Benzinga's Top Ratings Upgrades, Downgrades For September 12, 2023

Upgrades

RBC Capital upgraded the previous rating for Equinox Gold Corp EQX from Underperform to Sector Perform. In the second quarter, Equinox Gold showed an EPS of $0.02, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $5.84 and a 52-week-low of $2.36. At the end of the last trading period, Equinox Gold closed at $4.75.

According to B. Riley Securities, the prior rating for Bicycle Therapeutics PLC BCYC was changed from Neutral to Buy. Bicycle Therapeutics earned $1.41 in the second quarter, compared to $0.90 in the year-ago quarter. The current stock performance of Bicycle Therapeutics shows a 52-week-high of $33.40 and a 52-week-low of $18.84. Moreover, at the end of the last trading period, the closing price was at $22.83.

According to Citigroup, the prior rating for BRP Inc DOOO was changed from Neutral to Buy. BRP earned $2.41 in the second quarter, compared to $2.29 in the year-ago quarter. The current stock performance of BRP shows a 52-week-high of $92.74 and a 52-week-low of $58.96. Moreover, at the end of the last trading period, the closing price was at $73.66.

According to B of A Securities, the prior rating for Cintas Corp CTAS was changed from Neutral to Buy. In the fourth quarter, Cintas showed an EPS of $3.33, compared to $2.81 from the year-ago quarter. The current stock performance of Cintas shows a 52-week-high of $518.71 and a 52-week-low of $370.99. Moreover, at the end of the last trading period, the closing price was at $497.85.

According to BMO Capital, the prior rating for Anglogold Ashanti Ltd AU was changed from Market Perform to Outperform. NoneThe stock has a 52-week-high of $30.27 and a 52-week-low of $11.95. At the end of the last trading period, Anglogold Ashanti closed at $17.14.

RBC Capital upgraded the previous rating for Iamgold Corp IAG from Underperform to Sector Perform. In the second quarter, Iamgold showed an EPS of $0.01, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.33 and a 52-week-low of $0.92. Iamgold closed at $2.23 at the end of the last trading period.

Wolfe Research upgraded the previous rating for CVS Health Corp CVS from Peer Perform to Outperform. For the second quarter, CVS Health had an EPS of $2.21, compared to year-ago quarter EPS of $2.40. The current stock performance of CVS Health shows a 52-week-high of $104.62 and a 52-week-low of $64.62. Moreover, at the end of the last trading period, the closing price was at $68.75.

For Geron Corp GERN, Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Geron had an EPS of $0.09, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $3.84 and a 52-week-low of $1.95. Geron closed at $2.34 at the end of the last trading period.

According to RBC Capital, the prior rating for CareTrust REIT Inc CTRE was changed from Sector Perform to Outperform. In the second quarter, CareTrust REIT showed an EPS of $0.35, compared to $0.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.44 and a 52-week-low of $16.22. CareTrust REIT closed at $20.11 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Osisko Development Corp ODV, RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the second quarter, Osisko Development showed an EPS of $0.12, compared to $0.02 from the year-ago quarter. The current stock performance of Osisko Development shows a 52-week-high of $6.25 and a 52-week-low of $2.97. Moreover, at the end of the last trading period, the closing price was at $3.02.

For Earthstone Energy Inc ESTE, Capital One downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Earthstone Energy showed an EPS of $0.53, compared to $1.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.98 and a 52-week-low of $10.67. Earthstone Energy closed at $20.19 at the end of the last trading period.

B of A Securities downgraded the previous rating for Sight Sciences Inc SGHT from Neutral to Underperform. For the second quarter, Sight Sciences had an EPS of $0.30, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $15.29 and a 52-week-low of $5.35. At the end of the last trading period, Sight Sciences closed at $6.51.

For Oracle Corp ORCL, Monness, Crespi, Hardt downgraded the previous rating of Buy to Neutral. For the first quarter, Oracle had an EPS of $1.19, compared to year-ago quarter EPS of $1.03. The stock has a 52-week-high of $127.54 and a 52-week-low of $60.78. At the end of the last trading period, Oracle closed at $126.71.

Stephens & Co. downgraded the previous rating for Hostess Brands Inc TWNK from Overweight to Equal-Weight. Hostess Brands earned $0.28 in the second quarter, compared to $0.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.58 and a 52-week-low of $21.59. Hostess Brands closed at $33.49 at the end of the last trading period.

According to Janney Montgomery Scott, the prior rating for First National Corp FXNC was changed from Buy to Neutral. First Ntl earned $0.56 in the second quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.44 and a 52-week-low of $13.13. First Ntl closed at $18.95 at the end of the last trading period.

William Blair downgraded the previous rating for Sight Sciences Inc SGHT from Outperform to Market Perform. For the second quarter, Sight Sciences had an EPS of $0.30, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $15.29 and a 52-week-low of $5.35. At the end of the last trading period, Sight Sciences closed at $6.51.

For Enphase Energy Inc ENPH, Truist Securities downgraded the previous rating of Buy to Hold. Enphase Energy earned $1.47 in the second quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $118.14. Enphase Energy closed at $122.19 at the end of the last trading period.

RBC Capital downgraded the previous rating for RTX Corp RTX from Outperform to Sector Perform. For the second quarter, RTX had an EPS of $1.29, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $108.84 and a 52-week-low of $75.99. RTX closed at $76.90 at the end of the last trading period.

According to Raymond James, the prior rating for Perion Network Ltd PERI was changed from Outperform to Market Perform. For the second quarter, Perion Network had an EPS of $0.84, compared to year-ago quarter EPS of $0.51. The stock has a 52-week-high of $42.75 and a 52-week-low of $18.81. At the end of the last trading period, Perion Network closed at $34.19.

Barclays downgraded the previous rating for RTX Corp RTX from Overweight to Equal-Weight. In the second quarter, RTX showed an EPS of $1.29, compared to $1.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $108.84 and a 52-week-low of $75.99. RTX closed at $76.90 at the end of the last trading period.

For Sight Sciences Inc SGHT, Piper Sandler downgraded the previous rating of Overweight to Neutral. For the second quarter, Sight Sciences had an EPS of $0.30, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of $15.29 and a 52-week-low of $5.35. Sight Sciences closed at $6.51 at the end of the last trading period.

According to Cantor Fitzgerald, the prior rating for Avantax Inc AVTA was changed from Overweight to Neutral. In the second quarter, Avantax showed an EPS of $0.36, compared to $0.99 from the year-ago quarter. The stock has a 52-week-high of $30.23 and a 52-week-low of $17.94. At the end of the last trading period, Avantax closed at $25.54.

According to Truist Securities, the prior rating for Hostess Brands Inc TWNK was changed from Buy to Hold. In the second quarter, Hostess Brands showed an EPS of $0.28, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.58 and a 52-week-low of $21.59. Hostess Brands closed at $33.49 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

RBC Capital initiated coverage on Omega Healthcare Investors Inc OHI with a Sector Perform rating. The price target for Omega Healthcare Invts is set to $33.00. For the second quarter, Omega Healthcare Invts had an EPS of $0.74, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $33.15 and a 52-week-low of $25.61. Omega Healthcare Invts closed at $32.54 at the end of the last trading period.

With a Buy rating, Maxim Group initiated coverage on Gain Therapeutics Inc GANX. The price target seems to have been set at $10.00 for Gain Therapeutics. In the second quarter, Gain Therapeutics showed an EPS of $0.62, compared to $0.43 from the year-ago quarter. The stock has a 52-week-high of $6.19 and a 52-week-low of $2.80. At the end of the last trading period, Gain Therapeutics closed at $3.66.

Maxim Group initiated coverage on Genelux Corp GNLX with a Buy rating. The price target for Genelux is set to $40.00. Genelux earned $0.23 in the second quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $40.98 and a 52-week-low of $5.35. At the end of the last trading period, Genelux closed at $22.40.

With a Sector Perform rating, Scotiabank initiated coverage on Rexford Industrial Realty Inc REXR. The price target seems to have been set at $59.00 for Rexford Industrial Realty. For the second quarter, Rexford Industrial Realty had an EPS of $0.54, compared to year-ago quarter EPS of $0.49. The current stock performance of Rexford Industrial Realty shows a 52-week-high of $66.71 and a 52-week-low of $48.80. Moreover, at the end of the last trading period, the closing price was at $53.01.

Evercore ISI Group initiated coverage on Aurora Innovation Inc AUR with an In-Line rating. The price target for Aurora Innovation is set to $4.00. In the second quarter, Aurora Innovation showed an EPS of $0.18, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $3.92 and a 52-week-low of $1.10. At the end of the last trading period, Aurora Innovation closed at $3.30.

With an Outperform rating, TD Cowen initiated coverage on Endeavor Group Holdings Inc EDR. The price target seems to have been set at $28.00 for Endeavor Gr Hldgs. Endeavor Gr Hldgs earned $1.29 in the second quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $26.26 and a 52-week-low of $18.60. At the end of the last trading period, Endeavor Gr Hldgs closed at $21.92.

With a Buy rating, Canaccord Genuity initiated coverage on GitLab Inc GTLB. The price target seems to have been set at $62.00 for GitLab. For the second quarter, GitLab had an EPS of $0.01, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $62.12 and a 52-week-low of $26.24. GitLab closed at $52.73 at the end of the last trading period.

Macquarie initiated coverage on BeiGene Ltd BGNE with an Outperform rating. The price target for BeiGene is set to $259.00. For the second quarter, BeiGene had an EPS of $3.64, compared to year-ago quarter EPS of $5.56. The current stock performance of BeiGene shows a 52-week-high of $280.62 and a 52-week-low of $124.55. Moreover, at the end of the last trading period, the closing price was at $209.24.

Roth MKM initiated coverage on Endeavor Operating Co LLC TKO with a Buy rating. The price target for Endeavor Operating Co is set to $132.00.

With a Buy rating, Seaport Global initiated coverage on Western New England Bancorp Inc WNEB. The price target seems to have been set at $8.00 for Western New England. Western New England earned $0.13 in the second quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Western New England shows a 52-week-high of $10.20 and a 52-week-low of $5.58. Moreover, at the end of the last trading period, the closing price was at $6.27.

Seaport Global initiated coverage on Webster Financial Corp WBS with a Buy rating. The price target for Webster Finl is set to $56.00. In the second quarter, Webster Finl showed an EPS of $1.50, compared to $1.29 from the year-ago quarter. The stock has a 52-week-high of $56.15 and a 52-week-low of $31.03. At the end of the last trading period, Webster Finl closed at $41.69.

Seaport Global initiated coverage on Washington Trust Bancorp Inc WASH with a Buy rating. The price target for Washington Trust Bancorp is set to $34.00. In the second quarter, Washington Trust Bancorp showed an EPS of $0.66, compared to $1.14 from the year-ago quarter. The stock has a 52-week-high of $51.25 and a 52-week-low of $22.26. At the end of the last trading period, Washington Trust Bancorp closed at $27.03.

With a Sell rating, Seaport Global initiated coverage on Independent Bank Corp INDB. The price target seems to have been set at $45.00 for Independent Bank. In the second quarter, Independent Bank showed an EPS of $1.42, compared to $1.32 from the year-ago quarter. The current stock performance of Independent Bank shows a 52-week-high of $91.64 and a 52-week-low of $43.28. Moreover, at the end of the last trading period, the closing price was at $52.86.

For HarborOne Bancorp Inc HONE, Seaport Global initiated coverage, by setting the current rating at Neutral. In the second quarter, HarborOne Bancorp showed an EPS of $0.17, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $15.55 and a 52-week-low of $7.51. At the end of the last trading period, HarborOne Bancorp closed at $9.76.

With a Buy rating, Seaport Global initiated coverage on Eastern Bankshares Inc EBC. The price target seems to have been set at $16.00 for Eastern Bankshares. In the second quarter, Eastern Bankshares showed an EPS of $0.28, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $21.54 and a 52-week-low of $9.93. At the end of the last trading period, Eastern Bankshares closed at $13.13.

With a Buy rating, Seaport Global initiated coverage on Brookline Bancorp Inc BRKL. The price target seems to have been set at $12.00 for Brookline Bancorp. In the second quarter, Brookline Bancorp showed an EPS of $0.26, compared to $0.33 from the year-ago quarter. The stock has a 52-week-high of $15.50 and a 52-week-low of $7.00. At the end of the last trading period, Brookline Bancorp closed at $9.04.

With a Sell rating, Seaport Global initiated coverage on Berkshire Hills Bancorp Inc BHLB. The price target seems to have been set at $16.00 for Berkshire Hills Bancorp. In the second quarter, Berkshire Hills Bancorp showed an EPS of $0.55, compared to $0.51 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.62 and a 52-week-low of $18.07. Berkshire Hills Bancorp closed at $20.20 at the end of the last trading period.

With a Buy rating, BTIG initiated coverage on Ambrx Biopharma Inc AMAM. The price target seems to have been set at $26.00 for Ambrx Biopharma. For the second quarter, Ambrx Biopharma had an EPS of $0.35, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $16.86 and a 52-week-low of $0.38. Ambrx Biopharma closed at $11.64 at the end of the last trading period.

With an Outperform rating, RBC Capital initiated coverage on BeiGene Ltd BGNE. The price target seems to have been set at $259.00 for BeiGene. For the second quarter, BeiGene had an EPS of $3.64, compared to year-ago quarter EPS of $5.56. The stock has a 52-week-high of $280.62 and a 52-week-low of $124.55. At the end of the last trading period, BeiGene closed at $209.24.

Deutsche Bank initiated coverage on Global Blue Group Holding AG GB with a Buy rating. The price target for Global Blue Gr Holding is set to $8.00. In the first quarter, Global Blue Gr Holding showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $7.60 and a 52-week-low of $3.49. At the end of the last trading period, Global Blue Gr Holding closed at $5.59.

With an Overweight rating, Keybanc initiated coverage on Brandywine Realty Trust BDN. The price target seems to have been set at $6.00 for Brandywine Realty Tr. For the second quarter, Brandywine Realty Tr had an EPS of $0.29, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $8.61 and a 52-week-low of $3.42. At the end of the last trading period, Brandywine Realty Tr closed at $4.78.

With a Buy rating, B. Riley Securities initiated coverage on Guess? Inc GES. The price target seems to have been set at $31.00 for Guess. Guess earned $0.72 in the second quarter, compared to $0.39 in the year-ago quarter. The current stock performance of Guess shows a 52-week-high of $24.84 and a 52-week-low of $14.27. Moreover, at the end of the last trading period, the closing price was at $22.75.

With a Hold rating, Berenberg initiated coverage on Repay Holdings Corp RPAY. The price target seems to have been set at $9.00 for Repay Hldgs. For the second quarter, Repay Hldgs had an EPS of $0.19, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $10.43 and a 52-week-low of $4.37. At the end of the last trading period, Repay Hldgs closed at $8.44.

Keybanc initiated coverage on Douglas Emmett Inc DEI with a Sector Weight rating. Douglas Emmett earned $0.48 in the second quarter, compared to $0.51 in the year-ago quarter. The current stock performance of Douglas Emmett shows a 52-week-high of $22.15 and a 52-week-low of $10.09. Moreover, at the end of the last trading period, the closing price was at $13.55.

With an Underweight rating, Keybanc initiated coverage on Cousins Properties Inc CUZ. The price target seems to have been set at $19.00 for Cousins Props. For the second quarter, Cousins Props had an EPS of $0.68, compared to year-ago quarter EPS of $0.70. The current stock performance of Cousins Props shows a 52-week-high of $28.77 and a 52-week-low of $18.05. Moreover, at the end of the last trading period, the closing price was at $22.72.

Keybanc initiated coverage on City Office REIT Inc CIO with a Sector Weight rating. In the second quarter, City Office REIT showed an EPS of $0.35, compared to $0.40 from the year-ago quarter. The current stock performance of City Office REIT shows a 52-week-high of $11.77 and a 52-week-low of $4.03. Moreover, at the end of the last trading period, the closing price was at $5.09.

For Boston Properties Inc BXP, Keybanc initiated coverage, by setting the current rating at Sector Weight. Boston Props earned $1.86 in the second quarter, compared to $1.94 in the year-ago quarter. At the moment, the stock has a 52-week-high of $87.59 and a 52-week-low of $46.18. Boston Props closed at $66.16 at the end of the last trading period.

Keybanc initiated coverage on Kilroy Realty Corp KRC with an Overweight rating. The price target for Kilroy Realty is set to $47.00. Kilroy Realty earned $1.19 in the second quarter, compared to $1.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $51.66 and a 52-week-low of $25.99. Kilroy Realty closed at $36.46 at the end of the last trading period.

Baird initiated coverage on Qiagen NV QGEN with an Outperform rating. The price target for Qiagen is set to $50.00. In the second quarter, Qiagen showed an EPS of $0.51, compared to $0.51 from the year-ago quarter. The stock has a 52-week-high of $51.18 and a 52-week-low of $40.38. At the end of the last trading period, Qiagen closed at $42.45.

Berenberg initiated coverage on Block Inc SQ with a Buy rating. The price target for Block is set to $75.00. For the second quarter, Block had an EPS of $0.39, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $89.97 and a 52-week-low of $51.34. Block closed at $53.94 at the end of the last trading period.

See all analyst ratings initiations.