Benzinga's Top Ratings Upgrades, Downgrades For February 17, 2023

Upgrades

BTIG upgraded the previous rating for DraftKings Inc DKNG from Neutral to Buy. For the fourth quarter, DraftKings had an EPS of $0.53, compared to year-ago quarter EPS of $0.80. The current stock performance of DraftKings shows a 52-week-high of $25.01 and a 52-week-low of $9.77. Moreover, at the end of the last trading period, the closing price was at $17.81.

For Peraso Inc PRSO, Benchmark upgraded the previous rating of Hold to Buy. For the third quarter, Peraso had an EPS of $0.10, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $2.71 and a 52-week-low of $0.71. At the end of the last trading period, Peraso closed at $0.89.

B of A Securities upgraded the previous rating for Roku Inc ROKU from Underperform to Buy. Roku earned $1.70 in the fourth quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $165.84 and a 52-week-low of $38.26. At the end of the last trading period, Roku closed at $70.57.

According to DZ Bank, the prior rating for Cisco Systems Inc CSCO was changed from Hold to Buy. In the second quarter, Cisco Systems showed an EPS of $0.88, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $57.69 and a 52-week-low of $38.60. At the end of the last trading period, Cisco Systems closed at $50.99.

Compass Point upgraded the previous rating for Coinbase Global Inc COIN from Neutral to Buy. In the third quarter, Coinbase Global showed an EPS of $2.43, compared to $1.62 from the year-ago quarter. The current stock performance of Coinbase Global shows a 52-week-high of $214.02 and a 52-week-low of $31.55. Moreover, at the end of the last trading period, the closing price was at $65.59.

According to RBC Capital, the prior rating for Axalta Coating Systems Ltd AXTA was changed from Sector Perform to Outperform. Axalta Coating Sys earned $0.38 in the fourth quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.80 and a 52-week-low of $20.66. Axalta Coating Sys closed at $28.97 at the end of the last trading period.

Wolfe Research upgraded the previous rating for Virgin Galactic Holdings Inc SPCE from Underperform to Peer Perform. In the third quarter, Virgin Galactic Hldgs showed an EPS of $0.55, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $11.25 and a 52-week-low of $3.25. At the end of the last trading period, Virgin Galactic Hldgs closed at $5.98.

JP Morgan upgraded the previous rating for ZIM Integrated Shipping Services Ltd ZIM from Neutral to Overweight. In the third quarter, ZIM Integrated Shipping showed an EPS of $9.66, compared to $12.16 from the year-ago quarter. The current stock performance of ZIM Integrated Shipping shows a 52-week-high of $91.23 and a 52-week-low of $16.23. Moreover, at the end of the last trading period, the closing price was at $21.25.

For Healthcare Services Group Inc HCSG, RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the fourth quarter, Healthcare Services Group showed an EPS of $0.22, compared to $0.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.54 and a 52-week-low of $11.55. Healthcare Services Group closed at $13.54 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Craig-Hallum, the prior rating for AXT Inc AXTI was changed from Buy to Hold. AXT earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. The current stock performance of AXT shows a 52-week-high of $9.94 and a 52-week-low of $4.17. Moreover, at the end of the last trading period, the closing price was at $5.90.

For Cohu Inc COHU, Craig-Hallum downgraded the previous rating of Buy to Hold. For the fourth quarter, Cohu had an EPS of $0.70, compared to year-ago quarter EPS of $0.72. The stock has a 52-week-high of $38.40 and a 52-week-low of $24.06. At the end of the last trading period, Cohu closed at $36.59.

For TravelCenters Of America Inc TA, Benchmark downgraded the previous rating of Buy to Hold. TravelCenters Of America earned $2.54 in the third quarter, compared to $1.52 in the year-ago quarter. The stock has a 52-week-high of $84.60 and a 52-week-low of $31.19. At the end of the last trading period, TravelCenters Of America closed at $84.43.

National Alliance Securities downgraded the previous rating for Perficient Inc PRFT from Buy to Neutral. For the third quarter, Perficient had an EPS of $1.11, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $116.44 and a 52-week-low of $59.78. At the end of the last trading period, Perficient closed at $75.44.

According to Macquarie, the prior rating for Digital Turbine Inc APPS was changed from Outperform to Neutral. For the third quarter, Digital Turbine had an EPS of $0.29, compared to year-ago quarter EPS of $0.49. The current stock performance of Digital Turbine shows a 52-week-high of $52.42 and a 52-week-low of $10.65. Moreover, at the end of the last trading period, the closing price was at $12.83.

According to B. Riley Securities, the prior rating for Universal Electronics Inc UEIC was changed from Buy to Neutral. In the fourth quarter, Universal Electronics showed an EPS of $0.44, compared to $0.68 from the year-ago quarter. The stock has a 52-week-high of $36.79 and a 52-week-low of $16.55. At the end of the last trading period, Universal Electronics closed at $24.45.

According to Raymond James, the prior rating for Axon Enterprise Inc AXON was changed from Strong Buy to Outperform. Axon Enterprise earned $0.60 in the third quarter, compared to $1.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $204.99 and a 52-week-low of $82.49. Axon Enterprise closed at $196.05 at the end of the last trading period.

Cowen & Co. downgraded the previous rating for EPAM Systems Inc EPAM from Outperform to Market Perform. In the fourth quarter, EPAM Sys showed an EPS of $2.93, compared to $2.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $478.88 and a 52-week-low of $168.59. EPAM Sys closed at $346.01 at the end of the last trading period.

JP Morgan downgraded the previous rating for C.H. Robinson Worldwide Inc CHRW from Neutral to Underweight. C.H. Robinson Worldwide earned $1.03 in the fourth quarter, compared to $1.74 in the year-ago quarter. The stock has a 52-week-high of $121.23 and a 52-week-low of $86.60. At the end of the last trading period, C.H. Robinson Worldwide closed at $103.73.

For Canada Goose Holdings Inc GOOS, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. Canada Goose Hldgs earned $0.95 in the third quarter, compared to $1.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.74 and a 52-week-low of $14.51. Canada Goose Hldgs closed at $19.96 at the end of the last trading period.

BTIG downgraded the previous rating for PennyMac Mortgage Investment Trust PMT from Buy to Neutral. PennyMac Mortgage earned $0.07 in the fourth quarter, compared to $0.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.24 and a 52-week-low of $10.78. PennyMac Mortgage closed at $14.25 at the end of the last trading period.

For Visteon Corp VC, Guggenheim downgraded the previous rating of Buy to Neutral. In the fourth quarter, Visteon showed an EPS of $1.32, compared to $1.69 from the year-ago quarter. The stock has a 52-week-high of $168.40 and a 52-week-low of $88.82. At the end of the last trading period, Visteon closed at $166.23.

According to Credit Suisse, the prior rating for XP Inc XP was changed from Neutral to Underperform. In the fourth quarter, XP showed an EPS of $0.26, compared to $0.31 from the year-ago quarter. The stock has a 52-week-high of $36.36 and a 52-week-low of $13.76. At the end of the last trading period, XP closed at $15.89.

For Focus Financial Partners Inc FOCS, Oppenheimer downgraded the previous rating of Outperform to Perform. For the fourth quarter, Focus Finl Partners had an EPS of $0.99, compared to year-ago quarter EPS of $0.94. The current stock performance of Focus Finl Partners shows a 52-week-high of $54.61 and a 52-week-low of $30.27. Moreover, at the end of the last trading period, the closing price was at $50.21.

For Focus Financial Partners Inc FOCS, Raymond James downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Focus Finl Partners showed an EPS of $0.99, compared to $0.94 from the year-ago quarter. The stock has a 52-week-high of $54.61 and a 52-week-low of $30.27. At the end of the last trading period, Focus Finl Partners closed at $50.21.

B. Riley Securities downgraded the previous rating for TravelCenters Of America Inc TA from Buy to Neutral. TravelCenters Of America earned $2.54 in the third quarter, compared to $1.52 in the year-ago quarter. The stock has a 52-week-high of $84.60 and a 52-week-low of $31.19. At the end of the last trading period, TravelCenters Of America closed at $84.43.

According to Rosenblatt, the prior rating for Universal Electronics Inc UEIC was changed from Buy to Neutral. Universal Electronics earned $0.44 in the fourth quarter, compared to $0.68 in the year-ago quarter. The stock has a 52-week-high of $36.79 and a 52-week-low of $16.55. At the end of the last trading period, Universal Electronics closed at $24.45.

Wells Fargo downgraded the previous rating for Generac Holdings Inc GNRC from Overweight to Equal-Weight. Generac Hldgs earned $1.78 in the fourth quarter, compared to $2.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $329.50 and a 52-week-low of $86.29. Generac Hldgs closed at $129.91 at the end of the last trading period.

According to Needham, the prior rating for InMode Ltd INMD was changed from Buy to Hold. In the fourth quarter, InMode showed an EPS of $0.78, compared to $0.64 from the year-ago quarter. The current stock performance of InMode shows a 52-week-high of $47.46 and a 52-week-low of $20.60. Moreover, at the end of the last trading period, the closing price was at $39.69.

According to HSBC, the prior rating for TuSimple Holdings Inc TSP was changed from Buy to Hold. For the third quarter, TuSimple Hldgs had an EPS of $0.50, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $18.02 and a 52-week-low of $1.23. At the end of the last trading period, TuSimple Hldgs closed at $2.22.

BMO Capital downgraded the previous rating for Viatris Inc VTRS from Outperform to Market Perform. For the third quarter, Viatris had an EPS of $0.87, compared to year-ago quarter EPS of $0.99. The stock has a 52-week-high of $15.51 and a 52-week-low of $8.42. At the end of the last trading period, Viatris closed at $11.65.

For Texas Roadhouse Inc TXRH, Stifel downgraded the previous rating of Buy to Hold. For the fourth quarter, Texas Roadhouse had an EPS of $0.89, compared to year-ago quarter EPS of $0.76. The current stock performance of Texas Roadhouse shows a 52-week-high of $107.31 and a 52-week-low of $68.58. Moreover, at the end of the last trading period, the closing price was at $105.15.

For Toast Inc TOST, SMBC Nikko downgraded the previous rating of Outperform to Neutral. In the fourth quarter, Toast showed an EPS of $0.19, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $26.04 and a 52-week-low of $11.91. At the end of the last trading period, Toast closed at $20.03.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Alliance Global Partners initiated coverage on CollPlant Biotechnologies Ltd CLGN. The price target seems to have been set at $22.75 for CollPlant Biotechnologies. CollPlant Biotechnologies earned $0.34 in the third quarter, compared to $0.26 in the year-ago quarter. The current stock performance of CollPlant Biotechnologies shows a 52-week-high of $14.77 and a 52-week-low of $4.27. Moreover, at the end of the last trading period, the closing price was at $11.80.

For Precision Drilling Corp PDS, Benchmark initiated coverage, by setting the current rating at Hold. Precision Drilling earned $0.20 in the fourth quarter, compared to $1.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $87.36 and a 52-week-low of $47.85. Precision Drilling closed at $62.49 at the end of the last trading period.

Capital One initiated coverage on Datadog Inc DDOG with an Overweight rating. The price target for Datadog is set to $105.00. In the fourth quarter, Datadog showed an EPS of $0.26, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $175.89 and a 52-week-low of $61.34. At the end of the last trading period, Datadog closed at $82.47.

With a Neutral rating, B of A Securities initiated coverage on Cytokinetics Inc CYTK. The price target seems to have been set at $49.00 for Cytokinetics. For the third quarter, Cytokinetics had an EPS of $1.52, compared to year-ago quarter EPS of $0.95. The current stock performance of Cytokinetics shows a 52-week-high of $55.80 and a 52-week-low of $30.27. Moreover, at the end of the last trading period, the closing price was at $44.13.

Citigroup initiated coverage on Molson Coors Beverage Co TAP with a Neutral rating. The price target for Molson Coors Beverage is set to $55.00. In the third quarter, Molson Coors Beverage showed an EPS of $1.32, compared to $1.75 from the year-ago quarter. The current stock performance of Molson Coors Beverage shows a 52-week-high of $60.12 and a 52-week-low of $46.69. Moreover, at the end of the last trading period, the closing price was at $51.40.

With a Buy rating, Mizuho initiated coverage on GE HealthCare Technologies Inc GEHC. The price target seems to have been set at $90.00 for GE HealthCare Techs. GE HealthCare Techs earned $1.31 in the fourth quarter, compared to $1.36 in the year-ago quarter. The current stock performance of GE HealthCare Techs shows a 52-week-high of $73.95 and a 52-week-low of $53.50. Moreover, at the end of the last trading period, the closing price was at $70.91.

With an Outperform rating, Bernstein initiated coverage on MongoDB Inc MDB. The price target seems to have been set at $282.00 for MongoDB. For the third quarter, MongoDB had an EPS of $0.23, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $471.96 and a 52-week-low of $135.15. At the end of the last trading period, MongoDB closed at $217.33.

With a Buy rating, Roth Capital initiated coverage on Advanced Emissions Solutions Inc ADES. The price target seems to have been set at $6.00 for Advanced Emissions Solns. In the third quarter, Advanced Emissions Solns showed an EPS of $0.13, compared to $1.16 from the year-ago quarter. The stock has a 52-week-high of $6.77 and a 52-week-low of $2.11. At the end of the last trading period, Advanced Emissions Solns closed at $3.08.

With an Outperform rating, Credit Suisse initiated coverage on Wix.com Ltd WIX. The price target seems to have been set at $105.00 for Wix.com. For the third quarter, Wix.com had an EPS of $0.06, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $111.35 and a 52-week-low of $53.12. At the end of the last trading period, Wix.com closed at $86.56.

With a Neutral rating, DA Davidson initiated coverage on Braze Inc BRZE. The price target seems to have been set at $34.00 for Braze. Braze earned $0.15 in the third quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Braze shows a 52-week-high of $63.89 and a 52-week-low of $22.54. Moreover, at the end of the last trading period, the closing price was at $31.85.

Benchmark initiated coverage on Weatherford International PLC WFRD with a Buy rating. The price target for Weatherford International is set to $88.00. Weatherford International earned $1.12 in the fourth quarter, compared to $0.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $69.44 and a 52-week-low of $16.96. Weatherford International closed at $65.70 at the end of the last trading period.

Citigroup initiated coverage on Newell Brands Inc NWL with a Neutral rating. The price target for Newell Brands is set to $15.00. Newell Brands earned $0.16 in the fourth quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.45 and a 52-week-low of $12.24. Newell Brands closed at $15.30 at the end of the last trading period.

Citigroup initiated coverage on Kimberly-Clark Corp KMB with a Sell rating. The price target for Kimberly-Clark is set to $120.00. Kimberly-Clark earned $1.54 in the fourth quarter, compared to $1.30 in the year-ago quarter. The current stock performance of Kimberly-Clark shows a 52-week-high of $144.53 and a 52-week-low of $108.74. Moreover, at the end of the last trading period, the closing price was at $126.47.

Citigroup initiated coverage on Coca-Cola Co KO with a Buy rating. The price target for Coca-Cola is set to $68.00. In the fourth quarter, Coca-Cola showed an EPS of $0.45, compared to $0.45 from the year-ago quarter. The current stock performance of Coca-Cola shows a 52-week-high of $67.20 and a 52-week-low of $54.02. Moreover, at the end of the last trading period, the closing price was at $59.22.

With a Buy rating, Citigroup initiated coverage on Constellation Brands Inc STZ. The price target seems to have been set at $265.00 for Constellation Brands. Constellation Brands earned $2.83 in the third quarter, compared to $3.12 in the year-ago quarter. The stock has a 52-week-high of $261.52 and a 52-week-low of $207.59. At the end of the last trading period, Constellation Brands closed at $227.26.

Citigroup initiated coverage on Procter & Gamble Co PG with a Buy rating. The price target for Procter & Gamble is set to $160.00. For the second quarter, Procter & Gamble had an EPS of $1.59, compared to year-ago quarter EPS of $1.66. At the moment, the stock has a 52-week-high of $164.90 and a 52-week-low of $122.18. Procter & Gamble closed at $137.14 at the end of the last trading period.

With a Buy rating, Citigroup initiated coverage on Colgate-Palmolive Co CL. The price target seems to have been set at $84.00 for Colgate-Palmolive. Colgate-Palmolive earned $0.77 in the fourth quarter, compared to $0.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $83.81 and a 52-week-low of $67.84. Colgate-Palmolive closed at $72.77 at the end of the last trading period.

With a Neutral rating, Citigroup initiated coverage on Coty Inc COTY. The price target seems to have been set at $15.00 for Coty. In the second quarter, Coty showed an EPS of $0.22, compared to $0.17 from the year-ago quarter. The current stock performance of Coty shows a 52-week-high of $11.65 and a 52-week-low of $5.90. Moreover, at the end of the last trading period, the closing price was at $11.23.

With a Neutral rating, Citigroup initiated coverage on Keurig Dr Pepper Inc KDP. The price target seems to have been set at $37.00 for Keurig Dr Pepper. For the third quarter, Keurig Dr Pepper had an EPS of $0.46, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $41.31 and a 52-week-low of $33.35. Keurig Dr Pepper closed at $35.90 at the end of the last trading period.

Citigroup initiated coverage on Church & Dwight Co Inc CHD with a Neutral rating. The price target for Church & Dwight Co is set to $85.00. For the fourth quarter, Church & Dwight Co had an EPS of $0.62, compared to year-ago quarter EPS of $0.64. The current stock performance of Church & Dwight Co shows a 52-week-high of $105.28 and a 52-week-low of $70.16. Moreover, at the end of the last trading period, the closing price was at $82.79.

Citigroup initiated coverage on PepsiCo Inc PEP with a Neutral rating. The price target for PepsiCo is set to $180.00. In the fourth quarter, PepsiCo showed an EPS of $1.67, compared to $1.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $186.84 and a 52-week-low of $153.37. PepsiCo closed at $175.51 at the end of the last trading period.

Citigroup initiated coverage on The Estee Lauder Companies Inc EL with a Buy rating. The price target for Estee Lauder Cos is set to $295.00. For the second quarter, Estee Lauder Cos had an EPS of $1.54, compared to year-ago quarter EPS of $3.01. The current stock performance of Estee Lauder Cos shows a 52-week-high of $310.12 and a 52-week-low of $186.47. Moreover, at the end of the last trading period, the closing price was at $249.53.

See all analyst ratings initiations.