Benzinga's Top Ratings Upgrades, Downgrades For August 16, 2023

Upgrades

UBS upgraded the previous rating for Aemetis Inc AMTX from Neutral to Buy. For the second quarter, Aemetis had an EPS of $0.68, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $10.74 and a 52-week-low of $1.16. At the end of the last trading period, Aemetis closed at $6.16.

According to Exane BNP Paribas, the prior rating for Revance Therapeutics Inc RVNC was changed from Underperform to Neutral. In the second quarter, Revance Therapeutics showed an EPS of $0.80, compared to $0.88 from the year-ago quarter. The current stock performance of Revance Therapeutics shows a 52-week-high of $37.98 and a 52-week-low of $17.97. Moreover, at the end of the last trading period, the closing price was at $18.80.

For Inter & Co Inc INTR, Citigroup upgraded the previous rating of Neutral to Buy. For the second quarter, Inter & Co had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $4.63 and a 52-week-low of $1.37. Inter & Co closed at $3.94 at the end of the last trading period.

Evercore ISI Group upgraded the previous rating for Magnite Inc MGNI from In-Line to Outperform. For the second quarter, Magnite had an EPS of $0.09, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $15.73 and a 52-week-low of $5.58. Magnite closed at $8.52 at the end of the last trading period.

For National CineMedia Inc NCMI, Benchmark upgraded the previous rating of Hold to Speculative Buy. National CineMedia earned $0.08 in the fourth quarter, compared to $0.05 in the year-ago quarter. The current stock performance of National CineMedia shows a 52-week-high of $18.20 and a 52-week-low of $1.01. Moreover, at the end of the last trading period, the closing price was at $3.55.

JP Morgan upgraded the previous rating for Gulfport Energy Corp GPOR from Neutral to Overweight. In the second quarter, Gulfport Energy showed an EPS of $2.66, compared to $5.09 from the year-ago quarter. The current stock performance of Gulfport Energy shows a 52-week-high of $114.88 and a 52-week-low of $60.15. Moreover, at the end of the last trading period, the closing price was at $112.23.

JP Morgan upgraded the previous rating for SM Energy Co SM from Neutral to Overweight. For the second quarter, SM Energy had an EPS of $1.28, compared to year-ago quarter EPS of $2.19. The current stock performance of SM Energy shows a 52-week-high of $48.54 and a 52-week-low of $24.66. Moreover, at the end of the last trading period, the closing price was at $39.01.

According to JP Morgan, the prior rating for Pioneer Natural Resources Co PXD was changed from Neutral to Overweight. In the second quarter, Pioneer Natural Resources showed an EPS of $4.49, compared to $9.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $274.42 and a 52-week-low of $177.26. Pioneer Natural Resources closed at $233.72 at the end of the last trading period.

BMO Capital upgraded the previous rating for CareTrust REIT Inc CTRE from Market Perform to Outperform. In the second quarter, CareTrust REIT showed an EPS of $0.35, compared to $0.37 from the year-ago quarter. The current stock performance of CareTrust REIT shows a 52-week-high of $22.09 and a 52-week-low of $16.22. Moreover, at the end of the last trading period, the closing price was at $19.89.

According to Citigroup, the prior rating for Callon Petroleum Co CPE was changed from Neutral to Buy. In the second quarter, Callon Petroleum showed an EPS of $1.99, compared to $3.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $50.10 and a 52-week-low of $28.91. Callon Petroleum closed at $35.59 at the end of the last trading period.

According to Mizuho, the prior rating for Permian Resources Corp PR was changed from Neutral to Buy. At the moment, the stock has a 52-week-high of $12.62 and a 52-week-low of $6.12. Permian Resources closed at $12.16 at the end of the last trading period.

According to Mizuho, the prior rating for Matador Resources Co MTDR was changed from Neutral to Buy. In the second quarter, Matador Resources showed an EPS of $1.42, compared to $3.47 from the year-ago quarter. The current stock performance of Matador Resources shows a 52-week-high of $73.76 and a 52-week-low of $42.04. Moreover, at the end of the last trading period, the closing price was at $57.82.

For Chevron Corp CVX, Mizuho upgraded the previous rating of Neutral to Buy. For the second quarter, Chevron had an EPS of $3.08, compared to year-ago quarter EPS of $5.82. At the moment, the stock has a 52-week-high of $189.66 and a 52-week-low of $140.48. Chevron closed at $159.24 at the end of the last trading period.

For NextDecade Corp NEXT, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the first quarter, NextDecade had an EPS of $0.23, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $8.94 and a 52-week-low of $3.92. NextDecade closed at $5.91 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Brixmor Property Group Inc BRX was changed from Neutral to Buy. Brixmor Property Group earned $0.52 in the second quarter, compared to $0.49 in the year-ago quarter. The stock has a 52-week-high of $24.49 and a 52-week-low of $17.62. At the end of the last trading period, Brixmor Property Group closed at $22.21.

According to UBS, the prior rating for Keurig Dr Pepper Inc KDP was changed from Neutral to Buy. For the second quarter, Keurig Dr Pepper had an EPS of $0.42, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $41.25 and a 52-week-low of $30.47. At the end of the last trading period, Keurig Dr Pepper closed at $33.47.

See all analyst ratings upgrades.

Downgrades

According to B of A Securities, the prior rating for SolarEdge Technologies Inc SEDG was changed from Buy to Neutral. SolarEdge Technologies earned $2.62 in the second quarter, compared to $0.95 in the year-ago quarter. The current stock performance of SolarEdge Technologies shows a 52-week-high of $345.80 and a 52-week-low of $169.86. Moreover, at the end of the last trading period, the closing price was at $170.00.

HC Wainwright & Co. downgraded the previous rating for Alaunos Therapeutics Inc TCRT from Buy to Neutral. For the second quarter, Alaunos Therapeutics had an EPS of $0.04, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $4.01 and a 52-week-low of $0.12. At the end of the last trading period, Alaunos Therapeutics closed at $0.14.

For Magellan Midstream Partners LP MMP, Argus Research downgraded the previous rating of Hold to Sell. Magellan Midstream earned $1.23 in the second quarter, compared to $1.17 in the year-ago quarter. The stock has a 52-week-high of $66.78 and a 52-week-low of $45.55. At the end of the last trading period, Magellan Midstream closed at $65.55.

According to DA Davidson, the prior rating for Southland Holdings Inc SLND was changed from Buy to Neutral. At the moment, the stock has a 52-week-high of $10.85 and a 52-week-low of $5.66. Southland Holdings closed at $6.41 at the end of the last trading period.

For Marqeta Inc MQ, BTIG downgraded the previous rating of Neutral to Sell. 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 $8.71 and a 52-week-low of $3.46. At the end of the last trading period, Marqeta closed at $5.88.

For Galera Therapeutics Inc GRTX, HC Wainwright & Co. downgraded the previous rating of Buy to Neutral. Galera Therapeutics earned $0.48 in the second quarter, compared to $0.54 in the year-ago quarter. The current stock performance of Galera Therapeutics shows a 52-week-high of $3.59 and a 52-week-low of $0.25. Moreover, at the end of the last trading period, the closing price was at $0.27.

For Chesapeake Energy Corp CHK, JP Morgan downgraded the previous rating of Overweight to Neutral. For the second quarter, Chesapeake Energy had an EPS of $0.64, compared to year-ago quarter EPS of $4.87. At the moment, the stock has a 52-week-high of $107.31 and a 52-week-low of $69.68. Chesapeake Energy closed at $82.87 at the end of the last trading period.

According to Mizuho, the prior rating for Magnolia Oil & Gas Corp MGY was changed from Buy to Neutral. In the second quarter, Magnolia Oil & Gas showed an EPS of $0.51, compared to $1.32 from 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 $22.68.

According to Mizuho, the prior rating for HF Sinclair Corp DINO was changed from Buy to Neutral. In the second quarter, HF Sinclair showed an EPS of $2.60, compared to $5.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.17 and a 52-week-low of $37.12. HF Sinclair closed at $55.77 at the end of the last trading period.

For Marathon Petroleum Corp MPC, Mizuho downgraded the previous rating of Buy to Neutral. In the second quarter, Marathon Petroleum showed an EPS of $5.32, compared to $10.61 from the year-ago quarter. At the moment, the stock has a 52-week-high of $149.76 and a 52-week-low of $89.41. Marathon Petroleum closed at $142.62 at the end of the last trading period.

According to RBC Capital, the prior rating for Easterly Government Properties Inc DEA was changed from Sector Perform to Underperform. In the second quarter, Easterly Government Props showed an EPS of $0.28, compared to $0.33 from the year-ago quarter. The current stock performance of Easterly Government Props shows a 52-week-high of $19.41 and a 52-week-low of $12.27. Moreover, at the end of the last trading period, the closing price was at $14.22.

According to Canaccord Genuity, the prior rating for Zynerba Pharmaceuticals Inc ZYNE was changed from Buy to Hold. Zynerba Pharmaceuticals earned $0.21 in the second quarter, compared to $0.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1.38 and a 52-week-low of $0.25. Zynerba Pharmaceuticals closed at $1.35 at the end of the last trading period.

For Golar LNG Ltd GLNG, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the second quarter, Golar LNG showed an EPS of $0.04, compared to $2.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.65 and a 52-week-low of $19.62. Golar LNG closed at $22.39 at the end of the last trading period.

According to JP Morgan, the prior rating for Grupo Aval Acciones y Valores SA AVAL was changed from Neutral to Underweight. Grupo Aval Acciones earned $0.08 in the third quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $3.48 and a 52-week-low of $2.02. Grupo Aval Acciones closed at $2.45 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Kimco Realty Corp KIM was changed from Buy to Neutral. In the second quarter, Kimco Realty showed an EPS of $0.39, compared to $0.40 from the year-ago quarter. The stock has a 52-week-high of $23.89 and a 52-week-low of $17.34. At the end of the last trading period, Kimco Realty closed at $19.81.

According to Goldman Sachs, the prior rating for Tanger Factory Outlet Centers Inc SKT was changed from Buy to Neutral. For the second quarter, Tanger Factory Outlet had an EPS of $0.47, compared to year-ago quarter EPS of $0.45. The stock has a 52-week-high of $25.23 and a 52-week-low of $13.26. At the end of the last trading period, Tanger Factory Outlet closed at $24.57.

Keefe, Bruyette & Woods downgraded the previous rating for CB Financial Services Inc CBFV from Outperform to Market Perform. For the second quarter, CB Financial Services had an EPS of $0.63, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $24.98 and a 52-week-low of $17.20. At the end of the last trading period, CB Financial Services closed at $22.67.

According to Citigroup, the prior rating for Sea Ltd SE was changed from Buy to Neutral. In the second quarter, Sea showed an EPS of $0.54, compared to $1.03 from the year-ago quarter. The stock has a 52-week-high of $92.20 and a 52-week-low of $40.11. At the end of the last trading period, Sea closed at $40.58.

See all analyst ratings downgrades.

Initiations

Capital One initiated coverage on Immunocore Holdings PLC IMCR with an Overweight rating. The price target for Immunocore Hldgs is set to $84.00. For the second quarter, Immunocore Hldgs had an EPS of $0.37, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $69.01 and a 52-week-low of $39.00. Immunocore Hldgs closed at $60.25 at the end of the last trading period.

With an Overweight rating, Wells Fargo initiated coverage on GE HealthCare Technologies Inc GEHC. The price target seems to have been set at $90.00 for GE HealthCare Techs. For the second quarter, GE HealthCare Techs had an EPS of $0.92, compared to year-ago quarter EPS of $1.15. The stock has a 52-week-high of $87.83 and a 52-week-low of $53.00. At the end of the last trading period, GE HealthCare Techs closed at $70.54.

Barclays initiated coverage on Fortrea Holdings Inc FTRE with a Equal-Weight rating. The price target for Fortrea Holdings is set to $29.00. For the second quarter, Fortrea Holdings had an EPS of $0.52, compared to year-ago quarter EPS of $0.97. At the moment, the stock has a 52-week-high of $37.30 and a 52-week-low of $25.68. Fortrea Holdings closed at $27.18 at the end of the last trading period.

With a Buy rating, Guggenheim initiated coverage on Vera Therapeutics Inc VERA. The price target seems to have been set at $27.00 for Vera Therapeutics. For the second quarter, Vera Therapeutics had an EPS of $0.46, compared to year-ago quarter EPS of $0.55. The current stock performance of Vera Therapeutics shows a 52-week-high of $23.29 and a 52-week-low of $5.20. Moreover, at the end of the last trading period, the closing price was at $17.69.

See all analyst ratings initiations.