Benzinga's Top Ratings Upgrades, Downgrades For June 21, 2023
Upgrades
Goldman Sachs upgraded the previous rating for Petroleo Brasileiro SA Petrobras (NYSE:PBR) from Neutral to Buy. Petrobras Brasileiro earned $1.12 in the first quarter, compared to $1.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. Petrobras Brasileiro closed at $14.23 at the end of the last trading period.
According to Morgan Stanley, the prior rating for Quotient Technology Inc (NYSE:QUOT) was changed from Underweight to Equal-Weight. In the first quarter, Quotient Technology showed an EPS of $0.18, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $4.25 and a 52-week-low of $1.68. At the end of the last trading period, Quotient Technology closed at $3.90.
According to Benchmark, the prior rating for LiveRamp Holdings Inc (NYSE:RAMP) was changed from Hold to Buy. In the fourth quarter, LiveRamp Holdings showed an EPS of $0.32, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $30.68 and a 52-week-low of $15.38. At the end of the last trading period, LiveRamp Holdings closed at $26.44.
According to Loop Capital, the prior rating for OneSpaWorld Holdings Ltd (NASDAQ:OSW) was changed from Hold to Buy. For the first quarter, OneSpaWorld Holdings had an EPS of $0.13, compared to year-ago quarter EPS of $0.03. The current stock performance of OneSpaWorld Holdings shows a 52-week-high of $13.00 and a 52-week-low of $6.80. Moreover, at the end of the last trading period, the closing price was at $11.27.
For Adobe Inc (NASDAQ:ADBE), BMO Capital upgraded the previous rating of Market Perform to Outperform. Adobe earned $3.91 in the second quarter, compared to $3.35 in the year-ago quarter. The stock has a 52-week-high of $518.74 and a 52-week-low of $274.80. At the end of the last trading period, Adobe closed at $485.86.
For Pet Valu Holdings Ltd (OTC:PTVLF), National Bank Financial Inc upgraded the previous rating of Sector Perform to Outperform.
According to Wolfe Research, the prior rating for Spotify Technology SA (NYSE:SPOT) was changed from Peer Perform to Outperform. Spotify Technology earned $1.24 in the first quarter, compared to $0.24 in the year-ago quarter. The current stock performance of Spotify Technology shows a 52-week-high of $160.63 and a 52-week-low of $69.41. Moreover, at the end of the last trading period, the closing price was at $156.82.
According to Keybanc, the prior rating for Avangrid Inc (NYSE:AGR) was changed from Underweight to Sector Weight. For the first quarter, Avangrid had an EPS of $0.64, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $51.71 and a 52-week-low of $36.81. Avangrid closed at $37.89 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
According to Northland Capital Markets, the prior rating for Coherent Corp (NYSE:COHR) was changed from Outperform to Market Perform. For the third quarter, Coherent had an EPS of $0.58, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $60.46 and a 52-week-low of $26.29. Coherent closed at $55.31 at the end of the last trading period.
BMO Capital downgraded the previous rating for Xcel Energy Inc (NASDAQ:XEL) from Outperform to Market Perform. In the first quarter, Xcel Energy showed an EPS of $0.76, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $77.63 and a 52-week-low of $56.92. At the end of the last trading period, Xcel Energy closed at $63.07.
Canaccord Genuity downgraded the previous rating for DICE Therapeutics Inc (NASDAQ:DICE) from Buy to Hold. For the first quarter, DICE Therapeutics had an EPS of $0.54, compared to year-ago quarter EPS of $0.50. The current stock performance of DICE Therapeutics shows a 52-week-high of $46.75 and a 52-week-low of $13.34. Moreover, at the end of the last trading period, the closing price was at $46.44.
Exane BNP Paribas downgraded the previous rating for NatWest Group PLC (NYSE:NWG) from Neutral to Underperform. In the first quarter, NatWest Group showed an EPS of $0.31, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $7.79 and a 52-week-low of $4.71. NatWest Group closed at $6.26 at the end of the last trading period.
Rosenblatt downgraded the previous rating for Quotient Technology Inc (NYSE:QUOT) from Buy to Neutral. In the first quarter, Quotient Technology showed an EPS of $0.18, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.25 and a 52-week-low of $1.68. Quotient Technology closed at $3.90 at the end of the last trading period.
For DICE Therapeutics Inc (NASDAQ:DICE), HC Wainwright & Co. downgraded the previous rating of Buy to Neutral. DICE Therapeutics earned $0.54 in the first quarter, compared to $0.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of $46.75 and a 52-week-low of $13.34. DICE Therapeutics closed at $46.44 at the end of the last trading period.
Barclays downgraded the previous rating for Tesla Inc (NASDAQ:TSLA) from Overweight to Equal-Weight. In the first quarter, Tesla showed an EPS of $0.85, compared to $1.07 from the year-ago quarter. The stock has a 52-week-high of $314.67 and a 52-week-low of $101.81. At the end of the last trading period, Tesla closed at $274.45.
According to Rosenblatt, the prior rating for Coherent Corp (NYSE:COHR) was changed from Buy to Neutral. In the third quarter, Coherent showed an EPS of $0.58, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $60.46 and a 52-week-low of $26.29. At the end of the last trading period, Coherent closed at $55.31.
According to Needham, the prior rating for Teleflex Inc (NYSE:TFX) was changed from Buy to Hold. For the first quarter, Teleflex had an EPS of $3.09, compared to year-ago quarter EPS of $2.88. The current stock performance of Teleflex shows a 52-week-high of $276.43 and a 52-week-low of $182.65. Moreover, at the end of the last trading period, the closing price was at $252.98.
For The Beauty Health Co (NASDAQ:SKIN), Stifel downgraded the previous rating of Buy to Hold. Beauty Health earned $0.04 in the first quarter, compared to $0.06 in the year-ago quarter. The current stock performance of Beauty Health shows a 52-week-high of $16.00 and a 52-week-low of $7.71. Moreover, at the end of the last trading period, the closing price was at $8.70.
According to Wolfe Research, the prior rating for Match Group Inc (NASDAQ:MTCH) was changed from Outperform to Peer Perform. For the first quarter, Match Group had an EPS of $0.42, compared to year-ago quarter EPS of $0.60. The current stock performance of Match Group shows a 52-week-high of $79.35 and a 52-week-low of $30.73. Moreover, at the end of the last trading period, the closing price was at $42.42.
According to Wolfe Research, the prior rating for Peloton Interactive Inc (NASDAQ:PTON) was changed from Peer Perform to Underperform. Peloton Interactive earned $0.79 in the third quarter, compared to $1.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.83 and a 52-week-low of $6.62. Peloton Interactive closed at $8.26 at the end of the last trading period.
For Constellation Energy Corp (NASDAQ:CEG), Keybanc downgraded the previous rating of Overweight to Sector Weight. For the first quarter, Constellation Energy had an EPS of $0.29, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $97.77 and a 52-week-low of $52.65. Constellation Energy closed at $91.99 at the end of the last trading period.
See all analyst ratings downgrades.
Initiations
Northland Capital Markets initiated coverage on CSG Systems International Inc (NASDAQ:CSGS) with an Outperform rating. The price target for CSG Systems Intl is set to $82.00. CSG Systems Intl earned $1.04 in the first quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $65.91 and a 52-week-low of $47.03. CSG Systems Intl closed at $50.74 at the end of the last trading period.
For Centessa Pharmaceuticals PLC (NASDAQ:CNTA), Evercore ISI Group initiated coverage, by setting the current rating at Outperform. Centessa Pharmaceuticals earned $0.53 in the first quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.95 and a 52-week-low of $3.00. Centessa Pharmaceuticals closed at $5.50 at the end of the last trading period.
With a Buy rating, Craig-Hallum initiated coverage on Semtech Corp (NASDAQ:SMTC). The price target seems to have been set at $35.00 for Semtech. For the first quarter, Semtech had an EPS of $0.02, compared to year-ago quarter EPS of $0.80. The stock has a 52-week-high of $65.51 and a 52-week-low of $17.82. At the end of the last trading period, Semtech closed at $22.61.
Citigroup initiated coverage on Everest Re Group Ltd (NYSE:RE) with a Buy rating. The price target for Everest Re Group is set to $406.00. Everest Re Group earned $11.31 in the first quarter, compared to $10.31 in the year-ago quarter. The current stock performance of Everest Re Group shows a 52-week-high of $395.00 and a 52-week-low of $244.67. Moreover, at the end of the last trading period, the closing price was at $352.74.
With a Buy rating, BTIG initiated coverage on Tidewater Inc (NYSE:TDW). The price target seems to have been set at $75.00 for Tidewater. For the first quarter, Tidewater had an EPS of $0.23, compared to year-ago quarter EPS of $0.28. The current stock performance of Tidewater shows a 52-week-high of $51.88 and a 52-week-low of $17.55. Moreover, at the end of the last trading period, the closing price was at $45.63.
DA Davidson initiated coverage on Private Bancorp of America Inc (OTC:PBAM) with a Buy rating. The price target for Private Bancorp is set to $39.00.
DA Davidson initiated coverage on California Bancorp (NASDAQ:CALB) with a Buy rating. The price target for California Bancorp is set to $25.00. California Bancorp earned $0.64 in the first quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $26.17 and a 52-week-low of $12.78. At the end of the last trading period, California Bancorp closed at $14.34.
DA Davidson initiated coverage on Southern Calif Bancorp (NASDAQ:BCAL) with a Buy rating. The price target for Southern Calif Bancorp is set to $17.00.
DA Davidson initiated coverage on Avidbank Holdings Inc (OTC:AVBH) with a Buy rating. The price target for Avidbank Holdings is set to $24.00.
With an Outperform rating, RBC Capital initiated coverage on Avantor Inc (NYSE:AVTR). The price target seems to have been set at $27.00 for Avantor. In the first quarter, Avantor showed an EPS of $0.29, compared to $0.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.76 and a 52-week-low of $17.92. Avantor closed at $19.65 at the end of the last trading period.
With an Overweight rating, JP Morgan initiated coverage on Tyler Technologies Inc (NYSE:TYL). The price target seems to have been set at $472.00 for Tyler Technologies. In the first quarter, Tyler Technologies showed an EPS of $1.76, compared to $1.90 from the year-ago quarter. The current stock performance of Tyler Technologies shows a 52-week-high of $424.89 and a 52-week-low of $281.32. Moreover, at the end of the last trading period, the closing price was at $391.66.
Roth MKM initiated coverage on FiscalNote Holdings Inc (NYSE:NOTE) with a Buy rating. The price target for FiscalNote Holdings is set to $4.75. The current stock performance of FiscalNote Holdings shows a 52-week-high of $12.26 and a 52-week-low of $1.31. Moreover, at the end of the last trading period, the closing price was at $3.42.
Wolfe Research initiated coverage on Duolingo Inc (NASDAQ:DUOL) with a Peer Perform rating. For the first quarter, Duolingo had an EPS of $0.06, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $168.40 and a 52-week-low of $64.73. Duolingo closed at $150.20 at the end of the last trading period.