Benzinga's Top Ratings Upgrades, Downgrades For March 30, 2023

Upgrades

For Palisade Bio Inc PALI, Maxim Group upgraded the previous rating of Hold to Buy. For the fourth quarter, Palisade Bio had an EPS of $16.16, compared to year-ago quarter EPS of $37.00. At the moment, the stock has a 52-week-high of $57.00 and a 52-week-low of $1.55. Palisade Bio closed at $1.68 at the end of the last trading period.

For Paylocity Holding Corp PCTY, DA Davidson upgraded the previous rating of Neutral to Buy. In the second quarter, Paylocity Holding showed an EPS of $1.12, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $275.48 and a 52-week-low of $152.12. Paylocity Holding closed at $191.60 at the end of the last trading period.

For Paycom Software Inc PAYC, DA Davidson upgraded the previous rating of Neutral to Buy. For the fourth quarter, Paycom Software had an EPS of $1.73, compared to year-ago quarter EPS of $1.11. The current stock performance of Paycom Software shows a 52-week-high of $402.58 and a 52-week-low of $255.95. Moreover, at the end of the last trading period, the closing price was at $285.87.

According to Craig-Hallum, the prior rating for 1-800-Flowers.com Inc FLWS was changed from Hold to Buy. For the second quarter, 1-800-Flowers.com had an EPS of $1.28, compared to year-ago quarter EPS of $1.34. The current stock performance of 1-800-Flowers.com shows a 52-week-high of $14.93 and a 52-week-low of $5.82. Moreover, at the end of the last trading period, the closing price was at $10.91.

Canaccord Genuity upgraded the previous rating for Neurocrine Biosciences Inc NBIX from Hold to Buy. In the fourth quarter, Neurocrine Biosciences showed an EPS of $1.24, compared to $0.04 from the year-ago quarter. The current stock performance of Neurocrine Biosciences shows a 52-week-high of $129.00 and a 52-week-low of $75.27. Moreover, at the end of the last trading period, the closing price was at $97.10.

Evercore ISI Group upgraded the previous rating for Juniper Networks Inc JNPR from In-Line to Outperform. In the fourth quarter, Juniper Networks showed an EPS of $0.65, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $38.14 and a 52-week-low of $25.18. Juniper Networks closed at $33.37 at the end of the last trading period.

According to MoffettNathanson, the prior rating for Crown Castle Inc CCI was changed from Market Perform to Outperform. Crown Castle earned $1.85 in the fourth quarter, compared to $1.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $199.92 and a 52-week-low of $121.72. Crown Castle closed at $130.97 at the end of the last trading period.

For American Tower Corp AMT, MoffettNathanson upgraded the previous rating of Market Perform to Outperform. American Tower earned $2.34 in the fourth quarter, compared to $2.10 in the year-ago quarter. The stock has a 52-week-high of $282.43 and a 52-week-low of $178.59. At the end of the last trading period, American Tower closed at $198.49.

MoffettNathanson upgraded the previous rating for SBA Communications Corp SBAC from Market Perform to Outperform. In the fourth quarter, SBA Comms showed an EPS of $0.94, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $379.99 and a 52-week-low of $236.37. At the end of the last trading period, SBA Comms closed at $254.17.

Wells Fargo upgraded the previous rating for Apple Hospitality REIT Inc APLE from Equal-Weight to Overweight. In the fourth quarter, Apple Hospitality REIT showed an EPS of $0.33, compared to $0.26 from the year-ago quarter. The current stock performance of Apple Hospitality REIT shows a 52-week-high of $18.69 and a 52-week-low of $13.66. Moreover, at the end of the last trading period, the closing price was at $14.88.

Canaccord Genuity upgraded the previous rating for Globus Medical Inc GMED from Hold to Buy. For the fourth quarter, Globus Medical had an EPS of $0.59, compared to year-ago quarter EPS of $0.49. The current stock performance of Globus Medical shows a 52-week-high of $81.53 and a 52-week-low of $50.92. Moreover, at the end of the last trading period, the closing price was at $53.47.

For Diamondrock Hospitality Co DRH, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Diamondrock Hospitality earned $0.23 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Diamondrock Hospitality shows a 52-week-high of $11.14 and a 52-week-low of $7.14. Moreover, at the end of the last trading period, the closing price was at $7.73.

For Walmart Inc WMT, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. Walmart earned $1.71 in the fourth quarter, compared to $1.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $160.77 and a 52-week-low of $117.28. Walmart closed at $144.23 at the end of the last trading period.

According to B of A Securities, the prior rating for The Interpublic Group of Companies Inc IPG was changed from Neutral to Buy. In the fourth quarter, Interpublic Gr of Cos showed an EPS of $1.02, compared to $0.82 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.52 and a 52-week-low of $25.14. Interpublic Gr of Cos closed at $35.32 at the end of the last trading period.

JP Morgan upgraded the previous rating for Philip Morris International Inc PM from Neutral to Overweight. For the fourth quarter, Philip Morris Intl had an EPS of $1.39, compared to year-ago quarter EPS of $1.35. The current stock performance of Philip Morris Intl shows a 52-week-high of $109.80 and a 52-week-low of $82.85. Moreover, at the end of the last trading period, the closing price was at $94.72.

According to Goldman Sachs, the prior rating for Shoals Technologies Group Inc SHLS was changed from Sell to Neutral. Shoals Technologies Gr earned $0.15 in the fourth quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.37 and a 52-week-low of $9.58. Shoals Technologies Gr closed at $21.61 at the end of the last trading period.

For SunPower Corp SPWR, Goldman Sachs upgraded the previous rating of Sell to Neutral. For the fourth quarter, SunPower had an EPS of $0.15, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $28.33 and a 52-week-low of $12.03. At the end of the last trading period, SunPower closed at $13.07.

According to Goldman Sachs, the prior rating for Fluence Energy Inc FLNC was changed from Neutral to Buy. In the first quarter, Fluence Energy showed an EPS of $0.11, compared to $0.82 from the year-ago quarter. The stock has a 52-week-high of $26.78 and a 52-week-low of $4.96. At the end of the last trading period, Fluence Energy closed at $16.25.

See all analyst ratings upgrades.

Downgrades

For Xos Inc XOS, Northland Capital Markets downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Xos showed an EPS of $0.10, compared to $0.07 from the year-ago quarter. The current stock performance of Xos shows a 52-week-high of $3.51 and a 52-week-low of $0.43. Moreover, at the end of the last trading period, the closing price was at $0.51.

Maxim Group downgraded the previous rating for Cutera Inc CUTR from Buy to Hold. In the fourth quarter, Cutera showed an EPS of $0.10, compared to $0.13 from the year-ago quarter. The current stock performance of Cutera shows a 52-week-high of $74.38 and a 52-week-low of $23.25. Moreover, at the end of the last trading period, the closing price was at $23.60.

For Hormel Foods Corp HRL, Argus Research downgraded the previous rating of Buy to Hold. Hormel Foods earned $0.40 in the first quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $55.10 and a 52-week-low of $37.77. At the end of the last trading period, Hormel Foods closed at $39.30.

According to Morgan Stanley, the prior rating for Charles Schwab Corp SCHW was changed from Overweight to Equal-Weight. Charles Schwab earned $1.07 in the fourth quarter, compared to $0.86 in the year-ago quarter. 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 $55.21.

According to Wells Fargo, the prior rating for Park Hotels & Resorts Inc PK was changed from Overweight to Equal-Weight. In the fourth quarter, Park Hotels & Resorts showed an EPS of $0.45, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.57 and a 52-week-low of $10.70. Park Hotels & Resorts closed at $11.81 at the end of the last trading period.

For Xenia Hotels & Resorts Inc XHR, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Xenia Hotels & Resorts earned $0.41 in the fourth quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $20.33 and a 52-week-low of $11.74. Xenia Hotels & Resorts closed at $12.67 at the end of the last trading period.

Evercore ISI Group downgraded the previous rating for Atreca Inc BCEL from Outperform to In-Line. Atreca earned $0.54 in the fourth quarter, compared to $0.79 in the year-ago quarter. The stock has a 52-week-high of $3.90 and a 52-week-low of $0.76. At the end of the last trading period, Atreca closed at $1.30.

Morgan Stanley downgraded the previous rating for Nexa Resources SA NEXA from Overweight to Underweight. Nexa Res earned $0.04 in the fourth quarter, compared to $0.01 in the year-ago quarter. The current stock performance of Nexa Res shows a 52-week-high of $10.50 and a 52-week-low of $4.29. Moreover, at the end of the last trading period, the closing price was at $6.18.

For Southern Copper Corp SCCO, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the fourth quarter, Southern Copper showed an EPS of $1.17, compared to $1.08 from the year-ago quarter. The current stock performance of Southern Copper shows a 52-week-high of $79.29 and a 52-week-low of $42.49. Moreover, at the end of the last trading period, the closing price was at $75.74.

See all analyst ratings downgrades.

Initiations

Canaccord Genuity initiated coverage on Spectrum Brands Holdings Inc SPB with a Buy rating. The price target for Spectrum Brands Holdings is set to $82.00. For the first quarter, Spectrum Brands Holdings had an EPS of $0.32, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $93.00 and a 52-week-low of $38.96. At the end of the last trading period, Spectrum Brands Holdings closed at $62.79.

With an Outperform rating, TD Cowen initiated coverage on Waste Management Inc WM. The price target seems to have been set at $200.00 for Waste Management. In the fourth quarter, Waste Management showed an EPS of $1.30, compared to $1.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $175.81 and a 52-week-low of $138.90. Waste Management closed at $157.04 at the end of the last trading period.

TD Cowen initiated coverage on Waste Connections Inc WCN with an Outperform rating. The price target for Waste Connections is set to $160.00. Waste Connections earned $0.89 in the fourth quarter, compared to $0.83 in the year-ago quarter. The stock has a 52-week-high of $148.18 and a 52-week-low of $113.53. At the end of the last trading period, Waste Connections closed at $136.07.

William Blair initiated coverage on General Dynamics Corp GD with an Outperform rating. For the fourth quarter, General Dynamics had an EPS of $3.58, compared to year-ago quarter EPS of $3.39. The current stock performance of General Dynamics shows a 52-week-high of $256.80 and a 52-week-low of $207.45. Moreover, at the end of the last trading period, the closing price was at $226.80.

Susquehanna initiated coverage on Fluence Energy Inc FLNC with a Neutral rating. The price target for Fluence Energy is set to $18.00. In the first quarter, Fluence Energy showed an EPS of $0.11, compared to $0.82 from the year-ago quarter. The current stock performance of Fluence Energy shows a 52-week-high of $26.78 and a 52-week-low of $4.96. Moreover, at the end of the last trading period, the closing price was at $16.25.

With a Buy rating, Guggenheim initiated coverage on Immunocore Holdings PLC IMCR. The price target seems to have been set at $85.00 for Immunocore Hldgs. Immunocore Hldgs earned $0.63 in the fourth quarter, compared to $1.21 in the year-ago quarter. The stock has a 52-week-high of $69.01 and a 52-week-low of $25.04. At the end of the last trading period, Immunocore Hldgs closed at $47.86.

Canaccord Genuity initiated coverage on Lifetime Brands Inc LCUT with a Buy rating. The price target for Lifetime Brands is set to $12.00. In the fourth quarter, Lifetime Brands showed an EPS of $0.22, compared to $0.65 from the year-ago quarter. At the moment, the stock has a 52-week-high of $13.70 and a 52-week-low of $5.20. Lifetime Brands closed at $5.47 at the end of the last trading period.

Canaccord Genuity initiated coverage on Driven Brands Holdings Inc DRVN with a Buy rating. The price target for Driven Brands Hldgs is set to $41.00. Driven Brands Hldgs earned $0.25 in the fourth quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $35.41 and a 52-week-low of $24.62. Driven Brands Hldgs closed at $28.77 at the end of the last trading period.

With a Buy rating, Canaccord Genuity initiated coverage on Holley Inc HLLY. The price target seems to have been set at $5.00 for Holley. In the fourth quarter, Holley showed an EPS of $0.19, compared to $0.08 from the year-ago quarter. The current stock performance of Holley shows a 52-week-high of $14.10 and a 52-week-low of $1.89. Moreover, at the end of the last trading period, the closing price was at $2.35.

With a Hold rating, Canaccord Genuity initiated coverage on Reynolds Consumer Products Inc REYN. The price target seems to have been set at $28.00 for Reynolds Consumer Prods. Reynolds Consumer Prods earned $0.53 in the fourth quarter, compared to $0.51 in the year-ago quarter. The current stock performance of Reynolds Consumer Prods shows a 52-week-high of $32.50 and a 52-week-low of $24.56. Moreover, at the end of the last trading period, the closing price was at $27.45.

B of A Securities initiated coverage on Integer Holdings Corp ITGR with a Neutral rating. The price target for Integer Holdings is set to $86.00. In the fourth quarter, Integer Holdings showed an EPS of $1.11, compared to $0.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $88.57 and a 52-week-low of $50.05. Integer Holdings closed at $76.85 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on Crinetics Pharmaceuticals Inc CRNX. The price target seems to have been set at $48.00 for Crinetics Pharmaceuticals. For the fourth quarter, Crinetics Pharmaceuticals had an EPS of $0.84, compared to year-ago quarter EPS of $0.68. The current stock performance of Crinetics Pharmaceuticals shows a 52-week-high of $27.86 and a 52-week-low of $15.23. Moreover, at the end of the last trading period, the closing price was at $15.94.

Mizuho initiated coverage on Erasca Inc ERAS with a Buy rating. The price target for Erasca is set to $9.00. Erasca earned $0.28 in the fourth quarter, compared to $0.26 in the year-ago quarter. The stock has a 52-week-high of $10.71 and a 52-week-low of $2.65. At the end of the last trading period, Erasca closed at $2.96.

Mizuho initiated coverage on Immuneering Corp IMRX with a Neutral rating. The price target for Immuneering is set to $10.00. For the fourth quarter, Immuneering had an EPS of $0.50, compared to year-ago quarter EPS of $0.42. At the moment, the stock has a 52-week-high of $16.02 and a 52-week-low of $3.70. Immuneering closed at $9.72 at the end of the last trading period.

With a Neutral rating, Mizuho initiated coverage on Verastem Inc VSTM. The price target seems to have been set at $2.00 for Verastem. In the fourth quarter, Verastem showed an EPS of $0.08, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.12 and a 52-week-low of $0.29. Verastem closed at $0.45 at the end of the last trading period.

Stifel initiated coverage on Immunovant Inc IMVT with a Buy rating. The price target for Immunovant is set to $28.00. In the third quarter, Immunovant showed an EPS of $0.49, compared to $0.36 from the year-ago quarter. The current stock performance of Immunovant shows a 52-week-high of $20.24 and a 52-week-low of $3.15. Moreover, at the end of the last trading period, the closing price was at $15.71.

With a Buy rating, Stifel initiated coverage on Viridian Therapeutics Inc VRDN. The price target seems to have been set at $49.00 for Viridian Therapeutics. Viridian Therapeutics earned $1.13 in the fourth quarter, compared to $1.32 in the year-ago quarter. The current stock performance of Viridian Therapeutics shows a 52-week-high of $39.00 and a 52-week-low of $9.47. Moreover, at the end of the last trading period, the closing price was at $25.61.

See all analyst ratings initiations.