Benzinga's Top Ratings Upgrades, Downgrades For June 20, 2023
Upgrades
Tudor Pickering upgraded the previous rating for EQT Corp (NYSE:EQT) from Hold to Buy. EQT earned $1.70 in the first quarter, compared to $0.81 in the year-ago quarter. At the moment, the stock has a 52-week-high of $51.95 and a 52-week-low of $28.11. EQT closed at $39.64 at the end of the last trading period.
According to Wells Fargo, the prior rating for Ball Corp (NYSE:BALL) was changed from Underweight to Equal-Weight. Ball earned $0.69 in the first quarter, compared to $1.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $74.34 and a 52-week-low of $46.00. Ball closed at $58.43 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for Avis Budget Group Inc (NASDAQ:CAR) from Equal-Weight to Overweight. Avis Budget Gr earned $7.72 in the first quarter, compared to $9.99 in the year-ago quarter. The current stock performance of Avis Budget Gr shows a 52-week-high of $251.26 and a 52-week-low of $131.85. Moreover, at the end of the last trading period, the closing price was at $204.29.
According to Morgan Stanley, the prior rating for US Foods Holding Corp (NYSE:USFD) was changed from Equal-Weight to Overweight. In the first quarter, US Foods Hldg showed an EPS of $0.50, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $42.36 and a 52-week-low of $25.55. At the end of the last trading period, US Foods Hldg closed at $41.65.
According to Morgan Stanley, the prior rating for Baidu Inc (NASDAQ:BIDU) was changed from Equal-Weight to Overweight. In the first quarter, Baidu showed an EPS of $2.34, compared to $1.77 from the year-ago quarter. The current stock performance of Baidu shows a 52-week-high of $160.88 and a 52-week-low of $73.59. Moreover, at the end of the last trading period, the closing price was at $145.11.
Credit Suisse upgraded the previous rating for Studio City International Holdings Ltd (NYSE:MSC) from Neutral to Outperform. In the first quarter, Studio City Intl Hldgs showed an EPS of $0.17, compared to $0.54 from the year-ago quarter.
According to Credit Suisse, the prior rating for Melco Resorts and Entertainment Ltd (NASDAQ:MLCO) was changed from Neutral to Outperform. Melco Resorts and Enter earned $0.14 in the first quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.46 and a 52-week-low of $4.70. Melco Resorts and Enter closed at $12.52 at the end of the last trading period.
JMP Securities upgraded the previous rating for EPR Properties (NYSE:EPR) from Market Perform to Market Outperform. For the first quarter, EPR Props had an EPS of $1.26, compared to year-ago quarter EPS of $1.10. The stock has a 52-week-high of $55.90 and a 52-week-low of $33.92. At the end of the last trading period, EPR Props closed at $45.80.
For Philip Morris International Inc (NYSE:PM), Citigroup upgraded the previous rating of Neutral to Buy. Philip Morris Intl earned $1.38 in the first quarter, compared to $1.58 in the year-ago quarter. The current stock performance of Philip Morris Intl shows a 52-week-high of $105.62 and a 52-week-low of $82.85. Moreover, at the end of the last trading period, the closing price was at $94.89.
Keybanc upgraded the previous rating for Universal Stainless & Alloy Products Inc (NASDAQ:USAP) from Sector Weight to Overweight. In the first quarter, Universal Stainless showed an EPS of $0.06, compared to $0.18 from the year-ago quarter. The current stock performance of Universal Stainless shows a 52-week-high of $12.34 and a 52-week-low of $6.56. Moreover, at the end of the last trading period, the closing price was at $12.00.
See all analyst ratings upgrades.
Downgrades
For Nike Inc (NYSE:NKE), OTR Global downgraded the previous rating of Positive to Mixed. Nike earned $0.79 in the third quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $131.31 and a 52-week-low of $82.24. Nike closed at $113.59 at the end of the last trading period.
For Portland General Electric Co (NYSE:POR), Guggenheim downgraded the previous rating of Buy to Neutral. Portland Gen Electric earned $0.80 in the first quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $56.26 and a 52-week-low of $41.68. At the end of the last trading period, Portland Gen Electric closed at $48.67.
Wedbush downgraded the previous rating for Surface Oncology Inc (NASDAQ:SURF) from Outperform to Neutral. Surface Oncology earned $0.33 in the first quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.14 and a 52-week-low of $0.56. Surface Oncology closed at $0.79 at the end of the last trading period.
Baird downgraded the previous rating for Surface Oncology Inc (NASDAQ:SURF) from Outperform to Neutral. Surface Oncology earned $0.33 in the first quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Surface Oncology shows a 52-week-high of $2.14 and a 52-week-low of $0.56. Moreover, at the end of the last trading period, the closing price was at $0.79.
Morgan Stanley downgraded the previous rating for Performance Food Group Co (NYSE:PFGC) from Overweight to Equal-Weight. In the third quarter, Performance Food Gr showed an EPS of $0.83, compared to $0.51 from the year-ago quarter. The stock has a 52-week-high of $63.22 and a 52-week-low of $38.81. At the end of the last trading period, Performance Food Gr closed at $56.31.
For Surface Oncology Inc (NASDAQ:SURF), HC Wainwright & Co. downgraded the previous rating of Buy to Neutral. Surface Oncology earned $0.33 in the first quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Surface Oncology shows a 52-week-high of $2.14 and a 52-week-low of $0.56. Moreover, at the end of the last trading period, the closing price was at $0.79.
Raymond James downgraded the previous rating for Palantir Technologies Inc (NYSE:PLTR) from Strong Buy to Outperform. In the first quarter, Palantir Technologies showed an EPS of $0.05, compared to $0.02 from the year-ago quarter. The current stock performance of Palantir Technologies shows a 52-week-high of $17.16 and a 52-week-low of $5.84. Moreover, at the end of the last trading period, the closing price was at $16.30.
Goldman Sachs downgraded the previous rating for Gates Industrial Corp PLC (NYSE:GTES) from Buy to Neutral. Gates Industrial Corp earned $0.25 in the first quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.93 and a 52-week-low of $9.44. Gates Industrial Corp closed at $13.04 at the end of the last trading period.
According to RBC Capital, the prior rating for Abcam PLC (NASDAQ:ABCM) was changed from Outperform to Sector Perform. NoneThe current stock performance of Abcam shows a 52-week-high of $22.54 and a 52-week-low of $12.48. Moreover, at the end of the last trading period, the closing price was at $22.31.
Jefferies downgraded the previous rating for Milestone Pharmaceuticals Inc (NASDAQ:MIST) from Buy to Hold. For the first quarter, Milestone Pharmaceuticals had an EPS of $0.35, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $9.80 and a 52-week-low of $3.10. Milestone Pharmaceuticals closed at $3.50 at the end of the last trading period.
For Public Service Enterprise Group Inc (NYSE:PEG), Seaport Global downgraded the previous rating of Buy to Neutral. For the first quarter, Public Service Enterprise had an EPS of $1.39, compared to year-ago quarter EPS of $1.33. At the moment, the stock has a 52-week-high of $69.90 and a 52-week-low of $52.53. Public Service Enterprise closed at $62.54 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
With a Buy rating, ThinkEquity initiated coverage on G Medical Innovations Holdings Ltd (NASDAQ:GMVD). The price target seems to have been set at $4.00 for G Medical Innovations. NoneThe stock has a 52-week-high of $41.30 and a 52-week-low of $0.34. At the end of the last trading period, G Medical Innovations closed at $0.38.
Roth MKM initiated coverage on Tigo Energy Inc (NASDAQ:TYGO) with a Buy rating. The price target for Tigo Energy is set to $21.00. At the moment, the stock has a 52-week-high of $27.00 and a 52-week-low of $9.69. Tigo Energy closed at $16.20 at the end of the last trading period.
Craig-Hallum initiated coverage on Tigo Energy Inc (NASDAQ:TYGO) with a Buy rating. The price target for Tigo Energy is set to $28.00. At the moment, the stock has a 52-week-high of $27.00 and a 52-week-low of $9.69. Tigo Energy closed at $16.20 at the end of the last trading period.
With an Outperform rating, Baird initiated coverage on Regenxbio Inc (NASDAQ:RGNX). The price target seems to have been set at $42.00 for Regenxbio. For the first quarter, Regenxbio had an EPS of $1.53, compared to year-ago quarter EPS of $1.79. At the moment, the stock has a 52-week-high of $35.55 and a 52-week-low of $17.02. Regenxbio closed at $19.88 at the end of the last trading period.
Wells Fargo initiated coverage on Atmus Filtration Technologies Inc (NYSE:ATMU) with an Overweight rating. The price target for Atmus Filtration Techs is set to $24.00. The stock has a 52-week-high of $22.50 and a 52-week-low of $19.10. At the end of the last trading period, Atmus Filtration Techs closed at $19.52.
BMO Capital initiated coverage on Bravo Multinational Inc (OTC:BRVO) with an Outperform rating. The price target for Bravo Multinational is set to $5.50.
With a Equal-Weight rating, Morgan Stanley initiated coverage on Progressive Corp (NYSE:PGR). The price target seems to have been set at $135.00 for Progressive. For the first quarter, Progressive had an EPS of $0.65, compared to year-ago quarter EPS of $1.11. The current stock performance of Progressive shows a 52-week-high of $149.87 and a 52-week-low of $108.67. Moreover, at the end of the last trading period, the closing price was at $129.99.
Morgan Stanley initiated coverage on Marsh & McLennan Companies Inc (NYSE:MMC) with a Equal-Weight rating. The price target for Marsh & McLennan is set to $202.00. In the first quarter, Marsh & McLennan showed an EPS of $2.53, compared to $2.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $182.67 and a 52-week-low of $143.37. Marsh & McLennan closed at $181.15 at the end of the last trading period.
Morgan Stanley initiated coverage on RenaissanceRe Holdings Ltd (NYSE:RNR) with a Equal-Weight rating. The price target for RenaissanceRe Holdings is set to $222.00. RenaissanceRe Holdings earned $8.16 in the first quarter, compared to $3.50 in the year-ago quarter. The stock has a 52-week-high of $223.80 and a 52-week-low of $124.20. At the end of the last trading period, RenaissanceRe Holdings closed at $191.83.
EF Hutton initiated coverage on CalciMedica Inc (NASDAQ:CALC) with a Buy rating. The price target for CalciMedica is set to $17.00.
Morgan Stanley initiated coverage on The Hartford Financial Services Group Inc (NYSE:HIG) with a Equal-Weight rating. The price target for Hartford Finl Servs Gr is set to $71.00. In the first quarter, Hartford Finl Servs Gr showed an EPS of $1.68, compared to $1.66 from the year-ago quarter. The stock has a 52-week-high of $79.44 and a 52-week-low of $60.19. At the end of the last trading period, Hartford Finl Servs Gr closed at $71.88.
With a Equal-Weight rating, Morgan Stanley initiated coverage on The Travelers Companies Inc (NYSE:TRV). The price target seems to have been set at $185.00 for Travelers Companies. For the first quarter, Travelers Companies had an EPS of $4.11, compared to year-ago quarter EPS of $4.22. The stock has a 52-week-high of $194.51 and a 52-week-low of $149.68. At the end of the last trading period, Travelers Companies closed at $176.75.
Morgan Stanley initiated coverage on Chubb Ltd (NYSE:CB) with a Equal-Weight rating. The price target for Chubb is set to $192.00. For the first quarter, Chubb had an EPS of $4.41, compared to year-ago quarter EPS of $3.83. The stock has a 52-week-high of $231.37 and a 52-week-low of $173.88. At the end of the last trading period, Chubb closed at $194.94.
Morgan Stanley initiated coverage on Willis Towers Watson PLC (NASDAQ:WTW) with a Equal-Weight rating. The price target for Willis Towers Watson is set to $251.00. In the first quarter, Willis Towers Watson showed an EPS of $2.84, compared to $2.66 from the year-ago quarter. The stock has a 52-week-high of $258.93 and a 52-week-low of $187.89. At the end of the last trading period, Willis Towers Watson closed at $235.00.
Morgan Stanley initiated coverage on Aon PLC (NYSE:AON) with a Equal-Weight rating. The price target for Aon is set to $340.00. Aon earned $5.17 in the first quarter, compared to $4.83 in the year-ago quarter. The stock has a 52-week-high of $338.27 and a 52-week-low of $246.51. At the end of the last trading period, Aon closed at $329.38.
With a Equal-Weight rating, Morgan Stanley initiated coverage on Allstate Corp (NYSE:ALL). The price target seems to have been set at $117.00 for Allstate. Allstate earned $1.30 in the first quarter, compared to $2.58 in the year-ago quarter. At the moment, the stock has a 52-week-high of $142.15 and a 52-week-low of $103.20. Allstate closed at $111.17 at the end of the last trading period.
Morgan Stanley initiated coverage on American International Group Inc (NYSE:AIG) with a Equal-Weight rating. The price target for American Intl Gr is set to $57.00. For the first quarter, American Intl Gr had an EPS of $1.63, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $64.88 and a 52-week-low of $45.66. At the end of the last trading period, American Intl Gr closed at $57.30.
For Confluent Inc (NASDAQ:CFLT), Wolfe Research initiated coverage, by setting the current rating at Peer Perform. Confluent earned $0.09 in the first quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.51 and a 52-week-low of $16.60. Confluent closed at $34.69 at the end of the last trading period.
For GitLab Inc (NASDAQ:GTLB), Wolfe Research initiated coverage, by setting the current rating at Peer Perform. In the first quarter, GitLab showed an EPS of $0.06, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.91 and a 52-week-low of $26.24. GitLab closed at $51.24 at the end of the last trading period.
With a Buy rating, Redburn Partners initiated coverage on ManpowerGroup Inc (NYSE:MAN). The price target seems to have been set at $94.00 for ManpowerGroup. ManpowerGroup earned $1.61 in the first quarter, compared to $1.88 in the year-ago quarter. At the moment, the stock has a 52-week-high of $92.43 and a 52-week-low of $64.10. ManpowerGroup closed at $76.56 at the end of the last trading period.
With an Outperform rating, Baird initiated coverage on Atmus Filtration Technologies Inc (NYSE:ATMU). The price target seems to have been set at $24.00 for Atmus Filtration Techs. At the moment, the stock has a 52-week-high of $22.50 and a 52-week-low of $19.10. Atmus Filtration Techs closed at $19.52 at the end of the last trading period.
With a Neutral rating, Redburn Partners initiated coverage on Robert Half International Inc (NYSE:RHI). The price target seems to have been set at $76.00 for Robert Half International. Robert Half International earned $1.14 in the first quarter, compared to $1.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $89.78 and a 52-week-low of $64.65. Robert Half International closed at $73.42 at the end of the last trading period.
With an Overweight rating, Morgan Stanley initiated coverage on Everest Re Group Ltd (NYSE:RE). The price target seems to have been set at $429.00 for Everest Re Group. Everest Re Group earned $11.31 in the first quarter, compared to $10.31 in 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 $352.35.
UBS initiated coverage on Molina Healthcare Inc (NYSE:MOH) with a Neutral rating. The price target for Molina Healthcare is set to $310.00. For the first quarter, Molina Healthcare had an EPS of $5.81, compared to year-ago quarter EPS of $4.90. The stock has a 52-week-high of $373.78 and a 52-week-low of $250.24. At the end of the last trading period, Molina Healthcare closed at $278.02.
With a Neutral rating, UBS initiated coverage on Centene Corp (NYSE:CNC). The price target seems to have been set at $72.00 for Centene. Centene earned $2.11 in the first quarter, compared to $1.83 in the year-ago quarter. The current stock performance of Centene shows a 52-week-high of $98.50 and a 52-week-low of $61.34. Moreover, at the end of the last trading period, the closing price was at $65.66.
Morgan Stanley initiated coverage on Lemonade Inc (NYSE:LMND) with an Underweight rating. The price target for Lemonade is set to $14.00. Lemonade earned $0.95 in the first quarter, compared to $1.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.97 and a 52-week-low of $10.29. Lemonade closed at $19.70 at the end of the last trading period.
With an Overweight rating, Morgan Stanley initiated coverage on Arch Capital Group Ltd (NASDAQ:ACGL). The price target seems to have been set at $92.00 for Arch Capital Group. Arch Capital Group earned $1.73 in the first quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $78.30 and a 52-week-low of $41.05. Arch Capital Group closed at $71.16 at the end of the last trading period.
B of A Securities initiated coverage on Atmus Filtration Technologies Inc (NYSE:ATMU) with a Buy rating. The price target for Atmus Filtration Techs is set to $25.00. The current stock performance of Atmus Filtration Techs shows a 52-week-high of $22.50 and a 52-week-low of $19.10. Moreover, at the end of the last trading period, the closing price was at $19.52.
HC Wainwright & Co. initiated coverage on Calliditas Therapeutics AB (NASDAQ:CALT) with a Buy rating. The price target for Calliditas Therapeutics is set to $60.00. Calliditas Therapeutics earned $0.33 in the first quarter, compared to $0.85 in the year-ago quarter.
Goldman Sachs initiated coverage on Atmus Filtration Technologies Inc (NYSE:ATMU) with a Buy rating. The price target for Atmus Filtration Techs is set to $30.00. The stock has a 52-week-high of $22.50 and a 52-week-low of $19.10. At the end of the last trading period, Atmus Filtration Techs closed at $19.52.
BMO Capital initiated coverage on Entegris Inc (NASDAQ:ENTG) with an Outperform rating. The price target for Entegris is set to $129.00. For the first quarter, Entegris had an EPS of $0.65, compared to year-ago quarter EPS of $1.06. The stock has a 52-week-high of $114.47 and a 52-week-low of $61.77. At the end of the last trading period, Entegris closed at $106.51.
With an Outperform rating, BMO Capital initiated coverage on Element Solutions Inc (NYSE:ESI). The price target seems to have been set at $23.00 for Element Solutions. For the first quarter, Element Solutions had an EPS of $0.30, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $21.90 and a 52-week-low of $15.32. At the end of the last trading period, Element Solutions closed at $18.96.
JP Morgan initiated coverage on Atmus Filtration Technologies Inc (NYSE:ATMU) with an Overweight rating. The price target for Atmus Filtration Techs is set to $28.00. The stock has a 52-week-high of $22.50 and a 52-week-low of $19.10. At the end of the last trading period, Atmus Filtration Techs closed at $19.52.
Oppenheimer initiated coverage on Galecto Inc (NASDAQ:GLTO) with an Outperform rating. The price target for Galecto is set to $12.00. Galecto earned $0.51 in the first quarter, compared to $0.67 in the year-ago quarter. The current stock performance of Galecto shows a 52-week-high of $2.95 and a 52-week-low of $1.06. Moreover, at the end of the last trading period, the closing price was at $2.84.