Benzinga's Top Ratings Upgrades, Downgrades For June 8, 2023

Upgrades

According to Wolfe Research, the prior rating for T-Mobile US Inc TMUS was changed from Peer Perform to Outperform. For the first quarter, T-Mobile US had an EPS of $1.58, compared to year-ago quarter EPS of $0.57. At the moment, the stock has a 52-week-high of $154.29 and a 52-week-low of $121.78. T-Mobile US closed at $126.55 at the end of the last trading period.

For The Toronto-Dominion Bank TD, Credit Suisse upgraded the previous rating of Neutral to Outperform. In the second quarter, Toronto-Dominion Bank showed an EPS of $1.44, compared to $1.59 from the year-ago quarter. The stock has a 52-week-high of $76.62 and a 52-week-low of $55.43. At the end of the last trading period, Toronto-Dominion Bank closed at $58.24.

According to Evercore ISI Group, the prior rating for Marsh & McLennan Companies Inc MMC was changed from In-Line to Outperform. Marsh & McLennan earned $2.53 in the first quarter, compared to $2.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $182.43 and a 52-week-low of $143.37. Marsh & McLennan closed at $174.89 at the end of the last trading period.

According to Wolfe Research, the prior rating for Aptiv PLC APTV was changed from Peer Perform to Outperform. In the first quarter, Aptiv showed an EPS of $0.91, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $124.88 and a 52-week-low of $78.03. Aptiv closed at $96.09 at the end of the last trading period.

For Visteon Corp VC, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. In the first quarter, Visteon showed an EPS of $1.25, compared to $1.09 from the year-ago quarter. The stock has a 52-week-high of $171.66 and a 52-week-low of $94.77. At the end of the last trading period, Visteon closed at $147.29.

For Evotec SE EVO, Citigroup upgraded the previous rating of Neutral to Buy. In the fourth quarter, Evotec showed an EPS of $0.08, compared to $0.23 from the year-ago quarter. The current stock performance of Evotec shows a 52-week-high of $15.04 and a 52-week-low of $7.80. Moreover, at the end of the last trading period, the closing price was at $11.26.

See all analyst ratings upgrades.

Downgrades

According to B of A Securities, the prior rating for New Fortress Energy Inc NFE was changed from Buy to Neutral. For the first quarter, New Fortress Energy had an EPS of $0.90, compared to year-ago quarter EPS of $1.13. At the moment, the stock has a 52-week-high of $63.06 and a 52-week-low of $25.06. New Fortress Energy closed at $31.49 at the end of the last trading period.

Argus Research downgraded the previous rating for Integra Lifesciences Holdings Corp IART from Buy to Hold. In the first quarter, Integra Lifesciences showed an EPS of $0.74, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $61.65 and a 52-week-low of $37.36. At the end of the last trading period, Integra Lifesciences closed at $41.25.

According to Loop Capital, the prior rating for E2open Parent Holdings Inc ETWO was changed from Buy to Hold. For the fourth quarter, E2open Parent Holdings had an EPS of $0.07, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $8.60 and a 52-week-low of $3.92. E2open Parent Holdings closed at $5.42 at the end of the last trading period.

For Carrier Global Corp CARR, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Carrier Global earned $0.52 in the first quarter, compared to $0.54 in the year-ago quarter. The current stock performance of Carrier Global shows a 52-week-high of $49.17 and a 52-week-low of $33.11. Moreover, at the end of the last trading period, the closing price was at $45.60.

Jefferies downgraded the previous rating for Wynn Resorts Ltd WYNN from Buy to Hold. For the first quarter, Wynn Resorts had an EPS of $0.29, compared to year-ago quarter EPS of $1.21. The current stock performance of Wynn Resorts shows a 52-week-high of $117.86 and a 52-week-low of $50.22. Moreover, at the end of the last trading period, the closing price was at $103.26.

According to Jefferies, the prior rating for Las Vegas Sands Corp LVS was changed from Buy to Hold. For the first quarter, Las Vegas Sands had an EPS of $0.28, compared to year-ago quarter EPS of $0.40. At the moment, the stock has a 52-week-high of $65.58 and a 52-week-low of $30.14. Las Vegas Sands closed at $58.49 at the end of the last trading period.

For EPAM Systems Inc EPAM, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. EPAM Sys earned $2.47 in the first quarter, compared to $2.49 in the year-ago quarter. The current stock performance of EPAM Sys shows a 52-week-high of $462.52 and a 52-week-low of $197.99. Moreover, at the end of the last trading period, the closing price was at $210.12.

According to Telsey Advisory Group, the prior rating for Torrid Holdings Inc CURV was changed from Outperform to Market Perform. In the first quarter, Torrid Holdings showed an EPS of $0.11, compared to $0.23 from the year-ago quarter. The current stock performance of Torrid Holdings shows a 52-week-high of $8.28 and a 52-week-low of $2.04. Moreover, at the end of the last trading period, the closing price was at $2.47.

Wolfe Research downgraded the previous rating for Fisker Inc FSR from Peer Perform to Underperform. For the first quarter, Fisker had an EPS of $0.38, compared to year-ago quarter EPS of $0.41. The stock has a 52-week-high of $11.41 and a 52-week-low of $4.26. At the end of the last trading period, Fisker closed at $6.18.

Wolfe Research downgraded the previous rating for SES AI Corp SES from Peer Perform to Underperform. SES AI earned $0.05 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.40 and a 52-week-low of $1.33. SES AI closed at $2.12 at the end of the last trading period.

Wolfe Research downgraded the previous rating for Solid Power Inc SLDP from Peer Perform to Underperform. In the first quarter, Solid Power showed an EPS of $0.11, compared to $0.06 from the year-ago quarter. The current stock performance of Solid Power shows a 52-week-high of $7.75 and a 52-week-low of $1.83. Moreover, at the end of the last trading period, the closing price was at $2.45.

According to Wolfe Research, the prior rating for QuantumScape Corp QS was changed from Peer Perform to Underperform. For the first quarter, QuantumScape had an EPS of $0.24, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $13.86 and a 52-week-low of $5.11. At the end of the last trading period, QuantumScape closed at $7.33.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on Alkami Technology Inc ALKT. The price target seems to have been set at $21.00 for Alkami Technology. For the first quarter, Alkami Technology had an EPS of $0.04, compared to year-ago quarter EPS of $0.05. The current stock performance of Alkami Technology shows a 52-week-high of $17.71 and a 52-week-low of $10.75. Moreover, at the end of the last trading period, the closing price was at $14.82.

Piper Sandler initiated coverage on Monster Beverage Corp MNST with a Neutral rating. The price target for Monster Beverage is set to $60.00. In the first quarter, Monster Beverage showed an EPS of $0.38, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $60.47 and a 52-week-low of $41.95. Monster Beverage closed at $56.90 at the end of the last trading period.

Benchmark initiated coverage on Reviva Pharmaceuticals Holdings Inc RVPH with a Speculative Buy rating. The price target for Reviva Pharmaceuticals is set to $17.00. For the first quarter, Reviva Pharmaceuticals had an EPS of $0.30, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $9.25 and a 52-week-low of $0.53. At the end of the last trading period, Reviva Pharmaceuticals closed at $7.16.

SVB Securities initiated coverage on CureVac NV CVAC with an Outperform rating. The price target for CureVac is set to $13.00. In the first quarter, CureVac showed an EPS of $0.29, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.19 and a 52-week-low of $5.63. CureVac closed at $9.92 at the end of the last trading period.

With a Neutral rating, B of A Securities initiated coverage on Roivant Sciences Ltd ROIV. The price target seems to have been set at $10.50 for Roivant Sciences. In the third quarter, Roivant Sciences showed an EPS of $0.49, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $10.00 and a 52-week-low of $2.88. At the end of the last trading period, Roivant Sciences closed at $9.75.

With a Hold rating, Odeon Capital initiated coverage on PacWest Bancorp PACW. The price target seems to have been set at $8.75 for PacWest Banc. In the first quarter, PacWest Banc showed an EPS of $0.66, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.51 and a 52-week-low of $2.48. PacWest Banc closed at $9.15 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on PennantPark Floating Rate Capital Ltd PFLT. The price target seems to have been set at $11.00 for PennantPark Floating Rate. PennantPark Floating Rate earned $0.34 in the second quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.38 and a 52-week-low of $9.45. PennantPark Floating Rate closed at $10.91 at the end of the last trading period.

With a Buy rating, Lake Street initiated coverage on Flux Power Holdings Inc FLUX. The price target seems to have been set at $10.00 for Flux Power Holdings. For the third quarter, Flux Power Holdings had an EPS of $0.09, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $7.50 and a 52-week-low of $2.00. Flux Power Holdings closed at $3.94 at the end of the last trading period.

Bernstein initiated coverage on Lufax Holding Ltd LU with an Outperform rating. The price target for Lufax Holding is set to $2.50. For the first quarter, Lufax Holding had an EPS of $0.04, compared to year-ago quarter EPS of $0.34. At the moment, the stock has a 52-week-high of $7.05 and a 52-week-low of $1.23. Lufax Holding closed at $1.57 at the end of the last trading period.

Goldman Sachs initiated coverage on Sempra Energy SRE with a Buy rating. The price target for Sempra Energy is set to $178.00. Sempra Energy earned $2.92 in the first quarter, compared to $2.91 in the year-ago quarter. At the moment, the stock has a 52-week-high of $176.40 and a 52-week-low of $136.76. Sempra Energy closed at $148.21 at the end of the last trading period.

With a Neutral rating, Goldman Sachs initiated coverage on Duke Energy Corp DUK. The price target seems to have been set at $99.00 for Duke Energy. In the first quarter, Duke Energy showed an EPS of $1.20, compared to $1.29 from the year-ago quarter. The current stock performance of Duke Energy shows a 52-week-high of $113.66 and a 52-week-low of $83.78. Moreover, at the end of the last trading period, the closing price was at $91.57.

With a Buy rating, Goldman Sachs initiated coverage on Southern Co SO. The price target seems to have been set at $80.00 for Southern. In the first quarter, Southern showed an EPS of $0.79, compared to $0.97 from the year-ago quarter. The current stock performance of Southern shows a 52-week-high of $80.52 and a 52-week-low of $58.85. Moreover, at the end of the last trading period, the closing price was at $70.13.

Goldman Sachs initiated coverage on Public Service Enterprise Group Inc PEG with a Neutral rating. The price target for Public Service Enterprise is set to $64.00. Public Service Enterprise earned $1.39 in the first quarter, compared to $1.33 in the year-ago quarter. The stock has a 52-week-high of $69.90 and a 52-week-low of $52.53. At the end of the last trading period, Public Service Enterprise closed at $62.72.

Goldman Sachs initiated coverage on Xcel Energy Inc XEL with a Buy rating. The price target for Xcel Energy is set to $75.00. For the first quarter, Xcel Energy had an EPS of $0.76, compared to year-ago quarter EPS of $0.70. The current stock performance of Xcel Energy shows a 52-week-high of $77.63 and a 52-week-low of $56.92. Moreover, at the end of the last trading period, the closing price was at $64.31.

Goldman Sachs initiated coverage on NextEra Energy Inc NEE with a Buy rating. The price target for NextEra Energy is set to $90.00. In the first quarter, NextEra Energy showed an EPS of $0.84, compared to $0.74 from the year-ago quarter. The current stock performance of NextEra Energy shows a 52-week-high of $91.35 and a 52-week-low of $69.64. Moreover, at the end of the last trading period, the closing price was at $74.17.

With a Sell rating, Goldman Sachs initiated coverage on Consolidated Edison Inc ED. The price target seems to have been set at $88.00 for Consolidated Edison. For the first quarter, Consolidated Edison had an EPS of $1.83, compared to year-ago quarter EPS of $1.47. At the moment, the stock has a 52-week-high of $102.19 and a 52-week-low of $78.21. Consolidated Edison closed at $93.54 at the end of the last trading period.

With a Sell rating, Goldman Sachs initiated coverage on Exelon Corp EXC. The price target seems to have been set at $39.00 for Exelon. For the first quarter, Exelon had an EPS of $0.70, compared to year-ago quarter EPS of $0.64. At the moment, the stock has a 52-week-high of $49.23 and a 52-week-low of $35.19. Exelon closed at $40.34 at the end of the last trading period.

Goldman Sachs initiated coverage on American Electric Power Co Inc AEP with a Buy rating. The price target for American Electric Power is set to $98.00. In the first quarter, American Electric Power showed an EPS of $1.11, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $105.58 and a 52-week-low of $80.33. At the end of the last trading period, American Electric Power closed at $84.58.

With an Outperform rating, Baird initiated coverage on Oculis Holding AG OCS. The price target seems to have been set at $58.00 for Oculis Holding. The current stock performance of Oculis Holding shows a 52-week-high of $13.95 and a 52-week-low of $6.26. Moreover, at the end of the last trading period, the closing price was at $11.33.

National Bank Financial Inc initiated coverage on Gold Royalty Corp GROY with an Outperform rating. The price target for Gold Royalty is set to $2.85. In the second quarter, Gold Royalty showed an EPS of $0.01, compared to $0.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.22 and a 52-week-low of $1.90. Gold Royalty closed at $1.97 at the end of the last trading period.

With an Underweight rating, Wells Fargo initiated coverage on Booking Holdings Inc BKNG. The price target seems to have been set at $2257.00 for Booking Holdings. Booking Holdings earned $11.60 in the first quarter, compared to $3.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2786.85 and a 52-week-low of $1621.49. Booking Holdings closed at $2644.18 at the end of the last trading period.

DA Davidson initiated coverage on Five9 Inc FIVN with a Neutral rating. The price target for Five9 is set to $75.00. For the first quarter, Five9 had an EPS of $0.41, compared to year-ago quarter EPS of $0.22. The current stock performance of Five9 shows a 52-week-high of $120.29 and a 52-week-low of $46.63. Moreover, at the end of the last trading period, the closing price was at $71.55.

Oppenheimer initiated coverage on Zscaler Inc ZS with an Outperform rating. The price target for Zscaler is set to $180.00. For the third quarter, Zscaler had an EPS of $0.48, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $194.07 and a 52-week-low of $84.93. At the end of the last trading period, Zscaler closed at $144.92.

With an Underweight rating, Wells Fargo initiated coverage on Expedia Group Inc EXPE. The price target seems to have been set at $93.00 for Expedia Group. For the first quarter, Expedia Group had an EPS of $0.20, compared to year-ago quarter EPS of $0.47. At the moment, the stock has a 52-week-high of $133.47 and a 52-week-low of $82.39. Expedia Group closed at $109.09 at the end of the last trading period.

Wells Fargo initiated coverage on Lyft Inc LYFT with a Equal-Weight rating. The price target for Lyft is set to $9.00. Lyft earned $0.07 in the first quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $21.52 and a 52-week-low of $7.85. At the end of the last trading period, Lyft closed at $10.30.

Wells Fargo initiated coverage on Uber Technologies Inc UBER with an Overweight rating. The price target for Uber Technologies is set to $50.00. In the first quarter, Uber Technologies showed an EPS of $0.08, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.79 and a 52-week-low of $19.90. Uber Technologies closed at $38.99 at the end of the last trading period.

With an Underweight rating, Wells Fargo initiated coverage on Etsy Inc ETSY. The price target seems to have been set at $70.00 for Etsy. For the first quarter, Etsy had an EPS of $0.53, compared to year-ago quarter EPS of $0.60. At the moment, the stock has a 52-week-high of $149.91 and a 52-week-low of $67.06. Etsy closed at $87.57 at the end of the last trading period.

With an Underweight rating, Wells Fargo initiated coverage on Airbnb Inc ABNB. The price target seems to have been set at $99.00 for Airbnb. Airbnb earned $0.18 in the first quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $144.63 and a 52-week-low of $81.92. At the end of the last trading period, Airbnb closed at $116.55.

Wells Fargo initiated coverage on Amazon.com Inc AMZN with an Overweight rating. The price target for Amazon.com is set to $159.00. For the first quarter, Amazon.com had an EPS of $0.35, compared to year-ago quarter EPS of $0.37. The current stock performance of Amazon.com shows a 52-week-high of $146.57 and a 52-week-low of $81.43. Moreover, at the end of the last trading period, the closing price was at $121.23.

See all analyst ratings initiations.