Benzinga's Top Ratings Upgrades, Downgrades For September 19, 2023

Upgrades

For Methanex Corp MEOH, Raymond James upgraded the previous rating of Market Perform to Outperform. For the second quarter, Methanex had an EPS of $0.60, compared to year-ago quarter EPS of $1.41. The stock has a 52-week-high of $54.83 and a 52-week-low of $28.73. At the end of the last trading period, Methanex closed at $41.16.

According to Truist Securities, the prior rating for Royal Caribbean Group RCL was changed from Hold to Buy. For the second quarter, Royal Caribbean Gr had an EPS of $1.82, compared to year-ago quarter EPS of $2.08. The current stock performance of Royal Caribbean Gr shows a 52-week-high of $112.95 and a 52-week-low of $36.92. Moreover, at the end of the last trading period, the closing price was at $95.92.

Truist Securities upgraded the previous rating for Carnival Corp CCL from Sell to Hold. For the second quarter, Carnival had an EPS of $0.31, compared to year-ago quarter EPS of $1.64. The current stock performance of Carnival shows a 52-week-high of $19.55 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $15.04.

According to Evercore ISI Group, the prior rating for CVS Health Corp CVS was changed from In-Line to Outperform. CVS Health earned $2.21 in the second quarter, compared to $2.40 in the year-ago quarter. The stock has a 52-week-high of $104.62 and a 52-week-low of $64.62. At the end of the last trading period, CVS Health closed at $70.70.

For Rackspace Technology Inc RXT, Raymond James upgraded the previous rating of Market Perform to Outperform. Rackspace Tech earned $0.06 in the second quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $6.07 and a 52-week-low of $1.05. At the end of the last trading period, Rackspace Tech closed at $1.48.

For Rexford Industrial Realty Inc REXR, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the second quarter, Rexford Industrial Realty had an EPS of $0.54, compared to year-ago quarter EPS of $0.49. At the moment, the stock has a 52-week-high of $66.71 and a 52-week-low of $48.80. Rexford Industrial Realty closed at $51.54 at the end of the last trading period.

For Dell Technologies Inc DELL, Daiwa Capital upgraded the previous rating of Neutral to Outperform. Dell Technologies earned $1.74 in the second quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Dell Technologies shows a 52-week-high of $72.82 and a 52-week-low of $32.90. Moreover, at the end of the last trading period, the closing price was at $69.15.

For Globus Medical Inc GMED, Stifel upgraded the previous rating of Hold to Buy. In the second quarter, Globus Medical showed an EPS of $0.63, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $80.04 and a 52-week-low of $48.86. Globus Medical closed at $51.60 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Wedbush, the prior rating for Kinnate Biopharma Inc KNTE was changed from Outperform to Neutral. For the second quarter, Kinnate Biopharma had an EPS of $0.68, compared to year-ago quarter EPS of $0.62. The current stock performance of Kinnate Biopharma shows a 52-week-high of $12.93 and a 52-week-low of $1.68. Moreover, at the end of the last trading period, the closing price was at $1.70.

HC Wainwright & Co. downgraded the previous rating for Kinnate Biopharma Inc KNTE from Buy to Neutral. Kinnate Biopharma earned $0.68 in the second quarter, compared to $0.62 in the year-ago quarter. The current stock performance of Kinnate Biopharma shows a 52-week-high of $12.93 and a 52-week-low of $1.68. Moreover, at the end of the last trading period, the closing price was at $1.70.

According to Evercore ISI Group, the prior rating for CNH Industrial NV CNHI was changed from Outperform to In-Line. CNH Industrial earned $0.52 in the second quarter, compared to $0.43 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.98 and a 52-week-low of $10.89. CNH Industrial closed at $13.37 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for Deere & Co DE was changed from Outperform to In-Line. In the third quarter, Deere showed an EPS of $10.20, compared to $6.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $450.00 and a 52-week-low of $328.77. Deere closed at $410.84 at the end of the last trading period.

For Daqo New Energy Corp DQ, Daiwa Capital downgraded the previous rating of Outperform to Neutral. For the second quarter, Daqo New Energy had an EPS of $1.75, compared to year-ago quarter EPS of $8.18. At the moment, the stock has a 52-week-high of $58.00 and a 52-week-low of $31.42. Daqo New Energy closed at $31.62 at the end of the last trading period.

For Starbucks Corp SBUX, TD Cowen downgraded the previous rating of Outperform to Market Perform. In the third quarter, Starbucks showed an EPS of $1.00, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $115.48 and a 52-week-low of $82.43. At the end of the last trading period, Starbucks closed at $96.76.

For Planet Fitness Inc PLNT, JP Morgan downgraded the previous rating of Overweight to Neutral. For the second quarter, Planet Fitness had an EPS of $0.65, compared to year-ago quarter EPS of $0.38. The current stock performance of Planet Fitness shows a 52-week-high of $85.91 and a 52-week-low of $48.01. Moreover, at the end of the last trading period, the closing price was at $48.50.

For Lazard Ltd LAZ, Goldman Sachs downgraded the previous rating of Neutral to Sell. For the second quarter, Lazard had an EPS of $0.24, compared to year-ago quarter EPS of $0.92. The stock has a 52-week-high of $43.44 and a 52-week-low of $27.71. At the end of the last trading period, Lazard closed at $33.40.

According to Piper Sandler, the prior rating for Kinnate Biopharma Inc KNTE was changed from Overweight to Neutral. Kinnate Biopharma earned $0.68 in the second quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $12.93 and a 52-week-low of $1.68. At the end of the last trading period, Kinnate Biopharma closed at $1.70.

See all analyst ratings downgrades.

Initiations

CJS Securities initiated coverage on Stevanato Group SPA STVN with a Market Outperform rating. The price target for Stevanato Gr is set to $36.00. In the second quarter, Stevanato Gr showed an EPS of $0.15, compared to $0.13 from the year-ago quarter. The current stock performance of Stevanato Gr shows a 52-week-high of $36.30 and a 52-week-low of $13.75. Moreover, at the end of the last trading period, the closing price was at $30.15.

Cantor Fitzgerald initiated coverage on Akero Therapeutics Inc AKRO with an Overweight rating. The price target for Akero Therapeutics is set to $69.00. In the second quarter, Akero Therapeutics showed an EPS of $0.60, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.38 and a 52-week-low of $25.27. Akero Therapeutics closed at $52.25 at the end of the last trading period.

With a Buy rating, Truist Securities initiated coverage on Praxis Precision Medicines Inc PRAX. The price target seems to have been set at $10.00 for Praxis Precision Medicine. In the second quarter, Praxis Precision Medicine showed an EPS of $0.49, compared to $1.32 from the year-ago quarter. The current stock performance of Praxis Precision Medicine shows a 52-week-high of $5.25 and a 52-week-low of $0.79. Moreover, at the end of the last trading period, the closing price was at $1.42.

With a Market Perform rating, TD Cowen initiated coverage on Aurora Innovation Inc AUR. The price target seems to have been set at $3.00 for Aurora Innovation. Aurora Innovation earned $0.18 in the second quarter, compared to $0.18 in 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 $3.55.

With a Equal-Weight rating, Morgan Stanley initiated coverage on The Vita Coco Co Inc COCO. The price target seems to have been set at $29.00 for Vita Coco. For the second quarter, Vita Coco had an EPS of $0.31, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $33.29 and a 52-week-low of $7.43. At the end of the last trading period, Vita Coco closed at $26.49.

With a Buy rating, Citigroup initiated coverage on GE HealthCare Technologies Inc GEHC. The price target seems to have been set at $82.00 for GE HealthCare Techs. For the second quarter, GE HealthCare Techs had an EPS of $0.92, compared to year-ago quarter EPS of $1.15. At the moment, the stock has a 52-week-high of $87.83 and a 52-week-low of $53.00. GE HealthCare Techs closed at $66.28 at the end of the last trading period.

Citigroup initiated coverage on Arrowhead Pharmaceuticals Inc ARWR with a Neutral rating. The price target for Arrowhead Pharma is set to $33.00. In the third quarter, Arrowhead Pharma showed an EPS of $0.96, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.48 and a 52-week-low of $23.09. Arrowhead Pharma closed at $28.13 at the end of the last trading period.

With a Neutral rating, Redburn Atlantic initiated coverage on ARM Holdings PLC ARM. The price target seems to have been set at $50.00 for ARM Holdings. The stock has a 52-week-high of $69.00 and a 52-week-low of $55.02. At the end of the last trading period, ARM Holdings closed at $58.00.

Jefferies initiated coverage on WNS (Holdings) Ltd WNS with a Buy rating. The price target for WNS (Hldgs) is set to $82.00. WNS (Hldgs) earned $1.01 in the first quarter, compared to $0.90 in the year-ago quarter. The current stock performance of WNS (Hldgs) shows a 52-week-high of $94.96 and a 52-week-low of $60.79. Moreover, at the end of the last trading period, the closing price was at $65.50.

With a Neutral rating, JP Morgan initiated coverage on Raymond James Financial Inc RJF. The price target seems to have been set at $121.00 for Raymond James Finl. In the third quarter, Raymond James Finl showed an EPS of $1.85, compared to $1.61 from the year-ago quarter. The current stock performance of Raymond James Finl shows a 52-week-high of $126.00 and a 52-week-low of $82.00. Moreover, at the end of the last trading period, the closing price was at $107.16.

With a Hold rating, Jefferies initiated coverage on ExlService Holdings Inc EXLS. The price target seems to have been set at $33.00 for ExlService Holdings. In the second quarter, ExlService Holdings showed an EPS of $0.36, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $38.23 and a 52-week-low of $27.16. At the end of the last trading period, ExlService Holdings closed at $29.15.

Goldman Sachs initiated coverage on Interactive Brokers Group Inc IBKR with a Neutral rating. The price target for Interactive Brokers Gr is set to $97.00. Interactive Brokers Gr earned $1.32 in the second quarter, compared to $0.84 in the year-ago quarter. At the moment, the stock has a 52-week-high of $95.59 and a 52-week-low of $62.72. Interactive Brokers Gr closed at $90.63 at the end of the last trading period.

Barclays initiated coverage on Super Micro Computer Inc SMCI with an Overweight rating. The price target for Super Micro Computer is set to $327.00. For the fourth quarter, Super Micro Computer had an EPS of $3.51, compared to year-ago quarter EPS of $2.62. The current stock performance of Super Micro Computer shows a 52-week-high of $357.00 and a 52-week-low of $50.36. Moreover, at the end of the last trading period, the closing price was at $244.30.

JMP Securities initiated coverage on Ryan Specialty Holdings Inc RYAN with a Market Perform rating. In the second quarter, Ryan Specialty Hldgs showed an EPS of $0.45, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $49.77 and a 52-week-low of $32.14. At the end of the last trading period, Ryan Specialty Hldgs closed at $49.27.

With a Buy rating, B. Riley Securities initiated coverage on Bitcoin Depot Inc BTM. The price target seems to have been set at $6.00 for Bitcoin Depot. In the second quarter, Bitcoin Depot showed an EPS of $0.69, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $4.49 and a 52-week-low of $2.57. At the end of the last trading period, Bitcoin Depot closed at $2.71.

With a Buy rating, B. Riley Securities initiated coverage on CPI Card Group Inc PMTS. The price target seems to have been set at $31.00 for CPI Card. CPI Card earned $0.55 in the second quarter, compared to $0.52 in the year-ago quarter. The current stock performance of CPI Card shows a 52-week-high of $45.95 and a 52-week-low of $15.25. Moreover, at the end of the last trading period, the closing price was at $18.23.

See all analyst ratings initiations.