Benzinga's Top Ratings Upgrades, Downgrades For June 27, 2023

Upgrades

According to Evercore ISI Group, the prior rating for Saia Inc SAIA was changed from In-Line to Outperform. Saia earned $2.85 in the first quarter, compared to $2.98 in the year-ago quarter. The stock has a 52-week-high of $330.87 and a 52-week-low of $175.68. At the end of the last trading period, Saia closed at $322.53.

Northcoast Research upgraded the previous rating for Wingstop Inc WING from Neutral to Buy. In the first quarter, Wingstop showed an EPS of $0.59, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $223.77 and a 52-week-low of $72.18. Wingstop closed at $188.75 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Sunstone Hotel Investors Inc SHO from Underweight to Equal-Weight. For the first quarter, Sunstone Hotel Invts had an EPS of $0.21, compared to year-ago quarter EPS of $0.08. The current stock performance of Sunstone Hotel Invts shows a 52-week-high of $12.33 and a 52-week-low of $8.60. Moreover, at the end of the last trading period, the closing price was at $9.61.

According to JP Morgan, the prior rating for Coterra Energy Inc CTRA was changed from Neutral to Overweight. In the first quarter, Coterra Energy showed an EPS of $0.87, compared to $1.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.46 and a 52-week-low of $22.25. Coterra Energy closed at $23.96 at the end of the last trading period.

For Guidewire Software Inc GWRE, Stifel upgraded the previous rating of Hold to Buy. For the third quarter, Guidewire Software had an EPS of $0.08, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $83.51 and a 52-week-low of $52.19. At the end of the last trading period, Guidewire Software closed at $69.52.

For Kellogg Co K, Goldman Sachs upgraded the previous rating of Neutral to Buy. Kellogg earned $1.10 in the first quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $77.16 and a 52-week-low of $63.74. Kellogg closed at $65.60 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Guggenheim downgraded the previous rating for Adicet Bio Inc ACET from Buy to Neutral. Adicet Bio earned $0.72 in the first quarter, compared to $0.10 in 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 $4.18. Moreover, at the end of the last trading period, the closing price was at $4.66.

B. Riley Securities downgraded the previous rating for Ballard Power Systems Inc BLDP from Buy to Neutral. Ballard Power Systems earned $0.11 in the first quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Ballard Power Systems shows a 52-week-high of $9.27 and a 52-week-low of $3.98. Moreover, at the end of the last trading period, the closing price was at $4.26.

Morgan Stanley downgraded the previous rating for Host Hotels & Resorts Inc HST from Equal-Weight to Underweight. For the first quarter, Host Hotels & Resorts had an EPS of $0.55, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $19.75 and a 52-week-low of $14.51. Host Hotels & Resorts closed at $16.43 at the end of the last trading period.

According to Oppenheimer, the prior rating for Avalo Therapeutics Inc AVTX was changed from Outperform to Perform. In the first quarter, Avalo Therapeutics showed an EPS of $0.85, compared to $2.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $7.32 and a 52-week-low of $0.50. Avalo Therapeutics closed at $0.50 at the end of the last trading period.

For Avalo Therapeutics Inc AVTX, RBC Capital downgraded the previous rating of Outperform to Sector Perform. Avalo Therapeutics earned $0.85 in the first quarter, compared to $2.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.32 and a 52-week-low of $0.50. Avalo Therapeutics closed at $0.50 at the end of the last trading period.

Truist Securities downgraded the previous rating for Equinix Inc EQIX from Buy to Hold. Equinix earned $8.59 in the first quarter, compared to $7.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $792.02 and a 52-week-low of $495.11. Equinix closed at $759.94 at the end of the last trading period.

B of A Securities downgraded the previous rating for ALLETE Inc ALE from Neutral to Underperform. In the first quarter, ALLETE showed an EPS of $1.02, compared to $1.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.35 and a 52-week-low of $47.81. ALLETE closed at $59.12 at the end of the last trading period.

JP Morgan downgraded the previous rating for Antero Resources Corp AR from Overweight to Neutral. For the first quarter, Antero Resources had an EPS of $0.50, compared to year-ago quarter EPS of $1.15. The stock has a 52-week-high of $45.30 and a 52-week-low of $19.91. At the end of the last trading period, Antero Resources closed at $22.10.

For Olin Corp OLN, UBS downgraded the previous rating of Buy to Neutral. Olin earned $1.16 in the first quarter, compared to $2.48 in the year-ago quarter. The current stock performance of Olin shows a 52-week-high of $64.70 and a 52-week-low of $41.34. Moreover, at the end of the last trading period, the closing price was at $49.19.

According to JMP Securities, the prior rating for Adicet Bio Inc ACET was changed from Market Outperform to Market Perform. 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 $4.18. Moreover, at the end of the last trading period, the closing price was at $4.66.

Keefe, Bruyette & Woods downgraded the previous rating for Stewart Information Services Corp STC from Outperform to Market Perform. Stewart Information Servs earned $0.25 in the first quarter, compared to $2.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.79 and a 52-week-low of $36.01. Stewart Information Servs closed at $41.93 at the end of the last trading period.

Bernstein downgraded the previous rating for Alphabet Inc GOOGL from Outperform to Market Perform. Alphabet earned $1.17 in the first quarter, compared to $1.23 in the year-ago quarter. The current stock performance of Alphabet shows a 52-week-high of $129.04 and a 52-week-low of $83.34. Moreover, at the end of the last trading period, the closing price was at $118.34.

For Alibaba Group Holding Ltd BABA, Bernstein downgraded the previous rating of Outperform to Market Perform. Alibaba Group Holding earned $1.56 in the fourth quarter, compared to $1.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $125.84 and a 52-week-low of $58.02. Alibaba Group Holding closed at $85.47 at the end of the last trading period.

Raymond James downgraded the previous rating for FibroGen Inc FGEN from Outperform to Market Perform. In the first quarter, FibroGen showed an EPS of $0.81, compared to $0.68 from the year-ago quarter. The current stock performance of FibroGen shows a 52-week-high of $25.69 and a 52-week-low of $2.67. Moreover, at the end of the last trading period, the closing price was at $2.71.

See all analyst ratings downgrades.

Initiations

Craig-Hallum initiated coverage on Arhaus Inc ARHS with a Buy rating. The price target for Arhaus is set to $15.00. Arhaus earned $0.25 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.27 and a 52-week-low of $4.25. Arhaus closed at $9.45 at the end of the last trading period.

Lake Street initiated coverage on Alkami Technology Inc ALKT with a Buy rating. The price target for Alkami Technology is set to $21.00. For the first quarter, Alkami Technology had an EPS of $0.04, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $17.71 and a 52-week-low of $10.75. Alkami Technology closed at $15.74 at the end of the last trading period.

With a Buy rating, Alliance Global Partners initiated coverage on Nogin Inc NOGN. The price target seems to have been set at $3.50 for Nogin. For the first quarter, Nogin had an EPS of $2.11, compared to year-ago quarter EPS of $5.02. The current stock performance of Nogin shows a 52-week-high of $230.20 and a 52-week-low of $1.10. Moreover, at the end of the last trading period, the closing price was at $1.40.

With a Hold rating, Jefferies initiated coverage on Rockwell Automation Inc ROK. The price target seems to have been set at $335.00 for Rockwell Automation. Rockwell Automation earned $3.01 in the second quarter, compared to $1.66 in the year-ago quarter. At the moment, the stock has a 52-week-high of $321.94 and a 52-week-low of $192.97. Rockwell Automation closed at $318.04 at the end of the last trading period.

With a Equal-Weight rating, Wells Fargo initiated coverage on Zillow Group Inc Z. The price target seems to have been set at $50.00 for Zillow Gr. Zillow Gr earned $0.35 in the first quarter, compared to $0.49 in the year-ago quarter. The current stock performance of Zillow Gr shows a 52-week-high of $49.67 and a 52-week-low of $26.16. Moreover, at the end of the last trading period, the closing price was at $49.30.

William Blair initiated coverage on Warby Parker Inc WRBY with a Market Perform rating. For the first quarter, Warby Parker had an EPS of $0.06, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $18.97 and a 52-week-low of $9.50. At the end of the last trading period, Warby Parker closed at $11.37.

Janney Montgomery Scott initiated coverage on Citizens & Northern Corp CZNC with a Neutral rating. For the first quarter, Citizens & Northern had an EPS of $0.40, compared to year-ago quarter EPS of $0.44. The current stock performance of Citizens & Northern shows a 52-week-high of $25.77 and a 52-week-low of $16.71. Moreover, at the end of the last trading period, the closing price was at $19.19.

Wolfe Research initiated coverage on Frontier Communications Parent Inc FYBR with an Outperform rating. The price target for Frontier Communications is set to $27.00. For the first quarter, Frontier Communications had an EPS of $0.01, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $30.83 and a 52-week-low of $14.49. At the end of the last trading period, Frontier Communications closed at $16.21.

With a Buy rating, Needham initiated coverage on Gilat Satellite Networks Ltd GILT. The price target seems to have been set at $7.00 for Gilat Satellite Networks. In the first quarter, Gilat Satellite Networks showed an EPS of $0.07, compared to $0.03 from the year-ago quarter. The current stock performance of Gilat Satellite Networks shows a 52-week-high of $7.33 and a 52-week-low of $4.51. Moreover, at the end of the last trading period, the closing price was at $5.74.

Cantor Fitzgerald initiated coverage on AVITA Medical Inc RCEL with an Overweight rating. The price target for AVITA Medical is set to $23.00. AVITA Medical earned $0.37 in the first quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $17.85 and a 52-week-low of $4.44. At the end of the last trading period, AVITA Medical closed at $15.71.

With a Equal-Weight rating, Wells Fargo initiated coverage on Criteo SA CRTO. The price target seems to have been set at $37.00 for Criteo. Criteo earned $0.46 in the first quarter, compared to $0.53 in the year-ago quarter. The current stock performance of Criteo shows a 52-week-high of $36.76 and a 52-week-low of $20.61. Moreover, at the end of the last trading period, the closing price was at $32.80.

Wells Fargo initiated coverage on Playtika Holding Corp PLTK with a Equal-Weight rating. The price target for Playtika Holding is set to $12.00. Playtika Holding earned $0.23 in the first quarter, compared to $0.20 in the year-ago quarter. The current stock performance of Playtika Holding shows a 52-week-high of $15.36 and a 52-week-low of $7.83. Moreover, at the end of the last trading period, the closing price was at $11.79.

With a Equal-Weight rating, Wells Fargo initiated coverage on Nextdoor Holdings Inc KIND. The price target seems to have been set at $3.50 for Nextdoor Holdings. Nextdoor Holdings earned $0.09 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Nextdoor Holdings shows a 52-week-high of $4.03 and a 52-week-low of $1.82. Moreover, at the end of the last trading period, the closing price was at $3.01.

With an Overweight rating, Wells Fargo initiated coverage on DoubleVerify Holdings Inc DV. The price target seems to have been set at $44.00 for DoubleVerify Hldgs. For the first quarter, DoubleVerify Hldgs had an EPS of $0.07, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $38.47 and a 52-week-low of $20.38. DoubleVerify Hldgs closed at $37.39 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on Unity Software Inc U. The price target seems to have been set at $48.00 for Unity Software. In the first quarter, Unity Software showed an EPS of $0.06, compared to $0.08 from the year-ago quarter. The current stock performance of Unity Software shows a 52-week-high of $58.62 and a 52-week-low of $21.23. Moreover, at the end of the last trading period, the closing price was at $36.73.

With a Neutral rating, B. Riley Securities initiated coverage on Montauk Renewables Inc MNTK. The price target seems to have been set at $6.50 for Montauk Renewables. In the first quarter, Montauk Renewables showed an EPS of $0.03, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.78 and a 52-week-low of $5.46. Montauk Renewables closed at $6.96 at the end of the last trading period.

With a Market Outperform rating, JMP Securities initiated coverage on Mondee Holdings Inc MOND. The price target seems to have been set at $13.00 for Mondee Hldgs. In the first quarter, Mondee Hldgs showed an EPS of $0.07, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $16.62 and a 52-week-low of $6.74. At the end of the last trading period, Mondee Hldgs closed at $9.01.

With a Buy rating, Roth MKM initiated coverage on Splash Beverage Group Inc SBEV. The price target seems to have been set at $3.00 for Splash Beverage Group. In the first quarter, Splash Beverage Group showed an EPS of $0.15, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $3.42 and a 52-week-low of $0.75. At the end of the last trading period, Splash Beverage Group closed at $0.97.

Morgan Stanley initiated coverage on GE HealthCare Technologies Inc GEHC with a Equal-Weight rating. The price target for GE HealthCare Techs is set to $76.00. GE HealthCare Techs earned $0.85 in the first quarter, compared to $0.96 in the year-ago quarter. The stock has a 52-week-high of $87.83 and a 52-week-low of $53.00. At the end of the last trading period, GE HealthCare Techs closed at $77.80.

JP Morgan initiated coverage on Cars.com Inc CARS with an Overweight rating. The price target for Cars.com is set to $23.00. In the first quarter, Cars.com showed an EPS of $0.17, compared to $0.06 from the year-ago quarter. The current stock performance of Cars.com shows a 52-week-high of $20.41 and a 52-week-low of $9.07. Moreover, at the end of the last trading period, the closing price was at $18.10.

JP Morgan initiated coverage on CarGurus Inc CARG with an Overweight rating. The price target for CarGurus is set to $29.00. In the first quarter, CarGurus showed an EPS of $0.26, compared to $0.36 from the year-ago quarter. The current stock performance of CarGurus shows a 52-week-high of $26.39 and a 52-week-low of $9.28. Moreover, at the end of the last trading period, the closing price was at $20.62.

Jefferies initiated coverage on Roper Technologies Inc ROP with a Buy rating. The price target for Roper Techs is set to $530.00. In the first quarter, Roper Techs showed an EPS of $3.90, compared to $3.77 from the year-ago quarter. The stock has a 52-week-high of $465.45 and a 52-week-low of $357.25. At the end of the last trading period, Roper Techs closed at $460.20.

With a Buy rating, DA Davidson initiated coverage on Citi Trends Inc CTRN. The price target seems to have been set at $21.00 for Citi Trends. In the first quarter, Citi Trends showed an EPS of $0.66, compared to $0.42 from the year-ago quarter. The current stock performance of Citi Trends shows a 52-week-high of $35.19 and a 52-week-low of $14.21. Moreover, at the end of the last trading period, the closing price was at $17.62.

See all analyst ratings initiations.