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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For September 29, 2022

Upgrades

For Charter Communications Inc (NASDAQ:CHTR), Wolfe Research upgraded the previous rating of Underperform to Peer Perform. For the second quarter, Charter Communications had an EPS of $8.80, compared to year-ago quarter EPS of $5.29. The current stock performance of Charter Communications shows a 52-week-high of $653.09 and a 52-week-low of $305.31. Moreover, at the end of the last trading period, the closing price was at $321.08.

According to TD Securities, the prior rating for Canadian Natural Resources Ltd (NYSE:CNQ) was changed from Buy to Action List Buy. Canadian Natural Res earned $2.55 in the second quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $70.60 and a 52-week-low of $42.32. At the end of the last trading period, Canadian Natural Res closed at $46.57.

TD Securities upgraded the previous rating for Range Resources Corp (NYSE:RRC) from Hold to Buy. For the second quarter, Range Resources had an EPS of $1.27, compared to year-ago quarter EPS of $0.24. The current stock performance of Range Resources shows a 52-week-high of $37.44 and a 52-week-low of $16.71. Moreover, at the end of the last trading period, the closing price was at $24.84.

For Apple Inc (NASDAQ:AAPL), Rosenblatt upgraded the previous rating of Neutral to Buy. For the third quarter, Apple had an EPS of $1.20, compared to year-ago quarter EPS of $1.30. The current stock performance of Apple shows a 52-week-high of $182.94 and a 52-week-low of $129.04. Moreover, at the end of the last trading period, the closing price was at $149.84.

For The Kraft Heinz Co (NASDAQ:KHC), UBS upgraded the previous rating of Sell to Neutral. In the second quarter, Kraft Heinz showed an EPS of $0.70, compared to $0.78 from the year-ago quarter. The current stock performance of Kraft Heinz shows a 52-week-high of $44.87 and a 52-week-low of $32.73. Moreover, at the end of the last trading period, the closing price was at $33.62.

Oppenheimer upgraded the previous rating for Wix.com Ltd (NASDAQ:WIX) from Perform to Outperform. Wix.com earned $0.14 in the second quarter, compared to $0.24 in the year-ago quarter. The current stock performance of Wix.com shows a 52-week-high of $163.39 and a 52-week-low of $53.12. Moreover, at the end of the last trading period, the closing price was at $77.33.

For NorthWestern Corp (NASDAQ:NWE), B of A Securities upgraded the previous rating of Underperform to Buy. NorthWestern earned $0.54 in the second quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $63.06 and a 52-week-low of $49.43. NorthWestern closed at $50.69 at the end of the last trading period.

For Golar LNG Ltd (NASDAQ:GLNG), B of A Securities upgraded the previous rating of Neutral to Buy. For the second quarter, Golar LNG had an EPS of $2.13, compared to year-ago quarter EPS of $0.61. At the moment, the stock has a 52-week-high of $30.66 and a 52-week-low of $12.14. Golar LNG closed at $24.73 at the end of the last trading period.

Evercore ISI Group upgraded the previous rating for First Solar Inc (NASDAQ:FSLR) from In-Line to Outperform. First Solar earned $0.52 in the second quarter, compared to $0.77 in the year-ago quarter. The stock has a 52-week-high of $140.64 and a 52-week-low of $59.60. At the end of the last trading period, First Solar closed at $136.19.

According to Goldman Sachs, the prior rating for Itau Unibanco Holding SA (NYSE:ITUB) was changed from Neutral to Buy. For the second quarter, Itau Unibanco Holding had an EPS of $0.16, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $5.89 and a 52-week-low of $3.71. At the end of the last trading period, Itau Unibanco Holding closed at $5.11.

See all analyst ratings upgrades.

Downgrades

Citigroup downgraded the previous rating for Sunlight Financial Holdings Inc (NYSE:SUNL) from Buy to Sell. Sunlight Finl Hldgs earned $0.01 in the second quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $5.70 and a 52-week-low of $2.41. At the end of the last trading period, Sunlight Finl Hldgs closed at $2.52.

For Olaplex Holdings Inc (NASDAQ:OLPX), Piper Sandler downgraded the previous rating of Overweight to Neutral. Olaplex Hldgs earned $0.14 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $30.30 and a 52-week-low of $10.57. At the end of the last trading period, Olaplex Hldgs closed at $10.95.

According to Maxim Group, the prior rating for Kintara Therapeutics Inc (NASDAQ:KTRA) was changed from Buy to Hold. In the fourth quarter, Kintara Therapeutics showed an EPS of $0.07, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $0.84 and a 52-week-low of $0.10. Kintara Therapeutics closed at $0.11 at the end of the last trading period.

According to Craig-Hallum, the prior rating for MillerKnoll Inc (NASDAQ:MLKN) was changed from Buy to Hold. For the first quarter, MillerKnoll had an EPS of $0.44, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $41.69 and a 52-week-low of $18.89. At the end of the last trading period, MillerKnoll closed at $19.87.

Stifel downgraded the previous rating for O2Micro International Ltd (NASDAQ:OIIM) from Buy to Hold. In the second quarter, O2Micro Intl showed an EPS of $0.02, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.90 and a 52-week-low of $2.85. O2Micro Intl closed at $3.25 at the end of the last trading period.

According to UBS, the prior rating for HUYA Inc (NYSE:HUYA) was changed from Buy to Neutral. HUYA earned $0.00 in the second quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $7.94 and a 52-week-low of $2.43. At the end of the last trading period, HUYA closed at $2.44.

Roth Capital downgraded the previous rating for Sunlight Financial Holdings Inc (NYSE:SUNL) from Buy to Neutral. Sunlight Finl Hldgs earned $0.01 in the second quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Sunlight Finl Hldgs shows a 52-week-high of $5.70 and a 52-week-low of $2.41. Moreover, at the end of the last trading period, the closing price was at $2.52.

According to B of A Securities, the prior rating for Apple Inc (NASDAQ:AAPL) was changed from Buy to Neutral. Apple earned $1.20 in the third quarter, compared to $1.30 in the year-ago quarter. The current stock performance of Apple shows a 52-week-high of $182.94 and a 52-week-low of $129.04. Moreover, at the end of the last trading period, the closing price was at $149.84.

Stifel downgraded the previous rating for Cognyte Software Ltd (NASDAQ:CGNT) from Buy to Hold. Cognyte Software earned $0.04 in the second quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $15.93 and a 52-week-low of $3.91. At the end of the last trading period, Cognyte Software closed at $4.73.

BTIG downgraded the previous rating for Applied Genetic Technologies Corp (NASDAQ:AGTC) from Buy to Neutral. For the fourth quarter, Applied Genetic had an EPS of $0.36, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $2.83 and a 52-week-low of $0.27. At the end of the last trading period, Applied Genetic closed at $0.29.

For BTRS Holdings Inc (NASDAQ:BTRS), Needham downgraded the previous rating of Buy to Hold. BTRS Holdings earned $0.04 in the second quarter, compared to $0.07 in the year-ago quarter. The current stock performance of BTRS Holdings shows a 52-week-high of $9.30 and a 52-week-low of $3.95. Moreover, at the end of the last trading period, the closing price was at $9.28.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Berenberg initiated coverage on Inari Medical Inc (NASDAQ:NARI). The price target seems to have been set at $85.00 for Inari Medical. In the second quarter, Inari Medical showed an EPS of $0.19, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $100.00 and a 52-week-low of $50.50. Inari Medical closed at $73.07 at the end of the last trading period.

With a Neutral rating, B of A Securities initiated coverage on Editas Medicine Inc (NASDAQ:EDIT). The price target seems to have been set at $18.00 for Editas Medicine. In the second quarter, Editas Medicine showed an EPS of $0.78, compared to $0.81 from the year-ago quarter. The stock has a 52-week-high of $27.99 and a 52-week-low of $9.59. At the end of the last trading period, Editas Medicine closed at $13.40.

William Blair initiated coverage on Akouos Inc (NASDAQ:AKUS) with an Outperform rating. The price target for Akouos is set to $12.00. For the second quarter, Akouos had an EPS of $0.58, compared to year-ago quarter EPS of $0.66. The current stock performance of Akouos shows a 52-week-high of $9.24 and a 52-week-low of $2.31. Moreover, at the end of the last trading period, the closing price was at $5.39.

Cowen & Co. initiated coverage on CyberArk Software Ltd (NASDAQ:CYBR) with an Outperform rating. The price target for CyberArk Software is set to $195.00. In the second quarter, CyberArk Software showed an EPS of $0.27, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $180.01 and a 52-week-low of $100.35. CyberArk Software closed at $151.99 at the end of the last trading period.

Janney Montgomery Scott initiated coverage on First Commonwealth Financial Corp (NYSE:FCF) with a Buy rating. The price target for First Commonwealth is set to $16.00. First Commonwealth earned $0.33 in the second quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $17.63 and a 52-week-low of $12.82. At the end of the last trading period, First Commonwealth closed at $12.96.

With a Neutral rating, Janney Montgomery Scott initiated coverage on S&T Bancorp Inc (NASDAQ:STBA). The price target seems to have been set at $32.00 for S&T Bancorp. S&T Bancorp earned $0.74 in the second quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $34.20 and a 52-week-low of $26.51. At the end of the last trading period, S&T Bancorp closed at $30.02.

Janney Montgomery Scott initiated coverage on Northwest Bancshares Inc (NASDAQ:NWBI) with a Neutral rating. The price target for Northwest Bancshares is set to $15.00. In the second quarter, Northwest Bancshares showed an EPS of $0.26, compared to $0.38 from the year-ago quarter. The stock has a 52-week-high of $15.22 and a 52-week-low of $12.04. At the end of the last trading period, Northwest Bancshares closed at $13.99.

With an Underweight rating, Wells Fargo initiated coverage on Coinbase Global Inc (NASDAQ:COIN). The price target seems to have been set at $57.00 for Coinbase Global. Coinbase Global earned $4.98 in the second quarter, compared to $6.42 in the year-ago quarter. The current stock performance of Coinbase Global shows a 52-week-high of $258.81 and a 52-week-low of $40.83. Moreover, at the end of the last trading period, the closing price was at $67.31.

B of A Securities initiated coverage on Senti Biosciences Inc (NASDAQ:SNTI) with a Buy rating. The price target for Senti Biosciences is set to $7.00. In the second quarter, Senti Biosciences showed an EPS of $0.86, compared to $4.13 from the year-ago quarter. The stock has a 52-week-high of $8.01 and a 52-week-low of $1.20. At the end of the last trading period, Senti Biosciences closed at $1.40.

With a Buy rating, EF Hutton initiated coverage on Creative Media & Community Trust (NASDAQ:CMCT). The price target seems to have been set at $9.00 for Creative Media. In the second quarter, Creative Media showed an EPS of $0.10, compared to $0.28 from the year-ago quarter.

Deutsche Bank initiated coverage on Portillos Inc (NASDAQ:PTLO) with a Hold rating. The price target for Portillos is set to $22.00. The current stock performance of Portillos shows a 52-week-high of $40.47 and a 52-week-low of $14.84. Moreover, at the end of the last trading period, the closing price was at $21.27.

HSBC initiated coverage on JinkoSolar Holding Co Ltd (NYSE:JKS) with a Buy rating. The price target for JinkoSolar Holding Co is set to $76.00. JinkoSolar Holding Co earned $1.11 in the second quarter, compared to $0.89 in the year-ago quarter. The current stock performance of JinkoSolar Holding Co shows a 52-week-high of $76.92 and a 52-week-low of $35.41. Moreover, at the end of the last trading period, the closing price was at $54.19.

With a Buy rating, BTIG initiated coverage on Sprinklr Inc (NYSE:CXM). The price target seems to have been set at $12.00 for Sprinklr. Sprinklr earned $0.03 in the second quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $16.00 and a 52-week-low of $8.87. At the end of the last trading period, Sprinklr closed at $9.38.

With a Equal-Weight rating, Wells Fargo initiated coverage on Riot Blockchain Inc (NASDAQ:RIOT). The price target seems to have been set at $7.00 for Riot Blockchain. In the second quarter, Riot Blockchain showed an EPS of $0.50, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $24.62 and a 52-week-low of $4.02. At the end of the last trading period, Riot Blockchain closed at $7.34.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Cognition Therapeutics Inc (NASDAQ:CGTX). The price target seems to have been set at $12.00 for Cognition Therapeutics. In the second quarter, Cognition Therapeutics showed an EPS of $0.25, compared to $4.77 from the year-ago quarter. The current stock performance of Cognition Therapeutics shows a 52-week-high of $7.30 and a 52-week-low of $1.50. Moreover, at the end of the last trading period, the closing price was at $1.74.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Cerevel Therapeutics Holdings Inc (NASDAQ:CERE). The price target seems to have been set at $41.00 for Cerevel Therapeutics Hldg. Cerevel Therapeutics Hldg earned $0.61 in the second quarter, compared to $0.42 in the year-ago quarter. The current stock performance of Cerevel Therapeutics Hldg shows a 52-week-high of $41.46 and a 52-week-low of $19.86. Moreover, at the end of the last trading period, the closing price was at $28.00.

Cantor Fitzgerald initiated coverage on MSP Recovery Inc (NASDAQ:MSPR) with an Overweight rating. The price target for MSP Recovery is set to $3.00. The stock has a 52-week-high of $5.89 and a 52-week-low of $0.94. At the end of the last trading period, MSP Recovery closed at $1.21.

With a Equal-Weight rating, Wells Fargo initiated coverage on Bakkt Holdings Inc (NYSE:BKKT). The price target seems to have been set at $2.50 for Bakkt Hldgs. The stock has a 52-week-high of $9.01 and a 52-week-low of $1.98. At the end of the last trading period, Bakkt Hldgs closed at $2.31.

B of A Securities initiated coverage on InvenTrust Properties Corp (NYSE:IVT) with a Neutral rating. The price target for InvenTrust Properties is set to $26.00. For the second quarter, InvenTrust Properties had an EPS of $0.42, compared to year-ago quarter EPS of $0.33. The stock has a 52-week-high of $32.93 and a 52-week-low of $21.72. At the end of the last trading period, InvenTrust Properties closed at $22.74.

Truist Securities initiated coverage on Rivian Automotive Inc (NASDAQ:RIVN) with a Buy rating. The price target for Rivian Automotive is set to $65.00. In the second quarter, Rivian Automotive showed an EPS of $1.62, compared to $5.74 from the year-ago quarter. The current stock performance of Rivian Automotive shows a 52-week-high of $106.80 and a 52-week-low of $19.25. Moreover, at the end of the last trading period, the closing price was at $35.08.

With a Buy rating, Truist Securities initiated coverage on Proterra Inc (NASDAQ:PTRA). The price target seems to have been set at $9.00 for Proterra. For the second quarter, Proterra had an EPS of $0.38, compared to year-ago quarter EPS of $4.24. The stock has a 52-week-high of $10.90 and a 52-week-low of $4.26. At the end of the last trading period, Proterra closed at $5.14.

Truist Securities initiated coverage on TuSimple Holdings Inc (NASDAQ:TSP) with a Buy rating. The price target for TuSimple Hldgs is set to $12.00. In the second quarter, TuSimple Hldgs showed an EPS of $0.49, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.24 and a 52-week-low of $5.99. TuSimple Hldgs closed at $8.04 at the end of the last trading period.

Truist Securities initiated coverage on QuantumScape Corp (NYSE:QS) with a Hold rating. The price target for QuantumScape is set to $10.00. For the second quarter, QuantumScape had an EPS of $0.22, compared to year-ago quarter EPS of $0.12. The current stock performance of QuantumScape shows a 52-week-high of $23.68 and a 52-week-low of $8.22. Moreover, at the end of the last trading period, the closing price was at $9.23.

Deutsche Bank initiated coverage on Cadence Design Systems Inc (NASDAQ:CDNS) with a Buy rating. The price target for Cadence Design Sys is set to $200.00. For the second quarter, Cadence Design Sys had an EPS of $1.08, compared to year-ago quarter EPS of $0.86. The current stock performance of Cadence Design Sys shows a 52-week-high of $194.97 and a 52-week-low of $132.31. Moreover, at the end of the last trading period, the closing price was at $166.97.

Deutsche Bank initiated coverage on Synopsys Inc (NASDAQ:SNPS) with a Buy rating. The price target for Synopsys is set to $420.00. In the third quarter, Synopsys showed an EPS of $2.10, compared to $1.81 from the year-ago quarter. The current stock performance of Synopsys shows a 52-week-high of $391.17 and a 52-week-low of $255.02. Moreover, at the end of the last trading period, the closing price was at $313.16.

Goldman Sachs initiated coverage on Getty Images Holdings Inc (NYSE:GETY) with a Neutral rating. The price target for Getty Images Holdings is set to $8.00. The current stock performance of Getty Images Holdings shows a 52-week-high of $37.88 and a 52-week-low of $7.40. Moreover, at the end of the last trading period, the closing price was at $7.59.

See all analyst ratings initiations.

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