Benzinga's Top Ratings Upgrades, Downgrades For July 7, 2023
Upgrades
For Credicorp Ltd (NYSE:BAP), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. For the first quarter, Credicorp had an EPS of $4.55, compared to year-ago quarter EPS of $3.70. At the moment, the stock has a 52-week-high of $158.90 and a 52-week-low of $113.21. Credicorp closed at $147.50 at the end of the last trading period.
According to Guggenheim, the prior rating for Exelon Corp (NASDAQ:EXC) was changed from Neutral to Buy. In the first quarter, Exelon showed an EPS of $0.70, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.23 and a 52-week-low of $35.19. Exelon closed at $41.06 at the end of the last trading period.
For Everest Re Group Ltd (NYSE:RE), Raymond James upgraded the previous rating of Outperform to Strong Buy. In the first quarter, Everest Re Group showed an EPS of $11.31, compared to $10.31 from the year-ago quarter. The stock has a 52-week-high of $395.00 and a 52-week-low of $244.67. At the end of the last trading period, Everest Re Group closed at $341.28.
For Playtika Holding Corp (NASDAQ:PLTK), B of A Securities upgraded the previous rating of Underperform to Neutral. Playtika Holding earned $0.23 in the first quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.95 and a 52-week-low of $7.83. Playtika Holding closed at $11.54 at the end of the last trading period.
According to Wolfe Research, the prior rating for ConocoPhillips (NYSE:COP) was changed from Peer Perform to Outperform. ConocoPhillips earned $2.38 in the first quarter, compared to $3.27 in the year-ago quarter. The current stock performance of ConocoPhillips shows a 52-week-high of $138.46 and a 52-week-low of $78.30. Moreover, at the end of the last trading period, the closing price was at $100.34.
BMO Capital upgraded the previous rating for Adtalem Global Education Inc (NYSE:ATGE) from Market Perform to Outperform. In the third quarter, Adtalem Glb Education showed an EPS of $1.13, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $44.36 and a 52-week-low of $33.59. At the end of the last trading period, Adtalem Glb Education closed at $33.68.
According to Wolfe Research, the prior rating for JPMorgan Chase & Co (NYSE:JPM) was changed from Peer Perform to Outperform. JPMorgan Chase earned $4.10 in the first quarter, compared to $2.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $147.48 and a 52-week-low of $101.30. JPMorgan Chase closed at $143.21 at the end of the last trading period.
According to Barclays, the prior rating for Newmont Corp (NYSE:NEM) was changed from Equal-Weight to Overweight. In the first quarter, Newmont showed an EPS of $0.40, compared to $0.69 from the year-ago quarter. The current stock performance of Newmont shows a 52-week-high of $60.89 and a 52-week-low of $37.45. Moreover, at the end of the last trading period, the closing price was at $41.54.
Barclays upgraded the previous rating for Hudbay Minerals Inc (NYSE:HBM) from Equal-Weight to Overweight. Hudbay Minerals earned $0.00 in the first quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.34 and a 52-week-low of $3.10. Hudbay Minerals closed at $4.55 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
Northland Capital Markets downgraded the previous rating for Kaleyra Inc (NYSE:KLR) from Outperform to Market Perform. For the first quarter, Kaleyra had an EPS of $0.08, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $10.85 and a 52-week-low of $1.57. At the end of the last trading period, Kaleyra closed at $6.71.
According to BOCOM International, the prior rating for XPeng Inc (NYSE:XPEV) was changed from Neutral to Sell. In the first quarter, XPeng showed an EPS of $0.37, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.54 and a 52-week-low of $6.18. XPeng closed at $14.14 at the end of the last trading period.
Guggenheim downgraded the previous rating for Edison International (NYSE:EIX) from Buy to Neutral. In the first quarter, Edison Intl showed an EPS of $1.09, compared to $1.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $74.92 and a 52-week-low of $54.51. Edison Intl closed at $69.43 at the end of the last trading period.
Barclays downgraded the previous rating for Williams-Sonoma Inc (NYSE:WSM) from Equal-Weight to Underweight. For the first quarter, Williams-Sonoma had an EPS of $2.64, compared to year-ago quarter EPS of $3.50. The current stock performance of Williams-Sonoma shows a 52-week-high of $176.88 and a 52-week-low of $109.35. Moreover, at the end of the last trading period, the closing price was at $124.24.
According to Raymond James, the prior rating for Mercury General Corp (NYSE:MCY) was changed from Strong Buy to Outperform. In the first quarter, Mercury General showed an EPS of $1.52, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $46.27 and a 52-week-low of $26.15. Mercury General closed at $28.86 at the end of the last trading period.
Wolfe Research downgraded the previous rating for Paramount Global (NASDAQ:PARA) from Peer Perform to Underperform. Paramount Global earned $0.09 in the first quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.48 and a 52-week-low of $13.80. Paramount Global closed at $16.47 at the end of the last trading period.
According to Wolfe Research, the prior rating for Warner Bros. Discovery Inc (NASDAQ:WBD) was changed from Outperform to Peer Perform. For the first quarter, Warner Bros. Discovery had an EPS of $0.44, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $17.64 and a 52-week-low of $8.82. At the end of the last trading period, Warner Bros. Discovery closed at $12.67.
Wolfe Research downgraded the previous rating for Exxon Mobil Corp (NYSE:XOM) from Outperform to Peer Perform. Exxon Mobil earned $2.83 in the first quarter, compared to $2.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $119.92 and a 52-week-low of $80.69. Exxon Mobil closed at $102.92 at the end of the last trading period.
For Cedar Fair LP (NYSE:FUN), Citigroup downgraded the previous rating of Buy to Neutral. Cedar Fair earned $2.61 in the first quarter, compared to $1.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.95 and a 52-week-low of $37.92. Cedar Fair closed at $39.65 at the end of the last trading period.
For Wells Fargo & Co (NYSE:WFC), Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the first quarter, Wells Fargo showed an EPS of $1.23, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $48.84 and a 52-week-low of $35.25. At the end of the last trading period, Wells Fargo closed at $42.89.
For Humana Inc (NYSE:HUM), JP Morgan downgraded the previous rating of Overweight to Neutral. For the first quarter, Humana had an EPS of $9.38, compared to year-ago quarter EPS of $8.04. The stock has a 52-week-high of $571.01 and a 52-week-low of $435.00. At the end of the last trading period, Humana closed at $440.99.
Keybanc downgraded the previous rating for KLA Corp (NASDAQ:KLAC) from Overweight to Sector Weight. KLA earned $5.49 in the third quarter, compared to $5.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $488.41 and a 52-week-low of $250.74. KLA closed at $461.54 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
Maxim Group initiated coverage on Nuzee Inc (NASDAQ:NUZE) with a Buy rating. The price target for Nuzee is set to $24.00. For the first quarter, Nuzee had an EPS of $3.23, compared to year-ago quarter EPS of $5.60.
With a Speculative Buy rating, Benchmark initiated coverage on Near Intelligence Inc (NASDAQ:NIR). The price target seems to have been set at $3.00 for Near Intelligence. For the first quarter, Near Intelligence had an EPS of $1.20, compared to year-ago quarter EPS of $0.49. The current stock performance of Near Intelligence shows a 52-week-high of $18.65 and a 52-week-low of $1.17. Moreover, at the end of the last trading period, the closing price was at $1.18.
Raymond James initiated coverage on Silicon Laboratories Inc (NASDAQ:SLAB) with a Market Perform rating. Silicon Laboratories earned $1.12 in the first quarter, compared to $1.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $194.68 and a 52-week-low of $109.76. Silicon Laboratories closed at $153.16 at the end of the last trading period.
For Ferguson PLC (NYSE:FERG), William Blair initiated coverage, by setting the current rating at Outperform. Ferguson earned $2.20 in the third quarter, compared to $2.50 in the year-ago quarter. The current stock performance of Ferguson shows a 52-week-high of $158.54 and a 52-week-low of $99.24. Moreover, at the end of the last trading period, the closing price was at $151.50.
JP Morgan initiated coverage on International Business Machines Corp (NYSE:IBM) with a Neutral rating. The price target for IBM is set to $145.00. IBM earned $1.36 in the first quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $153.18 and a 52-week-low of $115.57. IBM closed at $132.16 at the end of the last trading period.
With a Hold rating, Deutsche Bank initiated coverage on WEX Inc (NYSE:WEX). The price target seems to have been set at $190.00 for WEX. WEX earned $3.31 in the first quarter, compared to $2.88 in the year-ago quarter. The stock has a 52-week-high of $204.06 and a 52-week-low of $125.00. At the end of the last trading period, WEX closed at $183.48.
With a Buy rating, Deutsche Bank initiated coverage on Fleetcor Technologies Inc (NYSE:FLT). The price target seems to have been set at $310.00 for Fleetcor Technologies. For the first quarter, Fleetcor Technologies had an EPS of $3.80, compared to year-ago quarter EPS of $3.65. At the moment, the stock has a 52-week-high of $253.80 and a 52-week-low of $162.98. Fleetcor Technologies closed at $250.06 at the end of the last trading period.
Raymond James initiated coverage on Terex Corp (NYSE:TEX) with a Market Perform rating. For the first quarter, Terex had an EPS of $1.60, compared to year-ago quarter EPS of $0.74. The current stock performance of Terex shows a 52-week-high of $61.01 and a 52-week-low of $27.29. Moreover, at the end of the last trading period, the closing price was at $57.56.
With an Outperform rating, Raymond James initiated coverage on Alamo Group Inc (NYSE:ALG). The price target seems to have been set at $215.00 for Alamo Group. For the first quarter, Alamo Group had an EPS of $2.79, compared to year-ago quarter EPS of $1.63. The current stock performance of Alamo Group shows a 52-week-high of $186.76 and a 52-week-low of $111.32. Moreover, at the end of the last trading period, the closing price was at $178.75.
With an Outperform rating, RBC Capital initiated coverage on Bloom Energy Corp (NYSE:BE). The price target seems to have been set at $24.00 for Bloom Energy. For the first quarter, Bloom Energy had an EPS of $0.22, compared to year-ago quarter EPS of $0.32. The current stock performance of Bloom Energy shows a 52-week-high of $31.47 and a 52-week-low of $12.33. Moreover, at the end of the last trading period, the closing price was at $15.55.