Benzinga's Top Ratings Upgrades, Downgrades For September 13, 2022 - Adobe (NASDAQ:ADBE), AnaptysBio (NASDAQ:ANAB), Bandwidth (NASDAQ:BAND), Box (NYSE:BOX)

Upgrades

Downgrades

Argus Research downgraded the previous rating for Tyson Foods Inc (NYSE:TSN) from Buy to Hold. In the third quarter, Tyson Foods showed an EPS of $1.94, compared to $2.70 from the year-ago quarter. The current stock performance of Tyson Foods shows a 52-week-high of $100.72 and a 52-week-low of $72.18. Moreover, at the end of the last trading period, the closing price was at $75.56.

For Steven Madden Ltd (NASDAQ:SHOO), Loop Capital downgraded the previous rating of Buy to Hold. Steven Madden earned $0.63 in the second quarter, compared to $0.48 in the year-ago quarter. The stock has a 52-week-high of $49.84 and a 52-week-low of $28.41. At the end of the last trading period, Steven Madden closed at $31.49.

According to BMO Capital, the prior rating for Adobe Inc (NASDAQ:ADBE) was changed from Outperform to Market Perform. For the second quarter, Adobe had an EPS of $3.35, compared to year-ago quarter EPS of $3.03. At the moment, the stock has a 52-week-high of $575.00 and a 52-week-low of $338.00. Adobe closed at $396.36 at the end of the last trading period.

For AnaptysBio Inc (NASDAQ:ANAB), Truist Securities downgraded the previous rating of Buy to Hold. AnaptysBio earned $1.15 in the second quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $36.06 and a 52-week-low of $18.20. At the end of the last trading period, AnaptysBio closed at $25.78.

For Health Catalyst Inc (NASDAQ:HCAT), Piper Sandler downgraded the previous rating of Overweight to Neutral. For the second quarter, Health Catalyst had an EPS of $0.03, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $40.65 and a 52-week-low of $10.72. At the end of the last trading period, Health Catalyst closed at $11.52.

For Oatly Group AB (NASDAQ:OTLY), Credit Suisse downgraded the previous rating of Outperform to Neutral. For the second quarter, Oatly Group had an EPS of $0.12, compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $8.44 and a 52-week-low of $2.75. At the end of the last trading period, Oatly Group closed at $3.30.

Jefferies downgraded the previous rating for Dow Inc (NYSE:DOW) from Buy to Hold. Dow earned $2.31 in the second quarter, compared to $2.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.86 and a 52-week-low of $47.95. Dow closed at $50.93 at the end of the last trading period.

Credit Suisse downgraded the previous rating for Rent the Runway Inc (NASDAQ:RENT) from Outperform to Neutral. For the second quarter, Rent the Runway had an EPS of $0.53, compared to year-ago quarter EPS of $3.75. The current stock performance of Rent the Runway shows a 52-week-high of $8.51 and a 52-week-low of $2.99. Moreover, at the end of the last trading period, the closing price was at $4.93.

See all analyst ratings downgrades.

Initiations

Keybanc initiated coverage on Box Inc (NYSE:BOX) with an Overweight rating. The price target for Box is set to $34.00. Box earned $0.28 in the second quarter, compared to $0.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $33.04 and a 52-week-low of $22.31. Box closed at $28.00 at the end of the last trading period.

For FB Financial Corp (NYSE:FBK), Janney Montgomery Scott initiated coverage, by setting the current rating at Buy. For the second quarter, FB Financial had an EPS of $0.64, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $47.40 and a 52-week-low of $37.00. At the end of the last trading period, FB Financial closed at $40.20.

Jefferies initiated coverage on Eneti Inc (NYSE:NETI) with a Buy rating. The price target for Eneti is set to $11.00. For the second quarter, Eneti had an EPS of $0.63, compared to year-ago quarter EPS of $0.90. The stock has a 52-week-high of $8.82 and a 52-week-low of $4.81. At the end of the last trading period, Eneti closed at $8.03.

For Qorvo Inc (NASDAQ:QRVO), Exane BNP Paribas initiated coverage, by setting the current rating at Neutral. In the first quarter, Qorvo showed an EPS of $2.25, compared to $2.83 from the year-ago quarter. At the moment, the stock has a 52-week-high of $163.12 and a 52-week-low of $87.05. Qorvo closed at $93.41 at the end of the last trading period.

For Endava PLC (NYSE:DAVA), Keybanc initiated coverage, by setting the current rating at Sector Weight. Endava earned $0.64 in the third quarter, compared to $0.47 in the year-ago quarter. The stock has a 52-week-high of $167.98 and a 52-week-low of $82.01. At the end of the last trading period, Endava closed at $96.75.

Keybanc initiated coverage on Kaltura Inc (NASDAQ:KLTR) with a Sector Weight rating. Kaltura earned $0.08 in the second quarter, compared to $0.37 in the year-ago quarter. The stock has a 52-week-high of $3.86 and a 52-week-low of $1.32. At the end of the last trading period, Kaltura closed at $2.12.

Keybanc initiated coverage on Zoom Video Communications Inc (NASDAQ:ZM) with a Sector Weight rating. In the second quarter, Zoom Video Comms showed an EPS of $1.05, compared to $1.36 from the year-ago quarter. The stock has a 52-week-high of $184.91 and a 52-week-low of $77.79. At the end of the last trading period, Zoom Video Comms closed at $84.08.

With an Outperform rating, Baird initiated coverage on ESAB Corp (NYSE:ESAB). The price target seems to have been set at $53.00 for ESAB. At the moment, the stock has a 52-week-high of $58.08 and a 52-week-low of $38.25. ESAB closed at $41.35 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on Renovacor Inc (AMEX:RCOR). The price target seems to have been set at $9.00 for Renovacor. In the second quarter, Renovacor showed an EPS of $0.52, compared to $0.59 from the year-ago quarter.

See all analyst ratings initiations.

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Upgrades

See all analyst ratings upgrades.

Downgrades

See all analyst ratings downgrades.

Initiations

Wedbush initiated coverage on Sono Group NV (NASDAQ:SEV) with a Neutral rating. The price target for Sono Group is set to $4.00. Sono Group earned $0.48 in the second quarter, compared to $0.54 in the year-ago quarter. At the moment, the stock has a 52-week-high of $10.65 and a 52-week-low of $2.59. Sono Group closed at $2.93 at the end of the last trading period.

FBN Securities initiated coverage on Informatica Inc (NYSE:INFA) with an Outperform rating. The price target for Informatica is set to $35.00. In the second quarter, Informatica showed an EPS of $0.16, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.76 and a 52-week-low of $16.20. Informatica closed at $22.15 at the end of the last trading period.

Northland Capital Markets initiated coverage on ReneSola Ltd (NYSE:SOL) with an Outperform rating. The price target for ReneSola is set to $8.00. For the second quarter, ReneSola had an EPS of $0.01, compared to year-ago quarter EPS of $0.11. The current stock performance of ReneSola shows a 52-week-high of $8.43 and a 52-week-low of $3.46. Moreover, at the end of the last trading period, the closing price was at $5.54.

With an Underperform rating, Exane BNP Paribas initiated coverage on Western Digital Corp (NASDAQ:WDC). The price target seems to have been set at $30.00 for Western Digital. In the fourth quarter, Western Digital showed an EPS of $1.78, compared to $2.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $69.36 and a 52-week-low of $40.13. Western Digital closed at $43.27 at the end of the last trading period.

With a Neutral rating, Exane BNP Paribas initiated coverage on Seagate Technology Holdings PLC (NASDAQ:STX). The price target seems to have been set at $70.00 for Seagate Tech Hldgs. Seagate Tech Hldgs earned $1.59 in the fourth quarter, compared to $2.00 in the year-ago quarter. The current stock performance of Seagate Tech Hldgs shows a 52-week-high of $117.67 and a 52-week-low of $63.50. Moreover, at the end of the last trading period, the closing price was at $68.77.

Exane BNP Paribas initiated coverage on Skyworks Solutions Inc (NASDAQ:SWKS) with an Outperform rating. The price target for Skyworks Solutions is set to $120.00. In the third quarter, Skyworks Solutions showed an EPS of $2.44, compared to $2.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $163.47 and a 52-week-low of $88.76. Skyworks Solutions closed at $103.62 at the end of the last trading period.

With an Outperform rating, Exane BNP Paribas initiated coverage on Marvell Technology Inc (NASDAQ:MRVL). The price target seems to have been set at $62.00 for Marvell Tech. Marvell Tech earned $0.57 in the second quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $91.78 and a 52-week-low of $41.07. Marvell Tech closed at $50.25 at the end of the last trading period.

With an Outperform rating, Exane BNP Paribas initiated coverage on Micron Technology Inc (NASDAQ:MU). The price target seems to have been set at $75.00 for Micron Technology. Micron Technology earned $2.59 in the third quarter, compared to $1.88 in the year-ago quarter. The current stock performance of Micron Technology shows a 52-week-high of $98.45 and a 52-week-low of $51.40. Moreover, at the end of the last trading period, the closing price was at $57.94.

With an Outperform rating, Evercore ISI Group initiated coverage on Wolfspeed Inc (NYSE:WOLF). The price target seems to have been set at $155.00 for Wolfspeed. Wolfspeed earned $0.02 in the fourth quarter, compared to $0.23 in the year-ago quarter. The current stock performance of Wolfspeed shows a 52-week-high of $125.58 and a 52-week-low of $58.07. Moreover, at the end of the last trading period, the closing price was at $116.85.

With a Buy rating, Maxim Group initiated coverage on Edible Garden AG Inc (NASDAQ:EDBL). The price target seems to have been set at $3.00 for Edible Garden. Edible Garden earned $0.68 in the second quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $3.00 and a 52-week-low of $0.76. At the end of the last trading period, Edible Garden closed at $0.93.

With a Buy rating, EF Hutton initiated coverage on HireQuest Inc (NASDAQ:HQI). The price target seems to have been set at $24.00 for HireQuest. For the second quarter, HireQuest had an EPS of $0.37, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $20.78 and a 52-week-low of $11.80. HireQuest closed at $14.31 at the end of the last trading period.

With a Equal-Weight rating, Barclays initiated coverage on Kanzhun Ltd (NASDAQ:BZ). The price target seems to have been set at $21.00 for Kanzhun. For the second quarter, Kanzhun had an EPS of $0.08, compared to year-ago quarter EPS of $0.20. The stock has a 52-week-high of $37.50 and a 52-week-low of $13.46. At the end of the last trading period, Kanzhun closed at $23.75.

With an Underweight rating, Morgan Stanley initiated coverage on Innovid Corp (NYSE:CTV). The price target seems to have been set at $2.70 for Innovid. Innovid earned $0.03 in the second quarter, compared to $1.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.49 and a 52-week-low of $1.62. Innovid closed at $3.59 at the end of the last trading period.

With a Buy rating, Chardan Capital initiated coverage on Outlook Therapeutics Inc (NASDAQ:OTLK). The price target seems to have been set at $10.00 for Outlook Therapeutics. In the third quarter, Outlook Therapeutics showed an EPS of $0.08, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $2.12 and a 52-week-low of $0.68. At the end of the last trading period, Outlook Therapeutics closed at $1.12.

For Pegasystems Inc (NASDAQ:PEGA), Keybanc initiated coverage, by setting the current rating at Sector Weight. Pegasystems earned $0.38 in the second quarter, compared to $0.23 in the year-ago quarter. The current stock performance of Pegasystems shows a 52-week-high of $111.73 and a 52-week-low of $35.03. Moreover, at the end of the last trading period, the closing price was at $41.67.

With an Overweight rating, Keybanc initiated coverage on Bandwidth Inc (NASDAQ:BAND). The price target seems to have been set at $21.00 for Bandwidth. For the second quarter, Bandwidth had an EPS of $0.04, compared to year-ago quarter EPS of $0.32. The current stock performance of Bandwidth shows a 52-week-high of $73.99 and a 52-week-low of $14.25. Moreover, at the end of the last trading period, the closing price was at $16.52.

Deutsche Bank initiated coverage on Blue Owl Capital Inc (NYSE:OWL) with a Buy rating. The price target for Blue Owl Cap is set to $19.00. For the second quarter, Blue Owl Cap had an EPS of $0.13, compared to year-ago quarter EPS of $0.09. The current stock performance of Blue Owl Cap shows a 52-week-high of $15.05 and a 52-week-low of $9.52. Moreover, at the end of the last trading period, the closing price was at $11.65.

For Cerevel Therapeutics Holdings Inc (NASDAQ:CERE), Evercore ISI Group initiated coverage, by setting the current rating at Outperform. For the second quarter, Cerevel Therapeutics Hldg had an EPS of $0.61, compared to year-ago quarter EPS of $0.42. The stock has a 52-week-high of $41.46 and a 52-week-low of $19.86. At the end of the last trading period, Cerevel Therapeutics Hldg closed at $30.61.

Keybanc initiated coverage on Globant SA (NYSE:GLOB) with an Overweight rating. The price target for Globant is set to $291.00. In the second quarter, Globant showed an EPS of $1.22, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $318.98 and a 52-week-low of $159.56. At the end of the last trading period, Globant closed at $227.67.

With an Overweight rating, Keybanc initiated coverage on EPAM Systems Inc (NYSE:EPAM). The price target seems to have been set at $510.00 for EPAM Sys. EPAM Sys earned $2.38 in the second quarter, compared to $2.05 in the year-ago quarter. The stock has a 52-week-high of $675.34 and a 52-week-low of $168.59. At the end of the last trading period, EPAM Sys closed at $438.70.

With an Overweight rating, Keybanc initiated coverage on Dropbox Inc (NASDAQ:DBX). The price target seems to have been set at $30.00 for Dropbox. In the second quarter, Dropbox showed an EPS of $0.38, compared to $0.40 from the year-ago quarter. The current stock performance of Dropbox shows a 52-week-high of $25.80 and a 52-week-low of $19.07. Moreover, at the end of the last trading period, the closing price was at $23.14.

With an Overweight rating, Keybanc initiated coverage on Twilio Inc (NYSE:TWLO). The price target seems to have been set at $96.00 for Twilio. For the second quarter, Twilio had an EPS of $0.11, compared to year-ago quarter EPS of $0.11. The current stock performance of Twilio shows a 52-week-high of $266.74 and a 52-week-low of $64.29. Moreover, at the end of the last trading period, the closing price was at $75.65.

With an Overweight rating, Keybanc initiated coverage on Five9 Inc (NASDAQ:FIVN). The price target seems to have been set at $124.00 for Five9. Five9 earned $0.34 in the second quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $144.24 and a 52-week-low of $80.52. Five9 closed at $92.49 at the end of the last trading period.

Keybanc initiated coverage on LivePerson Inc (NASDAQ:LPSN) with an Overweight rating. The price target for LivePerson is set to $16.00. In the second quarter, LivePerson showed an EPS of $0.23, compared to $0.30 from the year-ago quarter. The current stock performance of LivePerson shows a 52-week-high of $35.96 and a 52-week-low of $10.27. Moreover, at the end of the last trading period, the closing price was at $12.52.

With an Overweight rating, Keybanc initiated coverage on RingCentral Inc (NYSE:RNG). The price target seems to have been set at $59.00 for RingCentral. In the second quarter, RingCentral showed an EPS of $0.45, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $194.40 and a 52-week-low of $40.59. At the end of the last trading period, RingCentral closed at $46.62.

Piper Sandler initiated coverage on LSB Industries Inc (NYSE:LXU) with an Overweight rating. The price target for LSB Industries is set to $26.00. For the second quarter, LSB Industries had an EPS of $1.22, compared to year-ago quarter EPS of $0.09. The current stock performance of LSB Industries shows a 52-week-high of $27.45 and a 52-week-low of $9.06. Moreover, at the end of the last trading period, the closing price was at $16.03.

With a Hold rating, Truist Securities initiated coverage on Inari Medical Inc (NASDAQ:NARI). The price target seems to have been set at $87.00 for Inari Medical. In the second quarter, Inari Medical showed an EPS of $0.19, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $100.00 and a 52-week-low of $50.50. At the end of the last trading period, Inari Medical closed at $81.79.

With an Outperform rating, RBC Capital initiated coverage on CNO Financial Group Inc (NYSE:CNO). The price target seems to have been set at $25.00 for CNO Finl Group. CNO Finl Group earned $0.85 in the second quarter, compared to $0.66 in the year-ago quarter. The current stock performance of CNO Finl Group shows a 52-week-high of $26.74 and a 52-week-low of $16.56. Moreover, at the end of the last trading period, the closing price was at $19.43.

See all analyst ratings initiations.