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

Upgrades

For Air Products & Chemicals Inc APD, Vertical Research upgraded the previous rating of Hold to Buy. For the first quarter, Air Products & Chemicals had an EPS of $2.64, compared to year-ago quarter EPS of $2.52. At the moment, the stock has a 52-week-high of $328.56 and a 52-week-low of $216.41. Air Products & Chemicals closed at $281.27 at the end of the last trading period.

According to Alembic Global, the prior rating for Methanex Corp MEOH was changed from Neutral to Overweight. In the fourth quarter, Methanex showed an EPS of $0.73, compared to $2.43 from the year-ago quarter. The stock has a 52-week-high of $56.79 and a 52-week-low of $28.73. At the end of the last trading period, Methanex closed at $47.87.

According to DA Davidson, the prior rating for The Joint Corp JYNT was changed from Underperform to Neutral. Joint earned $0.04 in the fourth quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $40.22 and a 52-week-low of $12.85. Joint closed at $16.50 at the end of the last trading period.

According to DA Davidson, the prior rating for PacWest Bancorp PACW was changed from Neutral to Buy. In the fourth quarter, PacWest Banc showed an EPS of $0.55, compared to $1.14 from the year-ago quarter. The current stock performance of PacWest Banc shows a 52-week-high of $46.84 and a 52-week-low of $12.21. Moreover, at the end of the last trading period, the closing price was at $12.35.

DA Davidson upgraded the previous rating for Prosperity Bancshares Inc PB from Neutral to Buy. Prosperity Bancshares earned $1.51 in the fourth quarter, compared to $1.38 in the year-ago quarter. The stock has a 52-week-high of $78.76 and a 52-week-low of $63.49. At the end of the last trading period, Prosperity Bancshares closed at $64.11.

According to Citigroup, the prior rating for PNC Financial Services Group Inc PNC was changed from Neutral to Buy. For the fourth quarter, PNC Finl Servs Gr had an EPS of $3.49, compared to year-ago quarter EPS of $3.68. At the moment, the stock has a 52-week-high of $199.43 and a 52-week-low of $132.30. PNC Finl Servs Gr closed at $137.16 at the end of the last trading period.

For Prosperity Bancshares Inc PB, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. In the fourth quarter, Prosperity Bancshares showed an EPS of $1.51, compared to $1.38 from the year-ago quarter. The current stock performance of Prosperity Bancshares shows a 52-week-high of $78.76 and a 52-week-low of $63.49. Moreover, at the end of the last trading period, the closing price was at $64.11.

Seaport Global upgraded the previous rating for Wolverine World Wide Inc WWW from Neutral to Buy. For the fourth quarter, Wolverine World Wide had an EPS of $0.15, compared to year-ago quarter EPS of $0.41. At the moment, the stock has a 52-week-high of $24.95 and a 52-week-low of $9.60. Wolverine World Wide closed at $15.88 at the end of the last trading period.

According to Baird, the prior rating for Truist Financial Corp TFC was changed from Neutral to Outperform. In the fourth quarter, Truist Finl showed an EPS of $1.30, compared to $1.38 from the year-ago quarter. The stock has a 52-week-high of $61.10 and a 52-week-low of $37.85. At the end of the last trading period, Truist Finl closed at $38.84.

According to TD Cowen, the prior rating for Moderna Inc MRNA was changed from Market Perform to Outperform. Moderna earned $3.61 in the fourth quarter, compared to $11.29 in the year-ago quarter. The stock has a 52-week-high of $217.25 and a 52-week-low of $115.03. At the end of the last trading period, Moderna closed at $138.29.

According to RBC Capital, the prior rating for Sage Therapeutics Inc SAGE was changed from Sector Perform to Outperform. In the fourth quarter, Sage Therapeutics showed an EPS of $2.47, compared to $2.12 from the year-ago quarter. The stock has a 52-week-high of $49.56 and a 52-week-low of $27.36. At the end of the last trading period, Sage Therapeutics closed at $39.56.

Citigroup upgraded the previous rating for Charles Schwab Corp SCHW from Neutral to Buy. Charles Schwab earned $1.07 in the fourth quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $93.16 and a 52-week-low of $57.31. Charles Schwab closed at $58.70 at the end of the last trading period.

Wells Fargo upgraded the previous rating for Eli Lilly and Co LLY from Equal-Weight to Overweight. Eli Lilly earned $2.09 in the fourth quarter, compared to $2.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of $384.44 and a 52-week-low of $262.84. Eli Lilly closed at $315.02 at the end of the last trading period.

Wells Fargo upgraded the previous rating for Amgen Inc AMGN from Equal-Weight to Overweight. In the fourth quarter, Amgen showed an EPS of $4.09, compared to $4.36 from the year-ago quarter. The current stock performance of Amgen shows a 52-week-high of $296.67 and a 52-week-low of $223.30. Moreover, at the end of the last trading period, the closing price was at $227.87.

According to Wells Fargo, the prior rating for JPMorgan Chase & Co JPM was changed from Equal-Weight to Overweight. In the fourth quarter, JPMorgan Chase showed an EPS of $3.57, compared to $3.33 from the year-ago quarter. The current stock performance of JPMorgan Chase shows a 52-week-high of $144.34 and a 52-week-low of $101.28. Moreover, at the end of the last trading period, the closing price was at $133.65.

For Truist Financial Corp TFC, Keefe, Bruyette & Woods upgraded the previous rating of Underperform to Market Perform. For the fourth quarter, Truist Finl had an EPS of $1.30, compared to year-ago quarter EPS of $1.38. At the moment, the stock has a 52-week-high of $61.10 and a 52-week-low of $37.85. Truist Finl closed at $38.84 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Seagen Inc SGEN, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the fourth quarter, Seagen showed an EPS of $0.80, compared to $0.95 from the year-ago quarter. The current stock performance of Seagen shows a 52-week-high of $183.00 and a 52-week-low of $105.43. Moreover, at the end of the last trading period, the closing price was at $172.61.

For Edgio Inc EGIO, Craig-Hallum downgraded the previous rating of Buy to Hold. In the third quarter, Edgio showed an EPS of $0.08, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.88 and a 52-week-low of $0.79. Edgio closed at $1.03 at the end of the last trading period.

According to Wells Fargo, the prior rating for Signature Bank SBNY was changed from to Overweight. 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 $328.88 and a 52-week-low of $61.37. At the end of the last trading period, Signature Bank closed at $70.00.

According to Wells Fargo, the prior rating for SVB Financial Group SIVB was changed from to Overweight. SVB Finl Gr earned $4.62 in the fourth quarter, compared to $6.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $597.16 and a 52-week-low of $33.40. SVB Finl Gr closed at $106.04 at the end of the last trading period.

For KeyCorp KEY, Odeon Capital downgraded the previous rating of Buy to Hold. In the fourth quarter, KeyCorp showed an EPS of $0.38, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.71 and a 52-week-low of $14.96. KeyCorp closed at $15.66 at the end of the last trading period.

According to Odeon Capital, the prior rating for Comerica Inc CMA was changed from Buy to Hold. Comerica earned $2.58 in the fourth quarter, compared to $1.66 in the year-ago quarter. The current stock performance of Comerica shows a 52-week-high of $97.52 and a 52-week-low of $56.91. Moreover, at the end of the last trading period, the closing price was at $58.81.

Argus Research downgraded the previous rating for Advance Auto Parts Inc AAP from Buy to Hold. Advance Auto Parts earned $2.88 in the fourth quarter, compared to $2.07 in the year-ago quarter. The current stock performance of Advance Auto Parts shows a 52-week-high of $231.43 and a 52-week-low of $127.48. Moreover, at the end of the last trading period, the closing price was at $128.04.

For Diversey Holdings Ltd DSEY, Credit Suisse downgraded the previous rating of Outperform to Neutral. Diversey Hldgs earned $0.09 in the third quarter, compared to $0.10 in the year-ago quarter. The current stock performance of Diversey Hldgs shows a 52-week-high of $10.68 and a 52-week-low of $3.95. Moreover, at the end of the last trading period, the closing price was at $8.11.

Citigroup downgraded the previous rating for Petco Health and Wellness Co Inc WOOF from Buy to Neutral. In the third quarter, Petco Health and Wellness showed an EPS of $0.16, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $22.75 and a 52-week-low of $8.72. At the end of the last trading period, Petco Health and Wellness closed at $10.05.

Odeon Capital downgraded the previous rating for Wells Fargo & Co WFC from Buy to Hold. For the fourth quarter, Wells Fargo had an EPS of $0.67, compared to year-ago quarter EPS of $1.38. The current stock performance of Wells Fargo shows a 52-week-high of $54.20 and a 52-week-low of $36.54. Moreover, at the end of the last trading period, the closing price was at $41.36.

Bernstein downgraded the previous rating for Lam Research Corp LRCX from Outperform to Market Perform. Lam Research earned $10.71 in the second quarter, compared to $8.53 in the year-ago quarter. The current stock performance of Lam Research shows a 52-week-high of $574.79 and a 52-week-low of $299.59. Moreover, at the end of the last trading period, the closing price was at $478.82.

TD Cowen downgraded the previous rating for Allbirds Inc BIRD from Outperform to Market Perform. Allbirds earned $0.17 in the fourth quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.85 and a 52-week-low of $1.20. Allbirds closed at $1.25 at the end of the last trading period.

UBS downgraded the previous rating for United Natural Foods Inc UNFI from Buy to Neutral. United Natural Foods earned $0.78 in the second quarter, compared to $1.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.56 and a 52-week-low of $26.60. United Natural Foods closed at $27.71 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Merck & Co Inc MRK from Overweight to Equal-Weight. In the fourth quarter, Merck & Co showed an EPS of $1.62, compared to $1.80 from the year-ago quarter. At the moment, the stock has a 52-week-high of $115.49 and a 52-week-low of $77.31. Merck & Co closed at $107.69 at the end of the last trading period.

For First Republic Bank FRC, Raymond James downgraded the previous rating of Strong Buy to Market Perform. In the fourth quarter, First Republic Bank showed an EPS of $1.88, compared to $2.02 from the year-ago quarter. The current stock performance of First Republic Bank shows a 52-week-high of $174.21 and a 52-week-low of $45.00. Moreover, at the end of the last trading period, the closing price was at $81.76.

According to Keefe, Bruyette & Woods, the prior rating for Trinity Capital Inc TRIN was changed from Market Perform to Underperform. For the fourth quarter, Trinity Cap had an EPS of $0.57, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $20.26 and a 52-week-low of $10.23. Trinity Cap closed at $12.40 at the end of the last trading period.

According to Keefe, Bruyette & Woods, the prior rating for Hercules Capital Inc HTGC was changed from Market Perform to Underperform. Hercules Capital earned $0.47 in the fourth quarter, compared to $0.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.09 and a 52-week-low of $11.16. Hercules Capital closed at $12.29 at the end of the last trading period.

For Under Armour Inc UAA, JP Morgan downgraded the previous rating of Overweight to Neutral. For the third quarter, Under Armour had an EPS of $0.16, compared to year-ago quarter EPS of $0.16. At the moment, the stock has a 52-week-high of $18.18 and a 52-week-low of $6.38. Under Armour closed at $8.91 at the end of the last trading period.

According to Wolfe Research, the prior rating for Tesla Inc TSLA was changed from Outperform to Peer Perform. In the fourth quarter, Tesla showed an EPS of $1.19, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $384.15 and a 52-week-low of $101.81. At the end of the last trading period, Tesla closed at $173.44.

For First Republic Bank FRC, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. For the fourth quarter, First Republic Bank had an EPS of $1.88, compared to year-ago quarter EPS of $2.02. The stock has a 52-week-high of $174.21 and a 52-week-low of $45.00. At the end of the last trading period, First Republic Bank closed at $81.76.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on Phathom Pharmaceuticals Inc PHAT. The price target seems to have been set at $21.00 for Phathom Pharmaceuticals. For the fourth quarter, Phathom Pharmaceuticals had an EPS of $1.33, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $16.07 and a 52-week-low of $6.09. Phathom Pharmaceuticals closed at $7.27 at the end of the last trading period.

Credit Suisse initiated coverage on Cabot Corp CBT with an Outperform rating. The price target for Cabot is set to $94.00. Cabot earned $0.98 in the first quarter, compared to $1.29 in the year-ago quarter. The current stock performance of Cabot shows a 52-week-high of $83.73 and a 52-week-low of $59.65. Moreover, at the end of the last trading period, the closing price was at $74.31.

Credit Suisse initiated coverage on Orion Engineered Carbons SA OEC with an Outperform rating. The price target for Orion Engineered Carbons is set to $31.00. In the fourth quarter, Orion Engineered Carbons showed an EPS of $0.26, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.91 and a 52-week-low of $12.87. Orion Engineered Carbons closed at $24.53 at the end of the last trading period.

EF Hutton initiated coverage on Ocean Biomedical Inc OCEA with a Buy rating. The price target for Ocean Biomedical is set to $10.00. At the moment, the stock has a 52-week-high of $26.60 and a 52-week-low of $3.06. Ocean Biomedical closed at $8.00 at the end of the last trading period.

With an Outperform rating, Evercore ISI Group initiated coverage on GE HealthCare Technologies Inc GEHC. The price target seems to have been set at $90.00 for GE HealthCare Techs. For the fourth quarter, GE HealthCare Techs had an EPS of $1.31, compared to year-ago quarter EPS of $1.36. The stock has a 52-week-high of $77.40 and a 52-week-low of $53.50. At the end of the last trading period, GE HealthCare Techs closed at $74.97.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Nikola Corp NKLA. The price target seems to have been set at $3.00 for Nikola. Nikola earned $0.37 in the fourth quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.87 and a 52-week-low of $1.64. Nikola closed at $1.66 at the end of the last trading period.

With a Equal-Weight rating, Barclays initiated coverage on Amedisys Inc AMED. The price target seems to have been set at $93.00 for Amedisys. In the fourth quarter, Amedisys showed an EPS of $1.16, compared to $1.18 from the year-ago quarter. The stock has a 52-week-high of $179.91 and a 52-week-low of $79.30. At the end of the last trading period, Amedisys closed at $82.56.

See all analyst ratings initiations.