Benzinga's Top Ratings Upgrades, Downgrades For August 16, 2023
Upgrades
UBS upgraded the previous rating for Aemetis Inc (NASDAQ:AMTX) from Neutral to Buy. For the second quarter, Aemetis had an EPS of $0.68, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $10.74 and a 52-week-low of $1.16. At the end of the last trading period, Aemetis closed at $6.16.
According to Exane BNP Paribas, the prior rating for Revance Therapeutics Inc (NASDAQ:RVNC) was changed from Underperform to Neutral. In the second quarter, Revance Therapeutics showed an EPS of $0.80, compared to $0.88 from the year-ago quarter. The current stock performance of Revance Therapeutics shows a 52-week-high of $37.98 and a 52-week-low of $17.97. Moreover, at the end of the last trading period, the closing price was at $18.80.
For Inter & Co Inc (NASDAQ:INTR), Citigroup upgraded the previous rating of Neutral to Buy. For the second quarter, Inter & Co had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $4.63 and a 52-week-low of $1.37. Inter & Co closed at $3.94 at the end of the last trading period.
Evercore ISI Group upgraded the previous rating for Magnite Inc (NASDAQ:MGNI) from In-Line to Outperform. For the second quarter, Magnite had an EPS of $0.09, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $15.73 and a 52-week-low of $5.58. Magnite closed at $8.52 at the end of the last trading period.
For National CineMedia Inc (NASDAQ:NCMI), Benchmark upgraded the previous rating of Hold to Speculative Buy. National CineMedia earned $0.08 in the fourth quarter, compared to $0.05 in the year-ago quarter. The current stock performance of National CineMedia shows a 52-week-high of $18.20 and a 52-week-low of $1.01. Moreover, at the end of the last trading period, the closing price was at $3.55.
JP Morgan upgraded the previous rating for Gulfport Energy Corp (NYSE:GPOR) from Neutral to Overweight. In the second quarter, Gulfport Energy showed an EPS of $2.66, compared to $5.09 from the year-ago quarter. The current stock performance of Gulfport Energy shows a 52-week-high of $114.88 and a 52-week-low of $60.15. Moreover, at the end of the last trading period, the closing price was at $112.23.
JP Morgan upgraded the previous rating for SM Energy Co (NYSE:SM) from Neutral to Overweight. For the second quarter, SM Energy had an EPS of $1.28, compared to year-ago quarter EPS of $2.19. The current stock performance of SM Energy shows a 52-week-high of $48.54 and a 52-week-low of $24.66. Moreover, at the end of the last trading period, the closing price was at $39.01.
According to JP Morgan, the prior rating for Pioneer Natural Resources Co (NYSE:PXD) was changed from Neutral to Overweight. In the second quarter, Pioneer Natural Resources showed an EPS of $4.49, compared to $9.36 from 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 $233.72 at the end of the last trading period.
BMO Capital upgraded the previous rating for CareTrust REIT Inc (NYSE:CTRE) from Market Perform to Outperform. In the second quarter, CareTrust REIT showed an EPS of $0.35, compared to $0.37 from the year-ago quarter. The current stock performance of CareTrust REIT shows a 52-week-high of $22.09 and a 52-week-low of $16.22. Moreover, at the end of the last trading period, the closing price was at $19.89.
According to Citigroup, the prior rating for Callon Petroleum Co (NYSE:CPE) was changed from Neutral to Buy. In the second quarter, Callon Petroleum showed an EPS of $1.99, compared to $3.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.10 and a 52-week-low of $28.91. Callon Petroleum closed at $35.59 at the end of the last trading period.
According to Mizuho, the prior rating for Permian Resources Corp (NYSE:PR) was changed from Neutral to Buy. At the moment, the stock has a 52-week-high of $12.62 and a 52-week-low of $6.12. Permian Resources closed at $12.16 at the end of the last trading period.
According to Mizuho, the prior rating for Matador Resources Co (NYSE:MTDR) was changed from Neutral to Buy. In the second quarter, Matador Resources showed an EPS of $1.42, compared to $3.47 from the year-ago quarter. The current stock performance of Matador Resources shows a 52-week-high of $73.76 and a 52-week-low of $42.04. Moreover, at the end of the last trading period, the closing price was at $57.82.
For Chevron Corp (NYSE:CVX), Mizuho upgraded the previous rating of Neutral to Buy. For the second quarter, Chevron had an EPS of $3.08, compared to year-ago quarter EPS of $5.82. At the moment, the stock has a 52-week-high of $189.66 and a 52-week-low of $140.48. Chevron closed at $159.24 at the end of the last trading period.
For NextDecade Corp (NASDAQ:NEXT), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the first quarter, NextDecade had an EPS of $0.23, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $8.94 and a 52-week-low of $3.92. NextDecade closed at $5.91 at the end of the last trading period.
According to Goldman Sachs, the prior rating for Brixmor Property Group Inc (NYSE:BRX) was changed from Neutral to Buy. Brixmor Property Group earned $0.52 in the second quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $24.49 and a 52-week-low of $17.62. At the end of the last trading period, Brixmor Property Group closed at $22.21.
According to UBS, the prior rating for Keurig Dr Pepper Inc (NASDAQ:KDP) was changed from Neutral to Buy. For the second quarter, Keurig Dr Pepper had an EPS of $0.42, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $41.25 and a 52-week-low of $30.47. At the end of the last trading period, Keurig Dr Pepper closed at $33.47.
See all analyst ratings upgrades.
Downgrades
According to B of A Securities, the prior rating for SolarEdge Technologies Inc (NASDAQ:SEDG) was changed from Buy to Neutral. SolarEdge Technologies earned $2.62 in the second quarter, compared to $0.95 in the year-ago quarter. The current stock performance of SolarEdge Technologies shows a 52-week-high of $345.80 and a 52-week-low of $169.86. Moreover, at the end of the last trading period, the closing price was at $170.00.
HC Wainwright & Co. downgraded the previous rating for Alaunos Therapeutics Inc (NASDAQ:TCRT) from Buy to Neutral. For the second quarter, Alaunos Therapeutics had an EPS of $0.04, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $4.01 and a 52-week-low of $0.12. At the end of the last trading period, Alaunos Therapeutics closed at $0.14.
For Magellan Midstream Partners LP (NYSE:MMP), Argus Research downgraded the previous rating of Hold to Sell. Magellan Midstream earned $1.23 in the second quarter, compared to $1.17 in the year-ago quarter. The stock has a 52-week-high of $66.78 and a 52-week-low of $45.55. At the end of the last trading period, Magellan Midstream closed at $65.55.
According to DA Davidson, the prior rating for Southland Holdings Inc (AMEX:SLND) was changed from Buy to Neutral. At the moment, the stock has a 52-week-high of $10.85 and a 52-week-low of $5.66. Southland Holdings closed at $6.41 at the end of the last trading period.
For Marqeta Inc (NASDAQ:MQ), BTIG downgraded the previous rating of Neutral to Sell. For the second quarter, Marqeta had an EPS of $0.11, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $8.71 and a 52-week-low of $3.46. At the end of the last trading period, Marqeta closed at $5.88.
For Galera Therapeutics Inc (NASDAQ:GRTX), HC Wainwright & Co. downgraded the previous rating of Buy to Neutral. Galera Therapeutics earned $0.48 in the second quarter, compared to $0.54 in the year-ago quarter. The current stock performance of Galera Therapeutics shows a 52-week-high of $3.59 and a 52-week-low of $0.25. Moreover, at the end of the last trading period, the closing price was at $0.27.
For Chesapeake Energy Corp (NASDAQ:CHK), JP Morgan downgraded the previous rating of Overweight to Neutral. For the second quarter, Chesapeake Energy had an EPS of $0.64, compared to year-ago quarter EPS of $4.87. At the moment, the stock has a 52-week-high of $107.31 and a 52-week-low of $69.68. Chesapeake Energy closed at $82.87 at the end of the last trading period.
According to Mizuho, the prior rating for Magnolia Oil & Gas Corp (NYSE:MGY) was changed from Buy to Neutral. In the second quarter, Magnolia Oil & Gas showed an EPS of $0.51, compared to $1.32 from the year-ago quarter. The stock has a 52-week-high of $27.54 and a 52-week-low of $18.17. At the end of the last trading period, Magnolia Oil & Gas closed at $22.68.
According to Mizuho, the prior rating for HF Sinclair Corp (NYSE:DINO) was changed from Buy to Neutral. In the second quarter, HF Sinclair showed an EPS of $2.60, compared to $5.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.17 and a 52-week-low of $37.12. HF Sinclair closed at $55.77 at the end of the last trading period.
For Marathon Petroleum Corp (NYSE:MPC), Mizuho downgraded the previous rating of Buy to Neutral. In the second quarter, Marathon Petroleum showed an EPS of $5.32, compared to $10.61 from the year-ago quarter. At the moment, the stock has a 52-week-high of $149.76 and a 52-week-low of $89.41. Marathon Petroleum closed at $142.62 at the end of the last trading period.
According to RBC Capital, the prior rating for Easterly Government Properties Inc (NYSE:DEA) was changed from Sector Perform to Underperform. In the second quarter, Easterly Government Props showed an EPS of $0.28, compared to $0.33 from the year-ago quarter. The current stock performance of Easterly Government Props shows a 52-week-high of $19.41 and a 52-week-low of $12.27. Moreover, at the end of the last trading period, the closing price was at $14.22.
According to Canaccord Genuity, the prior rating for Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) was changed from Buy to Hold. Zynerba Pharmaceuticals earned $0.21 in the second quarter, compared to $0.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1.38 and a 52-week-low of $0.25. Zynerba Pharmaceuticals closed at $1.35 at the end of the last trading period.
For Golar LNG Ltd (NASDAQ:GLNG), Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the second quarter, Golar LNG showed an EPS of $0.04, compared to $2.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.65 and a 52-week-low of $19.62. Golar LNG closed at $22.39 at the end of the last trading period.
According to JP Morgan, the prior rating for Grupo Aval Acciones y Valores SA (NYSE:AVAL) was changed from Neutral to Underweight. Grupo Aval Acciones earned $0.08 in the third quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $3.48 and a 52-week-low of $2.02. Grupo Aval Acciones closed at $2.45 at the end of the last trading period.
According to Goldman Sachs, the prior rating for Kimco Realty Corp (NYSE:KIM) was changed from Buy to Neutral. In the second quarter, Kimco Realty showed an EPS of $0.39, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $23.89 and a 52-week-low of $17.34. At the end of the last trading period, Kimco Realty closed at $19.81.
According to Goldman Sachs, the prior rating for Tanger Factory Outlet Centers Inc (NYSE:SKT) was changed from Buy to Neutral. For the second quarter, Tanger Factory Outlet had an EPS of $0.47, compared to year-ago quarter EPS of $0.45. The stock has a 52-week-high of $25.23 and a 52-week-low of $13.26. At the end of the last trading period, Tanger Factory Outlet closed at $24.57.
Keefe, Bruyette & Woods downgraded the previous rating for CB Financial Services Inc (NASDAQ:CBFV) from Outperform to Market Perform. For the second quarter, CB Financial Services had an EPS of $0.63, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $24.98 and a 52-week-low of $17.20. At the end of the last trading period, CB Financial Services closed at $22.67.
According to Citigroup, the prior rating for Sea Ltd (NYSE:SE) was changed from Buy to Neutral. In the second quarter, Sea showed an EPS of $0.54, compared to $1.03 from the year-ago quarter. The stock has a 52-week-high of $92.20 and a 52-week-low of $40.11. At the end of the last trading period, Sea closed at $40.58.
See all analyst ratings downgrades.
Initiations
Capital One initiated coverage on Immunocore Holdings PLC (NASDAQ:IMCR) with an Overweight rating. The price target for Immunocore Hldgs is set to $84.00. For the second quarter, Immunocore Hldgs had an EPS of $0.37, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $69.01 and a 52-week-low of $39.00. Immunocore Hldgs closed at $60.25 at the end of the last trading period.
With an Overweight rating, Wells Fargo initiated coverage on GE HealthCare Technologies Inc (NASDAQ:GEHC). The price target seems to have been set at $90.00 for GE HealthCare Techs. For the second quarter, GE HealthCare Techs had an EPS of $0.92, compared to year-ago quarter EPS of $1.15. The stock has a 52-week-high of $87.83 and a 52-week-low of $53.00. At the end of the last trading period, GE HealthCare Techs closed at $70.54.
Barclays initiated coverage on Fortrea Holdings Inc (NASDAQ:FTRE) with a Equal-Weight rating. The price target for Fortrea Holdings is set to $29.00. For the second quarter, Fortrea Holdings had an EPS of $0.52, compared to year-ago quarter EPS of $0.97. At the moment, the stock has a 52-week-high of $37.30 and a 52-week-low of $25.68. Fortrea Holdings closed at $27.18 at the end of the last trading period.
With a Buy rating, Guggenheim initiated coverage on Vera Therapeutics Inc (NASDAQ:VERA). The price target seems to have been set at $27.00 for Vera Therapeutics. For the second quarter, Vera Therapeutics had an EPS of $0.46, compared to year-ago quarter EPS of $0.55. The current stock performance of Vera Therapeutics shows a 52-week-high of $23.29 and a 52-week-low of $5.20. Moreover, at the end of the last trading period, the closing price was at $17.69.