Benzinga's Top Ratings Upgrades, Downgrades For May 31, 2023

Upgrades

For The Carlyle Group Inc CG, Raymond James upgraded the previous rating of Market Perform to Outperform. For the first quarter, Carlyle Group had an EPS of $0.63, compared to year-ago quarter EPS of $0.74. 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 $28.15.

Piper Sandler upgraded the previous rating for Akebia Therapeutics Inc AKBA from Neutral to Overweight. In the first quarter, Akebia Therapeutics showed an EPS of $0.14, compared to $0.35 from the year-ago quarter. The current stock performance of Akebia Therapeutics shows a 52-week-high of $1.63 and a 52-week-low of $0.24. Moreover, at the end of the last trading period, the closing price was at $0.96.

According to BTIG, the prior rating for Q2 Holdings Inc QTWO was changed from Neutral to Buy. For the first quarter, Q2 Holdings had an EPS of $0.35, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $55.26 and a 52-week-low of $18.91. At the end of the last trading period, Q2 Holdings closed at $27.65.

For Avis Budget Group Inc CAR, Deutsche Bank upgraded the previous rating of Hold to Buy. Avis Budget Gr earned $7.72 in the first quarter, compared to $9.99 in the year-ago quarter. At the moment, the stock has a 52-week-high of $251.26 and a 52-week-low of $131.85. Avis Budget Gr closed at $163.27 at the end of the last trading period.

According to Baird, the prior rating for Xylem Inc XYL was changed from Neutral to Outperform. Xylem earned $0.72 in the first quarter, compared to $0.47 in the year-ago quarter. At the moment, the stock has a 52-week-high of $118.58 and a 52-week-low of $72.13. Xylem closed at $98.59 at the end of the last trading period.

For Chevron Corp CVX, JP Morgan upgraded the previous rating of Underweight to Neutral. In the first quarter, Chevron showed an EPS of $3.55, compared to $3.36 from the year-ago quarter. The current stock performance of Chevron shows a 52-week-high of $189.66 and a 52-week-low of $132.54. Moreover, at the end of the last trading period, the closing price was at $153.12.

See all analyst ratings upgrades.

Downgrades

For GreenLight Biosciences Inc GRNA, Canaccord Genuity downgraded the previous rating of Buy to Hold. GreenLight Biosciences earned $0.19 in the first quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.34 and a 52-week-low of $0.18. GreenLight Biosciences closed at $0.29 at the end of the last trading period.

According to Seaport Global, the prior rating for PDC Energy Inc PDCE was changed from Buy to Neutral. PDC Energy earned $2.61 in the first quarter, compared to $3.66 in the year-ago quarter. The stock has a 52-week-high of $89.20 and a 52-week-low of $51.72. At the end of the last trading period, PDC Energy closed at $69.87.

Keybanc downgraded the previous rating for Ambarella Inc AMBA from Overweight to Sector Weight. For the first quarter, Ambarella had an EPS of $0.15, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $99.86 and a 52-week-low of $49.02. At the end of the last trading period, Ambarella closed at $81.96.

See all analyst ratings downgrades.

Initiations

TD Cowen initiated coverage on MDxHealth SA MDXH with an Outperform rating. The price target for MDxHealth is set to $7.00. In the first quarter, MDxHealth showed an EPS of $0.05, compared to $0.05 from the year-ago quarter.

William Blair initiated coverage on PROCEPT BioRobotics Corp PRCT with an Outperform rating. In the first quarter, PROCEPT BioRobotics showed an EPS of $0.63, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.40 and a 52-week-low of $25.29. PROCEPT BioRobotics closed at $31.40 at the end of the last trading period.

With an Outperform rating, Noble Capital Markets initiated coverage on Saga Communications Inc SGA. The price target seems to have been set at $27.00 for Saga Communications. Saga Communications earned $0.15 in the first quarter, compared to $0.20 in the year-ago quarter.

Hovde Group initiated coverage on ACNB Corp ACNB with an Outperform rating. The price target for ACNB is set to $36.00. In the first quarter, ACNB showed an EPS of $1.06, compared to $0.76 from the year-ago quarter. The stock has a 52-week-high of $41.17 and a 52-week-low of $27.00. At the end of the last trading period, ACNB closed at $30.32.

Northland Capital Markets initiated coverage on Near Intelligence Inc NIR with an Outperform rating. The price target for Near Intelligence is set to $8.00. In the first quarter, Near Intelligence showed an EPS of $1.20, compared to $0.49 from the year-ago quarter. The current stock performance of Near Intelligence shows a 52-week-high of $18.65 and a 52-week-low of $1.55. Moreover, at the end of the last trading period, the closing price was at $1.80.

For BRC Inc BRCC, Needham initiated coverage, by setting the current rating at Hold. BRC earned $0.08 in the first quarter, compared to $1.36 in the year-ago quarter. The current stock performance of BRC shows a 52-week-high of $11.04 and a 52-week-low of $4.79. Moreover, at the end of the last trading period, the closing price was at $5.63.

UBS initiated coverage on argenx SE ARGX with a Buy rating. The price target for argenx is set to $480.00. In the first quarter, argenx showed an EPS of $0.52, compared to $4.36 from the year-ago quarter. The stock has a 52-week-high of $423.99 and a 52-week-low of $304.94. At the end of the last trading period, argenx closed at $392.36.

RBC Capital initiated coverage on Colliers International Group Inc CIGI with an Outperform rating. The price target for Colliers Intl Gr is set to $128.00. For the first quarter, Colliers Intl Gr had an EPS of $0.86, compared to year-ago quarter EPS of $1.44. The current stock performance of Colliers Intl Gr shows a 52-week-high of $133.03 and a 52-week-low of $84.16. Moreover, at the end of the last trading period, the closing price was at $93.16.

With a Buy rating, Goldman Sachs initiated coverage on Cedar Fair LP FUN. The price target seems to have been set at $50.00 for Cedar Fair. In the first quarter, Cedar Fair showed an EPS of $2.61, compared to $1.56 from the year-ago quarter. The current stock performance of Cedar Fair shows a 52-week-high of $49.36 and a 52-week-low of $37.92. Moreover, at the end of the last trading period, the closing price was at $44.17.

Goldman Sachs initiated coverage on SeaWorld Entertainment Inc SEAS with a Buy rating. The price target for SeaWorld Entertainment is set to $75.00. SeaWorld Entertainment earned $0.26 in the first quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $68.19 and a 52-week-low of $40.02. At the end of the last trading period, SeaWorld Entertainment closed at $56.00.

Needham initiated coverage on Sovos Brands Inc SOVO with a Buy rating. The price target for Sovos Brands is set to $22.50. In the first quarter, Sovos Brands showed an EPS of $0.18, compared to $0.14 from the year-ago quarter. The stock has a 52-week-high of $20.58 and a 52-week-low of $12.50. At the end of the last trading period, Sovos Brands closed at $18.48.

With a Sell rating, Goldman Sachs initiated coverage on Six Flags Entertainment Corp SIX. The price target seems to have been set at $26.00 for Six Flags Entertainment. Six Flags Entertainment earned $0.84 in the first quarter, compared to $0.76 in the year-ago quarter. The current stock performance of Six Flags Entertainment shows a 52-week-high of $31.29 and a 52-week-low of $16.83. Moreover, at the end of the last trading period, the closing price was at $25.48.

With a Buy rating, Goldman Sachs initiated coverage on Telefonica Brasil SA VIV. The price target seems to have been set at $10.00 for Telefonica Brasil. For the fourth quarter, Telefonica Brasil had an EPS of $0.13, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $11.03 and a 52-week-low of $6.49. At the end of the last trading period, Telefonica Brasil closed at $8.12.

William Blair initiated coverage on Qualys Inc QLYS with an Outperform rating. For the first quarter, Qualys had an EPS of $1.09, compared to year-ago quarter EPS of $0.89. The stock has a 52-week-high of $162.36 and a 52-week-low of $101.10. At the end of the last trading period, Qualys closed at $122.91.

With an Outperform rating, RBC Capital initiated coverage on Nevro Corp NVRO. The price target seems to have been set at $40.00 for Nevro. In the first quarter, Nevro showed an EPS of $0.98, compared to $0.98 from the year-ago quarter. The current stock performance of Nevro shows a 52-week-high of $53.22 and a 52-week-low of $25.82. Moreover, at the end of the last trading period, the closing price was at $26.04.

With a Neutral rating, Goldman Sachs initiated coverage on TIM SA TIMB. The price target seems to have been set at $15.00 for TIM. At the moment, the stock has a 52-week-high of $15.27 and a 52-week-low of $10.20. TIM closed at $14.27 at the end of the last trading period.

Goldman Sachs initiated coverage on America Movil SAB de CV AMX with a Neutral rating. The price target for America Movil is set to $24.00. In the first quarter, America Movil showed an EPS of $0.51, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $23.07 and a 52-week-low of $15.68. At the end of the last trading period, America Movil closed at $21.99.

Goldman Sachs initiated coverage on Liberty Latin America Ltd LILA with a Buy rating. The price target for Liberty Latin America is set to $10.00. For the first quarter, Liberty Latin America had an EPS of $0.23, compared to year-ago quarter EPS of $0.36. The current stock performance of Liberty Latin America shows a 52-week-high of $10.01 and a 52-week-low of $5.90. Moreover, at the end of the last trading period, the closing price was at $7.29.

With a Buy rating, Goldman Sachs initiated coverage on Grupo Televisa SAB TV. The price target seems to have been set at $6.10 for Grupo Televisa. For the first quarter, Grupo Televisa had an EPS of $0.07, compared to year-ago quarter EPS of $0.18. The current stock performance of Grupo Televisa shows a 52-week-high of $10.39 and a 52-week-low of $4.38. Moreover, at the end of the last trading period, the closing price was at $4.76.

With a Buy rating, Roth MKM initiated coverage on ASLAN Pharmaceuticals Ltd ASLN. The price target seems to have been set at $15.00 for ASLAN Pharma. For the first quarter, ASLAN Pharma had an EPS of $1.29, compared to year-ago quarter EPS of $0.95. The current stock performance of ASLAN Pharma shows a 52-week-high of $4.93 and a 52-week-low of $1.70. Moreover, at the end of the last trading period, the closing price was at $3.72.

Roth MKM initiated coverage on Inventiva SA IVA with a Buy rating. The price target for Inventiva is set to $11.00. None

With a Buy rating, Roth MKM initiated coverage on Terns Pharmaceuticals Inc TERN. The price target seems to have been set at $23.00 for Terns Pharma. In the first quarter, Terns Pharma showed an EPS of $0.31, compared to $0.55 from the year-ago quarter. The current stock performance of Terns Pharma shows a 52-week-high of $14.04 and a 52-week-low of $1.53. Moreover, at the end of the last trading period, the closing price was at $10.56.

With a Buy rating, Roth MKM initiated coverage on Unity Biotechnology Inc UBX. The price target seems to have been set at $10.00 for Unity Biotechnology. For the first quarter, Unity Biotechnology had an EPS of $0.76, compared to year-ago quarter EPS of $2.80. The current stock performance of Unity Biotechnology shows a 52-week-high of $18.50 and a 52-week-low of $1.46. Moreover, at the end of the last trading period, the closing price was at $2.93.

With a Neutral rating, DA Davidson initiated coverage on MasterCraft Boat Holdings Inc MCFT. The price target seems to have been set at $29.00 for MasterCraft Boat Hldgs. For the third quarter, MasterCraft Boat Hldgs had an EPS of $1.36, compared to year-ago quarter EPS of $1.36. The current stock performance of MasterCraft Boat Hldgs shows a 52-week-high of $35.29 and a 52-week-low of $18.49. Moreover, at the end of the last trading period, the closing price was at $26.71.

With a Buy rating, Mizuho initiated coverage on NICE Ltd NICE. The price target seems to have been set at $244.00 for NICE. For the first quarter, NICE had an EPS of $2.03, compared to year-ago quarter EPS of $1.80. The current stock performance of NICE shows a 52-week-high of $235.05 and a 52-week-low of $164.86. Moreover, at the end of the last trading period, the closing price was at $196.57.

Mizuho initiated coverage on Five9 Inc FIVN with a Buy rating. The price target for Five9 is set to $100.00. For the first quarter, Five9 had an EPS of $0.41, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $120.29 and a 52-week-low of $46.63. Five9 closed at $60.88 at the end of the last trading period.

See all analyst ratings initiations.