Benzinga's Top Ratings Upgrades, Downgrades For July 20, 2023

Upgrades

Raymond James upgraded the previous rating for RB Global Inc (NYSE:RBA) from Market Perform to Outperform. For the first quarter, RB Global had an EPS of $0.57, compared to year-ago quarter EPS of $0.46. The stock has a 52-week-high of $72.68 and a 52-week-low of $48.75. At the end of the last trading period, RB Global closed at $62.18.

Raymond James upgraded the previous rating for U.S. Bancorp (NYSE:USB) from Underperform to Market Perform. U.S. Bancorp earned $1.12 in the second quarter, compared to $1.09 in the year-ago quarter. The stock has a 52-week-high of $49.95 and a 52-week-low of $27.27. At the end of the last trading period, U.S. Bancorp closed at $38.91.

For Host Hotels & Resorts Inc (NASDAQ:HST), Oppenheimer upgraded the previous rating of Perform to Outperform. Host Hotels & Resorts earned $0.55 in the first quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.75 and a 52-week-low of $14.51. Host Hotels & Resorts closed at $17.67 at the end of the last trading period.

For Prologis Inc (NYSE:PLD), Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. Prologis earned $1.83 in the second quarter, compared to $1.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $138.86 and a 52-week-low of $98.05. Prologis closed at $122.78 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Anheuser-Busch InBev SA/NV (NYSE:BUD) was changed from Equal-Weight to Overweight. In the first quarter, Anheuser-Busch InBev showed an EPS of $0.65, compared to $0.67 from the year-ago quarter. The stock has a 52-week-high of $67.09 and a 52-week-low of $44.52. At the end of the last trading period, Anheuser-Busch InBev closed at $58.43.

Credit Suisse upgraded the previous rating for XP Inc (NASDAQ:XP) from Underperform to Neutral. In the first quarter, XP showed an EPS of $0.28, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $25.18 and a 52-week-low of $10.30. At the end of the last trading period, XP closed at $23.82.

Stifel upgraded the previous rating for Cadence Design Systems Inc (NASDAQ:CDNS) from Hold to Buy. For the first quarter, Cadence Design Sys had an EPS of $1.29, compared to year-ago quarter EPS of $1.17. The stock has a 52-week-high of $245.58 and a 52-week-low of $138.78. At the end of the last trading period, Cadence Design Sys closed at $242.49.

According to Piper Sandler, the prior rating for Olo Inc (NYSE:OLO) was changed from Neutral to Overweight. In the first quarter, Olo showed an EPS of $0.03, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $14.07 and a 52-week-low of $5.74. At the end of the last trading period, Olo closed at $6.72.

See all analyst ratings upgrades.

Downgrades

Oppenheimer downgraded the previous rating for RLJ Lodging Trust (NYSE:RLJ) from Outperform to Perform. RLJ Lodging earned $0.03 in the first quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.48 and a 52-week-low of $9.27. RLJ Lodging closed at $10.09 at the end of the last trading period.

Oppenheimer downgraded the previous rating for Hersha Hospitality Trust (NYSE:HT) from Outperform to Perform. For the first quarter, Hersha Hospitality had an EPS of $0.02, compared to year-ago quarter EPS of $0.06. The current stock performance of Hersha Hospitality shows a 52-week-high of $12.09 and a 52-week-low of $5.64. Moreover, at the end of the last trading period, the closing price was at $6.37.

For Chatham Lodging Trust (NYSE:CLDT), Oppenheimer downgraded the previous rating of Outperform to Perform. In the first quarter, Chatham Lodging showed an EPS of $0.16, compared to $0.07 from the year-ago quarter. The current stock performance of Chatham Lodging shows a 52-week-high of $14.38 and a 52-week-low of $9.02. Moreover, at the end of the last trading period, the closing price was at $9.65.

For Braemar Hotels & Resorts Inc (NYSE:BHR), Oppenheimer downgraded the previous rating of Outperform to Perform. Braemar Hotels & Resorts earned $0.44 in the first quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $5.85 and a 52-week-low of $3.42. At the end of the last trading period, Braemar Hotels & Resorts closed at $3.88.

For The Estee Lauder Companies Inc (NYSE:EL), Barclays downgraded the previous rating of Overweight to Equal-Weight. In the third quarter, Estee Lauder Cos showed an EPS of $0.47, compared to $1.90 from the year-ago quarter. The stock has a 52-week-high of $284.27 and a 52-week-low of $175.05. At the end of the last trading period, Estee Lauder Cos closed at $190.97.

According to Benchmark, the prior rating for Owens-Corning Inc (NYSE:OC) was changed from Buy to Hold. Owens-Corning earned $2.77 in the first quarter, compared to $2.92 in the year-ago quarter. The current stock performance of Owens-Corning shows a 52-week-high of $138.25 and a 52-week-low of $74.25. Moreover, at the end of the last trading period, the closing price was at $136.34.

For Omnicell Inc (NASDAQ:OMCL), Wells Fargo downgraded the previous rating of Overweight to Underweight. Omnicell earned $0.39 in the first quarter, compared to $0.83 in the year-ago quarter. The current stock performance of Omnicell shows a 52-week-high of $114.31 and a 52-week-low of $46.19. Moreover, at the end of the last trading period, the closing price was at $67.42.

According to Edward Jones, the prior rating for Activision Blizzard Inc (NASDAQ:ATVI) was changed from Buy to Hold. In the second quarter, Activision Blizzard showed an EPS of $1.08, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $93.67 and a 52-week-low of $70.94. At the end of the last trading period, Activision Blizzard closed at $92.20.

According to Barclays, the prior rating for Skyworks Solutions Inc (NASDAQ:SWKS) was changed from Overweight to Equal-Weight. Skyworks Solutions earned $2.02 in the second quarter, compared to $2.63 in the year-ago quarter. The stock has a 52-week-high of $123.69 and a 52-week-low of $76.17. At the end of the last trading period, Skyworks Solutions closed at $114.50.

For Enphase Energy Inc (NASDAQ:ENPH), Wolfe Research downgraded the previous rating of Outperform to Peer Perform. For the first quarter, Enphase Energy had an EPS of $1.37, compared to year-ago quarter EPS of $0.79. The current stock performance of Enphase Energy shows a 52-week-high of $339.88 and a 52-week-low of $152.15. Moreover, at the end of the last trading period, the closing price was at $185.49.

According to UBS, the prior rating for Activision Blizzard Inc (NASDAQ:ATVI) was changed from Buy to Neutral. In the second quarter, Activision Blizzard showed an EPS of $1.08, compared to $0.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $93.67 and a 52-week-low of $70.94. Activision Blizzard closed at $92.20 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Avis Budget Group Inc (NASDAQ:CAR) was changed from Buy to Hold. For the first quarter, Avis Budget Gr had an EPS of $7.72, compared to year-ago quarter EPS of $9.99. At the moment, the stock has a 52-week-high of $251.26 and a 52-week-low of $131.85. Avis Budget Gr closed at $239.48 at the end of the last trading period.

Truist Securities downgraded the previous rating for Heritage-Crystal Clean Inc (NASDAQ:HCCI) from Buy to Hold. In the first quarter, Heritage-Crystal Clean showed an EPS of $0.70, compared to $0.54 from the year-ago quarter. The current stock performance of Heritage-Crystal Clean shows a 52-week-high of $42.80 and a 52-week-low of $25.80. Moreover, at the end of the last trading period, the closing price was at $41.94.

For United Community Banks Inc (NASDAQ:UCBI), Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. In the second quarter, United Community Banks showed an EPS of $0.55, compared to $0.66 from the year-ago quarter. The current stock performance of United Community Banks shows a 52-week-high of $39.48 and a 52-week-low of $20.37. Moreover, at the end of the last trading period, the closing price was at $28.21.

For Nicolet Bankshares Inc (NYSE:NIC), Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. Nicolet Bankshares earned $1.53 in the second quarter, compared to $1.73 in the year-ago quarter. The current stock performance of Nicolet Bankshares shows a 52-week-high of $86.00 and a 52-week-low of $51.76. Moreover, at the end of the last trading period, the closing price was at $79.38.

For Carvana Co (NYSE:CVNA), RBC Capital downgraded the previous rating of Sector Perform to Underperform. For the second quarter, Carvana had an EPS of $0.55, compared to year-ago quarter EPS of $2.35. The current stock performance of Carvana shows a 52-week-high of $58.01 and a 52-week-low of $3.56. Moreover, at the end of the last trading period, the closing price was at $55.80.

According to Morgan Stanley, the prior rating for Diageo PLC (NYSE:DEO) was changed from Equal-Weight to Underweight. At the moment, the stock has a 52-week-high of $194.01 and a 52-week-low of $160.09. Diageo closed at $179.68 at the end of the last trading period.

For Activision Blizzard Inc (NASDAQ:ATVI), Jefferies downgraded the previous rating of Buy to Hold. For the second quarter, Activision Blizzard had an EPS of $1.08, compared to year-ago quarter EPS of $0.47. The current stock performance of Activision Blizzard shows a 52-week-high of $93.67 and a 52-week-low of $70.94. Moreover, at the end of the last trading period, the closing price was at $92.20.

Citigroup downgraded the previous rating for Activision Blizzard Inc (NASDAQ:ATVI) from Buy to Hold. In the second quarter, Activision Blizzard showed an EPS of $1.08, compared to $0.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $93.67 and a 52-week-low of $70.94. Activision Blizzard closed at $92.20 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Barclays initiated coverage on Kura Sushi USA Inc (NASDAQ:KRUS) with a Equal-Weight rating. The price target for Kura Sushi USA is set to $95.00. For the third quarter, Kura Sushi USA had an EPS of $0.16, compared to year-ago quarter EPS of $0.05. The current stock performance of Kura Sushi USA shows a 52-week-high of $110.00 and a 52-week-low of $37.97. Moreover, at the end of the last trading period, the closing price was at $99.44.

With a Equal-Weight rating, Wells Fargo initiated coverage on Catalent Inc (NYSE:CTLT). The price target seems to have been set at $43.00 for Catalent. In the third quarter, Catalent showed an EPS of $0.09, compared to $1.04 from the year-ago quarter. The stock has a 52-week-high of $115.30 and a 52-week-low of $31.45. At the end of the last trading period, Catalent closed at $46.32.

Raymond James initiated coverage on Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) with an Outperform rating. The price target for Kratos Defense & Security is set to $17.00. Kratos Defense & Security earned $0.06 in the first quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.22 and a 52-week-low of $8.90. Kratos Defense & Security closed at $13.35 at the end of the last trading period.

With a Buy rating, Northcoast Research initiated coverage on ATI Inc (NYSE:ATI). The price target seems to have been set at $54.00 for ATI. ATI earned $0.49 in the first quarter, compared to $0.40 in the year-ago quarter. The current stock performance of ATI shows a 52-week-high of $47.27 and a 52-week-low of $22.76. Moreover, at the end of the last trading period, the closing price was at $45.46.

With an Overweight rating, Wells Fargo initiated coverage on Inotiv Inc (NASDAQ:NOTV). The price target seems to have been set at $9.00 for Inotiv. Inotiv earned $0.39 in the second quarter, compared to $0.24 in the year-ago quarter. The current stock performance of Inotiv shows a 52-week-high of $27.10 and a 52-week-low of $3.65. Moreover, at the end of the last trading period, the closing price was at $5.07.

With a Buy rating, Truist Securities initiated coverage on Integral Ad Science Holding Corp (NASDAQ:IAS). The price target seems to have been set at $25.00 for Integral Ad Science. For the first quarter, Integral Ad Science had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $20.29 and a 52-week-low of $6.64. Integral Ad Science closed at $19.80 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on Repligen Corp (NASDAQ:RGEN). The price target seems to have been set at $185.00 for Repligen. For the first quarter, Repligen had an EPS of $0.64, compared to year-ago quarter EPS of $0.92. The current stock performance of Repligen shows a 52-week-high of $262.26 and a 52-week-low of $134.64. Moreover, at the end of the last trading period, the closing price was at $158.59.

Exane BNP Paribas initiated coverage on Arista Networks Inc (NYSE:ANET) with an Outperform rating. The price target for Arista Networks is set to $210.00. For the first quarter, Arista Networks had an EPS of $1.43, compared to year-ago quarter EPS of $0.84. The current stock performance of Arista Networks shows a 52-week-high of $178.36 and a 52-week-low of $98.72. Moreover, at the end of the last trading period, the closing price was at $176.26.

With a Neutral rating, Exane BNP Paribas initiated coverage on Juniper Networks Inc (NYSE:JNPR). The price target seems to have been set at $31.00 for Juniper Networks. In the first quarter, Juniper Networks showed an EPS of $0.48, compared to $0.31 from the year-ago quarter. The current stock performance of Juniper Networks shows a 52-week-high of $34.53 and a 52-week-low of $25.18. Moreover, at the end of the last trading period, the closing price was at $30.22.

Exane BNP Paribas initiated coverage on Cisco Systems Inc (NASDAQ:CSCO) with an Underperform rating. The price target for Cisco Systems is set to $45.00. Cisco Systems earned $1.00 in the third quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $52.56 and a 52-week-low of $38.61. Cisco Systems closed at $52.43 at the end of the last trading period.

Jefferies initiated coverage on Alexandria Real Estate Equities Inc (NYSE:ARE) with a Buy rating. The price target for Alexandria Real Estate is set to $142.00. For the first quarter, Alexandria Real Estate had an EPS of $2.19, compared to year-ago quarter EPS of $2.05. The current stock performance of Alexandria Real Estate shows a 52-week-high of $172.65 and a 52-week-low of $108.81. Moreover, at the end of the last trading period, the closing price was at $119.42.

Morgan Stanley initiated coverage on Karuna Therapeutics Inc (NASDAQ:KRTX) with an Overweight rating. The price target for Karuna Therapeutics is set to $280.00. For the first quarter, Karuna Therapeutics had an EPS of $2.80, compared to year-ago quarter EPS of $1.95. At the moment, the stock has a 52-week-high of $277.88 and a 52-week-low of $122.75. Karuna Therapeutics closed at $205.00 at the end of the last trading period.

With a Neutral rating, Goldman Sachs initiated coverage on SEMrush Holdings Inc (NYSE:SEMR). The price target seems to have been set at $10.50 for SEMrush Hldgs. In the first quarter, SEMrush Hldgs showed an EPS of $0.07, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $14.48 and a 52-week-low of $7.17. At the end of the last trading period, SEMrush Hldgs closed at $10.37.

B. Riley Securities initiated coverage on Cars.com Inc (NYSE:CARS) with a Buy rating. The price target for Cars.com is set to $26.00. For the first quarter, Cars.com had an EPS of $0.17, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $21.74 and a 52-week-low of $10.52. Cars.com closed at $21.00 at the end of the last trading period.

With a Buy rating, B. Riley Securities initiated coverage on CarGurus Inc (NASDAQ:CARG). The price target seems to have been set at $28.00 for CarGurus. For the first quarter, CarGurus had an EPS of $0.26, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $26.39 and a 52-week-low of $9.28. At the end of the last trading period, CarGurus closed at $23.58.

With a Neutral rating, B. Riley Securities initiated coverage on TrueCar Inc (NASDAQ:TRUE). The price target seems to have been set at $3.00 for TrueCar. For the first quarter, TrueCar had an EPS of $0.22, compared to year-ago quarter EPS of $0.13. The current stock performance of TrueCar shows a 52-week-high of $3.49 and a 52-week-low of $1.30. Moreover, at the end of the last trading period, the closing price was at $2.39.

With a Buy rating, B. Riley Securities initiated coverage on ACV Auctions Inc (NASDAQ:ACVA). The price target seems to have been set at $23.00 for ACV Auctions. In the first quarter, ACV Auctions showed an EPS of $0.11, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $18.68 and a 52-week-low of $6.52. At the end of the last trading period, ACV Auctions closed at $17.40.

Wolfe Research initiated coverage on GLOBALFOUNDRIES Inc (NASDAQ:GFS) with an Outperform rating. The price target for GLOBALFOUNDRIES is set to $80.00. In the first quarter, GLOBALFOUNDRIES showed an EPS of $0.52, compared to $0.42 from the year-ago quarter. The stock has a 52-week-high of $72.50 and a 52-week-low of $44.47. At the end of the last trading period, GLOBALFOUNDRIES closed at $66.73.

Wolfe Research initiated coverage on Microchip Technology Inc (NASDAQ:MCHP) with a Peer Perform rating. Microchip Technology earned $1.64 in the fourth quarter, compared to $1.35 in the year-ago quarter. The stock has a 52-week-high of $93.58 and a 52-week-low of $54.80. At the end of the last trading period, Microchip Technology closed at $91.73.

With an Outperform rating, Wolfe Research initiated coverage on Qualcomm Inc (NASDAQ:QCOM). The price target seems to have been set at $145.00 for Qualcomm. For the second quarter, Qualcomm had an EPS of $2.15, compared to year-ago quarter EPS of $3.21. The stock has a 52-week-high of $156.65 and a 52-week-low of $101.47. At the end of the last trading period, Qualcomm closed at $124.42.

For Allegro Microsystems Inc (NASDAQ:ALGM), Wolfe Research initiated coverage, by setting the current rating at Peer Perform. For the fourth quarter, Allegro Microsystems had an EPS of $0.37, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $53.05 and a 52-week-low of $19.80. Allegro Microsystems closed at $52.17 at the end of the last trading period.

With an Outperform rating, Wolfe Research initiated coverage on SiTime Corp (NASDAQ:SITM). The price target seems to have been set at $160.00 for SiTime. SiTime earned $0.09 in the first quarter, compared to $0.94 in the year-ago quarter. The stock has a 52-week-high of $209.66 and a 52-week-low of $73.10. At the end of the last trading period, SiTime closed at $129.57.

Wolfe Research initiated coverage on Marvell Technology Inc (NASDAQ:MRVL) with an Outperform rating. The price target for Marvell Tech is set to $80.00. Marvell Tech earned $0.31 in the first quarter, compared to $0.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $67.99 and a 52-week-low of $33.75. Marvell Tech closed at $65.63 at the end of the last trading period.

Wolfe Research initiated coverage on NXP Semiconductors NV (NASDAQ:NXPI) with a Peer Perform rating. In the first quarter, NXP Semiconductors showed an EPS of $3.19, compared to $3.34 from the year-ago quarter. The current stock performance of NXP Semiconductors shows a 52-week-high of $224.40 and a 52-week-low of $132.17. Moreover, at the end of the last trading period, the closing price was at $220.28.

With an Outperform rating, Wolfe Research initiated coverage on NVIDIA Corp (NASDAQ:NVDA). The price target seems to have been set at $570.00 for NVIDIA. In the first quarter, NVIDIA showed an EPS of $1.09, compared to $1.36 from the year-ago quarter. The current stock performance of NVIDIA shows a 52-week-high of $480.88 and a 52-week-low of $108.14. Moreover, at the end of the last trading period, the closing price was at $470.77.

Wolfe Research initiated coverage on ON Semiconductor Corp (NASDAQ:ON) with a Peer Perform rating. For the first quarter, ON Semiconductor had an EPS of $1.19, compared to year-ago quarter EPS of $1.22. The stock has a 52-week-high of $105.35 and a 52-week-low of $54.93. At the end of the last trading period, ON Semiconductor closed at $101.91.

Wolfe Research initiated coverage on Intel Corp (NASDAQ:INTC) with an Underperform rating. The price target for Intel is set to $27.00. Intel earned $0.04 in the first quarter, compared to $0.87 in the year-ago quarter. The stock has a 52-week-high of $40.73 and a 52-week-low of $24.59. At the end of the last trading period, Intel closed at $34.46.

With an Outperform rating, Wolfe Research initiated coverage on Advanced Micro Devices Inc (NASDAQ:AMD). The price target seems to have been set at $150.00 for Advanced Micro Devices. Advanced Micro Devices earned $0.60 in the first quarter, compared to $1.13 in the year-ago quarter. The current stock performance of Advanced Micro Devices shows a 52-week-high of $132.83 and a 52-week-low of $54.58. Moreover, at the end of the last trading period, the closing price was at $116.43.

For Texas Instruments Inc (NASDAQ:TXN), Wolfe Research initiated coverage, by setting the current rating at Peer Perform. For the first quarter, Texas Instruments had an EPS of $1.85, compared to year-ago quarter EPS of $2.35. The stock has a 52-week-high of $186.30 and a 52-week-low of $145.98. At the end of the last trading period, Texas Instruments closed at $183.67.

Wolfe Research initiated coverage on Monolithic Power Systems Inc (NASDAQ:MPWR) with a Peer Perform rating. For the first quarter, Monolithic Power Systems had an EPS of $3.00, compared to year-ago quarter EPS of $2.45. At the moment, the stock has a 52-week-high of $595.98 and a 52-week-low of $303.30. Monolithic Power Systems closed at $574.51 at the end of the last trading period.

Wolfe Research initiated coverage on Micron Technology Inc (NASDAQ:MU) with an Outperform rating. The price target for Micron Technology is set to $80.00. For the third quarter, Micron Technology had an EPS of $1.43, compared to year-ago quarter EPS of $2.59. At the moment, the stock has a 52-week-high of $74.77 and a 52-week-low of $48.43. Micron Technology closed at $64.96 at the end of the last trading period.

With an Outperform rating, Wolfe Research initiated coverage on Skyworks Solutions Inc (NASDAQ:SWKS). The price target seems to have been set at $135.00 for Skyworks Solutions. Skyworks Solutions earned $2.02 in the second quarter, compared to $2.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $123.69 and a 52-week-low of $76.17. Skyworks Solutions closed at $114.50 at the end of the last trading period.

Wolfe Research initiated coverage on Analog Devices Inc (NASDAQ:ADI) with a Peer Perform rating. In the second quarter, Analog Devices showed an EPS of $2.83, compared to $2.40 from the year-ago quarter. The stock has a 52-week-high of $199.44 and a 52-week-low of $133.48. At the end of the last trading period, Analog Devices closed at $195.79.

Wolfe Research initiated coverage on Broadcom Inc (NASDAQ:AVGO) with a Peer Perform rating. In the second quarter, Broadcom showed an EPS of $10.32, compared to $9.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $921.78 and a 52-week-low of $415.35. Broadcom closed at $901.37 at the end of the last trading period.

Wolfe Research initiated coverage on Qorvo Inc (NASDAQ:QRVO) with an Outperform rating. The price target for Qorvo is set to $125.00. Qorvo earned $0.26 in the fourth quarter, compared to $3.12 in the year-ago quarter. The stock has a 52-week-high of $114.59 and a 52-week-low of $75.58. At the end of the last trading period, Qorvo closed at $105.84.

See all analyst ratings initiations.