Benzinga's Top Ratings Upgrades, Downgrades For April 3, 2023

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Upgrades

For Macy's Inc M, JP Morgan upgraded the previous rating of Neutral to Overweight. In the fourth quarter, Macy's showed an EPS of $1.88, compared to $2.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.28 and a 52-week-low of $15.11. Macy's closed at $17.49 at the end of the last trading period.

For Intel Corp INTC, Bernstein upgraded the previous rating of Underperform to Market Perform. For the fourth quarter, Intel had an EPS of $0.10, compared to year-ago quarter EPS of $1.09. The current stock performance of Intel shows a 52-week-high of $51.25 and a 52-week-low of $24.59. Moreover, at the end of the last trading period, the closing price was at $32.67.

Citigroup upgraded the previous rating for Quest Diagnostics Inc DGX from Sell to Neutral. For the fourth quarter, Quest Diagnostics had an EPS of $1.98, compared to year-ago quarter EPS of $3.33. At the moment, the stock has a 52-week-high of $158.34 and a 52-week-low of $120.40. Quest Diagnostics closed at $141.48 at the end of the last trading period.

According to BMO Capital, the prior rating for SL Green Realty Corp SLG was changed from Market Perform to Outperform. In the fourth quarter, SL Green Realty showed an EPS of $1.46, compared to $1.52 from the year-ago quarter. The stock has a 52-week-high of $83.30 and a 52-week-low of $19.06. At the end of the last trading period, SL Green Realty closed at $23.52.

For SkyWest Inc SKYW, Raymond James upgraded the previous rating of Underperform to Market Perform. For the fourth quarter, SkyWest had an EPS of $0.93, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $33.32 and a 52-week-low of $14.76. At the end of the last trading period, SkyWest closed at $22.17.

Raymond James upgraded the previous rating for Alaska Air Group Inc ALK from Outperform to Strong Buy. Alaska Air Gr earned $0.92 in the fourth quarter, compared to $0.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $61.55 and a 52-week-low of $37.20. Alaska Air Gr closed at $41.96 at the end of the last trading period.

For Silk Road Medical Inc SILK, Citigroup upgraded the previous rating of Neutral to Buy. In the fourth quarter, Silk Road Medical showed an EPS of $0.34, compared to $0.42 from the year-ago quarter. The current stock performance of Silk Road Medical shows a 52-week-high of $58.04 and a 52-week-low of $27.32. Moreover, at the end of the last trading period, the closing price was at $39.13.

Barclays upgraded the previous rating for US Silica Holdings Inc SLCA from Underweight to Equal-Weight. For the fourth quarter, US Silica Holdings had an EPS of $0.43, compared to year-ago quarter EPS of $0.22. The current stock performance of US Silica Holdings shows a 52-week-high of $21.54 and a 52-week-low of $9.47. Moreover, at the end of the last trading period, the closing price was at $11.94.

According to Goldman Sachs, the prior rating for Primoris Services Corp PRIM was changed from Sell to Neutral. For the fourth quarter, Primoris Services had an EPS of $0.93, compared to year-ago quarter EPS of $0.63. At the moment, the stock has a 52-week-high of $28.20 and a 52-week-low of $15.90. Primoris Services closed at $24.66 at the end of the last trading period.

For Vulcan Materials Co VMC, Goldman Sachs upgraded the previous rating of Neutral to Buy. Vulcan Materials earned $1.08 in the fourth quarter, compared to $1.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $197.75 and a 52-week-low of $137.59. Vulcan Materials closed at $171.56 at the end of the last trading period.

Goldman Sachs upgraded the previous rating for Martin Marietta Materials Inc MLM from Neutral to Buy. Martin Marietta Materials earned $3.04 in the fourth quarter, compared to $3.15 in the year-ago quarter. The stock has a 52-week-high of $393.17 and a 52-week-low of $285.18. At the end of the last trading period, Martin Marietta Materials closed at $355.06.

See all analyst ratings upgrades.

Downgrades

For NightHawk Biosciences Inc NHWK, Maxim Group downgraded the previous rating of Buy to Hold. For the fourth quarter, NightHawk Biosciences had an EPS of $0.48, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $3.42 and a 52-week-low of $0.75. NightHawk Biosciences closed at $0.87 at the end of the last trading period.

Jefferies downgraded the previous rating for Savara Inc SVRA from Buy to Hold. Savara earned $0.07 in the fourth quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.85 and a 52-week-low of $1.07. Savara closed at $1.95 at the end of the last trading period.

Barclays downgraded the previous rating for Certara Inc CERT from Overweight to Equal-Weight. Certara earned $0.16 in the fourth quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.83 and a 52-week-low of $10.61. Certara closed at $24.11 at the end of the last trading period.

According to Barclays, the prior rating for Catalent Inc CTLT was changed from Overweight to Equal-Weight. For the second quarter, Catalent had an EPS of $0.67, compared to year-ago quarter EPS of $0.90. The stock has a 52-week-high of $115.30 and a 52-week-low of $40.70. At the end of the last trading period, Catalent closed at $65.71.

Guggenheim downgraded the previous rating for Y-mAbs Therapeutics Inc YMAB from Buy to Neutral. Y-mAbs Therapeutics earned $0.03 in the fourth quarter, compared to $0.85 in the year-ago quarter. The stock has a 52-week-high of $20.31 and a 52-week-low of $2.70. At the end of the last trading period, Y-mAbs Therapeutics closed at $5.01.

Morgan Stanley downgraded the previous rating for First Solar Inc FSLR from Equal-Weight to Underweight. First Solar earned $0.07 in the fourth quarter, compared to $1.23 in the year-ago quarter. The stock has a 52-week-high of $219.55 and a 52-week-low of $59.60. At the end of the last trading period, First Solar closed at $217.50.

Morgan Stanley downgraded the previous rating for Plug Power Inc PLUG from Overweight to Equal-Weight. For the fourth quarter, Plug Power had an EPS of $0.38, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $32.04 and a 52-week-low of $10.30. Plug Power closed at $11.72 at the end of the last trading period.

For Entegris Inc ENTG, Citigroup downgraded the previous rating of Buy to Neutral. In the fourth quarter, Entegris showed an EPS of $0.83, compared to $0.96 from the year-ago quarter. At the moment, the stock has a 52-week-high of $137.17 and a 52-week-low of $61.77. Entegris closed at $82.01 at the end of the last trading period.

According to Citigroup, the prior rating for FormFactor Inc FORM was changed from Buy to Neutral. FormFactor earned $0.05 in the fourth quarter, compared to $0.44 in the year-ago quarter. The current stock performance of FormFactor shows a 52-week-high of $43.31 and a 52-week-low of $18.15. Moreover, at the end of the last trading period, the closing price was at $31.85.

Citigroup downgraded the previous rating for Wolfspeed Inc WOLF from Buy to Neutral. For the second quarter, Wolfspeed had an EPS of $0.11, compared to year-ago quarter EPS of $0.16. The current stock performance of Wolfspeed shows a 52-week-high of $125.40 and a 52-week-low of $58.07. Moreover, at the end of the last trading period, the closing price was at $64.95.

According to B of A Securities, the prior rating for Paychex Inc PAYX was changed from Neutral to Underperform. Paychex earned $1.29 in the third quarter, compared to $1.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $141.91 and a 52-week-low of $105.69. Paychex closed at $114.59 at the end of the last trading period.

For Automatic Data Processing Inc ADP, B of A Securities downgraded the previous rating of Neutral to Underperform. For the second quarter, Automatic Data Processing had an EPS of $1.96, compared to year-ago quarter EPS of $1.65. The current stock performance of Automatic Data Processing shows a 52-week-high of $273.89 and a 52-week-low of $196.68. Moreover, at the end of the last trading period, the closing price was at $222.63.

Credit Suisse downgraded the previous rating for LPL Financial Holdings Inc LPLA from Outperform to Neutral. For the fourth quarter, LPL Finl Hldgs had an EPS of $4.21, compared to year-ago quarter EPS of $1.63. The current stock performance of LPL Finl Hldgs shows a 52-week-high of $271.48 and a 52-week-low of $165.53. Moreover, at the end of the last trading period, the closing price was at $202.40.

Goldman Sachs downgraded the previous rating for Oshkosh Corp OSK from Buy to Neutral. Oshkosh earned $1.60 in the fourth quarter, compared to $1.05 in the year-ago quarter. The current stock performance of Oshkosh shows a 52-week-high of $106.66 and a 52-week-low of $69.31. Moreover, at the end of the last trading period, the closing price was at $83.18.

According to Goldman Sachs, the prior rating for Manitowoc Co Inc MTW was changed from Neutral to Sell. For the fourth quarter, Manitowoc Co had an EPS of $0.74, compared to year-ago quarter EPS of $0.27. The current stock performance of Manitowoc Co shows a 52-week-high of $20.20 and a 52-week-low of $7.55. Moreover, at the end of the last trading period, the closing price was at $17.09.

For AGCO Corp AGCO, Goldman Sachs downgraded the previous rating of Buy to Neutral. In the fourth quarter, AGCO showed an EPS of $4.47, compared to $3.08 from the year-ago quarter. The current stock performance of AGCO shows a 52-week-high of $149.87 and a 52-week-low of $88.58. Moreover, at the end of the last trading period, the closing price was at $135.20.

See all analyst ratings downgrades.

Initiations

B of A Securities initiated coverage on Atlas Energy Solutions Inc AESI with a Buy rating. The price target for Atlas Energy Solutions is set to $23.00. The current stock performance of Atlas Energy Solutions shows a 52-week-high of $17.86 and a 52-week-low of $15.06. Moreover, at the end of the last trading period, the closing price was at $17.03.

HC Wainwright & Co. initiated coverage on Microvast Holdings Inc MVST with a Buy rating. The price target for Microvast Holdings is set to $8.00. In the fourth quarter, Microvast Holdings showed an EPS of $0.05, compared to $0.17 from the year-ago quarter. The stock has a 52-week-high of $6.86 and a 52-week-low of $1.04. At the end of the last trading period, Microvast Holdings closed at $1.24.

Ladenburg Thalmann initiated coverage on PG&E Corp PCG with a Buy rating. The price target for PG&E is set to $20.50. PG&E earned $0.26 in the fourth quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $16.82 and a 52-week-low of $9.64. At the end of the last trading period, PG&E closed at $16.17.

Ladenburg Thalmann initiated coverage on Public Service Enterprise Group Inc PEG with a Neutral rating. The price target for Public Service Enterprise is set to $60.50. Public Service Enterprise earned $0.64 in the fourth quarter, compared to $0.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.59 and a 52-week-low of $52.53. Public Service Enterprise closed at $62.45 at the end of the last trading period.

With a Sell rating, Ladenburg Thalmann initiated coverage on American Electric Power Co Inc AEP. The price target seems to have been set at $82.50 for American Electric Power. In the fourth quarter, American Electric Power showed an EPS of $1.05, compared to $0.98 from the year-ago quarter. The stock has a 52-week-high of $105.58 and a 52-week-low of $80.33. At the end of the last trading period, American Electric Power closed at $90.99.

With a Buy rating, Ladenburg Thalmann initiated coverage on Entergy Corp ETR. The price target seems to have been set at $116.00 for Entergy. For the fourth quarter, Entergy had an EPS of $0.51, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $126.75 and a 52-week-low of $95.06. Entergy closed at $107.74 at the end of the last trading period.

Ladenburg Thalmann initiated coverage on Edison International EIX with a Sell rating. The price target for Edison Intl is set to $66.00. Edison Intl earned $1.15 in the fourth quarter, compared to $1.16 in the year-ago quarter. The stock has a 52-week-high of $73.30 and a 52-week-low of $54.51. At the end of the last trading period, Edison Intl closed at $70.59.

For Medallion Financial Corp MFIN, Ladenburg Thalmann initiated coverage, by setting the current rating at Neutral. For the fourth quarter, Medallion Finl had an EPS of $0.57, compared to year-ago quarter EPS of $0.78. At the moment, the stock has a 52-week-high of $10.05 and a 52-week-low of $5.43. Medallion Finl closed at $7.67 at the end of the last trading period.

With an Overweight rating, Piper Sandler initiated coverage on Atlas Energy Solutions Inc AESI. The price target seems to have been set at $28.00 for Atlas Energy Solutions. The current stock performance of Atlas Energy Solutions shows a 52-week-high of $17.86 and a 52-week-low of $15.06. Moreover, at the end of the last trading period, the closing price was at $17.03.

Craig-Hallum initiated coverage on ProSomnus Inc OSA with a Buy rating. The price target for ProSomnus is set to $10.00. NoneThe current stock performance of ProSomnus shows a 52-week-high of $9.29 and a 52-week-low of $4.59. Moreover, at the end of the last trading period, the closing price was at $5.21.

Guggenheim initiated coverage on Outlook Therapeutics Inc OTLK with a Buy rating. The price target for Outlook Therapeutics is set to $5.00. In the first quarter, Outlook Therapeutics showed an EPS of $0.08, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.04 and a 52-week-low of $0.68. Outlook Therapeutics closed at $1.09 at the end of the last trading period.

With a Strong Buy rating, Raymond James initiated coverage on Atlas Energy Solutions Inc AESI. The price target seems to have been set at $25.00 for Atlas Energy Solutions. The stock has a 52-week-high of $17.86 and a 52-week-low of $15.06. At the end of the last trading period, Atlas Energy Solutions closed at $17.03.

With a Buy rating, HC Wainwright & Co. initiated coverage on Entrada Therapeutics Inc TRDA. The price target seems to have been set at $25.00 for Entrada Therapeutics. For the fourth quarter, Entrada Therapeutics had an EPS of $0.79, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $24.38 and a 52-week-low of $5.12. Entrada Therapeutics closed at $14.50 at the end of the last trading period.

With an Overweight rating, Morgan Stanley initiated coverage on Sunnova Energy International Inc NOVA. The price target seems to have been set at $35.00 for Sunnova Energy Intl. For the fourth quarter, Sunnova Energy Intl had an EPS of $0.18, compared to year-ago quarter EPS of $0.13. The current stock performance of Sunnova Energy Intl shows a 52-week-high of $31.47 and a 52-week-low of $12.46. Moreover, at the end of the last trading period, the closing price was at $15.62.

Morgan Stanley initiated coverage on Enphase Energy Inc ENPH with a Equal-Weight rating. The price target for Enphase Energy is set to $268.00. For the fourth quarter, Enphase Energy had an EPS of $1.51, compared to year-ago quarter EPS of $0.73. The current stock performance of Enphase Energy shows a 52-week-high of $339.88 and a 52-week-low of $128.68. Moreover, at the end of the last trading period, the closing price was at $210.28.

With a Neutral rating, Piper Sandler initiated coverage on Enfusion Inc ENFN. The price target seems to have been set at $11.00 for Enfusion. In the fourth quarter, Enfusion showed an EPS of $0.01, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $16.52 and a 52-week-low of $7.86. At the end of the last trading period, Enfusion closed at $10.50.

With an Outperform rating, RBC Capital initiated coverage on Atlas Energy Solutions Inc AESI. The price target seems to have been set at $25.00 for Atlas Energy Solutions. The stock has a 52-week-high of $17.86 and a 52-week-low of $15.06. At the end of the last trading period, Atlas Energy Solutions closed at $17.03.

With an Overweight rating, Barclays initiated coverage on Atlas Energy Solutions Inc AESI. The price target seems to have been set at $25.00 for Atlas Energy Solutions. The stock has a 52-week-high of $17.86 and a 52-week-low of $15.06. At the end of the last trading period, Atlas Energy Solutions closed at $17.03.

Goldman Sachs initiated coverage on Atlas Energy Solutions Inc AESI with a Buy rating. The price target for Atlas Energy Solutions is set to $22.00. The current stock performance of Atlas Energy Solutions shows a 52-week-high of $17.86 and a 52-week-low of $15.06. Moreover, at the end of the last trading period, the closing price was at $17.03.

See all analyst ratings initiations.

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