Benzinga's Top Ratings Upgrades, Downgrades For August 4, 2023

Upgrades

Citigroup upgraded the previous rating for Telephone and Data Systems Inc TDS from Neutral to Buy. In the second quarter, Telephone and Data showed an EPS of $0.17, compared to $0.15 from the year-ago quarter. The current stock performance of Telephone and Data shows a 52-week-high of $17.41 and a 52-week-low of $6.43. Moreover, at the end of the last trading period, the closing price was at $7.90.

According to Jefferies, the prior rating for BioCryst Pharmaceuticals Inc BCRX was changed from Hold to Buy. BioCryst Pharma earned $0.24 in the second quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $15.43 and a 52-week-low of $6.78. BioCryst Pharma closed at $7.08 at the end of the last trading period.

Janney Montgomery Scott upgraded the previous rating for Generac Holdings Inc GNRC from Neutral to Buy. Generac Hldgs earned $1.08 in the second quarter, compared to $2.99 in the year-ago quarter. The stock has a 52-week-high of $281.95 and a 52-week-low of $86.29. At the end of the last trading period, Generac Hldgs closed at $110.77.

According to Rosenblatt, the prior rating for Amazon.com Inc AMZN was changed from Neutral to Buy. Amazon.com earned $0.63 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $146.57 and a 52-week-low of $81.43. At the end of the last trading period, Amazon.com closed at $128.91.

Raymond James upgraded the previous rating for Shake Shack Inc SHAK from Market Perform to Outperform. Shake Shack earned $0.18 in the second quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $80.58 and a 52-week-low of $40.83. At the end of the last trading period, Shake Shack closed at $74.67.

JP Morgan upgraded the previous rating for BRF SA BRFS from Neutral to Overweight. For the first quarter, BRF had an EPS of $0.18, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $3.42 and a 52-week-low of $1.05. At the end of the last trading period, BRF closed at $1.99.

Baird upgraded the previous rating for BWX Technologies Inc BWXT from Neutral to Outperform. In the second quarter, BWX Technologies showed an EPS of $0.65, compared to $0.82 from the year-ago quarter. The current stock performance of BWX Technologies shows a 52-week-high of $71.94 and a 52-week-low of $49.14. Moreover, at the end of the last trading period, the closing price was at $68.62.

For Wayfair Inc W, Stephens & Co. upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Wayfair had an EPS of $0.21, compared to year-ago quarter EPS of $1.94. The current stock performance of Wayfair shows a 52-week-high of $90.71 and a 52-week-low of $28.13. Moreover, at the end of the last trading period, the closing price was at $84.67.

For FMC Corp FMC, Credit Suisse upgraded the previous rating of Underperform to Neutral. For the second quarter, FMC had an EPS of $0.50, compared to year-ago quarter EPS of $1.93. The current stock performance of FMC shows a 52-week-high of $134.38 and a 52-week-low of $88.77. Moreover, at the end of the last trading period, the closing price was at $90.99.

According to Stifel, the prior rating for Lamb Weston Holdings Inc LW was changed from Hold to Buy. Lamb Weston Hldgs earned $1.22 in the fourth quarter, compared to $0.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $117.38 and a 52-week-low of $74.93. Lamb Weston Hldgs closed at $102.21 at the end of the last trading period.

Truist Securities upgraded the previous rating for Generac Holdings Inc GNRC from Hold to Buy. In the second quarter, Generac Hldgs showed an EPS of $1.08, compared to $2.99 from the year-ago quarter. The stock has a 52-week-high of $281.95 and a 52-week-low of $86.29. At the end of the last trading period, Generac Hldgs closed at $110.77.

Wolfe Research upgraded the previous rating for Remitly Global Inc RELY from Peer Perform to Outperform. For the second quarter, Remitly Global had an EPS of $0.11, compared to year-ago quarter EPS of $0.23. The current stock performance of Remitly Global shows a 52-week-high of $24.51 and a 52-week-low of $8.94. Moreover, at the end of the last trading period, the closing price was at $22.03.

For Applied Optoelectronics Inc AAOI, B. Riley Securities upgraded the previous rating of Neutral to Buy. Applied Optoelectronics earned $0.21 in the second quarter, compared to $0.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.48 and a 52-week-low of $1.60. Applied Optoelectronics closed at $6.59 at the end of the last trading period.

For Shopify Inc SHOP, DZ Bank upgraded the previous rating of Sell to Hold. Shopify earned $0.14 in the second quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.43 and a 52-week-low of $23.64. Shopify closed at $59.04 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Northland Capital Markets downgraded the previous rating for Clearfield Inc CLFD from Outperform to Market Perform. Clearfield earned $0.33 in the third quarter, compared to $0.92 in the year-ago quarter. At the moment, the stock has a 52-week-high of $134.89 and a 52-week-low of $30.00. Clearfield closed at $45.12 at the end of the last trading period.

According to Raymond James, the prior rating for Profound Medical Corp PROF was changed from Strong Buy to Outperform. For the first quarter, Profound Medical had an EPS of $0.32, compared to year-ago quarter EPS of $0.40. The current stock performance of Profound Medical shows a 52-week-high of $15.49 and a 52-week-low of $3.10. Moreover, at the end of the last trading period, the closing price was at $10.12.

William Blair downgraded the previous rating for Mesoblast Ltd MESO from Outperform to Market Perform. In the third quarter, Mesoblast showed an EPS of $0.13, compared to $0.16 from the year-ago quarter. The current stock performance of Mesoblast shows a 52-week-high of $5.12 and a 52-week-low of $2.54. Moreover, at the end of the last trading period, the closing price was at $3.99.

According to Citigroup, the prior rating for Tandem Diabetes Care Inc TNDM was changed from Buy to Neutral. For the second quarter, Tandem Diabetes Care had an EPS of $0.30, compared to year-ago quarter EPS of $0.24. The current stock performance of Tandem Diabetes Care shows a 52-week-high of $70.74 and a 52-week-low of $23.60. Moreover, at the end of the last trading period, the closing price was at $31.99.

Raymond James downgraded the previous rating for Mercer International Inc MERC from Outperform to Market Perform. Mercer Intl earned $1.48 in the second quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $17.37 and a 52-week-low of $7.37. At the end of the last trading period, Mercer Intl closed at $8.36.

Craig-Hallum downgraded the previous rating for Entegris Inc ENTG from Buy to Hold. For the second quarter, Entegris had an EPS of $0.66, compared to year-ago quarter EPS of $1.00. At the moment, the stock has a 52-week-high of $114.47 and a 52-week-low of $61.77. Entegris closed at $102.74 at the end of the last trading period.

For Axcelis Technologies Inc ACLS, Craig-Hallum downgraded the previous rating of Buy to Hold. Axcelis Technologies earned $1.86 in the second quarter, compared to $1.32 in the year-ago quarter. The current stock performance of Axcelis Technologies shows a 52-week-high of $201.00 and a 52-week-low of $49.79. Moreover, at the end of the last trading period, the closing price was at $186.61.

Northcoast Research downgraded the previous rating for Mueller Water Products, Inc. MWA from Buy to Neutral. In the third quarter, Mueller Water Products showed an EPS of $0.18, compared to $0.19 from the year-ago quarter. The current stock performance of Mueller Water Products shows a 52-week-high of $16.62 and a 52-week-low of $9.90. Moreover, at the end of the last trading period, the closing price was at $15.87.

TD Cowen downgraded the previous rating for Fortinet Inc FTNT from Outperform to Market Perform. For the second quarter, Fortinet had an EPS of $0.38, compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $81.24 and a 52-week-low of $42.69. At the end of the last trading period, Fortinet closed at $75.76.

For PayPal Holdings Inc PYPL, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. In the second quarter, PayPal Holdings showed an EPS of $1.16, compared to $0.93 from the year-ago quarter. The stock has a 52-week-high of $103.02 and a 52-week-low of $58.95. At the end of the last trading period, PayPal Holdings closed at $64.18.

According to B of A Securities, the prior rating for AMN Healthcare Services Inc AMN was changed from Buy to Neutral. In the second quarter, AMN Healthcare Services showed an EPS of $2.38, compared to $3.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $128.99 and a 52-week-low of $81.15. AMN Healthcare Services closed at $101.68 at the end of the last trading period.

For Moderna Inc MRNA, TD Cowen downgraded the previous rating of Outperform to Market Perform. In the second quarter, Moderna showed an EPS of $3.62, compared to $5.24 from the year-ago quarter. The stock has a 52-week-high of $217.20 and a 52-week-low of $108.26. At the end of the last trading period, Moderna closed at $109.95.

Wells Fargo downgraded the previous rating for Clarivate PLC CLVT from Overweight to Equal-Weight. In the second quarter, Clarivate showed an EPS of $0.21, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $14.99 and a 52-week-low of $6.94. At the end of the last trading period, Clarivate closed at $6.98.

According to Piper Sandler, the prior rating for Mesoblast Ltd MESO was changed from Overweight to Neutral. In the third quarter, Mesoblast showed an EPS of $0.13, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $5.12 and a 52-week-low of $2.54. At the end of the last trading period, Mesoblast closed at $3.99.

For Horizon Technology Finance Corp HRZN, Compass Point downgraded the previous rating of Neutral to Sell. In the second quarter, Horizon Tech Finance showed an EPS of $0.54, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $13.95 and a 52-week-low of $9.68. Horizon Tech Finance closed at $13.19 at the end of the last trading period.

According to Citigroup, the prior rating for MediaAlpha Inc MAX was changed from Neutral to Sell. In the second quarter, MediaAlpha showed an EPS of $0.32, compared to $0.22 from the year-ago quarter. The current stock performance of MediaAlpha shows a 52-week-high of $17.01 and a 52-week-low of $5.08. Moreover, at the end of the last trading period, the closing price was at $9.41.

Rosenblatt downgraded the previous rating for Apple Inc AAPL from Buy to Neutral. Apple earned $1.26 in the third quarter, compared to $1.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $198.23 and a 52-week-low of $124.17. Apple closed at $191.17 at the end of the last trading period.

For Outfront Media Inc OUT, JP Morgan downgraded the previous rating of Overweight to Neutral. For the second quarter, Outfront Media had an EPS of $0.18, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $21.65 and a 52-week-low of $13.82. At the end of the last trading period, Outfront Media closed at $14.51.

Oppenheimer downgraded the previous rating for Outfront Media Inc OUT from Outperform to Perform. In the second quarter, Outfront Media showed an EPS of $0.18, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $21.65 and a 52-week-low of $13.82. At the end of the last trading period, Outfront Media closed at $14.51.

For CareCloud Inc CCLD, Roth MKM downgraded the previous rating of Buy to Neutral. In the second quarter, CareCloud showed an EPS of $0.09, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $5.34 and a 52-week-low of $2.50. CareCloud closed at $2.87 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

B. Riley Securities initiated coverage on Fathom Holdings Inc FTHM with a Buy rating. The price target for Fathom Holdings is set to $12.00. Fathom Holdings earned $0.36 in the first quarter, compared to $0.37 in the year-ago quarter. The current stock performance of Fathom Holdings shows a 52-week-high of $8.35 and a 52-week-low of $3.25. Moreover, at the end of the last trading period, the closing price was at $7.70.

With an Outperform rating, SVB Leerink initiated coverage on NovoCure Ltd NVCR. The price target seems to have been set at $51.00 for NovoCure. In the second quarter, NovoCure showed an EPS of $0.54, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $120.03 and a 52-week-low of $29.09. NovoCure closed at $29.10 at the end of the last trading period.

See all analyst ratings initiations.