Benzinga's Top Ratings Upgrades, Downgrades For October 5, 2021

Upgrades

• Wolfe Research upgraded the previous rating for PACCAR Inc PCAR from Peer Perform to Outperform. In the second quarter, PACCAR showed an EPS of $1.41, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $103.19 and a 52-week-low of $78.46. PACCAR closed at $78.77 at the end of the last trading period.
• According to Evercore ISI Group, the prior rating for Clearway Energy Inc CWEN was changed from In-Line to Outperform. Clearway Energy earned $0.30 in the second quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Clearway Energy shows a 52-week-high of $37.23 and a 52-week-low of $24.93. Moreover, at the end of the last trading period, the closing price was at $30.40.
• According to CIBC, the prior rating for Sun Life Financial Inc SLF was changed from Neutral to Outperformer. Sun Life Financial earned $1.22 in the second quarter, compared to $0.91 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.07 and a 52-week-low of $38.53. Sun Life Financial closed at $52.96 at the end of the last trading period.
• For Bloom Energy Corp BE, Raymond James upgraded the previous rating of Outperform to Strong Buy. Bloom Energy earned $0.23 in the second quarter, compared to $0.23 in the year-ago quarter. The current stock performance of Bloom Energy shows a 52-week-high of $44.95 and a 52-week-low of $12.37. Moreover, at the end of the last trading period, the closing price was at $16.91.

See all analyst ratings upgrades.

Downgrades

• OTR Global downgraded the previous rating for Starbucks Corp SBUX from Positive to Mixed. Starbucks earned $1.01 in the third quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $126.32 and a 52-week-low of $85.09. At the end of the last trading period, Starbucks closed at $111.46.
• According to OTR Global, the prior rating for iQIYI Inc IQ was changed from Positive to Mixed. For the second quarter, iQIYI had an EPS of $0.27, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $28.97 and a 52-week-low of $7.22. iQIYI closed at $7.26 at the end of the last trading period.
• According to DZ Bank, the prior rating for Facebook Inc FB was changed from Buy to Hold. In the second quarter, Facebook showed an EPS of $3.61, compared to $1.80 from the year-ago quarter. The current stock performance of Facebook shows a 52-week-high of $384.33 and a 52-week-low of $244.61. Moreover, at the end of the last trading period, the closing price was at $326.23.
• According to Stifel, the prior rating for Teekay LNG Partners LP TGP was changed from Buy to Hold. For the second quarter, Teekay LNG Partners had an EPS of $0.57, compared to year-ago quarter EPS of $0.67. At the moment, the stock has a 52-week-high of $17.24 and a 52-week-low of $10.12. Teekay LNG Partners closed at $17.19 at the end of the last trading period.
• According to B of A Securities, the prior rating for Columbia Sportswear Co COLM was changed from Buy to Neutral. In the second quarter, Columbia Sportswear showed an EPS of $0.61, compared to $0.77 from the year-ago quarter. The current stock performance of Columbia Sportswear shows a 52-week-high of $114.98 and a 52-week-low of $73.11. Moreover, at the end of the last trading period, the closing price was at $98.16.
• According to Wolfe Research, the prior rating for Truist Financial Corp TFC was changed from Outperform to Underperform. Truist Financial earned $1.55 in the second quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $62.69 and a 52-week-low of $37.94. Truist Financial closed at $60.05 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for Atea Pharmaceuticals Inc AVIR was changed from Overweight to Equal-Weight. Atea Pharmaceuticals earned $0.02 in the second quarter, compared to $0.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $94.17 and a 52-week-low of $18.72. Atea Pharmaceuticals closed at $44.59 at the end of the last trading period.
• According to Credit Suisse, the prior rating for Equinix Inc EQIX was changed from Outperform to Neutral. Equinix earned $7.01 in the second quarter, compared to $6.35 in the year-ago quarter. The current stock performance of Equinix shows a 52-week-high of $885.26 and a 52-week-low of $586.73. Moreover, at the end of the last trading period, the closing price was at $785.61.
• Credit Suisse downgraded the previous rating for CommScope Holding Co Inc COMM from Outperform to Neutral. In the second quarter, CommScope Hldg Co showed an EPS of $0.43, compared to $0.32 from the year-ago quarter. The current stock performance of CommScope Hldg Co shows a 52-week-high of $22.18 and a 52-week-low of $8.39. Moreover, at the end of the last trading period, the closing price was at $13.23.
• According to BMO Capital, the prior rating for Sprouts Farmers Market Inc SFM was changed from Market Perform to Underperform. In the second quarter, Sprouts Farmers Market showed an EPS of $0.52, compared to $0.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.35 and a 52-week-low of $18.21. Sprouts Farmers Market closed at $22.63 at the end of the last trading period.
• For Albertsons Companies Inc ACI, BMO Capital downgraded the previous rating of Market Perform to Underperform. In the first quarter, Albertsons Companies showed an EPS of $0.89, compared to $1.35 from the year-ago quarter. The stock has a 52-week-high of $34.09 and a 52-week-low of $13.53. At the end of the last trading period, Albertsons Companies closed at $30.10.
• Raymond James downgraded the previous rating for Maxeon Solar Technologies Ltd MAXN from Strong Buy to Outperform. Interestingly, in the second quarter, Maxeon Solar Technologies's EPS was $1.99. At the moment, the stock has a 52-week-high of $57.97 and a 52-week-low of $14.01. Maxeon Solar Technologies closed at $16.63 at the end of the last trading period.
• For Chart Industries Inc GTLS, Raymond James downgraded the previous rating of Outperform to Market Perform. For the second quarter, Chart Industries had an EPS of $0.80, compared to year-ago quarter EPS of $0.63. The current stock performance of Chart Industries shows a 52-week-high of $206.29 and a 52-week-low of $69.00. Moreover, at the end of the last trading period, the closing price was at $200.49.
• According to Raymond James, the prior rating for Enviva Partners LP EVA was changed from Strong Buy to Outperform. In the second quarter, Enviva Partners showed an EPS of $0.24, compared to $0.26 from the year-ago quarter. The stock has a 52-week-high of $56.69 and a 52-week-low of $39.85. At the end of the last trading period, Enviva Partners closed at $54.24.
• According to Morgan Stanley, the prior rating for Lordstown Motors Corp RIDE was changed from Equal-Weight to Underweight. Lordstown Motors earned $0.61 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $31.57 and a 52-week-low of $4.77. At the end of the last trading period, Lordstown Motors closed at $5.85.

See all analyst ratings downgrades.

Initiations

• With a Buy rating, Citigroup initiated coverage on Jazz Pharmaceuticals PLC JAZZ. The price target seems to have been set at $200.00 for Jazz Pharmaceuticals. In the second quarter, Jazz Pharmaceuticals showed an EPS of $3.90, compared to $3.71 from the year-ago quarter. The current stock performance of Jazz Pharmaceuticals shows a 52-week-high of $189.00 and a 52-week-low of $126.70. Moreover, at the end of the last trading period, the closing price was at $127.21.
• Wedbush initiated coverage on Skechers USA Inc SKX with a Neutral rating. The price target for Skechers USA is set to $43.00. For the second quarter, Skechers USA had an EPS of $0.88, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $55.87 and a 52-week-low of $30.06. Skechers USA closed at $41.74 at the end of the last trading period.
• With a Neutral rating, Wedbush initiated coverage on Deckers Outdoor Corp DECK. The price target seems to have been set at $390.00 for Deckers Outdoor. In the first quarter, Deckers Outdoor showed an EPS of $1.71, compared to $0.28 from the year-ago quarter. The current stock performance of Deckers Outdoor shows a 52-week-high of $451.49 and a 52-week-low of $229.76. Moreover, at the end of the last trading period, the closing price was at $366.67.
• Cantor Fitzgerald initiated coverage on Katapult Holdings Inc KPLT with a Neutral rating. The price target for Katapult Holdings is set to $6.00. Katapult Holdings earned $0.03 in the second quarter. At the moment, the stock has a 52-week-high of $14.70 and a 52-week-low of $3.10. Katapult Holdings closed at $4.83 at the end of the last trading period.
• With a Buy rating, Argus Research initiated coverage on Rockwell Automation Inc ROK. The price target seems to have been set at $330.00 for Rockwell Automation. Rockwell Automation earned $2.31 in the third quarter, compared to $1.27 in the year-ago quarter. The stock has a 52-week-high of $327.20 and a 52-week-low of $215.51. At the end of the last trading period, Rockwell Automation closed at $292.75.
• Roth Capital initiated coverage on IM Cannabis Corp IMCC with a Buy rating. The price target for IM Cannabis is set to $8.00. The stock has a 52-week-high of $11.63 and a 52-week-low of $2.62. At the end of the last trading period, IM Cannabis closed at $3.68.
• With an Underperform rating, B of A Securities initiated coverage on Latch Inc LTCH. The price target seems to have been set at $10.00 for Latch. In the second quarter, Latch earned $0.24. The stock has a 52-week-high of $14.83 and a 52-week-low of $9.46. At the end of the last trading period, Latch closed at $10.68.
• With a Buy rating, DA Davidson initiated coverage on Roth CH Acquisition III Co ROCR. The price target seems to have been set at $13.00 for Roth CH Acquisition III. The current stock performance of Roth CH Acquisition III shows a 52-week-high of $10.10 and a 52-week-low of $9.61. Moreover, at the end of the last trading period, the closing price was at $9.90.
• Oppenheimer initiated coverage on Main Street Capital Corp MAIN with a Perform rating. In the second quarter, Main Street Capital showed an EPS of $0.62, compared to $0.48 from the year-ago quarter. The stock has a 52-week-high of $43.56 and a 52-week-low of $26.68. At the end of the last trading period, Main Street Capital closed at $41.52.
• Guggenheim initiated coverage on Intellia Therapeutics Inc NTLA with a Buy rating. The price target for Intellia Therapeutics is set to $170.00. For the second quarter, Intellia Therapeutics had an EPS of $1.01, compared to year-ago quarter EPS of $0.61. The current stock performance of Intellia Therapeutics shows a 52-week-high of $202.73 and a 52-week-low of $18.81. Moreover, at the end of the last trading period, the closing price was at $126.78.
• Berenberg initiated coverage on Arcosa Inc ACA with a Buy rating. The price target for Arcosa is set to $63.00. For the second quarter, Arcosa had an EPS of $0.60, compared to year-ago quarter EPS of $0.73. At the moment, the stock has a 52-week-high of $68.46 and a 52-week-low of $43.14. Arcosa closed at $49.79 at the end of the last trading period.
• Atlantic Equities initiated coverage on Charles Schwab Corp SCHW with an Overweight rating. The price target for Charles Schwab is set to $95.00. In the second quarter, Charles Schwab showed an EPS of $0.70, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $77.97 and a 52-week-low of $36.07. Charles Schwab closed at $73.23 at the end of the last trading period.
• Redburn Partners initiated coverage on LyondellBasell Industries NV LYB with a Buy rating. For the second quarter, LyondellBasell Industries had an EPS of $6.13, compared to year-ago quarter EPS of $0.68. The stock has a 52-week-high of $118.02 and a 52-week-low of $66.72. At the end of the last trading period, LyondellBasell Industries closed at $94.67.
• For Dow Inc DOW, Redburn Partners initiated coverage, by setting the current rating at Neutral. For the second quarter, Dow had an EPS of $2.72, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $71.38 and a 52-week-low of $44.33. At the end of the last trading period, Dow closed at $58.24.
• With a Buy rating, HC Wainwright & Co. initiated coverage on Flux Power Holdings Inc FLUX. The price target seems to have been set at $15.00 for Flux Power Holdings. For the fourth quarter, Flux Power Holdings had an EPS of $0.28, compared to year-ago quarter EPS of $0.63. At the moment, the stock has a 52-week-high of $22.50 and a 52-week-low of $4.75. Flux Power Holdings closed at $4.82 at the end of the last trading period.
• With a Neutral rating, Wedbush initiated coverage on The RealReal Inc REAL. The price target seems to have been set at $14.00 for The RealReal. The RealReal earned $0.50 in the second quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.22 and a 52-week-low of $11.46. The RealReal closed at $12.31 at the end of the last trading period.
• Wedbush initiated coverage on Nike Inc NKE with an Outperform rating. The price target for Nike is set to $170.00. In the first quarter, Nike showed an EPS of $1.16, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $174.38 and a 52-week-low of $118.80. At the end of the last trading period, Nike closed at $147.14.
• Wedbush initiated coverage on adidas AG ADDYY with an Outperform rating. For the second quarter, adidas had an EPS of $2.32, compared to year-ago quarter EPS of $1.60. The current stock performance of adidas shows a 52-week-high of $199.44 and a 52-week-low of $147.88. Moreover, at the end of the last trading period, the closing price was at $154.96.
• With a Neutral rating, Wedbush initiated coverage on Carter's Inc CRI. The price target seems to have been set at $99.00 for Carter's. For the second quarter, Carter's had an EPS of $1.67, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $116.92 and a 52-week-low of $79.15. Carter's closed at $100.16 at the end of the last trading period.
• With an Outperform rating, Wedbush initiated coverage on Under Armour Inc UAA. The price target seems to have been set at $26.00 for Under Armour. Under Armour earned $0.24 in the second quarter, compared to $0.31 in the year-ago quarter. The current stock performance of Under Armour shows a 52-week-high of $26.45 and a 52-week-low of $11.43. Moreover, at the end of the last trading period, the closing price was at $20.74.
• With an Outperform rating, Wedbush initiated coverage on Steven Madden Ltd SHOO. The price target seems to have been set at $48.00 for Steven Madden. For the second quarter, Steven Madden had an EPS of $0.48, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $45.87 and a 52-week-low of $19.24. At the end of the last trading period, Steven Madden closed at $40.89.
• With a Neutral rating, Wedbush initiated coverage on Stitch Fix Inc SFIX. The price target seems to have been set at $45.00 for Stitch Fix. Stitch Fix earned $0.19 in the fourth quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $113.76 and a 52-week-low of $26.94. Stitch Fix closed at $38.19 at the end of the last trading period.
• Wells Fargo initiated coverage on Fortinet Inc FTNT with an Overweight rating. The price target for Fortinet is set to $380.00. For the second quarter, Fortinet had an EPS of $0.95, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of $322.00 and a 52-week-low of $106.75. Fortinet closed at $288.87 at the end of the last trading period.
• Wells Fargo initiated coverage on Varonis Systems Inc VRNS with a Equal-Weight rating. The price target for Varonis Systems is set to $66.00. For the second quarter, Varonis Systems had an EPS of $0.01, compared to year-ago quarter EPS of $0.15. The current stock performance of Varonis Systems shows a 52-week-high of $226.00 and a 52-week-low of $42.74. Moreover, at the end of the last trading period, the closing price was at $60.54.
• Wells Fargo initiated coverage on Ping Identity Holding Corp PING with an Overweight rating. The price target for Ping Identity Holding is set to $32.00. Ping Identity Holding earned $0.11 in the second quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.23 and a 52-week-low of $19.97. Ping Identity Holding closed at $23.61 at the end of the last trading period.
• With a Equal-Weight rating, Wells Fargo initiated coverage on CyberArk Software Ltd CYBR. The price target seems to have been set at $165.00 for CyberArk Software. In the second quarter, CyberArk Software showed an EPS of $0.01, compared to $0.42 from the year-ago quarter. The current stock performance of CyberArk Software shows a 52-week-high of $171.34 and a 52-week-low of $95.12. Moreover, at the end of the last trading period, the closing price was at $156.78.
• Wells Fargo initiated coverage on SailPoint Technologies Holdings Inc SAIL with an Overweight rating. The price target for SailPoint Technologies is set to $54.00. SailPoint Technologies earned $0.00 in the second quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $64.19 and a 52-week-low of $39.00. SailPoint Technologies closed at $42.50 at the end of the last trading period.
• Wells Fargo initiated coverage on Tenable Holdings Inc TENB with an Overweight rating. The price target for Tenable Holdings is set to $60.00. Tenable Holdings earned $0.09 in the second quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Tenable Holdings shows a 52-week-high of $58.45 and a 52-week-low of $33.25. Moreover, at the end of the last trading period, the closing price was at $45.37.
• Oppenheimer initiated coverage on Prometheus Biosciences Inc RXDX with an Outperform rating. The price target for Prometheus Biosciences is set to $35.00. For the second quarter, Prometheus Biosciences had an EPS of $0.49, compared to year-ago quarter EPS of $5.93. At the moment, the stock has a 52-week-high of $30.64 and a 52-week-low of $16.11. Prometheus Biosciences closed at $23.30 at the end of the last trading period.
• With an Outperform rating, Wedbush initiated coverage on PVH Corp PVH. The price target seems to have been set at $130.00 for PVH. In the second quarter, PVH showed an EPS of $2.72, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $121.94 and a 52-week-low of $57.35. At the end of the last trading period, PVH closed at $107.46.
• Wedbush initiated coverage on VF Corp VFC with a Neutral rating. The price target for VF is set to $72.00. For the first quarter, VF had an EPS of $0.27, compared to year-ago quarter EPS of $0.57. The current stock performance of VF shows a 52-week-high of $90.79 and a 52-week-low of $65.34. Moreover, at the end of the last trading period, the closing price was at $68.78.
• Wedbush initiated coverage on Ralph Lauren Corp RL with an Outperform rating. The price target for Ralph Lauren is set to $137.00. In the first quarter, Ralph Lauren showed an EPS of $2.29, compared to $1.82 from the year-ago quarter. The stock has a 52-week-high of $142.06 and a 52-week-low of $65.20. At the end of the last trading period, Ralph Lauren closed at $117.36.
• JP Morgan initiated coverage on Shift Technologies Inc SFT with an Overweight rating. The price target for Shift Technologies is set to $12.00. In the second quarter, Shift Technologies showed an EPS of $0.41, compared to $5.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.34 and a 52-week-low of $6.17. Shift Technologies closed at $6.62 at the end of the last trading period.
• Wedbush initiated coverage on Hanesbrands Inc HBI with a Neutral rating. The price target for Hanesbrands is set to $18.00. In the second quarter, Hanesbrands showed an EPS of $0.47, compared to $0.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.82 and a 52-week-low of $12.28. Hanesbrands closed at $17.43 at the end of the last trading period.
• With a Neutral rating, Wedbush initiated coverage on Foot Locker Inc FL. The price target seems to have been set at $51.00 for Foot Locker. Foot Locker earned $2.21 in the second quarter, compared to $0.71 in the year-ago quarter. The stock has a 52-week-high of $66.71 and a 52-week-low of $33.20. At the end of the last trading period, Foot Locker closed at $46.59.

See all analyst ratings initiations.