Benzinga's Top Ratings Upgrades, Downgrades For July 29, 2022

Upgrades

For The Carlyle Group Inc CG, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. Carlyle Group earned $1.17 in the second quarter, compared to $0.88 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.00 and a 52-week-low of $30.01. Carlyle Group closed at $37.52 at the end of the last trading period.
Oppenheimer upgraded the previous rating for First Solar Inc FSLR from Perform to Outperform. In the second quarter, First Solar showed an EPS of $0.52, compared to $0.77 from the year-ago quarter. The current stock performance of First Solar shows a 52-week-high of $92.54 and a 52-week-low of $59.60. Moreover, at the end of the last trading period, the closing price was at $88.50.
According to B of A Securities, the prior rating for NOV Inc NOV was changed from Underperform to Neutral. For the second quarter, NOV had an EPS of $0.18, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $24.06 and a 52-week-low of $13.62. NOV closed at $16.92 at the end of the last trading period.
B of A Securities upgraded the previous rating for New Oriental Education & Technology Group Inc EDU from Neutral to Buy. For the fourth quarter, New Oriental Education had an EPS of $0.94, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $29.73 and a 52-week-low of $0.84. At the end of the last trading period, New Oriental Education closed at $29.00.
According to Baird, the prior rating for Northrop Grumman Corp NOC was changed from Neutral to Outperform. For the second quarter, Northrop Grumman had an EPS of $6.06, compared to year-ago quarter EPS of $6.42. At the moment, the stock has a 52-week-high of $492.30 and a 52-week-low of $364.62. Northrop Grumman closed at $454.46 at the end of the last trading period.
According to Needham, the prior rating for ExlService Holdings Inc EXLS was changed from Hold to Buy. ExlService Holdings earned $1.50 in the second quarter, compared to $1.14 in the year-ago quarter. The current stock performance of ExlService Holdings shows a 52-week-high of $164.16 and a 52-week-low of $112.14. Moreover, at the end of the last trading period, the closing price was at $163.52.

See all analyst ratings upgrades.

Downgrades

Barrington Research downgraded the previous rating for Paramount Global PARA from Outperform to Market Perform. In the first quarter, Paramount Global showed an EPS of $0.60, compared to $1.52 from the year-ago quarter. The stock has a 52-week-high of $39.21 and a 52-week-low of $23.59. At the end of the last trading period, Paramount Global closed at $24.35.
According to B of A Securities, the prior rating for Ping Identity Holding Corp PING was changed from Buy to Neutral. Ping Identity Holding earned $0.06 in the first quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Ping Identity Holding shows a 52-week-high of $30.40 and a 52-week-low of $15.85. Moreover, at the end of the last trading period, the closing price was at $17.40.
For Stanley Black & Decker Inc SWK, Vertical Research downgraded the previous rating of Buy to Hold. Stanley Black & Decker earned $1.77 in the second quarter, compared to $3.08 in the year-ago quarter. The current stock performance of Stanley Black & Decker shows a 52-week-high of $196.52 and a 52-week-low of $98.00. Moreover, at the end of the last trading period, the closing price was at $98.58.
Wolfe Research downgraded the previous rating for Euronet Worldwide Inc EEFT from Outperform to Peer Perform. For the second quarter, Euronet Worldwide had an EPS of $1.73, compared to year-ago quarter EPS of $0.53. The stock has a 52-week-high of $149.92 and a 52-week-low of $92.88. At the end of the last trading period, Euronet Worldwide closed at $97.35.
According to Wolfe Research, the prior rating for Comcast Corp CMCSA was changed from Peer Perform to Underperform. In the second quarter, Comcast showed an EPS of $1.01, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $52.10 and a 52-week-low of $37.56. At the end of the last trading period, Comcast closed at $39.41.
Craig-Hallum downgraded the previous rating for Avaya Holdings Corp AVYA from Buy to Hold. For the second quarter, Avaya Hldgs had an EPS of $0.53, compared to year-ago quarter EPS of $0.74. The stock has a 52-week-high of $21.65 and a 52-week-low of $1.82. At the end of the last trading period, Avaya Hldgs closed at $2.09.
For Janus Henderson Group PLC JHG, Citigroup downgraded the previous rating of Neutral to Sell. In the second quarter, Janus Henderson Gr showed an EPS of $0.63, compared to $1.16 from the year-ago quarter. The stock has a 52-week-high of $44.11 and a 52-week-low of $22.22. At the end of the last trading period, Janus Henderson Gr closed at $25.33.
According to Nomura Instinet, the prior rating for GDS Holdings Ltd GDS was changed from Buy to Neutral. GDS Holdings earned $0.48 in the first quarter, compared to $0.25 in the year-ago quarter. The current stock performance of GDS Holdings shows a 52-week-high of $48.42 and a 52-week-low of $19.83. Moreover, at the end of the last trading period, the closing price was at $28.07.
According to Piper Sandler, the prior rating for Floor & Decor Holdings Inc FND was changed from Overweight to Neutral. In the first quarter, Floor & Decor Hldgs showed an EPS of $0.67, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $131.88 and a 52-week-low of $59.91. Floor & Decor Hldgs closed at $79.07 at the end of the last trading period.
According to Stifel, the prior rating for Wingstop Inc WING was changed from Buy to Hold. For the second quarter, Wingstop had an EPS of $0.45, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $174.79 and a 52-week-low of $67.67. Wingstop closed at $119.80 at the end of the last trading period.
For Roku Inc ROKU, Susquehanna downgraded the previous rating of Positive to Neutral. For the second quarter, Roku had an EPS of $0.82, compared to year-ago quarter EPS of $0.52. At the moment, the stock has a 52-week-high of $238.36 and a 52-week-low of $72.63. Roku closed at $85.17 at the end of the last trading period.
Susquehanna downgraded the previous rating for Intel Corp INTC from Neutral to Negative. In the second quarter, Intel showed an EPS of $0.29, compared to $1.28 from the year-ago quarter. The current stock performance of Intel shows a 52-week-high of $56.28 and a 52-week-low of $35.54. Moreover, at the end of the last trading period, the closing price was at $39.71.
Benchmark downgraded the previous rating for Tilray Brands Inc TLRY from Hold to Sell. Tilray Brands earned $0.19 in the fourth quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Tilray Brands shows a 52-week-high of $9.08 and a 52-week-low of $3.00. Moreover, at the end of the last trading period, the closing price was at $3.65.
Goldman Sachs downgraded the previous rating for Hayward Holdings Inc HAYW from Buy to Neutral. In the second quarter, Hayward Holdings showed an EPS of $0.29, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.38 and a 52-week-low of $10.48. Hayward Holdings closed at $11.21 at the end of the last trading period.
For Roku Inc ROKU, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. For the second quarter, Roku had an EPS of $0.82, compared to year-ago quarter EPS of $0.52. The current stock performance of Roku shows a 52-week-high of $238.36 and a 52-week-low of $72.63. Moreover, at the end of the last trading period, the closing price was at $85.17.
According to DZ Bank, the prior rating for Qualcomm Inc QCOM was changed from Buy to Hold. Qualcomm earned $2.96 in the third quarter, compared to $1.92 in the year-ago quarter. At the moment, the stock has a 52-week-high of $193.58 and a 52-week-low of $118.22. Qualcomm closed at $146.45 at the end of the last trading period.
DZ Bank downgraded the previous rating for Meta Platforms Inc META from Hold to Sell. For the second quarter, Meta Platforms had an EPS of $2.46, compared to year-ago quarter EPS of $3.61. The stock has a 52-week-high of $199.45 and a 52-week-low of $11.73. At the end of the last trading period, Meta Platforms closed at $160.72.
According to Baird, the prior rating for Intel Corp INTC was changed from Outperform to Neutral. For the second quarter, Intel had an EPS of $0.29, compared to year-ago quarter EPS of $1.28. The current stock performance of Intel shows a 52-week-high of $56.28 and a 52-week-low of $35.54. Moreover, at the end of the last trading period, the closing price was at $39.71.
For Comcast Corp CMCSA, Macquarie downgraded the previous rating of Neutral to Underperform. For the second quarter, Comcast had an EPS of $1.01, compared to year-ago quarter EPS of $0.84. The current stock performance of Comcast shows a 52-week-high of $52.10 and a 52-week-low of $37.56. Moreover, at the end of the last trading period, the closing price was at $39.41.
RBC Capital downgraded the previous rating for Bausch Health Companies Inc BHC from Outperform to Sector Perform. For the first quarter, Bausch Health Companies had an EPS of $0.72, compared to year-ago quarter EPS of $1.02. The stock has a 52-week-high of $28.08 and a 52-week-low of $4.00. At the end of the last trading period, Bausch Health Companies closed at $5.10.
According to Wells Fargo, the prior rating for Teleflex Inc TFX was changed from Overweight to Equal-Weight. Teleflex earned $3.39 in the second quarter, compared to $3.35 in the year-ago quarter. The stock has a 52-week-high of $356.72 and a 52-week-low of $235.01. At the end of the last trading period, Teleflex closed at $245.69.
For Edwards Lifesciences Corp EW, Canaccord Genuity downgraded the previous rating of Buy to Hold. In the second quarter, Edwards Lifesciences showed an EPS of $0.63, compared to $0.64 from the year-ago quarter. The stock has a 52-week-high of $131.10 and a 52-week-low of $85.58. At the end of the last trading period, Edwards Lifesciences closed at $107.29.
For Stanley Black & Decker Inc SWK, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the second quarter, Stanley Black & Decker showed an EPS of $1.77, compared to $3.08 from the year-ago quarter. The current stock performance of Stanley Black & Decker shows a 52-week-high of $196.52 and a 52-week-low of $98.00. Moreover, at the end of the last trading period, the closing price was at $98.58.
For Verano Holdings Corp VRNOF, Needham downgraded the previous rating of Buy to Hold. At the moment, the stock has a 52-week-high of $13.94 and a 52-week-low of $5.32. Verano Holdings closed at $6.22 at the end of the last trading period.
Baird downgraded the previous rating for argenx SE ARGX from Outperform to Neutral. For the second quarter, argenx had an EPS of $3.81, compared to year-ago quarter EPS of $1.98. The stock has a 52-week-high of $387.89 and a 52-week-low of $249.50. At the end of the last trading period, argenx closed at $372.97.
According to JP Morgan, the prior rating for Spirit Airlines Inc SAVE was changed from Overweight to Underweight. For the first quarter, Spirit Airlines had an EPS of $1.60, compared to year-ago quarter EPS of $2.48. At the moment, the stock has a 52-week-high of $28.30 and a 52-week-low of $15.92. Spirit Airlines closed at $25.66 at the end of the last trading period.
According to JP Morgan, the prior rating for Bausch Health Companies Inc BHC was changed from Overweight to Neutral. Bausch Health Companies earned $0.72 in the first quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.08 and a 52-week-low of $4.00. Bausch Health Companies closed at $5.10 at the end of the last trading period.
JP Morgan downgraded the previous rating for Comcast Corp CMCSA from Overweight to Neutral. Comcast earned $1.01 in the second quarter, compared to $0.84 in the year-ago quarter. The stock has a 52-week-high of $52.10 and a 52-week-low of $37.56. At the end of the last trading period, Comcast closed at $39.41.
According to Jefferies, the prior rating for Holley Inc HLLY was changed from Buy to Hold. Holley earned $0.19 in the first quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $14.68 and a 52-week-low of $8.23. At the end of the last trading period, Holley closed at $12.67.

See all analyst ratings downgrades.

Initiations

Berenberg initiated coverage on Doximity Inc DOCS with a Buy rating. The price target for Doximity is set to $49.00. Doximity earned $0.21 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Doximity shows a 52-week-high of $64.95 and a 52-week-low of $27.06. Moreover, at the end of the last trading period, the closing price was at $41.62.
Jefferies initiated coverage on Prelude Therapeutics Inc PRLD with a Buy rating. The price target for Prelude Therapeutics is set to $9.00. Prelude Therapeutics earned $0.63 in the first quarter, compared to $0.47 in the year-ago quarter. The stock has a 52-week-high of $13.40 and a 52-week-low of $3.87. At the end of the last trading period, Prelude Therapeutics closed at $5.55.
With an Overweight rating, Capital One initiated coverage on Amphastar Pharmaceuticals Inc AMPH. The price target seems to have been set at $44.00 for Amphastar Pharmaceuticals. Amphastar Pharmaceuticals earned $0.47 in the first quarter, compared to $0.27 in the year-ago quarter. The current stock performance of Amphastar Pharmaceuticals shows a 52-week-high of $44.46 and a 52-week-low of $22.07. Moreover, at the end of the last trading period, the closing price was at $37.27.
Credit Suisse initiated coverage on Bill.com Holdings Inc BILL with an Outperform rating. The price target for Bill.com Holdings is set to $160.00. In the third quarter, Bill.com Holdings showed an EPS of $0.08, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $262.17 and a 52-week-low of $89.87. Bill.com Holdings closed at $132.40 at the end of the last trading period.
For Haleon PLC HLN, Deutsche Bank initiated coverage, by setting the current rating at Hold.
With an Outperform rating, RBC Capital initiated coverage on Evolent Health Inc EVH. The price target seems to have been set at $40.00 for Evolent Health. For the first quarter, Evolent Health had an EPS of $0.12, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $35.19 and a 52-week-low of $21.36. At the end of the last trading period, Evolent Health closed at $34.22.
With a Sector Perform rating, RBC Capital initiated coverage on Signify Health Inc SGFY. The price target seems to have been set at $18.00 for Signify Health. In the first quarter, Signify Health showed an EPS of $0.06, compared to $0.14 from the year-ago quarter. The current stock performance of Signify Health shows a 52-week-high of $19.00 and a 52-week-low of $10.70. Moreover, at the end of the last trading period, the closing price was at $17.65.