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

Upgrades

For World Wrestling Entertainment Inc WWE, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the second quarter, World Wrestling Enter had an EPS of $0.59, compared to year-ago quarter EPS of $0.42. The current stock performance of World Wrestling Enter shows a 52-week-high of $75.23 and a 52-week-low of $47.71. Moreover, at the end of the last trading period, the closing price was at $66.54.
CJS Securities upgraded the previous rating for John Wiley & Sons Inc WLY from Market Perform to Market Outperform. In the first quarter, John Wiley & Sons showed an EPS of $0.36, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $56.11 and a 52-week-low of $39.43. John Wiley & Sons closed at $41.58 at the end of the last trading period.
Northland Capital Markets upgraded the previous rating for Chegg Inc CHGG from Market Perform to Outperform. Chegg earned $0.37 in the second quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $37.64 and a 52-week-low of $15.66. At the end of the last trading period, Chegg closed at $21.45.
For Allegiant Travel Co ALGT, Raymond James upgraded the previous rating of Market Perform to Outperform. For the second quarter, Allegiant Travel had an EPS of $0.62, compared to year-ago quarter EPS of $3.46. The current stock performance of Allegiant Travel shows a 52-week-high of $195.66 and a 52-week-low of $93.31. Moreover, at the end of the last trading period, the closing price was at $96.99.
According to Deutsche Bank, the prior rating for Moderna Inc MRNA was changed from Hold to Buy. For the second quarter, Moderna had an EPS of $5.24, compared to year-ago quarter EPS of $6.46. The current stock performance of Moderna shows a 52-week-high of $249.42 and a 52-week-low of $115.61. Moreover, at the end of the last trading period, the closing price was at $134.90.
For Roku Inc ROKU, Pivotal Research upgraded the previous rating of Sell to Hold. Roku earned $0.82 in the second quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Roku shows a 52-week-high of $238.36 and a 52-week-low of $62.00. Moreover, at the end of the last trading period, the closing price was at $65.54.
For Kinder Morgan Inc KMI, Goldman Sachs upgraded the previous rating of Sell to Neutral. Kinder Morgan earned $0.27 in the second quarter, compared to $0.23 in the year-ago quarter. The stock has a 52-week-high of $20.20 and a 52-week-low of $15.78. At the end of the last trading period, Kinder Morgan closed at $17.85.
For First Solar Inc FSLR, Goldman Sachs upgraded the previous rating of Sell to Buy. First Solar earned $0.52 in the second quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $135.20 and a 52-week-low of $59.60. First Solar closed at $134.80 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Raymond James downgraded the previous rating for SkyWest Inc SKYW from Market Perform to Underperform. In the second quarter, SkyWest showed an EPS of $1.07, compared to $1.22 from the year-ago quarter. The current stock performance of SkyWest shows a 52-week-high of $42.97 and a 52-week-low of $20.00. Moreover, at the end of the last trading period, the closing price was at $21.23.
For Mesa Air Group Inc MESA, Raymond James downgraded the previous rating of Market Perform to Underperform. For the third quarter, Mesa Air Group had an EPS of $0.20, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $6.17 and a 52-week-low of $2.00. Mesa Air Group closed at $2.44 at the end of the last trading period.
For Fidelity National Information Services Inc FIS, Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. In the second quarter, Fidelity National Info showed an EPS of $1.73, compared to $1.61 from the year-ago quarter. The stock has a 52-week-high of $122.06 and a 52-week-low of $85.00. At the end of the last trading period, Fidelity National Info closed at $90.90.
Truist Securities downgraded the previous rating for Church & Dwight Co Inc CHD from Buy to Hold. Church & Dwight Co earned $0.76 in the second quarter, compared to $0.76 in the year-ago quarter. The stock has a 52-week-high of $105.28 and a 52-week-low of $80.10. At the end of the last trading period, Church & Dwight Co closed at $81.54.
For Freshpet Inc FRPT, Truist Securities downgraded the previous rating of Buy to Hold. For the second quarter, Freshpet had an EPS of $0.45, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $118.77 and a 52-week-low of $37.52. At the end of the last trading period, Freshpet closed at $38.99.
According to Argus Research, the prior rating for MGM Resorts International MGM was changed from Buy to Hold. MGM Resorts Intl earned $0.03 in the second quarter, compared to $0.13 in the year-ago quarter. The current stock performance of MGM Resorts Intl shows a 52-week-high of $49.00 and a 52-week-low of $26.41. Moreover, at the end of the last trading period, the closing price was at $33.59.
Morgan Stanley downgraded the previous rating for Spirit AeroSystems Holdings Inc SPR from Overweight to Underweight. For the second quarter, Spirit AeroSystems Hldgs had an EPS of $1.21, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $53.31 and a 52-week-low of $26.18. At the end of the last trading period, Spirit AeroSystems Hldgs closed at $29.64.
For Cardlytics Inc CDLX, Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. For the second quarter, Cardlytics had an EPS of $0.65, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $73.41 and a 52-week-low of $11.27. Cardlytics closed at $12.56 at the end of the last trading period.
Piper Sandler downgraded the previous rating for Trimble Inc TRMB from Overweight to Neutral. Trimble earned $0.64 in the second quarter, compared to $0.72 in the year-ago quarter. The current stock performance of Trimble shows a 52-week-high of $88.06 and a 52-week-low of $55.35. Moreover, at the end of the last trading period, the closing price was at $62.29.
According to Goldman Sachs, the prior rating for Williams Companies Inc WMB was changed from Neutral to Sell. For the second quarter, Williams Companies had an EPS of $0.40, compared to year-ago quarter EPS of $0.27. The current stock performance of Williams Companies shows a 52-week-high of $37.97 and a 52-week-low of $26.02. Moreover, at the end of the last trading period, the closing price was at $33.29.
According to Goldman Sachs, the prior rating for Canadian Solar Inc CSIQ was changed from Neutral to Sell. In the second quarter, Canadian Solar showed an EPS of $1.07, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.69 and a 52-week-low of $22.15. Canadian Solar closed at $47.01 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Neutral rating, Cantor Fitzgerald initiated coverage on Cloudflare Inc NET. The price target seems to have been set at $65.00 for Cloudflare. Cloudflare earned $0.00 in the second quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $132.45 and a 52-week-low of $38.96. Cloudflare closed at $61.02 at the end of the last trading period.
Cantor Fitzgerald initiated coverage on CyberArk Software Ltd CYBR with an Overweight rating. The price target for CyberArk Software is set to $180.00. For the second quarter, CyberArk Software had an EPS of $0.27, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $180.01 and a 52-week-low of $100.35. CyberArk Software closed at $142.50 at the end of the last trading period.
Cantor Fitzgerald initiated coverage on Actinium Pharmaceuticals Inc ATNM with an Overweight rating. The price target for Actinium Pharmaceuticals is set to $20.00. Actinium Pharmaceuticals earned $0.33 in the second quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Actinium Pharmaceuticals shows a 52-week-high of $8.12 and a 52-week-low of $4.41. Moreover, at the end of the last trading period, the closing price was at $7.51.
For Embecta Corp EMBC, BTIG initiated coverage, by setting the current rating at Neutral. The current stock performance of Embecta shows a 52-week-high of $34.23 and a 52-week-low of $23.62. Moreover, at the end of the last trading period, the closing price was at $32.02.
Cowen & Co. initiated coverage on Trinet Group Inc TNET with a Market Perform rating. The price target for Trinet Group is set to $83.00. Trinet Group earned $1.72 in the second quarter, compared to $1.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $103.36 and a 52-week-low of $69.16. Trinet Group closed at $82.46 at the end of the last trading period.
With a Market Perform rating, Bernstein initiated coverage on McDonald's Corp MCD. The price target seems to have been set at $267.00 for McDonald's. McDonald's earned $2.55 in the second quarter, compared to $2.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $271.15 and a 52-week-low of $217.68. McDonald's closed at $258.42 at the end of the last trading period.
With a Market Perform rating, Bernstein initiated coverage on Starbucks Corp SBUX. The price target seems to have been set at $94.00 for Starbucks. Starbucks earned $0.84 in the third quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $117.80 and a 52-week-low of $68.39. At the end of the last trading period, Starbucks closed at $88.31.
Bernstein initiated coverage on Yum Brands Inc YUM with an Outperform rating. The price target for Yum Brands is set to $144.00. Yum Brands earned $1.05 in the second quarter, compared to $1.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $138.77 and a 52-week-low of $108.37. Yum Brands closed at $115.32 at the end of the last trading period.
Bernstein initiated coverage on Chipotle Mexican Grill Inc CMG with an Outperform rating. The price target for Chipotle Mexican Grill is set to $2000.00. In the second quarter, Chipotle Mexican Grill showed an EPS of $9.30, compared to $7.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of $1749.07 and a 52-week-low of $1196.28. Chipotle Mexican Grill closed at $1680.76 at the end of the last trading period.
Bernstein initiated coverage on Domino's Pizza Inc DPZ with an Underperform rating. The price target for Domino's Pizza is set to $334.00. In the second quarter, Domino's Pizza showed an EPS of $2.82, compared to $3.12 from the year-ago quarter. The current stock performance of Domino's Pizza shows a 52-week-high of $564.73 and a 52-week-low of $321.15. Moreover, at the end of the last trading period, the closing price was at $362.61.
Bernstein initiated coverage on Darden Restaurants Inc DRI with an Outperform rating. The price target for Darden Restaurants is set to $153.00. In the fourth quarter, Darden Restaurants showed an EPS of $2.24, compared to $2.03 from the year-ago quarter. The stock has a 52-week-high of $155.25 and a 52-week-low of $110.96. At the end of the last trading period, Darden Restaurants closed at $128.05.
With an Overweight rating, Cantor Fitzgerald initiated coverage on Fortinet Inc FTNT. The price target seems to have been set at $70.00 for Fortinet. In the second quarter, Fortinet showed an EPS of $0.24, compared to $0.19 from the year-ago quarter. The current stock performance of Fortinet shows a 52-week-high of $362.12 and a 52-week-low of $47.37. Moreover, at the end of the last trading period, the closing price was at $50.45.
Cantor Fitzgerald initiated coverage on CrowdStrike Holdings Inc CRWD with an Overweight rating. The price target for CrowdStrike Holdings is set to $240.00. CrowdStrike Holdings earned $0.36 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $242.00 and a 52-week-low of $130.00. At the end of the last trading period, CrowdStrike Holdings closed at $171.96.
Stifel initiated coverage on Advanced Micro Devices Inc AMD with a Buy rating. The price target for Advanced Micro Devices is set to $122.00. Advanced Micro Devices earned $1.05 in the second quarter, compared to $0.63 in the year-ago quarter. The current stock performance of Advanced Micro Devices shows a 52-week-high of $152.42 and a 52-week-low of $71.60. Moreover, at the end of the last trading period, the closing price was at $79.61.
With a Hold rating, Stifel initiated coverage on Intel Corp INTC. The price target seems to have been set at $32.00 for Intel. For the second quarter, Intel had an EPS of $0.29, compared to year-ago quarter EPS of $1.28. At the moment, the stock has a 52-week-high of $56.28 and a 52-week-low of $30.05. Intel closed at $30.65 at the end of the last trading period.
With a Hold rating, Stifel initiated coverage on Lattice Semiconductor Corp LSCC. The price target seems to have been set at $60.00 for Lattice Semiconductor. In the second quarter, Lattice Semiconductor showed an EPS of $0.42, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $79.22 and a 52-week-low of $43.41. At the end of the last trading period, Lattice Semiconductor closed at $51.83.
Stifel initiated coverage on NVIDIA Corp NVDA with a Hold rating. The price target for NVIDIA is set to $165.00. For the second quarter, NVIDIA had an EPS of $0.51, compared to year-ago quarter EPS of $1.04. At the moment, the stock has a 52-week-high of $307.11 and a 52-week-low of $132.70. NVIDIA closed at $137.14 at the end of the last trading period.
With a Hold rating, Stifel initiated coverage on Cadence Design Systems Inc CDNS. The price target seems to have been set at $200.00 for Cadence Design Sys. For the second quarter, Cadence Design Sys had an EPS of $1.08, compared to year-ago quarter EPS of $0.86. At the moment, the stock has a 52-week-high of $194.97 and a 52-week-low of $132.31. Cadence Design Sys closed at $170.89 at the end of the last trading period.
With a Buy rating, Stifel initiated coverage on Synopsys Inc SNPS. The price target seems to have been set at $445.00 for Synopsys. In the third quarter, Synopsys showed an EPS of $2.10, compared to $1.81 from the year-ago quarter. The stock has a 52-week-high of $391.17 and a 52-week-low of $255.02. At the end of the last trading period, Synopsys closed at $332.04.