Benzinga's Top Ratings Upgrades, Downgrades For June 13, 2023
Upgrades
According to Goldman Sachs, the prior rating for Oracle Corp (NYSE:ORCL) was changed from Sell to Neutral. For the fourth quarter, Oracle had an EPS of $1.67, compared to year-ago quarter EPS of $1.54. The current stock performance of Oracle shows a 52-week-high of $117.51 and a 52-week-low of $60.78. Moreover, at the end of the last trading period, the closing price was at $116.43.
For BRP Inc (NASDAQ:DOOO), DA Davidson upgraded the previous rating of Neutral to Buy. BRP earned $1.76 in the first quarter, compared to $1.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $90.42 and a 52-week-low of $58.96. BRP closed at $75.06 at the end of the last trading period.
For Ulta Beauty Inc (NASDAQ:ULTA), Loop Capital upgraded the previous rating of Hold to Buy. For the first quarter, Ulta Beauty had an EPS of $6.88, compared to year-ago quarter EPS of $6.30. The stock has a 52-week-high of $556.60 and a 52-week-low of $360.75. At the end of the last trading period, Ulta Beauty closed at $424.91.
For Assurant Inc (NYSE:AIZ), Piper Sandler upgraded the previous rating of Neutral to Overweight. Assurant earned $2.75 in the first quarter, compared to $3.75 in the year-ago quarter. The current stock performance of Assurant shows a 52-week-high of $178.67 and a 52-week-low of $104.49. Moreover, at the end of the last trading period, the closing price was at $125.63.
For Surmodics Inc (NASDAQ:SRDX), Needham upgraded the previous rating of Hold to Buy. For the second quarter, Surmodics had an EPS of $0.40, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $39.53 and a 52-week-low of $16.00. Surmodics closed at $22.69 at the end of the last trading period.
For Devon Energy Corp (NYSE:DVN), Goldman Sachs upgraded the previous rating of Neutral to Buy. In the first quarter, Devon Energy showed an EPS of $1.46, compared to $1.88 from the year-ago quarter. The stock has a 52-week-high of $78.82 and a 52-week-low of $44.03. At the end of the last trading period, Devon Energy closed at $49.40.
HSBC upgraded the previous rating for StoneCo Ltd (NASDAQ:STNE) from Hold to Buy. StoneCo earned $0.14 in the first quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $14.60 and a 52-week-low of $7.21. At the end of the last trading period, StoneCo closed at $13.25.
According to HSBC, the prior rating for PagSeguro Digital Ltd (NYSE:PAGS) was changed from Hold to Buy. In the first quarter, PagSeguro Digital showed an EPS of $0.23, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.49 and a 52-week-low of $7.51. PagSeguro Digital closed at $10.12 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for Urban Outfitters Inc (NASDAQ:URBN) from Equal-Weight to Overweight. For the first quarter, Urban Outfitters had an EPS of $0.56, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $33.10 and a 52-week-low of $18.21. Urban Outfitters closed at $32.40 at the end of the last trading period.
According to Citigroup, the prior rating for EastGroup Properties Inc (NYSE:EGP) was changed from Neutral to Buy. EastGroup Props earned $1.84 in the first quarter, compared to $1.68 in the year-ago quarter. The stock has a 52-week-high of $180.22 and a 52-week-low of $137.47. At the end of the last trading period, EastGroup Props closed at $169.77.
For Editas Medicine Inc (NASDAQ:EDIT), Raymond James upgraded the previous rating of Market Perform to Outperform. In the first quarter, Editas Medicine showed an EPS of $0.71, compared to $0.74 from the year-ago quarter. The current stock performance of Editas Medicine shows a 52-week-high of $19.97 and a 52-week-low of $6.33. Moreover, at the end of the last trading period, the closing price was at $9.93.
See all analyst ratings upgrades.
Downgrades
According to CJS Securities, the prior rating for Triton International Ltd (NYSE:TRTN) was changed from Market Outperform to Market Perform. For the first quarter, Triton International had an EPS of $2.42, compared to year-ago quarter EPS of $2.76. The current stock performance of Triton International shows a 52-week-high of $83.82 and a 52-week-low of $48.66. Moreover, at the end of the last trading period, the closing price was at $83.28.
For Franchise Group Inc (NASDAQ:FRG), CJS Securities downgraded the previous rating of Market Outperform to Market Perform. In the first quarter, Franchise Group showed an EPS of $0.11, compared to $1.29 from the year-ago quarter. The current stock performance of Franchise Group shows a 52-week-high of $42.68 and a 52-week-low of $22.45. Moreover, at the end of the last trading period, the closing price was at $28.96.
BMO Capital downgraded the previous rating for Rexford Industrial Realty Inc (NYSE:REXR) from to Market Perform. Rexford Industrial Realty earned $0.52 in the first quarter, compared to $0.48 in the year-ago quarter. The stock has a 52-week-high of $68.68 and a 52-week-low of $48.80. At the end of the last trading period, Rexford Industrial Realty closed at $50.99.
According to Stifel, the prior rating for Chinook Therapeutics Inc (NASDAQ:KDNY) was changed from Buy to Hold. For the first quarter, Chinook Therapeutics had an EPS of $0.85, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $38.14 and a 52-week-low of $15.08. Chinook Therapeutics closed at $37.98 at the end of the last trading period.
UBS downgraded the previous rating for Weibo Corp (NASDAQ:WB) from Buy to Neutral. In the first quarter, Weibo showed an EPS of $0.47, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $25.57 and a 52-week-low of $10.02. At the end of the last trading period, Weibo closed at $14.46.
According to SVB Leerink, the prior rating for Chinook Therapeutics Inc (NASDAQ:KDNY) was changed from Outperform to Market Perform. For the first quarter, Chinook Therapeutics had an EPS of $0.85, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $38.14 and a 52-week-low of $15.08. Chinook Therapeutics closed at $37.98 at the end of the last trading period.
According to HC Wainwright & Co., the prior rating for Chinook Therapeutics Inc (NASDAQ:KDNY) was changed from Buy to Neutral. For the first quarter, Chinook Therapeutics had an EPS of $0.85, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $38.14 and a 52-week-low of $15.08. At the end of the last trading period, Chinook Therapeutics closed at $37.98.
Jefferies downgraded the previous rating for Global Payments Inc (NYSE:GPN) from Buy to Hold. In the first quarter, Global Payments showed an EPS of $2.40, compared to $2.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $136.88 and a 52-week-low of $92.28. Global Payments closed at $100.70 at the end of the last trading period.
JP Morgan downgraded the previous rating for First Horizon Corp (NYSE:FHN) from Overweight to Neutral. First Horizon earned $0.45 in the first quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $24.90 and a 52-week-low of $8.99. At the end of the last trading period, First Horizon closed at $11.81.
According to Atlantic Equities, the prior rating for PayPal Holdings Inc (NASDAQ:PYPL) was changed from Overweight to Neutral. PayPal Holdings earned $1.17 in the first quarter, compared to $0.88 in the year-ago quarter. The stock has a 52-week-high of $103.02 and a 52-week-low of $58.95. At the end of the last trading period, PayPal Holdings closed at $63.73.
Goldman Sachs downgraded the previous rating for EOG Resources Inc (NYSE:EOG) from Buy to Neutral. EOG Resources earned $2.69 in the first quarter, compared to $4.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $150.78 and a 52-week-low of $92.22. EOG Resources closed at $113.92 at the end of the last trading period.
According to Morgan Stanley, the prior rating for Capri Holdings Ltd (NYSE:CPRI) was changed from Overweight to Equal-Weight. Capri Holdings earned $0.97 in the fourth quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $69.25 and a 52-week-low of $34.25. Capri Holdings closed at $36.52 at the end of the last trading period.
Citigroup downgraded the previous rating for Rexford Industrial Realty Inc (NYSE:REXR) from Buy to Neutral. In the first quarter, Rexford Industrial Realty showed an EPS of $0.52, compared to $0.48 from the year-ago quarter. The current stock performance of Rexford Industrial Realty shows a 52-week-high of $68.68 and a 52-week-low of $48.80. Moreover, at the end of the last trading period, the closing price was at $50.99.
For Apple Inc (NASDAQ:AAPL), UBS downgraded the previous rating of Buy to Neutral. In the second quarter, Apple showed an EPS of $1.52, compared to $1.52 from the year-ago quarter. The stock has a 52-week-high of $184.95 and a 52-week-low of $124.17. At the end of the last trading period, Apple closed at $183.79.
Keefe, Bruyette & Woods downgraded the previous rating for Radian Group Inc (NYSE:RDN) from Outperform to Market Perform. In the first quarter, Radian Group showed an EPS of $0.98, compared to $1.17 from the year-ago quarter. The stock has a 52-week-high of $26.74 and a 52-week-low of $17.84. At the end of the last trading period, Radian Group closed at $25.92.
For Essent Group Ltd (NYSE:ESNT), Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. For the first quarter, Essent Group had an EPS of $1.59, compared to year-ago quarter EPS of $1.59. At the moment, the stock has a 52-week-high of $47.48 and a 52-week-low of $34.29. Essent Group closed at $46.34 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
With an Outperform rating, Evercore ISI Group initiated coverage on 89bio Inc (NASDAQ:ETNB). The price target seems to have been set at $49.00 for 89bio. In the first quarter, 89bio showed an EPS of $0.54, compared to $1.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.56 and a 52-week-low of $2.94. 89bio closed at $21.19 at the end of the last trading period.
Northcoast Research initiated coverage on Ferguson PLC (NYSE:FERG) with a Buy rating. The price target for Ferguson is set to $178.00. For the third quarter, Ferguson had an EPS of $2.20, compared to year-ago quarter EPS of $2.50. The current stock performance of Ferguson shows a 52-week-high of $151.00 and a 52-week-low of $99.24. Moreover, at the end of the last trading period, the closing price was at $146.23.
With a Buy rating, Northcoast Research initiated coverage on Core & Main Inc (NYSE:CNM). The price target seems to have been set at $40.00 for Core & Main. Core & Main earned $0.50 in the first quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $28.87 and a 52-week-low of $18.79. At the end of the last trading period, Core & Main closed at $28.23.
B of A Securities initiated coverage on Peakstone Realty Trust (NYSE:PKST) with an Underperform rating. The price target for Peakstone Realty Trust is set to $27.00. Peakstone Realty Trust earned $0.68 in the first quarter, compared to $1.41 in the year-ago quarter. The stock has a 52-week-high of $47.00 and a 52-week-low of $8.00. At the end of the last trading period, Peakstone Realty Trust closed at $30.75.
With a Buy rating, Canaccord Genuity initiated coverage on Roblox Corp (NYSE:RBLX). The price target seems to have been set at $48.00 for Roblox. Roblox earned $0.44 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $53.87 and a 52-week-low of $23.89. At the end of the last trading period, Roblox closed at $38.95.
Citigroup initiated coverage on Alight Inc (NYSE:ALIT) with a Buy rating. The price target for Alight is set to $12.00. Alight earned $0.13 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $10.19 and a 52-week-low of $6.31. Alight closed at $8.96 at the end of the last trading period.
With an In-Line rating, Evercore ISI Group initiated coverage on Agilon Health Inc (NYSE:AGL). The price target seems to have been set at $22.50 for Agilon Health. Agilon Health earned $0.04 in the first quarter, compared to $0.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $29.44 and a 52-week-low of $15.00. Agilon Health closed at $21.00 at the end of the last trading period.
Evercore ISI Group initiated coverage on Privia Health Group Inc (NASDAQ:PRVA) with an Outperform rating. The price target for Privia Health Gr is set to $34.00. In the first quarter, Privia Health Gr showed an EPS of $0.16, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.62 and a 52-week-low of $20.64. Privia Health Gr closed at $28.30 at the end of the last trading period.
Oppenheimer initiated coverage on Clarivate PLC (NYSE:CLVT) with an Outperform rating. The price target for Clarivate is set to $11.00. Clarivate earned $0.18 in the first quarter, compared to $0.21 in the year-ago quarter. The current stock performance of Clarivate shows a 52-week-high of $14.99 and a 52-week-low of $7.16. Moreover, at the end of the last trading period, the closing price was at $8.28.
Oppenheimer initiated coverage on Crane NXT Co (NYSE:CXT) with an Outperform rating. The price target for Crane NXT is set to $70.00. The current stock performance of Crane NXT shows a 52-week-high of $57.17 and a 52-week-low of $39.00. Moreover, at the end of the last trading period, the closing price was at $55.78.
Rosenblatt initiated coverage on Xperi Inc (NYSE:XPER) with a Buy rating. The price target for Xperi is set to $15.00. The current stock performance of Xperi shows a 52-week-high of $19.06 and a 52-week-low of $8.15. Moreover, at the end of the last trading period, the closing price was at $12.22.
With a Hold rating, Berenberg initiated coverage on Marqeta Inc (NASDAQ:MQ). The price target seems to have been set at $5.00 for Marqeta. Marqeta earned $0.13 in the first quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $11.28 and a 52-week-low of $3.46. At the end of the last trading period, Marqeta closed at $4.89.
Berenberg initiated coverage on CompoSecure Inc (NASDAQ:CMPO) with a Buy rating. The price target for CompoSecure is set to $13.00. In the first quarter, CompoSecure showed an EPS of $0.23, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $7.90 and a 52-week-low of $4.26. At the end of the last trading period, CompoSecure closed at $6.93.