Benzinga's Top Ratings Upgrades, Downgrades For September 30, 2022

Upgrades

Piper Sandler upgraded the previous rating for Voya Financial Inc (NYSE:VOYA) from Neutral to Overweight. For the second quarter, Voya Financial had an EPS of $1.67, compared to year-ago quarter EPS of $1.32. The stock has a 52-week-high of $74.97 and a 52-week-low of $56.20. At the end of the last trading period, Voya Financial closed at $60.92.

For Rithm Capital Corp (NYSE:RITM), Piper Sandler upgraded the previous rating of Underweight to Neutral. For the second quarter, Rithm Capital had an EPS of $0.31, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $10.78 and a 52-week-low of $7.11. At the end of the last trading period, Rithm Capital closed at $7.25.

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Downgrades

See all analyst ratings downgrades.

Initiations

Credit Suisse initiated coverage on Allego NV (NYSE:ALLG) with an Outperform rating. The price target for Allego is set to $10.00. NoneThe stock has a 52-week-high of $28.44 and a 52-week-low of $3.35. At the end of the last trading period, Allego closed at $4.52.

UBS initiated coverage on Ingredion Inc (NYSE:INGR) with a Neutral rating. The price target for Ingredion is set to $89.00. For the second quarter, Ingredion had an EPS of $2.12, compared to year-ago quarter EPS of $2.05. The stock has a 52-week-high of $101.89 and a 52-week-low of $78.81. At the end of the last trading period, Ingredion closed at $82.09.

Cantor Fitzgerald initiated coverage on Rubicon Technologies Inc (NYSE:RBT) with an Overweight rating. The price target for Rubicon Technologies is set to $5.00. At the moment, the stock has a 52-week-high of $7.94 and a 52-week-low of $2.26. Rubicon Technologies closed at $2.44 at the end of the last trading period.

For HashiCorp Inc (NASDAQ:HCP), Needham initiated coverage, by setting the current rating at Hold. In the second quarter, HashiCorp showed an EPS of $0.17, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $92.73 and a 52-week-low of $25.51. HashiCorp closed at $32.49 at the end of the last trading period.

See all analyst ratings initiations.

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