Benzinga's Top Ratings Upgrades, Downgrades For May 26, 2023

Upgrades

RBC Capital upgraded the previous rating for New Relic Inc NEWR from Sector Perform to Outperform. For the fourth quarter, New Relic had an EPS of $0.42, compared to year-ago quarter EPS of $0.24. The current stock performance of New Relic shows a 52-week-high of $86.00 and a 52-week-low of $42.41. Moreover, at the end of the last trading period, the closing price was at $78.24.

OTR Global upgraded the previous rating for Dollar General Corp DG from Mixed to Positive. In the fourth quarter, Dollar Gen showed an EPS of $2.96, compared to $2.57 from the year-ago quarter. The current stock performance of Dollar Gen shows a 52-week-high of $261.57 and a 52-week-low of $193.74. Moreover, at the end of the last trading period, the closing price was at $203.61.

According to B of A Securities, the prior rating for Pinnacle West Capital Corp PNW was changed from Underperform to Neutral. In the first quarter, Pinnacle West Capital showed an EPS of $0.03, compared to $0.15 from the year-ago quarter. The stock has a 52-week-high of $81.63 and a 52-week-low of $59.07. At the end of the last trading period, Pinnacle West Capital closed at $76.39.

According to Loop Capital, the prior rating for Paramount Global PARA was changed from Sell to Hold. For the first quarter, Paramount Global had an EPS of $0.09, compared to year-ago quarter EPS of $0.60. At the moment, the stock has a 52-week-high of $34.50 and a 52-week-low of $13.80. Paramount Global closed at $14.08 at the end of the last trading period.

For Hamilton Lane Inc HLNE, Oppenheimer upgraded the previous rating of Perform to Outperform. In the fourth quarter, Hamilton Lane showed an EPS of $0.96, compared to $0.89 from the year-ago quarter. At the moment, the stock has a 52-week-high of $81.23 and a 52-week-low of $56.08. Hamilton Lane closed at $65.87 at the end of the last trading period.

For Guardant Health Inc GH, Citigroup upgraded the previous rating of Neutral to Buy. Guardant Health earned $1.06 in the first quarter, compared to $0.91 in the year-ago quarter. The current stock performance of Guardant Health shows a 52-week-high of $62.55 and a 52-week-low of $20.67. Moreover, at the end of the last trading period, the closing price was at $27.87.

Stifel upgraded the previous rating for eFFECTOR Therapeutics Inc EFTR from Hold to Buy. eFFECTOR Therapeutics earned $0.24 in the first quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $2.97 and a 52-week-low of $0.34. At the end of the last trading period, eFFECTOR Therapeutics closed at $0.53.

For Centerspace CSR, Raymond James upgraded the previous rating of Underperform to Market Perform. Centerspace earned $1.07 in the first quarter, compared to $0.98 in the year-ago quarter. At the moment, the stock has a 52-week-high of $89.73 and a 52-week-low of $51.26. Centerspace closed at $57.80 at the end of the last trading period.

According to Needham, the prior rating for RingCentral Inc RNG was changed from Hold to Buy. RingCentral earned $0.76 in the first quarter, compared to $0.39 in the year-ago quarter. The stock has a 52-week-high of $68.54 and a 52-week-low of $25.32. At the end of the last trading period, RingCentral closed at $29.50.

Jefferies upgraded the previous rating for UWM Holdings Corp UWMC from Hold to Buy. UWM Hldgs earned $0.07 in the first quarter, compared to $0.22 in the year-ago quarter. The current stock performance of UWM Hldgs shows a 52-week-high of $6.35 and a 52-week-low of $2.85. Moreover, at the end of the last trading period, the closing price was at $4.88.

See all analyst ratings upgrades.

Downgrades

According to William Blair, the prior rating for Hibbett Inc HIBB was changed from Hold to Sell. In the first quarter, Hibbett showed an EPS of $2.74, compared to $2.89 from the year-ago quarter. The stock has a 52-week-high of $75.38 and a 52-week-low of $40.25. At the end of the last trading period, Hibbett closed at $44.16.

According to B of A Securities, the prior rating for Terran Orbital Corp LLAP was changed from Buy to Underperform. Terran Orbital earned $0.38 in the first quarter, compared to $0.85 in the year-ago quarter. The current stock performance of Terran Orbital shows a 52-week-high of $6.68 and a 52-week-low of $1.23. Moreover, at the end of the last trading period, the closing price was at $1.24.

B of A Securities downgraded the previous rating for Annexon Inc ANNX from Buy to Neutral. Annexon earned $0.52 in the first quarter, compared to $0.92 in the year-ago quarter. The current stock performance of Annexon shows a 52-week-high of $7.65 and a 52-week-low of $2.07. Moreover, at the end of the last trading period, the closing price was at $2.10.

According to Raymond James, the prior rating for Equity Residential EQR was changed from Market Perform to Underperform. In the first quarter, Equity Residential showed an EPS of $0.87, compared to $0.77 from the year-ago quarter. The current stock performance of Equity Residential shows a 52-week-high of $80.87 and a 52-week-low of $54.60. Moreover, at the end of the last trading period, the closing price was at $59.47.

Guggenheim downgraded the previous rating for MongoDB Inc MDB from Neutral to Sell. MongoDB earned $0.57 in the fourth quarter, compared to $0.09 in the year-ago quarter. The current stock performance of MongoDB shows a 52-week-high of $390.81 and a 52-week-low of $135.17. Moreover, at the end of the last trading period, the closing price was at $284.91.

Wolfe Research downgraded the previous rating for Snowflake Inc SNOW from Outperform to Peer Perform. Snowflake earned $0.15 in the first quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $205.63 and a 52-week-low of $110.41. Snowflake closed at $147.91 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Janney Montgomery Scott initiated coverage on OPAL Fuels Inc OPAL with a Buy rating. The price target for OPAL Fuels is set to $13.00. In the first quarter, OPAL Fuels showed an EPS of $0.06, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.00 and a 52-week-low of $5.25. OPAL Fuels closed at $6.12 at the end of the last trading period.

With a Hold rating, Truist Securities initiated coverage on Strategic Education Inc STRA. The price target seems to have been set at $85.00 for Strategic Education. For the first quarter, Strategic Education had an EPS of $0.24, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $98.22 and a 52-week-low of $59.48. Strategic Education closed at $78.37 at the end of the last trading period.

With a Hold rating, Truist Securities initiated coverage on American Public Education Inc APEI. The price target seems to have been set at $6.00 for American Public Education. In the first quarter, American Public Education showed an EPS of $0.38, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $16.78 and a 52-week-low of $3.78. At the end of the last trading period, American Public Education closed at $6.26.

Morgan Stanley initiated coverage on Madison Square Garden Entertainment Corp MSGE with a Equal-Weight rating. The price target for Madison Square Garden is set to $40.00. In the third quarter, Madison Square Garden showed an EPS of $0.42, compared to $0.08 from the year-ago quarter. The current stock performance of Madison Square Garden shows a 52-week-high of $69.75 and a 52-week-low of $28.09. Moreover, at the end of the last trading period, the closing price was at $35.71.

With a Market Outperform rating, JMP Securities initiated coverage on Physicians Realty Trust DOC. The price target seems to have been set at $15.50 for Physicians Realty Trust. Physicians Realty Trust earned $0.24 in the first quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.82 and a 52-week-low of $13.28. Physicians Realty Trust closed at $13.50 at the end of the last trading period.

With a Neutral rating, Goldman Sachs initiated coverage on Madison Square Garden Entertainment Corp MSGE. The price target seems to have been set at $40.00 for Madison Square Garden. In the third quarter, Madison Square Garden showed an EPS of $0.42, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $69.75 and a 52-week-low of $28.09. Madison Square Garden closed at $35.71 at the end of the last trading period.

With an Overweight rating, Piper Sandler initiated coverage on UnitedHealth Group Inc UNH. The price target seems to have been set at $580.00 for UnitedHealth Group. For the first quarter, UnitedHealth Group had an EPS of $6.26, compared to year-ago quarter EPS of $5.49. The current stock performance of UnitedHealth Group shows a 52-week-high of $557.99 and a 52-week-low of $449.95. Moreover, at the end of the last trading period, the closing price was at $477.70.

With an Overweight rating, Piper Sandler initiated coverage on CVS Health Corp CVS. The price target seems to have been set at $85.00 for CVS Health. For the first quarter, CVS Health had an EPS of $2.20, compared to year-ago quarter EPS of $2.23. At the moment, the stock has a 52-week-high of $107.26 and a 52-week-low of $66.61. CVS Health closed at $67.67 at the end of the last trading period.

See all analyst ratings initiations.