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

Upgrades

Lake Street upgraded the previous rating for NN Inc NNBR from Hold to Buy. For the second quarter, NN had an EPS of $0.08, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $3.25 and a 52-week-low of $0.97. NN closed at $2.75 at the end of the last trading period.

B of A Securities upgraded the previous rating for Sendas Distribuidora SA ASAI from Neutral to Buy. For the first quarter, Sendas Distribuidora had an EPS of $0.05, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $20.98 and a 52-week-low of $10.44. At the end of the last trading period, Sendas Distribuidora closed at $14.08.

Morgan Stanley upgraded the previous rating for Curtiss-Wright Corp CW from Equal-Weight to Overweight. Curtiss-Wright earned $2.15 in the second quarter, compared to $1.83 in the year-ago quarter. The stock has a 52-week-high of $203.25 and a 52-week-low of $136.41. At the end of the last trading period, Curtiss-Wright closed at $202.35.

UBS upgraded the previous rating for DaVita Inc DVA from Neutral to Buy. DaVita earned $2.08 in the second quarter, compared to $2.30 in the year-ago quarter. The current stock performance of DaVita shows a 52-week-high of $109.59 and a 52-week-low of $65.28. Moreover, at the end of the last trading period, the closing price was at $108.81.

For PG&E Corp PCG, UBS upgraded the previous rating of Neutral to Buy. In the second quarter, PG&E showed an EPS of $0.23, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $18.19 and a 52-week-low of $10.97. At the end of the last trading period, PG&E closed at $17.08.

According to Truist Securities, the prior rating for Camping World Holdings Inc CWH was changed from Hold to Buy. Camping World Holdings earned $0.73 in the second quarter, compared to $2.16 in the year-ago quarter. The current stock performance of Camping World Holdings shows a 52-week-high of $33.98 and a 52-week-low of $18.69. Moreover, at the end of the last trading period, the closing price was at $27.43.

According to TD Cowen, the prior rating for Trinet Group Inc TNET was changed from Market Perform to Outperform. Trinet Group earned $1.74 in the second quarter, compared to $1.72 in the year-ago quarter. The stock has a 52-week-high of $111.85 and a 52-week-low of $60.70. At the end of the last trading period, Trinet Group closed at $104.29.

For Tri Pointe Homes Inc TPH, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. In the second quarter, Tri Pointe Homes showed an EPS of $0.60, compared to $1.33 from the year-ago quarter. The stock has a 52-week-high of $34.04 and a 52-week-low of $14.63. At the end of the last trading period, Tri Pointe Homes closed at $31.64.

According to Compass Point, the prior rating for MidCap Financial Investment Corp MFIC was changed from Neutral to Buy. The stock has a 52-week-high of $13.93 and a 52-week-low of $10.06. At the end of the last trading period, MidCap Financial closed at $13.73.

According to Compass Point, the prior rating for Tanger Factory Outlet Centers Inc SKT was changed from Neutral to Buy. Tanger Factory Outlet earned $0.47 in the second quarter, compared to $0.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.73 and a 52-week-low of $13.26. Tanger Factory Outlet closed at $24.25 at the end of the last trading period.

According to Wells Fargo, the prior rating for DraftKings Inc DKNG was changed from Equal-Weight to Overweight. DraftKings earned $0.14 in the second quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $34.49 and a 52-week-low of $10.70. At the end of the last trading period, DraftKings closed at $31.74.

Guggenheim upgraded the previous rating for Fortinet Inc FTNT from Neutral to Buy. For the second quarter, Fortinet had an EPS of $0.38, compared to year-ago quarter EPS of $0.24. The current stock performance of Fortinet shows a 52-week-high of $81.24 and a 52-week-low of $42.69. Moreover, at the end of the last trading period, the closing price was at $56.77.

Morgan Stanley upgraded the previous rating for Laureate Education Inc LAUR from Equal-Weight to Overweight. In the second quarter, Laureate Education showed an EPS of $0.35, compared to $0.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $13.56 and a 52-week-low of $9.24. Laureate Education closed at $13.39 at the end of the last trading period.

For Ormat Technologies Inc ORA, Roth MKM upgraded the previous rating of Neutral to Buy. In the second quarter, Ormat Technologies showed an EPS of $0.40, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $101.71 and a 52-week-low of $75.56. Ormat Technologies closed at $76.98 at the end of the last trading period.

According to Stifel, the prior rating for SiteOne Landscape Supply Inc SITE was changed from Hold to Buy. SiteOne Landscape Supply earned $2.71 in the second quarter, compared to $3.07 in the year-ago quarter. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $176.16 and a 52-week-low of $97.51. Moreover, at the end of the last trading period, the closing price was at $162.90.

For EchoStar Corp SATS, Raymond James upgraded the previous rating of Outperform to Strong Buy. The current stock performance of EchoStar shows a 52-week-high of $21.06 and a 52-week-low of $14.66. Moreover, at the end of the last trading period, the closing price was at $19.38.

According to Piper Sandler, the prior rating for Monster Beverage Corp MNST was changed from Neutral to Overweight. Monster Beverage earned $0.39 in the second quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Monster Beverage shows a 52-week-high of $60.47 and a 52-week-low of $42.80. Moreover, at the end of the last trading period, the closing price was at $55.11.

According to Redburn Partners, the prior rating for United Airlines Holdings Inc UAL was changed from Neutral to Buy. For the second quarter, United Airlines Holdings had an EPS of $5.03, compared to year-ago quarter EPS of $1.43. At the moment, the stock has a 52-week-high of $58.23 and a 52-week-low of $31.58. United Airlines Holdings closed at $52.37 at the end of the last trading period.

For Wayfair Inc W, UBS upgraded the previous rating of Neutral to Buy. In the second quarter, Wayfair showed an EPS of $0.21, compared to $1.94 from the year-ago quarter. The stock has a 52-week-high of $90.71 and a 52-week-low of $28.13. At the end of the last trading period, Wayfair closed at $83.09.

For Holley Inc HLLY, Telsey Advisory Group upgraded the previous rating of Market Perform to Outperform. Holley earned $0.05 in the first quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $6.65 and a 52-week-low of $1.89. At the end of the last trading period, Holley closed at $6.12.

For Q2 Holdings Inc QTWO, Canaccord Genuity upgraded the previous rating of Hold to Buy. Q2 Holdings earned $0.19 in the second quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.67 and a 52-week-low of $18.91. Q2 Holdings closed at $32.81 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Marathon Digital Holdings Inc MARA, Chardan Capital downgraded the previous rating of Buy to Neutral. In the first quarter, Marathon Digital Holdings showed an EPS of $0.05, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $19.88 and a 52-week-low of $3.12. At the end of the last trading period, Marathon Digital Holdings closed at $15.83.

For Mesoblast Ltd MESO, Maxim Group downgraded the previous rating of Buy to Hold. For the third quarter, Mesoblast had an EPS of $0.13, compared to year-ago quarter EPS of $0.16. The current stock performance of Mesoblast shows a 52-week-high of $5.12 and a 52-week-low of $1.30. Moreover, at the end of the last trading period, the closing price was at $1.64.

Craig-Hallum downgraded the previous rating for MasTec Inc MTZ from Buy to Hold. MasTec earned $0.89 in the second quarter, compared to $0.73 in the year-ago quarter. The current stock performance of MasTec shows a 52-week-high of $123.33 and a 52-week-low of $62.44. Moreover, at the end of the last trading period, the closing price was at $99.56.

For Sage Therapeutics Inc SAGE, Wedbush downgraded the previous rating of Outperform to Neutral. In the second quarter, Sage Therapeutics showed an EPS of $2.68, compared to $2.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $59.99 and a 52-week-low of $32.15. Sage Therapeutics closed at $36.10 at the end of the last trading period.

UBS downgraded the previous rating for FirstEnergy Corp FE from Buy to Neutral. FirstEnergy earned $0.47 in the second quarter, compared to $0.53 in the year-ago quarter. The stock has a 52-week-high of $43.31 and a 52-week-low of $35.61. At the end of the last trading period, FirstEnergy closed at $36.30.

For Nicolet Bankshares Inc NIC, Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. For the second quarter, Nicolet Bankshares had an EPS of $1.53, compared to year-ago quarter EPS of $1.73. The stock has a 52-week-high of $86.00 and a 52-week-low of $51.76. At the end of the last trading period, Nicolet Bankshares closed at $83.78.

Stephens & Co. downgraded the previous rating for Equity Bancshares Inc EQBK from Overweight to Equal-Weight. For the second quarter, Equity Bancshares had an EPS of $0.74, compared to year-ago quarter EPS of $0.94. At the moment, the stock has a 52-week-high of $38.01 and a 52-week-low of $20.50. Equity Bancshares closed at $27.68 at the end of the last trading period.

For Clarivate PLC CLVT, B of A Securities downgraded the previous rating of Neutral to Underperform. Clarivate earned $0.21 in the second quarter, compared to $0.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.99 and a 52-week-low of $6.60. Clarivate closed at $6.84 at the end of the last trading period.

According to BMO Capital, the prior rating for TELUS International (Cda) Inc TIXT was changed from Outperform to Market Perform. In the second quarter, TELUS Intl showed an EPS of $0.17, compared to $0.30 from the year-ago quarter. The stock has a 52-week-high of $31.50 and a 52-week-low of $8.74. At the end of the last trading period, TELUS Intl closed at $9.38.

Guggenheim downgraded the previous rating for Cloudflare Inc NET from Neutral to Sell. In the second quarter, Cloudflare showed an EPS of $0.10, compared to $0.00 from the year-ago quarter. The stock has a 52-week-high of $80.84 and a 52-week-low of $37.38. At the end of the last trading period, Cloudflare closed at $69.52.

For Sage Therapeutics Inc SAGE, RBC Capital downgraded the previous rating of Outperform to Sector Perform. Sage Therapeutics earned $2.68 in the second quarter, compared to $2.13 in the year-ago quarter. The current stock performance of Sage Therapeutics shows a 52-week-high of $59.99 and a 52-week-low of $32.15. Moreover, at the end of the last trading period, the closing price was at $36.10.

For American Airlines Group Inc AAL, Redburn Partners downgraded the previous rating of Buy to Neutral. For the second quarter, American Airlines Group had an EPS of $1.92, compared to year-ago quarter EPS of $0.76. The current stock performance of American Airlines Group shows a 52-week-high of $19.08 and a 52-week-low of $11.65. Moreover, at the end of the last trading period, the closing price was at $15.84.

For Southwest Airlines Co LUV, Redburn Partners downgraded the previous rating of Neutral to Sell. For the second quarter, Southwest Airlines had an EPS of $1.09, compared to year-ago quarter EPS of $1.30. 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 $32.73.

According to BMO Capital, the prior rating for Ingevity Corp NGVT was changed from Outperform to Market Perform. For the second quarter, Ingevity had an EPS of $1.41, compared to year-ago quarter EPS of $1.73. At the moment, the stock has a 52-week-high of $90.81 and a 52-week-low of $46.52. Ingevity closed at $58.16 at the end of the last trading period.

For Sage Therapeutics Inc SAGE, Oppenheimer downgraded the previous rating of Outperform to Perform. In the second quarter, Sage Therapeutics showed an EPS of $2.68, compared to $2.13 from the year-ago quarter. The current stock performance of Sage Therapeutics shows a 52-week-high of $59.99 and a 52-week-low of $32.15. Moreover, at the end of the last trading period, the closing price was at $36.10.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on NAPCO Security Technologies Inc NSSC. The price target seems to have been set at $50.00 for NAPCO Security Techs. NAPCO Security Techs earned $0.29 in the third quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $41.25 and a 52-week-low of $24.26. At the end of the last trading period, NAPCO Security Techs closed at $35.48.

B of A Securities initiated coverage on Fortrea Holdings Inc FTRE with an Underperform rating. The price target for Fortrea Holdings is set to $27.00. At the moment, the stock has a 52-week-high of $37.30 and a 52-week-low of $29.09. Fortrea Holdings closed at $29.77 at the end of the last trading period.

With a Buy rating, EF Hutton initiated coverage on MISTRAS Group Inc MG. The price target seems to have been set at $11.00 for MISTRAS Group. For the second quarter, MISTRAS Group had an EPS of $0.05, compared to year-ago quarter EPS of $0.15. The current stock performance of MISTRAS Group shows a 52-week-high of $8.31 and a 52-week-low of $3.40. Moreover, at the end of the last trading period, the closing price was at $5.59.

With a Buy rating, Benchmark initiated coverage on Global E Online Ltd GLBE. The price target seems to have been set at $50.00 for Global E Online. In the first quarter, Global E Online showed an EPS of $0.26, compared to $0.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.72 and a 52-week-low of $18.15. Global E Online closed at $41.13 at the end of the last trading period.

With a Buy rating, Seaport Global initiated coverage on Pentair PLC PNR. The price target seems to have been set at $88.00 for Pentair. Pentair earned $1.03 in the second quarter, compared to $1.02 in the year-ago quarter. The current stock performance of Pentair shows a 52-week-high of $70.48 and a 52-week-low of $38.60. Moreover, at the end of the last trading period, the closing price was at $69.85.

Seaport Global initiated coverage on A.O. Smith Corp AOS with a Neutral rating. For the second quarter, A.O. Smith had an EPS of $1.01, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of $76.94 and a 52-week-low of $46.59. A.O. Smith closed at $72.64 at the end of the last trading period.

Seaport Global initiated coverage on nVent Electric PLC NVT with a Neutral rating. nVent Electric earned $0.77 in the second quarter, compared to $0.57 in the year-ago quarter. The current stock performance of nVent Electric shows a 52-week-high of $56.34 and a 52-week-low of $30.50. Moreover, at the end of the last trading period, the closing price was at $54.36.

With a Buy rating, Seaport Global initiated coverage on Fortive Corp FTV. The price target seems to have been set at $92.00 for Fortive. For the second quarter, Fortive had an EPS of $0.85, compared to year-ago quarter EPS of $0.78. The current stock performance of Fortive shows a 52-week-high of $78.71 and a 52-week-low of $57.48. Moreover, at the end of the last trading period, the closing price was at $77.38.

With a Buy rating, Seaport Global initiated coverage on AMETEK Inc AME. The price target seems to have been set at $195.00 for AMETEK. In the second quarter, AMETEK showed an EPS of $1.57, compared to $1.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $164.75 and a 52-week-low of $110.90. AMETEK closed at $156.57 at the end of the last trading period.

See all analyst ratings initiations.