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

Upgrades

Redburn Partners upgraded the previous rating for FMC Corp FMC from Neutral to Buy. For the fourth quarter, FMC had an EPS of $2.37, compared to year-ago quarter EPS of $2.16. The stock has a 52-week-high of $140.82 and a 52-week-low of $98.24. At the end of the last trading period, FMC closed at $116.76.

Piper Sandler upgraded the previous rating for Columbia Banking System Inc COLB from Neutral to Overweight. For the fourth quarter, Columbia Banking System had an EPS of $0.88, compared to year-ago quarter EPS of $0.55. The stock has a 52-week-high of $35.53 and a 52-week-low of $20.25. At the end of the last trading period, Columbia Banking System closed at $21.94.

Seaport Global upgraded the previous rating for Duke Energy Corp DUK from Sell to Neutral. For the fourth quarter, Duke Energy had an EPS of $1.11, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $116.33 and a 52-week-low of $83.78. At the end of the last trading period, Duke Energy closed at $97.20.

According to Wolfe Research, the prior rating for Warner Bros. Discovery Inc WBD was changed from Peer Perform to Outperform. In the fourth quarter, Warner Bros. Discovery showed an EPS of $0.37, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $27.50 and a 52-week-low of $8.82. At the end of the last trading period, Warner Bros. Discovery closed at $14.16.

According to Wolfe Research, the prior rating for American Airlines Group Inc AAL was changed from Underperform to Peer Perform. American Airlines Group earned $1.17 in the fourth quarter, compared to $1.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.42 and a 52-week-low of $11.65. American Airlines Group closed at $14.12 at the end of the last trading period.

For GDS Holdings Ltd GDS, Deutsche Bank upgraded the previous rating of Hold to Buy. In the fourth quarter, GDS Holdings showed an EPS of $0.15, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $48.39 and a 52-week-low of $8.41. At the end of the last trading period, GDS Holdings closed at $16.24.

Piper Sandler upgraded the previous rating for Sterling Bancorp Inc SBT from Neutral to Overweight. For the fourth quarter, Sterling Bancorp had an EPS of $0.00, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $7.16 and a 52-week-low of $4.49. Sterling Bancorp closed at $5.28 at the end of the last trading period.

According to Exane BNP Paribas, the prior rating for Alphabet Inc GOOGL was changed from Neutral to Outperform. In the fourth quarter, Alphabet showed an EPS of $1.05, compared to $1.53 from the year-ago quarter. The stock has a 52-week-high of $143.75 and a 52-week-low of $83.34. At the end of the last trading period, Alphabet closed at $100.32.

According to Wells Fargo, the prior rating for Warner Bros. Discovery Inc WBD was changed from Equal-Weight to Overweight. For the fourth quarter, Warner Bros. Discovery had an EPS of $0.37, compared to year-ago quarter EPS of $0.08. The current stock performance of Warner Bros. Discovery shows a 52-week-high of $27.50 and a 52-week-low of $8.82. Moreover, at the end of the last trading period, the closing price was at $14.16.

Baird upgraded the previous rating for Applied Industrial Technologies Inc AIT from Neutral to Outperform. For the second quarter, Applied Industrial had an EPS of $2.22, compared to year-ago quarter EPS of $1.55. At the moment, the stock has a 52-week-high of $149.42 and a 52-week-low of $88.20. Applied Industrial closed at $134.32 at the end of the last trading period.

For LivePerson Inc LPSN, Credit Suisse upgraded the previous rating of Underweight to Neutral. LivePerson earned $0.25 in the fourth quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $26.64 and a 52-week-low of $4.02. At the end of the last trading period, LivePerson closed at $4.13.

For Chubb Ltd CB, JP Morgan upgraded the previous rating of Neutral to Overweight. For the fourth quarter, Chubb had an EPS of $4.05, compared to year-ago quarter EPS of $3.81. The stock has a 52-week-high of $231.37 and a 52-week-low of $173.88. At the end of the last trading period, Chubb closed at $191.86.

Oppenheimer upgraded the previous rating for Synchrony Financial SYF from Perform to Outperform. In the fourth quarter, Synchrony Finl showed an EPS of $1.26, compared to $1.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.87 and a 52-week-low of $27.22. Synchrony Finl closed at $29.16 at the end of the last trading period.

Keefe, Bruyette & Woods upgraded the previous rating for Fidelity National Information Services Inc FIS from Market Perform to Outperform. For the fourth quarter, Fidelity National Info had an EPS of $1.71, compared to year-ago quarter EPS of $1.92. The stock has a 52-week-high of $106.64 and a 52-week-low of $49.14. At the end of the last trading period, Fidelity National Info closed at $52.15.

For NVIDIA Corp NVDA, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the fourth quarter, NVIDIA had an EPS of $0.88, compared to year-ago quarter EPS of $1.32. At the moment, the stock has a 52-week-high of $289.34 and a 52-week-low of $108.14. NVIDIA closed at $255.41 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

UBS downgraded the previous rating for Braze Inc BRZE from Buy to Neutral. In the third quarter, Braze showed an EPS of $0.15, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.96 and a 52-week-low of $22.62. Braze closed at $33.15 at the end of the last trading period.

Guggenheim downgraded the previous rating for AEye Inc LIDR from Buy to Neutral. AEye earned $0.11 in the fourth quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $6.33 and a 52-week-low of $0.40. At the end of the last trading period, AEye closed at $0.45.

According to Argus Research, the prior rating for Bath & Body Works Inc BBWI was changed from Buy to Hold. For the fourth quarter, Bath & Body Works had an EPS of $1.86, compared to year-ago quarter EPS of $2.30. The stock has a 52-week-high of $57.90 and a 52-week-low of $25.81. At the end of the last trading period, Bath & Body Works closed at $35.25.

For Ondas Holdings Inc ONDS, Oppenheimer downgraded the previous rating of Outperform to Perform. In the fourth quarter, Ondas Holdings showed an EPS of $0.44, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.30 and a 52-week-low of $1.32. Ondas Holdings closed at $1.46 at the end of the last trading period.

According to Oppenheimer, the prior rating for QualTek Services Inc QTEK was changed from Outperform to Perform. At the moment, the stock has a 52-week-high of $3.78 and a 52-week-low of $0.27. QualTek Services closed at $0.28 at the end of the last trading period.

Gordon Haskett downgraded the previous rating for Dollar General Corp DG from Accumulate to Hold. Dollar Gen earned $2.96 in the fourth quarter, compared to $2.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $262.07 and a 52-week-low of $183.25. Dollar Gen closed at $212.09 at the end of the last trading period.

According to Atlantic Equities, the prior rating for First Republic Bank FRC was changed from Overweight to Neutral. In the fourth quarter, First Republic Bank showed an EPS of $1.88, compared to $2.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $174.19 and a 52-week-low of $17.53. First Republic Bank closed at $34.27 at the end of the last trading period.

Keefe, Bruyette & Woods downgraded the previous rating for Bread Financial Holdings Inc BFH from Outperform to Market Perform. Bread Finl Hldgs earned $2.68 in the fourth quarter, compared to $1.21 in the year-ago quarter. The current stock performance of Bread Finl Hldgs shows a 52-week-high of $60.72 and a 52-week-low of $28.94. Moreover, at the end of the last trading period, the closing price was at $31.46.

For Kaleyra Inc KLR, Oppenheimer downgraded the previous rating of Outperform to Perform. At the moment, the stock has a 52-week-high of $24.85 and a 52-week-low of $2.00. Kaleyra closed at $2.18 at the end of the last trading period.

For DigitalOcean Holdings Inc DOCN, Oppenheimer downgraded the previous rating of Outperform to Perform. In the fourth quarter, DigitalOcean Holdings showed an EPS of $0.28, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $63.14 and a 52-week-low of $23.39. DigitalOcean Holdings closed at $35.05 at the end of the last trading period.

JP Morgan downgraded the previous rating for Cerevel Therapeutics Holdings Inc CERE from Overweight to Neutral. For the fourth quarter, Cerevel Therapeutics Hldg had an EPS of $0.59, compared to year-ago quarter EPS of $0.40. The current stock performance of Cerevel Therapeutics Hldg shows a 52-week-high of $41.43 and a 52-week-low of $19.88. Moreover, at the end of the last trading period, the closing price was at $24.32.

For NovoCure Ltd NVCR, JP Morgan downgraded the previous rating of Neutral to Underweight. NovoCure earned $0.36 in the fourth quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $120.03 and a 52-week-low of $56.39. NovoCure closed at $64.43 at the end of the last trading period.

JP Morgan downgraded the previous rating for Emergent BioSolutions Inc EBS from Neutral to Underweight. In the fourth quarter, Emergent BioSolutions showed an EPS of $0.31, compared to $4.50 from the year-ago quarter. The stock has a 52-week-high of $45.02 and a 52-week-low of $9.17. At the end of the last trading period, Emergent BioSolutions closed at $9.65.

Truist Securities downgraded the previous rating for Veeva Systems Inc VEEV from Buy to Hold. In the fourth quarter, Veeva Sys showed an EPS of $1.15, compared to $0.90 from the year-ago quarter. The current stock performance of Veeva Sys shows a 52-week-high of $232.26 and a 52-week-low of $151.06. Moreover, at the end of the last trading period, the closing price was at $175.78.

According to Wedbush, the prior rating for First Republic Bank FRC was changed from Outperform to Neutral. For the fourth quarter, First Republic Bank had an EPS of $1.88, compared to year-ago quarter EPS of $2.02. The current stock performance of First Republic Bank shows a 52-week-high of $174.19 and a 52-week-low of $17.53. Moreover, at the end of the last trading period, the closing price was at $34.27.

For Qualtrics International Inc XM, Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. In the fourth quarter, Qualtrics International showed an EPS of $0.03, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $30.91 and a 52-week-low of $9.32. At the end of the last trading period, Qualtrics International closed at $17.69.

According to B of A Securities, the prior rating for Terex Corp TEX was changed from Buy to Neutral. For the fourth quarter, Terex had an EPS of $1.34, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $60.85 and a 52-week-low of $26.69. At the end of the last trading period, Terex closed at $49.68.

For Macrogenics Inc MGNX, Guggenheim downgraded the previous rating of Buy to Neutral. In the fourth quarter, Macrogenics showed an EPS of $0.21, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $10.20 and a 52-week-low of $2.13. At the end of the last trading period, Macrogenics closed at $6.99.

According to Oppenheimer, the prior rating for RingCentral Inc RNG was changed from Outperform to Perform. RingCentral earned $0.60 in the fourth quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $129.51 and a 52-week-low of $28.00. RingCentral closed at $31.97 at the end of the last trading period.

According to Telsey Advisory Group, the prior rating for The Honest Co Inc HNST was changed from Outperform to Market Perform. For the fourth quarter, Honest Co had an EPS of $0.14, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $6.16 and a 52-week-low of $1.82. At the end of the last trading period, Honest Co closed at $1.86.

For Synchrony Financial SYF, Keefe, Bruyette & Woods downgraded the previous rating of Market Outperform to Market Perform. For the fourth quarter, Synchrony Finl had an EPS of $1.26, compared to year-ago quarter EPS of $1.48. The current stock performance of Synchrony Finl shows a 52-week-high of $41.87 and a 52-week-low of $27.22. Moreover, at the end of the last trading period, the closing price was at $29.16.

According to Cantor Fitzgerald, the prior rating for REE Automotive Ltd REE was changed from Overweight to Neutral. For the fourth quarter, REE Automotive had an EPS of $0.07, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $2.56 and a 52-week-low of $0.29. REE Automotive closed at $0.38 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Maxim Group initiated coverage on Zevra Therapeutics Inc ZVRA with a Buy rating. The price target for Zevra Therapeutics is set to $12.00. In the fourth quarter, Zevra Therapeutics showed an EPS of $0.26, compared to $0.08 from the year-ago quarter. The current stock performance of Zevra Therapeutics shows a 52-week-high of $6.92 and a 52-week-low of $4.00. Moreover, at the end of the last trading period, the closing price was at $4.71.

BTIG initiated coverage on Seadrill Ltd SDRL with a Buy rating. The price target for Seadrill is set to $50.00. Seadrill earned $0.36 in the third quarter, compared to $0.55 in the year-ago quarter. The stock has a 52-week-high of $45.48 and a 52-week-low of $24.51. At the end of the last trading period, Seadrill closed at $35.80.

Stifel initiated coverage on Inventiva SA IVA with a Buy rating. The price target for Inventiva is set to $27.00. None

Citigroup initiated coverage on Bumble Inc BMBL with a Buy rating. The price target for Bumble is set to $24.00. Bumble earned $0.23 in the fourth quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.31 and a 52-week-low of $17.62. Bumble closed at $19.37 at the end of the last trading period.

With a Buy rating, Truist Securities initiated coverage on Churchill Downs Inc CHDN. The price target seems to have been set at $300.00 for Churchill Downs. For the fourth quarter, Churchill Downs had an EPS of $1.46, compared to year-ago quarter EPS of $1.27. The current stock performance of Churchill Downs shows a 52-week-high of $253.29 and a 52-week-low of $172.75. Moreover, at the end of the last trading period, the closing price was at $243.89.

With a Buy rating, Truist Securities initiated coverage on IQVIA Holdings Inc IQV. The price target seems to have been set at $265.00 for IQVIA Hldgs. IQVIA Hldgs earned $2.78 in the fourth quarter, compared to $2.55 in the year-ago quarter. The current stock performance of IQVIA Hldgs shows a 52-week-high of $254.88 and a 52-week-low of $165.75. Moreover, at the end of the last trading period, the closing price was at $196.43.

SVB Leerink initiated coverage on Centessa Pharmaceuticals PLC CNTA with an Outperform rating. The price target for Centessa Pharmaceuticals is set to $6.00. In the third quarter, Centessa Pharmaceuticals showed an EPS of $0.57, compared to $0.45 from the year-ago quarter. The current stock performance of Centessa Pharmaceuticals shows a 52-week-high of $9.91 and a 52-week-low of $2.90. Moreover, at the end of the last trading period, the closing price was at $4.00.

SVB Leerink initiated coverage on PTC Therapeutics Inc PTCT with a Market Perform rating. The price target for PTC Therapeutics is set to $48.00. For the fourth quarter, PTC Therapeutics had an EPS of $1.89, compared to year-ago quarter EPS of $2.03. At the moment, the stock has a 52-week-high of $55.52 and a 52-week-low of $25.04. PTC Therapeutics closed at $48.10 at the end of the last trading period.

Cantor Fitzgerald initiated coverage on Galecto Inc GLTO with an Overweight rating. The price target for Galecto is set to $16.00. Galecto earned $0.55 in the fourth quarter, compared to $0.53 in the year-ago quarter. The stock has a 52-week-high of $2.95 and a 52-week-low of $1.06. At the end of the last trading period, Galecto closed at $1.76.

Capital One initiated coverage on Zscaler Inc ZS with a Equal-Weight rating. The price target for Zscaler is set to $125.00. For the second quarter, Zscaler had an EPS of $0.37, compared to year-ago quarter EPS of $0.13. The current stock performance of Zscaler shows a 52-week-high of $253.72 and a 52-week-low of $99.64. Moreover, at the end of the last trading period, the closing price was at $108.13.

With a Buy rating, Citigroup initiated coverage on Atour Lifestyle Holdings Ltd ATAT. The price target seems to have been set at $28.30 for Atour Lifestyle Holdings. The current stock performance of Atour Lifestyle Holdings shows a 52-week-high of $29.40 and a 52-week-low of $11.05. Moreover, at the end of the last trading period, the closing price was at $24.08.

With a Buy rating, WestPark Capital initiated coverage on Okta Inc OKTA. The price target seems to have been set at $120.00 for Okta. Okta earned $0.30 in the fourth quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Okta shows a 52-week-high of $176.02 and a 52-week-low of $44.13. Moreover, at the end of the last trading period, the closing price was at $84.36.

Baird initiated coverage on BILL Holdings Inc BILL with a Neutral rating. The price target for BILL Holdings is set to $86.00. BILL Holdings earned $0.42 in the second quarter, compared to $0.00 in the year-ago quarter. The current stock performance of BILL Holdings shows a 52-week-high of $244.89 and a 52-week-low of $68.30. Moreover, at the end of the last trading period, the closing price was at $76.63.

With a Buy rating, Stifel initiated coverage on Viking Therapeutics Inc VKTX. The price target seems to have been set at $22.00 for Viking Therapeutics. In the fourth quarter, Viking Therapeutics showed an EPS of $0.26, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.98 and a 52-week-low of $2.02. Viking Therapeutics closed at $10.94 at the end of the last trading period.

See all analyst ratings initiations.