Benzinga's Top Ratings Upgrades, Downgrades For January 13, 2023

Upgrades

For OrganiGram Holdings Inc OGI, Stifel upgraded the previous rating of Hold to Buy. In the first quarter, OrganiGram Holdings showed an EPS of $0.01, compared to $0.00 from the year-ago quarter. The current stock performance of OrganiGram Holdings shows a 52-week-high of $1.87 and a 52-week-low of $0.70. Moreover, at the end of the last trading period, the closing price was at $0.90.

Janney Montgomery Scott upgraded the previous rating for Farmland Partners Inc FPI from Neutral to Buy. For the third quarter, Farmland Partners had an EPS of $0.05, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $16.43 and a 52-week-low of $10.62. At the end of the last trading period, Farmland Partners closed at $12.93.

For Community Healthcare Trust Inc CHCT, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. For the third quarter, Community Healthcare had an EPS of $0.63, compared to year-ago quarter EPS of $0.59. The current stock performance of Community Healthcare shows a 52-week-high of $47.98 and a 52-week-low of $30.38. Moreover, at the end of the last trading period, the closing price was at $39.34.

Evercore ISI Group upgraded the previous rating for Armstrong World Industries Inc AWI from Underperform to In-Line. For the third quarter, Armstrong World Indus had an EPS of $1.36, compared to year-ago quarter EPS of $1.17. At the moment, the stock has a 52-week-high of $112.71 and a 52-week-low of $66.86. Armstrong World Indus closed at $74.18 at the end of the last trading period.

For Icon PLC ICLR, Barclays upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, Icon showed an EPS of $3.00, compared to $2.55 from the year-ago quarter. The stock has a 52-week-high of $297.42 and a 52-week-low of $171.43. At the end of the last trading period, Icon closed at $222.66.

According to B of A Securities, the prior rating for The Timken Co TKR was changed from Neutral to Buy. For the third quarter, Timken had an EPS of $1.52, compared to year-ago quarter EPS of $1.18. At the moment, the stock has a 52-week-high of $76.33 and a 52-week-low of $50.85. Timken closed at $75.47 at the end of the last trading period.

According to B of A Securities, the prior rating for Caterpillar Inc CAT was changed from Neutral to Buy. In the third quarter, Caterpillar showed an EPS of $3.95, compared to $2.66 from the year-ago quarter. The stock has a 52-week-high of $257.38 and a 52-week-low of $160.60. At the end of the last trading period, Caterpillar closed at $255.07.

According to Mizuho, the prior rating for Pentair PLC PNR was changed from Neutral to Buy. For the third quarter, Pentair had an EPS of $0.99, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $71.40 and a 52-week-low of $38.55. Pentair closed at $49.86 at the end of the last trading period.

Mizuho upgraded the previous rating for Carrier Global Corp CARR from Neutral to Buy. For the third quarter, Carrier Global had an EPS of $0.70, compared to year-ago quarter EPS of $0.71. At the moment, the stock has a 52-week-high of $53.41 and a 52-week-low of $33.10. Carrier Global closed at $45.25 at the end of the last trading period.

For TransUnion TRU, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the third quarter, TransUnion had an EPS of $0.93, compared to year-ago quarter EPS of $1.01. The stock has a 52-week-high of $113.41 and a 52-week-low of $50.32. At the end of the last trading period, TransUnion closed at $66.91.

JP Morgan upgraded the previous rating for Copa Holdings SA CPA from Neutral to Overweight. For the third quarter, Copa Holdings had an EPS of $2.91, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $97.63 and a 52-week-low of $55.25. Copa Holdings closed at $87.91 at the end of the last trading period.

For Vulcan Materials Co VMC, RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the third quarter, Vulcan Materials showed an EPS of $1.78, compared to $1.54 from the year-ago quarter. The stock has a 52-week-high of $204.13 and a 52-week-low of $137.54. At the end of the last trading period, Vulcan Materials closed at $180.81.

See all analyst ratings upgrades.

Downgrades

For Tesla Inc TSLA, Guggenheim downgraded the previous rating of Neutral to Sell. For the third quarter, Tesla had an EPS of $1.05, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $384.29 and a 52-week-low of $101.81. Tesla closed at $123.56 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Raytheon Technologies Corp RTX was changed from Buy to Neutral. Raytheon Technologies earned $1.21 in the third quarter, compared to $1.26 in the year-ago quarter. The stock has a 52-week-high of $106.02 and a 52-week-low of $80.27. At the end of the last trading period, Raytheon Technologies closed at $100.68.

According to Atlantic Equities, the prior rating for Salesforce Inc CRM was changed from Overweight to Neutral. For the third quarter, Salesforce had an EPS of $1.40, compared to year-ago quarter EPS of $1.27. The stock has a 52-week-high of $239.28 and a 52-week-low of $126.34. At the end of the last trading period, Salesforce closed at $149.60.

For Polaris Inc PII, Northcoast Research downgraded the previous rating of Buy to Neutral. In the third quarter, Polaris showed an EPS of $3.25, compared to $1.98 from the year-ago quarter. The stock has a 52-week-high of $127.37 and a 52-week-low of $91.86. At the end of the last trading period, Polaris closed at $107.29.

Barclays downgraded the previous rating for Syneos Health Inc SYNH from Overweight to Underweight. In the third quarter, Syneos Health showed an EPS of $1.23, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $94.86 and a 52-week-low of $22.89. At the end of the last trading period, Syneos Health closed at $34.47.

For Gladstone Commercial Corp GOOD, Janney Montgomery Scott downgraded the previous rating of Buy to Neutral. Gladstone Commercial earned $0.44 in the third quarter, compared to $0.39 in the year-ago quarter. The stock has a 52-week-high of $25.05 and a 52-week-low of $15.02. At the end of the last trading period, Gladstone Commercial closed at $16.69.

According to Guggenheim, the prior rating for Warner Music Group Corp WMG was changed from Buy to Neutral. Warner Music Gr earned $0.32 in the fourth quarter, compared to $0.12 in the year-ago quarter. The current stock performance of Warner Music Gr shows a 52-week-high of $44.64 and a 52-week-low of $21.57. Moreover, at the end of the last trading period, the closing price was at $34.45.

For The Wendy's Co WEN, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the third quarter, Wendy's showed an EPS of $0.24, compared to $0.19 from the year-ago quarter. The current stock performance of Wendy's shows a 52-week-high of $23.99 and a 52-week-low of $15.77. Moreover, at the end of the last trading period, the closing price was at $21.78.

According to Exane BNP Paribas, the prior rating for The Mosaic Co MOS was changed from Neutral to Underperform. In the third quarter, Mosaic showed an EPS of $3.22, compared to $1.35 from the year-ago quarter. The current stock performance of Mosaic shows a 52-week-high of $79.28 and a 52-week-low of $37.08. Moreover, at the end of the last trading period, the closing price was at $46.98.

Desjardins downgraded the previous rating for Shaw Communications Inc SJR from Buy to Hold. For the first quarter, Shaw Comms had an EPS of $0.26, compared to year-ago quarter EPS of $0.31. The current stock performance of Shaw Comms shows a 52-week-high of $31.60 and a 52-week-low of $23.64. Moreover, at the end of the last trading period, the closing price was at $28.94.

Desjardins downgraded the previous rating for Algonquin Power & Utilities Corp AQN from Hold to Sell. Algonquin Power earned $0.11 in the third quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Algonquin Power shows a 52-week-high of $16.01 and a 52-week-low of $6.41. Moreover, at the end of the last trading period, the closing price was at $7.14.

For Casella Waste Systems Inc CWST, B of A Securities downgraded the previous rating of Neutral to Underperform. For the third quarter, Casella Waste Systems had an EPS of $0.45, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $92.75 and a 52-week-low of $63.90. At the end of the last trading period, Casella Waste Systems closed at $79.00.

B of A Securities downgraded the previous rating for Jacobs Solutions Inc J from Buy to Neutral. In the fourth quarter, Jacobs Solutions showed an EPS of $1.80, compared to $1.58 from the year-ago quarter. The current stock performance of Jacobs Solutions shows a 52-week-high of $150.32 and a 52-week-low of $106.78. Moreover, at the end of the last trading period, the closing price was at $127.82.

Goldman Sachs downgraded the previous rating for Northrop Grumman Corp NOC from Neutral to Sell. In the third quarter, Northrop Grumman showed an EPS of $5.89, compared to $6.63 from the year-ago quarter. The stock has a 52-week-high of $556.27 and a 52-week-low of $364.62. At the end of the last trading period, Northrop Grumman closed at $487.98.

Stifel downgraded the previous rating for AZZ Inc AZZ from Buy to Hold. For the third quarter, AZZ had an EPS of $0.88, compared to year-ago quarter EPS of $0.85. At the moment, the stock has a 52-week-high of $52.50 and a 52-week-low of $30.21. AZZ closed at $46.12 at the end of the last trading period.

For Lockheed Martin Corp LMT, Goldman Sachs downgraded the previous rating of Neutral to Sell. In the third quarter, Lockheed Martin showed an EPS of $6.87, compared to $2.21 from the year-ago quarter. The stock has a 52-week-high of $498.95 and a 52-week-low of $359.45. At the end of the last trading period, Lockheed Martin closed at $461.74.

According to Stifel, the prior rating for Costamare Inc CMRE was changed from Buy to Hold. For the third quarter, Costamare had an EPS of $0.88, compared to year-ago quarter EPS of $0.66. The stock has a 52-week-high of $18.01 and a 52-week-low of $8.55. At the end of the last trading period, Costamare closed at $9.99.

Wells Fargo downgraded the previous rating for AutoNation Inc AN from Overweight to Equal-Weight. AutoNation earned $6.00 in the third quarter, compared to $5.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $135.57 and a 52-week-low of $94.92. AutoNation closed at $115.92 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Lithia Motors Inc LAD from Overweight to Equal-Weight. In the third quarter, Lithia Motors showed an EPS of $11.08, compared to $11.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $349.61 and a 52-week-low of $180.00. Lithia Motors closed at $235.34 at the end of the last trading period.

BTIG downgraded the previous rating for Fortinet Inc FTNT from Buy to Neutral. Fortinet earned $0.33 in the third quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Fortinet shows a 52-week-high of $357.58 and a 52-week-low of $42.61. Moreover, at the end of the last trading period, the closing price was at $48.40.

According to Credit Suisse, the prior rating for Sunlight Financial Holdings Inc SUNL was changed from Outperform to Neutral. For the third quarter, Sunlight Finl Hldgs had an EPS of $0.16, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $5.70 and a 52-week-low of $0.96. At the end of the last trading period, Sunlight Finl Hldgs closed at $1.35.

For Corebridge Financial Inc CRBG, Credit Suisse downgraded the previous rating of Outperform to Neutral. At the moment, the stock has a 52-week-high of $23.50 and a 52-week-low of $18.81. Corebridge Financial closed at $21.10 at the end of the last trading period.

According to RBC Capital, the prior rating for Masonite International Corp DOOR was changed from Outperform to Sector Perform. Masonite International earned $2.53 in the third quarter, compared to $1.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $115.13 and a 52-week-low of $65.70. Masonite International closed at $89.67 at the end of the last trading period.

RBC Capital downgraded the previous rating for KB Home KBH from Outperform to Sector Perform. In the fourth quarter, KB Home showed an EPS of $2.47, compared to $1.91 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.20 and a 52-week-low of $24.78. KB Home closed at $34.91 at the end of the last trading period.

RBC Capital downgraded the previous rating for Fortune Brands Innovations Inc FBIN from Outperform to Sector Perform. At the moment, the stock has a 52-week-high of $63.19 and a 52-week-low of $49.51. Fortune Brands closed at $62.67 at the end of the last trading period.

According to RBC Capital, the prior rating for Dream Finders Homes Inc DFH was changed from Sector Perform to Underperform. For the third quarter, Dream Finders Homes had an EPS of $0.64, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $23.09 and a 52-week-low of $8.17. Dream Finders Homes closed at $10.30 at the end of the last trading period.

For Lennar Corp LEN, RBC Capital downgraded the previous rating of Sector Perform to Underperform. For the fourth quarter, Lennar had an EPS of $5.02, compared to year-ago quarter EPS of $4.36. The stock has a 52-week-high of $112.50 and a 52-week-low of $62.54. At the end of the last trading period, Lennar closed at $99.15.

See all analyst ratings downgrades.

Initiations

UBS initiated coverage on Pagaya Technologies Ltd PGY with a Neutral rating. The price target for Pagaya Technologies is set to $1.25. The current stock performance of Pagaya Technologies shows a 52-week-high of $34.50 and a 52-week-low of $0.57. Moreover, at the end of the last trading period, the closing price was at $1.24.

With a Buy rating, Brookline Capital initiated coverage on electroCore Inc ECOR. The price target seems to have been set at $1.25 for electroCore. For the third quarter, electroCore had an EPS of $0.08, compared to year-ago quarter EPS of $0.06. The current stock performance of electroCore shows a 52-week-high of $0.98 and a 52-week-low of $0.20. Moreover, at the end of the last trading period, the closing price was at $0.30.

With an Overweight rating, Capital One initiated coverage on Workday Inc WDAY. The price target seems to have been set at $200.00 for Workday. Workday earned $0.99 in the third quarter, compared to $1.10 in the year-ago quarter. The stock has a 52-week-high of $261.89 and a 52-week-low of $128.72. At the end of the last trading period, Workday closed at $163.59.

Truist Securities initiated coverage on Summit Materials Inc SUM with a Buy rating. The price target for Summit Materials is set to $40.00. In the third quarter, Summit Materials showed an EPS of $0.70, compared to $0.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.10 and a 52-week-low of $21.62. Summit Materials closed at $30.99 at the end of the last trading period.

Wedbush initiated coverage on Getaround Inc GETR with an Outperform rating. The price target for Getaround is set to $5.00. The stock has a 52-week-high of $3.29 and a 52-week-low of $0.50. At the end of the last trading period, Getaround closed at $0.65.

With an Outperform rating, Credit Suisse initiated coverage on Aon PLC AON. The price target seems to have been set at $363.00 for Aon. Aon earned $2.02 in the third quarter, compared to $1.74 in the year-ago quarter. The stock has a 52-week-high of $341.98 and a 52-week-low of $246.21. At the end of the last trading period, Aon closed at $315.87.

For Teradyne Inc TER, Jefferies initiated coverage, by setting the current rating at Buy. For the third quarter, Teradyne had an EPS of $1.15, compared to year-ago quarter EPS of $1.59. The stock has a 52-week-high of $167.69 and a 52-week-low of $67.81. At the end of the last trading period, Teradyne closed at $96.14.

For FormFactor Inc FORM, Jefferies initiated coverage, by setting the current rating at Hold. FormFactor earned $0.24 in the third quarter, compared to $0.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.20 and a 52-week-low of $18.15. FormFactor closed at $25.48 at the end of the last trading period.

Jefferies initiated coverage on Overstock.com Inc OSTK with a Hold rating. The price target for Overstock.com is set to $20.00. In the third quarter, Overstock.com showed an EPS of $0.13, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.46 and a 52-week-low of $17.05. Overstock.com closed at $21.34 at the end of the last trading period.

With a Neutral rating, DA Davidson initiated coverage on Rapid7 Inc RPD. The price target seems to have been set at $34.00 for Rapid7. In the third quarter, Rapid7 showed an EPS of $0.14, compared to $0.06 from the year-ago quarter. The current stock performance of Rapid7 shows a 52-week-high of $118.25 and a 52-week-low of $26.48. Moreover, at the end of the last trading period, the closing price was at $34.18.

See all analyst ratings initiations.