Benzinga's Top Ratings Upgrades, Downgrades For October 24, 2023

Upgrades

For Martin Marietta Materials Inc MLM, Seaport Global upgraded the previous rating of Neutral to Buy. For the second quarter, Martin Marietta Materials had an EPS of $5.60, compared to year-ago quarter EPS of $3.96. The current stock performance of Martin Marietta Materials shows a 52-week-high of $463.41 and a 52-week-low of $304.00. Moreover, at the end of the last trading period, the closing price was at $412.70.

According to Seaport Global, the prior rating for Vulcan Materials Co VMC was changed from Neutral to Buy. Vulcan Materials earned $2.29 in the second quarter, compared to $1.53 in the year-ago quarter. The current stock performance of Vulcan Materials shows a 52-week-high of $229.75 and a 52-week-low of $149.08. Moreover, at the end of the last trading period, the closing price was at $202.50.

Seaport Global upgraded the previous rating for Summit Materials Inc SUM from Neutral to Buy. For the second quarter, Summit Materials had an EPS of $0.71, compared to year-ago quarter EPS of $0.59. The current stock performance of Summit Materials shows a 52-week-high of $39.56 and a 52-week-low of $24.17. Moreover, at the end of the last trading period, the closing price was at $32.19.

According to Evercore ISI Group, the prior rating for Alkermes PLC ALKS was changed from In-Line to Outperform. For the second quarter, Alkermes had an EPS of $0.55, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $33.71 and a 52-week-low of $21.84. At the end of the last trading period, Alkermes closed at $24.43.

According to Raymond James, the prior rating for Range Resources Corp RRC was changed from Market Perform to Outperform. The current stock performance of Range Resources shows a 52-week-high of $35.80 and a 52-week-low of $22.61. Moreover, at the end of the last trading period, the closing price was at $34.68.

For Coterra Energy Inc CTRA, Raymond James upgraded the previous rating of Market Perform to Outperform. In the second quarter, Coterra Energy showed an EPS of $0.39, compared to $1.35 from the year-ago quarter. The current stock performance of Coterra Energy shows a 52-week-high of $31.76 and a 52-week-low of $22.25. Moreover, at the end of the last trading period, the closing price was at $28.40.

Raymond James upgraded the previous rating for Antero Resources Corp AR from Market Perform to Strong Buy. Antero Resources earned $0.28 in the second quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Antero Resources shows a 52-week-high of $40.19 and a 52-week-low of $19.91. Moreover, at the end of the last trading period, the closing price was at $27.86.

For PVH Corp PVH, JP Morgan upgraded the previous rating of Neutral to Overweight. PVH earned $1.98 in the second quarter, compared to $2.08 in the year-ago quarter. The stock has a 52-week-high of $94.51 and a 52-week-low of $46.99. At the end of the last trading period, PVH closed at $73.57.

BTIG upgraded the previous rating for Healthcare Realty Trust Inc HR from Neutral to Buy. In the second quarter, Healthcare Realty Trust showed an EPS of $0.39, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.36 and a 52-week-low of $14.15. Healthcare Realty Trust closed at $14.34 at the end of the last trading period.

According to Citigroup, the prior rating for Editas Medicine Inc EDIT was changed from Neutral to Buy. For the second quarter, Editas Medicine had an EPS of $0.56, compared to year-ago quarter EPS of $0.78. The stock has a 52-week-high of $14.22 and a 52-week-low of $6.08. At the end of the last trading period, Editas Medicine closed at $6.25.

Wolfe Research upgraded the previous rating for Silk Road Medical Inc SILK from Underperform to Peer Perform. For the second quarter, Silk Road Medical had an EPS of $0.35, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $58.04 and a 52-week-low of $6.24. Silk Road Medical closed at $6.30 at the end of the last trading period.

Baird upgraded the previous rating for Medpace Holdings Inc MEDP from Neutral to Outperform. In the third quarter, Medpace Hldgs showed an EPS of $2.22, compared to $2.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $282.73 and a 52-week-low of $153.79. Medpace Hldgs closed at $227.52 at the end of the last trading period.

For Ingersoll Rand Inc IR, Stifel upgraded the previous rating of Hold to Buy. In the second quarter, Ingersoll Rand showed an EPS of $0.68, compared to $0.54 from the year-ago quarter. The current stock performance of Ingersoll Rand shows a 52-week-high of $70.65 and a 52-week-low of $45.19. Moreover, at the end of the last trading period, the closing price was at $59.31.

HSBC upgraded the previous rating for Ballard Power Systems Inc BLDP from Hold to Buy. In the second quarter, Ballard Power Systems showed an EPS of $0.10, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $7.10 and a 52-week-low of $3.17. At the end of the last trading period, Ballard Power Systems closed at $3.30.

Jefferies upgraded the previous rating for Golden Ocean Group Ltd GOGL from Hold to Buy. In the second quarter, Golden Ocean Group showed an EPS of $0.17, compared to $0.81 from the year-ago quarter. The current stock performance of Golden Ocean Group shows a 52-week-high of $10.58 and a 52-week-low of $6.89. Moreover, at the end of the last trading period, the closing price was at $7.62.

According to DA Davidson, the prior rating for Braze Inc BRZE was changed from Neutral to Buy. Braze earned $0.04 in the second quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $50.13 and a 52-week-low of $22.62. At the end of the last trading period, Braze closed at $42.62.

Piper Sandler upgraded the previous rating for American Express Co AXP from Underweight to Neutral. American Express earned $3.30 in the third quarter, compared to $2.47 in the year-ago quarter. The current stock performance of American Express shows a 52-week-high of $182.15 and a 52-week-low of $132.24. Moreover, at the end of the last trading period, the closing price was at $144.59.

See all analyst ratings upgrades.

Downgrades

For Hess Corp HES, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Hess showed an EPS of $0.65, compared to $2.15 from the year-ago quarter. The current stock performance of Hess shows a 52-week-high of $167.75 and a 52-week-low of $113.82. Moreover, at the end of the last trading period, the closing price was at $161.30.

According to Raymond James, the prior rating for Pioneer Natural Resources Co PXD was changed from Strong Buy to Market Perform. For the second quarter, Pioneer Natural Resources had an EPS of $4.49, compared to year-ago quarter EPS of $9.36. The current stock performance of Pioneer Natural Resources shows a 52-week-high of $274.42 and a 52-week-low of $177.26. Moreover, at the end of the last trading period, the closing price was at $247.26.

JP Morgan downgraded the previous rating for Bath & Body Works Inc BBWI from Neutral to Underweight. Bath & Body Works earned $0.40 in the second quarter, compared to $0.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.55 and a 52-week-low of $29.51. Bath & Body Works closed at $29.56 at the end of the last trading period.

According to Raymond James, the prior rating for Hess Corp HES was changed from Outperform to Market Perform. For the second quarter, Hess had an EPS of $0.65, compared to year-ago quarter EPS of $2.15. At the moment, the stock has a 52-week-high of $167.75 and a 52-week-low of $113.82. Hess closed at $161.30 at the end of the last trading period.

For Black Stone Minerals LP BSM, Raymond James downgraded the previous rating of Outperform to Market Perform. For the second quarter, Black Stone Minerals had an EPS of $0.35, compared to year-ago quarter EPS of $0.59. The stock has a 52-week-high of $20.22 and a 52-week-low of $13.41. At the end of the last trading period, Black Stone Minerals closed at $17.74.

According to JP Morgan, the prior rating for Foot Locker Inc FL was changed from Neutral to Underweight. Foot Locker earned $0.04 in the second quarter, compared to $1.10 in the year-ago quarter. The stock has a 52-week-high of $47.22 and a 52-week-low of $14.84. At the end of the last trading period, Foot Locker closed at $20.51.

For Regions Financial Corp RF, UBS downgraded the previous rating of Buy to Neutral. In the third quarter, Regions Finl showed an EPS of $0.49, compared to $0.56 from the year-ago quarter. The current stock performance of Regions Finl shows a 52-week-high of $24.33 and a 52-week-low of $13.82. Moreover, at the end of the last trading period, the closing price was at $14.19.

According to Evercore ISI Group, the prior rating for Euronav NV EURN was changed from Outperform to In-Line. Euronav earned $0.80 in the second quarter, compared to $0.02 in the year-ago quarter. The current stock performance of Euronav shows a 52-week-high of $21.00 and a 52-week-low of $12.94. Moreover, at the end of the last trading period, the closing price was at $17.80.

According to Raymond James, the prior rating for Engagesmart Inc ESMT was changed from Strong Buy to Market Perform. Engagesmart earned $0.03 in the second quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $22.74 and a 52-week-low of $15.01. At the end of the last trading period, Engagesmart closed at $22.60.

William Blair downgraded the previous rating for Sealed Air Corp SEE from Outperform to Market Perform. Sealed Air earned $0.80 in the second quarter, compared to $1.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.43 and a 52-week-low of $28.50. Sealed Air closed at $28.58 at the end of the last trading period.

William Blair downgraded the previous rating for Markforged Holding Corp MKFG from Outperform to Market Perform. For the second quarter, Markforged Holding had an EPS of $0.06, compared to year-ago quarter EPS of $0.09. The current stock performance of Markforged Holding shows a 52-week-high of $2.30 and a 52-week-low of $0.71. Moreover, at the end of the last trading period, the closing price was at $1.08.

For CubeSmart CUBE, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. For the second quarter, CubeSmart had an EPS of $0.66, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $48.93 and a 52-week-low of $34.76. CubeSmart closed at $35.02 at the end of the last trading period.

According to Piper Sandler, the prior rating for POINT Biopharma Global Inc PNT was changed from Overweight to Neutral. In the second quarter, POINT Biopharma Global showed an EPS of $0.24, compared to $0.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $13.03 and a 52-week-low of $5.59. POINT Biopharma Global closed at $12.78 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for FMC Corp FMC from Overweight to Equal-Weight. For the second quarter, FMC had an EPS of $0.50, compared to year-ago quarter EPS of $1.93. The current stock performance of FMC shows a 52-week-high of $134.38 and a 52-week-low of $49.70. Moreover, at the end of the last trading period, the closing price was at $58.12.

Daiwa Capital downgraded the previous rating for Enphase Energy Inc ENPH from Outperform to Neutral. Enphase Energy earned $1.47 in the second quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $95.62. Enphase Energy closed at $96.29 at the end of the last trading period.

According to Needham, the prior rating for Engagesmart Inc ESMT was changed from Buy to Hold. For the second quarter, Engagesmart had an EPS of $0.03, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $22.74 and a 52-week-low of $15.01. At the end of the last trading period, Engagesmart closed at $22.60.

Keybanc downgraded the previous rating for Engagesmart Inc ESMT from Overweight to Sector Weight. In the second quarter, Engagesmart showed an EPS of $0.03, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $22.74 and a 52-week-low of $15.01. At the end of the last trading period, Engagesmart closed at $22.60.

For FMC Corp FMC, Goldman Sachs downgraded the previous rating of Buy to Neutral. FMC earned $0.50 in the second quarter, compared to $1.93 in the year-ago quarter. The current stock performance of FMC shows a 52-week-high of $134.38 and a 52-week-low of $49.70. Moreover, at the end of the last trading period, the closing price was at $58.12.

B of A Securities downgraded the previous rating for FMC Corp FMC from Buy to Neutral. FMC earned $0.50 in the second quarter, compared to $1.93 in the year-ago quarter. The current stock performance of FMC shows a 52-week-high of $134.38 and a 52-week-low of $49.70. Moreover, at the end of the last trading period, the closing price was at $58.12.

See all analyst ratings downgrades.

Initiations

For Alphabet Inc GOOGL, Seaport Global initiated coverage, by setting the current rating at Neutral. At the moment, the stock has a 52-week-high of $141.22 and a 52-week-low of $83.34. Alphabet closed at $136.50 at the end of the last trading period.

Seaport Global initiated coverage on Wix.com Ltd WIX with a Buy rating. The price target for Wix.com is set to $103.00. In the second quarter, Wix.com showed an EPS of $1.26, compared to $0.14 from the year-ago quarter. The stock has a 52-week-high of $102.82 and a 52-week-low of $66.18. At the end of the last trading period, Wix.com closed at $84.55.

Seaport Global initiated coverage on Squarespace Inc SQSP with a Buy rating. The price target for Squarespace is set to $35.00. In the second quarter, Squarespace showed an EPS of $0.03, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $34.38 and a 52-week-low of $16.93. At the end of the last trading period, Squarespace closed at $29.17.

Seaport Global initiated coverage on Amazon.com Inc AMZN with a Buy rating. The price target for Amazon.com is set to $145.00. Amazon.com earned $0.63 in the second quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $145.86 and a 52-week-low of $81.43. Amazon.com closed at $126.56 at the end of the last trading period.

For Airbnb Inc ABNB, Seaport Global initiated coverage, by setting the current rating at Neutral. For the second quarter, Airbnb had an EPS of $0.98, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $154.95 and a 52-week-low of $81.92. At the end of the last trading period, Airbnb closed at $120.39.

Seaport Global initiated coverage on Meta Platforms Inc META with a Buy rating. The price target for Meta Platforms is set to $365.00. Meta Platforms earned $2.98 in the second quarter, compared to $2.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $330.54 and a 52-week-low of $88.10. Meta Platforms closed at $314.01 at the end of the last trading period.

With a Buy rating, Seaport Global initiated coverage on Uber Technologies Inc UBER. The price target seems to have been set at $51.00 for Uber Technologies. For the second quarter, Uber Technologies had an EPS of $0.18, compared to year-ago quarter EPS of $0.47. The current stock performance of Uber Technologies shows a 52-week-high of $49.49 and a 52-week-low of $23.91. Moreover, at the end of the last trading period, the closing price was at $43.04.

Cantor Fitzgerald initiated coverage on Adlai Nortye Ltd ANL with an Overweight rating. The price target for Adlai Nortye is set to $30.00. The stock has a 52-week-high of $19.30 and a 52-week-low of $9.08. At the end of the last trading period, Adlai Nortye closed at $9.08.

With an Overweight rating, Wells Fargo initiated coverage on Public Storage PSA. The price target seems to have been set at $270.00 for Public Storage. For the second quarter, Public Storage had an EPS of $4.28, compared to year-ago quarter EPS of $3.99. The stock has a 52-week-high of $316.48 and a 52-week-low of $247.77. At the end of the last trading period, Public Storage closed at $247.93.

Wells Fargo initiated coverage on Extra Space Storage Inc EXR with an Underweight rating. The price target for Extra Space Storage is set to $115.00. In the second quarter, Extra Space Storage showed an EPS of $2.06, compared to $2.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $180.75 and a 52-week-low of $107.84. Extra Space Storage closed at $108.13 at the end of the last trading period.

With a Buy rating, Redburn Atlantic initiated coverage on On Holding AG ONON. The price target seems to have been set at $33.00 for On Holding. For the second quarter, On Holding had an EPS of $0.04, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $37.08 and a 52-week-low of $15.91. At the end of the last trading period, On Holding closed at $25.56.

With a Buy rating, Needham initiated coverage on Lattice Semiconductor Corp LSCC. The price target seems to have been set at $90.00 for Lattice Semiconductor. Lattice Semiconductor earned $0.52 in the second quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $98.30 and a 52-week-low of $47.43. At the end of the last trading period, Lattice Semiconductor closed at $71.43.

With an Overweight rating, Keybanc initiated coverage on Criteo SA CRTO. The price target seems to have been set at $40.00 for Criteo. In the second quarter, Criteo showed an EPS of $0.49, compared to $0.58 from the year-ago quarter. The current stock performance of Criteo shows a 52-week-high of $36.76 and a 52-week-low of $22.64. Moreover, at the end of the last trading period, the closing price was at $27.77.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Rocket Pharmaceuticals Inc RCKT. The price target seems to have been set at $65.00 for Rocket Pharmaceuticals. Rocket Pharmaceuticals earned $0.82 in the second quarter, compared to $0.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.65 and a 52-week-low of $14.86. Rocket Pharmaceuticals closed at $16.82 at the end of the last trading period.

With an Overweight rating, Cantor Fitzgerald initiated coverage on BridgeBio Pharma Inc BBIO. The price target seems to have been set at $50.00 for BridgeBio Pharma. For the second quarter, BridgeBio Pharma had an EPS of $0.98, compared to year-ago quarter EPS of $0.83. At the moment, the stock has a 52-week-high of $36.36 and a 52-week-low of $6.64. BridgeBio Pharma closed at $24.24 at the end of the last trading period.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Mirum Pharmaceuticals Inc MIRM. The price target seems to have been set at $50.00 for Mirum Pharmaceuticals. Mirum Pharmaceuticals earned $1.94 in the second quarter, compared to $0.84 in the year-ago quarter. The stock has a 52-week-high of $33.39 and a 52-week-low of $17.50. At the end of the last trading period, Mirum Pharmaceuticals closed at $27.89.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Krystal Biotech Inc KRYS. The price target seems to have been set at $160.00 for Krystal Biotech. Krystal Biotech earned $1.25 in the second quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $132.68 and a 52-week-low of $66.21. Krystal Biotech closed at $112.36 at the end of the last trading period.

Cantor Fitzgerald initiated coverage on Cabaletta Bio Inc CABA with an Overweight rating. The price target for Cabaletta Bio is set to $40.00. Cabaletta Bio earned $0.37 in the second quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Cabaletta Bio shows a 52-week-high of $19.34 and a 52-week-low of $1.55. Moreover, at the end of the last trading period, the closing price was at $12.21.

Loop Capital initiated coverage on The Trade Desk Inc TTD with a Buy rating. The price target for Trade Desk is set to $95.00. In the second quarter, Trade Desk showed an EPS of $0.28, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $91.85 and a 52-week-low of $39.44. At the end of the last trading period, Trade Desk closed at $73.64.

With a Buy rating, Stifel initiated coverage on ClearPoint Neuro Inc CLPT. The price target seems to have been set at $8.00 for ClearPoint Neuro. In the second quarter, ClearPoint Neuro showed an EPS of $0.29, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $11.00 and a 52-week-low of $4.39. At the end of the last trading period, ClearPoint Neuro closed at $4.74.

See all analyst ratings initiations.