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

Upgrades

For Southern Co SO, B of A Securities upgraded the previous rating of Underperform to Neutral. For the second quarter, Southern had an EPS of $0.79, compared to year-ago quarter EPS of $1.07. The current stock performance of Southern shows a 52-week-high of $80.32 and a 52-week-low of $58.85. Moreover, at the end of the last trading period, the closing price was at $68.60.

According to JP Morgan, the prior rating for Immunogen Inc IMGN was changed from Neutral to Overweight. For the second quarter, Immunogen had an EPS of $0.02, compared to year-ago quarter EPS of $0.24. The current stock performance of Immunogen shows a 52-week-high of $20.69 and a 52-week-low of $3.60. Moreover, at the end of the last trading period, the closing price was at $15.45.

For Sealed Air Corp SEE, Credit Suisse upgraded the previous rating of Neutral to Outperform. For the second quarter, Sealed Air had an EPS of $0.80, compared to year-ago quarter EPS of $1.01. The current stock performance of Sealed Air shows a 52-week-high of $56.43 and a 52-week-low of $33.45. Moreover, at the end of the last trading period, the closing price was at $33.93.

According to Piper Sandler, the prior rating for UMB Financial Corp UMBF was changed from Neutral to Overweight. UMB Financial earned $1.93 in the second quarter, compared to $2.83 in the year-ago quarter. The stock has a 52-week-high of $92.70 and a 52-week-low of $50.68. At the end of the last trading period, UMB Financial closed at $61.87.

See all analyst ratings upgrades.

Downgrades

For 2seventy bio Inc TSVT, Guggenheim downgraded the previous rating of Buy to Neutral. In the second quarter, 2seventy bio showed an EPS of $0.83, compared to $2.02 from the year-ago quarter. The stock has a 52-week-high of $17.52 and a 52-week-low of $4.10. At the end of the last trading period, 2seventy bio closed at $4.16.

According to Citigroup, the prior rating for Ecopetrol SA EC was changed from Buy to Neutral. In the second quarter, Ecopetrol showed an EPS of $0.45, compared to $1.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.41 and a 52-week-low of $8.59. Ecopetrol closed at $12.32 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for 2seventy bio Inc TSVT from Buy to Neutral. For the second quarter, 2seventy bio had an EPS of $0.83, compared to year-ago quarter EPS of $2.02. The current stock performance of 2seventy bio shows a 52-week-high of $17.52 and a 52-week-low of $4.10. Moreover, at the end of the last trading period, the closing price was at $4.16.

JP Morgan downgraded the previous rating for Oracle Corp ORCL from Overweight to Neutral. For the first quarter, Oracle had an EPS of $1.19, compared to year-ago quarter EPS of $1.03. The stock has a 52-week-high of $127.54 and a 52-week-low of $60.78. At the end of the last trading period, Oracle closed at $109.61.

For Sight Sciences Inc SGHT, B of A Securities downgraded the previous rating of Neutral to Underperform. For the second quarter, Sight Sciences had an EPS of $0.30, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of $15.29 and a 52-week-low of $3.06. Sight Sciences closed at $3.28 at the end of the last trading period.

For Ball Corp BALL, Credit Suisse downgraded the previous rating of Outperform to Neutral. For the second quarter, Ball had an EPS of $0.61, compared to year-ago quarter EPS of $0.82. The current stock performance of Ball shows a 52-week-high of $62.14 and a 52-week-low of $46.00. Moreover, at the end of the last trading period, the closing price was at $51.88.

Credit Suisse downgraded the previous rating for O-I Glass Inc OI from Outperform to Neutral. O-I Glass earned $0.88 in the second quarter, compared to $0.73 in the year-ago quarter. The current stock performance of O-I Glass shows a 52-week-high of $23.57 and a 52-week-low of $12.05. Moreover, at the end of the last trading period, the closing price was at $18.55.

For Acelyrin Inc SLRN, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Acelyrin showed an EPS of $0.40, compared to $9.12 from the year-ago quarter. The current stock performance of Acelyrin shows a 52-week-high of $29.88 and a 52-week-low of $10.32. Moreover, at the end of the last trading period, the closing price was at $12.80.

According to Goldman Sachs, the prior rating for Ultrapar Participacoes SA UGP was changed from Buy to Neutral. For the second quarter, Ultrapar Participacoes had an EPS of $0.04, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $4.11 and a 52-week-low of $2.13. At the end of the last trading period, Ultrapar Participacoes closed at $3.83.

See all analyst ratings downgrades.

Initiations

Roth MKM initiated coverage on Redwire Corp RDW with a Buy rating. The price target for Redwire is set to $10.00. In the second quarter, Redwire showed an EPS of $0.16, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.58 and a 52-week-low of $1.68. Redwire closed at $3.11 at the end of the last trading period.

With an Overweight rating, JP Morgan initiated coverage on Expro Group Holdings NV XPRO. The price target seems to have been set at $30.00 for Expro Gr Hldgs. For the second quarter, Expro Gr Hldgs had an EPS of $0.17, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $24.50 and a 52-week-low of $11.40. Expro Gr Hldgs closed at $23.44 at the end of the last trading period.

With a Neutral rating, JP Morgan initiated coverage on Cactus Inc WHD. The price target seems to have been set at $60.00 for Cactus. Cactus earned $0.84 in the second quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.17 and a 52-week-low of $31.36. Cactus closed at $52.99 at the end of the last trading period.

Needham initiated coverage on Immunocore Holdings PLC IMCR with a Buy rating. The price target for Immunocore Hldgs is set to $75.00. For the second quarter, Immunocore Hldgs had an EPS of $0.37, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $69.01 and a 52-week-low of $39.00. At the end of the last trading period, Immunocore Hldgs closed at $54.02.

UBS initiated coverage on Lear Corp LEA with a Neutral rating. The price target for Lear is set to $150.00. For the second quarter, Lear had an EPS of $3.33, compared to year-ago quarter EPS of $1.79. The current stock performance of Lear shows a 52-week-high of $157.91 and a 52-week-low of $115.09. Moreover, at the end of the last trading period, the closing price was at $143.24.

With a Neutral rating, UBS initiated coverage on Dana Inc DAN. The price target seems to have been set at $17.00 for Dana. Dana earned $0.37 in the second quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.75 and a 52-week-low of $11.18. Dana closed at $15.87 at the end of the last trading period.

UBS initiated coverage on Magna International Inc MGA with a Neutral rating. The price target for Magna International is set to $63.00. For the second quarter, Magna International had an EPS of $1.50, compared to year-ago quarter EPS of $0.83. The current stock performance of Magna International shows a 52-week-high of $68.92 and a 52-week-low of $45.60. Moreover, at the end of the last trading period, the closing price was at $58.15.

UBS initiated coverage on Rivian Automotive Inc RIVN with a Neutral rating. The price target for Rivian Automotive is set to $26.00. For the second quarter, Rivian Automotive had an EPS of $1.08, compared to year-ago quarter EPS of $1.62. The current stock performance of Rivian Automotive shows a 52-week-high of $40.86 and a 52-week-low of $11.68. Moreover, at the end of the last trading period, the closing price was at $23.58.

UBS initiated coverage on Adient PLC ADNT with a Neutral rating. The price target for Adient is set to $43.00. In the third quarter, Adient showed an EPS of $0.98, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $47.50 and a 52-week-low of $27.74. At the end of the last trading period, Adient closed at $39.40.

With a Neutral rating, UBS initiated coverage on Visteon Corp VC. The price target seems to have been set at $157.00 for Visteon. For the second quarter, Visteon had an EPS of $1.18, compared to year-ago quarter EPS of $1.34. The stock has a 52-week-high of $171.66 and a 52-week-low of $103.47. At the end of the last trading period, Visteon closed at $139.68.

With a Neutral rating, UBS initiated coverage on American Axle & Mfg Holdings Inc AXL. The price target seems to have been set at $9.00 for American Axle & Mfg Hldgs. In the second quarter, American Axle & Mfg Hldgs showed an EPS of $0.12, compared to $0.22 from the year-ago quarter. The current stock performance of American Axle & Mfg Hldgs shows a 52-week-high of $11.16 and a 52-week-low of $6.61. Moreover, at the end of the last trading period, the closing price was at $7.76.

UBS initiated coverage on BorgWarner Inc BWA with a Buy rating. The price target for BorgWarner is set to $52.00. For the second quarter, BorgWarner had an EPS of $1.35, compared to year-ago quarter EPS of $1.05. The current stock performance of BorgWarner shows a 52-week-high of $51.14 and a 52-week-low of $31.16. Moreover, at the end of the last trading period, the closing price was at $41.34.

With a Buy rating, UBS initiated coverage on Mobileye Global Inc MBLY. The price target seems to have been set at $48.00 for Mobileye Global. For the second quarter, Mobileye Global had an EPS of $0.17, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $48.11 and a 52-week-low of $24.86. Mobileye Global closed at $35.46 at the end of the last trading period.

With a Buy rating, Guggenheim initiated coverage on TKO Group Holdings Inc TKO. The price target seems to have been set at $130.00 for TKO Group Holdings. The current stock performance of TKO Group Holdings shows a 52-week-high of $103.98 and a 52-week-low of $100.00. Moreover, at the end of the last trading period, the closing price was at $103.05.

Stephens & Co. initiated coverage on Seacoast Banking Corp of Florida SBCF with a Equal-Weight rating. The price target for Seacoast Banking is set to $23.00. In the second quarter, Seacoast Banking showed an EPS of $0.58, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.96 and a 52-week-low of $17.93. Seacoast Banking closed at $22.90 at the end of the last trading period.

Stephens & Co. initiated coverage on Towne Bank TOWN with a Equal-Weight rating. The price target for Towne Bank is set to $23.00. In the second quarter, Towne Bank showed an EPS of $0.52, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.42 and a 52-week-low of $21.22. Towne Bank closed at $23.43 at the end of the last trading period.

TD Cowen initiated coverage on Beyond Meat Inc BYND with an Underperform rating. The price target for Beyond Meat is set to $10.00. Beyond Meat earned $0.83 in the second quarter, compared to $1.53 in the year-ago quarter. The current stock performance of Beyond Meat shows a 52-week-high of $23.33 and a 52-week-low of $9.81. Moreover, at the end of the last trading period, the closing price was at $10.82.

With an Underperform rating, TD Cowen initiated coverage on B&G Foods Inc BGS. The price target seems to have been set at $10.00 for B&G Foods. For the second quarter, B&G Foods had an EPS of $0.15, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $21.51 and a 52-week-low of $10.77. At the end of the last trading period, B&G Foods closed at $11.05.

With a Market Perform rating, TD Cowen initiated coverage on Vital Farms Inc VITL. The price target seems to have been set at $13.00 for Vital Farms. In the second quarter, Vital Farms showed an EPS of $0.15, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.18 and a 52-week-low of $10.00. Vital Farms closed at $11.12 at the end of the last trading period.

With a Market Perform rating, TD Cowen initiated coverage on Treehouse Foods Inc THS. The price target seems to have been set at $45.00 for Treehouse Foods. In the second quarter, Treehouse Foods showed an EPS of $0.42, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $55.30 and a 52-week-low of $40.60. Treehouse Foods closed at $46.40 at the end of the last trading period.

TD Cowen initiated coverage on McCormick & Co Inc MKC with a Market Perform rating. The price target for McCormick & Co is set to $87.00. McCormick & Co earned $0.60 in the second quarter, compared to $0.48 in the year-ago quarter. The current stock performance of McCormick & Co shows a 52-week-high of $94.39 and a 52-week-low of $70.60. Moreover, at the end of the last trading period, the closing price was at $80.73.

With a Market Perform rating, TD Cowen initiated coverage on The Kraft Heinz Co KHC. The price target seems to have been set at $35.00 for Kraft Heinz. For the second quarter, Kraft Heinz had an EPS of $0.79, compared to year-ago quarter EPS of $0.70. At the moment, the stock has a 52-week-high of $42.80 and a 52-week-low of $32.42. Kraft Heinz closed at $33.56 at the end of the last trading period.

With a Market Perform rating, TD Cowen initiated coverage on Kellogg Co K. The price target seems to have been set at $63.00 for Kellogg. In the second quarter, Kellogg showed an EPS of $1.25, compared to $1.18 from the year-ago quarter. The current stock performance of Kellogg shows a 52-week-high of $77.16 and a 52-week-low of $58.88. Moreover, at the end of the last trading period, the closing price was at $59.60.

TD Cowen initiated coverage on Hostess Brands Inc TWNK with a Market Perform rating. The price target for Hostess Brands is set to $34.00. For the second quarter, Hostess Brands had an EPS of $0.28, compared to year-ago quarter EPS of $0.22. The stock has a 52-week-high of $33.58 and a 52-week-low of $21.59. At the end of the last trading period, Hostess Brands closed at $33.51.

With a Market Perform rating, TD Cowen initiated coverage on General Mills Inc GIS. The price target seems to have been set at $70.00 for General Mills. In the fourth quarter, General Mills showed an EPS of $1.12, compared to $1.12 from the year-ago quarter. The current stock performance of General Mills shows a 52-week-high of $90.89 and a 52-week-low of $64.70. Moreover, at the end of the last trading period, the closing price was at $65.49.

TD Cowen initiated coverage on Conagra Brands Inc CAG with a Market Perform rating. The price target for Conagra Brands is set to $32.00. Conagra Brands earned $0.62 in the fourth quarter, compared to $0.65 in the year-ago quarter. The current stock performance of Conagra Brands shows a 52-week-high of $41.30 and a 52-week-low of $28.35. Moreover, at the end of the last trading period, the closing price was at $28.63.

TD Cowen initiated coverage on Campbell Soup Co CPB with a Market Perform rating. The price target for Campbell Soup is set to $45.00. In the fourth quarter, Campbell Soup showed an EPS of $0.50, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.76 and a 52-week-low of $40.76. Campbell Soup closed at $42.58 at the end of the last trading period.

With an Outperform rating, TD Cowen initiated coverage on Utz Brands Inc UTZ. The price target seems to have been set at $18.00 for Utz Brands. For the second quarter, Utz Brands had an EPS of $0.13, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $19.12 and a 52-week-low of $13.61. Utz Brands closed at $13.78 at the end of the last trading period.

With an Outperform rating, TD Cowen initiated coverage on Lamb Weston Holdings Inc LW. The price target seems to have been set at $125.00 for Lamb Weston Hldgs. For the fourth quarter, Lamb Weston Hldgs had an EPS of $1.22, compared to year-ago quarter EPS of $0.65. At the moment, the stock has a 52-week-high of $117.38 and a 52-week-low of $74.93. Lamb Weston Hldgs closed at $97.62 at the end of the last trading period.

With an Outperform rating, TD Cowen initiated coverage on The Hershey Co HSY. The price target seems to have been set at $250.00 for Hershey. Hershey earned $2.01 in the second quarter, compared to $1.80 in the year-ago quarter. The current stock performance of Hershey shows a 52-week-high of $276.88 and a 52-week-low of $206.69. Moreover, at the end of the last trading period, the closing price was at $207.59.

With an Outperform rating, TD Cowen initiated coverage on Freshpet Inc FRPT. The price target seems to have been set at $90.00 for Freshpet. For the second quarter, Freshpet had an EPS of $0.35, compared to year-ago quarter EPS of $0.45. The current stock performance of Freshpet shows a 52-week-high of $84.70 and a 52-week-low of $37.92. Moreover, at the end of the last trading period, the closing price was at $72.22.

With an Outperform rating, TD Cowen initiated coverage on JM Smucker Co SJM. The price target seems to have been set at $158.00 for JM Smucker. JM Smucker earned $2.21 in the first quarter, compared to $1.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $163.07 and a 52-week-low of $129.00. JM Smucker closed at $129.86 at the end of the last trading period.

With an Outperform rating, TD Cowen initiated coverage on Mondelez International Inc MDLZ. The price target seems to have been set at $82.00 for Mondelez International. For the second quarter, Mondelez International had an EPS of $0.76, compared to year-ago quarter EPS of $0.67. The stock has a 52-week-high of $78.59 and a 52-week-low of $54.72. At the end of the last trading period, Mondelez International closed at $71.06.

Citigroup initiated coverage on Sociedad Quimica Y Minera De Chile SA SQM with a Buy rating. The price target for Sociedad Quimica Y Minera is set to $85.00. For the second quarter, Sociedad Quimica Y Minera had an EPS of $2.03, compared to year-ago quarter EPS of $3.01. The stock has a 52-week-high of $114.63 and a 52-week-low of $58.05. At the end of the last trading period, Sociedad Quimica Y Minera closed at $58.15.

With a Buy rating, Citigroup initiated coverage on Veeco Instruments Inc VECO. The price target seems to have been set at $35.00 for Veeco Instruments. Veeco Instruments earned $0.36 in the second quarter, compared to $0.35 in the year-ago quarter. The current stock performance of Veeco Instruments shows a 52-week-high of $31.09 and a 52-week-low of $16.21. Moreover, at the end of the last trading period, the closing price was at $27.55.

See all analyst ratings initiations.