Benzinga's Top Ratings Upgrades, Downgrades For January 24, 2023

Upgrades

UBS upgraded the previous rating for Universal Health Services Inc UHS from Sell to Neutral. For the third quarter, Universal Health Services had an EPS of $2.54, compared to year-ago quarter EPS of $2.67. The stock has a 52-week-high of $158.28 and a 52-week-low of $82.50. At the end of the last trading period, Universal Health Services closed at $148.41.

Evercore ISI Group upgraded the previous rating for Eversource Energy ES from In-Line to Outperform. Eversource Energy earned $1.01 in the third quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $94.63 and a 52-week-low of $70.54. Eversource Energy closed at $79.89 at the end of the last trading period.

Evercore ISI Group upgraded the previous rating for Consolidated Edison Inc ED from Underperform to In-Line. For the third quarter, Consolidated Edison had an EPS of $1.63, compared to year-ago quarter EPS of $1.41. At the moment, the stock has a 52-week-high of $102.21 and a 52-week-low of $78.10. Consolidated Edison closed at $93.55 at the end of the last trading period.

Credit Suisse upgraded the previous rating for West Fraser Timber Co.Ltd WFG from Neutral to Outperform. West Fraser Timber earned $2.50 in the third quarter, compared to $4.20 in the year-ago quarter. The stock has a 52-week-high of $102.96 and a 52-week-low of $68.75. At the end of the last trading period, West Fraser Timber closed at $74.56.

For Marathon Oil Corp MRO, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the third quarter, Marathon Oil had an EPS of $1.24, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $33.42 and a 52-week-low of $17.02. Marathon Oil closed at $28.10 at the end of the last trading period.

B of A Securities upgraded the previous rating for Hannon Armstrong Sustainable Infrastructure Capital Inc HASI from Underperform to Neutral. Hannon Armstrong earned $0.49 in the third quarter, compared to $0.41 in the year-ago quarter. The current stock performance of Hannon Armstrong shows a 52-week-high of $51.71 and a 52-week-low of $21.56. Moreover, at the end of the last trading period, the closing price was at $33.83.

For Intellia Therapeutics Inc NTLA, Citigroup upgraded the previous rating of Sell to Neutral. In the third quarter, Intellia Therapeutics showed an EPS of $1.49, compared to $0.97 from the year-ago quarter. The stock has a 52-week-high of $104.87 and a 52-week-low of $32.44. At the end of the last trading period, Intellia Therapeutics closed at $35.88.

UBS upgraded the previous rating for The Chemours Co CC from Neutral to Buy. In the third quarter, Chemours showed an EPS of $1.24, compared to $1.27 from the year-ago quarter. The current stock performance of Chemours shows a 52-week-high of $44.95 and a 52-week-low of $22.56. Moreover, at the end of the last trading period, the closing price was at $33.92.

According to Stifel, the prior rating for Xylem Inc XYL was changed from Hold to Buy. In the third quarter, Xylem showed an EPS of $0.79, compared to $0.63 from the year-ago quarter. The stock has a 52-week-high of $118.58 and a 52-week-low of $72.08. At the end of the last trading period, Xylem closed at $101.42.

According to JP Morgan, the prior rating for Allogene Therapeutics Inc ALLO was changed from Neutral to Overweight. For the third quarter, Allogene Therapeutics had an EPS of $0.58, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $17.49 and a 52-week-low of $5.41. At the end of the last trading period, Allogene Therapeutics closed at $6.86.

For Blackstone Inc BX, JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, Blackstone had an EPS of $1.06, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $138.95 and a 52-week-low of $71.72. At the end of the last trading period, Blackstone closed at $87.83.

For Lyft Inc LYFT, Keybanc upgraded the previous rating of Sector Weight to Overweight. Lyft earned $0.10 in the third quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Lyft shows a 52-week-high of $45.65 and a 52-week-low of $9.66. Moreover, at the end of the last trading period, the closing price was at $15.41.

See all analyst ratings upgrades.

Downgrades

UBS downgraded the previous rating for The Mosaic Co MOS from Buy to Neutral. Mosaic earned $3.22 in the third quarter, compared to $1.35 in 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 $48.35.

Janney Montgomery Scott downgraded the previous rating for CapStar Financial Holdings Inc CSTR from Buy to Neutral. CapStar Finl Hldgs earned $0.47 in the fourth quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $22.17 and a 52-week-low of $15.71. CapStar Finl Hldgs closed at $17.11 at the end of the last trading period.

Baird downgraded the previous rating for Canada Goose Holdings Inc GOOS from Outperform to Neutral. In the second quarter, Canada Goose Hldgs showed an EPS of $0.17, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.45 and a 52-week-low of $14.51. Canada Goose Hldgs closed at $21.83 at the end of the last trading period.

Evercore ISI Group downgraded the previous rating for American Electric Power Co Inc AEP from Outperform to In-Line. In the third quarter, American Electric Power showed an EPS of $1.62, compared to $1.43 from the year-ago quarter. The current stock performance of American Electric Power shows a 52-week-high of $105.60 and a 52-week-low of $80.30. Moreover, at the end of the last trading period, the closing price was at $92.66.

DA Davidson downgraded the previous rating for CapStar Financial Holdings Inc CSTR from Buy to Neutral. For the fourth quarter, CapStar Finl Hldgs had an EPS of $0.47, compared to year-ago quarter EPS of $0.56. At the moment, the stock has a 52-week-high of $22.17 and a 52-week-low of $15.71. CapStar Finl Hldgs closed at $17.11 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Ovintiv Inc OVV was changed from Overweight to Equal-Weight. Ovintiv earned $1.44 in the third quarter, compared to $1.50 in the year-ago quarter. The current stock performance of Ovintiv shows a 52-week-high of $63.30 and a 52-week-low of $34.41. Moreover, at the end of the last trading period, the closing price was at $51.35.

For Dine Brands Global Inc DIN, Raymond James downgraded the previous rating of Outperform to Market Perform. For the third quarter, Dine Brands Global had an EPS of $1.66, compared to year-ago quarter EPS of $1.55. At the moment, the stock has a 52-week-high of $84.14 and a 52-week-low of $61.02. Dine Brands Global closed at $79.11 at the end of the last trading period.

Raymond James downgraded the previous rating for Cheesecake Factory Inc CAKE from Outperform to Market Perform. In the third quarter, Cheesecake Factory showed an EPS of $0.03, compared to $0.65 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.65 and a 52-week-low of $26.05. Cheesecake Factory closed at $40.93 at the end of the last trading period.

According to Atlantic Equities, the prior rating for Vulcan Materials Co VMC was changed from Overweight to Neutral. Vulcan Materials earned $1.78 in the third quarter, compared to $1.54 in the year-ago quarter. The stock has a 52-week-high of $193.31 and a 52-week-low of $137.54. At the end of the last trading period, Vulcan Materials closed at $179.45.

According to Scotiabank, the prior rating for Kilroy Realty Corp KRC was changed from Sector Outperform to Sector Perform. In the third quarter, Kilroy Realty showed an EPS of $1.17, compared to $0.98 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.06 and a 52-week-low of $37.15. Kilroy Realty closed at $38.67 at the end of the last trading period.

According to Atlantic Equities, the prior rating for Martin Marietta Materials Inc MLM was changed from Overweight to Neutral. Martin Marietta Materials earned $4.69 in the third quarter, compared to $4.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $406.85 and a 52-week-low of $284.99. Martin Marietta Materials closed at $348.93 at the end of the last trading period.

According to UBS, the prior rating for Sealed Air Corp SEE was changed from Buy to Neutral. For the third quarter, Sealed Air had an EPS of $0.98, compared to year-ago quarter EPS of $0.86. At the moment, the stock has a 52-week-high of $70.72 and a 52-week-low of $41.24. Sealed Air closed at $53.79 at the end of the last trading period.

Bernstein downgraded the previous rating for Lululemon Athletica Inc LULU from Market Perform to Underperform. Lululemon Athletica earned $2.00 in the third quarter, compared to $1.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $410.70 and a 52-week-low of $251.51. Lululemon Athletica closed at $316.08 at the end of the last trading period.

According to HC Wainwright & Co., the prior rating for Fate Therapeutics Inc FATE was changed from Buy to Neutral. For the third quarter, Fate Therapeutics had an EPS of $0.86, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $43.14 and a 52-week-low of $4.02. Fate Therapeutics closed at $5.55 at the end of the last trading period.

According to JP Morgan, the prior rating for TPG Inc TPG was changed from Overweight to Neutral. The stock has a 52-week-high of $44.43 and a 52-week-low of $23.09. At the end of the last trading period, TPG closed at $32.88.

According to Bernstein, the prior rating for Advanced Micro Devices Inc AMD was changed from Outperform to Market Perform. For the third quarter, Advanced Micro Devices had an EPS of $0.67, compared to year-ago quarter EPS of $0.73. The stock has a 52-week-high of $132.96 and a 52-week-low of $54.57. At the end of the last trading period, Advanced Micro Devices closed at $76.53.

Baird downgraded the previous rating for Peloton Interactive Inc PTON from Outperform to Neutral. For the first quarter, Peloton Interactive had an EPS of $1.20, compared to year-ago quarter EPS of $1.25. The current stock performance of Peloton Interactive shows a 52-week-high of $40.35 and a 52-week-low of $6.66. Moreover, at the end of the last trading period, the closing price was at $11.66.

For VF Corp VFC, Baird downgraded the previous rating of Outperform to Neutral. VF earned $0.73 in the second quarter, compared to $1.11 in the year-ago quarter. The current stock performance of VF shows a 52-week-high of $69.48 and a 52-week-low of $25.05. Moreover, at the end of the last trading period, the closing price was at $30.49.

For Toast Inc TOST, Baird downgraded the previous rating of Outperform to Neutral. For the third quarter, Toast had an EPS of $0.19, compared to year-ago quarter EPS of $1.05. The current stock performance of Toast shows a 52-week-high of $30.60 and a 52-week-low of $11.91. Moreover, at the end of the last trading period, the closing price was at $22.34.

See all analyst ratings downgrades.

Initiations

Wells Fargo initiated coverage on Darden Restaurants Inc DRI with a Equal-Weight rating. The price target for Darden Restaurants is set to $155.00. In the second quarter, Darden Restaurants showed an EPS of $1.52, compared to $1.48 from the year-ago quarter. The stock has a 52-week-high of $152.08 and a 52-week-low of $110.96. At the end of the last trading period, Darden Restaurants closed at $148.10.

JP Morgan initiated coverage on Check Point Software Technologies Ltd CHKP with a Neutral rating. The price target for Check Point Software is set to $134.00. Check Point Software earned $1.77 in the third quarter, compared to $1.65 in the year-ago quarter. The current stock performance of Check Point Software shows a 52-week-high of $149.62 and a 52-week-low of $107.54. Moreover, at the end of the last trading period, the closing price was at $129.03.

For Check Point Software Technologies Ltd CHKP, Guggenheim initiated coverage, by setting the current rating at Neutral. For the third quarter, Check Point Software had an EPS of $1.77, compared to year-ago quarter EPS of $1.65. At the moment, the stock has a 52-week-high of $149.62 and a 52-week-low of $107.54. Check Point Software closed at $129.03 at the end of the last trading period.

For Virgin Galactic Holdings Inc SPCE, Keybanc initiated coverage, by setting the current rating at Sector Weight. For the third quarter, Virgin Galactic Hldgs had an EPS of $0.55, compared to year-ago quarter EPS of $0.32. The current stock performance of Virgin Galactic Hldgs shows a 52-week-high of $11.25 and a 52-week-low of $3.25. Moreover, at the end of the last trading period, the closing price was at $5.31.

With an Overweight rating, JP Morgan initiated coverage on Okta Inc OKTA. The price target seems to have been set at $90.00 for Okta. Okta earned $0.00 in the third quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Okta shows a 52-week-high of $205.88 and a 52-week-low of $44.12. Moreover, at the end of the last trading period, the closing price was at $69.83.

For Freshworks Inc FRSH, Cantor Fitzgerald initiated coverage, by setting the current rating at Overweight. For the third quarter, Freshworks had an EPS of $0.01, compared to year-ago quarter EPS of $0.04. The current stock performance of Freshworks shows a 52-week-high of $23.72 and a 52-week-low of $10.51. Moreover, at the end of the last trading period, the closing price was at $15.23.

Cantor Fitzgerald initiated coverage on Sprinklr Inc CXM with an Overweight rating. The price target for Sprinklr is set to $12.00. For the third quarter, Sprinklr had an EPS of $0.02, compared to year-ago quarter EPS of $0.06. The current stock performance of Sprinklr shows a 52-week-high of $15.05 and a 52-week-low of $7.25. Moreover, at the end of the last trading period, the closing price was at $8.79.

B. Riley Securities initiated coverage on Akoustis Technologies Inc AKTS with a Buy rating. The price target for Akoustis Technologies is set to $9.25. Akoustis Technologies earned $0.28 in the first quarter, compared to $0.21 in the year-ago quarter. The current stock performance of Akoustis Technologies shows a 52-week-high of $7.13 and a 52-week-low of $2.28. Moreover, at the end of the last trading period, the closing price was at $3.20.

With an Outperform rating, SVB Leerink initiated coverage on Biohaven Ltd BHVN. The price target seems to have been set at $24.00 for Biohaven. For the third quarter, Biohaven had an EPS of $1.25, compared to year-ago quarter EPS of $1.91. At the moment, the stock has a 52-week-high of $152.56 and a 52-week-low of $7.10. Biohaven closed at $19.20 at the end of the last trading period.

With a Sell rating, Guggenheim initiated coverage on Akamai Technologies Inc AKAM. The price target seems to have been set at $75.00 for Akamai Technologies. Akamai Technologies earned $1.26 in the third quarter, compared to $1.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $123.25 and a 52-week-low of $76.28. Akamai Technologies closed at $89.19 at the end of the last trading period.

Guggenheim initiated coverage on SentinelOne Inc S with a Buy rating. The price target for SentinelOne is set to $18.00. SentinelOne earned $0.16 in the third quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $48.46 and a 52-week-low of $12.69. At the end of the last trading period, SentinelOne closed at $14.82.

For F5 Inc FFIV, Guggenheim initiated coverage, by setting the current rating at Neutral. The stock has a 52-week-high of $229.85 and a 52-week-low of $133.68. At the end of the last trading period, F5 closed at $147.77.

Guggenheim initiated coverage on Fortinet Inc FTNT with a Neutral rating. Fortinet earned $0.33 in the third quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $357.58 and a 52-week-low of $42.61. Fortinet closed at $50.51 at the end of the last trading period.

With a Buy rating, Loop Capital initiated coverage on GLOBALFOUNDRIES Inc GFS. The price target seems to have been set at $70.00 for GLOBALFOUNDRIES. For the third quarter, GLOBALFOUNDRIES had an EPS of $0.67, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $79.49 and a 52-week-low of $36.81. At the end of the last trading period, GLOBALFOUNDRIES closed at $58.66.

Oppenheimer initiated coverage on Target Corp TGT with an Outperform rating. The price target for Target is set to $190.00. 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 $164.63.

With a Hold rating, Stifel initiated coverage on DraftKings Inc DKNG. The price target seems to have been set at $15.00 for DraftKings. For the third quarter, DraftKings had an EPS of $1.00, compared to year-ago quarter EPS of $1.35. At the moment, the stock has a 52-week-high of $25.01 and a 52-week-low of $9.77. DraftKings closed at $14.56 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on Yum Brands Inc YUM. The price target seems to have been set at $145.00 for Yum Brands. In the third quarter, Yum Brands showed an EPS of $1.09, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $132.87 and a 52-week-low of $103.97. At the end of the last trading period, Yum Brands closed at $126.67.

With a Equal-Weight rating, Wells Fargo initiated coverage on Domino's Pizza Inc DPZ. The price target seems to have been set at $360.00 for Domino's Pizza. Domino's Pizza earned $2.79 in the third quarter, compared to $3.24 in the year-ago quarter. The stock has a 52-week-high of $463.72 and a 52-week-low of $299.41. At the end of the last trading period, Domino's Pizza closed at $345.45.

With an Overweight rating, Wells Fargo initiated coverage on Starbucks Corp SBUX. The price target seems to have been set at $120.00 for Starbucks. Starbucks earned $0.81 in the fourth quarter, compared to $1.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $107.59 and a 52-week-low of $68.39. Starbucks closed at $106.21 at the end of the last trading period.

Wells Fargo initiated coverage on McDonald's Corp MCD with a Equal-Weight rating. The price target for McDonald's is set to $280.00. For the third quarter, McDonald's had an EPS of $2.68, compared to year-ago quarter EPS of $2.76. The stock has a 52-week-high of $281.67 and a 52-week-low of $217.68. At the end of the last trading period, McDonald's closed at $269.29.

Wells Fargo initiated coverage on Chipotle Mexican Grill Inc CMG with an Overweight rating. The price target for Chipotle Mexican Grill is set to $1800.00. For the third quarter, Chipotle Mexican Grill had an EPS of $9.51, compared to year-ago quarter EPS of $7.02. At the moment, the stock has a 52-week-high of $1754.56 and a 52-week-low of $1196.28. Chipotle Mexican Grill closed at $1597.35 at the end of the last trading period.

Wolfe Research initiated coverage on Apartment Income REIT Corp AIRC with an Outperform rating. The price target for Apartment Income REIT is set to $39.00. In the third quarter, Apartment Income REIT showed an EPS of $0.58, compared to $0.56 from the year-ago quarter. The current stock performance of Apartment Income REIT shows a 52-week-high of $55.82 and a 52-week-low of $33.57. Moreover, at the end of the last trading period, the closing price was at $36.37.

JP Morgan initiated coverage on CyberArk Software Ltd CYBR with a Neutral rating. The price target for CyberArk Software is set to $147.00. In the third quarter, CyberArk Software showed an EPS of $0.06, compared to $0.06 from 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 $136.31.

JP Morgan initiated coverage on Qualys Inc QLYS with an Underweight rating. The price target for Qualys is set to $109.00. In the third quarter, Qualys showed an EPS of $0.94, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $162.36 and a 52-week-low of $101.10. At the end of the last trading period, Qualys closed at $112.22.

JP Morgan initiated coverage on Varonis Systems Inc VRNS with an Underweight rating. The price target for Varonis Systems is set to $25.00. Varonis Systems earned $0.05 in the third quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Varonis Systems shows a 52-week-high of $51.60 and a 52-week-low of $15.61. Moreover, at the end of the last trading period, the closing price was at $25.80.

With a Neutral rating, JP Morgan initiated coverage on Tenable Holdings Inc TENB. The price target seems to have been set at $44.00 for Tenable Holdings. For the third quarter, Tenable Holdings had an EPS of $0.15, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $63.61 and a 52-week-low of $28.80. At the end of the last trading period, Tenable Holdings closed at $41.26.

With a Neutral rating, JP Morgan initiated coverage on Zscaler Inc ZS. The price target seems to have been set at $124.00 for Zscaler. For the first quarter, Zscaler had an EPS of $0.29, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $290.47 and a 52-week-low of $99.64. Zscaler closed at $123.76 at the end of the last trading period.

JP Morgan initiated coverage on SentinelOne Inc S with an Overweight rating. The price target for SentinelOne is set to $18.00. For the third quarter, SentinelOne had an EPS of $0.16, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $48.46 and a 52-week-low of $12.69. SentinelOne closed at $14.82 at the end of the last trading period.

JP Morgan initiated coverage on Rapid7 Inc RPD with a Neutral rating. The price target for Rapid7 is set to $38.00. For the third quarter, Rapid7 had an EPS of $0.14, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $118.25 and a 52-week-low of $26.48. At the end of the last trading period, Rapid7 closed at $36.42.

JP Morgan initiated coverage on CrowdStrike Holdings Inc CRWD with an Overweight rating. The price target for CrowdStrike Holdings is set to $125.00. For the third quarter, CrowdStrike Holdings had an EPS of $0.40, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $242.00 and a 52-week-low of $92.25. CrowdStrike Holdings closed at $106.30 at the end of the last trading period.

JP Morgan initiated coverage on Fortinet Inc FTNT with an Overweight rating. The price target for Fortinet is set to $69.00. Fortinet earned $0.33 in the third quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $357.58 and a 52-week-low of $42.61. Fortinet closed at $50.51 at the end of the last trading period.

With an Overweight rating, JP Morgan initiated coverage on Palo Alto Networks Inc PANW. The price target seems to have been set at $195.00 for Palo Alto Networks. In the first quarter, Palo Alto Networks showed an EPS of $0.83, compared to $0.55 from the year-ago quarter. The stock has a 52-week-high of $213.63 and a 52-week-low of $132.22. At the end of the last trading period, Palo Alto Networks closed at $149.34.

See all analyst ratings initiations.