Benzinga's Top Ratings Upgrades, Downgrades For March 28, 2023

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Upgrades

For Coherus BioSciences Inc CHRS, UBS upgraded the previous rating of Neutral to Buy. Coherus BioSciences earned $0.60 in the fourth quarter, compared to $0.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.03 and a 52-week-low of $5.59. Coherus BioSciences closed at $6.00 at the end of the last trading period.

For FactSet Research Systems Inc FDS, Redburn Partners upgraded the previous rating of Sell to Neutral. In the second quarter, FactSet Research Systems showed an EPS of $3.80, compared to $3.27 from the year-ago quarter. The current stock performance of FactSet Research Systems shows a 52-week-high of $473.90 and a 52-week-low of $347.17. Moreover, at the end of the last trading period, the closing price was at $394.41.

For Elevance Health Inc ELV, RBC Capital upgraded the previous rating of Sector Perform to Outperform. Elevance Health earned $5.23 in the fourth quarter, compared to $5.14 in the year-ago quarter. The current stock performance of Elevance Health shows a 52-week-high of $549.50 and a 52-week-low of $440.31. Moreover, at the end of the last trading period, the closing price was at $463.97.

Seaport Global upgraded the previous rating for Genesco Inc GCO from Neutral to Buy. For the fourth quarter, Genesco had an EPS of $3.06, compared to year-ago quarter EPS of $3.48. At the moment, the stock has a 52-week-high of $71.36 and a 52-week-low of $33.54. Genesco closed at $33.72 at the end of the last trading period.

For Encore Capital Group Inc ECPG, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. Encore Capital Gr earned $3.11 in the fourth quarter, compared to $2.53 in the year-ago quarter. The current stock performance of Encore Capital Gr shows a 52-week-high of $72.66 and a 52-week-low of $43.65. Moreover, at the end of the last trading period, the closing price was at $46.85.

According to Truist Securities, the prior rating for Array Technologies Inc ARRY was changed from Hold to Buy. In the fourth quarter, Array Technologies showed an EPS of $0.10, compared to $0.06 from the year-ago quarter. The current stock performance of Array Technologies shows a 52-week-high of $24.59 and a 52-week-low of $5.45. Moreover, at the end of the last trading period, the closing price was at $19.09.

B of A Securities upgraded the previous rating for Paramount Global PARA from Neutral to Buy. For the fourth quarter, Paramount Global had an EPS of $0.08, compared to year-ago quarter EPS of $0.26. The current stock performance of Paramount Global shows a 52-week-high of $39.21 and a 52-week-low of $15.29. Moreover, at the end of the last trading period, the closing price was at $20.76.

Raymond James upgraded the previous rating for Ciena Corp CIEN from Outperform to Strong Buy. In the first quarter, Ciena showed an EPS of $0.64, compared to $0.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $61.97 and a 52-week-low of $38.35. Ciena closed at $48.61 at the end of the last trading period.

TD Cowen upgraded the previous rating for Occidental Petroleum Corp OXY from Market Perform to Outperform. In the fourth quarter, Occidental Petroleum showed an EPS of $1.61, compared to $1.48 from the year-ago quarter. The stock has a 52-week-high of $77.12 and a 52-week-low of $51.54. At the end of the last trading period, Occidental Petroleum closed at $59.65.

According to Compass Point, the prior rating for Easterly Government Properties Inc DEA was changed from Neutral to Buy. For the fourth quarter, Easterly Government Props had an EPS of $0.29, compared to year-ago quarter EPS of $0.32. The current stock performance of Easterly Government Props shows a 52-week-high of $21.46 and a 52-week-low of $12.27. Moreover, at the end of the last trading period, the closing price was at $12.66.

For Carnival Corp CCL, Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. In the first quarter, Carnival showed an EPS of $0.55, compared to $1.66 from the year-ago quarter. The current stock performance of Carnival shows a 52-week-high of $21.49 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $8.79.

Citigroup upgraded the previous rating for PagSeguro Digital Ltd PAGS from Neutral to Buy. For the fourth quarter, PagSeguro Digital had an EPS of $0.24, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $21.94 and a 52-week-low of $7.51. PagSeguro Digital closed at $8.00 at the end of the last trading period.

According to William Blair, the prior rating for Parsons Corp PSN was changed from Market Perform to Outperform. Parsons Corp earned $0.51 in the fourth quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $50.06 and a 52-week-low of $34.48. At the end of the last trading period, Parsons Corp closed at $43.11.

See all analyst ratings upgrades.

Downgrades

According to Maxim Group, the prior rating for Venus Concept Inc VERO was changed from Buy to Hold. In the fourth quarter, Venus Concept showed an EPS of $0.14, compared to $0.08 from the year-ago quarter. The current stock performance of Venus Concept shows a 52-week-high of $1.61 and a 52-week-low of $0.15. Moreover, at the end of the last trading period, the closing price was at $0.18.

According to Chardan Capital, the prior rating for Applied Molecular Transport Inc AMTI was changed from Buy to Neutral. Applied Molecular earned $0.58 in the fourth quarter, compared to $0.78 in the year-ago quarter. The current stock performance of Applied Molecular shows a 52-week-high of $7.98 and a 52-week-low of $0.33. Moreover, at the end of the last trading period, the closing price was at $0.35.

For Williams Companies Inc WMB, Truist Securities downgraded the previous rating of Buy to Hold. In the fourth quarter, Williams Companies showed an EPS of $0.53, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.95 and a 52-week-low of $27.80. Williams Companies closed at $28.93 at the end of the last trading period.

For Fox Corp FOXA, B of A Securities downgraded the previous rating of Buy to Neutral. Fox earned $0.48 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $41.65 and a 52-week-low of $28.02. Fox closed at $33.63 at the end of the last trading period.

According to B of A Securities, the prior rating for iHeartMedia Inc IHRT was changed from Neutral to Underperform. iHeartMedia earned $0.54 in the fourth quarter, compared to $0.76 in the year-ago quarter. At the moment, the stock has a 52-week-high of $20.45 and a 52-week-low of $3.84. iHeartMedia closed at $4.29 at the end of the last trading period.

For Marathon Petroleum Corp MPC, JP Morgan downgraded the previous rating of Overweight to Neutral. Marathon Petroleum earned $6.65 in the fourth quarter, compared to $1.30 in the year-ago quarter. The stock has a 52-week-high of $136.46 and a 52-week-low of $77.62. At the end of the last trading period, Marathon Petroleum closed at $128.91.

See all analyst ratings downgrades.

Initiations

Alliance Global Partners initiated coverage on EMCORE Corp EMKR with a Buy rating. The price target for EMCORE is set to $2.50. In the first quarter, EMCORE showed an EPS of $0.22, compared to $0.14 from the year-ago quarter. The current stock performance of EMCORE shows a 52-week-high of $3.88 and a 52-week-low of $0.86. Moreover, at the end of the last trading period, the closing price was at $1.12.

Small Cap Consumer Research initiated coverage on Guess? Inc GES with a Buy rating. The price target for Guess is set to $24.00. Guess earned $1.74 in the fourth quarter, compared to $1.14 in the year-ago quarter. The stock has a 52-week-high of $24.57 and a 52-week-low of $14.27. At the end of the last trading period, Guess closed at $18.04.

Evercore ISI Group initiated coverage on Astria Therapeutics Inc ATXS with an Outperform rating. The price target for Astria Therapeutics is set to $18.00. Astria Therapeutics earned $0.72 in the fourth quarter, compared to $0.73 in the year-ago quarter. The stock has a 52-week-high of $16.28 and a 52-week-low of $2.36. At the end of the last trading period, Astria Therapeutics closed at $11.44.

B of A Securities initiated coverage on Foghorn Therapeutics Inc FHTX with a Buy rating. The price target for Foghorn Therapeutics is set to $10.00. In the fourth quarter, Foghorn Therapeutics showed an EPS of $0.69, compared to $0.77 from the year-ago quarter. The current stock performance of Foghorn Therapeutics shows a 52-week-high of $18.09 and a 52-week-low of $4.51. Moreover, at the end of the last trading period, the closing price was at $4.79.

With a Buy rating, Canaccord Genuity initiated coverage on Ulta Beauty Inc ULTA. The price target seems to have been set at $622.00 for Ulta Beauty. In the fourth quarter, Ulta Beauty showed an EPS of $6.68, compared to $5.41 from the year-ago quarter. The current stock performance of Ulta Beauty shows a 52-week-high of $537.52 and a 52-week-low of $331.07. Moreover, at the end of the last trading period, the closing price was at $520.45.

With a Equal-Weight rating, Barclays initiated coverage on Blink Charging Co BLNK. The price target seems to have been set at $11.00 for Blink Charging. Blink Charging earned $0.41 in the fourth quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Blink Charging shows a 52-week-high of $29.97 and a 52-week-low of $7.34. Moreover, at the end of the last trading period, the closing price was at $7.57.

With a Buy rating, B. Riley Securities initiated coverage on Gritstone Bio Inc GRTS. The price target seems to have been set at $8.00 for Gritstone Bio. Gritstone Bio earned $0.30 in the fourth quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Gritstone Bio shows a 52-week-high of $5.85 and a 52-week-low of $1.72. Moreover, at the end of the last trading period, the closing price was at $2.48.

Goldman Sachs initiated coverage on Geron Corp GERN with a Neutral rating. The price target for Geron is set to $3.00. For the fourth quarter, Geron had an EPS of $0.10, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $3.84 and a 52-week-low of $1.18. At the end of the last trading period, Geron closed at $2.34.

Benchmark initiated coverage on Repligen Corp RGEN with a Buy rating. The price target for Repligen is set to $230.00. For the fourth quarter, Repligen had an EPS of $0.68, compared to year-ago quarter EPS of $0.81. At the moment, the stock has a 52-week-high of $262.26 and a 52-week-low of $138.13. Repligen closed at $167.05 at the end of the last trading period.

Stifel initiated coverage on Bowlero Corp BOWL with a Buy rating. The price target for Bowlero is set to $26.00. For the second quarter, Bowlero had an EPS of $0.20, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $17.45 and a 52-week-low of $8.19. Bowlero closed at $15.20 at the end of the last trading period.

With an Outperform rating, Oppenheimer initiated coverage on Carrier Global Corp CARR. The price target seems to have been set at $51.00 for Carrier Global. In the fourth quarter, Carrier Global showed an EPS of $0.40, compared to $0.44 from the year-ago quarter. The current stock performance of Carrier Global shows a 52-week-high of $49.17 and a 52-week-low of $33.11. Moreover, at the end of the last trading period, the closing price was at $44.30.

Oppenheimer initiated coverage on Lennox International Inc LII with a Perform rating. Lennox Intl earned $2.63 in the fourth quarter, compared to $2.35 in the year-ago quarter. The stock has a 52-week-high of $278.84 and a 52-week-low of $182.95. At the end of the last trading period, Lennox Intl closed at $242.83.

For Trane Technologies PLC TT, Oppenheimer initiated coverage, by setting the current rating at Perform. For the fourth quarter, Trane Technologies had an EPS of $1.82, compared to year-ago quarter EPS of $1.36. The current stock performance of Trane Technologies shows a 52-week-high of $196.22 and a 52-week-low of $120.76. Moreover, at the end of the last trading period, the closing price was at $181.01.

See all analyst ratings initiations.

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