Benzinga's Top Ratings Upgrades, Downgrades For March 22, 2023

Upgrades

Clarkson Capital Markets upgraded the previous rating for Transocean Ltd RIG from Neutral to Buy. In the fourth quarter, Transocean showed an EPS of $0.49, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $7.74 and a 52-week-low of $2.33. At the end of the last trading period, Transocean closed at $6.12.

Wolfe Research upgraded the previous rating for Knight-Swift Transportation Holdings Inc KNX from Peer Perform to Outperform. Knight-Swift earned $1.00 in the fourth quarter, compared to $1.61 in the year-ago quarter. The stock has a 52-week-high of $64.35 and a 52-week-low of $42.53. At the end of the last trading period, Knight-Swift closed at $56.70.

Argus Research upgraded the previous rating for Consolidated Edison Inc ED from Hold to Buy. Consolidated Edison earned $0.81 in the fourth quarter, compared to $1.00 in the year-ago quarter. The stock has a 52-week-high of $102.19 and a 52-week-low of $78.21. At the end of the last trading period, Consolidated Edison closed at $93.19.

For Ross Stores Inc ROST, Loop Capital upgraded the previous rating of Hold to Buy. In the fourth quarter, Ross Stores showed an EPS of $1.31, compared to $1.05 from the year-ago quarter. The current stock performance of Ross Stores shows a 52-week-high of $122.44 and a 52-week-low of $69.24. Moreover, at the end of the last trading period, the closing price was at $104.14.

Raymond James upgraded the previous rating for Crescent Point Energy Corp CPG from Market Perform to Outperform. Crescent Point Energy earned $0.28 in the fourth quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $10.96 and a 52-week-low of $5.51. At the end of the last trading period, Crescent Point Energy closed at $6.41.

According to RBC Capital, the prior rating for Sibanye Stillwater Ltd SBSW was changed from Sector Perform to Outperform. NoneThe current stock performance of Sibanye Stillwater shows a 52-week-high of $18.63 and a 52-week-low of $7.82. Moreover, at the end of the last trading period, the closing price was at $8.43.

According to Guggenheim, the prior rating for Spotify Technology SA SPOT was changed from Neutral to Buy. For the fourth quarter, Spotify Technology had an EPS of $1.43, compared to year-ago quarter EPS of $0.24. At the moment, the stock has a 52-week-high of $160.00 and a 52-week-low of $69.41. Spotify Technology closed at $128.81 at the end of the last trading period.

Guggenheim upgraded the previous rating for Warner Music Group Corp WMG from Neutral to Buy. Warner Music Gr earned $0.21 in the first quarter, compared to $0.43 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.30 and a 52-week-low of $21.57. Warner Music Gr closed at $30.57 at the end of the last trading period.

According to Truist Securities, the prior rating for Krispy Kreme Inc DNUT was changed from Hold to Buy. In the fourth quarter, Krispy Kreme showed an EPS of $0.11, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $16.05 and a 52-week-low of $10.21. At the end of the last trading period, Krispy Kreme closed at $14.41.

Susquehanna upgraded the previous rating for Enphase Energy Inc ENPH from Neutral to Positive. For the fourth quarter, Enphase Energy had an EPS of $1.51, compared to year-ago quarter EPS of $0.73. The current stock performance of Enphase Energy shows a 52-week-high of $339.88 and a 52-week-low of $128.68. Moreover, at the end of the last trading period, the closing price was at $207.63.

According to Barclays, the prior rating for Nike Inc NKE was changed from Equal-Weight to Overweight. In the third quarter, Nike showed an EPS of $0.79, compared to $0.87 from the year-ago quarter. At the moment, the stock has a 52-week-high of $139.86 and a 52-week-low of $82.24. Nike closed at $125.61 at the end of the last trading period.

According to JP Morgan, the prior rating for Roper Technologies Inc ROP was changed from Underweight to Neutral. In the fourth quarter, Roper Techs showed an EPS of $3.92, compared to $3.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $488.07 and a 52-week-low of $357.25. Roper Techs closed at $430.44 at the end of the last trading period.

According to Citigroup, the prior rating for So-Young International Inc SY was changed from Neutral to Buy. In the fourth quarter, So-Young Intl showed an EPS of $0.05, compared to $0.09 from the year-ago quarter. The current stock performance of So-Young Intl shows a 52-week-high of $3.07 and a 52-week-low of $0.50. Moreover, at the end of the last trading period, the closing price was at $2.11.

Wolfe Research upgraded the previous rating for PulteGroup Inc PHM from Peer Perform to Outperform. For the fourth quarter, PulteGroup had an EPS of $3.63, compared to year-ago quarter EPS of $2.51. The stock has a 52-week-high of $60.89 and a 52-week-low of $35.05. At the end of the last trading period, PulteGroup closed at $55.82.

For Semtech Corp SMTC, B. Riley Securities upgraded the previous rating of Neutral to Buy. For the third quarter, Semtech had an EPS of $0.65, compared to year-ago quarter EPS of $0.74. The current stock performance of Semtech shows a 52-week-high of $73.48 and a 52-week-low of $25.32. Moreover, at the end of the last trading period, the closing price was at $30.80.

According to Keybanc, the prior rating for DoubleVerify Holdings Inc DV was changed from Sector Weight to Overweight. DoubleVerify Hldgs earned $0.11 in the fourth quarter, compared to $0.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.42 and a 52-week-low of $17.22. DoubleVerify Hldgs closed at $27.20 at the end of the last trading period.

According to Keybanc, the prior rating for Meta Platforms Inc META was changed from Sector Weight to Overweight. In the fourth quarter, Meta Platforms showed an EPS of $1.76, compared to $3.67 from the year-ago quarter. The stock has a 52-week-high of $205.76 and a 52-week-low of $88.10. At the end of the last trading period, Meta Platforms closed at $202.16.

See all analyst ratings upgrades.

Downgrades

According to Goldman Sachs, the prior rating for Luminar Technologies Inc LAZR was changed from Neutral to Sell. For the fourth quarter, Luminar Technologies had an EPS of $0.26, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $16.62 and a 52-week-low of $3.91. Luminar Technologies closed at $7.73 at the end of the last trading period.

For Antero Resources Corp AR, BMO Capital downgraded the previous rating of Outperform to Market Perform. Antero Resources earned $1.04 in the fourth quarter, compared to $0.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $48.77 and a 52-week-low of $21.37. Antero Resources closed at $22.79 at the end of the last trading period.

Compass Point downgraded the previous rating for Apple Hospitality REIT Inc APLE from Buy to Neutral. In the fourth quarter, Apple Hospitality REIT showed an EPS of $0.33, compared to $0.26 from the year-ago quarter. The stock has a 52-week-high of $18.69 and a 52-week-low of $13.79. At the end of the last trading period, Apple Hospitality REIT closed at $15.01.

For Host Hotels & Resorts Inc HST, Compass Point downgraded the previous rating of Buy to Neutral. In the fourth quarter, Host Hotels & Resorts showed an EPS of $0.44, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $21.60 and a 52-week-low of $15.10. At the end of the last trading period, Host Hotels & Resorts closed at $15.85.

Compass Point downgraded the previous rating for Sunstone Hotel Investors Inc SHO from Neutral to Sell. In the fourth quarter, Sunstone Hotel Invts showed an EPS of $0.26, compared to $0.08 from the year-ago quarter. The current stock performance of Sunstone Hotel Invts shows a 52-week-high of $12.71 and a 52-week-low of $9.20. Moreover, at the end of the last trading period, the closing price was at $9.56.

According to Mizuho, the prior rating for Invitation Homes Inc INVH was changed from Buy to Neutral. For the fourth quarter, Invitation Homes had an EPS of $0.43, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $44.35 and a 52-week-low of $28.52. At the end of the last trading period, Invitation Homes closed at $30.19.

According to Wolfe Research, the prior rating for D.R. Horton Inc DHI was changed from Outperform to Peer Perform. D.R. Horton earned $2.76 in the first quarter, compared to $3.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $104.14 and a 52-week-low of $59.28. D.R. Horton closed at $96.84 at the end of the last trading period.

For Wipro Ltd WIT, Bernstein downgraded the previous rating of Market Perform to Underperform. For the third quarter, Wipro had an EPS of $0.07, compared to year-ago quarter EPS of $0.07. The current stock performance of Wipro shows a 52-week-high of $8.06 and a 52-week-low of $4.38. Moreover, at the end of the last trading period, the closing price was at $4.47.

For Altimmune Inc ALT, Goldman Sachs downgraded the previous rating of Buy to Neutral. For the fourth quarter, Altimmune had an EPS of $0.43, compared to year-ago quarter EPS of $0.57. The current stock performance of Altimmune shows a 52-week-high of $23.48 and a 52-week-low of $3.85. Moreover, at the end of the last trading period, the closing price was at $4.95.

For Cyxtera Technologies Inc CYXT, Raymond James downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Cyxtera Technologies showed an EPS of $0.31, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $15.30 and a 52-week-low of $1.27. At the end of the last trading period, Cyxtera Technologies closed at $1.32.

See all analyst ratings downgrades.

Initiations

Craig-Hallum initiated coverage on NEXTracker Inc NXT with a Buy rating. The price target for NEXTracker is set to $41.00. At the moment, the stock has a 52-week-high of $34.85 and a 52-week-low of $28.24. NEXTracker closed at $31.18 at the end of the last trading period.

With a Neutral rating, Roth MKM initiated coverage on Live Nation Entertainment Inc LYV. The price target seems to have been set at $72.00 for Live Nation Entertainment. For the fourth quarter, Live Nation Entertainment had an EPS of $1.09, compared to year-ago quarter EPS of $0.96. The current stock performance of Live Nation Entertainment shows a 52-week-high of $121.17 and a 52-week-low of $65.11. Moreover, at the end of the last trading period, the closing price was at $69.23.

Mizuho initiated coverage on Tricon Residential Inc TCN with a Buy rating. The price target for Tricon Residential is set to $9.00. In the fourth quarter, Tricon Residential showed an EPS of $0.31, compared to $0.15 from the year-ago quarter. The stock has a 52-week-high of $17.15 and a 52-week-low of $7.20. At the end of the last trading period, Tricon Residential closed at $7.57.

Wedbush initiated coverage on MoonLake Immunotherapeutics MLTX with an Outperform rating. The price target for MoonLake is set to $33.00. For the fourth quarter, MoonLake had an EPS of $0.31, compared to year-ago quarter EPS of $0.27. The stock has a 52-week-high of $25.32 and a 52-week-low of $4.37. At the end of the last trading period, MoonLake closed at $22.01.

With a Buy rating, Jefferies initiated coverage on Howmet Aerospace Inc HWM. The price target seems to have been set at $50.00 for Howmet Aerospace. Howmet Aerospace earned $0.38 in the fourth quarter, compared to $0.30 in the year-ago quarter. The current stock performance of Howmet Aerospace shows a 52-week-high of $44.37 and a 52-week-low of $29.85. Moreover, at the end of the last trading period, the closing price was at $40.55.

With a Buy rating, Jefferies initiated coverage on Verrica Pharmaceuticals Inc VRCA. The price target seems to have been set at $10.00 for Verrica Pharmaceuticals. In the fourth quarter, Verrica Pharmaceuticals showed an EPS of $0.14, compared to $0.35 from the year-ago quarter. The current stock performance of Verrica Pharmaceuticals shows a 52-week-high of $9.20 and a 52-week-low of $1.77. Moreover, at the end of the last trading period, the closing price was at $7.12.

For EPR Properties EPR, JMP Securities initiated coverage, by setting the current rating at Market Perform. EPR Props earned $1.25 in the fourth quarter, compared to $1.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.37 and a 52-week-low of $34.59. EPR Props closed at $36.76 at the end of the last trading period.

With a Buy rating, DA Davidson initiated coverage on Procore Technologies Inc PCOR. The price target seems to have been set at $72.00 for Procore Technologies. In the fourth quarter, Procore Technologies showed an EPS of $0.08, compared to $0.15 from the year-ago quarter. The stock has a 52-week-high of $68.56 and a 52-week-low of $40.12. At the end of the last trading period, Procore Technologies closed at $62.40.

JonesTrading initiated coverage on TFF Pharmaceuticals Inc TFFP with a Buy rating. The price target for TFF Pharmaceuticals is set to $7.00. TFF Pharmaceuticals earned $0.29 in the third quarter, compared to $0.34 in the year-ago quarter. The current stock performance of TFF Pharmaceuticals shows a 52-week-high of $7.70 and a 52-week-low of $0.62. Moreover, at the end of the last trading period, the closing price was at $0.75.

For Live Nation Entertainment Inc LYV, Roth Capital initiated coverage, by setting the current rating at Neutral. For the fourth quarter, Live Nation Entertainment had an EPS of $1.09, compared to year-ago quarter EPS of $0.96. The stock has a 52-week-high of $121.17 and a 52-week-low of $65.11. At the end of the last trading period, Live Nation Entertainment closed at $69.23.

See all analyst ratings initiations.