Benzinga's Top Ratings Upgrades, Downgrades For October 5, 2023

Upgrades

According to OTR Global, the prior rating for Generac Holdings Inc GNRC was changed from Negative to Mixed. In the second quarter, Generac Hldgs showed an EPS of $1.08, compared to $2.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $186.65 and a 52-week-low of $86.29. Generac Hldgs closed at $101.71 at the end of the last trading period.

According to B of A Securities, the prior rating for Trane Technologies PLC TT was changed from Underperform to Neutral. Trane Technologies earned $2.68 in the second quarter, compared to $2.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $211.58 and a 52-week-low of $139.19. Trane Technologies closed at $200.39 at the end of the last trading period.

For UWM Holdings Corp UWMC, BTIG upgraded the previous rating of Neutral to Buy. UWM Hldgs earned $0.11 in the second quarter, compared to $0.10 in the year-ago quarter. The current stock performance of UWM Hldgs shows a 52-week-high of $6.98 and a 52-week-low of $2.85. Moreover, at the end of the last trading period, the closing price was at $4.67.

B of A Securities upgraded the previous rating for Parker Hannifin Corp PH from Neutral to Buy. For the fourth quarter, Parker Hannifin had an EPS of $6.08, compared to year-ago quarter EPS of $5.16. The current stock performance of Parker Hannifin shows a 52-week-high of $428.16 and a 52-week-low of $244.94. Moreover, at the end of the last trading period, the closing price was at $384.59.

For Grupo Televisa SAB TV, B of A Securities upgraded the previous rating of Neutral to Buy. In the first quarter, Grupo Televisa showed an EPS of $0.07, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $6.57 and a 52-week-low of $2.77. At the end of the last trading period, Grupo Televisa closed at $2.92.

For America Movil SAB de CV AMX, B of A Securities upgraded the previous rating of Neutral to Buy. America Movil earned $0.46 in the second quarter, compared to $0.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.07 and a 52-week-low of $16.14. America Movil closed at $16.89 at the end of the last trading period.

Needham upgraded the previous rating for Ceridian HCM Holding Inc CDAY from Hold to Buy. Ceridian HCM Holding earned $0.32 in the second quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $79.66 and a 52-week-low of $51.55. At the end of the last trading period, Ceridian HCM Holding closed at $69.05.

For Pinnacle West Capital Corp PNW, Keybanc upgraded the previous rating of Underweight to Sector Weight. Pinnacle West Capital earned $0.94 in the second quarter, compared to $1.45 in the year-ago quarter. The current stock performance of Pinnacle West Capital shows a 52-week-high of $86.03 and a 52-week-low of $59.07. Moreover, at the end of the last trading period, the closing price was at $71.74.

Keybanc upgraded the previous rating for Entergy Corp ETR from Sector Weight to Overweight. In the second quarter, Entergy showed an EPS of $1.84, compared to $1.78 from the year-ago quarter. The current stock performance of Entergy shows a 52-week-high of $120.73 and a 52-week-low of $87.10. Moreover, at the end of the last trading period, the closing price was at $91.02.

Keybanc upgraded the previous rating for DTE Energy Co DTE from Sector Weight to Overweight. DTE Energy earned $0.99 in the second quarter, compared to $0.88 in the year-ago quarter. At the moment, the stock has a 52-week-high of $122.27 and a 52-week-low of $93.85. DTE Energy closed at $97.11 at the end of the last trading period.

According to Keybanc, the prior rating for CenterPoint Energy Inc CNP was changed from Sector Weight to Overweight. CenterPoint Energy earned $0.28 in the second quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $31.50 and a 52-week-low of $25.03. At the end of the last trading period, CenterPoint Energy closed at $26.54.

Keybanc upgraded the previous rating for CMS Energy Corp CMS from Sector Weight to Overweight. CMS Energy earned $0.75 in the second quarter, compared to $0.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $65.72 and a 52-week-low of $49.87. CMS Energy closed at $52.28 at the end of the last trading period.

For Prosperity Bancshares Inc PB, Raymond James upgraded the previous rating of Outperform to Strong Buy. Prosperity Bancshares earned $1.21 in the second quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $78.76 and a 52-week-low of $51.37. Prosperity Bancshares closed at $52.25 at the end of the last trading period.

RBC Capital upgraded the previous rating for Beacon Roofing Supply Inc BECN from Sector Perform to Outperform. Beacon Roofing Supply earned $2.66 in the second quarter, compared to $2.80 in the year-ago quarter. The stock has a 52-week-high of $87.46 and a 52-week-low of $50.42. At the end of the last trading period, Beacon Roofing Supply closed at $75.25.

For Live Oak Bancshares Inc LOB, JP Morgan upgraded the previous rating of Neutral to Overweight. Live Oak Bancshares earned $0.39 in the second quarter, compared to $2.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.37 and a 52-week-low of $17.30. Live Oak Bancshares closed at $27.36 at the end of the last trading period.

For O'Reilly Automotive Inc ORLY, Citigroup upgraded the previous rating of Neutral to Buy. For the second quarter, O'Reilly Automotive had an EPS of $10.22, compared to year-ago quarter EPS of $8.78. The current stock performance of O'Reilly Automotive shows a 52-week-high of $975.72 and a 52-week-low of $705.74. Moreover, at the end of the last trading period, the closing price was at $897.20.

According to Piper Sandler, the prior rating for Investar Holding Corp ISTR was changed from Neutral to Overweight. For the second quarter, Investar Holding had an EPS of $0.67, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $22.33 and a 52-week-low of $9.27. Investar Holding closed at $10.36 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Orchard Therapeutics PLC ORTX, Stifel downgraded the previous rating of Buy to Hold. For the second quarter, Orchard Therapeutics had an EPS of $0.07, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $8.35 and a 52-week-low of $3.60. At the end of the last trading period, Orchard Therapeutics closed at $8.14.

Northland Capital Markets downgraded the previous rating for Shoals Technologies Group Inc SHLS from Outperform to Market Perform. In the second quarter, Shoals Technologies Gr showed an EPS of $0.14, compared to $0.07 from the year-ago quarter. The current stock performance of Shoals Technologies Gr shows a 52-week-high of $32.37 and a 52-week-low of $15.40. Moreover, at the end of the last trading period, the closing price was at $16.62.

For LiveVox Holdings Inc LVOX, Northland Capital Markets downgraded the previous rating of Outperform to Market Perform. LiveVox Hldgs earned $0.05 in the second quarter, compared to $0.12 in the year-ago quarter. The current stock performance of LiveVox Hldgs shows a 52-week-high of $3.65 and a 52-week-low of $1.71. Moreover, at the end of the last trading period, the closing price was at $3.62.

According to Ladenburg Thalmann, the prior rating for SAB Biotherapeutics Inc SABS was changed from Buy to Neutral. In the second quarter, SAB Biotherapeutics showed an EPS of $0.14, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $1.45 and a 52-week-low of $0.37. At the end of the last trading period, SAB Biotherapeutics closed at $0.71.

According to Exane BNP Paribas, the prior rating for YETI Holdings Inc YETI was changed from Outperform to Neutral. In the second quarter, YETI Holdings showed an EPS of $0.57, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.27 and a 52-week-low of $28.75. YETI Holdings closed at $44.27 at the end of the last trading period.

B of A Securities downgraded the previous rating for Canadian National Railway Co CNI from Buy to Neutral. For the second quarter, Canadian National Railway had an EPS of $1.31, compared to year-ago quarter EPS of $1.51. The current stock performance of Canadian National Railway shows a 52-week-high of $129.85 and a 52-week-low of $103.81. Moreover, at the end of the last trading period, the closing price was at $106.45.

B of A Securities downgraded the previous rating for Bread Financial Holdings Inc BFH from Buy to Neutral. For the second quarter, Bread Finl Hldgs had an EPS of $1.27, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $44.52 and a 52-week-low of $23.19. Bread Finl Hldgs closed at $31.34 at the end of the last trading period.

For Carrier Global Corp CARR, B of A Securities downgraded the previous rating of Neutral to Underperform. In the second quarter, Carrier Global showed an EPS of $0.79, compared to $0.70 from the year-ago quarter. At the moment, the stock has a 52-week-high of $60.04 and a 52-week-low of $33.11. Carrier Global closed at $54.61 at the end of the last trading period.

According to Oppenheimer, the prior rating for Cambium Networks Corp CMBM was changed from Outperform to Perform. For the second quarter, Cambium Networks had an EPS of $0.03, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $24.19 and a 52-week-low of $6.93. Cambium Networks closed at $7.92 at the end of the last trading period.

According to Raymond James, the prior rating for Comerica Inc CMA was changed from Strong Buy to Outperform. In the second quarter, Comerica showed an EPS of $2.01, compared to $1.92 from the year-ago quarter. The stock has a 52-week-high of $77.34 and a 52-week-low of $28.40. At the end of the last trading period, Comerica closed at $39.60.

For NextEra Energy Inc NEE, Keybanc downgraded the previous rating of Overweight to Sector Weight. In the second quarter, NextEra Energy showed an EPS of $0.88, compared to $0.81 from the year-ago quarter. The current stock performance of NextEra Energy shows a 52-week-high of $88.59 and a 52-week-low of $50.18. Moreover, at the end of the last trading period, the closing price was at $50.62.

According to New Street Research, the prior rating for Nu Holdings Ltd NU was changed from Buy to Neutral. For the second quarter, Nu Holdings had an EPS of $0.05, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $8.29 and a 52-week-low of $3.39. At the end of the last trading period, Nu Holdings closed at $7.03.

According to Jefferies, the prior rating for Marriott Vacations Worldwide Corp VAC was changed from Buy to Hold. In the second quarter, Marriott Vacations showed an EPS of $2.19, compared to $2.87 from the year-ago quarter. At the moment, the stock has a 52-week-high of $165.85 and a 52-week-low of $94.95. Marriott Vacations closed at $96.36 at the end of the last trading period.

According to Raymond James, the prior rating for Clorox Co CLX was changed from Outperform to Market Perform. 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 $131.83 at the end of the last trading period.

For SomaLogic Inc SLGC, Jefferies downgraded the previous rating of Buy to Hold. For the second quarter, SomaLogic 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 $3.79 and a 52-week-low of $1.93. SomaLogic closed at $2.07 at the end of the last trading period.

For Tractor Supply Co TSCO, Citigroup downgraded the previous rating of Buy to Neutral. In the second quarter, Tractor Supply showed an EPS of $3.83, compared to $3.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $251.17 and a 52-week-low of $187.47. Tractor Supply closed at $206.01 at the end of the last trading period.

Citigroup downgraded the previous rating for Floor & Decor Holdings Inc FND from Buy to Neutral. For the second quarter, Floor & Decor Hldgs had an EPS of $0.66, compared to year-ago quarter EPS of $0.76. The current stock performance of Floor & Decor Hldgs shows a 52-week-high of $116.03 and a 52-week-low of $63.52. Moreover, at the end of the last trading period, the closing price was at $87.48.

Citigroup downgraded the previous rating for Paymentus Holdings Inc PAY from Buy to Neutral. Paymentus Holdings earned $0.08 in the second quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $17.24 and a 52-week-low of $6.85. At the end of the last trading period, Paymentus Holdings closed at $15.34.

Redburn Atlantic downgraded the previous rating for The Cooper Companies Inc COO from Buy to Neutral. For the third quarter, Cooper Companies had an EPS of $3.35, compared to year-ago quarter EPS of $3.19. At the moment, the stock has a 52-week-high of $399.62 and a 52-week-low of $244.53. Cooper Companies closed at $314.87 at the end of the last trading period.

JMP Securities downgraded the previous rating for Cambium Networks Corp CMBM from Market Outperform to Market Perform. In the second quarter, Cambium Networks showed an EPS of $0.03, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $24.19 and a 52-week-low of $6.93. At the end of the last trading period, Cambium Networks closed at $7.92.

For BioXcel Therapeutics Inc BTAI, Truist Securities downgraded the previous rating of Buy to Hold. In the second quarter, BioXcel Therapeutics showed an EPS of $1.83, compared to $1.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.12 and a 52-week-low of $2.23. BioXcel Therapeutics closed at $2.65 at the end of the last trading period.

For Kezar Life Sciences Inc KZR, JonesTrading downgraded the previous rating of Buy to Hold. Kezar Life Sciences earned $0.34 in the second quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Kezar Life Sciences shows a 52-week-high of $8.97 and a 52-week-low of $0.95. Moreover, at the end of the last trading period, the closing price was at $1.01.

See all analyst ratings downgrades.

Initiations

With a Neutral rating, B of A Securities initiated coverage on Shake Shack Inc SHAK. The price target seems to have been set at $66.00 for Shake Shack. For the second quarter, Shake Shack had an EPS of $0.18, compared to year-ago quarter EPS of $0.00. At the moment, the stock has a 52-week-high of $80.58 and a 52-week-low of $40.83. Shake Shack closed at $57.96 at the end of the last trading period.

For Wingstop Inc WING, B of A Securities initiated coverage, by setting the current rating at Buy. In the second quarter, Wingstop showed an EPS of $0.57, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $223.77 and a 52-week-low of $113.20. At the end of the last trading period, Wingstop closed at $184.62.

With an Outperform rating, BMO Capital initiated coverage on PBF Energy Inc PBF. The price target seems to have been set at $60.00 for PBF Energy. PBF Energy earned $2.29 in the second quarter, compared to $10.58 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.38 and a 52-week-low of $31.25. PBF Energy closed at $45.65 at the end of the last trading period.

With an Outperform rating, BMO Capital initiated coverage on HF Sinclair Corp DINO. The price target seems to have been set at $65.00 for HF Sinclair. In the second quarter, HF Sinclair showed an EPS of $2.60, compared to $5.59 from the year-ago quarter. The stock has a 52-week-high of $66.17 and a 52-week-low of $37.12. At the end of the last trading period, HF Sinclair closed at $52.25.

Rosenblatt initiated coverage on Fabrinet FN with a Buy rating. The price target for Fabrinet is set to $230.00. For the fourth quarter, Fabrinet had an EPS of $1.86, compared to year-ago quarter EPS of $1.68. The stock has a 52-week-high of $170.77 and a 52-week-low of $90.19. At the end of the last trading period, Fabrinet closed at $170.10.

With an Outperform rating, RBC Capital initiated coverage on Johnson & Johnson JNJ. The price target seems to have been set at $178.00 for Johnson & Johnson. In the second quarter, Johnson & Johnson showed an EPS of $2.80, compared to $2.59 from the year-ago quarter. The stock has a 52-week-high of $181.02 and a 52-week-low of $150.11. At the end of the last trading period, Johnson & Johnson closed at $155.52.

RBC Capital initiated coverage on Alpine Immune Sciences Inc ALPN with an Outperform rating. The price target for Alpine Immune Sciences is set to $19.00. For the second quarter, Alpine Immune Sciences had an EPS of $0.27, compared to year-ago quarter EPS of $0.60. At the moment, the stock has a 52-week-high of $14.92 and a 52-week-low of $4.83. Alpine Immune Sciences closed at $11.70 at the end of the last trading period.

With a Hold rating, Deutsche Bank initiated coverage on Equitable Holdings Inc EQH. The price target seems to have been set at $31.00 for Equitable Hldgs. For the second quarter, Equitable Hldgs had an EPS of $1.27, compared to year-ago quarter EPS of $1.31. The stock has a 52-week-high of $33.24 and a 52-week-low of $21.89. At the end of the last trading period, Equitable Hldgs closed at $26.85.

Deutsche Bank initiated coverage on Chubb Ltd CB with a Buy rating. The price target for Chubb is set to $269.00. In the second quarter, Chubb showed an EPS of $4.92, compared to $4.20 from the year-ago quarter. The stock has a 52-week-high of $231.37 and a 52-week-low of $181.45. At the end of the last trading period, Chubb closed at $207.67.

Deutsche Bank initiated coverage on The Travelers Companies Inc TRV with a Hold rating. The price target for Travelers Companies is set to $186.00. For the second quarter, Travelers Companies had an EPS of $0.06, compared to year-ago quarter EPS of $2.57. The stock has a 52-week-high of $194.51 and a 52-week-low of $156.11. At the end of the last trading period, Travelers Companies closed at $162.50.

Deutsche Bank initiated coverage on Prudential Financial Inc PRU with a Hold rating. The price target for Prudential Financial is set to $99.00. For the second quarter, Prudential Financial had an EPS of $2.94, compared to year-ago quarter EPS of $1.74. The stock has a 52-week-high of $110.95 and a 52-week-low of $75.37. At the end of the last trading period, Prudential Financial closed at $91.19.

With a Hold rating, Deutsche Bank initiated coverage on Corebridge Financial Inc CRBG. The price target seems to have been set at $24.00 for Corebridge Financial. For the second quarter, Corebridge Financial had an EPS of $1.04, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $23.49 and a 52-week-low of $14.01. Corebridge Financial closed at $19.14 at the end of the last trading period.

With a Hold rating, Deutsche Bank initiated coverage on The Hartford Financial Services Group Inc HIG. The price target seems to have been set at $85.00 for Hartford Finl Servs Gr. Hartford Finl Servs Gr earned $1.88 in the second quarter, compared to $2.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.44 and a 52-week-low of $62.43. Hartford Finl Servs Gr closed at $70.16 at the end of the last trading period.

With a Hold rating, Deutsche Bank initiated coverage on Aon PLC AON. The price target seems to have been set at $361.00 for Aon. For the second quarter, Aon had an EPS of $2.76, compared to year-ago quarter EPS of $2.63. At the moment, the stock has a 52-week-high of $347.37 and a 52-week-low of $266.94. Aon closed at $324.96 at the end of the last trading period.

With a Buy rating, Deutsche Bank initiated coverage on Arthur J. Gallagher & Co AJG. The price target seems to have been set at $277.00 for Arthur J. Gallagher. Arthur J. Gallagher earned $1.90 in the second quarter, compared to $1.70 in the year-ago quarter. At the moment, the stock has a 52-week-high of $237.63 and a 52-week-low of $169.19. Arthur J. Gallagher closed at $229.26 at the end of the last trading period.

With a Buy rating, Deutsche Bank initiated coverage on Marsh & McLennan Companies Inc MMC. The price target seems to have been set at $226.00 for Marsh & McLennan. For the second quarter, Marsh & McLennan had an EPS of $2.20, compared to year-ago quarter EPS of $1.89. The current stock performance of Marsh & McLennan shows a 52-week-high of $199.20 and a 52-week-low of $148.33. Moreover, at the end of the last trading period, the closing price was at $190.41.

With a Market Perform rating, Bernstein initiated coverage on Maplebear Inc CART. The price target seems to have been set at $30.00 for Maplebear. Maplebear earned $0.21 in the third quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Maplebear shows a 52-week-high of $42.95 and a 52-week-low of $26.11. Moreover, at the end of the last trading period, the closing price was at $27.31.

Stifel initiated coverage on Oculis Holding AG OCS with a Buy rating. The price target for Oculis Holding is set to $35.00. At the moment, the stock has a 52-week-high of $14.50 and a 52-week-low of $6.26. Oculis Holding closed at $11.07 at the end of the last trading period.

With an Outperform rating, Wedbush initiated coverage on First Citizens BancShares Inc FCNCA. The price target seems to have been set at $1700.00 for First Citizens BancShares. First Citizens BancShares earned $52.60 in the second quarter, compared to $16.86 in the year-ago quarter. The stock has a 52-week-high of $1512.07 and a 52-week-low of $505.84. At the end of the last trading period, First Citizens BancShares closed at $1330.98.

Wedbush initiated coverage on First Horizon Corp FHN with a Neutral rating. The price target for First Horizon is set to $12.00. First Horizon earned $0.39 in the second quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.90 and a 52-week-low of $8.99. First Horizon closed at $10.53 at the end of the last trading period.

See all analyst ratings initiations.