Benzinga's Top Ratings Upgrades, Downgrades For September 29, 2023

Upgrades

For Nike Inc (NYSE:NKE), Williams Trading upgraded the previous rating of Sell to Hold. Nike earned $0.94 in the first quarter, compared to $0.93 in the year-ago quarter. The stock has a 52-week-high of $131.31 and a 52-week-low of $82.24. At the end of the last trading period, Nike closed at $89.63.

Mizuho upgraded the previous rating for Spire Inc (NYSE:SR) from Neutral to Buy. In the third quarter, Spire showed an EPS of $0.42, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $75.83 and a 52-week-low of $55.34. At the end of the last trading period, Spire closed at $55.90.

For Ball Corp (NYSE:BALL), Jefferies upgraded the previous rating of Hold to Buy. For the second quarter, Ball had an EPS of $0.61, compared to year-ago quarter EPS of $0.82. The current stock performance of Ball shows a 52-week-high of $62.14 and a 52-week-low of $46.00. Moreover, at the end of the last trading period, the closing price was at $48.17.

BMO Capital upgraded the previous rating for Baytex Energy Corp (NYSE:BTE) from Market Perform to Outperform. In the second quarter, Baytex Energy showed an EPS of $0.27, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $4.43 and a 52-week-low of $2.89. At the end of the last trading period, Baytex Energy closed at $4.31.

See all analyst ratings upgrades.

Downgrades

Mizuho downgraded the previous rating for Sunoco LP (NYSE:SUN) from Buy to Neutral. For the second quarter, Sunoco had an EPS of $0.78, compared to year-ago quarter EPS of $1.20. The stock has a 52-week-high of $51.85 and a 52-week-low of $37.40. At the end of the last trading period, Sunoco closed at $51.22.

According to Northcoast Research, the prior rating for Badger Meter Inc (NYSE:BMI) was changed from Neutral to Sell. Badger Meter earned $0.76 in the second quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $170.86 and a 52-week-low of $88.78. Badger Meter closed at $155.49 at the end of the last trading period.

Edward Jones downgraded the previous rating for Berkshire Hathaway Inc (NYSE:BRK) from Buy to Hold. For the second quarter, Berkshire Hathaway had an EPS of $6928.40, compared to year-ago quarter EPS of $6312.49.

See all analyst ratings downgrades.

Initiations

For Lantheus Holdings Inc (NASDAQ:LNTH), William Blair initiated coverage, by setting the current rating at Outperform. Lantheus Holdings earned $1.54 in the second quarter, compared to $0.89 in the year-ago quarter. The stock has a 52-week-high of $100.85 and a 52-week-low of $47.46. At the end of the last trading period, Lantheus Holdings closed at $69.53.

With a Buy rating, HSBC initiated coverage on Fortinet Inc (NASDAQ:FTNT). The price target seems to have been set at $75.00 for Fortinet. Fortinet earned $0.38 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $81.24 and a 52-week-low of $42.69. At the end of the last trading period, Fortinet closed at $58.60.

HSBC initiated coverage on Fair Isaac Corp (NYSE:FICO) with a Reduce rating. The price target for Fair Isaac is set to $729.00. Fair Isaac earned $5.66 in the third quarter, compared to $4.47 in the year-ago quarter. The stock has a 52-week-high of $916.41 and a 52-week-low of $391.84. At the end of the last trading period, Fair Isaac closed at $886.84.

With a Buy rating, HSBC initiated coverage on FedEx Corp (NYSE:FDX). The price target seems to have been set at $330.00 for FedEx. FedEx earned $4.55 in the first quarter, compared to $3.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $270.95 and a 52-week-low of $144.91. FedEx closed at $266.44 at the end of the last trading period.

See all analyst ratings initiations.

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