Benzinga’s Top Ratings Upgrades, Downgrades For October 19, 2023

Upgrades According to CL King, the prior rating for Stepan Co (NYSE:SCL) was changed from Neutral to Buy.…

Upgrades

According to CL King, the prior rating for Stepan Co (NYSE:SCL) was changed from Neutral to Buy. In the third quarter, Stepan showed an EPS of $0.64, compared to $2.01 from the year-ago quarter. NoneThe stock has a 52-week-high of $114.79 and a 52-week-low of $63.60. At the end of the last trading period, Stepan closed at $72.21.

For Netflix Inc (NASDAQ:NFLX), Keybanc upgraded the previous rating of Sector Weight to Overweight. For the third quarter, Netflix had an EPS of $3.73, compared to year-ago quarter EPS of $3.10. NoneThe stock has a 52-week-high of $485.00 and a 52-week-low of $237.75. At the end of the last trading period, Netflix closed at $346.19.

JP Morgan upgraded the previous rating for First Solar Inc (NASDAQ:FSLR) from Neutral to Overweight. For the second quarter, First Solar had an EPS of $1.89, compared to year-ago quarter EPS of $0.52. At the moment, the stock has a 52-week-high of $232.00 and a 52-week-low of $116.50. First Solar closed at $153.13 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Best Buy Co Inc (NYSE:BBY) was changed from Neutral to Buy. Best Buy Co earned $1.22 in the second quarter, compared to $1.54 in the year-ago quarter. NoneThe current stock performance of Best Buy Co shows a 52-week-high of $93.32 and a 52-week-low of $61.89. Moreover, at the end of the last trading period, the closing price was at $70.20.

Jefferies upgraded the previous rating for CrowdStrike Holdings Inc (NASDAQ:CRWD) from Hold to Buy. For the second quarter, CrowdStrike Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $190.36 and a 52-week-low of $92.25. At the end of the last trading period, CrowdStrike Holdings closed at $187.79.

For Kontoor Brands Inc (NYSE:KTB), Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Kontoor Brands had an EPS of $0.77, compared to year-ago quarter EPS of $1.09. The stock has a 52-week-high of $53.83 and a 52-week-low of $33.52. At the end of the last trading period, Kontoor Brands closed at $45.89.

Keefe, Bruyette & Woods upgraded the previous rating for SoFi Technologies Inc (NASDAQ:SOFI) from Underperform to Market Perform. SoFi Techs earned $0.06 in the second quarter, compared to $0.12 in the year-ago quarter. The current stock performance of SoFi Techs shows a 52-week-high of $11.70 and a 52-week-low of $4.25. Moreover, at the end of the last trading period, the closing price was at $7.77.

See all analyst ratings upgrades.

Downgrades

Scotiabank downgraded the previous rating for Enphase Energy Inc (NASDAQ:ENPH) from Sector Outperform to Sector Perform. For the second quarter, Enphase Energy had an EPS of $1.47, compared to year-ago quarter EPS of $1.07. NoneAt the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $111.44. Enphase Energy closed at $123.84 at the end of the last trading period.

Truist Securities downgraded the previous rating for Monarch Casino & Resort Inc (NASDAQ:MCRI) from Buy to Hold. In the third quarter, Monarch Casino & Resort showed an EPS of $1.23, compared to $1.41 from the year-ago quarter. NoneAt the moment, the stock has a 52-week-high of $85.67 and a 52-week-low of $60.72. Monarch Casino & Resort closed at $61.48 at the end of the last trading period.

For Werner Enterprises Inc (NASDAQ:WERN), B of A Securities downgraded the previous rating of Buy to Underperform. For the second quarter, Werner Enterprises had an EPS of $0.52, compared to year-ago quarter EPS of $0.87. NoneAt the moment, the stock has a 52-week-high of $50.31 and a 52-week-low of $35.84. Werner Enterprises closed at $37.90 at the end of the last trading period.

B of A Securities downgraded the previous rating for Peloton Interactive Inc (NASDAQ:PTON) from Neutral to Underperform. In the fourth quarter, Peloton Interactive showed an EPS of $0.68, compared to $1.32 from the year-ago quarter. NoneThe stock has a 52-week-high of $17.83 and a 52-week-low of $4.30. At the end of the last trading period, Peloton Interactive closed at $4.80.

According to TD Cowen, the prior rating for Pioneer Natural Resources Co (NYSE:PXD) was changed from Outperform to Market Perform. Pioneer Natural Resources earned $4.49 in the second quarter, compared to $9.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $274.42 and a 52-week-low of $177.26. Pioneer Natural Resources closed at $255.23 at the end of the last trading period.

According to TD Cowen, the prior rating for Canada Goose Holdings Inc (NYSE:GOOS) was changed from Outperform to Market Perform. In the first quarter, Canada Goose Hldgs showed an EPS of $0.52, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $24.73 and a 52-week-low of $12.66. At the end of the last trading period, Canada Goose Hldgs closed at $12.72.

For DHT Holdings Inc (NYSE:DHT), Stifel downgraded the previous rating of Buy to Hold. In the second quarter, DHT Holdings showed an EPS of $0.35, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.13 and a 52-week-low of $7.30. DHT Holdings closed at $10.96 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Foot Locker Inc (NYSE:FL) was changed from Neutral to Sell. Foot Locker earned $0.04 in the second quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.22 and a 52-week-low of $14.84. Foot Locker closed at $21.94 at the end of the last trading period.

For MaxLinear Inc (NASDAQ:MXL), Deutsche Bank downgraded the previous rating of Buy to Hold. MaxLinear earned $0.34 in the second quarter, compared to $1.11 in the year-ago quarter. The stock has a 52-week-high of $43.66 and a 52-week-low of $20.83. At the end of the last trading period, MaxLinear closed at $21.40.

According to Morgan Stanley, the prior rating for Dada Nexus Ltd (NASDAQ:DADA) was changed from Overweight to Equal-Weight. Dada Nexus earned $0.00 in the second quarter, compared to $0.25 in the year-ago quarter. NoneAt the moment, the stock has a 52-week-high of $15.59 and a 52-week-low of $2.98. Dada Nexus closed at $4.04 at the end of the last trading period.

According to TD Cowen, the prior rating for Generation Bio Co (NASDAQ:GBIO) was changed from Outperform to Market Perform. For the second quarter, Generation Bio had an EPS of $0.47, compared to year-ago quarter EPS of $0.66. The stock has a 52-week-high of $7.35 and a 52-week-low of $2.31. At the end of the last trading period, Generation Bio closed at $2.41.

Wells Fargo downgraded the previous rating for Northern Trust Corp (NASDAQ:NTRS) from Overweight to Equal-Weight. For the third quarter, Northern Trust had an EPS of $1.49, compared to year-ago quarter EPS of $1.80. NoneThe stock has a 52-week-high of $100.25 and a 52-week-low of $64.32. At the end of the last trading period, Northern Trust closed at $65.94.

See all analyst ratings downgrades.

Initiations

Mizuho initiated coverage on Netstreit Corp (NYSE:NTST) with a Neutral rating. The price target for Netstreit is set to $15.00. For the second quarter, Netstreit had an EPS of $0.30, compared to year-ago quarter EPS of $0.28. The current stock performance of Netstreit shows a 52-week-high of $20.64 and a 52-week-low of $14.20. Moreover, at the end of the last trading period, the closing price was at $14.22.

JMP Securities initiated coverage on Structure Therapeutics Inc (NASDAQ:GPCR) with a Market Outperform rating. The price target for Structure Therapeutics is set to $90.00. NoneAt the moment, the stock has a 52-week-high of $68.03 and a 52-week-low of $20.80. Structure Therapeutics closed at $65.86 at the end of the last trading period.

Deutsche Bank initiated coverage on Starbucks Corp (NASDAQ:SBUX) with a Buy rating. The price target for Starbucks is set to $118.00. In the third quarter, Starbucks showed an EPS of $1.00, compared to $0.84 from the year-ago quarter. The current stock performance of Starbucks shows a 52-week-high of $115.48 and a 52-week-low of $82.43. Moreover, at the end of the last trading period, the closing price was at $93.75.

With a Buy rating, Deutsche Bank initiated coverage on Sysco Corp (NYSE:SYY). The price target seems to have been set at $75.00 for Sysco. In the fourth quarter, Sysco showed an EPS of $1.34, compared to $1.15 from the year-ago quarter. The stock has a 52-week-high of $87.40 and a 52-week-low of $62.23. At the end of the last trading period, Sysco closed at $65.18.

Deutsche Bank initiated coverage on US Foods Holding Corp (NYSE:USFD) with a Buy rating. The price target for US Foods Hldg is set to $50.00. US Foods Hldg earned $0.79 in the second quarter, compared to $0.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $44.52 and a 52-week-low of $27.05. US Foods Hldg closed at $37.42 at the end of the last trading period.

Deutsche Bank initiated coverage on Restaurant Brands International Inc (NYSE:QSR) with a Buy rating. The price target for Restaurant Brands Intl is set to $75.00. Restaurant Brands Intl earned $0.85 in the second quarter, compared to $0.82 in the year-ago quarter. NoneThe stock has a 52-week-high of $78.30 and a 52-week-low of $54.86. At the end of the last trading period, Restaurant Brands Intl closed at $64.31.

Stifel initiated coverage on Gracell Biotechnologies Inc (NASDAQ:GRCL) with a Buy rating. The price target for Gracell Biotechnologies is set to $11.00. For the second quarter, Gracell Biotechnologies had an EPS of $0.30, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $6.99 and a 52-week-low of $1.40. Gracell Biotechnologies closed at $2.60 at the end of the last trading period.

Stifel initiated coverage on Cabaletta Bio Inc (NASDAQ:CABA) with a Buy rating. The price target for Cabaletta Bio is set to $31.00. For the second quarter, Cabaletta Bio had an EPS of $0.37, compared to year-ago quarter EPS of $0.45. NoneThe current stock performance of Cabaletta Bio shows a 52-week-high of $19.34 and a 52-week-low of $0.93. Moreover, at the end of the last trading period, the closing price was at $13.46.

See all analyst ratings initiations.

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