Benzinga's Top Ratings Upgrades, Downgrades For October 19, 2023

Upgrades

According to CL King, the prior rating for Stepan Co SCL was changed from Neutral to Buy. In the third quarter, Stepan showed an EPS of $0.64, compared to $2.01 from the year-ago quarter. NoneThe stock has a 52-week-high of $114.79 and a 52-week-low of $63.60. At the end of the last trading period, Stepan closed at $72.21.

For Netflix Inc NFLX, Keybanc upgraded the previous rating of Sector Weight to Overweight. For the third quarter, Netflix had an EPS of $3.73, compared to year-ago quarter EPS of $3.10. NoneThe stock has a 52-week-high of $485.00 and a 52-week-low of $237.75. At the end of the last trading period, Netflix closed at $346.19.

JP Morgan upgraded the previous rating for First Solar Inc FSLR from Neutral to Overweight. For the second quarter, First Solar had an EPS of $1.89, compared to year-ago quarter EPS of $0.52. At the moment, the stock has a 52-week-high of $232.00 and a 52-week-low of $116.50. First Solar closed at $153.13 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Best Buy Co Inc BBY was changed from Neutral to Buy. Best Buy Co earned $1.22 in the second quarter, compared to $1.54 in the year-ago quarter. NoneThe current stock performance of Best Buy Co shows a 52-week-high of $93.32 and a 52-week-low of $61.89. Moreover, at the end of the last trading period, the closing price was at $70.20.

Jefferies upgraded the previous rating for CrowdStrike Holdings Inc CRWD from Hold to Buy. For the second quarter, CrowdStrike Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $190.36 and a 52-week-low of $92.25. At the end of the last trading period, CrowdStrike Holdings closed at $187.79.

For Kontoor Brands Inc KTB, Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Kontoor Brands had an EPS of $0.77, compared to year-ago quarter EPS of $1.09. The stock has a 52-week-high of $53.83 and a 52-week-low of $33.52. At the end of the last trading period, Kontoor Brands closed at $45.89.

Keefe, Bruyette & Woods upgraded the previous rating for SoFi Technologies Inc SOFI from Underperform to Market Perform. SoFi Techs earned $0.06 in the second quarter, compared to $0.12 in the year-ago quarter. The current stock performance of SoFi Techs shows a 52-week-high of $11.70 and a 52-week-low of $4.25. Moreover, at the end of the last trading period, the closing price was at $7.77.

See all analyst ratings upgrades.

Downgrades

Scotiabank downgraded the previous rating for Enphase Energy Inc ENPH from Sector Outperform to Sector Perform. For the second quarter, Enphase Energy had an EPS of $1.47, compared to year-ago quarter EPS of $1.07. NoneAt the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $111.44. Enphase Energy closed at $123.84 at the end of the last trading period.

Truist Securities downgraded the previous rating for Monarch Casino & Resort Inc MCRI from Buy to Hold. In the third quarter, Monarch Casino & Resort showed an EPS of $1.23, compared to $1.41 from the year-ago quarter. NoneAt the moment, the stock has a 52-week-high of $85.67 and a 52-week-low of $60.72. Monarch Casino & Resort closed at $61.48 at the end of the last trading period.

For Werner Enterprises Inc WERN, B of A Securities downgraded the previous rating of Buy to Underperform. For the second quarter, Werner Enterprises had an EPS of $0.52, compared to year-ago quarter EPS of $0.87. NoneAt the moment, the stock has a 52-week-high of $50.31 and a 52-week-low of $35.84. Werner Enterprises closed at $37.90 at the end of the last trading period.

B of A Securities downgraded the previous rating for Peloton Interactive Inc PTON from Neutral to Underperform. In the fourth quarter, Peloton Interactive showed an EPS of $0.68, compared to $1.32 from the year-ago quarter. NoneThe stock has a 52-week-high of $17.83 and a 52-week-low of $4.30. At the end of the last trading period, Peloton Interactive closed at $4.80.

According to TD Cowen, the prior rating for Pioneer Natural Resources Co PXD was changed from Outperform to Market Perform. Pioneer Natural Resources earned $4.49 in the second quarter, compared to $9.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $274.42 and a 52-week-low of $177.26. Pioneer Natural Resources closed at $255.23 at the end of the last trading period.

According to TD Cowen, the prior rating for Canada Goose Holdings Inc GOOS was changed from Outperform to Market Perform. In the first quarter, Canada Goose Hldgs showed an EPS of $0.52, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $24.73 and a 52-week-low of $12.66. At the end of the last trading period, Canada Goose Hldgs closed at $12.72.

For DHT Holdings Inc DHT, Stifel downgraded the previous rating of Buy to Hold. In the second quarter, DHT Holdings showed an EPS of $0.35, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.13 and a 52-week-low of $7.30. DHT Holdings closed at $10.96 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Foot Locker Inc FL was changed from Neutral to Sell. Foot Locker earned $0.04 in the second quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.22 and a 52-week-low of $14.84. Foot Locker closed at $21.94 at the end of the last trading period.

For MaxLinear Inc MXL, Deutsche Bank downgraded the previous rating of Buy to Hold. MaxLinear earned $0.34 in the second quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $43.66 and a 52-week-low of $20.83. At the end of the last trading period, MaxLinear closed at $21.40.

According to Morgan Stanley, the prior rating for Dada Nexus Ltd DADA was changed from Overweight to Equal-Weight. Dada Nexus earned $0.00 in the second quarter, compared to $0.25 in the year-ago quarter. NoneAt the moment, the stock has a 52-week-high of $15.59 and a 52-week-low of $2.98. Dada Nexus closed at $4.04 at the end of the last trading period.

According to TD Cowen, the prior rating for Generation Bio Co GBIO was changed from Outperform to Market Perform. For the second quarter, Generation Bio had an EPS of $0.47, compared to year-ago quarter EPS of $0.66. The stock has a 52-week-high of $7.35 and a 52-week-low of $2.31. At the end of the last trading period, Generation Bio closed at $2.41.

Wells Fargo downgraded the previous rating for Northern Trust Corp NTRS from Overweight to Equal-Weight. For the third quarter, Northern Trust had an EPS of $1.49, compared to year-ago quarter EPS of $1.80. NoneThe stock has a 52-week-high of $100.25 and a 52-week-low of $64.32. At the end of the last trading period, Northern Trust closed at $65.94.

See all analyst ratings downgrades.

Initiations

Mizuho initiated coverage on Netstreit Corp NTST with a Neutral rating. The price target for Netstreit is set to $15.00. For the second quarter, Netstreit had an EPS of $0.30, compared to year-ago quarter EPS of $0.28. The current stock performance of Netstreit shows a 52-week-high of $20.64 and a 52-week-low of $14.20. Moreover, at the end of the last trading period, the closing price was at $14.22.

JMP Securities initiated coverage on Structure Therapeutics Inc GPCR with a Market Outperform rating. The price target for Structure Therapeutics is set to $90.00. NoneAt the moment, the stock has a 52-week-high of $68.03 and a 52-week-low of $20.80. Structure Therapeutics closed at $65.86 at the end of the last trading period.

Deutsche Bank initiated coverage on Starbucks Corp SBUX with a Buy rating. The price target for Starbucks is set to $118.00. In the third quarter, Starbucks showed an EPS of $1.00, compared to $0.84 from the year-ago quarter. The current stock performance of Starbucks shows a 52-week-high of $115.48 and a 52-week-low of $82.43. Moreover, at the end of the last trading period, the closing price was at $93.75.

With a Buy rating, Deutsche Bank initiated coverage on Sysco Corp SYY. The price target seems to have been set at $75.00 for Sysco. In the fourth quarter, Sysco showed an EPS of $1.34, compared to $1.15 from the year-ago quarter. The stock has a 52-week-high of $87.40 and a 52-week-low of $62.23. At the end of the last trading period, Sysco closed at $65.18.

Deutsche Bank initiated coverage on US Foods Holding Corp USFD with a Buy rating. The price target for US Foods Hldg is set to $50.00. US Foods Hldg earned $0.79 in the second quarter, compared to $0.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $44.52 and a 52-week-low of $27.05. US Foods Hldg closed at $37.42 at the end of the last trading period.

Deutsche Bank initiated coverage on Restaurant Brands International Inc QSR with a Buy rating. The price target for Restaurant Brands Intl is set to $75.00. Restaurant Brands Intl earned $0.85 in the second quarter, compared to $0.82 in the year-ago quarter. NoneThe stock has a 52-week-high of $78.30 and a 52-week-low of $54.86. At the end of the last trading period, Restaurant Brands Intl closed at $64.31.

Stifel initiated coverage on Gracell Biotechnologies Inc GRCL with a Buy rating. The price target for Gracell Biotechnologies is set to $11.00. For the second quarter, Gracell Biotechnologies had an EPS of $0.30, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $6.99 and a 52-week-low of $1.40. Gracell Biotechnologies closed at $2.60 at the end of the last trading period.

Stifel initiated coverage on Cabaletta Bio Inc CABA with a Buy rating. The price target for Cabaletta Bio is set to $31.00. For the second quarter, Cabaletta Bio had an EPS of $0.37, compared to year-ago quarter EPS of $0.45. NoneThe current stock performance of Cabaletta Bio shows a 52-week-high of $19.34 and a 52-week-low of $0.93. Moreover, at the end of the last trading period, the closing price was at $13.46.

See all analyst ratings initiations.