Benzinga's Top Ratings Upgrades, Downgrades For October 18, 2023

Upgrades

According to National Bank Financial Inc, the prior rating for Brookfield Infrastructure Partners LP BIP was changed from Sector Perform to Outperform. Brookfield Infr Partners earned $0.38 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.18 and a 52-week-low of $24.95. Brookfield Infr Partners closed at $25.69 at the end of the last trading period.

For FB Financial Corp FBK, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. In the third quarter, FB Financial showed an EPS of $0.71, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.10 and a 52-week-low of $24.34. FB Financial closed at $28.72 at the end of the last trading period.

For Huntsman Corp HUN, B of A Securities upgraded the previous rating of Underperform to Buy. Huntsman earned $0.22 in the second quarter, compared to $1.21 in the year-ago quarter. The stock has a 52-week-high of $33.46 and a 52-week-low of $22.71. At the end of the last trading period, Huntsman closed at $23.98.

For LyondellBasell Industries NV LYB, B of A Securities upgraded the previous rating of Underperform to Neutral. In the second quarter, LyondellBasell Industries showed an EPS of $2.44, compared to $5.19 from the year-ago quarter. The stock has a 52-week-high of $102.05 and a 52-week-low of $75.64. At the end of the last trading period, LyondellBasell Industries closed at $94.75.

B of A Securities upgraded the previous rating for Dow Inc DOW from Underperform to Neutral. For the second quarter, Dow had an EPS of $0.75, compared to year-ago quarter EPS of $2.31. At the moment, the stock has a 52-week-high of $60.88 and a 52-week-low of $44.90. Dow closed at $50.73 at the end of the last trading period.

For First Watch Restaurant Group Inc FWRG, Raymond James upgraded the previous rating of Outperform to Strong Buy. For the second quarter, First Watch Restaurant Gr had an EPS of $0.13, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $20.31 and a 52-week-low of $12.80. First Watch Restaurant Gr closed at $16.86 at the end of the last trading period.

According to Raymond James, the prior rating for Brinker International Inc EAT was changed from Outperform to Strong Buy. Brinker International earned $1.39 in the fourth quarter, compared to $1.15 in the year-ago quarter. The stock has a 52-week-high of $42.12 and a 52-week-low of $26.78. At the end of the last trading period, Brinker International closed at $33.65.

According to Hovde Group, the prior rating for FB Financial Corp FBK was changed from Market Perform to Outperform. For the third quarter, FB Financial had an EPS of $0.71, compared to year-ago quarter EPS of $0.68. At the moment, the stock has a 52-week-high of $44.10 and a 52-week-low of $24.34. FB Financial closed at $28.72 at the end of the last trading period.

According to JP Morgan, the prior rating for Editas Medicine Inc EDIT was changed from Underweight to Neutral. For the second quarter, Editas Medicine had an EPS of $0.56, compared to year-ago quarter EPS of $0.78. The current stock performance of Editas Medicine shows a 52-week-high of $14.22 and a 52-week-low of $6.33. Moreover, at the end of the last trading period, the closing price was at $6.81.

According to Mizuho, the prior rating for Hudson Pacific Properties Inc HPP was changed from Underperform to Neutral. In the second quarter, Hudson Pacific Properties showed an EPS of $0.24, compared to $0.51 from the year-ago quarter. The current stock performance of Hudson Pacific Properties shows a 52-week-high of $12.22 and a 52-week-low of $4.04. Moreover, at the end of the last trading period, the closing price was at $5.82.

Jefferies upgraded the previous rating for Elastic NV ESTC from Hold to Buy. Elastic earned $0.25 in the first quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $83.35 and a 52-week-low of $46.18. At the end of the last trading period, Elastic closed at $80.64.

Wolfe Research upgraded the previous rating for Broadstone Net Lease Inc BNL from Peer Perform to Outperform. In the second quarter, Broadstone Net Lease showed an EPS of $0.35, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.54 and a 52-week-low of $13.89. Broadstone Net Lease closed at $14.92 at the end of the last trading period.

According to Raymond James, the prior rating for Nkarta Inc NKTX was changed from Outperform to Strong Buy. For the second quarter, Nkarta had an EPS of $0.68, compared to year-ago quarter EPS of $0.61. The stock has a 52-week-high of $13.80 and a 52-week-low of $1.28. At the end of the last trading period, Nkarta closed at $3.14.

See all analyst ratings upgrades.

Downgrades

For Freeline Therapeutics Holdings PLC FRLN, Wedbush downgraded the previous rating of Outperform to Neutral. For the second quarter, Freeline Therapeutics had an EPS of $0.21, compared to year-ago quarter EPS of $14.25. At the moment, the stock has a 52-week-high of $12.00 and a 52-week-low of $2.11. Freeline Therapeutics closed at $4.32 at the end of the last trading period.

Scotiabank downgraded the previous rating for Olink Holding AB OLK from Sector Outperform to Sector Perform. In the second quarter, Olink Holding showed an EPS of $0.07, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $26.47 and a 52-week-low of $14.10. At the end of the last trading period, Olink Holding closed at $24.87.

For Sherwin-Williams Co SHW, B of A Securities downgraded the previous rating of Neutral to Underperform. Sherwin-Williams earned $3.29 in the second quarter, compared to $2.41 in the year-ago quarter. The stock has a 52-week-high of $283.80 and a 52-week-low of $199.22. At the end of the last trading period, Sherwin-Williams closed at $252.84.

For Albemarle Corp ALB, B of A Securities downgraded the previous rating of Neutral to Underperform. Albemarle earned $7.33 in the second quarter, compared to $3.45 in the year-ago quarter. The current stock performance of Albemarle shows a 52-week-high of $334.20 and a 52-week-low of $152.00. Moreover, at the end of the last trading period, the closing price was at $169.48.

For Westlake Corp WLK, B of A Securities downgraded the previous rating of Neutral to Underperform. Westlake earned $2.31 in the second quarter, compared to $6.60 in the year-ago quarter. The stock has a 52-week-high of $138.39 and a 52-week-low of $87.94. At the end of the last trading period, Westlake closed at $125.11.

B of A Securities downgraded the previous rating for Sociedad Quimica Y Minera De Chile SA SQM from Neutral to Underperform. For the second quarter, Sociedad Quimica Y Minera had an EPS of $2.03, compared to year-ago quarter EPS of $3.01. The current stock performance of Sociedad Quimica Y Minera shows a 52-week-high of $112.34 and a 52-week-low of $52.42. Moreover, at the end of the last trading period, the closing price was at $59.45.

B of A Securities downgraded the previous rating for ArcelorMittal SA MT from Buy to Neutral. In the second quarter, ArcelorMittal showed an EPS of $2.20, compared to $4.24 from the year-ago quarter. The stock has a 52-week-high of $32.48 and a 52-week-low of $21.15. At the end of the last trading period, ArcelorMittal closed at $23.34.

B of A Securities downgraded the previous rating for Sibanye Stillwater Ltd SBSW from Neutral to Underperform. NoneThe stock has a 52-week-high of $12.44 and a 52-week-low of $5.16. At the end of the last trading period, Sibanye Stillwater closed at $6.15.

According to TD Cowen, the prior rating for Evelo Biosciences Inc EVLO was changed from Outperform to Market Perform. Evelo Biosciences earned $3.78 in the second quarter, compared to $8.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $48.00 and a 52-week-low of $0.49. Evelo Biosciences closed at $1.20 at the end of the last trading period.

RBC Capital downgraded the previous rating for Sibanye Stillwater Ltd SBSW from Outperform to Sector Perform. NoneAt the moment, the stock has a 52-week-high of $12.44 and a 52-week-low of $5.16. Sibanye Stillwater closed at $6.15 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Lithium Americas Corp LAC was changed from Buy to Hold. For the second quarter, Lithium Americas had an EPS of $0.16, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $29.48 and a 52-week-low of $8.50. Lithium Americas closed at $9.10 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Market Perform rating, TD Cowen initiated coverage on WK Kellogg Co KLG. The price target seems to have been set at $11.00 for WK Kellogg. The stock has a 52-week-high of $21.00 and a 52-week-low of $9.65. At the end of the last trading period, WK Kellogg closed at $10.10.

Jefferies initiated coverage on Pinterest Inc PINS with a Hold rating. The price target for Pinterest is set to $30.00. In the second quarter, Pinterest showed an EPS of $0.21, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.86 and a 52-week-low of $20.60. Pinterest closed at $28.00 at the end of the last trading period.

With a Buy rating, Redburn Atlantic initiated coverage on Nu Holdings Ltd NU. The price target seems to have been set at $11.00 for Nu Holdings. In the second quarter, Nu Holdings showed an EPS of $0.05, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $8.29 and a 52-week-low of $3.39. At the end of the last trading period, Nu Holdings closed at $7.88.

With an Overweight rating, Keybanc initiated coverage on ARM Holdings PLC ARM. The price target seems to have been set at $65.00 for ARM Holdings. The stock has a 52-week-high of $69.00 and a 52-week-low of $49.85. At the end of the last trading period, ARM Holdings closed at $52.29.

With a Market Outperform rating, JMP Securities initiated coverage on Vigil Neuroscience Inc VIGL. The price target seems to have been set at $23.00 for Vigil Neuroscience. For the second quarter, Vigil Neuroscience had an EPS of $0.52, compared to year-ago quarter EPS of $0.60. The stock has a 52-week-high of $16.50 and a 52-week-low of $4.68. At the end of the last trading period, Vigil Neuroscience closed at $6.58.

JMP Securities initiated coverage on Notable Labs Inc NTBL with a Market Outperform rating. The price target for Notable Labs is set to $13.00. The stock has a 52-week-high of $5.27 and a 52-week-low of $2.85. At the end of the last trading period, Notable Labs closed at $4.45.

With a Buy rating, Berenberg initiated coverage on Alpine Immune Sciences Inc ALPN. The price target seems to have been set at $18.00 for Alpine Immune Sciences. Alpine Immune Sciences earned $0.27 in the second quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.92 and a 52-week-low of $4.83. Alpine Immune Sciences closed at $10.20 at the end of the last trading period.

Deutsche Bank initiated coverage on Lithium Americas (Argentina) Corp LAAC with a Buy rating. The price target for Lithium Americas is set to $11.00. The stock has a 52-week-high of $8.14 and a 52-week-low of $5.07. At the end of the last trading period, Lithium Americas closed at $6.99.

Stifel initiated coverage on TeraWulf Inc WULF with a Buy rating. The price target for TeraWulf is set to $3.00. In the second quarter, TeraWulf showed an EPS of $0.08, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $4.04 and a 52-week-low of $0.54. At the end of the last trading period, TeraWulf closed at $1.24.

With a Buy rating, Stifel initiated coverage on Vestis Corp VSTS. The price target seems to have been set at $20.00 for Vestis. The current stock performance of Vestis shows a 52-week-high of $19.31 and a 52-week-low of $14.23. Moreover, at the end of the last trading period, the closing price was at $15.89.

See all analyst ratings initiations.