Benzinga's Top Ratings Upgrades, Downgrades For July 5, 2023

Upgrades

According to Wedbush, the prior rating for Pegasystems Inc PEGA was changed from Neutral to Outperform. For the first quarter, Pegasystems had an EPS of $0.23, compared to year-ago quarter EPS of $0.59. The current stock performance of Pegasystems shows a 52-week-high of $52.20 and a 52-week-low of $29.16. Moreover, at the end of the last trading period, the closing price was at $48.98.

DA Davidson upgraded the previous rating for Rivian Automotive Inc RIVN from Underperform to Neutral. For the first quarter, Rivian Automotive had an EPS of $1.25, compared to year-ago quarter EPS of $1.43. The stock has a 52-week-high of $40.86 and a 52-week-low of $11.68. At the end of the last trading period, Rivian Automotive closed at $19.56.

For Advanced Micro Devices Inc AMD, Northland Capital Markets upgraded the previous rating of Market Perform to Outperform. In the first quarter, Advanced Micro Devices showed an EPS of $0.60, compared to $1.13 from the year-ago quarter. The stock has a 52-week-high of $132.83 and a 52-week-low of $54.58. At the end of the last trading period, Advanced Micro Devices closed at $115.82.

Barclays upgraded the previous rating for Coherent Corp COHR from Underweight to Equal-Weight. 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 $50.84 at the end of the last trading period.

For Transocean Ltd RIG, Citigroup upgraded the previous rating of Neutral to Buy. For the first quarter, Transocean had an EPS of $0.38, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $7.74 and a 52-week-low of $2.33. At the end of the last trading period, Transocean closed at $6.97.

For Nucor Corp NUE, Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. For the first quarter, Nucor had an EPS of $4.45, compared to year-ago quarter EPS of $7.67. At the moment, the stock has a 52-week-high of $182.68 and a 52-week-low of $100.15. Nucor closed at $165.61 at the end of the last trading period.

According to BMO Capital, the prior rating for Biomarin Pharmaceutical Inc BMRN was changed from Market Perform to Outperform. For the first quarter, Biomarin Pharmaceutical had an EPS of $0.60, compared to year-ago quarter EPS of $0.63. The stock has a 52-week-high of $117.77 and a 52-week-low of $80.58. At the end of the last trading period, Biomarin Pharmaceutical closed at $85.89.

According to Goldman Sachs, the prior rating for Netflix Inc NFLX was changed from Sell to Neutral. Netflix earned $2.88 in the first quarter, compared to $3.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $448.65 and a 52-week-low of $169.78. Netflix closed at $441.44 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Great Ajax Corp AJX, Raymond James downgraded the previous rating of Outperform to Market Perform. For the first quarter, Great Ajax had an EPS of $0.09, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $11.19 and a 52-week-low of $5.15. At the end of the last trading period, Great Ajax closed at $6.95.

For Veritex Holdings Inc VBTX, Hovde Group downgraded the previous rating of Outperform to Market Perform. For the first quarter, Veritex Holdings had an EPS of $0.79, compared to year-ago quarter EPS of $0.66. The current stock performance of Veritex Holdings shows a 52-week-high of $33.92 and a 52-week-low of $14.88. Moreover, at the end of the last trading period, the closing price was at $18.41.

According to Northcoast Research, the prior rating for Ecolab Inc ECL was changed from Buy to Neutral. For the first quarter, Ecolab had an EPS of $0.88, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $187.73 and a 52-week-low of $131.04. At the end of the last trading period, Ecolab closed at $186.58.

According to Oppenheimer, the prior rating for aTyr Pharma Inc LIFE was changed from Outperform to Perform. aTyr Pharma earned $0.29 in the first quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.27 and a 52-week-low of $1.55. aTyr Pharma closed at $2.23 at the end of the last trading period.

For Ryerson Holding Corp RYI, BMO Capital downgraded the previous rating of Outperform to Market Perform. In the first quarter, Ryerson Holding showed an EPS of $1.27, compared to $4.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.70 and a 52-week-low of $18.72. Ryerson Holding closed at $44.08 at the end of the last trading period.

UBS downgraded the previous rating for SPX Technologies Inc SPXC from Buy to Neutral. For the first quarter, SPX Techs had an EPS of $0.93, compared to year-ago quarter EPS of $0.40. At the moment, the stock has a 52-week-high of $85.85 and a 52-week-low of $49.74. SPX Techs closed at $85.15 at the end of the last trading period.

Deutsche Bank downgraded the previous rating for VICI Properties Inc VICI from Buy to Hold. In the first quarter, VICI Props showed an EPS of $0.53, compared to $0.44 from the year-ago quarter. The current stock performance of VICI Props shows a 52-week-high of $35.69 and a 52-week-low of $28.49. Moreover, at the end of the last trading period, the closing price was at $31.83.

RBC Capital downgraded the previous rating for Aclara Resources Inc ARAAF from Outperform to Sector Perform.

According to Deutsche Bank, the prior rating for Gaming and Leisure Properties Inc GLPI was changed from Buy to Hold. Gaming and Leisure Props earned $0.92 in the first quarter, compared to $0.86 in the year-ago quarter. The current stock performance of Gaming and Leisure Props shows a 52-week-high of $55.13 and a 52-week-low of $43.47. Moreover, at the end of the last trading period, the closing price was at $48.98.

For Conagra Brands Inc CAG, Jefferies downgraded the previous rating of Buy to Hold. In the third quarter, Conagra Brands showed an EPS of $0.76, compared to $0.58 from the year-ago quarter. The current stock performance of Conagra Brands shows a 52-week-high of $41.30 and a 52-week-low of $32.32. Moreover, at the end of the last trading period, the closing price was at $34.09.

Barclays downgraded the previous rating for Lumentum Holdings Inc LITE from Equal-Weight to Underweight. For the third quarter, Lumentum Holdings had an EPS of $0.75, compared to year-ago quarter EPS of $1.19. At the moment, the stock has a 52-week-high of $96.45 and a 52-week-low of $42.00. Lumentum Holdings closed at $57.40 at the end of the last trading period.

According to Raymond James, the prior rating for Wabash National Corp WNC was changed from Strong Buy to Market Perform. For the first quarter, Wabash National had an EPS of $1.04, compared to year-ago quarter EPS of $0.24. At the moment, the stock has a 52-week-high of $30.10 and a 52-week-low of $13.00. Wabash National closed at $25.98 at the end of the last trading period.

For Coinbase Global Inc COIN, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the first quarter, Coinbase Glb showed an EPS of $0.34, compared to $1.98 from the year-ago quarter. The stock has a 52-week-high of $116.30 and a 52-week-low of $31.55. At the end of the last trading period, Coinbase Glb closed at $79.93.

According to JP Morgan, the prior rating for Braskem SA BAK was changed from Overweight to Neutral. Braskem earned $0.21 in the first quarter, compared to $1.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.76 and a 52-week-low of $6.26. Braskem closed at $11.53 at the end of the last trading period.

According to Exane BNP Paribas, the prior rating for United States Steel Corp X was changed from Outperform to Neutral. In the first quarter, United States Steel showed an EPS of $0.77, compared to $3.05 from the year-ago quarter. The current stock performance of United States Steel shows a 52-week-high of $31.55 and a 52-week-low of $16.42. Moreover, at the end of the last trading period, the closing price was at $25.20.

For Steel Dynamics Inc STLD, Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. In the first quarter, Steel Dynamics showed an EPS of $4.01, compared to $6.02 from the year-ago quarter. The stock has a 52-week-high of $136.46 and a 52-week-low of $62.44. At the end of the last trading period, Steel Dynamics closed at $110.78.

See all analyst ratings downgrades.

Initiations

TD Securities initiated coverage on Pason Systems Inc PSYTF with a Buy rating. The price target for Pason Sys is set to $16.00.

With an Outperform rating, Raymond James initiated coverage on WAVE Life Sciences Ltd WVE. The price target seems to have been set at $7.00 for WAVE Life Sciences. In the first quarter, WAVE Life Sciences showed an EPS of $0.27, compared to $0.62 from the year-ago quarter. The stock has a 52-week-high of $7.12 and a 52-week-low of $2.32. At the end of the last trading period, WAVE Life Sciences closed at $3.56.

With a Buy rating, Seaport Global initiated coverage on Materion Corp MTRN. The price target seems to have been set at $135.00 for Materion. For the first quarter, Materion had an EPS of $1.34, compared to year-ago quarter EPS of $1.08. At the moment, the stock has a 52-week-high of $121.29 and a 52-week-low of $65.19. Materion closed at $115.04 at the end of the last trading period.

With a Buy rating, B of A Securities initiated coverage on Rollins Inc ROL. The price target seems to have been set at $49.00 for Rollins. For the first quarter, Rollins had an EPS of $0.18, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $43.04 and a 52-week-low of $33.38. Rollins closed at $42.32 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on Hertz Global Holdings Inc HTZ. The price target seems to have been set at $24.00 for Hertz Global Holdings. Hertz Global Holdings earned $0.39 in the first quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $22.45 and a 52-week-low of $14.49. Hertz Global Holdings closed at $18.45 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on Trinity Capital Inc TRIN. The price target seems to have been set at $15.00 for Trinity Cap. For the first quarter, Trinity Cap had an EPS of $0.52, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $16.43 and a 52-week-low of $10.24. Trinity Cap closed at $13.75 at the end of the last trading period.

Morgan Stanley initiated coverage on Full Truck Alliance Co Ltd YMM with an Overweight rating. The price target for Full Truck Alliance Co is set to $9.00. In the first quarter, Full Truck Alliance Co showed an EPS of $0.07, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $10.18 and a 52-week-low of $4.59. At the end of the last trading period, Full Truck Alliance Co closed at $6.48.

With a Buy rating, Citigroup initiated coverage on Valaris Ltd VAL. The price target seems to have been set at $85.00 for Valaris. Valaris earned $0.61 in the first quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $80.00 and a 52-week-low of $37.23. At the end of the last trading period, Valaris closed at $63.11.

With a Neutral rating, Citigroup initiated coverage on Seadrill Ltd SDRL. The price target seems to have been set at $48.10 for Seadrill. The stock has a 52-week-high of $45.48 and a 52-week-low of $24.51. At the end of the last trading period, Seadrill closed at $41.04.

Citigroup initiated coverage on NET Power Inc NPWR with a Neutral rating. The price target for NET Power is set to $15.00. The current stock performance of NET Power shows a 52-week-high of $17.19 and a 52-week-low of $11.26. Moreover, at the end of the last trading period, the closing price was at $12.98.

Jefferies initiated coverage on Gladstone Capital Corp GLAD with a Buy rating. The price target for Gladstone Cap is set to $11.00. For the second quarter, Gladstone Cap had an EPS of $0.26, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $11.10 and a 52-week-low of $8.21. Gladstone Cap closed at $9.91 at the end of the last trading period.

Chardan Capital initiated coverage on 4D Molecular Therapeutics Inc FDMT with a Buy rating. The price target for 4D Molecular Therapeutics is set to $30.00. For the first quarter, 4D Molecular Therapeutics had an EPS of $0.88, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of $26.49 and a 52-week-low of $6.66. 4D Molecular Therapeutics closed at $17.86 at the end of the last trading period.

See all analyst ratings initiations.