Benzinga's Top Ratings Upgrades, Downgrades For June 22, 2022
Upgrades
RBC Capital upgraded the previous rating for SiteOne Landscape Supply Inc (NYSE:SITE) from Underperform to Sector Perform. In the first quarter, SiteOne Landscape Supply showed an EPS of $0.70, compared to $0.19 from the year-ago quarter. At the moment, the stock has a 52-week-high of $260.00 and a 52-week-low of $108.77. SiteOne Landscape Supply closed at $112.24 at the end of the last trading period.
JP Morgan upgraded the previous rating for Brixmor Property Group Inc (NYSE:BRX) from Neutral to Overweight. In the first quarter, Brixmor Property Group showed an EPS of $0.49, compared to $0.44 from the year-ago quarter. The current stock performance of Brixmor Property Group shows a 52-week-high of $27.19 and a 52-week-low of $19.42. Moreover, at the end of the last trading period, the closing price was at $19.68.
JP Morgan upgraded the previous rating for Extra Space Storage Inc (NYSE:EXR) from Neutral to Overweight. In the first quarter, Extra Space Storage showed an EPS of $2.01, compared to $1.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $228.84 and a 52-week-low of $156.70. Extra Space Storage closed at $161.82 at the end of the last trading period.
According to JP Morgan, the prior rating for Welltower OP LLC (NYSE:WELL) was changed from Neutral to Overweight. Welltower OP earned $0.82 in the first quarter, compared to $0.80 in the year-ago quarter. At the moment, the stock has a 52-week-high of $99.43 and a 52-week-low of $76.56. Welltower OP closed at $78.68 at the end of the last trading period.
For Cigna Corp (NYSE:CI), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. Cigna earned $6.01 in the first quarter, compared to $4.73 in the year-ago quarter. The current stock performance of Cigna shows a 52-week-high of $273.57 and a 52-week-low of $191.74. Moreover, at the end of the last trading period, the closing price was at $252.18.
For Taylor Morrison Home Corp (NYSE:TMHC), RBC Capital upgraded the previous rating of Sector Perform to Outperform. For the first quarter, Taylor Morrison Home had an EPS of $1.44, compared to year-ago quarter EPS of $0.75. The stock has a 52-week-high of $35.51 and a 52-week-low of $20.05. At the end of the last trading period, Taylor Morrison Home closed at $20.80.
RBC Capital upgraded the previous rating for Summit Materials Inc (NYSE:SUM) from Sector Perform to Outperform. In the first quarter, Summit Materials showed an EPS of $0.41, compared to $0.33 from the year-ago quarter. The current stock performance of Summit Materials shows a 52-week-high of $41.46 and a 52-week-low of $22.93. Moreover, at the end of the last trading period, the closing price was at $23.20.
For Enerpac Tool Group Corp (NYSE:EPAC), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Enerpac Tool Group earned $0.14 in the second quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.26 and a 52-week-low of $16.25. Enerpac Tool Group closed at $17.98 at the end of the last trading period.
For Sensata Technologies Holding PLC (NYSE:ST), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. In the first quarter, Sensata Technologies showed an EPS of $0.78, compared to $0.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $65.58 and a 52-week-low of $40.23. Sensata Technologies closed at $42.39 at the end of the last trading period.
For The Kraft Heinz Co (NASDAQ:KHC), BMO Capital upgraded the previous rating of Market Perform to Outperform. For the first quarter, Kraft Heinz had an EPS of $0.60, compared to year-ago quarter EPS of $0.72. The stock has a 52-week-high of $44.87 and a 52-week-low of $32.78. At the end of the last trading period, Kraft Heinz closed at $36.61.
For PNM Resources Inc (NYSE:PNM), Mizuho upgraded the previous rating of Neutral to Buy. In the first quarter, PNM Resources showed an EPS of $0.50, compared to $0.32 from the year-ago quarter. The current stock performance of PNM Resources shows a 52-week-high of $50.11 and a 52-week-low of $43.43. Moreover, at the end of the last trading period, the closing price was at $44.89.
JP Morgan upgraded the previous rating for Noah Holdings Ltd (NYSE:NOAH) from Neutral to Overweight. In the first quarter, Noah Holdings showed an EPS of $0.73, compared to $1.04 from the year-ago quarter. The current stock performance of Noah Holdings shows a 52-week-high of $49.88 and a 52-week-low of $15.06. Moreover, at the end of the last trading period, the closing price was at $17.03.
Piper Sandler upgraded the previous rating for Palomar Holdings Inc (NASDAQ:PLMR) from Neutral to Overweight. In the first quarter, Palomar Hldgs showed an EPS of $0.68, compared to $0.73 from the year-ago quarter. The stock has a 52-week-high of $97.18 and a 52-week-low of $44.01. At the end of the last trading period, Palomar Hldgs closed at $56.78.
RBC Capital upgraded the previous rating for Equity Residential (NYSE:EQR) from Sector Perform to Outperform. Equity Residential earned $0.77 in the first quarter, compared to $0.68 in the year-ago quarter. The current stock performance of Equity Residential shows a 52-week-high of $94.32 and a 52-week-low of $67.48. Moreover, at the end of the last trading period, the closing price was at $71.26.
See all analyst ratings upgrades.
Downgrades
According to Cannonball Research, the prior rating for New York Times Co (NYSE:NYT) was changed from Buy to Neutral. In the first quarter, New York Times showed an EPS of $0.19, compared to $0.26 from the year-ago quarter. The current stock performance of New York Times shows a 52-week-high of $56.19 and a 52-week-low of $27.85. Moreover, at the end of the last trading period, the closing price was at $29.09.
For Convey Health Solutions Holdings Inc (NYSE:CNVY), Guggenheim downgraded the previous rating of Buy to Neutral. In the first quarter, Convey Health Solutions showed an EPS of $0.02, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $12.48 and a 52-week-low of $3.75. At the end of the last trading period, Convey Health Solutions closed at $10.30.
According to Bernstein, the prior rating for Boston Beer Co Inc (NYSE:SAM) was changed from Outperform to Market Perform. In the first quarter, Boston Beer Co showed an EPS of $0.16, compared to $5.26 from the year-ago quarter. The current stock performance of Boston Beer Co shows a 52-week-high of $1059.04 and a 52-week-low of $287.00. Moreover, at the end of the last trading period, the closing price was at $302.27.
For Nike Inc (NYSE:NKE), Seaport Global downgraded the previous rating of Buy to Neutral. Nike earned $0.87 in the third quarter, compared to $0.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $179.10 and a 52-week-low of $103.46. Nike closed at $108.68 at the end of the last trading period.
According to RBC Capital, the prior rating for Installed Building Products Inc (NYSE:IBP) was changed from Sector Perform to Underperform. In the first quarter, Installed Building Prods showed an EPS of $1.54, compared to $0.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $141.43 and a 52-week-low of $75.57. Installed Building Prods closed at $76.98 at the end of the last trading period.
For Hudson Pacific Properties Inc (NYSE:HPP), B of A Securities downgraded the previous rating of Buy to Neutral. Hudson Pacific Properties earned $0.50 in the first quarter, compared to $0.48 in the year-ago quarter. The stock has a 52-week-high of $29.10 and a 52-week-low of $15.27. At the end of the last trading period, Hudson Pacific Properties closed at $15.83.
Cowen & Co. downgraded the previous rating for Burlington Stores Inc (NYSE:BURL) from Outperform to Market Perform. For the first quarter, Burlington Stores had an EPS of $0.54, compared to year-ago quarter EPS of $2.59. The current stock performance of Burlington Stores shows a 52-week-high of $357.34 and a 52-week-low of $142.41. Moreover, at the end of the last trading period, the closing price was at $154.94.
According to JP Morgan, the prior rating for Medical Properties Trust Inc (NYSE:MPW) was changed from Overweight to Neutral. In the first quarter, Medical Properties Trust showed an EPS of $0.47, compared to $0.42 from the year-ago quarter. The current stock performance of Medical Properties Trust shows a 52-week-high of $24.13 and a 52-week-low of $14.10. Moreover, at the end of the last trading period, the closing price was at $14.66.
According to Barclays, the prior rating for Convey Health Solutions Holdings Inc (NYSE:CNVY) was changed from Overweight to Equal-Weight. For the first quarter, Convey Health Solutions had an EPS of $0.02, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $12.48 and a 52-week-low of $3.75. Convey Health Solutions closed at $10.30 at the end of the last trading period.
For Anthem Inc (NYSE:ANTM), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Anthem earned $8.25 in the first quarter, compared to $7.01 in the year-ago quarter. The stock has a 52-week-high of $533.68 and a 52-week-low of $355.43. At the end of the last trading period, Anthem closed at $460.76.
According to RBC Capital, the prior rating for PulteGroup Inc (NYSE:PHM) was changed from Outperform to Sector Perform. For the first quarter, PulteGroup had an EPS of $1.83, compared to year-ago quarter EPS of $1.28. At the moment, the stock has a 52-week-high of $58.09 and a 52-week-low of $35.03. PulteGroup closed at $37.17 at the end of the last trading period.
According to RBC Capital, the prior rating for JELD-WEN Holding Inc (NYSE:JELD) was changed from Sector Perform to Underperform. JELD-WEN Holding earned $0.16 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $29.89 and a 52-week-low of $13.00. At the end of the last trading period, JELD-WEN Holding closed at $13.13.
For Beacon Roofing Supply Inc (NASDAQ:BECN), RBC Capital downgraded the previous rating of Outperform to Sector Perform. For the second quarter, Beacon Roofing Supply had an EPS of $1.06, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $65.30 and a 52-week-low of $46.62. Beacon Roofing Supply closed at $49.82 at the end of the last trading period.
For GMS Inc (NYSE:GMS), RBC Capital downgraded the previous rating of Outperform to Sector Perform. GMS earned $1.74 in the third quarter, compared to $0.60 in the year-ago quarter. The stock has a 52-week-high of $61.79 and a 52-week-low of $39.19. At the end of the last trading period, GMS closed at $39.87.
According to Cowen & Co., the prior rating for Jack In The Box Inc (NASDAQ:JACK) was changed from Outperform to Market Perform. In the second quarter, Jack In The Box showed an EPS of $1.16, compared to $1.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $122.35 and a 52-week-low of $57.04. Jack In The Box closed at $60.00 at the end of the last trading period.
Wells Fargo downgraded the previous rating for The Scotts Miracle Gro Co (NYSE:SMG) from Overweight to Equal-Weight. In the second quarter, Scotts Miracle Gro showed an EPS of $5.03, compared to $5.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $198.18 and a 52-week-low of $74.77. Scotts Miracle Gro closed at $76.34 at the end of the last trading period.
For Dow Inc (NYSE:DOW), Credit Suisse downgraded the previous rating of Neutral to Underperform. In the first quarter, Dow showed an EPS of $2.34, compared to $1.36 from the year-ago quarter. The stock has a 52-week-high of $71.86 and a 52-week-low of $52.07. At the end of the last trading period, Dow closed at $54.95.
See all analyst ratings downgrades.
Initiations
Lake Street initiated coverage on UFP Technologies Inc (NASDAQ:UFPT) with a Buy rating. In the first quarter, UFP Techs showed an EPS of $0.64, compared to $0.55 from the year-ago quarter. The current stock performance of UFP Techs shows a 52-week-high of $81.77 and a 52-week-low of $56.00. Moreover, at the end of the last trading period, the closing price was at $73.59.
BTIG initiated coverage on Akoya Biosciences Inc (NASDAQ:AKYA) with a Buy rating. The price target for Akoya Biosciences is set to $16.00. Akoya Biosciences earned $0.44 in the first quarter, compared to $3.54 in the year-ago quarter. The stock has a 52-week-high of $21.84 and a 52-week-low of $8.02. At the end of the last trading period, Akoya Biosciences closed at $9.29.
B of A Securities initiated coverage on Holley Inc (NYSE:HLLY) with a Buy rating. The price target for Holley is set to $13.00. At the moment, the stock has a 52-week-high of $14.68 and a 52-week-low of $8.23. Holley closed at $10.07 at the end of the last trading period.
With a Buy rating, Johnson Rice initiated coverage on ProFrac Holding Corp (NASDAQ:PFHC). The price target seems to have been set at $31.00 for ProFrac Holding. The current stock performance of ProFrac Holding shows a 52-week-high of $23.62 and a 52-week-low of $16.75. Moreover, at the end of the last trading period, the closing price was at $21.49.
HC Wainwright & Co. initiated coverage on Celularity Inc (NASDAQ:CELU) with a Buy rating. The price target for Celularity is set to $15.00. Celularity earned $0.48 in the first quarter, compared to $3.40 in the year-ago quarter. The current stock performance of Celularity shows a 52-week-high of $13.40 and a 52-week-low of $3.63. Moreover, at the end of the last trading period, the closing price was at $3.78.
With a Buy rating, Jefferies initiated coverage on 4D Molecular Therapeutics Inc (NASDAQ:FDMT). The price target seems to have been set at $22.00 for 4D Molecular Therapeutics. In the first quarter, 4D Molecular Therapeutics showed an EPS of $0.82, compared to $0.61 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.14 and a 52-week-low of $5.32. 4D Molecular Therapeutics closed at $6.51 at the end of the last trading period.