Benzinga's Top Ratings Upgrades, Downgrades For April 4, 2023

Upgrades

Raymond James upgraded the previous rating for Extra Space Storage Inc (NYSE:EXR) from Outperform to Strong Buy. Extra Space Storage earned $2.09 in the fourth quarter, compared to $1.91 in the year-ago quarter. The stock has a 52-week-high of $222.15 and a 52-week-low of $139.97. At the end of the last trading period, Extra Space Storage closed at $154.51.

Loop Capital upgraded the previous rating for Burlington Stores Inc (NYSE:BURL) from Hold to Buy. In the fourth quarter, Burlington Stores showed an EPS of $2.96, compared to $2.53 from the year-ago quarter. The stock has a 52-week-high of $239.94 and a 52-week-low of $106.81. At the end of the last trading period, Burlington Stores closed at $205.93.

Morgan Stanley upgraded the previous rating for CSX Corp (NASDAQ:CSX) from Underweight to Equal-Weight. For the fourth quarter, CSX had an EPS of $0.49, compared to year-ago quarter EPS of $0.42. The stock has a 52-week-high of $38.15 and a 52-week-low of $25.81. At the end of the last trading period, CSX closed at $29.85.

Morgan Stanley upgraded the previous rating for Norfolk Southern Corp (NYSE:NSC) from Underweight to Equal-Weight. Norfolk Southern earned $3.42 in the fourth quarter, compared to $3.12 in the year-ago quarter. The stock has a 52-week-high of $285.48 and a 52-week-low of $196.33. At the end of the last trading period, Norfolk Southern closed at $208.78.

For Etsy Inc (NASDAQ:ETSY), Piper Sandler upgraded the previous rating of Neutral to Overweight. In the fourth quarter, Etsy showed an EPS of $0.77, compared to $1.11 from the year-ago quarter. The stock has a 52-week-high of $149.91 and a 52-week-low of $67.06. At the end of the last trading period, Etsy closed at $108.25.

For ONEOK Inc (NYSE:OKE), Citigroup upgraded the previous rating of Neutral to Buy. ONEOK earned $1.08 in the fourth quarter, compared to $0.85 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.06 and a 52-week-low of $50.51. ONEOK closed at $65.06 at the end of the last trading period.

Exane BNP Paribas upgraded the previous rating for Chevron Corp (NYSE:CVX) from Underperform to Neutral. Chevron earned $4.09 in the fourth quarter, compared to $2.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $189.66 and a 52-week-low of $132.54. Chevron closed at $169.95 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Evotec SE (NASDAQ:EVO) from Underweight to Equal-Weight. The current stock performance of Evotec shows a 52-week-high of $15.59 and a 52-week-low of $7.80. Moreover, at the end of the last trading period, the closing price was at $10.71.

For WideOpenWest Inc (NYSE:WOW), Keybanc upgraded the previous rating of Sector Weight to Overweight. In the fourth quarter, WideOpenWest showed an EPS of $0.15, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.89 and a 52-week-low of $8.57. WideOpenWest closed at $10.34 at the end of the last trading period.

According to Keybanc, the prior rating for Comcast Corp (NASDAQ:CMCSA) was changed from Sector Weight to Overweight. Comcast earned $0.82 in the fourth quarter, compared to $0.77 in the year-ago quarter. The stock has a 52-week-high of $48.42 and a 52-week-low of $28.39. At the end of the last trading period, Comcast closed at $38.01.

See all analyst ratings upgrades.

Downgrades

Roth MKM downgraded the previous rating for Battalion Oil Corp (AMEX:BATL) from Buy to Neutral. In the fourth quarter, Battalion Oil showed an EPS of $0.16, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.99 and a 52-week-low of $6.11. Battalion Oil closed at $7.70 at the end of the last trading period.

According to Northcoast Research, the prior rating for Boeing Co (NYSE:BA) was changed from Neutral to Sell. For the fourth quarter, Boeing had an EPS of $1.75, compared to year-ago quarter EPS of $7.69. The stock has a 52-week-high of $221.33 and a 52-week-low of $113.03. At the end of the last trading period, Boeing closed at $215.39.

According to Raymond James, the prior rating for CubeSmart (NYSE:CUBE) was changed from Strong Buy to Outperform. In the fourth quarter, CubeSmart showed an EPS of $0.67, compared to $0.58 from the year-ago quarter. The stock has a 52-week-high of $54.94 and a 52-week-low of $36.85. At the end of the last trading period, CubeSmart closed at $47.47.

See all analyst ratings downgrades.

Initiations

With an Outperform rating, CJS Securities initiated coverage on Leonardo DRS Inc (NASDAQ:DRS). The price target seems to have been set at $17.00 for Leonardo DRS. The stock has a 52-week-high of $13.85 and a 52-week-low of $9.11. At the end of the last trading period, Leonardo DRS closed at $12.87.

With an Overweight rating, Capital One initiated coverage on Atlas Energy Solutions Inc (NYSE:AESI). The price target seems to have been set at $25.00 for Atlas Energy Solutions. The stock has a 52-week-high of $17.92 and a 52-week-low of $15.06. At the end of the last trading period, Atlas Energy Solutions closed at $17.84.

With a Buy rating, Craig-Hallum initiated coverage on Southland Holdings Inc (AMEX:SLND). The price target seems to have been set at $14.00 for Southland Holdings. The current stock performance of Southland Holdings shows a 52-week-high of $10.85 and a 52-week-low of $7.00. Moreover, at the end of the last trading period, the closing price was at $8.70.

For RXO Inc (NYSE:RXO), Benchmark initiated coverage, by setting the current rating at Hold. RXO earned $0.28 in the fourth quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $22.11 and a 52-week-low of $14.75. At the end of the last trading period, RXO closed at $19.67.

DA Davidson initiated coverage on Crane NXT Co (NYSE:CXT) with a Buy rating. The price target for Crane NXT is set to $70.00.

With a Buy rating, Citigroup initiated coverage on Atlas Energy Solutions Inc (NYSE:AESI). The price target seems to have been set at $23.00 for Atlas Energy Solutions. The stock has a 52-week-high of $17.92 and a 52-week-low of $15.06. At the end of the last trading period, Atlas Energy Solutions closed at $17.84.

See all analyst ratings initiations.

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