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

Upgrades

According to Craig-Hallum, the prior rating for MasTec Inc MTZ was changed from Hold to Buy. In the second quarter, MasTec showed an EPS of $0.89, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $123.33 and a 52-week-low of $62.44. MasTec closed at $67.02 at the end of the last trading period.

According to Janney Montgomery Scott, the prior rating for Central Valley Community Bancorp CVCY was changed from Neutral to Buy. In the second quarter, Central Valley Community showed an EPS of $0.54, compared to $0.56 from the year-ago quarter. The current stock performance of Central Valley Community shows a 52-week-high of $25.99 and a 52-week-low of $12.59. Moreover, at the end of the last trading period, the closing price was at $15.34.

B of A Securities upgraded the previous rating for Target Corp TGT from Neutral to Buy. Target earned $1.80 in the second quarter, compared to $0.39 in the year-ago quarter. The current stock performance of Target shows a 52-week-high of $181.70 and a 52-week-low of $102.93. Moreover, at the end of the last trading period, the closing price was at $108.99.

For Exxon Mobil Corp XOM, Truist Securities upgraded the previous rating of Hold to Buy. Exxon Mobil earned $1.94 in the second quarter, compared to $4.14 in the year-ago quarter. The stock has a 52-week-high of $120.70 and a 52-week-low of $96.76. At the end of the last trading period, Exxon Mobil closed at $106.49.

According to BTIG, the prior rating for Warby Parker Inc WRBY was changed from Neutral to Buy. Warby Parker earned $0.04 in the second quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $18.97 and a 52-week-low of $9.50. At the end of the last trading period, Warby Parker closed at $14.21.

JP Morgan upgraded the previous rating for Tanger Factory Outlet Centers Inc SKT from Underweight to Neutral. Tanger Factory Outlet earned $0.47 in the second quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Tanger Factory Outlet shows a 52-week-high of $25.23 and a 52-week-low of $14.85. Moreover, at the end of the last trading period, the closing price was at $23.11.

According to JP Morgan, the prior rating for Healthcare Realty Trust Inc HR was changed from Neutral to Overweight. In the second quarter, Healthcare Realty Trust showed an EPS of $0.39, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $22.36 and a 52-week-low of $14.15. At the end of the last trading period, Healthcare Realty Trust closed at $15.07.

For Core & Main Inc CNM, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. Core & Main earned $0.66 in the second quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $33.32 and a 52-week-low of $18.79. At the end of the last trading period, Core & Main closed at $31.18.

For Kimberly-Clark Corp KMB, Bernstein upgraded the previous rating of Underperform to Market Perform. Kimberly-Clark earned $1.65 in the second quarter, compared to $1.34 in the year-ago quarter. The current stock performance of Kimberly-Clark shows a 52-week-high of $147.87 and a 52-week-low of $110.38. Moreover, at the end of the last trading period, the closing price was at $119.35.

For Clorox Co CLX, Bernstein upgraded the previous rating of Underperform to Market Perform. In the fourth quarter, Clorox showed an EPS of $1.67, compared to $0.93 from the year-ago quarter. At the moment, the stock has a 52-week-high of $178.21 and a 52-week-low of $119.56. Clorox closed at $122.36 at the end of the last trading period.

According to Barclays, the prior rating for First Solar Inc FSLR was changed from Equal-Weight to Overweight. For the second quarter, First Solar had an EPS of $1.89, compared to year-ago quarter EPS of $0.52. The stock has a 52-week-high of $232.00 and a 52-week-low of $115.66. At the end of the last trading period, First Solar closed at $151.50.

JP Morgan upgraded the previous rating for Gold Fields Ltd GFI from Underweight to Neutral. NoneThe stock has a 52-week-high of $17.78 and a 52-week-low of $7.29. At the end of the last trading period, Gold Fields closed at $13.11.

According to DA Davidson, the prior rating for Dynatrace Inc DT was changed from Neutral to Buy. In the first quarter, Dynatrace showed an EPS of $0.27, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.87 and a 52-week-low of $31.55. Dynatrace closed at $48.18 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

RBC Capital downgraded the previous rating for ResMed Inc RMD from Outperform to Sector Perform. ResMed earned $1.60 in the fourth quarter, compared to $1.49 in the year-ago quarter. The stock has a 52-week-high of $243.52 and a 52-week-low of $136.20. At the end of the last trading period, ResMed closed at $144.23.

According to Exane BNP Paribas, the prior rating for Carvana Co CVNA was changed from Outperform to Neutral. In the second quarter, Carvana showed an EPS of $0.55, compared to $2.35 from the year-ago quarter. The stock has a 52-week-high of $57.19 and a 52-week-low of $3.56. At the end of the last trading period, Carvana closed at $37.87.

According to Cantor Fitzgerald, the prior rating for Hyliion Holdings Corp HYLN was changed from Neutral to Underweight. For the second quarter, Hyliion Holdings had an EPS of $0.19, compared to year-ago quarter EPS of $0.19. The current stock performance of Hyliion Holdings shows a 52-week-high of $3.88 and a 52-week-low of $0.52. Moreover, at the end of the last trading period, the closing price was at $0.65.

Mizuho downgraded the previous rating for Beyond Meat Inc BYND from Neutral to Underperform. In the second quarter, Beyond Meat showed an EPS of $0.83, compared to $1.53 from the year-ago quarter. The stock has a 52-week-high of $22.87 and a 52-week-low of $7.90. At the end of the last trading period, Beyond Meat closed at $8.84.

Redburn Atlantic downgraded the previous rating for E2open Parent Holdings Inc ETWO from Buy to Neutral. For the second quarter, E2open Parent Holdings had an EPS of $0.04, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $7.21 and a 52-week-low of $2.15. At the end of the last trading period, E2open Parent Holdings closed at $2.19.

According to JP Morgan, the prior rating for Welltower Inc WELL was changed from Overweight to Neutral. In the second quarter, Welltower showed an EPS of $0.90, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $86.72 and a 52-week-low of $56.54. At the end of the last trading period, Welltower closed at $85.81.

Wolfe Research downgraded the previous rating for Carrier Global Corp CARR from Peer Perform to Underperform. In the second quarter, Carrier Global showed an EPS of $0.79, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $60.04 and a 52-week-low of $33.11. At the end of the last trading period, Carrier Global closed at $56.04.

According to Goldman Sachs, the prior rating for Jack Henry & Associates Inc JKHY was changed from Neutral to Sell. 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 $147.18 at the end of the last trading period.

According to Keybanc, the prior rating for Netstreit Corp NTST was changed from Sector Weight to Underweight. In the second quarter, Netstreit showed an EPS of $0.30, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.64 and a 52-week-low of $14.49. Netstreit closed at $15.30 at the end of the last trading period.

For First Industrial Realty Trust Inc FR, Keybanc downgraded the previous rating of Sector Weight to Underweight. First Industrial Realty earned $0.61 in the second quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $55.51 and a 52-week-low of $42.94. At the end of the last trading period, First Industrial Realty closed at $47.08.

See all analyst ratings downgrades.

Initiations

With a Equal-Weight rating, Stephens & Co. initiated coverage on Alignment Healthcare Inc ALHC. The price target seems to have been set at $9.00 for Alignment Healthcare. For the second quarter, Alignment Healthcare had an EPS of $0.15, compared to year-ago quarter EPS of $0.06. The current stock performance of Alignment Healthcare shows a 52-week-high of $13.92 and a 52-week-low of $4.88. Moreover, at the end of the last trading period, the closing price was at $7.39.

Seaport Global initiated coverage on PayPal Holdings Inc PYPL with a Neutral rating. PayPal Holdings earned $1.16 in the second quarter, compared to $0.93 in the year-ago quarter. The current stock performance of PayPal Holdings shows a 52-week-high of $92.62 and a 52-week-low of $55.86. Moreover, at the end of the last trading period, the closing price was at $58.07.

With a Buy rating, Seaport Global initiated coverage on Shopify Inc SHOP. The price target seems to have been set at $64.00 for Shopify. Shopify earned $0.14 in the second quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.43 and a 52-week-low of $23.64. Shopify closed at $54.24 at the end of the last trading period.

For Visa Inc V, Seaport Global initiated coverage, by setting the current rating at Neutral. Visa earned $2.16 in the third quarter, compared to $1.98 in the year-ago quarter. The current stock performance of Visa shows a 52-week-high of $250.58 and a 52-week-low of $174.83. Moreover, at the end of the last trading period, the closing price was at $235.68.

With a Buy rating, Seaport Global initiated coverage on Mastercard Inc MA. The price target seems to have been set at $465.00 for Mastercard. In the second quarter, Mastercard showed an EPS of $2.89, compared to $2.56 from the year-ago quarter. The current stock performance of Mastercard shows a 52-week-high of $418.60 and a 52-week-low of $276.91. Moreover, at the end of the last trading period, the closing price was at $399.81.

Seaport Global initiated coverage on Global Payments Inc GPN with a Buy rating. The price target for Global Payments is set to $140.00. Global Payments earned $2.62 in the second quarter, compared to $2.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $129.69 and a 52-week-low of $92.28. Global Payments closed at $115.18 at the end of the last trading period.

With a Buy rating, Seaport Global initiated coverage on Flywire Corp FLYW. The price target seems to have been set at $40.00 for Flywire. For the second quarter, Flywire had an EPS of $0.15, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $35.80 and a 52-week-low of $17.17. Flywire closed at $30.54 at the end of the last trading period.

For Fidelity National Information Services Inc FIS, Seaport Global initiated coverage, by setting the current rating at Neutral. Fidelity National Info earned $1.55 in the second quarter, compared to $1.73 in the year-ago quarter. At the moment, the stock has a 52-week-high of $85.17 and a 52-week-low of $48.57. Fidelity National Info closed at $53.12 at the end of the last trading period.

For Block Inc SQ, Seaport Global initiated coverage, by setting the current rating at Neutral. Block earned $0.39 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $89.97 and a 52-week-low of $40.77. At the end of the last trading period, Block closed at $46.69.

With a Buy rating, Seaport Global initiated coverage on BILL Holdings Inc BILL. The price target seems to have been set at $144.00 for BILL Holdings. In the fourth quarter, BILL Holdings showed an EPS of $0.59, compared to $0.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $139.50 and a 52-week-low of $68.30. BILL Holdings closed at $114.61 at the end of the last trading period.

With a Buy rating, Citigroup initiated coverage on 2seventy bio Inc TSVT. The price target seems to have been set at $13.00 for 2seventy bio. In the second quarter, 2seventy bio showed an EPS of $0.83, compared to $2.02 from the year-ago quarter. The current stock performance of 2seventy bio shows a 52-week-high of $17.52 and a 52-week-low of $3.01. Moreover, at the end of the last trading period, the closing price was at $4.44.

Citigroup initiated coverage on Krystal Biotech Inc KRYS with a Buy rating. The price target for Krystal Biotech is set to $160.00. In the second quarter, Krystal Biotech showed an EPS of $1.25, compared to $1.10 from the year-ago quarter. The stock has a 52-week-high of $132.68 and a 52-week-low of $61.44. At the end of the last trading period, Krystal Biotech closed at $113.00.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Genius Sports Ltd GENI. The price target seems to have been set at $8.00 for Genius Sports. Genius Sports earned $0.05 in the second quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.45 and a 52-week-low of $3.12. Genius Sports closed at $5.19 at the end of the last trading period.

With a Buy rating, B of A Securities initiated coverage on MongoDB Inc MDB. The price target seems to have been set at $450.00 for MongoDB. In the second quarter, MongoDB showed an EPS of $0.93, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $439.00 and a 52-week-low of $135.17. MongoDB closed at $365.22 at the end of the last trading period.

With a Neutral rating, B of A Securities initiated coverage on Snowflake Inc SNOW. The price target seems to have been set at $195.00 for Snowflake. For the second quarter, Snowflake had an EPS of $0.22, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $193.94 and a 52-week-low of $119.27. At the end of the last trading period, Snowflake closed at $163.54.

With a Buy rating, Truist Securities initiated coverage on Rexford Industrial Realty Inc REXR. The price target seems to have been set at $56.00 for Rexford Industrial Realty. Rexford Industrial Realty earned $0.54 in the second quarter, compared to $0.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of $66.71 and a 52-week-low of $46.29. Rexford Industrial Realty closed at $49.56 at the end of the last trading period.

BMO Capital initiated coverage on Coursera Inc COUR with an Outperform rating. The price target for Coursera is set to $24.00. Coursera earned $0.00 in the second quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Coursera shows a 52-week-high of $19.36 and a 52-week-low of $9.91. Moreover, at the end of the last trading period, the closing price was at $19.00.

Redburn Atlantic initiated coverage on International Flavors & Fragrances Inc IFF with a Neutral rating. The price target for Intl Flavors & Fragrances is set to $60.00. For the second quarter, Intl Flavors & Fragrances had an EPS of $0.86, compared to year-ago quarter EPS of $1.54. The current stock performance of Intl Flavors & Fragrances shows a 52-week-high of $118.34 and a 52-week-low of $62.11. Moreover, at the end of the last trading period, the closing price was at $65.55.

With a Buy rating, HC Wainwright & Co. initiated coverage on PolyPid Ltd PYPD. The price target seems to have been set at $16.00 for PolyPid. For the second quarter, PolyPid had an EPS of $3.90, compared to year-ago quarter EPS of $18.30. The current stock performance of PolyPid shows a 52-week-high of $38.70 and a 52-week-low of $3.57. Moreover, at the end of the last trading period, the closing price was at $4.00.

Needham initiated coverage on Elastic NV ESTC with a Hold rating. For the first quarter, Elastic had an EPS of $0.25, compared to year-ago quarter EPS of $0.15. The current stock performance of Elastic shows a 52-week-high of $82.84 and a 52-week-low of $46.18. Moreover, at the end of the last trading period, the closing price was at $82.00.

With a Neutral rating, JP Morgan initiated coverage on Marriott Vacations Worldwide Corp VAC. The price target seems to have been set at $105.00 for Marriott Vacations. In the second quarter, Marriott Vacations showed an EPS of $2.19, compared to $2.87 from the year-ago quarter. The current stock performance of Marriott Vacations shows a 52-week-high of $165.85 and a 52-week-low of $90.89. Moreover, at the end of the last trading period, the closing price was at $98.97.

UBS initiated coverage on Genuine Parts Co GPC with a Neutral rating. The price target for Genuine Parts is set to $160.00. Genuine Parts earned $2.44 in the second quarter, compared to $2.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $187.61 and a 52-week-low of $139.66. Genuine Parts closed at $146.77 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on Asana Inc ASAN. The price target seems to have been set at $20.00 for Asana. In the second quarter, Asana showed an EPS of $0.04, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $26.27 and a 52-week-low of $11.32. At the end of the last trading period, Asana closed at $18.28.

UBS initiated coverage on Smartsheet Inc SMAR with a Buy rating. The price target for Smartsheet is set to $60.00. Smartsheet earned $0.16 in the second quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $52.81 and a 52-week-low of $25.09. At the end of the last trading period, Smartsheet closed at $43.42.

See all analyst ratings initiations.