Benzinga's Top Ratings Upgrades, Downgrades For July 27, 2023
Upgrades
According to HSBC, the prior rating for Meta Platforms Inc (NASDAQ:META) was changed from Reduce to Hold. In the second quarter, Meta Platforms showed an EPS of $2.98, compared to $2.46 from the year-ago quarter. The current stock performance of Meta Platforms shows a 52-week-high of $318.68 and a 52-week-low of $88.10. Moreover, at the end of the last trading period, the closing price was at $298.57.
According to TD Cowen, the prior rating for North American Construction Group Ltd (NYSE:NOA) was changed from Hold to Buy. North American earned $0.35 in the second quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $20.23 and a 52-week-low of $9.24. At the end of the last trading period, North American closed at $18.88.
According to Ladenburg Thalmann, the prior rating for NorthWestern Corp (NASDAQ:NWE) was changed from Neutral to Buy. In the second quarter, NorthWestern showed an EPS of $0.35, compared to $0.54 from the year-ago quarter. The current stock performance of NorthWestern shows a 52-week-high of $61.24 and a 52-week-low of $48.74. Moreover, at the end of the last trading period, the closing price was at $56.90.
According to Macquarie, the prior rating for iQIYI Inc (NASDAQ:IQ) was changed from Underperform to Neutral. For the first quarter, iQIYI had an EPS of $0.14, compared to year-ago quarter EPS of $0.03. The current stock performance of iQIYI shows a 52-week-high of $7.99 and a 52-week-low of $1.66. Moreover, at the end of the last trading period, the closing price was at $5.35.
According to B of A Securities, the prior rating for Boeing Co (NYSE:BA) was changed from Neutral to Buy. Boeing earned $0.82 in the second quarter, compared to $0.37 in the year-ago quarter. The current stock performance of Boeing shows a 52-week-high of $233.09 and a 52-week-low of $120.99. Moreover, at the end of the last trading period, the closing price was at $232.80.
For Meta Platforms Inc (NASDAQ:META), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the second quarter, Meta Platforms showed an EPS of $2.98, compared to $2.46 from the year-ago quarter. The current stock performance of Meta Platforms shows a 52-week-high of $318.68 and a 52-week-low of $88.10. Moreover, at the end of the last trading period, the closing price was at $298.57.
According to Loop Capital, the prior rating for Ingevity Corp (NYSE:NGVT) was changed from Hold to Buy. In the first quarter, Ingevity showed an EPS of $1.09, compared to $1.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $90.81 and a 52-week-low of $46.52. Ingevity closed at $63.08 at the end of the last trading period.
According to Evercore ISI Group, the prior rating for Veris Residential Inc (NYSE:VRE) was changed from In-Line to Outperform. For the second quarter, Veris Residential had an EPS of $0.16, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $17.69 and a 52-week-low of $10.21. At the end of the last trading period, Veris Residential closed at $16.43.
For Owens-Corning Inc (NYSE:OC), RBC Capital upgraded the previous rating of Sector Perform to Outperform. Owens-Corning earned $4.22 in the second quarter, compared to $3.83 in the year-ago quarter. The stock has a 52-week-high of $139.45 and a 52-week-low of $74.25. At the end of the last trading period, Owens-Corning closed at $138.51.
For Silgan Holdings Inc (NYSE:SLGN), Baird upgraded the previous rating of Neutral to Outperform. Silgan Hldgs earned $0.83 in the second quarter, compared to $1.09 in the year-ago quarter. The current stock performance of Silgan Hldgs shows a 52-week-high of $55.41 and a 52-week-low of $40.98. Moreover, at the end of the last trading period, the closing price was at $42.87.
For RPM International Inc (NYSE:RPM), Deutsche Bank upgraded the previous rating of Hold to Buy. In the fourth quarter, RPM International showed an EPS of $1.36, compared to $1.42 from the year-ago quarter. The stock has a 52-week-high of $106.26 and a 52-week-low of $78.52. At the end of the last trading period, RPM International closed at $104.05.
Barclays upgraded the previous rating for Iridium Communications Inc (NASDAQ:IRDM) from Equal-Weight to Overweight. In the second quarter, Iridium Comms showed an EPS of $0.24, compared to $0.04 from the year-ago quarter. The current stock performance of Iridium Comms shows a 52-week-high of $68.34 and a 52-week-low of $40.34. Moreover, at the end of the last trading period, the closing price was at $50.96.
For Eventbrite Inc (NYSE:EB), Keybanc upgraded the previous rating of Sector Weight to Overweight. In the first quarter, Eventbrite showed an EPS of $0.13, compared to $0.19 from the year-ago quarter. The current stock performance of Eventbrite shows a 52-week-high of $11.07 and a 52-week-low of $5.30. Moreover, at the end of the last trading period, the closing price was at $9.81.
See all analyst ratings upgrades.
Downgrades
Raymond James downgraded the previous rating for Willis Towers Watson PLC (NASDAQ:WTW) from Strong Buy to Outperform. In the second quarter, Willis Towers Watson showed an EPS of $2.05, compared to $2.32 from the year-ago quarter. The current stock performance of Willis Towers Watson shows a 52-week-high of $258.93 and a 52-week-low of $197.48. Moreover, at the end of the last trading period, the closing price was at $232.93.
According to Wedbush, the prior rating for Mersana Therapeutics Inc (NASDAQ:MRSN) was changed from Outperform to Neutral. For the first quarter, Mersana Therapeutics had an EPS of $0.52, compared to year-ago quarter EPS of $0.59. At the moment, the stock has a 52-week-high of $9.62 and a 52-week-low of $2.98. Mersana Therapeutics closed at $3.91 at the end of the last trading period.
Truist Securities downgraded the previous rating for Mersana Therapeutics Inc (NASDAQ:MRSN) from Buy to Hold. In the first quarter, Mersana Therapeutics showed an EPS of $0.52, compared to $0.59 from the year-ago quarter. The stock has a 52-week-high of $9.62 and a 52-week-low of $2.98. At the end of the last trading period, Mersana Therapeutics closed at $3.91.
For Baidu Inc (NASDAQ:BIDU), OTR Global downgraded the previous rating of Positive to Mixed. Baidu earned $2.34 in the first quarter, compared to $1.77 in the year-ago quarter. The stock has a 52-week-high of $160.88 and a 52-week-low of $73.59. At the end of the last trading period, Baidu closed at $149.57.
B of A Securities downgraded the previous rating for Southwest Airlines Co (NYSE:LUV) from Buy to Neutral. In the second quarter, Southwest Airlines showed an EPS of $1.09, compared to $1.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $41.06 and a 52-week-low of $28.40. Southwest Airlines closed at $36.26 at the end of the last trading period.
According to Craig-Hallum, the prior rating for Rimini Street Inc (NASDAQ:RMNI) was changed from Buy to Hold. In the first quarter, Rimini Street showed an EPS of $0.12, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $7.25 and a 52-week-low of $2.69. Rimini Street closed at $2.79 at the end of the last trading period.
Citigroup downgraded the previous rating for National Vision Holdings Inc (NASDAQ:EYE) from Buy to Neutral. National Vision Holdings earned $0.17 in the second quarter, compared to $0.21 in the year-ago quarter. The current stock performance of National Vision Holdings shows a 52-week-high of $43.82 and a 52-week-low of $17.25. Moreover, at the end of the last trading period, the closing price was at $24.76.
Craig-Hallum downgraded the previous rating for MaxLinear Inc (NASDAQ:MXL) from Buy to Hold. For the second quarter, MaxLinear had an EPS of $0.34, compared to year-ago quarter EPS of $1.11. The stock has a 52-week-high of $43.66 and a 52-week-low of $23.05. At the end of the last trading period, MaxLinear closed at $29.61.
According to Craig-Hallum, the prior rating for TPI Composites Inc (NASDAQ:TPIC) was changed from Buy to Hold. In the first quarter, TPI Composites showed an EPS of $0.88, compared to $0.71 from the year-ago quarter. The current stock performance of TPI Composites shows a 52-week-high of $25.04 and a 52-week-low of $8.48. Moreover, at the end of the last trading period, the closing price was at $10.66.
Summit Insights Group downgraded the previous rating for Seagate Technology Holdings PLC (NASDAQ:STX) from Buy to Sell. In the fourth quarter, Seagate Tech Hldgs showed an EPS of $0.18, compared to $1.59 from the year-ago quarter. The stock has a 52-week-high of $83.63 and a 52-week-low of $47.47. At the end of the last trading period, Seagate Tech Hldgs closed at $57.97.
According to William Blair, the prior rating for Black Knight Inc (NYSE:BKI) was changed from Outperform to Market Perform. In the first quarter, Black Knight showed an EPS of $0.56, compared to $0.63 from the year-ago quarter. The stock has a 52-week-high of $71.49 and a 52-week-low of $53.15. At the end of the last trading period, Black Knight closed at $70.17.
For Virtu Financial Inc (NASDAQ:VIRT), JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Virtu Finl showed an EPS of $0.37, compared to $0.73 from the year-ago quarter. The stock has a 52-week-high of $25.71 and a 52-week-low of $16.26. At the end of the last trading period, Virtu Finl closed at $18.69.
According to Raymond James, the prior rating for Ladder Capital Corp (NYSE:LADR) was changed from Strong Buy to Outperform. In the second quarter, Ladder Cap showed an EPS of $0.33, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.17 and a 52-week-low of $8.67. Ladder Cap closed at $11.47 at the end of the last trading period.
B of A Securities downgraded the previous rating for RTX Corp (NYSE:RTX) from Buy to Neutral. For the second quarter, RTX had an EPS of $1.29, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $108.84 and a 52-week-low of $80.28. RTX closed at $86.30 at the end of the last trading period.
For National Vision Holdings Inc (NASDAQ:EYE), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. For the second quarter, National Vision Holdings had an EPS of $0.17, compared to year-ago quarter EPS of $0.21. The current stock performance of National Vision Holdings shows a 52-week-high of $43.82 and a 52-week-low of $17.25. Moreover, at the end of the last trading period, the closing price was at $24.76.
For TPI Composites Inc (NASDAQ:TPIC), Roth MKM downgraded the previous rating of Buy to Neutral. In the first quarter, TPI Composites showed an EPS of $0.88, compared to $0.71 from the year-ago quarter. The stock has a 52-week-high of $25.04 and a 52-week-low of $8.48. At the end of the last trading period, TPI Composites closed at $10.66.
For Coty Inc (NYSE:COTY), Jefferies downgraded the previous rating of Buy to Hold. In the third quarter, Coty showed an EPS of $0.19, compared to $0.03 from the year-ago quarter. The current stock performance of Coty shows a 52-week-high of $13.46 and a 52-week-low of $6.19. Moreover, at the end of the last trading period, the closing price was at $12.41.
According to Jefferies, the prior rating for The Estee Lauder Companies Inc (NYSE:EL) was changed from Buy to Hold. In the third quarter, Estee Lauder Cos showed an EPS of $0.47, compared to $1.90 from the year-ago quarter. The current stock performance of Estee Lauder Cos shows a 52-week-high of $284.27 and a 52-week-low of $171.93. Moreover, at the end of the last trading period, the closing price was at $178.07.
For TPI Composites Inc (NASDAQ:TPIC), BTIG downgraded the previous rating of Buy to Neutral. TPI Composites earned $0.88 in the first quarter, compared to $0.71 in the year-ago quarter. The current stock performance of TPI Composites shows a 52-week-high of $25.04 and a 52-week-low of $8.48. Moreover, at the end of the last trading period, the closing price was at $10.66.
According to UBS, the prior rating for Kodiak Sciences Inc (NASDAQ:KOD) was changed from Buy to Neutral. In the first quarter, Kodiak Sciences showed an EPS of $1.35, compared to $1.83 from the year-ago quarter. The current stock performance of Kodiak Sciences shows a 52-week-high of $12.76 and a 52-week-low of $2.77. Moreover, at the end of the last trading period, the closing price was at $3.24.
For SunPower Corp (NASDAQ:SPWR), Baird downgraded the previous rating of Outperform to Neutral. For the first quarter, SunPower had an EPS of $0.07, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $28.33 and a 52-week-low of $8.99. SunPower closed at $9.45 at the end of the last trading period.
According to Atlantic Equities, the prior rating for Union Pacific Corp (NYSE:UNP) was changed from Overweight to Neutral. In the second quarter, Union Pacific showed an EPS of $2.57, compared to $2.93 from the year-ago quarter. The stock has a 52-week-high of $242.35 and a 52-week-low of $183.69. At the end of the last trading period, Union Pacific closed at $238.00.
Bradesco Corretora downgraded the previous rating for Petroleo Brasileiro SA Petrobras (NYSE:PBR) from Outperform to Neutral. Petrobras Brasileiro earned $1.12 in the first quarter, compared to $1.32 in the year-ago quarter. The stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. At the end of the last trading period, Petrobras Brasileiro closed at $14.54.
JP Morgan downgraded the previous rating for Bilibili Inc (NASDAQ:BILI) from Overweight to Equal-Weight. Bilibili earned $0.37 in the first quarter, compared to $0.66 in the year-ago quarter. The current stock performance of Bilibili shows a 52-week-high of $29.46 and a 52-week-low of $8.23. Moreover, at the end of the last trading period, the closing price was at $17.38.
For Carvana Co (NYSE:CVNA), Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. In the second quarter, Carvana showed an EPS of $0.55, compared to $2.35 from the year-ago quarter. The stock has a 52-week-high of $58.01 and a 52-week-low of $3.56. At the end of the last trading period, Carvana closed at $43.75.
See all analyst ratings downgrades.
Initiations
With a Sector Perform rating, Scotiabank initiated coverage on Kura Oncology Inc (NASDAQ:KURA). The price target seems to have been set at $10.50 for Kura Oncology. Kura Oncology earned $0.50 in the first quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $17.42 and a 52-week-low of $9.49. At the end of the last trading period, Kura Oncology closed at $9.92.
Scotiabank initiated coverage on Biomea Fusion Inc (NASDAQ:BMEA) with a Sector Outperform rating. The price target for Biomea Fusion is set to $41.00. In the first quarter, Biomea Fusion showed an EPS of $0.98, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $43.69 and a 52-week-low of $6.14. At the end of the last trading period, Biomea Fusion closed at $19.31.
With a Sector Outperform rating, Scotiabank initiated coverage on Syndax Pharmaceuticals Inc (NASDAQ:SNDX). The price target seems to have been set at $39.00 for Syndax Pharmaceuticals. Syndax Pharmaceuticals earned $0.59 in the first quarter, compared to $0.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $29.86 and a 52-week-low of $19.27. Syndax Pharmaceuticals closed at $21.63 at the end of the last trading period.
With a Sector Outperform rating, Scotiabank initiated coverage on Biogen Inc (NASDAQ:BIIB). The price target seems to have been set at $327.00 for Biogen. In the second quarter, Biogen showed an EPS of $4.02, compared to $5.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $334.58 and a 52-week-low of $193.73. Biogen closed at $265.25 at the end of the last trading period.
With a Sector Perform rating, Scotiabank initiated coverage on Biomarin Pharmaceutical Inc (NASDAQ:BMRN). The price target seems to have been set at $95.00 for Biomarin Pharmaceutical. In the first quarter, Biomarin Pharmaceutical showed an EPS of $0.60, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $117.77 and a 52-week-low of $80.58. Biomarin Pharmaceutical closed at $87.27 at the end of the last trading period.
With a Sector Underperform rating, Scotiabank initiated coverage on Mirati Therapeutics Inc (NASDAQ:MRTX). The price target seems to have been set at $20.00 for Mirati Therapeutics. For the first quarter, Mirati Therapeutics had an EPS of $3.18, compared to year-ago quarter EPS of $3.40. The stock has a 52-week-high of $101.20 and a 52-week-low of $28.20. At the end of the last trading period, Mirati Therapeutics closed at $29.98.
With a Sector Outperform rating, Scotiabank initiated coverage on Sage Therapeutics Inc (NASDAQ:SAGE). The price target seems to have been set at $61.00 for Sage Therapeutics. In the first quarter, Sage Therapeutics showed an EPS of $2.46, compared to $2.07 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 $36.20 at the end of the last trading period.
With a Sector Outperform rating, Scotiabank initiated coverage on Aura Biosciences Inc (NASDAQ:AURA). The price target seems to have been set at $23.00 for Aura Biosciences. In the first quarter, Aura Biosciences showed an EPS of $0.46, compared to $0.44 from the year-ago quarter. The current stock performance of Aura Biosciences shows a 52-week-high of $24.75 and a 52-week-low of $8.13. Moreover, at the end of the last trading period, the closing price was at $11.47.
With a Buy rating, B. Riley Securities initiated coverage on Pagaya Technologies Ltd (NASDAQ:PGY). The price target seems to have been set at $4.00 for Pagaya Techs. In the first quarter, Pagaya Techs showed an EPS of $0.02, compared to $0.01 from the year-ago quarter. The current stock performance of Pagaya Techs shows a 52-week-high of $34.44 and a 52-week-low of $0.57. Moreover, at the end of the last trading period, the closing price was at $2.16.
William Blair initiated coverage on nVent Electric PLC (NYSE:NVT) with an Outperform rating. In the first quarter, nVent Electric showed an EPS of $0.67, compared to $0.50 from the year-ago quarter. The stock has a 52-week-high of $55.61 and a 52-week-low of $30.50. At the end of the last trading period, nVent Electric closed at $52.23.
With a Hold rating, Berenberg initiated coverage on Sabra Health Care REIT Inc (NASDAQ:SBRA). The price target seems to have been set at $13.00 for Sabra Health Care REIT. For the first quarter, Sabra Health Care REIT had an EPS of $0.34, compared to year-ago quarter EPS of $0.38. The current stock performance of Sabra Health Care REIT shows a 52-week-high of $16.57 and a 52-week-low of $10.08. Moreover, at the end of the last trading period, the closing price was at $13.13.
With a Buy rating, Berenberg initiated coverage on CareTrust REIT Inc (NYSE:CTRE). The price target seems to have been set at $23.00 for CareTrust REIT. For the first quarter, CareTrust REIT had an EPS of $0.35, compared to year-ago quarter EPS of $0.37. At the moment, the stock has a 52-week-high of $22.45 and a 52-week-low of $16.22. CareTrust REIT closed at $21.05 at the end of the last trading period.
HC Wainwright & Co. initiated coverage on MetaWorks Platforms Inc (OTC:MWRK) with a Neutral rating. The current stock performance of MetaWorks Platforms shows a 52-week-high of $0.18 and a 52-week-low of $0.02. Moreover, at the end of the last trading period, the closing price was at $0.07.
For Tokens.com Corp (OTC:SMURF), HC Wainwright & Co. initiated coverage, by setting the current rating at Neutral.
JP Morgan initiated coverage on Fidelis Insurance Holdings Ltd (NYSE:FIHL) with an Overweight rating. The price target for Fidelis Insurance Hldgs is set to $16.50. At the moment, the stock has a 52-week-high of $14.04 and a 52-week-low of $12.60. Fidelis Insurance Hldgs closed at $13.64 at the end of the last trading period.
Piper Sandler initiated coverage on Structure Therapeutics Inc (NASDAQ:GPCR) with an Overweight rating. The price target for Structure Therapeutics is set to $58.00. At the moment, the stock has a 52-week-high of $42.55 and a 52-week-low of $20.80. Structure Therapeutics closed at $35.47 at the end of the last trading period.
With a Market Perform rating, BMO Capital initiated coverage on Omega Healthcare Investors Inc (NYSE:OHI). The price target seems to have been set at $34.50 for Omega Healthcare Invts. Omega Healthcare Invts earned $0.66 in the first quarter, compared to $0.74 in the year-ago quarter. The current stock performance of Omega Healthcare Invts shows a 52-week-high of $33.70 and a 52-week-low of $25.61. Moreover, at the end of the last trading period, the closing price was at $32.24.
With a Neutral rating, B. Riley Securities initiated coverage on Upstart Holdings Inc (NASDAQ:UPST). The price target seems to have been set at $49.00 for Upstart Hldgs. Upstart Hldgs earned $0.47 in the first quarter, compared to $0.61 in the year-ago quarter. The current stock performance of Upstart Hldgs shows a 52-week-high of $65.98 and a 52-week-low of $11.93. Moreover, at the end of the last trading period, the closing price was at $64.16.
With a Buy rating, DA Davidson initiated coverage on Wix.com Ltd (NASDAQ:WIX). The price target seems to have been set at $100.00 for Wix.com. Wix.com earned $0.91 in the first quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $101.55 and a 52-week-low of $56.17. At the end of the last trading period, Wix.com closed at $87.44.
With a Buy rating, DA Davidson initiated coverage on Squarespace Inc (NYSE:SQSP). The price target seems to have been set at $40.00 for Squarespace. For the first quarter, Squarespace had an EPS of $0.00, compared to year-ago quarter EPS of $0.67. The stock has a 52-week-high of $34.38 and a 52-week-low of $16.93. At the end of the last trading period, Squarespace closed at $31.30.
With a Buy rating, B. Riley Securities initiated coverage on MoneyLion Inc (NYSE:ML). The price target seems to have been set at $21.00 for MoneyLion. In the first quarter, MoneyLion showed an EPS of $1.29, compared to $5.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $81.90 and a 52-week-low of $7.50. MoneyLion closed at $12.00 at the end of the last trading period.
