Benzinga's Top Ratings Upgrades, Downgrades For August 17, 2023
Upgrades
According to Craig-Hallum, the prior rating for Tower Semiconductor Ltd (NASDAQ:TSEM) was changed from Hold to Buy. In the second quarter, Tower Semiconductor showed an EPS of $0.46, compared to $0.53 from the year-ago quarter. The stock has a 52-week-high of $47.74 and a 52-week-low of $29.80. At the end of the last trading period, Tower Semiconductor closed at $30.17.
For Adobe Inc (NASDAQ:ADBE), B of A Securities upgraded the previous rating of Neutral to Buy. Adobe earned $3.91 in the second quarter, compared to $3.35 in the year-ago quarter. The current stock performance of Adobe shows a 52-week-high of $552.94 and a 52-week-low of $274.80. Moreover, at the end of the last trading period, the closing price was at $514.49.
According to Citigroup, the prior rating for America Movil SAB de CV (NYSE:AMX) was changed from Neutral to Buy. America Movil earned $0.51 in the first quarter, compared to $0.47 in the year-ago quarter. The current stock performance of America Movil shows a 52-week-high of $23.07 and a 52-week-low of $15.68. Moreover, at the end of the last trading period, the closing price was at $18.63.
Rosenblatt upgraded the previous rating for Coherent Corp (NYSE:COHR) from Neutral to Buy. In the fourth quarter, Coherent showed an EPS of $0.41, compared to $0.98 from the year-ago quarter. The current stock performance of Coherent shows a 52-week-high of $60.46 and a 52-week-low of $26.29. Moreover, at the end of the last trading period, the closing price was at $32.97.
Wolfe Research upgraded the previous rating for Hexcel Corp (NYSE:HXL) from Peer Perform to Outperform. In the second quarter, Hexcel showed an EPS of $0.50, compared to $0.33 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.08 and a 52-week-low of $50.25. Hexcel closed at $69.18 at the end of the last trading period.
For Alcon Inc (NYSE:ALC), JP Morgan upgraded the previous rating of Neutral to Overweight. Alcon earned $0.69 in the second quarter, compared to $0.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $86.20 and a 52-week-low of $55.21. Alcon closed at $80.24 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
For 22nd Century Group Inc (NASDAQ:XXII), Alliance Global Partners downgraded the previous rating of Buy to Neutral. For the second quarter, 22nd Century Group had an EPS of $1.40, compared to year-ago quarter EPS of $0.95. The stock has a 52-week-high of $26.32 and a 52-week-low of $2.00. At the end of the last trading period, 22nd Century Group closed at $2.07.
Scotiabank downgraded the previous rating for Crestwood Equity Partners LP (NYSE:CEQP) from Sector Outperform to Sector Perform. For the second quarter, Crestwood Equity Partners had an EPS of $1.16, compared to year-ago quarter EPS of $0.14. The current stock performance of Crestwood Equity Partners shows a 52-week-high of $31.43 and a 52-week-low of $22.11. Moreover, at the end of the last trading period, the closing price was at $27.39.
BTIG downgraded the previous rating for Invitation Homes Inc (NYSE:INVH) from Buy to Neutral. Invitation Homes earned $0.44 in the second quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $40.20 and a 52-week-low of $28.52. At the end of the last trading period, Invitation Homes closed at $34.07.
According to Nomura Instinet, the prior rating for BorgWarner Inc (NYSE:BWA) was changed from Buy to Neutral. For the second quarter, BorgWarner had an EPS of $1.35, compared to year-ago quarter EPS of $1.05. At the moment, the stock has a 52-week-high of $51.14 and a 52-week-low of $31.16. BorgWarner closed at $39.85 at the end of the last trading period.
BMO Capital downgraded the previous rating for SL Green Realty Corp (NYSE:SLG) from Outperform to Market Perform. In the second quarter, SL Green Realty showed an EPS of $1.43, compared to $1.87 from the year-ago quarter. The stock has a 52-week-high of $51.26 and a 52-week-low of $19.06. At the end of the last trading period, SL Green Realty closed at $32.18.
For Advent Technologies Holdings Inc (NASDAQ:ADN), Jefferies downgraded the previous rating of Buy to Hold. For the second quarter, Advent Technologies Hldgs had an EPS of $0.23, compared to year-ago quarter EPS of $0.21. The current stock performance of Advent Technologies Hldgs shows a 52-week-high of $4.26 and a 52-week-low of $0.55. Moreover, at the end of the last trading period, the closing price was at $0.62.
Wells Fargo downgraded the previous rating for Crestwood Equity Partners LP (NYSE:CEQP) from Overweight to Equal-Weight. For the second quarter, Crestwood Equity Partners had an EPS of $1.16, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $31.43 and a 52-week-low of $22.11. At the end of the last trading period, Crestwood Equity Partners closed at $27.39.
Evercore ISI Group downgraded the previous rating for JBG SMITH Properties (NYSE:JBGS) from In-Line to Underperform. JBG SMITH Props earned $0.36 in the second quarter, compared to $0.31 in the year-ago quarter. The current stock performance of JBG SMITH Props shows a 52-week-high of $24.25 and a 52-week-low of $13.37. Moreover, at the end of the last trading period, the closing price was at $14.49.
According to Keybanc, the prior rating for Denbury Inc (NYSE:DEN) was changed from Overweight to Sector Weight. Denbury earned $1.06 in the second quarter, compared to $1.69 in the year-ago quarter. The stock has a 52-week-high of $104.05 and a 52-week-low of $73.24. At the end of the last trading period, Denbury closed at $87.50.
See all analyst ratings downgrades.
Initiations
CL King initiated coverage on Outset Medical Inc (NASDAQ:OM) with a Neutral rating. Outset Medical earned $0.69 in the second quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.55 and a 52-week-low of $11.41. Outset Medical closed at $14.79 at the end of the last trading period.
With a Buy rating, Jefferies initiated coverage on BeiGene Ltd (NASDAQ:BGNE). The price target seems to have been set at $287.00 for BeiGene. For the second quarter, BeiGene had an EPS of $3.64, compared to year-ago quarter EPS of $5.56. The current stock performance of BeiGene shows a 52-week-high of $280.62 and a 52-week-low of $124.55. Moreover, at the end of the last trading period, the closing price was at $192.33.
JP Morgan initiated coverage on AppFolio Inc (NASDAQ:APPF) with an Overweight rating. The price target for AppFolio is set to $200.00. AppFolio earned $0.23 in the second quarter, compared to $0.03 in the year-ago quarter. The current stock performance of AppFolio shows a 52-week-high of $195.90 and a 52-week-low of $93.04. Moreover, at the end of the last trading period, the closing price was at $164.69.
With a Equal-Weight rating, Morgan Stanley initiated coverage on CryoPort Inc (NASDAQ:CYRX). The price target seems to have been set at $16.00 for CryoPort. In the second quarter, CryoPort showed an EPS of $0.42, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $44.41 and a 52-week-low of $12.39. At the end of the last trading period, CryoPort closed at $13.02.
Piper Sandler initiated coverage on First Business Financial Services Inc (NASDAQ:FBIZ) with an Overweight rating. The price target for First Business Finl Servs is set to $37.00. In the second quarter, First Business Finl Servs showed an EPS of $0.98, compared to $1.29 from the year-ago quarter. The stock has a 52-week-high of $39.77 and a 52-week-low of $24.57. At the end of the last trading period, First Business Finl Servs closed at $32.10.
UBS initiated coverage on Landstar System Inc (NASDAQ:LSTR) with a Neutral rating. The price target for Landstar System is set to $209.00. In the second quarter, Landstar System showed an EPS of $1.85, compared to $3.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $208.62 and a 52-week-low of $137.62. Landstar System closed at $192.47 at the end of the last trading period.
BMO Capital initiated coverage on Metals Acquisition Ltd (NYSE:MTAL) with an Outperform rating. The price target for Metals Acquisition is set to $14.00. The stock has a 52-week-high of $13.10 and a 52-week-low of $8.49. At the end of the last trading period, Metals Acquisition closed at $11.25.
With a Sector Perform rating, RBC Capital initiated coverage on Lennox International Inc (NYSE:LII). The price target seems to have been set at $391.00 for Lennox Intl. In the second quarter, Lennox Intl showed an EPS of $6.15, compared to $5.00 from the year-ago quarter. The stock has a 52-week-high of $382.40 and a 52-week-low of $203.82. At the end of the last trading period, Lennox Intl closed at $366.96.
DA Davidson initiated coverage on CommVault Systems Inc (NASDAQ:CVLT) with a Buy rating. The price target for CommVault Systems is set to $85.00. CommVault Systems earned $0.72 in the first quarter, compared to $0.64 in the year-ago quarter. The current stock performance of CommVault Systems shows a 52-week-high of $78.80 and a 52-week-low of $50.42. Moreover, at the end of the last trading period, the closing price was at $68.94.