Benzinga's Top Ratings Upgrades, Downgrades For May 19, 2023

Upgrades

For MaxLinear Inc MXL, Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. MaxLinear earned $0.74 in the first quarter, compared to $1.00 in the year-ago quarter. The stock has a 52-week-high of $43.66 and a 52-week-low of $23.05. At the end of the last trading period, MaxLinear closed at $27.43.

Argus Research upgraded the previous rating for The Wendy's Co WEN from Hold to Buy. For the first quarter, Wendy's had an EPS of $0.21, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $23.90 and a 52-week-low of $16.07. At the end of the last trading period, Wendy's closed at $23.50.

For First Commonwealth Financial Corp FCF, Stephens & Co. upgraded the previous rating of Equal-Weight to Overweight. For the first quarter, First Commonwealth had an EPS of $0.45, compared to year-ago quarter EPS of $0.29. The stock has a 52-week-high of $16.53 and a 52-week-low of $11.32. At the end of the last trading period, First Commonwealth closed at $12.72.

JP Morgan upgraded the previous rating for Austal Ltd AUTLF from Neutral to Overweight.

According to Citigroup, the prior rating for Gap Inc GPS was changed from Sell to Neutral. For the fourth quarter, Gap had an EPS of $0.75, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $15.49 and a 52-week-low of $7.48. At the end of the last trading period, Gap closed at $8.11.

Morgan Stanley upgraded the previous rating for Shake Shack Inc SHAK from Underweight to Equal-Weight. In the first quarter, Shake Shack showed an EPS of $0.01, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $71.94 and a 52-week-low of $37.72. At the end of the last trading period, Shake Shack closed at $66.72.

JP Morgan upgraded the previous rating for Bloom Energy Corp BE from Neutral to Overweight. In the first quarter, Bloom Energy showed an EPS of $0.22, compared to $0.32 from the year-ago quarter. The current stock performance of Bloom Energy shows a 52-week-high of $31.47 and a 52-week-low of $12.33. Moreover, at the end of the last trading period, the closing price was at $13.65.

Mizuho upgraded the previous rating for EOG Resources Inc EOG from Neutral to Buy. In the first quarter, EOG Resources showed an EPS of $2.69, compared to $4.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $150.78 and a 52-week-low of $92.22. EOG Resources closed at $112.02 at the end of the last trading period.

Mizuho upgraded the previous rating for Range Resources Corp RRC from Neutral to Buy. In the first quarter, Range Resources showed an EPS of $0.99, compared to $1.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $37.39 and a 52-week-low of $22.61. Range Resources closed at $29.49 at the end of the last trading period.

Mizuho upgraded the previous rating for Gulfport Energy Corp GPOR from Neutral to Buy. Gulfport Energy earned $7.14 in the first quarter, compared to $6.15 in the year-ago quarter. The stock has a 52-week-high of $107.83 and a 52-week-low of $60.15. At the end of the last trading period, Gulfport Energy closed at $101.55.

For TE Connectivity Ltd TEL, Credit Suisse upgraded the previous rating of Neutral to Outperform. For the second quarter, TE Connectivity had an EPS of $1.65, compared to year-ago quarter EPS of $1.81. At the moment, the stock has a 52-week-high of $138.17 and a 52-week-low of $104.94. TE Connectivity closed at $123.09 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Benchmark, the prior rating for Curaleaf Holdings Inc CURLF was changed from Buy to Hold. In the first quarter, Curaleaf Holdings showed an EPS of $0.05, compared to $0.04 from the year-ago quarter. The stock has a 52-week-high of $7.90 and a 52-week-low of $2.19. At the end of the last trading period, Curaleaf Holdings closed at $2.88.

For SciPlay Corp SCPL, Deutsche Bank downgraded the previous rating of Buy to Hold. SciPlay earned $0.24 in the first quarter, compared to $0.18 in the year-ago quarter. The current stock performance of SciPlay shows a 52-week-high of $19.87 and a 52-week-low of $10.69. Moreover, at the end of the last trading period, the closing price was at $19.66.

According to Macquarie, the prior rating for The Walt Disney Co DIS was changed from Outperform to Neutral. In the second quarter, Walt Disney showed an EPS of $0.93, compared to $1.08 from the year-ago quarter. The current stock performance of Walt Disney shows a 52-week-high of $126.48 and a 52-week-low of $84.08. Moreover, at the end of the last trading period, the closing price was at $93.76.

For Noodles & Co NDLS, Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. Noodles earned $0.05 in the first quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $6.78 and a 52-week-low of $3.65. At the end of the last trading period, Noodles closed at $3.81.

According to Mizuho, the prior rating for PBF Energy Inc PBF was changed from Buy to Neutral. For the first quarter, PBF Energy had an EPS of $2.76, compared to year-ago quarter EPS of $0.35. At the moment, the stock has a 52-week-high of $48.88 and a 52-week-low of $24.63. PBF Energy closed at $37.81 at the end of the last trading period.

For Urstadt Biddle Properties Inc UBA, Piper Sandler downgraded the previous rating of Overweight to Neutral. For the first quarter, Urstadt Biddle Properties had an EPS of $0.42, compared to year-ago quarter EPS of $0.33. The current stock performance of Urstadt Biddle Properties shows a 52-week-high of $20.35 and a 52-week-low of $15.12. Moreover, at the end of the last trading period, the closing price was at $20.10.

According to Credit Suisse, the prior rating for Amphenol Corp APH was changed from Outperform to Neutral. For the first quarter, Amphenol had an EPS of $0.69, compared to year-ago quarter EPS of $0.67. At the moment, the stock has a 52-week-high of $82.86 and a 52-week-low of $61.67. Amphenol closed at $76.14 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

CL King initiated coverage on The Toro Co TTC with a Buy rating. The price target for Toro is set to $133.00. Toro earned $0.98 in the first quarter, compared to $0.66 in the year-ago quarter. The current stock performance of Toro shows a 52-week-high of $117.66 and a 52-week-low of $72.06. Moreover, at the end of the last trading period, the closing price was at $106.63.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Bitfarms Ltd BITF. The price target seems to have been set at $2.00 for Bitfarms. For the first quarter, Bitfarms had an EPS of $0.01, compared to year-ago quarter EPS of $0.02. The current stock performance of Bitfarms shows a 52-week-high of $2.33 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $1.15.

B of A Securities initiated coverage on Xencor Inc XNCR with a Buy rating. The price target for Xencor is set to $42.00. For the first quarter, Xencor had an EPS of $1.02, compared to year-ago quarter EPS of $0.39. The current stock performance of Xencor shows a 52-week-high of $38.20 and a 52-week-low of $19.36. Moreover, at the end of the last trading period, the closing price was at $26.05.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Intuitive Machines Inc LUNR. The price target seems to have been set at $11.00 for Intuitive Machines. The stock has a 52-week-high of $136.00 and a 52-week-low of $6.80. At the end of the last trading period, Intuitive Machines closed at $7.76.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Ambrx Biopharma Inc AMAM. The price target seems to have been set at $25.00 for Ambrx Biopharma. NoneThe current stock performance of Ambrx Biopharma shows a 52-week-high of $14.60 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $13.77.

With a Neutral rating, Piper Sandler initiated coverage on ACNB Corp ACNB. The price target seems to have been set at $31.00 for ACNB. For the first quarter, ACNB had an EPS of $1.06, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $41.17 and a 52-week-low of $27.00. ACNB closed at $28.83 at the end of the last trading period.

With a Neutral rating, JP Morgan initiated coverage on Calix Inc CALX. The price target seems to have been set at $49.00 for Calix. Calix earned $0.31 in the first quarter, compared to $0.22 in the year-ago quarter. The current stock performance of Calix shows a 52-week-high of $77.27 and a 52-week-low of $31.59. Moreover, at the end of the last trading period, the closing price was at $46.95.

With an Outperform rating, RBC Capital initiated coverage on Planet Fitness Inc PLNT. The price target seems to have been set at $86.00 for Planet Fitness. Planet Fitness earned $0.41 in the first quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $85.91 and a 52-week-low of $54.15. Planet Fitness closed at $69.66 at the end of the last trading period.

Evercore ISI Group initiated coverage on Gen Digital Inc GEN with an Outperform rating. The price target for Gen Digital is set to $27.00. For the fourth quarter, Gen Digital had an EPS of $0.46, compared to year-ago quarter EPS of $0.46. The current stock performance of Gen Digital shows a 52-week-high of $23.92 and a 52-week-low of $15.45. Moreover, at the end of the last trading period, the closing price was at $16.12.

Goldman Sachs initiated coverage on Sociedad Quimica Y Minera De Chile SA SQM with a Sell rating. The price target for Sociedad Quimica Y Minera is set to $60.60. In the first quarter, Sociedad Quimica Y Minera showed an EPS of $2.63, compared to $2.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $115.68 and a 52-week-low of $60.21. Sociedad Quimica Y Minera closed at $72.79 at the end of the last trading period.

B. Riley Securities initiated coverage on NewtekOne Inc NEWT with a Buy rating. The price target for NewtekOne is set to $15.00. For the first quarter, NewtekOne had an EPS of $0.45, compared to year-ago quarter EPS of $0.72. At the moment, the stock has a 52-week-high of $25.50 and a 52-week-low of $10.75. NewtekOne closed at $11.50 at the end of the last trading period.

WestPark Capital initiated coverage on Digi International Inc DGII with a Buy rating. The price target for Digi Intl is set to $45.00. In the second quarter, Digi Intl showed an EPS of $0.50, compared to $0.41 from the year-ago quarter. The current stock performance of Digi Intl shows a 52-week-high of $43.55 and a 52-week-low of $20.54. Moreover, at the end of the last trading period, the closing price was at $33.11.

With a Buy rating, Citigroup initiated coverage on The Carlyle Group Inc CG. The price target seems to have been set at $40.00 for Carlyle Group. In the first quarter, Carlyle Group showed an EPS of $0.63, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $40.73 and a 52-week-low of $24.61. At the end of the last trading period, Carlyle Group closed at $27.33.

With a Buy rating, Citigroup initiated coverage on KKR & Co Inc KKR. The price target seems to have been set at $69.00 for KKR & Co. KKR & Co earned $0.81 in the first quarter, compared to $1.10 in the year-ago quarter. The current stock performance of KKR & Co shows a 52-week-high of $60.53 and a 52-week-low of $41.77. Moreover, at the end of the last trading period, the closing price was at $49.97.

With a Neutral rating, Citigroup initiated coverage on Invesco Ltd IVZ. The price target seems to have been set at $16.00 for Invesco. For the first quarter, Invesco had an EPS of $0.38, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $20.56 and a 52-week-low of $13.20. At the end of the last trading period, Invesco closed at $15.33.

Citigroup initiated coverage on Blue Owl Capital Inc OWL with a Buy rating. The price target for Blue Owl Cap is set to $14.00. In the first quarter, Blue Owl Cap showed an EPS of $0.15, compared to $0.11 from the year-ago quarter. The stock has a 52-week-high of $14.04 and a 52-week-low of $8.06. At the end of the last trading period, Blue Owl Cap closed at $10.00.

With a Buy rating, Citigroup initiated coverage on Blackstone Inc BX. The price target seems to have been set at $98.00 for Blackstone. In the first quarter, Blackstone showed an EPS of $0.97, compared to $1.55 from the year-ago quarter. The current stock performance of Blackstone shows a 52-week-high of $123.10 and a 52-week-low of $71.73. Moreover, at the end of the last trading period, the closing price was at $83.21.

With a Buy rating, Citigroup initiated coverage on BlackRock Inc BLK. The price target seems to have been set at $750.00 for BlackRock. In the first quarter, BlackRock showed an EPS of $7.93, compared to $9.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $785.25 and a 52-week-low of $505.01. BlackRock closed at $669.33 at the end of the last trading period.

With a Sell rating, Citigroup initiated coverage on T. Rowe Price Group Inc TROW. The price target seems to have been set at $98.00 for T. Rowe Price Gr. T. Rowe Price Gr earned $1.69 in the first quarter, compared to $2.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $134.61 and a 52-week-low of $93.53. T. Rowe Price Gr closed at $107.69 at the end of the last trading period.

See all analyst ratings initiations.