Benzinga's Top Ratings Upgrades, Downgrades For September 21, 2023
Upgrades
According to Truist Securities, the prior rating for International Paper Co (NYSE:IP) was changed from Hold to Buy. In the second quarter, International Paper showed an EPS of $0.59, compared to $1.24 from the year-ago quarter. The current stock performance of International Paper shows a 52-week-high of $41.89 and a 52-week-low of $29.00. Moreover, at the end of the last trading period, the closing price was at $33.72.
According to B of A Securities, the prior rating for Nutanix Inc (NASDAQ:NTNX) was changed from Neutral to Buy. Nutanix earned $0.24 in the fourth quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $36.71 and a 52-week-low of $19.97. At the end of the last trading period, Nutanix closed at $33.75.
For Enphase Energy Inc (NASDAQ:ENPH), Seaport Global upgraded the previous rating of Neutral to Buy. For the second quarter, Enphase Energy had an EPS of $1.47, compared to year-ago quarter EPS of $1.07. The stock has a 52-week-high of $339.88 and a 52-week-low of $116.86. At the end of the last trading period, Enphase Energy closed at $123.97.
For European Wax Center Inc (NASDAQ:EWCZ), Piper Sandler upgraded the previous rating of Neutral to Overweight. European Wax Center earned $0.11 in the second quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $20.70 and a 52-week-low of $12.02. At the end of the last trading period, European Wax Center closed at $17.24.
Baird upgraded the previous rating for HealthEquity Inc (NASDAQ:HQY) from Neutral to Outperform. HealthEquity earned $0.53 in the second quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.16 and a 52-week-low of $48.86. HealthEquity closed at $70.97 at the end of the last trading period.
According to JP Morgan, the prior rating for New Jersey Resources Corp (NYSE:NJR) was changed from Underweight to Neutral. New Jersey Resources earned $0.10 in the third quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $55.84 and a 52-week-low of $38.23. At the end of the last trading period, New Jersey Resources closed at $42.17.
For Five9 Inc (NASDAQ:FIVN), Deutsche Bank upgraded the previous rating of Hold to Buy. For the second quarter, Five9 had an EPS of $0.52, compared to year-ago quarter EPS of $0.34. The current stock performance of Five9 shows a 52-week-high of $89.58 and a 52-week-low of $46.63. Moreover, at the end of the last trading period, the closing price was at $66.42.
According to Morgan Stanley, the prior rating for Buenaventura Mining Co Inc (NYSE:BVN) was changed from Equal-Weight to Overweight. Buenaventura Mining Co earned $0.03 in the second quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Buenaventura Mining Co shows a 52-week-high of $8.92 and a 52-week-low of $5.75. Moreover, at the end of the last trading period, the closing price was at $8.26.
According to Keefe, Bruyette & Woods, the prior rating for Truist Financial Corp (NYSE:TFC) was changed from Market Perform to Outperform. Truist Finl earned $0.95 in the second quarter, compared to $1.20 in the year-ago quarter. The current stock performance of Truist Finl shows a 52-week-high of $53.34 and a 52-week-low of $25.56. Moreover, at the end of the last trading period, the closing price was at $28.37.
See all analyst ratings upgrades.
Downgrades
According to William Blair, the prior rating for Splunk Inc (NASDAQ:SPLK) was changed from Outperform to Market Perform. Splunk earned $0.71 in the second quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Splunk shows a 52-week-high of $125.91 and a 52-week-low of $65.00. Moreover, at the end of the last trading period, the closing price was at $119.59.
For Seelos Therapeutics Inc (NASDAQ:SEEL), Guggenheim downgraded the previous rating of Buy to Neutral. In the second quarter, Seelos Therapeutics showed an EPS of $0.22, compared to $0.20 from the year-ago quarter. The current stock performance of Seelos Therapeutics shows a 52-week-high of $1.66 and a 52-week-low of $0.23. Moreover, at the end of the last trading period, the closing price was at $0.31.
According to Argus Research, the prior rating for Silk Road Medical Inc (NASDAQ:SILK) was changed from Buy to Hold. Silk Road Medical earned $0.35 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $58.04 and a 52-week-low of $15.94. At the end of the last trading period, Silk Road Medical closed at $15.98.
Citigroup downgraded the previous rating for Frontier Group Holdings Inc (NASDAQ:ULCC) from Buy to Neutral. Frontier Group Holdings earned $0.31 in the second quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.34 and a 52-week-low of $4.78. Frontier Group Holdings closed at $4.80 at the end of the last trading period.
For Brighthouse Financial Inc (NASDAQ:BHF), Goldman Sachs downgraded the previous rating of Neutral to Sell. Brighthouse Finl earned $4.13 in the second quarter, compared to $3.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $60.54 and a 52-week-low of $39.23. Brighthouse Finl closed at $51.27 at the end of the last trading period.
According to Cantor Fitzgerald, the prior rating for Seelos Therapeutics Inc (NASDAQ:SEEL) was changed from Overweight to Neutral. In the second quarter, Seelos Therapeutics showed an EPS of $0.22, compared to $0.20 from the year-ago quarter. The current stock performance of Seelos Therapeutics shows a 52-week-high of $1.66 and a 52-week-low of $0.23. Moreover, at the end of the last trading period, the closing price was at $0.31.
Goldman Sachs downgraded the previous rating for BanColombia SA (NYSE:CIB) from Buy to Neutral. For the second quarter, BanColombia had an EPS of $1.37, compared to year-ago quarter EPS of $1.78. The current stock performance of BanColombia shows a 52-week-high of $30.89 and a 52-week-low of $21.55. Moreover, at the end of the last trading period, the closing price was at $28.10.
See all analyst ratings downgrades.
Initiations
B. Riley Securities initiated coverage on YETI Holdings Inc (NYSE:YETI) with a Neutral rating. The price target for YETI Holdings is set to $50.00. In the second quarter, YETI Holdings showed an EPS of $0.57, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.27 and a 52-week-low of $27.95. YETI Holdings closed at $49.55 at the end of the last trading period.
BTIG initiated coverage on Overstock.com Inc (NASDAQ:OSTK) with a Neutral rating. Overstock.com earned $0.02 in the second quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.27 and a 52-week-low of $17.05. Overstock.com closed at $17.95 at the end of the last trading period.
With an Underperform rating, Jefferies initiated coverage on Ecopetrol SA (NYSE:EC). The price target seems to have been set at $11.20 for Ecopetrol. Ecopetrol earned $0.45 in the second quarter, compared to $1.30 in the year-ago quarter. The current stock performance of Ecopetrol shows a 52-week-high of $13.08 and a 52-week-low of $8.59. Moreover, at the end of the last trading period, the closing price was at $12.90.
With a Hold rating, Jefferies initiated coverage on YPF SA (NYSE:YPF). The price target seems to have been set at $14.50 for YPF. YPF earned $0.82 in the second quarter, compared to $2.01 in the year-ago quarter. The current stock performance of YPF shows a 52-week-high of $16.19 and a 52-week-low of $6.01. Moreover, at the end of the last trading period, the closing price was at $12.79.
Jefferies initiated coverage on Pampa Energia SA (NYSE:PAM) with a Buy rating. The price target for Pampa Energia is set to $56.00. For the second quarter, Pampa Energia had an EPS of $3.01, compared to year-ago quarter EPS of $1.20. The stock has a 52-week-high of $48.79 and a 52-week-low of $22.05. At the end of the last trading period, Pampa Energia closed at $40.33.
With a Buy rating, Jefferies initiated coverage on GeoPark Ltd (NYSE:GPRK). The price target seems to have been set at $14.50 for GeoPark. GeoPark earned $0.59 in the second quarter, compared to $1.13 in the year-ago quarter. The current stock performance of GeoPark shows a 52-week-high of $16.17 and a 52-week-low of $8.83. Moreover, at the end of the last trading period, the closing price was at $10.11.
Jefferies initiated coverage on Petroleo Brasileiro SA Petrobras (NYSE:PBR) with a Buy rating. The price target for Petrobras Brasileiro is set to $21.20. Petrobras Brasileiro earned $0.90 in the second quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Petrobras Brasileiro shows a 52-week-high of $16.32 and a 52-week-low of $8.88. Moreover, at the end of the last trading period, the closing price was at $15.33.
Jefferies initiated coverage on Ultrapar Participacoes SA (NYSE:UGP) with an Underperform rating. The price target for Ultrapar Participacoes is set to $3.30. In the second quarter, Ultrapar Participacoes showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. The current stock performance of Ultrapar Participacoes shows a 52-week-high of $4.11 and a 52-week-low of $2.13. Moreover, at the end of the last trading period, the closing price was at $3.86.
Jefferies initiated coverage on Vista Energy SAB de CV (NYSE:VIST) with a Buy rating. The price target for Vista Energy is set to $40.00. For the second quarter, Vista Energy had an EPS of $0.52, compared to year-ago quarter EPS of $1.06. At the moment, the stock has a 52-week-high of $28.37 and a 52-week-low of $8.37. Vista Energy closed at $27.00 at the end of the last trading period.
Barclays initiated coverage on Organon & Co (NYSE:OGN) with an Overweight rating. The price target for Organon is set to $28.00. For the second quarter, Organon had an EPS of $1.31, compared to year-ago quarter EPS of $1.25. At the moment, the stock has a 52-week-high of $32.43 and a 52-week-low of $18.87. Organon closed at $18.92 at the end of the last trading period.
Barclays initiated coverage on Alvotech (NASDAQ:ALVO) with a Equal-Weight rating. The price target for Alvotech is set to $10.00. At the moment, the stock has a 52-week-high of $14.60 and a 52-week-low of $5.56. Alvotech closed at $9.10 at the end of the last trading period.
For Broadstone Net Lease Inc (NYSE:BNL), JMP Securities initiated coverage, by setting the current rating at Market Perform. In the second quarter, Broadstone Net Lease showed an EPS of $0.35, compared to $0.35 from the year-ago quarter. The current stock performance of Broadstone Net Lease shows a 52-week-high of $18.86 and a 52-week-low of $14.99. Moreover, at the end of the last trading period, the closing price was at $15.97.
Wells Fargo initiated coverage on Realty Income Corp (NYSE:O) with a Equal-Weight rating. The price target for Realty Income is set to $59.00. For the second quarter, Realty Income had an EPS of $1.00, compared to year-ago quarter EPS of $0.97. The current stock performance of Realty Income shows a 52-week-high of $68.85 and a 52-week-low of $53.65. Moreover, at the end of the last trading period, the closing price was at $53.80.
Wells Fargo initiated coverage on Agree Realty Corp (NYSE:ADC) with an Overweight rating. The price target for Agree Realty is set to $70.00. For the second quarter, Agree Realty had an EPS of $0.98, compared to year-ago quarter EPS of $0.97. The current stock performance of Agree Realty shows a 52-week-high of $75.71 and a 52-week-low of $58.65. Moreover, at the end of the last trading period, the closing price was at $58.72.
Wells Fargo initiated coverage on Four Corners Property Trust Inc (NYSE:FCPT) with an Overweight rating. The price target for Four Corners Prop is set to $28.00. For the second quarter, Four Corners Prop had an EPS of $0.42, compared to year-ago quarter EPS of $0.41. The stock has a 52-week-high of $29.30 and a 52-week-low of $22.70. At the end of the last trading period, Four Corners Prop closed at $24.13.
With an Overweight rating, Wells Fargo initiated coverage on Essential Properties Realty Trust Inc (NYSE:EPRT). The price target seems to have been set at $27.00 for Essential Props Realty. Essential Props Realty earned $0.41 in the second quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $26.43 and a 52-week-low of $18.89. At the end of the last trading period, Essential Props Realty closed at $23.48.
Wells Fargo initiated coverage on VICI Properties Inc (NYSE:VICI) with an Overweight rating. The price target for VICI Props is set to $36.00. In the second quarter, VICI Props showed an EPS of $0.54, compared to $0.48 from the year-ago quarter. The current stock performance of VICI Props shows a 52-week-high of $35.07 and a 52-week-low of $28.49. Moreover, at the end of the last trading period, the closing price was at $30.66.
With an Underweight rating, Wells Fargo initiated coverage on Spirit Realty Capital Inc (NYSE:SRC). The price target seems to have been set at $36.00 for Spirit Realty Cap. In the second quarter, Spirit Realty Cap showed an EPS of $0.91, compared to $0.90 from the year-ago quarter. The stock has a 52-week-high of $44.65 and a 52-week-low of $34.44. At the end of the last trading period, Spirit Realty Cap closed at $36.67.
Wells Fargo initiated coverage on EPR Properties (NYSE:EPR) with an Underweight rating. The price target for EPR Props is set to $40.00. For the second quarter, EPR Props had an EPS of $1.28, compared to year-ago quarter EPS of $1.17. At the moment, the stock has a 52-week-high of $47.71 and a 52-week-low of $33.92. EPR Props closed at $42.76 at the end of the last trading period.