Benzinga's Top Ratings Upgrades, Downgrades For August 23, 2023

Upgrades

For Beazer Homes USA Inc (NYSE:BZH), Sidoti & Co. upgraded the previous rating of Neutral to Buy. Beazer Homes USA earned $1.42 in the third quarter, compared to $1.76 in the year-ago quarter. The stock has a 52-week-high of $35.93 and a 52-week-low of $9.48. At the end of the last trading period, Beazer Homes USA closed at $28.23.

Morgan Stanley upgraded the previous rating for Brown-Forman Corp (NYSE:BF) from Underweight to Overweight.

For Suncor Energy Inc (NYSE:SU), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Suncor Energy had an EPS of $0.71, compared to year-ago quarter EPS of $2.12. The current stock performance of Suncor Energy shows a 52-week-high of $37.22 and a 52-week-low of $26.44. Moreover, at the end of the last trading period, the closing price was at $32.55.

UBS upgraded the previous rating for Vtex (NYSE:VTEX) from Neutral to Buy. In the second quarter, Vtex showed an EPS of $0.04, compared to $0.11 from the year-ago quarter. The current stock performance of Vtex shows a 52-week-high of $5.89 and a 52-week-low of $3.13. Moreover, at the end of the last trading period, the closing price was at $5.75.

Craig-Hallum upgraded the previous rating for Citi Trends Inc (NASDAQ:CTRN) from Hold to Buy. In the second quarter, Citi Trends showed an EPS of $0.60, compared to $0.31 from the year-ago quarter. The stock has a 52-week-high of $34.94 and a 52-week-low of $14.21. At the end of the last trading period, Citi Trends closed at $23.16.

For Super Micro Computer Inc (NASDAQ:SMCI), Wedbush upgraded the previous rating of Underperform to Neutral. For the fourth quarter, Super Micro Computer had an EPS of $3.51, compared to year-ago quarter EPS of $2.62. At the moment, the stock has a 52-week-high of $357.00 and a 52-week-low of $50.36. Super Micro Computer closed at $258.09 at the end of the last trading period.

B of A Securities upgraded the previous rating for Petroleo Brasileiro SA Petrobras (NYSE:PBR) from Neutral to Buy. In the second quarter, Petrobras Brasileiro showed an EPS of $0.90, compared to $1.68 from the year-ago quarter. The stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. At the end of the last trading period, Petrobras Brasileiro closed at $13.52.

According to Northcoast Research, the prior rating for ScanSource Inc (NASDAQ:SCSC) was changed from Neutral to Buy. In the fourth quarter, ScanSource showed an EPS of $0.76, compared to $0.91 from the year-ago quarter. At the moment, the stock has a 52-week-high of $35.50 and a 52-week-low of $25.75. ScanSource closed at $27.89 at the end of the last trading period.

DA Davidson upgraded the previous rating for Louisiana-Pacific Corp (NYSE:LPX) from Neutral to Buy. For the second quarter, Louisiana-Pacific had an EPS of $0.55, compared to year-ago quarter EPS of $4.57. The current stock performance of Louisiana-Pacific shows a 52-week-high of $79.56 and a 52-week-low of $48.20. Moreover, at the end of the last trading period, the closing price was at $59.55.

For Fulcrum Therapeutics Inc (NASDAQ:FULC), HC Wainwright & Co. upgraded the previous rating of Neutral to Buy. In the second quarter, Fulcrum Therapeutics showed an EPS of $0.38, compared to $0.83 from the year-ago quarter. The current stock performance of Fulcrum Therapeutics shows a 52-week-high of $15.00 and a 52-week-low of $2.25. Moreover, at the end of the last trading period, the closing price was at $5.43.

According to Compass Point, the prior rating for TriplePoint Venture Growth BDC Corp (NYSE:TPVG) was changed from Sell to Neutral. In the second quarter, TriplePoint Venture Gwth showed an EPS of $0.53, compared to $0.41 from the year-ago quarter. The current stock performance of TriplePoint Venture Gwth shows a 52-week-high of $13.67 and a 52-week-low of $9.41. Moreover, at the end of the last trading period, the closing price was at $10.61.

UBS upgraded the previous rating for Avery Dennison Corp (NYSE:AVY) from Neutral to Buy. In the second quarter, Avery Dennison showed an EPS of $1.92, compared to $2.64 from the year-ago quarter. The current stock performance of Avery Dennison shows a 52-week-high of $196.44 and a 52-week-low of $157.66. Moreover, at the end of the last trading period, the closing price was at $176.62.

Edward Jones upgraded the previous rating for Dollar General Corp (NYSE:DG) from Hold to Buy. In the first quarter, Dollar Gen showed an EPS of $2.34, compared to $2.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $261.57 and a 52-week-low of $151.27. Dollar Gen closed at $159.83 at the end of the last trading period.

For Suncor Energy Inc (NYSE:SU), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Suncor Energy earned $0.71 in the second quarter, compared to $2.12 in the year-ago quarter. The stock has a 52-week-high of $37.22 and a 52-week-low of $26.44. At the end of the last trading period, Suncor Energy closed at $32.55.

See all analyst ratings upgrades.

Downgrades

For Dollar General Corp (NYSE:DG), OTR Global downgraded the previous rating of Positive to Mixed. Dollar Gen earned $2.34 in the first quarter, compared to $2.41 in the year-ago quarter. The stock has a 52-week-high of $261.57 and a 52-week-low of $151.27. At the end of the last trading period, Dollar Gen closed at $159.83.

For Dick's Sporting Goods Inc (NYSE:DKS), Wedbush downgraded the previous rating of Outperform to Neutral. In the second quarter, Dick's Sporting Goods showed an EPS of $2.82, compared to $3.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $152.61 and a 52-week-low of $98.07. Dick's Sporting Goods closed at $111.53 at the end of the last trading period.

According to B of A Securities, the prior rating for Dick's Sporting Goods Inc (NYSE:DKS) was changed from Buy to Neutral. In the second quarter, Dick's Sporting Goods showed an EPS of $2.82, compared to $3.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $152.61 and a 52-week-low of $98.07. Dick's Sporting Goods closed at $111.53 at the end of the last trading period.

For Premier Inc (NASDAQ:PINC), Piper Sandler downgraded the previous rating of Overweight to Neutral. Premier earned $0.68 in the fourth quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.52 and a 52-week-low of $23.95. Premier closed at $24.05 at the end of the last trading period.

TD Cowen downgraded the previous rating for PhenomeX Inc (NASDAQ:CELL) from Outperform to Market Perform. PhenomeX earned $0.33 in the second quarter, compared to $0.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1.28 and a 52-week-low of $0.38. PhenomeX closed at $0.94 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Pickering Energy Partners initiated coverage on California Resources Corp (NYSE:CRC) with an Outperform rating. California Resources earned $0.53 in the second quarter, compared to $1.13 in the year-ago quarter. The stock has a 52-week-high of $56.71 and a 52-week-low of $34.02. At the end of the last trading period, California Resources closed at $55.12.

BMO Capital initiated coverage on Hammerhead Energy Inc (NASDAQ:HHRS) with an Outperform rating. The price target for Hammerhead Energy is set to $22.00. The current stock performance of Hammerhead Energy shows a 52-week-high of $39.30 and a 52-week-low of $6.00. Moreover, at the end of the last trading period, the closing price was at $12.50.

Noble Capital Markets initiated coverage on The ODP Corp (NASDAQ:ODP) with an Outperform rating. The price target for ODP is set to $65.00. For the second quarter, ODP had an EPS of $0.99, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $53.59 and a 52-week-low of $34.55. ODP closed at $48.78 at the end of the last trading period.

With an Underweight rating, Barclays initiated coverage on WEC Energy Group Inc (NYSE:WEC). The price target seems to have been set at $83.00 for WEC Energy Group. For the second quarter, WEC Energy Group had an EPS of $0.92, compared to year-ago quarter EPS of $0.91. The stock has a 52-week-high of $107.94 and a 52-week-low of $80.91. At the end of the last trading period, WEC Energy Group closed at $85.06.

Barclays initiated coverage on Southern Co (NYSE:SO) with a Equal-Weight rating. The price target for Southern is set to $68.00. Southern earned $0.79 in the second quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $80.32 and a 52-week-low of $58.85. At the end of the last trading period, Southern closed at $67.73.

Barclays initiated coverage on Public Service Enterprise Group Inc (NYSE:PEG) with an Overweight rating. The price target for Public Service Enterprise is set to $64.00. Public Service Enterprise earned $0.70 in the second quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $69.27 and a 52-week-low of $52.53. At the end of the last trading period, Public Service Enterprise closed at $60.06.

Barclays initiated coverage on Portland General Electric Co (NYSE:POR) with a Equal-Weight rating. The price target for Portland Gen Electric is set to $43.00. For the second quarter, Portland Gen Electric had an EPS of $0.44, compared to year-ago quarter EPS of $0.72. The current stock performance of Portland Gen Electric shows a 52-week-high of $55.19 and a 52-week-low of $41.68. Moreover, at the end of the last trading period, the closing price was at $44.06.

With an Overweight rating, Barclays initiated coverage on Pinnacle West Capital Corp (NYSE:PNW). The price target seems to have been set at $81.00 for Pinnacle West Capital. In the second quarter, Pinnacle West Capital showed an EPS of $0.94, compared to $1.45 from the year-ago quarter. The stock has a 52-week-high of $86.03 and a 52-week-low of $59.07. At the end of the last trading period, Pinnacle West Capital closed at $78.70.

Barclays initiated coverage on PG&E Corp (NYSE:PCG) with an Overweight rating. The price target for PG&E is set to $19.00. PG&E earned $0.23 in the second quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.19 and a 52-week-low of $11.61. PG&E closed at $16.78 at the end of the last trading period.

With an Overweight rating, Barclays initiated coverage on OGE Energy Corp (NYSE:OGE). The price target seems to have been set at $36.00 for OGE Energy. For the second quarter, OGE Energy had an EPS of $0.68, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $42.66 and a 52-week-low of $33.28. At the end of the last trading period, OGE Energy closed at $34.13.

Barclays initiated coverage on NorthWestern Corp (NASDAQ:NWE) with an Underweight rating. The price target for NorthWestern is set to $48.00. In the second quarter, NorthWestern showed an EPS of $0.35, compared to $0.54 from the year-ago quarter. The current stock performance of NorthWestern shows a 52-week-high of $61.24 and a 52-week-low of $48.74. Moreover, at the end of the last trading period, the closing price was at $52.34.

With a Equal-Weight rating, Barclays initiated coverage on FirstEnergy Corp (NYSE:FE). The price target seems to have been set at $37.00 for FirstEnergy. FirstEnergy earned $0.47 in the second quarter, compared to $0.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $43.31 and a 52-week-low of $35.58. FirstEnergy closed at $36.06 at the end of the last trading period.

Barclays initiated coverage on Exelon Corp (NASDAQ:EXC) with an Overweight rating. The price target for Exelon is set to $43.00. Exelon earned $0.41 in the second quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $46.19 and a 52-week-low of $35.19. At the end of the last trading period, Exelon closed at $40.00.

With a Equal-Weight rating, Barclays initiated coverage on Eversource Energy (NYSE:ES). The price target seems to have been set at $72.00 for Eversource Energy. In the second quarter, Eversource Energy showed an EPS of $1.00, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $93.46 and a 52-week-low of $63.30. At the end of the last trading period, Eversource Energy closed at $63.87.

Barclays initiated coverage on Evergy Inc (NASDAQ:EVRG) with a Equal-Weight rating. The price target for Evergy is set to $56.00. For the second quarter, Evergy had an EPS of $0.81, compared to year-ago quarter EPS of $0.86. The current stock performance of Evergy shows a 52-week-high of $71.33 and a 52-week-low of $54.12. Moreover, at the end of the last trading period, the closing price was at $56.44.

Barclays initiated coverage on Entergy Corp (NYSE:ETR) with a Equal-Weight rating. The price target for Entergy is set to $98.00. Entergy earned $1.84 in the second quarter, compared to $1.78 in the year-ago quarter. The stock has a 52-week-high of $122.10 and a 52-week-low of $94.01. At the end of the last trading period, Entergy closed at $94.73.

Barclays initiated coverage on Edison International (NYSE:EIX) with a Equal-Weight rating. The price target for Edison Intl is set to $68.00. In the second quarter, Edison Intl showed an EPS of $1.01, compared to $0.94 from the year-ago quarter. The stock has a 52-week-high of $74.92 and a 52-week-low of $54.51. At the end of the last trading period, Edison Intl closed at $69.54.

Barclays initiated coverage on Duke Energy Corp (NYSE:DUK) with an Overweight rating. The price target for Duke Energy is set to $96.00. For the second quarter, Duke Energy had an EPS of $0.91, compared to year-ago quarter EPS of $1.14. The current stock performance of Duke Energy shows a 52-week-high of $113.28 and a 52-week-low of $83.78. Moreover, at the end of the last trading period, the closing price was at $89.59.

With an Overweight rating, Barclays initiated coverage on DTE Energy Co (NYSE:DTE). The price target seems to have been set at $117.00 for DTE Energy. For the second quarter, DTE Energy had an EPS of $0.99, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $136.55 and a 52-week-low of $100.87. At the end of the last trading period, DTE Energy closed at $104.97.

Barclays initiated coverage on Dominion Energy Inc (NYSE:D) with a Equal-Weight rating. The price target for Dominion Energy is set to $52.00. Dominion Energy earned $0.53 in the second quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $85.63 and a 52-week-low of $47.50. Dominion Energy closed at $47.80 at the end of the last trading period.

Barclays initiated coverage on Consolidated Edison Inc (NYSE:ED) with a Equal-Weight rating. The price target for Consolidated Edison is set to $88.00. For the second quarter, Consolidated Edison had an EPS of $0.61, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $102.19 and a 52-week-low of $78.21. At the end of the last trading period, Consolidated Edison closed at $89.38.

Barclays initiated coverage on CMS Energy Corp (NYSE:CMS) with a Equal-Weight rating. The price target for CMS Energy is set to $58.00. For the second quarter, CMS Energy had an EPS of $0.75, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $70.91 and a 52-week-low of $52.43. CMS Energy closed at $56.64 at the end of the last trading period.

With an Underweight rating, Barclays initiated coverage on CenterPoint Energy Inc (NYSE:CNP). The price target seems to have been set at $28.00 for CenterPoint Energy. In the second quarter, CenterPoint Energy showed an EPS of $0.28, compared to $0.31 from the year-ago quarter. The stock has a 52-week-high of $33.22 and a 52-week-low of $25.03. At the end of the last trading period, CenterPoint Energy closed at $28.26.

Barclays initiated coverage on Atmos Energy Corp (NYSE:ATO) with a Equal-Weight rating. The price target for Atmos Energy is set to $122.00. For the third quarter, Atmos Energy had an EPS of $0.94, compared to year-ago quarter EPS of $0.92. At the moment, the stock has a 52-week-high of $125.28 and a 52-week-low of $97.83. Atmos Energy closed at $117.01 at the end of the last trading period.

Barclays initiated coverage on American Electric Power Co Inc (NASDAQ:AEP) with an Overweight rating. The price target for American Electric Power is set to $88.00. American Electric Power earned $1.13 in the second quarter, compared to $1.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $105.58 and a 52-week-low of $77.80. American Electric Power closed at $78.62 at the end of the last trading period.

Barclays initiated coverage on Ameren Corp (NYSE:AEE) with a Equal-Weight rating. The price target for Ameren is set to $80.00. Ameren earned $0.90 in the second quarter, compared to $0.80 in the year-ago quarter. The stock has a 52-week-high of $97.06 and a 52-week-low of $73.41. At the end of the last trading period, Ameren closed at $80.30.

Barclays initiated coverage on The AES Corp (NYSE:AES) with an Overweight rating. The price target for AES is set to $25.00. For the second quarter, AES had an EPS of $0.21, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $29.87 and a 52-week-low of $17.75. At the end of the last trading period, AES closed at $17.96.

Goldman Sachs initiated coverage on Safehold Inc (NYSE:SAFE) with a Buy rating. The price target for Safehold is set to $25.00. For the second quarter, Safehold had an EPS of $0.35, compared to year-ago quarter EPS of $0.37. The current stock performance of Safehold shows a 52-week-high of $43.35 and a 52-week-low of $19.51. Moreover, at the end of the last trading period, the closing price was at $20.37.

With a Buy rating, DA Davidson initiated coverage on GMS Inc (NYSE:GMS). The price target seems to have been set at $82.00 for GMS. For the fourth quarter, GMS had an EPS of $2.11, compared to year-ago quarter EPS of $2.09. The current stock performance of GMS shows a 52-week-high of $76.14 and a 52-week-low of $38.36. Moreover, at the end of the last trading period, the closing price was at $68.23.

With a Neutral rating, DA Davidson initiated coverage on Marine Products Corp (NYSE:MPX). The price target seems to have been set at $16.00 for Marine Prods. In the second quarter, Marine Prods showed an EPS of $0.42, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $17.81 and a 52-week-low of $7.77. At the end of the last trading period, Marine Prods closed at $16.43.

Wedbush initiated coverage on Legacy Housing Corp (NASDAQ:LEGH) with an Outperform rating. The price target for Legacy Housing is set to $30.00. In the second quarter, Legacy Housing showed an EPS of $0.60, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $25.30 and a 52-week-low of $15.92. At the end of the last trading period, Legacy Housing closed at $20.39.

See all analyst ratings initiations.