Benzinga's Top Ratings Upgrades, Downgrades For May 12, 2023

Upgrades

According to SVB Leerink, the prior rating for Bolt Biotherapeutics Inc BOLT was changed from Market Perform to Outperform. In the first quarter, Bolt Biotherapeutics showed an EPS of $0.45, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.72 and a 52-week-low of $1.18. Bolt Biotherapeutics closed at $1.60 at the end of the last trading period.

According to Tudor Pickering, the prior rating for Montauk Renewables Inc MNTK was changed from Sell to Hold. For the first quarter, Montauk Renewables had an EPS of $0.03, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $20.78 and a 52-week-low of $5.46. At the end of the last trading period, Montauk Renewables closed at $6.06.

CFRA upgraded the previous rating for The ODP Corp ODP from Hold to Buy. In the first quarter, ODP showed an EPS of $1.78, compared to $1.27 from the year-ago quarter. The current stock performance of ODP shows a 52-week-high of $53.59 and a 52-week-low of $28.85. Moreover, at the end of the last trading period, the closing price was at $41.86.

According to CFRA, the prior rating for RWE AG RWEOY was changed from Hold to Buy. In the first quarter, RWE showed an EPS of $2.41, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $47.51 and a 52-week-low of $34.98. At the end of the last trading period, RWE closed at $45.54.

According to DZ Bank, the prior rating for Electronic Arts Inc EA was changed from Hold to Buy. Electronic Arts earned $1.78 in the fourth quarter, compared to $1.46 in the year-ago quarter. At the moment, the stock has a 52-week-high of $142.78 and a 52-week-low of $108.53. Electronic Arts closed at $125.32 at the end of the last trading period.

For Nutrien Ltd NTR, Raymond James upgraded the previous rating of Market Perform to Outperform. Nutrien earned $1.11 in the first quarter, compared to $2.70 in the year-ago quarter. The stock has a 52-week-high of $104.61 and a 52-week-low of $58.75. At the end of the last trading period, Nutrien closed at $61.74.

For American States Water Co AWR, Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. For the first quarter, American States Water had an EPS of $0.57, compared to year-ago quarter EPS of $0.38. The current stock performance of American States Water shows a 52-week-high of $100.42 and a 52-week-low of $71.23. Moreover, at the end of the last trading period, the closing price was at $89.46.

For Enovis Corp ENOV, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the first quarter, Enovis showed an EPS of $0.44, compared to $0.37 from the year-ago quarter. The current stock performance of Enovis shows a 52-week-high of $67.66 and a 52-week-low of $44.07. Moreover, at the end of the last trading period, the closing price was at $55.79.

Credit Suisse upgraded the previous rating for Vitru Ltd VTRU from Neutral to Outperform. For the first quarter, Vitru had an EPS of $0.44, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $23.99 and a 52-week-low of $11.65. At the end of the last trading period, Vitru closed at $15.32.

Raymond James upgraded the previous rating for Mesa Air Group Inc MESA from Underperform to Market Perform. In the second quarter, Mesa Air Gr showed an EPS of $0.53, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $3.82 and a 52-week-low of $1.03. At the end of the last trading period, Mesa Air Gr closed at $1.42.

Cantor Fitzgerald upgraded the previous rating for Iris Energy Ltd IREN from Neutral to Overweight. The current stock performance of Iris Energy shows a 52-week-high of $7.83 and a 52-week-low of $1.02. Moreover, at the end of the last trading period, the closing price was at $3.48.

According to Deutsche Bank, the prior rating for Euronav NV EURN was changed from Hold to Buy. At the moment, the stock has a 52-week-high of $21.00 and a 52-week-low of $9.94. Euronav closed at $16.51 at the end of the last trading period.

According to Jefferies, the prior rating for Allakos Inc ALLK was changed from Hold to Buy. For the first quarter, Allakos had an EPS of $0.49, compared to year-ago quarter EPS of $3.60. The current stock performance of Allakos shows a 52-week-high of $8.73 and a 52-week-low of $2.54. Moreover, at the end of the last trading period, the closing price was at $4.16.

See all analyst ratings upgrades.

Downgrades

According to SVB Leerink, the prior rating for Arrowhead Pharmaceuticals Inc ARWR was changed from Outperform to Market Perform. For the second quarter, Arrowhead Pharma had an EPS of $0.45, compared to year-ago quarter EPS of $0.41. The current stock performance of Arrowhead Pharma shows a 52-week-high of $48.48 and a 52-week-low of $23.09. Moreover, at the end of the last trading period, the closing price was at $40.08.

For ADS-TEC Energy PLC ADSE, Roth MKM downgraded the previous rating of Buy to Neutral. NoneThe current stock performance of ADS-TEC Energy shows a 52-week-high of $8.71 and a 52-week-low of $1.91. Moreover, at the end of the last trading period, the closing price was at $3.00.

For Stantec Inc STN, Raymond James downgraded the previous rating of Strong Buy to Outperform. For the first quarter, Stantec had an EPS of $0.54, compared to year-ago quarter EPS of $0.48. At the moment, the stock has a 52-week-high of $62.31 and a 52-week-low of $40.92. Stantec closed at $59.15 at the end of the last trading period.

BMO Capital downgraded the previous rating for Compx International Inc CIX from Outperform to Market Perform. For the first quarter, Compx Intl had an EPS of $0.49, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $28.46 and a 52-week-low of $16.06. At the end of the last trading period, Compx Intl closed at $18.68.

According to CFRA, the prior rating for Topgolf Callaway Brands Corp MODG was changed from Buy to Hold. Topgolf Callaway Brands earned $0.17 in the first quarter, compared to $0.36 in the year-ago quarter. The stock has a 52-week-high of $25.96 and a 52-week-low of $16.81. At the end of the last trading period, Topgolf Callaway Brands closed at $17.59.

For Spirit AeroSystems Holdings Inc SPR, CFRA downgraded the previous rating of Strong Buy to Hold. Spirit AeroSystems Hldgs earned $1.69 in the first quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.55 and a 52-week-low of $21.15. Spirit AeroSystems Hldgs closed at $23.73 at the end of the last trading period.

For Absolute Software Corp ABST, Canaccord Genuity downgraded the previous rating of Buy to Hold. In the second quarter, Absolute Software showed an EPS of $0.05, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.57 and a 52-week-low of $6.85. Absolute Software closed at $11.38 at the end of the last trading period.

Chardan Capital downgraded the previous rating for Nauticus Robotics Inc KITT from Buy to Neutral. Nauticus Robotics earned $0.19 in the fourth quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $12.73 and a 52-week-low of $2.04. At the end of the last trading period, Nauticus Robotics closed at $2.31.

Argus Research downgraded the previous rating for The Estee Lauder Companies Inc EL from Buy to Hold. In the third quarter, Estee Lauder Cos showed an EPS of $0.47, compared to $1.90 from the year-ago quarter. The stock has a 52-week-high of $284.27 and a 52-week-low of $186.48. At the end of the last trading period, Estee Lauder Cos closed at $201.79.

According to BMO Capital, the prior rating for CTS Corp CTS was changed from Outperform to Market Perform. For the first quarter, CTS had an EPS of $0.61, compared to year-ago quarter EPS of $0.67. The current stock performance of CTS shows a 52-week-high of $49.59 and a 52-week-low of $31.99. Moreover, at the end of the last trading period, the closing price was at $42.55.

Exane BNP Paribas downgraded the previous rating for PayPal Holdings Inc PYPL from Outperform to Neutral. In the first quarter, PayPal Holdings showed an EPS of $1.17, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $103.02 and a 52-week-low of $62.64. At the end of the last trading period, PayPal Holdings closed at $64.18.

Wells Fargo downgraded the previous rating for SJW Group SJW from Equal-Weight to Underweight. SJW Gr earned $0.37 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of SJW Gr shows a 52-week-high of $83.75 and a 52-week-low of $55.73. Moreover, at the end of the last trading period, the closing price was at $76.18.

According to Wolfe Research, the prior rating for The Walt Disney Co DIS was changed from Outperform to Peer Perform. Walt Disney earned $0.93 in the second quarter, compared to $1.08 in the year-ago quarter. The stock has a 52-week-high of $126.48 and a 52-week-low of $84.08. At the end of the last trading period, Walt Disney closed at $92.31.

Barclays downgraded the previous rating for Compx International Inc CIX from Overweight to Equal-Weight. In the first quarter, Compx Intl showed an EPS of $0.49, compared to $0.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $28.46 and a 52-week-low of $16.06. Compx Intl closed at $18.68 at the end of the last trading period.

According to Wells Fargo, the prior rating for Fox Corp FOXA was changed from Overweight to Equal-Weight. For the third quarter, Fox had an EPS of $0.94, compared to year-ago quarter EPS of $0.81. The current stock performance of Fox shows a 52-week-high of $37.26 and a 52-week-low of $28.02. Moreover, at the end of the last trading period, the closing price was at $30.67.

For ImmunityBio Inc IBRX, Piper Sandler downgraded the previous rating of Overweight to Neutral. For the fourth quarter, ImmunityBio had an EPS of $0.27, compared to year-ago quarter EPS of $0.23. The current stock performance of ImmunityBio shows a 52-week-high of $7.80 and a 52-week-low of $1.21. Moreover, at the end of the last trading period, the closing price was at $2.79.

For Twilio Inc TWLO, Mizuho downgraded the previous rating of Buy to Neutral. In the first quarter, Twilio showed an EPS of $0.47, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $112.87 and a 52-week-low of $41.00. Twilio closed at $47.48 at the end of the last trading period.

For Aveanna Healthcare Holdings Inc AVAH, Raymond James downgraded the previous rating of Strong Buy to Market Perform. In the first quarter, Aveanna Healthcare Hldgs showed an EPS of $0.05, compared to $0.04 from the year-ago quarter. The current stock performance of Aveanna Healthcare Hldgs shows a 52-week-high of $3.15 and a 52-week-low of $0.67. Moreover, at the end of the last trading period, the closing price was at $1.09.

According to Jefferies, the prior rating for Diageo PLC DEO was changed from Buy to Hold. The current stock performance of Diageo shows a 52-week-high of $194.01 and a 52-week-low of $160.09. Moreover, at the end of the last trading period, the closing price was at $182.94.

According to Credit Suisse, the prior rating for Home Point Capital Inc HMPT was changed from Outperform to Neutral. Home Point Capital earned $0.20 in the first quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.63 and a 52-week-low of $0.99. Home Point Capital closed at $2.27 at the end of the last trading period.

For Absolute Software Corp ABST, Needham downgraded the previous rating of Buy to Hold. For the second quarter, Absolute Software had an EPS of $0.05, compared to year-ago quarter EPS of $0.13. The current stock performance of Absolute Software shows a 52-week-high of $12.57 and a 52-week-low of $6.85. Moreover, at the end of the last trading period, the closing price was at $11.38.

See all analyst ratings downgrades.

Initiations

With an Overweight rating, Capital One initiated coverage on Palo Alto Networks Inc PANW. The price target seems to have been set at $247.00 for Palo Alto Networks. Palo Alto Networks earned $1.05 in the second quarter, compared to $0.58 in the year-ago quarter. The stock has a 52-week-high of $203.44 and a 52-week-low of $132.22. At the end of the last trading period, Palo Alto Networks closed at $197.18.

Needham initiated coverage on Trinet Group Inc TNET with a Buy rating. The price target for Trinet Group is set to $115.00. For the first quarter, Trinet Group had an EPS of $2.49, compared to year-ago quarter EPS of $2.55. The stock has a 52-week-high of $95.61 and a 52-week-low of $60.70. At the end of the last trading period, Trinet Group closed at $88.81.

Mizuho initiated coverage on Surgery Partners Inc SGRY with a Buy rating. The price target for Surgery Partners is set to $48.00. Surgery Partners earned $0.08 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Surgery Partners shows a 52-week-high of $48.47 and a 52-week-low of $20.46. Moreover, at the end of the last trading period, the closing price was at $35.18.

Truist Securities initiated coverage on SoFi Technologies Inc SOFI with a Buy rating. The price target for SoFi Techs is set to $8.00. For the first quarter, SoFi Techs had an EPS of $0.05, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $8.52 and a 52-week-low of $4.25. At the end of the last trading period, SoFi Techs closed at $5.14.

With an Overweight rating, Barclays initiated coverage on Biomea Fusion Inc BMEA. The price target seems to have been set at $50.00 for Biomea Fusion. In the first quarter, Biomea Fusion showed an EPS of $0.98, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.68 and a 52-week-low of $3.46. Biomea Fusion closed at $32.10 at the end of the last trading period.

Roth MKM initiated coverage on LanzaTech Global Inc LNZA with a Buy rating. The price target for LanzaTech Global is set to $8.00. The stock has a 52-week-high of $8.75 and a 52-week-low of $2.92. At the end of the last trading period, LanzaTech Global closed at $3.27.

See all analyst ratings initiations.