Benzinga's Top Ratings Upgrades, Downgrades For October 11, 2023

Upgrades

For Coherent Corp COHR, B. Riley Securities upgraded the previous rating of Neutral to Buy. In the fourth quarter, Coherent showed an EPS of $0.41, compared to $0.98 from the year-ago quarter. The current stock performance of Coherent shows a 52-week-high of $60.46 and a 52-week-low of $26.29. Moreover, at the end of the last trading period, the closing price was at $33.06.

Barclays upgraded the previous rating for PPG Industries Inc PPG from Equal-Weight to Overweight. For the second quarter, PPG Indus had an EPS of $2.25, compared to year-ago quarter EPS of $1.81. The stock has a 52-week-high of $152.89 and a 52-week-low of $107.46. At the end of the last trading period, PPG Indus closed at $130.28.

According to Barclays, the prior rating for Ball Corp BALL was changed from Equal-Weight to Overweight. 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 $45.13. Moreover, at the end of the last trading period, the closing price was at $46.25.

According to Barclays, the prior rating for O-I Glass Inc OI was changed from Underweight to Equal-Weight. In the second quarter, O-I Glass showed an EPS of $0.88, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.57 and a 52-week-low of $14.06. O-I Glass closed at $15.73 at the end of the last trading period.

For Iris Energy Ltd IREN, JP Morgan upgraded the previous rating of Neutral to Overweight. NoneThe stock has a 52-week-high of $8.06 and a 52-week-low of $1.02. At the end of the last trading period, Iris Energy closed at $3.27.

Raymond James upgraded the previous rating for Take-Two Interactive Software Inc TTWO from Market Perform to Outperform. For the first quarter, Take-Two Interactive had an EPS of $0.27, compared to year-ago quarter EPS of $0.71. At the moment, the stock has a 52-week-high of $153.84 and a 52-week-low of $90.00. Take-Two Interactive closed at $145.24 at the end of the last trading period.

JP Morgan upgraded the previous rating for CSX Corp CSX from Neutral to Overweight. For the second quarter, CSX had an EPS of $0.49, compared to year-ago quarter EPS of $0.50. The stock has a 52-week-high of $34.38 and a 52-week-low of $25.81. At the end of the last trading period, CSX closed at $31.54.

Morgan Stanley upgraded the previous rating for Cava Group Inc CAVA from Equal-Weight to Overweight. For the second quarter, Cava Group had an EPS of $0.21, compared to year-ago quarter EPS of $6.23. The stock has a 52-week-high of $58.10 and a 52-week-low of $29.05. At the end of the last trading period, Cava Group closed at $32.08.

For Shoals Technologies Group Inc SHLS, Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Shoals Technologies Gr had an EPS of $0.14, compared to year-ago quarter EPS of $0.07. The current stock performance of Shoals Technologies Gr shows a 52-week-high of $32.37 and a 52-week-low of $14.81. Moreover, at the end of the last trading period, the closing price was at $16.74.

See all analyst ratings upgrades.

Downgrades

According to B of A Securities, the prior rating for The Timken Co TKR was changed from Neutral to Underperform. In the second quarter, Timken showed an EPS of $2.01, compared to $1.67 from the year-ago quarter. The current stock performance of Timken shows a 52-week-high of $95.08 and a 52-week-low of $60.44. Moreover, at the end of the last trading period, the closing price was at $73.97.

For Alnylam Pharmaceuticals Inc ALNY, Oppenheimer downgraded the previous rating of Outperform to Perform. In the second quarter, Alnylam Pharmaceuticals showed an EPS of $1.62, compared to $2.03 from the year-ago quarter. The current stock performance of Alnylam Pharmaceuticals shows a 52-week-high of $242.74 and a 52-week-low of $159.47. Moreover, at the end of the last trading period, the closing price was at $169.06.

For Thorne HealthTech Inc THRN, Evercore ISI Group downgraded the previous rating of Outperform to Neutral. For the second quarter, Thorne HealthTech had an EPS of $0.15, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $10.20 and a 52-week-low of $3.46. At the end of the last trading period, Thorne HealthTech closed at $10.18.

For Silk Road Medical Inc SILK, CL King downgraded the previous rating of Buy to Neutral. For the second quarter, Silk Road Medical had an EPS of $0.35, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $58.04 and a 52-week-low of $13.80. Silk Road Medical closed at $13.99 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Cboe Global Markets Inc CBOE was changed from Buy to Hold. Cboe Global Markets earned $1.78 in the second quarter, compared to $1.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $164.40 and a 52-week-low of $114.18. Cboe Global Markets closed at $161.55 at the end of the last trading period.

For Olin Corp OLN, Barclays downgraded the previous rating of Overweight to Equal-Weight. Olin earned $1.13 in the second quarter, compared to $2.76 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.70 and a 52-week-low of $45.05. Olin closed at $48.65 at the end of the last trading period.

JP Morgan downgraded the previous rating for EverCommerce Inc EVCM from Overweight to Neutral. In the second quarter, EverCommerce showed an EPS of $0.00, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $13.47 and a 52-week-low of $5.87. At the end of the last trading period, EverCommerce closed at $9.99.

Piper Sandler downgraded the previous rating for Arista Networks Inc ANET from Overweight to Neutral. For the second quarter, Arista Networks had an EPS of $1.58, compared to year-ago quarter EPS of $1.08. The stock has a 52-week-high of $198.70 and a 52-week-low of $98.72. At the end of the last trading period, Arista Networks closed at $194.73.

For RXO Inc RXO, JP Morgan downgraded the previous rating of Neutral to Underweight. RXO earned $0.08 in the second quarter, compared to $0.56 in the year-ago quarter. The current stock performance of RXO shows a 52-week-high of $23.74 and a 52-week-low of $14.75. Moreover, at the end of the last trading period, the closing price was at $19.72.

For HubSpot Inc HUBS, Raymond James downgraded the previous rating of Strong Buy to Outperform. For the second quarter, HubSpot had an EPS of $1.34, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $581.40 and a 52-week-low of $245.85. HubSpot closed at $467.80 at the end of the last trading period.

Baird downgraded the previous rating for Fleetcor Technologies Inc FLT from Outperform to Neutral. Fleetcor Technologies earned $4.19 in the second quarter, compared to $4.17 in the year-ago quarter. The current stock performance of Fleetcor Technologies shows a 52-week-high of $278.35 and a 52-week-low of $162.98. Moreover, at the end of the last trading period, the closing price was at $261.45.

According to Morgan Stanley, the prior rating for Portillos Inc PTLO was changed from Overweight to Equal-Weight. For the second quarter, Portillos had an EPS of $0.12, compared to year-ago quarter EPS of $0.13. The current stock performance of Portillos shows a 52-week-high of $25.86 and a 52-week-low of $14.87. Moreover, at the end of the last trading period, the closing price was at $15.60.

Citigroup downgraded the previous rating for Silk Road Medical Inc SILK from Buy to Sell. In the second quarter, Silk Road Medical showed an EPS of $0.35, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.04 and a 52-week-low of $13.80. Silk Road Medical closed at $13.99 at the end of the last trading period.

For Perimeter Solutions SA PRM, UBS downgraded the previous rating of Buy to Neutral. Perimeter Solutions earned $0.31 in the second quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $11.24 and a 52-week-low of $3.67. At the end of the last trading period, Perimeter Solutions closed at $3.87.

For Silk Road Medical Inc SILK, B. Riley Securities downgraded the previous rating of Buy to Neutral. Silk Road Medical earned $0.35 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $58.04 and a 52-week-low of $13.80. At the end of the last trading period, Silk Road Medical closed at $13.99.

According to Stifel, the prior rating for Silk Road Medical Inc SILK was changed from Buy to Hold. In the second quarter, Silk Road Medical showed an EPS of $0.35, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $58.04 and a 52-week-low of $13.80. At the end of the last trading period, Silk Road Medical closed at $13.99.

For Omnicell Inc OMCL, Keybanc downgraded the previous rating of Overweight to Sector Weight. For the second quarter, Omnicell had an EPS of $0.57, compared to year-ago quarter EPS of $0.84. The current stock performance of Omnicell shows a 52-week-high of $81.66 and a 52-week-low of $42.58. Moreover, at the end of the last trading period, the closing price was at $45.81.

UBS downgraded the previous rating for RTX Corp RTX from Buy to Neutral. For the second quarter, RTX had an EPS of $1.29, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $108.84 and a 52-week-low of $68.56. RTX closed at $73.35 at the end of the last trading period.

Oppenheimer downgraded the previous rating for Texas Instruments Inc TXN from Outperform to Perform. For the second quarter, Texas Instruments had an EPS of $1.87, compared to year-ago quarter EPS of $2.45. At the moment, the stock has a 52-week-high of $188.12 and a 52-week-low of $145.98. Texas Instruments closed at $157.66 at the end of the last trading period.

UBS downgraded the previous rating for Morgan Stanley MS from Buy to Neutral. For the second quarter, Morgan Stanley had an EPS of $1.24, compared to year-ago quarter EPS of $1.44. The current stock performance of Morgan Stanley shows a 52-week-high of $100.99 and a 52-week-low of $74.69. Moreover, at the end of the last trading period, the closing price was at $80.13.

See all analyst ratings downgrades.

Initiations

For Robinhood Markets Inc HOOD, Needham initiated coverage, by setting the current rating at Hold. In the second quarter, Robinhood Markets showed an EPS of $0.03, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $13.23 and a 52-week-low of $7.57. At the end of the last trading period, Robinhood Markets closed at $10.04.

Janney Montgomery Scott initiated coverage on Columbia Financial Inc CLBK with a Buy rating. For the second quarter, Columbia Financial had an EPS of $0.11, compared to year-ago quarter EPS of $0.22. The current stock performance of Columbia Financial shows a 52-week-high of $22.37 and a 52-week-low of $14.11. Moreover, at the end of the last trading period, the closing price was at $15.98.

With an Underperform rating, Bernstein initiated coverage on EQT Corp EQT. The price target seems to have been set at $30.00 for EQT. In the second quarter, EQT showed an EPS of $0.17, compared to $0.83 from the year-ago quarter. The current stock performance of EQT shows a 52-week-high of $44.96 and a 52-week-low of $28.11. Moreover, at the end of the last trading period, the closing price was at $44.09.

With a Neutral rating, B of A Securities initiated coverage on Globant SA GLOB. The price target seems to have been set at $202.00 for Globant. Globant earned $1.36 in the second quarter, compared to $1.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $210.00 and a 52-week-low of $135.41. Globant closed at $199.39 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on WillScot Mobile Mini Holdings Corp WSC. The price target seems to have been set at $52.00 for WillScot Mobile Mini. For the second quarter, WillScot Mobile Mini had an EPS of $0.43, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $53.46 and a 52-week-low of $37.83. WillScot Mobile Mini closed at $42.50 at the end of the last trading period.

With an Underweight rating, JP Morgan initiated coverage on Riot Platforms Inc RIOT. The price target seems to have been set at $6.50 for Riot Platforms. In the second quarter, Riot Platforms showed an EPS of $0.17, compared to $0.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.65 and a 52-week-low of $3.26. Riot Platforms closed at $10.16 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Erasca Inc ERAS with a Buy rating. The price target for Erasca is set to $10.00. Erasca earned $0.21 in the second quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.25 and a 52-week-low of $1.82. Erasca closed at $2.49 at the end of the last trading period.

Evercore ISI Group initiated coverage on RayzeBio inc RYZB with an Outperform rating. At the moment, the stock has a 52-week-high of $26.00 and a 52-week-low of $17.95. RayzeBio closed at $20.00 at the end of the last trading period.

JP Morgan initiated coverage on Cleanspark Inc CLSK with an Overweight rating. The price target for Cleanspark is set to $5.50. For the third quarter, Cleanspark had an EPS of $0.12, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $7.60 and a 52-week-low of $1.74. Cleanspark closed at $3.75 at the end of the last trading period.

JP Morgan initiated coverage on Marathon Digital Holdings Inc MARA with an Underweight rating. The price target for Marathon Digital Holdings is set to $5.00. In the second quarter, Marathon Digital Holdings showed an EPS of $0.13, compared to $2.28 from the year-ago quarter. The stock has a 52-week-high of $19.88 and a 52-week-low of $3.12. At the end of the last trading period, Marathon Digital Holdings closed at $8.46.

For Cipher Mining Inc CIFR, JP Morgan initiated coverage, by setting the current rating at Neutral. For the second quarter, Cipher Mining had an EPS of $0.04, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $5.29 and a 52-week-low of $0.38. Cipher Mining closed at $2.59 at the end of the last trading period.

Goldman Sachs initiated coverage on Syndax Pharmaceuticals Inc SNDX with a Buy rating. The price target for Syndax Pharmaceuticals is set to $30.00. In the second quarter, Syndax Pharmaceuticals showed an EPS of $0.64, compared to $0.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.86 and a 52-week-low of $12.07. Syndax Pharmaceuticals closed at $12.65 at the end of the last trading period.

With a Buy rating, UBS initiated coverage on Hexcel Corp HXL. The price target seems to have been set at $81.00 for Hexcel. In the second quarter, Hexcel showed an EPS of $0.50, compared to $0.33 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.08 and a 52-week-low of $50.25. Hexcel closed at $68.32 at the end of the last trading period.

UBS initiated coverage on Boeing Co BA with a Buy rating. The price target for Boeing is set to $275.00. Boeing earned $0.82 in the second quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $243.10 and a 52-week-low of $124.24. Boeing closed at $193.53 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on Spirit AeroSystems Holdings Inc SPR. The price target seems to have been set at $17.00 for Spirit AeroSystems Hldgs. For the second quarter, Spirit AeroSystems Hldgs had an EPS of $1.46, compared to year-ago quarter EPS of $1.21. The current stock performance of Spirit AeroSystems Hldgs shows a 52-week-high of $38.55 and a 52-week-low of $14.65. Moreover, at the end of the last trading period, the closing price was at $17.61.

UBS initiated coverage on Howmet Aerospace Inc HWM with a Neutral rating. The price target for Howmet Aerospace is set to $51.00. For the second quarter, Howmet Aerospace had an EPS of $0.44, compared to year-ago quarter EPS of $0.35. At the moment, the stock has a 52-week-high of $51.34 and a 52-week-low of $31.30. Howmet Aerospace closed at $46.46 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on TransDigm Group Inc TDG. The price target seems to have been set at $950.00 for TransDigm Gr. TransDigm Gr earned $7.25 in the third quarter, compared to $4.85 in the year-ago quarter. The stock has a 52-week-high of $940.00 and a 52-week-low of $499.99. At the end of the last trading period, TransDigm Gr closed at $866.18.

With a Neutral rating, UBS initiated coverage on Lockheed Martin Corp LMT. The price target seems to have been set at $470.00 for Lockheed Martin. In the second quarter, Lockheed Martin showed an EPS of $6.73, compared to $6.32 from the year-ago quarter. The stock has a 52-week-high of $508.10 and a 52-week-low of $388.26. At the end of the last trading period, Lockheed Martin closed at $435.10.

With a Buy rating, UBS initiated coverage on Northrop Grumman Corp NOC. The price target seems to have been set at $555.00 for Northrop Grumman. Northrop Grumman earned $5.34 in the second quarter, compared to $6.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $556.14 and a 52-week-low of $414.56. Northrop Grumman closed at $465.12 at the end of the last trading period.

UBS initiated coverage on Woodward Inc WWD with a Buy rating. The price target for Woodward is set to $152.00. In the third quarter, Woodward showed an EPS of $1.37, compared to $0.64 from the year-ago quarter. The stock has a 52-week-high of $133.15 and a 52-week-low of $81.52. At the end of the last trading period, Woodward closed at $128.35.

UBS initiated coverage on General Dynamics Corp GD with a Neutral rating. The price target for General Dynamics is set to $265.00. General Dynamics earned $2.70 in the second quarter, compared to $2.75 in the year-ago quarter. The current stock performance of General Dynamics shows a 52-week-high of $256.80 and a 52-week-low of $202.35. Moreover, at the end of the last trading period, the closing price was at $236.67.

With a Sell rating, UBS initiated coverage on Textron Inc TXT. The price target seems to have been set at $73.00 for Textron. For the second quarter, Textron had an EPS of $1.46, compared to year-ago quarter EPS of $1.00. The stock has a 52-week-high of $80.60 and a 52-week-low of $58.90. At the end of the last trading period, Textron closed at $79.07.

Stephens & Co. initiated coverage on Sprout Social Inc SPT with an Overweight rating. The price target for Sprout Social is set to $78.00. For the second quarter, Sprout Social had an EPS of $0.07, compared to year-ago quarter EPS of $0.04. The current stock performance of Sprout Social shows a 52-week-high of $74.07 and a 52-week-low of $37.00. Moreover, at the end of the last trading period, the closing price was at $50.85.

Wedbush initiated coverage on Cava Group Inc CAVA with a Neutral rating. The price target for Cava Group is set to $33.00. For the second quarter, Cava Group had an EPS of $0.21, compared to year-ago quarter EPS of $6.23. At the moment, the stock has a 52-week-high of $58.10 and a 52-week-low of $29.05. Cava Group closed at $32.08 at the end of the last trading period.

See all analyst ratings initiations.