Benzinga's Top Ratings Upgrades, Downgrades For October 13, 2023

Upgrades

Northland Capital Markets upgraded the previous rating for SolarEdge Technologies Inc SEDG from Market Perform to Outperform. SolarEdge Technologies earned $2.62 in the second quarter, compared to $0.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $345.80 and a 52-week-low of $116.56. SolarEdge Technologies closed at $120.65 at the end of the last trading period.

For Oshkosh Corp OSK, Citigroup upgraded the previous rating of Neutral to Buy. In the second quarter, Oshkosh showed an EPS of $2.69, compared to $0.41 from the year-ago quarter. The current stock performance of Oshkosh shows a 52-week-high of $106.66 and a 52-week-low of $72.09. Moreover, at the end of the last trading period, the closing price was at $94.27.

For Dollar General Corp DG, Gordon Haskett upgraded the previous rating of Hold to Buy. In the second quarter, Dollar Gen showed an EPS of $2.13, compared to $2.98 from the year-ago quarter. At the moment, the stock has a 52-week-high of $261.57 and a 52-week-low of $101.09. Dollar Gen closed at $101.83 at the end of the last trading period.

For MorphoSys AG MOR, Morgan Stanley upgraded the previous rating of Underweight to Overweight. For the second quarter, MorphoSys had an EPS of $0.59, compared to year-ago quarter EPS of $1.83. The current stock performance of MorphoSys shows a 52-week-high of $8.67 and a 52-week-low of $3.19. Moreover, at the end of the last trading period, the closing price was at $6.16.

For Kilroy Realty Corp KRC, Jefferies upgraded the previous rating of Hold to Buy. In the second quarter, Kilroy Realty showed an EPS of $1.19, compared to $1.17 from the year-ago quarter. The current stock performance of Kilroy Realty shows a 52-week-high of $45.02 and a 52-week-low of $25.99. Moreover, at the end of the last trading period, the closing price was at $30.15.

Needham upgraded the previous rating for Applied Materials Inc AMAT from Hold to Buy. Applied Mat earned $1.90 in the third quarter, compared to $1.94 in the year-ago quarter. The stock has a 52-week-high of $155.26 and a 52-week-low of $71.18. At the end of the last trading period, Applied Mat closed at $145.00.

For Lam Research Corp LRCX, Needham upgraded the previous rating of Hold to Buy. Lam Research earned $5.98 in the fourth quarter, compared to $8.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $726.52 and a 52-week-low of $299.63. Lam Research closed at $654.96 at the end of the last trading period.

According to Baird, the prior rating for Mister Car Wash Inc MCW was changed from Neutral to Outperform. Mister Car Wash earned $0.08 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $11.14 and a 52-week-low of $5.14. At the end of the last trading period, Mister Car Wash closed at $5.32.

For Hecla Mining Co HL, Roth MKM upgraded the previous rating of Neutral to Buy. Hecla Mining earned $0.03 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.00 and a 52-week-low of $3.55. Hecla Mining closed at $3.66 at the end of the last trading period.

For Afya Ltd AFYA, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the second quarter, Afya showed an EPS of $0.29, compared to $0.26 from the year-ago quarter. The current stock performance of Afya shows a 52-week-high of $17.17 and a 52-week-low of $9.66. Moreover, at the end of the last trading period, the closing price was at $15.43.

According to UBS, the prior rating for Immunovant Inc IMVT was changed from Neutral to Buy. Immunovant earned $0.57 in the first quarter, compared to $0.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $44.19 and a 52-week-low of $8.57. Immunovant closed at $35.28 at the end of the last trading period.

For Varonis Systems Inc VRNS, Barclays upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Varonis Systems had an EPS of $0.01, compared to year-ago quarter EPS of $0.00. The current stock performance of Varonis Systems shows a 52-week-high of $32.64 and a 52-week-low of $15.61. Moreover, at the end of the last trading period, the closing price was at $30.04.

See all analyst ratings upgrades.

Downgrades

B of A Securities downgraded the previous rating for Outset Medical Inc OM from Buy to Underperform. In the second quarter, Outset Medical showed an EPS of $0.69, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.55 and a 52-week-low of $6.70. Outset Medical closed at $6.77 at the end of the last trading period.

According to Guggenheim, the prior rating for Eversource Energy ES was changed from Buy to Neutral. For the second quarter, Eversource Energy had an EPS of $1.00, compared to year-ago quarter EPS of $0.86. The current stock performance of Eversource Energy shows a 52-week-high of $87.71 and a 52-week-low of $53.10. Moreover, at the end of the last trading period, the closing price was at $54.56.

Oppenheimer downgraded the previous rating for Tractor Supply Co TSCO from Outperform to Perform. In the second quarter, Tractor Supply showed an EPS of $3.83, compared to $3.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $251.17 and a 52-week-low of $187.47. Tractor Supply closed at $196.75 at the end of the last trading period.

According to Wolfe Research, the prior rating for Netflix Inc NFLX was changed from Outperform to Peer Perform. In the second quarter, Netflix showed an EPS of $3.29, compared to $3.20 from the year-ago quarter. The current stock performance of Netflix shows a 52-week-high of $485.00 and a 52-week-low of $211.81. Moreover, at the end of the last trading period, the closing price was at $361.20.

According to Canaccord Genuity, the prior rating for InMode Ltd INMD was changed from Buy to Hold. For the second quarter, InMode had an EPS of $0.72, compared to year-ago quarter EPS of $0.59. The current stock performance of InMode shows a 52-week-high of $48.25 and a 52-week-low of $21.14. Moreover, at the end of the last trading period, the closing price was at $22.40.

Morgan Stanley downgraded the previous rating for JD.com Inc JD from Overweight to Equal-Weight. For the second quarter, JD.com had an EPS of $0.74, compared to year-ago quarter EPS of $0.61. The current stock performance of JD.com shows a 52-week-high of $67.09 and a 52-week-low of $27.55. Moreover, at the end of the last trading period, the closing price was at $27.83.

According to Macquarie, the prior rating for JD.com Inc JD was changed from Outperform to Neutral. JD.com earned $0.74 in the second quarter, compared to $0.61 in the year-ago quarter. The current stock performance of JD.com shows a 52-week-high of $67.09 and a 52-week-low of $27.55. Moreover, at the end of the last trading period, the closing price was at $27.83.

For Fortinet Inc FTNT, Barclays downgraded the previous rating of Overweight to Equal-Weight. Fortinet earned $0.38 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $81.24 and a 52-week-low of $42.69. At the end of the last trading period, Fortinet closed at $58.00.

For Arcutis Biotherapeutics Inc ARQT, Goldman Sachs downgraded the previous rating of Buy to Neutral. Arcutis Biotherapeutics earned $1.16 in the second quarter, compared to $1.31 in the year-ago quarter. The stock has a 52-week-high of $20.08 and a 52-week-low of $3.84. At the end of the last trading period, Arcutis Biotherapeutics closed at $3.88.

For TechnipFMC PLC FTI, Jefferies downgraded the previous rating of Buy to Hold. In the second quarter, TechnipFMC showed an EPS of $0.10, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.67 and a 52-week-low of $8.97. TechnipFMC closed at $20.02 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Raymond James initiated coverage on DoubleVerify Holdings Inc DV with an Outperform rating. The price target for DoubleVerify Hldgs is set to $1.00. In the second quarter, DoubleVerify Hldgs showed an EPS of $0.07, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.51 and a 52-week-low of $20.38. DoubleVerify Hldgs closed at $27.80 at the end of the last trading period.

With a Hold rating, HSBC initiated coverage on Synchrony Financial SYF. The price target seems to have been set at $32.00 for Synchrony Finl. Synchrony Finl earned $1.32 in the second quarter, compared to $1.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $40.88 and a 52-week-low of $26.59. Synchrony Finl closed at $29.43 at the end of the last trading period.

With a Reduce rating, HSBC initiated coverage on Capital One Financial Corp COF. The price target seems to have been set at $84.00 for Capital One Finl. For the second quarter, Capital One Finl had an EPS of $3.52, compared to year-ago quarter EPS of $4.96. The current stock performance of Capital One Finl shows a 52-week-high of $123.09 and a 52-week-low of $83.93. Moreover, at the end of the last trading period, the closing price was at $96.91.

With a Buy rating, HSBC initiated coverage on Discover Financial Services DFS. The price target seems to have been set at $104.00 for Discover Finl. Discover Finl earned $3.54 in the second quarter, compared to $3.96 in the year-ago quarter. The current stock performance of Discover Finl shows a 52-week-high of $122.50 and a 52-week-low of $84.43. Moreover, at the end of the last trading period, the closing price was at $90.73.

With a Hold rating, HSBC initiated coverage on Block Inc SQ. The price target seems to have been set at $46.00 for Block. In the second quarter, Block showed an EPS of $0.39, compared to $0.18 from 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 $45.45.

HSBC initiated coverage on PayPal Holdings Inc PYPL with a Buy rating. The price target for PayPal Holdings is set to $69.00. 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 $56.35.

With a Hold rating, HSBC initiated coverage on Mastercard Inc MA. The price target seems to have been set at $424.00 for Mastercard. For the second quarter, Mastercard had an EPS of $2.89, compared to year-ago quarter EPS of $2.56. At the moment, the stock has a 52-week-high of $418.60 and a 52-week-low of $276.91. Mastercard closed at $399.90 at the end of the last trading period.

With a Hold rating, HSBC initiated coverage on Visa Inc V. The price target seems to have been set at $266.00 for Visa. Visa earned $2.16 in the third quarter, compared to $1.98 in the year-ago quarter. The stock has a 52-week-high of $250.58 and a 52-week-low of $174.83. At the end of the last trading period, Visa closed at $236.78.

HSBC initiated coverage on American Express Co AXP with a Buy rating. The price target for American Express is set to $181.00. American Express earned $2.89 in the second quarter, compared to $2.57 in the year-ago quarter. The stock has a 52-week-high of $182.15 and a 52-week-low of $130.82. At the end of the last trading period, American Express closed at $151.28.

With an Overweight rating, JP Morgan initiated coverage on Post Holdings Inc POST. The price target seems to have been set at $100.00 for Post Hldgs. In the third quarter, Post Hldgs showed an EPS of $1.52, compared to $0.69 from the year-ago quarter. At the moment, the stock has a 52-week-high of $98.84 and a 52-week-low of $78.84. Post Hldgs closed at $79.62 at the end of the last trading period.

Jefferies initiated coverage on Veeva Systems Inc VEEV with a Buy rating. The price target for Veeva Sys is set to $265.00. In the second quarter, Veeva Sys showed an EPS of $1.21, compared to $1.03 from the year-ago quarter. The current stock performance of Veeva Sys shows a 52-week-high of $225.49 and a 52-week-low of $151.06. Moreover, at the end of the last trading period, the closing price was at $215.97.

Stifel initiated coverage on Xponential Fitness Inc XPOF with a Hold rating. The price target for Xponential Fitness is set to $18.00. For the second quarter, Xponential Fitness had an EPS of $0.07, compared to year-ago quarter EPS of $0.07. The current stock performance of Xponential Fitness shows a 52-week-high of $33.58 and a 52-week-low of $14.51. Moreover, at the end of the last trading period, the closing price was at $14.76.

Stephens & Co. initiated coverage on Treehouse Foods Inc THS with a Equal-Weight rating. The price target for Treehouse Foods is set to $48.00. Treehouse Foods earned $0.42 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.30 and a 52-week-low of $38.18. Treehouse Foods closed at $38.78 at the end of the last trading period.

With a Equal-Weight rating, Stephens & Co. initiated coverage on Medifast Inc MED. The price target seems to have been set at $82.00 for Medifast. In the second quarter, Medifast showed an EPS of $2.77, compared to $3.87 from the year-ago quarter. The current stock performance of Medifast shows a 52-week-high of $131.42 and a 52-week-low of $69.58. Moreover, at the end of the last trading period, the closing price was at $70.58.

Stephens & Co. initiated coverage on Lancaster Colony Corp LANC with an Overweight rating. The price target for Lancaster Colony is set to $205.00. In the fourth quarter, Lancaster Colony showed an EPS of $1.19, compared to $1.06 from the year-ago quarter. The stock has a 52-week-high of $220.65 and a 52-week-low of $158.88. At the end of the last trading period, Lancaster Colony closed at $168.29.

With an Overweight rating, Stephens & Co. initiated coverage on Campbell Soup Co CPB. The price target seems to have been set at $50.00 for Campbell Soup. In the fourth quarter, Campbell Soup showed an EPS of $0.50, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $57.76 and a 52-week-low of $37.94. At the end of the last trading period, Campbell Soup closed at $38.06.

Roth MKM initiated coverage on Groupon Inc GRPN with a Buy rating. The price target for Groupon is set to $30.00. Groupon earned $0.10 in the second quarter, compared to $0.34 in the year-ago quarter. The current stock performance of Groupon shows a 52-week-high of $16.25 and a 52-week-low of $2.89. Moreover, at the end of the last trading period, the closing price was at $10.94.

With an Overweight rating, Stephens & Co. initiated coverage on The Hershey Co HSY. The price target seems to have been set at $240.00 for Hershey. Hershey earned $2.01 in the second quarter, compared to $1.80 in the year-ago quarter. At the moment, the stock has a 52-week-high of $276.88 and a 52-week-low of $186.62. Hershey closed at $187.65 at the end of the last trading period.

See all analyst ratings initiations.