Benzinga's Top Ratings Upgrades, Downgrades For February 13, 2023

Upgrades

Guggenheim upgraded the previous rating for Immunovant Inc IMVT from Neutral to Buy. In the third quarter, Immunovant showed an EPS of $0.49, compared to $0.36 from the year-ago quarter. The current stock performance of Immunovant shows a 52-week-high of $20.24 and a 52-week-low of $3.15. Moreover, at the end of the last trading period, the closing price was at $18.43.

For Proto Labs Inc PRLB, Benchmark upgraded the previous rating of Hold to Buy. Proto Labs earned $0.26 in the fourth quarter, compared to $0.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $61.14 and a 52-week-low of $22.04. Proto Labs closed at $34.43 at the end of the last trading period.

According to CLSA, the prior rating for Gaotu Techedu Inc GOTU was changed from Underperform to Outperform. For the third quarter, Gaotu Techedu had an EPS of $0.02, compared to year-ago quarter EPS of $0.60. The stock has a 52-week-high of $4.50 and a 52-week-low of $0.64. At the end of the last trading period, Gaotu Techedu closed at $3.03.

B of A Securities upgraded the previous rating for Ralph Lauren Corp RL from Neutral to Buy. In the third quarter, Ralph Lauren showed an EPS of $3.35, compared to $2.94 from the year-ago quarter. The stock has a 52-week-high of $135.99 and a 52-week-low of $82.23. At the end of the last trading period, Ralph Lauren closed at $118.21.

For Fastly Inc FSLY, B of A Securities upgraded the previous rating of Underperform to Buy. In the third quarter, Fastly showed an EPS of $0.14, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $29.99 and a 52-week-low of $7.15. At the end of the last trading period, Fastly closed at $9.87.

Credit Suisse upgraded the previous rating for AllianceBernstein Holding LP AB from Neutral to Outperform. For the fourth quarter, AllianceBernstein Holding had an EPS of $0.70, compared to year-ago quarter EPS of $1.29. At the moment, the stock has a 52-week-high of $51.05 and a 52-week-low of $31.31. AllianceBernstein Holding closed at $39.38 at the end of the last trading period.

For Masco Corp MAS, Deutsche Bank upgraded the previous rating of Sell to Hold. For the fourth quarter, Masco had an EPS of $0.65, compared to year-ago quarter EPS of $0.67. The stock has a 52-week-high of $60.14 and a 52-week-low of $42.33. At the end of the last trading period, Masco closed at $55.06.

For Zillow Group Inc ZG, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. In the third quarter, Zillow Gr showed an EPS of $0.38, compared to $0.95 from the year-ago quarter. The current stock performance of Zillow Gr shows a 52-week-high of $65.16 and a 52-week-low of $26.21. Moreover, at the end of the last trading period, the closing price was at $42.22.

For Progressive Corp PGR, Piper Sandler upgraded the previous rating of Underweight to Neutral. In the fourth quarter, Progressive showed an EPS of $1.50, compared to $1.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $139.89 and a 52-week-low of $100.81. Progressive closed at $138.73 at the end of the last trading period.

RBC Capital upgraded the previous rating for Verrica Pharmaceuticals Inc VRCA from Sector Perform to Outperform. For the third quarter, Verrica Pharmaceuticals had an EPS of $0.07, compared to year-ago quarter EPS of $0.47. The current stock performance of Verrica Pharmaceuticals shows a 52-week-high of $9.22 and a 52-week-low of $1.77. Moreover, at the end of the last trading period, the closing price was at $7.10.

For Brightcove Inc BCOV, Rosenblatt upgraded the previous rating of Neutral to Buy. In the third quarter, Brightcove showed an EPS of $0.05, compared to $0.05 from the year-ago quarter. The current stock performance of Brightcove shows a 52-week-high of $9.45 and a 52-week-low of $5.12. Moreover, at the end of the last trading period, the closing price was at $6.26.

For Five Below Inc FIVE, Roth Capital upgraded the previous rating of Neutral to Buy. For the third quarter, Five Below had an EPS of $0.29, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $202.94 and a 52-week-low of $109.49. Five Below closed at $201.64 at the end of the last trading period.

According to Exane BNP Paribas, the prior rating for Newmont Corp NEM was changed from Neutral to Outperform. Newmont earned $0.27 in the third quarter, compared to $0.60 in the year-ago quarter. The stock has a 52-week-high of $86.37 and a 52-week-low of $37.45. At the end of the last trading period, Newmont closed at $47.98.

See all analyst ratings upgrades.

Downgrades

For Globus Medical Inc GMED, B of A Securities downgraded the previous rating of Buy to Underperform. For the third quarter, Globus Medical had an EPS of $0.50, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of $81.78 and a 52-week-low of $52.60. Globus Medical closed at $60.28 at the end of the last trading period.

According to UBS, the prior rating for Zenvia Inc ZENV was changed from Buy to Neutral. Zenvia earned $0.13 in the third quarter, compared to $0.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.78 and a 52-week-low of $0.99. Zenvia closed at $1.21 at the end of the last trading period.

For CF Industries Holdings Inc CF, Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. For the third quarter, CF Industries Holdings had an EPS of $2.29, compared to year-ago quarter EPS of $1.02. At the moment, the stock has a 52-week-high of $119.60 and a 52-week-low of $66.95. CF Industries Holdings closed at $90.49 at the end of the last trading period.

Wolfe Research downgraded the previous rating for Qualys Inc QLYS from Outperform to Peer Perform. In the fourth quarter, Qualys showed an EPS of $1.01, compared to $0.84 from the year-ago quarter. At the moment, the stock has a 52-week-high of $162.36 and a 52-week-low of $101.10. Qualys closed at $121.54 at the end of the last trading period.

Craig-Hallum downgraded the previous rating for eGain Corp EGAN from Buy to Hold. For the first quarter, eGain had an EPS of $0.06, compared to year-ago quarter EPS of $0.08. The current stock performance of eGain shows a 52-week-high of $13.20 and a 52-week-low of $7.02. Moreover, at the end of the last trading period, the closing price was at $9.40.

According to Argus Research, the prior rating for WestRock Co WRK was changed from Buy to Hold. For the first quarter, WestRock had an EPS of $0.55, compared to year-ago quarter EPS of $0.65. The current stock performance of WestRock shows a 52-week-high of $54.78 and a 52-week-low of $30.08. Moreover, at the end of the last trading period, the closing price was at $33.06.

According to Argus Research, the prior rating for Church & Dwight Co Inc CHD was changed from Buy to Hold. For the fourth quarter, Church & Dwight Co had an EPS of $0.62, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $105.28 and a 52-week-low of $70.16. At the end of the last trading period, Church & Dwight Co closed at $82.89.

For Surmodics Inc SRDX, Needham downgraded the previous rating of Buy to Hold. Surmodics earned $0.50 in the first quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Surmodics shows a 52-week-high of $45.85 and a 52-week-low of $24.33. Moreover, at the end of the last trading period, the closing price was at $28.96.

According to Cowen & Co., the prior rating for Capri Holdings Ltd CPRI was changed from Outperform to Market Perform. Capri Holdings earned $1.84 in the third quarter, compared to $2.22 in the year-ago quarter. The current stock performance of Capri Holdings shows a 52-week-high of $72.37 and a 52-week-low of $36.90. Moreover, at the end of the last trading period, the closing price was at $49.85.

Piper Sandler downgraded the previous rating for Conifer Holdings Inc CNFR from Neutral to Underweight. Conifer Holdings earned $0.13 in the third quarter, compared to $0.18 in the year-ago quarter.

For United Fire Group Inc UFCS, Piper Sandler downgraded the previous rating of Neutral to Underweight. United Fire Gr earned $0.47 in the third quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $37.26 and a 52-week-low of $23.05. At the end of the last trading period, United Fire Gr closed at $30.95.

According to Piper Sandler, the prior rating for Kingstone Companies Inc KINS was changed from Overweight to Neutral. For the third quarter, Kingstone Companies had an EPS of $0.35, compared to year-ago quarter EPS of $1.02. The stock has a 52-week-high of $5.57 and a 52-week-low of $0.69. At the end of the last trading period, Kingstone Companies closed at $1.44.

For Heritage Insurance Holdings Inc HRTG, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, Heritage Insurance Hldgs showed an EPS of $1.83, compared to $0.59 from the year-ago quarter. The current stock performance of Heritage Insurance Hldgs shows a 52-week-high of $7.37 and a 52-week-low of $1.12. Moreover, at the end of the last trading period, the closing price was at $2.16.

According to Jefferies, the prior rating for SIGNA Sports United NV SSU was changed from Buy to Hold. At the moment, the stock has a 52-week-high of $9.90 and a 52-week-low of $3.23. SIGNA Sports United closed at $4.50 at the end of the last trading period.

According to JP Morgan, the prior rating for Syneos Health Inc SYNH was changed from Neutral to Underweight. For the third quarter, Syneos Health had an EPS of $1.23, compared to year-ago quarter EPS of $1.22. The current stock performance of Syneos Health shows a 52-week-high of $92.58 and a 52-week-low of $22.89. Moreover, at the end of the last trading period, the closing price was at $36.16.

For Advance Auto Parts Inc AAP, Roth Capital downgraded the previous rating of Buy to Neutral. For the third quarter, Advance Auto Parts had an EPS of $2.84, compared to year-ago quarter EPS of $3.21. The current stock performance of Advance Auto Parts shows a 52-week-high of $231.43 and a 52-week-low of $138.52. Moreover, at the end of the last trading period, the closing price was at $151.80.

For XPO Inc XPO, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. XPO earned $0.98 in the fourth quarter, compared to $1.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.63 and a 52-week-low of $30.54. XPO closed at $35.22 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Saia Inc SAIA from Equal-Weight to Underweight. Saia earned $2.65 in the fourth quarter, compared to $2.76 in the year-ago quarter. The stock has a 52-week-high of $306.40 and a 52-week-low of $168.03. At the end of the last trading period, Saia closed at $272.00.

For Barrick Gold Corp GOLD, Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. In the third quarter, Barrick Gold showed an EPS of $0.13, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.07 and a 52-week-low of $13.01. Barrick Gold closed at $17.93 at the end of the last trading period.

For ZIM Integrated Shipping Services Ltd ZIM, Barclays downgraded the previous rating of Equal-Weight to Underweight. ZIM Integrated Shipping earned $9.66 in the third quarter, compared to $12.16 in the year-ago quarter. The stock has a 52-week-high of $91.23 and a 52-week-low of $16.23. At the end of the last trading period, ZIM Integrated Shipping closed at $22.46.

Baird downgraded the previous rating for Caterpillar Inc CAT from Outperform to Neutral. For the fourth quarter, Caterpillar had an EPS of $3.86, compared to year-ago quarter EPS of $2.69. At the moment, the stock has a 52-week-high of $266.04 and a 52-week-low of $160.60. Caterpillar closed at $247.67 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With an Underperform rating, B of A Securities initiated coverage on Okta Inc OKTA. The price target seems to have been set at $64.00 for Okta. Okta earned $0.00 in the third quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $203.79 and a 52-week-low of $44.12. Okta closed at $76.39 at the end of the last trading period.

With an Outperform rating, Northland Capital Markets initiated coverage on Beam Global BEEM. The price target seems to have been set at $25.00 for Beam Glb. Beam Glb earned $0.67 in the third quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.09 and a 52-week-low of $8.90. Beam Glb closed at $16.74 at the end of the last trading period.

With a Neutral rating, Citigroup initiated coverage on 9 Meters Biopharma Inc NMTR. The price target seems to have been set at $2.70 for 9 Meters Biopharma. For the third quarter, 9 Meters Biopharma had an EPS of $0.72, compared to year-ago quarter EPS of $1.06. At the moment, the stock has a 52-week-high of $14.89 and a 52-week-low of $1.00. 9 Meters Biopharma closed at $2.32 at the end of the last trading period.

EF Hutton initiated coverage on Atlas Lithium Corp ATLX with a Buy rating. The price target for Atlas Lithium is set to $12.00. At the moment, the stock has a 52-week-high of $23.51 and a 52-week-low of $6.01. Atlas Lithium closed at $6.97 at the end of the last trading period.

With an Outperform rating, MoffettNathanson initiated coverage on HashiCorp Inc HCP. The price target seems to have been set at $43.00 for HashiCorp. At the moment, the stock has a 52-week-high of $83.12 and a 52-week-low of $21.50. HashiCorp closed at $30.25 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on Arcellx Inc ACLX. The price target seems to have been set at $42.00 for Arcellx. At the moment, the stock has a 52-week-high of $35.26 and a 52-week-low of $6.04. Arcellx closed at $30.35 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on OmniAb Inc OABI with a Buy rating. The price target for OmniAb is set to $11.00. At the moment, the stock has a 52-week-high of $5.13 and a 52-week-low of $1.91. OmniAb closed at $3.88 at the end of the last trading period.

Ascendiant Capital initiated coverage on BioSig Technologies Inc BSGM with a Buy rating. The price target for BioSig Technologies is set to $5.00. For the third quarter, BioSig Technologies had an EPS of $0.14, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $1.73 and a 52-week-low of $0.25. At the end of the last trading period, BioSig Technologies closed at $1.35.

See all analyst ratings initiations.