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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For September 12, 2022

Upgrades

According to TD Securities, the prior rating for John Hancock Financial Opportunities Fund (NYSE:BTO) was changed from Buy to Action List Buy. The stock has a 52-week-high of $52.88 and a 52-week-low of $31.95. At the end of the last trading period, John Hancock Finl Opps closed at $35.82.

According to RBC Capital, the prior rating for Vale SA (NYSE:VALE) was changed from Sector Perform to Outperform. Vale earned $1.32 in the second quarter, compared to $1.49 in the year-ago quarter. The stock has a 52-week-high of $21.29 and a 52-week-low of $11.72. At the end of the last trading period, Vale closed at $13.51.

According to Raymond James, the prior rating for Enbridge Inc (NYSE:ENB) was changed from Market Perform to Outperform. In the second quarter, Enbridge showed an EPS of $0.53, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.67 and a 52-week-low of $38.94. Enbridge closed at $41.82 at the end of the last trading period.

B of A Securities upgraded the previous rating for Canadian Pacific Railway Ltd (NYSE:CP) from Neutral to Buy. In the second quarter, Canadian Pacific Railway showed an EPS of $0.74, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $84.22 and a 52-week-low of $66.70. At the end of the last trading period, Canadian Pacific Railway closed at $78.29.

According to B of A Securities, the prior rating for Canadian National Railway Co (NYSE:CNI) was changed from Neutral to Buy. For the second quarter, Canadian National Railway had an EPS of $1.51, compared to year-ago quarter EPS of $1.21. The current stock performance of Canadian National Railway shows a 52-week-high of $137.19 and a 52-week-low of $106.61. Moreover, at the end of the last trading period, the closing price was at $122.01.

According to B of A Securities, the prior rating for Union Pacific Corp (NYSE:UNP) was changed from Neutral to Buy. Union Pacific earned $2.93 in the second quarter, compared to $2.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $278.94 and a 52-week-low of $202.38. Union Pacific closed at $231.88 at the end of the last trading period.

For Telos Corp (NASDAQ:TLS), Wedbush upgraded the previous rating of Neutral to Outperform. In the second quarter, Telos showed an EPS of $0.04, compared to $0.04 from the year-ago quarter. The current stock performance of Telos shows a 52-week-high of $16.15 and a 52-week-low of $6.54. Moreover, at the end of the last trading period, the closing price was at $10.90.

For Carpenter Technology Corp (NYSE:CRS), Cowen & Co. upgraded the previous rating of Market Perform to Outperform. For the fourth quarter, Carpenter Tech had an EPS of $0.00, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $44.96 and a 52-week-low of $24.76. At the end of the last trading period, Carpenter Tech closed at $35.89.

For Carvana Co (NYSE:CVNA), Piper Sandler upgraded the previous rating of Neutral to Overweight. In the second quarter, Carvana showed an EPS of $2.35, compared to $0.26 from the year-ago quarter. The current stock performance of Carvana shows a 52-week-high of $240.58 and a 52-week-low of $19.45. Moreover, at the end of the last trading period, the closing price was at $36.62.

See all analyst ratings upgrades.

Downgrades

According to B of A Securities, the prior rating for Neoleukin Therapeutics Inc (NASDAQ:NLTX) was changed from Buy to Underperform. For the second quarter, Neoleukin Therapeutics had an EPS of $0.28, compared to year-ago quarter EPS of $0.27. The stock has a 52-week-high of $5.35 and a 52-week-low of $0.80. At the end of the last trading period, Neoleukin Therapeutics closed at $1.09.

TD Securities downgraded the previous rating for Energy HBR Corp (OTC:ENGH) from Buy to Hold. At the moment, the stock has a 52-week-high of $77.25 and a 52-week-low of $46.55. Energy HBR closed at $77.25 at the end of the last trading period.

Citigroup downgraded the previous rating for Occidental Petroleum Corp (NYSE:OXY) from Buy to Neutral. In the second quarter, Occidental Petroleum showed an EPS of $3.16, compared to $0.32 from the year-ago quarter. The current stock performance of Occidental Petroleum shows a 52-week-high of $77.13 and a 52-week-low of $29.15. Moreover, at the end of the last trading period, the closing price was at $65.61.

Vertical Research downgraded the previous rating for Livent Corp (NYSE:LTHM) from Buy to Hold. Livent earned $0.37 in the second quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Livent shows a 52-week-high of $36.38 and a 52-week-low of $19.35. Moreover, at the end of the last trading period, the closing price was at $34.45.

For Adobe Inc (NASDAQ:ADBE), Mizuho downgraded the previous rating of Buy to Neutral. In the second quarter, Adobe showed an EPS of $3.35, compared to $3.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $575.00 and a 52-week-low of $338.00. Adobe closed at $394.78 at the end of the last trading period.

According to Wells Fargo, the prior rating for Cable One Inc (NYSE:CABO) was changed from Overweight to Equal-Weight. In the second quarter, Cable One showed an EPS of $12.10, compared to $16.68 from the year-ago quarter. The stock has a 52-week-high of $1766.29 and a 52-week-low of $1049.81. At the end of the last trading period, Cable One closed at $1098.21.

See all analyst ratings downgrades.

Initiations

With a Market Perform rating, MoffettNathanson initiated coverage on Pagaya Technologies Ltd (NASDAQ:PGY). The price target seems to have been set at $12.00 for Pagaya Technologies. The current stock performance of Pagaya Technologies shows a 52-week-high of $34.50 and a 52-week-low of $2.42. Moreover, at the end of the last trading period, the closing price was at $11.00.

With a Buy rating, RF Lafferty initiated coverage on Lucid Group Inc (NASDAQ:LCID). The price target seems to have been set at $19.00 for Lucid Gr. In the second quarter, Lucid Gr showed an EPS of $0.33, compared to $7.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.59 and a 52-week-low of $13.25. Lucid Gr closed at $15.08 at the end of the last trading period.

With an Outperform rating, Northland Capital Markets initiated coverage on Sono-Tek Corp (NASDAQ:SOTK). The price target seems to have been set at $8.00 for Sono-Tek. Sono-Tek earned $0.02 in the first quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.22 and a 52-week-low of $4.01. Sono-Tek closed at $7.19 at the end of the last trading period.

Roth Capital initiated coverage on Urban-gro Inc (NASDAQ:UGRO) with a Buy rating. The price target for Urban-gro is set to $6.00. In the second quarter, Urban-gro showed an EPS of $0.17, compared to $0.11 from the year-ago quarter. The current stock performance of Urban-gro shows a 52-week-high of $12.82 and a 52-week-low of $3.20. Moreover, at the end of the last trading period, the closing price was at $3.27.

Goldman Sachs initiated coverage on Wheaton Precious Metals Corp (NYSE:WPM) with a Buy rating. The price target for Wheaton Precious Metals is set to $53.00. Wheaton Precious Metals earned $0.33 in the second quarter, compared to $0.36 in the year-ago quarter. The current stock performance of Wheaton Precious Metals shows a 52-week-high of $51.91 and a 52-week-low of $29.66. Moreover, at the end of the last trading period, the closing price was at $33.05.

Goldman Sachs initiated coverage on Agnico Eagle Mines Ltd (NYSE:AEM) with a Buy rating. The price target for Agnico Eagle Mines is set to $72.00. In the second quarter, Agnico Eagle Mines showed an EPS of $0.75, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $67.14 and a 52-week-low of $38.02. At the end of the last trading period, Agnico Eagle Mines closed at $44.11.

Credit Suisse initiated coverage on Huntsman Corp (NYSE:HUN) with an Outperform rating. The price target for Huntsman is set to $33.00. Huntsman earned $1.28 in the second quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $41.65 and a 52-week-low of $26.10. Huntsman closed at $27.28 at the end of the last trading period.

With an Outperform rating, Credit Suisse initiated coverage on Ashland Inc (NYSE:ASH). The price target seems to have been set at $120.00 for Ashland. In the third quarter, Ashland showed an EPS of $1.89, compared to $1.22 from the year-ago quarter. The current stock performance of Ashland shows a 52-week-high of $112.91 and a 52-week-low of $83.29. Moreover, at the end of the last trading period, the closing price was at $102.22.

Evercore ISI Group initiated coverage on Enovis Corp (NYSE:ENOV) with an Outperform rating. The price target for Enovis is set to $68.00. For the second quarter, Enovis had an EPS of $0.59, compared to year-ago quarter EPS of $1.68. The current stock performance of Enovis shows a 52-week-high of $72.13 and a 52-week-low of $47.73. Moreover, at the end of the last trading period, the closing price was at $51.55.

With a Buy rating, Canaccord Genuity initiated coverage on Enovis Corp (NYSE:ENOV). The price target seems to have been set at $67.00 for Enovis. In the second quarter, Enovis showed an EPS of $0.59, compared to $1.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $72.13 and a 52-week-low of $47.73. Enovis closed at $51.55 at the end of the last trading period.

Loop Capital initiated coverage on Monday.Com Ltd (NASDAQ:MNDY) with a Buy rating. In the second quarter, Monday.Com showed an EPS of $0.33, compared to $0.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $314.28 and a 52-week-low of $85.75. Monday.Com closed at $130.34 at the end of the last trading period.

With a Buy rating, Goldman Sachs initiated coverage on Agilon Health Inc (NYSE:AGL). The price target seems to have been set at $38.00 for Agilon Health. In the second quarter, Agilon Health showed an EPS of $0.04, compared to $0.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.36 and a 52-week-low of $14.36. Agilon Health closed at $23.48 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on Bausch & Lomb Corp (NYSE:BLCO). The price target seems to have been set at $21.00 for Bausch & Lomb. At the moment, the stock has a 52-week-high of $20.20 and a 52-week-low of $12.20. Bausch & Lomb closed at $17.17 at the end of the last trading period.

Cowen & Co. initiated coverage on Roblox Corp (NYSE:RBLX) with an Underperform rating. The price target for Roblox is set to $31.00. For the second quarter, Roblox had an EPS of $0.30, compared to year-ago quarter EPS of $0.25. The stock has a 52-week-high of $103.79 and a 52-week-low of $21.65. At the end of the last trading period, Roblox closed at $45.53.

Morgan Stanley initiated coverage on Bill.com Holdings Inc (NYSE:BILL) with an Overweight rating. The price target for Bill.com Holdings is set to $220.00. For the fourth quarter, Bill.com Holdings had an EPS of $0.03, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $262.17 and a 52-week-low of $89.87. Bill.com Holdings closed at $167.39 at the end of the last trading period.

Morgan Stanley initiated coverage on Alphatec Holdings Inc (NASDAQ:ATEC) with an Overweight rating. The price target for Alphatec Holdings is set to $13.00. Alphatec Holdings earned $0.36 in the second quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.65 and a 52-week-low of $5.73. Alphatec Holdings closed at $8.34 at the end of the last trading period.

BMO Capital initiated coverage on CoStar Group Inc (NASDAQ:CSGP) with a Market Perform rating. The price target for CoStar Gr is set to $83.00. For the second quarter, CoStar Gr had an EPS of $0.28, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $79.73 and a 52-week-low of $49.00. At the end of the last trading period, CoStar Gr closed at $78.42.

B. Riley Securities initiated coverage on Terran Orbital Corp (NYSE:LLAP) with a Buy rating. The price target for Terran Orbital is set to $10.00. For the second quarter, Terran Orbital had an EPS of $0.23, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $12.69 and a 52-week-low of $3.63. Terran Orbital closed at $4.04 at the end of the last trading period.

Stifel initiated coverage on Darling Ingredients Inc (NYSE:DAR) with a Buy rating. The price target for Darling Ingredients is set to $101.00. In the second quarter, Darling Ingredients showed an EPS of $1.23, compared to $1.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $87.59 and a 52-week-low of $55.71. Darling Ingredients closed at $77.97 at the end of the last trading period.

Canaccord Genuity initiated coverage on Dakota Gold Corp (AMEX:DC) with a Speculative Buy rating. The price target for Dakota Gold is set to $5.25. At the moment, the stock has a 52-week-high of $8.47 and a 52-week-low of $2.78. Dakota Gold closed at $3.83 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on PTC Therapeutics Inc (NASDAQ:PTCT). The price target seems to have been set at $62.00 for PTC Therapeutics. PTC Therapeutics earned $2.13 in the second quarter, compared to $1.68 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.89 and a 52-week-low of $25.01. PTC Therapeutics closed at $53.64 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on Terns Pharmaceuticals Inc (NASDAQ:TERN) with a Neutral rating. The price target for Terns Pharma is set to $6.00. Terns Pharma earned $0.55 in the second quarter, compared to $0.43 in the year-ago quarter. The stock has a 52-week-high of $7.29 and a 52-week-low of $1.45. At the end of the last trading period, Terns Pharma closed at $5.27.

With a Buy rating, HC Wainwright & Co. initiated coverage on Rain Therapeutics Inc (NASDAQ:RAIN). The price target seems to have been set at $10.00 for Rain Therapeutics. For the second quarter, Rain Therapeutics had an EPS of $0.66, compared to year-ago quarter EPS of $0.39. The current stock performance of Rain Therapeutics shows a 52-week-high of $14.03 and a 52-week-low of $2.15. Moreover, at the end of the last trading period, the closing price was at $5.70.

With a Buy rating, Goldman Sachs initiated coverage on Newmont Corp (NYSE:NEM). The price target seems to have been set at $53.00 for Newmont. In the second quarter, Newmont showed an EPS of $0.46, compared to $0.83 from the year-ago quarter. At the moment, the stock has a 52-week-high of $86.37 and a 52-week-low of $40.27. Newmont closed at $43.17 at the end of the last trading period.

With a Neutral rating, Goldman Sachs initiated coverage on Barrick Gold Corp (NYSE:GOLD). The price target seems to have been set at $18.00 for Barrick Gold. Barrick Gold earned $0.24 in the second quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.07 and a 52-week-low of $14.53. Barrick Gold closed at $15.92 at the end of the last trading period.

Goldman Sachs initiated coverage on Franco-Nevada Corp (NYSE:FNV) with a Neutral rating. The price target for Franco-Nevada is set to $177.00. For the second quarter, Franco-Nevada had an EPS of $1.02, compared to year-ago quarter EPS of $0.96. At the moment, the stock has a 52-week-high of $169.32 and a 52-week-low of $117.39. Franco-Nevada closed at $125.97 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on Rezolute Inc (NASDAQ:RZLT). The price target seems to have been set at $11.00 for Rezolute. For the third quarter, Rezolute had an EPS of $0.65, compared to year-ago quarter EPS of $0.44. The current stock performance of Rezolute shows a 52-week-high of $5.15 and a 52-week-low of $2.06. Moreover, at the end of the last trading period, the closing price was at $2.27.

See all analyst ratings initiations.

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