Benzinga's Top Ratings Upgrades, Downgrades For June 5, 2023

Upgrades

According to Citigroup, the prior rating for Ford Motor Co F was changed from Neutral to Buy. For the first quarter, Ford Motor had an EPS of $0.63, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $16.68 and a 52-week-low of $10.62. Ford Motor closed at $12.39 at the end of the last trading period.

According to Wells Fargo, the prior rating for NGL Energy Partners LP NGL was changed from Underweight to Equal-Weight. In the fourth quarter, NGL Energy Partners showed an EPS of $0.10, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.03 and a 52-week-low of $1.00. NGL Energy Partners closed at $3.52 at the end of the last trading period.

According to JP Morgan, the prior rating for Valley National Bancorp VLY was changed from Neutral to Overweight. Valley Ntl earned $0.30 in the first quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $13.06 and a 52-week-low of $6.38. At the end of the last trading period, Valley Ntl closed at $8.00.

According to Odeon Capital, the prior rating for Comerica Inc CMA was changed from Hold to Buy. Comerica earned $2.39 in the first quarter, compared to $1.37 in the year-ago quarter. The stock has a 52-week-high of $87.02 and a 52-week-low of $28.40. At the end of the last trading period, Comerica closed at $40.93.

According to Seaport Global, the prior rating for Dominion Energy Inc D was changed from Neutral to Buy. Dominion Energy earned $0.99 in the first quarter, compared to $1.18 in the year-ago quarter. The stock has a 52-week-high of $86.28 and a 52-week-low of $48.48. At the end of the last trading period, Dominion Energy closed at $49.86.

BMO Capital upgraded the previous rating for Equity Residential EQR from Underperform to Market Perform. In the first quarter, Equity Residential showed an EPS of $0.87, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $80.87 and a 52-week-low of $54.60. Equity Residential closed at $63.09 at the end of the last trading period.

For Equitrans Midstream Corp ETRN, Morgan Stanley upgraded the previous rating of Underweight to Overweight. In the first quarter, Equitrans Midstream showed an EPS of $0.22, compared to $0.14 from the year-ago quarter. 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 $9.08 at the end of the last trading period.

According to Raymond James, the prior rating for Clipper Realty Inc CLPR was changed from Market Perform to Outperform. In the first quarter, Clipper Realty showed an EPS of $0.11, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.20 and a 52-week-low of $4.94. Clipper Realty closed at $5.69 at the end of the last trading period.

For Blackbaud Inc BLKB, Raymond James upgraded the previous rating of Market Perform to Outperform. Blackbaud earned $0.72 in the first quarter, compared to $0.57 in the year-ago quarter. The stock has a 52-week-high of $74.34 and a 52-week-low of $43.54. At the end of the last trading period, Blackbaud closed at $74.04.

For Fiera Capital Corp FRRPF, BMO Capital upgraded the previous rating of Market Perform to Outperform.

According to Keefe, Bruyette & Woods, the prior rating for DigitalBridge Group Inc DBRG was changed from Market Perform to Outperform. In the first quarter, DigitalBridge Gr showed an EPS of $1.25, compared to $1.84 from the year-ago quarter. The current stock performance of DigitalBridge Gr shows a 52-week-high of $23.44 and a 52-week-low of $9.99. Moreover, at the end of the last trading period, the closing price was at $12.84.

See all analyst ratings upgrades.

Downgrades

According to Stifel, the prior rating for Circor International Inc CIR was changed from Buy to Hold. Circor Intl earned $0.53 in the first quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Circor Intl shows a 52-week-high of $32.02 and a 52-week-low of $13.27. Moreover, at the end of the last trading period, the closing price was at $31.67.

According to Cannonball Research, the prior rating for Magnite Inc MGNI was changed from Buy to Neutral. In the first quarter, Magnite showed an EPS of $0.04, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $14.21 and a 52-week-low of $5.58. At the end of the last trading period, Magnite closed at $13.29.

B of A Securities downgraded the previous rating for Royal Gold Inc RGLD from Neutral to Underperform. Royal Gold earned $0.96 in the first quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $147.82 and a 52-week-low of $84.60. Royal Gold closed at $123.49 at the end of the last trading period.

For Blueprint Medicines Corp BPMC, SVB Leerink downgraded the previous rating of Market Perform to Underperform. Blueprint Medicines earned $2.15 in the first quarter, compared to $1.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $79.40 and a 52-week-low of $37.82. Blueprint Medicines closed at $58.22 at the end of the last trading period.

For Vitesse Energy Inc VTS, Evercore ISI Group downgraded the previous rating of Outperform to Neutral. In the first quarter, Vitesse Energy showed an EPS of $0.53, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $24.50 and a 52-week-low of $13.90. At the end of the last trading period, Vitesse Energy closed at $24.13.

For PROG Holdings Inc PRG, Loop Capital downgraded the previous rating of Buy to Hold. PROG Holdings earned $1.11 in the first quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $34.33 and a 52-week-low of $12.12. PROG Holdings closed at $34.16 at the end of the last trading period.

Oppenheimer downgraded the previous rating for The Estee Lauder Companies Inc EL from Outperform to Perform. Estee Lauder Cos earned $0.47 in the third quarter, compared to $1.90 in the year-ago quarter. The stock has a 52-week-high of $284.27 and a 52-week-low of $182.02. At the end of the last trading period, Estee Lauder Cos closed at $188.29.

According to Mizuho, the prior rating for Rain Oncology Inc RAIN was changed from Buy to Neutral. Rain Oncology earned $0.56 in the first quarter, compared to $0.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.48 and a 52-week-low of $0.94. Rain Oncology closed at $1.26 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Dollar General Corp DG was changed from Overweight to Equal-Weight. Dollar Gen earned $2.34 in the first quarter, compared to $2.41 in 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 $159.12. Moreover, at the end of the last trading period, the closing price was at $166.12.

According to Keybanc, the prior rating for Target Corp TGT was changed from Overweight to Sector Weight. Target earned $2.05 in the first quarter, compared to $2.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $183.84 and a 52-week-low of $126.75. Target closed at $133.22 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Sell rating, UBS initiated coverage on Cloudflare Inc NET. The price target seems to have been set at $55.00 for Cloudflare. In the first quarter, Cloudflare showed an EPS of $0.08, compared to $0.01 from the year-ago quarter. The current stock performance of Cloudflare shows a 52-week-high of $80.84 and a 52-week-low of $37.38. Moreover, at the end of the last trading period, the closing price was at $70.64.

With an Outperform rating, TD Cowen initiated coverage on Liberty Formula One Group FWONA. The price target seems to have been set at $90.00 for Liberty Formula One Group. In the first quarter, Liberty Formula One Group showed an EPS of $0.58, compared to $0.15 from the year-ago quarter. The current stock performance of Liberty Formula One Group shows a 52-week-high of $69.12 and a 52-week-low of $45.01. Moreover, at the end of the last trading period, the closing price was at $64.40.

For Axcelis Technologies Inc ACLS, William Blair initiated coverage, by setting the current rating at Outperform. For the first quarter, Axcelis Technologies had an EPS of $1.43, compared to year-ago quarter EPS of $1.22. The stock has a 52-week-high of $167.36 and a 52-week-low of $46.42. At the end of the last trading period, Axcelis Technologies closed at $162.36.

For NetEase Inc NTES, Bernstein initiated coverage, by setting the current rating at Outperform. NetEase earned $1.69 in the first quarter, compared to $1.22 in the year-ago quarter. The current stock performance of NetEase shows a 52-week-high of $108.71 and a 52-week-low of $53.12. Moreover, at the end of the last trading period, the closing price was at $86.61.

RBC Capital initiated coverage on GoDaddy Inc GDDY with a Sector Perform rating. The price target for GoDaddy is set to $80.00. For the first quarter, GoDaddy had an EPS of $0.30, compared to year-ago quarter EPS of $0.41. The current stock performance of GoDaddy shows a 52-week-high of $85.32 and a 52-week-low of $64.69. Moreover, at the end of the last trading period, the closing price was at $75.73.

With a Hold rating, Deutsche Bank initiated coverage on RPM International Inc RPM. The price target seems to have been set at $90.00 for RPM International. RPM International earned $0.37 in the third quarter, compared to $0.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $106.26 and a 52-week-low of $74.61. RPM International closed at $83.73 at the end of the last trading period.

See all analyst ratings initiations.