Benzinga's Top Ratings Upgrades, Downgrades For July 17, 2023
Upgrades
Canaccord Genuity upgraded the previous rating for Lilium NV (NASDAQ:LILM) from Hold to Buy. NoneThe current stock performance of Lilium shows a 52-week-high of $3.25 and a 52-week-low of $0.37. Moreover, at the end of the last trading period, the closing price was at $1.32.
Alliance Global Partners upgraded the previous rating for Grindrod Shipping Holdings Ltd (NASDAQ:GRIN) from Neutral to Buy. For the first quarter, Grindrod Shipping Hldgs had an EPS of $0.22, compared to year-ago quarter EPS of $1.56. At the moment, the stock has a 52-week-high of $26.29 and a 52-week-low of $6.80. Grindrod Shipping Hldgs closed at $8.57 at the end of the last trading period.
JP Morgan upgraded the previous rating for Progressive Corp (NYSE:PGR) from Neutral to Overweight. For the second quarter, Progressive had an EPS of $0.40, compared to year-ago quarter EPS of $1.10. At the moment, the stock has a 52-week-high of $149.87 and a 52-week-low of $109.42. Progressive closed at $116.79 at the end of the last trading period.
Stephens & Co. upgraded the previous rating for America's Car-Mart Inc (NASDAQ:CRMT) from Equal-Weight to Overweight. For the fourth quarter, America's Car-Mart had an EPS of $0.32, compared to year-ago quarter EPS of $3.97. The stock has a 52-week-high of $126.68 and a 52-week-low of $52.24. At the end of the last trading period, America's Car-Mart closed at $103.70.
For PACCAR Inc (NASDAQ:PCAR), Jefferies upgraded the previous rating of Hold to Buy. For the first quarter, PACCAR had an EPS of $2.25, compared to year-ago quarter EPS of $1.15. At the moment, the stock has a 52-week-high of $87.83 and a 52-week-low of $51.33. PACCAR closed at $85.66 at the end of the last trading period.
For Adecoagro SA (NYSE:AGRO), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. Adecoagro earned $0.36 in the first quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $10.08 and a 52-week-low of $6.96. At the end of the last trading period, Adecoagro closed at $9.54.
B. Riley Securities upgraded the previous rating for Cohu Inc (NASDAQ:COHU) from Neutral to Buy. Cohu earned $0.56 in the first quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.09 and a 52-week-low of $25.20. Cohu closed at $39.63 at the end of the last trading period.
Goldman Sachs upgraded the previous rating for Yelp Inc (NYSE:YELP) from Neutral to Buy. For the first quarter, Yelp had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. The current stock performance of Yelp shows a 52-week-high of $39.25 and a 52-week-low of $25.48. Moreover, at the end of the last trading period, the closing price was at $38.13.
Goldman Sachs upgraded the previous rating for Chewy Inc (NYSE:CHWY) from Neutral to Buy. In the first quarter, Chewy showed an EPS of $0.20, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $52.88 and a 52-week-low of $29.10. At the end of the last trading period, Chewy closed at $37.99.
See all analyst ratings upgrades.
Downgrades
According to Dawson James, the prior rating for Hillstream BioPharma Inc (NASDAQ:HILS) was changed from Buy to Neutral. In the first quarter, Hillstream BioPharma showed an EPS of $0.23, compared to $0.28 from the year-ago quarter. The current stock performance of Hillstream BioPharma shows a 52-week-high of $2.65 and a 52-week-low of $0.30. Moreover, at the end of the last trading period, the closing price was at $0.38.
Citigroup downgraded the previous rating for The Timken Co (NYSE:TKR) from Buy to Neutral. In the first quarter, Timken showed an EPS of $2.09, compared to $1.61 from the year-ago quarter. The current stock performance of Timken shows a 52-week-high of $95.08 and a 52-week-low of $52.26. Moreover, at the end of the last trading period, the closing price was at $91.76.
Odeon Capital downgraded the previous rating for Wells Fargo & Co (NYSE:WFC) from Buy to Hold. Wells Fargo earned $1.25 in the second quarter, compared to $0.74 in the year-ago quarter. The current stock performance of Wells Fargo shows a 52-week-high of $48.84 and a 52-week-low of $35.25. Moreover, at the end of the last trading period, the closing price was at $43.56.
According to Stephens & Co., the prior rating for CryoPort Inc (NASDAQ:CYRX) was changed from Overweight to Equal-Weight. CryoPort earned $0.16 in the first quarter, compared to $0.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.34 and a 52-week-low of $13.83. CryoPort closed at $15.04 at the end of the last trading period.
For FormFactor Inc (NASDAQ:FORM), Northland Capital Markets downgraded the previous rating of Outperform to Market Perform. FormFactor earned $0.16 in the first quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $40.89 and a 52-week-low of $18.15. At the end of the last trading period, FormFactor closed at $35.67.
Northland Capital Markets downgraded the previous rating for Power Integrations Inc (NASDAQ:POWI) from Outperform to Market Perform. Power Integrations earned $0.25 in the first quarter, compared to $0.93 in the year-ago quarter. The stock has a 52-week-high of $99.60 and a 52-week-low of $59.30. At the end of the last trading period, Power Integrations closed at $97.19.
Guggenheim downgraded the previous rating for BioXcel Therapeutics Inc (NASDAQ:BTAI) from Buy to Neutral. For the first quarter, BioXcel Therapeutics had an EPS of $1.84, compared to year-ago quarter EPS of $1.12. At the moment, the stock has a 52-week-high of $34.12 and a 52-week-low of $5.88. BioXcel Therapeutics closed at $10.30 at the end of the last trading period.
Barclays downgraded the previous rating for TELUS International (Cda) Inc (NYSE:TIXT) from Overweight to Equal-Weight. TELUS Intl earned $0.28 in the first quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $31.50 and a 52-week-low of $10.04. TELUS Intl closed at $10.10 at the end of the last trading period.
For FIGS Inc (NYSE:FIGS), Raymond James downgraded the previous rating of Outperform to Market Perform. FIGS earned $0.01 in the first quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.74 and a 52-week-low of $5.55. FIGS closed at $7.78 at the end of the last trading period.
For State Street Corporation (NYSE:STT), UBS downgraded the previous rating of Buy to Neutral. In the second quarter, State Street showed an EPS of $2.17, compared to $1.94 from the year-ago quarter. The stock has a 52-week-high of $94.73 and a 52-week-low of $58.64. At the end of the last trading period, State Street closed at $68.10.
For Telephone and Data Systems Inc (NYSE:TDS), Citigroup downgraded the previous rating of Buy to Neutral. In the first quarter, Telephone and Data showed an EPS of $0.08, compared to $0.37 from the year-ago quarter. The current stock performance of Telephone and Data shows a 52-week-high of $17.41 and a 52-week-low of $6.43. Moreover, at the end of the last trading period, the closing price was at $7.64.
According to Citigroup, the prior rating for Frontier Communications Parent Inc (NASDAQ:FYBR) was changed from Buy to Neutral. In the first quarter, Frontier Communications showed an EPS of $0.01, compared to $0.26 from the year-ago quarter. The current stock performance of Frontier Communications shows a 52-week-high of $30.83 and a 52-week-low of $13.24. Moreover, at the end of the last trading period, the closing price was at $14.31.
Citigroup downgraded the previous rating for AT&T Inc (NYSE:T) from Buy to Neutral. In the first quarter, AT&T showed an EPS of $0.60, compared to $0.63 from the year-ago quarter. The stock has a 52-week-high of $22.84 and a 52-week-low of $14.29. At the end of the last trading period, AT&T closed at $14.50.
For State Street Corporation (NYSE:STT), JP Morgan downgraded the previous rating of Neutral to Underweight. In the second quarter, State Street showed an EPS of $2.17, compared to $1.94 from the year-ago quarter. The current stock performance of State Street shows a 52-week-high of $94.73 and a 52-week-low of $58.64. Moreover, at the end of the last trading period, the closing price was at $68.10.
According to BMO Capital, the prior rating for Bright Horizons Family Solutions Inc (NYSE:BFAM) was changed from Outperform to Market Perform. Bright Horizons Family earned $0.49 in the first quarter, compared to $0.47 in the year-ago quarter. At the moment, the stock has a 52-week-high of $98.87 and a 52-week-low of $54.29. Bright Horizons Family closed at $95.75 at the end of the last trading period.
According to Morgan Stanley, the prior rating for PepsiCo Inc (NASDAQ:PEP) was changed from Overweight to Equal-Weight. For the second quarter, PepsiCo had an EPS of $2.09, compared to year-ago quarter EPS of $1.86. The stock has a 52-week-high of $196.88 and a 52-week-low of $161.00. At the end of the last trading period, PepsiCo closed at $188.21.
Morgan Stanley downgraded the previous rating for Conagra Brands Inc (NYSE:CAG) from Overweight to Equal-Weight. Conagra Brands earned $0.62 in the fourth quarter, compared to $0.65 in the year-ago quarter. The current stock performance of Conagra Brands shows a 52-week-high of $41.30 and a 52-week-low of $32.18. Moreover, at the end of the last trading period, the closing price was at $32.90.
Jefferies downgraded the previous rating for Berry Corp (bry) (NASDAQ:BRY) from Buy to Hold. For the first quarter, Berry Corp had an EPS of $0.07, compared to year-ago quarter EPS of $0.51. The current stock performance of Berry Corp shows a 52-week-high of $10.74 and a 52-week-low of $6.23. Moreover, at the end of the last trading period, the closing price was at $7.23.
According to Jefferies, the prior rating for Leslies Inc (NASDAQ:LESL) was changed from Buy to Hold. Leslies earned $0.14 in the second quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.12 and a 52-week-low of $5.71. Leslies closed at $6.70 at the end of the last trading period.
Keefe, Bruyette & Woods downgraded the previous rating for State Street Corporation (NYSE:STT) from Outperform to Market Perform. State Street earned $2.17 in the second quarter, compared to $1.94 in the year-ago quarter. The current stock performance of State Street shows a 52-week-high of $94.73 and a 52-week-low of $58.64. Moreover, at the end of the last trading period, the closing price was at $68.10.
According to Piper Sandler, the prior rating for Twilio Inc (NYSE:TWLO) was changed from Overweight to Neutral. Twilio earned $0.47 in the first quarter, compared to $0.00 in the year-ago quarter. The current stock performance of Twilio shows a 52-week-high of $98.59 and a 52-week-low of $41.00. Moreover, at the end of the last trading period, the closing price was at $66.89.
According to Exane BNP Paribas, the prior rating for MSCI Inc (NYSE:MSCI) was changed from Neutral to Underperform. MSCI earned $3.14 in the first quarter, compared to $2.98 in the year-ago quarter. The current stock performance of MSCI shows a 52-week-high of $572.50 and a 52-week-low of $385.00. Moreover, at the end of the last trading period, the closing price was at $497.18.
For YETI Holdings Inc (NYSE:YETI), Keybanc downgraded the previous rating of Sector Weight to Underweight. For the first quarter, YETI Holdings had an EPS of $0.18, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $55.15 and a 52-week-low of $27.95. YETI Holdings closed at $42.59 at the end of the last trading period.
According to Keybanc, the prior rating for CryoPort Inc (NASDAQ:CYRX) was changed from Overweight to Sector Weight. CryoPort earned $0.16 in the first quarter, compared to $0.31 in the year-ago quarter. The current stock performance of CryoPort shows a 52-week-high of $45.34 and a 52-week-low of $13.83. Moreover, at the end of the last trading period, the closing price was at $15.04.
According to Keybanc, the prior rating for Brunswick Corp (NYSE:BC) was changed from Overweight to Sector Weight. For the first quarter, Brunswick had an EPS of $2.57, compared to year-ago quarter EPS of $2.53. The stock has a 52-week-high of $93.15 and a 52-week-low of $64.57. At the end of the last trading period, Brunswick closed at $83.89.
See all analyst ratings downgrades.
Initiations
With a Buy rating, Alliance Global Partners initiated coverage on NeuroSense Therapeutics Ltd (NASDAQ:NRSN). The price target seems to have been set at $7.50 for NeuroSense Therapeutics. In the first quarter, NeuroSense Therapeutics showed an EPS of $0.33, compared to $0.24 from the year-ago quarter. The current stock performance of NeuroSense Therapeutics shows a 52-week-high of $2.91 and a 52-week-low of $1.07. Moreover, at the end of the last trading period, the closing price was at $1.36.
With a Buy rating, Loop Capital initiated coverage on Compass Minerals International Inc (NYSE:CMP). The price target seems to have been set at $58.00 for Compass Minerals Intl. Compass Minerals Intl earned $0.46 in the second quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.68 and a 52-week-low of $28.89. Compass Minerals Intl closed at $33.11 at the end of the last trading period.
TD Cowen initiated coverage on On Holding AG (NYSE:ONON) with an Outperform rating. The price target for On Holding is set to $38.00. In the first quarter, On Holding showed an EPS of $0.05, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $34.88 and a 52-week-low of $15.44. On Holding closed at $33.14 at the end of the last trading period.
Ladenburg Thalmann initiated coverage on Blade Air Mobility Inc (NASDAQ:BLDE) with a Buy rating. The price target for Blade Air Mobility is set to $13.00. For the first quarter, Blade Air Mobility had an EPS of $0.14, compared to year-ago quarter EPS of $0.16. At the moment, the stock has a 52-week-high of $6.86 and a 52-week-low of $2.51. Blade Air Mobility closed at $4.00 at the end of the last trading period.
With a Hold rating, Canaccord Genuity initiated coverage on Immunocore Holdings PLC (NASDAQ:IMCR). The price target seems to have been set at $67.00 for Immunocore Hldgs. Immunocore Hldgs earned $0.43 in the first quarter, compared to $0.48 in the year-ago quarter. The stock has a 52-week-high of $69.01 and a 52-week-low of $39.00. At the end of the last trading period, Immunocore Hldgs closed at $63.40.
With a Buy rating, Jefferies initiated coverage on PennyMac Financial Services Inc (NYSE:PFSI). The price target seems to have been set at $85.00 for PennyMac Financial Servs. In the first quarter, PennyMac Financial Servs showed an EPS of $0.57, compared to $2.94 from the year-ago quarter. At the moment, the stock has a 52-week-high of $73.81 and a 52-week-low of $41.90. PennyMac Financial Servs closed at $73.74 at the end of the last trading period.
Barclays initiated coverage on Saia Inc (NASDAQ:SAIA) with an Overweight rating. The price target for Saia is set to $420.00. Saia earned $2.85 in the first quarter, compared to $2.98 in the year-ago quarter. The stock has a 52-week-high of $367.38 and a 52-week-low of $176.70. At the end of the last trading period, Saia closed at $364.10.
With a Equal-Weight rating, Barclays initiated coverage on Old Dominion Freight Line Inc (NASDAQ:ODFL). The price target seems to have been set at $375.00 for Old Dominion Freight Line. For the first quarter, Old Dominion Freight Line had an EPS of $2.58, compared to year-ago quarter EPS of $2.60. At the moment, the stock has a 52-week-high of $381.81 and a 52-week-low of $240.32. Old Dominion Freight Line closed at $377.77 at the end of the last trading period.
With a Hold rating, HSBC initiated coverage on EPAM Systems Inc (NYSE:EPAM). The price target seems to have been set at $255.00 for EPAM Sys. For the first quarter, EPAM Sys had an EPS of $2.47, compared to year-ago quarter EPS of $2.49. At the moment, the stock has a 52-week-high of $462.52 and a 52-week-low of $197.99. EPAM Sys closed at $241.94 at the end of the last trading period.
With a Buy rating, HSBC initiated coverage on Endava PLC (NYSE:DAVA). The price target seems to have been set at $74.00 for Endava. For the third quarter, Endava had an EPS of $0.72, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $115.85 and a 52-week-low of $44.62. At the end of the last trading period, Endava closed at $56.51.
Citigroup initiated coverage on BeiGene Ltd (NASDAQ:BGNE) with a Buy rating. The price target for BeiGene is set to $275.00. BeiGene earned $3.34 in the first quarter, compared to $4.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $280.62 and a 52-week-low of $124.55. BeiGene closed at $196.33 at the end of the last trading period.
With a Buy rating, Goldman Sachs initiated coverage on Stagwell Inc (NASDAQ:STGW). The price target seems to have been set at $12.00 for Stagwell. In the first quarter, Stagwell showed an EPS of $0.13, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.23 and a 52-week-low of $4.80. Stagwell closed at $7.39 at the end of the last trading period.