Benzinga's Top Ratings Upgrades, Downgrades For July 19, 2023

Upgrades

According to Citigroup, the prior rating for First Solar Inc FSLR was changed from Sell to Neutral. In the first quarter, First Solar showed an EPS of $0.40, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $232.00 and a 52-week-low of $65.51. At the end of the last trading period, First Solar closed at $201.57.

According to UBS, the prior rating for Cheniere Energy Partners LP CQP was changed from Neutral to Buy. In the first quarter, Cheniere Energy Partners showed an EPS of $3.50, compared to $0.96 from the year-ago quarter. At the moment, the stock has a 52-week-high of $61.73 and a 52-week-low of $42.96. Cheniere Energy Partners closed at $49.22 at the end of the last trading period.

For ProPetro Holding Corp PUMP, Benchmark upgraded the previous rating of Hold to Buy. ProPetro Holding earned $0.25 in the first quarter, compared to $0.11 in the year-ago quarter. The current stock performance of ProPetro Holding shows a 52-week-high of $12.58 and a 52-week-low of $6.33. Moreover, at the end of the last trading period, the closing price was at $9.65.

According to Benchmark, the prior rating for Patterson-UTI Energy Inc PTEN was changed from Hold to Buy. For the first quarter, Patterson-UTI Energy had an EPS of $0.46, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $19.81 and a 52-week-low of $9.70. At the end of the last trading period, Patterson-UTI Energy closed at $14.85.

According to Benchmark, the prior rating for Helmerich & Payne Inc HP was changed from Hold to Buy. In the second quarter, Helmerich & Payne showed an EPS of $1.26, compared to $0.17 from the year-ago quarter. The current stock performance of Helmerich & Payne shows a 52-week-high of $54.42 and a 52-week-low of $30.41. Moreover, at the end of the last trading period, the closing price was at $39.44.

According to Benchmark, the prior rating for Nabors Industries Ltd NBR was changed from Hold to Buy. For the first quarter, Nabors Industries had an EPS of $2.05, compared to year-ago quarter EPS of $13.88. At the moment, the stock has a 52-week-high of $190.90 and a 52-week-low of $83.05. Nabors Industries closed at $112.29 at the end of the last trading period.

B of A Securities upgraded the previous rating for bluebird bio Inc BLUE from Neutral to Buy. For the first quarter, bluebird bio had an EPS of $0.21, compared to year-ago quarter EPS of $1.66. The stock has a 52-week-high of $8.58 and a 52-week-low of $2.78. At the end of the last trading period, bluebird bio closed at $3.15.

According to JP Morgan, the prior rating for Cisco Systems Inc CSCO was changed from Neutral to Overweight. Cisco Systems earned $1.00 in the third quarter, compared to $0.87 in the year-ago quarter. The current stock performance of Cisco Systems shows a 52-week-high of $52.56 and a 52-week-low of $38.61. Moreover, at the end of the last trading period, the closing price was at $51.24.

According to Exane BNP Paribas, the prior rating for The Hershey Co HSY was changed from Neutral to Outperform. Hershey earned $2.96 in the first quarter, compared to $2.53 in the year-ago quarter. The current stock performance of Hershey shows a 52-week-high of $276.88 and a 52-week-low of $211.58. Moreover, at the end of the last trading period, the closing price was at $239.84.

For Snowflake Inc SNOW, Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. For the first quarter, Snowflake had an EPS of $0.15, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $205.63 and a 52-week-low of $119.27. Snowflake closed at $188.20 at the end of the last trading period.

For Intuit Inc INTU, Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. In the third quarter, Intuit showed an EPS of $8.92, compared to $7.65 from the year-ago quarter. The stock has a 52-week-high of $497.69 and a 52-week-low of $352.66. At the end of the last trading period, Intuit closed at $495.43.

For Forward Air Corp FWRD, Baird upgraded the previous rating of Neutral to Outperform. In the first quarter, Forward Air showed an EPS of $1.37, compared to $1.57 from the year-ago quarter. The stock has a 52-week-high of $117.26 and a 52-week-low of $88.23. At the end of the last trading period, Forward Air closed at $112.81.

See all analyst ratings upgrades.

Downgrades

For Sunnova Energy International Inc NOVA, Citigroup downgraded the previous rating of Buy to Neutral. Sunnova Energy Intl earned $0.70 in the first quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $31.47 and a 52-week-low of $12.46. At the end of the last trading period, Sunnova Energy Intl closed at $23.43.

For Tapestry Inc TPR, OTR Global downgraded the previous rating of Positive to Mixed. In the third quarter, Tapestry showed an EPS of $0.78, compared to $0.51 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.48 and a 52-week-low of $27.54. Tapestry closed at $43.36 at the end of the last trading period.

For Celsius Holdings Inc CELH, Maxim Group downgraded the previous rating of Buy to Hold. For the first quarter, Celsius Holdings had an EPS of $0.40, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $157.28 and a 52-week-low of $73.30. At the end of the last trading period, Celsius Holdings closed at $144.54.

Raymond James downgraded the previous rating for Hancock Whitney Corp HWC from Strong Buy to Outperform. In the second quarter, Hancock Whitney showed an EPS of $1.35, compared to $1.38 from the year-ago quarter. The stock has a 52-week-high of $56.95 and a 52-week-low of $31.02. At the end of the last trading period, Hancock Whitney closed at $43.45.

According to Gordon Haskett, the prior rating for Compass Inc COMP was changed from Buy to Hold. For the first quarter, Compass had an EPS of $0.33, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $5.16 and a 52-week-low of $1.84. Compass closed at $4.08 at the end of the last trading period.

For Redfin Corp RDFN, Gordon Haskett downgraded the previous rating of Hold to Underperform. For the first quarter, Redfin had an EPS of $0.93, compared to year-ago quarter EPS of $0.81. The stock has a 52-week-high of $17.68 and a 52-week-low of $3.08. At the end of the last trading period, Redfin closed at $15.94.

For Opendoor Technologies Inc OPEN, Gordon Haskett downgraded the previous rating of Hold to Underperform. Opendoor Technologies earned $0.64 in the first quarter, compared to $0.15 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.38 and a 52-week-low of $0.92. Opendoor Technologies closed at $4.39 at the end of the last trading period.

For Chord Energy Corp CHRD, TD Cowen downgraded the previous rating of Outperform to Market Perform. The stock has a 52-week-high of $164.79 and a 52-week-low of $107.44. At the end of the last trading period, Chord Energy closed at $149.02.

For Hancock Whitney Corp HWC, Piper Sandler downgraded the previous rating of Overweight to Neutral. Hancock Whitney earned $1.35 in the second quarter, compared to $1.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.95 and a 52-week-low of $31.02. Hancock Whitney closed at $43.45 at the end of the last trading period.

JP Morgan downgraded the previous rating for Joby Aviation Inc JOBY from Neutral to Underweight. Joby Aviation earned $0.19 in the first quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $11.98 and a 52-week-low of $3.15. At the end of the last trading period, Joby Aviation closed at $10.06.

For Cinemark Holdings Inc CNK, JP Morgan downgraded the previous rating of Overweight to Neutral. Cinemark Hldgs earned $0.03 in the first quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $19.74 and a 52-week-low of $8.29. At the end of the last trading period, Cinemark Hldgs closed at $15.40.

For PotlatchDeltic Corp PCH, RBC Capital downgraded the previous rating of Outperform to Sector Perform. For the first quarter, PotlatchDeltic had an EPS of $0.23, compared to year-ago quarter EPS of $2.50. The current stock performance of PotlatchDeltic shows a 52-week-high of $54.44 and a 52-week-low of $39.10. Moreover, at the end of the last trading period, the closing price was at $54.11.

Morgan Stanley downgraded the previous rating for Global E Online Ltd GLBE from Overweight to Equal-Weight. Global E Online earned $0.26 in the first quarter, compared to $0.35 in the year-ago quarter. The stock has a 52-week-high of $45.72 and a 52-week-low of $18.15. At the end of the last trading period, Global E Online closed at $44.80.

See all analyst ratings downgrades.

Initiations

Craig-Hallum initiated coverage on Cellebrite DI Ltd CLBT with a Buy rating. The price target for Cellebrite DI is set to $11.00. In the first quarter, Cellebrite DI showed an EPS of $0.03, compared to $0.01 from the year-ago quarter. The stock has a 52-week-high of $7.35 and a 52-week-low of $3.81. At the end of the last trading period, Cellebrite DI closed at $7.24.

William Blair initiated coverage on TransMedics Group Inc TMDX with an Outperform rating. TransMedics Gr earned $0.08 in the first quarter, compared to $0.38 in the year-ago quarter. The current stock performance of TransMedics Gr shows a 52-week-high of $96.28 and a 52-week-low of $31.93. Moreover, at the end of the last trading period, the closing price was at $96.07.

Guggenheim initiated coverage on Texas Roadhouse Inc TXRH with a Buy rating. The price target for Texas Roadhouse is set to $130.00. In the first quarter, Texas Roadhouse showed an EPS of $1.28, compared to $1.08 from the year-ago quarter. The current stock performance of Texas Roadhouse shows a 52-week-high of $117.01 and a 52-week-low of $80.13. Moreover, at the end of the last trading period, the closing price was at $116.33.

Citigroup initiated coverage on Waste Connections Inc WCN with a Neutral rating. The price target for Waste Connections is set to $155.00. In the first quarter, Waste Connections showed an EPS of $0.89, compared to $0.82 from the year-ago quarter. The current stock performance of Waste Connections shows a 52-week-high of $148.18 and a 52-week-low of $122.51. Moreover, at the end of the last trading period, the closing price was at $139.97.

With a Buy rating, Citigroup initiated coverage on Republic Services Inc RSG. The price target seems to have been set at $177.00 for Republic Servs. For the first quarter, Republic Servs had an EPS of $1.24, compared to year-ago quarter EPS of $1.14. At the moment, the stock has a 52-week-high of $153.38 and a 52-week-low of $120.58. Republic Servs closed at $149.06 at the end of the last trading period.

BTIG initiated coverage on Compass Minerals International Inc CMP with a Neutral rating. In the second quarter, Compass Minerals Intl showed an EPS of $0.46, compared to $0.33 from the year-ago quarter. The current stock performance of Compass Minerals Intl shows a 52-week-high of $47.68 and a 52-week-low of $28.89. Moreover, at the end of the last trading period, the closing price was at $36.09.

Baird initiated coverage on Boston Scientific Corp BSX with an Outperform rating. The price target for Boston Scientific is set to $59.00. Boston Scientific earned $0.47 in the first quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $54.74 and a 52-week-low of $37.05. Boston Scientific closed at $52.81 at the end of the last trading period.

With an Underperform rating, Jefferies initiated coverage on Senseonics Holdings Inc SENS. The price target seems to have been set at $0.50 for Senseonics Holdings. In the first quarter, Senseonics Holdings showed an EPS of $0.00, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $2.44 and a 52-week-low of $0.54. At the end of the last trading period, Senseonics Holdings closed at $1.05.

With a Neutral rating, Citigroup initiated coverage on Terreno Realty Corp TRNO. The price target seems to have been set at $63.00 for Terreno Realty. In the first quarter, Terreno Realty showed an EPS of $0.51, compared to $0.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.03 and a 52-week-low of $50.39. Terreno Realty closed at $58.30 at the end of the last trading period.

Citigroup initiated coverage on First Industrial Realty Trust Inc FR with a Neutral rating. The price target for First Industrial Realty is set to $57.00. At the moment, the stock has a 52-week-high of $55.86 and a 52-week-low of $42.94. First Industrial Realty closed at $52.78 at the end of the last trading period.

For Cytek Biosciences Inc CTKB, Raymond James initiated coverage, by setting the current rating at Market Perform. Cytek Biosciences earned $0.00 in the first quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.98 and a 52-week-low of $6.45. Cytek Biosciences closed at $9.00 at the end of the last trading period.

Raymond James initiated coverage on Azenta Inc AZTA with a Market Perform rating. In the second quarter, Azenta showed an EPS of $0.06, compared to $0.12 from the year-ago quarter. The current stock performance of Azenta shows a 52-week-high of $71.34 and a 52-week-low of $36.01. Moreover, at the end of the last trading period, the closing price was at $44.70.

With a Buy rating, Craig-Hallum initiated coverage on Ribbon Communications Inc RBBN. The price target seems to have been set at $5.50 for Ribbon Comms. In the first quarter, Ribbon Comms showed an EPS of $0.02, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.84 and a 52-week-low of $2.19. Ribbon Comms closed at $2.98 at the end of the last trading period.

With an Outperform rating, Raymond James initiated coverage on Revvity Inc RVTY. The price target seems to have been set at $145.00 for Revvity. For the first quarter, Revvity had an EPS of $1.01, compared to year-ago quarter EPS of $2.41. The stock has a 52-week-high of $123.48 and a 52-week-low of $110.75. At the end of the last trading period, Revvity closed at $122.28.

With an Outperform rating, Raymond James initiated coverage on Danaher Corp DHR. The price target seems to have been set at $270.00 for Danaher. Danaher earned $2.36 in the first quarter, compared to $2.76 in the year-ago quarter. At the moment, the stock has a 52-week-high of $303.81 and a 52-week-low of $221.22. Danaher closed at $240.79 at the end of the last trading period.

Baird initiated coverage on Edwards Lifesciences Corp EW with an Outperform rating. The price target for Edwards Lifesciences is set to $107.00. For the first quarter, Edwards Lifesciences had an EPS of $0.62, compared to year-ago quarter EPS of $0.60. The current stock performance of Edwards Lifesciences shows a 52-week-high of $107.92 and a 52-week-low of $67.13. Moreover, at the end of the last trading period, the closing price was at $91.99.

With a Neutral rating, Baird initiated coverage on Medtronic PLC MDT. The price target seems to have been set at $90.00 for Medtronic. For the fourth quarter, Medtronic had an EPS of $1.57, compared to year-ago quarter EPS of $1.52. The stock has a 52-week-high of $95.56 and a 52-week-low of $75.77. At the end of the last trading period, Medtronic closed at $86.60.

Baird initiated coverage on Intuitive Surgical Inc ISRG with an Outperform rating. The price target for Intuitive Surgical is set to $377.00. For the first quarter, Intuitive Surgical had an EPS of $1.23, compared to year-ago quarter EPS of $1.13. The current stock performance of Intuitive Surgical shows a 52-week-high of $355.54 and a 52-week-low of $180.34. Moreover, at the end of the last trading period, the closing price was at $354.93.

Baird initiated coverage on Nevro Corp NVRO with a Neutral rating. The price target for Nevro is set to $26.00. For the first quarter, Nevro had an EPS of $0.98, compared to year-ago quarter EPS of $0.98. The stock has a 52-week-high of $53.22 and a 52-week-low of $22.12. At the end of the last trading period, Nevro closed at $24.61.

With an Outperform rating, Baird initiated coverage on iRhythm Technologies Inc IRTC. The price target seems to have been set at $130.00 for iRhythm Technologies. iRhythm Technologies earned $1.10 in the first quarter, compared to $1.71 in the year-ago quarter. At the moment, the stock has a 52-week-high of $164.53 and a 52-week-low of $85.74. iRhythm Technologies closed at $101.13 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on Inspire Medical Systems Inc INSP. The price target seems to have been set at $371.00 for Inspire Medical Systems. Inspire Medical Systems earned $0.53 in the first quarter, compared to $0.61 in the year-ago quarter. The current stock performance of Inspire Medical Systems shows a 52-week-high of $330.00 and a 52-week-low of $160.55. Moreover, at the end of the last trading period, the closing price was at $322.11.

With an Outperform rating, Baird initiated coverage on Inari Medical Inc NARI. The price target seems to have been set at $79.00 for Inari Medical. In the first quarter, Inari Medical showed an EPS of $0.04, compared to $0.06 from the year-ago quarter. The current stock performance of Inari Medical shows a 52-week-high of $86.84 and a 52-week-low of $52.59. Moreover, at the end of the last trading period, the closing price was at $57.92.

Baird initiated coverage on LivaNova PLC LIVN with a Neutral rating. The price target for LivaNova is set to $56.00. In the first quarter, LivaNova showed an EPS of $0.43, compared to $0.48 from the year-ago quarter. The current stock performance of LivaNova shows a 52-week-high of $66.55 and a 52-week-low of $40.26. Moreover, at the end of the last trading period, the closing price was at $53.09.

With an Outperform rating, Baird initiated coverage on Penumbra Inc PEN. The price target seems to have been set at $375.00 for Penumbra. Penumbra earned $0.23 in the first quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $348.67 and a 52-week-low of $120.25. At the end of the last trading period, Penumbra closed at $314.54.

Baird initiated coverage on Axonics Inc AXNX with an Outperform rating. The price target for Axonics is set to $69.00. Axonics earned $0.19 in the first quarter, compared to $0.50 in the year-ago quarter. The current stock performance of Axonics shows a 52-week-high of $79.88 and a 52-week-low of $47.59. Moreover, at the end of the last trading period, the closing price was at $50.98.

See all analyst ratings initiations.