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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For April 8, 2022

Upgrades

UBS upgraded the previous rating for First Republic Bank (NYSE:FRC) from Neutral to Buy. For the fourth quarter, First Republic Bank had an EPS of $2.02, compared to year-ago quarter EPS of $1.60. The current stock performance of First Republic Bank shows a 52-week-high of $222.86 and a 52-week-low of $153.84. Moreover, at the end of the last trading period, the closing price was at $156.91.

According to Gordon Haskett, the prior rating for Target Corp (NYSE:TGT) was changed from Hold to Buy. For the fourth quarter, Target had an EPS of $3.19, compared to year-ago quarter EPS of $2.67. The current stock performance of Target shows a 52-week-high of $268.98 and a 52-week-low of $184.00. Moreover, at the end of the last trading period, the closing price was at $228.19.

DA Davidson upgraded the previous rating for WD-40 Co (NASDAQ:WDFC) from Underperform to Neutral. For the second quarter, WD-40 had an EPS of $1.41, compared to year-ago quarter EPS of $1.24. The stock has a 52-week-high of $321.41 and a 52-week-low of $170.44. At the end of the last trading period, WD-40 closed at $174.51.

According to UBS, the prior rating for ITT Inc (NYSE:ITT) was changed from Neutral to Buy. In the fourth quarter, ITT showed an EPS of $1.06, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $105.54 and a 52-week-low of $70.95. ITT closed at $71.52 at the end of the last trading period.

For The Kroger Co (NYSE:KR), B of A Securities upgraded the previous rating of Neutral to Buy. In the fourth quarter, Kroger showed an EPS of $0.91, compared to $0.81 from the year-ago quarter. The stock has a 52-week-high of $62.58 and a 52-week-low of $35.60. At the end of the last trading period, Kroger closed at $59.88.

Credit Suisse upgraded the previous rating for Afya Ltd (NASDAQ:AFYA) from Neutral to Outperform. Afya earned $0.17 in the fourth quarter, compared to $0.17 in the year-ago quarter. The current stock performance of Afya shows a 52-week-high of $28.23 and a 52-week-low of $11.67. Moreover, at the end of the last trading period, the closing price was at $14.52.

For C.H. Robinson Worldwide Inc (NASDAQ:CHRW), JP Morgan upgraded the previous rating of Neutral to Overweight. C.H. Robinson Worldwide earned $1.74 in the fourth quarter, compared to $1.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $112.15 and a 52-week-low of $84.67. C.H. Robinson Worldwide closed at $100.87 at the end of the last trading period.

RBC Capital upgraded the previous rating for Gatos Silver Inc (NYSE:GATO) from Underperform to Sector Perform. The stock has a 52-week-high of $20.26 and a 52-week-low of $2.68. At the end of the last trading period, Gatos Silver closed at $4.49.

For AppFolio Inc (NASDAQ:APPF), Keybanc upgraded the previous rating of Sector Weight to Overweight. AppFolio earned $0.04 in the fourth quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $150.78 and a 52-week-low of $103.63. At the end of the last trading period, AppFolio closed at $111.01.

See all analyst ratings upgrades.

Downgrades

According to Goldman Sachs, the prior rating for AvidXchange Holdings Inc (NASDAQ:AVDX) was changed from Buy to Neutral. The stock has a 52-week-high of $27.43 and a 52-week-low of $6.50. At the end of the last trading period, AvidXchange Holdings closed at $7.85.

For Truist Financial Corp (NYSE:TFC), B of A Securities downgraded the previous rating of Buy to Neutral. In the fourth quarter, Truist Financial showed an EPS of $1.38, compared to $1.18 from the year-ago quarter. The stock has a 52-week-high of $68.95 and a 52-week-low of $51.87. At the end of the last trading period, Truist Financial closed at $53.88.

B of A Securities downgraded the previous rating for Huntington Bancshares Inc (NASDAQ:HBAN) from Buy to Neutral. Huntington Bancshares earned $0.36 in the fourth quarter, compared to $0.27 in the year-ago quarter. The current stock performance of Huntington Bancshares shows a 52-week-high of $17.79 and a 52-week-low of $13.01. Moreover, at the end of the last trading period, the closing price was at $13.85.

UBS downgraded the previous rating for U.S. Bancorp (NYSE:USB) from Buy to Neutral. U.S. Bancorp earned $1.07 in the fourth quarter, compared to $0.95 in the year-ago quarter. The stock has a 52-week-high of $63.57 and a 52-week-low of $51.92. At the end of the last trading period, U.S. Bancorp closed at $52.58.

Redburn Partners downgraded the previous rating for Expedia Group Inc (NASDAQ:EXPE) from Buy to Neutral. For the fourth quarter, Expedia Group had an EPS of $1.06, compared to year-ago quarter EPS of $2.64. The current stock performance of Expedia Group shows a 52-week-high of $217.72 and a 52-week-low of $136.77. Moreover, at the end of the last trading period, the closing price was at $181.98.

According to Maxim Group, the prior rating for Agile Therapeutics Inc (NASDAQ:AGRX) was changed from Buy to Hold. Agile Therapeutics earned $0.20 in the fourth quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.08 and a 52-week-low of $0.16. Agile Therapeutics closed at $0.16 at the end of the last trading period.

Craig-Hallum downgraded the previous rating for Apogee Enterprises Inc (NASDAQ:APOG) from Buy to Hold. In the fourth quarter, Apogee Enterprises showed an EPS of $0.91, compared to $0.63 from the year-ago quarter. The current stock performance of Apogee Enterprises shows a 52-week-high of $50.45 and a 52-week-low of $33.88. Moreover, at the end of the last trading period, the closing price was at $45.11.

According to Baird, the prior rating for Terex Corp (NYSE:TEX) was changed from Outperform to Neutral. Terex earned $0.82 in the fourth quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $55.60 and a 52-week-low of $32.43. At the end of the last trading period, Terex closed at $33.44.

For REV Group Inc (NYSE:REVG), Baird downgraded the previous rating of Outperform to Neutral. For the first quarter, REV Group had an EPS of $0.13, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $22.23 and a 52-week-low of $11.20. REV Group closed at $12.55 at the end of the last trading period.

Baird downgraded the previous rating for Oshkosh Corp (NYSE:OSK) from Outperform to Neutral. Oshkosh earned $0.09 in the first quarter, compared to $1.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $137.47 and a 52-week-low of $95.16. Oshkosh closed at $95.50 at the end of the last trading period.

Baird downgraded the previous rating for Manitowoc Co Inc (NYSE:MTW) from Outperform to Neutral. For the fourth quarter, Manitowoc Co had an EPS of $0.27, compared to year-ago quarter EPS of $0.19. At the moment, the stock has a 52-week-high of $28.32 and a 52-week-low of $13.37. Manitowoc Co closed at $13.73 at the end of the last trading period.

Baird downgraded the previous rating for Astec Industries Inc (NASDAQ:ASTE) from Outperform to Neutral. For the fourth quarter, Astec Industries had an EPS of $0.03, compared to year-ago quarter EPS of $0.56. The current stock performance of Astec Industries shows a 52-week-high of $80.00 and a 52-week-low of $39.55. Moreover, at the end of the last trading period, the closing price was at $40.34.

For Essential Utilities Inc (NYSE:WTRG), HSBC downgraded the previous rating of Buy to Hold. Essential Utilities earned $0.44 in the fourth quarter, compared to $0.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.93 and a 52-week-low of $44.71. Essential Utilities closed at $52.33 at the end of the last trading period.

According to B of A Securities, the prior rating for Saia Inc (NASDAQ:SAIA) was changed from Buy to Neutral. For the fourth quarter, Saia had an EPS of $2.76, compared to year-ago quarter EPS of $1.51. At the moment, the stock has a 52-week-high of $365.50 and a 52-week-low of $187.02. Saia closed at $206.06 at the end of the last trading period.

B of A Securities downgraded the previous rating for Union Pacific Corp (NYSE:UNP) from Buy to Neutral. In the fourth quarter, Union Pacific showed an EPS of $2.66, compared to $2.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $278.94 and a 52-week-low of $195.68. Union Pacific closed at $244.86 at the end of the last trading period.

According to B of A Securities, the prior rating for United Parcel Service Inc (NYSE:UPS) was changed from Buy to Neutral. For the fourth quarter, United Parcel Service had an EPS of $3.59, compared to year-ago quarter EPS of $2.66. At the moment, the stock has a 52-week-high of $233.72 and a 52-week-low of $171.20. United Parcel Service closed at $192.70 at the end of the last trading period.

For Triton International Ltd (NYSE:TRTN), B of A Securities downgraded the previous rating of Buy to Underperform. In the fourth quarter, Triton International showed an EPS of $2.67, compared to $1.70 from the year-ago quarter. The stock has a 52-week-high of $72.34 and a 52-week-low of $46.75. At the end of the last trading period, Triton International closed at $64.06.

B of A Securities downgraded the previous rating for ArcBest Corp (NASDAQ:ARCB) from Buy to Neutral. ArcBest earned $2.79 in the fourth quarter, compared to $0.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of $125.00 and a 52-week-low of $52.86. ArcBest closed at $70.88 at the end of the last trading period.

B of A Securities downgraded the previous rating for TFI International Inc (NYSE:TFII) from Buy to Neutral. In the fourth quarter, TFI International showed an EPS of $1.57, compared to $0.98 from the year-ago quarter. At the moment, the stock has a 52-week-high of $120.50 and a 52-week-low of $73.74. TFI International closed at $87.11 at the end of the last trading period.

B of A Securities downgraded the previous rating for Werner Enterprises Inc (NASDAQ:WERN) from Neutral to Underperform. For the fourth quarter, Werner Enterprises had an EPS of $1.13, compared to year-ago quarter EPS of $0.89. At the moment, the stock has a 52-week-high of $49.76 and a 52-week-low of $36.94. Werner Enterprises closed at $37.99 at the end of the last trading period.

For Schneider National Inc (NYSE:SNDR), B of A Securities downgraded the previous rating of Buy to Underperform. Schneider National earned $0.76 in the fourth quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.50 and a 52-week-low of $20.48. Schneider National closed at $22.04 at the end of the last trading period.

For Canadian Pacific Railway Ltd (NYSE:CP), B of A Securities downgraded the previous rating of Buy to Neutral. In the fourth quarter, Canadian Pacific Railway showed an EPS of $0.75, compared to $0.78 from the year-ago quarter. The stock has a 52-week-high of $404.43 and a 52-week-low of $64.37. At the end of the last trading period, Canadian Pacific Railway closed at $76.32.

For Rackspace Technology Inc (NASDAQ:RXT), Oppenheimer downgraded the previous rating of Outperform to Perform. Rackspace Tech earned $0.25 in the fourth quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.43 and a 52-week-low of $7.28. Rackspace Tech closed at $10.95 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Virtus Investment Partners Inc (NASDAQ:VRTS) from Overweight to Underweight. In the fourth quarter, Virtus Investment showed an EPS of $10.36, compared to $5.15 from the year-ago quarter. The current stock performance of Virtus Investment shows a 52-week-high of $338.80 and a 52-week-low of $203.76. Moreover, at the end of the last trading period, the closing price was at $218.32.

Jefferies downgraded the previous rating for Mercury Systems Inc (NASDAQ:MRCY) from Buy to Hold. For the second quarter, Mercury Systems had an EPS of $0.39, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $79.45 and a 52-week-low of $44.44. At the end of the last trading period, Mercury Systems closed at $64.87.

According to UBS, the prior rating for HP Inc (NYSE:HPQ) was changed from Buy to Neutral. HP earned $1.10 in the first quarter, compared to $0.92 in the year-ago quarter. The stock has a 52-week-high of $41.47 and a 52-week-low of $26.11. At the end of the last trading period, HP closed at $40.06.

Goldman Sachs downgraded the previous rating for Robinhood Markets Inc (NASDAQ:HOOD) from Neutral to Sell. For the fourth quarter, Robinhood Markets had an EPS of $0.49, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $85.00 and a 52-week-low of $9.93. Robinhood Markets closed at $12.07 at the end of the last trading period.

Barclays downgraded the previous rating for Dover Corp (NYSE:DOV) from Overweight to Equal-Weight. In the fourth quarter, Dover showed an EPS of $1.78, compared to $1.55 from the year-ago quarter. The current stock performance of Dover shows a 52-week-high of $184.04 and a 52-week-low of $137.65. Moreover, at the end of the last trading period, the closing price was at $154.43.

For Shoals Technologies Group Inc (NASDAQ:SHLS), Piper Sandler downgraded the previous rating of Overweight to Neutral. For the fourth quarter, Shoals Technologies Gr had an EPS of $0.01, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $37.61 and a 52-week-low of $11.19. At the end of the last trading period, Shoals Technologies Gr closed at $15.72.

Piper Sandler downgraded the previous rating for FTC Solar Inc (NASDAQ:FTCI) from Overweight to Neutral. FTC Solar earned $0.17 in the fourth quarter, compared to $0.17 in the year-ago quarter. The current stock performance of FTC Solar shows a 52-week-high of $15.46 and a 52-week-low of $3.30. Moreover, at the end of the last trading period, the closing price was at $4.62.

For Alcoa Corp (NYSE:AA), Credit Suisse downgraded the previous rating of Outperform to Neutral. In the fourth quarter, Alcoa showed an EPS of $2.50, compared to $0.26 from the year-ago quarter. The current stock performance of Alcoa shows a 52-week-high of $98.09 and a 52-week-low of $30.02. Moreover, at the end of the last trading period, the closing price was at $86.10.

See all analyst ratings downgrades.

Initiations

Lake Street initiated coverage on Modular Medical Inc (NASDAQ:MODD) with a Buy rating. The price target for Modular Medical is set to $11.00. At the moment, the stock has a 52-week-high of $15.00 and a 52-week-low of $1.80. Modular Medical closed at $4.23 at the end of the last trading period.

DA Davidson initiated coverage on 5E Advanced Materials Inc (NASDAQ:FEAM) with a Buy rating. The price target for 5E Advanced Materials is set to $30.00. At the moment, the stock has a 52-week-high of $49.50 and a 52-week-low of $18.20. 5E Advanced Materials closed at $20.25 at the end of the last trading period.

For Crescent Energy Co (NYSE:CRGY), Truist Securities initiated coverage, by setting the current rating at Buy. The stock has a 52-week-high of $18.84 and a 52-week-low of $11.90. At the end of the last trading period, Crescent Energy closed at $17.94.

Cantor Fitzgerald initiated coverage on PagSeguro Digital Ltd (NYSE:PAGS) with an Overweight rating. The price target for PagSeguro Digital is set to $25.00. In the fourth quarter, PagSeguro Digital showed an EPS of $0.23, compared to $0.21 from the year-ago quarter. The current stock performance of PagSeguro Digital shows a 52-week-high of $61.65 and a 52-week-low of $11.76. Moreover, at the end of the last trading period, the closing price was at $18.98.

With an Overweight rating, Cantor Fitzgerald initiated coverage on StoneCo Ltd (NASDAQ:STNE). The price target seems to have been set at $15.00 for StoneCo. For the fourth quarter, StoneCo had an EPS of $0.02, compared to year-ago quarter EPS of $0.21. The current stock performance of StoneCo shows a 52-week-high of $71.08 and a 52-week-low of $8.05. Moreover, at the end of the last trading period, the closing price was at $11.25.

With a Buy rating, JonesTrading initiated coverage on Franklin BSP Realty Trust Inc (NYSE:FBRT). The price target seems to have been set at $17.00 for Franklin BSP Realty Trust. At the moment, the stock has a 52-week-high of $17.25 and a 52-week-low of $12.45. Franklin BSP Realty Trust closed at $13.80 at the end of the last trading period.

With a Buy rating, Canaccord Genuity initiated coverage on Terran Orbital Corp (NYSE:LLAP). The price target seems to have been set at $22.00 for Terran Orbital. The current stock performance of Terran Orbital shows a 52-week-high of $12.69 and a 52-week-low of $6.00. Moreover, at the end of the last trading period, the closing price was at $6.04.

With an Outperform rating, RBC Capital initiated coverage on Raytheon Technologies Corp (NYSE:RTX). The price target seems to have been set at $125.00 for Raytheon Technologies. Raytheon Technologies earned $1.08 in the fourth quarter, compared to $0.74 in the year-ago quarter. The current stock performance of Raytheon Technologies shows a 52-week-high of $104.34 and a 52-week-low of $76.07. Moreover, at the end of the last trading period, the closing price was at $100.98.

B. Riley Securities initiated coverage on Compass Diversified Holdings (NYSE:CODI) with a Buy rating. The price target for Compass Diversified Hldgs is set to $33.00. In the fourth quarter, Compass Diversified Hldgs showed an EPS of $0.49, compared to $0.55 from the year-ago quarter. The stock has a 52-week-high of $33.31 and a 52-week-low of $21.84. At the end of the last trading period, Compass Diversified Hldgs closed at $23.48.

Needham initiated coverage on The Cooper Companies Inc (NYSE:COO) with a Hold rating. For the first quarter, Cooper Companies had an EPS of $3.24, compared to year-ago quarter EPS of $3.17. The current stock performance of Cooper Companies shows a 52-week-high of $463.59 and a 52-week-low of $368.78. Moreover, at the end of the last trading period, the closing price was at $415.98.

Needham initiated coverage on Staar Surgical Co (NASDAQ:STAA) with a Buy rating. The price target for Staar Surgical is set to $87.00. Staar Surgical earned $0.19 in the fourth quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $163.08 and a 52-week-low of $55.36. Staar Surgical closed at $72.39 at the end of the last trading period.

Needham initiated coverage on Alcon Inc (NYSE:ALC) with a Buy rating. The price target for Alcon is set to $95.00. In the fourth quarter, Alcon showed an EPS of $0.56, compared to $0.41 from the year-ago quarter. The current stock performance of Alcon shows a 52-week-high of $88.78 and a 52-week-low of $65.60. Moreover, at the end of the last trading period, the closing price was at $81.25.

Needham initiated coverage on RxSight Inc (NASDAQ:RXST) with a Buy rating. The price target for RxSight is set to $18.00. The stock has a 52-week-high of $19.67 and a 52-week-low of $8.80. At the end of the last trading period, RxSight closed at $13.51.

With an Outperform rating, Raymond James initiated coverage on Procter & Gamble Co (NYSE:PG). The price target seems to have been set at $175.00 for Procter & Gamble. In the second quarter, Procter & Gamble showed an EPS of $1.66, compared to $1.64 from the year-ago quarter. The stock has a 52-week-high of $165.35 and a 52-week-low of $130.29. At the end of the last trading period, Procter & Gamble closed at $158.86.

Raymond James initiated coverage on Colgate-Palmolive Co (NYSE:CL) with a Market Perform rating. In the fourth quarter, Colgate-Palmolive showed an EPS of $0.79, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $85.61 and a 52-week-low of $72.20. At the end of the last trading period, Colgate-Palmolive closed at $80.42.

See all analyst ratings initiations.

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