Benzinga's Top Ratings Upgrades, Downgrades For June 22, 2023

Upgrades

For DiaMedica Therapeutics Inc DMAC, Oppenheimer upgraded the previous rating of Perform to Outperform. In the first quarter, DiaMedica Therapeutics showed an EPS of $0.20, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.05 and a 52-week-low of $1.12. DiaMedica Therapeutics closed at $3.64 at the end of the last trading period.

For Kellogg Co K, Bernstein upgraded the previous rating of Underperform to Market Perform. For the first quarter, Kellogg had an EPS of $1.10, compared to year-ago quarter EPS of $1.10. At the moment, the stock has a 52-week-high of $77.16 and a 52-week-low of $63.74. Kellogg closed at $65.24 at the end of the last trading period.

For Agree Realty Corp ADC, Mizuho upgraded the previous rating of Neutral to Buy. Agree Realty earned $0.98 in the first quarter, compared to $0.97 in the year-ago quarter. At the moment, the stock has a 52-week-high of $80.41 and a 52-week-low of $63.34. Agree Realty closed at $65.19 at the end of the last trading period.

For Grab Holdings Inc GRAB, JP Morgan upgraded the previous rating of Underweight to Neutral. In the first quarter, Grab Hldgs showed an EPS of $0.06, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.03 and a 52-week-low of $2.19. Grab Hldgs closed at $3.39 at the end of the last trading period.

For XP Inc XP, B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, XP had an EPS of $0.28, compared to year-ago quarter EPS of $0.28. The current stock performance of XP shows a 52-week-high of $25.18 and a 52-week-low of $10.30. Moreover, at the end of the last trading period, the closing price was at $24.52.

See all analyst ratings upgrades.

Downgrades

For Dow Inc DOW, B of A Securities downgraded the previous rating of Neutral to Underperform. For the first quarter, Dow had an EPS of $0.58, compared to year-ago quarter EPS of $2.34. At the moment, the stock has a 52-week-high of $60.88 and a 52-week-low of $42.92. Dow closed at $51.88 at the end of the last trading period.

For The AES Corp AES, B of A Securities downgraded the previous rating of Buy to Neutral. In the first quarter, AES showed an EPS of $0.22, compared to $0.21 from the year-ago quarter. The current stock performance of AES shows a 52-week-high of $29.87 and a 52-week-low of $18.91. Moreover, at the end of the last trading period, the closing price was at $20.98.

For Celanese Corp CE, B of A Securities downgraded the previous rating of Buy to Neutral. Celanese earned $2.01 in the first quarter, compared to $5.54 in the year-ago quarter. The stock has a 52-week-high of $128.35 and a 52-week-low of $86.73. At the end of the last trading period, Celanese closed at $108.52.

For The Chemours Co CC, B of A Securities downgraded the previous rating of Buy to Neutral. Chemours earned $0.98 in the first quarter, compared to $1.46 in the year-ago quarter. The stock has a 52-week-high of $38.34 and a 52-week-low of $23.60. At the end of the last trading period, Chemours closed at $33.95.

For Enphase Energy Inc ENPH, OTR Global downgraded the previous rating of Mixed to Negative. For the first quarter, Enphase Energy had an EPS of $1.37, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $152.15. Enphase Energy closed at $167.99 at the end of the last trading period.

According to BMO Capital, the prior rating for Xcel Energy Inc XEL was changed from Outperform to Market Perform. Xcel Energy earned $0.76 in the first quarter, compared to $0.70 in the year-ago quarter. At the moment, the stock has a 52-week-high of $77.63 and a 52-week-low of $56.92. Xcel Energy closed at $62.81 at the end of the last trading period.

According to Oppenheimer, the prior rating for Equinix Inc EQIX was changed from Outperform to Perform. For the first quarter, Equinix had an EPS of $8.59, compared to year-ago quarter EPS of $7.16. The current stock performance of Equinix shows a 52-week-high of $792.02 and a 52-week-low of $495.11. Moreover, at the end of the last trading period, the closing price was at $768.00.

According to Morgan Stanley, the prior rating for Tesla Inc TSLA was changed 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. At the moment, the stock has a 52-week-high of $314.67 and a 52-week-low of $101.81. Tesla closed at $259.46 at the end of the last trading period.

Baird downgraded the previous rating for Mercury Systems Inc MRCY from Outperform to Neutral. Mercury Sys earned $0.40 in the third quarter, compared to $0.57 in the year-ago quarter. At the moment, the stock has a 52-week-high of $65.41 and a 52-week-low of $34.13. Mercury Sys closed at $38.10 at the end of the last trading period.

For Eneti Inc NETI, Citigroup downgraded the previous rating of Buy to Neutral. Eneti earned $0.48 in the first quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.46 and a 52-week-low of $5.13. Eneti closed at $11.89 at the end of the last trading period.

According to New Street Research, the prior rating for PagSeguro Digital Ltd PAGS was changed from Buy to Neutral. For the first quarter, PagSeguro Digital had an EPS of $0.23, compared to year-ago quarter EPS of $0.21. The current stock performance of PagSeguro Digital shows a 52-week-high of $19.49 and a 52-week-low of $7.51. Moreover, at the end of the last trading period, the closing price was at $10.87.

Piper Sandler downgraded the previous rating for DigitalOcean Holdings Inc DOCN from Neutral to Underweight. In the first quarter, DigitalOcean Holdings showed an EPS of $0.28, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $53.86 and a 52-week-low of $23.39. DigitalOcean Holdings closed at $41.38 at the end of the last trading period.

For Alcoa Corp AA, Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. For the first quarter, Alcoa had an EPS of $0.23, compared to year-ago quarter EPS of $3.06. The stock has a 52-week-high of $58.19 and a 52-week-low of $31.14. At the end of the last trading period, Alcoa closed at $34.91.

See all analyst ratings downgrades.

Initiations

With a Hold rating, Deutsche Bank initiated coverage on Iridium Communications Inc IRDM. The price target seems to have been set at $61.00 for Iridium Comms. In the first quarter, Iridium Comms showed an EPS of $0.08, compared to $0.02 from the year-ago quarter. The current stock performance of Iridium Comms shows a 52-week-high of $68.34 and a 52-week-low of $36.42. Moreover, at the end of the last trading period, the closing price was at $61.48.

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. For the first quarter, Everest Re Group had an EPS of $11.31, compared to year-ago quarter EPS of $10.31. At the moment, the stock has a 52-week-high of $395.00 and a 52-week-low of $244.67. Everest Re Group closed at $351.85 at the end of the last trading period.

With a Buy rating, Guggenheim initiated coverage on Zura Bio Ltd ZURA. The price target seems to have been set at $20.00 for Zura Bio. The stock has a 52-week-high of $37.55 and a 52-week-low of $4.87. At the end of the last trading period, Zura Bio closed at $11.62.

Cantor Fitzgerald initiated coverage on Humacyte Inc HUMA with an Overweight rating. The price target for Humacyte is set to $6.00. For the first quarter, Humacyte had an EPS of $0.36, compared to year-ago quarter EPS of $0.19. The current stock performance of Humacyte shows a 52-week-high of $5.60 and a 52-week-low of $1.96. Moreover, at the end of the last trading period, the closing price was at $2.89.

Benchmark initiated coverage on FingerMotion Inc FNGR with a Buy rating. The price target for FingerMotion is set to $5.00. For the fourth quarter, FingerMotion had an EPS of $0.04, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $9.79 and a 52-week-low of $0.62. At the end of the last trading period, FingerMotion closed at $2.89.

B. Riley Securities initiated coverage on Outbrain Inc OB with a Neutral rating. The price target for Outbrain is set to $5.00. In the first quarter, Outbrain showed an EPS of $0.09, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.92 and a 52-week-low of $3.34. Outbrain closed at $4.80 at the end of the last trading period.

With a Buy rating, B. Riley Securities initiated coverage on Taboola.com Ltd TBLA. The price target seems to have been set at $5.00 for Taboola.com. Taboola.com earned $0.01 in the first quarter, compared to $0.02 in the year-ago quarter. The current stock performance of Taboola.com shows a 52-week-high of $4.45 and a 52-week-low of $1.52. Moreover, at the end of the last trading period, the closing price was at $2.89.

With a Buy rating, Mizuho initiated coverage on Terns Pharmaceuticals Inc TERN. The price target seems to have been set at $16.00 for Terns Pharma. Terns Pharma earned $0.31 in the first quarter, compared to $0.55 in the year-ago quarter. The stock has a 52-week-high of $14.04 and a 52-week-low of $1.79. At the end of the last trading period, Terns Pharma closed at $11.86.

With a Buy rating, Stifel initiated coverage on Pembina Pipeline Corp PBA. The price target seems to have been set at $51.00 for Pembina Pipeline. For the first quarter, Pembina Pipeline had an EPS of $0.45, compared to year-ago quarter EPS of $0.64. The current stock performance of Pembina Pipeline shows a 52-week-high of $38.27 and a 52-week-low of $29.59. Moreover, at the end of the last trading period, the closing price was at $30.96.

With a Neutral rating, B. Riley Securities initiated coverage on trivago NV TRVG. The price target seems to have been set at $2.00 for trivago. trivago earned $0.03 in the first quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $2.03 and a 52-week-low of $0.93. At the end of the last trading period, trivago closed at $1.15.

B. Riley Securities initiated coverage on Despegar.com Corp DESP with a Buy rating. The price target for Despegar.com is set to $10.00. Despegar.com earned $0.10 in the first quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Despegar.com shows a 52-week-high of $9.10 and a 52-week-low of $4.45. Moreover, at the end of the last trading period, the closing price was at $6.98.

With a Buy rating, B. Riley Securities initiated coverage on TripAdvisor Inc TRIP. The price target seems to have been set at $25.00 for TripAdvisor. In the first quarter, TripAdvisor showed an EPS of $0.05, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $28.05 and a 52-week-low of $14.38. At the end of the last trading period, TripAdvisor closed at $16.11.

With a Buy rating, DA Davidson initiated coverage on The Toro Co TTC. The price target seems to have been set at $117.00 for Toro. In the second quarter, Toro showed an EPS of $1.58, compared to $1.25 from the year-ago quarter. The stock has a 52-week-high of $117.66 and a 52-week-low of $72.06. At the end of the last trading period, Toro closed at $97.79.

B. Riley Securities initiated coverage on Expedia Group Inc EXPE with a Buy rating. The price target for Expedia Group is set to $160.00. In the first quarter, Expedia Group showed an EPS of $0.20, compared to $0.47 from the year-ago quarter. The current stock performance of Expedia Group shows a 52-week-high of $124.95 and a 52-week-low of $82.39. Moreover, at the end of the last trading period, the closing price was at $105.01.

DA Davidson initiated coverage on Caterpillar Inc CAT with a Neutral rating. The price target for Caterpillar is set to $263.00. In the first quarter, Caterpillar showed an EPS of $4.91, compared to $2.88 from the year-ago quarter. The current stock performance of Caterpillar shows a 52-week-high of $266.04 and a 52-week-low of $160.66. Moreover, at the end of the last trading period, the closing price was at $241.48.

Stifel initiated coverage on PPL Corp PPL with a Buy rating. The price target for PPL is set to $51.00. In the first quarter, PPL showed an EPS of $0.48, compared to $0.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.74 and a 52-week-low of $23.47. PPL closed at $26.89 at the end of the last trading period.

Roth MKM initiated coverage on Bunge Ltd BG with a Buy rating. The price target for Bunge is set to $138.00. For the first quarter, Bunge had an EPS of $3.26, compared to year-ago quarter EPS of $4.26. At the moment, the stock has a 52-week-high of $106.99 and a 52-week-low of $80.47. Bunge closed at $91.82 at the end of the last trading period.

With a Buy rating, Roth MKM initiated coverage on Andersons Inc ANDE. The price target seems to have been set at $55.00 for Andersons. Andersons earned $0.20 in the first quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $46.48 and a 52-week-low of $29.38. At the end of the last trading period, Andersons closed at $44.97.

With a Buy rating, Roth MKM initiated coverage on Archer-Daniels Midland Co ADM. The price target seems to have been set at $92.00 for Archer-Daniels Midland. In the first quarter, Archer-Daniels Midland showed an EPS of $2.09, compared to $1.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $98.28 and a 52-week-low of $69.92. Archer-Daniels Midland closed at $73.46 at the end of the last trading period.

With an Outperform rating, Wedbush initiated coverage on TScan Therapeutics Inc TCRX. The price target seems to have been set at $8.00 for TScan Therapeutics. In the first quarter, TScan Therapeutics showed an EPS of $0.93, compared to $0.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.03 and a 52-week-low of $1.47. TScan Therapeutics closed at $2.84 at the end of the last trading period.

See all analyst ratings initiations.