Benzinga's Top Ratings Upgrades, Downgrades For July 7, 2023

Upgrades

For Credicorp Ltd BAP, Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. For the first quarter, Credicorp had an EPS of $4.55, compared to year-ago quarter EPS of $3.70. At the moment, the stock has a 52-week-high of $158.90 and a 52-week-low of $113.21. Credicorp closed at $147.50 at the end of the last trading period.

According to Guggenheim, the prior rating for Exelon Corp EXC was changed from Neutral to Buy. In the first quarter, Exelon showed an EPS of $0.70, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.23 and a 52-week-low of $35.19. Exelon closed at $41.06 at the end of the last trading period.

For Everest Re Group Ltd RE, Raymond James upgraded the previous rating of Outperform to Strong Buy. In the first quarter, Everest Re Group showed an EPS of $11.31, compared to $10.31 from the year-ago quarter. The stock has a 52-week-high of $395.00 and a 52-week-low of $244.67. At the end of the last trading period, Everest Re Group closed at $341.28.

For Playtika Holding Corp PLTK, B of A Securities upgraded the previous rating of Underperform to Neutral. Playtika Holding earned $0.23 in the first quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.95 and a 52-week-low of $7.83. Playtika Holding closed at $11.54 at the end of the last trading period.

According to Wolfe Research, the prior rating for ConocoPhillips COP was changed from Peer Perform to Outperform. ConocoPhillips earned $2.38 in the first quarter, compared to $3.27 in the year-ago quarter. The current stock performance of ConocoPhillips shows a 52-week-high of $138.46 and a 52-week-low of $78.30. Moreover, at the end of the last trading period, the closing price was at $100.34.

BMO Capital upgraded the previous rating for Adtalem Global Education Inc ATGE from Market Perform to Outperform. In the third quarter, Adtalem Glb Education showed an EPS of $1.13, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $44.36 and a 52-week-low of $33.59. At the end of the last trading period, Adtalem Glb Education closed at $33.68.

According to Wolfe Research, the prior rating for JPMorgan Chase & Co JPM was changed from Peer Perform to Outperform. JPMorgan Chase earned $4.10 in the first quarter, compared to $2.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $147.48 and a 52-week-low of $101.30. JPMorgan Chase closed at $143.21 at the end of the last trading period.

According to Barclays, the prior rating for Newmont Corp NEM was changed from Equal-Weight to Overweight. In the first quarter, Newmont showed an EPS of $0.40, compared to $0.69 from the year-ago quarter. The current stock performance of Newmont shows a 52-week-high of $60.89 and a 52-week-low of $37.45. Moreover, at the end of the last trading period, the closing price was at $41.54.

Barclays upgraded the previous rating for Hudbay Minerals Inc HBM from Equal-Weight to Overweight. Hudbay Minerals earned $0.00 in the first quarter, compared to $0.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.34 and a 52-week-low of $3.10. Hudbay Minerals closed at $4.55 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Northland Capital Markets downgraded the previous rating for Kaleyra Inc KLR from Outperform to Market Perform. For the first quarter, Kaleyra had an EPS of $0.08, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $10.85 and a 52-week-low of $1.57. At the end of the last trading period, Kaleyra closed at $6.71.

According to BOCOM International, the prior rating for XPeng Inc XPEV was changed from Neutral to Sell. In the first quarter, XPeng showed an EPS of $0.37, compared to $0.28 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.54 and a 52-week-low of $6.18. XPeng closed at $14.14 at the end of the last trading period.

Guggenheim downgraded the previous rating for Edison International EIX from Buy to Neutral. In the first quarter, Edison Intl showed an EPS of $1.09, compared to $1.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $74.92 and a 52-week-low of $54.51. Edison Intl closed at $69.43 at the end of the last trading period.

Barclays downgraded the previous rating for Williams-Sonoma Inc WSM from Equal-Weight to Underweight. For the first quarter, Williams-Sonoma had an EPS of $2.64, compared to year-ago quarter EPS of $3.50. The current stock performance of Williams-Sonoma shows a 52-week-high of $176.88 and a 52-week-low of $109.35. Moreover, at the end of the last trading period, the closing price was at $124.24.

According to Raymond James, the prior rating for Mercury General Corp MCY was changed from Strong Buy to Outperform. In the first quarter, Mercury General showed an EPS of $1.52, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $46.27 and a 52-week-low of $26.15. Mercury General closed at $28.86 at the end of the last trading period.

Wolfe Research downgraded the previous rating for Paramount Global PARA from Peer Perform to Underperform. Paramount Global earned $0.09 in the first quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.48 and a 52-week-low of $13.80. Paramount Global closed at $16.47 at the end of the last trading period.

According to Wolfe Research, the prior rating for Warner Bros. Discovery Inc WBD was changed from Outperform to Peer Perform. For the first quarter, Warner Bros. Discovery had an EPS of $0.44, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $17.64 and a 52-week-low of $8.82. At the end of the last trading period, Warner Bros. Discovery closed at $12.67.

Wolfe Research downgraded the previous rating for Exxon Mobil Corp XOM from Outperform to Peer Perform. Exxon Mobil earned $2.83 in the first quarter, compared to $2.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $119.92 and a 52-week-low of $80.69. Exxon Mobil closed at $102.92 at the end of the last trading period.

For Cedar Fair LP FUN, Citigroup downgraded the previous rating of Buy to Neutral. Cedar Fair earned $2.61 in the first quarter, compared to $1.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.95 and a 52-week-low of $37.92. Cedar Fair closed at $39.65 at the end of the last trading period.

For Wells Fargo & Co WFC, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the first quarter, Wells Fargo showed an EPS of $1.23, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $48.84 and a 52-week-low of $35.25. At the end of the last trading period, Wells Fargo closed at $42.89.

For Humana Inc HUM, JP Morgan downgraded the previous rating of Overweight to Neutral. For the first quarter, Humana had an EPS of $9.38, compared to year-ago quarter EPS of $8.04. The stock has a 52-week-high of $571.01 and a 52-week-low of $435.00. At the end of the last trading period, Humana closed at $440.99.

Keybanc downgraded the previous rating for KLA Corp KLAC from Overweight to Sector Weight. KLA earned $5.49 in the third quarter, compared to $5.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $488.41 and a 52-week-low of $250.74. KLA closed at $461.54 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Maxim Group initiated coverage on Nuzee Inc NUZE with a Buy rating. The price target for Nuzee is set to $24.00. For the first quarter, Nuzee had an EPS of $3.23, compared to year-ago quarter EPS of $5.60.

With a Speculative Buy rating, Benchmark initiated coverage on Near Intelligence Inc NIR. The price target seems to have been set at $3.00 for Near Intelligence. For the first quarter, Near Intelligence had an EPS of $1.20, compared to year-ago quarter EPS of $0.49. The current stock performance of Near Intelligence shows a 52-week-high of $18.65 and a 52-week-low of $1.17. Moreover, at the end of the last trading period, the closing price was at $1.18.

Raymond James initiated coverage on Silicon Laboratories Inc SLAB with a Market Perform rating. Silicon Laboratories earned $1.12 in the first quarter, compared to $1.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $194.68 and a 52-week-low of $109.76. Silicon Laboratories closed at $153.16 at the end of the last trading period.

For Ferguson PLC FERG, William Blair initiated coverage, by setting the current rating at Outperform. Ferguson earned $2.20 in the third quarter, compared to $2.50 in the year-ago quarter. The current stock performance of Ferguson shows a 52-week-high of $158.54 and a 52-week-low of $99.24. Moreover, at the end of the last trading period, the closing price was at $151.50.

JP Morgan initiated coverage on International Business Machines Corp IBM with a Neutral rating. The price target for IBM is set to $145.00. IBM earned $1.36 in the first quarter, compared to $1.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $153.18 and a 52-week-low of $115.57. IBM closed at $132.16 at the end of the last trading period.

With a Hold rating, Deutsche Bank initiated coverage on WEX Inc WEX. The price target seems to have been set at $190.00 for WEX. WEX earned $3.31 in the first quarter, compared to $2.88 in the year-ago quarter. The stock has a 52-week-high of $204.06 and a 52-week-low of $125.00. At the end of the last trading period, WEX closed at $183.48.

With a Buy rating, Deutsche Bank initiated coverage on Fleetcor Technologies Inc FLT. The price target seems to have been set at $310.00 for Fleetcor Technologies. For the first quarter, Fleetcor Technologies had an EPS of $3.80, compared to year-ago quarter EPS of $3.65. At the moment, the stock has a 52-week-high of $253.80 and a 52-week-low of $162.98. Fleetcor Technologies closed at $250.06 at the end of the last trading period.

Raymond James initiated coverage on Terex Corp TEX with a Market Perform rating. For the first quarter, Terex had an EPS of $1.60, compared to year-ago quarter EPS of $0.74. The current stock performance of Terex shows a 52-week-high of $61.01 and a 52-week-low of $27.29. Moreover, at the end of the last trading period, the closing price was at $57.56.

With an Outperform rating, Raymond James initiated coverage on Alamo Group Inc ALG. The price target seems to have been set at $215.00 for Alamo Group. For the first quarter, Alamo Group had an EPS of $2.79, compared to year-ago quarter EPS of $1.63. The current stock performance of Alamo Group shows a 52-week-high of $186.76 and a 52-week-low of $111.32. Moreover, at the end of the last trading period, the closing price was at $178.75.

With an Outperform rating, RBC Capital initiated coverage on Bloom Energy Corp BE. The price target seems to have been set at $24.00 for Bloom Energy. For the first quarter, Bloom Energy had an EPS of $0.22, compared to year-ago quarter EPS of $0.32. The current stock performance of Bloom Energy shows a 52-week-high of $31.47 and a 52-week-low of $12.33. Moreover, at the end of the last trading period, the closing price was at $15.55.

See all analyst ratings initiations.