Benzinga's Top Ratings Upgrades, Downgrades For April 6, 2023

Upgrades

According to Sidoti & Co., the prior rating for ALLETE Inc (NYSE:ALE) was changed from Neutral to Buy. In the fourth quarter, ALLETE showed an EPS of $0.90, compared to $1.18 from the year-ago quarter. The stock has a 52-week-high of $67.35 and a 52-week-low of $47.81. At the end of the last trading period, ALLETE closed at $64.69.

Argus Research upgraded the previous rating for Haleon PLC (NYSE:HLN) from Hold to Buy. NoneAt the moment, the stock has a 52-week-high of $8.68 and a 52-week-low of $5.59. Haleon closed at $8.63 at the end of the last trading period.

Imperial Capital upgraded the previous rating for Ambarella Inc (NASDAQ:AMBA) from In-Line to Outperform. For the fourth quarter, Ambarella had an EPS of $0.23, compared to year-ago quarter EPS of $0.45. The stock has a 52-week-high of $104.71 and a 52-week-low of $49.02. At the end of the last trading period, Ambarella closed at $69.86.

Wedbush upgraded the previous rating for Pure Storage Inc (NYSE:PSTG) from Neutral to Outperform. In the fourth quarter, Pure Storage showed an EPS of $0.53, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $35.02 and a 52-week-low of $21.89. Pure Storage closed at $25.32 at the end of the last trading period.

According to Raymond James, the prior rating for Wells Fargo & Co (NYSE:WFC) was changed from Outperform to Strong Buy. For the fourth quarter, Wells Fargo had an EPS of $0.67, compared to year-ago quarter EPS of $1.38. The stock has a 52-week-high of $50.19 and a 52-week-low of $35.25. At the end of the last trading period, Wells Fargo closed at $36.89.

According to Raymond James, the prior rating for Comerica Inc (NYSE:CMA) was changed from Outperform to Strong Buy. Comerica earned $2.58 in the fourth quarter, compared to $1.66 in the year-ago quarter. The stock has a 52-week-high of $91.31 and a 52-week-low of $29.17. At the end of the last trading period, Comerica closed at $39.92.

According to Loop Capital, the prior rating for Pool Corp (NASDAQ:POOL) was changed from Hold to Buy. In the fourth quarter, Pool showed an EPS of $1.82, compared to $2.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $471.96 and a 52-week-low of $278.39. Pool closed at $321.82 at the end of the last trading period.

For Leslies Inc (NASDAQ:LESL), Loop Capital upgraded the previous rating of Hold to Buy. Leslies earned $0.14 in the first quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $21.64 and a 52-week-low of $10.12. At the end of the last trading period, Leslies closed at $10.42.

Wolfe Research upgraded the previous rating for Fluence Energy Inc (NASDAQ:FLNC) from Peer Perform to Outperform. For the first quarter, Fluence Energy had an EPS of $0.11, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $26.78 and a 52-week-low of $4.96. At the end of the last trading period, Fluence Energy closed at $19.19.

Piper Sandler upgraded the previous rating for Hercules Capital Inc (NYSE:HTGC) from Neutral to Overweight. In the fourth quarter, Hercules Capital showed an EPS of $0.47, compared to $0.35 from the year-ago quarter. The stock has a 52-week-high of $19.09 and a 52-week-low of $10.94. At the end of the last trading period, Hercules Capital closed at $12.49.

See all analyst ratings upgrades.

Downgrades

According to Exane BNP Paribas, the prior rating for KLA Corp (NASDAQ:KLAC) was changed from Outperform to Neutral. For the second quarter, KLA had an EPS of $7.38, compared to year-ago quarter EPS of $5.59. The stock has a 52-week-high of $429.46 and a 52-week-low of $250.74. At the end of the last trading period, KLA closed at $381.61.

For Applied Materials Inc (NASDAQ:AMAT), Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. For the first quarter, Applied Mat had an EPS of $2.03, compared to year-ago quarter EPS of $1.89. The stock has a 52-week-high of $128.98 and a 52-week-low of $71.18. At the end of the last trading period, Applied Mat closed at $117.32.

New Street Research downgraded the previous rating for MercadoLibre Inc (NASDAQ:MELI) from Buy to Neutral. MercadoLibre earned $3.25 in the fourth quarter, compared to $0.92 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1329.49 and a 52-week-low of $600.80. MercadoLibre closed at $1250.05 at the end of the last trading period.

Raymond James downgraded the previous rating for Renasant Corp (NASDAQ:RNST) from Outperform to Market Perform. In the fourth quarter, Renasant showed an EPS of $0.89, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.75 and a 52-week-low of $27.65. Renasant closed at $29.66 at the end of the last trading period.

For Trustmark Corp (NASDAQ:TRMK), Raymond James downgraded the previous rating of Outperform to Market Perform. For the fourth quarter, Trustmark had an EPS of $0.68, compared to year-ago quarter EPS of $0.42. At the moment, the stock has a 52-week-high of $38.18 and a 52-week-low of $23.52. Trustmark closed at $23.80 at the end of the last trading period.

For Comerica Inc (NYSE:CMA), JP Morgan downgraded the previous rating of Overweight to Neutral. For the fourth quarter, Comerica had an EPS of $2.58, compared to year-ago quarter EPS of $1.66. The stock has a 52-week-high of $91.31 and a 52-week-low of $29.17. At the end of the last trading period, Comerica closed at $39.92.

For The Mosaic Co (NYSE:MOS), JP Morgan downgraded the previous rating of Overweight to Neutral. In the fourth quarter, Mosaic showed an EPS of $1.74, compared to $1.95 from the year-ago quarter. The stock has a 52-week-high of $79.28 and a 52-week-low of $40.29. At the end of the last trading period, Mosaic closed at $46.29.

According to Rosenblatt, the prior rating for Lumentum Holdings Inc (NASDAQ:LITE) was changed from Buy to Neutral. Lumentum Holdings earned $1.52 in the second quarter, compared to $1.60 in the year-ago quarter. The stock has a 52-week-high of $96.45 and a 52-week-low of $48.73. At the end of the last trading period, Lumentum Holdings closed at $51.31.

See all analyst ratings downgrades.

Initiations

B. Riley Securities initiated coverage on Iris Energy Ltd (NASDAQ:IREN) with a Buy rating. The price target for Iris Energy is set to $4.00. The current stock performance of Iris Energy shows a 52-week-high of $15.83 and a 52-week-low of $1.02. Moreover, at the end of the last trading period, the closing price was at $2.79.

For Textron Inc (NYSE:TXT), Wolfe Research initiated coverage, by setting the current rating at Peer Perform. For the fourth quarter, Textron had an EPS of $1.07, compared to year-ago quarter EPS of $0.94. The stock has a 52-week-high of $76.11 and a 52-week-low of $57.12. At the end of the last trading period, Textron closed at $67.89.

With an Outperform rating, BMO Capital initiated coverage on XPO Inc (NYSE:XPO). The price target seems to have been set at $44.00 for XPO. XPO earned $0.98 in the fourth quarter, compared to $1.34 in the year-ago quarter. The stock has a 52-week-high of $45.06 and a 52-week-low of $24.76. At the end of the last trading period, XPO closed at $29.83.

Roth MKM initiated coverage on Atlas Lithium Corp (NASDAQ:ATLX) with a Buy rating. The price target for Atlas Lithium is set to $23.00. The stock has a 52-week-high of $23.51 and a 52-week-low of $6.01. At the end of the last trading period, Atlas Lithium closed at $16.86.

Oppenheimer initiated coverage on Bioceres Crop Solutions Corp (NASDAQ:BIOX) with an Outperform rating. The price target for Bioceres Crop Solutions is set to $15.00. At the moment, the stock has a 52-week-high of $15.49 and a 52-week-low of $9.28. Bioceres Crop Solutions closed at $11.07 at the end of the last trading period.

See all analyst ratings initiations.

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