Benzinga's Top Ratings Upgrades, Downgrades For June 1, 2023

Upgrades

For Banco Latinoamericano de Comercio Exterior SA BLX, Credit Suisse upgraded the previous rating of Neutral to Outperform. Banco Latinoamericano earned $1.02 in the first quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $20.48 and a 52-week-low of $12.59. At the end of the last trading period, Banco Latinoamericano closed at $19.49.

B of A Securities upgraded the previous rating for Genuine Parts Co GPC from Neutral to Buy. In the first quarter, Genuine Parts showed an EPS of $2.14, compared to $1.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $187.61 and a 52-week-low of $127.01. Genuine Parts closed at $147.98 at the end of the last trading period.

For Lear Corp LEA, Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. Lear earned $2.78 in the first quarter, compared to $1.80 in the year-ago quarter. The stock has a 52-week-high of $158.38 and a 52-week-low of $115.09. At the end of the last trading period, Lear closed at $122.66.

According to Raymond James, the prior rating for The Carlyle Group Inc CG was changed from 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 $27.41.

Wedbush upgraded the previous rating for C3.ai Inc AI from Neutral to Outperform. In the fourth quarter, C3.ai showed an EPS of $0.13, compared to $0.21 from the year-ago quarter. The current stock performance of C3.ai shows a 52-week-high of $44.02 and a 52-week-low of $10.16. Moreover, at the end of the last trading period, the closing price was at $40.01.

According to TD Cowen, the prior rating for Phillips 66 PSX was changed from Market Perform to Outperform. For the first quarter, Phillips 66 had an EPS of $4.21, compared to year-ago quarter EPS of $1.32. The current stock performance of Phillips 66 shows a 52-week-high of $113.53 and a 52-week-low of $74.04. Moreover, at the end of the last trading period, the closing price was at $91.61.

GLJ Research upgraded the previous rating for First Solar Inc FSLR from Sell to Hold. For the first quarter, First Solar had an EPS of $0.40, compared to year-ago quarter EPS of $0.41. The current stock performance of First Solar shows a 52-week-high of $232.00 and a 52-week-low of $60.78. Moreover, at the end of the last trading period, the closing price was at $202.96.

For Veeva Systems Inc VEEV, Guggenheim upgraded the previous rating of Neutral to Buy. Veeva Sys earned $0.91 in the first quarter, compared to $0.99 in the year-ago quarter. The stock has a 52-week-high of $232.26 and a 52-week-low of $151.06. At the end of the last trading period, Veeva Sys closed at $165.70.

For Nucor Corp NUE, Wolfe Research upgraded the previous rating of Underperform to Peer Perform. Nucor earned $4.45 in the first quarter, compared to $7.67 in the year-ago quarter. The stock has a 52-week-high of $182.68 and a 52-week-low of $100.15. At the end of the last trading period, Nucor closed at $132.06.

For Kingsoft Cloud Holdings Ltd KC, Goldman Sachs upgraded the previous rating of Sell to Neutral. Kingsoft Cloud Hldgs earned $0.25 in the first quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $10.13 and a 52-week-low of $1.77. At the end of the last trading period, Kingsoft Cloud Hldgs closed at $4.46.

UBS upgraded the previous rating for CSX Corp CSX from Neutral to Buy. CSX earned $0.48 in the first quarter, compared to $0.39 in the year-ago quarter. The stock has a 52-week-high of $34.70 and a 52-week-low of $25.81. At the end of the last trading period, CSX closed at $30.67.

For Presto Automation Inc PRST, Chardan Capital upgraded the previous rating of Neutral to Buy. In the first quarter, Presto Automation showed an EPS of $0.30, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $8.63 and a 52-week-low of $1.23. At the end of the last trading period, Presto Automation closed at $2.72.

According to Gordon Haskett, the prior rating for Chewy Inc CHWY was changed from Hold to Buy. In the first quarter, Chewy showed an EPS of $0.20, compared to $0.04 from the year-ago quarter. The current stock performance of Chewy shows a 52-week-high of $52.88 and a 52-week-low of $22.97. Moreover, at the end of the last trading period, the closing price was at $29.49.

For Domino's Pizza Inc DPZ, JP Morgan upgraded the previous rating of Neutral to Overweight. Domino's Pizza earned $2.93 in the first quarter, compared to $2.50 in the year-ago quarter. The stock has a 52-week-high of $425.75 and a 52-week-low of $285.84. At the end of the last trading period, Domino's Pizza closed at $289.85.

For Alteryx Inc AYX, B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Alteryx had an EPS of $0.19, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $70.63 and a 52-week-low of $34.70. At the end of the last trading period, Alteryx closed at $38.94.

According to UBS, the prior rating for TFI International Inc TFII was changed from Neutral to Buy. TFI International earned $1.33 in the first quarter, compared to $1.68 in the year-ago quarter. At the moment, the stock has a 52-week-high of $128.93 and a 52-week-low of $71.95. TFI International closed at $105.28 at the end of the last trading period.

JP Morgan upgraded the previous rating for Intercorp Financial Services Inc IFS from Neutral to Overweight. Intercorp Financial Servs earned $0.60 in the first quarter, compared to $3.47 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.77 and a 52-week-low of $19.89. Intercorp Financial Servs closed at $21.25 at the end of the last trading period.

According to Wolfe Research, the prior rating for Equitrans Midstream Corp ETRN was changed from Peer Perform to Outperform. For the first quarter, Equitrans Midstream had an EPS of $0.22, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $9.89 and a 52-week-low of $4.60. Equitrans Midstream closed at $8.53 at the end of the last trading period.

For bluebird bio Inc BLUE, Barclays upgraded the previous rating of Equal-Weight to Overweight. For the first quarter, bluebird bio had an EPS of $0.21, compared to year-ago quarter EPS of $1.66. The current stock performance of bluebird bio shows a 52-week-high of $8.58 and a 52-week-low of $2.78. Moreover, at the end of the last trading period, the closing price was at $3.35.

For Chevron Corp CVX, RBC Capital upgraded the previous rating of Sector Perform to Outperform. Chevron earned $3.55 in the first quarter, compared to $3.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $189.66 and a 52-week-low of $132.54. Chevron closed at $150.62 at the end of the last trading period.

B of A Securities upgraded the previous rating for BRF SA BRFS from Underperform to Neutral. For the first quarter, BRF had an EPS of $0.18, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $3.42 and a 52-week-low of $1.05. BRF closed at $1.64 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Evercore ISI Group downgraded the previous rating for Entergy Corp ETR from Outperform to Neutral. For the first quarter, Entergy had an EPS of $1.14, compared to year-ago quarter EPS of $1.32. The stock has a 52-week-high of $122.39 and a 52-week-low of $95.06. At the end of the last trading period, Entergy closed at $98.20.

Exane BNP Paribas downgraded the previous rating for Adient PLC ADNT from Neutral to Underperform. Adient earned $0.32 in the second quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Adient shows a 52-week-high of $47.50 and a 52-week-low of $27.16. Moreover, at the end of the last trading period, the closing price was at $33.69.

For United States Steel Corp X, Wolfe Research downgraded the previous rating of Peer Perform to Underperform. In the first quarter, United States Steel showed an EPS of $0.77, compared to $3.05 from the year-ago quarter. The stock has a 52-week-high of $31.55 and a 52-week-low of $16.42. At the end of the last trading period, United States Steel closed at $20.92.

For Okta Inc OKTA, BMO Capital downgraded the previous rating of Outperform to Market Perform. In the first quarter, Okta showed an EPS of $0.22, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $111.29 and a 52-week-low of $44.13. At the end of the last trading period, Okta closed at $90.90.

For Novan Inc NOVN, Oppenheimer downgraded the previous rating of Outperform to Perform. For the first quarter, Novan had an EPS of $0.54, compared to year-ago quarter EPS of $0.71. The stock has a 52-week-high of $3.33 and a 52-week-low of $0.80. At the end of the last trading period, Novan closed at $1.36.

For Advance Auto Parts Inc AAP, Raymond James downgraded the previous rating of Strong Buy to Market Perform. For the first quarter, Advance Auto Parts had an EPS of $0.72, compared to year-ago quarter EPS of $2.26. The current stock performance of Advance Auto Parts shows a 52-week-high of $212.15 and a 52-week-low of $72.60. Moreover, at the end of the last trading period, the closing price was at $72.89.

For Adicet Bio Inc ACET, JP Morgan downgraded the previous rating of Overweight to Neutral. In the first quarter, Adicet Bio showed an EPS of $0.72, compared to $0.10 from the year-ago quarter. The current stock performance of Adicet Bio shows a 52-week-high of $21.80 and a 52-week-low of $5.13. Moreover, at the end of the last trading period, the closing price was at $5.48.

Goldman Sachs downgraded the previous rating for Advance Auto Parts Inc AAP from Buy to Neutral. Advance Auto Parts earned $0.72 in the first quarter, compared to $2.26 in the year-ago quarter. The stock has a 52-week-high of $212.15 and a 52-week-low of $72.60. At the end of the last trading period, Advance Auto Parts closed at $72.89.

Macquarie downgraded the previous rating for Sphere Entertainment Co SPHR from Outperform to Neutral. At the moment, the stock has a 52-week-high of $31.84 and a 52-week-low of $20.68. Sphere Entertainment closed at $23.87 at the end of the last trading period.

JP Morgan downgraded the previous rating for Target Corp TGT from Overweight to Neutral. For the first quarter, Target had an EPS of $2.05, compared to year-ago quarter EPS of $2.19. The current stock performance of Target shows a 52-week-high of $183.84 and a 52-week-low of $130.63. Moreover, at the end of the last trading period, the closing price was at $130.93.

For Okta Inc OKTA, JP Morgan downgraded the previous rating of Overweight to Neutral. For the first quarter, Okta had an EPS of $0.22, compared to year-ago quarter EPS of $0.27. The current stock performance of Okta shows a 52-week-high of $111.29 and a 52-week-low of $44.13. Moreover, at the end of the last trading period, the closing price was at $90.90.

For Veritone Inc VERI, Roth MKM downgraded the previous rating of Buy to Neutral. In the first quarter, Veritone showed an EPS of $0.26, compared to $0.15 from the year-ago quarter. The current stock performance of Veritone shows a 52-week-high of $10.99 and a 52-week-low of $3.54. Moreover, at the end of the last trading period, the closing price was at $3.94.

According to JP Morgan, the prior rating for Advance Auto Parts Inc AAP was changed from Overweight to Neutral. In the first quarter, Advance Auto Parts showed an EPS of $0.72, compared to $2.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $212.15 and a 52-week-low of $72.60. Advance Auto Parts closed at $72.89 at the end of the last trading period.

Wolfe Research downgraded the previous rating for Cheniere Energy Partners LP CQP from Peer Perform to Underperform. In the first quarter, Cheniere Energy Partners showed an EPS of $3.50, compared to $0.96 from the year-ago quarter. The stock has a 52-week-high of $61.73 and a 52-week-low of $40.20. At the end of the last trading period, Cheniere Energy Partners closed at $44.45.

According to DA Davidson, the prior rating for C3.ai Inc AI was changed from Buy to Neutral. In the fourth quarter, C3.ai showed an EPS of $0.13, compared to $0.21 from the year-ago quarter. The current stock performance of C3.ai shows a 52-week-high of $44.02 and a 52-week-low of $10.16. Moreover, at the end of the last trading period, the closing price was at $40.01.

For Johnson Controls International PLC JCI, Barclays downgraded the previous rating of Overweight to Equal-Weight. Johnson Controls Intl earned $0.75 in the second quarter, compared to $0.63 in the year-ago quarter. The stock has a 52-week-high of $69.60 and a 52-week-low of $45.52. At the end of the last trading period, Johnson Controls Intl closed at $59.70.

According to RBC Capital, the prior rating for Exxon Mobil Corp XOM was changed from Outperform to Sector Perform. Exxon Mobil earned $2.83 in the first quarter, compared to $2.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $119.92 and a 52-week-low of $80.69. Exxon Mobil closed at $102.18 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Buy rating, B of A Securities initiated coverage on Toast Inc TOST. The price target seems to have been set at $26.00 for Toast. Toast earned $0.16 in the first quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Toast shows a 52-week-high of $26.04 and a 52-week-low of $12.16. Moreover, at the end of the last trading period, the closing price was at $20.97.

For The Real Brokerage Inc REAX, William Blair initiated coverage, by setting the current rating at Outperform. In the first quarter, Real Brokerage showed an EPS of $0.04, compared to $0.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.24 and a 52-week-low of $1.00. Real Brokerage closed at $1.28 at the end of the last trading period.

With an Outperform rating, Macquarie initiated coverage on Madison Square Garden Entertainment Corp MSGE. The price target seems to have been set at $43.00 for Madison Square Garden. Madison Square Garden earned $0.42 in the third quarter, compared to $0.08 in 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 $35.09.

HSBC initiated coverage on Kenvue Inc KVUE with a Hold rating. The price target for Kenvue is set to $27.00. The stock has a 52-week-high of $27.80 and a 52-week-low of $24.99. At the end of the last trading period, Kenvue closed at $25.09.

HC Wainwright & Co. initiated coverage on Apollomics Inc APLM with a Buy rating. The price target for Apollomics is set to $18.00. At the moment, the stock has a 52-week-high of $49.00 and a 52-week-low of $3.71. Apollomics closed at $4.05 at the end of the last trading period.

UBS initiated coverage on Cintas Corp CTAS with a Buy rating. The price target for Cintas is set to $550.00. Cintas earned $3.14 in the third quarter, compared to $2.69 in the year-ago quarter. The stock has a 52-week-high of $478.38 and a 52-week-low of $344.16. At the end of the last trading period, Cintas closed at $472.14.

With an Outperform rating, Raymond James initiated coverage on Dycom Industries Inc DY. The price target seems to have been set at $120.00 for Dycom Industries. Dycom Industries earned $1.73 in the first quarter, compared to $0.65 in the year-ago quarter. The current stock performance of Dycom Industries shows a 52-week-high of $122.09 and a 52-week-low of $77.33. Moreover, at the end of the last trading period, the closing price was at $101.43.

With a Buy rating, UBS initiated coverage on Robert Half International Inc RHI. The price target seems to have been set at $82.00 for Robert Half International. In the first quarter, Robert Half International showed an EPS of $1.14, compared to $1.52 from the year-ago quarter. The stock has a 52-week-high of $92.27 and a 52-week-low of $64.65. At the end of the last trading period, Robert Half International closed at $65.02.

UBS initiated coverage on ManpowerGroup Inc MAN with a Neutral rating. The price target for ManpowerGroup is set to $77.00. For the first quarter, ManpowerGroup had an EPS of $1.61, compared to year-ago quarter EPS of $1.88. The stock has a 52-week-high of $92.43 and a 52-week-low of $64.10. At the end of the last trading period, ManpowerGroup closed at $70.17.

UBS initiated coverage on Kforce Inc KFRC with a Neutral rating. The price target for Kforce is set to $62.00. Kforce earned $0.82 in the first quarter, compared to $0.93 in the year-ago quarter. At the moment, the stock has a 52-week-high of $69.18 and a 52-week-low of $49.52. Kforce closed at $57.59 at the end of the last trading period.

UBS initiated coverage on ASGN Inc ASGN with a Buy rating. The price target for ASGN is set to $80.00. In the first quarter, ASGN showed an EPS of $1.38, compared to $1.57 from the year-ago quarter. The current stock performance of ASGN shows a 52-week-high of $106.81 and a 52-week-low of $63.27. Moreover, at the end of the last trading period, the closing price was at $65.43.

UBS initiated coverage on Gartner Inc IT with a Neutral rating. The price target for Gartner is set to $368.00. Gartner earned $2.88 in the first quarter, compared to $2.33 in the year-ago quarter. The stock has a 52-week-high of $358.21 and a 52-week-low of $221.63. At the end of the last trading period, Gartner closed at $342.86.

With a Neutral rating, UBS initiated coverage on Exponent Inc EXPO. The price target seems to have been set at $99.00 for Exponent. In the first quarter, Exponent showed an EPS of $0.56, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $112.75 and a 52-week-low of $80.97. At the end of the last trading period, Exponent closed at $91.32.

UBS initiated coverage on UniFirst Corp UNF with a Neutral rating. The price target for UniFirst is set to $185.00. For the second quarter, UniFirst had an EPS of $1.39, compared to year-ago quarter EPS of $1.24. The current stock performance of UniFirst shows a 52-week-high of $205.59 and a 52-week-low of $155.05. Moreover, at the end of the last trading period, the closing price was at $171.11.

With a Buy rating, UBS initiated coverage on Rollins Inc ROL. The price target seems to have been set at $48.00 for Rollins. For the first quarter, Rollins had an EPS of $0.18, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $43.04 and a 52-week-low of $31.44. At the end of the last trading period, Rollins closed at $39.32.

UBS initiated coverage on Comfort Systems USA Inc FIX with a Neutral rating. The price target for Comfort Systems USA is set to $162.00. For the first quarter, Comfort Systems USA had an EPS of $1.51, compared to year-ago quarter EPS of $0.91. At the moment, the stock has a 52-week-high of $156.19 and a 52-week-low of $75.01. Comfort Systems USA closed at $147.98 at the end of the last trading period.

UBS initiated coverage on Aramark ARMK with a Neutral rating. The price target for Aramark is set to $42.00. In the second quarter, Aramark showed an EPS of $0.28, compared to $0.22 from the year-ago quarter. The current stock performance of Aramark shows a 52-week-high of $45.72 and a 52-week-low of $28.77. Moreover, at the end of the last trading period, the closing price was at $39.48.

UBS initiated coverage on ABM Industries Inc ABM with a Neutral rating. The price target for ABM Indus is set to $48.00. In the first quarter, ABM Indus showed an EPS of $0.79, compared to $0.94 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.44 and a 52-week-low of $37.71. ABM Indus closed at $44.16 at the end of the last trading period.

UBS initiated coverage on Bright Horizons Family Solutions Inc BFAM with a Sell rating. The price target for Bright Horizons Family is set to $79.00. In the first quarter, Bright Horizons Family showed an EPS of $0.49, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $94.89 and a 52-week-low of $54.29. At the end of the last trading period, Bright Horizons Family closed at $85.60.

Deutsche Bank initiated coverage on NVR Inc NVR with a Sell rating. The price target for NVR is set to $4400.00. For the first quarter, NVR had an EPS of $99.89, compared to year-ago quarter EPS of $116.56. At the moment, the stock has a 52-week-high of $5986.96 and a 52-week-low of $3590.12. NVR closed at $5554.22 at the end of the last trading period.

Deutsche Bank initiated coverage on KB Home KBH with a Hold rating. The price target for KB Home is set to $49.00. For the first quarter, KB Home had an EPS of $1.45, compared to year-ago quarter EPS of $1.47. The current stock performance of KB Home shows a 52-week-high of $46.91 and a 52-week-low of $24.79. Moreover, at the end of the last trading period, the closing price was at $43.33.

Deutsche Bank initiated coverage on Taylor Morrison Home Corp TMHC with a Hold rating. The price target for Taylor Morrison Home is set to $50.00. In the first quarter, Taylor Morrison Home showed an EPS of $1.74, compared to $1.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.51 and a 52-week-low of $20.05. Taylor Morrison Home closed at $42.43 at the end of the last trading period.

Deutsche Bank initiated coverage on Tri Pointe Homes Inc TPH with a Buy rating. The price target for Tri Pointe Homes is set to $42.00. For the first quarter, Tri Pointe Homes had an EPS of $0.73, compared to year-ago quarter EPS of $0.81. At the moment, the stock has a 52-week-high of $31.00 and a 52-week-low of $14.63. Tri Pointe Homes closed at $29.21 at the end of the last trading period.

With a Buy rating, Deutsche Bank initiated coverage on Meritage Homes Corp MTH. The price target seems to have been set at $500.00 for Meritage Homes. Meritage Homes earned $3.54 in the first quarter, compared to $5.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $130.68 and a 52-week-low of $62.65. Meritage Homes closed at $115.33 at the end of the last trading period.

Deutsche Bank initiated coverage on Lennar Corp LEN with a Sell rating. The price target for Lennar is set to $105.00. For the first quarter, Lennar had an EPS of $2.12, compared to year-ago quarter EPS of $2.70. At the moment, the stock has a 52-week-high of $116.18 and a 52-week-low of $62.55. Lennar closed at $107.12 at the end of the last trading period.

Deutsche Bank initiated coverage on Toll Brothers Inc TOL with a Buy rating. The price target for Toll Brothers is set to $94.00. Toll Brothers earned $2.85 in the second quarter, compared to $1.85 in the year-ago quarter. The stock has a 52-week-high of $69.22 and a 52-week-low of $39.63. At the end of the last trading period, Toll Brothers closed at $67.70.

With a Buy rating, Deutsche Bank initiated coverage on PulteGroup Inc PHM. The price target seems to have been set at $95.00 for PulteGroup. For the first quarter, PulteGroup had an EPS of $2.35, compared to year-ago quarter EPS of $1.83. The current stock performance of PulteGroup shows a 52-week-high of $70.54 and a 52-week-low of $35.05. Moreover, at the end of the last trading period, the closing price was at $66.08.

With a Buy rating, Deutsche Bank initiated coverage on D.R. Horton Inc DHI. The price target seems to have been set at $150.00 for D.R. Horton. For the second quarter, D.R. Horton had an EPS of $2.73, compared to year-ago quarter EPS of $4.03. The current stock performance of D.R. Horton shows a 52-week-high of $112.88 and a 52-week-low of $59.28. Moreover, at the end of the last trading period, the closing price was at $106.84.

With an Outperform rating, Baird initiated coverage on INmune Bio Inc INMB. The price target seems to have been set at $16.00 for INmune Bio. In the first quarter, INmune Bio showed an EPS of $0.36, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.73 and a 52-week-low of $5.87. INmune Bio closed at $7.58 at the end of the last trading period.

See all analyst ratings initiations.