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News

Benzinga's Top Ratings Upgrades, Downgrades For September 19, 2023

Author: Benzinga Insights | September 19, 2023 11:00am

Upgrades

For Methanex Corp (NASDAQ:MEOH), Raymond James upgraded the previous rating of Market Perform to Outperform. For the second quarter, Methanex had an EPS of $0.60, compared to year-ago quarter EPS of $1.41. The stock has a 52-week-high of $54.83 and a 52-week-low of $28.73. At the end of the last trading period, Methanex closed at $41.16.

According to Truist Securities, the prior rating for Royal Caribbean Group (NYSE:RCL) was changed from Hold to Buy. For the second quarter, Royal Caribbean Gr had an EPS of $1.82, compared to year-ago quarter EPS of $2.08. The current stock performance of Royal Caribbean Gr shows a 52-week-high of $112.95 and a 52-week-low of $36.92. Moreover, at the end of the last trading period, the closing price was at $95.92.

Truist Securities upgraded the previous rating for Carnival Corp (NYSE:CCL) from Sell to Hold. For the second quarter, Carnival had an EPS of $0.31, compared to year-ago quarter EPS of $1.64. The current stock performance of Carnival shows a 52-week-high of $19.55 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $15.04.

According to Evercore ISI Group, the prior rating for CVS Health Corp (NYSE:CVS) was changed from In-Line to Outperform. CVS Health earned $2.21 in the second quarter, compared to $2.40 in the year-ago quarter. The stock has a 52-week-high of $104.62 and a 52-week-low of $64.62. At the end of the last trading period, CVS Health closed at $70.70.

For Rackspace Technology Inc (NASDAQ:RXT), Raymond James upgraded the previous rating of Market Perform to Outperform. Rackspace Tech earned $0.06 in the second quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $6.07 and a 52-week-low of $1.05. At the end of the last trading period, Rackspace Tech closed at $1.48.

For Rexford Industrial Realty Inc (NYSE:REXR), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the second quarter, Rexford Industrial Realty had an EPS of $0.54, compared to year-ago quarter EPS of $0.49. At the moment, the stock has a 52-week-high of $66.71 and a 52-week-low of $48.80. Rexford Industrial Realty closed at $51.54 at the end of the last trading period.

For Dell Technologies Inc (NYSE:DELL), Daiwa Capital upgraded the previous rating of Neutral to Outperform. Dell Technologies earned $1.74 in the second quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Dell Technologies shows a 52-week-high of $72.82 and a 52-week-low of $32.90. Moreover, at the end of the last trading period, the closing price was at $69.15.

For Globus Medical Inc (NYSE:GMED), Stifel upgraded the previous rating of Hold to Buy. In the second quarter, Globus Medical showed an EPS of $0.63, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $80.04 and a 52-week-low of $48.86. Globus Medical closed at $51.60 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Wedbush, the prior rating for Kinnate Biopharma Inc (NASDAQ:KNTE) was changed from Outperform to Neutral. For the second quarter, Kinnate Biopharma had an EPS of $0.68, compared to year-ago quarter EPS of $0.62. The current stock performance of Kinnate Biopharma shows a 52-week-high of $12.93 and a 52-week-low of $1.68. Moreover, at the end of the last trading period, the closing price was at $1.70.

HC Wainwright & Co. downgraded the previous rating for Kinnate Biopharma Inc (NASDAQ:KNTE) from Buy to Neutral. Kinnate Biopharma earned $0.68 in the second quarter, compared to $0.62 in the year-ago quarter. The current stock performance of Kinnate Biopharma shows a 52-week-high of $12.93 and a 52-week-low of $1.68. Moreover, at the end of the last trading period, the closing price was at $1.70.

According to Evercore ISI Group, the prior rating for CNH Industrial NV (NYSE:CNHI) was changed from Outperform to In-Line. CNH Industrial earned $0.52 in the second quarter, compared to $0.43 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.98 and a 52-week-low of $10.89. CNH Industrial closed at $13.37 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for Deere & Co (NYSE:DE) was changed from Outperform to In-Line. In the third quarter, Deere showed an EPS of $10.20, compared to $6.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $450.00 and a 52-week-low of $328.77. Deere closed at $410.84 at the end of the last trading period.

For Daqo New Energy Corp (NYSE:DQ), Daiwa Capital downgraded the previous rating of Outperform to Neutral. For the second quarter, Daqo New Energy had an EPS of $1.75, compared to year-ago quarter EPS of $8.18. At the moment, the stock has a 52-week-high of $58.00 and a 52-week-low of $31.42. Daqo New Energy closed at $31.62 at the end of the last trading period.

For Starbucks Corp (NASDAQ:SBUX), TD Cowen downgraded the previous rating of Outperform to Market Perform. In the third quarter, Starbucks showed an EPS of $1.00, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $115.48 and a 52-week-low of $82.43. At the end of the last trading period, Starbucks closed at $96.76.

For Planet Fitness Inc (NYSE:PLNT), JP Morgan downgraded the previous rating of Overweight to Neutral. 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 $48.01. Moreover, at the end of the last trading period, the closing price was at $48.50.

For Lazard Ltd (NYSE:LAZ), Goldman Sachs downgraded the previous rating of Neutral to Sell. For the second quarter, Lazard had an EPS of $0.24, compared to year-ago quarter EPS of $0.92. The stock has a 52-week-high of $43.44 and a 52-week-low of $27.71. At the end of the last trading period, Lazard closed at $33.40.

According to Piper Sandler, the prior rating for Kinnate Biopharma Inc (NASDAQ:KNTE) was changed from Overweight to Neutral. Kinnate Biopharma earned $0.68 in the second quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $12.93 and a 52-week-low of $1.68. At the end of the last trading period, Kinnate Biopharma closed at $1.70.

See all analyst ratings downgrades.

Initiations

CJS Securities initiated coverage on Stevanato Group SPA (NYSE:STVN) with a Market Outperform rating. The price target for Stevanato Gr is set to $36.00. In the second quarter, Stevanato Gr showed an EPS of $0.15, compared to $0.13 from the year-ago quarter. The current stock performance of Stevanato Gr shows a 52-week-high of $36.30 and a 52-week-low of $13.75. Moreover, at the end of the last trading period, the closing price was at $30.15.

Cantor Fitzgerald initiated coverage on Akero Therapeutics Inc (NASDAQ:AKRO) with an Overweight rating. The price target for Akero Therapeutics is set to $69.00. In the second quarter, Akero Therapeutics showed an EPS of $0.60, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.38 and a 52-week-low of $25.27. Akero Therapeutics closed at $52.25 at the end of the last trading period.

With a Buy rating, Truist Securities initiated coverage on Praxis Precision Medicines Inc (NASDAQ:PRAX). The price target seems to have been set at $10.00 for Praxis Precision Medicine. In the second quarter, Praxis Precision Medicine showed an EPS of $0.49, compared to $1.32 from the year-ago quarter. The current stock performance of Praxis Precision Medicine shows a 52-week-high of $5.25 and a 52-week-low of $0.79. Moreover, at the end of the last trading period, the closing price was at $1.42.

With a Market Perform rating, TD Cowen initiated coverage on Aurora Innovation Inc (NASDAQ:AUR). The price target seems to have been set at $3.00 for Aurora Innovation. Aurora Innovation earned $0.18 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $3.92 and a 52-week-low of $1.10. At the end of the last trading period, Aurora Innovation closed at $3.55.

With a Equal-Weight rating, Morgan Stanley initiated coverage on The Vita Coco Co Inc (NASDAQ:COCO). The price target seems to have been set at $29.00 for Vita Coco. For the second quarter, Vita Coco had an EPS of $0.31, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $33.29 and a 52-week-low of $7.43. At the end of the last trading period, Vita Coco closed at $26.49.

With a Buy rating, Citigroup initiated coverage on GE HealthCare Technologies Inc (NASDAQ:GEHC). The price target seems to have been set at $82.00 for GE HealthCare Techs. For the second quarter, GE HealthCare Techs had an EPS of $0.92, compared to year-ago quarter EPS of $1.15. At the moment, the stock has a 52-week-high of $87.83 and a 52-week-low of $53.00. GE HealthCare Techs closed at $66.28 at the end of the last trading period.

Citigroup initiated coverage on Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) with a Neutral rating. The price target for Arrowhead Pharma is set to $33.00. In the third quarter, Arrowhead Pharma showed an EPS of $0.96, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.48 and a 52-week-low of $23.09. Arrowhead Pharma closed at $28.13 at the end of the last trading period.

With a Neutral rating, Redburn Atlantic initiated coverage on ARM Holdings PLC (NASDAQ:ARM). The price target seems to have been set at $50.00 for ARM Holdings. The stock has a 52-week-high of $69.00 and a 52-week-low of $55.02. At the end of the last trading period, ARM Holdings closed at $58.00.

Jefferies initiated coverage on WNS (Holdings) Ltd (NYSE:WNS) with a Buy rating. The price target for WNS (Hldgs) is set to $82.00. WNS (Hldgs) earned $1.01 in the first quarter, compared to $0.90 in the year-ago quarter. The current stock performance of WNS (Hldgs) shows a 52-week-high of $94.96 and a 52-week-low of $60.79. Moreover, at the end of the last trading period, the closing price was at $65.50.

With a Neutral rating, JP Morgan initiated coverage on Raymond James Financial Inc (NYSE:RJF). The price target seems to have been set at $121.00 for Raymond James Finl. In the third quarter, Raymond James Finl showed an EPS of $1.85, compared to $1.61 from the year-ago quarter. The current stock performance of Raymond James Finl shows a 52-week-high of $126.00 and a 52-week-low of $82.00. Moreover, at the end of the last trading period, the closing price was at $107.16.

With a Hold rating, Jefferies initiated coverage on ExlService Holdings Inc (NASDAQ:EXLS). The price target seems to have been set at $33.00 for ExlService Holdings. In the second quarter, ExlService Holdings showed an EPS of $0.36, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $38.23 and a 52-week-low of $27.16. At the end of the last trading period, ExlService Holdings closed at $29.15.

Goldman Sachs initiated coverage on Interactive Brokers Group Inc (NASDAQ:IBKR) with a Neutral rating. The price target for Interactive Brokers Gr is set to $97.00. Interactive Brokers Gr earned $1.32 in the second quarter, compared to $0.84 in the year-ago quarter. At the moment, the stock has a 52-week-high of $95.59 and a 52-week-low of $62.72. Interactive Brokers Gr closed at $90.63 at the end of the last trading period.

Barclays initiated coverage on Super Micro Computer Inc (NASDAQ:SMCI) with an Overweight rating. The price target for Super Micro Computer is set to $327.00. For the fourth quarter, Super Micro Computer had an EPS of $3.51, compared to year-ago quarter EPS of $2.62. The current stock performance of Super Micro Computer shows a 52-week-high of $357.00 and a 52-week-low of $50.36. Moreover, at the end of the last trading period, the closing price was at $244.30.

JMP Securities initiated coverage on Ryan Specialty Holdings Inc (NYSE:RYAN) with a Market Perform rating. In the second quarter, Ryan Specialty Hldgs showed an EPS of $0.45, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $49.77 and a 52-week-low of $32.14. At the end of the last trading period, Ryan Specialty Hldgs closed at $49.27.

With a Buy rating, B. Riley Securities initiated coverage on Bitcoin Depot Inc (NASDAQ:BTM). The price target seems to have been set at $6.00 for Bitcoin Depot. In the second quarter, Bitcoin Depot showed an EPS of $0.69, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $4.49 and a 52-week-low of $2.57. At the end of the last trading period, Bitcoin Depot closed at $2.71.

With a Buy rating, B. Riley Securities initiated coverage on CPI Card Group Inc (NASDAQ:PMTS). The price target seems to have been set at $31.00 for CPI Card. CPI Card earned $0.55 in the second quarter, compared to $0.52 in the year-ago quarter. The current stock performance of CPI Card shows a 52-week-high of $45.95 and a 52-week-low of $15.25. Moreover, at the end of the last trading period, the closing price was at $18.23.

See all analyst ratings initiations.

Posted In: AKRO ARM ARWR AUR BTM CCL CNHI COCO CVS DE DELL DQ EXLS GEHC GMED IBKR KNTE LAZ MEOH PLNT