Benzinga's Top Ratings Upgrades, Downgrades For October 7, 2022

Upgrades

Argus Research upgraded the previous rating for Biogen Inc (NASDAQ:BIIB) from Hold to Buy. For the second quarter, Biogen had an EPS of $5.25, compared to year-ago quarter EPS of $5.68. At the moment, the stock has a 52-week-high of $283.44 and a 52-week-low of $187.16. Biogen closed at $262.26 at the end of the last trading period.

For Progressive Corp (NYSE:PGR), Jefferies upgraded the previous rating of Hold to Buy. For the second quarter, Progressive had an EPS of $1.08, compared to year-ago quarter EPS of $0.72. The stock has a 52-week-high of $129.76 and a 52-week-low of $100.81. At the end of the last trading period, Progressive closed at $121.92.

See all analyst ratings upgrades.

Downgrades

Keefe, Bruyette & Woods downgraded the previous rating for Southern States Bancshares Inc (NASDAQ:SSBK) from Outperform to Market Perform. In the second quarter, Southern States showed an EPS of $0.59, compared to $0.50 from the year-ago quarter.

For BTRS Holdings Inc (NASDAQ:BTRS), William Blair downgraded the previous rating of Outperform to Market Perform. BTRS Holdings earned $0.04 in the second quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $9.35 and a 52-week-low of $3.95. At the end of the last trading period, BTRS Holdings closed at $9.31.

For C.H. Robinson Worldwide Inc (NASDAQ:CHRW), Citigroup downgraded the previous rating of Buy to Neutral. C.H. Robinson Worldwide earned $2.67 in the second quarter, compared to $1.44 in the year-ago quarter. The stock has a 52-week-high of $121.23 and a 52-week-low of $86.57. At the end of the last trading period, C.H. Robinson Worldwide closed at $97.49.

Baird downgraded the previous rating for Norfolk Southern Corp (NYSE:NSC) from Outperform to Neutral. Norfolk Southern earned $3.45 in the second quarter, compared to $3.28 in the year-ago quarter. The stock has a 52-week-high of $298.99 and a 52-week-low of $209.59. At the end of the last trading period, Norfolk Southern closed at $218.93.

For Lyft Inc (NASDAQ:LYFT), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the second quarter, Lyft showed an EPS of $0.13, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $46.64 and a 52-week-low of $11.96. Lyft closed at $13.70 at the end of the last trading period.

Piper Sandler downgraded the previous rating for Douglas Emmett Inc (NYSE:DEI) from Overweight to Neutral. For the second quarter, Douglas Emmett had an EPS of $0.51, compared to year-ago quarter EPS of $0.47. The stock has a 52-week-high of $36.97 and a 52-week-low of $16.79. At the end of the last trading period, Douglas Emmett closed at $17.23.

See all analyst ratings downgrades.

Initiations

With an Outperform rating, BMO Capital initiated coverage on Skeena Resources Ltd (NYSE:SKE). The price target seems to have been set at $15.00 for Skeena Resources. The stock has a 52-week-high of $13.39 and a 52-week-low of $4.10. At the end of the last trading period, Skeena Resources closed at $4.73.

Needham initiated coverage on AppLovin Corp (NASDAQ:APP) with a Hold rating. For the second quarter, AppLovin had an EPS of $0.06, compared to year-ago quarter EPS of $0.04. The current stock performance of AppLovin shows a 52-week-high of $98.14 and a 52-week-low of $19.11. Moreover, at the end of the last trading period, the closing price was at $20.54.

With a Buy rating, HC Wainwright & Co. initiated coverage on Aptorum Group Ltd (NASDAQ:APM). The price target seems to have been set at $8.00 for Aptorum Gr. NoneThe stock has a 52-week-high of $2.35 and a 52-week-low of $0.86. At the end of the last trading period, Aptorum Gr closed at $0.89.

See all analyst ratings initiations.

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