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

Upgrades

For Avadel Pharmaceuticals PLC (NASDAQ:AVDL), Jefferies upgraded the previous rating of Hold to Buy. In the third quarter, Avadel Pharmaceuticals showed an EPS of $0.33, compared to $0.38 from the year-ago quarter. The stock has a 52-week-high of $9.68 and a 52-week-low of $1.05. At the end of the last trading period, Avadel Pharmaceuticals closed at $7.84.

According to Baird, the prior rating for The Cooper Companies Inc (NYSE:COO) was changed from Neutral to Outperform. Cooper Companies earned $3.19 in the third quarter, compared to $3.41 in the year-ago quarter. The stock has a 52-week-high of $430.67 and a 52-week-low of $244.22. At the end of the last trading period, Cooper Companies closed at $307.44.

Cantor Fitzgerald upgraded the previous rating for SoundHound AI Inc (NASDAQ:SOUN) from Neutral to Overweight. At the moment, the stock has a 52-week-high of $18.14 and a 52-week-low of $1.22. SoundHound AI closed at $1.32 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

JonesTrading downgraded the previous rating for PennyMac Mortgage Investment Trust (NYSE:PMT) from Buy to Hold. PennyMac Mortgage earned $0.01 in the third quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $18.67 and a 52-week-low of $10.78. At the end of the last trading period, PennyMac Mortgage closed at $15.08.

According to B of A Securities, the prior rating for Carvana Co (NYSE:CVNA) was changed from Buy to Neutral. Carvana earned $2.67 in the third quarter, compared to $0.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $296.70 and a 52-week-low of $6.50. Carvana closed at $7.34 at the end of the last trading period.

RBC Capital downgraded the previous rating for Methanex Corp (NASDAQ:MEOH) from Outperform to Sector Perform. In the third quarter, Methanex showed an EPS of $0.69, compared to $1.29 from the year-ago quarter. The stock has a 52-week-high of $56.79 and a 52-week-low of $28.73. At the end of the last trading period, Methanex closed at $40.38.

Piper Sandler downgraded the previous rating for Nutrien Ltd (NYSE:NTR) from Overweight to Neutral. Nutrien earned $2.51 in the third quarter, compared to $1.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $117.25 and a 52-week-low of $65.84. Nutrien closed at $81.64 at the end of the last trading period.

For MillerKnoll Inc (NASDAQ:MLKN), Benchmark downgraded the previous rating of Buy to Hold. In the first quarter, MillerKnoll showed an EPS of $0.44, compared to $0.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.69 and a 52-week-low of $15.54. MillerKnoll closed at $22.37 at the end of the last trading period.

According to Benchmark, the prior rating for Steelcase Inc (NYSE:SCS) was changed from Buy to Hold. In the second quarter, Steelcase showed an EPS of $0.21, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.93 and a 52-week-low of $6.52. Steelcase closed at $8.22 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

B of A Securities initiated coverage on RXO Inc (NYSE:RXO) with a Buy rating. The price target for RXO is set to $22.00. The stock has a 52-week-high of $20.86 and a 52-week-low of $15.17. At the end of the last trading period, RXO closed at $18.22.

For Hyatt Hotels Corp (NYSE:H), Redburn Partners initiated coverage, by setting the current rating at Buy. In the third quarter, Hyatt Hotels showed an EPS of $0.64, compared to $2.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $108.10 and a 52-week-low of $70.12. Hyatt Hotels closed at $98.06 at the end of the last trading period.

With a Buy rating, Rosenblatt initiated coverage on Bakkt Holdings Inc (NYSE:BKKT). The price target seems to have been set at $2.20 for Bakkt Hldgs. The current stock performance of Bakkt Hldgs shows a 52-week-high of $18.32 and a 52-week-low of $1.59. Moreover, at the end of the last trading period, the closing price was at $1.69.

See all analyst ratings initiations.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.