Benzinga's Top Ratings Upgrades, Downgrades For August 29, 2023

Upgrades

JP Morgan upgraded the previous rating for Noah Holdings Ltd NOAH from Neutral to Overweight. Noah Holdings earned $0.62 in the second quarter, compared to $0.79 in the year-ago quarter. The stock has a 52-week-high of $21.53 and a 52-week-low of $11.65. At the end of the last trading period, Noah Holdings closed at $12.13.

According to Compass Point, the prior rating for Kimco Realty Corp KIM was changed from Neutral to Buy. Kimco Realty earned $0.39 in the second quarter, compared to $0.40 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.27 and a 52-week-low of $17.34. Kimco Realty closed at $18.77 at the end of the last trading period.

For First Bancshares Inc FBMS, DA Davidson upgraded the previous rating of Neutral to Buy. In the second quarter, First Bancshares showed an EPS of $0.85, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $34.77 and a 52-week-low of $22.82. At the end of the last trading period, First Bancshares closed at $28.59.

For Rockwell Automation Inc ROK, Wells Fargo upgraded the previous rating of Underweight to Equal-Weight. Rockwell Automation earned $3.01 in the third quarter, compared to $2.66 in the year-ago quarter. The stock has a 52-week-high of $348.52 and a 52-week-low of $209.46. At the end of the last trading period, Rockwell Automation closed at $309.05.

Jefferies upgraded the previous rating for Forward Air Corp FWRD from Hold to Buy. Forward Air earned $0.91 in the second quarter, compared to $2.04 in the year-ago quarter. The stock has a 52-week-high of $121.38 and a 52-week-low of $60.09. At the end of the last trading period, Forward Air closed at $70.89.

According to UBS, the prior rating for Oracle Corp ORCL was changed from Neutral to Buy. For the fourth quarter, Oracle had an EPS of $1.67, compared to year-ago quarter EPS of $1.54. At the moment, the stock has a 52-week-high of $127.54 and a 52-week-low of $60.78. Oracle closed at $116.84 at the end of the last trading period.

According to Wolfe Research, the prior rating for 3M Co MMM was changed from Underperform to Peer Perform. 3M earned $2.17 in the second quarter, compared to $2.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $144.00 and a 52-week-low of $92.38. 3M closed at $104.12 at the end of the last trading period.

According to Citigroup, the prior rating for Verizon Communications Inc VZ was changed from Neutral to Buy. In the second quarter, Verizon Communications showed an EPS of $1.21, compared to $1.31 from the year-ago quarter. The current stock performance of Verizon Communications shows a 52-week-high of $44.73 and a 52-week-low of $31.25. Moreover, at the end of the last trading period, the closing price was at $33.55.

According to Citigroup, the prior rating for AT&T Inc T was changed from Neutral to Buy. In the second quarter, AT&T showed an EPS of $0.63, compared to $0.65 from the year-ago quarter. The stock has a 52-week-high of $22.84 and a 52-week-low of $13.43. At the end of the last trading period, AT&T closed at $14.21.

Raymond James upgraded the previous rating for NextEra Energy Partners LP NEP from Market Perform to Outperform. For the second quarter, NextEra Energy Partners had an EPS of $0.53, compared to year-ago quarter EPS of $2.61. The stock has a 52-week-high of $85.98 and a 52-week-low of $44.24. At the end of the last trading period, NextEra Energy Partners closed at $48.62.

For Hersha Hospitality Trust HT, Barclays upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Hersha Hospitality showed an EPS of $0.38, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.21 and a 52-week-low of $5.64. Hersha Hospitality closed at $9.79 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Jefferies downgraded the previous rating for Hersha Hospitality Trust HT from Buy to Hold. For the second quarter, Hersha Hospitality had an EPS of $0.38, compared to year-ago quarter EPS of $0.56. At the moment, the stock has a 52-week-high of $11.21 and a 52-week-low of $5.64. Hersha Hospitality closed at $9.79 at the end of the last trading period.

For Emergent BioSolutions Inc EBS, Benchmark downgraded the previous rating of Buy to Hold. In the second quarter, Emergent BioSolutions showed an EPS of $1.06, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $27.22 and a 52-week-low of $4.19. At the end of the last trading period, Emergent BioSolutions closed at $4.42.

For Farfetch Ltd FTCH, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Farfetch showed an EPS of $0.21, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.88 and a 52-week-low of $2.50. Farfetch closed at $2.82 at the end of the last trading period.

According to Piper Sandler, the prior rating for Celanese Corp CE was changed from Neutral to Underweight. Celanese earned $2.17 in the second quarter, compared to $4.99 in the year-ago quarter. The current stock performance of Celanese shows a 52-week-high of $128.50 and a 52-week-low of $86.73. Moreover, at the end of the last trading period, the closing price was at $121.54.

For Hersha Hospitality Trust HT, Stifel downgraded the previous rating of Buy to Hold. In the second quarter, Hersha Hospitality showed an EPS of $0.38, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $11.21 and a 52-week-low of $5.64. At the end of the last trading period, Hersha Hospitality closed at $9.79.

For RPT Realty RPT, Keybanc downgraded the previous rating of Overweight to Sector Weight. RPT Realty earned $0.25 in the second quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.54 and a 52-week-low of $7.29. RPT Realty closed at $11.23 at the end of the last trading period.

Raymond James downgraded the previous rating for RPT Realty RPT from Outperform to Market Perform. For the second quarter, RPT Realty had an EPS of $0.25, compared to year-ago quarter EPS of $0.27. At the moment, the stock has a 52-week-high of $11.54 and a 52-week-low of $7.29. RPT Realty closed at $11.23 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

B. Riley Securities initiated coverage on QuinStreet Inc QNST with a Neutral rating. The price target for QuinStreet is set to $10.00. QuinStreet earned $0.01 in the fourth quarter, compared to $0.04 in the year-ago quarter. The current stock performance of QuinStreet shows a 52-week-high of $18.18 and a 52-week-low of $6.79. Moreover, at the end of the last trading period, the closing price was at $9.60.

For Xylem Inc XYL, Seaport Global initiated coverage, by setting the current rating at Neutral. In the second quarter, Xylem showed an EPS of $0.98, compared to $0.66 from the year-ago quarter. The current stock performance of Xylem shows a 52-week-high of $118.58 and a 52-week-low of $84.16. Moreover, at the end of the last trading period, the closing price was at $101.82.

HC Wainwright & Co. initiated coverage on BigBear.ai Holdings Inc BBAI with a Buy rating. The price target for BigBear.ai Hldgs is set to $4.00. For the second quarter, BigBear.ai Hldgs had an EPS of $0.12, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $6.77 and a 52-week-low of $0.58. BigBear.ai Hldgs closed at $1.37 at the end of the last trading period.

With a Neutral rating, UBS initiated coverage on Crane NXT Co CXT. The price target seems to have been set at $65.00 for Crane NXT. At the moment, the stock has a 52-week-high of $63.36 and a 52-week-low of $39.00. Crane NXT closed at $59.85 at the end of the last trading period.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Navitas Semiconductor Corp NVTS. The price target seems to have been set at $9.20 for Navitas Semiconductor. Navitas Semiconductor earned $0.05 in the second quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Navitas Semiconductor shows a 52-week-high of $11.16 and a 52-week-low of $3.12. Moreover, at the end of the last trading period, the closing price was at $8.42.

See all analyst ratings initiations.