Benzinga's Top Ratings Upgrades, Downgrades For August 22, 2023
Upgrades
Stifel upgraded the previous rating for Fulcrum Therapeutics Inc (NASDAQ:FULC) from Hold to Buy. For the second quarter, Fulcrum Therapeutics had an EPS of $0.38, compared to year-ago quarter EPS of $0.83. The stock has a 52-week-high of $15.00 and a 52-week-low of $2.25. At the end of the last trading period, Fulcrum Therapeutics closed at $3.92.
For Restaurant Brands International Inc (NYSE:QSR), Northcoast Research upgraded the previous rating of Neutral to Buy. Restaurant Brands Intl earned $0.85 in the second quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $78.30 and a 52-week-low of $51.28. At the end of the last trading period, Restaurant Brands Intl closed at $69.34.
Compass Point upgraded the previous rating for Trinity Capital Inc (NASDAQ:TRIN) from Neutral to Buy. Trinity Cap earned $0.58 in the second quarter, compared to $0.48 in the year-ago quarter. The stock has a 52-week-high of $15.55 and a 52-week-low of $10.24. At the end of the last trading period, Trinity Cap closed at $14.35.
Mizuho upgraded the previous rating for Pinnacle West Capital Corp (NYSE:PNW) from Neutral to Buy. In the second quarter, Pinnacle West Capital showed an EPS of $0.94, compared to $1.45 from the year-ago quarter. The current stock performance of Pinnacle West Capital shows a 52-week-high of $86.03 and a 52-week-low of $59.07. Moreover, at the end of the last trading period, the closing price was at $77.68.
According to Mizuho, the prior rating for Edison International (NYSE:EIX) was changed from Neutral to Buy. For the second quarter, Edison Intl had an EPS of $1.01, compared to year-ago quarter EPS of $0.94. The current stock performance of Edison Intl shows a 52-week-high of $74.92 and a 52-week-low of $54.51. Moreover, at the end of the last trading period, the closing price was at $69.01.
For Emerson Electric Co (NYSE:EMR), JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, Emerson Electric had an EPS of $1.29, compared to year-ago quarter EPS of $1.38. The stock has a 52-week-high of $99.65 and a 52-week-low of $72.42. At the end of the last trading period, Emerson Electric closed at $95.06.
For Shift4 Payments Inc (NYSE:FOUR), Raymond James upgraded the previous rating of Market Perform to Outperform. For the second quarter, Shift4 Payments had an EPS of $0.74, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $76.40 and a 52-week-low of $36.37. Shift4 Payments closed at $54.22 at the end of the last trading period.
Piper Sandler upgraded the previous rating for Provident Financial Services Inc (NYSE:PFS) from Neutral to Overweight. For the second quarter, Provident Finl Servs had an EPS of $0.43, compared to year-ago quarter EPS of $0.53. The current stock performance of Provident Finl Servs shows a 52-week-high of $25.21 and a 52-week-low of $14.54. Moreover, at the end of the last trading period, the closing price was at $16.60.
According to UBS, the prior rating for Aramark (NYSE:ARMK) was changed from Neutral to Buy. In the third quarter, Aramark showed an EPS of $0.36, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $45.72 and a 52-week-low of $30.75. At the end of the last trading period, Aramark closed at $36.51.
According to Jefferies, the prior rating for AppLovin Corp (NASDAQ:APP) was changed from Hold to Buy. In the second quarter, AppLovin showed an EPS of $0.22, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.04 and a 52-week-low of $9.14. AppLovin closed at $39.01 at the end of the last trading period.
JP Morgan upgraded the previous rating for Cognizant Technology Solutions Corp (NASDAQ:CTSH) from Underweight to Neutral. In the second quarter, Cognizant Tech Solns showed an EPS of $1.10, compared to $1.14 from the year-ago quarter. The current stock performance of Cognizant Tech Solns shows a 52-week-high of $72.70 and a 52-week-low of $51.33. Moreover, at the end of the last trading period, the closing price was at $68.76.
Goldman Sachs upgraded the previous rating for Jefferies Financial Group Inc (NYSE:JEF) from Neutral to Buy. In the second quarter, Jefferies Financial Gr showed an EPS of $0.06, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $40.68 and a 52-week-low of $27.49. At the end of the last trading period, Jefferies Financial Gr closed at $34.24.
For Iron Mountain Inc (NYSE:IRM), RBC Capital upgraded the previous rating of Sector Perform to Outperform. Iron Mountain earned $0.40 in the second quarter, compared to $0.46 in the year-ago quarter. The current stock performance of Iron Mountain shows a 52-week-high of $62.88 and a 52-week-low of $43.38. Moreover, at the end of the last trading period, the closing price was at $58.56.
See all analyst ratings upgrades.
Downgrades
OTR Global downgraded the previous rating for Workday Inc (NASDAQ:WDAY) from Positive to Mixed. Workday earned $1.31 in the first quarter, compared to $0.83 in the year-ago quarter. The current stock performance of Workday shows a 52-week-high of $240.18 and a 52-week-low of $128.73. Moreover, at the end of the last trading period, the closing price was at $227.23.
According to Cantor Fitzgerald, the prior rating for Aravive Inc (NASDAQ:ARAV) was changed from Overweight to Neutral. For the second quarter, Aravive had an EPS of $0.12, compared to year-ago quarter EPS of $0.61. The stock has a 52-week-high of $2.46 and a 52-week-low of $0.18. At the end of the last trading period, Aravive closed at $0.20.
According to B of A Securities, the prior rating for Xcel Energy Inc (NASDAQ:XEL) was changed from Buy to Neutral. Xcel Energy earned $0.52 in the second quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Xcel Energy shows a 52-week-high of $77.63 and a 52-week-low of $56.92. Moreover, at the end of the last trading period, the closing price was at $57.96.
Daiwa Capital downgraded the previous rating for Target Corp (NYSE:TGT) from Outperform to Neutral. Target earned $1.80 in the second quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $181.70 and a 52-week-low of $124.96. Target closed at $127.79 at the end of the last trading period.
For Genpact Ltd (NYSE:G), JP Morgan downgraded the previous rating of Neutral to Underweight. In the second quarter, Genpact showed an EPS of $0.72, compared to $0.70 from the year-ago quarter. At the moment, the stock has a 52-week-high of $48.83 and a 52-week-low of $35.31. Genpact closed at $36.26 at the end of the last trading period.
For PhenomeX Inc (NASDAQ:CELL), Berenberg downgraded the previous rating of Buy to Hold. In the second quarter, PhenomeX showed an EPS of $0.33, compared to $0.38 from the year-ago quarter. The current stock performance of PhenomeX shows a 52-week-high of $1.28 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $0.93.
According to Jefferies, the prior rating for Certara Inc (NASDAQ:CERT) was changed from Buy to Hold. In the second quarter, Certara showed an EPS of $0.12, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.96 and a 52-week-low of $10.61. Certara closed at $16.11 at the end of the last trading period.
For Evercore Inc (NYSE:EVR), Goldman Sachs downgraded the previous rating of Buy to Neutral. Evercore earned $0.96 in the second quarter, compared to $2.46 in the year-ago quarter. The current stock performance of Evercore shows a 52-week-high of $141.63 and a 52-week-low of $78.68. Moreover, at the end of the last trading period, the closing price was at $133.35.
For Kanzhun Ltd (NASDAQ:BZ), Macquarie downgraded the previous rating of Outperform to Neutral. In the first quarter, Kanzhun showed an EPS of $0.08, compared to $0.04 from the year-ago quarter. The current stock performance of Kanzhun shows a 52-week-high of $26.33 and a 52-week-low of $9.75. Moreover, at the end of the last trading period, the closing price was at $14.57.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Alliance Global Partners initiated coverage on Aspira Womens Health Inc (NASDAQ:AWH). The price target seems to have been set at $5.60 for Aspira Womens Health. For the second quarter, Aspira Womens Health had an EPS of $0.28, compared to year-ago quarter EPS of $1.05. At the moment, the stock has a 52-week-high of $14.25 and a 52-week-low of $2.31. Aspira Womens Health closed at $2.76 at the end of the last trading period.
WestPark Capital initiated coverage on The Glimpse Group Inc (NASDAQ:VRAR) with a Buy rating. The price target for Glimpse Group is set to $8.87. Glimpse Group earned $0.38 in the third quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $6.90 and a 52-week-low of $2.50. At the end of the last trading period, Glimpse Group closed at $2.96.
Wells Fargo initiated coverage on Karuna Therapeutics Inc (NASDAQ:KRTX) with an Overweight rating. The price target for Karuna Therapeutics is set to $225.00. Karuna Therapeutics earned $2.75 in the second quarter, compared to $2.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $274.81 and a 52-week-low of $159.73. Karuna Therapeutics closed at $174.89 at the end of the last trading period.
Wells Fargo initiated coverage on Celldex Therapeutics Inc (NASDAQ:CLDX) with an Underweight rating. The price target for Celldex Therapeutics is set to $21.00. In the second quarter, Celldex Therapeutics showed an EPS of $0.65, compared to $0.77 from the year-ago quarter. The current stock performance of Celldex Therapeutics shows a 52-week-high of $48.40 and a 52-week-low of $27.13. Moreover, at the end of the last trading period, the closing price was at $30.57.
B of A Securities initiated coverage on Gulfport Energy Corp (NYSE:GPOR) with a Buy rating. The price target for Gulfport Energy is set to $155.00. For the second quarter, Gulfport Energy had an EPS of $2.66, compared to year-ago quarter EPS of $5.09. 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 $111.28.
B of A Securities initiated coverage on Madison Square Garden Entertainment Corp (NYSE:MSGE) with a Buy rating. The price target for Madison Square Garden is set to $41.00. In the fourth quarter, Madison Square Garden showed an EPS of $0.47, compared to $1.89 from the year-ago quarter. The current stock performance of Madison Square Garden shows a 52-week-high of $69.75 and a 52-week-low of $28.09. Moreover, at the end of the last trading period, the closing price was at $30.99.
With a Buy rating, Redburn Partners initiated coverage on Light & Wonder Inc (NASDAQ:LNW). The price target seems to have been set at $104.00 for Light & Wonder. For the second quarter, Light & Wonder had an EPS of $0.01, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $76.43 and a 52-week-low of $40.10. Light & Wonder closed at $73.84 at the end of the last trading period.
UBS initiated coverage on GXO Logistics Inc (NYSE:GXO) with a Buy rating. The price target for GXO Logistics is set to $74.00. GXO Logistics earned $0.70 in the second quarter, compared to $0.68 in the year-ago quarter. The current stock performance of GXO Logistics shows a 52-week-high of $67.57 and a 52-week-low of $32.13. Moreover, at the end of the last trading period, the closing price was at $62.52.
UBS initiated coverage on Portland General Electric Co (NYSE:POR) with a Neutral rating. The price target for Portland Gen Electric is set to $46.00. Portland Gen Electric earned $0.44 in the second quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $55.59 and a 52-week-low of $41.68. At the end of the last trading period, Portland Gen Electric closed at $43.87.
Bernstein initiated coverage on Surf Air Mobility Inc (NYSE:SRFM) with an Outperform rating. The price target for Surf Air Mobility is set to $3.62. The current stock performance of Surf Air Mobility shows a 52-week-high of $5.00 and a 52-week-low of $1.10. Moreover, at the end of the last trading period, the closing price was at $1.24.
With a Equal-Weight rating, Morgan Stanley initiated coverage on Axon Enterprise Inc (NASDAQ:AXON). The price target seems to have been set at $230.00 for Axon Enterprise. In the second quarter, Axon Enterprise showed an EPS of $1.11, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $229.95 and a 52-week-low of $109.44. At the end of the last trading period, Axon Enterprise closed at $196.94.
Wedbush initiated coverage on Meta Platforms Inc (NASDAQ:META) with an Outperform rating. The price target for Meta Platforms is set to $350.00. Meta Platforms earned $2.98 in the second quarter, compared to $2.46 in the year-ago quarter. The current stock performance of Meta Platforms shows a 52-week-high of $326.20 and a 52-week-low of $88.10. Moreover, at the end of the last trading period, the closing price was at $289.90.
Wedbush initiated coverage on Sea Ltd (NYSE:SE) with an Outperform rating. The price target for Sea is set to $48.00. For the second quarter, Sea had an EPS of $0.54, compared to year-ago quarter EPS of $1.03. At the moment, the stock has a 52-week-high of $88.84 and a 52-week-low of $37.33. Sea closed at $38.67 at the end of the last trading period.
With an Outperform rating, Wedbush initiated coverage on Shopify Inc (NYSE:SHOP). The price target seems to have been set at $62.00 for Shopify. Shopify earned $0.14 in the second quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $71.43 and a 52-week-low of $23.64. At the end of the last trading period, Shopify closed at $53.93.
With an Outperform rating, Wedbush initiated coverage on MercadoLibre Inc (NASDAQ:MELI). The price target seems to have been set at $1500.00 for MercadoLibre. For the second quarter, MercadoLibre had an EPS of $5.16, compared to year-ago quarter EPS of $2.43. The stock has a 52-week-high of $1388.39 and a 52-week-low of $754.78. At the end of the last trading period, MercadoLibre closed at $1228.51.
With a Neutral rating, Wedbush initiated coverage on Pinterest Inc (NYSE:PINS). The price target seems to have been set at $30.00 for Pinterest. Pinterest earned $0.21 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Pinterest shows a 52-week-high of $30.86 and a 52-week-low of $20.39. Moreover, at the end of the last trading period, the closing price was at $27.52.
With a Neutral rating, Wedbush initiated coverage on TripAdvisor Inc (NASDAQ:TRIP). The price target seems to have been set at $17.00 for TripAdvisor. For the second quarter, TripAdvisor had an EPS of $0.34, compared to year-ago quarter EPS of $0.37. The current stock performance of TripAdvisor shows a 52-week-high of $27.30 and a 52-week-low of $14.38. Moreover, at the end of the last trading period, the closing price was at $15.47.
Wedbush initiated coverage on Alphabet Inc (NASDAQ:GOOGL) with an Outperform rating. The price target for Alphabet is set to $160.00. For the second quarter, Alphabet had an EPS of $1.44, compared to year-ago quarter EPS of $1.21. The current stock performance of Alphabet shows a 52-week-high of $133.74 and a 52-week-low of $83.34. Moreover, at the end of the last trading period, the closing price was at $128.37.
