Benzinga's Top Ratings Upgrades, Downgrades For May 31, 2023
Upgrades
For The Carlyle Group Inc (NASDAQ:CG), Raymond James upgraded the previous rating of Market Perform to Outperform. For the first quarter, Carlyle Group had an EPS of $0.63, compared to year-ago quarter EPS of $0.74. 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 $28.15.
Piper Sandler upgraded the previous rating for Akebia Therapeutics Inc (NASDAQ:AKBA) from Neutral to Overweight. In the first quarter, Akebia Therapeutics showed an EPS of $0.14, compared to $0.35 from the year-ago quarter. The current stock performance of Akebia Therapeutics shows a 52-week-high of $1.63 and a 52-week-low of $0.24. Moreover, at the end of the last trading period, the closing price was at $0.96.
According to BTIG, the prior rating for Q2 Holdings Inc (NYSE:QTWO) was changed from Neutral to Buy. For the first quarter, Q2 Holdings had an EPS of $0.35, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $55.26 and a 52-week-low of $18.91. At the end of the last trading period, Q2 Holdings closed at $27.65.
For Avis Budget Group Inc (NASDAQ:CAR), Deutsche Bank upgraded the previous rating of Hold to Buy. Avis Budget Gr earned $7.72 in the first quarter, compared to $9.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $251.26 and a 52-week-low of $131.85. Avis Budget Gr closed at $163.27 at the end of the last trading period.
According to Baird, the prior rating for Xylem Inc (NYSE:XYL) was changed from Neutral to Outperform. Xylem earned $0.72 in the first quarter, compared to $0.47 in the year-ago quarter. At the moment, the stock has a 52-week-high of $118.58 and a 52-week-low of $72.13. Xylem closed at $98.59 at the end of the last trading period.
For Chevron Corp (NYSE:CVX), JP Morgan upgraded the previous rating of Underweight to Neutral. In the first quarter, Chevron showed an EPS of $3.55, compared to $3.36 from the year-ago quarter. The current stock performance of Chevron shows a 52-week-high of $189.66 and a 52-week-low of $132.54. Moreover, at the end of the last trading period, the closing price was at $153.12.
See all analyst ratings upgrades.
Downgrades
For GreenLight Biosciences Inc (NASDAQ:GRNA), Canaccord Genuity downgraded the previous rating of Buy to Hold. GreenLight Biosciences earned $0.19 in the first quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.34 and a 52-week-low of $0.18. GreenLight Biosciences closed at $0.29 at the end of the last trading period.
According to Seaport Global, the prior rating for PDC Energy Inc (NASDAQ:PDCE) was changed from Buy to Neutral. PDC Energy earned $2.61 in the first quarter, compared to $3.66 in the year-ago quarter. The stock has a 52-week-high of $89.20 and a 52-week-low of $51.72. At the end of the last trading period, PDC Energy closed at $69.87.
Keybanc downgraded the previous rating for Ambarella Inc (NASDAQ:AMBA) from Overweight to Sector Weight. For the first quarter, Ambarella had an EPS of $0.15, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $99.86 and a 52-week-low of $49.02. At the end of the last trading period, Ambarella closed at $81.96.
See all analyst ratings downgrades.
Initiations
TD Cowen initiated coverage on MDxHealth SA (NASDAQ:MDXH) with an Outperform rating. The price target for MDxHealth is set to $7.00. In the first quarter, MDxHealth showed an EPS of $0.05, compared to $0.05 from the year-ago quarter.
William Blair initiated coverage on PROCEPT BioRobotics Corp (NASDAQ:PRCT) with an Outperform rating. In the first quarter, PROCEPT BioRobotics showed an EPS of $0.63, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.40 and a 52-week-low of $25.29. PROCEPT BioRobotics closed at $31.40 at the end of the last trading period.
With an Outperform rating, Noble Capital Markets initiated coverage on Saga Communications Inc (NASDAQ:SGA). The price target seems to have been set at $27.00 for Saga Communications. Saga Communications earned $0.15 in the first quarter, compared to $0.20 in the year-ago quarter.
Hovde Group initiated coverage on ACNB Corp (NASDAQ:ACNB) with an Outperform rating. The price target for ACNB is set to $36.00. In the first quarter, ACNB showed an EPS of $1.06, compared to $0.76 from the year-ago quarter. The stock has a 52-week-high of $41.17 and a 52-week-low of $27.00. At the end of the last trading period, ACNB closed at $30.32.
Northland Capital Markets initiated coverage on Near Intelligence Inc (NASDAQ:NIR) with an Outperform rating. The price target for Near Intelligence is set to $8.00. In the first quarter, Near Intelligence showed an EPS of $1.20, compared to $0.49 from the year-ago quarter. The current stock performance of Near Intelligence shows a 52-week-high of $18.65 and a 52-week-low of $1.55. Moreover, at the end of the last trading period, the closing price was at $1.80.
For BRC Inc (NYSE:BRCC), Needham initiated coverage, by setting the current rating at Hold. BRC earned $0.08 in the first quarter, compared to $1.36 in the year-ago quarter. The current stock performance of BRC shows a 52-week-high of $11.04 and a 52-week-low of $4.79. Moreover, at the end of the last trading period, the closing price was at $5.63.
UBS initiated coverage on argenx SE (NASDAQ:ARGX) with a Buy rating. The price target for argenx is set to $480.00. In the first quarter, argenx showed an EPS of $0.52, compared to $4.36 from the year-ago quarter. The stock has a 52-week-high of $423.99 and a 52-week-low of $304.94. At the end of the last trading period, argenx closed at $392.36.
RBC Capital initiated coverage on Colliers International Group Inc (NASDAQ:CIGI) with an Outperform rating. The price target for Colliers Intl Gr is set to $128.00. For the first quarter, Colliers Intl Gr had an EPS of $0.86, compared to year-ago quarter EPS of $1.44. The current stock performance of Colliers Intl Gr shows a 52-week-high of $133.03 and a 52-week-low of $84.16. Moreover, at the end of the last trading period, the closing price was at $93.16.
With a Buy rating, Goldman Sachs initiated coverage on Cedar Fair LP (NYSE:FUN). The price target seems to have been set at $50.00 for Cedar Fair. In the first quarter, Cedar Fair showed an EPS of $2.61, compared to $1.56 from the year-ago quarter. The current stock performance of Cedar Fair shows a 52-week-high of $49.36 and a 52-week-low of $37.92. Moreover, at the end of the last trading period, the closing price was at $44.17.
Goldman Sachs initiated coverage on SeaWorld Entertainment Inc (NYSE:SEAS) with a Buy rating. The price target for SeaWorld Entertainment is set to $75.00. SeaWorld Entertainment earned $0.26 in the first quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $68.19 and a 52-week-low of $40.02. At the end of the last trading period, SeaWorld Entertainment closed at $56.00.
Needham initiated coverage on Sovos Brands Inc (NASDAQ:SOVO) with a Buy rating. The price target for Sovos Brands is set to $22.50. In the first quarter, Sovos Brands showed an EPS of $0.18, compared to $0.14 from the year-ago quarter. The stock has a 52-week-high of $20.58 and a 52-week-low of $12.50. At the end of the last trading period, Sovos Brands closed at $18.48.
With a Sell rating, Goldman Sachs initiated coverage on Six Flags Entertainment Corp (NYSE:SIX). The price target seems to have been set at $26.00 for Six Flags Entertainment. Six Flags Entertainment earned $0.84 in the first quarter, compared to $0.76 in the year-ago quarter. The current stock performance of Six Flags Entertainment shows a 52-week-high of $31.29 and a 52-week-low of $16.83. Moreover, at the end of the last trading period, the closing price was at $25.48.
With a Buy rating, Goldman Sachs initiated coverage on Telefonica Brasil SA (NYSE:VIV). The price target seems to have been set at $10.00 for Telefonica Brasil. For the fourth quarter, Telefonica Brasil had an EPS of $0.13, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $11.03 and a 52-week-low of $6.49. At the end of the last trading period, Telefonica Brasil closed at $8.12.
William Blair initiated coverage on Qualys Inc (NASDAQ:QLYS) with an Outperform rating. For the first quarter, Qualys had an EPS of $1.09, compared to year-ago quarter EPS of $0.89. The stock has a 52-week-high of $162.36 and a 52-week-low of $101.10. At the end of the last trading period, Qualys closed at $122.91.
With an Outperform rating, RBC Capital initiated coverage on Nevro Corp (NYSE:NVRO). The price target seems to have been set at $40.00 for Nevro. In the first quarter, Nevro showed an EPS of $0.98, compared to $0.98 from the year-ago quarter. The current stock performance of Nevro shows a 52-week-high of $53.22 and a 52-week-low of $25.82. Moreover, at the end of the last trading period, the closing price was at $26.04.
With a Neutral rating, Goldman Sachs initiated coverage on TIM SA (NYSE:TIMB). The price target seems to have been set at $15.00 for TIM. At the moment, the stock has a 52-week-high of $15.27 and a 52-week-low of $10.20. TIM closed at $14.27 at the end of the last trading period.
Goldman Sachs initiated coverage on America Movil SAB de CV (NYSE:AMX) with a Neutral rating. The price target for America Movil is set to $24.00. In the first quarter, America Movil showed an EPS of $0.51, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $23.07 and a 52-week-low of $15.68. At the end of the last trading period, America Movil closed at $21.99.
Goldman Sachs initiated coverage on Liberty Latin America Ltd (NASDAQ:LILA) with a Buy rating. The price target for Liberty Latin America is set to $10.00. For the first quarter, Liberty Latin America had an EPS of $0.23, compared to year-ago quarter EPS of $0.36. The current stock performance of Liberty Latin America shows a 52-week-high of $10.01 and a 52-week-low of $5.90. Moreover, at the end of the last trading period, the closing price was at $7.29.
With a Buy rating, Goldman Sachs initiated coverage on Grupo Televisa SAB (NYSE:TV). The price target seems to have been set at $6.10 for Grupo Televisa. For the first quarter, Grupo Televisa had an EPS of $0.07, compared to year-ago quarter EPS of $0.18. The current stock performance of Grupo Televisa shows a 52-week-high of $10.39 and a 52-week-low of $4.38. Moreover, at the end of the last trading period, the closing price was at $4.76.
With a Buy rating, Roth MKM initiated coverage on ASLAN Pharmaceuticals Ltd (NASDAQ:ASLN). The price target seems to have been set at $15.00 for ASLAN Pharma. For the first quarter, ASLAN Pharma had an EPS of $1.29, compared to year-ago quarter EPS of $0.95. The current stock performance of ASLAN Pharma shows a 52-week-high of $4.93 and a 52-week-low of $1.70. Moreover, at the end of the last trading period, the closing price was at $3.72.
Roth MKM initiated coverage on Inventiva SA (NASDAQ:IVA) with a Buy rating. The price target for Inventiva is set to $11.00. None
With a Buy rating, Roth MKM initiated coverage on Terns Pharmaceuticals Inc (NASDAQ:TERN). The price target seems to have been set at $23.00 for Terns Pharma. In the first quarter, Terns Pharma showed an EPS of $0.31, compared to $0.55 from the year-ago quarter. The current stock performance of Terns Pharma shows a 52-week-high of $14.04 and a 52-week-low of $1.53. Moreover, at the end of the last trading period, the closing price was at $10.56.
With a Buy rating, Roth MKM initiated coverage on Unity Biotechnology Inc (NASDAQ:UBX). The price target seems to have been set at $10.00 for Unity Biotechnology. For the first quarter, Unity Biotechnology had an EPS of $0.76, compared to year-ago quarter EPS of $2.80. The current stock performance of Unity Biotechnology shows a 52-week-high of $18.50 and a 52-week-low of $1.46. Moreover, at the end of the last trading period, the closing price was at $2.93.
With a Neutral rating, DA Davidson initiated coverage on MasterCraft Boat Holdings Inc (NASDAQ:MCFT). The price target seems to have been set at $29.00 for MasterCraft Boat Hldgs. For the third quarter, MasterCraft Boat Hldgs had an EPS of $1.36, compared to year-ago quarter EPS of $1.36. The current stock performance of MasterCraft Boat Hldgs shows a 52-week-high of $35.29 and a 52-week-low of $18.49. Moreover, at the end of the last trading period, the closing price was at $26.71.
With a Buy rating, Mizuho initiated coverage on NICE Ltd (NASDAQ:NICE). The price target seems to have been set at $244.00 for NICE. For the first quarter, NICE had an EPS of $2.03, compared to year-ago quarter EPS of $1.80. The current stock performance of NICE shows a 52-week-high of $235.05 and a 52-week-low of $164.86. Moreover, at the end of the last trading period, the closing price was at $196.57.
Mizuho initiated coverage on Five9 Inc (NASDAQ:FIVN) with a Buy rating. The price target for Five9 is set to $100.00. For the first quarter, Five9 had an EPS of $0.41, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $120.29 and a 52-week-low of $46.63. Five9 closed at $60.88 at the end of the last trading period.