Benzinga's Top Ratings Upgrades, Downgrades For July 6, 2023

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Upgrades

According to RBC Capital, the prior rating for Repligen Corp RGEN was changed from Sector Perform to Outperform. In the first quarter, Repligen showed an EPS of $0.64, compared to $0.92 from the year-ago quarter. The current stock performance of Repligen shows a 52-week-high of $262.26 and a 52-week-low of $135.37. Moreover, at the end of the last trading period, the closing price was at $138.78.

According to B of A Securities, the prior rating for Gentex Corp GNTX was changed from Underperform to Neutral. Gentex earned $0.42 in the first quarter, compared to $0.37 in the year-ago quarter. The current stock performance of Gentex shows a 52-week-high of $30.41 and a 52-week-low of $23.30. Moreover, at the end of the last trading period, the closing price was at $29.48.

According to Morgan Stanley, the prior rating for Keurig Dr Pepper Inc KDP was changed from Equal-Weight to Overweight. Keurig Dr Pepper earned $0.34 in the first quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of $41.25 and a 52-week-low of $30.47. At the end of the last trading period, Keurig Dr Pepper closed at $31.75.

According to Raymond James, the prior rating for First Horizon Corp FHN was changed from Market Perform to Outperform. First Horizon earned $0.45 in the first quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $24.90 and a 52-week-low of $8.99. At the end of the last trading period, First Horizon closed at $11.69.

According to Raymond James, the prior rating for Associated Banc-Corp ASB was changed from Market Perform to Outperform. Associated Banc earned $0.66 in the first quarter, compared to $0.47 in the year-ago quarter. The stock has a 52-week-high of $25.48 and a 52-week-low of $14.47. At the end of the last trading period, Associated Banc closed at $16.42.

According to Raymond James, the prior rating for Truist Financial Corp TFC was changed from Market Perform to Outperform. In the first quarter, Truist Finl showed an EPS of $1.09, compared to $1.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $53.34 and a 52-week-low of $25.56. Truist Finl closed at $30.99 at the end of the last trading period.

According to B of A Securities, the prior rating for Magna International Inc MGA was changed from Neutral to Buy. Magna International earned $1.11 in the first quarter, compared to $1.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.92 and a 52-week-low of $45.60. Magna International closed at $56.48 at the end of the last trading period.

B of A Securities upgraded the previous rating for BorgWarner Inc BWA from Neutral to Buy. For the first quarter, BorgWarner had an EPS of $1.09, compared to year-ago quarter EPS of $1.05. The current stock performance of BorgWarner shows a 52-week-high of $51.14 and a 52-week-low of $31.16. Moreover, at the end of the last trading period, the closing price was at $43.18.

According to B of A Securities, the prior rating for Aptiv PLC APTV was changed from Neutral to Buy. For the first quarter, Aptiv had an EPS of $0.91, compared to year-ago quarter EPS of $0.63. The current stock performance of Aptiv shows a 52-week-high of $124.88 and a 52-week-low of $78.03. Moreover, at the end of the last trading period, the closing price was at $103.47.

According to B of A Securities, the prior rating for Sweetgreen Inc SG was changed from Neutral to Buy. In the first quarter, Sweetgreen showed an EPS of $0.30, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.65 and a 52-week-low of $6.10. Sweetgreen closed at $13.04 at the end of the last trading period.

For Teva Pharmaceutical Industries Ltd TEVA, UBS upgraded the previous rating of Sell to Neutral. In the first quarter, Teva Pharmaceutical Indus showed an EPS of $0.40, compared to $0.55 from the year-ago quarter. The stock has a 52-week-high of $11.45 and a 52-week-low of $6.78. At the end of the last trading period, Teva Pharmaceutical Indus closed at $7.49.

Piper Sandler upgraded the previous rating for The Hanover Insurance Group Inc THG from Neutral to Overweight. For the first quarter, Hanover Insurance Gr had an EPS of $0.13, compared to year-ago quarter EPS of $3.26. The current stock performance of Hanover Insurance Gr shows a 52-week-high of $149.42 and a 52-week-low of $109.13. Moreover, at the end of the last trading period, the closing price was at $110.76.

According to BMO Capital, the prior rating for Neurocrine Biosciences Inc NBIX was changed from Underperform to Market Perform. In the first quarter, Neurocrine Biosciences showed an EPS of $0.51, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $129.00 and a 52-week-low of $89.04. At the end of the last trading period, Neurocrine Biosciences closed at $94.54.

UBS upgraded the previous rating for Canadian Solar Inc CSIQ from Neutral to Buy. Canadian Solar earned $1.19 in the first quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Canadian Solar shows a 52-week-high of $47.69 and a 52-week-low of $26.89. Moreover, at the end of the last trading period, the closing price was at $37.58.

For Simon Property Group Inc SPG, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. Simon Property Group earned $2.74 in the first quarter, compared to $2.78 in the year-ago quarter. The stock has a 52-week-high of $133.08 and a 52-week-low of $86.05. At the end of the last trading period, Simon Property Group closed at $118.21.

See all analyst ratings upgrades.

Downgrades

According to Argus Research, the prior rating for Veradigm Inc MDRX was changed from Buy to Hold. For the third quarter, Veradigm had an EPS of $0.23, compared to year-ago quarter EPS of $0.27. The stock has a 52-week-high of $19.77 and a 52-week-low of $11.30. At the end of the last trading period, Veradigm closed at $12.70.

According to Raymond James, the prior rating for Great Ajax Corp AJX was changed from 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 $6.85.

According to Raymond James, the prior rating for Horizon Bancorp (IN) HBNC was changed from Outperform to Market Perform. For the first quarter, Horizon Bancorp had an EPS of $0.43, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $20.62 and a 52-week-low of $7.69. Horizon Bancorp closed at $10.57 at the end of the last trading period.

Janney Montgomery Scott downgraded the previous rating for Consolidated Water Co Ltd CWCO from Buy to Neutral. Consolidated Water Co earned $0.26 in the first quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Consolidated Water Co shows a 52-week-high of $25.00 and a 52-week-low of $13.39. Moreover, at the end of the last trading period, the closing price was at $24.36.

For MGIC Investment Corp MTG, RBC Capital downgraded the previous rating of Outperform to Sector Perform. MGIC Investment earned $0.54 in the first quarter, compared to $0.60 in the year-ago quarter. The current stock performance of MGIC Investment shows a 52-week-high of $16.07 and a 52-week-low of $12.14. Moreover, at the end of the last trading period, the closing price was at $15.70.

According to Jefferies, 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 $91.28 at the end of the last trading period.

According to JP Morgan, the prior rating for Summit Materials Inc SUM was changed from Neutral to Underweight. In the first quarter, Summit Materials showed an EPS of $0.26, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $38.00 and a 52-week-low of $21.62. At the end of the last trading period, Summit Materials closed at $36.52.

JP Morgan downgraded the previous rating for Eagle Materials Inc EXP from Neutral to Underweight. Eagle Materials earned $2.79 in the fourth quarter, compared to $1.90 in the year-ago quarter. The current stock performance of Eagle Materials shows a 52-week-high of $186.96 and a 52-week-low of $102.05. Moreover, at the end of the last trading period, the closing price was at $184.03.

JP Morgan downgraded the previous rating for Vulcan Materials Co VMC from Overweight to Neutral. Vulcan Materials earned $0.95 in the first quarter, compared to $0.73 in the year-ago quarter. The current stock performance of Vulcan Materials shows a 52-week-high of $225.93 and a 52-week-low of $137.59. Moreover, at the end of the last trading period, the closing price was at $220.63.

JP Morgan downgraded the previous rating for Martin Marietta Materials Inc MLM from Overweight to Neutral. Martin Marietta Materials earned $2.16 in the first quarter, compared to $0.39 in the year-ago quarter. The current stock performance of Martin Marietta Materials shows a 52-week-high of $462.70 and a 52-week-low of $285.18. Moreover, at the end of the last trading period, the closing price was at $449.40.

For American Express Co AXP, Baird downgraded the previous rating of Outperform to Neutral. For the first quarter, American Express had an EPS of $2.40, compared to year-ago quarter EPS of $2.73. At the moment, the stock has a 52-week-high of $182.15 and a 52-week-low of $130.82. American Express closed at $174.97 at the end of the last trading period.

Piper Sandler downgraded the previous rating for Affirm Holdings Inc AFRM from Neutral to Underweight. Affirm Holdings earned $0.69 in the third quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Affirm Holdings shows a 52-week-high of $40.97 and a 52-week-low of $8.62. Moreover, at the end of the last trading period, the closing price was at $15.42.

RBC Capital downgraded the previous rating for American Equity Investment Life Holding Co AEL from Outperform to Sector Perform. In the first quarter, American Equity Inv showed an EPS of $1.47, compared to $0.92 from the year-ago quarter. 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 $52.77 at the end of the last trading period.

For Phillips Edison & Co Inc PECO, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. Phillips Edison earned $0.14 in the first quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $35.40 and a 52-week-low of $27.08. Phillips Edison closed at $34.05 at the end of the last trading period.

According to Wolfe Research, the prior rating for Netstreit Corp NTST was changed from Outperform to Peer Perform. For the first quarter, Netstreit had an EPS of $0.30, compared to year-ago quarter EPS of $0.29. The stock has a 52-week-high of $21.48 and a 52-week-low of $17.07. At the end of the last trading period, Netstreit closed at $17.95.

Piper Sandler downgraded the previous rating for HubSpot Inc HUBS from Overweight to Neutral. For the first quarter, HubSpot had an EPS of $1.20, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $535.90 and a 52-week-low of $245.85. At the end of the last trading period, HubSpot closed at $520.86.

See all analyst ratings downgrades.

Initiations

With a Hold rating, Craig-Hallum initiated coverage on BlackSky Technology Inc BKSY. The price target seems to have been set at $2.50 for BlackSky Technology. For the first quarter, BlackSky Technology had an EPS of $0.14, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $2.97 and a 52-week-low of $1.12. At the end of the last trading period, BlackSky Technology closed at $2.15.

With a Buy rating, Citigroup initiated coverage on Plug Power Inc PLUG. The price target seems to have been set at $13.00 for Plug Power. Plug Power earned $0.35 in the first quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $31.50 and a 52-week-low of $7.39. Plug Power closed at $10.64 at the end of the last trading period.

Evercore ISI Group initiated coverage on CARISMA Therapeutics Inc CARM with an Outperform rating. The price target for CARISMA Therapeutics is set to $12.00. CARISMA Therapeutics earned $1.93 in the first quarter, compared to $5.49 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.60 and a 52-week-low of $2.75. CARISMA Therapeutics closed at $8.89 at the end of the last trading period.

With an Outperform rating, TD Cowen initiated coverage on Reata Pharmaceuticals Inc RETA. The price target seems to have been set at $140.00 for Reata Pharmaceuticals. Reata Pharmaceuticals earned $1.81 in the first quarter, compared to $1.33 in the year-ago quarter. The stock has a 52-week-high of $106.69 and a 52-week-low of $18.47. At the end of the last trading period, Reata Pharmaceuticals closed at $103.90.

With a Neutral rating, UBS initiated coverage on Rapid7 Inc RPD. The price target seems to have been set at $50.00 for Rapid7. In the first quarter, Rapid7 showed an EPS of $0.16, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $74.75 and a 52-week-low of $26.49. Rapid7 closed at $44.42 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on Qualys Inc QLYS. The price target seems to have been set at $135.00 for Qualys. Qualys earned $1.09 in the first quarter, compared to $0.89 in the year-ago quarter. The current stock performance of Qualys shows a 52-week-high of $162.36 and a 52-week-low of $101.10. Moreover, at the end of the last trading period, the closing price was at $127.19.

With a Buy rating, UBS initiated coverage on Tenable Holdings Inc TENB. The price target seems to have been set at $52.00 for Tenable Holdings. Tenable Holdings earned $0.11 in the first quarter, compared to $0.06 in the year-ago quarter. The current stock performance of Tenable Holdings shows a 52-week-high of $52.50 and a 52-week-low of $28.80. Moreover, at the end of the last trading period, the closing price was at $42.85.

Citigroup initiated coverage on TransDigm Group Inc TDG with a Buy rating. The price target for TransDigm Gr is set to $1042.00. In the second quarter, TransDigm Gr showed an EPS of $5.98, compared to $3.86 from the year-ago quarter. The current stock performance of TransDigm Gr shows a 52-week-high of $899.56 and a 52-week-low of $499.99. Moreover, at the end of the last trading period, the closing price was at $886.58.

Citigroup initiated coverage on Textron Inc TXT with a Buy rating. The price target for Textron is set to $90.00. In the first quarter, Textron showed an EPS of $1.05, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $76.11 and a 52-week-low of $58.00. At the end of the last trading period, Textron closed at $67.15.

Citigroup initiated coverage on Ducommun Inc DCO with a Buy rating. The price target for Ducommun is set to $65.00. Ducommun earned $0.63 in the first quarter, compared to $0.67 in the year-ago quarter. The current stock performance of Ducommun shows a 52-week-high of $58.28 and a 52-week-low of $39.46. Moreover, at the end of the last trading period, the closing price was at $43.40.

Goldman Sachs initiated coverage on Sprout Social Inc SPT with a Buy rating. The price target for Sprout Social is set to $61.00. For the first quarter, Sprout Social had an EPS of $0.06, compared to year-ago quarter EPS of $0.03. The current stock performance of Sprout Social shows a 52-week-high of $74.07 and a 52-week-low of $37.00. Moreover, at the end of the last trading period, the closing price was at $46.65.

With a Buy rating, Goldman Sachs initiated coverage on Model N Inc MODN. The price target seems to have been set at $45.00 for Model N. Model N earned $0.22 in the second quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Model N shows a 52-week-high of $43.18 and a 52-week-low of $24.30. Moreover, at the end of the last trading period, the closing price was at $34.90.

Raymond James initiated coverage on World Kinect Corp WKC with an Outperform rating. The price target for World Kinect is set to $30.00. At the moment, the stock has a 52-week-high of $25.10 and a 52-week-low of $19.78. World Kinect closed at $20.82 at the end of the last trading period.

B of A Securities initiated coverage on Qifu Technology Inc QFIN with a Buy rating. The price target for Qifu Technology is set to $24.50. In the first quarter, Qifu Technology showed an EPS of $0.86, compared to $1.21 from the year-ago quarter. The stock has a 52-week-high of $25.49 and a 52-week-low of $9.47. At the end of the last trading period, Qifu Technology closed at $17.96.

Keybanc initiated coverage on Instructure Holdings Inc INST with an Overweight rating. The price target for Instructure Hldgs is set to $32.00. For the first quarter, Instructure Hldgs had an EPS of $0.19, compared to year-ago quarter EPS of $0.28. The current stock performance of Instructure Hldgs shows a 52-week-high of $31.47 and a 52-week-low of $20.47. Moreover, at the end of the last trading period, the closing price was at $25.03.

See all analyst ratings initiations.

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