Benzinga's Top Ratings Upgrades, Downgrades For August 9, 2023

Upgrades

According to B. Riley Securities, the prior rating for Mirati Therapeutics Inc MRTX was changed from Neutral to Buy. In the second quarter, Mirati Therapeutics showed an EPS of $3.04, compared to $3.18 from the year-ago quarter. The stock has a 52-week-high of $101.20 and a 52-week-low of $27.30. At the end of the last trading period, Mirati Therapeutics closed at $27.80.

B. Riley Securities upgraded the previous rating for Novavax Inc NVAX from Neutral to Buy. In the second quarter, Novavax showed an EPS of $0.58, compared to $6.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $62.74 and a 52-week-low of $5.61. Novavax closed at $7.23 at the end of the last trading period.

WestPark Capital upgraded the previous rating for WM Technology Inc MAPS from Hold to Buy. WM Tech earned $0.01 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $3.62 and a 52-week-low of $0.60. WM Tech closed at $1.20 at the end of the last trading period.

Berenberg upgraded the previous rating for Marqeta Inc MQ from Hold to Buy. For the second quarter, Marqeta had an EPS of $0.11, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $11.28 and a 52-week-low of $3.46. At the end of the last trading period, Marqeta closed at $4.96.

For Chart Industries Inc GTLS, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Chart Industries earned $1.19 in the second quarter, compared to $0.88 in the year-ago quarter. The current stock performance of Chart Industries shows a 52-week-high of $242.00 and a 52-week-low of $101.44. Moreover, at the end of the last trading period, the closing price was at $165.76.

For Golub Capital BDC Inc GBDC, Raymond James upgraded the previous rating of Market Perform to Outperform. Golub Capital BDC earned $0.44 in the third quarter, compared to $0.31 in the year-ago quarter. The current stock performance of Golub Capital BDC shows a 52-week-high of $14.50 and a 52-week-low of $11.95. Moreover, at the end of the last trading period, the closing price was at $14.38.

According to JP Morgan, the prior rating for DraftKings Inc DKNG was changed from Underweight to Neutral. In the second quarter, DraftKings showed an EPS of $0.14, compared to $0.29 from 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 $31.71.

According to Roth MKM, the prior rating for LivePerson Inc LPSN was changed from Neutral to Buy. For the second quarter, LivePerson had an EPS of $0.12, compared to year-ago quarter EPS of $0.98. At the moment, the stock has a 52-week-high of $18.17 and a 52-week-low of $3.19. LivePerson closed at $3.99 at the end of the last trading period.

For Equinor ASA EQNR, RBC Capital upgraded the previous rating of Sector Perform to Outperform. Equinor earned $0.73 in the second quarter, compared to $1.56 in the year-ago quarter. The current stock performance of Equinor shows a 52-week-high of $42.53 and a 52-week-low of $25.23. Moreover, at the end of the last trading period, the closing price was at $30.86.

According to Jefferies, the prior rating for Eli Lilly and Co LLY was changed from Hold to Buy. For the second quarter, Eli Lilly had an EPS of $2.11, compared to year-ago quarter EPS of $1.25. The current stock performance of Eli Lilly shows a 52-week-high of $538.00 and a 52-week-low of $296.34. Moreover, at the end of the last trading period, the closing price was at $521.60.

According to Barclays, the prior rating for DISH Network Corp DISH was changed from Underweight to Equal-Weight. In the second quarter, DISH Network showed an EPS of $0.31, compared to $0.82 from the year-ago quarter. The current stock performance of DISH Network shows a 52-week-high of $20.35 and a 52-week-low of $5.83. Moreover, at the end of the last trading period, the closing price was at $8.37.

See all analyst ratings upgrades.

Downgrades

RBC Capital downgraded the previous rating for Calamos Global Dynamic Income Fund CHW from Sector Perform to Underperform. The stock has a 52-week-high of $7.87 and a 52-week-low of $5.33. At the end of the last trading period, Calamos Glb Dynamic closed at $6.09.

According to HC Wainwright & Co., the prior rating for Decibel Therapeutics Inc DBTX was changed from Buy to Neutral. For the first quarter, Decibel Therapeutics had an EPS of $0.53, compared to year-ago quarter EPS of $0.56. The current stock performance of Decibel Therapeutics shows a 52-week-high of $5.68 and a 52-week-low of $1.61. Moreover, at the end of the last trading period, the closing price was at $2.79.

Northland Capital Markets downgraded the previous rating for Vitesse Energy Inc VTS from Outperform to Market Perform. Vitesse Energy earned $0.35 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.39 and a 52-week-low of $13.90. Vitesse Energy closed at $24.81 at the end of the last trading period.

According to BTIG, the prior rating for WeWork Inc WE was changed from Buy to Neutral. For the second quarter, WeWork had an EPS of $0.21, compared to year-ago quarter EPS of $0.76. At the moment, the stock has a 52-week-high of $5.93 and a 52-week-low of $0.16. WeWork closed at $0.21 at the end of the last trading period.

According to Macquarie, the prior rating for PubMatic Inc PUBM was changed from Outperform to Neutral. For the second quarter, PubMatic had an EPS of $0.02, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $23.59 and a 52-week-low of $11.73. At the end of the last trading period, PubMatic closed at $18.56.

Stephens & Co. downgraded the previous rating for Stagwell Inc STGW from Overweight to Equal-Weight. Stagwell earned $0.16 in the second quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Stagwell shows a 52-week-high of $9.23 and a 52-week-low of $5.16. Moreover, at the end of the last trading period, the closing price was at $6.45.

Ladenburg Thalmann downgraded the previous rating for WhiteHorse Finance Inc WHF from Buy to Neutral. For the second quarter, WhiteHorse Finance had an EPS of $0.46, compared to year-ago quarter EPS of $0.33. The current stock performance of WhiteHorse Finance shows a 52-week-high of $15.19 and a 52-week-low of $10.68. Moreover, at the end of the last trading period, the closing price was at $13.10.

For SciPlay Corp SCPL, Wedbush downgraded the previous rating of Outperform to Neutral. In the second quarter, SciPlay showed an EPS of $0.25, compared to $0.23 from the year-ago quarter. The current stock performance of SciPlay shows a 52-week-high of $20.19 and a 52-week-low of $10.69. Moreover, at the end of the last trading period, the closing price was at $19.65.

According to Northcoast Research, the prior rating for Shake Shack Inc SHAK was changed from Buy to Neutral. In the second quarter, Shake Shack showed an EPS of $0.18, compared to $0.00 from the year-ago quarter. The current stock performance of Shake Shack shows a 52-week-high of $80.58 and a 52-week-low of $40.83. Moreover, at the end of the last trading period, the closing price was at $79.00.

According to Craig-Hallum, the prior rating for 8x8 Inc EGHT was changed from Buy to Hold. In the first quarter, 8x8 showed an EPS of $0.13, compared to $0.09 from the year-ago quarter. The current stock performance of 8x8 shows a 52-week-high of $6.49 and a 52-week-low of $2.50. Moreover, at the end of the last trading period, the closing price was at $4.21.

Guggenheim downgraded the previous rating for Doximity Inc DOCS from Buy to Neutral. For the first quarter, Doximity had an EPS of $0.19, compared to year-ago quarter EPS of $0.14. The current stock performance of Doximity shows a 52-week-high of $43.08 and a 52-week-low of $22.92. Moreover, at the end of the last trading period, the closing price was at $32.79.

According to Loop Capital, the prior rating for Expensify Inc EXFY was changed from Buy to Hold. For the second quarter, Expensify had an EPS of $0.01, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $25.36 and a 52-week-low of $5.67. Expensify closed at $5.92 at the end of the last trading period.

According to Loop Capital, the prior rating for United Parcel Service Inc UPS was changed from Buy to Hold. For the second quarter, United Parcel Service had an EPS of $2.54, compared to year-ago quarter EPS of $3.29. The current stock performance of United Parcel Service shows a 52-week-high of $209.34 and a 52-week-low of $154.91. Moreover, at the end of the last trading period, the closing price was at $180.55.

According to Goldman Sachs, the prior rating for International Flavors & Fragrances Inc IFF was changed from Buy to Neutral. In the second quarter, Intl Flavors & Fragrances showed an EPS of $0.86, compared to $1.54 from the year-ago quarter. The stock has a 52-week-high of $129.17 and a 52-week-low of $62.28. At the end of the last trading period, Intl Flavors & Fragrances closed at $64.78.

UBS downgraded the previous rating for United Parcel Service Inc UPS from Buy to Neutral. United Parcel Service earned $2.54 in the second quarter, compared to $3.29 in the year-ago quarter. The stock has a 52-week-high of $209.34 and a 52-week-low of $154.91. At the end of the last trading period, United Parcel Service closed at $180.55.

Oppenheimer downgraded the previous rating for PubMatic Inc PUBM from Outperform to Perform. For the second quarter, PubMatic had an EPS of $0.02, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $23.59 and a 52-week-low of $11.73. PubMatic closed at $18.56 at the end of the last trading period.

Deutsche Bank downgraded the previous rating for Coupang Inc CPNG from Buy to Hold. Coupang earned $0.08 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.38 and a 52-week-low of $12.66. Coupang closed at $17.89 at the end of the last trading period.

For Doximity Inc DOCS, Needham downgraded the previous rating of Buy to Hold. Doximity earned $0.19 in the first quarter, compared to $0.14 in the year-ago quarter. The current stock performance of Doximity shows a 52-week-high of $43.08 and a 52-week-low of $22.92. Moreover, at the end of the last trading period, the closing price was at $32.79.

For Olaplex Holdings Inc OLPX, Telsey Advisory Group downgraded the previous rating of Outperform to Market Perform. For the second quarter, Olaplex Hldgs had an EPS of $0.03, compared to year-ago quarter EPS of $0.14. The current stock performance of Olaplex Hldgs shows a 52-week-high of $17.22 and a 52-week-low of $2.69. Moreover, at the end of the last trading period, the closing price was at $3.23.

According to JP Morgan, the prior rating for Celanese Corp CE was changed from Overweight to Neutral. In the second quarter, Celanese showed an EPS of $2.17, compared to $4.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $128.50 and a 52-week-low of $86.73. Celanese closed at $125.33 at the end of the last trading period.

According to Daiwa Capital, the prior rating for Qualcomm Inc QCOM was changed from Buy to Outperform. For the third quarter, Qualcomm had an EPS of $1.87, compared to year-ago quarter EPS of $2.96. At the moment, the stock has a 52-week-high of $152.90 and a 52-week-low of $101.47. Qualcomm closed at $117.66 at the end of the last trading period.

According to RBC Capital, the prior rating for AerSale Corp ASLE was changed from Outperform to Sector Perform. For the second quarter, AerSale had an EPS of $0.03, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $21.74 and a 52-week-low of $13.73. At the end of the last trading period, AerSale closed at $14.60.

For ZipRecruiter Inc ZIP, Evercore ISI Group downgraded the previous rating of Outperform to Neutral. ZipRecruiter earned $0.14 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $24.05 and a 52-week-low of $13.68. At the end of the last trading period, ZipRecruiter closed at $17.39.

For 2U Inc TWOU, Baird downgraded the previous rating of Outperform to Neutral. For the second quarter, 2U had an EPS of $0.18, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $13.15 and a 52-week-low of $3.34. At the end of the last trading period, 2U closed at $4.28.

According to Baird, the prior rating for Lulus Fashion Lounge Holdings Inc LVLU was changed from Outperform to Neutral. Lulus Fashion Lounge earned $0.07 in the second quarter, compared to $0.15 in the year-ago quarter. The current stock performance of Lulus Fashion Lounge shows a 52-week-high of $8.15 and a 52-week-low of $1.90. Moreover, at the end of the last trading period, the closing price was at $2.45.

Piper Sandler downgraded the previous rating for Sovos Brands Inc SOVO from Overweight to Neutral. At the moment, the stock has a 52-week-high of $22.63 and a 52-week-low of $12.74. Sovos Brands closed at $22.52 at the end of the last trading period.

According to JP Morgan, the prior rating for Western Midstream Partners LP WES was changed from Overweight to Neutral. In the second quarter, Western Midstream showed an EPS of $0.64, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $29.11 and a 52-week-low of $23.24. At the end of the last trading period, Western Midstream closed at $27.98.

For SciPlay Corp SCPL, DA Davidson downgraded the previous rating of Buy to Neutral. In the second quarter, SciPlay showed an EPS of $0.25, compared to $0.23 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.19 and a 52-week-low of $10.69. SciPlay closed at $19.65 at the end of the last trading period.

According to Wolfe Research, the prior rating for Bentley Systems Inc BSY was changed from Outperform to Peer Perform. For the second quarter, Bentley Systems had an EPS of $0.24, compared to year-ago quarter EPS of $0.22. The current stock performance of Bentley Systems shows a 52-week-high of $55.37 and a 52-week-low of $30.51. Moreover, at the end of the last trading period, the closing price was at $50.65.

Roth MKM downgraded the previous rating for Veritone Inc VERI from Neutral to Sell. For the second quarter, Veritone had an EPS of $0.35, compared to year-ago quarter EPS of $0.20. The current stock performance of Veritone shows a 52-week-high of $10.99 and a 52-week-low of $2.98. Moreover, at the end of the last trading period, the closing price was at $4.00.

JMP Securities downgraded the previous rating for Expensify Inc EXFY from Market Outperform to Market Perform. In the second quarter, Expensify showed an EPS of $0.01, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.36 and a 52-week-low of $5.67. Expensify closed at $5.92 at the end of the last trading period.

Stifel downgraded the previous rating for Datadog Inc DDOG from Buy to Hold. Datadog earned $0.36 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $120.71 and a 52-week-low of $61.34. At the end of the last trading period, Datadog closed at $88.04.

For Morphic Holding Inc MORF, Stifel downgraded the previous rating of Buy to Hold. For the second quarter, Morphic Holding had an EPS of $0.92, compared to year-ago quarter EPS of $0.68. 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 $58.26.

For Thoughtworks Holding Inc TWKS, RBC Capital downgraded the previous rating of Outperform to Sector Perform. For the second quarter, Thoughtworks Holding had an EPS of $0.03, compared to year-ago quarter EPS of $0.11. The current stock performance of Thoughtworks Holding shows a 52-week-high of $17.44 and a 52-week-low of $4.60. Moreover, at the end of the last trading period, the closing price was at $5.21.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Ladenburg Thalmann initiated coverage on Southern Co SO. The price target seems to have been set at $72.00 for Southern. For the second quarter, Southern had an EPS of $0.79, compared to year-ago quarter EPS of $1.07. At the moment, the stock has a 52-week-high of $80.52 and a 52-week-low of $58.85. Southern closed at $68.81 at the end of the last trading period.

Maxim Group initiated coverage on Aytu BioPharma Inc AYTU with a Buy rating. The price target for Aytu BioPharma is set to $5.00. For the third quarter, Aytu BioPharma had an EPS of $1.93, compared to year-ago quarter EPS of $5.40. The current stock performance of Aytu BioPharma shows a 52-week-high of $12.10 and a 52-week-low of $1.38. Moreover, at the end of the last trading period, the closing price was at $1.64.

With a Buy rating, HC Wainwright & Co. initiated coverage on Phathom Pharmaceuticals Inc PHAT. The price target seems to have been set at $28.00 for Phathom Pharmaceuticals. Phathom Pharmaceuticals earned $0.89 in the first quarter, compared to $1.07 in the year-ago quarter. The current stock performance of Phathom Pharmaceuticals shows a 52-week-high of $15.60 and a 52-week-low of $5.84. Moreover, at the end of the last trading period, the closing price was at $14.72.

Stifel initiated coverage on RAPT Therapeutics Inc RAPT with a Buy rating. The price target for RAPT Therapeutics is set to $40.00. For the first quarter, RAPT Therapeutics had an EPS of $0.76, compared to year-ago quarter EPS of $0.69. The current stock performance of RAPT Therapeutics shows a 52-week-high of $32.22 and a 52-week-low of $15.66. Moreover, at the end of the last trading period, the closing price was at $22.58.

See all analyst ratings initiations.