Benzinga's Top Ratings Upgrades, Downgrades For June 22, 2023

Upgrades

For DiaMedica Therapeutics Inc (NASDAQ:DMAC), Oppenheimer upgraded the previous rating of Perform to Outperform. In the first quarter, DiaMedica Therapeutics showed an EPS of $0.20, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.05 and a 52-week-low of $1.12. DiaMedica Therapeutics closed at $3.64 at the end of the last trading period.

For Kellogg Co (NYSE:K), Bernstein upgraded the previous rating of Underperform to Market Perform. For the first quarter, Kellogg had an EPS of $1.10, compared to year-ago quarter EPS of $1.10. At the moment, the stock has a 52-week-high of $77.16 and a 52-week-low of $63.74. Kellogg closed at $65.24 at the end of the last trading period.

For Agree Realty Corp (NYSE:ADC), Mizuho upgraded the previous rating of Neutral to Buy. Agree Realty earned $0.98 in the first quarter, compared to $0.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of $80.41 and a 52-week-low of $63.34. Agree Realty closed at $65.19 at the end of the last trading period.

For Grab Holdings Inc (NASDAQ:GRAB), JP Morgan upgraded the previous rating of Underweight to Neutral. In the first quarter, Grab Hldgs showed an EPS of $0.06, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.03 and a 52-week-low of $2.19. Grab Hldgs closed at $3.39 at the end of the last trading period.

For XP Inc (NASDAQ:XP), B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, XP had an EPS of $0.28, compared to year-ago quarter EPS of $0.28. The current stock performance of XP shows a 52-week-high of $25.18 and a 52-week-low of $10.30. Moreover, at the end of the last trading period, the closing price was at $24.52.

See all analyst ratings upgrades.

Downgrades

For Dow Inc (NYSE:DOW), B of A Securities downgraded the previous rating of Neutral to Underperform. For the first quarter, Dow had an EPS of $0.58, compared to year-ago quarter EPS of $2.34. At the moment, the stock has a 52-week-high of $60.88 and a 52-week-low of $42.92. Dow closed at $51.88 at the end of the last trading period.

For The AES Corp (NYSE:AES), B of A Securities downgraded the previous rating of Buy to Neutral. In the first quarter, AES showed an EPS of $0.22, compared to $0.21 from the year-ago quarter. The current stock performance of AES shows a 52-week-high of $29.87 and a 52-week-low of $18.91. Moreover, at the end of the last trading period, the closing price was at $20.98.

For Celanese Corp (NYSE:CE), B of A Securities downgraded the previous rating of Buy to Neutral. Celanese earned $2.01 in the first quarter, compared to $5.54 in the year-ago quarter. The stock has a 52-week-high of $128.35 and a 52-week-low of $86.73. At the end of the last trading period, Celanese closed at $108.52.

For The Chemours Co (NYSE:CC), B of A Securities downgraded the previous rating of Buy to Neutral. Chemours earned $0.98 in the first quarter, compared to $1.46 in the year-ago quarter. The stock has a 52-week-high of $38.34 and a 52-week-low of $23.60. At the end of the last trading period, Chemours closed at $33.95.

For Enphase Energy Inc (NASDAQ:ENPH), OTR Global downgraded the previous rating of Mixed to Negative. For the first quarter, Enphase Energy had an EPS of $1.37, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $152.15. Enphase Energy closed at $167.99 at the end of the last trading period.

According to BMO Capital, the prior rating for Xcel Energy Inc (NASDAQ:XEL) was changed from Outperform to Market Perform. Xcel Energy earned $0.76 in the first quarter, compared to $0.70 in the year-ago quarter. At the moment, the stock has a 52-week-high of $77.63 and a 52-week-low of $56.92. Xcel Energy closed at $62.81 at the end of the last trading period.

According to Oppenheimer, the prior rating for Equinix Inc (NASDAQ:EQIX) was changed from Outperform to Perform. For the first quarter, Equinix had an EPS of $8.59, compared to year-ago quarter EPS of $7.16. The current stock performance of Equinix shows a 52-week-high of $792.02 and a 52-week-low of $495.11. Moreover, at the end of the last trading period, the closing price was at $768.00.

According to Morgan Stanley, the prior rating for Tesla Inc (NASDAQ:TSLA) was changed 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. At the moment, the stock has a 52-week-high of $314.67 and a 52-week-low of $101.81. Tesla closed at $259.46 at the end of the last trading period.

Baird downgraded the previous rating for Mercury Systems Inc (NASDAQ:MRCY) from Outperform to Neutral. Mercury Sys earned $0.40 in the third quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $65.41 and a 52-week-low of $34.13. Mercury Sys closed at $38.10 at the end of the last trading period.

For Eneti Inc (NYSE:NETI), Citigroup downgraded the previous rating of Buy to Neutral. Eneti earned $0.48 in the first quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.46 and a 52-week-low of $5.13. Eneti closed at $11.89 at the end of the last trading period.

According to New Street Research, the prior rating for PagSeguro Digital Ltd (NYSE:PAGS) was changed from Buy to Neutral. For the first quarter, PagSeguro Digital had an EPS of $0.23, compared to year-ago quarter EPS of $0.21. The current stock performance of PagSeguro Digital shows a 52-week-high of $19.49 and a 52-week-low of $7.51. Moreover, at the end of the last trading period, the closing price was at $10.87.

Piper Sandler downgraded the previous rating for DigitalOcean Holdings Inc (NYSE:DOCN) from Neutral to Underweight. In the first quarter, DigitalOcean Holdings showed an EPS of $0.28, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $53.86 and a 52-week-low of $23.39. DigitalOcean Holdings closed at $41.38 at the end of the last trading period.

For Alcoa Corp (NYSE:AA), Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. For the first quarter, Alcoa had an EPS of $0.23, compared to year-ago quarter EPS of $3.06. The stock has a 52-week-high of $58.19 and a 52-week-low of $31.14. At the end of the last trading period, Alcoa closed at $34.91.

See all analyst ratings downgrades.

Initiations

With a Hold rating, Deutsche Bank initiated coverage on Iridium Communications Inc (NASDAQ:IRDM). The price target seems to have been set at $61.00 for Iridium Comms. In the first quarter, Iridium Comms showed an EPS of $0.08, compared to $0.02 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 $36.42. Moreover, at the end of the last trading period, the closing price was at $61.48.

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. For the first quarter, Everest Re Group had an EPS of $11.31, compared to year-ago quarter EPS of $10.31. At the moment, the stock has a 52-week-high of $395.00 and a 52-week-low of $244.67. Everest Re Group closed at $351.85 at the end of the last trading period.

With a Buy rating, Guggenheim initiated coverage on Zura Bio Ltd (NASDAQ:ZURA). The price target seems to have been set at $20.00 for Zura Bio. The stock has a 52-week-high of $37.55 and a 52-week-low of $4.87. At the end of the last trading period, Zura Bio closed at $11.62.

Cantor Fitzgerald initiated coverage on Humacyte Inc (NASDAQ:HUMA) with an Overweight rating. The price target for Humacyte is set to $6.00. For the first quarter, Humacyte had an EPS of $0.36, compared to year-ago quarter EPS of $0.19. The current stock performance of Humacyte shows a 52-week-high of $5.60 and a 52-week-low of $1.96. Moreover, at the end of the last trading period, the closing price was at $2.89.

Benchmark initiated coverage on FingerMotion Inc (NASDAQ:FNGR) with a Buy rating. The price target for FingerMotion is set to $5.00. For the fourth quarter, FingerMotion had an EPS of $0.04, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $9.79 and a 52-week-low of $0.62. At the end of the last trading period, FingerMotion closed at $2.89.

B. Riley Securities initiated coverage on Outbrain Inc (NASDAQ:OB) with a Neutral rating. The price target for Outbrain is set to $5.00. In the first quarter, Outbrain showed an EPS of $0.09, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.92 and a 52-week-low of $3.34. Outbrain closed at $4.80 at the end of the last trading period.

With a Buy rating, B. Riley Securities initiated coverage on Taboola.com Ltd (NASDAQ:TBLA). The price target seems to have been set at $5.00 for Taboola.com. Taboola.com earned $0.01 in the first quarter, compared to $0.02 in the year-ago quarter. The current stock performance of Taboola.com shows a 52-week-high of $4.45 and a 52-week-low of $1.52. Moreover, at the end of the last trading period, the closing price was at $2.89.

With a Buy rating, Mizuho initiated coverage on Terns Pharmaceuticals Inc (NASDAQ:TERN). The price target seems to have been set at $16.00 for Terns Pharma. Terns Pharma earned $0.31 in the first quarter, compared to $0.55 in the year-ago quarter. The stock has a 52-week-high of $14.04 and a 52-week-low of $1.79. At the end of the last trading period, Terns Pharma closed at $11.86.

With a Buy rating, Stifel initiated coverage on Pembina Pipeline Corp (NYSE:PBA). The price target seems to have been set at $51.00 for Pembina Pipeline. For the first quarter, Pembina Pipeline had an EPS of $0.45, compared to year-ago quarter EPS of $0.64. The current stock performance of Pembina Pipeline shows a 52-week-high of $38.27 and a 52-week-low of $29.59. Moreover, at the end of the last trading period, the closing price was at $30.96.

With a Neutral rating, B. Riley Securities initiated coverage on trivago NV (NASDAQ:TRVG). The price target seems to have been set at $2.00 for trivago. trivago earned $0.03 in the first quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $2.03 and a 52-week-low of $0.93. At the end of the last trading period, trivago closed at $1.15.

B. Riley Securities initiated coverage on Despegar.com Corp (NYSE:DESP) with a Buy rating. The price target for Despegar.com is set to $10.00. Despegar.com earned $0.10 in the first quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Despegar.com shows a 52-week-high of $9.10 and a 52-week-low of $4.45. Moreover, at the end of the last trading period, the closing price was at $6.98.

With a Buy rating, B. Riley Securities initiated coverage on TripAdvisor Inc (NASDAQ:TRIP). The price target seems to have been set at $25.00 for TripAdvisor. In the first quarter, TripAdvisor showed an EPS of $0.05, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $28.05 and a 52-week-low of $14.38. At the end of the last trading period, TripAdvisor closed at $16.11.

With a Buy rating, DA Davidson initiated coverage on The Toro Co (NYSE:TTC). The price target seems to have been set at $117.00 for Toro. In the second quarter, Toro showed an EPS of $1.58, compared to $1.25 from the year-ago quarter. The stock has a 52-week-high of $117.66 and a 52-week-low of $72.06. At the end of the last trading period, Toro closed at $97.79.

B. Riley Securities initiated coverage on Expedia Group Inc (NASDAQ:EXPE) with a Buy rating. The price target for Expedia Group is set to $160.00. In the first quarter, Expedia Group showed an EPS of $0.20, compared to $0.47 from the year-ago quarter. The current stock performance of Expedia Group shows a 52-week-high of $124.95 and a 52-week-low of $82.39. Moreover, at the end of the last trading period, the closing price was at $105.01.

DA Davidson initiated coverage on Caterpillar Inc (NYSE:CAT) with a Neutral rating. The price target for Caterpillar is set to $263.00. In the first quarter, Caterpillar showed an EPS of $4.91, compared to $2.88 from the year-ago quarter. The current stock performance of Caterpillar shows a 52-week-high of $266.04 and a 52-week-low of $160.66. Moreover, at the end of the last trading period, the closing price was at $241.48.

Stifel initiated coverage on PPL Corp (NYSE:PPL) with a Buy rating. The price target for PPL is set to $51.00. In the first quarter, PPL showed an EPS of $0.48, compared to $0.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.74 and a 52-week-low of $23.47. PPL closed at $26.89 at the end of the last trading period.

Roth MKM initiated coverage on Bunge Ltd (NYSE:BG) with a Buy rating. The price target for Bunge is set to $138.00. For the first quarter, Bunge had an EPS of $3.26, compared to year-ago quarter EPS of $4.26. At the moment, the stock has a 52-week-high of $106.99 and a 52-week-low of $80.47. Bunge closed at $91.82 at the end of the last trading period.

With a Buy rating, Roth MKM initiated coverage on Andersons Inc (NASDAQ:ANDE). The price target seems to have been set at $55.00 for Andersons. Andersons earned $0.20 in the first quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $46.48 and a 52-week-low of $29.38. At the end of the last trading period, Andersons closed at $44.97.

With a Buy rating, Roth MKM initiated coverage on Archer-Daniels Midland Co (NYSE:ADM). The price target seems to have been set at $92.00 for Archer-Daniels Midland. In the first quarter, Archer-Daniels Midland showed an EPS of $2.09, compared to $1.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $98.28 and a 52-week-low of $69.92. Archer-Daniels Midland closed at $73.46 at the end of the last trading period.

With an Outperform rating, Wedbush initiated coverage on TScan Therapeutics Inc (NASDAQ:TCRX). The price target seems to have been set at $8.00 for TScan Therapeutics. In the first quarter, TScan Therapeutics showed an EPS of $0.93, compared to $0.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.03 and a 52-week-low of $1.47. TScan Therapeutics closed at $2.84 at the end of the last trading period.

See all analyst ratings initiations.