Benzinga's Top Ratings Upgrades, Downgrades For August 10, 2023

Upgrades

For Roblox Corp RBLX, Wedbush upgraded the previous rating of Neutral to Outperform. Roblox earned $0.46 in the second quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.87 and a 52-week-low of $25.33. Roblox closed at $29.46 at the end of the last trading period.

DA Davidson upgraded the previous rating for GoodRx Holdings Inc GDRX from Neutral to Buy. In the second quarter, GoodRx Holdings showed an EPS of $0.07, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.36 and a 52-week-low of $3.83. GoodRx Holdings closed at $7.94 at the end of the last trading period.

For ADC Therapeutics SA ADCT, JP Morgan upgraded the previous rating of Underweight to Neutral. In the second quarter, ADC Therapeutics showed an EPS of $0.37, compared to $0.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.40 and a 52-week-low of $1.22. ADC Therapeutics closed at $1.50 at the end of the last trading period.

Wells Fargo upgraded the previous rating for Essex Property Trust Inc ESS from Underweight to Equal-Weight. Essex Property Trust earned $3.77 in the second quarter, compared to $3.68 in the year-ago quarter. At the moment, the stock has a 52-week-high of $300.31 and a 52-week-low of $195.03. Essex Property Trust closed at $241.32 at the end of the last trading period.

Raymond James upgraded the previous rating for Harmonic Inc HLIT from Outperform to Strong Buy. Harmonic earned $0.12 in the second quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $18.43 and a 52-week-low of $9.96. At the end of the last trading period, Harmonic closed at $10.12.

Citigroup upgraded the previous rating for Mirati Therapeutics Inc MRTX from Neutral to Buy. For the second quarter, Mirati Therapeutics had an EPS of $3.04, compared to year-ago quarter EPS of $3.18. At the moment, the stock has a 52-week-high of $101.20 and a 52-week-low of $27.30. Mirati Therapeutics closed at $37.00 at the end of the last trading period.

For Kornit Digital Ltd KRNT, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Kornit Digital had an EPS of $0.15, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $37.38 and a 52-week-low of $16.19. Kornit Digital closed at $22.23 at the end of the last trading period.

According to Jefferies, the prior rating for Global Payments Inc GPN was changed from Hold to Buy. Global Payments earned $2.62 in the second quarter, compared to $2.36 in the year-ago quarter. The stock has a 52-week-high of $136.88 and a 52-week-low of $92.28. At the end of the last trading period, Global Payments closed at $124.04.

Morgan Stanley upgraded the previous rating for Southern Co SO from Underweight to Equal-Weight. Southern earned $0.79 in the second quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $80.52 and a 52-week-low of $58.85. Southern closed at $69.19 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Roblox Corp RBLX from Underweight to Equal-Weight. In the second quarter, Roblox showed an EPS of $0.46, compared to $0.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $53.87 and a 52-week-low of $25.33. Roblox closed at $29.46 at the end of the last trading period.

According to Stifel, the prior rating for Deciphera Pharmaceuticals Inc DCPH was changed from Hold to Buy. Deciphera Pharmaceuticals earned $0.57 in the second quarter, compared to $0.60 in the year-ago quarter. At the moment, the stock has a 52-week-high of $22.76 and a 52-week-low of $12.73. Deciphera Pharmaceuticals closed at $13.74 at the end of the last trading period.

For Gulfport Energy Corp GPOR, Keybanc upgraded the previous rating of Sector Weight to Overweight. In the second quarter, Gulfport Energy showed an EPS of $2.66, compared to $5.09 from the year-ago quarter. The stock has a 52-week-high of $112.60 and a 52-week-low of $60.15. At the end of the last trading period, Gulfport Energy closed at $112.59.

See all analyst ratings upgrades.

Downgrades

RBC Capital downgraded the previous rating for Calamos Global Dynamic Income Fund CHW from Sector Perform to Underperform. At the moment, the stock has a 52-week-high of $7.87 and a 52-week-low of $5.33. Calamos Glb Dynamic closed at $6.10 at the end of the last trading period.

Northland Capital Markets downgraded the previous rating for Avid Technology Inc AVID from Outperform to Market Perform. Avid Technology earned $0.22 in the second quarter, compared to $0.26 in the year-ago quarter. The stock has a 52-week-high of $33.41 and a 52-week-low of $19.78. At the end of the last trading period, Avid Technology closed at $26.55.

For Avid Technology Inc AVID, B. Riley Securities downgraded the previous rating of Buy to Neutral. In the second quarter, Avid Technology showed an EPS of $0.22, compared to $0.26 from the year-ago quarter. The stock has a 52-week-high of $33.41 and a 52-week-low of $19.78. At the end of the last trading period, Avid Technology closed at $26.55.

BMO Capital downgraded the previous rating for Equifax Inc EFX from Outperform to Market Perform. For the second quarter, Equifax had an EPS of $1.71, compared to year-ago quarter EPS of $2.09. The stock has a 52-week-high of $240.35 and a 52-week-low of $146.12. At the end of the last trading period, Equifax closed at $198.29.

Canaccord Genuity downgraded the previous rating for Stantec Inc STN from Buy to Hold. Stantec earned $0.74 in the second quarter, compared to $0.65 in the year-ago quarter. The stock has a 52-week-high of $69.02 and a 52-week-low of $43.10. At the end of the last trading period, Stantec closed at $66.56.

Roth MKM downgraded the previous rating for Plug Power Inc PLUG from Buy to Neutral. In the second quarter, Plug Power showed an EPS of $0.40, 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 $7.39. At the end of the last trading period, Plug Power closed at $10.75.

For Aqua Metals Inc AQMS, Oppenheimer downgraded the previous rating of Outperform to Perform. For the second quarter, Aqua Metals had an EPS of $0.06, compared to year-ago quarter EPS of $0.04. The current stock performance of Aqua Metals shows a 52-week-high of $1.76 and a 52-week-low of $0.50. Moreover, at the end of the last trading period, the closing price was at $1.13.

For Certara Inc CERT, William Blair downgraded the previous rating of Outperform to Market Perform. For the second quarter, Certara had an EPS of $0.12, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $24.96 and a 52-week-low of $10.61. At the end of the last trading period, Certara closed at $17.92.

According to B of A Securities, the prior rating for Crown Castle Inc CCI was changed from Buy to Neutral. For the second quarter, Crown Castle had an EPS of $2.05, compared to year-ago quarter EPS of $1.80. At the moment, the stock has a 52-week-high of $184.77 and a 52-week-low of $102.19. Crown Castle closed at $104.63 at the end of the last trading period.

B of A Securities downgraded the previous rating for SBA Communications Corp SBAC from Buy to Neutral. In the second quarter, SBA Comms showed an EPS of $1.87, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $356.47 and a 52-week-low of $214.51. SBA Comms closed at $227.71 at the end of the last trading period.

According to Craig-Hallum, the prior rating for PENN Entertainment Inc PENN was changed from Buy to Hold. In the second quarter, PENN Entertainment showed an EPS of $0.48, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $39.35 and a 52-week-low of $22.96. PENN Entertainment closed at $27.10 at the end of the last trading period.

For Sunlight Financial Holdings Inc SUNL, TD Cowen downgraded the previous rating of Outperform to Market Perform. The current stock performance of Sunlight Finl Hldgs shows a 52-week-high of $4.73 and a 52-week-low of $0.25. Moreover, at the end of the last trading period, the closing price was at $0.39.

According to Roth MKM, the prior rating for CEVA Inc CEVA was changed from Buy to Neutral. CEVA earned $0.02 in the second quarter, compared to $0.18 in the year-ago quarter. The current stock performance of CEVA shows a 52-week-high of $36.29 and a 52-week-low of $20.52. Moreover, at the end of the last trading period, the closing price was at $22.06.

JP Morgan downgraded the previous rating for TaskUs Inc TASK from Overweight to Neutral. TaskUs earned $0.32 in the second quarter, compared to $0.38 in the year-ago quarter. The current stock performance of TaskUs shows a 52-week-high of $24.00 and a 52-week-low of $10.37. Moreover, at the end of the last trading period, the closing price was at $11.98.

Craig-Hallum downgraded the previous rating for Kulicke & Soffa Industries Inc KLIC from Buy to Hold. For the third quarter, Kulicke & Soffa Indus had an EPS of $0.55, compared to year-ago quarter EPS of $2.09. The stock has a 52-week-high of $60.20 and a 52-week-low of $36.00. At the end of the last trading period, Kulicke & Soffa Indus closed at $54.41.

According to HSBC, the prior rating for Petroleo Brasileiro SA Petrobras PBR was changed from Buy to Hold. Petrobras Brasileiro earned $0.90 in the second quarter, compared to $1.68 in the year-ago quarter. The current stock performance of Petrobras Brasileiro shows a 52-week-high of $16.32 and a 52-week-low of $8.88. Moreover, at the end of the last trading period, the closing price was at $13.60.

For Agiliti Inc AGTI, Raymond James downgraded the previous rating of Outperform to Market Perform. Agiliti earned $0.14 in the second quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $20.11 and a 52-week-low of $11.81. Agiliti closed at $12.27 at the end of the last trading period.

For Petroleo Brasileiro SA Petrobras PBR, Citigroup downgraded the previous rating of Buy to Neutral. For the second quarter, Petrobras Brasileiro had an EPS of $0.90, compared to year-ago quarter EPS of $1.68. At the moment, the stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. Petrobras Brasileiro closed at $13.60 at the end of the last trading period.

DA Davidson downgraded the previous rating for OneSpan Inc OSPN from Buy to Neutral. OneSpan earned $0.18 in the second quarter, compared to $0.10 in the year-ago quarter. The current stock performance of OneSpan shows a 52-week-high of $19.25 and a 52-week-low of $8.16. Moreover, at the end of the last trading period, the closing price was at $13.33.

Piper Sandler downgraded the previous rating for Galera Therapeutics Inc GRTX from Overweight to Neutral. For the first quarter, Galera Therapeutics had an EPS of $0.50, compared to year-ago quarter EPS of $0.58. The stock has a 52-week-high of $3.59 and a 52-week-low of $1.16. At the end of the last trading period, Galera Therapeutics closed at $2.24.

For TaskUs Inc TASK, RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the second quarter, TaskUs showed an EPS of $0.32, compared to $0.38 from the year-ago quarter. The current stock performance of TaskUs shows a 52-week-high of $24.00 and a 52-week-low of $10.37. Moreover, at the end of the last trading period, the closing price was at $11.98.

According to RBC Capital, the prior rating for Sylvamo Corp SLVM was changed from Outperform to Sector Perform. For the second quarter, Sylvamo had an EPS of $1.14, compared to year-ago quarter EPS of $2.02. At the moment, the stock has a 52-week-high of $57.27 and a 52-week-low of $33.31. Sylvamo closed at $41.35 at the end of the last trading period.

For Sonendo Inc SONX, Piper Sandler downgraded the previous rating of Overweight to Neutral. In the second quarter, Sonendo showed an EPS of $0.19, compared to $0.57 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.93 and a 52-week-low of $0.86. Sonendo closed at $1.25 at the end of the last trading period.

For Atea Pharmaceuticals Inc AVIR, JP Morgan downgraded the previous rating of Neutral to Underweight. Atea Pharmaceuticals earned $0.34 in the second quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $9.79 and a 52-week-low of $2.94. At the end of the last trading period, Atea Pharmaceuticals closed at $3.54.

For Decibel Therapeutics Inc DBTX, Baird downgraded the previous rating of Outperform to Neutral. Decibel Therapeutics earned $0.53 in the first quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.68 and a 52-week-low of $1.61. Decibel Therapeutics closed at $5.03 at the end of the last trading period.

For BanColombia SA CIB, JP Morgan downgraded the previous rating of Neutral to Underweight. BanColombia earned $1.54 in the first quarter, compared to $1.92 in the year-ago quarter. The stock has a 52-week-high of $33.16 and a 52-week-low of $21.55. At the end of the last trading period, BanColombia closed at $28.93.

For NeoGames SA NGMS, Deutsche Bank downgraded the previous rating of Buy to Hold. For the second quarter, NeoGames had an EPS of $0.00, compared to year-ago quarter EPS of $0.49. The stock has a 52-week-high of $27.77 and a 52-week-low of $10.85. At the end of the last trading period, NeoGames closed at $27.05.

According to Goldman Sachs, the prior rating for Nuvei Corp NVEI was changed from Buy to Neutral. In the second quarter, Nuvei showed an EPS of $0.39, compared to $0.51 from the year-ago quarter. The current stock performance of Nuvei shows a 52-week-high of $43.81 and a 52-week-low of $17.69. Moreover, at the end of the last trading period, the closing price was at $18.13.

For Benson Hill Inc BHIL, Oppenheimer downgraded the previous rating of Outperform to Perform. In the second quarter, Benson Hill showed an EPS of $0.16, compared to $0.14 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.09 and a 52-week-low of $0.90. Benson Hill closed at $1.00 at the end of the last trading period.

TD Cowen downgraded the previous rating for Thoughtworks Holding Inc TWKS from Outperform to Market Perform. Thoughtworks Holding earned $0.03 in the second quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $17.44 and a 52-week-low of $4.60. At the end of the last trading period, Thoughtworks Holding closed at $4.66.

For Magnolia Oil & Gas Corp MGY, Keybanc downgraded the previous rating of Overweight to Sector Weight. Magnolia Oil & Gas earned $0.51 in the second quarter, compared to $1.32 in the year-ago quarter. The stock has a 52-week-high of $27.54 and a 52-week-low of $18.17. At the end of the last trading period, Magnolia Oil & Gas closed at $23.20.

See all analyst ratings downgrades.

Initiations

With an Overweight rating, Cantor Fitzgerald initiated coverage on Zai Lab Ltd ZLAB. The price target seems to have been set at $70.00 for Zai Lab. Zai Lab earned $1.25 in the second quarter, compared to $1.44 in the year-ago quarter. The current stock performance of Zai Lab shows a 52-week-high of $53.95 and a 52-week-low of $20.98. Moreover, at the end of the last trading period, the closing price was at $26.38.

RBC Capital initiated coverage on Cormedix Inc CRMD with an Outperform rating. The price target for Cormedix is set to $6.00. In the second quarter, Cormedix showed an EPS of $0.25, compared to $0.19 from the year-ago quarter. The current stock performance of Cormedix shows a 52-week-high of $6.09 and a 52-week-low of $2.72. Moreover, at the end of the last trading period, the closing price was at $4.35.

See all analyst ratings initiations.