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© 2026 Benzinga | All Rights Reserved
October 13, 2023 11:00 AM 14 min read

Benzinga's Top Ratings Upgrades, Downgrades For October 13, 2023

by Benzinga Insights Benzinga Staff Writer
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ArticleFeaturedTickersList12345!!!

Upgrades

Northland Capital Markets upgraded the previous rating for SolarEdge Technologies Inc (NASDAQ:SEDG) from Market Perform to Outperform. SolarEdge Technologies earned $2.62 in the second quarter, compared to $0.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $345.80 and a 52-week-low of $116.56. SolarEdge Technologies closed at $120.65 at the end of the last trading period.

For Oshkosh Corp (NYSE:OSK), Citigroup upgraded the previous rating of Neutral to Buy. In the second quarter, Oshkosh showed an EPS of $2.69, compared to $0.41 from the year-ago quarter. The current stock performance of Oshkosh shows a 52-week-high of $106.66 and a 52-week-low of $72.09. Moreover, at the end of the last trading period, the closing price was at $94.27.

For Dollar General Corp (NYSE:DG), Gordon Haskett upgraded the previous rating of Hold to Buy. In the second quarter, Dollar Gen showed an EPS of $2.13, compared to $2.98 from the year-ago quarter. At the moment, the stock has a 52-week-high of $261.57 and a 52-week-low of $101.09. Dollar Gen closed at $101.83 at the end of the last trading period.

For MorphoSys AG (NASDAQ:MOR), Morgan Stanley upgraded the previous rating of Underweight to Overweight. For the second quarter, MorphoSys had an EPS of $0.59, compared to year-ago quarter EPS of $1.83. The current stock performance of MorphoSys shows a 52-week-high of $8.67 and a 52-week-low of $3.19. Moreover, at the end of the last trading period, the closing price was at $6.16.

For Kilroy Realty Corp (NYSE:KRC), Jefferies upgraded the previous rating of Hold to Buy. In the second quarter, Kilroy Realty showed an EPS of $1.19, compared to $1.17 from the year-ago quarter. The current stock performance of Kilroy Realty shows a 52-week-high of $45.02 and a 52-week-low of $25.99. Moreover, at the end of the last trading period, the closing price was at $30.15.

Needham upgraded the previous rating for Applied Materials Inc (NASDAQ:AMAT) from Hold to Buy. Applied Mat earned $1.90 in the third quarter, compared to $1.94 in the year-ago quarter. The stock has a 52-week-high of $155.26 and a 52-week-low of $71.18. At the end of the last trading period, Applied Mat closed at $145.00.

For Lam Research Corp (NASDAQ:LRCX), Needham upgraded the previous rating of Hold to Buy. Lam Research earned $5.98 in the fourth quarter, compared to $8.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $726.52 and a 52-week-low of $299.63. Lam Research closed at $654.96 at the end of the last trading period.

According to Baird, the prior rating for Mister Car Wash Inc (NYSE:MCW) was changed from Neutral to Outperform. Mister Car Wash earned $0.08 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $11.14 and a 52-week-low of $5.14. At the end of the last trading period, Mister Car Wash closed at $5.32.

For Hecla Mining Co (NYSE:HL), Roth MKM upgraded the previous rating of Neutral to Buy. Hecla Mining earned $0.03 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.00 and a 52-week-low of $3.55. Hecla Mining closed at $3.66 at the end of the last trading period.

According to UBS, the prior rating for Immunovant Inc (NASDAQ:IMVT) was changed from Neutral to Buy. Immunovant earned $0.57 in the first quarter, compared to $0.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $44.19 and a 52-week-low of $8.57. Immunovant closed at $35.28 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Fortinet Inc (NASDAQ:FTNT), Barclays downgraded the previous rating of Overweight to Equal-Weight. 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 $58.00.

For Arcutis Biotherapeutics Inc (NASDAQ:ARQT), Goldman Sachs downgraded the previous rating of Buy to Neutral. Arcutis Biotherapeutics earned $1.16 in the second quarter, compared to $1.31 in the year-ago quarter. The stock has a 52-week-high of $20.08 and a 52-week-low of $3.84. At the end of the last trading period, Arcutis Biotherapeutics closed at $3.88.

For TechnipFMC PLC (NYSE:FTI), Jefferies downgraded the previous rating of Buy to Hold. In the second quarter, TechnipFMC showed an EPS of $0.10, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.67 and a 52-week-low of $8.97. TechnipFMC closed at $20.02 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Hold rating, HSBC initiated coverage on Block Inc (NYSE:SQ). The price target seems to have been set at $46.00 for Block. In the second quarter, Block showed an EPS of $0.39, compared to $0.18 from the year-ago quarter. The stock has a 52-week-high of $89.97 and a 52-week-low of $40.77. At the end of the last trading period, Block closed at $45.45.

With a Hold rating, HSBC initiated coverage on Visa Inc (NYSE:V). The price target seems to have been set at $266.00 for Visa. Visa earned $2.16 in the third quarter, compared to $1.98 in the year-ago quarter. The stock has a 52-week-high of $250.58 and a 52-week-low of $174.83. At the end of the last trading period, Visa closed at $236.78.

See all analyst ratings initiations.

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Posted In:
UpgradesDowngradesInitiationIntraday UpdateAnalyst RatingsBZI-Ratings
AFYA Logo
AFYAAfya Ltd
$15.43-%
Overview
AMAT Logo
AMATApplied Materials Inc
$322.00-0.16%
ARQT Logo
ARQTArcutis Biotherapeutics Inc
$27.30-0.07%
AXP Logo
AXPAmerican Express Co
$359.15-%
COF Logo
COFCapital One Financial Corp
$222.25-0.24%
CPB Logo
CPBThe Campbell's Co
$28.75-0.28%
DG Logo
DGDollar General Corp
$146.51-0.09%
DV Logo
DVDoubleVerify Holdings Inc
$9.34-%
ES Logo
ESEversource Energy
$68.101.10%
FTI Logo
FTITechnipFMC PLC
$59.701.08%
FTNT Logo
FTNTFortinet Inc
$82.76-%
GRPN Logo
GRPNGroupon Inc
$13.390.78%
HL Logo
HLHecla Mining Co
$22.880.48%
HSY Logo
HSYThe Hershey Co
$229.76-0.76%
IMVT Logo
IMVTImmunovant Inc
$26.94-0.41%
INMD Logo
INMDInMode Ltd
$15.090.07%
JD Logo
JDJD.com Inc
$28.100.11%
KRC Logo
KRCKilroy Realty Corp
$35.002.01%
LRCX Logo
LRCXLam Research Corp
$230.65-0.16%
MA Logo
MAMastercard Inc
$548.60-0.03%
MCW Logo
MCWMister Car Wash Inc
$6.09-0.81%
MED Logo
MEDMedifast Inc
$11.36-%
NFLX Logo
NFLXNetflix Inc
$82.06-0.17%
OM Logo
OMOutset Medical Inc
$4.602.22%
OSK Logo
OSKOshkosh Corp
$169.00-1.58%
POST Logo
POSTPost Holdings Inc
$114.619.77%
PYPL Logo
PYPLPayPal Holdings Inc
$40.42-%
SEDG Logo
SEDGSolarEdge Technologies Inc
$35.81-0.31%
SYF Logo
SYFSynchrony Financial
$75.16-%
THS Logo
THSTreehouse Foods Inc
$24.63-%
TSCO Logo
TSCOTractor Supply Co
$54.66-1.70%
V Logo
VVisa Inc
$331.33-0.08%
VEEV Logo
VEEVVeeva Systems Inc
$183.65-%
VRNS Logo
VRNSVaronis Systems Inc
$22.65-%
XPOF Logo
XPOFXponential Fitness Inc
$8.55-%

For Afya Ltd (NASDAQ:AFYA), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the second quarter, Afya showed an EPS of $0.29, compared to $0.26 from the year-ago quarter. The current stock performance of Afya shows a 52-week-high of $17.17 and a 52-week-low of $9.66. Moreover, at the end of the last trading period, the closing price was at $15.43.

For Varonis Systems Inc (NASDAQ:VRNS), Barclays upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Varonis Systems had an EPS of $0.01, compared to year-ago quarter EPS of $0.00. The current stock performance of Varonis Systems shows a 52-week-high of $32.64 and a 52-week-low of $15.61. Moreover, at the end of the last trading period, the closing price was at $30.04.

B of A Securities downgraded the previous rating for Outset Medical Inc (NASDAQ:OM) from Buy to Underperform. In the second quarter, Outset Medical showed an EPS of $0.69, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.55 and a 52-week-low of $6.70. Outset Medical closed at $6.77 at the end of the last trading period.

According to Guggenheim, the prior rating for Eversource Energy (NYSE:ES) was changed from Buy to Neutral. For the second quarter, Eversource Energy had an EPS of $1.00, compared to year-ago quarter EPS of $0.86. The current stock performance of Eversource Energy shows a 52-week-high of $87.71 and a 52-week-low of $53.10. Moreover, at the end of the last trading period, the closing price was at $54.56.

Oppenheimer downgraded the previous rating for Tractor Supply Co (NASDAQ:TSCO) from Outperform to Perform. In the second quarter, Tractor Supply showed an EPS of $3.83, compared to $3.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $251.17 and a 52-week-low of $187.47. Tractor Supply closed at $196.75 at the end of the last trading period.

According to Wolfe Research, the prior rating for Netflix Inc (NASDAQ:NFLX) was changed from Outperform to Peer Perform. In the second quarter, Netflix showed an EPS of $3.29, compared to $3.20 from the year-ago quarter. The current stock performance of Netflix shows a 52-week-high of $485.00 and a 52-week-low of $211.81. Moreover, at the end of the last trading period, the closing price was at $361.20.

According to Canaccord Genuity, the prior rating for InMode Ltd (NASDAQ:INMD) was changed from Buy to Hold. For the second quarter, InMode had an EPS of $0.72, compared to year-ago quarter EPS of $0.59. The current stock performance of InMode shows a 52-week-high of $48.25 and a 52-week-low of $21.14. Moreover, at the end of the last trading period, the closing price was at $22.40.

Morgan Stanley downgraded the previous rating for JD.com Inc (NASDAQ:JD) from Overweight to Equal-Weight. For the second quarter, JD.com had an EPS of $0.74, compared to year-ago quarter EPS of $0.61. The current stock performance of JD.com shows a 52-week-high of $67.09 and a 52-week-low of $27.55. Moreover, at the end of the last trading period, the closing price was at $27.83.

According to Macquarie, the prior rating for JD.com Inc (NASDAQ:JD) was changed from Outperform to Neutral. JD.com earned $0.74 in the second quarter, compared to $0.61 in the year-ago quarter. The current stock performance of JD.com shows a 52-week-high of $67.09 and a 52-week-low of $27.55. Moreover, at the end of the last trading period, the closing price was at $27.83.

Raymond James initiated coverage on DoubleVerify Holdings Inc (NYSE:DV) with an Outperform rating. The price target for DoubleVerify Hldgs is set to $1.00. In the second quarter, DoubleVerify Hldgs showed an EPS of $0.07, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.51 and a 52-week-low of $20.38. DoubleVerify Hldgs closed at $27.80 at the end of the last trading period.

With a Hold rating, HSBC initiated coverage on Synchrony Financial (NYSE:SYF). The price target seems to have been set at $32.00 for Synchrony Finl. Synchrony Finl earned $1.32 in the second quarter, compared to $1.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $40.88 and a 52-week-low of $26.59. Synchrony Finl closed at $29.43 at the end of the last trading period.

With a Reduce rating, HSBC initiated coverage on Capital One Financial Corp (NYSE:COF). The price target seems to have been set at $84.00 for Capital One Finl. For the second quarter, Capital One Finl had an EPS of $3.52, compared to year-ago quarter EPS of $4.96. The current stock performance of Capital One Finl shows a 52-week-high of $123.09 and a 52-week-low of $83.93. Moreover, at the end of the last trading period, the closing price was at $96.91.

With a Buy rating, HSBC initiated coverage on Discover Financial Services (NYSE:DFS). The price target seems to have been set at $104.00 for Discover Finl. Discover Finl earned $3.54 in the second quarter, compared to $3.96 in the year-ago quarter. The current stock performance of Discover Finl shows a 52-week-high of $122.50 and a 52-week-low of $84.43. Moreover, at the end of the last trading period, the closing price was at $90.73.

HSBC initiated coverage on PayPal Holdings Inc (NASDAQ:PYPL) with a Buy rating. The price target for PayPal Holdings is set to $69.00. PayPal Holdings earned $1.16 in the second quarter, compared to $0.93 in the year-ago quarter. The current stock performance of PayPal Holdings shows a 52-week-high of $92.62 and a 52-week-low of $55.86. Moreover, at the end of the last trading period, the closing price was at $56.35.

With a Hold rating, HSBC initiated coverage on Mastercard Inc (NYSE:MA). The price target seems to have been set at $424.00 for Mastercard. For the second quarter, Mastercard had an EPS of $2.89, compared to year-ago quarter EPS of $2.56. At the moment, the stock has a 52-week-high of $418.60 and a 52-week-low of $276.91. Mastercard closed at $399.90 at the end of the last trading period.

HSBC initiated coverage on American Express Co (NYSE:AXP) with a Buy rating. The price target for American Express is set to $181.00. American Express earned $2.89 in the second quarter, compared to $2.57 in the year-ago quarter. The stock has a 52-week-high of $182.15 and a 52-week-low of $130.82. At the end of the last trading period, American Express closed at $151.28.

With an Overweight rating, JP Morgan initiated coverage on Post Holdings Inc (NYSE:POST). The price target seems to have been set at $100.00 for Post Hldgs. In the third quarter, Post Hldgs showed an EPS of $1.52, compared to $0.69 from the year-ago quarter. At the moment, the stock has a 52-week-high of $98.84 and a 52-week-low of $78.84. Post Hldgs closed at $79.62 at the end of the last trading period.

Jefferies initiated coverage on Veeva Systems Inc (NYSE:VEEV) with a Buy rating. The price target for Veeva Sys is set to $265.00. In the second quarter, Veeva Sys showed an EPS of $1.21, compared to $1.03 from the year-ago quarter. The current stock performance of Veeva Sys shows a 52-week-high of $225.49 and a 52-week-low of $151.06. Moreover, at the end of the last trading period, the closing price was at $215.97.

Stifel initiated coverage on Xponential Fitness Inc (NYSE:XPOF) with a Hold rating. The price target for Xponential Fitness is set to $18.00. For the second quarter, Xponential Fitness had an EPS of $0.07, compared to year-ago quarter EPS of $0.07. The current stock performance of Xponential Fitness shows a 52-week-high of $33.58 and a 52-week-low of $14.51. Moreover, at the end of the last trading period, the closing price was at $14.76.

Stephens & Co. initiated coverage on Treehouse Foods Inc (NYSE:THS) with a Equal-Weight rating. The price target for Treehouse Foods is set to $48.00. Treehouse Foods earned $0.42 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.30 and a 52-week-low of $38.18. Treehouse Foods closed at $38.78 at the end of the last trading period.

With a Equal-Weight rating, Stephens & Co. initiated coverage on Medifast Inc (NYSE:MED). The price target seems to have been set at $82.00 for Medifast. In the second quarter, Medifast showed an EPS of $2.77, compared to $3.87 from the year-ago quarter. The current stock performance of Medifast shows a 52-week-high of $131.42 and a 52-week-low of $69.58. Moreover, at the end of the last trading period, the closing price was at $70.58.

Stephens & Co. initiated coverage on Lancaster Colony Corp (NASDAQ:LANC) with an Overweight rating. The price target for Lancaster Colony is set to $205.00. In the fourth quarter, Lancaster Colony showed an EPS of $1.19, compared to $1.06 from the year-ago quarter. The stock has a 52-week-high of $220.65 and a 52-week-low of $158.88. At the end of the last trading period, Lancaster Colony closed at $168.29.

With an Overweight rating, Stephens & Co. initiated coverage on Campbell Soup Co (NYSE:CPB). The price target seems to have been set at $50.00 for Campbell Soup. In the fourth quarter, Campbell Soup showed an EPS of $0.50, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $57.76 and a 52-week-low of $37.94. At the end of the last trading period, Campbell Soup closed at $38.06.

Roth MKM initiated coverage on Groupon Inc (NASDAQ:GRPN) with a Buy rating. The price target for Groupon is set to $30.00. Groupon earned $0.10 in the second quarter, compared to $0.34 in the year-ago quarter. The current stock performance of Groupon shows a 52-week-high of $16.25 and a 52-week-low of $2.89. Moreover, at the end of the last trading period, the closing price was at $10.94.

With an Overweight rating, Stephens & Co. initiated coverage on The Hershey Co (NYSE:HSY). The price target seems to have been set at $240.00 for Hershey. Hershey earned $2.01 in the second quarter, compared to $1.80 in the year-ago quarter. At the moment, the stock has a 52-week-high of $276.88 and a 52-week-low of $186.62. Hershey closed at $187.65 at the end of the last trading period.

AFYA Logo
AFYAAfya Ltd
$15.43-%
Overview
AMAT Logo
AMATApplied Materials Inc
$322.00-0.16%
ARQT Logo
ARQTArcutis Biotherapeutics Inc
$27.30-0.07%
AXP Logo
AXPAmerican Express Co
$359.15-%
COF Logo
COFCapital One Financial Corp
$222.25-0.24%
CPB Logo
CPBThe Campbell's Co
$28.75-0.28%
DG Logo
DGDollar General Corp
$146.51-0.09%
DV Logo
DVDoubleVerify Holdings Inc
$9.34-%
ES Logo
ESEversource Energy
$68.101.10%
FTI Logo
FTITechnipFMC PLC
$59.701.08%
FTNT Logo
FTNTFortinet Inc
$82.76-%
GRPN Logo
GRPNGroupon Inc
$13.390.78%
HL Logo
HLHecla Mining Co
$22.880.48%
HSY Logo
HSYThe Hershey Co
$229.76-0.76%
IMVT Logo
IMVTImmunovant Inc
$26.94-0.41%
INMD Logo
INMDInMode Ltd
$15.090.07%
JD Logo
JDJD.com Inc
$28.100.11%
KRC Logo
KRCKilroy Realty Corp
$35.002.01%
LRCX Logo
LRCXLam Research Corp
$230.65-0.16%
MA Logo
MAMastercard Inc
$548.60-0.03%
MCW Logo
MCWMister Car Wash Inc
$6.09-0.81%
MED Logo
MEDMedifast Inc
$11.36-%
NFLX Logo
NFLXNetflix Inc
$82.06-0.17%
OM Logo
OMOutset Medical Inc
$4.602.22%
OSK Logo
OSKOshkosh Corp
$169.00-1.58%
POST Logo
POSTPost Holdings Inc
$114.619.77%
PYPL Logo
PYPLPayPal Holdings Inc
$40.42-%
SEDG Logo
SEDGSolarEdge Technologies Inc
$35.81-0.31%
SYF Logo
SYFSynchrony Financial
$75.16-%
THS Logo
THSTreehouse Foods Inc
$24.63-%
TSCO Logo
TSCOTractor Supply Co
$54.66-1.70%
V Logo
VVisa Inc
$331.33-0.08%
VEEV Logo
VEEVVeeva Systems Inc
$183.65-%
VRNS Logo
VRNSVaronis Systems Inc
$22.65-%
XPOF Logo
XPOFXponential Fitness Inc
$8.55-%
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