Benzinga's Top Ratings Upgrades, Downgrades For November 4, 2022

Upgrades

• Citigroup upgraded the previous rating for Advanced Energy Industries Inc AEIS from Neutral to Buy. For the third quarter, Advanced Energy Indus had an EPS of $2.12, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $98.07 and a 52-week-low of $67.55. Advanced Energy Indus closed at $80.44 at the end of the last trading period.
• According to JP Morgan, the prior rating for GoodRx Holdings Inc GDRX was changed from Underweight to Neutral. GoodRx Holdings earned $0.06 in the second quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.15 and a 52-week-low of $4.35. GoodRx Holdings closed at $4.90 at the end of the last trading period.
• Goldman Sachs upgraded the previous rating for Restaurant Brands International Inc QSR from Sell to Neutral. For the third quarter, Restaurant Brands Intl had an EPS of $0.96, compared to year-ago quarter EPS of $0.76. The stock has a 52-week-high of $61.79 and a 52-week-low of $46.68. At the end of the last trading period, Restaurant Brands Intl closed at $59.01.
• Piper Sandler upgraded the previous rating for Arista Networks Inc ANET from Neutral to Overweight. Arista Networks earned $1.25 in the third quarter, compared to $0.74 in the year-ago quarter. The stock has a 52-week-high of $144.50 and a 52-week-low of $89.11. At the end of the last trading period, Arista Networks closed at $122.25.
• Raymond James upgraded the previous rating for Kemper Corp KMPR from Market Perform to Outperform. Kemper earned $0.48 in the third quarter, compared to $1.19 in the year-ago quarter. The stock has a 52-week-high of $64.36 and a 52-week-low of $40.65. At the end of the last trading period, Kemper closed at $49.59.
• Raymond James upgraded the previous rating for Mercury General Corp MCY from Underperform to Strong Buy. In the third quarter, Mercury General showed an EPS of $0.28, compared to $0.64 from the year-ago quarter. The current stock performance of Mercury General shows a 52-week-high of $56.94 and a 52-week-low of $27.89. Moreover, at the end of the last trading period, the closing price was at $32.38.
• According to RBC Capital, the prior rating for Karyopharm Therapeutics Inc KPTI was changed from Sector Perform to Outperform. Karyopharm Therapeutics earned $0.45 in the third quarter, compared to $0.69 in the year-ago quarter. The current stock performance of Karyopharm Therapeutics shows a 52-week-high of $14.73 and a 52-week-low of $4.00. Moreover, at the end of the last trading period, the closing price was at $4.54.
• According to Citigroup, the prior rating for Penumbra Inc PEN was changed from Neutral to Buy. For the third quarter, Penumbra had an EPS of $0.01, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $287.53 and a 52-week-low of $114.86. Penumbra closed at $151.88 at the end of the last trading period.
• According to Citigroup, the prior rating for Cohu Inc COHU was changed from Neutral to Buy. In the third quarter, Cohu showed an EPS of $0.74, compared to $0.70 from the year-ago quarter. The current stock performance of Cohu shows a 52-week-high of $39.86 and a 52-week-low of $24.06. Moreover, at the end of the last trading period, the closing price was at $30.03.
• Piper Sandler upgraded the previous rating for Insulet Corp PODD from Neutral to Overweight. For the third quarter, Insulet had an EPS of $0.45, compared to year-ago quarter EPS of $0.18. The current stock performance of Insulet shows a 52-week-high of $283.28 and a 52-week-low of $181.00. Moreover, at the end of the last trading period, the closing price was at $255.35.
• According to Credit Suisse, the prior rating for Lincoln National Corp LNC was changed from Underperform to Neutral. In the third quarter, Lincoln National showed an EPS of $1.39, compared to $1.62 from the year-ago quarter. The stock has a 52-week-high of $76.40 and a 52-week-low of $34.77. At the end of the last trading period, Lincoln National closed at $34.83.

See all analyst ratings upgrades.

Downgrades

• Wolfe Research downgraded the previous rating for Fidelity National Information Services Inc FIS from Outperform to Peer Perform. Fidelity National Info earned $1.74 in the third quarter, compared to $1.73 in the year-ago quarter. The current stock performance of Fidelity National Info shows a 52-week-high of $122.06 and a 52-week-low of $56.53. Moreover, at the end of the last trading period, the closing price was at $57.18.
• For Medifast Inc MED, DA Davidson downgraded the previous rating of Buy to Neutral. For the third quarter, Medifast had an EPS of $3.32, compared to year-ago quarter EPS of $3.56. The stock has a 52-week-high of $222.00 and a 52-week-low of $102.17. At the end of the last trading period, Medifast closed at $103.38.
• Barclays downgraded the previous rating for Casa Systems Inc CASA from Overweight to Equal-Weight. Casa Systems earned $0.29 in the third quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.18 and a 52-week-low of $2.84. Casa Systems closed at $2.84 at the end of the last trading period.
• Oppenheimer downgraded the previous rating for GoPro Inc GPRO from Outperform to Perform. GoPro earned $0.19 in the third quarter, compared to $0.34 in the year-ago quarter. The current stock performance of GoPro shows a 52-week-high of $11.11 and a 52-week-low of $4.80. Moreover, at the end of the last trading period, the closing price was at $5.00.
• TD Securities downgraded the previous rating for Canadian Natural Resources Ltd CNQ from Action List Buy to Buy. In the third quarter, Canadian Natural Res showed an EPS of $2.37, compared to $1.41 from the year-ago quarter. The current stock performance of Canadian Natural Res shows a 52-week-high of $70.60 and a 52-week-low of $42.32. Moreover, at the end of the last trading period, the closing price was at $60.01.
• According to Benchmark, the prior rating for MKS Instruments Inc MKSI was changed from Buy to Hold. MKS Instruments earned $2.74 in the third quarter, compared to $2.79 in the year-ago quarter. The stock has a 52-week-high of $181.03 and a 52-week-low of $68.35. At the end of the last trading period, MKS Instruments closed at $69.17.
• For Twilio Inc TWLO, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Twilio earned $0.27 in the third quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $266.74 and a 52-week-low of $62.10. At the end of the last trading period, Twilio closed at $65.36.
• According to Goldman Sachs, the prior rating for Petroleo Brasileiro SA Petrobras PBR was changed from Buy to Neutral. In the second quarter, Petrobras Brasileiro showed an EPS of $1.68, compared to $1.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.32 and a 52-week-low of $10.71. Petrobras Brasileiro closed at $13.05 at the end of the last trading period.
• Cowen & Co. downgraded the previous rating for Twilio Inc TWLO from Outperform to Market Perform. In the third quarter, Twilio showed an EPS of $0.27, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $266.74 and a 52-week-low of $62.10. At the end of the last trading period, Twilio closed at $65.36.
• According to Oppenheimer, the prior rating for Aurinia Pharmaceuticals Inc AUPH was changed from Outperform to Perform. Aurinia Pharmaceuticals earned $0.06 in the third quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.42 and a 52-week-low of $5.03. Aurinia Pharmaceuticals closed at $5.18 at the end of the last trading period.
• According to B of A Securities, the prior rating for Lincoln National Corp LNC was changed from Buy to Neutral. Lincoln National earned $1.39 in the third quarter, compared to $1.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $76.40 and a 52-week-low of $34.77. Lincoln National closed at $34.83 at the end of the last trading period.
• According to Truist Securities, the prior rating for BigCommerce Holdings Inc BIGC was changed from Buy to Hold. For the third quarter, BigCommerce Holdings had an EPS of $0.15, compared to year-ago quarter EPS of $0.06. The current stock performance of BigCommerce Holdings shows a 52-week-high of $37.75 and a 52-week-low of $12.01. Moreover, at the end of the last trading period, the closing price was at $13.25.
• According to William Blair, the prior rating for DermTech Inc DMTK was changed from Outperform to Market Perform. In the third quarter, DermTech showed an EPS of $0.96, compared to $0.68 from the year-ago quarter. The stock has a 52-week-high of $17.68 and a 52-week-low of $2.81. At the end of the last trading period, DermTech closed at $3.00.
• For Frontdoor Inc FTDR, Raymond James downgraded the previous rating of Outperform to Market Perform. Frontdoor earned $0.56 in the third quarter, compared to $0.91 in the year-ago quarter. The current stock performance of Frontdoor shows a 52-week-high of $39.01 and a 52-week-low of $19.70. Moreover, at the end of the last trading period, the closing price was at $24.16.
• According to Raymond James, the prior rating for EchoStar Corp SATS was changed from Strong Buy to Outperform. For the third quarter, EchoStar had an EPS of $0.27, compared to year-ago quarter EPS of $0.38. The current stock performance of EchoStar shows a 52-week-high of $27.36 and a 52-week-low of $15.26. Moreover, at the end of the last trading period, the closing price was at $17.11.
• According to JP Morgan, the prior rating for GoPro Inc GPRO was changed from Overweight to Neutral. In the third quarter, GoPro showed an EPS of $0.19, compared to $0.34 from the year-ago quarter. The current stock performance of GoPro shows a 52-week-high of $11.11 and a 52-week-low of $4.80. Moreover, at the end of the last trading period, the closing price was at $5.00.
• For Funko Inc FNKO, Truist Securities downgraded the previous rating of Buy to Hold. For the third quarter, Funko had an EPS of $0.28, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $27.79 and a 52-week-low of $15.28. At the end of the last trading period, Funko closed at $19.50.
• For Spirit AeroSystems Holdings Inc SPR, Baird downgraded the previous rating of Outperform to Neutral. In the third quarter, Spirit AeroSystems Hldgs showed an EPS of $0.15, compared to $1.13 from the year-ago quarter. The current stock performance of Spirit AeroSystems Hldgs shows a 52-week-high of $53.31 and a 52-week-low of $21.14. Moreover, at the end of the last trading period, the closing price was at $22.25.
• For Viavi Solutions Inc VIAV, B. Riley Securities downgraded the previous rating of Buy to Neutral. For the first quarter, Viavi Solutions had an EPS of $0.23, compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $18.14 and a 52-week-low of $12.65. At the end of the last trading period, Viavi Solutions closed at $14.31.
• Canaccord Genuity downgraded the previous rating for Kratos Defense & Security Solutions Inc KTOS from Buy to Hold. Kratos Defense & Security earned $0.08 in the third quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $22.26 and a 52-week-low of $9.06. Kratos Defense & Security closed at $10.80 at the end of the last trading period.
• For Atlassian Corp TEAM, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the first quarter, Atlassian showed an EPS of $0.36, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $380.63 and a 52-week-low of $159.54. At the end of the last trading period, Atlassian closed at $174.17.
• HC Wainwright & Co. downgraded the previous rating for Calyxt Inc CLXT from Buy to Neutral. For the third quarter, Calyxt had an EPS of $0.13, compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $2.51 and a 52-week-low of $0.14. At the end of the last trading period, Calyxt closed at $0.14.
• For WideOpenWest Inc WOW, Keybanc downgraded the previous rating of Overweight to Sector Weight. In the third quarter, WideOpenWest showed an EPS of $0.01, compared to $0.01 from the year-ago quarter. The current stock performance of WideOpenWest shows a 52-week-high of $22.94 and a 52-week-low of $10.98. Moreover, at the end of the last trading period, the closing price was at $11.20.
• For Arconic Corp ARNC, Deutsche Bank downgraded the previous rating of Buy to Hold. Arconic earned $0.05 in the third quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Arconic shows a 52-week-high of $35.74 and a 52-week-low of $16.33. Moreover, at the end of the last trading period, the closing price was at $18.89.
• For ACADIA Pharmaceuticals Inc ACAD, Goldman Sachs downgraded the previous rating of Neutral to Sell. In the third quarter, ACADIA Pharmaceuticals showed an EPS of $0.17, compared to $0.09 from the year-ago quarter. The current stock performance of ACADIA Pharmaceuticals shows a 52-week-high of $28.05 and a 52-week-low of $12.24. Moreover, at the end of the last trading period, the closing price was at $14.82.
• Piper Sandler downgraded the previous rating for Lincoln National Corp LNC from Overweight to Neutral. Lincoln National earned $1.39 in the third quarter, compared to $1.62 in the year-ago quarter. The stock has a 52-week-high of $76.40 and a 52-week-low of $34.77. At the end of the last trading period, Lincoln National closed at $34.83.
• According to JP Morgan, the prior rating for Funko Inc FNKO was changed from Overweight to Neutral. Funko earned $0.28 in the third quarter, compared to $0.39 in the year-ago quarter. The stock has a 52-week-high of $27.79 and a 52-week-low of $15.28. At the end of the last trading period, Funko closed at $19.50.
• JP Morgan downgraded the previous rating for C4 Therapeutics Inc CCCC from Overweight to Neutral. C4 Therapeutics earned $0.65 in the third quarter, compared to $0.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.76 and a 52-week-low of $4.84. C4 Therapeutics closed at $9.90 at the end of the last trading period.
• For Lightspeed Commerce Inc LSPD, Piper Sandler downgraded the previous rating of Overweight to Neutral. Lightspeed Commerce earned $0.05 in the second quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Lightspeed Commerce shows a 52-week-high of $41.50 and a 52-week-low of $14.55. Moreover, at the end of the last trading period, the closing price was at $14.61.

See all analyst ratings downgrades.

Initiations

• With a Buy rating, Stifel initiated coverage on RXO Inc RXO. The price target seems to have been set at $20.00 for RXO. At the moment, the stock has a 52-week-high of $20.86 and a 52-week-low of $15.17. RXO closed at $16.02 at the end of the last trading period.
• With a Neutral rating, Citigroup initiated coverage on AvePoint Inc AVPT. The price target seems to have been set at $4.50 for AvePoint. In the second quarter, AvePoint showed an EPS of $0.04, compared to $3.09 from the year-ago quarter. The stock has a 52-week-high of $6.70 and a 52-week-low of $3.40. At the end of the last trading period, AvePoint closed at $3.79.
• Janney Montgomery Scott initiated coverage on Enovix Corp ENVX with a Buy rating. The price target for Enovix is set to $23.00. In the third quarter, Enovix showed an EPS of $0.15, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.17 and a 52-week-low of $7.26. Enovix closed at $10.74 at the end of the last trading period.
• With an Overweight rating, Morgan Stanley initiated coverage on ProFrac Holding Corp ACDC. The price target seems to have been set at $30.00 for ProFrac Holding. The stock has a 52-week-high of $22.78 and a 52-week-low of $20.55. At the end of the last trading period, ProFrac Holding closed at $22.69.
• Ladenburg Thalmann initiated coverage on Peak Bio Inc PKBO with a Buy rating. The price target for Peak Bio is set to $15.00. The current stock performance of Peak Bio shows a 52-week-high of $10.79 and a 52-week-low of $3.80. Moreover, at the end of the last trading period, the closing price was at $3.80.
• For PepsiCo Inc PEP, Redburn Partners initiated coverage, by setting the current rating at Sell. For the third quarter, PepsiCo had an EPS of $1.97, compared to year-ago quarter EPS of $1.79. The current stock performance of PepsiCo shows a 52-week-high of $183.58 and a 52-week-low of $153.37. Moreover, at the end of the last trading period, the closing price was at $177.78.
• Raymond James initiated coverage on Webster Financial Corp WBS with an Outperform rating. The price target for Webster Finl is set to $60.00. Webster Finl earned $1.46 in the third quarter, compared to $1.08 in the year-ago quarter. The stock has a 52-week-high of $65.00 and a 52-week-low of $40.72. At the end of the last trading period, Webster Finl closed at $52.34.
• BTIG initiated coverage on WeWork Inc WE with a Buy rating. The price target for WeWork is set to $7.50. For the second quarter, WeWork had an EPS of $0.76, compared to year-ago quarter EPS of $6.12. The stock has a 52-week-high of $9.83 and a 52-week-low of $1.94. At the end of the last trading period, WeWork closed at $2.56.

See all analyst ratings initiations.