Benzinga's Top Ratings Upgrades, Downgrades For May 15, 2023

Upgrades

According to Baird, the prior rating for Albemarle Corp ALB was changed from Neutral to Outperform. For the first quarter, Albemarle had an EPS of $10.32, compared to year-ago quarter EPS of $2.38. At the moment, the stock has a 52-week-high of $334.20 and a 52-week-low of $171.82. Albemarle closed at $195.79 at the end of the last trading period.

For DuPont de Nemours Inc DD, Deutsche Bank upgraded the previous rating of Hold to Buy. For the first quarter, DuPont de Nemours had an EPS of $0.84, compared to year-ago quarter EPS of $0.82. The current stock performance of DuPont de Nemours shows a 52-week-high of $78.40 and a 52-week-low of $49.52. Moreover, at the end of the last trading period, the closing price was at $63.77.

According to Keybanc, the prior rating for LXP Industrial Trust LXP was changed from Sector Weight to Overweight. For the first quarter, LXP Industrial Trust had an EPS of $0.17, compared to year-ago quarter EPS of $0.16. The current stock performance of LXP Industrial Trust shows a 52-week-high of $11.92 and a 52-week-low of $8.81. Moreover, at the end of the last trading period, the closing price was at $9.82.

See all analyst ratings upgrades.

Downgrades

For Essex Property Trust Inc ESS, Wolfe Research downgraded the previous rating of Peer Perform to Underperform. For the first quarter, Essex Property Trust had an EPS of $3.65, compared to year-ago quarter EPS of $3.37. The stock has a 52-week-high of $300.31 and a 52-week-low of $195.03. At the end of the last trading period, Essex Property Trust closed at $215.32.

According to Wolfe Research, the prior rating for Mid-America Apartment Communities Inc MAA was changed from Peer Perform to Underperform. In the first quarter, Mid-America Apartment showed an EPS of $2.28, compared to $1.97 from the year-ago quarter. The stock has a 52-week-high of $190.17 and a 52-week-low of $138.68. At the end of the last trading period, Mid-America Apartment closed at $153.39.

For Silk Road Medical Inc SILK, Wolfe Research downgraded the previous rating of Peer Perform to Underperform. Silk Road Medical earned $0.43 in the first quarter, compared to $0.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.04 and a 52-week-low of $27.32. Silk Road Medical closed at $36.56 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Market Perform rating, BMO Capital initiated coverage on FactSet Research Systems Inc FDS. The price target seems to have been set at $424.00 for FactSet Research Systems. In the second quarter, FactSet Research Systems showed an EPS of $3.80, compared to $3.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $473.90 and a 52-week-low of $347.17. FactSet Research Systems closed at $398.36 at the end of the last trading period.

See all analyst ratings initiations.