Benzinga's Top Ratings Upgrades, Downgrades For April 24, 2023

Upgrades

For Medtronic PLC MDT, Barclays upgraded the previous rating of Equal-Weight to Overweight. Medtronic earned $1.30 in the third quarter, compared to $1.37 in the year-ago quarter. The stock has a 52-week-high of $114.22 and a 52-week-low of $75.77. At the end of the last trading period, Medtronic closed at $85.73.

Loop Capital upgraded the previous rating for Trex Co Inc TREX from Hold to Buy. For the fourth quarter, Trex Co had an EPS of $0.23, compared to year-ago quarter EPS of $0.55. The stock has a 52-week-high of $67.69 and a 52-week-low of $38.73. At the end of the last trading period, Trex Co closed at $53.66.

According to Loop Capital, the prior rating for The AZEK Co Inc AZEK was changed from Hold to Buy. In the first quarter, AZEK Co showed an EPS of $0.09, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $30.26 and a 52-week-low of $15.15. At the end of the last trading period, AZEK Co closed at $26.70.

Janney Montgomery Scott upgraded the previous rating for Synovus Financial Corp SNV from Neutral to Buy. For the first quarter, Synovus Finl had an EPS of $1.33, compared to year-ago quarter EPS of $1.08. At the moment, the stock has a 52-week-high of $48.60 and a 52-week-low of $27.08. Synovus Finl closed at $30.99 at the end of the last trading period.

For Healthpeak Properties Inc PEAK, Mizuho upgraded the previous rating of Neutral to Buy. Healthpeak Properties earned $0.44 in the fourth quarter, compared to $0.41 in the year-ago quarter. The current stock performance of Healthpeak Properties shows a 52-week-high of $35.71 and a 52-week-low of $20.21. Moreover, at the end of the last trading period, the closing price was at $21.13.

According to B of A Securities, the prior rating for Ally Financial Inc ALLY was changed from Underperform to Neutral. For the first quarter, Ally Financial had an EPS of $0.82, compared to year-ago quarter EPS of $2.03. At the moment, the stock has a 52-week-high of $45.38 and a 52-week-low of $21.59. Ally Financial closed at $25.86 at the end of the last trading period.

According to Stifel, the prior rating for IDEAYA Biosciences Inc IDYA was changed from Hold to Buy. For the fourth quarter, IDEAYA Biosciences had an EPS of $0.50, compared to year-ago quarter EPS of $0.47. At the moment, the stock has a 52-week-high of $19.13 and a 52-week-low of $8.14. IDEAYA Biosciences closed at $14.93 at the end of the last trading period.

According to Wells Fargo, the prior rating for Medtronic PLC MDT was changed from Equal-Weight to Overweight. Medtronic earned $1.30 in the third quarter, compared to $1.37 in the year-ago quarter. The current stock performance of Medtronic shows a 52-week-high of $114.22 and a 52-week-low of $75.77. Moreover, at the end of the last trading period, the closing price was at $85.73.

According to Loop Capital, the prior rating for Alteryx Inc AYX was changed from Hold to Buy. Alteryx earned $0.84 in the fourth quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $71.98 and a 52-week-low of $39.58. At the end of the last trading period, Alteryx closed at $52.13.

According to JP Morgan, the prior rating for PPG Industries Inc PPG was changed from Neutral to Overweight. For the first quarter, PPG Indus had an EPS of $1.82, compared to year-ago quarter EPS of $1.37. At the moment, the stock has a 52-week-high of $145.14 and a 52-week-low of $107.06. PPG Indus closed at $141.98 at the end of the last trading period.

According to RBC Capital, the prior rating for Clearwater Paper Corp CLW was changed from Sector Perform to Outperform. Clearwater Paper earned $0.30 in the fourth quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $46.40 and a 52-week-low of $26.21. At the end of the last trading period, Clearwater Paper closed at $32.67.

See all analyst ratings upgrades.

Downgrades

According to Exane BNP Paribas, the prior rating for Microsoft Corp MSFT was changed from Outperform to Neutral. In the second quarter, Microsoft showed an EPS of $2.32, compared to $2.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $294.18 and a 52-week-low of $213.46. Microsoft closed at $285.76 at the end of the last trading period.

For First Solar Inc FSLR, Citigroup downgraded the previous rating of Neutral to Sell. For the fourth quarter, First Solar had an EPS of $0.07, compared to year-ago quarter EPS of $1.23. The current stock performance of First Solar shows a 52-week-high of $221.88 and a 52-week-low of $59.60. Moreover, at the end of the last trading period, the closing price was at $216.89.

Wedbush downgraded the previous rating for Offerpad Solutions Inc OPAD from Outperform to Neutral. In the fourth quarter, Offerpad Solutions showed an EPS of $0.50, compared to $0.11 from the year-ago quarter. The current stock performance of Offerpad Solutions shows a 52-week-high of $5.87 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $0.47.

Wedbush downgraded the previous rating for Opendoor Technologies Inc OPEN from Outperform to Neutral. For the fourth quarter, Opendoor Technologies had an EPS of $0.74, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $8.37 and a 52-week-low of $0.92. Opendoor Technologies closed at $1.54 at the end of the last trading period.

Truist Securities downgraded the previous rating for Insperity Inc NSP from Buy to Hold. In the fourth quarter, Insperity showed an EPS of $1.21, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $131.09 and a 52-week-low of $87.74. Insperity closed at $129.74 at the end of the last trading period.

Barclays downgraded the previous rating for Viatris Inc VTRS from Overweight to Equal-Weight. In the fourth quarter, Viatris showed an EPS of $0.67, compared to $0.22 from the year-ago quarter. The current stock performance of Viatris shows a 52-week-high of $12.40 and a 52-week-low of $8.43. Moreover, at the end of the last trading period, the closing price was at $9.65.

For ADC Therapeutics SA ADCT, B of A Securities downgraded the previous rating of Neutral to Underperform. For the fourth quarter, ADC Therapeutics had an EPS of $0.10, compared to year-ago quarter EPS of $0.39. The current stock performance of ADC Therapeutics shows a 52-week-high of $13.14 and a 52-week-low of $1.85. Moreover, at the end of the last trading period, the closing price was at $2.30.

For Regions Financial Corp RF, Truist Securities downgraded the previous rating of Buy to Hold. For the first quarter, Regions Finl had an EPS of $0.62, compared to year-ago quarter EPS of $0.55. The current stock performance of Regions Finl shows a 52-week-high of $24.33 and a 52-week-low of $13.94. Moreover, at the end of the last trading period, the closing price was at $18.36.

According to Raymond James, the prior rating for Tandem Diabetes Care Inc TNDM was changed from Outperform to Market Perform. For the fourth quarter, Tandem Diabetes Care had an EPS of $0.01, compared to year-ago quarter EPS of $0.16. At the moment, the stock has a 52-week-high of $117.79 and a 52-week-low of $33.52. Tandem Diabetes Care closed at $37.48 at the end of the last trading period.

According to Wolfe Research, the prior rating for C3.ai Inc AI was changed from Peer Perform to Underperform. C3.ai earned $0.06 in the third quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $34.68 and a 52-week-low of $10.16. At the end of the last trading period, C3.ai closed at $20.06.

According to Jefferies, the prior rating for Costamare Inc CMRE was changed from Buy to Hold. Costamare earned $0.61 in the fourth quarter, compared to $0.91 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.55 and a 52-week-low of $8.56. Costamare closed at $9.50 at the end of the last trading period.

According to JP Morgan, the prior rating for Arbor Realty Trust Inc ABR was changed from Overweight to Neutral. Arbor Realty Trust earned $0.60 in the fourth quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.78 and a 52-week-low of $10.19. Arbor Realty Trust closed at $10.69 at the end of the last trading period.

For Tremor International Ltd TRMR, Stifel downgraded the previous rating of Buy to Hold. In the fourth quarter, Tremor Intl showed an EPS of $0.30, compared to $0.27 from the year-ago quarter. The current stock performance of Tremor Intl shows a 52-week-high of $13.88 and a 52-week-low of $5.06. Moreover, at the end of the last trading period, the closing price was at $5.48.

Stifel downgraded the previous rating for Perion Network Ltd PERI from Buy to Hold. In the fourth quarter, Perion Network showed an EPS of $0.90, compared to $0.62 from the year-ago quarter. The current stock performance of Perion Network shows a 52-week-high of $42.75 and a 52-week-low of $16.41. Moreover, at the end of the last trading period, the closing price was at $38.38.

Keefe, Bruyette & Woods downgraded the previous rating for Heritage Financial Corp HFWA from Outperform to Market Perform. For the first quarter, Heritage Financial had an EPS of $0.58, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $34.34 and a 52-week-low of $18.80. At the end of the last trading period, Heritage Financial closed at $19.70.

See all analyst ratings downgrades.

Initiations

With a Sell rating, Truist Securities initiated coverage on HighPeak Energy Inc HPK. The price target seems to have been set at $10.00 for HighPeak Energy. For the fourth quarter, HighPeak Energy had an EPS of $0.53, compared to year-ago quarter EPS of $0.35. The current stock performance of HighPeak Energy shows a 52-week-high of $38.11 and a 52-week-low of $18.94. Moreover, at the end of the last trading period, the closing price was at $22.58.

Janney Montgomery Scott initiated coverage on Runway Growth Finance Corp RWAY with a Neutral rating. The price target for Runway Gwth Fin is set to $12.00. Runway Gwth Fin earned $0.45 in the fourth quarter, compared to $0.28 in the year-ago quarter. The current stock performance of Runway Gwth Fin shows a 52-week-high of $14.69 and a 52-week-low of $10.54. Moreover, at the end of the last trading period, the closing price was at $11.50.

Janney Montgomery Scott initiated coverage on Saratoga Investment Corp SAR with a Buy rating. The price target for Saratoga Investment is set to $127.00. Saratoga Investment earned $0.77 in the third quarter, compared to $0.53 in the year-ago quarter. The current stock performance of Saratoga Investment shows a 52-week-high of $28.18 and a 52-week-low of $20.21. Moreover, at the end of the last trading period, the closing price was at $24.19.

With a Buy rating, Mizuho initiated coverage on Tencent Music Entertainment Group TME. The price target seems to have been set at $10.00 for Tencent Music Enter Gr. In the fourth quarter, Tencent Music Enter Gr showed an EPS of $0.13, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.29 and a 52-week-low of $3.15. Tencent Music Enter Gr closed at $7.63 at the end of the last trading period.

Canaccord Genuity initiated coverage on TELUS International (Cda) Inc TIXT with a Buy rating. The price target for TELUS Intl is set to $28.50. For the fourth quarter, TELUS Intl had an EPS of $0.35, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $31.50 and a 52-week-low of $17.65. TELUS Intl closed at $20.11 at the end of the last trading period.

With an Outperform rating, SVB Leerink initiated coverage on Prothena Corp PLC PRTA. The price target seems to have been set at $80.00 for Prothena Corp. In the fourth quarter, Prothena Corp showed an EPS of $0.12, compared to $0.71 from the year-ago quarter. The current stock performance of Prothena Corp shows a 52-week-high of $66.32 and a 52-week-low of $21.06. Moreover, at the end of the last trading period, the closing price was at $54.52.

With a Buy rating, EF Hutton initiated coverage on Castellum Inc CTM. The price target seems to have been set at $1.20 for Castellum. The stock has a 52-week-high of $1.97 and a 52-week-low of $0.64. At the end of the last trading period, Castellum closed at $1.08.

Truist Securities initiated coverage on Chesapeake Energy Corp CHK with a Buy rating. The price target for Chesapeake Energy is set to $100.00. In the fourth quarter, Chesapeake Energy showed an EPS of $4.22, compared to $2.39 from the year-ago quarter. The stock has a 52-week-high of $107.31 and a 52-week-low of $69.68. At the end of the last trading period, Chesapeake Energy closed at $80.85.

TD Cowen initiated coverage on Eve Holding Inc EVEX with a Market Perform rating. The stock has a 52-week-high of $13.26 and a 52-week-low of $5.10. At the end of the last trading period, Eve Holding closed at $7.49.

Piper Sandler initiated coverage on Crinetics Pharmaceuticals Inc CRNX with an Overweight rating. The price target for Crinetics Pharmaceuticals is set to $56.00. In the fourth quarter, Crinetics Pharmaceuticals showed an EPS of $0.84, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.51 and a 52-week-low of $15.23. Crinetics Pharmaceuticals closed at $17.85 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on Alpha Tau Medical Ltd DRTS. The price target seems to have been set at $9.00 for Alpha Tau Medical. Alpha Tau Medical earned $0.04 in the fourth quarter, compared to $0.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.50 and a 52-week-low of $2.75. Alpha Tau Medical closed at $2.85 at the end of the last trading period.

With a Neutral rating, JP Morgan initiated coverage on Kite Realty Group Trust KRG. The price target seems to have been set at $23.00 for Kite Realty Gr Trust. In the fourth quarter, Kite Realty Gr Trust showed an EPS of $0.50, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.31 and a 52-week-low of $16.43. Kite Realty Gr Trust closed at $21.16 at the end of the last trading period.

RBC Capital initiated coverage on Broadridge Financial Solutions Inc BR with an Outperform rating. The price target for Broadridge Financial Soln is set to $169.00. In the second quarter, Broadridge Financial Soln showed an EPS of $0.91, compared to $0.82 from the year-ago quarter. The stock has a 52-week-high of $183.32 and a 52-week-low of $131.44. At the end of the last trading period, Broadridge Financial Soln closed at $143.69.

For World Wrestling Entertainment Inc WWE, Seaport Global initiated coverage, by setting the current rating at Neutral. For the fourth quarter, World Wrestling Enter had an EPS of $0.52, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $109.80 and a 52-week-low of $55.13. World Wrestling Enter closed at $109.35 at the end of the last trading period.

For Liberty SiriusXM Group LSXMK, Seaport Global initiated coverage, by setting the current rating at Neutral. In the fourth quarter, Liberty SiriusXM Gr showed an EPS of $1.54, compared to $0.20 from the year-ago quarter. The current stock performance of Liberty SiriusXM Gr shows a 52-week-high of $45.55 and a 52-week-low of $25.02. Moreover, at the end of the last trading period, the closing price was at $28.42.

With a Buy rating, Seaport Global initiated coverage on Liberty Braves Group BATRK. The price target seems to have been set at $60.00 for Liberty Braves Group. For the fourth quarter, Liberty Braves Group had an EPS of $1.05, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $35.78 and a 52-week-low of $23.34. Liberty Braves Group closed at $35.31 at the end of the last trading period.

For Sirius XM Holdings Inc SIRI, Seaport Global initiated coverage, by setting the current rating at Neutral. In the fourth quarter, Sirius XM Holdings showed an EPS of $0.09, compared to $0.08 from the year-ago quarter. The current stock performance of Sirius XM Holdings shows a 52-week-high of $6.85 and a 52-week-low of $3.43. Moreover, at the end of the last trading period, the closing price was at $3.84.

For Madison Square Garden Sports Corp MSGS, Seaport Global initiated coverage, by setting the current rating at Neutral. In the second quarter, Madison Square Garden showed an EPS of $0.84, compared to $0.65 from the year-ago quarter. At the moment, the stock has a 52-week-high of $201.72 and a 52-week-low of $136.61. Madison Square Garden closed at $198.67 at the end of the last trading period.

Seaport Global initiated coverage on Madison Square Garden Entertainment Corp MSGE with a Buy rating. The price target for Madison Square Garden is set to $36.00. In the second quarter, Madison Square Garden showed an EPS of $2.34, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $82.24 and a 52-week-low of $28.27. At the end of the last trading period, Madison Square Garden closed at $30.99.

Seaport Global initiated coverage on Live Nation Entertainment Inc LYV with a Buy rating. The price target for Live Nation Entertainment is set to $85.00. Live Nation Entertainment earned $1.09 in the fourth quarter, compared to $0.96 in the year-ago quarter. The current stock performance of Live Nation Entertainment shows a 52-week-high of $114.34 and a 52-week-low of $64.25. Moreover, at the end of the last trading period, the closing price was at $66.98.

Seaport Global initiated coverage on Endeavor Group Holdings Inc EDR with a Buy rating. The price target for Endeavor Gr Hldgs is set to $30.00. In the fourth quarter, Endeavor Gr Hldgs showed an EPS of $0.72, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $26.52 and a 52-week-low of $17.43. At the end of the last trading period, Endeavor Gr Hldgs closed at $25.01.

See all analyst ratings initiations.