Benzinga's Top Ratings Upgrades, Downgrades For April 17, 2023

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Upgrades

OTR Global upgraded the previous rating for Crocs Inc CROX from Mixed to Positive. For the fourth quarter, Crocs had an EPS of $2.65, compared to year-ago quarter EPS of $2.15. At the moment, the stock has a 52-week-high of $143.50 and a 52-week-low of $46.14. Crocs closed at $134.30 at the end of the last trading period.

For HP Inc HPQ, JP Morgan upgraded the previous rating of Neutral to Overweight. For the first quarter, HP had an EPS of $0.75, compared to year-ago quarter EPS of $1.10. The stock has a 52-week-high of $40.74 and a 52-week-low of $24.08. At the end of the last trading period, HP closed at $29.82.

According to Susquehanna, the prior rating for Taiwan Semiconductor Manufacturing Co Ltd TSM was changed from Neutral to Positive. For the fourth quarter, Taiwan Semiconductor had an EPS of $1.82, compared to year-ago quarter EPS of $1.15. The current stock performance of Taiwan Semiconductor shows a 52-week-high of $106.43 and a 52-week-low of $59.44. Moreover, at the end of the last trading period, the closing price was at $87.20.

For Ollie's Bargain Outlet Holdings Inc OLLI, JP Morgan upgraded the previous rating of Underweight to Neutral. Ollie's Bargain Outlet earned $0.84 in the fourth quarter, compared to $0.69 in the year-ago quarter. The stock has a 52-week-high of $72.25 and a 52-week-low of $40.40. At the end of the last trading period, Ollie's Bargain Outlet closed at $57.54.

According to Raymond James, the prior rating for DexCom Inc DXCM was changed from Outperform to Strong Buy. DexCom earned $0.34 in the fourth quarter, compared to $0.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $125.58 and a 52-week-low of $66.94. DexCom closed at $115.70 at the end of the last trading period.

JP Morgan upgraded the previous rating for SLM Corp SLM from Neutral to Overweight. In the fourth quarter, SLM showed an EPS of $0.33, compared to $1.05 from the year-ago quarter. The current stock performance of SLM shows a 52-week-high of $20.16 and a 52-week-low of $10.81. Moreover, at the end of the last trading period, the closing price was at $14.32.

According to JP Morgan, the prior rating for Lumentum Holdings Inc LITE was changed from Neutral to Overweight. In the second quarter, Lumentum Holdings showed an EPS of $1.52, compared to $1.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $96.45 and a 52-week-low of $44.94. Lumentum Holdings closed at $45.24 at the end of the last trading period.

Piper Sandler upgraded the previous rating for Biogen Inc BIIB from Neutral to Overweight. Biogen earned $4.05 in the fourth quarter, compared to $3.39 in the year-ago quarter. The current stock performance of Biogen shows a 52-week-high of $311.79 and a 52-week-low of $187.22. Moreover, at the end of the last trading period, the closing price was at $288.13.

Piper Sandler upgraded the previous rating for Enphase Energy Inc ENPH from Neutral to Overweight. In the fourth quarter, Enphase Energy showed an EPS of $1.51, compared to $0.73 from the year-ago quarter. The stock has a 52-week-high of $339.88 and a 52-week-low of $128.68. At the end of the last trading period, Enphase Energy closed at $208.90.

See all analyst ratings upgrades.

Downgrades

For Prometheus Biosciences Inc RXDX, Guggenheim downgraded the previous rating of Buy to Neutral. Prometheus Biosciences earned $0.90 in the fourth quarter, compared to $0.77 in the year-ago quarter. The current stock performance of Prometheus Biosciences shows a 52-week-high of $129.60 and a 52-week-low of $21.57. Moreover, at the end of the last trading period, the closing price was at $114.01.

Oppenheimer downgraded the previous rating for EverQuote Inc EVER from Outperform to Perform. For the fourth quarter, EverQuote had an EPS of $0.26, compared to year-ago quarter EPS of $0.29. The stock has a 52-week-high of $18.86 and a 52-week-low of $5.25. At the end of the last trading period, EverQuote closed at $8.66.

For Valero Energy Corp VLO, Tudor Pickering downgraded the previous rating of Buy to Hold. For the fourth quarter, Valero Energy had an EPS of $8.45, compared to year-ago quarter EPS of $2.47. The current stock performance of Valero Energy shows a 52-week-high of $160.16 and a 52-week-low of $96.76. Moreover, at the end of the last trading period, the closing price was at $131.86.

UBS downgraded the previous rating for Cushman & Wakefield PLC CWK from Buy to Neutral. In the fourth quarter, Cushman & Wakefield showed an EPS of $0.46, compared to $0.94 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.50 and a 52-week-low of $9.26. Cushman & Wakefield closed at $9.51 at the end of the last trading period.

For Adecoagro SA AGRO, HSBC downgraded the previous rating of Buy to Hold. Adecoagro earned $0.17 in the fourth quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Adecoagro shows a 52-week-high of $13.54 and a 52-week-low of $6.96. Moreover, at the end of the last trading period, the closing price was at $8.98.

B of A Securities downgraded the previous rating for Westlake Corp WLK from Buy to Neutral. Westlake earned $1.79 in the fourth quarter, compared to $4.98 in the year-ago quarter. The current stock performance of Westlake shows a 52-week-high of $140.99 and a 52-week-low of $81.39. Moreover, at the end of the last trading period, the closing price was at $118.12.

B of A Securities downgraded the previous rating for Ecolab Inc ECL from Neutral to Underperform. For the fourth quarter, Ecolab had an EPS of $1.27, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $185.50 and a 52-week-low of $131.04. At the end of the last trading period, Ecolab closed at $164.37.

According to JMP Securities, the prior rating for PENN Entertainment Inc PENN was changed from Market Outperform to Market Perform. PENN Entertainment earned $0.13 in the fourth quarter, compared to $0.26 in the year-ago quarter. The current stock performance of PENN Entertainment shows a 52-week-high of $39.89 and a 52-week-low of $25.49. Moreover, at the end of the last trading period, the closing price was at $28.71.

Baird downgraded the previous rating for Catalent Inc CTLT from Outperform to Neutral. 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 $46.32.

BMO Capital downgraded the previous rating for Essex Property Trust Inc ESS from Market Perform to Underperform. For the fourth quarter, Essex Property Trust had an EPS of $3.77, compared to year-ago quarter EPS of $3.25. The stock has a 52-week-high of $363.00 and a 52-week-low of $195.03. At the end of the last trading period, Essex Property Trust closed at $207.94.

For Kaltura Inc KLTR, B of A Securities downgraded the previous rating of Neutral to Underperform. For the fourth quarter, Kaltura had an EPS of $0.06, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $2.80 and a 52-week-low of $1.33. At the end of the last trading period, Kaltura closed at $1.87.

For ConocoPhillips COP, Mizuho downgraded the previous rating of Buy to Neutral. For the fourth quarter, ConocoPhillips had an EPS of $2.71, compared to year-ago quarter EPS of $2.27. At the moment, the stock has a 52-week-high of $138.46 and a 52-week-low of $78.30. ConocoPhillips closed at $108.50 at the end of the last trading period.

Raymond James downgraded the previous rating for AngioDynamics Inc ANGO from Strong Buy to Outperform. For the third quarter, AngioDynamics had an EPS of $0.03, compared to year-ago quarter EPS of $0.03. The current stock performance of AngioDynamics shows a 52-week-high of $24.84 and a 52-week-low of $8.60. Moreover, at the end of the last trading period, the closing price was at $9.09.

For Texas Roadhouse Inc TXRH, Raymond James downgraded the previous rating of Outperform to Market Perform. In the fourth quarter, Texas Roadhouse showed an EPS of $0.89, compared to $0.76 from the year-ago quarter. The stock has a 52-week-high of $113.20 and a 52-week-low of $68.58. At the end of the last trading period, Texas Roadhouse closed at $109.89.

HC Wainwright & Co. downgraded the previous rating for Talaris Therapeutics Inc TALS from Buy to Neutral. Talaris Therapeutics earned $0.44 in the fourth quarter, compared to $0.35 in the year-ago quarter. The current stock performance of Talaris Therapeutics shows a 52-week-high of $9.86 and a 52-week-low of $0.89. Moreover, at the end of the last trading period, the closing price was at $1.94.

For Ovintiv Inc OVV, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Ovintiv earned $0.91 in the fourth quarter, compared to $1.25 in the year-ago quarter. The stock has a 52-week-high of $63.29 and a 52-week-low of $32.26. At the end of the last trading period, Ovintiv closed at $38.55.

Jefferies downgraded the previous rating for CommScope Holding Co Inc COMM from Buy to Hold. For the fourth quarter, CommScope Hldg Co had an EPS of $0.49, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $13.73 and a 52-week-low of $5.28. CommScope Hldg Co closed at $5.33 at the end of the last trading period.

According to Jefferies, the prior rating for ViewRay Inc VRAY was changed from Buy to Hold. ViewRay earned $0.15 in the fourth quarter, compared to $0.16 in the year-ago quarter. The current stock performance of ViewRay shows a 52-week-high of $4.96 and a 52-week-low of $1.26. Moreover, at the end of the last trading period, the closing price was at $1.30.

For Teradyne Inc TER, JP Morgan downgraded the previous rating of Neutral to Underweight. In the fourth quarter, Teradyne showed an EPS of $0.92, compared to $1.37 from the year-ago quarter. The current stock performance of Teradyne shows a 52-week-high of $117.37 and a 52-week-low of $67.81. Moreover, at the end of the last trading period, the closing price was at $100.75.

For Wolfspeed Inc WOLF, JP Morgan downgraded the previous rating of Overweight to Neutral. Wolfspeed earned $0.11 in the second quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $125.40 and a 52-week-low of $55.26. Wolfspeed closed at $56.23 at the end of the last trading period.

JP Morgan downgraded the previous rating for Cepton Inc CPTN from Neutral to Underweight. In the fourth quarter, Cepton showed an EPS of $0.09, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.20 and a 52-week-low of $0.38. Cepton closed at $0.40 at the end of the last trading period.

According to New Street Research, the prior rating for Meta Platforms Inc META was changed from Buy to Neutral. For the fourth quarter, Meta Platforms had an EPS of $1.76, compared to year-ago quarter EPS of $3.67. The current stock performance of Meta Platforms shows a 52-week-high of $222.11 and a 52-week-low of $88.10. Moreover, at the end of the last trading period, the closing price was at $221.49.

According to Wolfe Research, the prior rating for The AES Corp AES was changed from Outperform to Peer Perform. In the fourth quarter, AES showed an EPS of $0.49, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.87 and a 52-week-low of $18.62. AES closed at $24.86 at the end of the last trading period.

JP Morgan downgraded the previous rating for Dell Technologies Inc DELL from Overweight to Neutral. In the fourth quarter, Dell Technologies showed an EPS of $1.80, compared to $1.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.56 and a 52-week-low of $32.90. Dell Technologies closed at $43.28 at the end of the last trading period.

According to Stifel, the prior rating for Prometheus Biosciences Inc RXDX was changed from Buy to Hold. For the fourth quarter, Prometheus Biosciences had an EPS of $0.90, compared to year-ago quarter EPS of $0.77. The stock has a 52-week-high of $129.60 and a 52-week-low of $21.57. At the end of the last trading period, Prometheus Biosciences closed at $114.01.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on Symbotic Inc SYM. The price target seems to have been set at $35.00 for Symbotic. The stock has a 52-week-high of $30.29 and a 52-week-low of $8.75. At the end of the last trading period, Symbotic closed at $27.94.

UBS initiated coverage on Okta Inc OKTA with a Buy rating. The price target for Okta is set to $100.00. For the fourth quarter, Okta had an EPS of $0.30, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $150.80 and a 52-week-low of $44.13. Okta closed at $74.30 at the end of the last trading period.

UBS initiated coverage on Helen Of Troy Ltd HELE with a Neutral rating. The price target for Helen Of Troy is set to $99.00. Helen Of Troy earned $2.75 in the third quarter, compared to $3.72 in the year-ago quarter. The current stock performance of Helen Of Troy shows a 52-week-high of $221.52 and a 52-week-low of $83.00. Moreover, at the end of the last trading period, the closing price was at $88.86.

EF Hutton initiated coverage on Opthea Ltd OPT with a Buy rating. The price target for Opthea is set to $23.00. None

Wells Fargo initiated coverage on Viridian Therapeutics Inc VRDN with an Overweight rating. The price target for Viridian Therapeutics is set to $46.00. In the fourth quarter, Viridian Therapeutics showed an EPS of $1.13, compared to $1.32 from the year-ago quarter. The stock has a 52-week-high of $39.00 and a 52-week-low of $9.47. At the end of the last trading period, Viridian Therapeutics closed at $25.20.

Alliance Global Partners initiated coverage on PHX Minerals Inc PHX with a Buy rating. The price target for PHX Minerals is set to $5.00. For the first quarter, PHX Minerals had an EPS of $0.09, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $4.97 and a 52-week-low of $2.33. PHX Minerals closed at $2.81 at the end of the last trading period.

B of A Securities initiated coverage on Travel+Leisure Co TNL with an Underperform rating. The price target for Travel+Leisure is set to $42.00. Travel+Leisure earned $1.30 in the fourth quarter, compared to $1.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.26 and a 52-week-low of $33.71. Travel+Leisure closed at $39.47 at the end of the last trading period.

With a Neutral rating, B of A Securities initiated coverage on Hilton Grand Vacations Inc HGV. The price target seems to have been set at $50.00 for Hilton Grand Vacations. In the fourth quarter, Hilton Grand Vacations showed an EPS of $1.01, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $52.56 and a 52-week-low of $32.13. At the end of the last trading period, Hilton Grand Vacations closed at $46.80.

William Blair initiated coverage on Autodesk Inc ADSK with an Outperform rating. For the fourth quarter, Autodesk had an EPS of $1.86, compared to year-ago quarter EPS of $1.50. The current stock performance of Autodesk shows a 52-week-high of $234.99 and a 52-week-low of $163.20. Moreover, at the end of the last trading period, the closing price was at $194.66.

HC Wainwright & Co. initiated coverage on Rallybio Corp RLYB with a Buy rating. The price target for Rallybio is set to $18.00. For the fourth quarter, Rallybio had an EPS of $0.46, compared to year-ago quarter EPS of $0.42. At the moment, the stock has a 52-week-high of $15.87 and a 52-week-low of $4.15. Rallybio closed at $4.31 at the end of the last trading period.

Wolfe Research initiated coverage on Check Point Software Technologies Ltd CHKP with an Outperform rating. The price target for Check Point Software is set to $151.00. In the fourth quarter, Check Point Software showed an EPS of $2.45, compared to $2.25 from the year-ago quarter. The current stock performance of Check Point Software shows a 52-week-high of $145.12 and a 52-week-low of $107.54. Moreover, at the end of the last trading period, the closing price was at $132.41.

With a Neutral rating, Piper Sandler initiated coverage on Staar Surgical Co STAA. The price target seems to have been set at $65.00 for Staar Surgical. Staar Surgical earned $0.14 in the fourth quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $112.23 and a 52-week-low of $46.41. At the end of the last trading period, Staar Surgical closed at $66.47.

With a Market Perform rating, BMO Capital initiated coverage on Fluence Energy Inc FLNC. The price target seems to have been set at $24.00 for Fluence Energy. Fluence Energy earned $0.11 in the first quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.78 and a 52-week-low of $4.96. Fluence Energy closed at $21.35 at the end of the last trading period.

Goldman Sachs initiated coverage on Corsair Gaming Inc CRSR with a Neutral rating. The price target for Corsair Gaming is set to $20.00. For the fourth quarter, Corsair Gaming had an EPS of $0.20, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $20.41 and a 52-week-low of $10.97. At the end of the last trading period, Corsair Gaming closed at $17.60.

See all analyst ratings initiations.

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