Benzinga's Top Ratings Upgrades, Downgrades For March 8, 2023

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Upgrades

For Nordstrom Inc JWN, Argus Research upgraded the previous rating of Hold to Buy. In the fourth quarter, Nordstrom showed an EPS of $0.74, compared to $1.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.59 and a 52-week-low of $15.53. Nordstrom closed at $19.53 at the end of the last trading period.

According to B of A Securities, the prior rating for Atlantica Sustainable Infrastructure PLC AY was changed from Neutral to Buy. Atlantica Sustainable earned $0.03 in the fourth quarter, compared to $0.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $36.85 and a 52-week-low of $24.42. Atlantica Sustainable closed at $28.08 at the end of the last trading period.

According to B of A Securities, the prior rating for CMS Energy Corp CMS was changed from Neutral to Buy. For the fourth quarter, CMS Energy had an EPS of $0.60, compared to year-ago quarter EPS of $0.47. At the moment, the stock has a 52-week-high of $73.76 and a 52-week-low of $52.41. CMS Energy closed at $58.93 at the end of the last trading period.

According to JP Morgan, the prior rating for AGNC Investment Corp AGNC was changed from Neutral to Overweight. In the fourth quarter, AGNC Investment showed an EPS of $0.74, compared to $0.75 from the year-ago quarter. At the moment, the stock has a 52-week-high of $13.64 and a 52-week-low of $7.30. AGNC Investment closed at $10.59 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Truist Securities downgraded the previous rating for TCR2 Therapeutics Inc TCRR from Buy to Hold. In the third quarter, TCR2 Therapeutics showed an EPS of $0.79, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $3.88 and a 52-week-low of $0.82. At the end of the last trading period, TCR2 Therapeutics closed at $1.60.

According to JP Morgan, the prior rating for TDCX Inc TDCX was changed from Overweight to Neutral. In the fourth quarter, TDCX showed an EPS of $0.15, compared to $0.15 from the year-ago quarter. The stock has a 52-week-high of $15.38 and a 52-week-low of $6.52. At the end of the last trading period, TDCX closed at $13.09.

For WW International Inc WW, Craig-Hallum downgraded the previous rating of Hold to Sell. WW International earned $0.01 in the fourth quarter, compared to $0.35 in the year-ago quarter. The stock has a 52-week-high of $11.03 and a 52-week-low of $3.28. At the end of the last trading period, WW International closed at $6.93.

For Centene Corp CNC, Deutsche Bank downgraded the previous rating of Buy to Hold. For the fourth quarter, Centene had an EPS of $0.86, compared to year-ago quarter EPS of $1.01. The current stock performance of Centene shows a 52-week-high of $98.53 and a 52-week-low of $67.39. Moreover, at the end of the last trading period, the closing price was at $67.95.

According to Odeon Capital, the prior rating for Bank of America Corp BAC was changed from Buy to Hold. Bank of America earned $0.85 in the fourth quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $44.63 and a 52-week-low of $29.31. At the end of the last trading period, Bank of America closed at $33.00.

For Offerpad Solutions Inc OPAD, JP Morgan downgraded the previous rating of Overweight to Neutral. Offerpad Solutions earned $0.50 in the fourth quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Offerpad Solutions shows a 52-week-high of $6.37 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $0.57.

Canaccord Genuity downgraded the previous rating for Qualtrics International Inc XM from Buy to Hold. For the fourth quarter, Qualtrics International had an EPS of $0.03, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $30.95 and a 52-week-low of $9.32. Qualtrics International closed at $17.38 at the end of the last trading period.

According to HSBC, the prior rating for TDCX Inc TDCX was changed from Buy to Hold. In the fourth quarter, TDCX showed an EPS of $0.15, compared to $0.15 from the year-ago quarter. The stock has a 52-week-high of $15.38 and a 52-week-low of $6.52. At the end of the last trading period, TDCX closed at $13.09.

For Edwards Lifesciences Corp EW, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Edwards Lifesciences earned $0.64 in the fourth quarter, compared to $0.51 in the year-ago quarter. At the moment, the stock has a 52-week-high of $131.10 and a 52-week-low of $67.13. Edwards Lifesciences closed at $78.92 at the end of the last trading period.

According to Berenberg, the prior rating for Tesla Inc TSLA was changed from Buy to Hold. For the fourth quarter, Tesla had an EPS of $1.19, compared to year-ago quarter EPS of $0.85. The stock has a 52-week-high of $384.29 and a 52-week-low of $101.81. At the end of the last trading period, Tesla closed at $187.71.

B of A Securities downgraded the previous rating for Cara Therapeutics Inc CARA from Neutral to Underperform. Cara Therapeutics earned $0.56 in the fourth quarter, compared to $0.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.96 and a 52-week-low of $6.58. Cara Therapeutics closed at $6.69 at the end of the last trading period.

According to Keefe, Bruyette & Woods, the prior rating for Ares Commercial Real Estate Corp ACRE was changed from Outperform to Market Perform. For the fourth quarter, Ares Comml Real Est had an EPS of $0.44, compared to year-ago quarter EPS of $0.41. The current stock performance of Ares Comml Real Est shows a 52-week-high of $16.48 and a 52-week-low of $9.90. Moreover, at the end of the last trading period, the closing price was at $11.21.

See all analyst ratings downgrades.

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Initiations

PI Financial initiated coverage on Lithium Americas Corp LAC with a Buy rating. The price target for Lithium Americas is set to $40.00. For the third quarter, Lithium Americas had an EPS of $0.30, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $40.39 and a 52-week-low of $17.57. Lithium Americas closed at $23.27 at the end of the last trading period.

With a Buy rating, EF Hutton initiated coverage on inTest Corp INTT. The price target seems to have been set at $22.00 for inTest. inTest earned $0.34 in the fourth quarter, compared to $0.07 in the year-ago quarter. The current stock performance of inTest shows a 52-week-high of $15.98 and a 52-week-low of $6.07. Moreover, at the end of the last trading period, the closing price was at $15.19.

EF Hutton initiated coverage on Clene Inc CLNN with a Buy rating. The price target for Clene is set to $13.00. Clene earned $0.17 in the third quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $5.13 and a 52-week-low of $0.87. At the end of the last trading period, Clene closed at $1.27.

With an Outperform rating, Macquarie initiated coverage on Piedmont Lithium Inc PLL. The price target seems to have been set at $140.00 for Piedmont Lithium. The stock has a 52-week-high of $79.99 and a 52-week-low of $32.09. At the end of the last trading period, Piedmont Lithium closed at $57.14.

For NAPCO Security Technologies Inc NSSC, William Blair initiated coverage, by setting the current rating at Outperform. For the second quarter, NAPCO Security Techs had an EPS of $0.23, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $36.78 and a 52-week-low of $15.60. NAPCO Security Techs closed at $33.02 at the end of the last trading period.

Bernstein initiated coverage on Sabre Corp SABR with an Underperform rating. The price target for Sabre is set to $4.00. Sabre earned $0.36 in the fourth quarter, compared to $0.47 in the year-ago quarter. The current stock performance of Sabre shows a 52-week-high of $11.77 and a 52-week-low of $4.46. Moreover, at the end of the last trading period, the closing price was at $5.02.

With a Market Outperform rating, JMP Securities initiated coverage on Lantheus Holdings Inc LNTH. The price target seems to have been set at $120.00 for Lantheus Holdings. In the fourth quarter, Lantheus Holdings showed an EPS of $1.37, compared to $0.25 from the year-ago quarter. The current stock performance of Lantheus Holdings shows a 52-week-high of $87.47 and a 52-week-low of $47.46. Moreover, at the end of the last trading period, the closing price was at $72.37.

With an Overweight rating, JP Morgan initiated coverage on Scorpio Tankers Inc STNG. The price target seems to have been set at $87.00 for Scorpio Tankers. In the fourth quarter, Scorpio Tankers showed an EPS of $4.24, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $64.20 and a 52-week-low of $16.40. At the end of the last trading period, Scorpio Tankers closed at $60.41.

Goldman Sachs initiated coverage on Axon Enterprise Inc AXON with a Buy rating. The price target for Axon Enterprise is set to $263.00. In the fourth quarter, Axon Enterprise showed an EPS of $0.70, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $224.49 and a 52-week-low of $82.49. At the end of the last trading period, Axon Enterprise closed at $222.24.

With a Neutral rating, Cantor Fitzgerald initiated coverage on Karuna Therapeutics Inc KRTX. The price target seems to have been set at $214.00 for Karuna Therapeutics. In the fourth quarter, Karuna Therapeutics showed an EPS of $2.22, compared to $0.94 from the year-ago quarter. The current stock performance of Karuna Therapeutics shows a 52-week-high of $278.25 and a 52-week-low of $92.26. Moreover, at the end of the last trading period, the closing price was at $193.48.

See all analyst ratings initiations.

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