-ago quarter EPS of $0.97. The current stock performance of Fifth Third Bancorp shows a 52-week-high of $50.64 and a 52-week-low of $30.92. Moreover, at the end of the last trading period, the closing price was at $31.69.

DA Davidson initiated coverage on M&T Bank Corp MTB with a Neutral rating. The price target for M&T Bank is set to $160.00. In the third quarter, M&T Bank showed an EPS of $3.83, compared to $3.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $193.42 and a 52-week-low of $138.43. M&T Bank closed at $140.31 at the end of the last trading period.

With a Neutral rating, DA Davidson initiated coverage on U.S. Bancorp USB. The price target seems to have been set at $47.00 for U.S. Bancorp. For the third quarter, U.S. Bancorp had an EPS of $1.18, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $63.57 and a 52-week-low of $38.39. At the end of the last trading period, U.S. Bancorp closed at $41.93.

With a Buy rating, Maxim Group initiated coverage on Atlis Motor Vehicles Inc AMV. The price target seems to have been set at $15.00 for Atlis Motor Vehicles. At the moment, the stock has a 52-week-high of $243.99 and a 52-week-low of $4.28. Atlis Motor Vehicles closed at $4.39 at the end of the last trading period.

Janney Montgomery Scott initiated coverage on Middlefield Banc Corp MBCN with a Neutral rating. The price target for Middlefield Banc is set to $30.00. For the third quarter, Middlefield Banc had an EPS of $0.73, compared to year-ago quarter EPS of $0.85. The current stock performance of Middlefield Banc shows a 52-week-high of $30.62 and a 52-week-low of $23.65. Moreover, at the end of the last trading period, the closing price was at $28.02.

With a Buy rating, EF Hutton initiated coverage on Alpine Income Property Trust Inc PINE. The price target seems to have been set at $22.00 for Alpine Income Prop Trust. Alpine Income Prop Trust earned $0.40 in the third quarter, compared to $0.37 in the year-ago quarter. The stock has a 52-week-high of $21.07 and a 52-week-low of $15.41. At the end of the last trading period, Alpine Income Prop Trust closed at $18.49.

Barclays initiated coverage on ZimVie Inc ZIMV with an Underweight rating. The price target for ZimVie is set to $9.00. The stock has a 52-week-high of $33.44 and a 52-week-low of $6.67. At the end of the last trading period, ZimVie closed at $9.28.

Barclays initiated coverage on LivaNova PLC LIVN with a Equal-Weight rating. The price target for LivaNova is set to $62.00. In the third quarter, LivaNova showed an EPS of $0.58, compared to $0.68 from the year-ago quarter. The current stock performance of LivaNova shows a 52-week-high of $89.69 and a 52-week-low of $41.82. Moreover, at the end of the last trading period, the closing price was at $55.18.

With a Equal-Weight rating, Barclays initiated coverage on Cardiovascular Systems Inc CSII. The price target seems to have been set at $15.00 for Cardiovascular Systems. Cardiovascular Systems earned $0.27 in the first quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $23.47 and a 52-week-low of $12.26. At the end of the last trading period, Cardiovascular Systems closed at $14.73.

With a Equal-Weight rating, Barclays initiated coverage on Bausch & Lomb Corp BLCO. The price target seems to have been set at $17.00 for Bausch & Lomb. In the third quarter, Bausch & Lomb showed an EPS of $0.31, compared to $0.35 from the year-ago quarter. The current stock performance of Bausch & Lomb shows a 52-week-high of $20.20 and a 52-week-low of $12.20. Moreover, at the end of the last trading period, the closing price was at $14.54.

With an Overweight rating, Barclays initiated coverage on InMode Ltd INMD. The price target seems to have been set at $44.00 for InMode. For the third quarter, InMode had an EPS of $0.66, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $73.75 and a 52-week-low of $20.60. InMode closed at $35.22 at the end of the last trading period.

Janney Montgomery Scott initiated coverage on Farmers & Merchants Bancorp Inc FMAO with a Neutral rating. The price target for Farmers & Merchants is set to $30.00. For the third quarter, Farmers & Merchants had an EPS of $0.68, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $42.13 and a 52-week-low of $25.17. Farmers & Merchants closed at $27.54 at the end of the last trading period.

Evercore ISI Group initiated coverage on BJ's Wholesale Club Holdings Inc BJ with an In-Line rating. The price target for BJ's Wholesale Club is set to $70.00. 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 $66.47.

With a Strong Buy rating, Raymond James initiated coverage on NBT Bancorp Inc NBTB. The price target seems to have been set at $49.00 for NBT Bancorp. In the third quarter, NBT Bancorp showed an EPS of $0.90, compared to $0.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $48.68 and a 52-week-low of $34.58. NBT Bancorp closed at $41.97 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on PepGen Inc PEPG with a Buy rating. The price target for PepGen is set to $26.00. For the third quarter, PepGen had an EPS of $0.79, compared to year-ago quarter EPS of $9.07. The stock has a 52-week-high of $17.81 and a 52-week-low of $4.32. At the end of the last trading period, PepGen closed at $14.51.

With a Buy rating, HC Wainwright & Co. initiated coverage on Surgalign Holdings Inc SRGA. The price target seems to have been set at $3.50 for Surgalign Holdings. Surgalign Holdings earned $1.78 in the third quarter, compared to $3.60 in the year-ago quarter. The current stock performance of Surgalign Holdings shows a 52-week-high of $25.50 and a 52-week-low of $0.14. Moreover, at the end of the last trading period, the closing price was at $1.36.

Roth Capital initiated coverage on Phibro Animal Health Corp PAHC with a Buy rating. The price target for Phibro Animal Health is set to $18.00. Phibro Animal Health earned $0.21 in the first quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $22.16 and a 52-week-low of $11.75. At the end of the last trading period, Phibro Animal Health closed at $12.75.

Chardan Capital initiated coverage on Xilio Therapeutics Inc XLO with a Buy rating. The price target for Xilio Therapeutics is set to $7.00. In the third quarter, Xilio Therapeutics showed an EPS of $0.72, compared to $21.27 from the year-ago quarter. The stock has a 52-week-high of $16.93 and a 52-week-low of $1.97. At the end of the last trading period, Xilio Therapeutics closed at $1.97.

Jefferies initiated coverage on ProKidney Corp PROK with a Buy rating. The price target for ProKidney is set to $15.00. At the moment, the stock has a 52-week-high of $14.00 and a 52-week-low of $6.19. ProKidney closed at $7.30 at the end of the last trading period.

Raymond James initiated coverage on Brookline Bancorp Inc BRKL with a Market Perform rating. In the third quarter, Brookline Bancorp showed an EPS of $0.39, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.74 and a 52-week-low of $11.59. Brookline Bancorp closed at $13.66 at the end of the last trading period.

For Independent Bank Corp INDB, Raymond James initiated coverage, by setting the current rating at Market Perform. In the third quarter, Independent Bank showed an EPS of $1.57, compared to $1.25 from the year-ago quarter. The current stock performance of Independent Bank shows a 52-week-high of $91.65 and a 52-week-low of $74.28. Moreover, at the end of the last trading period, the closing price was at $83.59.

For Camden National Corp CAC, Raymond James initiated coverage, by setting the current rating at Market Perform. In the third quarter, Camden National showed an EPS of $0.97, compared to $0.97 from the year-ago quarter. The stock has a 52-week-high of $52.16 and a 52-week-low of $40.35. At the end of the last trading period, Camden National closed at $40.38.

Raymond James initiated coverage on Community Bank System Inc CBU with a Market Perform rating. In the third quarter, Community Bank System showed an EPS of $0.94, compared to $0.83 from the year-ago quarter. At the moment, the stock has a 52-week-high of $78.00 and a 52-week-low of $58.28. Community Bank System closed at $61.03 at the end of the last trading period.

With a Strong Buy rating, Raymond James initiated coverage on Valley National Bancorp VLY. The price target seems to have been set at $14.00 for Valley National. Valley National earned $0.35 in the third quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.10 and a 52-week-low of $10.01. Valley National closed at $11.22 at the end of the last trading period.

With a Buy rating, DA Davidson initiated coverage on KeyCorp KEY. The price target seems to have been set at $20.00 for KeyCorp. For the third quarter, KeyCorp had an EPS of $0.55, compared to year-ago quarter EPS of $0.65. The stock has a 52-week-high of $27.17 and a 52-week-low of $15.26. At the end of the last trading period, KeyCorp closed at $16.63.

DA Davidson initiated coverage on Regions Financial Corp RF with a Buy rating. The price target for Regions Financial is set to $25.00. Regions Financial earned $0.56 in the third quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $25.57 and a 52-week-low of $18.01. Regions Financial closed at $20.71 at the end of the last trading period.

With a Buy rating, DA Davidson initiated coverage on Cullen/Frost Bankers Inc CFR. The price target seems to have been set at $147.00 for Cullen/Frost Bankers. For the third quarter, Cullen/Frost Bankers had an EPS of $2.59, compared to year-ago quarter EPS of $1.65. The stock has a 52-week-high of $160.60 and a 52-week-low of $112.67. At the end of the last trading period, Cullen/Frost Bankers closed at $127.94.

For The Bank of Princeton BPRN, Raymond James initiated coverage, by setting the current rating at Market Perform. In the third quarter, Bank of Princeton showed an EPS of $1.09, compared to $0.88 from the year-ago quarter. The current stock performance of Bank of Princeton shows a 52-week-high of $33.00 and a 52-week-low of $26.57. Moreover, at the end of the last trading period, the closing price was at $31.99.

For Cambridge Bancorp CATC, Raymond James initiated coverage, by setting the current rating at Market Perform. Cambridge earned $2.09 in the third quarter, compared to $1.97 in the year-ago quarter. The current stock performance of Cambridge shows a 52-week-high of $94.64 and a 52-week-low of $77.62. Moreover, at the end of the last trading period, the closing price was at $83.50.

With a Buy rating, Benchmark initiated coverage on Schneider National Inc SNDR. The price target seems to have been set at $31.00 for Schneider National. Schneider National earned $0.70 in the third quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $27.50 and a 52-week-low of $20.26. At the end of the last trading period, Schneider National closed at $23.35.

SMBC Nikko initiated coverage on Appian Corp APPN with a Neutral rating. The price target for Appian is set to $37.00. For the third quarter, Appian had an EPS of $0.43, compared to year-ago quarter EPS of $0.22. The current stock performance of Appian shows a 52-week-high of $73.63 and a 52-week-low of $33.02. Moreover, at the end of the last trading period, the closing price was at $34.01.

See all analyst ratings initiations.