Benzinga's Top Ratings Upgrades, Downgrades For June 28, 2023

Upgrades

For American States Water Co AWR, UBS upgraded the previous rating of Sell to Neutral. In the first quarter, American States Water showed an EPS of $0.57, compared to $0.38 from the year-ago quarter. The current stock performance of American States Water shows a 52-week-high of $100.42 and a 52-week-low of $77.97. Moreover, at the end of the last trading period, the closing price was at $86.14.

According to HC Wainwright & Co., the prior rating for Black Diamond Therapeutics Inc BDTX was changed from Neutral to Buy. For the first quarter, Black Diamond Therapeutic had an EPS of $0.57, compared to year-ago quarter EPS of $0.70. The current stock performance of Black Diamond Therapeutic shows a 52-week-high of $6.85 and a 52-week-low of $1.18. Moreover, at the end of the last trading period, the closing price was at $6.18.

Janney Montgomery Scott upgraded the previous rating for NNN REIT Inc NNN from Neutral to Buy. For the first quarter, NNN REIT had an EPS of $0.80, compared to year-ago quarter EPS of $0.77. The stock has a 52-week-high of $48.41 and a 52-week-low of $38.12. At the end of the last trading period, NNN REIT closed at $42.14.

Truist Securities upgraded the previous rating for Louisiana-Pacific Corp LPX from Hold to Buy. In the first quarter, Louisiana-Pacific showed an EPS of $0.34, compared to $5.08 from the year-ago quarter. The stock has a 52-week-high of $73.03 and a 52-week-low of $48.20. At the end of the last trading period, Louisiana-Pacific closed at $70.82.

Truist Securities upgraded the previous rating for Boise Cascade Co BCC from Hold to Buy. Boise Cascade earned $2.43 in the first quarter, compared to $7.61 in the year-ago quarter. The stock has a 52-week-high of $84.47 and a 52-week-low of $55.14. At the end of the last trading period, Boise Cascade closed at $83.60.

For Beazer Homes USA Inc BZH, Wedbush upgraded the previous rating of Neutral to Outperform. For the second quarter, Beazer Homes USA had an EPS of $1.13, compared to year-ago quarter EPS of $1.45. The stock has a 52-week-high of $24.89 and a 52-week-low of $9.48. At the end of the last trading period, Beazer Homes USA closed at $24.64.

Hovde Group upgraded the previous rating for Community Bank System Inc CBU from Market Perform to Outperform. Community Bank System earned $0.86 in the first quarter, compared to $0.87 in the year-ago quarter. The stock has a 52-week-high of $72.74 and a 52-week-low of $44.26. At the end of the last trading period, Community Bank System closed at $47.70.

According to Wells Fargo, the prior rating for California Water Service Group CWT was changed from Underweight to Equal-Weight. In the first quarter, California Water Servs Gr showed an EPS of $0.40, compared to $0.02 from the year-ago quarter. The current stock performance of California Water Servs Gr shows a 52-week-high of $66.12 and a 52-week-low of $49.63. Moreover, at the end of the last trading period, the closing price was at $51.04.

According to Wells Fargo, the prior rating for Pinterest Inc PINS was changed from Equal-Weight to Overweight. In the first quarter, Pinterest showed an EPS of $0.08, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $29.27 and a 52-week-low of $16.78. At the end of the last trading period, Pinterest closed at $26.40.

B of A Securities upgraded the previous rating for XPO Inc XPO from Neutral to Buy. XPO earned $0.56 in the first quarter, compared to $1.25 in the year-ago quarter. The stock has a 52-week-high of $56.63 and a 52-week-low of $24.76. At the end of the last trading period, XPO closed at $56.49.

For Old Dominion Freight Line Inc ODFL, B of A Securities upgraded the previous rating of Neutral to Buy. Old Dominion Freight Line earned $2.58 in the first quarter, compared to $2.60 in the year-ago quarter. The current stock performance of Old Dominion Freight Line shows a 52-week-high of $381.81 and a 52-week-low of $240.32. Moreover, at the end of the last trading period, the closing price was at $359.27.

B of A Securities upgraded the previous rating for Saia Inc SAIA from Neutral to Buy. 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 $345.87 and a 52-week-low of $175.68. At the end of the last trading period, Saia closed at $342.95.

Keybanc upgraded the previous rating for Lincoln Electric Holdings Inc LECO from Sector Weight to Overweight. Lincoln Electric Holdings earned $2.13 in the first quarter, compared to $2.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $197.26 and a 52-week-low of $118.18. Lincoln Electric Holdings closed at $194.09 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Benchmark, the prior rating for Amedisys Inc AMED was changed from Buy to Hold. Amedisys earned $1.00 in the first quarter, compared to $1.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $131.28 and a 52-week-low of $69.36. Amedisys closed at $91.59 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Walgreens Boots Alliance Inc WBA was changed from Buy to Hold. In the third quarter, Walgreens Boots Alliance showed an EPS of $1.00, compared to $0.96 from the year-ago quarter. The stock has a 52-week-high of $42.73 and a 52-week-low of $28.14. At the end of the last trading period, Walgreens Boots Alliance closed at $28.64.

Canaccord Genuity downgraded the previous rating for Regeneron Pharmaceuticals Inc REGN from Buy to Hold. Regeneron Pharmaceuticals earned $10.09 in the first quarter, compared to $11.49 in the year-ago quarter. The current stock performance of Regeneron Pharmaceuticals shows a 52-week-high of $837.55 and a 52-week-low of $564.23. Moreover, at the end of the last trading period, the closing price was at $716.09.

Morgan Stanley downgraded the previous rating for Veeva Systems Inc VEEV from Equal-Weight to Underweight. In the first quarter, Veeva Sys showed an EPS of $0.91, compared to $0.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $232.26 and a 52-week-low of $151.06. Veeva Sys closed at $201.69 at the end of the last trading period.

For Uber Technologies Inc UBER, Daiwa Capital downgraded the previous rating of Buy to Outperform. Uber Technologies earned $0.08 in the first quarter, compared to $0.18 in the year-ago quarter. The current stock performance of Uber Technologies shows a 52-week-high of $45.04 and a 52-week-low of $19.90. Moreover, at the end of the last trading period, the closing price was at $43.83.

Morgan Stanley downgraded the previous rating for Advanced Drainage Systems Inc WMS from Overweight to Equal-Weight. In the fourth quarter, Advanced Drainage Systems showed an EPS of $1.06, compared to $0.54 from the year-ago quarter. At the moment, the stock has a 52-week-high of $153.29 and a 52-week-low of $75.02. Advanced Drainage Systems closed at $115.49 at the end of the last trading period.

B. Riley Securities downgraded the previous rating for Coherent Corp COHR from Buy to Neutral. 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 $48.13 at the end of the last trading period.

For American Equity Investment Life Holding Co AEL, Raymond James downgraded the previous rating of Strong Buy to Market Perform. For the first quarter, American Equity Inv had an EPS of $1.47, compared to year-ago quarter EPS of $0.92. At the moment, the stock has a 52-week-high of $53.68 and a 52-week-low of $28.09. American Equity Inv closed at $52.86 at the end of the last trading period.

Citigroup downgraded the previous rating for Delek Logistics Partners LP DKL from Neutral to Sell. In the first quarter, Delek Logistics Partners showed an EPS of $0.86, compared to $0.91 from the year-ago quarter. The stock has a 52-week-high of $64.08 and a 52-week-low of $41.80. At the end of the last trading period, Delek Logistics Partners closed at $55.97.

For American States Water Co AWR, Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. In the first quarter, American States Water showed an EPS of $0.57, compared to $0.38 from the year-ago quarter. The current stock performance of American States Water shows a 52-week-high of $100.42 and a 52-week-low of $77.97. Moreover, at the end of the last trading period, the closing price was at $86.14.

For Vale SA VALE, Exane BNP Paribas downgraded the previous rating of Neutral to Underperform. For the first quarter, Vale had an EPS of $0.41, compared to year-ago quarter EPS of $0.93. The stock has a 52-week-high of $19.31 and a 52-week-low of $11.72. At the end of the last trading period, Vale closed at $13.91.

B of A Securities downgraded the previous rating for Melco Resorts and Entertainment Ltd MLCO from Buy to Neutral. For the first quarter, Melco Resorts and Enter had an EPS of $0.14, compared to year-ago quarter EPS of $0.37. The stock has a 52-week-high of $14.46 and a 52-week-low of $4.70. At the end of the last trading period, Melco Resorts and Enter closed at $12.67.

See all analyst ratings downgrades.

Initiations

With a Neutral rating, B. Riley Securities initiated coverage on Yext Inc YEXT. The price target seems to have been set at $11.00 for Yext. Yext earned $0.08 in the first quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.35 and a 52-week-low of $4.00. Yext closed at $10.63 at the end of the last trading period.

Capital One initiated coverage on Helmerich & Payne Inc HP with a Equal-Weight rating. The price target for Helmerich & Payne is set to $40.00. For the second quarter, Helmerich & Payne had an EPS of $1.26, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $54.42 and a 52-week-low of $30.41. Helmerich & Payne closed at $34.30 at the end of the last trading period.

With a Equal-Weight rating, Capital One initiated coverage on Patterson-UTI Energy Inc PTEN. The price target seems to have been set at $14.00 for Patterson-UTI Energy. Patterson-UTI Energy earned $0.46 in the first quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.81 and a 52-week-low of $9.70. Patterson-UTI Energy closed at $11.84 at the end of the last trading period.

With an Outperform rating, Macquarie initiated coverage on Gambling.com Group Ltd GAMB. The price target seems to have been set at $13.00 for Gambling.com Gr. For the first quarter, Gambling.com Gr had an EPS of $0.20, compared to year-ago quarter EPS of $0.12. The stock has a 52-week-high of $11.49 and a 52-week-low of $6.62. At the end of the last trading period, Gambling.com Gr closed at $9.88.

Northcoast Research initiated coverage on AutoZone Inc AZO with a Neutral rating. AutoZone earned $34.12 in the third quarter, compared to $29.03 in the year-ago quarter. The current stock performance of AutoZone shows a 52-week-high of $2750.00 and a 52-week-low of $2055.66. Moreover, at the end of the last trading period, the closing price was at $2439.88.

For Advance Auto Parts Inc AAP, Northcoast Research initiated coverage, by setting the current rating at Neutral. In the first quarter, Advance Auto Parts showed an EPS of $0.72, compared to $2.26 from the year-ago quarter. The stock has a 52-week-high of $212.15 and a 52-week-low of $63.56. At the end of the last trading period, Advance Auto Parts closed at $68.32.

With a Buy rating, Northcoast Research initiated coverage on Genuine Parts Co GPC. The price target seems to have been set at $195.00 for Genuine Parts. In the first quarter, Genuine Parts showed an EPS of $2.14, compared to $1.86 from the year-ago quarter. The current stock performance of Genuine Parts shows a 52-week-high of $187.61 and a 52-week-low of $131.35. Moreover, at the end of the last trading period, the closing price was at $164.95.

With a Buy rating, Janney Montgomery Scott initiated coverage on Array Technologies Inc ARRY. The price target seems to have been set at $37.00 for Array Technologies. For the first quarter, Array Technologies had an EPS of $0.25, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $24.99 and a 52-week-low of $9.24. Array Technologies closed at $20.42 at the end of the last trading period.

With an Overweight rating, Cantor Fitzgerald initiated coverage on SoundThinking Inc SSTI. The price target seems to have been set at $30.00 for SoundThinking. SoundThinking earned $0.15 in the first quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $39.46 and a 52-week-low of $21.04. At the end of the last trading period, SoundThinking closed at $21.67.

With a Buy rating, Needham initiated coverage on ZoomInfo Technologies Inc ZI. The price target seems to have been set at $35.00 for ZoomInfo Technologies. In the first quarter, ZoomInfo Technologies showed an EPS of $0.24, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.85 and a 52-week-low of $20.33. ZoomInfo Technologies closed at $24.14 at the end of the last trading period.

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. For the first quarter, GE HealthCare Techs had an EPS of $0.85, compared to year-ago quarter EPS of $0.96. 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 $77.07.

With a Buy rating, Craig-Hallum initiated coverage on Viad Corp VVI. The price target seems to have been set at $40.00 for Viad. For the first quarter, Viad had an EPS of $1.15, compared to year-ago quarter EPS of $1.42. The current stock performance of Viad shows a 52-week-high of $43.96 and a 52-week-low of $17.09. Moreover, at the end of the last trading period, the closing price was at $24.27.

William Blair initiated coverage on Paycom Software Inc PAYC with an Outperform rating. For the first quarter, Paycom Software had an EPS of $2.46, compared to year-ago quarter EPS of $1.90. At the moment, the stock has a 52-week-high of $402.58 and a 52-week-low of $262.12. Paycom Software closed at $313.97 at the end of the last trading period.

Canaccord Genuity initiated coverage on Deere & Co DE with a Buy rating. The price target for Deere is set to $530.00. In the second quarter, Deere showed an EPS of $9.65, compared to $6.81 from the year-ago quarter. The stock has a 52-week-high of $448.30 and a 52-week-low of $283.91. At the end of the last trading period, Deere closed at $409.51.

Canaccord Genuity initiated coverage on Corteva Inc CTVA with a Buy rating. The price target for Corteva is set to $75.00. Corteva earned $1.16 in the first quarter, compared to $0.97 in the year-ago quarter. The current stock performance of Corteva shows a 52-week-high of $68.42 and a 52-week-low of $50.03. Moreover, at the end of the last trading period, the closing price was at $57.33.

With a Buy rating, B. Riley Securities initiated coverage on Wix.com Ltd WIX. The price target seems to have been set at $120.00 for Wix.com. For the first quarter, Wix.com had an EPS of $0.91, compared to year-ago quarter EPS of $0.72. The current stock performance of Wix.com shows a 52-week-high of $101.55 and a 52-week-low of $56.17. Moreover, at the end of the last trading period, the closing price was at $75.41.

B. Riley Securities initiated coverage on Squarespace Inc SQSP with a Buy rating. The price target for Squarespace is set to $40.00. Squarespace earned $0.00 in the first quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $34.38 and a 52-week-low of $16.93. At the end of the last trading period, Squarespace closed at $27.75.

With a Buy rating, B. Riley Securities initiated coverage on GoDaddy Inc GDDY. The price target seems to have been set at $102.00 for GoDaddy. GoDaddy earned $0.30 in the first quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $85.32 and a 52-week-low of $64.69. At the end of the last trading period, GoDaddy closed at $71.25.

With a Neutral rating, Mizuho initiated coverage on Paycor HCM Inc PYCR. The price target seems to have been set at $24.00 for Paycor HCM. For the third quarter, Paycor HCM had an EPS of $0.18, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $34.75 and a 52-week-low of $20.50. Paycor HCM closed at $23.15 at the end of the last trading period.

With an Overweight rating, Atlantic Equities initiated coverage on First Citizens BancShares Inc FCNCA. The price target seems to have been set at $1775.00 for First Citizens BancShares. First Citizens BancShares earned $20.09 in the first quarter, compared to $18.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1345.43 and a 52-week-low of $505.84. First Citizens BancShares closed at $1183.76 at the end of the last trading period.

Mizuho initiated coverage on Rexford Industrial Realty Inc REXR with a Neutral rating. The price target for Rexford Industrial Realty is set to $52.00. In the first quarter, Rexford Industrial Realty showed an EPS of $0.52, compared to $0.48 from the year-ago quarter. The stock has a 52-week-high of $68.68 and a 52-week-low of $48.80. At the end of the last trading period, Rexford Industrial Realty closed at $51.87.

Morgan Stanley initiated coverage on Stagwell Inc STGW with a Equal-Weight rating. The price target for Stagwell is set to $9.00. Stagwell earned $0.13 in the first quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Stagwell shows a 52-week-high of $9.23 and a 52-week-low of $4.80. Moreover, at the end of the last trading period, the closing price was at $7.53.

Barclays initiated coverage on Cboe Global Markets Inc CBOE with a Equal-Weight rating. The price target for Cboe Global Markets is set to $146.00. In the first quarter, Cboe Global Markets showed an EPS of $1.90, compared to $1.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $140.82 and a 52-week-low of $111.95. Cboe Global Markets closed at $134.09 at the end of the last trading period.

Barclays initiated coverage on CME Group Inc CME with an Overweight rating. The price target for CME Gr is set to $215.00. CME Gr earned $2.42 in the first quarter, compared to $2.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $212.09 and a 52-week-low of $166.54. CME Gr closed at $178.95 at the end of the last trading period.

Barclays initiated coverage on Intercontinental Exchange Inc ICE with a Equal-Weight rating. The price target for Intercontinental Exchange is set to $123.00. For the first quarter, Intercontinental Exchange had an EPS of $1.41, compared to year-ago quarter EPS of $1.43. The current stock performance of Intercontinental Exchange shows a 52-week-high of $113.15 and a 52-week-low of $88.60. Moreover, at the end of the last trading period, the closing price was at $110.87.

With an Overweight rating, Barclays initiated coverage on MarketAxess Holdings Inc MKTX. The price target seems to have been set at $310.00 for MarketAxess Holdings. In the first quarter, MarketAxess Holdings showed an EPS of $1.96, compared to $1.73 from the year-ago quarter. The stock has a 52-week-high of $399.78 and a 52-week-low of $217.97. At the end of the last trading period, MarketAxess Holdings closed at $259.37.

With an Overweight rating, Barclays initiated coverage on Tradeweb Markets Inc TW. The price target seems to have been set at $89.00 for Tradeweb Markets. In the first quarter, Tradeweb Markets showed an EPS of $0.54, compared to $0.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.98 and a 52-week-low of $51.47. Tradeweb Markets closed at $68.77 at the end of the last trading period.

Oppenheimer initiated coverage on Extreme Networks Inc EXTR with an Outperform rating. The price target for Extreme Networks is set to $35.00. For the third quarter, Extreme Networks had an EPS of $0.29, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $25.13 and a 52-week-low of $8.58. Extreme Networks closed at $22.81 at the end of the last trading period.

Stifel initiated coverage on Hammerhead Energy Inc HHRS with a Buy rating. The price target for Hammerhead Energy is set to $17.00. The stock has a 52-week-high of $39.30 and a 52-week-low of $6.00. At the end of the last trading period, Hammerhead Energy closed at $7.14.

RBC Capital initiated coverage on Workday Inc WDAY with an Outperform rating. The price target for Workday is set to $275.00. In the first quarter, Workday showed an EPS of $1.31, compared to $0.83 from the year-ago quarter. The stock has a 52-week-high of $226.06 and a 52-week-low of $128.73. At the end of the last trading period, Workday closed at $224.22.

With a Hold rating, Deutsche Bank initiated coverage on Western Alliance Bancorp WAL. The price target seems to have been set at $41.00 for Western Alliance. Western Alliance earned $2.30 in the first quarter, compared to $2.22 in the year-ago quarter. The stock has a 52-week-high of $86.87 and a 52-week-low of $7.46. At the end of the last trading period, Western Alliance closed at $36.74.

Citigroup initiated coverage on Donaldson Co Inc DCI with a Neutral rating. The price target for Donaldson is set to $66.00. For the third quarter, Donaldson had an EPS of $0.76, compared to year-ago quarter EPS of $0.67. At the moment, the stock has a 52-week-high of $66.96 and a 52-week-low of $47.02. Donaldson closed at $62.17 at the end of the last trading period.

With an Outperform rating, National Bank Financial Inc initiated coverage on Coeur Mining Inc CDE. The price target seems to have been set at $4.25 for Coeur Mining. In the first quarter, Coeur Mining showed an EPS of $0.11, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $4.55 and a 52-week-low of $2.54. At the end of the last trading period, Coeur Mining closed at $2.79.

National Bank Financial Inc initiated coverage on Hecla Mining Co HL with an Outperform rating. The price target for Hecla Mining is set to $7.50. Hecla Mining earned $0.01 in the first quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.00 and a 52-week-low of $3.42. Hecla Mining closed at $5.01 at the end of the last trading period.

See all analyst ratings initiations.