Benzinga's Top Ratings Upgrades, Downgrades For June 27, 2023
Upgrades
According to Evercore ISI Group, the prior rating for Saia Inc (NASDAQ:SAIA) was changed from In-Line to Outperform. Saia earned $2.85 in the first quarter, compared to $2.98 in the year-ago quarter. The stock has a 52-week-high of $330.87 and a 52-week-low of $175.68. At the end of the last trading period, Saia closed at $322.53.
Northcoast Research upgraded the previous rating for Wingstop Inc (NASDAQ:WING) from Neutral to Buy. In the first quarter, Wingstop showed an EPS of $0.59, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $223.77 and a 52-week-low of $72.18. Wingstop closed at $188.75 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for Sunstone Hotel Investors Inc (NYSE:SHO) from Underweight to Equal-Weight. For the first quarter, Sunstone Hotel Invts had an EPS of $0.21, compared to year-ago quarter EPS of $0.08. The current stock performance of Sunstone Hotel Invts shows a 52-week-high of $12.33 and a 52-week-low of $8.60. Moreover, at the end of the last trading period, the closing price was at $9.61.
According to JP Morgan, the prior rating for Coterra Energy Inc (NYSE:CTRA) was changed from Neutral to Overweight. In the first quarter, Coterra Energy showed an EPS of $0.87, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.46 and a 52-week-low of $22.25. Coterra Energy closed at $23.96 at the end of the last trading period.
For Guidewire Software Inc (NYSE:GWRE), Stifel upgraded the previous rating of Hold to Buy. For the third quarter, Guidewire Software had an EPS of $0.08, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $83.51 and a 52-week-low of $52.19. At the end of the last trading period, Guidewire Software closed at $69.52.
For Kellogg Co (NYSE:K), Goldman Sachs upgraded the previous rating of Neutral to Buy. Kellogg earned $1.10 in the first quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $77.16 and a 52-week-low of $63.74. Kellogg closed at $65.60 at the end of the last trading period.
See all analyst ratings upgrades.
Downgrades
Guggenheim downgraded the previous rating for Adicet Bio Inc (NASDAQ:ACET) from Buy to Neutral. Adicet Bio earned $0.72 in the first quarter, compared to $0.10 in the year-ago quarter. The current stock performance of Adicet Bio shows a 52-week-high of $21.80 and a 52-week-low of $4.18. Moreover, at the end of the last trading period, the closing price was at $4.66.
B. Riley Securities downgraded the previous rating for Ballard Power Systems Inc (NASDAQ:BLDP) from Buy to Neutral. Ballard Power Systems earned $0.11 in the first quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Ballard Power Systems shows a 52-week-high of $9.27 and a 52-week-low of $3.98. Moreover, at the end of the last trading period, the closing price was at $4.26.
Morgan Stanley downgraded the previous rating for Host Hotels & Resorts Inc (NASDAQ:HST) from Equal-Weight to Underweight. For the first quarter, Host Hotels & Resorts had an EPS of $0.55, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $19.75 and a 52-week-low of $14.51. Host Hotels & Resorts closed at $16.43 at the end of the last trading period.
According to Oppenheimer, the prior rating for Avalo Therapeutics Inc (NASDAQ:AVTX) was changed from Outperform to Perform. In the first quarter, Avalo Therapeutics showed an EPS of $0.85, compared to $2.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $7.32 and a 52-week-low of $0.50. Avalo Therapeutics closed at $0.50 at the end of the last trading period.
For Avalo Therapeutics Inc (NASDAQ:AVTX), RBC Capital downgraded the previous rating of Outperform to Sector Perform. Avalo Therapeutics earned $0.85 in the first quarter, compared to $2.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.32 and a 52-week-low of $0.50. Avalo Therapeutics closed at $0.50 at the end of the last trading period.
Truist Securities downgraded the previous rating for Equinix Inc (NASDAQ:EQIX) from Buy to Hold. Equinix earned $8.59 in the first quarter, compared to $7.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $792.02 and a 52-week-low of $495.11. Equinix closed at $759.94 at the end of the last trading period.
B of A Securities downgraded the previous rating for ALLETE Inc (NYSE:ALE) from Neutral to Underperform. In the first quarter, ALLETE showed an EPS of $1.02, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.35 and a 52-week-low of $47.81. ALLETE closed at $59.12 at the end of the last trading period.
JP Morgan downgraded the previous rating for Antero Resources Corp (NYSE:AR) from Overweight to Neutral. For the first quarter, Antero Resources had an EPS of $0.50, compared to year-ago quarter EPS of $1.15. The stock has a 52-week-high of $45.30 and a 52-week-low of $19.91. At the end of the last trading period, Antero Resources closed at $22.10.
For Olin Corp (NYSE:OLN), UBS downgraded the previous rating of Buy to Neutral. Olin earned $1.16 in the first quarter, compared to $2.48 in the year-ago quarter. The current stock performance of Olin shows a 52-week-high of $64.70 and a 52-week-low of $41.34. Moreover, at the end of the last trading period, the closing price was at $49.19.
According to JMP Securities, the prior rating for Adicet Bio Inc (NASDAQ:ACET) was changed from Market Outperform to Market Perform. In the first quarter, Adicet Bio showed an EPS of $0.72, compared to $0.10 from the year-ago quarter. The current stock performance of Adicet Bio shows a 52-week-high of $21.80 and a 52-week-low of $4.18. Moreover, at the end of the last trading period, the closing price was at $4.66.
Keefe, Bruyette & Woods downgraded the previous rating for Stewart Information Services Corp (NYSE:STC) from Outperform to Market Perform. Stewart Information Servs earned $0.25 in the first quarter, compared to $2.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.79 and a 52-week-low of $36.01. Stewart Information Servs closed at $41.93 at the end of the last trading period.
Bernstein downgraded the previous rating for Alphabet Inc (NASDAQ:GOOGL) from Outperform to Market Perform. Alphabet earned $1.17 in the first quarter, compared to $1.23 in the year-ago quarter. The current stock performance of Alphabet shows a 52-week-high of $129.04 and a 52-week-low of $83.34. Moreover, at the end of the last trading period, the closing price was at $118.34.
For Alibaba Group Holding Ltd (NYSE:BABA), Bernstein downgraded the previous rating of Outperform to Market Perform. Alibaba Group Holding earned $1.56 in the fourth quarter, compared to $1.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $125.84 and a 52-week-low of $58.02. Alibaba Group Holding closed at $85.47 at the end of the last trading period.
Raymond James downgraded the previous rating for FibroGen Inc (NASDAQ:FGEN) from Outperform to Market Perform. In the first quarter, FibroGen showed an EPS of $0.81, compared to $0.68 from the year-ago quarter. The current stock performance of FibroGen shows a 52-week-high of $25.69 and a 52-week-low of $2.67. Moreover, at the end of the last trading period, the closing price was at $2.71.
See all analyst ratings downgrades.
Initiations
Craig-Hallum initiated coverage on Arhaus Inc (NASDAQ:ARHS) with a Buy rating. The price target for Arhaus is set to $15.00. Arhaus earned $0.25 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.27 and a 52-week-low of $4.25. Arhaus closed at $9.45 at the end of the last trading period.
Lake Street initiated coverage on Alkami Technology Inc (NASDAQ:ALKT) with a Buy rating. The price target for Alkami Technology is set to $21.00. For the first quarter, Alkami Technology had an EPS of $0.04, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $17.71 and a 52-week-low of $10.75. Alkami Technology closed at $15.74 at the end of the last trading period.
With a Buy rating, Alliance Global Partners initiated coverage on Nogin Inc (NASDAQ:NOGN). The price target seems to have been set at $3.50 for Nogin. For the first quarter, Nogin had an EPS of $2.11, compared to year-ago quarter EPS of $5.02. The current stock performance of Nogin shows a 52-week-high of $230.20 and a 52-week-low of $1.10. Moreover, at the end of the last trading period, the closing price was at $1.40.
With a Hold rating, Jefferies initiated coverage on Rockwell Automation Inc (NYSE:ROK). The price target seems to have been set at $335.00 for Rockwell Automation. Rockwell Automation earned $3.01 in the second quarter, compared to $1.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $321.94 and a 52-week-low of $192.97. Rockwell Automation closed at $318.04 at the end of the last trading period.
With a Equal-Weight rating, Wells Fargo initiated coverage on Zillow Group Inc (NASDAQ:Z). The price target seems to have been set at $50.00 for Zillow Gr. Zillow Gr earned $0.35 in the first quarter, compared to $0.49 in the year-ago quarter. The current stock performance of Zillow Gr shows a 52-week-high of $49.67 and a 52-week-low of $26.16. Moreover, at the end of the last trading period, the closing price was at $49.30.
William Blair initiated coverage on Warby Parker Inc (NYSE:WRBY) with a Market Perform rating. For the first quarter, Warby Parker had an EPS of $0.06, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $18.97 and a 52-week-low of $9.50. At the end of the last trading period, Warby Parker closed at $11.37.
Janney Montgomery Scott initiated coverage on Citizens & Northern Corp (NASDAQ:CZNC) with a Neutral rating. For the first quarter, Citizens & Northern had an EPS of $0.40, compared to year-ago quarter EPS of $0.44. The current stock performance of Citizens & Northern shows a 52-week-high of $25.77 and a 52-week-low of $16.71. Moreover, at the end of the last trading period, the closing price was at $19.19.
Wolfe Research initiated coverage on Frontier Communications Parent Inc (NASDAQ:FYBR) with an Outperform rating. The price target for Frontier Communications is set to $27.00. For the first quarter, Frontier Communications had an EPS of $0.01, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $30.83 and a 52-week-low of $14.49. At the end of the last trading period, Frontier Communications closed at $16.21.
With a Buy rating, Needham initiated coverage on Gilat Satellite Networks Ltd (NASDAQ:GILT). The price target seems to have been set at $7.00 for Gilat Satellite Networks. In the first quarter, Gilat Satellite Networks showed an EPS of $0.07, compared to $0.03 from the year-ago quarter. The current stock performance of Gilat Satellite Networks shows a 52-week-high of $7.33 and a 52-week-low of $4.51. Moreover, at the end of the last trading period, the closing price was at $5.74.
Cantor Fitzgerald initiated coverage on AVITA Medical Inc (NASDAQ:RCEL) with an Overweight rating. The price target for AVITA Medical is set to $23.00. AVITA Medical earned $0.37 in the first quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $17.85 and a 52-week-low of $4.44. At the end of the last trading period, AVITA Medical closed at $15.71.
With a Equal-Weight rating, Wells Fargo initiated coverage on Criteo SA (NASDAQ:CRTO). The price target seems to have been set at $37.00 for Criteo. Criteo earned $0.46 in the first quarter, compared to $0.53 in the year-ago quarter. The current stock performance of Criteo shows a 52-week-high of $36.76 and a 52-week-low of $20.61. Moreover, at the end of the last trading period, the closing price was at $32.80.
Wells Fargo initiated coverage on Playtika Holding Corp (NASDAQ:PLTK) with a Equal-Weight rating. The price target for Playtika Holding is set to $12.00. Playtika Holding earned $0.23 in the first quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Playtika Holding shows a 52-week-high of $15.36 and a 52-week-low of $7.83. Moreover, at the end of the last trading period, the closing price was at $11.79.
With a Equal-Weight rating, Wells Fargo initiated coverage on Nextdoor Holdings Inc (NYSE:KIND). The price target seems to have been set at $3.50 for Nextdoor Holdings. Nextdoor Holdings earned $0.09 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Nextdoor Holdings shows a 52-week-high of $4.03 and a 52-week-low of $1.82. Moreover, at the end of the last trading period, the closing price was at $3.01.
With an Overweight rating, Wells Fargo initiated coverage on DoubleVerify Holdings Inc (NYSE:DV). The price target seems to have been set at $44.00 for DoubleVerify Hldgs. For the first quarter, DoubleVerify Hldgs had an EPS of $0.07, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $38.47 and a 52-week-low of $20.38. DoubleVerify Hldgs closed at $37.39 at the end of the last trading period.
With an Overweight rating, Wells Fargo initiated coverage on Unity Software Inc (NYSE:U). The price target seems to have been set at $48.00 for Unity Software. In the first quarter, Unity Software showed an EPS of $0.06, compared to $0.08 from the year-ago quarter. The current stock performance of Unity Software shows a 52-week-high of $58.62 and a 52-week-low of $21.23. Moreover, at the end of the last trading period, the closing price was at $36.73.
With a Neutral rating, B. Riley Securities initiated coverage on Montauk Renewables Inc (NASDAQ:MNTK). The price target seems to have been set at $6.50 for Montauk Renewables. In the first quarter, Montauk Renewables showed an EPS of $0.03, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.78 and a 52-week-low of $5.46. Montauk Renewables closed at $6.96 at the end of the last trading period.
With a Market Outperform rating, JMP Securities initiated coverage on Mondee Holdings Inc (NASDAQ:MOND). The price target seems to have been set at $13.00 for Mondee Hldgs. In the first quarter, Mondee Hldgs showed an EPS of $0.07, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $16.62 and a 52-week-low of $6.74. At the end of the last trading period, Mondee Hldgs closed at $9.01.
With a Buy rating, Roth MKM initiated coverage on Splash Beverage Group Inc (AMEX:SBEV). The price target seems to have been set at $3.00 for Splash Beverage Group. In the first quarter, Splash Beverage Group showed an EPS of $0.15, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $3.42 and a 52-week-low of $0.75. At the end of the last trading period, Splash Beverage Group closed at $0.97.
Morgan Stanley initiated coverage on GE HealthCare Technologies Inc (NASDAQ:GEHC) with a Equal-Weight rating. The price target for GE HealthCare Techs is set to $76.00. GE HealthCare Techs earned $0.85 in the first quarter, compared to $0.96 in the year-ago quarter. The stock has a 52-week-high of $87.83 and a 52-week-low of $53.00. At the end of the last trading period, GE HealthCare Techs closed at $77.80.
JP Morgan initiated coverage on Cars.com Inc (NYSE:CARS) with an Overweight rating. The price target for Cars.com is set to $23.00. In the first quarter, Cars.com showed an EPS of $0.17, compared to $0.06 from the year-ago quarter. The current stock performance of Cars.com shows a 52-week-high of $20.41 and a 52-week-low of $9.07. Moreover, at the end of the last trading period, the closing price was at $18.10.
JP Morgan initiated coverage on CarGurus Inc (NASDAQ:CARG) with an Overweight rating. The price target for CarGurus is set to $29.00. In the first quarter, CarGurus showed an EPS of $0.26, compared to $0.36 from the year-ago quarter. The current stock performance of CarGurus shows a 52-week-high of $26.39 and a 52-week-low of $9.28. Moreover, at the end of the last trading period, the closing price was at $20.62.
Jefferies initiated coverage on Roper Technologies Inc (NYSE:ROP) with a Buy rating. The price target for Roper Techs is set to $530.00. In the first quarter, Roper Techs showed an EPS of $3.90, compared to $3.77 from the year-ago quarter. The stock has a 52-week-high of $465.45 and a 52-week-low of $357.25. At the end of the last trading period, Roper Techs closed at $460.20.
With a Buy rating, DA Davidson initiated coverage on Citi Trends Inc (NASDAQ:CTRN). The price target seems to have been set at $21.00 for Citi Trends. In the first quarter, Citi Trends showed an EPS of $0.66, compared to $0.42 from the year-ago quarter. The current stock performance of Citi Trends shows a 52-week-high of $35.19 and a 52-week-low of $14.21. Moreover, at the end of the last trading period, the closing price was at $17.62.
