Benzinga's Top Ratings Upgrades, Downgrades For June 21, 2023

Upgrades

Goldman Sachs upgraded the previous rating for Petroleo Brasileiro SA Petrobras PBR from Neutral to Buy. Petrobras Brasileiro earned $1.12 in the first quarter, compared to $1.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. Petrobras Brasileiro closed at $14.23 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Quotient Technology Inc QUOT was changed from Underweight to Equal-Weight. In the first quarter, Quotient Technology showed an EPS of $0.18, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $4.25 and a 52-week-low of $1.68. At the end of the last trading period, Quotient Technology closed at $3.90.

According to Benchmark, the prior rating for LiveRamp Holdings Inc RAMP was changed from Hold to Buy. In the fourth quarter, LiveRamp Holdings showed an EPS of $0.32, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $30.68 and a 52-week-low of $15.38. At the end of the last trading period, LiveRamp Holdings closed at $26.44.

According to Loop Capital, the prior rating for OneSpaWorld Holdings Ltd OSW was changed from Hold to Buy. For the first quarter, OneSpaWorld Holdings had an EPS of $0.13, compared to year-ago quarter EPS of $0.03. The current stock performance of OneSpaWorld Holdings shows a 52-week-high of $13.00 and a 52-week-low of $6.80. Moreover, at the end of the last trading period, the closing price was at $11.27.

For Adobe Inc ADBE, BMO Capital upgraded the previous rating of Market Perform to Outperform. Adobe earned $3.91 in the second quarter, compared to $3.35 in the year-ago quarter. The stock has a 52-week-high of $518.74 and a 52-week-low of $274.80. At the end of the last trading period, Adobe closed at $485.86.

For Pet Valu Holdings Ltd PTVLF, National Bank Financial Inc upgraded the previous rating of Sector Perform to Outperform.

According to Wolfe Research, the prior rating for Spotify Technology SA SPOT was changed from Peer Perform to Outperform. Spotify Technology earned $1.24 in the first quarter, compared to $0.24 in the year-ago quarter. The current stock performance of Spotify Technology shows a 52-week-high of $160.63 and a 52-week-low of $69.41. Moreover, at the end of the last trading period, the closing price was at $156.82.

According to Keybanc, the prior rating for Avangrid Inc AGR was changed from Underweight to Sector Weight. For the first quarter, Avangrid had an EPS of $0.64, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $51.71 and a 52-week-low of $36.81. Avangrid closed at $37.89 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Northland Capital Markets, the prior rating for Coherent Corp COHR was changed from Outperform to Market Perform. For the third quarter, Coherent had an EPS of $0.58, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $60.46 and a 52-week-low of $26.29. Coherent closed at $55.31 at the end of the last trading period.

BMO Capital downgraded the previous rating for Xcel Energy Inc XEL from Outperform to Market Perform. In the first quarter, Xcel Energy showed an EPS of $0.76, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $77.63 and a 52-week-low of $56.92. At the end of the last trading period, Xcel Energy closed at $63.07.

Canaccord Genuity downgraded the previous rating for DICE Therapeutics Inc DICE from Buy to Hold. For the first quarter, DICE Therapeutics had an EPS of $0.54, compared to year-ago quarter EPS of $0.50. The current stock performance of DICE Therapeutics shows a 52-week-high of $46.75 and a 52-week-low of $13.34. Moreover, at the end of the last trading period, the closing price was at $46.44.

Exane BNP Paribas downgraded the previous rating for NatWest Group PLC NWG from Neutral to Underperform. In the first quarter, NatWest Group showed an EPS of $0.31, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $7.79 and a 52-week-low of $4.71. NatWest Group closed at $6.26 at the end of the last trading period.

Rosenblatt downgraded the previous rating for Quotient Technology Inc QUOT from Buy to Neutral. In the first quarter, Quotient Technology showed an EPS of $0.18, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.25 and a 52-week-low of $1.68. Quotient Technology closed at $3.90 at the end of the last trading period.

For DICE Therapeutics Inc DICE, HC Wainwright & Co. downgraded the previous rating of Buy to Neutral. DICE Therapeutics earned $0.54 in the first quarter, compared to $0.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of $46.75 and a 52-week-low of $13.34. DICE Therapeutics closed at $46.44 at the end of the last trading period.

Barclays downgraded the previous rating for Tesla Inc TSLA from Overweight to Equal-Weight. In the first quarter, Tesla showed an EPS of $0.85, compared to $1.07 from the year-ago quarter. The stock has a 52-week-high of $314.67 and a 52-week-low of $101.81. At the end of the last trading period, Tesla closed at $274.45.

According to Rosenblatt, the prior rating for Coherent Corp COHR was changed from Buy to Neutral. In the third quarter, Coherent showed an EPS of $0.58, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $60.46 and a 52-week-low of $26.29. At the end of the last trading period, Coherent closed at $55.31.

According to Needham, the prior rating for Teleflex Inc TFX was changed from Buy to Hold. For the first quarter, Teleflex had an EPS of $3.09, compared to year-ago quarter EPS of $2.88. The current stock performance of Teleflex shows a 52-week-high of $276.43 and a 52-week-low of $182.65. Moreover, at the end of the last trading period, the closing price was at $252.98.

For The Beauty Health Co SKIN, Stifel downgraded the previous rating of Buy to Hold. Beauty Health earned $0.04 in the first quarter, compared to $0.06 in the year-ago quarter. The current stock performance of Beauty Health shows a 52-week-high of $16.00 and a 52-week-low of $7.71. Moreover, at the end of the last trading period, the closing price was at $8.70.

According to Wolfe Research, the prior rating for Match Group Inc MTCH was changed from Outperform to Peer Perform. For the first quarter, Match Group had an EPS of $0.42, compared to year-ago quarter EPS of $0.60. The current stock performance of Match Group shows a 52-week-high of $79.35 and a 52-week-low of $30.73. Moreover, at the end of the last trading period, the closing price was at $42.42.

According to Wolfe Research, the prior rating for Peloton Interactive Inc PTON was changed from Peer Perform to Underperform. Peloton Interactive earned $0.79 in the third quarter, compared to $1.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.83 and a 52-week-low of $6.62. Peloton Interactive closed at $8.26 at the end of the last trading period.

For Constellation Energy Corp CEG, Keybanc downgraded the previous rating of Overweight to Sector Weight. For the first quarter, Constellation Energy had an EPS of $0.29, compared to year-ago quarter EPS of $0.32. At the moment, the stock has a 52-week-high of $97.77 and a 52-week-low of $52.65. Constellation Energy closed at $91.99 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Northland Capital Markets initiated coverage on CSG Systems International Inc CSGS with an Outperform rating. The price target for CSG Systems Intl is set to $82.00. CSG Systems Intl earned $1.04 in the first quarter, compared to $0.86 in the year-ago quarter. At the moment, the stock has a 52-week-high of $65.91 and a 52-week-low of $47.03. CSG Systems Intl closed at $50.74 at the end of the last trading period.

For Centessa Pharmaceuticals PLC CNTA, Evercore ISI Group initiated coverage, by setting the current rating at Outperform. Centessa Pharmaceuticals earned $0.53 in the first quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.95 and a 52-week-low of $3.00. Centessa Pharmaceuticals closed at $5.50 at the end of the last trading period.

With a Buy rating, Craig-Hallum initiated coverage on Semtech Corp SMTC. The price target seems to have been set at $35.00 for Semtech. For the first quarter, Semtech had an EPS of $0.02, compared to year-ago quarter EPS of $0.80. The stock has a 52-week-high of $65.51 and a 52-week-low of $17.82. At the end of the last trading period, Semtech closed at $22.61.

Citigroup initiated coverage on Everest Re Group Ltd RE with a Buy rating. The price target for Everest Re Group is set to $406.00. Everest Re Group earned $11.31 in the first quarter, compared to $10.31 in the year-ago quarter. The current stock performance of Everest Re Group shows a 52-week-high of $395.00 and a 52-week-low of $244.67. Moreover, at the end of the last trading period, the closing price was at $352.74.

With a Buy rating, BTIG initiated coverage on Tidewater Inc TDW. The price target seems to have been set at $75.00 for Tidewater. For the first quarter, Tidewater had an EPS of $0.23, compared to year-ago quarter EPS of $0.28. The current stock performance of Tidewater shows a 52-week-high of $51.88 and a 52-week-low of $17.55. Moreover, at the end of the last trading period, the closing price was at $45.63.

DA Davidson initiated coverage on Private Bancorp of America Inc PBAM with a Buy rating. The price target for Private Bancorp is set to $39.00.

DA Davidson initiated coverage on California Bancorp CALB with a Buy rating. The price target for California Bancorp is set to $25.00. California Bancorp earned $0.64 in the first quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $26.17 and a 52-week-low of $12.78. At the end of the last trading period, California Bancorp closed at $14.34.

DA Davidson initiated coverage on Southern Calif Bancorp BCAL with a Buy rating. The price target for Southern Calif Bancorp is set to $17.00.

DA Davidson initiated coverage on Avidbank Holdings Inc AVBH with a Buy rating. The price target for Avidbank Holdings is set to $24.00.

With an Outperform rating, RBC Capital initiated coverage on Avantor Inc AVTR. The price target seems to have been set at $27.00 for Avantor. In the first quarter, Avantor showed an EPS of $0.29, compared to $0.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.76 and a 52-week-low of $17.92. Avantor closed at $19.65 at the end of the last trading period.

With an Overweight rating, JP Morgan initiated coverage on Tyler Technologies Inc TYL. The price target seems to have been set at $472.00 for Tyler Technologies. In the first quarter, Tyler Technologies showed an EPS of $1.76, compared to $1.90 from the year-ago quarter. The current stock performance of Tyler Technologies shows a 52-week-high of $424.89 and a 52-week-low of $281.32. Moreover, at the end of the last trading period, the closing price was at $391.66.

Roth MKM initiated coverage on FiscalNote Holdings Inc NOTE with a Buy rating. The price target for FiscalNote Holdings is set to $4.75. The current stock performance of FiscalNote Holdings shows a 52-week-high of $12.26 and a 52-week-low of $1.31. Moreover, at the end of the last trading period, the closing price was at $3.42.

Wolfe Research initiated coverage on Duolingo Inc DUOL with a Peer Perform rating. For the first quarter, Duolingo had an EPS of $0.06, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $168.40 and a 52-week-low of $64.73. Duolingo closed at $150.20 at the end of the last trading period.

See all analyst ratings initiations.