Benzinga's Top Ratings Upgrades, Downgrades For March 9, 2023

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Upgrades

For HNI Corp HNI, Sidoti & Co. upgraded the previous rating of Neutral to Buy. For the fourth quarter, HNI had an EPS of $0.63, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $39.54 and a 52-week-low of $24.61. HNI closed at $26.82 at the end of the last trading period.

According to Credit Suisse, the prior rating for Nuvei Corp NVEI was changed from Neutral to Outperform. In the fourth quarter, Nuvei showed an EPS of $0.47, compared to $0.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.13 and a 52-week-low of $23.71. Nuvei closed at $36.41 at the end of the last trading period.

According to Citigroup, the prior rating for Exact Sciences Corp EXAS was changed from Neutral to Buy. For the fourth quarter, Exact Sciences had an EPS of $0.72, compared to year-ago quarter EPS of $1.28. The current stock performance of Exact Sciences shows a 52-week-high of $76.94 and a 52-week-low of $29.27. Moreover, at the end of the last trading period, the closing price was at $65.00.

For EnLink Midstream LLC ENLC, Citigroup upgraded the previous rating of Neutral to Buy. For the fourth quarter, EnLink Midstream had an EPS of $0.33, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $13.58 and a 52-week-low of $7.77. EnLink Midstream closed at $11.14 at the end of the last trading period.

According to Barclays, the prior rating for Hilton Worldwide Holdings Inc HLT was changed from Equal-Weight to Overweight. Hilton Worldwide Holdings earned $1.59 in the fourth quarter, compared to $0.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $167.99 and a 52-week-low of $108.41. Hilton Worldwide Holdings closed at $147.44 at the end of the last trading period.

According to B of A Securities, the prior rating for Vertex Inc VERX was changed from Underperform to Neutral. In the fourth quarter, Vertex showed an EPS of $0.08, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.30 and a 52-week-low of $9.44. Vertex closed at $18.57 at the end of the last trading period.

For VICI Properties Inc VICI, Keybanc upgraded the previous rating of Sector Weight to Overweight. VICI Props earned $0.51 in the fourth quarter, compared to $0.44 in the year-ago quarter. The current stock performance of VICI Props shows a 52-week-high of $35.69 and a 52-week-low of $26.42. Moreover, at the end of the last trading period, the closing price was at $33.76.

See all analyst ratings upgrades.

Downgrades

For loanDepot Inc LDI, B of A Securities downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, loanDepot showed an EPS of $0.35, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.47 and a 52-week-low of $1.25. loanDepot closed at $1.89 at the end of the last trading period.

CL King downgraded the previous rating for United Natural Foods Inc UNFI from Buy to Neutral. For the second quarter, United Natural Foods had an EPS of $0.78, compared to year-ago quarter EPS of $1.13. The stock has a 52-week-high of $49.56 and a 52-week-low of $26.60. At the end of the last trading period, United Natural Foods closed at $29.47.

Benchmark downgraded the previous rating for The Trade Desk Inc TTD from Hold to Sell. Trade Desk earned $0.38 in the fourth quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $76.75 and a 52-week-low of $39.00. Trade Desk closed at $58.22 at the end of the last trading period.

According to William Blair, the prior rating for loanDepot Inc LDI was changed from Outperform to Market Perform. loanDepot earned $0.35 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of loanDepot shows a 52-week-high of $4.47 and a 52-week-low of $1.25. Moreover, at the end of the last trading period, the closing price was at $1.89.

For Ranger Oil Corp ROCC, Truist Securities downgraded the previous rating of Buy to Hold. For the fourth quarter, Ranger Oil had an EPS of $4.95, compared to year-ago quarter EPS of $1.73. At the moment, the stock has a 52-week-high of $53.59 and a 52-week-low of $27.26. Ranger Oil closed at $42.03 at the end of the last trading period.

For Guardant Health Inc GH, Citigroup downgraded the previous rating of Buy to Neutral. For the fourth quarter, Guardant Health had an EPS of $1.17, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $77.72 and a 52-week-low of $24.63. At the end of the last trading period, Guardant Health closed at $28.88.

According to Credit Suisse, the prior rating for Fortune Brands Innovations Inc FBIN was changed from Neutral to Underperform. In the fourth quarter, Fortune Brands showed an EPS of $1.07, compared to $0.96 from the year-ago quarter. The stock has a 52-week-high of $67.71 and a 52-week-low of $49.51. At the end of the last trading period, Fortune Brands closed at $60.74.

Baird downgraded the previous rating for ABM Industries Inc ABM from Outperform to Neutral. ABM Indus earned $0.79 in the first quarter, compared to $0.94 in the year-ago quarter. The current stock performance of ABM Indus shows a 52-week-high of $54.00 and a 52-week-low of $37.68. Moreover, at the end of the last trading period, the closing price was at $47.50.

For Highwoods Properties Inc HIW, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Highwoods Props earned $0.96 in the fourth quarter, compared to $1.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.01 and a 52-week-low of $24.51. Highwoods Props closed at $26.21 at the end of the last trading period.

For TCR2 Therapeutics Inc TCRR, Jefferies downgraded the previous rating of Buy to Underperform. TCR2 Therapeutics earned $0.79 in the third quarter, compared to $0.69 in the year-ago quarter. The current stock performance of TCR2 Therapeutics shows a 52-week-high of $3.88 and a 52-week-low of $0.82. Moreover, at the end of the last trading period, the closing price was at $1.55.

For Etsy Inc ETSY, Jefferies downgraded the previous rating of Buy to Underperform. For the fourth quarter, Etsy had an EPS of $0.77, compared to year-ago quarter EPS of $1.11. The current stock performance of Etsy shows a 52-week-high of $151.50 and a 52-week-low of $67.01. Moreover, at the end of the last trading period, the closing price was at $113.18.

JP Morgan downgraded the previous rating for Qualtrics International Inc XM from Overweight to Neutral. In the fourth quarter, Qualtrics International showed an EPS of $0.03, compared to $0.07 from the year-ago quarter. The stock has a 52-week-high of $30.95 and a 52-week-low of $9.32. At the end of the last trading period, Qualtrics International closed at $17.24.

For Diversey Holdings Ltd DSEY, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the third quarter, Diversey Hldgs showed an EPS of $0.09, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $10.68 and a 52-week-low of $3.95. At the end of the last trading period, Diversey Hldgs closed at $8.18.

Barclays downgraded the previous rating for Hyatt Hotels Corp H from Overweight to Equal-Weight. Hyatt Hotels earned $2.55 in the fourth quarter, compared to $2.78 in the year-ago quarter. The current stock performance of Hyatt Hotels shows a 52-week-high of $125.07 and a 52-week-low of $70.12. Moreover, at the end of the last trading period, the closing price was at $119.82.

According to Itau BBA, the prior rating for Ternium SA TX was changed from Outperform to Market Perform. For the fourth quarter, Ternium had an EPS of $0.20, compared to year-ago quarter EPS of $5.08. At the moment, the stock has a 52-week-high of $50.36 and a 52-week-low of $26.01. Ternium closed at $45.02 at the end of the last trading period.

Keybanc downgraded the previous rating for Gaming and Leisure Properties Inc GLPI from Overweight to Sector Weight. For the fourth quarter, Gaming and Leisure Props had an EPS of $0.89, compared to year-ago quarter EPS of $0.85. The current stock performance of Gaming and Leisure Props shows a 52-week-high of $55.13 and a 52-week-low of $41.97. Moreover, at the end of the last trading period, the closing price was at $54.34.

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See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on Freightos Ltd CRGO. The price target seems to have been set at $10.00 for Freightos. The current stock performance of Freightos shows a 52-week-high of $31.15 and a 52-week-low of $3.95. Moreover, at the end of the last trading period, the closing price was at $4.14.

Needham initiated coverage on Bausch & Lomb Corp BLCO with a Hold rating. For the fourth quarter, Bausch & Lomb had an EPS of $0.23, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $20.20 and a 52-week-low of $12.20. At the end of the last trading period, Bausch & Lomb closed at $16.74.

BTIG initiated coverage on MoonLake Immunotherapeutics MLTX with a Buy rating. The price target for MoonLake is set to $36.00. The stock has a 52-week-high of $25.32 and a 52-week-low of $4.25. At the end of the last trading period, MoonLake closed at $23.70.

Wells Fargo initiated coverage on Exelixis Inc EXEL with an Overweight rating. The price target for Exelixis is set to $23.00. For the fourth quarter, Exelixis had an EPS of $0.03, compared to year-ago quarter EPS of $0.35. The current stock performance of Exelixis shows a 52-week-high of $23.40 and a 52-week-low of $14.87. Moreover, at the end of the last trading period, the closing price was at $16.36.

With a Buy rating, EF Hutton initiated coverage on Unicycive Therapeutics Inc UNCY. The price target seems to have been set at $5.00 for Unicycive Therapeutics. Unicycive Therapeutics earned $0.37 in the third quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.16 and a 52-week-low of $0.40. Unicycive Therapeutics closed at $1.62 at the end of the last trading period.

With an Overweight rating, Barclays initiated coverage on Nurix Therapeutics Inc NRIX. The price target seems to have been set at $20.00 for Nurix Therapeutics. In the fourth quarter, Nurix Therapeutics showed an EPS of $0.87, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $19.91 and a 52-week-low of $7.52. At the end of the last trading period, Nurix Therapeutics closed at $9.05.

With a Buy rating, DA Davidson initiated coverage on Vtex VTEX. The price target seems to have been set at $5.00 for Vtex. For the fourth quarter, Vtex had an EPS of $0.00, compared to year-ago quarter EPS of $0.06. The current stock performance of Vtex shows a 52-week-high of $7.56 and a 52-week-low of $2.66. Moreover, at the end of the last trading period, the closing price was at $3.78.

With a Neutral rating, DA Davidson initiated coverage on BigCommerce Holdings Inc BIGC. The price target seems to have been set at $11.00 for BigCommerce Holdings. BigCommerce Holdings earned $0.10 in the fourth quarter, compared to $0.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.10 and a 52-week-low of $7.75. BigCommerce Holdings closed at $9.46 at the end of the last trading period.

UBS initiated coverage on CVR Energy Inc CVI with a Neutral rating. The price target for CVR Energy is set to $36.00. For the fourth quarter, CVR Energy had an EPS of $1.68, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $43.61 and a 52-week-low of $18.48. CVR Energy closed at $32.07 at the end of the last trading period.

UBS initiated coverage on HF Sinclair Corp DINO with a Neutral rating. The price target for HF Sinclair is set to $58.00. In the fourth quarter, HF Sinclair showed an EPS of $2.97, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.19 and a 52-week-low of $34.17. HF Sinclair closed at $50.29 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on PBF Energy Inc PBF. The price target seems to have been set at $53.00 for PBF Energy. PBF Energy earned $4.41 in the fourth quarter, compared to $1.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.00 and a 52-week-low of $19.23. PBF Energy closed at $45.46 at the end of the last trading period.

UBS initiated coverage on Delek US Holdings Inc DK with a Neutral rating. The price target for Delek US Hldgs is set to $29.00. For the fourth quarter, Delek US Hldgs had an EPS of $0.88, compared to year-ago quarter EPS of $0.61. The stock has a 52-week-high of $35.45 and a 52-week-low of $17.70. At the end of the last trading period, Delek US Hldgs closed at $24.54.

With a Neutral rating, UBS initiated coverage on Par Pacific Holdings Inc PARR. The price target seems to have been set at $34.00 for Par Pacific Hldgs. In the fourth quarter, Par Pacific Hldgs showed an EPS of $2.20, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.89 and a 52-week-low of $11.66. Par Pacific Hldgs closed at $28.57 at the end of the last trading period.

With a Buy rating, UBS initiated coverage on Marathon Petroleum Corp MPC. The price target seems to have been set at $165.00 for Marathon Petroleum. In the fourth quarter, Marathon Petroleum showed an EPS of $6.65, compared to $1.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $136.46 and a 52-week-low of $73.17. Marathon Petroleum closed at $127.87 at the end of the last trading period.

UBS initiated coverage on Valero Energy Corp VLO with a Buy rating. The price target for Valero Energy is set to $176.00. Valero Energy earned $8.45 in the fourth quarter, compared to $2.47 in the year-ago quarter. The stock has a 52-week-high of $160.16 and a 52-week-low of $83.13. At the end of the last trading period, Valero Energy closed at $132.77.

Stifel initiated coverage on CSG Systems International Inc CSGS with a Hold rating. The price target for CSG Systems Intl is set to $60.00. For the fourth quarter, CSG Systems Intl had an EPS of $0.84, compared to year-ago quarter EPS of $0.83. The stock has a 52-week-high of $66.58 and a 52-week-low of $52.42. At the end of the last trading period, CSG Systems Intl closed at $55.87.

See all analyst ratings initiations.

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