Benzinga's Top Ratings Upgrades, Downgrades For February 2, 2023

Upgrades

Sidoti & Co. upgraded the previous rating for McGrath RentCorp MGRC from Neutral to Buy. In the third quarter, McGrath RentCorp showed an EPS of $1.25, compared to $0.95 from the year-ago quarter. At the moment, the stock has a 52-week-high of $101.78 and a 52-week-low of $71.17. McGrath RentCorp closed at $98.42 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Align Technology Inc ALGN was changed from Sell to Neutral. Align Tech earned $1.73 in the fourth quarter, compared to $2.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $552.00 and a 52-week-low of $172.05. Align Tech closed at $282.53 at the end of the last trading period.

For Graco Inc GGG, Seaport Global upgraded the previous rating of Neutral to Buy. Graco earned $0.73 in the fourth quarter, compared to $0.66 in the year-ago quarter. The current stock performance of Graco shows a 52-week-high of $75.45 and a 52-week-low of $56.48. Moreover, at the end of the last trading period, the closing price was at $70.55.

Rosenblatt upgraded the previous rating for Meta Platforms Inc META from Neutral to Buy. Meta Platforms earned $1.76 in the fourth quarter, compared to $3.67 in the year-ago quarter. The stock has a 52-week-high of $199.45 and a 52-week-low of $88.09. At the end of the last trading period, Meta Platforms closed at $153.12.

For FedEx Corp FDX, B of A Securities upgraded the previous rating of Neutral to Buy. For the second quarter, FedEx had an EPS of $3.18, compared to year-ago quarter EPS of $4.83. At the moment, the stock has a 52-week-high of $256.49 and a 52-week-low of $141.92. FedEx closed at $202.11 at the end of the last trading period.

According to B of A Securities, the prior rating for Meta Platforms Inc META was changed from Neutral to Buy. For the fourth quarter, Meta Platforms had an EPS of $1.76, compared to year-ago quarter EPS of $3.67. At the moment, the stock has a 52-week-high of $199.45 and a 52-week-low of $88.09. Meta Platforms closed at $153.12 at the end of the last trading period.

Needham upgraded the previous rating for Okta Inc OKTA from Hold to Buy. For the third quarter, Okta had an EPS of $0.00, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $203.79 and a 52-week-low of $44.12. At the end of the last trading period, Okta closed at $76.15.

According to Loop Capital, the prior rating for Ingevity Corp NGVT was changed from Hold to Buy. For the third quarter, Ingevity had an EPS of $2.09, compared to year-ago quarter EPS of $1.62. The current stock performance of Ingevity shows a 52-week-high of $83.98 and a 52-week-low of $56.31. Moreover, at the end of the last trading period, the closing price was at $82.87.

According to CIBC, the prior rating for TC Energy Corp TRP was changed from Neutral to Outperformer. In the third quarter, TC Energy showed an EPS of $0.82, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $59.38 and a 52-week-low of $38.35. At the end of the last trading period, TC Energy closed at $40.73.

Summit Insights Group upgraded the previous rating for Silicon Laboratories Inc SLAB from Hold to Buy. For the fourth quarter, Silicon Laboratories had an EPS of $1.31, compared to year-ago quarter EPS of $0.77. At the moment, the stock has a 52-week-high of $183.00 and a 52-week-low of $109.44. Silicon Laboratories closed at $179.00 at the end of the last trading period.

RBC Capital upgraded the previous rating for O-I Glass Inc OI from Sector Perform to Outperform. For the fourth quarter, O-I Glass had an EPS of $0.38, compared to year-ago quarter EPS of $0.36. At the moment, the stock has a 52-week-high of $22.34 and a 52-week-low of $11.51. O-I Glass closed at $21.63 at the end of the last trading period.

For FedEx Corp FDX, Citigroup upgraded the previous rating of Neutral to Buy. In the second quarter, FedEx showed an EPS of $3.18, compared to $4.83 from the year-ago quarter. The stock has a 52-week-high of $256.49 and a 52-week-low of $141.92. At the end of the last trading period, FedEx closed at $202.11.

For Meta Platforms Inc META, Piper Sandler upgraded the previous rating of Neutral to Overweight. For the fourth quarter, Meta Platforms had an EPS of $1.76, compared to year-ago quarter EPS of $3.67. At the moment, the stock has a 52-week-high of $199.45 and a 52-week-low of $88.09. Meta Platforms closed at $153.12 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Sysco Corp SYY, Argus Research downgraded the previous rating of Buy to Hold. For the second quarter, Sysco had an EPS of $0.80, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $91.53 and a 52-week-low of $70.61. At the end of the last trading period, Sysco closed at $77.92.

B of A Securities downgraded the previous rating for First Solar Inc FSLR from Buy to Neutral. First Solar earned $0.46 in the third quarter, compared to $0.42 in the year-ago quarter. The current stock performance of First Solar shows a 52-week-high of $185.28 and a 52-week-low of $59.60. Moreover, at the end of the last trading period, the closing price was at $180.15.

According to Deutsche Bank, the prior rating for Astra Space Inc ASTR was changed from Buy to Hold. In the third quarter, Astra Space showed an EPS of $0.21, compared to $0.06 from the year-ago quarter. The current stock performance of Astra Space shows a 52-week-high of $6.00 and a 52-week-low of $0.41. Moreover, at the end of the last trading period, the closing price was at $0.62.

BMO Capital downgraded the previous rating for Fortinet Inc FTNT from Outperform to Market Perform. In the third quarter, Fortinet showed an EPS of $0.33, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $357.58 and a 52-week-low of $42.61. At the end of the last trading period, Fortinet closed at $53.09.

Needham downgraded the previous rating for Varonis Systems Inc VRNS from Buy to Hold. In the third quarter, Varonis Systems showed an EPS of $0.05, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $51.60 and a 52-week-low of $15.61. At the end of the last trading period, Varonis Systems closed at $27.14.

According to Truist Securities, the prior rating for R1 RCM Inc RCM was changed from Buy to Hold. In the third quarter, R1 RCM showed an EPS of $0.07, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $27.86 and a 52-week-low of $6.71. At the end of the last trading period, R1 RCM closed at $14.65.

According to Exane BNP Paribas, the prior rating for Peloton Interactive Inc PTON was changed from Neutral to Underperform. In the second quarter, Peloton Interactive showed an EPS of $0.98, compared to $1.39 from the year-ago quarter. The stock has a 52-week-high of $40.35 and a 52-week-low of $6.66. At the end of the last trading period, Peloton Interactive closed at $16.36.

Exane BNP Paribas downgraded the previous rating for GXO Logistics Inc GXO from Neutral to Underperform. GXO Logistics earned $0.75 in the third quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $88.05 and a 52-week-low of $32.10. At the end of the last trading period, GXO Logistics closed at $54.73.

For Fortune Brands Innovations Inc FBIN, Loop Capital downgraded the previous rating of Buy to Hold. The current stock performance of Fortune Brands shows a 52-week-high of $66.69 and a 52-week-low of $49.51. Moreover, at the end of the last trading period, the closing price was at $66.10.

JP Morgan downgraded the previous rating for Ashland Inc ASH from Neutral to Underweight. In the first quarter, Ashland showed an EPS of $0.97, compared to $0.88 from the year-ago quarter. The current stock performance of Ashland shows a 52-week-high of $114.36 and a 52-week-low of $83.29. Moreover, at the end of the last trading period, the closing price was at $108.40.

For Taysha Gene Therapies Inc TSHA, BTIG downgraded the previous rating of Buy to Neutral. For the third quarter, Taysha Gene Therapies had an EPS of $0.64, compared to year-ago quarter EPS of $1.35. The stock has a 52-week-high of $8.93 and a 52-week-low of $1.06. At the end of the last trading period, Taysha Gene Therapies closed at $1.21.

According to Deutsche Bank, the prior rating for Qualtrics International Inc XM was changed from Buy to Hold. For the fourth quarter, Qualtrics International had an EPS of $0.03, compared to year-ago quarter EPS of $0.07. The current stock performance of Qualtrics International shows a 52-week-high of $32.81 and a 52-week-low of $9.32. Moreover, at the end of the last trading period, the closing price was at $16.95.

For Peloton Interactive Inc PTON, JMP Securities downgraded the previous rating of Market Outperform to Market Perform. Peloton Interactive earned $0.98 in the second quarter, compared to $1.39 in the year-ago quarter. 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 $16.36.

For Match Group Inc MTCH, Oppenheimer downgraded the previous rating of Outperform to Perform. In the fourth quarter, Match Group showed an EPS of $0.30, compared to $0.60 from the year-ago quarter. The stock has a 52-week-high of $121.49 and a 52-week-low of $38.64. At the end of the last trading period, Match Group closed at $51.41.

For Grab Holdings Inc GRAB, JP Morgan downgraded the previous rating of Neutral to Underweight. The stock has a 52-week-high of $6.61 and a 52-week-low of $2.19. At the end of the last trading period, Grab Hldgs closed at $3.72.

See all analyst ratings downgrades.

Initiations

UBS initiated coverage on 10x Genomics Inc TXG with a Neutral rating. The price target for 10x Genomics is set to $50.00. For the third quarter, 10x Genomics had an EPS of $0.37, compared to year-ago quarter EPS of $0.15. The current stock performance of 10x Genomics shows a 52-week-high of $100.00 and a 52-week-low of $23.81. Moreover, at the end of the last trading period, the closing price was at $47.59.

With a Buy rating, UBS initiated coverage on NanoString Technologies Inc NSTG. The price target seems to have been set at $15.00 for NanoString Technologies. In the third quarter, NanoString Technologies showed an EPS of $0.79, compared to $0.69 from the year-ago quarter. The current stock performance of NanoString Technologies shows a 52-week-high of $41.00 and a 52-week-low of $4.37. Moreover, at the end of the last trading period, the closing price was at $11.35.

With a Buy rating, Guggenheim initiated coverage on Darden Restaurants Inc DRI. The price target seems to have been set at $170.00 for Darden Restaurants. In the second quarter, Darden Restaurants showed an EPS of $1.52, compared to $1.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $152.08 and a 52-week-low of $110.96. Darden Restaurants closed at $147.06 at the end of the last trading period.

With a Buy rating, HSBC initiated coverage on Globant SA GLOB. The price target seems to have been set at $240.00 for Globant. Globant earned $1.27 in the third quarter, compared to $0.98 in the year-ago quarter. The stock has a 52-week-high of $286.63 and a 52-week-low of $151.63. At the end of the last trading period, Globant closed at $166.77.

With an Outperform rating, Raymond James initiated coverage on Accolade Inc ACCD. The price target seems to have been set at $15.00 for Accolade. For the third quarter, Accolade had an EPS of $0.56, compared to year-ago quarter EPS of $0.52. The current stock performance of Accolade shows a 52-week-high of $22.92 and a 52-week-low of $4.61. Moreover, at the end of the last trading period, the closing price was at $11.84.

With an Outperform rating, Raymond James initiated coverage on Everest Re Group Ltd RE. The price target seems to have been set at $385.00 for Everest Re Group. In the third quarter, Everest Re Group showed an EPS of $5.28, compared to $1.34 from the year-ago quarter. The stock has a 52-week-high of $361.67 and a 52-week-low of $244.57. At the end of the last trading period, Everest Re Group closed at $356.33.

See all analyst ratings initiations.