Benzinga's Top Ratings Upgrades, Downgrades For May 12, 2023
Upgrades
According to SVB Leerink, the prior rating for Bolt Biotherapeutics Inc (NASDAQ:BOLT) was changed from Market Perform to Outperform. In the first quarter, Bolt Biotherapeutics showed an EPS of $0.45, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.72 and a 52-week-low of $1.18. Bolt Biotherapeutics closed at $1.60 at the end of the last trading period.
According to Tudor Pickering, the prior rating for Montauk Renewables Inc (NASDAQ:MNTK) was changed from Sell to Hold. For the first quarter, Montauk Renewables had an EPS of $0.03, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $20.78 and a 52-week-low of $5.46. At the end of the last trading period, Montauk Renewables closed at $6.06.
CFRA upgraded the previous rating for The ODP Corp (NASDAQ:ODP) from Hold to Buy. In the first quarter, ODP showed an EPS of $1.78, compared to $1.27 from the year-ago quarter. The current stock performance of ODP shows a 52-week-high of $53.59 and a 52-week-low of $28.85. Moreover, at the end of the last trading period, the closing price was at $41.86.
According to CFRA, the prior rating for RWE AG (OTC:RWEOY) was changed from Hold to Buy. In the first quarter, RWE showed an EPS of $2.41, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $47.51 and a 52-week-low of $34.98. At the end of the last trading period, RWE closed at $45.54.
According to DZ Bank, the prior rating for Electronic Arts Inc (NASDAQ:EA) was changed from Hold to Buy. Electronic Arts earned $1.78 in the fourth quarter, compared to $1.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $142.78 and a 52-week-low of $108.53. Electronic Arts closed at $125.32 at the end of the last trading period.
For Nutrien Ltd (NYSE:NTR), Raymond James upgraded the previous rating of Market Perform to Outperform. Nutrien earned $1.11 in the first quarter, compared to $2.70 in the year-ago quarter. The stock has a 52-week-high of $104.61 and a 52-week-low of $58.75. At the end of the last trading period, Nutrien closed at $61.74.
For American States Water Co (NYSE:AWR), Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. For the first quarter, American States Water had an EPS of $0.57, compared to year-ago quarter EPS of $0.38. The current stock performance of American States Water shows a 52-week-high of $100.42 and a 52-week-low of $71.23. Moreover, at the end of the last trading period, the closing price was at $89.46.
For Enovis Corp (NYSE:ENOV), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the first quarter, Enovis showed an EPS of $0.44, compared to $0.37 from the year-ago quarter. The current stock performance of Enovis shows a 52-week-high of $67.66 and a 52-week-low of $44.07. Moreover, at the end of the last trading period, the closing price was at $55.79.
Credit Suisse upgraded the previous rating for Vitru Ltd (NASDAQ:VTRU) from Neutral to Outperform. For the first quarter, Vitru had an EPS of $0.44, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $23.99 and a 52-week-low of $11.65. At the end of the last trading period, Vitru closed at $15.32.
Raymond James upgraded the previous rating for Mesa Air Group Inc (NASDAQ:MESA) from Underperform to Market Perform. In the second quarter, Mesa Air Gr showed an EPS of $0.53, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $3.82 and a 52-week-low of $1.03. At the end of the last trading period, Mesa Air Gr closed at $1.42.
Cantor Fitzgerald upgraded the previous rating for Iris Energy Ltd (NASDAQ:IREN) from Neutral to Overweight. The current stock performance of Iris Energy shows a 52-week-high of $7.83 and a 52-week-low of $1.02. Moreover, at the end of the last trading period, the closing price was at $3.48.
According to Deutsche Bank, the prior rating for Euronav NV (NYSE:EURN) was changed from Hold to Buy. At the moment, the stock has a 52-week-high of $21.00 and a 52-week-low of $9.94. Euronav closed at $16.51 at the end of the last trading period.
According to Jefferies, the prior rating for Allakos Inc (NASDAQ:ALLK) was changed from Hold to Buy. For the first quarter, Allakos had an EPS of $0.49, compared to year-ago quarter EPS of $3.60. The current stock performance of Allakos shows a 52-week-high of $8.73 and a 52-week-low of $2.54. Moreover, at the end of the last trading period, the closing price was at $4.16.
See all analyst ratings upgrades.
Downgrades
According to SVB Leerink, the prior rating for Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) was changed from Outperform to Market Perform. For the second quarter, Arrowhead Pharma had an EPS of $0.45, compared to year-ago quarter EPS of $0.41. The current stock performance of Arrowhead Pharma shows a 52-week-high of $48.48 and a 52-week-low of $23.09. Moreover, at the end of the last trading period, the closing price was at $40.08.
For ADS-TEC Energy PLC (NASDAQ:ADSE), Roth MKM downgraded the previous rating of Buy to Neutral. NoneThe current stock performance of ADS-TEC Energy shows a 52-week-high of $8.71 and a 52-week-low of $1.91. Moreover, at the end of the last trading period, the closing price was at $3.00.
For Stantec Inc (NYSE:STN), Raymond James downgraded the previous rating of Strong Buy to Outperform. For the first quarter, Stantec had an EPS of $0.54, compared to year-ago quarter EPS of $0.48. At the moment, the stock has a 52-week-high of $62.31 and a 52-week-low of $40.92. Stantec closed at $59.15 at the end of the last trading period.
BMO Capital downgraded the previous rating for Compx International Inc (AMEX:CIX) from Outperform to Market Perform. For the first quarter, Compx Intl had an EPS of $0.49, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $28.46 and a 52-week-low of $16.06. At the end of the last trading period, Compx Intl closed at $18.68.
According to CFRA, the prior rating for Topgolf Callaway Brands Corp (NYSE:MODG) was changed from Buy to Hold. Topgolf Callaway Brands earned $0.17 in the first quarter, compared to $0.36 in the year-ago quarter. The stock has a 52-week-high of $25.96 and a 52-week-low of $16.81. At the end of the last trading period, Topgolf Callaway Brands closed at $17.59.
For Spirit AeroSystems Holdings Inc (NYSE:SPR), CFRA downgraded the previous rating of Strong Buy to Hold. Spirit AeroSystems Hldgs earned $1.69 in the first quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.55 and a 52-week-low of $21.15. Spirit AeroSystems Hldgs closed at $23.73 at the end of the last trading period.
For Absolute Software Corp (NASDAQ:ABST), Canaccord Genuity downgraded the previous rating of Buy to Hold. In the second quarter, Absolute Software showed an EPS of $0.05, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.57 and a 52-week-low of $6.85. Absolute Software closed at $11.38 at the end of the last trading period.
Chardan Capital downgraded the previous rating for Nauticus Robotics Inc (NASDAQ:KITT) from Buy to Neutral. Nauticus Robotics earned $0.19 in the fourth quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $12.73 and a 52-week-low of $2.04. At the end of the last trading period, Nauticus Robotics closed at $2.31.
Argus Research downgraded the previous rating for The Estee Lauder Companies Inc (NYSE:EL) from Buy to Hold. In the third quarter, Estee Lauder Cos showed an EPS of $0.47, compared to $1.90 from the year-ago quarter. The stock has a 52-week-high of $284.27 and a 52-week-low of $186.48. At the end of the last trading period, Estee Lauder Cos closed at $201.79.
According to BMO Capital, the prior rating for CTS Corp (NYSE:CTS) was changed from Outperform to Market Perform. For the first quarter, CTS had an EPS of $0.61, compared to year-ago quarter EPS of $0.67. The current stock performance of CTS shows a 52-week-high of $49.59 and a 52-week-low of $31.99. Moreover, at the end of the last trading period, the closing price was at $42.55.
Exane BNP Paribas downgraded the previous rating for PayPal Holdings Inc (NASDAQ:PYPL) from Outperform to Neutral. In the first quarter, PayPal Holdings showed an EPS of $1.17, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $103.02 and a 52-week-low of $62.64. At the end of the last trading period, PayPal Holdings closed at $64.18.
Wells Fargo downgraded the previous rating for SJW Group (NYSE:SJW) from Equal-Weight to Underweight. SJW Gr earned $0.37 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of SJW Gr shows a 52-week-high of $83.75 and a 52-week-low of $55.73. Moreover, at the end of the last trading period, the closing price was at $76.18.
According to Wolfe Research, the prior rating for The Walt Disney Co (NYSE:DIS) was changed from Outperform to Peer Perform. Walt Disney earned $0.93 in the second quarter, compared to $1.08 in the year-ago quarter. The stock has a 52-week-high of $126.48 and a 52-week-low of $84.08. At the end of the last trading period, Walt Disney closed at $92.31.
Barclays downgraded the previous rating for Compx International Inc (AMEX:CIX) from Overweight to Equal-Weight. In the first quarter, Compx Intl showed an EPS of $0.49, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.46 and a 52-week-low of $16.06. Compx Intl closed at $18.68 at the end of the last trading period.
According to Wells Fargo, the prior rating for Fox Corp (NASDAQ:FOXA) was changed from Overweight to Equal-Weight. For the third quarter, Fox had an EPS of $0.94, compared to year-ago quarter EPS of $0.81. The current stock performance of Fox shows a 52-week-high of $37.26 and a 52-week-low of $28.02. Moreover, at the end of the last trading period, the closing price was at $30.67.
For ImmunityBio Inc (NASDAQ:IBRX), Piper Sandler downgraded the previous rating of Overweight to Neutral. For the fourth quarter, ImmunityBio had an EPS of $0.27, compared to year-ago quarter EPS of $0.23. The current stock performance of ImmunityBio shows a 52-week-high of $7.80 and a 52-week-low of $1.21. Moreover, at the end of the last trading period, the closing price was at $2.79.
For Twilio Inc (NYSE:TWLO), Mizuho downgraded the previous rating of Buy to Neutral. In the first quarter, Twilio showed an EPS of $0.47, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $112.87 and a 52-week-low of $41.00. Twilio closed at $47.48 at the end of the last trading period.
For Aveanna Healthcare Holdings Inc (NASDAQ:AVAH), Raymond James downgraded the previous rating of Strong Buy to Market Perform. In the first quarter, Aveanna Healthcare Hldgs showed an EPS of $0.05, compared to $0.04 from the year-ago quarter. The current stock performance of Aveanna Healthcare Hldgs shows a 52-week-high of $3.15 and a 52-week-low of $0.67. Moreover, at the end of the last trading period, the closing price was at $1.09.
According to Jefferies, the prior rating for Diageo PLC (NYSE:DEO) was changed from Buy to Hold. The current stock performance of Diageo shows a 52-week-high of $194.01 and a 52-week-low of $160.09. Moreover, at the end of the last trading period, the closing price was at $182.94.
According to Credit Suisse, the prior rating for Home Point Capital Inc (NASDAQ:HMPT) was changed from Outperform to Neutral. Home Point Capital earned $0.20 in the first quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.63 and a 52-week-low of $0.99. Home Point Capital closed at $2.27 at the end of the last trading period.
For Absolute Software Corp (NASDAQ:ABST), Needham downgraded the previous rating of Buy to Hold. For the second quarter, Absolute Software had an EPS of $0.05, compared to year-ago quarter EPS of $0.13. The current stock performance of Absolute Software shows a 52-week-high of $12.57 and a 52-week-low of $6.85. Moreover, at the end of the last trading period, the closing price was at $11.38.
See all analyst ratings downgrades.
Initiations
With an Overweight rating, Capital One initiated coverage on Palo Alto Networks Inc (NASDAQ:PANW). The price target seems to have been set at $247.00 for Palo Alto Networks. Palo Alto Networks earned $1.05 in the second quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $203.44 and a 52-week-low of $132.22. At the end of the last trading period, Palo Alto Networks closed at $197.18.
Needham initiated coverage on Trinet Group Inc (NYSE:TNET) with a Buy rating. The price target for Trinet Group is set to $115.00. For the first quarter, Trinet Group had an EPS of $2.49, compared to year-ago quarter EPS of $2.55. The stock has a 52-week-high of $95.61 and a 52-week-low of $60.70. At the end of the last trading period, Trinet Group closed at $88.81.
Mizuho initiated coverage on Surgery Partners Inc (NASDAQ:SGRY) with a Buy rating. The price target for Surgery Partners is set to $48.00. Surgery Partners earned $0.08 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Surgery Partners shows a 52-week-high of $48.47 and a 52-week-low of $20.46. Moreover, at the end of the last trading period, the closing price was at $35.18.
Truist Securities initiated coverage on SoFi Technologies Inc (NASDAQ:SOFI) with a Buy rating. The price target for SoFi Techs is set to $8.00. For the first quarter, SoFi Techs had an EPS of $0.05, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $8.52 and a 52-week-low of $4.25. At the end of the last trading period, SoFi Techs closed at $5.14.
With an Overweight rating, Barclays initiated coverage on Biomea Fusion Inc (NASDAQ:BMEA). The price target seems to have been set at $50.00 for Biomea Fusion. In the first quarter, Biomea Fusion showed an EPS of $0.98, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.68 and a 52-week-low of $3.46. Biomea Fusion closed at $32.10 at the end of the last trading period.
Roth MKM initiated coverage on LanzaTech Global Inc (NASDAQ:LNZA) with a Buy rating. The price target for LanzaTech Global is set to $8.00. The stock has a 52-week-high of $8.75 and a 52-week-low of $2.92. At the end of the last trading period, LanzaTech Global closed at $3.27.