Benzinga's Top Ratings Upgrades, Downgrades For October 4, 2023

Upgrades

For Matson Inc MATX, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. Matson earned $2.26 in the second quarter, compared to $9.49 in the year-ago quarter. The stock has a 52-week-high of $97.49 and a 52-week-low of $56.51. At the end of the last trading period, Matson closed at $87.07.

Wolfe Research upgraded the previous rating for Hub Group Inc HUBG from Peer Perform to Outperform. In the second quarter, Hub Group showed an EPS of $1.44, compared to $3.03 from the year-ago quarter. The stock has a 52-week-high of $104.67 and a 52-week-low of $67.95. At the end of the last trading period, Hub Group closed at $77.31.

Wells Fargo upgraded the previous rating for Life Time Group Holdings Inc LTH from Underweight to Equal-Weight. For the second quarter, Life Time Group Hldgs had an EPS of $0.08, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $22.41 and a 52-week-low of $8.75. At the end of the last trading period, Life Time Group Hldgs closed at $14.90.

Barclays upgraded the previous rating for Olaplex Holdings Inc OLPX from Underweight to Equal-Weight. In the second quarter, Olaplex Hldgs showed an EPS of $0.03, compared to $0.14 from the year-ago quarter. The current stock performance of Olaplex Hldgs shows a 52-week-high of $10.58 and a 52-week-low of $1.83. Moreover, at the end of the last trading period, the closing price was at $1.87.

According to B of A Securities, the prior rating for ODDITY Tech Ltd ODD was changed from Neutral to Buy. For the second quarter, ODDITY Tech had an EPS of $0.56, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $56.00 and a 52-week-low of $25.81. ODDITY Tech closed at $29.57 at the end of the last trading period.

According to CFRA, the prior rating for General Motors Co GM was changed from Strong Sell to Sell. General Motors earned $1.91 in the second quarter, compared to $1.14 in the year-ago quarter. The current stock performance of General Motors shows a 52-week-high of $43.63 and a 52-week-low of $31.11. Moreover, at the end of the last trading period, the closing price was at $31.38.

According to UBS, the prior rating for America Movil SAB de CV AMX was changed from Neutral to Buy. In the second quarter, America Movil showed an EPS of $0.46, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $23.07 and a 52-week-low of $16.14. At the end of the last trading period, America Movil closed at $16.43.

According to UBS, the prior rating for Fluor Corp FLR was changed from Neutral to Buy. Fluor earned $0.76 in the second quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Fluor shows a 52-week-high of $38.87 and a 52-week-low of $25.69. Moreover, at the end of the last trading period, the closing price was at $34.62.

According to Wolfe Research, the prior rating for KeyCorp KEY was changed from Underperform to Peer Perform. For the second quarter, KeyCorp had an EPS of $0.27, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $20.30 and a 52-week-low of $8.54. KeyCorp closed at $10.07 at the end of the last trading period.

B of A Securities upgraded the previous rating for Orange SA ORAN from Underperform to Buy. The current stock performance of Orange shows a 52-week-high of $13.08 and a 52-week-low of $8.81. Moreover, at the end of the last trading period, the closing price was at $11.31.

According to Goldman Sachs, the prior rating for RELX PLC RELX was changed from Neutral to Buy. NoneAt the moment, the stock has a 52-week-high of $35.14 and a 52-week-low of $23.77. RELX closed at $33.31 at the end of the last trading period.

For LyondellBasell Industries NV LYB, Citigroup upgraded the previous rating of Neutral to Buy. In the second quarter, LyondellBasell Industries showed an EPS of $2.44, compared to $5.19 from the year-ago quarter. The current stock performance of LyondellBasell Industries shows a 52-week-high of $102.05 and a 52-week-low of $75.25. Moreover, at the end of the last trading period, the closing price was at $93.79.

See all analyst ratings upgrades.

Downgrades

Truist Securities downgraded the previous rating for POINT Biopharma Global Inc PNT from Buy to Hold. For the second quarter, POINT Biopharma Global had an EPS of $0.24, compared to year-ago quarter EPS of $0.27. At the moment, the stock has a 52-week-high of $12.41 and a 52-week-low of $5.59. POINT Biopharma Global closed at $12.36 at the end of the last trading period.

According to Truist Securities, the prior rating for Sunnova Energy International Inc NOVA was changed from Buy to Hold. For the second quarter, Sunnova Energy Intl had an EPS of $0.74, compared to year-ago quarter EPS of $0.32. The current stock performance of Sunnova Energy Intl shows a 52-week-high of $24.81 and a 52-week-low of $9.25. Moreover, at the end of the last trading period, the closing price was at $9.41.

According to Truist Securities, the prior rating for Sunrun Inc RUN was changed from Buy to Hold. In the second quarter, Sunrun showed an EPS of $0.25, compared to $0.06 from the year-ago quarter. The current stock performance of Sunrun shows a 52-week-high of $33.33 and a 52-week-low of $10.32. Moreover, at the end of the last trading period, the closing price was at $10.66.

According to Wolfe Research, the prior rating for Ryder System Inc R was changed from Outperform to Peer Perform. Ryder System earned $3.61 in the second quarter, compared to $4.43 in the year-ago quarter. The current stock performance of Ryder System shows a 52-week-high of $107.90 and a 52-week-low of $72.73. Moreover, at the end of the last trading period, the closing price was at $104.51.

For POINT Biopharma Global Inc PNT, JonesTrading downgraded the previous rating of Buy to Hold. For the second quarter, POINT Biopharma Global had an EPS of $0.24, compared to year-ago quarter EPS of $0.27. The stock has a 52-week-high of $12.41 and a 52-week-low of $5.59. At the end of the last trading period, POINT Biopharma Global closed at $12.36.

For Newmark Group Inc NMRK, Raymond James downgraded the previous rating of Outperform to Market Perform. In the second quarter, Newmark Group showed an EPS of $0.18, compared to $0.46 from the year-ago quarter. The current stock performance of Newmark Group shows a 52-week-high of $9.48 and a 52-week-low of $5.07. Moreover, at the end of the last trading period, the closing price was at $5.86.

For Trinseo PLC TSE, Jefferies downgraded the previous rating of Buy to Hold. Trinseo earned $1.92 in the second quarter, compared to $1.79 in the year-ago quarter. The stock has a 52-week-high of $30.54 and a 52-week-low of $7.43. At the end of the last trading period, Trinseo closed at $8.29.

According to Exane BNP Paribas, the prior rating for ON Semiconductor Corp ON was changed from Outperform to Neutral. ON Semiconductor earned $1.33 in the second quarter, compared to $1.34 in the year-ago quarter. The stock has a 52-week-high of $111.35 and a 52-week-low of $54.93. At the end of the last trading period, ON Semiconductor closed at $89.76.

For PPL Corp PPL, UBS downgraded the previous rating of Buy to Neutral. In the second quarter, PPL showed an EPS of $0.29, compared to $0.30 from the year-ago quarter. The current stock performance of PPL shows a 52-week-high of $31.74 and a 52-week-low of $22.20. Moreover, at the end of the last trading period, the closing price was at $22.98.

Wells Fargo downgraded the previous rating for First Interstate BancSystem Inc FIBK from Overweight to Equal-Weight. For the second quarter, First Interstate BancSys had an EPS of $0.65, compared to year-ago quarter EPS of $0.59. The current stock performance of First Interstate BancSys shows a 52-week-high of $46.34 and a 52-week-low of $21.03. Moreover, at the end of the last trading period, the closing price was at $23.91.

According to Wells Fargo, the prior rating for First Horizon Corp FHN was changed from Overweight to Equal-Weight. In the second quarter, First Horizon showed an EPS of $0.39, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $24.90 and a 52-week-low of $8.99. At the end of the last trading period, First Horizon closed at $10.37.

According to Wells Fargo, the prior rating for Banc of California Inc BANC was changed from Overweight to Equal-Weight. Banc of California earned $0.32 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $18.26 and a 52-week-low of $9.72. At the end of the last trading period, Banc of California closed at $11.67.

According to Wells Fargo, the prior rating for Associated Banc-Corp ASB was changed from Overweight to Equal-Weight. Associated Banc earned $0.56 in the second quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $25.48 and a 52-week-low of $14.47. Associated Banc closed at $16.46 at the end of the last trading period.

Keybanc downgraded the previous rating for Apple Inc AAPL from Overweight to Sector Weight. In the third quarter, Apple showed an EPS of $1.26, compared to $1.20 from the year-ago quarter. The current stock performance of Apple shows a 52-week-high of $198.23 and a 52-week-low of $124.17. Moreover, at the end of the last trading period, the closing price was at $172.40.

For B&G Foods Inc BGS, Piper Sandler downgraded the previous rating of Neutral to Underweight. In the second quarter, B&G Foods showed an EPS of $0.15, compared to $0.07 from the year-ago quarter. The current stock performance of B&G Foods shows a 52-week-high of $16.87 and a 52-week-low of $9.41. Moreover, at the end of the last trading period, the closing price was at $9.48.

See all analyst ratings downgrades.

Initiations

With a Buy rating, UBS initiated coverage on Fiverr International Ltd FVRR. The price target seems to have been set at $33.00 for Fiverr Intl. For the second quarter, Fiverr Intl had an EPS of $0.49, compared to year-ago quarter EPS of $0.12. The stock has a 52-week-high of $47.66 and a 52-week-low of $23.05. At the end of the last trading period, Fiverr Intl closed at $24.16.

UBS initiated coverage on Upwork Inc UPWK with a Neutral rating. The price target for Upwork is set to $13.00. In the second quarter, Upwork showed an EPS of $0.10, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $15.88 and a 52-week-low of $6.56. At the end of the last trading period, Upwork closed at $10.91.

UBS initiated coverage on ZipRecruiter Inc ZIP with a Neutral rating. The price target for ZipRecruiter is set to $13.00. ZipRecruiter earned $0.14 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $24.05 and a 52-week-low of $11.40. At the end of the last trading period, ZipRecruiter closed at $11.82.

Stifel initiated coverage on DT Midstream Inc DTM with a Buy rating. The price target for DT Midstream is set to $60.00. DT Midstream earned $0.93 in the second quarter, compared to $0.80 in the year-ago quarter. The current stock performance of DT Midstream shows a 52-week-high of $61.02 and a 52-week-low of $45.10. Moreover, at the end of the last trading period, the closing price was at $51.47.

See all analyst ratings initiations.