Benzinga's Top Ratings Upgrades, Downgrades For March 13, 2023

Upgrades

According to Alembic Global, the prior rating for Methanex Corp (NASDAQ:MEOH) was changed from Neutral to Overweight. In the fourth quarter, Methanex showed an EPS of $0.73, compared to $2.43 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 $47.87.

According to DA Davidson, the prior rating for The Joint Corp (NASDAQ:JYNT) was changed from Underperform to Neutral. Joint earned $0.04 in the fourth quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $40.22 and a 52-week-low of $12.85. Joint closed at $16.50 at the end of the last trading period.

DA Davidson upgraded the previous rating for Prosperity Bancshares Inc (NYSE:PB) from Neutral to Buy. Prosperity Bancshares earned $1.51 in the fourth quarter, compared to $1.38 in the year-ago quarter. The stock has a 52-week-high of $78.76 and a 52-week-low of $63.49. At the end of the last trading period, Prosperity Bancshares closed at $64.11.

According to Baird, the prior rating for Truist Financial Corp (NYSE:TFC) was changed from Neutral to Outperform. In the fourth quarter, Truist Finl showed an EPS of $1.30, compared to $1.38 from the year-ago quarter. The stock has a 52-week-high of $61.10 and a 52-week-low of $37.85. At the end of the last trading period, Truist Finl closed at $38.84.

According to TD Cowen, the prior rating for Moderna Inc (NASDAQ:MRNA) was changed from Market Perform to Outperform. Moderna earned $3.61 in the fourth quarter, compared to $11.29 in the year-ago quarter. The stock has a 52-week-high of $217.25 and a 52-week-low of $115.03. At the end of the last trading period, Moderna closed at $138.29.

Citigroup upgraded the previous rating for Charles Schwab Corp (NYSE:SCHW) from Neutral to Buy. Charles Schwab earned $1.07 in the fourth quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $93.16 and a 52-week-low of $57.31. Charles Schwab closed at $58.70 at the end of the last trading period.

Wells Fargo upgraded the previous rating for Eli Lilly and Co (NYSE:LLY) from Equal-Weight to Overweight. Eli Lilly earned $2.09 in the fourth quarter, compared to $2.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of $384.44 and a 52-week-low of $262.84. Eli Lilly closed at $315.02 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Edgio Inc (NASDAQ:EGIO), Craig-Hallum downgraded the previous rating of Buy to Hold. In the third quarter, Edgio showed an EPS of $0.08, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.88 and a 52-week-low of $0.79. Edgio closed at $1.03 at the end of the last trading period.

According to Wells Fargo, the prior rating for Signature Bank (NASDAQ:SBNY) was changed from to Overweight. Signature Bank earned $4.65 in the fourth quarter, compared to $4.34 in the year-ago quarter. The stock has a 52-week-high of $328.88 and a 52-week-low of $61.37. At the end of the last trading period, Signature Bank closed at $70.00.

According to Wells Fargo, the prior rating for SVB Financial Group (NASDAQ:SIVB) was changed from to Overweight. SVB Finl Gr earned $4.62 in the fourth quarter, compared to $6.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $597.16 and a 52-week-low of $33.40. SVB Finl Gr closed at $106.04 at the end of the last trading period.

For KeyCorp (NYSE:KEY), Odeon Capital downgraded the previous rating of Buy to Hold. In the fourth quarter, KeyCorp showed an EPS of $0.38, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.71 and a 52-week-low of $14.96. KeyCorp closed at $15.66 at the end of the last trading period.

TD Cowen downgraded the previous rating for Allbirds Inc (NASDAQ:BIRD) from Outperform to Market Perform. Allbirds earned $0.17 in the fourth quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.85 and a 52-week-low of $1.20. Allbirds closed at $1.25 at the end of the last trading period.

UBS downgraded the previous rating for United Natural Foods Inc (NYSE:UNFI) from Buy to Neutral. United Natural Foods earned $0.78 in the second quarter, compared to $1.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.56 and a 52-week-low of $26.60. United Natural Foods closed at $27.71 at the end of the last trading period.

For Under Armour Inc (NYSE:UAA), JP Morgan downgraded the previous rating of Overweight to Neutral. For the third quarter, Under Armour had an EPS of $0.16, compared to year-ago quarter EPS of $0.16. At the moment, the stock has a 52-week-high of $18.18 and a 52-week-low of $6.38. Under Armour closed at $8.91 at the end of the last trading period.

According to Wolfe Research, the prior rating for Tesla Inc (NASDAQ:TSLA) was changed from Outperform to Peer Perform. In the fourth quarter, Tesla showed an EPS of $1.19, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $384.15 and a 52-week-low of $101.81. At the end of the last trading period, Tesla closed at $173.44.

See all analyst ratings downgrades.

Initiations

EF Hutton initiated coverage on Ocean Biomedical Inc (NASDAQ:OCEA) with a Buy rating. The price target for Ocean Biomedical is set to $10.00. At the moment, the stock has a 52-week-high of $26.60 and a 52-week-low of $3.06. Ocean Biomedical closed at $8.00 at the end of the last trading period.

See all analyst ratings initiations.

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