Benzinga's Top Ratings Upgrades, Downgrades For August 29, 2023
Upgrades
JP Morgan upgraded the previous rating for Noah Holdings Ltd (NYSE:NOAH) from Neutral to Overweight. Noah Holdings earned $0.62 in the second quarter, compared to $0.79 in the year-ago quarter. The stock has a 52-week-high of $21.53 and a 52-week-low of $11.65. At the end of the last trading period, Noah Holdings closed at $12.13.
According to Compass Point, the prior rating for Kimco Realty Corp (NYSE:KIM) was changed from Neutral to Buy. Kimco Realty earned $0.39 in the second quarter, compared to $0.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.27 and a 52-week-low of $17.34. Kimco Realty closed at $18.77 at the end of the last trading period.
For First Bancshares Inc (NASDAQ:FBMS), DA Davidson upgraded the previous rating of Neutral to Buy. In the second quarter, First Bancshares showed an EPS of $0.85, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $34.77 and a 52-week-low of $22.82. At the end of the last trading period, First Bancshares closed at $28.59.
For Rockwell Automation Inc (NYSE:ROK), Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. Rockwell Automation earned $3.01 in the third quarter, compared to $2.66 in the year-ago quarter. The stock has a 52-week-high of $348.52 and a 52-week-low of $209.46. At the end of the last trading period, Rockwell Automation closed at $309.05.
Jefferies upgraded the previous rating for Forward Air Corp (NASDAQ:FWRD) from Hold to Buy. Forward Air earned $0.91 in the second quarter, compared to $2.04 in the year-ago quarter. The stock has a 52-week-high of $121.38 and a 52-week-low of $60.09. At the end of the last trading period, Forward Air closed at $70.89.
According to UBS, the prior rating for Oracle Corp (NYSE:ORCL) was changed from Neutral to Buy. For the fourth quarter, Oracle had an EPS of $1.67, compared to year-ago quarter EPS of $1.54. At the moment, the stock has a 52-week-high of $127.54 and a 52-week-low of $60.78. Oracle closed at $116.84 at the end of the last trading period.
According to Wolfe Research, the prior rating for 3M Co (NYSE:MMM) was changed from Underperform to Peer Perform. 3M earned $2.17 in the second quarter, compared to $2.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $144.00 and a 52-week-low of $92.38. 3M closed at $104.12 at the end of the last trading period.
According to Citigroup, the prior rating for Verizon Communications Inc (NYSE:VZ) was changed from Neutral to Buy. In the second quarter, Verizon Communications showed an EPS of $1.21, compared to $1.31 from the year-ago quarter. The current stock performance of Verizon Communications shows a 52-week-high of $44.73 and a 52-week-low of $31.25. Moreover, at the end of the last trading period, the closing price was at $33.55.
According to Citigroup, the prior rating for AT&T Inc (NYSE:T) was changed from Neutral to Buy. In the second quarter, AT&T showed an EPS of $0.63, compared to $0.65 from the year-ago quarter. The stock has a 52-week-high of $22.84 and a 52-week-low of $13.43. At the end of the last trading period, AT&T closed at $14.21.
Raymond James upgraded the previous rating for NextEra Energy Partners LP (NYSE:NEP) from Market Perform to Outperform. For the second quarter, NextEra Energy Partners had an EPS of $0.53, compared to year-ago quarter EPS of $2.61. The stock has a 52-week-high of $85.98 and a 52-week-low of $44.24. At the end of the last trading period, NextEra Energy Partners closed at $48.62.
For Hersha Hospitality Trust (NYSE:HT), Barclays upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Hersha Hospitality showed an EPS of $0.38, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.21 and a 52-week-low of $5.64. Hersha Hospitality closed at $9.79 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
Jefferies downgraded the previous rating for Hersha Hospitality Trust (NYSE:HT) from Buy to Hold. For the second quarter, Hersha Hospitality had an EPS of $0.38, compared to year-ago quarter EPS of $0.56. At the moment, the stock has a 52-week-high of $11.21 and a 52-week-low of $5.64. Hersha Hospitality closed at $9.79 at the end of the last trading period.
For Emergent BioSolutions Inc (NYSE:EBS), Benchmark downgraded the previous rating of Buy to Hold. In the second quarter, Emergent BioSolutions showed an EPS of $1.06, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $27.22 and a 52-week-low of $4.19. At the end of the last trading period, Emergent BioSolutions closed at $4.42.
For Farfetch Ltd (NYSE:FTCH), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Farfetch showed an EPS of $0.21, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.88 and a 52-week-low of $2.50. Farfetch closed at $2.82 at the end of the last trading period.
According to Piper Sandler, the prior rating for Celanese Corp (NYSE:CE) was changed from Neutral to Underweight. Celanese earned $2.17 in the second quarter, compared to $4.99 in the year-ago quarter. The current stock performance of Celanese shows a 52-week-high of $128.50 and a 52-week-low of $86.73. Moreover, at the end of the last trading period, the closing price was at $121.54.
For Hersha Hospitality Trust (NYSE:HT), Stifel downgraded the previous rating of Buy to Hold. In the second quarter, Hersha Hospitality showed an EPS of $0.38, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $11.21 and a 52-week-low of $5.64. At the end of the last trading period, Hersha Hospitality closed at $9.79.
For RPT Realty (NYSE:RPT), Keybanc downgraded the previous rating of Overweight to Sector Weight. RPT Realty earned $0.25 in the second quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.54 and a 52-week-low of $7.29. RPT Realty closed at $11.23 at the end of the last trading period.
Raymond James downgraded the previous rating for RPT Realty (NYSE:RPT) from Outperform to Market Perform. For the second quarter, RPT Realty had an EPS of $0.25, compared to year-ago quarter EPS of $0.27. At the moment, the stock has a 52-week-high of $11.54 and a 52-week-low of $7.29. RPT Realty closed at $11.23 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
B. Riley Securities initiated coverage on QuinStreet Inc (NASDAQ:QNST) with a Neutral rating. The price target for QuinStreet is set to $10.00. QuinStreet earned $0.01 in the fourth quarter, compared to $0.04 in the year-ago quarter. The current stock performance of QuinStreet shows a 52-week-high of $18.18 and a 52-week-low of $6.79. Moreover, at the end of the last trading period, the closing price was at $9.60.
For Xylem Inc (NYSE:XYL), Seaport Global initiated coverage, by setting the current rating at Neutral. In the second quarter, Xylem showed an EPS of $0.98, compared to $0.66 from the year-ago quarter. The current stock performance of Xylem shows a 52-week-high of $118.58 and a 52-week-low of $84.16. Moreover, at the end of the last trading period, the closing price was at $101.82.
HC Wainwright & Co. initiated coverage on BigBear.ai Holdings Inc (NYSE:BBAI) with a Buy rating. The price target for BigBear.ai Hldgs is set to $4.00. For the second quarter, BigBear.ai Hldgs had an EPS of $0.12, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $6.77 and a 52-week-low of $0.58. BigBear.ai Hldgs closed at $1.37 at the end of the last trading period.
With a Neutral rating, UBS initiated coverage on Crane NXT Co (NYSE:CXT). The price target seems to have been set at $65.00 for Crane NXT. At the moment, the stock has a 52-week-high of $63.36 and a 52-week-low of $39.00. Crane NXT closed at $59.85 at the end of the last trading period.
With a Equal-Weight rating, Morgan Stanley initiated coverage on Navitas Semiconductor Corp (NASDAQ:NVTS). The price target seems to have been set at $9.20 for Navitas Semiconductor. Navitas Semiconductor earned $0.05 in the second quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Navitas Semiconductor shows a 52-week-high of $11.16 and a 52-week-low of $3.12. Moreover, at the end of the last trading period, the closing price was at $8.42.