Benzinga's Top Ratings Upgrades, Downgrades For April 8, 2022

Upgrades

DA Davidson upgraded the previous rating for WD-40 Co (NASDAQ:WDFC) from Underperform to Neutral. For the second quarter, WD-40 had an EPS of $1.41, compared to year-ago quarter EPS of $1.24. The stock has a 52-week-high of $321.41 and a 52-week-low of $170.44. At the end of the last trading period, WD-40 closed at $174.51.

According to UBS, the prior rating for ITT Inc (NYSE:ITT) was changed from Neutral to Buy. In the fourth quarter, ITT showed an EPS of $1.06, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $105.54 and a 52-week-low of $70.95. ITT closed at $71.52 at the end of the last trading period.

For The Kroger Co (NYSE:KR), B of A Securities upgraded the previous rating of Neutral to Buy. In the fourth quarter, Kroger showed an EPS of $0.91, compared to $0.81 from the year-ago quarter. The stock has a 52-week-high of $62.58 and a 52-week-low of $35.60. At the end of the last trading period, Kroger closed at $59.88.

RBC Capital upgraded the previous rating for Gatos Silver Inc (NYSE:GATO) from Underperform to Sector Perform. The stock has a 52-week-high of $20.26 and a 52-week-low of $2.68. At the end of the last trading period, Gatos Silver closed at $4.49.

For AppFolio Inc (NASDAQ:APPF), Keybanc upgraded the previous rating of Sector Weight to Overweight. AppFolio earned $0.04 in the fourth quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $150.78 and a 52-week-low of $103.63. At the end of the last trading period, AppFolio closed at $111.01.

See all analyst ratings upgrades.

Downgrades

According to Goldman Sachs, the prior rating for AvidXchange Holdings Inc (NASDAQ:AVDX) was changed from Buy to Neutral. The stock has a 52-week-high of $27.43 and a 52-week-low of $6.50. At the end of the last trading period, AvidXchange Holdings closed at $7.85.

For Truist Financial Corp (NYSE:TFC), B of A Securities downgraded the previous rating of Buy to Neutral. In the fourth quarter, Truist Financial showed an EPS of $1.38, compared to $1.18 from the year-ago quarter. The stock has a 52-week-high of $68.95 and a 52-week-low of $51.87. At the end of the last trading period, Truist Financial closed at $53.88.

UBS downgraded the previous rating for U.S. Bancorp (NYSE:USB) from Buy to Neutral. U.S. Bancorp earned $1.07 in the fourth quarter, compared to $0.95 in the year-ago quarter. The stock has a 52-week-high of $63.57 and a 52-week-low of $51.92. At the end of the last trading period, U.S. Bancorp closed at $52.58.

According to Baird, the prior rating for Terex Corp (NYSE:TEX) was changed from Outperform to Neutral. Terex earned $0.82 in the fourth quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $55.60 and a 52-week-low of $32.43. At the end of the last trading period, Terex closed at $33.44.

For REV Group Inc (NYSE:REVG), Baird downgraded the previous rating of Outperform to Neutral. For the first quarter, REV Group had an EPS of $0.13, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $22.23 and a 52-week-low of $11.20. REV Group closed at $12.55 at the end of the last trading period.

Baird downgraded the previous rating for Oshkosh Corp (NYSE:OSK) from Outperform to Neutral. Oshkosh earned $0.09 in the first quarter, compared to $1.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $137.47 and a 52-week-low of $95.16. Oshkosh closed at $95.50 at the end of the last trading period.

Baird downgraded the previous rating for Manitowoc Co Inc (NYSE:MTW) from Outperform to Neutral. For the fourth quarter, Manitowoc Co had an EPS of $0.27, compared to year-ago quarter EPS of $0.19. At the moment, the stock has a 52-week-high of $28.32 and a 52-week-low of $13.37. Manitowoc Co closed at $13.73 at the end of the last trading period.

For Essential Utilities Inc (NYSE:WTRG), HSBC downgraded the previous rating of Buy to Hold. Essential Utilities earned $0.44 in the fourth quarter, compared to $0.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.93 and a 52-week-low of $44.71. Essential Utilities closed at $52.33 at the end of the last trading period.

According to B of A Securities, the prior rating for Saia Inc (NASDAQ:SAIA) was changed from Buy to Neutral. For the fourth quarter, Saia had an EPS of $2.76, compared to year-ago quarter EPS of $1.51. At the moment, the stock has a 52-week-high of $365.50 and a 52-week-low of $187.02. Saia closed at $206.06 at the end of the last trading period.

B of A Securities downgraded the previous rating for ArcBest Corp (NASDAQ:ARCB) from Buy to Neutral. ArcBest earned $2.79 in the fourth quarter, compared to $0.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of $125.00 and a 52-week-low of $52.86. ArcBest closed at $70.88 at the end of the last trading period.

For Rackspace Technology Inc (NASDAQ:RXT), Oppenheimer downgraded the previous rating of Outperform to Perform. Rackspace Tech earned $0.25 in the fourth quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.43 and a 52-week-low of $7.28. Rackspace Tech closed at $10.95 at the end of the last trading period.

Jefferies downgraded the previous rating for Mercury Systems Inc (NASDAQ:MRCY) from Buy to Hold. For the second quarter, Mercury Systems had an EPS of $0.39, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $79.45 and a 52-week-low of $44.44. At the end of the last trading period, Mercury Systems closed at $64.87.

According to UBS, the prior rating for HP Inc (NYSE:HPQ) was changed from Buy to Neutral. HP earned $1.10 in the first quarter, compared to $0.92 in the year-ago quarter. The stock has a 52-week-high of $41.47 and a 52-week-low of $26.11. At the end of the last trading period, HP closed at $40.06.

See all analyst ratings downgrades.

Initiations

Lake Street initiated coverage on Modular Medical Inc (NASDAQ:MODD) with a Buy rating. The price target for Modular Medical is set to $11.00. At the moment, the stock has a 52-week-high of $15.00 and a 52-week-low of $1.80. Modular Medical closed at $4.23 at the end of the last trading period.

DA Davidson initiated coverage on 5E Advanced Materials Inc (NASDAQ:FEAM) with a Buy rating. The price target for 5E Advanced Materials is set to $30.00. At the moment, the stock has a 52-week-high of $49.50 and a 52-week-low of $18.20. 5E Advanced Materials closed at $20.25 at the end of the last trading period.

For Crescent Energy Co (NYSE:CRGY), Truist Securities initiated coverage, by setting the current rating at Buy. The stock has a 52-week-high of $18.84 and a 52-week-low of $11.90. At the end of the last trading period, Crescent Energy closed at $17.94.

With a Buy rating, JonesTrading initiated coverage on Franklin BSP Realty Trust Inc (NYSE:FBRT). The price target seems to have been set at $17.00 for Franklin BSP Realty Trust. At the moment, the stock has a 52-week-high of $17.25 and a 52-week-low of $12.45. Franklin BSP Realty Trust closed at $13.80 at the end of the last trading period.

With a Buy rating, Canaccord Genuity initiated coverage on Terran Orbital Corp (NYSE:LLAP). The price target seems to have been set at $22.00 for Terran Orbital. The current stock performance of Terran Orbital shows a 52-week-high of $12.69 and a 52-week-low of $6.00. Moreover, at the end of the last trading period, the closing price was at $6.04.

Needham initiated coverage on RxSight Inc (NASDAQ:RXST) with a Buy rating. The price target for RxSight is set to $18.00. The stock has a 52-week-high of $19.67 and a 52-week-low of $8.80. At the end of the last trading period, RxSight closed at $13.51.

Raymond James initiated coverage on Colgate-Palmolive Co (NYSE:CL) with a Market Perform rating. In the fourth quarter, Colgate-Palmolive showed an EPS of $0.79, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $85.61 and a 52-week-low of $72.20. At the end of the last trading period, Colgate-Palmolive closed at $80.42.

See all analyst ratings initiations.

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