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

Upgrades

According to Citigroup, the prior rating for Pegasystems Inc PEGA was changed from Neutral to Buy. In the third quarter, Pegasystems showed an EPS of $0.34, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $102.50 and a 52-week-low of $29.05. Pegasystems closed at $35.62 at the end of the last trading period.

Mizuho upgraded the previous rating for Oatly Group AB OTLY from Neutral to Buy. Oatly Group earned $0.18 in the third quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $7.98 and a 52-week-low of $1.28. At the end of the last trading period, Oatly Group closed at $2.69.

Barclays upgraded the previous rating for Magellan Midstream Partners LP MMP from Equal-Weight to Overweight. For the third quarter, Magellan Midstream had an EPS of $1.29, compared to year-ago quarter EPS of $1.09. At the moment, the stock has a 52-week-high of $54.40 and a 52-week-low of $44.79. Magellan Midstream closed at $52.65 at the end of the last trading period.

Raymond James upgraded the previous rating for Natera Inc NTRA from Market Perform to Outperform. Natera earned $1.25 in the third quarter, compared to $1.63 in the year-ago quarter. The current stock performance of Natera shows a 52-week-high of $74.82 and a 52-week-low of $26.10. Moreover, at the end of the last trading period, the closing price was at $40.00.

According to Raymond James, the prior rating for Myriad Genetics Inc MYGN was changed from Market Perform to Outperform. In the third quarter, Myriad Genetics showed an EPS of $0.19, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.18 and a 52-week-low of $13.92. Myriad Genetics closed at $18.56 at the end of the last trading period.

For Willis Towers Watson PLC WTW, Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. In the third quarter, Willis Towers Watson showed an EPS of $2.20, compared to $1.73 from the year-ago quarter. The stock has a 52-week-high of $258.43 and a 52-week-low of $187.89. At the end of the last trading period, Willis Towers Watson closed at $252.20.

For Gap Inc GPS, Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. For the third quarter, Gap had an EPS of $0.71, compared to year-ago quarter EPS of $0.27. The current stock performance of Gap shows a 52-week-high of $18.46 and a 52-week-low of $7.79. Moreover, at the end of the last trading period, the closing price was at $12.83.

Morgan Stanley upgraded the previous rating for Seagate Technology Holdings PLC STX from Equal-Weight to Overweight. In the first quarter, Seagate Tech Hldgs showed an EPS of $0.48, compared to $2.35 from the year-ago quarter. The stock has a 52-week-high of $117.03 and a 52-week-low of $47.47. At the end of the last trading period, Seagate Tech Hldgs closed at $56.98.

According to Evercore ISI Group, the prior rating for GoDaddy Inc GDDY was changed from In-Line to Outperform. GoDaddy earned $0.63 in the third quarter, compared to $0.58 in the year-ago quarter. The current stock performance of GoDaddy shows a 52-week-high of $88.32 and a 52-week-low of $64.65. Moreover, at the end of the last trading period, the closing price was at $75.83.

According to Citigroup, the prior rating for Check Point Software Technologies Ltd CHKP was changed from Sell to Neutral. Check Point Software earned $1.77 in the third quarter, compared to $1.65 in the year-ago quarter. The current stock performance of Check Point Software shows a 52-week-high of $149.62 and a 52-week-low of $107.54. Moreover, at the end of the last trading period, the closing price was at $130.03.

See all analyst ratings upgrades.

Downgrades

For Snap Inc SNAP, OTR Global downgraded the previous rating of Positive to Mixed. For the third quarter, Snap had an EPS of $0.08, compared to year-ago quarter EPS of $0.17. The current stock performance of Snap shows a 52-week-high of $41.97 and a 52-week-low of $7.33. Moreover, at the end of the last trading period, the closing price was at $9.67.

Redburn Partners downgraded the previous rating for Exxon Mobil Corp XOM from Neutral to Sell. In the third quarter, Exxon Mobil showed an EPS of $4.45, compared to $1.58 from the year-ago quarter. At the moment, the stock has a 52-week-high of $114.66 and a 52-week-low of $69.81. Exxon Mobil closed at $112.93 at the end of the last trading period.

SMBC Nikko downgraded the previous rating for PayPal Holdings Inc PYPL from Neutral to Underperform. PayPal Holdings earned $1.08 in the third quarter, compared to $1.11 in the year-ago quarter. The current stock performance of PayPal Holdings shows a 52-week-high of $182.00 and a 52-week-low of $66.39. Moreover, at the end of the last trading period, the closing price was at $80.18.

For Arthur J. Gallagher & Co AJG, Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. In the third quarter, Arthur J. Gallagher showed an EPS of $1.72, compared to $1.33 from the year-ago quarter. The current stock performance of Arthur J. Gallagher shows a 52-week-high of $201.51 and a 52-week-low of $147.32. Moreover, at the end of the last trading period, the closing price was at $195.65.

DA Davidson downgraded the previous rating for Paya Holdings Inc PAYA from Buy to Neutral. In the third quarter, Paya Holdings showed an EPS of $0.09, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $9.72 and a 52-week-low of $4.51. At the end of the last trading period, Paya Holdings closed at $9.70.

For Stronghold Digital Mining Inc SDIG, Compass Point downgraded the previous rating of Buy to Neutral. Stronghold Digital Mining earned $0.07 in the third quarter, compared to $0.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.43 and a 52-week-low of $0.40. Stronghold Digital Mining closed at $0.70 at the end of the last trading period.

Stephens & Co. downgraded the previous rating for Signature Bank SBNY from Overweight to Equal-Weight. Signature Bank earned $4.65 in the fourth quarter, compared to $4.34 in the year-ago quarter. The stock has a 52-week-high of $374.76 and a 52-week-low of $106.81. At the end of the last trading period, Signature Bank closed at $121.18.

B of A Securities downgraded the previous rating for Levi Strauss & Co LEVI from Buy to Neutral. For the third quarter, Levi Strauss had an EPS of $0.40, compared to year-ago quarter EPS of $0.48. At the moment, the stock has a 52-week-high of $24.22 and a 52-week-low of $13.57. Levi Strauss closed at $16.28 at the end of the last trading period.

According to B of A Securities, the prior rating for Graphite Bio Inc GRPH was changed from Buy to Neutral. For the third quarter, Graphite Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $11.30 and a 52-week-low of $1.59. At the end of the last trading period, Graphite Bio closed at $2.05.

Citigroup downgraded the previous rating for BlackLine Inc BL from Neutral to Sell. For the third quarter, BlackLine had an EPS of $0.21, compared to year-ago quarter EPS of $0.24. At the moment, the stock has a 52-week-high of $93.11 and a 52-week-low of $48.73. BlackLine closed at $70.16 at the end of the last trading period.

According to HC Wainwright & Co., the prior rating for Neovasc Inc NVCN was changed from Buy to Neutral. In the third quarter, Neovasc showed an EPS of $3.00, compared to $2.75 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.28 and a 52-week-low of $0.29. Neovasc closed at $27.80 at the end of the last trading period.

According to HC Wainwright & Co., the prior rating for Amryt Pharma PLC AMYT was changed from Buy to Neutral. In the third quarter, Amryt Pharma showed an EPS of $0.06, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $14.77 and a 52-week-low of $5.61. At the end of the last trading period, Amryt Pharma closed at $14.70.

According to Cowen & Co., the prior rating for YETI Holdings Inc YETI was changed from Outperform to Market Perform. For the third quarter, YETI Holdings had an EPS of $0.63, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $71.89 and a 52-week-low of $27.86. At the end of the last trading period, YETI Holdings closed at $45.21.

For Chegg Inc CHGG, Needham downgraded the previous rating of Buy to Hold. In the third quarter, Chegg showed an EPS of $0.21, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.64 and a 52-week-low of $15.66. Chegg closed at $24.44 at the end of the last trading period.

Barclays downgraded the previous rating for Williams Companies Inc WMB from Overweight to Equal-Weight. In the third quarter, Williams Companies showed an EPS of $0.48, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.97 and a 52-week-low of $27.32. Williams Companies closed at $32.78 at the end of the last trading period.

Barclays downgraded the previous rating for UGI Corp UGI from Equal-Weight to Underweight. In the fourth quarter, UGI showed an EPS of $0.00, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $47.04 and a 52-week-low of $31.19. At the end of the last trading period, UGI closed at $40.49.

According to Raymond James, the prior rating for Mercantile Bank Corp MBWM was changed from Outperform to Market Perform. In the fourth quarter, Mercantile Bank showed an EPS of $1.37, compared to $0.74 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.01 and a 52-week-low of $29.26. Mercantile Bank closed at $36.59 at the end of the last trading period.

For Exact Sciences Corp EXAS, Raymond James downgraded the previous rating of Outperform to Market Perform. For the third quarter, Exact Sciences had an EPS of $0.84, compared to year-ago quarter EPS of $0.79. The stock has a 52-week-high of $84.46 and a 52-week-low of $29.27. At the end of the last trading period, Exact Sciences closed at $68.38.

According to Raymond James, the prior rating for Veracyte Inc VCYT was changed from Outperform to Market Perform. Veracyte earned $0.12 in the third quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.23 and a 52-week-low of $14.85. Veracyte closed at $26.69 at the end of the last trading period.

For Monarch Casino & Resort Inc MCRI, Macquarie downgraded the previous rating of Outperform to Neutral. In the third quarter, Monarch Casino & Resort showed an EPS of $1.41, compared to $1.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $94.26 and a 52-week-low of $54.01. Monarch Casino & Resort closed at $79.22 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Skechers USA Inc SKX from Overweight to Equal-Weight. For the third quarter, Skechers USA had an EPS of $0.55, compared to year-ago quarter EPS of $0.66. The stock has a 52-week-high of $49.89 and a 52-week-low of $31.28. At the end of the last trading period, Skechers USA closed at $46.22.

According to Morgan Stanley, the prior rating for International Business Machines Corp IBM was changed from Overweight to Equal-Weight. For the third quarter, IBM had an EPS of $1.81, compared to year-ago quarter EPS of $2.52. At the moment, the stock has a 52-week-high of $153.21 and a 52-week-low of $115.55. IBM closed at $145.19 at the end of the last trading period.

For Morgan Stanley MS, Citigroup downgraded the previous rating of Buy to Neutral. For the fourth quarter, Morgan Stanley had an EPS of $1.31, compared to year-ago quarter EPS of $2.08. At the moment, the stock has a 52-week-high of $109.73 and a 52-week-low of $72.05. Morgan Stanley closed at $97.08 at the end of the last trading period.

For Extra Space Storage Inc EXR, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. For the third quarter, Extra Space Storage had an EPS of $2.21, compared to year-ago quarter EPS of $1.85. The current stock performance of Extra Space Storage shows a 52-week-high of $222.35 and a 52-week-low of $139.97. Moreover, at the end of the last trading period, the closing price was at $153.10.

According to JMP Securities, the prior rating for PennyMac Financial Services Inc PFSI was changed from Market Outperform to Market Perform. For the third quarter, PennyMac Financial Servs had an EPS of $2.46, compared to year-ago quarter EPS of $3.80. The current stock performance of PennyMac Financial Servs shows a 52-week-high of $69.69 and a 52-week-low of $38.53. Moreover, at the end of the last trading period, the closing price was at $64.19.

See all analyst ratings downgrades.

Initiations

With an Overweight rating, Cantor Fitzgerald initiated coverage on Prenetics Global Ltd PRE. The price target seems to have been set at $7.00 for Prenetics Global. In the third quarter, Prenetics Global showed an EPS of $0.30, compared to $2.65 from the year-ago quarter. The stock has a 52-week-high of $8.75 and a 52-week-low of $1.24. At the end of the last trading period, Prenetics Global closed at $1.53.

With a Buy rating, BWS Financial initiated coverage on Seadrill Ltd SDRL. The price target seems to have been set at $50.00 for Seadrill. Seadrill earned $0.36 in the third quarter, compared to $0.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.01 and a 52-week-low of $24.51. Seadrill closed at $35.18 at the end of the last trading period.

With a Hold rating, Canaccord Genuity initiated coverage on Vertex Pharmaceuticals Inc VRTX. The price target seems to have been set at $311.00 for Vertex Pharmaceuticals. Vertex Pharmaceuticals earned $4.01 in the third quarter, compared to $3.56 in the year-ago quarter. The current stock performance of Vertex Pharmaceuticals shows a 52-week-high of $324.75 and a 52-week-low of $221.69. Moreover, at the end of the last trading period, the closing price was at $311.98.

With a Buy rating, Canaccord Genuity initiated coverage on Sigilon Therapeutics Inc SGTX. The price target seems to have been set at $6.00 for Sigilon Therapeutics. In the third quarter, Sigilon Therapeutics showed an EPS of $0.27, compared to $0.63 from the year-ago quarter. The current stock performance of Sigilon Therapeutics shows a 52-week-high of $2.23 and a 52-week-low of $0.29. Moreover, at the end of the last trading period, the closing price was at $0.41.

Canaccord Genuity initiated coverage on Alnylam Pharmaceuticals Inc ALNY with a Buy rating. The price target for Alnylam Pharmaceuticals is set to $310.00. For the third quarter, Alnylam Pharmaceuticals had an EPS of $1.58, compared to year-ago quarter EPS of $1.59. The stock has a 52-week-high of $242.97 and a 52-week-low of $117.58. At the end of the last trading period, Alnylam Pharmaceuticals closed at $233.73.

With a Buy rating, Roth Capital initiated coverage on Membership Collective Group Inc MCG. The price target seems to have been set at $7.00 for Membership Collective. For the third quarter, Membership Collective had an EPS of $0.19, compared to year-ago quarter EPS of $0.72. The current stock performance of Membership Collective shows a 52-week-high of $10.98 and a 52-week-low of $3.08. Moreover, at the end of the last trading period, the closing price was at $5.10.

With a Buy rating, Roth Capital initiated coverage on Boyd Gaming Corp BYD. The price target seems to have been set at $70.00 for Boyd Gaming. For the third quarter, Boyd Gaming had an EPS of $1.48, compared to year-ago quarter EPS of $1.30. At the moment, the stock has a 52-week-high of $72.72 and a 52-week-low of $46.10. Boyd Gaming closed at $59.43 at the end of the last trading period.

Barclays initiated coverage on KeyCorp KEY with a Equal-Weight rating. The price target for KeyCorp is set to $34.00. In the third quarter, KeyCorp showed an EPS of $0.55, compared to $0.65 from the year-ago quarter. The stock has a 52-week-high of $27.17 and a 52-week-low of $15.26. At the end of the last trading period, KeyCorp closed at $18.02.

With a Equal-Weight rating, Barclays initiated coverage on Enerplus Corp ERF. The price target seems to have been set at $28.00 for Enerplus. Enerplus earned $0.87 in the third quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of $19.23 and a 52-week-low of $10.21. At the end of the last trading period, Enerplus closed at $17.58.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Kornit Digital Ltd KRNT. The price target seems to have been set at $27.00 for Kornit Digital. For the third quarter, Kornit Digital had an EPS of $0.21, compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $111.78 and a 52-week-low of $19.44. At the end of the last trading period, Kornit Digital closed at $26.82.

With an Outperform rating, BMO Capital initiated coverage on CrowdStrike Holdings Inc CRWD. The price target seems to have been set at $120.00 for CrowdStrike Holdings. In the third quarter, CrowdStrike Holdings showed an EPS of $0.40, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $242.00 and a 52-week-low of $92.25. CrowdStrike Holdings closed at $104.43 at the end of the last trading period.

DA Davidson initiated coverage on Shopify Inc SHOP with a Neutral rating. The price target for Shopify is set to $34.00. Shopify earned $0.02 in the third quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $1122.49 and a 52-week-low of $23.63. At the end of the last trading period, Shopify closed at $39.98.

Scotiabank initiated coverage on SentinelOne Inc S with a Sector Perform rating. The price target for SentinelOne is set to $13.00. For the third quarter, SentinelOne had an EPS of $0.16, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $48.46 and a 52-week-low of $12.69. SentinelOne closed at $14.51 at the end of the last trading period.

With a Buy rating, Ascendiant Capital initiated coverage on Duos Technologies Group Inc DUOT. The price target seems to have been set at $5.00 for Duos Technologies Group. For the third quarter, Duos Technologies Group had an EPS of $0.30, compared to year-ago quarter EPS of $0.68.

Mizuho initiated coverage on Palantir Technologies Inc PLTR with a Neutral rating. The price target for Palantir Technologies is set to $7.00. Palantir Technologies earned $0.01 in the third quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $16.25 and a 52-week-low of $5.92. At the end of the last trading period, Palantir Technologies closed at $7.07.

With a Buy rating, Deutsche Bank initiated coverage on Mobileye Global Inc MBLY. The price target seems to have been set at $48.00 for Mobileye Global. At the moment, the stock has a 52-week-high of $37.31 and a 52-week-low of $24.85. Mobileye Global closed at $31.55 at the end of the last trading period.

DA Davidson initiated coverage on Salesforce Inc CRM with a Neutral rating. The price target for Salesforce is set to $150.00. Salesforce earned $1.40 in the third quarter, compared to $1.27 in the year-ago quarter. The current stock performance of Salesforce shows a 52-week-high of $234.49 and a 52-week-low of $126.34. Moreover, at the end of the last trading period, the closing price was at $148.47.

DA Davidson initiated coverage on Adobe Inc ADBE with a Neutral rating. The price target for Adobe is set to $350.00. For the fourth quarter, Adobe had an EPS of $3.60, compared to year-ago quarter EPS of $3.20. The current stock performance of Adobe shows a 52-week-high of $540.46 and a 52-week-low of $274.73. Moreover, at the end of the last trading period, the closing price was at $344.38.

DA Davidson initiated coverage on Oracle Corp ORCL with a Neutral rating. The price target for Oracle is set to $85.00. For the second quarter, Oracle had an EPS of $1.21, compared to year-ago quarter EPS of $1.21. The current stock performance of Oracle shows a 52-week-high of $89.47 and a 52-week-low of $60.78. Moreover, at the end of the last trading period, the closing price was at $88.60.

With a Sector Outperform rating, Scotiabank initiated coverage on Check Point Software Technologies Ltd CHKP. The price target seems to have been set at $160.00 for Check Point Software. Check Point Software earned $1.77 in the third quarter, compared to $1.65 in the year-ago quarter. The current stock performance of Check Point Software shows a 52-week-high of $149.62 and a 52-week-low of $107.54. Moreover, at the end of the last trading period, the closing price was at $130.03.

Scotiabank initiated coverage on Zscaler Inc ZS with a Sector Outperform rating. The price target for Zscaler is set to $115.00. Zscaler earned $0.29 in the first quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $290.47 and a 52-week-low of $99.64. Zscaler closed at $113.51 at the end of the last trading period.

Scotiabank initiated coverage on Fortinet Inc FTNT with a Sector Outperform rating. The price target for Fortinet is set to $65.00. Fortinet earned $0.33 in the third quarter, compared to $0.20 in the year-ago quarter. The stock has a 52-week-high of $357.58 and a 52-week-low of $42.61. At the end of the last trading period, Fortinet closed at $50.10.

Wolfe Research initiated coverage on National Storage Affiliates Trust NSA with a Peer Perform rating. National Storage earned $0.72 in the third quarter, compared to $0.57 in the year-ago quarter. The current stock performance of National Storage shows a 52-week-high of $67.44 and a 52-week-low of $34.90. Moreover, at the end of the last trading period, the closing price was at $38.57.

With an Outperform rating, Wolfe Research initiated coverage on CubeSmart CUBE. The price target seems to have been set at $48.00 for CubeSmart. CubeSmart earned $0.66 in the third quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.95 and a 52-week-low of $36.82. CubeSmart closed at $42.39 at the end of the last trading period.

With a Sector Perform rating, Scotiabank initiated coverage on Informatica Inc INFA. The price target seems to have been set at $15.00 for Informatica. Informatica earned $0.18 in the third quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.50 and a 52-week-low of $14.96. Informatica closed at $16.67 at the end of the last trading period.

Rosenblatt initiated coverage on Coherent Corp COHR with a Buy rating. The price target for Coherent is set to $55.00. In the first quarter, Coherent showed an EPS of $1.04, compared to $2.32 from the year-ago quarter.

With an Outperform rating, Wedbush initiated coverage on Nuvalent Inc NUVL. The price target seems to have been set at $39.00 for Nuvalent. For the third quarter, Nuvalent had an EPS of $0.41, compared to year-ago quarter EPS of $0.39. The current stock performance of Nuvalent shows a 52-week-high of $40.43 and a 52-week-low of $7.09. Moreover, at the end of the last trading period, the closing price was at $33.30.

See all analyst ratings initiations.