Benzinga's Top Ratings Upgrades, Downgrades For August 7, 2023

Upgrades

Lake Street upgraded the previous rating for NN Inc (NASDAQ:NNBR) from Hold to Buy. For the second quarter, NN had an EPS of $0.08, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $3.25 and a 52-week-low of $0.97. NN closed at $2.75 at the end of the last trading period.

B of A Securities upgraded the previous rating for Sendas Distribuidora SA (NYSE:ASAI) from Neutral to Buy. For the first quarter, Sendas Distribuidora had an EPS of $0.05, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $20.98 and a 52-week-low of $10.44. At the end of the last trading period, Sendas Distribuidora closed at $14.08.

Morgan Stanley upgraded the previous rating for Curtiss-Wright Corp (NYSE:CW) from Equal-Weight to Overweight. Curtiss-Wright earned $2.15 in the second quarter, compared to $1.83 in the year-ago quarter. The stock has a 52-week-high of $203.25 and a 52-week-low of $136.41. At the end of the last trading period, Curtiss-Wright closed at $202.35.

UBS upgraded the previous rating for DaVita Inc (NYSE:DVA) from Neutral to Buy. DaVita earned $2.08 in the second quarter, compared to $2.30 in the year-ago quarter. The current stock performance of DaVita shows a 52-week-high of $109.59 and a 52-week-low of $65.28. Moreover, at the end of the last trading period, the closing price was at $108.81.

For PG&E Corp (NYSE:PCG), UBS upgraded the previous rating of Neutral to Buy. In the second quarter, PG&E showed an EPS of $0.23, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $18.19 and a 52-week-low of $10.97. At the end of the last trading period, PG&E closed at $17.08.

According to Truist Securities, the prior rating for Camping World Holdings Inc (NYSE:CWH) was changed from Hold to Buy. Camping World Holdings earned $0.73 in the second quarter, compared to $2.16 in the year-ago quarter. The current stock performance of Camping World Holdings shows a 52-week-high of $33.98 and a 52-week-low of $18.69. Moreover, at the end of the last trading period, the closing price was at $27.43.

According to TD Cowen, the prior rating for Trinet Group Inc (NYSE:TNET) was changed from Market Perform to Outperform. Trinet Group earned $1.74 in the second quarter, compared to $1.72 in the year-ago quarter. The stock has a 52-week-high of $111.85 and a 52-week-low of $60.70. At the end of the last trading period, Trinet Group closed at $104.29.

For Tri Pointe Homes Inc (NYSE:TPH), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. In the second quarter, Tri Pointe Homes showed an EPS of $0.60, compared to $1.33 from the year-ago quarter. The stock has a 52-week-high of $34.04 and a 52-week-low of $14.63. At the end of the last trading period, Tri Pointe Homes closed at $31.64.

According to Compass Point, the prior rating for MidCap Financial Investment Corp (NASDAQ:MFIC) was changed from Neutral to Buy. The stock has a 52-week-high of $13.93 and a 52-week-low of $10.06. At the end of the last trading period, MidCap Financial closed at $13.73.

According to Compass Point, the prior rating for Tanger Factory Outlet Centers Inc (NYSE:SKT) was changed from Neutral to Buy. Tanger Factory Outlet earned $0.47 in the second quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.73 and a 52-week-low of $13.26. Tanger Factory Outlet closed at $24.25 at the end of the last trading period.

According to Wells Fargo, the prior rating for DraftKings Inc (NASDAQ:DKNG) was changed from Equal-Weight to Overweight. DraftKings earned $0.14 in the second quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $34.49 and a 52-week-low of $10.70. At the end of the last trading period, DraftKings closed at $31.74.

Guggenheim upgraded the previous rating for Fortinet Inc (NASDAQ:FTNT) from Neutral to Buy. For the second quarter, Fortinet had an EPS of $0.38, compared to year-ago quarter EPS of $0.24. The current stock performance of Fortinet shows a 52-week-high of $81.24 and a 52-week-low of $42.69. Moreover, at the end of the last trading period, the closing price was at $56.77.

Morgan Stanley upgraded the previous rating for Laureate Education Inc (NASDAQ:LAUR) from Equal-Weight to Overweight. In the second quarter, Laureate Education showed an EPS of $0.35, compared to $0.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $13.56 and a 52-week-low of $9.24. Laureate Education closed at $13.39 at the end of the last trading period.

For Ormat Technologies Inc (NYSE:ORA), Roth MKM upgraded the previous rating of Neutral to Buy. In the second quarter, Ormat Technologies showed an EPS of $0.40, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $101.71 and a 52-week-low of $75.56. Ormat Technologies closed at $76.98 at the end of the last trading period.

According to Stifel, the prior rating for SiteOne Landscape Supply Inc (NYSE:SITE) was changed from Hold to Buy. SiteOne Landscape Supply earned $2.71 in the second quarter, compared to $3.07 in the year-ago quarter. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $176.16 and a 52-week-low of $97.51. Moreover, at the end of the last trading period, the closing price was at $162.90.

For EchoStar Corp (NASDAQ:SATS), Raymond James upgraded the previous rating of Outperform to Strong Buy. The current stock performance of EchoStar shows a 52-week-high of $21.06 and a 52-week-low of $14.66. Moreover, at the end of the last trading period, the closing price was at $19.38.

According to Piper Sandler, the prior rating for Monster Beverage Corp (NASDAQ:MNST) was changed from Neutral to Overweight. Monster Beverage earned $0.39 in the second quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Monster Beverage shows a 52-week-high of $60.47 and a 52-week-low of $42.80. Moreover, at the end of the last trading period, the closing price was at $55.11.

According to Redburn Partners, the prior rating for United Airlines Holdings Inc (NASDAQ:UAL) was changed from Neutral to Buy. For the second quarter, United Airlines Holdings had an EPS of $5.03, compared to year-ago quarter EPS of $1.43. At the moment, the stock has a 52-week-high of $58.23 and a 52-week-low of $31.58. United Airlines Holdings closed at $52.37 at the end of the last trading period.

For Wayfair Inc (NYSE:W), UBS upgraded the previous rating of Neutral to Buy. In the second quarter, Wayfair showed an EPS of $0.21, compared to $1.94 from the year-ago quarter. The stock has a 52-week-high of $90.71 and a 52-week-low of $28.13. At the end of the last trading period, Wayfair closed at $83.09.

For Holley Inc (NYSE:HLLY), Telsey Advisory Group upgraded the previous rating of Market Perform to Outperform. Holley earned $0.05 in the first quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $6.65 and a 52-week-low of $1.89. At the end of the last trading period, Holley closed at $6.12.

For Q2 Holdings Inc (NYSE:QTWO), Canaccord Genuity upgraded the previous rating of Hold to Buy. Q2 Holdings earned $0.19 in the second quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.67 and a 52-week-low of $18.91. Q2 Holdings closed at $32.81 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Marathon Digital Holdings Inc (NASDAQ:MARA), Chardan Capital downgraded the previous rating of Buy to Neutral. In the first quarter, Marathon Digital Holdings showed an EPS of $0.05, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $19.88 and a 52-week-low of $3.12. At the end of the last trading period, Marathon Digital Holdings closed at $15.83.

For Mesoblast Ltd (NASDAQ:MESO), Maxim Group downgraded the previous rating of Buy to Hold. For the third quarter, Mesoblast had an EPS of $0.13, compared to year-ago quarter EPS of $0.16. The current stock performance of Mesoblast shows a 52-week-high of $5.12 and a 52-week-low of $1.30. Moreover, at the end of the last trading period, the closing price was at $1.64.

Craig-Hallum downgraded the previous rating for MasTec Inc (NYSE:MTZ) from Buy to Hold. MasTec earned $0.89 in the second quarter, compared to $0.73 in the year-ago quarter. The current stock performance of MasTec shows a 52-week-high of $123.33 and a 52-week-low of $62.44. Moreover, at the end of the last trading period, the closing price was at $99.56.

For Sage Therapeutics Inc (NASDAQ:SAGE), Wedbush downgraded the previous rating of Outperform to Neutral. In the second quarter, Sage Therapeutics showed an EPS of $2.68, compared to $2.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.99 and a 52-week-low of $32.15. Sage Therapeutics closed at $36.10 at the end of the last trading period.

UBS downgraded the previous rating for FirstEnergy Corp (NYSE:FE) from Buy to Neutral. FirstEnergy earned $0.47 in the second quarter, compared to $0.53 in the year-ago quarter. The stock has a 52-week-high of $43.31 and a 52-week-low of $35.61. At the end of the last trading period, FirstEnergy closed at $36.30.

For Nicolet Bankshares Inc (NYSE:NIC), Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. For the second quarter, Nicolet Bankshares had an EPS of $1.53, compared to year-ago quarter EPS of $1.73. The stock has a 52-week-high of $86.00 and a 52-week-low of $51.76. At the end of the last trading period, Nicolet Bankshares closed at $83.78.

Stephens & Co. downgraded the previous rating for Equity Bancshares Inc (NYSE:EQBK) from Overweight to Equal-Weight. For the second quarter, Equity Bancshares had an EPS of $0.74, compared to year-ago quarter EPS of $0.94. At the moment, the stock has a 52-week-high of $38.01 and a 52-week-low of $20.50. Equity Bancshares closed at $27.68 at the end of the last trading period.

For Clarivate PLC (NYSE:CLVT), B of A Securities downgraded the previous rating of Neutral to Underperform. Clarivate earned $0.21 in the second quarter, compared to $0.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.99 and a 52-week-low of $6.60. Clarivate closed at $6.84 at the end of the last trading period.

According to BMO Capital, the prior rating for TELUS International (Cda) Inc (NYSE:TIXT) was changed from Outperform to Market Perform. In the second quarter, TELUS Intl showed an EPS of $0.17, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $31.50 and a 52-week-low of $8.74. At the end of the last trading period, TELUS Intl closed at $9.38.

Guggenheim downgraded the previous rating for Cloudflare Inc (NYSE:NET) from Neutral to Sell. In the second quarter, Cloudflare showed an EPS of $0.10, compared to $0.00 from the year-ago quarter. The stock has a 52-week-high of $80.84 and a 52-week-low of $37.38. At the end of the last trading period, Cloudflare closed at $69.52.

For Sage Therapeutics Inc (NASDAQ:SAGE), RBC Capital downgraded the previous rating of Outperform to Sector Perform. Sage Therapeutics earned $2.68 in the second quarter, compared to $2.13 in the year-ago quarter. The current stock performance of Sage Therapeutics shows a 52-week-high of $59.99 and a 52-week-low of $32.15. Moreover, at the end of the last trading period, the closing price was at $36.10.

For American Airlines Group Inc (NASDAQ:AAL), Redburn Partners downgraded the previous rating of Buy to Neutral. For the second quarter, American Airlines Group had an EPS of $1.92, compared to year-ago quarter EPS of $0.76. The current stock performance of American Airlines Group shows a 52-week-high of $19.08 and a 52-week-low of $11.65. Moreover, at the end of the last trading period, the closing price was at $15.84.

For Southwest Airlines Co (NYSE:LUV), Redburn Partners downgraded the previous rating of Neutral to Sell. For the second quarter, Southwest Airlines had an EPS of $1.09, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $40.38 and a 52-week-low of $28.40. At the end of the last trading period, Southwest Airlines closed at $32.73.

According to BMO Capital, the prior rating for Ingevity Corp (NYSE:NGVT) was changed from Outperform to Market Perform. For the second quarter, Ingevity had an EPS of $1.41, compared to year-ago quarter EPS of $1.73. At the moment, the stock has a 52-week-high of $90.81 and a 52-week-low of $46.52. Ingevity closed at $58.16 at the end of the last trading period.

For Sage Therapeutics Inc (NASDAQ:SAGE), Oppenheimer downgraded the previous rating of Outperform to Perform. In the second quarter, Sage Therapeutics showed an EPS of $2.68, compared to $2.13 from the year-ago quarter. The current stock performance of Sage Therapeutics shows a 52-week-high of $59.99 and a 52-week-low of $32.15. Moreover, at the end of the last trading period, the closing price was at $36.10.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on NAPCO Security Technologies Inc (NASDAQ:NSSC). The price target seems to have been set at $50.00 for NAPCO Security Techs. NAPCO Security Techs earned $0.29 in the third quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $41.25 and a 52-week-low of $24.26. At the end of the last trading period, NAPCO Security Techs closed at $35.48.

B of A Securities initiated coverage on Fortrea Holdings Inc (NASDAQ:FTRE) with an Underperform rating. The price target for Fortrea Holdings is set to $27.00. At the moment, the stock has a 52-week-high of $37.30 and a 52-week-low of $29.09. Fortrea Holdings closed at $29.77 at the end of the last trading period.

With a Buy rating, EF Hutton initiated coverage on MISTRAS Group Inc (NYSE:MG). The price target seems to have been set at $11.00 for MISTRAS Group. For the second quarter, MISTRAS Group had an EPS of $0.05, compared to year-ago quarter EPS of $0.15. The current stock performance of MISTRAS Group shows a 52-week-high of $8.31 and a 52-week-low of $3.40. Moreover, at the end of the last trading period, the closing price was at $5.59.

With a Buy rating, Benchmark initiated coverage on Global E Online Ltd (NASDAQ:GLBE). The price target seems to have been set at $50.00 for Global E Online. In the first quarter, Global E Online showed an EPS of $0.26, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.72 and a 52-week-low of $18.15. Global E Online closed at $41.13 at the end of the last trading period.

With a Buy rating, Seaport Global initiated coverage on Pentair PLC (NYSE:PNR). The price target seems to have been set at $88.00 for Pentair. Pentair earned $1.03 in the second quarter, compared to $1.02 in the year-ago quarter. The current stock performance of Pentair shows a 52-week-high of $70.48 and a 52-week-low of $38.60. Moreover, at the end of the last trading period, the closing price was at $69.85.

Seaport Global initiated coverage on A.O. Smith Corp (NYSE:AOS) with a Neutral rating. For the second quarter, A.O. Smith had an EPS of $1.01, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of $76.94 and a 52-week-low of $46.59. A.O. Smith closed at $72.64 at the end of the last trading period.

Seaport Global initiated coverage on nVent Electric PLC (NYSE:NVT) with a Neutral rating. nVent Electric earned $0.77 in the second quarter, compared to $0.57 in the year-ago quarter. The current stock performance of nVent Electric shows a 52-week-high of $56.34 and a 52-week-low of $30.50. Moreover, at the end of the last trading period, the closing price was at $54.36.

With a Buy rating, Seaport Global initiated coverage on Fortive Corp (NYSE:FTV). The price target seems to have been set at $92.00 for Fortive. For the second quarter, Fortive had an EPS of $0.85, compared to year-ago quarter EPS of $0.78. The current stock performance of Fortive shows a 52-week-high of $78.71 and a 52-week-low of $57.48. Moreover, at the end of the last trading period, the closing price was at $77.38.

With a Buy rating, Seaport Global initiated coverage on AMETEK Inc (NYSE:AME). The price target seems to have been set at $195.00 for AMETEK. In the second quarter, AMETEK showed an EPS of $1.57, compared to $1.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $164.75 and a 52-week-low of $110.90. AMETEK closed at $156.57 at the end of the last trading period.

See all analyst ratings initiations.