Benzinga's Top Ratings Upgrades, Downgrades For December 2, 2022

Upgrades

For UDR Inc UDR, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, UDR showed an EPS of $0.60, compared to $0.51 from the year-ago quarter. The stock has a 52-week-high of $61.06 and a 52-week-low of $37.18. At the end of the last trading period, UDR closed at $40.88.

Canaccord Genuity upgraded the previous rating for The Toronto-Dominion Bank TD from Hold to Buy. For the fourth quarter, Toronto-Dominion Bank had an EPS of $1.64, compared to year-ago quarter EPS of $1.66. The current stock performance of Toronto-Dominion Bank shows a 52-week-high of $86.02 and a 52-week-low of $57.27. Moreover, at the end of the last trading period, the closing price was at $68.37.

See all analyst ratings upgrades.

Downgrades

China Renaissance downgraded the previous rating for XPeng Inc XPEV from Buy to Hold. For the third quarter, XPeng had an EPS of $0.36, compared to year-ago quarter EPS of $0.27. The stock has a 52-week-high of $56.45 and a 52-week-low of $6.18. At the end of the last trading period, XPeng closed at $9.97.

Canaccord Genuity downgraded the previous rating for Canadian Imperial Bank of Commerce CM from Buy to Hold. Canadian Imperial Bank earned $1.05 in the fourth quarter, compared to $1.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $132.48 and a 52-week-low of $39.72. Canadian Imperial Bank closed at $44.53 at the end of the last trading period.

Baird downgraded the previous rating for National Storage Affiliates Trust NSA from Outperform to Neutral. For the third quarter, National Storage had an EPS of $0.72, compared to year-ago quarter EPS of $0.57. At the moment, the stock has a 52-week-high of $70.04 and a 52-week-low of $36.75. National Storage closed at $39.76 at the end of the last trading period.

According to BMO Capital, the prior rating for Pebblebrook Hotel Trust PEB was changed from Outperform to Market Perform. In the third quarter, Pebblebrook Hotel showed an EPS of $0.66, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $26.14 and a 52-week-low of $14.01. At the end of the last trading period, Pebblebrook Hotel closed at $16.61.

For The Hain Celestial Group Inc HAIN, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. For the first quarter, Hain Celestial Group had an EPS of $0.10, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $43.53 and a 52-week-low of $15.23. Hain Celestial Group closed at $18.74 at the end of the last trading period.

Barclays downgraded the previous rating for Black Knight Inc BKI from Overweight to Equal-Weight. Black Knight earned $0.56 in the third quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Black Knight shows a 52-week-high of $84.27 and a 52-week-low of $52.00. Moreover, at the end of the last trading period, the closing price was at $61.95.

Barclays downgraded the previous rating for Bright Horizons Family Solutions Inc BFAM from Overweight to Equal-Weight. Bright Horizons Family earned $0.66 in the third quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $140.02 and a 52-week-low of $54.19. At the end of the last trading period, Bright Horizons Family closed at $74.84.

For Ecolab Inc ECL, Barclays downgraded the previous rating of Overweight to Equal-Weight. Ecolab earned $1.30 in the third quarter, compared to $1.38 in the year-ago quarter. The current stock performance of Ecolab shows a 52-week-high of $237.38 and a 52-week-low of $131.04. Moreover, at the end of the last trading period, the closing price was at $151.94.

According to Barclays, the prior rating for TransUnion TRU was changed from Overweight to Equal-Weight. In the third quarter, TransUnion showed an EPS of $0.93, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $120.36 and a 52-week-low of $50.32. TransUnion closed at $62.47 at the end of the last trading period.

According to Barclays, the prior rating for Blackstone Inc BX was changed from Overweight to Equal-Weight. For the third quarter, Blackstone had an EPS of $1.06, compared to year-ago quarter EPS of $1.28. The current stock performance of Blackstone shows a 52-week-high of $146.04 and a 52-week-low of $79.55. Moreover, at the end of the last trading period, the closing price was at $85.04.

According to Morgan Stanley, the prior rating for AvalonBay Communities Inc AVB was changed from Overweight to Equal-Weight. For the third quarter, AvalonBay Communities had an EPS of $2.50, compared to year-ago quarter EPS of $2.06. At the moment, the stock has a 52-week-high of $259.05 and a 52-week-low of $158.35. AvalonBay Communities closed at $174.18 at the end of the last trading period.

According to Oppenheimer, the prior rating for AppHarvest Inc APPH was changed from Outperform to Perform. For the third quarter, AppHarvest had an EPS of $0.23, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $7.05 and a 52-week-low of $0.83. At the end of the last trading period, AppHarvest closed at $0.90.

RBC Capital downgraded the previous rating for DoorDash Inc DASH from Outperform to Sector Perform. For the third quarter, DoorDash had an EPS of $0.77, compared to year-ago quarter EPS of $0.30. The current stock performance of DoorDash shows a 52-week-high of $185.28 and a 52-week-low of $41.37. Moreover, at the end of the last trading period, the closing price was at $57.12.

According to Baird, the prior rating for Asana Inc ASAN was changed from Outperform to Neutral. Asana earned $0.26 in the third quarter, compared to $0.23 in the year-ago quarter. The current stock performance of Asana shows a 52-week-high of $105.98 and a 52-week-low of $15.67. Moreover, at the end of the last trading period, the closing price was at $18.08.

According to Wolfe Research, the prior rating for Salesforce Inc CRM was changed from Outperform to Peer Perform. For the third quarter, Salesforce had an EPS of $1.40, compared to year-ago quarter EPS of $1.27. The stock has a 52-week-high of $276.94 and a 52-week-low of $136.04. At the end of the last trading period, Salesforce closed at $147.00.

Wolfe Research downgraded the previous rating for Edwards Lifesciences Corp EW from Outperform to Peer Perform. In the third quarter, Edwards Lifesciences showed an EPS of $0.61, compared to $0.54 from the year-ago quarter. The stock has a 52-week-high of $131.73 and a 52-week-low of $67.13. At the end of the last trading period, Edwards Lifesciences closed at $77.56.

According to Wedbush, the prior rating for Cheesecake Factory Inc CAKE was changed from Outperform to Neutral. In the third quarter, Cheesecake Factory showed an EPS of $0.03, compared to $0.65 from the year-ago quarter. The stock has a 52-week-high of $44.65 and a 52-week-low of $26.05. At the end of the last trading period, Cheesecake Factory closed at $34.65.

For SQZ Biotechnologies Co SQZ, HC Wainwright & Co. downgraded the previous rating of Buy to Neutral. In the third quarter, SQZ Biotechnologies showed an EPS of $0.77, compared to $0.80 from the year-ago quarter. The current stock performance of SQZ Biotechnologies shows a 52-week-high of $13.53 and a 52-week-low of $1.74. Moreover, at the end of the last trading period, the closing price was at $1.78.

Citigroup downgraded the previous rating for Rio Tinto PLC RIO from Buy to Neutral. NoneThe current stock performance of Rio Tinto shows a 52-week-high of $84.69 and a 52-week-low of $50.91. Moreover, at the end of the last trading period, the closing price was at $69.18.

According to Piper Sandler, the prior rating for Asana Inc ASAN was changed from Overweight to Neutral. For the third quarter, Asana had an EPS of $0.26, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $105.98 and a 52-week-low of $15.67. At the end of the last trading period, Asana closed at $18.08.

For CrowdStrike Holdings Inc CRWD, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. For the third quarter, CrowdStrike Holdings had an EPS of $0.40, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $242.00 and a 52-week-low of $108.89. At the end of the last trading period, CrowdStrike Holdings closed at $124.07.

See all analyst ratings downgrades.

Initiations

UBS initiated coverage on IAC Inc IAC with a Sell rating. The price target for IAC is set to $46.00. IAC earned $0.74 in the third quarter, compared to $0.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $140.77 and a 52-week-low of $43.80. IAC closed at $52.47 at the end of the last trading period.

UBS initiated coverage on Angi Inc ANGI with a Sell rating. The price target for Angi is set to $2.00. For the third quarter, Angi had an EPS of $0.03, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $10.28 and a 52-week-low of $1.81. At the end of the last trading period, Angi closed at $2.28.

For Rumble Inc RUM, Oppenheimer initiated coverage, by setting the current rating at Perform. The stock has a 52-week-high of $17.23 and a 52-week-low of $6.35. At the end of the last trading period, Rumble closed at $8.86.

With a Buy rating, Stifel initiated coverage on Lumentum Holdings Inc LITE. The price target seems to have been set at $68.00 for Lumentum Holdings. For the first quarter, Lumentum Holdings had an EPS of $1.69, compared to year-ago quarter EPS of $1.79. The stock has a 52-week-high of $108.90 and a 52-week-low of $52.12. At the end of the last trading period, Lumentum Holdings closed at $54.35.

With a Buy rating, UBS initiated coverage on Zillow Group Inc ZG. The price target seems to have been set at $50.00 for Zillow Gr. For the third quarter, Zillow Gr had an EPS of $0.38, compared to year-ago quarter EPS of $0.95. The stock has a 52-week-high of $65.16 and a 52-week-low of $26.21. At the end of the last trading period, Zillow Gr closed at $37.92.

UBS initiated coverage on Compass Inc COMP with a Neutral rating. The price target for Compass is set to $2.75. Compass earned $0.36 in the third quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $11.02 and a 52-week-low of $1.84. At the end of the last trading period, Compass closed at $3.21.

Truist Securities initiated coverage on AerSale Corp ASLE with a Buy rating. The price target for AerSale is set to $19.00. For the third quarter, AerSale had an EPS of $0.03, compared to year-ago quarter EPS of $0.22. The current stock performance of AerSale shows a 52-week-high of $21.76 and a 52-week-low of $12.78. Moreover, at the end of the last trading period, the closing price was at $15.77.

With an Outperform rating, Wedbush initiated coverage on Cresco Labs Inc CRLBF. The price target seems to have been set at $4.50 for Cresco Labs. In the third quarter, Cresco Labs showed an EPS of $0.03, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $8.65 and a 52-week-low of $2.39. At the end of the last trading period, Cresco Labs closed at $3.55.

Alliance Global Partners initiated coverage on HeartBeam Inc BEAT with a Buy rating. The price target for HeartBeam is set to $10.00. HeartBeam earned $0.44 in the third quarter, compared to $0.32 in the year-ago quarter. The stock has a 52-week-high of $6.74 and a 52-week-low of $1.12. At the end of the last trading period, HeartBeam closed at $4.26.

BTIG initiated coverage on Biohaven Ltd BHVN with a Buy rating. The price target for Biohaven is set to $24.00. For the third quarter, Biohaven had an EPS of $1.25, compared to year-ago quarter EPS of $1.91. The current stock performance of Biohaven shows a 52-week-high of $152.56 and a 52-week-low of $7.10. Moreover, at the end of the last trading period, the closing price was at $16.53.

With a Hold rating, Stifel initiated coverage on Solid Power Inc SLDP. The price target seems to have been set at $5.00 for Solid Power. For the third quarter, Solid Power had an EPS of $0.07, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $14.85 and a 52-week-low of $2.88. At the end of the last trading period, Solid Power closed at $3.43.

Stifel initiated coverage on Eos Energy Enterprises Inc EOSE with a Buy rating. The price target for Eos Energy Enterprises is set to $11.00. Eos Energy Enterprises earned $1.12 in the third quarter, compared to $0.34 in the year-ago quarter. The current stock performance of Eos Energy Enterprises shows a 52-week-high of $10.22 and a 52-week-low of $0.95. Moreover, at the end of the last trading period, the closing price was at $1.04.

With a Hold rating, Jefferies initiated coverage on Nayax Ltd NYAX. The price target seems to have been set at $22.00 for Nayax. For the third quarter, Nayax had an EPS of $0.30, compared to year-ago quarter EPS of $0.21.

Jefferies initiated coverage on ZeroFox Holdings Inc ZFOX with a Hold rating. The price target for ZeroFox Holdings is set to $5.00. The current stock performance of ZeroFox Holdings shows a 52-week-high of $15.65 and a 52-week-low of $3.26. Moreover, at the end of the last trading period, the closing price was at $4.51.

Piper Sandler initiated coverage on Qualys Inc QLYS with a Neutral rating. The price target for Qualys is set to $138.00. For the third quarter, Qualys had an EPS of $0.94, compared to year-ago quarter EPS of $0.86. The current stock performance of Qualys shows a 52-week-high of $162.36 and a 52-week-low of $107.69. Moreover, at the end of the last trading period, the closing price was at $124.93.

HC Wainwright & Co. initiated coverage on ImmunoPrecise Antibodies Ltd IPA with a Buy rating. The price target for ImmunoPrecise Antibodies is set to $9.00. For the first quarter, ImmunoPrecise Antibodies had an EPS of $0.30, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $6.79 and a 52-week-low of $3.51. ImmunoPrecise Antibodies closed at $4.93 at the end of the last trading period.

Wedbush initiated coverage on Green Thumb Industries Inc GTBIF with an Outperform rating. The price target for Green Thumb Industries is set to $18.00. Green Thumb Industries earned $0.04 in the third quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $23.47 and a 52-week-low of $7.72. At the end of the last trading period, Green Thumb Industries closed at $14.52.

HC Wainwright & Co. initiated coverage on Candel Therapeutics Inc CADL with a Buy rating. The price target for Candel Therapeutics is set to $11.00. Candel Therapeutics earned $0.30 in the third quarter, compared to $0.69 in the year-ago quarter. The current stock performance of Candel Therapeutics shows a 52-week-high of $10.40 and a 52-week-low of $1.47. Moreover, at the end of the last trading period, the closing price was at $1.80.

Wedbush initiated coverage on Trulieve Cannabis Corp TCNNF with an Outperform rating. The price target for Trulieve Cannabis is set to $18.00. For the third quarter, Trulieve Cannabis had an EPS of $0.02, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $28.00 and a 52-week-low of $8.29. At the end of the last trading period, Trulieve Cannabis closed at $13.80.

Wedbush initiated coverage on Curaleaf Holdings Inc CURLF with an Outperform rating. The price target for Curaleaf Holdings is set to $8.50. In the third quarter, Curaleaf Holdings showed an EPS of $0.07, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $9.98 and a 52-week-low of $4.48. At the end of the last trading period, Curaleaf Holdings closed at $7.02.

With a Buy rating, Stifel initiated coverage on Coherent Corp COHR. The price target seems to have been set at $48.00 for Coherent. For the first quarter, Coherent had an EPS of $1.04, compared to year-ago quarter EPS of $2.32.

With a Hold rating, Stifel initiated coverage on Viavi Solutions Inc VIAV. The price target seems to have been set at $12.00 for Viavi Solutions. In the first quarter, Viavi Solutions showed an EPS of $0.23, compared to $0.24 from the year-ago quarter. The current stock performance of Viavi Solutions shows a 52-week-high of $18.14 and a 52-week-low of $10.04. Moreover, at the end of the last trading period, the closing price was at $11.36.

B. Riley Securities initiated coverage on Amprius Technologies Inc AMPX with a Buy rating. The price target for Amprius Technologies is set to $14.00. At the moment, the stock has a 52-week-high of $26.01 and a 52-week-low of $5.64. Amprius Technologies closed at $10.23 at the end of the last trading period.

With a Buy rating, B. Riley Securities initiated coverage on Enovix Corp ENVX. The price target seems to have been set at $19.00 for Enovix. For the third quarter, Enovix had an EPS of $0.15, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $36.72 and a 52-week-low of $7.26. At the end of the last trading period, Enovix closed at $12.28.

Chardan Capital initiated coverage on Applied Molecular Transport Inc AMTI with a Buy rating. The price target for Applied Molecular is set to $3.00. Applied Molecular earned $0.65 in the third quarter, compared to $0.68 in the year-ago quarter. The stock has a 52-week-high of $17.91 and a 52-week-low of $0.80. At the end of the last trading period, Applied Molecular closed at $1.00.

See all analyst ratings initiations.