Benzinga's Top Ratings Upgrades, Downgrades For April 18, 2023

Upgrades

Canaccord Genuity upgraded the previous rating for Sigma Lithium Corp SGML from Speculative Buy to Buy. The current stock performance of Sigma Lithium shows a 52-week-high of $40.30 and a 52-week-low of $12.75. Moreover, at the end of the last trading period, the closing price was at $38.78.

Wells Fargo upgraded the previous rating for Danaher Corp DHR from Equal-Weight to Overweight. In the fourth quarter, Danaher showed an EPS of $2.87, compared to $2.69 from the year-ago quarter. The current stock performance of Danaher shows a 52-week-high of $303.81 and a 52-week-low of $234.52. Moreover, at the end of the last trading period, the closing price was at $255.75.

JMP Securities upgraded the previous rating for LegalZoom.com Inc LZ from Market Perform to Market Outperform. In the fourth quarter, LegalZoom.com showed an EPS of $0.10, compared to $0.02 from the year-ago quarter. The current stock performance of LegalZoom.com shows a 52-week-high of $16.19 and a 52-week-low of $7.37. Moreover, at the end of the last trading period, the closing price was at $9.24.

For BJ's Restaurants Inc BJRI, Wedbush upgraded the previous rating of Neutral to Outperform. BJ's Restaurants earned $0.17 in the fourth quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.14 and a 52-week-low of $20.22. BJ's Restaurants closed at $27.70 at the end of the last trading period.

BMO Capital upgraded the previous rating for Spectrum Brands Holdings Inc SPB from Market Perform to Outperform. In the first quarter, Spectrum Brands Holdings showed an EPS of $0.32, compared to $0.06 from the year-ago quarter. 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 $68.76.

For Comcast Corp CMCSA, Atlantic Equities upgraded the previous rating of Neutral to Overweight. For the fourth quarter, Comcast had an EPS of $0.82, compared to year-ago quarter EPS of $0.77. The current stock performance of Comcast shows a 52-week-high of $48.24 and a 52-week-low of $28.39. Moreover, at the end of the last trading period, the closing price was at $38.09.

For Nabors Industries Ltd NBR, Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. For the fourth quarter, Nabors Industries had an EPS of $3.89, compared to year-ago quarter EPS of $14.60. The stock has a 52-week-high of $207.40 and a 52-week-low of $93.30. At the end of the last trading period, Nabors Industries closed at $118.00.

For Chubb Ltd CB, Citigroup upgraded the previous rating of Neutral to Buy. In the fourth quarter, Chubb showed an EPS of $4.05, compared to $3.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $231.37 and a 52-week-low of $173.88. Chubb closed at $198.21 at the end of the last trading period.

Citigroup upgraded the previous rating for Brown & Brown Inc BRO from Neutral to Buy. For the fourth quarter, Brown & Brown had an EPS of $0.50, compared to year-ago quarter EPS of $0.42. The current stock performance of Brown & Brown shows a 52-week-high of $72.37 and a 52-week-low of $52.82. Moreover, at the end of the last trading period, the closing price was at $59.81.

For Emerson Electric Co EMR, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the first quarter, Emerson Electric had an EPS of $0.78, compared to year-ago quarter EPS of $1.05. At the moment, the stock has a 52-week-high of $99.65 and a 52-week-low of $72.42. Emerson Electric closed at $86.58 at the end of the last trading period.

Goldman Sachs upgraded the previous rating for PowerSchool Holdings Inc PWSC from Neutral to Buy. In the fourth quarter, PowerSchool Holdings showed an EPS of $0.27, compared to $0.14 from the year-ago quarter. The current stock performance of PowerSchool Holdings shows a 52-week-high of $26.05 and a 52-week-low of $10.63. Moreover, at the end of the last trading period, the closing price was at $20.00.

Goldman Sachs upgraded the previous rating for Tyler Technologies Inc TYL from Neutral to Buy. For the fourth quarter, Tyler Technologies had an EPS of $1.66, compared to year-ago quarter EPS of $1.75. The stock has a 52-week-high of $424.89 and a 52-week-low of $281.32. At the end of the last trading period, Tyler Technologies closed at $362.60.

HSBC upgraded the previous rating for NVIDIA Corp NVDA from Reduce to Buy. NVIDIA earned $0.88 in the fourth quarter, compared to $1.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $280.00 and a 52-week-low of $108.14. NVIDIA closed at $270.02 at the end of the last trading period.

Keybanc upgraded the previous rating for Sunrun Inc RUN from Sector Weight to Overweight. For the fourth quarter, Sunrun had an EPS of $0.29, compared to year-ago quarter EPS of $0.19. The current stock performance of Sunrun shows a 52-week-high of $39.10 and a 52-week-low of $16.69. Moreover, at the end of the last trading period, the closing price was at $20.56.

See all analyst ratings upgrades.

Downgrades

According to B of A Securities, the prior rating for Liberty Energy Inc LBRT was changed from Buy to Neutral. In the fourth quarter, Liberty Energy showed an EPS of $0.82, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.05 and a 52-week-low of $10.72. Liberty Energy closed at $13.25 at the end of the last trading period.

CIBC downgraded the previous rating for Algonquin Power & Utilities Corp AQN from Outperformer to Neutral. Algonquin Power earned $0.22 in the fourth quarter, compared to $0.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.95 and a 52-week-low of $6.41. Algonquin Power closed at $8.50 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Liberty Energy Inc LBRT was changed from Overweight to Equal-Weight. Liberty Energy earned $0.82 in the fourth quarter, compared to $0.31 in the year-ago quarter. The current stock performance of Liberty Energy shows a 52-week-high of $20.05 and a 52-week-low of $10.72. Moreover, at the end of the last trading period, the closing price was at $13.25.

Evercore ISI Group downgraded the previous rating for BELLUS Health Inc BLU from Outperform to In-Line. In the fourth quarter, BELLUS Health showed an EPS of $0.15, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $12.69 and a 52-week-low of $6.36. At the end of the last trading period, BELLUS Health closed at $7.26.

B of A Securities downgraded the previous rating for Algonquin Power & Utilities Corp AQN from Buy to Neutral. Algonquin Power earned $0.22 in the fourth quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $15.95 and a 52-week-low of $6.41. At the end of the last trading period, Algonquin Power closed at $8.50.

Northland Capital Markets downgraded the previous rating for MP Materials Corp MP from Outperform to Market Perform. For the fourth quarter, MP Materials had an EPS of $0.42, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $51.75 and a 52-week-low of $23.50. MP Materials closed at $27.96 at the end of the last trading period.

B of A Securities downgraded the previous rating for NexTier Oilfield Solutions Inc NEX from Neutral to Underperform. For the fourth quarter, NexTier Oilfield had an EPS of $0.59, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $12.47 and a 52-week-low of $6.67. At the end of the last trading period, NexTier Oilfield closed at $8.39.

According to B of A Securities, the prior rating for Core Laboratories NV CLB was changed from Neutral to Underperform. Core Laboratories earned $0.20 in the fourth quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Core Laboratories shows a 52-week-high of $34.03 and a 52-week-low of $13.21. Moreover, at the end of the last trading period, the closing price was at $22.31.

For Copper Mountain Mining Corp CPPMF, Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. The current stock performance of Copper Mountain Mining shows a 52-week-high of $3.10 and a 52-week-low of $0.92. Moreover, at the end of the last trading period, the closing price was at $1.96.

Keefe, Bruyette & Woods downgraded the previous rating for Brookfield Asset Management Ltd BAM from Market Perform to Underperform. In the fourth quarter, Brookfield Asset Mgmt showed an EPS of $0.31, compared to $0.66 from the year-ago quarter. The current stock performance of Brookfield Asset Mgmt shows a 52-week-high of $56.59 and a 52-week-low of $26.79. Moreover, at the end of the last trading period, the closing price was at $33.15.

According to JP Morgan, the prior rating for Global Payments Inc GPN was changed from Overweight to Neutral. In the fourth quarter, Global Payments showed an EPS of $2.42, compared to $2.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $146.69 and a 52-week-low of $92.28. Global Payments closed at $109.75 at the end of the last trading period.

For Runway Growth Finance Corp RWAY, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. In the fourth quarter, Runway Gwth Fin showed an EPS of $0.45, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $14.69 and a 52-week-low of $10.54. At the end of the last trading period, Runway Gwth Fin closed at $12.04.

For New Mountain Finance Corp NMFC, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. New Mountain Finance earned $0.35 in the fourth quarter, compared to $0.31 in the year-ago quarter. The current stock performance of New Mountain Finance shows a 52-week-high of $13.76 and a 52-week-low of $11.09. Moreover, at the end of the last trading period, the closing price was at $12.17.

According to Wells Fargo, the prior rating for Golub Capital BDC Inc GBDC was changed from Overweight to Accumulate. Golub Capital BDC earned $0.37 in the first quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $15.58 and a 52-week-low of $11.95. At the end of the last trading period, Golub Capital BDC closed at $13.40.

According to Wells Fargo, the prior rating for CION Invt Corp CION was changed from Overweight to Equal-Weight. In the fourth quarter, CION Invt showed an EPS of $0.43, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $12.14 and a 52-week-low of $7.86. At the end of the last trading period, CION Invt closed at $10.34.

According to Wells Fargo, the prior rating for BlackRock Capital Investment Corp BKCC was changed from Overweight to Equal-Weight. For the fourth quarter, BlackRock Cap Inv had an EPS of $0.11, compared to year-ago quarter EPS of $0.08. The current stock performance of BlackRock Cap Inv shows a 52-week-high of $4.34 and a 52-week-low of $3.26. Moreover, at the end of the last trading period, the closing price was at $3.48.

Wells Fargo downgraded the previous rating for Ares Capital Corp ARCC from Overweight to Equal-Weight. In the fourth quarter, Ares Capital showed an EPS of $0.63, compared to $0.58 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.65 and a 52-week-low of $16.54. Ares Capital closed at $18.42 at the end of the last trading period.

For Valero Energy Corp VLO, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. In the fourth quarter, Valero Energy showed an EPS of $8.45, compared to $2.47 from the year-ago quarter. The stock has a 52-week-high of $160.16 and a 52-week-low of $96.76. At the end of the last trading period, Valero Energy closed at $128.30.

Wells Fargo downgraded the previous rating for Marathon Petroleum Corp MPC from Overweight to Equal-Weight. For the fourth quarter, Marathon Petroleum had an EPS of $6.65, compared to year-ago quarter EPS of $1.30. The current stock performance of Marathon Petroleum shows a 52-week-high of $138.83 and a 52-week-low of $77.62. Moreover, at the end of the last trading period, the closing price was at $129.30.

Morgan Stanley downgraded the previous rating for Helmerich & Payne Inc HP from Equal-Weight to Underweight. In the first quarter, Helmerich & Payne showed an EPS of $1.11, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $54.56 and a 52-week-low of $32.69. Helmerich & Payne closed at $36.86 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Prometheus Biosciences Inc RXDX from Overweight to Equal-Weight. For the fourth quarter, Prometheus Biosciences had an EPS of $0.90, compared to year-ago quarter EPS of $0.77. The current stock performance of Prometheus Biosciences shows a 52-week-high of $193.98 and a 52-week-low of $21.57. Moreover, at the end of the last trading period, the closing price was at $193.51.

According to HC Wainwright & Co., the prior rating for Satsuma Pharmaceuticals Inc STSA was changed from Buy to Neutral. Satsuma Pharma earned $0.35 in the fourth quarter, compared to $0.49 in the year-ago quarter. The current stock performance of Satsuma Pharma shows a 52-week-high of $8.06 and a 52-week-low of $0.59. Moreover, at the end of the last trading period, the closing price was at $1.08.

BTIG downgraded the previous rating for Aterian Inc ATER from Buy to Neutral. For the fourth quarter, Aterian had an EPS of $0.24, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $7.26 and a 52-week-low of $0.67. Aterian closed at $0.85 at the end of the last trading period.

For Digital Media Solutions Inc DMS, BTIG downgraded the previous rating of Buy to Neutral. For the fourth quarter, Digital Media Solns had an EPS of $0.17, compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $3.43 and a 52-week-low of $0.57. At the end of the last trading period, Digital Media Solns closed at $0.75.

Credit Suisse downgraded the previous rating for Prometheus Biosciences Inc RXDX from Outperform to Neutral. For the fourth quarter, Prometheus Biosciences had an EPS of $0.90, compared to year-ago quarter EPS of $0.77. At the moment, the stock has a 52-week-high of $193.98 and a 52-week-low of $21.57. Prometheus Biosciences closed at $193.51 at the end of the last trading period.

RBC Capital downgraded the previous rating for Prometheus Biosciences Inc RXDX from Outperform to Sector Perform. Prometheus Biosciences earned $0.90 in the fourth quarter, compared to $0.77 in the year-ago quarter. The current stock performance of Prometheus Biosciences shows a 52-week-high of $193.98 and a 52-week-low of $21.57. Moreover, at the end of the last trading period, the closing price was at $193.51.

Piper Sandler downgraded the previous rating for Prometheus Biosciences Inc RXDX from Overweight to Neutral. Prometheus Biosciences earned $0.90 in the fourth quarter, compared to $0.77 in the year-ago quarter. The current stock performance of Prometheus Biosciences shows a 52-week-high of $193.98 and a 52-week-low of $21.57. Moreover, at the end of the last trading period, the closing price was at $193.51.

For Electrameccanica Vehicles Corp Ltd SOLO, Roth MKM downgraded the previous rating of Buy to Neutral. Electrameccanica Vehicles earned $0.54 in the fourth quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1.97 and a 52-week-low of $0.44. Electrameccanica Vehicles closed at $0.60 at the end of the last trading period.

For Plug Power Inc PLUG, Keybanc downgraded the previous rating of Overweight to Sector Weight. In the fourth quarter, Plug Power showed an EPS of $0.38, compared to $0.33 from the year-ago quarter. The current stock performance of Plug Power shows a 52-week-high of $31.50 and a 52-week-low of $8.88. Moreover, at the end of the last trading period, the closing price was at $9.50.

For First Solar Inc FSLR, Keybanc downgraded the previous rating of Overweight to Sector Weight. In the fourth quarter, First Solar showed an EPS of $0.07, compared to $1.23 from the year-ago quarter. The stock has a 52-week-high of $221.88 and a 52-week-low of $59.60. At the end of the last trading period, First Solar closed at $218.89.

See all analyst ratings downgrades.

Initiations

For Vaxcyte Inc PCVX, TD Cowen initiated coverage, by setting the current rating at Outperform. Vaxcyte earned $1.02 in the fourth quarter, compared to $0.54 in the year-ago quarter. The current stock performance of Vaxcyte shows a 52-week-high of $49.31 and a 52-week-low of $17.56. Moreover, at the end of the last trading period, the closing price was at $42.34.

With a Buy rating, EF Hutton initiated coverage on CPI Card Group Inc PMTS. The price target seems to have been set at $53.00 for CPI Card. For the fourth quarter, CPI Card had an EPS of $1.06, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $45.95 and a 52-week-low of $10.49. At the end of the last trading period, CPI Card closed at $43.92.

Gordon Haskett initiated coverage on Opendoor Technologies Inc OPEN with a Hold rating. In the fourth quarter, Opendoor Technologies showed an EPS of $0.74, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $9.01 and a 52-week-low of $0.92. At the end of the last trading period, Opendoor Technologies closed at $1.75.

For Zillow Group Inc Z, Gordon Haskett initiated coverage, by setting the current rating at Hold. For the fourth quarter, Zillow Gr had an EPS of $0.21, compared to year-ago quarter EPS of $0.42. The stock has a 52-week-high of $49.50 and a 52-week-low of $26.16. At the end of the last trading period, Zillow Gr closed at $45.57.

For Redfin Corp RDFN, Gordon Haskett initiated coverage, by setting the current rating at Hold. For the fourth quarter, Redfin had an EPS of $1.09, compared to year-ago quarter EPS of $0.27. At the moment, the stock has a 52-week-high of $15.30 and a 52-week-low of $3.08. Redfin closed at $9.20 at the end of the last trading period.

For Compass Inc COMP, Gordon Haskett initiated coverage, by setting the current rating at Buy. Compass earned $0.36 in the fourth quarter, compared to $0.43 in the year-ago quarter. The current stock performance of Compass shows a 52-week-high of $7.08 and a 52-week-low of $1.84. Moreover, at the end of the last trading period, the closing price was at $3.19.

Piper Sandler initiated coverage on Datadog Inc DDOG with a Neutral rating. The price target for Datadog is set to $72.00. Datadog earned $0.26 in the fourth quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $142.67 and a 52-week-low of $61.34. Datadog closed at $69.84 at the end of the last trading period.

RBC Capital initiated coverage on Obsidian Energy Ltd OBE with an Outperform rating. The price target for Obsidian Energy is set to $13.00. For the fourth quarter, Obsidian Energy had an EPS of $5.66, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $12.52 and a 52-week-low of $5.66. Obsidian Energy closed at $6.76 at the end of the last trading period.

With a Buy rating, Citigroup initiated coverage on Planet Labs PBC PL. The price target seems to have been set at $6.00 for Planet Labs. In the fourth quarter, Planet Labs showed an EPS of $0.14, compared to $0.26 from the year-ago quarter. The current stock performance of Planet Labs shows a 52-week-high of $7.51 and a 52-week-low of $3.29. Moreover, at the end of the last trading period, the closing price was at $4.36.

With a Neutral rating, Citigroup initiated coverage on Rocket Lab USA Inc RKLB. The price target seems to have been set at $4.55 for Rocket Lab USA. For the fourth quarter, Rocket Lab USA had an EPS of $0.08, compared to year-ago quarter EPS of $0.01. The current stock performance of Rocket Lab USA shows a 52-week-high of $8.74 and a 52-week-low of $3.49. Moreover, at the end of the last trading period, the closing price was at $4.14.

With a Buy rating, HC Wainwright & Co. initiated coverage on Inhibikase Therapeutics Inc IKT. The price target seems to have been set at $5.00 for Inhibikase Therapeutics. In the fourth quarter, Inhibikase Therapeutics showed an EPS of $0.17, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $1.34 and a 52-week-low of $0.45. Inhibikase Therapeutics closed at $0.58 at the end of the last trading period.

With a Buy rating, Roth MKM initiated coverage on ProSomnus Inc OSA. The price target seems to have been set at $9.00 for ProSomnus. None

For LXP Industrial Trust LXP, JMP Securities initiated coverage, by setting the current rating at Market Perform. In the fourth quarter, LXP Industrial Trust showed an EPS of $0.17, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $13.62 and a 52-week-low of $8.81. At the end of the last trading period, LXP Industrial Trust closed at $9.59.

Stifel initiated coverage on Krystal Biotech Inc KRYS with a Buy rating. The price target for Krystal Biotech is set to $102.00. In the fourth quarter, Krystal Biotech showed an EPS of $1.25, compared to $0.94 from the year-ago quarter. At the moment, the stock has a 52-week-high of $89.59 and a 52-week-low of $48.05. Krystal Biotech closed at $88.08 at the end of the last trading period.

Stifel initiated coverage on Prime Medicine Inc PRME with a Buy rating. The price target for Prime Medicine is set to $18.00. Prime Medicine earned $0.56 in the fourth quarter, compared to $4.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.60 and a 52-week-low of $11.07. Prime Medicine closed at $13.33 at the end of the last trading period.

Truist Securities initiated coverage on Waste Management Inc WM with a Buy rating. The price target for Waste Management is set to $190.00. For the fourth quarter, Waste Management had an EPS of $1.30, compared to year-ago quarter EPS of $1.26. The current stock performance of Waste Management shows a 52-week-high of $175.81 and a 52-week-low of $138.90. Moreover, at the end of the last trading period, the closing price was at $165.40.

Truist Securities initiated coverage on Heritage-Crystal Clean Inc HCCI with a Buy rating. The price target for Heritage-Crystal Clean is set to $42.00. Heritage-Crystal Clean earned $0.79 in the fourth quarter, compared to $0.79 in the year-ago quarter. The stock has a 52-week-high of $38.85 and a 52-week-low of $24.11. At the end of the last trading period, Heritage-Crystal Clean closed at $35.61.

Truist Securities initiated coverage on Clean Harbors Inc CLH with a Buy rating. The price target for Clean Harbors is set to $165.00. Clean Harbors earned $1.44 in the fourth quarter, compared to $0.89 in the year-ago quarter. The current stock performance of Clean Harbors shows a 52-week-high of $145.03 and a 52-week-low of $81.56. Moreover, at the end of the last trading period, the closing price was at $143.31.

Truist Securities initiated coverage on Stericycle Inc SRCL with a Hold rating. The price target for Stericycle is set to $45.00. For the fourth quarter, Stericycle had an EPS of $0.60, compared to year-ago quarter EPS of $0.38. The current stock performance of Stericycle shows a 52-week-high of $57.26 and a 52-week-low of $39.68. Moreover, at the end of the last trading period, the closing price was at $42.92.

Truist Securities initiated coverage on Waste Connections Inc WCN with a Buy rating. The price target for Waste Connections is set to $160.00. In the fourth quarter, Waste Connections showed an EPS of $0.89, compared to $0.83 from 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 $143.93.

See all analyst ratings initiations.