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

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Upgrades

According to Sidoti & Co., the prior rating for ALLETE Inc 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.

According to Keefe, Bruyette & Woods, the prior rating for Columbia Banking System Inc COLB was changed from Market Perform to Outperform. Columbia Banking System earned $0.88 in the fourth quarter, compared to $0.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $35.53 and a 52-week-low of $19.59. Columbia Banking System closed at $20.55 at the end of the last trading period.

Keefe, Bruyette & Woods upgraded the previous rating for Huntington Bancshares Inc HBAN from Underperform to Market Perform. Huntington Bancshares earned $0.43 in the fourth quarter, compared to $0.36 in the year-ago quarter. The stock has a 52-week-high of $15.74 and a 52-week-low of $9.94. At the end of the last trading period, Huntington Bancshares closed at $11.04.

For Popular Inc BPOP, Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. In the fourth quarter, Popular showed an EPS of $2.62, compared to $2.58 from the year-ago quarter. The current stock performance of Popular shows a 52-week-high of $84.34 and a 52-week-low of $49.34. Moreover, at the end of the last trading period, the closing price was at $55.83.

Keefe, Bruyette & Woods upgraded the previous rating for Fifth Third Bancorp FITB from Market Perform to Outperform. In the fourth quarter, Fifth Third Bancorp showed an EPS of $1.01, compared to $0.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.93 and a 52-week-low of $22.11. Fifth Third Bancorp closed at $25.77 at the end of the last trading period.

Argus Research upgraded the previous rating for Haleon PLC 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 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.

According to Susquehanna, the prior rating for Rush Street Interactive Inc RSI was changed from Neutral to Positive. In the fourth quarter, Rush Street Interactive showed an EPS of $0.11, compared to $0.15 from the year-ago quarter. The current stock performance of Rush Street Interactive shows a 52-week-high of $8.02 and a 52-week-low of $2.79. Moreover, at the end of the last trading period, the closing price was at $2.79.

Wedbush upgraded the previous rating for Pure Storage Inc 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 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 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 Raymond James, the prior rating for Columbia Banking System Inc COLB was changed from Outperform to Strong Buy. For the fourth quarter, Columbia Banking System had an EPS of $0.88, compared to year-ago quarter EPS of $0.55. At the moment, the stock has a 52-week-high of $35.53 and a 52-week-low of $19.59. Columbia Banking System closed at $20.55 at the end of the last trading period.

According to Loop Capital, the prior rating for Pool Corp 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 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 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.

For FedEx Corp FDX, Raymond James upgraded the previous rating of Market Perform to Outperform. FedEx earned $3.41 in the third quarter, compared to $4.59 in the year-ago quarter. The current stock performance of FedEx shows a 52-week-high of $248.65 and a 52-week-low of $141.92. Moreover, at the end of the last trading period, the closing price was at $229.93.

Piper Sandler upgraded the previous rating for Hercules Capital Inc 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.

For Ferrari NV RACE, Goldman Sachs upgraded the previous rating of Sell to Neutral. Ferrari earned $1.24 in the fourth quarter, compared to $1.33 in the year-ago quarter. The current stock performance of Ferrari shows a 52-week-high of $275.28 and a 52-week-low of $167.49. Moreover, at the end of the last trading period, the closing price was at $270.55.

Citigroup upgraded the previous rating for Welltower Inc WELL from Neutral to Buy. Welltower earned $0.83 in the fourth quarter, compared to $0.83 in the year-ago quarter. The current stock performance of Welltower shows a 52-week-high of $98.33 and a 52-week-low of $56.54. Moreover, at the end of the last trading period, the closing price was at $70.56.

See all analyst ratings upgrades.

Downgrades

According to Exane BNP Paribas, the prior rating for KLA Corp 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.

Keefe, Bruyette & Woods downgraded the previous rating for Atlantic Union Bankshares Corp AUB from Outperform to Market Perform. In the fourth quarter, Atlantic Union Bankshares showed an EPS of $0.90, compared to $0.71 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.04 and a 52-week-low of $30.27. Atlantic Union Bankshares closed at $33.91 at the end of the last trading period.

Keefe, Bruyette & Woods downgraded the previous rating for PNC Financial Services Group Inc PNC from Market Perform to Underperform. For the fourth quarter, PNC Finl Servs Gr had an EPS of $3.49, compared to year-ago quarter EPS of $3.68. At the moment, the stock has a 52-week-high of $188.53 and a 52-week-low of $119.27. PNC Finl Servs Gr closed at $121.43 at the end of the last trading period.

According to Argus Research, the prior rating for Fox Corp FOXA was changed from Buy to Hold. Fox earned $0.48 in the second quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Fox shows a 52-week-high of $40.12 and a 52-week-low of $28.02. Moreover, at the end of the last trading period, the closing price was at $33.74.

For Lumentum Holdings Inc LITE, Craig-Hallum downgraded the previous rating of Buy to Hold. Lumentum Holdings earned $1.52 in the second quarter, compared to $1.60 in the year-ago quarter. The current stock performance of Lumentum Holdings shows a 52-week-high of $96.45 and a 52-week-low of $48.73. Moreover, at the end of the last trading period, the closing price was at $51.31.

For ShotSpotter Inc SSTI, Craig-Hallum downgraded the previous rating of Buy to Hold. In the fourth quarter, ShotSpotter showed an EPS of $0.11, compared to $0.12 from the year-ago quarter. The current stock performance of ShotSpotter shows a 52-week-high of $39.46 and a 52-week-low of $24.50. Moreover, at the end of the last trading period, the closing price was at $29.41.

For Applied Materials Inc 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 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.

According to Wedbush, the prior rating for Super Micro Computer Inc SMCI was changed from Neutral to Underperform. In the second quarter, Super Micro Computer showed an EPS of $3.26, compared to $0.88 from the year-ago quarter. The current stock performance of Super Micro Computer shows a 52-week-high of $118.36 and a 52-week-low of $34.11. Moreover, at the end of the last trading period, the closing price was at $108.03.

Raymond James downgraded the previous rating for Triumph Financial Inc TFIN from Outperform to Market Perform. For the fourth quarter, Triumph Financial had an EPS of $0.67, compared to year-ago quarter EPS of $1.02. The current stock performance of Triumph Financial shows a 52-week-high of $67.09 and a 52-week-low of $45.13. Moreover, at the end of the last trading period, the closing price was at $55.00.

Raymond James downgraded the previous rating for Renasant Corp 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 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 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 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 Wolfe Research, the prior rating for Stem Inc STEM was changed from Outperform to Peer Perform. In the fourth quarter, Stem showed an EPS of $0.23, compared to $0.23 from the year-ago quarter. The current stock performance of Stem shows a 52-week-high of $18.01 and a 52-week-low of $4.67. Moreover, at the end of the last trading period, the closing price was at $4.89.

According to Rosenblatt, the prior rating for Lumentum Holdings Inc 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.

For Healthpeak Properties Inc PEAK, Citigroup downgraded the previous rating of Buy to Neutral. In the fourth quarter, Healthpeak Properties showed an EPS of $0.44, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $35.71 and a 52-week-low of $20.21. At the end of the last trading period, Healthpeak Properties closed at $21.48.

See all analyst ratings downgrades.

Initiations

With a Buy rating, B. Riley Securities initiated coverage on Limoneira Co LMNR. The price target seems to have been set at $24.00 for Limoneira. Limoneira earned $0.53 in the first quarter, compared to $0.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.05 and a 52-week-low of $10.44. Limoneira closed at $16.40 at the end of the last trading period.

For HarborOne Bancorp Inc HONE, Raymond James initiated coverage, by setting the current rating at Market Perform. HarborOne Bancorp earned $0.21 in the fourth quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $15.55 and a 52-week-low of $11.63. At the end of the last trading period, HarborOne Bancorp closed at $12.09.

B. Riley Securities initiated coverage on Iris Energy Ltd 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.

Deutsche Bank initiated coverage on Marqeta Inc MQ with a Buy rating. The price target for Marqeta is set to $7.00. For the fourth quarter, Marqeta had an EPS of $0.05, compared to year-ago quarter EPS of $0.07. The current stock performance of Marqeta shows a 52-week-high of $12.05 and a 52-week-low of $3.46. Moreover, at the end of the last trading period, the closing price was at $4.28.

For Textron Inc 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 a Hold rating, Deutsche Bank initiated coverage on Toast Inc TOST. The price target seems to have been set at $20.00 for Toast. In the fourth quarter, Toast showed an EPS of $0.19, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.04 and a 52-week-low of $11.92. Toast closed at $16.37 at the end of the last trading period.

With an Outperform rating, BMO Capital initiated coverage on XPO Inc 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.

DA Davidson initiated coverage on Datadog Inc DDOG with a Neutral rating. The price target for Datadog is set to $70.00. For the fourth quarter, Datadog had an EPS of $0.26, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $157.37 and a 52-week-low of $61.34. Datadog closed at $66.11 at the end of the last trading period.

With a Buy rating, DA Davidson initiated coverage on New Relic Inc NEWR. The price target seems to have been set at $100.00 for New Relic. For the third quarter, New Relic had an EPS of $0.32, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $80.88 and a 52-week-low of $41.78. New Relic closed at $71.47 at the end of the last trading period.

Roth MKM initiated coverage on Atlas Lithium Corp 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 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.

Stifel initiated coverage on Qorvo Inc QRVO with a Hold rating. The price target for Qorvo is set to $110.00. In the third quarter, Qorvo showed an EPS of $0.75, compared to $2.98 from the year-ago quarter. At the moment, the stock has a 52-week-high of $122.08 and a 52-week-low of $75.58. Qorvo closed at $95.00 at the end of the last trading period.

With a Buy rating, Stifel initiated coverage on Skyworks Solutions Inc SWKS. The price target seems to have been set at $150.00 for Skyworks Solutions. Skyworks Solutions earned $2.59 in the first quarter, compared to $3.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $133.95 and a 52-week-low of $76.17. Skyworks Solutions closed at $112.48 at the end of the last trading period.

With an Outperform rating, Raymond James initiated coverage on Pinterest Inc PINS. The price target seems to have been set at $33.00 for Pinterest. In the fourth quarter, Pinterest showed an EPS of $0.29, compared to $0.49 from the year-ago quarter. The current stock performance of Pinterest shows a 52-week-high of $29.27 and a 52-week-low of $16.14. Moreover, at the end of the last trading period, the closing price was at $27.33.

Wedbush initiated coverage on Janux Therapeutics Inc JANX with an Outperform rating. The price target for Janux Therapeutics is set to $24.00. In the fourth quarter, Janux Therapeutics showed an EPS of $0.39, compared to $0.33 from the year-ago quarter. The stock has a 52-week-high of $23.64 and a 52-week-low of $9.39. At the end of the last trading period, Janux Therapeutics closed at $12.20.

See all analyst ratings initiations.

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