Benzinga's Top Ratings Upgrades, Downgrades For October 2, 2023

Upgrades

For Invitation Homes Inc INVH, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. 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 $31.69.

For Xylem Inc XYL, Melius Research upgraded the previous rating of Hold to Buy. In the second quarter, Xylem showed an EPS of $0.98, compared to $0.66 from the year-ago quarter. The current stock performance of Xylem shows a 52-week-high of $118.58 and a 52-week-low of $84.16. Moreover, at the end of the last trading period, the closing price was at $91.03.

According to DA Davidson, the prior rating for Clorox Co CLX was changed from Neutral to Buy. In the fourth quarter, Clorox showed an EPS of $1.67, compared to $0.93 from the year-ago quarter. At the moment, the stock has a 52-week-high of $178.21 and a 52-week-low of $124.59. Clorox closed at $131.06 at the end of the last trading period.

BTIG upgraded the previous rating for LGI Homes Inc LGIH from Sell to Neutral. For the second quarter, LGI Homes had an EPS of $2.25, compared to year-ago quarter EPS of $5.20. The stock has a 52-week-high of $141.91 and a 52-week-low of $74.61. At the end of the last trading period, LGI Homes closed at $99.49.

Morgan Stanley upgraded the previous rating for United States Steel Corp X from Equal-Weight to Overweight. In the second quarter, United States Steel showed an EPS of $1.92, compared to $3.86 from the year-ago quarter. The current stock performance of United States Steel shows a 52-week-high of $32.68 and a 52-week-low of $18.02. Moreover, at the end of the last trading period, the closing price was at $32.48.

According to Susquehanna, the prior rating for FedEx Corp FDX was changed from Neutral to Positive. In the first quarter, FedEx showed an EPS of $4.55, compared to $3.44 from the year-ago quarter. The stock has a 52-week-high of $270.95 and a 52-week-low of $147.33. At the end of the last trading period, FedEx closed at $264.92.

For Rivian Automotive Inc RIVN, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. Rivian Automotive earned $1.08 in the second quarter, compared to $1.62 in the year-ago quarter. The current stock performance of Rivian Automotive shows a 52-week-high of $37.38 and a 52-week-low of $11.68. Moreover, at the end of the last trading period, the closing price was at $24.28.

According to Piper Sandler, the prior rating for Zscaler Inc ZS was changed from Neutral to Overweight. Zscaler earned $0.64 in the fourth quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $185.90 and a 52-week-low of $84.93. At the end of the last trading period, Zscaler closed at $155.59.

For Datadog Inc DDOG, Piper Sandler upgraded the previous rating of Neutral to Overweight. Datadog earned $0.36 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $118.02 and a 52-week-low of $61.34. At the end of the last trading period, Datadog closed at $91.09.

According to Piper Sandler, the prior rating for Macerich Co MAC was changed from Underweight to Neutral. For the second quarter, Macerich had an EPS of $0.40, compared to year-ago quarter EPS of $0.46. The stock has a 52-week-high of $14.51 and a 52-week-low of $7.73. At the end of the last trading period, Macerich closed at $10.91.

According to Jefferies, the prior rating for Insulet Corp PODD was changed from Hold to Buy. Insulet earned $0.38 in the second quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $335.91 and a 52-week-low of $152.43. Insulet closed at $159.49 at the end of the last trading period.

For Mr. Cooper Group Inc COOP, Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. For the second quarter, Mr. Cooper Gr had an EPS of $1.66, compared to year-ago quarter EPS of $0.17. The current stock performance of Mr. Cooper Gr shows a 52-week-high of $60.68 and a 52-week-low of $37.54. Moreover, at the end of the last trading period, the closing price was at $53.56.

According to Keefe, Bruyette & Woods, the prior rating for PennyMac Financial Services Inc PFSI was changed from Market Perform to Outperform. PennyMac Financial Servs earned $1.11 in the second quarter, compared to $2.28 in the year-ago quarter. The current stock performance of PennyMac Financial Servs shows a 52-week-high of $82.92 and a 52-week-low of $41.90. Moreover, at the end of the last trading period, the closing price was at $66.60.

See all analyst ratings upgrades.

Downgrades

For Sun Communities Inc SUI, B of A Securities downgraded the previous rating of Buy to Neutral. In the second quarter, Sun Communities showed an EPS of $1.96, compared to $2.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $163.83 and a 52-week-low of $117.20. Sun Communities closed at $118.34 at the end of the last trading period.

According to Stephens & Co., the prior rating for Ncino Inc NCNO was changed from Overweight to Equal-Weight. For the second quarter, Ncino had an EPS of $0.09, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $37.22 and a 52-week-low of $19.58. Ncino closed at $31.80 at the end of the last trading period.

For Sandy Spring Bancorp Inc SASR, DA Davidson downgraded the previous rating of Buy to Neutral. For the second quarter, Sandy Spring Bancorp had an EPS of $0.60, compared to year-ago quarter EPS of $0.98. The current stock performance of Sandy Spring Bancorp shows a 52-week-high of $38.92 and a 52-week-low of $19.47. Moreover, at the end of the last trading period, the closing price was at $21.43.

For Norfolk Southern Corp NSC, B of A Securities downgraded the previous rating of Buy to Neutral. In the second quarter, Norfolk Southern showed an EPS of $2.95, compared to $3.45 from the year-ago quarter. The stock has a 52-week-high of $261.58 and a 52-week-low of $194.05. At the end of the last trading period, Norfolk Southern closed at $196.93.

Wells Fargo downgraded the previous rating for NextEra Energy Partners LP NEP from Overweight to Equal-Weight. In the second quarter, NextEra Energy Partners showed an EPS of $0.53, compared to $2.61 from the year-ago quarter. At the moment, the stock has a 52-week-high of $81.07 and a 52-week-low of $29.02. NextEra Energy Partners closed at $29.70 at the end of the last trading period.

JP Morgan downgraded the previous rating for Chubb Ltd CB from Overweight to Neutral. For the second quarter, Chubb had an EPS of $4.92, compared to year-ago quarter EPS of $4.20. The current stock performance of Chubb shows a 52-week-high of $231.37 and a 52-week-low of $178.08. Moreover, at the end of the last trading period, the closing price was at $208.18.

Barclays downgraded the previous rating for SolarEdge Technologies Inc SEDG from Overweight to Equal-Weight. SolarEdge Technologies earned $2.62 in the second quarter, compared to $0.95 in the year-ago quarter. The stock has a 52-week-high of $345.80 and a 52-week-low of $125.26. At the end of the last trading period, SolarEdge Technologies closed at $129.51.

For Bread Financial Holdings Inc BFH, Goldman Sachs downgraded the previous rating of Neutral to Sell. Bread Finl Hldgs earned $1.27 in the second quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Bread Finl Hldgs shows a 52-week-high of $44.52 and a 52-week-low of $23.19. Moreover, at the end of the last trading period, the closing price was at $34.20.

According to Piper Sandler, the prior rating for Splunk Inc SPLK was changed from Overweight to Neutral. Splunk earned $0.71 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $147.14 and a 52-week-low of $65.00. At the end of the last trading period, Splunk closed at $146.25.

Mizuho downgraded the previous rating for Toast Inc TOST from Buy to Neutral. Toast earned $0.19 in the second quarter, compared to $0.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.00 and a 52-week-low of $15.77. Toast closed at $18.73 at the end of the last trading period.

For Fidelity National Financial Inc FNF, Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. In the second quarter, Fidelity National Finl showed an EPS of $1.01, compared to $1.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.51 and a 52-week-low of $31.84. Fidelity National Finl closed at $41.30 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Benchmark initiated coverage on TKO Group Holdings Inc TKO with a Buy rating. The price target for TKO Group Holdings is set to $100.00. The stock has a 52-week-high of $106.16 and a 52-week-low of $80.43. At the end of the last trading period, TKO Group Holdings closed at $84.06.

Argus Research initiated coverage on Novo Nordisk A/S NVO with a Buy rating. The price target for Novo Nordisk is set to $110.00. For the second quarter, Novo Nordisk had an EPS of $0.63, compared to year-ago quarter EPS of $0.42. The stock has a 52-week-high of $100.88 and a 52-week-low of $49.78. At the end of the last trading period, Novo Nordisk closed at $90.94.

Wedbush initiated coverage on Etsy Inc ETSY with a Neutral rating. The price target for Etsy is set to $70.00. In the second quarter, Etsy showed an EPS of $0.93, compared to $0.51 from the year-ago quarter. The current stock performance of Etsy shows a 52-week-high of $149.91 and a 52-week-low of $61.22. Moreover, at the end of the last trading period, the closing price was at $64.58.

Alliance Global Partners initiated coverage on AcelRx Pharmaceuticals Inc ACRX with a Buy rating. The price target for AcelRx Pharmaceuticals is set to $4.25. In the second quarter, AcelRx Pharmaceuticals showed an EPS of $0.40, compared to $1.20 from the year-ago quarter. The stock has a 52-week-high of $4.80 and a 52-week-low of $0.55. At the end of the last trading period, AcelRx Pharmaceuticals closed at $0.58.

With a Buy rating, Alliance Global Partners initiated coverage on Evogene Ltd EVGN. The price target seems to have been set at $1.85 for Evogene. In the second quarter, Evogene showed an EPS of $0.17, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $1.44 and a 52-week-low of $0.55. At the end of the last trading period, Evogene closed at $0.59.

TD Cowen initiated coverage on BigBear.ai Holdings Inc BBAI with a Market Perform rating. The price target for BigBear.ai Hldgs is set to $2.00. For the second quarter, BigBear.ai Hldgs had an EPS of $0.12, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $6.77 and a 52-week-low of $0.58. At the end of the last trading period, BigBear.ai Hldgs closed at $1.51.

For Marathon Digital Holdings Inc MARA, Needham initiated coverage, by setting the current rating at Hold. In the second quarter, Marathon Digital Holdings showed an EPS of $0.13, compared to $2.28 from the year-ago quarter. The current stock performance of Marathon Digital Holdings shows a 52-week-high of $19.88 and a 52-week-low of $3.12. Moreover, at the end of the last trading period, the closing price was at $8.50.

Barclays initiated coverage on Credo Technology Group Holding Ltd CRDO with an Overweight rating. The price target for Credo Technology Group is set to $18.00. Credo Technology Group earned $0.03 in the first quarter, compared to $0.03 in the year-ago quarter. The current stock performance of Credo Technology Group shows a 52-week-high of $19.46 and a 52-week-low of $7.20. Moreover, at the end of the last trading period, the closing price was at $15.25.

Mizuho initiated coverage on SunOpta Inc STKL with a Buy rating. The price target for SunOpta is set to $9.00. In the second quarter, SunOpta showed an EPS of $0.03, compared to $0.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.67 and a 52-week-low of $3.33. SunOpta closed at $3.37 at the end of the last trading period.

With a Buy rating, Ascendiant Capital initiated coverage on 60 Degrees Pharmaceuticals Inc SXTP. The price target seems to have been set at $2.40 for 60 Degrees. 60 Degrees earned $1.40 in the second quarter, compared to $0.96 in the year-ago quarter. The current stock performance of 60 Degrees shows a 52-week-high of $8.65 and a 52-week-low of $0.67. Moreover, at the end of the last trading period, the closing price was at $0.74.

UBS initiated coverage on Maxeon Solar Technologies Ltd MAXN with a Neutral rating. The price target for Maxeon Solar Technologies is set to $13.00. Maxeon Solar Technologies earned $0.03 in the second quarter, compared to $2.15 in the year-ago quarter. The current stock performance of Maxeon Solar Technologies shows a 52-week-high of $38.91 and a 52-week-low of $11.30. Moreover, at the end of the last trading period, the closing price was at $11.59.

With a Buy rating, UBS initiated coverage on Sunnova Energy International Inc NOVA. The price target seems to have been set at $16.00 for Sunnova Energy Intl. In the second quarter, Sunnova Energy Intl showed an EPS of $0.74, compared to $0.32 from the year-ago quarter. The current stock performance of Sunnova Energy Intl shows a 52-week-high of $24.81 and a 52-week-low of $9.87. Moreover, at the end of the last trading period, the closing price was at $10.47.

With a Neutral rating, UBS initiated coverage on Atlassian Corp TEAM. The price target seems to have been set at $225.00 for Atlassian. Atlassian earned $0.57 in the fourth quarter, compared to $0.27 in the year-ago quarter. The current stock performance of Atlassian shows a 52-week-high of $246.15 and a 52-week-low of $113.86. Moreover, at the end of the last trading period, the closing price was at $201.51.

With a Neutral rating, UBS initiated coverage on Datadog Inc DDOG. The price target seems to have been set at $100.00 for Datadog. In the second quarter, Datadog showed an EPS of $0.36, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $118.02 and a 52-week-low of $61.34. At the end of the last trading period, Datadog closed at $91.09.

UBS initiated coverage on NEXTracker Inc NXT with a Buy rating. The price target for NEXTracker is set to $50.00. At the moment, the stock has a 52-week-high of $46.55 and a 52-week-low of $28.24. NEXTracker closed at $40.16 at the end of the last trading period.

See all analyst ratings initiations.