Benzinga's Top Ratings Upgrades, Downgrades For August 24, 2023

Upgrades

UBS upgraded the previous rating for Petroleo Brasileiro SA Petrobras PBR from Neutral to Buy. In the second quarter, Petrobras Brasileiro showed an EPS of $0.90, compared to $1.68 from the year-ago quarter. The stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. At the end of the last trading period, Petrobras Brasileiro closed at $14.54.

HSBC upgraded the previous rating for TDCX Inc TDCX from Hold to Buy. TDCX earned $0.14 in the second quarter, compared to $0.15 in the year-ago quarter. The current stock performance of TDCX shows a 52-week-high of $15.38 and a 52-week-low of $4.75. Moreover, at the end of the last trading period, the closing price was at $4.78.

According to Barclays, the prior rating for Grab Holdings Inc GRAB was changed from Equal-Weight to Overweight. For the second quarter, Grab Hldgs had an EPS of $0.03, compared to year-ago quarter EPS of $0.15. The current stock performance of Grab Hldgs shows a 52-week-high of $4.03 and a 52-week-low of $2.19. Moreover, at the end of the last trading period, the closing price was at $3.70.

According to B of A Securities, the prior rating for Williams-Sonoma Inc WSM was changed from Underperform to Neutral. In the second quarter, Williams-Sonoma showed an EPS of $3.12, compared to $3.87 from the year-ago quarter. The current stock performance of Williams-Sonoma shows a 52-week-high of $170.50 and a 52-week-low of $109.35. Moreover, at the end of the last trading period, the closing price was at $142.02.

For NVIDIA Corp NVDA, WestPark Capital upgraded the previous rating of Hold to Buy. NVIDIA earned $2.70 in the second quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $481.87 and a 52-week-low of $108.14. At the end of the last trading period, NVIDIA closed at $471.16.

According to Stifel, the prior rating for NVIDIA Corp NVDA was changed from Hold to Buy. For the second quarter, NVIDIA had an EPS of $2.70, compared to year-ago quarter EPS of $0.51. At the moment, the stock has a 52-week-high of $481.87 and a 52-week-low of $108.14. NVIDIA closed at $471.16 at the end of the last trading period.

For NVIDIA Corp NVDA, Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. NVIDIA earned $2.70 in the second quarter, compared to $0.51 in the year-ago quarter. The current stock performance of NVIDIA shows a 52-week-high of $481.87 and a 52-week-low of $108.14. Moreover, at the end of the last trading period, the closing price was at $471.16.

According to Raymond James, the prior rating for Prudential Financial Inc PRU was changed from Market Perform to Strong Buy. For the second quarter, Prudential Financial had an EPS of $2.94, compared to year-ago quarter EPS of $1.74. The stock has a 52-week-high of $110.95 and a 52-week-low of $75.37. At the end of the last trading period, Prudential Financial closed at $91.43.

For NeuroPace Inc NPCE, Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, NeuroPace showed an EPS of $0.36, compared to $0.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.45 and a 52-week-low of $1.26. NeuroPace closed at $4.78 at the end of the last trading period.

For Discover Financial Services DFS, Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the second quarter, Discover Finl had an EPS of $3.54, compared to year-ago quarter EPS of $3.96. The stock has a 52-week-high of $122.50 and a 52-week-low of $87.65. At the end of the last trading period, Discover Finl closed at $88.59.

For Kenvue Inc KVUE, Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Kenvue had an EPS of $0.32, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $27.80 and a 52-week-low of $22.36. At the end of the last trading period, Kenvue closed at $23.62.

For TELUS International (Cda) Inc TIXT, Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. For the second quarter, TELUS Intl had an EPS of $0.17, compared to year-ago quarter EPS of $0.30. The current stock performance of TELUS Intl shows a 52-week-high of $30.87 and a 52-week-low of $8.14. Moreover, at the end of the last trading period, the closing price was at $8.46.

See all analyst ratings upgrades.

Downgrades

According to Bernstein, the prior rating for The Estee Lauder Companies Inc EL was changed from Outperform to Market Perform. Estee Lauder Cos earned $0.07 in the fourth quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $283.62 and a 52-week-low of $147.18. Estee Lauder Cos closed at $152.87 at the end of the last trading period.

B of A Securities downgraded the previous rating for VIZIO Holding Corp VZIO from Buy to Underperform. In the second quarter, VIZIO Holding showed an EPS of $0.01, compared to $0.01 from the year-ago quarter. The current stock performance of VIZIO Holding shows a 52-week-high of $12.17 and a 52-week-low of $6.02. Moreover, at the end of the last trading period, the closing price was at $6.16.

According to KGI Securities, the prior rating for Sea Ltd SE was changed from Outperform 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 $88.84 and a 52-week-low of $36.25. At the end of the last trading period, Sea closed at $36.85.

For Agiliti Inc AGTI, Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. For the second quarter, Agiliti had an EPS of $0.14, compared to year-ago quarter EPS of $0.19. The current stock performance of Agiliti shows a 52-week-high of $20.11 and a 52-week-low of $9.86. Moreover, at the end of the last trading period, the closing price was at $10.01.

For Integra Lifesciences Holdings Corp IART, Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. For the second quarter, Integra Lifesciences had an EPS of $0.71, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $60.69 and a 52-week-low of $37.36. At the end of the last trading period, Integra Lifesciences closed at $42.50.

For Stevanato Group SPA STVN, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Stevanato Gr showed an EPS of $0.15, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $36.30 and a 52-week-low of $13.75. At the end of the last trading period, Stevanato Gr closed at $31.33.

For Sight Sciences Inc SGHT, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. For the second quarter, Sight Sciences had an EPS of $0.30, compared to year-ago quarter EPS of $0.50. The current stock performance of Sight Sciences shows a 52-week-high of $15.29 and a 52-week-low of $5.35. Moreover, at the end of the last trading period, the closing price was at $6.94.

Cantor Fitzgerald downgraded the previous rating for Mawson Infrastructure Group Inc MIGI from Overweight to Neutral. For the second quarter, Mawson Infra Gr had an EPS of $1.12, compared to year-ago quarter EPS of $1.38. The stock has a 52-week-high of $5.16 and a 52-week-low of $0.71. At the end of the last trading period, Mawson Infra Gr closed at $0.80.

According to Piper Sandler, the prior rating for Analog Devices Inc ADI was changed from Overweight to Neutral. For the third quarter, Analog Devices had an EPS of $2.49, compared to year-ago quarter EPS of $2.52. At the moment, the stock has a 52-week-high of $200.10 and a 52-week-low of $133.48. Analog Devices closed at $177.48 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for International Flavors & Fragrances Inc IFF from Overweight to Equal-Weight. In the second quarter, Intl Flavors & Fragrances showed an EPS of $0.86, compared to $1.54 from the year-ago quarter. The current stock performance of Intl Flavors & Fragrances shows a 52-week-high of $119.41 and a 52-week-low of $62.11. Moreover, at the end of the last trading period, the closing price was at $67.21.

B of A Securities downgraded the previous rating for Peloton Interactive Inc PTON from Buy to Neutral. For the fourth quarter, Peloton Interactive had an EPS of $0.68, compared to year-ago quarter EPS of $1.32. The stock has a 52-week-high of $17.83 and a 52-week-low of $5.05. At the end of the last trading period, Peloton Interactive closed at $5.41.

For Peloton Interactive Inc PTON, Needham downgraded the previous rating of Buy to Hold. In the fourth quarter, Peloton Interactive showed an EPS of $0.68, compared to $1.32 from the year-ago quarter. The stock has a 52-week-high of $17.83 and a 52-week-low of $5.05. At the end of the last trading period, Peloton Interactive closed at $5.41.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Alliance Global Partners initiated coverage on Canoo Inc GOEV. The price target seems to have been set at $1.55 for Canoo. For the second quarter, Canoo had an EPS of $0.14, compared to year-ago quarter EPS of $0.68. At the moment, the stock has a 52-week-high of $3.77 and a 52-week-low of $0.41. Canoo closed at $0.53 at the end of the last trading period.

With an Outperform rating, Wedbush initiated coverage on Werewolf Therapeutics Inc HOWL. The price target seems to have been set at $9.00 for Werewolf Therapeutics. In the second quarter, Werewolf Therapeutics showed an EPS of $0.14, compared to $0.53 from the year-ago quarter. The current stock performance of Werewolf Therapeutics shows a 52-week-high of $7.51 and a 52-week-low of $1.40. Moreover, at the end of the last trading period, the closing price was at $2.58.

With a Sector Perform rating, Scotiabank initiated coverage on Magna International Inc MGA. The price target seems to have been set at $61.00 for Magna International. In the second quarter, Magna International showed an EPS of $1.50, compared to $0.83 from the year-ago quarter. The current stock performance of Magna International shows a 52-week-high of $68.92 and a 52-week-low of $45.60. Moreover, at the end of the last trading period, the closing price was at $56.57.

For Fifth Third Bancorp FITB, Raymond James initiated coverage, by setting the current rating at Market Perform. For the second quarter, Fifth Third Bancorp had an EPS of $0.87, compared to year-ago quarter EPS of $0.76. The current stock performance of Fifth Third Bancorp shows a 52-week-high of $38.05 and a 52-week-low of $22.11. Moreover, at the end of the last trading period, the closing price was at $25.43.

BTIG initiated coverage on Genmab A/S GMAB with a Buy rating. The price target for Genmab is set to $44.00. In the second quarter, Genmab showed an EPS of $0.30, compared to $0.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.49 and a 52-week-low of $31.40. Genmab closed at $37.35 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on eFFECTOR Therapeutics Inc EFTR. The price target seems to have been set at $5.00 for eFFECTOR Therapeutics. For the second quarter, eFFECTOR Therapeutics had an EPS of $0.17, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $1.48 and a 52-week-low of $0.34. At the end of the last trading period, eFFECTOR Therapeutics closed at $0.71.

Barclays initiated coverage on Xcel Energy Inc XEL with a Equal-Weight rating. The price target for Xcel Energy is set to $60.00. In the second quarter, Xcel Energy showed an EPS of $0.52, compared to $0.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $77.63 and a 52-week-low of $56.87. Xcel Energy closed at $57.52 at the end of the last trading period.

With a Sector Outperform rating, Scotiabank initiated coverage on Globant SA GLOB. The price target seems to have been set at $210.00 for Globant. Globant earned $1.36 in the second quarter, compared to $1.22 in the year-ago quarter. The stock has a 52-week-high of $232.17 and a 52-week-low of $135.41. At the end of the last trading period, Globant closed at $191.88.

Scotiabank initiated coverage on EPAM Systems Inc EPAM with a Sector Perform rating. The price target for EPAM Sys is set to $265.00. In the second quarter, EPAM Sys showed an EPS of $2.64, compared to $2.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $447.93 and a 52-week-low of $197.99. EPAM Sys closed at $248.83 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on Civitas Resources Inc CIVI. The price target seems to have been set at $87.00 for Civitas Resources. For the second quarter, Civitas Resources had an EPS of $1.72, compared to year-ago quarter EPS of $4.63. At the moment, the stock has a 52-week-high of $81.25 and a 52-week-low of $52.77. Civitas Resources closed at $80.38 at the end of the last trading period.

Scotiabank initiated coverage on Concentrix Corp CNXC with a Sector Outperform rating. The price target for Concentrix is set to $120.00. For the second quarter, Concentrix had an EPS of $2.69, compared to year-ago quarter EPS of $2.93. The current stock performance of Concentrix shows a 52-week-high of $151.82 and a 52-week-low of $72.46. Moreover, at the end of the last trading period, the closing price was at $74.16.

See all analyst ratings initiations.