Benzinga's Top Ratings Upgrades, Downgrades For February 23, 2023

Upgrades

According to B of A Securities, the prior rating for TPI Composites Inc TPIC was changed from Underperform to Buy. For the fourth quarter, TPI Composites had an EPS of $1.38, compared to year-ago quarter EPS of $2.39. The current stock performance of TPI Composites shows a 52-week-high of $25.05 and a 52-week-low of $8.46. Moreover, at the end of the last trading period, the closing price was at $11.93.

According to Goldman Sachs, the prior rating for NVIDIA Corp NVDA was changed from Neutral to Buy. For the fourth quarter, NVIDIA had an EPS of $0.88, compared to year-ago quarter EPS of $1.32. At the moment, the stock has a 52-week-high of $289.46 and a 52-week-low of $108.13. NVIDIA closed at $207.54 at the end of the last trading period.

For Stantec Inc STN, RBC Capital upgraded the previous rating of Sector Perform to Outperform. For the fourth quarter, Stantec had an EPS of $0.61, compared to year-ago quarter EPS of $0.45. The current stock performance of Stantec shows a 52-week-high of $53.80 and a 52-week-low of $40.92. Moreover, at the end of the last trading period, the closing price was at $52.38.

According to Guggenheim, the prior rating for Charles River Laboratories International Inc CRL was changed from Neutral to Buy. For the fourth quarter, Charles River had an EPS of $2.98, compared to year-ago quarter EPS of $2.49. The current stock performance of Charles River shows a 52-week-high of $308.15 and a 52-week-low of $181.36. Moreover, at the end of the last trading period, the closing price was at $219.09.

According to Credit Suisse, the prior rating for Cognex Corp CGNX was changed from Underperform to Neutral. Cognex earned $0.27 in the fourth quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $80.30 and a 52-week-low of $40.20. At the end of the last trading period, Cognex closed at $46.82.

According to SVB Leerink, the prior rating for Teladoc Health Inc TDOC was changed from Market Perform to Outperform. In the fourth quarter, Teladoc Health showed an EPS of $0.23, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $79.90 and a 52-week-low of $21.60. At the end of the last trading period, Teladoc Health closed at $29.43.

For Dun & Bradstreet Holdings Inc DNB, Deutsche Bank upgraded the previous rating of Hold to Buy. For the fourth quarter, Dun & Bradstreet Hldgs had an EPS of $0.32, compared to year-ago quarter EPS of $0.33. The stock has a 52-week-high of $18.57 and a 52-week-low of $11.23. At the end of the last trading period, Dun & Bradstreet Hldgs closed at $12.20.

According to Citigroup, the prior rating for DT Midstream Inc DTM was changed from Sell to Neutral. DT Midstream earned $0.93 in the fourth quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $61.12 and a 52-week-low of $45.58. At the end of the last trading period, DT Midstream closed at $50.36.

For Roper Technologies Inc ROP, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the fourth quarter, Roper Technologies had an EPS of $3.92, compared to year-ago quarter EPS of $3.73. At the moment, the stock has a 52-week-high of $488.23 and a 52-week-low of $356.21. Roper Technologies closed at $421.60 at the end of the last trading period.

Wolfe Research upgraded the previous rating for DocuSign Inc DOCU from Underperform to Peer Perform. In the third quarter, DocuSign showed an EPS of $0.57, compared to $0.58 from the year-ago quarter. At the moment, the stock has a 52-week-high of $123.50 and a 52-week-low of $39.57. DocuSign closed at $60.46 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Intel Corp INTC was changed from Underweight to Equal-Weight. In the fourth quarter, Intel showed an EPS of $0.10, compared to $1.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.51 and a 52-week-low of $24.59. Intel closed at $25.47 at the end of the last trading period.

According to Credit Suisse, the prior rating for Cinemark Holdings Inc CNK was changed from Underperform to Neutral. In the third quarter, Cinemark Hldgs showed an EPS of $0.20, compared to $0.65 from the year-ago quarter. The current stock performance of Cinemark Hldgs shows a 52-week-high of $19.76 and a 52-week-low of $8.28. Moreover, at the end of the last trading period, the closing price was at $12.77.

Piper Sandler upgraded the previous rating for Wix.com Ltd WIX from Underweight to Neutral. For the fourth quarter, Wix.com had an EPS of $0.61, compared to year-ago quarter EPS of $0.37. The current stock performance of Wix.com shows a 52-week-high of $111.35 and a 52-week-low of $53.12. Moreover, at the end of the last trading period, the closing price was at $90.90.

See all analyst ratings upgrades.

Downgrades

For Graphite Bio Inc GRPH, B of A Securities downgraded the previous rating of Neutral to Underperform. In the third quarter, Graphite Bio showed an EPS of $0.45, compared to $0.28 from the year-ago quarter. The current stock performance of Graphite Bio shows a 52-week-high of $9.74 and a 52-week-low of $1.59. Moreover, at the end of the last trading period, the closing price was at $2.20.

For Graphite Bio Inc GRPH, Cantor Fitzgerald downgraded the previous rating of Overweight to Neutral. For the third quarter, Graphite Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.28. The current stock performance of Graphite Bio shows a 52-week-high of $9.74 and a 52-week-low of $1.59. Moreover, at the end of the last trading period, the closing price was at $2.20.

According to Exane BNP Paribas, the prior rating for Lucid Group Inc LCID was changed from Outperform to Neutral. For the fourth quarter, Lucid Gr had an EPS of $0.28, compared to year-ago quarter EPS of $0.64. The current stock performance of Lucid Gr shows a 52-week-high of $29.05 and a 52-week-low of $6.09. Moreover, at the end of the last trading period, the closing price was at $9.98.

UBS downgraded the previous rating for AppLovin Corp APP from Buy to Neutral. For the fourth quarter, AppLovin had an EPS of $0.21, compared to year-ago quarter EPS of $0.08. The current stock performance of AppLovin shows a 52-week-high of $62.26 and a 52-week-low of $9.14. Moreover, at the end of the last trading period, the closing price was at $15.17.

According to BTIG, the prior rating for Wingstop Inc WING was changed from Buy to Neutral. For the fourth quarter, Wingstop had an EPS of $0.60, compared to year-ago quarter EPS of $0.24. The current stock performance of Wingstop shows a 52-week-high of $193.74 and a 52-week-low of $67.67. Moreover, at the end of the last trading period, the closing price was at $179.00.

For Unity Software Inc U, Oppenheimer downgraded the previous rating of Outperform to Perform. Unity Software earned $0.04 in the fourth quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $109.99 and a 52-week-low of $21.22. Unity Software closed at $37.85 at the end of the last trading period.

For Veeva Systems Inc VEEV, Guggenheim downgraded the previous rating of Buy to Neutral. Veeva Sys earned $1.13 in the third quarter, compared to $0.97 in the year-ago quarter. The stock has a 52-week-high of $234.89 and a 52-week-low of $151.02. At the end of the last trading period, Veeva Sys closed at $171.03.

For Lucid Group Inc LCID, B of A Securities downgraded the previous rating of Buy to Neutral. Lucid Gr earned $0.28 in the fourth quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Lucid Gr shows a 52-week-high of $29.05 and a 52-week-low of $6.09. Moreover, at the end of the last trading period, the closing price was at $9.98.

According to Cowen & Co., the prior rating for Graphite Bio Inc GRPH was changed from Outperform to Market Perform. For the third quarter, Graphite Bio had an EPS of $0.45, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $9.74 and a 52-week-low of $1.59. Graphite Bio closed at $2.20 at the end of the last trading period.

According to Raymond James, the prior rating for Jounce Therapeutics Inc JNCE was changed from Outperform to Market Perform. Jounce Therapeutics earned $0.60 in the third quarter, compared to $0.59 in the year-ago quarter. The stock has a 52-week-high of $7.94 and a 52-week-low of $0.58. At the end of the last trading period, Jounce Therapeutics closed at $0.99.

For AMETEK Inc AME, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. AMETEK earned $1.52 in the fourth quarter, compared to $1.37 in the year-ago quarter. The current stock performance of AMETEK shows a 52-week-high of $148.06 and a 52-week-low of $106.17. Moreover, at the end of the last trading period, the closing price was at $142.34.

According to JP Morgan, the prior rating for Oak Street Health Inc OSH was changed from Overweight to Neutral. In the third quarter, Oak Street Health showed an EPS of $0.56, compared to $0.49 from the year-ago quarter. The stock has a 52-week-high of $35.65 and a 52-week-low of $13.29. At the end of the last trading period, Oak Street Health closed at $35.59.

For Alignment Healthcare Inc ALHC, JP Morgan downgraded the previous rating of Overweight to Neutral. In the third quarter, Alignment Healthcare showed an EPS of $0.21, compared to $0.26 from the year-ago quarter. The current stock performance of Alignment Healthcare shows a 52-week-high of $19.17 and a 52-week-low of $7.29. Moreover, at the end of the last trading period, the closing price was at $10.16.

JP Morgan downgraded the previous rating for Centene Corp CNC from Overweight to Neutral. Centene earned $0.86 in the fourth quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $98.53 and a 52-week-low of $68.73. At the end of the last trading period, Centene closed at $72.28.

JMP Securities downgraded the previous rating for INDUS Realty Trust Inc INDT from Market Outperform to Market Perform. For the third quarter, INDUS Realty Trust had an EPS of $0.55, compared to year-ago quarter EPS of $0.49. At the moment, the stock has a 52-week-high of $78.91 and a 52-week-low of $48.33. INDUS Realty Trust closed at $66.17 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Cerevel Therapeutics Holdings Inc CERE from Overweight to Equal-Weight. Cerevel Therapeutics Hldg earned $0.59 in the fourth quarter, compared to $0.40 in the year-ago quarter. The current stock performance of Cerevel Therapeutics Hldg shows a 52-week-high of $41.46 and a 52-week-low of $19.86. Moreover, at the end of the last trading period, the closing price was at $26.73.

Keybanc downgraded the previous rating for Commercial Metals Co CMC from Overweight to Sector Weight. Commercial Metals earned $2.24 in the first quarter, compared to $1.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.09 and a 52-week-low of $31.47. Commercial Metals closed at $55.59 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Truist Securities initiated coverage on CarMax Inc KMX with a Hold rating. The price target for CarMax is set to $66.00. For the third quarter, CarMax had an EPS of $0.24, compared to year-ago quarter EPS of $1.53. At the moment, the stock has a 52-week-high of $109.54 and a 52-week-low of $52.10. CarMax closed at $69.49 at the end of the last trading period.

With an Outperform rating, BMO Capital initiated coverage on Aris Water Solutions Inc ARIS. The price target seems to have been set at $6.50 for Aris Water Solutions. The current stock performance of Aris Water Solutions shows a 52-week-high of $23.58 and a 52-week-low of $11.75. Moreover, at the end of the last trading period, the closing price was at $13.69.

With a Buy rating, Needham initiated coverage on Clear Secure Inc YOU. The price target seems to have been set at $40.00 for Clear Secure. Clear Secure earned $0.05 in the third quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $35.00 and a 52-week-low of $18.79. Clear Secure closed at $28.17 at the end of the last trading period.

With a Buy rating, Loop Capital initiated coverage on Walgreens Boots Alliance Inc WBA. The price target seems to have been set at $45.00 for Walgreens Boots Alliance. Walgreens Boots Alliance earned $1.16 in the first quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Walgreens Boots Alliance shows a 52-week-high of $48.97 and a 52-week-low of $30.39. Moreover, at the end of the last trading period, the closing price was at $36.08.

See all analyst ratings initiations.