Benzinga's Top Ratings Upgrades, Downgrades For August 11, 2023
Upgrades
For Alibaba Group Holding Ltd (NYSE:BABA), DZ Bank upgraded the previous rating of Hold to Buy. For the first quarter, Alibaba Gr Holding had an EPS of $2.40, compared to year-ago quarter EPS of $1.75. The current stock performance of Alibaba Gr Holding shows a 52-week-high of $121.30 and a 52-week-low of $58.02. Moreover, at the end of the last trading period, the closing price was at $99.21.
Credit Suisse upgraded the previous rating for Himax Technologies Inc (NASDAQ:HIMX) from Neutral to Outperform. In the second quarter, Himax Techs showed an EPS of $0.01, compared to $0.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.70 and a 52-week-low of $4.82. Himax Techs closed at $6.55 at the end of the last trading period.
According to Evercore ISI Group, the prior rating for Pinnacle West Capital Corp (NYSE:PNW) was changed from Underperform to In-Line. Pinnacle West Capital earned $0.94 in the second quarter, compared to $1.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $86.03 and a 52-week-low of $59.07. Pinnacle West Capital closed at $77.10 at the end of the last trading period.
For Twilio Inc (NYSE:TWLO), Argus Research upgraded the previous rating of Hold to Buy. Twilio earned $0.54 in the second quarter, compared to $0.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $90.71 and a 52-week-low of $41.00. Twilio closed at $60.58 at the end of the last trading period.
According to Exane BNP Paribas, the prior rating for Rivian Automotive Inc (NASDAQ:RIVN) was changed from Neutral to Outperform. For the second quarter, Rivian Automotive had an EPS of $1.08, compared to year-ago quarter EPS of $1.62. At the moment, the stock has a 52-week-high of $40.86 and a 52-week-low of $11.68. Rivian Automotive closed at $21.91 at the end of the last trading period.
According to Benchmark, the prior rating for Rigetti Computing Inc (NASDAQ:RGTI) was changed from Hold to Buy. In the second quarter, Rigetti Computing showed an EPS of $0.13, compared to $0.09 from the year-ago quarter. The current stock performance of Rigetti Computing shows a 52-week-high of $5.89 and a 52-week-low of $0.36. Moreover, at the end of the last trading period, the closing price was at $1.64.
According to Wolfe Research, the prior rating for Hubbell Inc (NYSE:HUBB) was changed from Underperform to Peer Perform. For the second quarter, Hubbell had an EPS of $4.07, compared to year-ago quarter EPS of $2.81. The stock has a 52-week-high of $340.06 and a 52-week-low of $204.31. At the end of the last trading period, Hubbell closed at $302.37.
According to B of A Securities, the prior rating for Sabra Health Care REIT Inc (NASDAQ:SBRA) was changed from Underperform to Neutral. Sabra Health Care REIT earned $0.33 in the second quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.57 and a 52-week-low of $10.08. Sabra Health Care REIT closed at $12.43 at the end of the last trading period.
According to TD Cowen, the prior rating for Cogent Communications Holdings Inc (NASDAQ:CCOI) was changed from Market Perform to Outperform. In the second quarter, Cogent Comms Hldgs showed an EPS of $0.67, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $75.00 and a 52-week-low of $46.88. At the end of the last trading period, Cogent Comms Hldgs closed at $65.97.
According to Morgan Stanley, the prior rating for DigitalOcean Holdings Inc (NYSE:DOCN) was changed from Underweight to Equal-Weight. The current stock performance of DigitalOcean Holdings shows a 52-week-high of $53.86 and a 52-week-low of $23.39. Moreover, at the end of the last trading period, the closing price was at $35.01.
See all analyst ratings upgrades.
Downgrades
According to Jefferies, the prior rating for Cano Health Inc (NYSE:CANO) was changed from Buy to Hold. For the second quarter, Cano Health had an EPS of $0.51, compared to year-ago quarter EPS of $0.03. The current stock performance of Cano Health shows a 52-week-high of $9.75 and a 52-week-low of $0.76. Moreover, at the end of the last trading period, the closing price was at $1.52.
B of A Securities downgraded the previous rating for Triumph Group Inc (NYSE:TGI) from Buy to Underperform. In the first quarter, Triumph Group showed an EPS of $0.10, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.64 and a 52-week-low of $7.85. Triumph Group closed at $8.43 at the end of the last trading period.
Wells Fargo downgraded the previous rating for Capri Holdings Ltd (NYSE:CPRI) from Overweight to Equal-Weight. For the first quarter, Capri Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $1.50. The current stock performance of Capri Holdings shows a 52-week-high of $69.25 and a 52-week-low of $34.17. Moreover, at the end of the last trading period, the closing price was at $53.90.
Lake Street downgraded the previous rating for One Stop Systems Inc (NASDAQ:OSS) from Buy to Hold. In the second quarter, One Stop Systems showed an EPS of $0.00, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.10 and a 52-week-low of $2.29. One Stop Systems closed at $3.22 at the end of the last trading period.
Exane BNP Paribas downgraded the previous rating for Lucid Group Inc (NASDAQ:LCID) from Neutral to Underperform. Lucid Gr earned $0.40 in the second quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.15 and a 52-week-low of $5.46. Lucid Gr closed at $6.78 at the end of the last trading period.
For One Stop Systems Inc (NASDAQ:OSS), Noble Capital Markets downgraded the previous rating of Outperform to Market Perform. One Stop Systems earned $0.00 in the second quarter, compared to $0.04 in the year-ago quarter. The current stock performance of One Stop Systems shows a 52-week-high of $4.10 and a 52-week-low of $2.29. Moreover, at the end of the last trading period, the closing price was at $3.22.
For The Joint Corp (NASDAQ:JYNT), Maxim Group downgraded the previous rating of Buy to Hold. The current stock performance of Joint shows a 52-week-high of $23.53 and a 52-week-low of $12.25. Moreover, at the end of the last trading period, the closing price was at $12.64.
According to Craig-Hallum, the prior rating for Origin Materials Inc (NASDAQ:ORGN) was changed from Buy to Hold. For the second quarter, Origin Mat had an EPS of $0.05, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $7.34 and a 52-week-low of $1.24. Origin Mat closed at $1.46 at the end of the last trading period.
Stifel downgraded the previous rating for Atreca Inc (NASDAQ:BCEL) from Buy to Hold. In the second quarter, Atreca showed an EPS of $0.49, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $2.78 and a 52-week-low of $0.76. At the end of the last trading period, Atreca closed at $0.88.
Wells Fargo downgraded the previous rating for Kezar Life Sciences Inc (NASDAQ:KZR) from Overweight to Equal-Weight. Kezar Life Sciences earned $0.34 in the second quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $10.78 and a 52-week-low of $1.98. Kezar Life Sciences closed at $2.05 at the end of the last trading period.
For Wolverine World Wide Inc (NYSE:WWW), Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. For the second quarter, Wolverine World Wide had an EPS of $0.19, compared to year-ago quarter EPS of $0.66. At the moment, the stock has a 52-week-high of $23.43 and a 52-week-low of $8.75. Wolverine World Wide closed at $8.77 at the end of the last trading period.
For Heritage Commerce Corp (NASDAQ:HTBK), Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. Heritage Commerce earned $0.27 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $14.85 and a 52-week-low of $6.69. At the end of the last trading period, Heritage Commerce closed at $9.40.
Alliance Global Partners downgraded the previous rating for One Stop Systems Inc (NASDAQ:OSS) from Buy to Neutral. One Stop Systems earned $0.00 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.10 and a 52-week-low of $2.29. One Stop Systems closed at $3.22 at the end of the last trading period.
According to Baird, the prior rating for Capri Holdings Ltd (NYSE:CPRI) was changed from Outperform to Neutral. In the first quarter, Capri Holdings showed an EPS of $0.74, compared to $1.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $69.25 and a 52-week-low of $34.17. Capri Holdings closed at $53.90 at the end of the last trading period.
According to UBS, the prior rating for Sealed Air Corp (NYSE:SEE) was changed from Buy to Neutral. Sealed Air earned $0.80 in the second quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $59.66 and a 52-week-low of $37.34. At the end of the last trading period, Sealed Air closed at $38.97.
Wolfe Research downgraded the previous rating for Stanley Black & Decker Inc (NYSE:SWK) from Peer Perform to Underperform. In the second quarter, Stanley Black & Decker showed an EPS of $0.11, compared to $1.77 from the year-ago quarter. The current stock performance of Stanley Black & Decker shows a 52-week-high of $104.39 and a 52-week-low of $70.27. Moreover, at the end of the last trading period, the closing price was at $95.32.
According to B of A Securities, the prior rating for Medical Properties Trust Inc (NYSE:MPW) was changed from Neutral to Underperform. Medical Properties Trust earned $0.48 in the second quarter, compared to $0.46 in the year-ago quarter. The current stock performance of Medical Properties Trust shows a 52-week-high of $16.81 and a 52-week-low of $7.10. Moreover, at the end of the last trading period, the closing price was at $8.13.
For Ventas Inc (NYSE:VTR), B of A Securities downgraded the previous rating of Buy to Neutral. In the second quarter, Ventas showed an EPS of $0.75, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $53.15 and a 52-week-low of $35.34. At the end of the last trading period, Ventas closed at $43.56.
HC Wainwright & Co. downgraded the previous rating for Atreca Inc (NASDAQ:BCEL) from Buy to Neutral. In the second quarter, Atreca showed an EPS of $0.49, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $2.78 and a 52-week-low of $0.76. At the end of the last trading period, Atreca closed at $0.88.
For Capri Holdings Ltd (NYSE:CPRI), Raymond James downgraded the previous rating of Strong Buy to Market Perform. For the first quarter, Capri Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $1.50. The stock has a 52-week-high of $69.25 and a 52-week-low of $34.17. At the end of the last trading period, Capri Holdings closed at $53.90.
HC Wainwright & Co. downgraded the previous rating for eMagin Corp (AMEX:EMAN) from Buy to Neutral. For the second quarter, eMagin had an EPS of $0.13, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $2.49 and a 52-week-low of $0.59. eMagin closed at $1.98 at the end of the last trading period.
For Olaplex Holdings Inc (NASDAQ:OLPX), Canaccord Genuity downgraded the previous rating of Buy to Hold. For the second quarter, Olaplex Hldgs had an EPS of $0.03, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $16.54 and a 52-week-low of $2.59. At the end of the last trading period, Olaplex Hldgs closed at $2.62.
For Wolverine World Wide Inc (NYSE:WWW), William Blair downgraded the previous rating of Buy to Hold. Wolverine World Wide earned $0.19 in the second quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $23.43 and a 52-week-low of $8.75. At the end of the last trading period, Wolverine World Wide closed at $8.77.
Raymond James downgraded the previous rating for Forward Air Corp (NASDAQ:FWRD) from Strong Buy to Market Perform. In the second quarter, Forward Air showed an EPS of $0.91, compared to $2.04 from the year-ago quarter. The stock has a 52-week-high of $121.38 and a 52-week-low of $88.23. At the end of the last trading period, Forward Air closed at $104.02.
For Capri Holdings Ltd (NYSE:CPRI), Guggenheim downgraded the previous rating of Buy to Neutral. In the first quarter, Capri Holdings showed an EPS of $0.74, compared to $1.50 from the year-ago quarter. The current stock performance of Capri Holdings shows a 52-week-high of $69.25 and a 52-week-low of $34.17. Moreover, at the end of the last trading period, the closing price was at $53.90.
Raymond James downgraded the previous rating for Medical Properties Trust Inc (NYSE:MPW) from Strong Buy to Underperform. In the second quarter, Medical Properties Trust showed an EPS of $0.48, compared to $0.46 from the year-ago quarter. The current stock performance of Medical Properties Trust shows a 52-week-high of $16.81 and a 52-week-low of $7.10. Moreover, at the end of the last trading period, the closing price was at $8.13.
For Capri Holdings Ltd (NYSE:CPRI), UBS downgraded the previous rating of Buy to Neutral. Capri Holdings earned $0.74 in the first quarter, compared to $1.50 in the year-ago quarter. The current stock performance of Capri Holdings shows a 52-week-high of $69.25 and a 52-week-low of $34.17. Moreover, at the end of the last trading period, the closing price was at $53.90.
For Capri Holdings Ltd (NYSE:CPRI), Citigroup downgraded the previous rating of Buy to Neutral. For the first quarter, Capri Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $1.50. At the moment, the stock has a 52-week-high of $69.25 and a 52-week-low of $34.17. Capri Holdings closed at $53.90 at the end of the last trading period.
For Forward Air Corp (NASDAQ:FWRD), Wolfe Research downgraded the previous rating of Peer Perform to Underperform. For the second quarter, Forward Air had an EPS of $0.91, compared to year-ago quarter EPS of $2.04. At the moment, the stock has a 52-week-high of $121.38 and a 52-week-low of $88.23. Forward Air closed at $104.02 at the end of the last trading period.
According to Citigroup, the prior rating for Cano Health Inc (NYSE:CANO) was changed from Buy to Neutral. In the second quarter, Cano Health showed an EPS of $0.51, compared to $0.03 from the year-ago quarter. The current stock performance of Cano Health shows a 52-week-high of $9.75 and a 52-week-low of $0.76. Moreover, at the end of the last trading period, the closing price was at $1.52.
According to Stifel, the prior rating for Forward Air Corp (NASDAQ:FWRD) was changed from Buy to Hold. In the second quarter, Forward Air showed an EPS of $0.91, compared to $2.04 from the year-ago quarter. The current stock performance of Forward Air shows a 52-week-high of $121.38 and a 52-week-low of $88.23. Moreover, at the end of the last trading period, the closing price was at $104.02.
Keybanc downgraded the previous rating for Telesis Bio Inc (NASDAQ:TBIO) from Overweight to Sector Weight. For the second quarter, Telesis Bio had an EPS of $0.28, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of $3.32 and a 52-week-low of $1.09. Telesis Bio closed at $1.39 at the end of the last trading period.
According to Oppenheimer, the prior rating for Marinus Pharmaceuticals Inc (NASDAQ:MRNS) was changed from Outperform to Perform. In the second quarter, Marinus Pharma showed an EPS of $0.61, compared to $1.06 from the year-ago quarter. The stock has a 52-week-high of $11.15 and a 52-week-low of $3.48. At the end of the last trading period, Marinus Pharma closed at $7.89.
Wells Fargo downgraded the previous rating for Western Midstream Partners LP (NYSE:WES) from Overweight to Equal-Weight. Western Midstream earned $0.64 in the second quarter, compared to $0.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of $29.11 and a 52-week-low of $23.24. Western Midstream closed at $27.73 at the end of the last trading period.
Seaport Global downgraded the previous rating for Wolverine World Wide Inc (NYSE:WWW) from Buy to Neutral. Wolverine World Wide earned $0.19 in the second quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $23.43 and a 52-week-low of $8.75. At the end of the last trading period, Wolverine World Wide closed at $8.77.
See all analyst ratings downgrades.
Initiations
With an Overweight rating, Capital One initiated coverage on Jasper Therapeutics Inc (NASDAQ:JSPR). The price target seems to have been set at $7.00 for Jasper Therapeutics. In the first quarter, Jasper Therapeutics showed an EPS of $0.16, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $3.80 and a 52-week-low of $0.39. At the end of the last trading period, Jasper Therapeutics closed at $1.41.
William Blair initiated coverage on HCI Group Inc (NYSE:HCI) with a Market Perform rating. For the second quarter, HCI Group had an EPS of $1.22, compared to year-ago quarter EPS of $0.71. The stock has a 52-week-high of $70.00 and a 52-week-low of $27.72. At the end of the last trading period, HCI Group closed at $62.31.
William Blair initiated coverage on Hippo Holdings Inc (NYSE:HIPO) with a Market Perform rating. Hippo Holdings earned $4.61 in the second quarter, compared to $3.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.25 and a 52-week-low of $10.25. Hippo Holdings closed at $10.33 at the end of the last trading period.
With a Buy rating, Guggenheim initiated coverage on CymaBay Therapeutics Inc (NASDAQ:CBAY). The price target seems to have been set at $20.00 for CymaBay Therapeutics. In the second quarter, CymaBay Therapeutics showed an EPS of $0.01, compared to $0.31 from the year-ago quarter. The stock has a 52-week-high of $13.25 and a 52-week-low of $3.15. At the end of the last trading period, CymaBay Therapeutics closed at $12.96.
B of A Securities initiated coverage on Kura Oncology Inc (NASDAQ:KURA) with a Buy rating. The price target for Kura Oncology is set to $31.00. Kura Oncology earned $0.53 in the second quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Kura Oncology shows a 52-week-high of $17.42 and a 52-week-low of $9.49. Moreover, at the end of the last trading period, the closing price was at $11.04.
With a Market Perform rating, Hovde Group initiated coverage on Towne Bank (NASDAQ:TOWN). The price target seems to have been set at $27.00 for Towne Bank. For the second quarter, Towne Bank had an EPS of $0.52, compared to year-ago quarter EPS of $0.64. The current stock performance of Towne Bank shows a 52-week-high of $33.42 and a 52-week-low of $21.22. Moreover, at the end of the last trading period, the closing price was at $25.13.
JP Morgan initiated coverage on Expeditors International of Washington Inc (NASDAQ:EXPD) with an Underweight rating. The price target for Expeditors Intl is set to $110.00. Expeditors Intl earned $1.30 in the second quarter, compared to $2.27 in the year-ago quarter. The current stock performance of Expeditors Intl shows a 52-week-high of $128.04 and a 52-week-low of $86.08. Moreover, at the end of the last trading period, the closing price was at $117.97.
With a Neutral rating, JP Morgan initiated coverage on Madison Square Garden Entertainment Corp (NYSE:MSGE). The price target seems to have been set at $38.00 for Madison Square Garden. For the third quarter, Madison Square Garden had an EPS of $0.42, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $69.75 and a 52-week-low of $28.09. At the end of the last trading period, Madison Square Garden closed at $32.33.
With an Overweight rating, Piper Sandler initiated coverage on PROCEPT BioRobotics Corp (NASDAQ:PRCT). The price target seems to have been set at $42.00 for PROCEPT BioRobotics. For the second quarter, PROCEPT BioRobotics had an EPS of $0.56, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $52.40 and a 52-week-low of $25.29. PROCEPT BioRobotics closed at $31.66 at the end of the last trading period.