Benzinga's Top Ratings Upgrades, Downgrades For September 7, 2023

Upgrades

For Tri Pointe Homes Inc TPH, Oppenheimer upgraded the previous rating of Perform to Outperform. For the second quarter, Tri Pointe Homes had an EPS of $0.60, compared to year-ago quarter EPS of $1.33. At the moment, the stock has a 52-week-high of $34.04 and a 52-week-low of $14.63. Tri Pointe Homes closed at $29.60 at the end of the last trading period.

Truist Securities upgraded the previous rating for Vail Resorts Inc MTN from Hold to Buy. In the third quarter, Vail Resorts showed an EPS of $8.18, compared to $9.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $268.24 and a 52-week-low of $202.00. Vail Resorts closed at $243.05 at the end of the last trading period.

According to Wells Fargo, the prior rating for McDonald's Corp MCD was changed from Equal-Weight to Overweight. For the second quarter, McDonald's had an EPS of $3.17, compared to year-ago quarter EPS of $2.55. The stock has a 52-week-high of $299.35 and a 52-week-low of $230.62. At the end of the last trading period, McDonald's closed at $275.44.

According to Goldman Sachs, the prior rating for Owens-Corning Inc OC was changed from Sell to Neutral. Owens-Corning earned $4.22 in the second quarter, compared to $3.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $147.00 and a 52-week-low of $74.25. Owens-Corning closed at $142.50 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Alembic Global, the prior rating for AeroVironment Inc AVAV was changed from Overweight to Neutral. For the first quarter, AeroVironment had an EPS of $1.00, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $124.33 and a 52-week-low of $74.91. At the end of the last trading period, AeroVironment closed at $115.05.

According to Noble Capital Markets, the prior rating for Bassett Furniture Industries Inc BSET was changed from Outperform to Market Perform. In the second quarter, Bassett Furniture Indus showed an EPS of $0.24, compared to $0.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.99 and a 52-week-low of $13.30. Bassett Furniture Indus closed at $15.20 at the end of the last trading period.

For Akoustis Technologies Inc AKTS, B. Riley Securities downgraded the previous rating of Buy to Neutral. Akoustis Technologies earned $0.21 in the fourth quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Akoustis Technologies shows a 52-week-high of $4.96 and a 52-week-low of $1.07. Moreover, at the end of the last trading period, the closing price was at $1.16.

Fox Advisors downgraded the previous rating for ChargePoint Holdings Inc CHPT from Overweight to Equal-Weight. ChargePoint Hldgs earned $0.24 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $19.92 and a 52-week-low of $6.65. At the end of the last trading period, ChargePoint Hldgs closed at $7.06.

According to Evercore ISI Group, the prior rating for Verint Systems Inc VRNT was changed from Outperform to In-Line. Verint Systems earned $0.48 in the second quarter, compared to $0.56 in the year-ago quarter. The current stock performance of Verint Systems shows a 52-week-high of $46.89 and a 52-week-low of $30.60. Moreover, at the end of the last trading period, the closing price was at $30.87.

For Dave & Buster's Entertainment Inc PLAY, Raymond James downgraded the previous rating of Strong Buy to Outperform. Dave & Buster's Enter earned $0.94 in the second quarter, compared to $0.85 in the year-ago quarter. The current stock performance of Dave & Buster's Enter shows a 52-week-high of $47.29 and a 52-week-low of $30.38. Moreover, at the end of the last trading period, the closing price was at $37.40.

According to Northcoast Research, the prior rating for NCR Corp NCR was changed from Buy to Neutral. In the second quarter, NCR showed an EPS of $0.94, compared to $0.71 from the year-ago quarter. The stock has a 52-week-high of $32.72 and a 52-week-low of $18.06. At the end of the last trading period, NCR closed at $28.83.

According to Wells Fargo, the prior rating for Greenbrier Companies Inc GBX was changed from Overweight to Equal-Weight. In the third quarter, Greenbrier Companies showed an EPS of $1.02, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $48.21 and a 52-week-low of $23.97. At the end of the last trading period, Greenbrier Companies closed at $41.64.

For Verint Systems Inc VRNT, Oppenheimer downgraded the previous rating of Outperform to Perform. Verint Systems earned $0.48 in the second quarter, compared to $0.56 in the year-ago quarter. The current stock performance of Verint Systems shows a 52-week-high of $46.89 and a 52-week-low of $30.60. Moreover, at the end of the last trading period, the closing price was at $30.87.

According to UBS, the prior rating for Tronox Holdings PLC TROX was changed from Buy to Neutral. In the second quarter, Tronox Holdings showed an EPS of $0.16, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $17.61 and a 52-week-low of $10.58. At the end of the last trading period, Tronox Holdings closed at $13.90.

According to Baird, the prior rating for Torrid Holdings Inc CURV was changed from Outperform to Neutral. For the second quarter, Torrid Holdings had an EPS of $0.06, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $6.90 and a 52-week-low of $2.04. Torrid Holdings closed at $2.20 at the end of the last trading period.

According to Barclays, the prior rating for Dell Technologies Inc DELL was changed from Equal-Weight to Underweight. In the second quarter, Dell Technologies showed an EPS of $1.74, compared to $1.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.48 and a 52-week-low of $32.90. Dell Technologies closed at $70.47 at the end of the last trading period.

According to Barclays, the prior rating for Seagate Technology Holdings PLC STX was changed from Overweight to Equal-Weight. For the fourth quarter, Seagate Tech Hldgs had an EPS of $0.18, compared to year-ago quarter EPS of $1.59. The current stock performance of Seagate Tech Hldgs shows a 52-week-high of $74.51 and a 52-week-low of $47.47. Moreover, at the end of the last trading period, the closing price was at $71.23.

For Polestar Automotive Holding UK PLC PSNY, Barclays downgraded the previous rating of Equal-Weight to Underweight. For the second quarter, Polestar Automotive had an EPS of $0.14, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $8.25 and a 52-week-low of $3.11. Polestar Automotive closed at $3.13 at the end of the last trading period.

According to B. Riley Securities, the prior rating for Crocs Inc CROX was changed from Buy to Neutral. For the second quarter, Crocs had an EPS of $3.59, compared to year-ago quarter EPS of $3.24. The current stock performance of Crocs shows a 52-week-high of $151.32 and a 52-week-low of $65.20. Moreover, at the end of the last trading period, the closing price was at $96.36.

According to HSBC, the prior rating for Pampa Energia SA PAM was changed from Hold to Reduce. In the second quarter, Pampa Energia showed an EPS of $3.01, compared to $1.20 from the year-ago quarter. The stock has a 52-week-high of $48.79 and a 52-week-low of $22.05. At the end of the last trading period, Pampa Energia closed at $42.91.

Loop Capital downgraded the previous rating for Roku Inc ROKU from Buy to Hold. In the second quarter, Roku showed an EPS of $0.76, compared to $0.82 from the year-ago quarter. The stock has a 52-week-high of $98.44 and a 52-week-low of $38.27. At the end of the last trading period, Roku closed at $86.19.

See all analyst ratings downgrades.

Initiations

Lake Street initiated coverage on KORU Medical Systems Inc KRMD with a Buy rating. The price target for KORU Medical Systems is set to $4.00. For the second quarter, KORU Medical Systems had an EPS of $0.05, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $4.48 and a 52-week-low of $2.13. KORU Medical Systems closed at $2.52 at the end of the last trading period.

With an Outperform rating, Noble Capital Markets initiated coverage on Bitcoin Depot Inc BTM. The price target seems to have been set at $9.00 for Bitcoin Depot. For the second quarter, Bitcoin Depot had an EPS of $0.69, compared to year-ago quarter EPS of $0.69. The current stock performance of Bitcoin Depot shows a 52-week-high of $4.49 and a 52-week-low of $2.57. Moreover, at the end of the last trading period, the closing price was at $2.76.

With a Buy rating, Craig-Hallum initiated coverage on scPharmaceuticals Inc SCPH. The price target seems to have been set at $20.00 for scPharmaceuticals. For the second quarter, scPharmaceuticals had an EPS of $0.36, compared to year-ago quarter EPS of $0.35. The current stock performance of scPharmaceuticals shows a 52-week-high of $12.75 and a 52-week-low of $3.71. Moreover, at the end of the last trading period, the closing price was at $7.00.

B. Riley Securities initiated coverage on KORU Medical Systems Inc KRMD with a Buy rating. The price target for KORU Medical Systems is set to $4.50. KORU Medical Systems earned $0.05 in the second quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.48 and a 52-week-low of $2.13. KORU Medical Systems closed at $2.52 at the end of the last trading period.

With an Outperform rating, Raymond James initiated coverage on Canada Goose Holdings Inc GOOS. The price target seems to have been set at $26.00 for Canada Goose Hldgs. Canada Goose Hldgs earned $0.52 in the first quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $24.73 and a 52-week-low of $14.51. At the end of the last trading period, Canada Goose Hldgs closed at $15.52.

With a Equal-Weight rating, Wells Fargo initiated coverage on Monro Inc MNRO. The price target seems to have been set at $35.00 for Monro. Monro earned $0.31 in the first quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $55.70 and a 52-week-low of $32.05. At the end of the last trading period, Monro closed at $32.46.

With a Neutral rating, B of A Securities initiated coverage on Brookfield Asset Management Ltd BAM. The price target seems to have been set at $40.00 for Brookfield Asset Mgmt. In the second quarter, Brookfield Asset Mgmt showed an EPS of $0.28, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $51.45 and a 52-week-low of $26.79. At the end of the last trading period, Brookfield Asset Mgmt closed at $34.24.

With a Buy rating, B of A Securities initiated coverage on Akamai Technologies Inc AKAM. The price target seems to have been set at $145.00 for Akamai Techs. Akamai Techs earned $1.49 in the second quarter, compared to $1.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $107.47 and a 52-week-low of $70.65. Akamai Techs closed at $103.80 at the end of the last trading period.

With an Underperform rating, B of A Securities initiated coverage on Cloudflare Inc NET. The price target seems to have been set at $52.00 for Cloudflare. Cloudflare earned $0.10 in the second quarter, compared to $0.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $76.07 and a 52-week-low of $37.38. Cloudflare closed at $63.99 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Ardelyx Inc ARDX with a Buy rating. The price target for Ardelyx is set to $9.00. For the second quarter, Ardelyx had an EPS of $0.08, compared to year-ago quarter EPS of $0.19. At the moment, the stock has a 52-week-high of $5.12 and a 52-week-low of $1.09. Ardelyx closed at $4.73 at the end of the last trading period.

With a Buy rating, Canaccord Genuity initiated coverage on Kenvue Inc KVUE. The price target seems to have been set at $28.00 for Kenvue. In the second quarter, Kenvue showed an EPS of $0.32, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.80 and a 52-week-low of $22.30. Kenvue closed at $22.38 at the end of the last trading period.

With a Buy rating, Compass Point initiated coverage on TeraWulf Inc WULF. The price target seems to have been set at $3.00 for TeraWulf. For the second quarter, TeraWulf had an EPS of $0.08, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $4.04 and a 52-week-low of $0.54. TeraWulf closed at $1.85 at the end of the last trading period.

Jefferies initiated coverage on American Financial Group Inc AFG with a Hold rating. The price target for American Finl Gr is set to $120.00. In the second quarter, American Finl Gr showed an EPS of $2.38, compared to $2.85 from the year-ago quarter. The current stock performance of American Finl Gr shows a 52-week-high of $150.78 and a 52-week-low of $109.98. Moreover, at the end of the last trading period, the closing price was at $113.45.

With a Buy rating, Jefferies initiated coverage on Markel Group Inc MKL. The price target seems to have been set at $1750.00 for Markel Group. For the second quarter, Markel Group had an EPS of $50.09, compared to year-ago quarter EPS of $45.02. At the moment, the stock has a 52-week-high of $1519.96 and a 52-week-low of $1066.09. Markel Group closed at $1460.00 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on RLI Corp RLI. The price target seems to have been set at $155.00 for RLI. In the second quarter, RLI showed an EPS of $1.16, compared to $1.49 from the year-ago quarter. The current stock performance of RLI shows a 52-week-high of $149.65 and a 52-week-low of $101.13. Moreover, at the end of the last trading period, the closing price was at $130.37.

With a Buy rating, Guggenheim initiated coverage on CyberArk Software Ltd CYBR. The price target seems to have been set at $200.00 for CyberArk Software. CyberArk Software earned $0.03 in the second quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $171.95 and a 52-week-low of $113.19. CyberArk Software closed at $171.55 at the end of the last trading period.

Deutsche Bank initiated coverage on Hilton Grand Vacations Inc HGV with a Buy rating. The price target for Hilton Grand Vacations is set to $59.00. Hilton Grand Vacations earned $0.85 in the second quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Hilton Grand Vacations shows a 52-week-high of $51.81 and a 52-week-low of $32.13. Moreover, at the end of the last trading period, the closing price was at $42.55.

With an Overweight rating, Barclays initiated coverage on Flex Ltd FLEX. The price target seems to have been set at $35.00 for Flex. Flex earned $0.57 in the first quarter, compared to $0.54 in the year-ago quarter. The current stock performance of Flex shows a 52-week-high of $28.90 and a 52-week-low of $16.12. Moreover, at the end of the last trading period, the closing price was at $26.65.

With an Overweight rating, Barclays initiated coverage on Jabil Inc JBL. The price target seems to have been set at $134.00 for Jabil. Jabil earned $1.99 in the third quarter, compared to $1.72 in the year-ago quarter. The stock has a 52-week-high of $117.29 and a 52-week-low of $55.26. At the end of the last trading period, Jabil closed at $111.68.

Barclays initiated coverage on LPL Financial Holdings Inc LPLA with an Overweight rating. The price target for LPL Finl Hldgs is set to $275.00. LPL Finl Hldgs earned $3.94 in the second quarter, compared to $2.24 in the year-ago quarter. The current stock performance of LPL Finl Hldgs shows a 52-week-high of $271.48 and a 52-week-low of $179.00. Moreover, at the end of the last trading period, the closing price was at $234.59.

Berenberg initiated coverage on Harmony Biosciences Holdings Inc HRMY with a Buy rating. The price target for Harmony Biosciences is set to $59.00. For the second quarter, Harmony Biosciences had an EPS of $0.76, compared to year-ago quarter EPS of $0.57. At the moment, the stock has a 52-week-high of $61.94 and a 52-week-low of $29.81. Harmony Biosciences closed at $36.64 at the end of the last trading period.

Berenberg initiated coverage on Krystal Biotech Inc KRYS with a Buy rating. The price target for Krystal Biotech is set to $154.00. In the second quarter, Krystal Biotech showed an EPS of $1.25, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $131.80 and a 52-week-low of $61.44. At the end of the last trading period, Krystal Biotech closed at $124.00.

HSBC initiated coverage on PNC Financial Services Group Inc PNC with a Reduce rating. The price target for PNC Finl Servs Gr is set to $110.00. In the second quarter, PNC Finl Servs Gr showed an EPS of $3.36, compared to $3.42 from the year-ago quarter. The current stock performance of PNC Finl Servs Gr shows a 52-week-high of $169.86 and a 52-week-low of $110.31. Moreover, at the end of the last trading period, the closing price was at $118.36.

With a Hold rating, HSBC initiated coverage on Truist Financial Corp TFC. The price target seems to have been set at $29.00 for Truist Finl. Truist Finl earned $0.95 in the second quarter, compared to $1.20 in the year-ago quarter. The current stock performance of Truist Finl shows a 52-week-high of $53.34 and a 52-week-low of $25.56. Moreover, at the end of the last trading period, the closing price was at $29.72.

HSBC initiated coverage on U.S. Bancorp USB with a Hold rating. The price target for U.S. Bancorp is set to $39.00. For the second quarter, U.S. Bancorp had an EPS of $1.12, compared to year-ago quarter EPS of $1.09. The stock has a 52-week-high of $49.95 and a 52-week-low of $27.27. At the end of the last trading period, U.S. Bancorp closed at $36.12.

HSBC initiated coverage on Morgan Stanley MS with a Buy rating. The price target for Morgan Stanley is set to $99.00. In the second quarter, Morgan Stanley showed an EPS of $1.24, compared to $1.44 from the year-ago quarter. The stock has a 52-week-high of $100.99 and a 52-week-low of $74.69. At the end of the last trading period, Morgan Stanley closed at $84.16.

HSBC initiated coverage on The Goldman Sachs Group Inc GS with a Buy rating. The price target for Goldman Sachs Gr is set to $403.00. For the second quarter, Goldman Sachs Gr had an EPS of $3.08, compared to year-ago quarter EPS of $7.73. At the moment, the stock has a 52-week-high of $389.43 and a 52-week-low of $287.84. Goldman Sachs Gr closed at $321.13 at the end of the last trading period.

HSBC initiated coverage on Wells Fargo & Co WFC with a Hold rating. The price target for Wells Fargo is set to $45.00. In the second quarter, Wells Fargo showed an EPS of $1.25, compared to $0.74 from the year-ago quarter. The current stock performance of Wells Fargo shows a 52-week-high of $48.84 and a 52-week-low of $35.25. Moreover, at the end of the last trading period, the closing price was at $41.02.

With a Hold rating, HSBC initiated coverage on Citigroup Inc C. The price target seems to have been set at $43.00 for Citigroup. Citigroup earned $1.33 in the second quarter, compared to $2.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.23 and a 52-week-low of $40.01. Citigroup closed at $41.37 at the end of the last trading period.

HSBC initiated coverage on JPMorgan Chase & Co JPM with a Hold rating. The price target for JPMorgan Chase is set to $159.00. In the second quarter, JPMorgan Chase showed an EPS of $4.75, compared to $2.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $159.38 and a 52-week-low of $101.30. JPMorgan Chase closed at $144.96 at the end of the last trading period.

HSBC initiated coverage on Bank of America Corp BAC with a Buy rating. The price target for Bank of America is set to $35.00. Bank of America earned $0.88 in the second quarter, compared to $0.73 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.59 and a 52-week-low of $26.32. Bank of America closed at $28.39 at the end of the last trading period.

For Sportradar Group AG SRAD, JMP Securities initiated coverage, by setting the current rating at Market Perform. For the second quarter, Sportradar Gr had an EPS of $0.00, compared to year-ago quarter EPS of $0.08. The current stock performance of Sportradar Gr shows a 52-week-high of $15.56 and a 52-week-low of $7.84. Moreover, at the end of the last trading period, the closing price was at $11.60.

With a Market Outperform rating, JMP Securities initiated coverage on PlayAGS Inc AGS. The price target seems to have been set at $11.00 for PlayAGS. PlayAGS earned $0.02 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.28 and a 52-week-low of $4.40. PlayAGS closed at $6.58 at the end of the last trading period.

Raymond James initiated coverage on Oil States International Inc OIS with an Outperform rating. The price target for Oil States International is set to $10.00. In the second quarter, Oil States International showed an EPS of $0.01, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.47 and a 52-week-low of $3.50. Oil States International closed at $8.41 at the end of the last trading period.

Stifel initiated coverage on Lowe's Companies Inc LOW with a Buy rating. The price target for Lowe's Companies is set to $270.00. In the second quarter, Lowe's Companies showed an EPS of $4.56, compared to $4.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $237.21 and a 52-week-low of $176.62. Lowe's Companies closed at $229.61 at the end of the last trading period.

With a Hold rating, Stifel initiated coverage on The Home Depot Inc HD. The price target seems to have been set at $350.00 for Home Depot. For the second quarter, Home Depot had an EPS of $4.65, compared to year-ago quarter EPS of $5.05. At the moment, the stock has a 52-week-high of $346.95 and a 52-week-low of $265.63. Home Depot closed at $326.00 at the end of the last trading period.

With a Buy rating, Stifel initiated coverage on Floor & Decor Holdings Inc FND. The price target seems to have been set at $120.00 for Floor & Decor Hldgs. For the second quarter, Floor & Decor Hldgs had an EPS of $0.66, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $116.03 and a 52-week-low of $63.52. Floor & Decor Hldgs closed at $96.94 at the end of the last trading period.

See all analyst ratings initiations.