Benzinga's Top Ratings Upgrades, Downgrades For September 29, 2023

Upgrades

For Nike Inc NKE, Williams Trading upgraded the previous rating of Sell to Hold. Nike earned $0.94 in the first quarter, compared to $0.93 in the year-ago quarter. The stock has a 52-week-high of $131.31 and a 52-week-low of $82.24. At the end of the last trading period, Nike closed at $89.63.

Mizuho upgraded the previous rating for Spire Inc SR from Neutral to Buy. In the third quarter, Spire showed an EPS of $0.42, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $75.83 and a 52-week-low of $55.34. At the end of the last trading period, Spire closed at $55.90.

According to Northcoast Research, the prior rating for Texas Roadhouse Inc TXRH was changed from Neutral to Buy. For the second quarter, Texas Roadhouse had an EPS of $1.22, compared to year-ago quarter EPS of $1.07. The stock has a 52-week-high of $118.16 and a 52-week-low of $85.33. At the end of the last trading period, Texas Roadhouse closed at $95.57.

For Restaurant Brands International Inc QSR, Loop Capital upgraded the previous rating of Hold to Buy. Restaurant Brands Intl earned $0.85 in the second quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $78.30 and a 52-week-low of $51.28. Restaurant Brands Intl closed at $66.73 at the end of the last trading period.

According to Loop Capital, the prior rating for Bumble Inc BMBL was changed from Hold to Buy. For the second quarter, Bumble had an EPS of $0.05, compared to year-ago quarter EPS of $0.03. The current stock performance of Bumble shows a 52-week-high of $27.92 and a 52-week-low of $14.14. Moreover, at the end of the last trading period, the closing price was at $14.48.

For Ball Corp BALL, Jefferies upgraded the previous rating of Hold to Buy. 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 $48.17.

According to Stifel, the prior rating for Brinker International Inc EAT was changed from Hold to Buy. Brinker International earned $1.39 in the fourth quarter, compared to $1.15 in the year-ago quarter. The current stock performance of Brinker International shows a 52-week-high of $42.12 and a 52-week-low of $23.95. Moreover, at the end of the last trading period, the closing price was at $31.05.

Raymond James upgraded the previous rating for Trimble Inc TRMB from Market Perform to Outperform. Trimble earned $0.64 in the second quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Trimble shows a 52-week-high of $62.40 and a 52-week-low of $45.43. Moreover, at the end of the last trading period, the closing price was at $52.41.

BMO Capital upgraded the previous rating for Baytex Energy Corp BTE from Market Perform to Outperform. In the second quarter, Baytex Energy showed an EPS of $0.27, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $4.43 and a 52-week-low of $2.89. At the end of the last trading period, Baytex Energy closed at $4.31.

According to Stifel, the prior rating for Editas Medicine Inc EDIT was changed from Hold to Buy. For the second quarter, Editas Medicine had an EPS of $0.56, compared to year-ago quarter EPS of $0.78. The current stock performance of Editas Medicine shows a 52-week-high of $14.22 and a 52-week-low of $6.33. Moreover, at the end of the last trading period, the closing price was at $6.92.

See all analyst ratings upgrades.

Downgrades

According to Odeon Capital, the prior rating for M&T Bank Corp MTB was changed from Buy to Hold. In the second quarter, M&T Bank showed an EPS of $5.12, compared to $3.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $192.30 and a 52-week-low of $109.36. M&T Bank closed at $126.46 at the end of the last trading period.

According to Mizuho, the prior rating for USA Compression Partners LP USAC was changed from Neutral to Underperform. USA Compression Partners earned $0.11 in the second quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $26.40 and a 52-week-low of $16.39. At the end of the last trading period, USA Compression Partners closed at $25.41.

Mizuho downgraded the previous rating for Sunoco LP SUN from Buy to Neutral. For the second quarter, Sunoco had an EPS of $0.78, compared to year-ago quarter EPS of $1.20. The stock has a 52-week-high of $51.85 and a 52-week-low of $37.40. At the end of the last trading period, Sunoco closed at $51.22.

According to Northcoast Research, the prior rating for Badger Meter Inc BMI was changed from Neutral to Sell. Badger Meter earned $0.76 in the second quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $170.86 and a 52-week-low of $88.78. Badger Meter closed at $155.49 at the end of the last trading period.

Wolfe Research downgraded the previous rating for ResMed Inc RMD from Outperform to Peer Perform. In the fourth quarter, ResMed showed an EPS of $1.60, compared to $1.49 from the year-ago quarter. The current stock performance of ResMed shows a 52-week-high of $243.52 and a 52-week-low of $136.20. Moreover, at the end of the last trading period, the closing price was at $150.05.

Edward Jones downgraded the previous rating for Berkshire Hathaway Inc BRK from Buy to Hold. For the second quarter, Berkshire Hathaway had an EPS of $6928.40, compared to year-ago quarter EPS of $6312.49.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Benchmark initiated coverage on Movado Group Inc MOV. The price target seems to have been set at $41.00 for Movado Group. Movado Group earned $0.38 in the second quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.28 and a 52-week-low of $23.94. Movado Group closed at $25.97 at the end of the last trading period.

Raymond James initiated coverage on Alnylam Pharmaceuticals Inc ALNY with an Outperform rating. The price target for Alnylam Pharmaceuticals is set to $208.00. In the second quarter, Alnylam Pharmaceuticals showed an EPS of $1.62, compared to $2.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $242.74 and a 52-week-low of $168.65. Alnylam Pharmaceuticals closed at $174.03 at the end of the last trading period.

With an Outperform rating, Raymond James initiated coverage on AbbVie Inc ABBV. The price target seems to have been set at $177.00 for AbbVie. AbbVie earned $2.91 in the second quarter, compared to $3.37 in the year-ago quarter. The current stock performance of AbbVie shows a 52-week-high of $168.11 and a 52-week-low of $130.96. Moreover, at the end of the last trading period, the closing price was at $152.25.

For Lantheus Holdings Inc LNTH, William Blair initiated coverage, by setting the current rating at Outperform. Lantheus Holdings earned $1.54 in the second quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $100.85 and a 52-week-low of $47.46. At the end of the last trading period, Lantheus Holdings closed at $69.53.

With a Buy rating, Citigroup initiated coverage on Zions Bancorp NA ZION. The price target seems to have been set at $42.00 for Zions Bancorp. Zions Bancorp earned $1.11 in the second quarter, compared to $1.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.10 and a 52-week-low of $18.26. Zions Bancorp closed at $33.95 at the end of the last trading period.

Citigroup initiated coverage on Huntington Bancshares Inc HBAN with a Buy rating. The price target for Huntington Bancshares is set to $12.00. In the second quarter, Huntington Bancshares showed an EPS of $0.35, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.74 and a 52-week-low of $9.13. Huntington Bancshares closed at $10.21 at the end of the last trading period.

With a Neutral rating, Citigroup initiated coverage on New York Community Bancorp Inc NYCB. The price target seems to have been set at $12.00 for New York Community. In the second quarter, New York Community showed an EPS of $0.47, compared to $0.35 from the year-ago quarter. The stock has a 52-week-high of $14.22 and a 52-week-low of $5.81. At the end of the last trading period, New York Community closed at $11.28.

HC Wainwright & Co. initiated coverage on Elevation Oncology Inc ELEV with a Buy rating. The price target for Elevation Oncology is set to $1.50. Elevation Oncology earned $0.37 in the second quarter, compared to $0.86 in the year-ago quarter. The stock has a 52-week-high of $5.89 and a 52-week-low of $0.64. At the end of the last trading period, Elevation Oncology closed at $0.68.

With a Neutral rating, Citigroup initiated coverage on First Citizens BancShares Inc FCNCA. The price target seems to have been set at $1520.00 for First Citizens BancShares. For the second quarter, First Citizens BancShares had an EPS of $52.60, compared to year-ago quarter EPS of $16.86. The current stock performance of First Citizens BancShares shows a 52-week-high of $1512.07 and a 52-week-low of $505.84. Moreover, at the end of the last trading period, the closing price was at $1370.60.

Wolfe Research initiated coverage on Petco Health and Wellness Co Inc WOOF with a Peer Perform rating. Petco Health and Wellness earned $0.06 in the second quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Petco Health and Wellness shows a 52-week-high of $12.57 and a 52-week-low of $3.72. Moreover, at the end of the last trading period, the closing price was at $3.91.

With a Buy rating, UBS initiated coverage on Invitation Homes Inc INVH. The price target seems to have been set at $38.00 for Invitation Homes. For the second quarter, Invitation Homes had an EPS of $0.44, compared to year-ago quarter EPS of $0.42. The stock has a 52-week-high of $36.53 and a 52-week-low of $28.52. At the end of the last trading period, Invitation Homes closed at $31.76.

With a Neutral rating, UBS initiated coverage on American Homes 4 Rent AMH. The price target seems to have been set at $35.00 for American Homes 4 Rent. For the second quarter, American Homes 4 Rent had an EPS of $0.41, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $37.97 and a 52-week-low of $28.79. At the end of the last trading period, American Homes 4 Rent closed at $33.86.

With a Neutral rating, UBS initiated coverage on Opendoor Technologies Inc OPEN. The price target seems to have been set at $2.75 for Opendoor Technologies. For the second quarter, Opendoor Technologies had an EPS of $0.30, compared to year-ago quarter EPS of $0.20. The current stock performance of Opendoor Technologies shows a 52-week-high of $5.41 and a 52-week-low of $0.92. Moreover, at the end of the last trading period, the closing price was at $2.61.

With a Buy rating, HSBC initiated coverage on Synopsys Inc SNPS. The price target seems to have been set at $551.00 for Synopsys. Synopsys earned $2.88 in the third quarter, compared to $2.10 in the year-ago quarter. The current stock performance of Synopsys shows a 52-week-high of $471.15 and a 52-week-low of $267.00. Moreover, at the end of the last trading period, the closing price was at $460.71.

HSBC initiated coverage on Palo Alto Networks Inc PANW with a Hold rating. The price target for Palo Alto Networks is set to $242.00. In the fourth quarter, Palo Alto Networks showed an EPS of $1.44, compared to $0.80 from the year-ago quarter. The current stock performance of Palo Alto Networks shows a 52-week-high of $258.88 and a 52-week-low of $132.22. Moreover, at the end of the last trading period, the closing price was at $235.18.

With a Hold rating, HSBC initiated coverage on Intuit Inc INTU. The price target seems to have been set at $520.00 for Intuit. In the fourth quarter, Intuit showed an EPS of $1.65, compared to $1.10 from the year-ago quarter. The current stock performance of Intuit shows a 52-week-high of $558.64 and a 52-week-low of $352.66. Moreover, at the end of the last trading period, the closing price was at $512.24.

With a Buy rating, HSBC initiated coverage on Fortinet Inc FTNT. The price target seems to have been set at $75.00 for Fortinet. Fortinet earned $0.38 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $81.24 and a 52-week-low of $42.69. At the end of the last trading period, Fortinet closed at $58.60.

HSBC initiated coverage on Fair Isaac Corp FICO with a Reduce rating. The price target for Fair Isaac is set to $729.00. Fair Isaac earned $5.66 in the third quarter, compared to $4.47 in the year-ago quarter. The stock has a 52-week-high of $916.41 and a 52-week-low of $391.84. At the end of the last trading period, Fair Isaac closed at $886.84.

HSBC initiated coverage on Autodesk Inc ADSK with a Hold rating. The price target for Autodesk is set to $214.00. Autodesk earned $1.91 in the second quarter, compared to $1.65 in the year-ago quarter. The current stock performance of Autodesk shows a 52-week-high of $233.53 and a 52-week-low of $179.61. Moreover, at the end of the last trading period, the closing price was at $207.89.

HSBC initiated coverage on Akamai Technologies Inc AKAM with a Hold rating. The price target for Akamai Techs is set to $106.00. In the second quarter, Akamai Techs showed an EPS of $1.49, compared to $1.35 from the year-ago quarter. The stock has a 52-week-high of $109.05 and a 52-week-low of $70.65. At the end of the last trading period, Akamai Techs closed at $107.04.

With a Hold rating, HSBC initiated coverage on Adobe Inc ADBE. The price target seems to have been set at $519.00 for Adobe. In the third quarter, Adobe showed an EPS of $4.09, compared to $3.40 from the year-ago quarter. The current stock performance of Adobe shows a 52-week-high of $570.24 and a 52-week-low of $274.88. Moreover, at the end of the last trading period, the closing price was at $504.67.

HSBC initiated coverage on United Parcel Service Inc UPS with a Hold rating. The price target for United Parcel Service is set to $170.00. United Parcel Service earned $2.54 in the second quarter, compared to $3.29 in the year-ago quarter. The stock has a 52-week-high of $197.80 and a 52-week-low of $150.54. At the end of the last trading period, United Parcel Service closed at $155.50.

With a Buy rating, HSBC initiated coverage on FedEx Corp FDX. The price target seems to have been set at $330.00 for FedEx. FedEx earned $4.55 in the first quarter, compared to $3.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $270.95 and a 52-week-low of $144.91. FedEx closed at $266.44 at the end of the last trading period.

With a Strong Buy rating, Raymond James initiated coverage on Customers Bancorp Inc CUBI. The price target seems to have been set at $60.00 for Customers Bancorp. For the second quarter, Customers Bancorp had an EPS of $1.65, compared to year-ago quarter EPS of $1.77. At the moment, the stock has a 52-week-high of $45.00 and a 52-week-low of $6.87. Customers Bancorp closed at $32.35 at the end of the last trading period.

For Jazz Pharmaceuticals PLC JAZZ, Raymond James initiated coverage, by setting the current rating at Market Perform. In the second quarter, Jazz Pharmaceuticals showed an EPS of $4.51, compared to $4.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $160.96 and a 52-week-low of $120.64. Jazz Pharmaceuticals closed at $131.03 at the end of the last trading period.

Raymond James initiated coverage on Ionis Pharmaceuticals Inc IONS with a Strong Buy rating. The price target for Ionis Pharmaceuticals is set to $63.00. Ionis Pharmaceuticals earned $0.41 in the second quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $47.74 and a 52-week-low of $32.69. At the end of the last trading period, Ionis Pharmaceuticals closed at $46.26.

DA Davidson initiated coverage on NICE Ltd NICE with a Neutral rating. The price target for NICE is set to $190.00. For the second quarter, NICE had an EPS of $2.13, compared to year-ago quarter EPS of $1.86. At the moment, the stock has a 52-week-high of $231.54 and a 52-week-low of $164.86. NICE closed at $167.80 at the end of the last trading period.

With an Outperform rating, Oppenheimer initiated coverage on Ingredion Inc INGR. The price target seems to have been set at $120.00 for Ingredion. In the second quarter, Ingredion showed an EPS of $2.32, compared to $2.12 from the year-ago quarter. The current stock performance of Ingredion shows a 52-week-high of $113.46 and a 52-week-low of $79.75. Moreover, at the end of the last trading period, the closing price was at $97.57.

Oppenheimer initiated coverage on Fusion Pharmaceuticals Inc FUSN with an Outperform rating. The price target for Fusion Pharmaceuticals is set to $13.00. In the second quarter, Fusion Pharmaceuticals showed an EPS of $0.38, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $5.63 and a 52-week-low of $1.98. At the end of the last trading period, Fusion Pharmaceuticals closed at $2.64.

See all analyst ratings initiations.