Benzinga's Top Ratings Upgrades, Downgrades For September 27, 2023

Upgrades

For Telos Corp TLS, Northland Capital Markets upgraded the previous rating of Market Perform to Outperform. In the second quarter, Telos showed an EPS of $0.03, compared to $0.04 from the year-ago quarter. The current stock performance of Telos shows a 52-week-high of $11.23 and a 52-week-low of $1.53. Moreover, at the end of the last trading period, the closing price was at $1.94.

According to Maxim Group, the prior rating for Cyclo Therapeutics Inc CYTH was changed from Hold to Buy. Cyclo Therapeutics earned $0.33 in the second quarter, compared to $0.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.57 and a 52-week-low of $0.67. Cyclo Therapeutics closed at $1.46 at the end of the last trading period.

According to DA Davidson, the prior rating for REV Group Inc REVG was changed from Neutral to Buy. In the third quarter, REV Group showed an EPS of $0.35, compared to $0.24 from the year-ago quarter. The current stock performance of REV Group shows a 52-week-high of $16.36 and a 52-week-low of $9.85. Moreover, at the end of the last trading period, the closing price was at $15.17.

For Horizon Technology Finance Corp HRZN, Compass Point upgraded the previous rating of Sell to Neutral. For the second quarter, Horizon Tech Finance had an EPS of $0.54, compared to year-ago quarter EPS of $0.35. At the moment, the stock has a 52-week-high of $13.45 and a 52-week-low of $9.68. Horizon Tech Finance closed at $11.38 at the end of the last trading period.

For WW International Inc WW, Craig-Hallum upgraded the previous rating of Sell to Hold. In the second quarter, WW International showed an EPS of $0.04, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.38 and a 52-week-low of $3.28. WW International closed at $10.29 at the end of the last trading period.

For Kosmos Energy Ltd KOS, B of A Securities upgraded the previous rating of Neutral to Buy. For the second quarter, Kosmos Energy had an EPS of $0.06, compared to year-ago quarter EPS of $0.28. The current stock performance of Kosmos Energy shows a 52-week-high of $8.55 and a 52-week-low of $4.64. Moreover, at the end of the last trading period, the closing price was at $7.70.

For Jack Henry & Associates Inc JKHY, DA Davidson upgraded the previous rating of Neutral to Buy. In the fourth quarter, Jack Henry & Associates showed an EPS of $1.34, compared to $1.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $202.60 and a 52-week-low of $139.28. Jack Henry & Associates closed at $147.54 at the end of the last trading period.

For XPO Inc XPO, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. In the second quarter, XPO showed an EPS of $0.71, compared to $1.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $76.77 and a 52-week-low of $24.84. XPO closed at $68.04 at the end of the last trading period.

According to Piper Sandler, the prior rating for Guardant Health Inc GH was changed from Neutral to Overweight. In the second quarter, Guardant Health showed an EPS of $0.82, compared to $1.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $62.55 and a 52-week-low of $20.67. Guardant Health closed at $25.80 at the end of the last trading period.

For Packaging Corp of America PKG, Jefferies upgraded the previous rating of Underperform to Hold. Packaging Corp of America earned $2.31 in the second quarter, compared to $3.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $158.66 and a 52-week-low of $110.59. Packaging Corp of America closed at $149.12 at the end of the last trading period.

According to Jefferies, the prior rating for International Paper Co IP was changed from Underperform to Hold. International Paper earned $0.59 in the second quarter, compared to $1.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $41.89 and a 52-week-low of $29.00. International Paper closed at $34.53 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Commerce Bancshares Inc CBSH was changed from Underweight to Equal-Weight. In the second quarter, Commerce Bancshares showed an EPS of $1.02, compared to $0.92 from the year-ago quarter. The stock has a 52-week-high of $71.87 and a 52-week-low of $45.55. At the end of the last trading period, Commerce Bancshares closed at $46.98.

For DocuSign Inc DOCU, HSBC upgraded the previous rating of Reduce to Hold. For the second quarter, DocuSign had an EPS of $0.72, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $69.45 and a 52-week-low of $39.59. At the end of the last trading period, DocuSign closed at $41.04.

According to HSBC, the prior rating for Johnson Controls International PLC JCI was changed from Hold to Buy. Johnson Controls Intl earned $1.03 in the third quarter, compared to $0.85 in the year-ago quarter. The stock has a 52-week-high of $70.43 and a 52-week-low of $48.84. At the end of the last trading period, Johnson Controls Intl closed at $54.18.

For Liberty Latin America Ltd LILA, Scotiabank upgraded the previous rating of Sector Underperform to Sector Perform. In the second quarter, Liberty Latin America showed an EPS of $0.17, compared to $0.42 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.01 and a 52-week-low of $5.90. Liberty Latin America closed at $7.89 at the end of the last trading period.

According to Raymond James, the prior rating for Immunovant Inc IMVT was changed from Market Perform to Outperform. For the first quarter, Immunovant had an EPS of $0.57, compared to year-ago quarter EPS of $0.35. The current stock performance of Immunovant shows a 52-week-high of $41.72 and a 52-week-low of $4.27. Moreover, at the end of the last trading period, the closing price was at $39.96.

See all analyst ratings upgrades.

Downgrades

For Byrna Technologies Inc BYRN, Dawson James downgraded the previous rating of Buy to Neutral. For the second quarter, Byrna Technologies had an EPS of $0.03, compared to year-ago quarter EPS of $0.05. The current stock performance of Byrna Technologies shows a 52-week-high of $10.38 and a 52-week-low of $2.60. Moreover, at the end of the last trading period, the closing price was at $2.75.

According to DA Davidson, the prior rating for Wabash National Corp WNC was changed from Buy to Neutral. In the second quarter, Wabash National showed an EPS of $1.54, compared to $0.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.10 and a 52-week-low of $15.06. Wabash National closed at $22.15 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Traeger Inc COOK from Equal-Weight to Underweight. Traeger earned $0.04 in the second quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.70 and a 52-week-low of $2.48. Traeger closed at $2.83 at the end of the last trading period.

According to Gordon Haskett, the prior rating for Tractor Supply Co TSCO was changed from Buy to Accumulate. In the second quarter, Tractor Supply showed an EPS of $3.83, compared to $3.53 from the year-ago quarter. The stock has a 52-week-high of $251.17 and a 52-week-low of $181.52. At the end of the last trading period, Tractor Supply closed at $203.03.

According to Truist Securities, the prior rating for SouthState Corp SSB was changed from Buy to Hold. In the second quarter, SouthState showed an EPS of $1.63, compared to $1.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $91.53 and a 52-week-low of $59.51. SouthState closed at $67.42 at the end of the last trading period.

Gordon Haskett downgraded the previous rating for Burlington Stores Inc BURL from Buy to Hold. Burlington Stores earned $0.60 in the second quarter, compared to $0.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $239.94 and a 52-week-low of $106.81. Burlington Stores closed at $132.40 at the end of the last trading period.

According to Gordon Haskett, the prior rating for Macy's Inc M was changed from Buy to Hold. In the second quarter, Macy's showed an EPS of $0.26, compared to $1.00 from the year-ago quarter. The current stock performance of Macy's shows a 52-week-high of $25.12 and a 52-week-low of $10.66. Moreover, at the end of the last trading period, the closing price was at $10.84.

For TrueCar Inc TRUE, BTIG downgraded the previous rating of Buy to Neutral. In the second quarter, TrueCar showed an EPS of $0.23, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.49 and a 52-week-low of $1.30. TrueCar closed at $2.24 at the end of the last trading period.

According to HC Wainwright & Co., the prior rating for Intercept Pharmaceuticals Inc ICPT was changed from Buy to Neutral. In the second quarter, Intercept Pharma showed an EPS of $0.14, compared to $0.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.86 and a 52-week-low of $8.82. Intercept Pharma closed at $18.71 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Zions Bancorp NA ZION was changed from Equal-Weight to Underweight. For the second quarter, Zions Bancorp had an EPS of $1.11, compared to year-ago quarter EPS of $1.29. At the moment, the stock has a 52-week-high of $56.10 and a 52-week-low of $18.26. Zions Bancorp closed at $33.99 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Valley National Bancorp VLY was changed from Equal-Weight to Underweight. For the second quarter, Valley Ntl had an EPS of $0.28, compared to year-ago quarter EPS of $0.32. The current stock performance of Valley Ntl shows a 52-week-high of $13.06 and a 52-week-low of $6.38. Moreover, at the end of the last trading period, the closing price was at $8.48.

According to Raymond James, the prior rating for Byrna Technologies Inc BYRN was changed from Strong Buy to Market Perform. Byrna Technologies earned $0.03 in the second quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Byrna Technologies shows a 52-week-high of $10.38 and a 52-week-low of $2.60. Moreover, at the end of the last trading period, the closing price was at $2.75.

According to BTIG, the prior rating for Splunk Inc SPLK was changed from Buy to Neutral. Splunk earned $0.71 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $145.90 and a 52-week-low of $65.00. At the end of the last trading period, Splunk closed at $145.65.

Canaccord Genuity downgraded the previous rating for Intercept Pharmaceuticals Inc ICPT from Buy to Hold. For the second quarter, Intercept Pharma had an EPS of $0.14, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $21.86 and a 52-week-low of $8.82. Intercept Pharma closed at $18.71 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Noble Capital Markets initiated coverage on Eledon Pharmaceuticals Inc ELDN with an Outperform rating. The price target for Eledon Pharma is set to $10.00. For the second quarter, Eledon Pharma had an EPS of $0.40, compared to year-ago quarter EPS of $0.65. At the moment, the stock has a 52-week-high of $3.70 and a 52-week-low of $1.08. Eledon Pharma closed at $1.25 at the end of the last trading period.

With an Outperform rating, TD Cowen initiated coverage on Levi Strauss & Co LEVI. The price target seems to have been set at $16.00 for Levi Strauss. In the second quarter, Levi Strauss showed an EPS of $0.04, compared to $0.29 from the year-ago quarter. The current stock performance of Levi Strauss shows a 52-week-high of $19.36 and a 52-week-low of $12.78. Moreover, at the end of the last trading period, the closing price was at $12.92.

Janney Montgomery Scott initiated coverage on ChoiceOne Financial Services Inc COFS with a Neutral rating. The price target for ChoiceOne Finl Servs is set to $24.00. In the second quarter, ChoiceOne Finl Servs showed an EPS of $0.69, compared to $0.75 from the year-ago quarter. The stock has a 52-week-high of $29.99 and a 52-week-low of $20.33. At the end of the last trading period, ChoiceOne Finl Servs closed at $22.03.

With a Buy rating, B of A Securities initiated coverage on Leonardo DRS Inc DRS. The price target seems to have been set at $20.00 for Leonardo DRS. Leonardo DRS earned $0.15 in the second quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Leonardo DRS shows a 52-week-high of $17.96 and a 52-week-low of $9.11. Moreover, at the end of the last trading period, the closing price was at $16.41.

Morgan Stanley initiated coverage on Hasbro Inc HAS with an Overweight rating. The price target for Hasbro is set to $84.00. For the second quarter, Hasbro had an EPS of $0.49, compared to year-ago quarter EPS of $1.15. The stock has a 52-week-high of $73.58 and a 52-week-low of $45.75. At the end of the last trading period, Hasbro closed at $65.27.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Brunswick Corp BC. The price target seems to have been set at $84.00 for Brunswick. Brunswick earned $2.35 in the second quarter, compared to $2.82 in the year-ago quarter. The current stock performance of Brunswick shows a 52-week-high of $93.15 and a 52-week-low of $64.57. Moreover, at the end of the last trading period, the closing price was at $78.37.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Polaris Inc PII. The price target seems to have been set at $120.00 for Polaris. Polaris earned $2.42 in the second quarter, compared to $2.42 in the year-ago quarter. The current stock performance of Polaris shows a 52-week-high of $138.49 and a 52-week-low of $91.89. Moreover, at the end of the last trading period, the closing price was at $102.28.

RBC Capital initiated coverage on WEC Energy Group Inc WEC with a Sector Perform rating. The price target for WEC Energy Group is set to $95.00. WEC Energy Group earned $0.92 in the second quarter, compared to $0.91 in the year-ago quarter. The current stock performance of WEC Energy Group shows a 52-week-high of $101.00 and a 52-week-low of $80.91. Moreover, at the end of the last trading period, the closing price was at $81.64.

UBS initiated coverage on e.l.f. Beauty Inc ELF with a Buy rating. The price target for e.l.f. Beauty is set to $138.00. For the first quarter, e.l.f. Beauty had an EPS of $1.10, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $139.85 and a 52-week-low of $36.84. e.l.f. Beauty closed at $109.29 at the end of the last trading period.

With a Buy rating, Berenberg initiated coverage on Twist Bioscience Corp TWST. The price target seems to have been set at $27.00 for Twist Bioscience. In the third quarter, Twist Bioscience showed an EPS of $1.01, compared to $1.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.49 and a 52-week-low of $11.46. Twist Bioscience closed at $19.87 at the end of the last trading period.

UBS initiated coverage on Blink Charging Co BLNK with a Buy rating. The price target for Blink Charging is set to $7.00. Blink Charging earned $0.44 in the second quarter, compared to $0.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.60 and a 52-week-low of $2.88. Blink Charging closed at $2.93 at the end of the last trading period.

UBS initiated coverage on Belden Inc BDC with a Buy rating. The price target for Belden is set to $115.00. For the second quarter, Belden had an EPS of $1.91, compared to year-ago quarter EPS of $1.60. The stock has a 52-week-high of $99.13 and a 52-week-low of $58.88. At the end of the last trading period, Belden closed at $92.31.

With a Buy rating, UBS initiated coverage on Vontier Corp VNT. The price target seems to have been set at $38.00 for Vontier. Vontier earned $0.67 in the second quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $33.08 and a 52-week-low of $16.55. At the end of the last trading period, Vontier closed at $29.85.

With a Sell rating, UBS initiated coverage on Lincoln Electric Holdings Inc LECO. The price target seems to have been set at $170.00 for Lincoln Electric Holdings. In the second quarter, Lincoln Electric Holdings showed an EPS of $2.44, compared to $2.18 from the year-ago quarter. The stock has a 52-week-high of $210.86 and a 52-week-low of $120.17. At the end of the last trading period, Lincoln Electric Holdings closed at $178.01.

UBS initiated coverage on Teledyne Technologies Inc TDY with a Buy rating. The price target for Teledyne Technologies is set to $495.00. For the second quarter, Teledyne Technologies had an EPS of $4.67, compared to year-ago quarter EPS of $4.43. The current stock performance of Teledyne Technologies shows a 52-week-high of $448.71 and a 52-week-low of $325.68. Moreover, at the end of the last trading period, the closing price was at $407.26.

UBS initiated coverage on ESAB Corp ESAB with a Neutral rating. The price target for ESAB is set to $78.00. In the second quarter, ESAB showed an EPS of $1.28, compared to $1.14 from the year-ago quarter. The stock has a 52-week-high of $74.15 and a 52-week-low of $32.20. At the end of the last trading period, ESAB closed at $69.18.

For Granite Ridge Resources Inc GRNT, Stephens & Co. initiated coverage, by setting the current rating at Overweight. For the second quarter, Granite Ridge Resources had an EPS of $0.19, compared to year-ago quarter EPS of $0.61. The stock has a 52-week-high of $13.76 and a 52-week-low of $4.82. At the end of the last trading period, Granite Ridge Resources closed at $6.01.

With an Overweight rating, Morgan Stanley initiated coverage on Mattel Inc MAT. The price target seems to have been set at $27.00 for Mattel. In the second quarter, Mattel showed an EPS of $0.10, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $22.64 and a 52-week-low of $15.36. At the end of the last trading period, Mattel closed at $21.22.

With a Market Outperform rating, JMP Securities initiated coverage on Allakos Inc ALLK. The price target seems to have been set at $11.00 for Allakos. Allakos earned $0.41 in the second quarter, compared to $0.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.73 and a 52-week-low of $2.02. Allakos closed at $2.16 at the end of the last trading period.

With a Buy rating, B. Riley Securities initiated coverage on Verastem Inc VSTM. The price target seems to have been set at $21.00 for Verastem. Verastem earned $1.06 in the second quarter, compared to $1.32 in the year-ago quarter. The current stock performance of Verastem shows a 52-week-high of $15.18 and a 52-week-low of $3.47. Moreover, at the end of the last trading period, the closing price was at $8.95.

With a Buy rating, UBS initiated coverage on ChargePoint Holdings Inc CHPT. The price target seems to have been set at $9.00 for ChargePoint Hldgs. ChargePoint Hldgs earned $0.24 in the second quarter, compared to $0.18 in the year-ago quarter. The current stock performance of ChargePoint Hldgs shows a 52-week-high of $16.59 and a 52-week-low of $4.73. Moreover, at the end of the last trading period, the closing price was at $4.85.

With a Buy rating, DA Davidson initiated coverage on SoundHound AI Inc SOUN. The price target seems to have been set at $5.00 for SoundHound AI. For the second quarter, SoundHound AI had an EPS of $0.10, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $5.11 and a 52-week-low of $0.93. At the end of the last trading period, SoundHound AI closed at $1.60.

William Blair initiated coverage on SharkNinja Inc SN with an Outperform rating. For the second quarter, SharkNinja had an EPS of $0.47, compared to year-ago quarter EPS of $0.33. The current stock performance of SharkNinja shows a 52-week-high of $52.90 and a 52-week-low of $25.84. Moreover, at the end of the last trading period, the closing price was at $43.00.

Canaccord Genuity initiated coverage on Progyny Inc PGNY with a Buy rating. The price target for Progyny is set to $46.00. Progyny earned $0.15 in the second quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.98 and a 52-week-low of $28.03. Progyny closed at $34.21 at the end of the last trading period.

With an Overweight rating, Stephens & Co. initiated coverage on Crescent Energy Co CRGY. The price target seems to have been set at $17.00 for Crescent Energy. For the second quarter, Crescent Energy had an EPS of $0.51, compared to year-ago quarter EPS of $1.30. The current stock performance of Crescent Energy shows a 52-week-high of $16.38 and a 52-week-low of $9.17. Moreover, at the end of the last trading period, the closing price was at $12.21.

Stifel initiated coverage on Nuvalent Inc NUVL with a Buy rating. The price target for Nuvalent is set to $65.00. For the second quarter, Nuvalent had an EPS of $0.51, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $50.59 and a 52-week-low of $16.23. Nuvalent closed at $42.08 at the end of the last trading period.

Mizuho initiated coverage on CRISPR Therapeutics AG CRSP with a Buy rating. The price target for CRISPR Therapeutics is set to $82.00. In the second quarter, CRISPR Therapeutics showed an EPS of $0.98, compared to $2.40 from the year-ago quarter. The stock has a 52-week-high of $72.00 and a 52-week-low of $38.94. At the end of the last trading period, CRISPR Therapeutics closed at $46.11.

See all analyst ratings initiations.