Benzinga's Top Ratings Upgrades, Downgrades For April 25, 2023

Upgrades

Erste Group upgraded the previous rating for NVIDIA Corp NVDA from Hold to Buy. In the fourth quarter, NVIDIA showed an EPS of $0.88, compared to $1.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $281.10 and a 52-week-low of $108.14. NVIDIA closed at $270.42 at the end of the last trading period.

Stifel upgraded the previous rating for Euronav NV EURN from Hold to Buy. Euronav earned $1.16 in the fourth quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Euronav shows a 52-week-high of $21.00 and a 52-week-low of $9.94. Moreover, at the end of the last trading period, the closing price was at $17.83.

DA Davidson upgraded the previous rating for Sierra Bancorp BSRR from Neutral to Buy. For the first quarter, Sierra had an EPS of $0.58, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $24.72 and a 52-week-low of $15.81. At the end of the last trading period, Sierra closed at $15.99.

For Range Resources Corp RRC, Benchmark upgraded the previous rating of Hold to Buy. Range Resources earned $0.99 in the first quarter, compared to $1.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.39 and a 52-week-low of $22.61. Range Resources closed at $25.69 at the end of the last trading period.

For Squarespace Inc SQSP, Citigroup upgraded the previous rating of Neutral to Buy. Squarespace earned $0.07 in the fourth quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $33.41 and a 52-week-low of $14.43. At the end of the last trading period, Squarespace closed at $30.71.

According to Jefferies, the prior rating for XPeng Inc XPEV was changed from Underperform to Hold. For the fourth quarter, XPeng had an EPS of $0.37, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $35.35 and a 52-week-low of $6.18. XPeng closed at $9.29 at the end of the last trading period.

According to Barclays, the prior rating for Universal Health Services Inc UHS was changed from Underweight to Equal-Weight. The stock has a 52-week-high of $154.65 and a 52-week-low of $82.50. At the end of the last trading period, Universal Health Servs closed at $140.70.

According to Goldman Sachs, the prior rating for ZTO Express (Cayman) Inc ZTO was changed from Neutral to Buy. For the fourth quarter, ZTO Express (Cayman) had an EPS of $0.39, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $29.79 and a 52-week-low of $16.28. At the end of the last trading period, ZTO Express (Cayman) closed at $27.94.

According to Credit Suisse, the prior rating for Zebra Technologies Corp ZBRA was changed from Neutral to Outperform. Zebra Technologies earned $4.75 in the fourth quarter, compared to $4.54 in the year-ago quarter. The current stock performance of Zebra Technologies shows a 52-week-high of $389.96 and a 52-week-low of $225.14. Moreover, at the end of the last trading period, the closing price was at $288.19.

See all analyst ratings upgrades.

Downgrades

B of A Securities downgraded the previous rating for Day One Biopharmaceuticals Inc DAWN from Buy to Underperform. Day One Biopharmaceutical earned $0.53 in the fourth quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Day One Biopharmaceutical shows a 52-week-high of $28.29 and a 52-week-low of $5.44. Moreover, at the end of the last trading period, the closing price was at $13.71.

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. At the moment, the stock has a 52-week-high of $12.40 and a 52-week-low of $8.43. Viatris closed at $9.33 at the end of the last trading period.

Janney Montgomery Scott downgraded the previous rating for First Republic Bank FRC from Neutral to Sell. For the first quarter, First Republic Bank had an EPS of $1.23, compared to year-ago quarter EPS of $2.00. The stock has a 52-week-high of $171.04 and a 52-week-low of $11.52. At the end of the last trading period, First Republic Bank closed at $16.00.

According to Stephens & Co., the prior rating for Cal-Maine Foods Inc CALM was changed from Overweight to Equal-Weight. For the third quarter, Cal-Maine Foods had an EPS of $6.62, compared to year-ago quarter EPS of $0.81. At the moment, the stock has a 52-week-high of $65.19 and a 52-week-low of $43.96. Cal-Maine Foods closed at $54.34 at the end of the last trading period.

For NextEra Energy Inc NEE, Erste Group downgraded the previous rating of Buy to Hold. NextEra Energy earned $0.84 in the first quarter, compared to $0.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of $91.35 and a 52-week-low of $67.23. NextEra Energy closed at $79.04 at the end of the last trading period.

According to Needham, the prior rating for DigitalOcean Holdings Inc DOCN was changed from Buy to Hold. In the fourth quarter, DigitalOcean Holdings showed an EPS of $0.28, compared to $0.10 from the year-ago quarter. The current stock performance of DigitalOcean Holdings shows a 52-week-high of $53.86 and a 52-week-low of $23.39. Moreover, at the end of the last trading period, the closing price was at $32.87.

Jefferies downgraded the previous rating for Capri Holdings Ltd CPRI from Buy to Hold. Capri Holdings earned $1.84 in the third quarter, compared to $2.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $69.25 and a 52-week-low of $36.91. Capri Holdings closed at $45.00 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for PDD Holdings Inc PDD from Buy to Neutral. In the fourth quarter, PDD Holdings showed an EPS of $1.21, compared to $0.92 from the year-ago quarter. At the moment, the stock has a 52-week-high of $106.38 and a 52-week-low of $31.01. PDD Holdings closed at $66.75 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With an Overweight rating, Piper Sandler initiated coverage on VF Corp VFC. The price target seems to have been set at $29.00 for VF. VF earned $1.12 in the third quarter, compared to $1.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.07 and a 52-week-low of $20.03. VF closed at $22.92 at the end of the last trading period.

With a Neutral rating, Piper Sandler initiated coverage on Columbia Sportswear Co COLM. The price target seems to have been set at $92.00 for Columbia Sportswear. In the fourth quarter, Columbia Sportswear showed an EPS of $2.45, compared to $2.39 from the year-ago quarter. The current stock performance of Columbia Sportswear shows a 52-week-high of $98.32 and a 52-week-low of $65.22. Moreover, at the end of the last trading period, the closing price was at $89.78.

With a Buy rating, Citigroup initiated coverage on Immunovant Inc IMVT. The price target seems to have been set at $28.00 for Immunovant. For the third quarter, Immunovant had an EPS of $0.49, compared to year-ago quarter EPS of $0.36. 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 $15.94.

Citigroup initiated coverage on argenx SE ARGX with a Buy rating. The price target for argenx is set to $450.00. In the fourth quarter, argenx showed an EPS of $0.70, compared to $4.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $407.93 and a 52-week-low of $267.42. argenx closed at $391.12 at the end of the last trading period.

With a Equal-Weight rating, Stephens & Co. initiated coverage on EQT Corp EQT. The price target seems to have been set at $36.00 for EQT. EQT earned $0.42 in the fourth quarter, compared to $0.41 in the year-ago quarter. The current stock performance of EQT shows a 52-week-high of $51.95 and a 52-week-low of $28.11. Moreover, at the end of the last trading period, the closing price was at $32.74.

WestPark Capital initiated coverage on SKYX Platforms Corp SKYX with a Buy rating. The price target for SKYX Platforms is set to $7.00. The current stock performance of SKYX Platforms shows a 52-week-high of $13.60 and a 52-week-low of $1.39. Moreover, at the end of the last trading period, the closing price was at $3.43.

With a Equal-Weight rating, Wells Fargo initiated coverage on Principal Financial Group Inc PFG. The price target seems to have been set at $79.00 for Principal Finl Gr. Principal Finl Gr earned $1.70 in the fourth quarter, compared to $1.85 in the year-ago quarter. The stock has a 52-week-high of $96.12 and a 52-week-low of $61.06. At the end of the last trading period, Principal Finl Gr closed at $75.74.

Wells Fargo initiated coverage on Reinsurance Group of America Inc RGA with an Overweight rating. The price target for Reinsurance Gr is set to $163.00. Reinsurance Gr earned $2.99 in the fourth quarter, compared to $0.56 in the year-ago quarter. The current stock performance of Reinsurance Gr shows a 52-week-high of $153.35 and a 52-week-low of $104.56. Moreover, at the end of the last trading period, the closing price was at $141.12.

Wells Fargo initiated coverage on Unum Group UNM with an Overweight rating. The price target for Unum Gr is set to $57.00. In the fourth quarter, Unum Gr showed an EPS of $1.43, compared to $0.89 from the year-ago quarter. The stock has a 52-week-high of $46.61 and a 52-week-low of $30.21. At the end of the last trading period, Unum Gr closed at $40.77.

Wells Fargo initiated coverage on Globe Life Inc GL with a Equal-Weight rating. The price target for Globe Life is set to $120.00. In the fourth quarter, Globe Life showed an EPS of $2.24, compared to $1.70 from the year-ago quarter. The current stock performance of Globe Life shows a 52-week-high of $123.85 and a 52-week-low of $87.90. Moreover, at the end of the last trading period, the closing price was at $107.31.

Cantor Fitzgerald initiated coverage on Xenon Pharmaceuticals Inc XENE with an Overweight rating. The price target for Xenon Pharmaceuticals is set to $58.00. Xenon Pharmaceuticals earned $0.57 in the fourth quarter, compared to $0.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $41.31 and a 52-week-low of $24.98. Xenon Pharmaceuticals closed at $39.26 at the end of the last trading period.

With a Equal-Weight rating, Wells Fargo initiated coverage on Aflac Inc AFL. The price target seems to have been set at $73.00 for Aflac. For the fourth quarter, Aflac had an EPS of $1.29, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $74.02 and a 52-week-low of $52.08. At the end of the last trading period, Aflac closed at $66.08.

EF Hutton initiated coverage on Apollomics Inc APLM with a Buy rating. The price target for Apollomics is set to $25.00. At the moment, the stock has a 52-week-high of $49.00 and a 52-week-low of $3.71. Apollomics closed at $4.04 at the end of the last trading period.

With a Buy rating, Canaccord Genuity initiated coverage on Cipher Mining Inc CIFR. The price target seems to have been set at $4.00 for Cipher Mining. Cipher Mining earned $0.09 in the fourth quarter, compared to $0.32 in the year-ago quarter. The current stock performance of Cipher Mining shows a 52-week-high of $3.35 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $2.08.

With an Overweight rating, Stephens & Co. initiated coverage on Coterra Energy Inc CTRA. The price target seems to have been set at $32.00 for Coterra Energy. For the fourth quarter, Coterra Energy had an EPS of $1.16, compared to year-ago quarter EPS of $0.83. The current stock performance of Coterra Energy shows a 52-week-high of $36.54 and a 52-week-low of $22.25. Moreover, at the end of the last trading period, the closing price was at $25.70.

With a Equal-Weight rating, Stephens & Co. initiated coverage on CNX Resources Corp CNX. The price target seems to have been set at $17.00 for CNX Resources. CNX Resources earned $1.64 in the fourth quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $24.21 and a 52-week-low of $14.47. At the end of the last trading period, CNX Resources closed at $15.68.

Stephens & Co. initiated coverage on Talos Energy Inc TALO with an Overweight rating. The price target for Talos Energy is set to $21.00. In the fourth quarter, Talos Energy showed an EPS of $0.20, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.36 and a 52-week-low of $11.67. Talos Energy closed at $13.75 at the end of the last trading period.

With a Equal-Weight rating, Stephens & Co. initiated coverage on Chesapeake Energy Corp CHK. The price target seems to have been set at $91.00 for Chesapeake Energy. 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 $82.47.

With an Overweight rating, Stephens & Co. initiated coverage on Earthstone Energy Inc ESTE. The price target seems to have been set at $18.00 for Earthstone Energy. Earthstone Energy earned $1.04 in the fourth quarter, compared to $0.46 in the year-ago quarter. The current stock performance of Earthstone Energy shows a 52-week-high of $22.23 and a 52-week-low of $10.67. Moreover, at the end of the last trading period, the closing price was at $13.99.

With an Overweight rating, Stephens & Co. initiated coverage on Range Resources Corp RRC. The price target seems to have been set at $34.00 for Range Resources. For the first quarter, Range Resources had an EPS of $0.99, compared to year-ago quarter EPS of $1.18. At the moment, the stock has a 52-week-high of $37.39 and a 52-week-low of $22.61. Range Resources closed at $25.69 at the end of the last trading period.

For Claros Mortgage Trust Inc CMTG, BTIG initiated coverage, by setting the current rating at Neutral. In the fourth quarter, Claros Mortgage Trust showed an EPS of $0.38, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $21.00 and a 52-week-low of $10.85. At the end of the last trading period, Claros Mortgage Trust closed at $11.43.

BTIG initiated coverage on Franklin BSP Realty Trust Inc FBRT with a Buy rating. The price target for Franklin BSP Realty Trust is set to $13.50. For the fourth quarter, Franklin BSP Realty Trust had an EPS of $0.37, compared to year-ago quarter EPS of $0.36. At the moment, the stock has a 52-week-high of $16.17 and a 52-week-low of $10.36. Franklin BSP Realty Trust closed at $12.61 at the end of the last trading period.

Wedbush initiated coverage on DoubleDown Interactive Co Ltd DDI with an Outperform rating. The price target for DoubleDown Interactive is set to $12.25. In the fourth quarter, DoubleDown Interactive showed an EPS of $0.31, compared to $0.35 from the year-ago quarter.

See all analyst ratings initiations.