Benzinga's Top Ratings Upgrades, Downgrades For February 14, 2023

Upgrades

B. Riley Securities upgraded the previous rating for Indie Semiconductor Inc INDI from Neutral to Buy. Indie Semiconductor earned $0.10 in the third quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.33 and a 52-week-low of $5.07. Indie Semiconductor closed at $8.21 at the end of the last trading period.

For Sonoco Products Co SON, Argus Research upgraded the previous rating of Hold to Buy. For the fourth quarter, Sonoco Products had an EPS of $1.27, compared to year-ago quarter EPS of $0.90. The current stock performance of Sonoco Products shows a 52-week-high of $67.06 and a 52-week-low of $51.52. Moreover, at the end of the last trading period, the closing price was at $60.57.

According to Morgan Stanley, the prior rating for Fidelity National Information Services Inc FIS was changed from Equal-Weight to Overweight. Fidelity National Info earned $1.71 in the fourth quarter, compared to $1.92 in the year-ago quarter. The stock has a 52-week-high of $115.21 and a 52-week-low of $56.53. At the end of the last trading period, Fidelity National Info closed at $66.00.

For Occidental Petroleum Corp OXY, Goldman Sachs upgraded the previous rating of Neutral to Buy. In the third quarter, Occidental Petroleum showed an EPS of $2.44, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $77.13 and a 52-week-low of $37.55. At the end of the last trading period, Occidental Petroleum closed at $64.76.

See all analyst ratings upgrades.

Downgrades

For ACCO Brands Corp ACCO, BWS Financial downgraded the previous rating of Buy to Neutral. For the third quarter, ACCO Brands had an EPS of $0.25, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $9.00 and a 52-week-low of $4.27. ACCO Brands closed at $6.34 at the end of the last trading period.

Citigroup downgraded the previous rating for Fidelity National Information Services Inc FIS from Buy to Neutral. In the fourth quarter, Fidelity National Info showed an EPS of $1.71, compared to $1.92 from the year-ago quarter. The current stock performance of Fidelity National Info shows a 52-week-high of $115.21 and a 52-week-low of $56.53. Moreover, at the end of the last trading period, the closing price was at $66.00.

For CF Industries Holdings Inc CF, Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. In the third quarter, CF Industries Holdings showed an EPS of $2.29, compared to $1.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $119.60 and a 52-week-low of $66.95. CF Industries Holdings closed at $86.85 at the end of the last trading period.

Argus Research downgraded the previous rating for Emerson Electric Co EMR from Buy to Hold. Emerson Electric earned $0.78 in the first quarter, compared to $1.05 in the year-ago quarter. The current stock performance of Emerson Electric shows a 52-week-high of $100.00 and a 52-week-low of $72.41. Moreover, at the end of the last trading period, the closing price was at $86.91.

For Lyft Inc LYFT, Argus Research downgraded the previous rating of Buy to Hold. In the fourth quarter, Lyft showed an EPS of $0.76, compared to $0.09 from the year-ago quarter. The current stock performance of Lyft shows a 52-week-high of $44.50 and a 52-week-low of $9.66. Moreover, at the end of the last trading period, the closing price was at $10.46.

BTIG downgraded the previous rating for Lyft Inc LYFT from Buy to Neutral. Lyft earned $0.76 in the fourth quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $44.50 and a 52-week-low of $9.66. At the end of the last trading period, Lyft closed at $10.46.

According to Northland Capital Markets, the prior rating for Encore Capital Group Inc ECPG was changed from Outperform to Market Perform. In the third quarter, Encore Capital Gr showed an EPS of $1.22, compared to $2.66 from the year-ago quarter. The current stock performance of Encore Capital Gr shows a 52-week-high of $72.73 and a 52-week-low of $44.06. Moreover, at the end of the last trading period, the closing price was at $57.54.

Credit Suisse downgraded the previous rating for Fidelity National Information Services Inc FIS from Outperform to Neutral. For the fourth quarter, Fidelity National Info had an EPS of $1.71, compared to year-ago quarter EPS of $1.92. The current stock performance of Fidelity National Info shows a 52-week-high of $115.21 and a 52-week-low of $56.53. Moreover, at the end of the last trading period, the closing price was at $66.00.

According to Cantor Fitzgerald, the prior rating for Sprout Social Inc SPT was changed from Overweight to Neutral. For the third quarter, Sprout Social had an EPS of $0.02, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $85.99 and a 52-week-low of $38.39. Sprout Social closed at $60.95 at the end of the last trading period.

Oppenheimer downgraded the previous rating for Frequency Therapeutics Inc FREQ from Outperform to Perform. Frequency Therapeutics earned $0.55 in the third quarter, compared to $0.73 in the year-ago quarter. The current stock performance of Frequency Therapeutics shows a 52-week-high of $5.59 and a 52-week-low of $0.70. Moreover, at the end of the last trading period, the closing price was at $0.76.

Evercore ISI Group downgraded the previous rating for XPO Inc XPO from Outperform to In-Line. XPO earned $0.98 in the fourth quarter, compared to $1.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.63 and a 52-week-low of $30.54. XPO closed at $36.46 at the end of the last trading period.

B of A Securities downgraded the previous rating for Tellurian Inc TELL from Buy to Underperform. For the third quarter, Tellurian had an EPS of $0.03, compared to year-ago quarter EPS of $0.04. The current stock performance of Tellurian shows a 52-week-high of $6.54 and a 52-week-low of $1.54. Moreover, at the end of the last trading period, the closing price was at $1.79.

For Take-Two Interactive Software Inc TTWO, DZ Bank downgraded the previous rating of Buy to Hold. For the third quarter, Take-Two Interactive had an EPS of $0.86, compared to year-ago quarter EPS of $1.32. At the moment, the stock has a 52-week-high of $174.76 and a 52-week-low of $90.00. Take-Two Interactive closed at $111.38 at the end of the last trading period.

Evercore ISI Group downgraded the previous rating for First Solar Inc FSLR from Outperform to In-Line. For the third quarter, First Solar had an EPS of $0.46, compared to year-ago quarter EPS of $0.42. 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 $167.26.

According to UBS, the prior rating for Newmont Corp NEM was changed from Buy to Neutral. In the third quarter, Newmont showed an EPS of $0.27, compared to $0.60 from the year-ago quarter. The current stock performance of Newmont shows a 52-week-high of $86.37 and a 52-week-low of $37.45. Moreover, at the end of the last trading period, the closing price was at $48.30.

See all analyst ratings downgrades.

Initiations

WestPark Capital initiated coverage on SentinelOne Inc S with a Buy rating. The price target for SentinelOne is set to $22.00. For the third quarter, SentinelOne had an EPS of $0.16, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $47.17 and a 52-week-low of $12.69. At the end of the last trading period, SentinelOne closed at $15.53.

With an Overweight rating, Cantor Fitzgerald initiated coverage on MoonLake Immunotherapeutics MLTX. The price target seems to have been set at $23.00 for MoonLake. The stock has a 52-week-high of $16.50 and a 52-week-low of $4.25. At the end of the last trading period, MoonLake closed at $16.30.

With a Neutral rating, Credit Suisse initiated coverage on Crescent Energy Co CRGY. The price target seems to have been set at $14.00 for Crescent Energy. At the moment, the stock has a 52-week-high of $19.65 and a 52-week-low of $10.83. Crescent Energy closed at $12.14 at the end of the last trading period.

WestPark Capital initiated coverage on CrowdStrike Holdings Inc CRWD with a Hold rating. CrowdStrike Holdings earned $0.40 in the third quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $242.00 and a 52-week-low of $92.25. At the end of the last trading period, CrowdStrike Holdings closed at $112.17.

With a Buy rating, Citigroup initiated coverage on Grupo Televisa SAB TV. The price target seems to have been set at $8.50 for Grupo Televisa. For the third quarter, Grupo Televisa had an EPS of $0.03, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $11.90 and a 52-week-low of $4.47. At the end of the last trading period, Grupo Televisa closed at $5.90.

HC Wainwright & Co. initiated coverage on Splash Beverage Group Inc SBEV with a Buy rating. The price target for Splash Beverage Group is set to $2.50. In the third quarter, Splash Beverage Group showed an EPS of $0.14, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $5.60 and a 52-week-low of $0.75. At the end of the last trading period, Splash Beverage Group closed at $1.04.

Cowen & Co. initiated coverage on Keros Therapeutics Inc KROS with an Outperform rating. Keros Therapeutics earned $0.92 in the third quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.29 and a 52-week-low of $24.38. Keros Therapeutics closed at $53.02 at the end of the last trading period.

With a Market Outperform rating, JMP Securities initiated coverage on Terns Pharmaceuticals Inc TERN. The price target seems to have been set at $17.00 for Terns Pharma. Terns Pharma earned $0.44 in the third quarter, compared to $0.47 in the year-ago quarter. The stock has a 52-week-high of $10.67 and a 52-week-low of $1.45. At the end of the last trading period, Terns Pharma closed at $9.40.

With a Sell rating, Goldman Sachs initiated coverage on Okta Inc OKTA. The price target seems to have been set at $70.00 for Okta. For the third quarter, Okta had an EPS of $0.00, compared to year-ago quarter EPS of $0.07. The current stock performance of Okta shows a 52-week-high of $201.47 and a 52-week-low of $44.12. Moreover, at the end of the last trading period, the closing price was at $75.56.

Goldman Sachs initiated coverage on Cloudflare Inc NET with a Sell rating. The price target for Cloudflare is set to $51.00. Cloudflare earned $0.06 in the fourth quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $132.45 and a 52-week-low of $37.37. At the end of the last trading period, Cloudflare closed at $64.08.

With a Neutral rating, Goldman Sachs initiated coverage on AvePoint Inc AVPT. The price target seems to have been set at $5.50 for AvePoint. AvePoint earned $0.04 in the third quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $6.29 and a 52-week-low of $3.40. At the end of the last trading period, AvePoint closed at $4.90.

With a Neutral rating, Goldman Sachs initiated coverage on Zscaler Inc ZS. The price target seems to have been set at $148.00 for Zscaler. In the first quarter, Zscaler showed an EPS of $0.29, compared to $0.14 from the year-ago quarter. The current stock performance of Zscaler shows a 52-week-high of $288.52 and a 52-week-low of $99.64. Moreover, at the end of the last trading period, the closing price was at $133.87.

With a Neutral rating, Goldman Sachs initiated coverage on SentinelOne Inc S. The price target seems to have been set at $17.00 for SentinelOne. SentinelOne earned $0.16 in the third quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.17 and a 52-week-low of $12.69. SentinelOne closed at $15.53 at the end of the last trading period.

With a Buy rating, Goldman Sachs initiated coverage on Palo Alto Networks Inc PANW. The price target seems to have been set at $205.00 for Palo Alto Networks. For the first quarter, Palo Alto Networks had an EPS of $0.83, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $213.63 and a 52-week-low of $132.22. Palo Alto Networks closed at $166.31 at the end of the last trading period.

Goldman Sachs initiated coverage on Fortinet Inc FTNT with a Buy rating. The price target for Fortinet is set to $73.00. For the fourth quarter, Fortinet had an EPS of $0.44, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $357.58 and a 52-week-low of $42.61. Fortinet closed at $60.15 at the end of the last trading period.

With a Buy rating, Goldman Sachs initiated coverage on Check Point Software Technologies Ltd CHKP. The price target seems to have been set at $148.00 for Check Point Software. Check Point Software earned $2.45 in the fourth quarter, compared to $2.25 in the year-ago quarter. 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 $128.26 at the end of the last trading period.

Goldman Sachs initiated coverage on CrowdStrike Holdings Inc CRWD with a Buy rating. The price target for CrowdStrike Holdings is set to $141.00. For the third quarter, CrowdStrike Holdings had an EPS of $0.40, compared to year-ago quarter EPS of $0.17. The current stock performance of CrowdStrike Holdings shows a 52-week-high of $242.00 and a 52-week-low of $92.25. Moreover, at the end of the last trading period, the closing price was at $112.17.

With a Buy rating, Loop Capital initiated coverage on Core & Main Inc CNM. The price target seems to have been set at $28.00 for Core & Main. In the third quarter, Core & Main showed an EPS of $0.65, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $26.63 and a 52-week-low of $18.75. At the end of the last trading period, Core & Main closed at $22.47.

See all analyst ratings initiations.