Benzinga's Top Ratings Upgrades, Downgrades For March 24, 2023

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Upgrades

Argus Research upgraded the previous rating for Cracker Barrel Old Country Store Inc CBRL from Hold to Buy. For the second quarter, Cracker Barrel Old had an EPS of $1.48, compared to year-ago quarter EPS of $1.71. At the moment, the stock has a 52-week-high of $126.26 and a 52-week-low of $81.92. Cracker Barrel Old closed at $112.41 at the end of the last trading period.

JP Morgan upgraded the previous rating for KB Home KBH from Underweight to Neutral. KB Home earned $1.45 in the first quarter, compared to $1.47 in the year-ago quarter. The current stock performance of KB Home shows a 52-week-high of $40.92 and a 52-week-low of $24.79. Moreover, at the end of the last trading period, the closing price was at $39.57.

For Genuine Parts Co GPC, Truist Securities upgraded the previous rating of Hold to Buy. Genuine Parts earned $2.05 in the fourth quarter, compared to $1.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $187.61 and a 52-week-low of $125.28. Genuine Parts closed at $154.29 at the end of the last trading period.

For First Horizon Corp FHN, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. First Horizon earned $0.51 in the fourth quarter, compared to $0.48 in the year-ago quarter. The current stock performance of First Horizon shows a 52-week-high of $24.90 and a 52-week-low of $13.40. Moreover, at the end of the last trading period, the closing price was at $15.78.

For Healthcare Services Group Inc HCSG, Jefferies upgraded the previous rating of Underperform to Hold. In the fourth quarter, Healthcare Services Group showed an EPS of $0.22, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $20.54 and a 52-week-low of $11.55. At the end of the last trading period, Healthcare Services Group closed at $12.37.

Jefferies upgraded the previous rating for Regeneron Pharmaceuticals Inc REGN from Hold to Buy. For the fourth quarter, Regeneron Pharmaceuticals had an EPS of $12.56, compared to year-ago quarter EPS of $23.42. At the moment, the stock has a 52-week-high of $812.69 and a 52-week-low of $538.27. Regeneron Pharmaceuticals closed at $802.16 at the end of the last trading period.

Needham upgraded the previous rating for Axonics Inc AXNX from Hold to Buy. Axonics earned $0.01 in the fourth quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.88 and a 52-week-low of $38.42. Axonics closed at $55.30 at the end of the last trading period.

For Regeneron Pharmaceuticals Inc REGN, Raymond James upgraded the previous rating of Underperform to Market Perform. In the fourth quarter, Regeneron Pharmaceuticals showed an EPS of $12.56, compared to $23.42 from the year-ago quarter. At the moment, the stock has a 52-week-high of $812.69 and a 52-week-low of $538.27. Regeneron Pharmaceuticals closed at $802.16 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Ouster Inc OUST, Chardan Capital downgraded the previous rating of Buy to Neutral. For the fourth quarter, Ouster had an EPS of $0.23, compared to year-ago quarter EPS of $0.17. The current stock performance of Ouster shows a 52-week-high of $5.00 and a 52-week-low of $0.77. Moreover, at the end of the last trading period, the closing price was at $0.90.

Bernstein downgraded the previous rating for XPeng Inc XPEV from Outperform to Market Perform. XPeng earned $0.37 in the fourth quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $35.35 and a 52-week-low of $6.18. At the end of the last trading period, XPeng closed at $9.91.

For Crane Holdings Co CR, UBS downgraded the previous rating of Buy to Neutral. Crane Holdings earned $2.13 in the fourth quarter, compared to $1.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $123.78 and a 52-week-low of $82.14. Crane Holdings closed at $109.08 at the end of the last trading period.

Berenberg downgraded the previous rating for Seagen Inc SGEN from Buy to Hold. Seagen earned $0.80 in the fourth quarter, compared to $0.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $202.86 and a 52-week-low of $105.50. Seagen closed at $198.10 at the end of the last trading period.

According to Truist Securities, the prior rating for Qualtrics International Inc XM was changed from Buy to Hold. Qualtrics International earned $0.03 in the fourth quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $30.28 and a 52-week-low of $9.32. At the end of the last trading period, Qualtrics International closed at $17.67.

For Coinbase Global Inc COIN, TD Cowen downgraded the previous rating of Market Perform to Underperform. In the fourth quarter, Coinbase Glb showed an EPS of $2.46, compared to $3.32 from the year-ago quarter. The current stock performance of Coinbase Glb shows a 52-week-high of $206.78 and a 52-week-low of $31.55. Moreover, at the end of the last trading period, the closing price was at $66.30.

For TCR2 Therapeutics Inc TCRR, Mizuho downgraded the previous rating of Buy to Neutral. TCR2 Therapeutics earned $1.56 in the fourth quarter, compared to $0.72 in the year-ago quarter. The current stock performance of TCR2 Therapeutics shows a 52-week-high of $3.87 and a 52-week-low of $0.82. Moreover, at the end of the last trading period, the closing price was at $1.42.

For Block Inc SQ, Atlantic Equities downgraded the previous rating of Overweight to Neutral. Block earned $0.22 in the fourth quarter, compared to $0.27 in the year-ago quarter. The current stock performance of Block shows a 52-week-high of $148.99 and a 52-week-low of $51.34. Moreover, at the end of the last trading period, the closing price was at $61.88.

See all analyst ratings downgrades.

Initiations

William Blair initiated coverage on MDxHealth SA MDXH with an Outperform rating.

With a Buy rating, Lake Street initiated coverage on Vital Farms Inc VITL. The price target seems to have been set at $22.00 for Vital Farms. Vital Farms earned $0.04 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Vital Farms shows a 52-week-high of $18.18 and a 52-week-low of $7.91. Moreover, at the end of the last trading period, the closing price was at $14.09.

JMP Securities initiated coverage on Farfetch Ltd FTCH with a Market Perform rating. For the fourth quarter, Farfetch had an EPS of $0.25, compared to year-ago quarter EPS of $0.03. The current stock performance of Farfetch shows a 52-week-high of $17.72 and a 52-week-low of $3.64. Moreover, at the end of the last trading period, the closing price was at $4.67.

With an Outperform rating, Oppenheimer initiated coverage on CalciMedica Inc CALC. The price target seems to have been set at $14.00 for CalciMedica. The current stock performance of CalciMedica shows a 52-week-high of $7.10 and a 52-week-low of $4.88. Moreover, at the end of the last trading period, the closing price was at $5.66.

With an Outperform rating, RBC Capital initiated coverage on Legend Biotech Corp LEGN. The price target seems to have been set at $73.00 for Legend Biotech. In the first quarter, Legend Biotech showed an EPS of $0.24, compared to $0.30 from the year-ago quarter. The current stock performance of Legend Biotech shows a 52-week-high of $57.72 and a 52-week-low of $33.05. Moreover, at the end of the last trading period, the closing price was at $43.82.

With an Outperform rating, RBC Capital initiated coverage on Societal CDMO Inc SCTL. The price target seems to have been set at $2.00 for Societal CDMO. Societal CDMO earned $0.07 in the fourth quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $2.00 and a 52-week-low of $0.62. At the end of the last trading period, Societal CDMO closed at $1.10.

With a Buy rating, Rosenblatt initiated coverage on RingCentral Inc RNG. The price target seems to have been set at $35.00 for RingCentral. In the fourth quarter, RingCentral showed an EPS of $0.60, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $128.33 and a 52-week-low of $27.01. RingCentral closed at $27.24 at the end of the last trading period.

Rosenblatt initiated coverage on 8x8 Inc EGHT with a Buy rating. The price target for 8x8 is set to $6.00. For the third quarter, 8x8 had an EPS of $0.07, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $13.46 and a 52-week-low of $2.88. 8x8 closed at $3.90 at the end of the last trading period.

Rosenblatt initiated coverage on Zoom Video Communications Inc ZM with a Neutral rating. The price target for Zoom Video Comms is set to $75.00. In the fourth quarter, Zoom Video Comms showed an EPS of $1.22, compared to $1.29 from the year-ago quarter. The current stock performance of Zoom Video Comms shows a 52-week-high of $127.36 and a 52-week-low of $63.56. Moreover, at the end of the last trading period, the closing price was at $69.19.

With a Buy rating, Rosenblatt initiated coverage on Five9 Inc FIVN. The price target seems to have been set at $85.00 for Five9. For the fourth quarter, Five9 had an EPS of $0.54, compared to year-ago quarter EPS of $0.42. The current stock performance of Five9 shows a 52-week-high of $121.00 and a 52-week-low of $46.63. Moreover, at the end of the last trading period, the closing price was at $62.66.

See all analyst ratings initiations.

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