Benzinga's Top Ratings Upgrades, Downgrades For July 21, 2023

Upgrades

For Vintage Wine Estates Inc VWE, Canaccord Genuity upgraded the previous rating of Sell to Hold. Vintage Wine Estates earned $0.11 in the second quarter, compared to $0.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.83 and a 52-week-low of $0.81. Vintage Wine Estates closed at $1.06 at the end of the last trading period.

DA Davidson upgraded the previous rating for Harley-Davidson Inc HOG from Neutral to Buy. Harley-Davidson earned $2.04 in the first quarter, compared to $1.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $51.77 and a 52-week-low of $30.85. Harley-Davidson closed at $36.60 at the end of the last trading period.

BTIG upgraded the previous rating for Forestar Group Inc FOR from Neutral to Buy. For the third quarter, Forestar Group had an EPS of $0.93, compared to year-ago quarter EPS of $0.80. At the moment, the stock has a 52-week-high of $25.99 and a 52-week-low of $10.28. Forestar Group closed at $25.28 at the end of the last trading period.

According to B of A Securities, the prior rating for Consolidated Edison Inc ED was changed from Neutral to Buy. In the first quarter, Consolidated Edison showed an EPS of $1.83, compared to $1.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $102.19 and a 52-week-low of $78.21. Consolidated Edison closed at $95.89 at the end of the last trading period.

According to B of A Securities, the prior rating for Marsh & McLennan Companies Inc MMC was changed from Underperform to Neutral. In the second quarter, Marsh & McLennan showed an EPS of $2.20, compared to $1.89 from the year-ago quarter. The current stock performance of Marsh & McLennan shows a 52-week-high of $190.92 and a 52-week-low of $148.11. Moreover, at the end of the last trading period, the closing price was at $189.20.

Baird upgraded the previous rating for WNS (Holdings) Ltd WNS from Neutral to Outperform. In the first quarter, WNS (Hldgs) showed an EPS of $1.01, compared to $0.90 from the year-ago quarter. At the moment, the stock has a 52-week-high of $94.96 and a 52-week-low of $67.34. WNS (Hldgs) closed at $68.43 at the end of the last trading period.

For Abbott Laboratories ABT, Wolfe Research upgraded the previous rating of Underperform to Peer Perform. For the second quarter, Abbott Laboratories had an EPS of $1.08, compared to year-ago quarter EPS of $1.43. The stock has a 52-week-high of $115.69 and a 52-week-low of $93.29. At the end of the last trading period, Abbott Laboratories closed at $111.83.

Piper Sandler upgraded the previous rating for SL Green Realty Corp SLG from Neutral to Overweight. SL Green Realty earned $1.43 in the second quarter, compared to $1.87 in the year-ago quarter. The stock has a 52-week-high of $51.69 and a 52-week-low of $19.06. At the end of the last trading period, SL Green Realty closed at $33.61.

See all analyst ratings upgrades.

Downgrades

For Sirius XM Holdings Inc SIRI, Seaport Global downgraded the previous rating of Neutral to Sell. For the first quarter, Sirius XM Holdings had an EPS of $0.06, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $7.95 and a 52-week-low of $3.32. Sirius XM Holdings closed at $7.81 at the end of the last trading period.

For The Timken Co TKR, B of A Securities downgraded the previous rating of Buy to Neutral. In the first quarter, Timken showed an EPS of $2.09, compared to $1.61 from the year-ago quarter. The current stock performance of Timken shows a 52-week-high of $95.08 and a 52-week-low of $57.59. Moreover, at the end of the last trading period, the closing price was at $93.07.

Wells Fargo downgraded the previous rating for Equinix Inc EQIX from Overweight to Equal-Weight. In the first quarter, Equinix showed an EPS of $8.59, compared to $7.16 from the year-ago quarter. The current stock performance of Equinix shows a 52-week-high of $816.22 and a 52-week-low of $495.11. Moreover, at the end of the last trading period, the closing price was at $810.51.

According to Deutsche Bank, the prior rating for Sirius XM Holdings Inc SIRI was changed from Buy to Sell. In the first quarter, Sirius XM Holdings showed an EPS of $0.06, compared to $0.08 from the year-ago quarter. The current stock performance of Sirius XM Holdings shows a 52-week-high of $7.95 and a 52-week-low of $3.32. Moreover, at the end of the last trading period, the closing price was at $7.81.

For Blackstone Inc BX, JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Blackstone showed an EPS of $0.93, compared to $1.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $110.87 and a 52-week-low of $71.73. Blackstone closed at $107.51 at the end of the last trading period.

According to B of A Securities, the prior rating for Herc Holdings Inc HRI was changed from Buy to Underperform. For the first quarter, Herc Hldgs had an EPS of $2.35, compared to year-ago quarter EPS of $1.95. The current stock performance of Herc Hldgs shows a 52-week-high of $162.47 and a 52-week-low of $93.97. Moreover, at the end of the last trading period, the closing price was at $142.32.

Evercore ISI Group downgraded the previous rating for Knight-Swift Transportation Holdings Inc KNX from Outperform to In-Line. In the second quarter, Knight-Swift showed an EPS of $0.49, compared to $1.41 from the year-ago quarter. The stock has a 52-week-high of $64.35 and a 52-week-low of $45.70. At the end of the last trading period, Knight-Swift closed at $55.85.

Oppenheimer downgraded the previous rating for Lincoln Electric Holdings Inc LECO from Outperform to Perform. For the first quarter, Lincoln Electric Holdings had an EPS of $2.13, compared to year-ago quarter EPS of $2.10. At the moment, the stock has a 52-week-high of $210.86 and a 52-week-low of $120.17. Lincoln Electric Holdings closed at $210.04 at the end of the last trading period.

According to TD Cowen, the prior rating for Enovix Corp ENVX was changed from Outperform to Market Perform. Enovix earned $0.20 in the first quarter, compared to $0.16 in the year-ago quarter. The current stock performance of Enovix shows a 52-week-high of $26.28 and a 52-week-low of $6.50. Moreover, at the end of the last trading period, the closing price was at $21.07.

According to Loop Capital, the prior rating for Aspen Technology Inc AZPN was changed from Buy to Hold. For the third quarter, Aspen Technology had an EPS of $1.06, compared to year-ago quarter EPS of $1.38. The current stock performance of Aspen Technology shows a 52-week-high of $263.35 and a 52-week-low of $161.32. Moreover, at the end of the last trading period, the closing price was at $175.33.

According to B of A Securities, the prior rating for Scorpio Tankers Inc STNG was changed from Buy to Neutral. In the first quarter, Scorpio Tankers showed an EPS of $3.31, compared to $0.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $64.20 and a 52-week-low of $36.38. Scorpio Tankers closed at $42.36 at the end of the last trading period.

For Floor & Decor Holdings Inc FND, Jefferies downgraded the previous rating of Buy to Hold. In the first quarter, Floor & Decor Hldgs showed an EPS of $0.66, compared to $0.67 from the year-ago quarter. At the moment, the stock has a 52-week-high of $116.03 and a 52-week-low of $63.52. Floor & Decor Hldgs closed at $113.21 at the end of the last trading period.

For Sirius XM Holdings Inc SIRI, Evercore ISI Group downgraded the previous rating of In-Line to Underperform. Sirius XM Holdings earned $0.06 in the first quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.95 and a 52-week-low of $3.32. Sirius XM Holdings closed at $7.81 at the end of the last trading period.

For Activision Blizzard Inc ATVI, Roth MKM downgraded the previous rating of Buy to Neutral. In the second quarter, Activision Blizzard showed an EPS of $1.08, compared to $0.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $93.67 and a 52-week-low of $70.94. Activision Blizzard closed at $92.29 at the end of the last trading period.

For Sirius XM Holdings Inc SIRI, Pivotal Research downgraded the previous rating of Hold to Sell. In the first quarter, Sirius XM Holdings showed an EPS of $0.06, compared to $0.08 from the year-ago quarter. The current stock performance of Sirius XM Holdings shows a 52-week-high of $7.95 and a 52-week-low of $3.32. Moreover, at the end of the last trading period, the closing price was at $7.81.

According to BMO Capital, the prior rating for Sunnova Energy International Inc NOVA was changed from Outperform to Market Perform. Sunnova Energy Intl earned $0.70 in the first quarter, compared to $0.30 in the year-ago quarter. The current stock performance of Sunnova Energy Intl shows a 52-week-high of $31.47 and a 52-week-low of $12.46. Moreover, at the end of the last trading period, the closing price was at $22.58.

Piper Sandler downgraded the previous rating for Discover Financial Services DFS from Overweight to Neutral. For the second quarter, Discover Finl had an EPS of $3.54, compared to year-ago quarter EPS of $3.96. The current stock performance of Discover Finl shows a 52-week-high of $122.50 and a 52-week-low of $87.65. Moreover, at the end of the last trading period, the closing price was at $102.45.

Piper Sandler downgraded the previous rating for Carvana Co CVNA from Overweight to Neutral. For the second quarter, Carvana had an EPS of $0.55, compared to year-ago quarter EPS of $2.35. The stock has a 52-week-high of $58.01 and a 52-week-low of $3.56. At the end of the last trading period, Carvana closed at $46.73.

For XPeng Inc XPEV, JP Morgan downgraded the previous rating of Neutral to Underweight. XPeng earned $0.37 in the first quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $27.45 and a 52-week-low of $6.18. At the end of the last trading period, XPeng closed at $15.04.

See all analyst ratings downgrades.

Initiations

Maxim Group initiated coverage on Lexaria Bioscience Corp LEXX with a Buy rating. The price target for Lexaria Bioscience is set to $2.00. Lexaria Bioscience earned $0.37 in the third quarter, compared to $0.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $3.60 and a 52-week-low of $0.65. Lexaria Bioscience closed at $0.76 at the end of the last trading period.

Cantor Fitzgerald initiated coverage on LifeMD Inc LFMD with an Overweight rating. The price target for LifeMD is set to $7.00. In the first quarter, LifeMD showed an EPS of $0.06, compared to $0.25 from the year-ago quarter. The current stock performance of LifeMD shows a 52-week-high of $5.45 and a 52-week-low of $1.14. Moreover, at the end of the last trading period, the closing price was at $3.53.

With a Speculative Buy rating, Benchmark initiated coverage on CytoMed Therapeutics Ltd GDTC. The price target seems to have been set at $5.00 for CytoMed Therapeutics. The current stock performance of CytoMed Therapeutics shows a 52-week-high of $9.25 and a 52-week-low of $2.36. Moreover, at the end of the last trading period, the closing price was at $3.85.

TD Cowen initiated coverage on Arrowhead Pharmaceuticals Inc ARWR with an Outperform rating. For the second quarter, Arrowhead Pharma had an EPS of $0.45, compared to year-ago quarter EPS of $0.41. The current stock performance of Arrowhead Pharma shows a 52-week-high of $48.48 and a 52-week-low of $23.09. Moreover, at the end of the last trading period, the closing price was at $34.82.

Berenberg initiated coverage on Exscientia PLC EXAI with a Buy rating. The price target for Exscientia is set to $13.00. In the first quarter, Exscientia showed an EPS of $0.38, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $13.15 and a 52-week-low of $4.10. At the end of the last trading period, Exscientia closed at $7.98.

With a Buy rating, Berenberg initiated coverage on Morphic Holding Inc MORF. The price target seems to have been set at $75.00 for Morphic Holding. In the first quarter, Morphic Holding showed an EPS of $0.90, compared to $0.85 from the year-ago quarter. The current stock performance of Morphic Holding shows a 52-week-high of $63.08 and a 52-week-low of $23.13. Moreover, at the end of the last trading period, the closing price was at $57.23.

With a Buy rating, JonesTrading initiated coverage on Purple Biotech Ltd PPBT. The price target seems to have been set at $8.00 for Purple Biotech. In the first quarter, Purple Biotech showed an EPS of $0.25, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $2.72 and a 52-week-low of $1.20. At the end of the last trading period, Purple Biotech closed at $1.20.

With a Buy rating, Canaccord Genuity initiated coverage on Vermilion Energy Inc VET. The price target seems to have been set at $24.50 for Vermilion Energy. In the first quarter, Vermilion Energy showed an EPS of $1.73, compared to $1.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.16 and a 52-week-low of $10.75. Vermilion Energy closed at $13.17 at the end of the last trading period.

Canaccord Genuity initiated coverage on Crescent Point Energy Corp CPG with a Buy rating. The price target for Crescent Point Energy is set to $12.50. For the first quarter, Crescent Point Energy had an EPS of $0.30, compared to year-ago quarter EPS of $0.32. The current stock performance of Crescent Point Energy shows a 52-week-high of $8.62 and a 52-week-low of $5.51. Moreover, at the end of the last trading period, the closing price was at $7.59.

With a Buy rating, Canaccord Genuity initiated coverage on Baytex Energy Corp BTE. The price target seems to have been set at $6.00 for Baytex Energy. For the first quarter, Baytex Energy had an EPS of $0.07, compared to year-ago quarter EPS of $0.08. The current stock performance of Baytex Energy shows a 52-week-high of $4.40 and a 52-week-low of $2.89. Moreover, at the end of the last trading period, the closing price was at $3.56.

With an Overweight rating, JP Morgan initiated coverage on Travere Therapeutics Inc TVTX. The price target seems to have been set at $26.00 for Travere Therapeutics. Travere Therapeutics earned $0.82 in the first quarter, compared to $0.82 in the year-ago quarter. At the moment, the stock has a 52-week-high of $29.07 and a 52-week-low of $14.51. Travere Therapeutics closed at $15.63 at the end of the last trading period.

With a Buy rating, Daiwa Capital initiated coverage on Atour Lifestyle Holdings Ltd ATAT. The price target seems to have been set at $24.00 for Atour Lifestyle Holdings. The stock has a 52-week-high of $29.40 and a 52-week-low of $11.05. At the end of the last trading period, Atour Lifestyle Holdings closed at $18.97.

Oppenheimer initiated coverage on Live Nation Entertainment Inc LYV with an Outperform rating. The price target for Live Nation Entertainment is set to $110.00. For the first quarter, Live Nation Entertainment had an EPS of $0.25, compared to year-ago quarter EPS of $0.39. The current stock performance of Live Nation Entertainment shows a 52-week-high of $99.63 and a 52-week-low of $64.25. Moreover, at the end of the last trading period, the closing price was at $96.82.

With an Outperform rating, Oppenheimer initiated coverage on Olema Pharmaceuticals inc OLMA. The price target seems to have been set at $21.00 for Olema Pharmaceuticals. In the first quarter, Olema Pharmaceuticals showed an EPS of $0.70, compared to $0.58 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.87 and a 52-week-low of $2.22. Olema Pharmaceuticals closed at $8.94 at the end of the last trading period.

See all analyst ratings initiations.