Benzinga's Top Ratings Upgrades, Downgrades For March 15, 2023

Upgrades

According to B of A Securities, the prior rating for WR Berkley Corp WRB was changed from Neutral to Buy. In the fourth quarter, WR Berkley showed an EPS of $1.16, compared to $1.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $76.92 and a 52-week-low of $59.98. WR Berkley closed at $61.18 at the end of the last trading period.

According to Sidoti & Co., the prior rating for Universal Electronics Inc UEIC was changed from Neutral to Buy. Universal Electronics earned $0.44 in the fourth quarter, compared to $0.68 in the year-ago quarter. The current stock performance of Universal Electronics shows a 52-week-high of $34.35 and a 52-week-low of $8.76. Moreover, at the end of the last trading period, the closing price was at $9.56.

B of A Securities upgraded the previous rating for Discover Financial Services DFS from Underperform to Neutral. Discover Finl earned $3.77 in the fourth quarter, compared to $3.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $121.14 and a 52-week-low of $87.65. Discover Finl closed at $101.44 at the end of the last trading period.

For FTC Solar Inc FTCI, B of A Securities upgraded the previous rating of Underperform to Buy. In the fourth quarter, FTC Solar showed an EPS of $0.11, compared to $0.17 from the year-ago quarter. The stock has a 52-week-high of $6.82 and a 52-week-low of $1.78. At the end of the last trading period, FTC Solar closed at $2.43.

According to Morgan Stanley, the prior rating for Azul SA AZUL was changed from Underweight to Equal-Weight. Azul earned $0.83 in the fourth quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $16.89 and a 52-week-low of $3.82. At the end of the last trading period, Azul closed at $7.29.

Citigroup upgraded the previous rating for ExlService Holdings Inc EXLS from Sell to Neutral. ExlService Holdings earned $1.56 in the fourth quarter, compared to $1.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $191.18 and a 52-week-low of $124.54. ExlService Holdings closed at $154.72 at the end of the last trading period.

According to Scotiabank, the prior rating for Canadian Pacific Railway Ltd CP was changed from Sector Perform to Sector Outperform. Canadian Pacific Railway earned $0.85 in the fourth quarter, compared to $0.75 in the year-ago quarter. At the moment, the stock has a 52-week-high of $84.22 and a 52-week-low of $65.22. Canadian Pacific Railway closed at $72.98 at the end of the last trading period.

UBS upgraded the previous rating for Jack Henry & Associates Inc JKHY from Neutral to Buy. Jack Henry & Associates earned $1.10 in the second quarter, compared to $1.30 in the year-ago quarter. The current stock performance of Jack Henry & Associates shows a 52-week-high of $212.40 and a 52-week-low of $139.28. Moreover, at the end of the last trading period, the closing price was at $141.79.

Citigroup upgraded the previous rating for Truist Financial Corp TFC from Neutral to Buy. Truist Finl earned $1.30 in the fourth quarter, compared to $1.38 in the year-ago quarter. The current stock performance of Truist Finl shows a 52-week-high of $61.00 and a 52-week-low of $30.51. Moreover, at the end of the last trading period, the closing price was at $31.88.

For Baker Hughes Co BKR, JP Morgan upgraded the previous rating of Neutral to Overweight. In the fourth quarter, Baker Hughes showed an EPS of $0.38, compared to $0.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.77 and a 52-week-low of $20.41. Baker Hughes closed at $28.36 at the end of the last trading period.

For Apartment Income REIT Corp AIRC, BMO Capital upgraded the previous rating of Underperform to Market Perform. In the fourth quarter, Apartment Income REIT showed an EPS of $0.59, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $55.82 and a 52-week-low of $33.57. At the end of the last trading period, Apartment Income REIT closed at $35.95.

For Harley-Davidson Inc HOG, Jefferies upgraded the previous rating of Underperform to Hold. For the fourth quarter, Harley-Davidson had an EPS of $0.28, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $51.77 and a 52-week-low of $29.82. Harley-Davidson closed at $39.37 at the end of the last trading period.

For Varonis Systems Inc VRNS, Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. Varonis Systems earned $0.21 in the fourth quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Varonis Systems shows a 52-week-high of $51.60 and a 52-week-low of $15.61. Moreover, at the end of the last trading period, the closing price was at $25.50.

JP Morgan upgraded the previous rating for Hamilton Lane Inc HLNE from Neutral to Overweight. For the third quarter, Hamilton Lane had an EPS of $0.43, compared to year-ago quarter EPS of $1.27. At the moment, the stock has a 52-week-high of $81.23 and a 52-week-low of $56.08. Hamilton Lane closed at $65.63 at the end of the last trading period.

According to Citigroup, the prior rating for Unum Group UNM was changed from Neutral to Buy. For the fourth quarter, Unum Gr had an EPS of $1.43, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $46.61 and a 52-week-low of $27.36. Unum Gr closed at $39.85 at the end of the last trading period.

According to Citigroup, the prior rating for Reinsurance Group of America Inc RGA was changed from Sell to Buy. For the fourth quarter, Reinsurance Gr had an EPS of $2.99, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $153.35 and a 52-week-low of $99.81. At the end of the last trading period, Reinsurance Gr closed at $130.22.

For Charles Schwab Corp SCHW, Credit Suisse upgraded the previous rating of Neutral to Outperform. For the fourth quarter, Charles Schwab had an EPS of $1.07, compared to year-ago quarter EPS of $0.86. The current stock performance of Charles Schwab shows a 52-week-high of $93.14 and a 52-week-low of $45.00. Moreover, at the end of the last trading period, the closing price was at $56.68.

See all analyst ratings upgrades.

Downgrades

According to TD Cowen, the prior rating for Oak Street Health Inc OSH was changed from Outperform to Market Perform. For the fourth quarter, Oak Street Health had an EPS of $0.56, compared to year-ago quarter EPS of $0.62. The stock has a 52-week-high of $35.65 and a 52-week-low of $13.35. At the end of the last trading period, Oak Street Health closed at $35.24.

For Decibel Therapeutics Inc DBTX, SVB Leerink downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Decibel Therapeutics showed an EPS of $0.63, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of $5.73 and a 52-week-low of $1.61. At the end of the last trading period, Decibel Therapeutics closed at $4.08.

Compass Point downgraded the previous rating for Acushnet Holdings Corp GOLF from Buy to Neutral. Acushnet Hldgs earned $0.00 in the fourth quarter, compared to $0.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.11 and a 52-week-low of $37.48. Acushnet Hldgs closed at $49.59 at the end of the last trading period.

According to Argus Research, the prior rating for Norfolk Southern Corp NSC was changed from Buy to Hold. In the fourth quarter, Norfolk Southern showed an EPS of $3.42, compared to $3.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $291.38 and a 52-week-low of $203.77. Norfolk Southern closed at $208.08 at the end of the last trading period.

According to Northland Capital Markets, the prior rating for Luna Innovations Inc LUNA was changed from Outperform to Market Perform. For the fourth quarter, Luna Innovations had an EPS of $0.08, compared to year-ago quarter EPS of $0.08. The current stock performance of Luna Innovations shows a 52-week-high of $10.97 and a 52-week-low of $4.07. Moreover, at the end of the last trading period, the closing price was at $9.57.

Citigroup downgraded the previous rating for Steel Dynamics Inc STLD from Buy to Neutral. Steel Dynamics earned $4.37 in the fourth quarter, compared to $5.78 in the year-ago quarter. The stock has a 52-week-high of $136.46 and a 52-week-low of $62.44. At the end of the last trading period, Steel Dynamics closed at $116.29.

According to William Blair, the prior rating for American Public Education Inc APEI was changed from Outperform to Market Perform. American Public Education earned $0.35 in the fourth quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $23.99 and a 52-week-low of $7.83. At the end of the last trading period, American Public Education closed at $9.26.

For Porch Group Inc PRCH, Loop Capital downgraded the previous rating of Buy to Hold. Porch Group earned $0.32 in the fourth quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Porch Group shows a 52-week-high of $8.33 and a 52-week-low of $0.94. Moreover, at the end of the last trading period, the closing price was at $1.70.

Oppenheimer downgraded the previous rating for Vacasa Inc VCSA from Outperform to Perform. In the fourth quarter, Vacasa showed an EPS of $0.34, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $9.33 and a 52-week-low of $1.08. At the end of the last trading period, Vacasa closed at $1.31.

HC Wainwright & Co. downgraded the previous rating for Provention Bio Inc PRVB from Buy to Neutral. For the third quarter, Provention Bio had an EPS of $0.34, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $24.23 and a 52-week-low of $3.20. Provention Bio closed at $23.97 at the end of the last trading period.

According to Piper Sandler, the prior rating for Traeger Inc COOK was changed from Overweight to Neutral. In the third quarter, Traeger showed an EPS of $0.21, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.91 and a 52-week-low of $2.48. Traeger closed at $3.77 at the end of the last trading period.

According to Canaccord Genuity, the prior rating for Q2 Holdings Inc QTWO was changed from Buy to Hold. In the fourth quarter, Q2 Holdings showed an EPS of $0.06, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $65.61 and a 52-week-low of $18.91. Q2 Holdings closed at $23.99 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Seagen Inc SGEN was changed from Overweight to Equal-Weight. 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 $105.50. Seagen closed at $199.84 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Jefferies initiated coverage on Vitesse Energy Inc VTS with a Buy rating. The price target for Vitesse Energy is set to $23.00. NoneAt the moment, the stock has a 52-week-high of $20.99 and a 52-week-low of $13.90. Vitesse Energy closed at $17.38 at the end of the last trading period.

JP Morgan initiated coverage on SS&C Technologies Holdings Inc SSNC with an Overweight rating. The price target for SS&C Techs Hldgs is set to $68.00. In the fourth quarter, SS&C Techs Hldgs showed an EPS of $1.16, compared to $1.28 from the year-ago quarter. The current stock performance of SS&C Techs Hldgs shows a 52-week-high of $79.03 and a 52-week-low of $45.29. Moreover, at the end of the last trading period, the closing price was at $54.88.

JP Morgan initiated coverage on Enfusion Inc ENFN with a Neutral rating. The price target for Enfusion is set to $12.00. In the fourth quarter, Enfusion showed an EPS of $0.01, compared to $0.01 from the year-ago quarter. The current stock performance of Enfusion shows a 52-week-high of $16.52 and a 52-week-low of $7.86. Moreover, at the end of the last trading period, the closing price was at $11.19.

With a Buy rating, Needham initiated coverage on ShockWave Medical Inc SWAV. The price target seems to have been set at $240.00 for ShockWave Medical. ShockWave Medical earned $3.71 in the fourth quarter, compared to $0.34 in the year-ago quarter. The current stock performance of ShockWave Medical shows a 52-week-high of $320.00 and a 52-week-low of $113.53. Moreover, at the end of the last trading period, the closing price was at $201.05.

Stifel initiated coverage on Movella Holdings Inc MVLA with a Buy rating. The price target for Movella Holdings is set to $7.00. The current stock performance of Movella Holdings shows a 52-week-high of $9.35 and a 52-week-low of $1.61. Moreover, at the end of the last trading period, the closing price was at $1.69.

With a Neutral rating, DA Davidson initiated coverage on Amplitude Inc AMPL. The price target seems to have been set at $13.00 for Amplitude. Amplitude earned $0.03 in the fourth quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.41 and a 52-week-low of $10.51. Amplitude closed at $12.28 at the end of the last trading period.

See all analyst ratings initiations.