Benzinga's Top Ratings Upgrades, Downgrades For September 18, 2023

Upgrades

Northcoast Research upgraded the previous rating for Jack Henry & Associates Inc JKHY from Neutral to Buy. For the fourth quarter, Jack Henry & Associates had an EPS of $1.34, compared to year-ago quarter EPS of $1.10. The current stock performance of Jack Henry & Associates shows a 52-week-high of $202.60 and a 52-week-low of $139.28. Moreover, at the end of the last trading period, the closing price was at $154.49.

For Carvana Co CVNA, Wedbush upgraded the previous rating of Underperform to Neutral. For the second quarter, Carvana had an EPS of $0.55, compared to year-ago quarter EPS of $2.35. The stock has a 52-week-high of $57.19 and a 52-week-low of $3.56. At the end of the last trading period, Carvana closed at $52.20.

For Ralph Lauren Corp RL, Guggenheim upgraded the previous rating of Neutral to Buy. For the first quarter, Ralph Lauren had an EPS of $2.34, compared to year-ago quarter EPS of $1.88. At the moment, the stock has a 52-week-high of $135.75 and a 52-week-low of $82.57. Ralph Lauren closed at $113.86 at the end of the last trading period.

For BioCryst Pharmaceuticals Inc BCRX, RBC Capital upgraded the previous rating of Sector Perform to Outperform. BioCryst Pharma earned $0.24 in the second quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.50 and a 52-week-low of $6.62. BioCryst Pharma closed at $6.85 at the end of the last trading period.

For Iridium Communications Inc IRDM, Deutsche Bank upgraded the previous rating of Hold to Buy. Iridium Comms earned $0.24 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.34 and a 52-week-low of $43.02. Iridium Comms closed at $47.55 at the end of the last trading period.

According to B of A Securities, the prior rating for ESAB Corp ESAB was changed from Neutral to Buy. ESAB earned $1.28 in the second quarter, compared to $1.14 in the year-ago quarter. The stock has a 52-week-high of $73.42 and a 52-week-low of $32.20. At the end of the last trading period, ESAB closed at $68.30.

According to Hovde Group, the prior rating for Prosperity Bancshares Inc PB was changed from Market Perform to Outperform. In the second quarter, Prosperity Bancshares showed an EPS of $1.21, compared to $1.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $78.76 and a 52-week-low of $54.45. Prosperity Bancshares closed at $56.85 at the end of the last trading period.

According to HC Wainwright & Co., the prior rating for Oncternal Therapeutics Inc ONCT was changed from Neutral to Buy. In the second quarter, Oncternal Therapeutics showed an EPS of $0.15, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $1.33 and a 52-week-low of $0.26. At the end of the last trading period, Oncternal Therapeutics closed at $0.35.

According to Wells Fargo, the prior rating for Lockheed Martin Corp LMT was changed from Underweight to Equal-Weight. Lockheed Martin earned $6.73 in the second quarter, compared to $6.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $508.10 and a 52-week-low of $383.24. Lockheed Martin closed at $424.05 at the end of the last trading period.

Wells Fargo upgraded the previous rating for L3Harris Technologies Inc LHX from Equal-Weight to Overweight. L3Harris Technologies earned $2.97 in the second quarter, compared to $6.38 in the year-ago quarter. The current stock performance of L3Harris Technologies shows a 52-week-high of $255.02 and a 52-week-low of $167.14. Moreover, at the end of the last trading period, the closing price was at $172.72.

For Albany International Corp AIN, TD Cowen upgraded the previous rating of Market Perform to Outperform. For the second quarter, Albany Intl had an EPS of $0.90, compared to year-ago quarter EPS of $1.06. The current stock performance of Albany Intl shows a 52-week-high of $115.39 and a 52-week-low of $77.15. Moreover, at the end of the last trading period, the closing price was at $85.47.

According to Mizuho, the prior rating for Kimco Realty Corp KIM was changed from Neutral to Buy. Kimco Realty earned $0.39 in the second quarter, compared to $0.40 in the year-ago quarter. The current stock performance of Kimco Realty shows a 52-week-high of $23.27 and a 52-week-low of $17.34. Moreover, at the end of the last trading period, the closing price was at $18.88.

UBS upgraded the previous rating for AGNC Investment Corp AGNC from Neutral to Buy. AGNC Investment earned $0.67 in the second quarter, compared to $0.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.25 and a 52-week-low of $7.30. AGNC Investment closed at $10.07 at the end of the last trading period.

According to UBS, the prior rating for Annaly Capital Management Inc NLY was changed from Neutral to Buy. In the second quarter, Annaly Capital Management showed an EPS of $0.72, compared to $1.20 from the year-ago quarter. The stock has a 52-week-high of $27.18 and a 52-week-low of $15.11. At the end of the last trading period, Annaly Capital Management closed at $20.57.

According to Mizuho, the prior rating for DoorDash Inc DASH was changed from Neutral to Buy. In the second quarter, DoorDash showed an EPS of $0.44, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $92.61 and a 52-week-low of $41.40. DoorDash closed at $80.93 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Alteryx Inc AYX was changed from Equal-Weight to Overweight. In the second quarter, Alteryx showed an EPS of $0.37, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $70.63 and a 52-week-low of $27.92. At the end of the last trading period, Alteryx closed at $34.85.

According to Morgan Stanley, the prior rating for The Simply Good Foods Co SMPL was changed from Equal-Weight to Overweight. For the third quarter, Simply Good Foods had an EPS of $0.44, compared to year-ago quarter EPS of $0.44. The current stock performance of Simply Good Foods shows a 52-week-high of $40.14 and a 52-week-low of $29.21. Moreover, at the end of the last trading period, the closing price was at $33.86.

JP Morgan upgraded the previous rating for ZIM Integrated Shipping Services Ltd ZIM from Neutral to Overweight. In the second quarter, ZIM Integrated Shipping showed an EPS of $1.79, compared to $11.07 from the year-ago quarter. The current stock performance of ZIM Integrated Shipping shows a 52-week-high of $31.12 and a 52-week-low of $11.00. Moreover, at the end of the last trading period, the closing price was at $11.00.

According to Piper Sandler, the prior rating for Skechers USA Inc SKX was changed from Neutral to Overweight. In the second quarter, Skechers USA showed an EPS of $0.98, compared to $0.58 from the year-ago quarter. The stock has a 52-week-high of $56.53 and a 52-week-low of $31.29. At the end of the last trading period, Skechers USA closed at $47.38.

According to Deutsche Bank, the prior rating for Micron Technology Inc MU was changed from Hold to Buy. In the third quarter, Micron Technology showed an EPS of $1.43, compared to $2.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $74.77 and a 52-week-low of $48.43. Micron Technology closed at $69.88 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Craig-Hallum downgraded the previous rating for PFSweb Inc PFSW from Buy to Hold. For the second quarter, PFSweb had an EPS of $0.07, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $11.38 and a 52-week-low of $3.80. At the end of the last trading period, PFSweb closed at $7.44.

For Frontier Group Holdings Inc ULCC, Evercore ISI Group downgraded the previous rating of Outperform to Neutral. Frontier Group Holdings earned $0.31 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $14.34 and a 52-week-low of $5.31. At the end of the last trading period, Frontier Group Holdings closed at $5.54.

According to MoffettNathanson, the prior rating for PayPal Holdings Inc PYPL was changed from Outperform to Market Perform. In the second quarter, PayPal Holdings showed an EPS of $1.16, compared to $0.93 from the year-ago quarter. The stock has a 52-week-high of $98.98 and a 52-week-low of $57.29. At the end of the last trading period, PayPal Holdings closed at $64.21.

For OceanFirst Financial Corp OCFC, DA Davidson downgraded the previous rating of Buy to Neutral. For the second quarter, OceanFirst Financial had an EPS of $0.46, compared to year-ago quarter EPS of $0.59. The stock has a 52-week-high of $24.93 and a 52-week-low of $12.81. At the end of the last trading period, OceanFirst Financial closed at $16.00.

According to Redburn Atlantic, the prior rating for Global Payments Inc GPN was changed from Neutral to Sell. Global Payments earned $2.62 in the second quarter, compared to $2.36 in the year-ago quarter. The current stock performance of Global Payments shows a 52-week-high of $135.39 and a 52-week-low of $92.28. Moreover, at the end of the last trading period, the closing price was at $124.34.

Desjardins downgraded the previous rating for Suncor Energy Inc SU from Buy to Hold. For the second quarter, Suncor Energy had an EPS of $0.71, compared to year-ago quarter EPS of $2.12. At the moment, the stock has a 52-week-high of $37.22 and a 52-week-low of $26.44. Suncor Energy closed at $35.09 at the end of the last trading period.

For NetApp Inc NTAP, William Blair downgraded the previous rating of Outperform to Market Perform. For the first quarter, NetApp had an EPS of $1.15, compared to year-ago quarter EPS of $1.20. At the moment, the stock has a 52-week-high of $80.53 and a 52-week-low of $58.08. NetApp closed at $77.72 at the end of the last trading period.

According to Mizuho, the prior rating for Federal Realty Investment Trust FRT was changed from Buy to Neutral. For the second quarter, Federal Realty Investment had an EPS of $1.67, compared to year-ago quarter EPS of $1.65. At the moment, the stock has a 52-week-high of $115.08 and a 52-week-low of $85.27. Federal Realty Investment closed at $98.82 at the end of the last trading period.

For Paymentus Holdings Inc PAY, Baird downgraded the previous rating of Outperform to Neutral. For the second quarter, Paymentus Holdings had an EPS of $0.08, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $16.23 and a 52-week-low of $6.85. At the end of the last trading period, Paymentus Holdings closed at $16.14.

According to Piper Sandler, the prior rating for VF Corp VFC was changed from Overweight to Neutral. In the first quarter, VF showed an EPS of $0.15, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $42.01 and a 52-week-low of $16.77. At the end of the last trading period, VF closed at $18.16.

For Planet Fitness Inc PLNT, Jefferies downgraded the previous rating of Buy to Hold. For the second quarter, Planet Fitness had an EPS of $0.65, compared to year-ago quarter EPS of $0.38. The current stock performance of Planet Fitness shows a 52-week-high of $85.91 and a 52-week-low of $49.91. Moreover, at the end of the last trading period, the closing price was at $50.29.

According to Citigroup, the prior rating for PTC Therapeutics Inc PTCT was changed from Buy to Neutral. In the second quarter, PTC Therapeutics showed an EPS of $1.48, compared to $2.13 from the year-ago quarter. The stock has a 52-week-high of $59.84 and a 52-week-low of $24.43. At the end of the last trading period, PTC Therapeutics closed at $26.26.

Raymond James downgraded the previous rating for PTC Therapeutics Inc PTCT from Outperform to Underperform. In the second quarter, PTC Therapeutics showed an EPS of $1.48, compared to $2.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.84 and a 52-week-low of $24.43. PTC Therapeutics closed at $26.26 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Northland Capital Markets initiated coverage on Ambarella Inc AMBA with an Outperform rating. The price target for Ambarella is set to $70.00. In the second quarter, Ambarella showed an EPS of $0.15, compared to $0.20 from the year-ago quarter. The stock has a 52-week-high of $99.86 and a 52-week-low of $49.02. At the end of the last trading period, Ambarella closed at $57.11.

TD Cowen initiated coverage on Tenable Holdings Inc TENB with an Outperform rating. The price target for Tenable Holdings is set to $55.00. Tenable Holdings earned $0.22 in the second quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Tenable Holdings shows a 52-week-high of $49.77 and a 52-week-low of $28.80. Moreover, at the end of the last trading period, the closing price was at $45.61.

With an Underperform rating, Bernstein initiated coverage on ARM Holdings PLC ARM. The price target seems to have been set at $46.00 for ARM Holdings. At the moment, the stock has a 52-week-high of $69.00 and a 52-week-low of $55.54. ARM Holdings closed at $60.75 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Anebulo Pharmaceuticals Inc ANEB with a Buy rating. The price target for Anebulo Pharmaceuticals is set to $6.00. Anebulo Pharmaceuticals earned $0.11 in the third quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Anebulo Pharmaceuticals shows a 52-week-high of $4.05 and a 52-week-low of $1.77. Moreover, at the end of the last trading period, the closing price was at $3.20.

With an Overweight rating, Wells Fargo initiated coverage on ASGN Inc ASGN. The price target seems to have been set at $102.00 for ASGN. In the second quarter, ASGN showed an EPS of $1.59, compared to $1.71 from the year-ago quarter. The current stock performance of ASGN shows a 52-week-high of $99.16 and a 52-week-low of $63.27. Moreover, at the end of the last trading period, the closing price was at $77.70.

Wells Fargo initiated coverage on Kinetik Holdings Inc KNTK with a Equal-Weight rating. The price target for Kinetik Holdings is set to $38.00. For the second quarter, Kinetik Holdings had an EPS of $0.41, compared to year-ago quarter EPS of $0.06. The current stock performance of Kinetik Holdings shows a 52-week-high of $40.36 and a 52-week-low of $26.32. Moreover, at the end of the last trading period, the closing price was at $34.54.

Wells Fargo initiated coverage on NEXTracker Inc NXT with a Equal-Weight rating. The price target for NEXTracker is set to $44.00. The stock has a 52-week-high of $46.55 and a 52-week-low of $28.24. At the end of the last trading period, NEXTracker closed at $42.88.

Evercore ISI Group initiated coverage on QuantumScape Corp QS with an Outperform rating. The price target for QuantumScape is set to $10.00. For the second quarter, QuantumScape had an EPS of $0.26, compared to year-ago quarter EPS of $0.22. The current stock performance of QuantumScape shows a 52-week-high of $13.86 and a 52-week-low of $5.11. Moreover, at the end of the last trading period, the closing price was at $6.93.

UBS initiated coverage on Biomarin Pharmaceutical Inc BMRN with a Buy rating. The price target for Biomarin Pharmaceutical is set to $120.00. For the second quarter, Biomarin Pharmaceutical had an EPS of $0.54, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $117.77 and a 52-week-low of $80.58. Biomarin Pharmaceutical closed at $88.16 at the end of the last trading period.

UBS initiated coverage on ArcBest Corp ARCB with a Neutral rating. The price target for ArcBest is set to $110.00. In the second quarter, ArcBest showed an EPS of $1.54, compared to $4.30 from the year-ago quarter. The stock has a 52-week-high of $122.86 and a 52-week-low of $68.01. At the end of the last trading period, ArcBest closed at $101.93.

With an Overweight rating, Barclays initiated coverage on Alliant Energy Corp LNT. The price target seems to have been set at $55.00 for Alliant Energy. In the second quarter, Alliant Energy showed an EPS of $0.64, compared to $0.63 from the year-ago quarter. The stock has a 52-week-high of $62.05 and a 52-week-low of $47.23. At the end of the last trading period, Alliant Energy closed at $51.78.

Raymond James initiated coverage on Warner Bros. Discovery Inc WBD with an Outperform rating. The price target for Warner Bros. Discovery is set to $19.00. Warner Bros. Discovery earned $0.51 in the second quarter, compared to $1.05 in the year-ago quarter. The current stock performance of Warner Bros. Discovery shows a 52-week-high of $16.34 and a 52-week-low of $8.82. Moreover, at the end of the last trading period, the closing price was at $11.84.

Raymond James initiated coverage on Paramount Global PARA with a Market Perform rating. Paramount Global earned $0.10 in the second quarter, compared to $0.64 in the year-ago quarter. At the moment, the stock has a 52-week-high of $25.93 and a 52-week-low of $12.84. Paramount Global closed at $14.06 at the end of the last trading period.

Raymond James initiated coverage on The Walt Disney Co DIS with an Outperform rating. The price target for Walt Disney is set to $97.00. Walt Disney earned $1.03 in the third quarter, compared to $1.09 in the year-ago quarter. The stock has a 52-week-high of $118.18 and a 52-week-low of $79.75. At the end of the last trading period, Walt Disney closed at $85.58.

Jefferies initiated coverage on Southern Copper Corp SCCO with a Hold rating. The price target for Southern Copper is set to $91.00. Southern Copper earned $0.71 in the second quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $87.59 and a 52-week-low of $42.49. At the end of the last trading period, Southern Copper closed at $79.77.

RBC Capital initiated coverage on Seabridge Gold Inc SA with an Outperform rating. The price target for Seabridge Gold is set to $25.00. In the second quarter, Seabridge Gold showed an EPS of $0.08, compared to $0.19 from the year-ago quarter. The current stock performance of Seabridge Gold shows a 52-week-high of $16.18 and a 52-week-low of $10.08. Moreover, at the end of the last trading period, the closing price was at $11.14.

HSBC initiated coverage on Lululemon Athletica Inc LULU with a Buy rating. The price target for Lululemon Athletica is set to $500.00. For the second quarter, Lululemon Athletica had an EPS of $2.68, compared to year-ago quarter EPS of $2.20. The current stock performance of Lululemon Athletica shows a 52-week-high of $406.94 and a 52-week-low of $277.61. Moreover, at the end of the last trading period, the closing price was at $389.93.

See all analyst ratings initiations.