Benzinga's Top Ratings Upgrades, Downgrades For May 19, 2023

Upgrades

For MaxLinear Inc (NASDAQ:MXL), Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. MaxLinear earned $0.74 in the first quarter, compared to $1.00 in the year-ago quarter. The stock has a 52-week-high of $43.66 and a 52-week-low of $23.05. At the end of the last trading period, MaxLinear closed at $27.43.

Argus Research upgraded the previous rating for The Wendy's Co (NASDAQ:WEN) from Hold to Buy. For the first quarter, Wendy's had an EPS of $0.21, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $23.90 and a 52-week-low of $16.07. At the end of the last trading period, Wendy's closed at $23.50.

For First Commonwealth Financial Corp (NYSE:FCF), Stephens & Co. upgraded the previous rating of Equal-Weight to Overweight. For the first quarter, First Commonwealth had an EPS of $0.45, compared to year-ago quarter EPS of $0.29. The stock has a 52-week-high of $16.53 and a 52-week-low of $11.32. At the end of the last trading period, First Commonwealth closed at $12.72.

JP Morgan upgraded the previous rating for Austal Ltd (OTC:AUTLF) from Neutral to Overweight.

According to Citigroup, the prior rating for Gap Inc (NYSE:GPS) was changed from Sell to Neutral. For the fourth quarter, Gap had an EPS of $0.75, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $15.49 and a 52-week-low of $7.48. At the end of the last trading period, Gap closed at $8.11.

Morgan Stanley upgraded the previous rating for Shake Shack Inc (NYSE:SHAK) from Underweight to Equal-Weight. In the first quarter, Shake Shack showed an EPS of $0.01, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $71.94 and a 52-week-low of $37.72. At the end of the last trading period, Shake Shack closed at $66.72.

JP Morgan upgraded the previous rating for Bloom Energy Corp (NYSE:BE) from Neutral to Overweight. In the first quarter, Bloom Energy showed an EPS of $0.22, compared to $0.32 from the year-ago quarter. The current stock performance of Bloom Energy shows a 52-week-high of $31.47 and a 52-week-low of $12.33. Moreover, at the end of the last trading period, the closing price was at $13.65.

Mizuho upgraded the previous rating for EOG Resources Inc (NYSE:EOG) from Neutral to Buy. In the first quarter, EOG Resources showed an EPS of $2.69, compared to $4.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $150.78 and a 52-week-low of $92.22. EOG Resources closed at $112.02 at the end of the last trading period.

Mizuho upgraded the previous rating for Range Resources Corp (NYSE:RRC) from Neutral to Buy. In the first quarter, Range Resources showed an EPS of $0.99, compared to $1.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.39 and a 52-week-low of $22.61. Range Resources closed at $29.49 at the end of the last trading period.

Mizuho upgraded the previous rating for Gulfport Energy Corp (NYSE:GPOR) from Neutral to Buy. Gulfport Energy earned $7.14 in the first quarter, compared to $6.15 in the year-ago quarter. The stock has a 52-week-high of $107.83 and a 52-week-low of $60.15. At the end of the last trading period, Gulfport Energy closed at $101.55.

For TE Connectivity Ltd (NYSE:TEL), Credit Suisse upgraded the previous rating of Neutral to Outperform. For the second quarter, TE Connectivity had an EPS of $1.65, compared to year-ago quarter EPS of $1.81. At the moment, the stock has a 52-week-high of $138.17 and a 52-week-low of $104.94. TE Connectivity closed at $123.09 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Benchmark, the prior rating for Curaleaf Holdings Inc (OTC:CURLF) was changed from Buy to Hold. In the first quarter, Curaleaf Holdings showed an EPS of $0.05, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $7.90 and a 52-week-low of $2.19. At the end of the last trading period, Curaleaf Holdings closed at $2.88.

For SciPlay Corp (NASDAQ:SCPL), Deutsche Bank downgraded the previous rating of Buy to Hold. SciPlay earned $0.24 in the first quarter, compared to $0.18 in the year-ago quarter. The current stock performance of SciPlay shows a 52-week-high of $19.87 and a 52-week-low of $10.69. Moreover, at the end of the last trading period, the closing price was at $19.66.

According to Macquarie, the prior rating for The Walt Disney Co (NYSE:DIS) was changed from Outperform to Neutral. In the second quarter, Walt Disney showed an EPS of $0.93, compared to $1.08 from the year-ago quarter. The current stock performance of Walt Disney shows a 52-week-high of $126.48 and a 52-week-low of $84.08. Moreover, at the end of the last trading period, the closing price was at $93.76.

For Noodles & Co (NASDAQ:NDLS), Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. Noodles earned $0.05 in the first quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $6.78 and a 52-week-low of $3.65. At the end of the last trading period, Noodles closed at $3.81.

According to Mizuho, the prior rating for PBF Energy Inc (NYSE:PBF) was changed from Buy to Neutral. For the first quarter, PBF Energy had an EPS of $2.76, compared to year-ago quarter EPS of $0.35. At the moment, the stock has a 52-week-high of $48.88 and a 52-week-low of $24.63. PBF Energy closed at $37.81 at the end of the last trading period.

For Urstadt Biddle Properties Inc (NYSE:UBA), Piper Sandler downgraded the previous rating of Overweight to Neutral. For the first quarter, Urstadt Biddle Properties had an EPS of $0.42, compared to year-ago quarter EPS of $0.33. The current stock performance of Urstadt Biddle Properties shows a 52-week-high of $20.35 and a 52-week-low of $15.12. Moreover, at the end of the last trading period, the closing price was at $20.10.

According to Credit Suisse, the prior rating for Amphenol Corp (NYSE:APH) was changed from Outperform to Neutral. For the first quarter, Amphenol had an EPS of $0.69, compared to year-ago quarter EPS of $0.67. At the moment, the stock has a 52-week-high of $82.86 and a 52-week-low of $61.67. Amphenol closed at $76.14 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

CL King initiated coverage on The Toro Co (NYSE:TTC) with a Buy rating. The price target for Toro is set to $133.00. Toro earned $0.98 in the first quarter, compared to $0.66 in the year-ago quarter. The current stock performance of Toro shows a 52-week-high of $117.66 and a 52-week-low of $72.06. Moreover, at the end of the last trading period, the closing price was at $106.63.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Bitfarms Ltd (NASDAQ:BITF). The price target seems to have been set at $2.00 for Bitfarms. For the first quarter, Bitfarms had an EPS of $0.01, compared to year-ago quarter EPS of $0.02. The current stock performance of Bitfarms shows a 52-week-high of $2.33 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $1.15.

B of A Securities initiated coverage on Xencor Inc (NASDAQ:XNCR) with a Buy rating. The price target for Xencor is set to $42.00. For the first quarter, Xencor had an EPS of $1.02, compared to year-ago quarter EPS of $0.39. The current stock performance of Xencor shows a 52-week-high of $38.20 and a 52-week-low of $19.36. Moreover, at the end of the last trading period, the closing price was at $26.05.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Intuitive Machines Inc (NASDAQ:LUNR). The price target seems to have been set at $11.00 for Intuitive Machines. The stock has a 52-week-high of $136.00 and a 52-week-low of $6.80. At the end of the last trading period, Intuitive Machines closed at $7.76.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Ambrx Biopharma Inc (NASDAQ:AMAM). The price target seems to have been set at $25.00 for Ambrx Biopharma. NoneThe current stock performance of Ambrx Biopharma shows a 52-week-high of $14.60 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $13.77.

With a Neutral rating, Piper Sandler initiated coverage on ACNB Corp (NASDAQ:ACNB). The price target seems to have been set at $31.00 for ACNB. For the first quarter, ACNB had an EPS of $1.06, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $41.17 and a 52-week-low of $27.00. ACNB closed at $28.83 at the end of the last trading period.

With a Neutral rating, JP Morgan initiated coverage on Calix Inc (NYSE:CALX). The price target seems to have been set at $49.00 for Calix. Calix earned $0.31 in the first quarter, compared to $0.22 in the year-ago quarter. The current stock performance of Calix shows a 52-week-high of $77.27 and a 52-week-low of $31.59. Moreover, at the end of the last trading period, the closing price was at $46.95.

With an Outperform rating, RBC Capital initiated coverage on Planet Fitness Inc (NYSE:PLNT). The price target seems to have been set at $86.00 for Planet Fitness. Planet Fitness earned $0.41 in the first quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $85.91 and a 52-week-low of $54.15. Planet Fitness closed at $69.66 at the end of the last trading period.

Evercore ISI Group initiated coverage on Gen Digital Inc (NASDAQ:GEN) with an Outperform rating. The price target for Gen Digital is set to $27.00. For the fourth quarter, Gen Digital had an EPS of $0.46, compared to year-ago quarter EPS of $0.46. The current stock performance of Gen Digital shows a 52-week-high of $23.92 and a 52-week-low of $15.45. Moreover, at the end of the last trading period, the closing price was at $16.12.

Goldman Sachs initiated coverage on Sociedad Quimica Y Minera De Chile SA (NYSE:SQM) with a Sell rating. The price target for Sociedad Quimica Y Minera is set to $60.60. In the first quarter, Sociedad Quimica Y Minera showed an EPS of $2.63, compared to $2.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $115.68 and a 52-week-low of $60.21. Sociedad Quimica Y Minera closed at $72.79 at the end of the last trading period.

B. Riley Securities initiated coverage on NewtekOne Inc (NASDAQ:NEWT) with a Buy rating. The price target for NewtekOne is set to $15.00. For the first quarter, NewtekOne had an EPS of $0.45, compared to year-ago quarter EPS of $0.72. At the moment, the stock has a 52-week-high of $25.50 and a 52-week-low of $10.75. NewtekOne closed at $11.50 at the end of the last trading period.

WestPark Capital initiated coverage on Digi International Inc (NASDAQ:DGII) with a Buy rating. The price target for Digi Intl is set to $45.00. In the second quarter, Digi Intl showed an EPS of $0.50, compared to $0.41 from the year-ago quarter. The current stock performance of Digi Intl shows a 52-week-high of $43.55 and a 52-week-low of $20.54. Moreover, at the end of the last trading period, the closing price was at $33.11.

With a Buy rating, Citigroup initiated coverage on The Carlyle Group Inc (NASDAQ:CG). The price target seems to have been set at $40.00 for Carlyle Group. In the first quarter, Carlyle Group showed an EPS of $0.63, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $40.73 and a 52-week-low of $24.61. At the end of the last trading period, Carlyle Group closed at $27.33.

With a Buy rating, Citigroup initiated coverage on KKR & Co Inc (NYSE:KKR). The price target seems to have been set at $69.00 for KKR & Co. KKR & Co earned $0.81 in the first quarter, compared to $1.10 in the year-ago quarter. The current stock performance of KKR & Co shows a 52-week-high of $60.53 and a 52-week-low of $41.77. Moreover, at the end of the last trading period, the closing price was at $49.97.

With a Neutral rating, Citigroup initiated coverage on Invesco Ltd (NYSE:IVZ). The price target seems to have been set at $16.00 for Invesco. For the first quarter, Invesco had an EPS of $0.38, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $20.56 and a 52-week-low of $13.20. At the end of the last trading period, Invesco closed at $15.33.

Citigroup initiated coverage on Blue Owl Capital Inc (NYSE:OWL) with a Buy rating. The price target for Blue Owl Cap is set to $14.00. In the first quarter, Blue Owl Cap showed an EPS of $0.15, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $14.04 and a 52-week-low of $8.06. At the end of the last trading period, Blue Owl Cap closed at $10.00.

With a Buy rating, Citigroup initiated coverage on Blackstone Inc (NYSE:BX). The price target seems to have been set at $98.00 for Blackstone. In the first quarter, Blackstone showed an EPS of $0.97, compared to $1.55 from the year-ago quarter. The current stock performance of Blackstone shows a 52-week-high of $123.10 and a 52-week-low of $71.73. Moreover, at the end of the last trading period, the closing price was at $83.21.

With a Buy rating, Citigroup initiated coverage on BlackRock Inc (NYSE:BLK). The price target seems to have been set at $750.00 for BlackRock. In the first quarter, BlackRock showed an EPS of $7.93, compared to $9.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $785.25 and a 52-week-low of $505.01. BlackRock closed at $669.33 at the end of the last trading period.

With a Sell rating, Citigroup initiated coverage on T. Rowe Price Group Inc (NASDAQ:TROW). The price target seems to have been set at $98.00 for T. Rowe Price Gr. T. Rowe Price Gr earned $1.69 in the first quarter, compared to $2.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $134.61 and a 52-week-low of $93.53. T. Rowe Price Gr closed at $107.69 at the end of the last trading period.

See all analyst ratings initiations.