Benzinga's Top Ratings Upgrades, Downgrades For January 25, 2023

Upgrades

According to B of A Securities, the prior rating for Hannon Armstrong Sustainable Infrastructure Capital Inc HASI was changed from Underperform to Neutral. In the third quarter, Hannon Armstrong showed an EPS of $0.49, compared to $0.41 from 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 $33.98.

For Fox Corp FOXA, Loop Capital upgraded the previous rating of Hold to Buy. Fox earned $1.21 in the first quarter, compared to $1.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $44.95 and a 52-week-low of $28.02. Fox closed at $32.67 at the end of the last trading period.

For News Corp NWSA, Loop Capital upgraded the previous rating of Hold to Buy. News earned $0.12 in the first quarter, compared to $0.23 in the year-ago quarter. The stock has a 52-week-high of $23.73 and a 52-week-low of $14.87. At the end of the last trading period, News closed at $19.53.

Goldman Sachs upgraded the previous rating for Philip Morris International Inc PM from Neutral to Buy. Philip Morris Intl earned $1.53 in the third quarter, compared to $1.58 in the year-ago quarter. The current stock performance of Philip Morris Intl shows a 52-week-high of $112.48 and a 52-week-low of $82.85. Moreover, at the end of the last trading period, the closing price was at $101.30.

For SBA Communications Corp SBAC, Wolfe Research upgraded the previous rating of Underperform to Peer Perform. SBA Communications earned $0.91 in the third quarter, compared to $0.43 in the year-ago quarter. At the moment, the stock has a 52-week-high of $379.99 and a 52-week-low of $236.20. SBA Communications closed at $287.41 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Magna International Inc MGA, TD Securities downgraded the previous rating of Buy to Hold. Magna International earned $1.07 in the third quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $83.68 and a 52-week-low of $45.58. Magna International closed at $60.74 at the end of the last trading period.

Jefferies downgraded the previous rating for Nomura Holdings Inc NMR from Buy to Hold. In the second quarter, Nomura Holdings showed an EPS of $0.04, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.87 and a 52-week-low of $3.00. Nomura Holdings closed at $3.96 at the end of the last trading period.

Argus Research downgraded the previous rating for Illumina Inc ILMN from Buy to Hold. In the third quarter, Illumina showed an EPS of $0.34, compared to $1.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $371.16 and a 52-week-low of $173.45. Illumina closed at $215.15 at the end of the last trading period.

According to B of A Securities, the prior rating for Booking Holdings Inc BKNG was changed from Buy to Neutral. For the third quarter, Booking Holdings had an EPS of $53.03, compared to year-ago quarter EPS of $37.70. The current stock performance of Booking Holdings shows a 52-week-high of $2715.66 and a 52-week-low of $1616.85. Moreover, at the end of the last trading period, the closing price was at $2402.34.

For Crescent Energy Co CRGY, B of A Securities downgraded the previous rating of Neutral to Underperform. The current stock performance of Crescent Energy shows a 52-week-high of $19.65 and a 52-week-low of $10.83. Moreover, at the end of the last trading period, the closing price was at $12.99.

Gordon Haskett downgraded the previous rating for Airbnb Inc ABNB from Hold to Underperform. For the third quarter, Airbnb had an EPS of $1.79, compared to year-ago quarter EPS of $1.22. The current stock performance of Airbnb shows a 52-week-high of $191.73 and a 52-week-low of $81.91. Moreover, at the end of the last trading period, the closing price was at $104.13.

For SmartFinancial Inc SMBK, Janney Montgomery Scott downgraded the previous rating of Buy to Neutral. For the fourth quarter, SmartFinancial had an EPS of $0.76, compared to year-ago quarter EPS of $0.52. At the moment, the stock has a 52-week-high of $30.50 and a 52-week-low of $22.63. SmartFinancial closed at $27.34 at the end of the last trading period.

BMO Capital downgraded the previous rating for Microsoft Corp MSFT from Outperform to Market Perform. Microsoft earned $2.32 in the second quarter, compared to $2.48 in the year-ago quarter. The stock has a 52-week-high of $315.95 and a 52-week-low of $213.43. At the end of the last trading period, Microsoft closed at $242.04.

Wedbush downgraded the previous rating for D.R. Horton Inc DHI from Outperform to Neutral. In the first quarter, D.R. Horton showed an EPS of $2.76, compared to $3.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $98.93 and a 52-week-low of $59.25. D.R. Horton closed at $97.00 at the end of the last trading period.

According to Morgan Stanley, the prior rating for FREYR Battery FREY was changed from Overweight to Equal-Weight. FREYR Battery earned $0.20 in the third quarter, compared to $0.42 in the year-ago quarter. The current stock performance of FREYR Battery shows a 52-week-high of $16.94 and a 52-week-low of $6.42. Moreover, at the end of the last trading period, the closing price was at $9.90.

For Li-Cycle Holdings Corp LICY, Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. In the third quarter, Li-Cycle Holdings showed an EPS of $0.21, compared to $2.88 from the year-ago quarter. The current stock performance of Li-Cycle Holdings shows a 52-week-high of $9.48 and a 52-week-low of $4.48. Moreover, at the end of the last trading period, the closing price was at $5.95.

According to Gordon Haskett, the prior rating for Booking Holdings Inc BKNG was changed from Buy to Hold. In the third quarter, Booking Holdings showed an EPS of $53.03, compared to $37.70 from the year-ago quarter. The stock has a 52-week-high of $2715.66 and a 52-week-low of $1616.85. At the end of the last trading period, Booking Holdings closed at $2402.34.

Morgan Stanley downgraded the previous rating for Fisker Inc FSR from Equal-Weight to Underweight. In the third quarter, Fisker showed an EPS of $0.49, compared to $0.37 from the year-ago quarter. The stock has a 52-week-high of $14.74 and a 52-week-low of $6.41. At the end of the last trading period, Fisker closed at $7.30.

According to Oppenheimer, the prior rating for Block Inc SQ was changed from Outperform to Perform. In the third quarter, Block showed an EPS of $0.42, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $149.00 and a 52-week-low of $51.34. Block closed at $80.79 at the end of the last trading period.

UBS downgraded the previous rating for Cheesecake Factory Inc CAKE from Neutral to Sell. For the third quarter, Cheesecake Factory had an EPS of $0.03, compared to year-ago quarter EPS of $0.65. The current stock performance of Cheesecake Factory shows a 52-week-high of $44.65 and a 52-week-low of $26.05. Moreover, at the end of the last trading period, the closing price was at $37.65.

According to BMO Capital, the prior rating for Enbridge Inc ENB was changed from Outperform to Market Perform. Enbridge earned $0.51 in the third quarter, compared to $0.47 in the year-ago quarter. The stock has a 52-week-high of $47.67 and a 52-week-low of $35.02. At the end of the last trading period, Enbridge closed at $41.53.

According to JP Morgan, the prior rating for Zions Bancorp NA ZION was changed from Neutral to Underweight. Zions Bancorp earned $1.84 in the fourth quarter, compared to $1.34 in the year-ago quarter. The stock has a 52-week-high of $75.44 and a 52-week-low of $45.21. At the end of the last trading period, Zions Bancorp closed at $51.77.

According to Barclays, the prior rating for SunPower Corp SPWR was changed from Equal-Weight to Underweight. SunPower earned $0.13 in the third quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.42 and a 52-week-low of $12.78. SunPower closed at $16.22 at the end of the last trading period.

For Sunrun Inc RUN, Barclays downgraded the previous rating of Overweight to Equal-Weight. In the third quarter, Sunrun showed an EPS of $0.96, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $39.13 and a 52-week-low of $16.80. At the end of the last trading period, Sunrun closed at $26.09.

According to Piper Sandler, the prior rating for Horace Mann Educators Corp HMN was changed from Overweight to Neutral. Horace Mann Educators earned $0.57 in the third quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $42.95 and a 52-week-low of $32.60. At the end of the last trading period, Horace Mann Educators closed at $36.05.

Piper Sandler downgraded the previous rating for Trustco Bank Corp N Y TRST from Neutral to Underweight. For the fourth quarter, Trustco Bank had an EPS of $1.10, compared to year-ago quarter EPS of $0.84. The current stock performance of Trustco Bank shows a 52-week-high of $39.36 and a 52-week-low of $29.50. Moreover, at the end of the last trading period, the closing price was at $37.35.

According to BMO Capital, the prior rating for Bloomin Brands Inc BLMN was changed from Outperform to Market Perform. Bloomin Brands earned $0.35 in the third quarter, compared to $0.57 in the year-ago quarter. The stock has a 52-week-high of $25.51 and a 52-week-low of $15.89. At the end of the last trading period, Bloomin Brands closed at $23.40.

According to Piper Sandler, the prior rating for Enphase Energy Inc ENPH was changed from Overweight to Neutral. In the third quarter, Enphase Energy showed an EPS of $1.25, compared to $0.60 from the year-ago quarter. The current stock performance of Enphase Energy shows a 52-week-high of $339.92 and a 52-week-low of $113.40. Moreover, at the end of the last trading period, the closing price was at $219.47.

For Graphite Bio Inc GRPH, BTIG downgraded the previous rating of Buy to Neutral. For the third quarter, Graphite Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $11.30 and a 52-week-low of $1.59. At the end of the last trading period, Graphite Bio closed at $1.92.

Piper Sandler downgraded the previous rating for SmartFinancial Inc SMBK from Overweight to Neutral. In the fourth quarter, SmartFinancial showed an EPS of $0.76, compared to $0.52 from the year-ago quarter. The current stock performance of SmartFinancial shows a 52-week-high of $30.50 and a 52-week-low of $22.63. Moreover, at the end of the last trading period, the closing price was at $27.34.

According to Keybanc, the prior rating for Sterling Check Corp STER was changed from Overweight to Sector Weight. Sterling Check earned $0.29 in the third quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.76 and a 52-week-low of $12.22. Sterling Check closed at $14.81 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With an Outperform rating, Northland Capital Markets initiated coverage on Appreciate Holdings Inc SFR. The price target seems to have been set at $3.50 for Appreciate Holdings. In the third quarter, Appreciate Holdings showed an EPS of $0.45, compared to $0.43 from the year-ago quarter. The stock has a 52-week-high of $13.40 and a 52-week-low of $1.10. At the end of the last trading period, Appreciate Holdings closed at $1.76.

Cantor Fitzgerald initiated coverage on Shoals Technologies Group Inc SHLS with a Neutral rating. The price target for Shoals Technologies Gr is set to $30.00. Shoals Technologies Gr earned $0.10 in the third quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $32.43 and a 52-week-low of $9.58. At the end of the last trading period, Shoals Technologies Gr closed at $29.09.

With a Neutral rating, B of A Securities initiated coverage on Bloomin Brands Inc BLMN. The price target seems to have been set at $27.00 for Bloomin Brands. Bloomin Brands earned $0.35 in the third quarter, compared to $0.57 in the year-ago quarter. The stock has a 52-week-high of $25.51 and a 52-week-low of $15.89. At the end of the last trading period, Bloomin Brands closed at $23.40.

B of A Securities initiated coverage on Papa John's International Inc PZZA with a Buy rating. The price target for Papa John's International is set to $103.00. Papa John's International earned $0.54 in the third quarter, compared to $0.83 in the year-ago quarter. The stock has a 52-week-high of $126.62 and a 52-week-low of $66.74. At the end of the last trading period, Papa John's International closed at $83.07.

With a Neutral rating, B of A Securities initiated coverage on Lightspeed Commerce Inc LSPD. The price target seems to have been set at $20.00 for Lightspeed Commerce. For the second quarter, Lightspeed Commerce had an EPS of $0.05, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $35.50 and a 52-week-low of $12.71. Lightspeed Commerce closed at $17.10 at the end of the last trading period.

B of A Securities initiated coverage on Chord Energy Corp CHRD with a Buy rating. The price target for Chord Energy is set to $178.00. The stock has a 52-week-high of $164.79 and a 52-week-low of $93.35. At the end of the last trading period, Chord Energy closed at $142.72.

Keybanc initiated coverage on Stryker Corp SYK with a Sector Weight rating. In the third quarter, Stryker showed an EPS of $2.12, compared to $2.20 from the year-ago quarter. The current stock performance of Stryker shows a 52-week-high of $279.28 and a 52-week-low of $188.84. Moreover, at the end of the last trading period, the closing price was at $255.75.

With a Equal-Weight rating, Wells Fargo initiated coverage on Devon Energy Corp DVN. The price target seems to have been set at $70.00 for Devon Energy. Devon Energy earned $2.18 in the third quarter, compared to $1.08 in the year-ago quarter. The current stock performance of Devon Energy shows a 52-week-high of $79.40 and a 52-week-low of $42.87. Moreover, at the end of the last trading period, the closing price was at $63.97.

With a Equal-Weight rating, Wells Fargo initiated coverage on Range Resources Corp RRC. The price target seems to have been set at $28.00 for Range Resources. For the third quarter, Range Resources had an EPS of $1.37, compared to year-ago quarter EPS of $0.52. At the moment, the stock has a 52-week-high of $37.44 and a 52-week-low of $16.71. Range Resources closed at $26.08 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on Marathon Oil Corp MRO. The price target seems to have been set at $41.00 for Marathon Oil. In the third quarter, Marathon Oil showed an EPS of $1.24, compared to $0.39 from the year-ago quarter. The current stock performance of Marathon Oil shows a 52-week-high of $33.42 and a 52-week-low of $17.02. Moreover, at the end of the last trading period, the closing price was at $27.85.

With a Equal-Weight rating, Wells Fargo initiated coverage on Coterra Energy Inc CTRA. The price target seems to have been set at $28.00 for Coterra Energy. Coterra Energy earned $1.42 in the third quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Coterra Energy shows a 52-week-high of $36.55 and a 52-week-low of $18.39. Moreover, at the end of the last trading period, the closing price was at $25.20.

With an Overweight rating, Wells Fargo initiated coverage on APA Corp APA. The price target seems to have been set at $52.00 for APA. For the third quarter, APA had an EPS of $1.97, compared to year-ago quarter EPS of $0.98. The current stock performance of APA shows a 52-week-high of $51.95 and a 52-week-low of $27.98. Moreover, at the end of the last trading period, the closing price was at $44.06.

With an Overweight rating, Wells Fargo initiated coverage on Antero Resources Corp AR. The price target seems to have been set at $34.00 for Antero Resources. In the third quarter, Antero Resources showed an EPS of $1.63, compared to $0.19 from the year-ago quarter. The current stock performance of Antero Resources shows a 52-week-high of $48.80 and a 52-week-low of $15.98. Moreover, at the end of the last trading period, the closing price was at $30.04.

With an Overweight rating, Wells Fargo initiated coverage on Diamondback Energy Inc FANG. The price target seems to have been set at $181.00 for Diamondback Energy. In the third quarter, Diamondback Energy showed an EPS of $6.48, compared to $2.94 from the year-ago quarter. The current stock performance of Diamondback Energy shows a 52-week-high of $168.95 and a 52-week-low of $103.71. Moreover, at the end of the last trading period, the closing price was at $147.24.

Wells Fargo initiated coverage on Ovintiv Inc OVV with an Overweight rating. The price target for Ovintiv is set to $71.00. In the third quarter, Ovintiv showed an EPS of $1.44, compared to $1.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $63.30 and a 52-week-low of $34.41. Ovintiv closed at $50.21 at the end of the last trading period.

Wells Fargo initiated coverage on Chesapeake Energy Corp CHK with an Overweight rating. The price target for Chesapeake Energy is set to $117.00. Chesapeake Energy earned $5.06 in the third quarter, compared to $2.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $107.31 and a 52-week-low of $61.45. Chesapeake Energy closed at $91.84 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on EQT Corp EQT. The price target seems to have been set at $41.00 for EQT. EQT earned $1.04 in the third quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $51.97 and a 52-week-low of $19.20. EQT closed at $34.21 at the end of the last trading period.

Wells Fargo initiated coverage on EOG Resources Inc EOG with an Overweight rating. The price target for EOG Resources is set to $167.00. In the third quarter, EOG Resources showed an EPS of $3.71, compared to $2.16 from the year-ago quarter. The stock has a 52-week-high of $150.88 and a 52-week-low of $92.16. At the end of the last trading period, EOG Resources closed at $132.76.

With a Buy rating, DA Davidson initiated coverage on Toast Inc TOST. The price target seems to have been set at $27.00 for Toast. In the third quarter, Toast showed an EPS of $0.19, compared to $1.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.60 and a 52-week-low of $11.91. Toast closed at $21.46 at the end of the last trading period.

Loop Capital initiated coverage on Mobileye Global Inc MBLY with a Buy rating. The price target for Mobileye Global is set to $45.00. The current stock performance of Mobileye Global shows a 52-week-high of $37.31 and a 52-week-low of $24.85. Moreover, at the end of the last trading period, the closing price was at $34.12.

With an Underweight rating, Wells Fargo initiated coverage on Pioneer Natural Resources Co PXD. The price target seems to have been set at $225.00 for Pioneer Natural Resources. For the third quarter, Pioneer Natural Resources had an EPS of $7.48, compared to year-ago quarter EPS of $4.13. The stock has a 52-week-high of $288.46 and a 52-week-low of $194.54. At the end of the last trading period, Pioneer Natural Resources closed at $237.74.

Wedbush initiated coverage on Dutch Bros Inc BROS with a Neutral rating. The price target for Dutch Bros is set to $37.00. For the third quarter, Dutch Bros had an EPS of $0.09, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $66.00 and a 52-week-low of $20.05. Dutch Bros closed at $34.24 at the end of the last trading period.

See all analyst ratings initiations.