Benzinga's Top Ratings Upgrades, Downgrades For April 10, 2023

Upgrades

For Regions Financial Corp RF, UBS upgraded the previous rating of Neutral to Buy. Regions Finl earned $0.67 in the fourth quarter, compared to $0.44 in the year-ago quarter. The current stock performance of Regions Finl shows a 52-week-high of $24.33 and a 52-week-low of $13.94. Moreover, at the end of the last trading period, the closing price was at $18.36.

OTR Global upgraded the previous rating for Starbucks Corp SBUX from Mixed to Positive. Starbucks earned $0.75 in the first quarter, compared to $0.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $110.83 and a 52-week-low of $68.39. Starbucks closed at $104.68 at the end of the last trading period.

For The Western Union Co WU, UBS upgraded the previous rating of Sell to Neutral. Western Union earned $0.32 in the fourth quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Western Union shows a 52-week-high of $19.96 and a 52-week-low of $10.07. Moreover, at the end of the last trading period, the closing price was at $11.03.

Scotiabank upgraded the previous rating for Nutrien Ltd NTR from Sector Perform to Sector Outperform. In the fourth quarter, Nutrien showed an EPS of $2.02, compared to $2.47 from the year-ago quarter. The stock has a 52-week-high of $117.22 and a 52-week-low of $67.52. At the end of the last trading period, Nutrien closed at $68.01.

According to Scotiabank, the prior rating for CF Industries Holdings Inc CF was changed from Sector Perform to Sector Outperform. CF Industries Holdings earned $4.35 in the fourth quarter, compared to $3.27 in the year-ago quarter. The stock has a 52-week-high of $119.54 and a 52-week-low of $67.95. At the end of the last trading period, CF Industries Holdings closed at $71.46.

For McDonald's Corp MCD, Northcoast Research upgraded the previous rating of Neutral to Buy. McDonald's earned $2.59 in the fourth quarter, compared to $2.23 in the year-ago quarter. The current stock performance of McDonald's shows a 52-week-high of $284.98 and a 52-week-low of $228.39. Moreover, at the end of the last trading period, the closing price was at $282.89.

Evercore ISI Group upgraded the previous rating for AvalonBay Communities Inc AVB from In-Line to Outperform. For the fourth quarter, AvalonBay Communities had an EPS of $2.59, compared to year-ago quarter EPS of $2.27. The current stock performance of AvalonBay Communities shows a 52-week-high of $258.66 and a 52-week-low of $153.07. Moreover, at the end of the last trading period, the closing price was at $168.19.

According to Evercore ISI Group, the prior rating for American Homes 4 Rent AMH was changed from In-Line to Outperform. American Homes 4 Rent earned $0.40 in the fourth quarter, compared to $0.37 in the year-ago quarter. The current stock performance of American Homes 4 Rent shows a 52-week-high of $43.88 and a 52-week-low of $28.79. Moreover, at the end of the last trading period, the closing price was at $31.70.

For Weyerhaeuser Co WY, DA Davidson upgraded the previous rating of Neutral to Buy. In the fourth quarter, Weyerhaeuser showed an EPS of $0.24, compared to $0.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.83 and a 52-week-low of $27.37. Weyerhaeuser closed at $29.85 at the end of the last trading period.

Benchmark upgraded the previous rating for Emergent BioSolutions Inc EBS from Hold to Buy. In the fourth quarter, Emergent BioSolutions showed an EPS of $0.31, compared to $4.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $43.78 and a 52-week-low of $7.74. Emergent BioSolutions closed at $10.56 at the end of the last trading period.

Susquehanna upgraded the previous rating for TFI International Inc TFII from Neutral to Positive. TFI International earned $1.72 in the fourth quarter, compared to $1.57 in the year-ago quarter. The stock has a 52-week-high of $128.93 and a 52-week-low of $71.95. At the end of the last trading period, TFI International closed at $111.42.

For SiteOne Landscape Supply Inc SITE, Loop Capital upgraded the previous rating of Hold to Buy. SiteOne Landscape Supply earned $0.02 in the fourth quarter, compared to $0.60 in the year-ago quarter. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $165.32 and a 52-week-low of $97.51. Moreover, at the end of the last trading period, the closing price was at $129.37.

According to Deutsche Bank, the prior rating for Catalent Inc CTLT was changed from Hold to Buy. In the second quarter, Catalent showed an EPS of $0.67, compared to $0.90 from the year-ago quarter. The stock has a 52-week-high of $115.30 and a 52-week-low of $40.70. At the end of the last trading period, Catalent closed at $64.95.

Credit Suisse upgraded the previous rating for Kemper Corp KMPR from Neutral to Outperform. Kemper earned $0.41 in the fourth quarter, compared to $2.05 in the year-ago quarter. The stock has a 52-week-high of $68.15 and a 52-week-low of $40.90. At the end of the last trading period, Kemper closed at $56.44.

For Northern Trust Corp NTRS, JP Morgan upgraded the previous rating of Underweight to Neutral. Northern Trust earned $1.66 in the fourth quarter, compared to $1.91 in the year-ago quarter. The stock has a 52-week-high of $116.50 and a 52-week-low of $76.15. At the end of the last trading period, Northern Trust closed at $86.73.

For NetApp Inc NTAP, Stifel upgraded the previous rating of Hold to Buy. NetApp earned $1.37 in the third quarter, compared to $1.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $80.79 and a 52-week-low of $58.08. NetApp closed at $63.00 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to UBS, the prior rating for Huntington Bancshares Inc HBAN was changed from Buy to Neutral. For the fourth quarter, Huntington Bancshares had an EPS of $0.43, compared to year-ago quarter EPS of $0.36. The current stock performance of Huntington Bancshares shows a 52-week-high of $15.74 and a 52-week-low of $9.94. Moreover, at the end of the last trading period, the closing price was at $11.19.

For M&T Bank Corp MTB, UBS downgraded the previous rating of Buy to Neutral. M&T Bank earned $4.57 in the fourth quarter, compared to $3.50 in the year-ago quarter. The stock has a 52-week-high of $193.35 and a 52-week-low of $110.00. At the end of the last trading period, M&T Bank closed at $117.57.

UBS downgraded the previous rating for U.S. Bancorp USB from Buy to Neutral. In the fourth quarter, U.S. Bancorp showed an EPS of $1.20, compared to $1.07 from the year-ago quarter. The stock has a 52-week-high of $53.86 and a 52-week-low of $32.72. At the end of the last trading period, U.S. Bancorp closed at $35.75.

For BCE Inc BCE, Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. In the fourth quarter, BCE showed an EPS of $0.53, compared to $0.60 from the year-ago quarter. The stock has a 52-week-high of $59.34 and a 52-week-low of $39.89. At the end of the last trading period, BCE closed at $46.70.

For Essex Property Trust Inc ESS, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the fourth quarter, Essex Property Trust showed an EPS of $3.77, compared to $3.25 from the year-ago quarter. The stock has a 52-week-high of $363.00 and a 52-week-low of $195.03. At the end of the last trading period, Essex Property Trust closed at $209.74.

For Cushman & Wakefield PLC CWK, Goldman Sachs downgraded the previous rating of Buy to Neutral. For the fourth quarter, Cushman & Wakefield had an EPS of $0.46, compared to year-ago quarter EPS of $0.94. The current stock performance of Cushman & Wakefield shows a 52-week-high of $20.15 and a 52-week-low of $9.26. Moreover, at the end of the last trading period, the closing price was at $9.85.

For Incyte Corp INCY, RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the fourth quarter, Incyte showed an EPS of $0.62, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $86.29 and a 52-week-low of $65.07. At the end of the last trading period, Incyte closed at $75.51.

According to Keefe, Bruyette & Woods, the prior rating for Block Inc SQ was changed from Outperform to Market Perform. In the fourth quarter, Block showed an EPS of $0.22, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $133.79 and a 52-week-low of $51.34. At the end of the last trading period, Block closed at $68.10.

According to Raymond James, the prior rating for Bath & Body Works Inc BBWI was changed from Strong Buy to Outperform. Bath & Body Works earned $1.86 in the fourth quarter, compared to $2.30 in the year-ago quarter. 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 $35.53.

See all analyst ratings downgrades.

Initiations

Craig-Hallum initiated coverage on LuxUrban Hotels Inc LUXH with a Buy rating. The price target for LuxUrban Hotels is set to $10.00. The current stock performance of LuxUrban Hotels shows a 52-week-high of $3.18 and a 52-week-low of $1.35. Moreover, at the end of the last trading period, the closing price was at $2.85.

For Cerevel Therapeutics Holdings Inc CERE, TD Cowen initiated coverage, by setting the current rating at Outperform. Cerevel Therapeutics Hldg earned $0.59 in the fourth quarter, compared to $0.40 in the year-ago quarter. 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 $24.47.

Lake Street initiated coverage on Xponential Fitness Inc XPOF with a Buy rating. The price target for Xponential Fitness is set to $38.00. In the fourth quarter, Xponential Fitness showed an EPS of $0.11, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $31.85 and a 52-week-low of $11.21. At the end of the last trading period, Xponential Fitness closed at $30.13.

Wedbush initiated coverage on Rallybio Corp RLYB with an Outperform rating. The price target for Rallybio is set to $17.00. For the fourth quarter, Rallybio had an EPS of $0.46, compared to year-ago quarter EPS of $0.42. The current stock performance of Rallybio shows a 52-week-high of $15.87 and a 52-week-low of $4.15. Moreover, at the end of the last trading period, the closing price was at $4.91.

MoffettNathanson initiated coverage on Clearwater Analytics Holdings Inc CWAN with an Outperform rating. The price target for Clearwater Analytics Hldg is set to $19.50. Clearwater Analytics Hldg earned $0.07 in the fourth quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $20.78 and a 52-week-low of $11.34. At the end of the last trading period, Clearwater Analytics Hldg closed at $15.70.

With a Buy rating, Deutsche Bank initiated coverage on Excelerate Energy Inc EE. The price target seems to have been set at $31.00 for Excelerate Energy. The stock has a 52-week-high of $31.04 and a 52-week-low of $18.36. At the end of the last trading period, Excelerate Energy closed at $22.87.

With a Buy rating, Deutsche Bank initiated coverage on New Fortress Energy Inc NFE. The price target seems to have been set at $60.00 for New Fortress Energy. In the fourth quarter, New Fortress Energy showed an EPS of $0.87, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $63.06 and a 52-week-low of $26.14. New Fortress Energy closed at $28.06 at the end of the last trading period.

Truist Securities initiated coverage on Warner Bros. Discovery Inc WBD with a Buy rating. The price target for Warner Bros. Discovery is set to $19.00. For the fourth quarter, Warner Bros. Discovery had an EPS of $0.37, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $27.50 and a 52-week-low of $8.82. Warner Bros. Discovery closed at $15.11 at the end of the last trading period.

BTIG initiated coverage on Fiverr International Ltd FVRR with a Buy rating. The price target for Fiverr Intl is set to $50.00. For the fourth quarter, Fiverr Intl had an EPS of $0.26, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $73.17 and a 52-week-low of $26.21. At the end of the last trading period, Fiverr Intl closed at $34.53.

For GE HealthCare Technologies Inc GEHC, BTIG initiated coverage, by setting the current rating at Neutral. In the fourth quarter, GE HealthCare Techs showed an EPS of $1.31, compared to $1.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $82.62 and a 52-week-low of $53.00. GE HealthCare Techs closed at $80.16 at the end of the last trading period.

JMP Securities initiated coverage on Xometry Inc XMTR with a Market Outperform rating. The price target for Xometry is set to $20.00. In the fourth quarter, Xometry showed an EPS of $0.29, compared to $0.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $64.17 and a 52-week-low of $13.04. Xometry closed at $13.60 at the end of the last trading period.

JMP Securities initiated coverage on Ribbon Communications Inc RBBN with a Market Outperform rating. The price target for Ribbon Comms is set to $6.00. In the fourth quarter, Ribbon Comms showed an EPS of $0.09, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $4.84 and a 52-week-low of $2.19. At the end of the last trading period, Ribbon Comms closed at $3.37.

See all analyst ratings initiations.