Benzinga's Top Ratings Upgrades, Downgrades For October 10, 2022

Upgrades

OTR Global upgraded the previous rating for Restaurant Brands International Inc (NYSE:QSR) from Mixed to Positive. For the second quarter, Restaurant Brands Intl had an EPS of $0.82, compared to year-ago quarter EPS of $0.77. The current stock performance of Restaurant Brands Intl shows a 52-week-high of $61.79 and a 52-week-low of $46.68. Moreover, at the end of the last trading period, the closing price was at $52.31.

For Fortinet Inc (NASDAQ:FTNT), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Fortinet had an EPS of $0.24, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $362.12 and a 52-week-low of $47.37. At the end of the last trading period, Fortinet closed at $51.47.

According to Guggenheim, the prior rating for Merck & Co Inc (NYSE:MRK) was changed from Neutral to Buy. Merck & Co earned $1.87 in the second quarter, compared to $1.31 in the year-ago quarter. The stock has a 52-week-high of $95.72 and a 52-week-low of $72.88. At the end of the last trading period, Merck & Co closed at $87.60.

Goldman Sachs upgraded the previous rating for The Kraft Heinz Co (NASDAQ:KHC) from Neutral to Buy. In the second quarter, Kraft Heinz showed an EPS of $0.70, compared to $0.78 from the year-ago quarter. The current stock performance of Kraft Heinz shows a 52-week-high of $44.87 and a 52-week-low of $32.73. Moreover, at the end of the last trading period, the closing price was at $33.03.

For TELUS International (Cda) Inc (NYSE:TIXT), B of A Securities upgraded the previous rating of Underperform to Neutral. In the second quarter, TELUS Intl showed an EPS of $0.30, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $34.45 and a 52-week-low of $20.73. At the end of the last trading period, TELUS Intl closed at $25.11.

According to Mizuho, the prior rating for Toast Inc (NYSE:TOST) was changed from Neutral to Buy. Toast earned $0.11 in the second quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Toast shows a 52-week-high of $35.55 and a 52-week-low of $11.91. Moreover, at the end of the last trading period, the closing price was at $16.82.

For Satsuma Pharmaceuticals Inc (NASDAQ:STSA), SVB Leerink upgraded the previous rating of Market Perform to Outperform. In the second quarter, Satsuma Pharmaceuticals showed an EPS of $0.52, compared to $0.38 from the year-ago quarter. The current stock performance of Satsuma Pharmaceuticals shows a 52-week-high of $8.08 and a 52-week-low of $2.51. Moreover, at the end of the last trading period, the closing price was at $5.36.

According to Exane BNP Paribas, the prior rating for The Kroger Co (NYSE:KR) was changed from Neutral to Outperform. Kroger earned $0.90 in the second quarter, compared to $0.80 in the year-ago quarter. The current stock performance of Kroger shows a 52-week-high of $62.78 and a 52-week-low of $42.70. Moreover, at the end of the last trading period, the closing price was at $43.00.

See all analyst ratings upgrades.

Downgrades

For Sabra Health Care REIT Inc (NASDAQ:SBRA), Baird downgraded the previous rating of Outperform to Neutral. In the second quarter, Sabra Health Care REIT showed an EPS of $0.39, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $16.60 and a 52-week-low of $11.44. At the end of the last trading period, Sabra Health Care REIT closed at $12.53.

For Procter & Gamble Co (NYSE:PG), Goldman Sachs downgraded the previous rating of Buy to Neutral. In the fourth quarter, Procter & Gamble showed an EPS of $1.21, compared to $1.13 from the year-ago quarter. The stock has a 52-week-high of $165.35 and a 52-week-low of $123.76. At the end of the last trading period, Procter & Gamble closed at $124.27.

B of A Securities downgraded the previous rating for TTEC Holdings Inc (NASDAQ:TTEC) from Buy to Neutral. TTEC Holdings earned $0.98 in the second quarter, compared to $1.27 in the year-ago quarter. The stock has a 52-week-high of $92.52 and a 52-week-low of $43.98. At the end of the last trading period, TTEC Holdings closed at $45.47.

For Bristol-Myers Squibb Co (NYSE:BMY), Guggenheim downgraded the previous rating of Buy to Neutral. Bristol-Myers Squibb earned $1.93 in the second quarter, compared to $1.93 in the year-ago quarter. The current stock performance of Bristol-Myers Squibb shows a 52-week-high of $80.59 and a 52-week-low of $60.86. Moreover, at the end of the last trading period, the closing price was at $69.70.

For Lincoln National Corp (NYSE:LNC), Jefferies downgraded the previous rating of Buy to Hold. Lincoln National earned $2.23 in the second quarter, compared to $3.17 in the year-ago quarter. The stock has a 52-week-high of $76.40 and a 52-week-low of $43.01. At the end of the last trading period, Lincoln National closed at $46.80.

Baird downgraded the previous rating for Welltower OP LLC (NYSE:WELL) from Outperform to Neutral. In the second quarter, Welltower OP showed an EPS of $0.86, compared to $0.79 from the year-ago quarter. The current stock performance of Welltower OP shows a 52-week-high of $99.43 and a 52-week-low of $58.16. Moreover, at the end of the last trading period, the closing price was at $58.60.

Baird downgraded the previous rating for Ventas Inc (NYSE:VTR) from Outperform to Neutral. Ventas earned $0.72 in the second quarter, compared to $0.73 in the year-ago quarter. The current stock performance of Ventas shows a 52-week-high of $64.02 and a 52-week-low of $37.27. Moreover, at the end of the last trading period, the closing price was at $37.72.

Baird downgraded the previous rating for Omega Healthcare Investors Inc (NYSE:OHI) from Outperform to Neutral. In the second quarter, Omega Healthcare Invts showed an EPS of $0.76, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $33.71 and a 52-week-low of $24.81. At the end of the last trading period, Omega Healthcare Invts closed at $29.41.

For Highwoods Properties Inc (NYSE:HIW), Baird downgraded the previous rating of Outperform to Neutral. In the second quarter, Highwoods Props showed an EPS of $1.00, compared to $0.93 from the year-ago quarter. The stock has a 52-week-high of $47.44 and a 52-week-low of $24.51. At the end of the last trading period, Highwoods Props closed at $24.72.

Baird downgraded the previous rating for Kilroy Realty Corp (NYSE:KRC) from Outperform to Neutral. For the second quarter, Kilroy Realty had an EPS of $1.17, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $79.06 and a 52-week-low of $40.05. At the end of the last trading period, Kilroy Realty closed at $40.70.

R5 Capital downgraded the previous rating for Lowe's Companies Inc (NYSE:LOW) from Buy to Hold. Lowe's Companies earned $4.67 in the second quarter, compared to $4.25 in the year-ago quarter. The current stock performance of Lowe's Companies shows a 52-week-high of $260.83 and a 52-week-low of $170.12. Moreover, at the end of the last trading period, the closing price was at $197.21.

Baird downgraded the previous rating for Global Medical REIT Inc (NYSE:GMRE) from Outperform to Neutral. Global Medical REIT earned $0.25 in the second quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.51 and a 52-week-low of $7.44. Global Medical REIT closed at $7.51 at the end of the last trading period.

For Affimed NV (NASDAQ:AFMD), Stifel downgraded the previous rating of Buy to Hold. In the second quarter, Affimed showed an EPS of $0.14, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $5.76 and a 52-week-low of $1.90. At the end of the last trading period, Affimed closed at $1.90.

For Argo Blockchain PLC (NASDAQ:ARBK), Barclays downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Argo Blockchain showed an EPS of $0.82, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $13.14 and a 52-week-low of $2.90. At the end of the last trading period, Argo Blockchain closed at $3.20.

For Turning Point Brands Inc (NYSE:TPB), Barclays downgraded the previous rating of Overweight to Equal-Weight. Turning Point Brands earned $0.70 in the second quarter, compared to $0.84 in the year-ago quarter. The current stock performance of Turning Point Brands shows a 52-week-high of $38.63 and a 52-week-low of $20.09. Moreover, at the end of the last trading period, the closing price was at $21.24.

According to UBS, the prior rating for Ford Motor Co (NYSE:F) was changed from Neutral to Sell. Ford Motor earned $0.68 in the second quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Ford Motor shows a 52-week-high of $25.87 and a 52-week-low of $10.61. Moreover, at the end of the last trading period, the closing price was at $12.20.

According to Needham, the prior rating for Axonics Inc (NASDAQ:AXNX) was changed from Buy to Hold. For the second quarter, Axonics had an EPS of $0.47, compared to year-ago quarter EPS of $0.59. At the moment, the stock has a 52-week-high of $79.92 and a 52-week-low of $38.41. Axonics closed at $72.51 at the end of the last trading period.

For General Motors Co (NYSE:GM), UBS downgraded the previous rating of Buy to Neutral. General Motors earned $1.14 in the second quarter, compared to $1.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of $67.21 and a 52-week-low of $30.33. General Motors closed at $33.62 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

DA Davidson initiated coverage on Linkbancorp Inc (NASDAQ:LNKB) with a Buy rating. The price target for Linkbancorp is set to $9.00. The current stock performance of Linkbancorp shows a 52-week-high of $11.95 and a 52-week-low of $7.09. Moreover, at the end of the last trading period, the closing price was at $7.53.

Jefferies initiated coverage on Third Harmonic Bio Inc (NASDAQ:THRD) with a Buy rating. The price target for Third Harmonic Bio is set to $30.00. In the first quarter, Third Harmonic Bio showed an EPS of $0.45, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.49 and a 52-week-low of $16.00. Third Harmonic Bio closed at $20.01 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on Corebridge Financial Inc (NYSE:CRBG). The price target seems to have been set at $25.00 for Corebridge Financial. At the moment, the stock has a 52-week-high of $22.00 and a 52-week-low of $19.14. Corebridge Financial closed at $19.94 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on Corebridge Financial Inc (NYSE:CRBG). The price target seems to have been set at $23.00 for Corebridge Financial. The stock has a 52-week-high of $22.00 and a 52-week-low of $19.14. At the end of the last trading period, Corebridge Financial closed at $19.94.

Oppenheimer initiated coverage on Corebridge Financial Inc (NYSE:CRBG) with an Outperform rating. The price target for Corebridge Financial is set to $30.00. The stock has a 52-week-high of $22.00 and a 52-week-low of $19.14. At the end of the last trading period, Corebridge Financial closed at $19.94.

JP Morgan initiated coverage on Corebridge Financial Inc (NYSE:CRBG) with a Neutral rating. The price target for Corebridge Financial is set to $25.00. The stock has a 52-week-high of $22.00 and a 52-week-low of $19.14. At the end of the last trading period, Corebridge Financial closed at $19.94.

With a Neutral rating, Goldman Sachs initiated coverage on Corebridge Financial Inc (NYSE:CRBG). The price target seems to have been set at $23.00 for Corebridge Financial. The current stock performance of Corebridge Financial shows a 52-week-high of $22.00 and a 52-week-low of $19.14. Moreover, at the end of the last trading period, the closing price was at $19.94.

B of A Securities initiated coverage on Corebridge Financial Inc (NYSE:CRBG) with a Buy rating. The price target for Corebridge Financial is set to $24.00. The current stock performance of Corebridge Financial shows a 52-week-high of $22.00 and a 52-week-low of $19.14. Moreover, at the end of the last trading period, the closing price was at $19.94.

Chardan Capital initiated coverage on Nauticus Robotics Inc (NASDAQ:KITT) with a Buy rating. The price target for Nauticus Robotics is set to $11.00. The current stock performance of Nauticus Robotics shows a 52-week-high of $9.05 and a 52-week-low of $3.14. Moreover, at the end of the last trading period, the closing price was at $4.73.

With a Buy rating, B of A Securities initiated coverage on Howmet Aerospace Inc (NYSE:HWM). The price target seems to have been set at $40.00 for Howmet Aerospace. In the second quarter, Howmet Aerospace showed an EPS of $0.35, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $38.99 and a 52-week-low of $29.35. Howmet Aerospace closed at $32.54 at the end of the last trading period.

Barclays initiated coverage on Grab Holdings Inc (NASDAQ:GRAB) with a Equal-Weight rating. The price target for Grab Hldgs is set to $3.00. Grab Hldgs earned $0.15 in the second quarter, compared to $2.89 in the year-ago quarter. The stock has a 52-week-high of $7.33 and a 52-week-low of $2.26. At the end of the last trading period, Grab Hldgs closed at $2.81.

Morgan Stanley initiated coverage on Third Harmonic Bio Inc (NASDAQ:THRD) with an Overweight rating. The price target for Third Harmonic Bio is set to $34.00. For the first quarter, Third Harmonic Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.45. The current stock performance of Third Harmonic Bio shows a 52-week-high of $21.49 and a 52-week-low of $16.00. Moreover, at the end of the last trading period, the closing price was at $20.01.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Corebridge Financial Inc (NYSE:CRBG). The price target seems to have been set at $25.00 for Corebridge Financial. At the moment, the stock has a 52-week-high of $22.00 and a 52-week-low of $19.14. Corebridge Financial closed at $19.94 at the end of the last trading period.

With an Overweight rating, Piper Sandler initiated coverage on Corebridge Financial Inc (NYSE:CRBG). The price target seems to have been set at $25.00 for Corebridge Financial. The current stock performance of Corebridge Financial shows a 52-week-high of $22.00 and a 52-week-low of $19.14. Moreover, at the end of the last trading period, the closing price was at $19.94.

RBC Capital initiated coverage on Corebridge Financial Inc (NYSE:CRBG) with an Outperform rating. The price target for Corebridge Financial is set to $25.00. At the moment, the stock has a 52-week-high of $22.00 and a 52-week-low of $19.14. Corebridge Financial closed at $19.94 at the end of the last trading period.

With a Neutral rating, HC Wainwright & Co. initiated coverage on Cipher Mining Inc (NASDAQ:CIFR). The price target seems to have been set at $1.50 for Cipher Mining. In the second quarter, Cipher Mining showed an EPS of $0.08, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $4.71 and a 52-week-low of $1.13. At the end of the last trading period, Cipher Mining closed at $1.14.

Goldman Sachs initiated coverage on Etsy Inc (NASDAQ:ETSY) with a Buy rating. The price target for Etsy is set to $130.00. For the second quarter, Etsy had an EPS of $0.51, compared to year-ago quarter EPS of $0.68. The current stock performance of Etsy shows a 52-week-high of $223.22 and a 52-week-low of $67.01. Moreover, at the end of the last trading period, the closing price was at $110.44.

With a Neutral rating, Goldman Sachs initiated coverage on Wayfair Inc (NYSE:W). The price target seems to have been set at $36.00 for Wayfair. Wayfair earned $1.94 in the second quarter, compared to $1.89 in the year-ago quarter. The stock has a 52-week-high of $197.77 and a 52-week-low of $30.00. At the end of the last trading period, Wayfair closed at $30.63.

For Third Harmonic Bio Inc (NASDAQ:THRD), Cowen & Co. initiated coverage, by setting the current rating at Outperform. For the first quarter, Third Harmonic Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $21.49 and a 52-week-low of $16.00. Third Harmonic Bio closed at $20.01 at the end of the last trading period.

See all analyst ratings initiations.

ARBKArgo Blockchain PLC

$2.971.02%

Overview

BMYBristol-Myers Squibb Co

$64.82-1.62%

CIFRCipher Digital Inc

$20.601.08%

CRBGCorebridge Financial Inc

$31.21-1.23%

ETSYEtsy Inc

$87.501.24%