Benzinga's Top Ratings Upgrades, Downgrades For September 26, 2023

Upgrades

According to Citigroup, the prior rating for Steel Dynamics Inc STLD was changed from Neutral to Buy. For the second quarter, Steel Dynamics had an EPS of $4.81, compared to year-ago quarter EPS of $6.73. The current stock performance of Steel Dynamics shows a 52-week-high of $136.46 and a 52-week-low of $69.12. Moreover, at the end of the last trading period, the closing price was at $104.39.

According to Northland Capital Markets, the prior rating for Teradyne Inc TER was changed from Market Perform to Outperform. For the second quarter, Teradyne had an EPS of $0.79, compared to year-ago quarter EPS of $1.21. At the moment, the stock has a 52-week-high of $119.20 and a 52-week-low of $67.81. Teradyne closed at $96.44 at the end of the last trading period.

BTIG upgraded the previous rating for Hudson Pacific Properties Inc HPP from Neutral to Buy. In the second quarter, Hudson Pacific Properties showed an EPS of $0.24, compared to $0.51 from the year-ago quarter. The stock has a 52-week-high of $12.22 and a 52-week-low of $4.04. At the end of the last trading period, Hudson Pacific Properties closed at $6.61.

According to Oppenheimer, the prior rating for Edwards Lifesciences Corp EW was changed from Perform to Outperform. In the second quarter, Edwards Lifesciences showed an EPS of $0.66, compared to $0.63 from the year-ago quarter. The current stock performance of Edwards Lifesciences shows a 52-week-high of $94.87 and a 52-week-low of $67.13. Moreover, at the end of the last trading period, the closing price was at $69.46.

Gordon Haskett upgraded the previous rating for Redfin Corp RDFN from Underperform to Hold. For the second quarter, Redfin had an EPS of $0.25, compared to year-ago quarter EPS of $0.73. At the moment, the stock has a 52-week-high of $17.68 and a 52-week-low of $3.08. Redfin closed at $6.95 at the end of the last trading period.

Gordon Haskett upgraded the previous rating for Opendoor Technologies Inc OPEN from Underperform to Hold. For the second quarter, Opendoor Technologies had an EPS of $0.30, compared to year-ago quarter EPS of $0.20. The current stock performance of Opendoor Technologies shows a 52-week-high of $5.41 and a 52-week-low of $0.92. Moreover, at the end of the last trading period, the closing price was at $2.43.

According to Jefferies, the prior rating for Flowserve Corp FLS was changed from Hold to Buy. For the second quarter, Flowserve had an EPS of $0.52, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $41.02 and a 52-week-low of $23.89. Flowserve closed at $39.24 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Barclays PLC BCS from Equal-Weight to Overweight. For the second quarter, Barclays had an EPS of $0.43, compared to year-ago quarter EPS of $0.27. The current stock performance of Barclays shows a 52-week-high of $9.44 and a 52-week-low of $5.88. Moreover, at the end of the last trading period, the closing price was at $7.62.

UBS upgraded the previous rating for SiteOne Landscape Supply Inc SITE from Neutral to Buy. For the second quarter, SiteOne Landscape Supply had an EPS of $2.71, compared to year-ago quarter EPS of $3.07. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $176.16 and a 52-week-low of $97.51. Moreover, at the end of the last trading period, the closing price was at $157.59.

According to JP Morgan, the prior rating for DraftKings Inc DKNG was changed from Neutral to Overweight. For the second quarter, DraftKings had an EPS of $0.14, compared to year-ago quarter EPS of $0.29. At the moment, the stock has a 52-week-high of $34.49 and a 52-week-low of $10.70. DraftKings closed at $27.36 at the end of the last trading period.

According to Stifel, the prior rating for Wingstop Inc WING was changed from Hold to Buy. Wingstop earned $0.57 in the second quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Wingstop shows a 52-week-high of $223.77 and a 52-week-low of $113.20. Moreover, at the end of the last trading period, the closing price was at $173.52.

See all analyst ratings upgrades.

Downgrades

Odeon Capital downgraded the previous rating for Comerica Inc CMA from Buy to Hold. In the second quarter, Comerica showed an EPS of $2.01, compared to $1.92 from the year-ago quarter. At the moment, the stock has a 52-week-high of $77.34 and a 52-week-low of $28.40. Comerica closed at $41.45 at the end of the last trading period.

According to Jefferies, the prior rating for Carlisle Companies Inc CSL was changed from Buy to Hold. For the second quarter, Carlisle Companies had an EPS of $5.18, compared to year-ago quarter EPS of $6.15. The stock has a 52-week-high of $301.45 and a 52-week-low of $203.66. At the end of the last trading period, Carlisle Companies closed at $255.68.

Jefferies downgraded the previous rating for Nordson Corp NDSN from Buy to Hold. In the third quarter, Nordson showed an EPS of $2.35, compared to $2.49 from the year-ago quarter. The stock has a 52-week-high of $253.40 and a 52-week-low of $202.57. At the end of the last trading period, Nordson closed at $224.26.

Wells Fargo downgraded the previous rating for Olin Corp OLN from Overweight to Equal-Weight. Olin earned $1.13 in the second quarter, compared to $2.76 in the year-ago quarter. The current stock performance of Olin shows a 52-week-high of $64.70 and a 52-week-low of $41.34. Moreover, at the end of the last trading period, the closing price was at $46.74.

According to BMO Capital, the prior rating for W.P. Carey Inc WPC was changed from Outperform to Market Perform. For the second quarter, W.P. Carey had an EPS of $1.36, compared to year-ago quarter EPS of $1.31. The current stock performance of W.P. Carey shows a 52-week-high of $85.94 and a 52-week-low of $55.92. Moreover, at the end of the last trading period, the closing price was at $56.66.

According to Baird, the prior rating for Frequency Therapeutics Inc FREQ was changed from Outperform to Neutral. Frequency Therapeutics earned $0.30 in the second quarter, compared to $0.61 in the year-ago quarter. The stock has a 52-week-high of $5.59 and a 52-week-low of $0.33. At the end of the last trading period, Frequency Therapeutics closed at $0.36.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Citigroup initiated coverage on Hesai Group HSAI. The price target seems to have been set at $12.90 for Hesai Gr. For the second quarter, Hesai Gr had an EPS of $0.04, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $30.36 and a 52-week-low of $7.35. Hesai Gr closed at $10.51 at the end of the last trading period.

With a Neutral rating, Compass Point initiated coverage on Boston Properties Inc BXP. The price target seems to have been set at $65.00 for Boston Props. For the second quarter, Boston Props had an EPS of $1.86, compared to year-ago quarter EPS of $1.94. The stock has a 52-week-high of $79.42 and a 52-week-low of $46.18. At the end of the last trading period, Boston Props closed at $59.64.

With a Sell rating, Compass Point initiated coverage on SL Green Realty Corp SLG. The price target seems to have been set at $27.00 for SL Green Realty. For the second quarter, SL Green Realty had an EPS of $1.43, compared to year-ago quarter EPS of $1.87. At the moment, the stock has a 52-week-high of $44.65 and a 52-week-low of $19.06. SL Green Realty closed at $36.57 at the end of the last trading period.

Compass Point initiated coverage on Vornado Realty Trust VNO with a Neutral rating. The price target for Vornado Realty is set to $25.00. Vornado Realty earned $0.72 in the second quarter, compared to $0.83 in the year-ago quarter. The current stock performance of Vornado Realty shows a 52-week-high of $26.76 and a 52-week-low of $12.31. Moreover, at the end of the last trading period, the closing price was at $22.25.

HC Wainwright & Co. initiated coverage on Exelixis Inc EXEL with a Buy rating. The price target for Exelixis is set to $28.00. In the second quarter, Exelixis showed an EPS of $0.31, compared to $0.28 from the year-ago quarter. The current stock performance of Exelixis shows a 52-week-high of $22.80 and a 52-week-low of $14.88. Moreover, at the end of the last trading period, the closing price was at $21.83.

Piper Sandler initiated coverage on Foot Locker Inc FL with a Neutral rating. The price target for Foot Locker is set to $19.00. In the second quarter, Foot Locker showed an EPS of $0.04, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $47.22 and a 52-week-low of $14.84. At the end of the last trading period, Foot Locker closed at $17.44.

RBC Capital initiated coverage on Utz Brands Inc UTZ with an Outperform rating. The price target for Utz Brands is set to $17.00. In the second quarter, Utz Brands showed an EPS of $0.13, compared to $0.13 from the year-ago quarter. The current stock performance of Utz Brands shows a 52-week-high of $19.12 and a 52-week-low of $13.53. Moreover, at the end of the last trading period, the closing price was at $13.56.

With a Buy rating, HSBC initiated coverage on Bumble Inc BMBL. The price target seems to have been set at $20.30 for Bumble. Bumble earned $0.05 in the second quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.92 and a 52-week-low of $14.28. Bumble closed at $14.80 at the end of the last trading period.

HSBC initiated coverage on Match Group Inc MTCH with a Hold rating. The price target for Match Group is set to $47.10. For the second quarter, Match Group had an EPS of $0.48, compared to year-ago quarter EPS of $0.70. The current stock performance of Match Group shows a 52-week-high of $54.60 and a 52-week-low of $30.73. Moreover, at the end of the last trading period, the closing price was at $41.50.

HSBC initiated coverage on Pinterest Inc PINS with a Buy rating. The price target for Pinterest is set to $32.10. Pinterest earned $0.21 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Pinterest shows a 52-week-high of $30.86 and a 52-week-low of $20.60. Moreover, at the end of the last trading period, the closing price was at $26.06.

HSBC initiated coverage on Snap Inc SNAP with a Reduce rating. The price target for Snap is set to $7.50. For the second quarter, Snap had an EPS of $0.02, compared to year-ago quarter EPS of $0.02. The current stock performance of Snap shows a 52-week-high of $13.89 and a 52-week-low of $7.33. Moreover, at the end of the last trading period, the closing price was at $8.60.

With an Overweight rating, Stephens & Co. initiated coverage on Stevanato Group SPA STVN. The price target seems to have been set at $33.00 for Stevanato Gr. 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 $26.91.

See all analyst ratings initiations.