Benzinga's Top Ratings Upgrades, Downgrades For August 3, 2023

Upgrades

According to Wells Fargo, the prior rating for Wayfair Inc W was changed from Underweight to Overweight. Wayfair earned $0.21 in the second quarter, compared to $1.94 in the year-ago quarter. The current stock performance of Wayfair shows a 52-week-high of $78.11 and a 52-week-low of $28.13. Moreover, at the end of the last trading period, the closing price was at $72.89.

According to Gordon Haskett, the prior rating for Wayfair Inc W was changed from Hold to Buy. For the second quarter, Wayfair had an EPS of $0.21, compared to year-ago quarter EPS of $1.94. The stock has a 52-week-high of $78.11 and a 52-week-low of $28.13. At the end of the last trading period, Wayfair closed at $72.89.

For Stoneridge Inc SRI, Barrington Research upgraded the previous rating of Market Perform to Outperform. For the second quarter, Stoneridge had an EPS of $0.05, compared to year-ago quarter EPS of $0.29. The current stock performance of Stoneridge shows a 52-week-high of $25.86 and a 52-week-low of $14.18. Moreover, at the end of the last trading period, the closing price was at $20.59.

UBS upgraded the previous rating for StoneCo Ltd STNE from Neutral to Buy. In the first quarter, StoneCo showed an EPS of $0.14, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $14.83 and a 52-week-low of $8.07. At the end of the last trading period, StoneCo closed at $13.60.

According to UBS, the prior rating for PagSeguro Digital Ltd PAGS was changed from Neutral to Buy. PagSeguro Digital earned $0.23 in the first quarter, compared to $0.21 in the year-ago quarter. The current stock performance of PagSeguro Digital shows a 52-week-high of $19.49 and a 52-week-low of $7.51. Moreover, at the end of the last trading period, the closing price was at $10.58.

For Faro Technologies Inc FARO, Craig-Hallum upgraded the previous rating of Hold to Buy. For the second quarter, Faro Technologies had an EPS of $0.14, compared to year-ago quarter EPS of $0.03. The current stock performance of Faro Technologies shows a 52-week-high of $39.58 and a 52-week-low of $10.30. Moreover, at the end of the last trading period, the closing price was at $15.96.

For Sunrun Inc RUN, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. For the second quarter, Sunrun had an EPS of $0.25, compared to year-ago quarter EPS of $0.06. At the moment, the stock has a 52-week-high of $39.10 and a 52-week-low of $14.55. Sunrun closed at $17.84 at the end of the last trading period.

Benchmark upgraded the previous rating for Wingstop Inc WING from Hold to Buy. Wingstop earned $0.57 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $223.77 and a 52-week-low of $108.45. At the end of the last trading period, Wingstop closed at $167.68.

For Ross Stores Inc ROST, TD Cowen upgraded the previous rating of Market Perform to Outperform. In the first quarter, Ross Stores showed an EPS of $1.09, compared to $0.97 from the year-ago quarter. The current stock performance of Ross Stores shows a 52-week-high of $122.44 and a 52-week-low of $79.24. Moreover, at the end of the last trading period, the closing price was at $111.77.

According to TD Cowen, the prior rating for Pacira BioSciences Inc PCRX was changed from Market Perform to Outperform. Pacira BioSciences earned $0.78 in the second quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $59.20 and a 52-week-low of $34.08. At the end of the last trading period, Pacira BioSciences closed at $36.71.

According to Exane BNP Paribas, the prior rating for Qorvo Inc QRVO was changed from Neutral to Outperform. Qorvo earned $0.34 in the first quarter, compared to $2.25 in the year-ago quarter. The stock has a 52-week-high of $114.59 and a 52-week-low of $75.58. At the end of the last trading period, Qorvo closed at $106.11.

For CSG Systems International Inc CSGS, Stifel upgraded the previous rating of Hold to Buy. In the second quarter, CSG Systems Intl showed an EPS of $0.80, compared to $0.84 from the year-ago quarter. At the moment, the stock has a 52-week-high of $65.83 and a 52-week-low of $47.03. CSG Systems Intl closed at $52.59 at the end of the last trading period.

Stifel upgraded the previous rating for Hayward Holdings Inc HAYW from Hold to Buy. For the second quarter, Hayward Holdings had an EPS of $0.19, compared to year-ago quarter EPS of $0.29. The current stock performance of Hayward Holdings shows a 52-week-high of $14.97 and a 52-week-low of $7.97. Moreover, at the end of the last trading period, the closing price was at $13.89.

Telsey Advisory Group upgraded the previous rating for Traeger Inc COOK from Market Perform to Outperform. For the second quarter, Traeger had an EPS of $0.04, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $4.63 and a 52-week-low of $2.48. Traeger closed at $4.12 at the end of the last trading period.

According to Wolfe Research, the prior rating for Triumph Group Inc TGI was changed from Underperform to Peer Perform. In the first quarter, Triumph Group showed an EPS of $0.10, compared to $0.12 from the year-ago quarter. The current stock performance of Triumph Group shows a 52-week-high of $16.85 and a 52-week-low of $7.85. Moreover, at the end of the last trading period, the closing price was at $9.35.

See all analyst ratings upgrades.

Downgrades

According to Citigroup, the prior rating for DXC Technology Co DXC was changed from Buy to Neutral. For the first quarter, DXC Technology had an EPS of $0.63, compared to year-ago quarter EPS of $0.75. The current stock performance of DXC Technology shows a 52-week-high of $31.84 and a 52-week-low of $22.11. Moreover, at the end of the last trading period, the closing price was at $27.07.

According to TD Cowen, the prior rating for DXC Technology Co DXC was changed from Outperform to Market Perform. In the first quarter, DXC Technology showed an EPS of $0.63, compared to $0.75 from the year-ago quarter. The stock has a 52-week-high of $31.84 and a 52-week-low of $22.11. At the end of the last trading period, DXC Technology closed at $27.07.

William Blair downgraded the previous rating for Aravive Inc ARAV from Outperform to Market Perform. For the first quarter, Aravive had an EPS of $0.66, compared to year-ago quarter EPS of $0.62. The current stock performance of Aravive shows a 52-week-high of $2.46 and a 52-week-low of $0.58. Moreover, at the end of the last trading period, the closing price was at $1.27.

According to Argus Research, the prior rating for Sonoco Products Co SON was changed from Buy to Hold. For the second quarter, Sonoco Prods had an EPS of $1.38, compared to year-ago quarter EPS of $1.76. The stock has a 52-week-high of $65.92 and a 52-week-low of $53.78. At the end of the last trading period, Sonoco Prods closed at $58.08.

For Aravive Inc ARAV, EF Hutton downgraded the previous rating of Buy to Hold. Aravive earned $0.66 in the first quarter, compared to $0.62 in the year-ago quarter. The current stock performance of Aravive shows a 52-week-high of $2.46 and a 52-week-low of $0.58. Moreover, at the end of the last trading period, the closing price was at $1.27.

According to Wedbush, the prior rating for National CineMedia Inc NCMI was changed from Outperform to Neutral. National CineMedia earned $0.08 in the fourth quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $1.84 and a 52-week-low of $0.10. At the end of the last trading period, National CineMedia closed at $0.34.

According to Deutsche Bank, the prior rating for DXC Technology Co DXC was changed from Buy to Hold. In the first quarter, DXC Technology showed an EPS of $0.63, compared to $0.75 from the year-ago quarter. The stock has a 52-week-high of $31.84 and a 52-week-low of $22.11. At the end of the last trading period, DXC Technology closed at $27.07.

For Cerevel Therapeutics Holdings Inc CERE, B of A Securities downgraded the previous rating of Buy to Neutral. For the second quarter, Cerevel Therapeutics Hldg had an EPS of $0.63, compared to year-ago quarter EPS of $0.61. At the moment, the stock has a 52-week-high of $41.43 and a 52-week-low of $22.63. Cerevel Therapeutics Hldg closed at $26.33 at the end of the last trading period.

B of A Securities downgraded the previous rating for DLocal Ltd DLO from Buy to Neutral. For the first quarter, DLocal had an EPS of $0.11, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $33.56 and a 52-week-low of $9.04. DLocal closed at $14.35 at the end of the last trading period.

For Southwest Airlines Co LUV, Jefferies downgraded the previous rating of Hold to Underperform. Southwest Airlines earned $1.09 in the second quarter, compared to $1.30 in the year-ago quarter. The stock has a 52-week-high of $40.38 and a 52-week-low of $28.40. At the end of the last trading period, Southwest Airlines closed at $33.37.

Truist Securities downgraded the previous rating for Spirit AeroSystems Holdings Inc SPR from Buy to Hold. Spirit AeroSystems Hldgs earned $1.46 in the second quarter, compared to $1.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.55 and a 52-week-low of $21.15. Spirit AeroSystems Hldgs closed at $22.86 at the end of the last trading period.

For Simon Property Group Inc SPG, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the second quarter, Simon Property Group showed an EPS of $2.88, compared to $2.91 from 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 $124.06.

According to Compass Point, the prior rating for TriplePoint Venture Growth BDC Corp TPVG was changed from Neutral to Sell. TriplePoint Venture Gwth earned $0.53 in the second quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $14.90 and a 52-week-low of $9.41. At the end of the last trading period, TriplePoint Venture Gwth closed at $12.47.

According to TD Cowen, the prior rating for Columbia Sportswear Co COLM was changed from Outperform to Market Perform. For the second quarter, Columbia Sportswear had an EPS of $0.14, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $98.32 and a 52-week-low of $65.22. Columbia Sportswear closed at $74.25 at the end of the last trading period.

According to HC Wainwright & Co., the prior rating for Aravive Inc ARAV was changed from Buy to Neutral. Aravive earned $0.66 in the first quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $2.46 and a 52-week-low of $0.58. At the end of the last trading period, Aravive closed at $1.27.

According to Loop Capital, the prior rating for Procore Technologies Inc PCOR was changed from Buy to Hold. For the second quarter, Procore Technologies had an EPS of $0.02, compared to year-ago quarter EPS of $0.19. The current stock performance of Procore Technologies shows a 52-week-high of $76.86 and a 52-week-low of $41.80. Moreover, at the end of the last trading period, the closing price was at $72.39.

For Claros Mortgage Trust Inc CMTG, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Claros Mortgage Trust earned $0.10 in the second quarter, compared to $0.43 in the year-ago quarter. The current stock performance of Claros Mortgage Trust shows a 52-week-high of $18.90 and a 52-week-low of $10.08. Moreover, at the end of the last trading period, the closing price was at $11.28.

According to Morgan Stanley, the prior rating for American Well Corp AMWL was changed from Overweight to Equal-Weight. American Well earned $0.23 in the second quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $5.42 and a 52-week-low of $1.92. At the end of the last trading period, American Well closed at $2.22.

For Doximity Inc DOCS, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the fourth quarter, Doximity showed an EPS of $0.20, compared to $0.21 from the year-ago quarter. The current stock performance of Doximity shows a 52-week-high of $44.69 and a 52-week-low of $22.92. Moreover, at the end of the last trading period, the closing price was at $34.01.

According to Jefferies, the prior rating for LeMaitre Vascular Inc LMAT was changed from Buy to Hold. LeMaitre Vascular earned $0.37 in the second quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $68.67 and a 52-week-low of $41.79. At the end of the last trading period, LeMaitre Vascular closed at $64.70.

Jefferies downgraded the previous rating for Dorian LPG Ltd LPG from Buy to Hold. Dorian LPG earned $1.21 in the first quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $30.09 and a 52-week-low of $12.91. At the end of the last trading period, Dorian LPG closed at $28.22.

Canaccord Genuity downgraded the previous rating for Staar Surgical Co STAA from Buy to Hold. In the second quarter, Staar Surgical showed an EPS of $0.40, compared to $0.42 from the year-ago quarter. The stock has a 52-week-high of $112.23 and a 52-week-low of $46.41. At the end of the last trading period, Staar Surgical closed at $52.30.

According to JP Morgan, the prior rating for Apellis Pharmaceuticals Inc APLS was changed from Overweight to Neutral. Apellis Pharmaceuticals earned $1.02 in the second quarter, compared to $1.46 in the year-ago quarter. The stock has a 52-week-high of $94.75 and a 52-week-low of $22.73. At the end of the last trading period, Apellis Pharmaceuticals closed at $23.96.

RBC Capital downgraded the previous rating for Thomson Reuters Corp TRI from Outperform to Sector Perform. Thomson Reuters earned $0.84 in the second quarter, compared to $0.62 in the year-ago quarter. The stock has a 52-week-high of $138.85 and a 52-week-low of $101.24. At the end of the last trading period, Thomson Reuters closed at $136.92.

According to RBC Capital, the prior rating for DXC Technology Co DXC was changed from Outperform to Sector Perform. In the first quarter, DXC Technology showed an EPS of $0.63, compared to $0.75 from the year-ago quarter. The current stock performance of DXC Technology shows a 52-week-high of $31.84 and a 52-week-low of $22.11. Moreover, at the end of the last trading period, the closing price was at $27.07.

For Roku Inc ROKU, Citigroup downgraded the previous rating of Buy to Neutral. Roku earned $0.76 in the second quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $98.44 and a 52-week-low of $38.27. At the end of the last trading period, Roku closed at $91.25.

According to B. Riley Securities, the prior rating for SunCoke Energy Inc SXC was changed from Buy to Neutral. SunCoke Energy earned $0.24 in the second quarter, compared to $0.21 in the year-ago quarter. The current stock performance of SunCoke Energy shows a 52-week-high of $10.43 and a 52-week-low of $5.74. Moreover, at the end of the last trading period, the closing price was at $9.82.

B. Riley Securities downgraded the previous rating for Extreme Networks Inc EXTR from Buy to Neutral. Extreme Networks earned $0.33 in the fourth quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Extreme Networks shows a 52-week-high of $30.65 and a 52-week-low of $12.10. Moreover, at the end of the last trading period, the closing price was at $30.22.

Bernstein downgraded the previous rating for Etsy Inc ETSY from Outperform to Market Perform. In the second quarter, Etsy showed an EPS of $0.93, compared to $0.51 from the year-ago quarter. The current stock performance of Etsy shows a 52-week-high of $149.91 and a 52-week-low of $80.44. Moreover, at the end of the last trading period, the closing price was at $96.07.

For International Money Express Inc IMXI, JMP Securities downgraded the previous rating of Market Outperform to Market Perform. IntL Money Express earned $0.50 in the second quarter, compared to $0.47 in the year-ago quarter. At the moment, the stock has a 52-week-high of $28.24 and a 52-week-low of $18.69. IntL Money Express closed at $19.41 at the end of the last trading period.

For Qualcomm Inc QCOM, Deutsche Bank downgraded the previous rating of Buy to Hold. For the third quarter, Qualcomm had an EPS of $1.87, compared to year-ago quarter EPS of $2.96. The stock has a 52-week-high of $152.90 and a 52-week-low of $101.47. At the end of the last trading period, Qualcomm closed at $129.27.

According to BMO Capital, the prior rating for DXC Technology Co DXC was changed from Outperform to Market Perform. In the first quarter, DXC Technology showed an EPS of $0.63, compared to $0.75 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.84 and a 52-week-low of $22.11. DXC Technology closed at $27.07 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for Spirit AeroSystems Holdings Inc SPR from Buy to Neutral. In the second quarter, Spirit AeroSystems Hldgs showed an EPS of $1.46, compared to $1.21 from the year-ago quarter. The current stock performance of Spirit AeroSystems Hldgs shows a 52-week-high of $38.55 and a 52-week-low of $21.15. Moreover, at the end of the last trading period, the closing price was at $22.86.

For Aravive Inc ARAV, BTIG downgraded the previous rating of Buy to Neutral. In the first quarter, Aravive showed an EPS of $0.66, compared to $0.62 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.46 and a 52-week-low of $0.58. Aravive closed at $1.27 at the end of the last trading period.

TD Cowen downgraded the previous rating for Wallbox NV WBX from Outperform to Market Perform. The current stock performance of Wallbox shows a 52-week-high of $10.42 and a 52-week-low of $2.44. Moreover, at the end of the last trading period, the closing price was at $3.69.

Citigroup downgraded the previous rating for Crestwood Equity Partners LP CEQP from Buy to Neutral. Crestwood Equity Partners earned $1.16 in the second quarter, compared to $0.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $31.43 and a 52-week-low of $22.11. Crestwood Equity Partners closed at $27.18 at the end of the last trading period.

For The Vita Coco Co Inc COCO, B of A Securities downgraded the previous rating of Buy to Neutral. Vita Coco earned $0.31 in the second quarter, compared to $0.02 in the year-ago quarter. The current stock performance of Vita Coco shows a 52-week-high of $30.88 and a 52-week-low of $7.43. Moreover, at the end of the last trading period, the closing price was at $25.07.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Stifel initiated coverage on High Tide Inc HITI. The price target seems to have been set at $2.50 for High Tide. High Tide earned $0.03 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of High Tide shows a 52-week-high of $2.23 and a 52-week-low of $1.03. Moreover, at the end of the last trading period, the closing price was at $1.26.

With an Outperform rating, Baird initiated coverage on Immutep Ltd IMMP. The price target seems to have been set at $7.00 for Immutep. NoneThe stock has a 52-week-high of $3.90 and a 52-week-low of $1.50. At the end of the last trading period, Immutep closed at $2.13.

See all analyst ratings initiations.