Benzinga's Top Ratings Upgrades, Downgrades For August 25, 2023
Upgrades
For Hibbett Inc (NASDAQ:HIBB), Williams Trading upgraded the previous rating of Hold to Buy. Hibbett earned $0.85 in the second quarter, compared to $1.86 in the year-ago quarter. The current stock performance of Hibbett shows a 52-week-high of $75.38 and a 52-week-low of $34.86. Moreover, at the end of the last trading period, the closing price was at $36.86.
According to Loop Capital, the prior rating for Netflix Inc (NASDAQ:NFLX) was changed from Hold to Buy. For the second quarter, Netflix had an EPS of $3.29, compared to year-ago quarter EPS of $3.20. The current stock performance of Netflix shows a 52-week-high of $485.00 and a 52-week-low of $211.81. Moreover, at the end of the last trading period, the closing price was at $406.93.
For Cullen/Frost Bankers Inc (NYSE:CFR), UBS upgraded the previous rating of Sell to Neutral. In the second quarter, Cullen/Frost Bankers showed an EPS of $2.47, compared to $1.81 from the year-ago quarter. The stock has a 52-week-high of $160.31 and a 52-week-low of $92.55. At the end of the last trading period, Cullen/Frost Bankers closed at $95.16.
For Abercrombie & Fitch Co (NYSE:ANF), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Abercrombie & Fitch showed an EPS of $1.10, compared to $0.30 from the year-ago quarter. The current stock performance of Abercrombie & Fitch shows a 52-week-high of $53.02 and a 52-week-low of $14.06. Moreover, at the end of the last trading period, the closing price was at $50.46.
Cantor Fitzgerald upgraded the previous rating for Ardelyx Inc (NASDAQ:ARDX) from Neutral to Overweight. Ardelyx earned $0.08 in the second quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.12 and a 52-week-low of $0.82. Ardelyx closed at $3.51 at the end of the last trading period.
For Shift4 Payments Inc (NYSE:FOUR), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Shift4 Payments showed an EPS of $0.74, compared to $0.33 from the year-ago quarter. The current stock performance of Shift4 Payments shows a 52-week-high of $76.40 and a 52-week-low of $36.37. Moreover, at the end of the last trading period, the closing price was at $54.72.
For Avista Corp (NYSE:AVA), Keybanc upgraded the previous rating of Underweight to Sector Weight. In the second quarter, Avista showed an EPS of $0.23, compared to $0.16 from the year-ago quarter. The current stock performance of Avista shows a 52-week-high of $45.28 and a 52-week-low of $32.27. Moreover, at the end of the last trading period, the closing price was at $32.42.
See all analyst ratings upgrades.
Downgrades
Evercore ISI Group downgraded the previous rating for Fidelity National Information Services Inc (NYSE:FIS) from Outperform to Neutral. In the second quarter, Fidelity National Info showed an EPS of $1.55, compared to $1.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $96.65 and a 52-week-low of $48.57. Fidelity National Info closed at $55.26 at the end of the last trading period.
According to Benchmark, the prior rating for Weibo Corp (NASDAQ:WB) was changed from Buy to Hold. In the second quarter, Weibo showed an EPS of $0.53, compared to $0.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.57 and a 52-week-low of $10.02. Weibo closed at $13.70 at the end of the last trading period.
TD Cowen downgraded the previous rating for Domo Inc (NASDAQ:DOMO) from Outperform to Market Perform. For the second quarter, Domo had an EPS of $0.02, compared to year-ago quarter EPS of $0.26. The current stock performance of Domo shows a 52-week-high of $28.94 and a 52-week-low of $11.35. Moreover, at the end of the last trading period, the closing price was at $17.04.
For Clarivate PLC (NYSE:CLVT), RBC Capital downgraded the previous rating of Outperform to Sector Perform. Clarivate earned $0.21 in the second quarter, compared to $0.22 in the year-ago quarter. The current stock performance of Clarivate shows a 52-week-high of $12.55 and a 52-week-low of $6.41. Moreover, at the end of the last trading period, the closing price was at $7.10.
RBC Capital downgraded the previous rating for FactSet Research Systems Inc (NYSE:FDS) from Outperform to Sector Perform. FactSet Research Systems earned $3.79 in the third quarter, compared to $3.76 in the year-ago quarter. The current stock performance of FactSet Research Systems shows a 52-week-high of $473.90 and a 52-week-low of $377.89. Moreover, at the end of the last trading period, the closing price was at $440.47.
Piper Sandler downgraded the previous rating for Olaplex Holdings Inc (NASDAQ:OLPX) from Neutral to Underweight. For the second quarter, Olaplex Hldgs had an EPS of $0.03, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $15.31 and a 52-week-low of $2.49. Olaplex Hldgs closed at $2.61 at the end of the last trading period.
Raymond James downgraded the previous rating for Holly Energy Partners LP (NYSE:HEP) from Outperform to Market Perform. Holly Energy Partners earned $0.40 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $22.29 and a 52-week-low of $15.51. At the end of the last trading period, Holly Energy Partners closed at $21.53.
According to Raymond James, the prior rating for Crestwood Equity Partners LP (NYSE:CEQP) was changed from Outperform to Market Perform. In the second quarter, Crestwood Equity Partners showed an EPS of $1.16, compared to $0.14 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.43 and a 52-week-low of $22.11. Crestwood Equity Partners closed at $27.87 at the end of the last trading period.
For Digital Realty Trust Inc (NYSE:DLR), Deutsche Bank downgraded the previous rating of Buy to Hold. Digital Realty Trust earned $1.68 in the second quarter, compared to $1.72 in the year-ago quarter. The stock has a 52-week-high of $130.95 and a 52-week-low of $85.76. At the end of the last trading period, Digital Realty Trust closed at $127.46.
Deutsche Bank downgraded the previous rating for Frontline Plc (NYSE:FRO) from Buy to Hold. For the second quarter, Frontline had an EPS of $0.94, compared to year-ago quarter EPS of $0.21. The current stock performance of Frontline shows a 52-week-high of $19.29 and a 52-week-low of $10.11. Moreover, at the end of the last trading period, the closing price was at $17.99.
See all analyst ratings downgrades.
Initiations
With a Neutral rating, Citigroup initiated coverage on Trex Co Inc (NYSE:TREX). The price target seems to have been set at $72.00 for Trex Co. In the second quarter, Trex Co showed an EPS of $0.71, compared to $0.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $76.05 and a 52-week-low of $38.73. Trex Co closed at $69.46 at the end of the last trading period.
Northcoast Research initiated coverage on Carpenter Technology Corp (NYSE:CRS) with a Buy rating. The price target for Carpenter Tech is set to $73.00. For the fourth quarter, Carpenter Tech had an EPS of $0.78, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $61.02 and a 52-week-low of $31.05. At the end of the last trading period, Carpenter Tech closed at $57.79.
Stephens & Co. initiated coverage on Advanced Drainage Systems Inc (NYSE:WMS) with an Overweight rating. The price target for Advanced Drainage Systems is set to $148.00. In the first quarter, Advanced Drainage Systems showed an EPS of $2.04, compared to $2.22 from the year-ago quarter. The stock has a 52-week-high of $145.00 and a 52-week-low of $75.02. At the end of the last trading period, Advanced Drainage Systems closed at $122.18.
With an Outperform rating, Oppenheimer initiated coverage on Zura Bio Ltd (NASDAQ:ZURA). The price target seems to have been set at $17.00 for Zura Bio. Zura Bio earned $1.31 in the second quarter, compared to $9.54 in the year-ago quarter. The stock has a 52-week-high of $37.55 and a 52-week-low of $4.87. At the end of the last trading period, Zura Bio closed at $6.75.
