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

Upgrades

Citigroup upgraded the previous rating for LexinFintech Holdings Ltd LX from Neutral to Buy. In the fourth quarter, LexinFintech Holdings showed an EPS of $0.30, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $3.86 and a 52-week-low of $1.26. At the end of the last trading period, LexinFintech Holdings closed at $2.24.

For Freeport-McMoRan Inc FCX, Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. Freeport-McMoRan earned $0.52 in the fourth quarter, compared to $0.96 in the year-ago quarter. The current stock performance of Freeport-McMoRan shows a 52-week-high of $51.99 and a 52-week-low of $24.80. Moreover, at the end of the last trading period, the closing price was at $37.61.

Tigress Financial upgraded the previous rating for Acushnet Holdings Corp GOLF from Neutral to Buy. Acushnet Hldgs earned $0.00 in the fourth quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Acushnet Hldgs shows a 52-week-high of $54.11 and a 52-week-low of $37.46. Moreover, at the end of the last trading period, the closing price was at $50.55.

For Newmont Corp NEM, Canaccord Genuity upgraded the previous rating of Hold to Buy. For the fourth quarter, Newmont had an EPS of $0.44, compared to year-ago quarter EPS of $0.78. At the moment, the stock has a 52-week-high of $86.37 and a 52-week-low of $37.45. Newmont closed at $45.12 at the end of the last trading period.

For Portland General Electric Co POR, B of A Securities upgraded the previous rating of Neutral to Buy. In the fourth quarter, Portland Gen Electric showed an EPS of $0.56, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.03 and a 52-week-low of $41.58. Portland Gen Electric closed at $46.07 at the end of the last trading period.

For Vermilion Energy Inc VET, JP Morgan upgraded the previous rating of Neutral to Overweight. For the fourth quarter, Vermilion Energy had an EPS of $1.80, compared to year-ago quarter EPS of $1.68. At the moment, the stock has a 52-week-high of $30.17 and a 52-week-low of $12.78. Vermilion Energy closed at $13.12 at the end of the last trading period.

According to Credit Suisse, the prior rating for Pinnacle West Capital Corp PNW was changed from Neutral to Outperform. In the fourth quarter, Pinnacle West Capital showed an EPS of $0.21, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $80.60 and a 52-week-low of $59.03. Pinnacle West Capital closed at $75.45 at the end of the last trading period.

Needham upgraded the previous rating for TrueCar Inc TRUE from Hold to Buy. TrueCar earned $0.21 in the fourth quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.08 and a 52-week-low of $1.30. TrueCar closed at $2.00 at the end of the last trading period.

For Unum Group UNM, Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. For the fourth quarter, Unum Gr had an EPS of $1.43, compared to year-ago quarter EPS of $0.89. The stock has a 52-week-high of $46.64 and a 52-week-low of $27.00. At the end of the last trading period, Unum Gr closed at $36.64.

According to JP Morgan, the prior rating for MPLX LP MPLX was changed from Neutral to Overweight. In the fourth quarter, MPLX showed an EPS of $0.78, compared to $0.78 from the year-ago quarter. The current stock performance of MPLX shows a 52-week-high of $35.49 and a 52-week-low of $27.46. Moreover, at the end of the last trading period, the closing price was at $34.45.

For Match Group Inc MTCH, Barclays upgraded the previous rating of Equal-Weight to Overweight. Match Group earned $0.30 in the fourth quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $114.36 and a 52-week-low of $34.62. Match Group closed at $34.79 at the end of the last trading period.

Wolfe Research upgraded the previous rating for Roku Inc ROKU from Underperform to Peer Perform. For the fourth quarter, Roku had an EPS of $1.70, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $139.58 and a 52-week-low of $38.26. Roku closed at $59.54 at the end of the last trading period.

For Tricon Residential Inc TCN, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. In the fourth quarter, Tricon Residential showed an EPS of $0.31, compared to $0.15 from the year-ago quarter. The current stock performance of Tricon Residential shows a 52-week-high of $17.23 and a 52-week-low of $7.18. Moreover, at the end of the last trading period, the closing price was at $7.65.

For Intellia Therapeutics Inc NTLA, BMO Capital upgraded the previous rating of Market Perform to Outperform. For the fourth quarter, Intellia Therapeutics had an EPS of $1.40, compared to year-ago quarter EPS of $1.09. The stock has a 52-week-high of $78.58 and a 52-week-low of $32.44. At the end of the last trading period, Intellia Therapeutics closed at $38.31.

Keybanc upgraded the previous rating for Avid Bioservices Inc CDMO from Sector Weight to Overweight. For the third quarter, Avid Bioservices had an EPS of $0.07, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $22.38 and a 52-week-low of $11.30. At the end of the last trading period, Avid Bioservices closed at $13.82.

See all analyst ratings upgrades.

Downgrades

Craig-Hallum downgraded the previous rating for Momentive Global Inc MNTV from Buy to Hold. Momentive Glb earned $0.14 in the fourth quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $18.48 and a 52-week-low of $5.13. At the end of the last trading period, Momentive Glb closed at $7.72.

Macquarie downgraded the previous rating for Lufax Holding Ltd LU from Neutral to Underperform. For the fourth quarter, Lufax Holding had an EPS of $0.05, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $7.05 and a 52-week-low of $1.26. At the end of the last trading period, Lufax Holding closed at $1.92.

For Hancock Whitney Corp HWC, Janney Montgomery Scott downgraded the previous rating of Buy to Neutral. For the fourth quarter, Hancock Whitney had an EPS of $1.65, compared to year-ago quarter EPS of $1.51. At the moment, the stock has a 52-week-high of $57.00 and a 52-week-low of $37.00. Hancock Whitney closed at $39.74 at the end of the last trading period.

According to Scotiabank, the prior rating for Mid-America Apartment Communities Inc MAA was changed from Sector Outperform to Sector Perform. In the fourth quarter, Mid-America Apartment showed an EPS of $2.32, compared to $1.90 from the year-ago quarter. The stock has a 52-week-high of $217.64 and a 52-week-low of $141.13. At the end of the last trading period, Mid-America Apartment closed at $151.50.

Needham downgraded the previous rating for Momentive Global Inc MNTV from Buy to Hold. For the fourth quarter, Momentive Glb had an EPS of $0.14, compared to year-ago quarter EPS of $0.01. The current stock performance of Momentive Glb shows a 52-week-high of $18.48 and a 52-week-low of $5.13. Moreover, at the end of the last trading period, the closing price was at $7.72.

According to JP Morgan, the prior rating for Ovintiv Inc OVV was changed from Overweight to Neutral. For the fourth quarter, Ovintiv had an EPS of $0.91, compared to year-ago quarter EPS of $1.25. At the moment, the stock has a 52-week-high of $63.30 and a 52-week-low of $36.81. Ovintiv closed at $37.61 at the end of the last trading period.

According to Oppenheimer, the prior rating for Lightning eMotors Inc ZEV was changed from Outperform to Perform. Lightning eMotors earned $0.31 in the fourth quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Lightning eMotors shows a 52-week-high of $6.05 and a 52-week-low of $0.29. Moreover, at the end of the last trading period, the closing price was at $0.34.

For Provention Bio Inc PRVB, SMBC Nikko downgraded the previous rating of Outperform to Neutral. Provention Bio earned $0.34 in the third quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $24.23 and a 52-week-low of $3.19. At the end of the last trading period, Provention Bio closed at $24.10.

For Precision BioSciences Inc DTIL, BMO Capital downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Precision BioSciences showed an EPS of $0.26, compared to $0.52 from the year-ago quarter. The stock has a 52-week-high of $4.21 and a 52-week-low of $0.90. At the end of the last trading period, Precision BioSciences closed at $0.93.

For Seagen Inc SGEN, BMO Capital downgraded the previous rating of Outperform to Market Perform. For the fourth quarter, Seagen had an EPS of $0.80, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $202.86 and a 52-week-low of $105.43. Seagen closed at $197.65 at the end of the last trading period.

For Seagen Inc SGEN, JMP Securities downgraded the previous rating of Market Outperform to Market Perform. For the fourth quarter, Seagen had an EPS of $0.80, compared to year-ago quarter EPS of $0.95. The stock has a 52-week-high of $202.86 and a 52-week-low of $105.43. At the end of the last trading period, Seagen closed at $197.65.

For Qualtrics International Inc XM, JMP Securities downgraded the previous rating of Market Outperform to Market Perform. Qualtrics International earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.95 and a 52-week-low of $9.32. Qualtrics International closed at $17.68 at the end of the last trading period.

For Crestwood Equity Partners LP CEQP, JP Morgan downgraded the previous rating of Overweight to Neutral. Crestwood Equity Partners earned $0.26 in the fourth quarter, compared to $0.79 in the year-ago quarter. The current stock performance of Crestwood Equity Partners shows a 52-week-high of $32.96 and a 52-week-low of $22.88. Moreover, at the end of the last trading period, the closing price was at $24.76.

For Qualtrics International Inc XM, Raymond James downgraded the previous rating of Outperform to Market Perform. Qualtrics International earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Qualtrics International shows a 52-week-high of $30.95 and a 52-week-low of $9.32. Moreover, at the end of the last trading period, the closing price was at $17.68.

According to Jefferies, the prior rating for Provention Bio Inc PRVB was changed from Buy to Hold. Provention Bio earned $0.34 in the third quarter, compared to $0.43 in the year-ago quarter. The current stock performance of Provention Bio shows a 52-week-high of $24.23 and a 52-week-low of $3.19. Moreover, at the end of the last trading period, the closing price was at $24.10.

For Qualtrics International Inc XM, Piper Sandler downgraded the previous rating of Overweight to Neutral. Qualtrics International earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.95 and a 52-week-low of $9.32. Qualtrics International closed at $17.68 at the end of the last trading period.

Raymond James downgraded the previous rating for Seagen Inc SGEN from Strong Buy to Market Perform. In the fourth quarter, Seagen showed an EPS of $0.80, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $202.86 and a 52-week-low of $105.43. At the end of the last trading period, Seagen closed at $197.65.

For Ncino Inc NCNO, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, Ncino showed an EPS of $0.01, compared to $0.04 from the year-ago quarter. The current stock performance of Ncino shows a 52-week-high of $51.73 and a 52-week-low of $19.58. Moreover, at the end of the last trading period, the closing price was at $21.29.

Needham downgraded the previous rating for Seagen Inc SGEN from Buy to Hold. For the fourth quarter, Seagen had an EPS of $0.80, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $202.86 and a 52-week-low of $105.43. Seagen closed at $197.65 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Deutsche Bank initiated coverage on LSB Industries Inc LXU with a Buy rating. The price target for LSB Industries is set to $16.00. LSB Industries earned $0.90 in the fourth quarter, compared to $0.72 in the year-ago quarter. The current stock performance of LSB Industries shows a 52-week-high of $27.45 and a 52-week-low of $11.36. Moreover, at the end of the last trading period, the closing price was at $11.46.

Janney Montgomery Scott initiated coverage on Community Bank System Inc CBU with a Buy rating. The price target for Community Bank System is set to $66.00. Community Bank System earned $0.96 in the fourth quarter, compared to $0.81 in the year-ago quarter. The current stock performance of Community Bank System shows a 52-week-high of $73.61 and a 52-week-low of $48.99. Moreover, at the end of the last trading period, the closing price was at $51.95.

Morgan Stanley initiated coverage on Nikola Corp NKLA with a Equal-Weight rating. The price target for Nikola is set to $3.00. For the fourth quarter, Nikola had an EPS of $0.37, compared to year-ago quarter EPS of $0.23. The current stock performance of Nikola shows a 52-week-high of $11.87 and a 52-week-low of $1.60. Moreover, at the end of the last trading period, the closing price was at $1.78.

Barclays initiated coverage on Encompass Health Corp EHC with a Equal-Weight rating. The price target for Encompass Health is set to $57.00. In the fourth quarter, Encompass Health showed an EPS of $0.88, compared to $0.97 from the year-ago quarter. The current stock performance of Encompass Health shows a 52-week-high of $74.61 and a 52-week-low of $44.33. Moreover, at the end of the last trading period, the closing price was at $52.81.

Citigroup initiated coverage on Lilium NV LILM with a Neutral rating. The price target for Lilium is set to $1.00. NoneThe current stock performance of Lilium shows a 52-week-high of $5.52 and a 52-week-low of $0.80. Moreover, at the end of the last trading period, the closing price was at $0.84.

Jefferies initiated coverage on Academy Sports and Outdoors Inc ASO with a Buy rating. The price target for Academy Sports is set to $73.00. For the third quarter, Academy Sports had an EPS of $1.69, compared to year-ago quarter EPS of $1.75. The stock has a 52-week-high of $63.89 and a 52-week-low of $25.10. At the end of the last trading period, Academy Sports closed at $58.45.

Jefferies initiated coverage on Hibbett Inc HIBB with a Hold rating. The price target for Hibbett is set to $69.00. For the fourth quarter, Hibbett had an EPS of $2.91, compared to year-ago quarter EPS of $1.25. The stock has a 52-week-high of $75.38 and a 52-week-low of $39.58. At the end of the last trading period, Hibbett closed at $63.71.

With a Buy rating, JonesTrading initiated coverage on Trevi Therapeutics Inc TRVI. The price target seems to have been set at $7.00 for Trevi Therapeutics. For the third quarter, Trevi Therapeutics had an EPS of $0.12, compared to year-ago quarter EPS of $0.34. At the moment, the stock has a 52-week-high of $4.68 and a 52-week-low of $1.31. Trevi Therapeutics closed at $1.87 at the end of the last trading period.

With a Buy rating, JonesTrading initiated coverage on Durect Corp DRRX. The price target seems to have been set at $37.00 for Durect. For the fourth quarter, Durect had an EPS of $0.46, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $9.70 and a 52-week-low of $3.17. Durect closed at $4.65 at the end of the last trading period.

Stifel initiated coverage on Arcellx Inc ACLX with a Buy rating. The price target for Arcellx is set to $43.00. At the moment, the stock has a 52-week-high of $35.26 and a 52-week-low of $6.04. Arcellx closed at $27.62 at the end of the last trading period.

Cantor Fitzgerald initiated coverage on Cipher Mining Inc CIFR with an Overweight rating. The price target for Cipher Mining is set to $3.00. For the fourth quarter, Cipher Mining had an EPS of $0.09, compared to year-ago quarter EPS of $0.32. The stock has a 52-week-high of $3.94 and a 52-week-low of $0.38. At the end of the last trading period, Cipher Mining closed at $1.82.

With a Hold rating, Jefferies initiated coverage on Dick's Sporting Goods Inc DKS. The price target seems to have been set at $155.00 for Dick's Sporting Goods. For the fourth quarter, Dick's Sporting Goods had an EPS of $2.93, compared to year-ago quarter EPS of $3.64. The current stock performance of Dick's Sporting Goods shows a 52-week-high of $152.61 and a 52-week-low of $63.45. Moreover, at the end of the last trading period, the closing price was at $145.09.

See all analyst ratings initiations.