Benzinga's Top Ratings Upgrades, Downgrades For June 6, 2023

Upgrades

Evercore ISI Group upgraded the previous rating for Ultragenyx Pharmaceutical Inc RARE from In-Line to Outperform. In the first quarter, Ultragenyx Pharmaceutical showed an EPS of $2.33, compared to $2.19 from the year-ago quarter. At the moment, the stock has a 52-week-high of $68.64 and a 52-week-low of $33.36. Ultragenyx Pharmaceutical closed at $51.25 at the end of the last trading period.

B of A Securities upgraded the previous rating for Oscar Health Inc OSCR from Underperform to Neutral. In the first quarter, Oscar Health showed an EPS of $0.18, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.50 and a 52-week-low of $2.06. Oscar Health closed at $7.37 at the end of the last trading period.

According to B of A Securities, the prior rating for The Cigna Group CI was changed from Neutral to Buy. Cigna Group earned $5.41 in the first quarter, compared to $6.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $339.99 and a 52-week-low of $240.26. Cigna Group closed at $255.80 at the end of the last trading period.

According to B of A Securities, the prior rating for Molson Coors Beverage Co TAP was changed from Underperform to Neutral. In the first quarter, Molson Coors Beverage showed an EPS of $0.54, compared to $0.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $66.67 and a 52-week-low of $46.70. Molson Coors Beverage closed at $63.81 at the end of the last trading period.

According to MoffettNathanson, the prior rating for AT&T Inc T was changed from Underperform to Market Perform. For the first quarter, AT&T had an EPS of $0.60, compared to year-ago quarter EPS of $0.63. The current stock performance of AT&T shows a 52-week-high of $22.84 and a 52-week-low of $14.47. Moreover, at the end of the last trading period, the closing price was at $15.21.

For SiteOne Landscape Supply Inc SITE, Truist Securities upgraded the previous rating of Hold to Buy. SiteOne Landscape Supply earned $0.10 in the first quarter, compared to $0.70 in the year-ago quarter. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $165.32 and a 52-week-low of $97.51. Moreover, at the end of the last trading period, the closing price was at $142.73.

For DTE Energy Co DTE, UBS upgraded the previous rating of Neutral to Buy. In the first quarter, DTE Energy showed an EPS of $1.33, compared to $2.31 from the year-ago quarter. The current stock performance of DTE Energy shows a 52-week-high of $136.72 and a 52-week-low of $100.87. Moreover, at the end of the last trading period, the closing price was at $108.88.

Raymond James upgraded the previous rating for Lumen Technologies Inc LUMN from Underperform to Market Perform. Lumen Technologies earned $0.10 in the first quarter, compared to $0.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.88 and a 52-week-low of $1.85. Lumen Technologies closed at $2.01 at the end of the last trading period.

According to B of A Securities, the prior rating for McCormick & Co Inc MKC was changed from Underperform to Buy. In the first quarter, McCormick & Co showed an EPS of $0.59, compared to $0.63 from the year-ago quarter. The stock has a 52-week-high of $92.97 and a 52-week-low of $70.60. At the end of the last trading period, McCormick & Co closed at $88.46.

Raymond James upgraded the previous rating for Community Bank System Inc CBU from Market Perform to Outperform. In the first quarter, Community Bank System showed an EPS of $0.86, compared to $0.87 from the year-ago quarter. The current stock performance of Community Bank System shows a 52-week-high of $72.74 and a 52-week-low of $44.26. Moreover, at the end of the last trading period, the closing price was at $53.05.

For NiSource Inc NI, UBS upgraded the previous rating of Neutral to Buy. In the first quarter, NiSource showed an EPS of $0.77, compared to $0.75 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.08 and a 52-week-low of $23.79. NiSource closed at $26.76 at the end of the last trading period.

According to UBS, the prior rating for CMS Energy Corp CMS was changed from Neutral to Buy. For the first quarter, CMS Energy had an EPS of $0.70, compared to year-ago quarter EPS of $1.20. The current stock performance of CMS Energy shows a 52-week-high of $71.97 and a 52-week-low of $52.43. Moreover, at the end of the last trading period, the closing price was at $58.36.

Goldman Sachs upgraded the previous rating for Cenovus Energy Inc CVE from Neutral to Buy. For the first quarter, Cenovus Energy had an EPS of $0.24, compared to year-ago quarter EPS of $0.62. The current stock performance of Cenovus Energy shows a 52-week-high of $24.91 and a 52-week-low of $14.45. Moreover, at the end of the last trading period, the closing price was at $16.99.

RBC Capital upgraded the previous rating for Vale SA VALE from Sector Perform to Outperform. In the first quarter, Vale showed an EPS of $0.41, compared to $0.93 from the year-ago quarter. The current stock performance of Vale shows a 52-week-high of $19.31 and a 52-week-low of $11.72. Moreover, at the end of the last trading period, the closing price was at $13.68.

For Lennox International Inc LII, Keybanc upgraded the previous rating of Sector Weight to Overweight. For the first quarter, Lennox Intl had an EPS of $2.83, compared to year-ago quarter EPS of $2.47. The stock has a 52-week-high of $299.25 and a 52-week-low of $182.95. At the end of the last trading period, Lennox Intl closed at $298.23.

See all analyst ratings upgrades.

Downgrades

For EPAM Systems Inc EPAM, Citigroup downgraded the previous rating of Buy to Neutral. EPAM Sys earned $2.47 in the first quarter, compared to $2.49 in the year-ago quarter. The stock has a 52-week-high of $462.52 and a 52-week-low of $202.73. At the end of the last trading period, EPAM Sys closed at $259.65.

For NBT Bancorp Inc NBTB, Raymond James downgraded the previous rating of Strong Buy to Outperform. For the first quarter, NBT Bancorp had an EPS of $0.88, compared to year-ago quarter EPS of $0.90. The stock has a 52-week-high of $48.66 and a 52-week-low of $27.52. At the end of the last trading period, NBT Bancorp closed at $35.07.

According to Daiwa Capital, the prior rating for Dollar General Corp DG was changed from Outperform to Neutral. For the first quarter, Dollar Gen had an EPS of $2.34, compared to year-ago quarter EPS of $2.41. The stock has a 52-week-high of $261.57 and a 52-week-low of $158.32. At the end of the last trading period, Dollar Gen closed at $166.12.

According to Credit Suisse, the prior rating for Amedisys Inc AMED was changed from Outperform to Neutral. Amedisys earned $1.00 in the first quarter, compared to $1.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $131.28 and a 52-week-low of $69.36. Amedisys closed at $91.74 at the end of the last trading period.

For Cabot Corp CBT, JP Morgan downgraded the previous rating of Overweight to Neutral. Cabot earned $1.33 in the second quarter, compared to $1.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $83.73 and a 52-week-low of $59.74. Cabot closed at $74.68 at the end of the last trading period.

For SJW Group SJW, UBS downgraded the previous rating of Buy to Neutral. SJW Gr earned $0.37 in the first quarter, compared to $0.09 in the year-ago quarter. At the moment, the stock has a 52-week-high of $83.75 and a 52-week-low of $55.73. SJW Gr closed at $75.21 at the end of the last trading period.

For CenterPoint Energy Inc CNP, UBS downgraded the previous rating of Buy to Neutral. In the first quarter, CenterPoint Energy showed an EPS of $0.50, compared to $0.47 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.22 and a 52-week-low of $25.03. CenterPoint Energy closed at $28.60 at the end of the last trading period.

For American Electric Power Co Inc AEP, UBS downgraded the previous rating of Buy to Neutral. In the first quarter, American Electric Power showed an EPS of $1.11, compared to $1.22 from the year-ago quarter. The stock has a 52-week-high of $105.58 and a 52-week-low of $80.33. At the end of the last trading period, American Electric Power closed at $84.00.

Morgan Stanley downgraded the previous rating for AMC Networks Inc AMCX from Equal-Weight to Underweight. For the first quarter, AMC Networks had an EPS of $2.62, compared to year-ago quarter EPS of $2.54. The current stock performance of AMC Networks shows a 52-week-high of $37.88 and a 52-week-low of $11.16. Moreover, at the end of the last trading period, the closing price was at $11.44.

For EPAM Systems Inc EPAM, Barclays downgraded the previous rating of Overweight to Equal-Weight. In the first quarter, EPAM Sys showed an EPS of $2.47, compared to $2.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $462.52 and a 52-week-low of $202.73. EPAM Sys closed at $259.65 at the end of the last trading period.

For Bellerophon Therapeutics Inc BLPH, Laidlaw & Co. downgraded the previous rating of Buy to Hold. Bellerophon Therapeutics earned $0.27 in the first quarter, compared to $0.59 in the year-ago quarter. The current stock performance of Bellerophon Therapeutics shows a 52-week-high of $12.58 and a 52-week-low of $0.67. Moreover, at the end of the last trading period, the closing price was at $0.94.

For Apple Inc AAPL, DA Davidson downgraded the previous rating of Buy to Neutral. Apple earned $1.52 in the second quarter, compared to $1.52 in the year-ago quarter. The current stock performance of Apple shows a 52-week-high of $184.95 and a 52-week-low of $124.17. Moreover, at the end of the last trading period, the closing price was at $179.58.

Piper Sandler downgraded the previous rating for EPAM Systems Inc EPAM from Overweight to Neutral. EPAM Sys earned $2.47 in the first quarter, compared to $2.49 in the year-ago quarter. The stock has a 52-week-high of $462.52 and a 52-week-low of $202.73. At the end of the last trading period, EPAM Sys closed at $259.65.

According to Keybanc, the prior rating for EPAM Systems Inc EPAM was changed from Overweight to Sector Weight. In the first quarter, EPAM Sys showed an EPS of $2.47, compared to $2.49 from the year-ago quarter. The current stock performance of EPAM Sys shows a 52-week-high of $462.52 and a 52-week-low of $202.73. Moreover, at the end of the last trading period, the closing price was at $259.65.

See all analyst ratings downgrades.

Initiations

Compass Point initiated coverage on Cipher Mining Inc CIFR with a Buy rating. The price target for Cipher Mining is set to $4.00. Cipher Mining earned $0.03 in the first quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $3.32 and a 52-week-low of $0.38. At the end of the last trading period, Cipher Mining closed at $2.35.

With a Buy rating, Janney Montgomery Scott initiated coverage on Stem Inc STEM. The price target seems to have been set at $12.00 for Stem. In the first quarter, Stem showed an EPS of $0.29, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.01 and a 52-week-low of $3.71. Stem closed at $5.57 at the end of the last trading period.

With a Neutral rating, Atlantic Equities initiated coverage on United Parcel Service Inc UPS. The price target seems to have been set at $162.00 for United Parcel Service. In the first quarter, United Parcel Service showed an EPS of $2.20, compared to $3.05 from 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 $170.14.

With an Overweight rating, Atlantic Equities initiated coverage on FedEx Corp FDX. The price target seems to have been set at $265.00 for FedEx. In the third quarter, FedEx showed an EPS of $3.41, compared to $4.59 from the year-ago quarter. At the moment, the stock has a 52-week-high of $248.65 and a 52-week-low of $141.92. FedEx closed at $221.08 at the end of the last trading period.

JP Morgan initiated coverage on Eaton Corp PLC ETN with a Neutral rating. The price target for Eaton Corp is set to $178.00. Eaton Corp earned $1.88 in the first quarter, compared to $1.62 in the year-ago quarter. The stock has a 52-week-high of $187.38 and a 52-week-low of $122.50. At the end of the last trading period, Eaton Corp closed at $186.48.

DA Davidson initiated coverage on Appian Corp APPN with a Neutral rating. The price target for Appian is set to $40.00. In the first quarter, Appian showed an EPS of $0.27, compared to $0.06 from the year-ago quarter. The current stock performance of Appian shows a 52-week-high of $57.42 and a 52-week-low of $29.80. Moreover, at the end of the last trading period, the closing price was at $44.14.

DA Davidson initiated coverage on Pegasystems Inc PEGA with a Neutral rating. The price target for Pegasystems is set to $48.00. In the first quarter, Pegasystems showed an EPS of $0.23, compared to $0.59 from the year-ago quarter. The stock has a 52-week-high of $55.40 and a 52-week-low of $29.16. At the end of the last trading period, Pegasystems closed at $48.61.

DA Davidson initiated coverage on Dynatrace Inc DT with a Neutral rating. The price target for Dynatrace is set to $50.00. For the fourth quarter, Dynatrace had an EPS of $0.31, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $52.99 and a 52-week-low of $31.55. At the end of the last trading period, Dynatrace closed at $52.62.

With a Neutral rating, Wedbush initiated coverage on Lyft Inc LYFT. The price target seems to have been set at $10.00 for Lyft. For the first quarter, Lyft had an EPS of $0.07, compared to year-ago quarter EPS of $0.07. The stock has a 52-week-high of $21.52 and a 52-week-low of $7.85. At the end of the last trading period, Lyft closed at $9.72.

Wedbush initiated coverage on DoorDash Inc DASH with a Neutral rating. The price target for DoorDash is set to $75.00. In the first quarter, DoorDash showed an EPS of $0.41, compared to $0.48 from the year-ago quarter. The stock has a 52-week-high of $86.98 and a 52-week-low of $41.40. At the end of the last trading period, DoorDash closed at $67.88.

With an Outperform rating, Wedbush initiated coverage on Uber Technologies Inc UBER. The price target seems to have been set at $46.00 for Uber Technologies. For the first quarter, Uber Technologies had an EPS of $0.08, compared to year-ago quarter EPS of $0.18. The current stock performance of Uber Technologies shows a 52-week-high of $40.79 and a 52-week-low of $19.90. Moreover, at the end of the last trading period, the closing price was at $39.73.

Wedbush initiated coverage on Clear Secure Inc YOU with a Neutral rating. The price target for Clear Secure is set to $27.00. In the first quarter, Clear Secure showed an EPS of $0.06, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $35.00 and a 52-week-low of $18.95. At the end of the last trading period, Clear Secure closed at $24.73.

Wedbush initiated coverage on Airbnb Inc ABNB with a Neutral rating. The price target for Airbnb is set to $130.00. Airbnb earned $0.18 in the first quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $144.63 and a 52-week-low of $81.92. Airbnb closed at $115.69 at the end of the last trading period.

With an Outperform rating, Wedbush initiated coverage on Booking Holdings Inc BKNG. The price target seems to have been set at $3060.00 for Booking Holdings. In the first quarter, Booking Holdings showed an EPS of $11.60, compared to $3.90 from the year-ago quarter. The current stock performance of Booking Holdings shows a 52-week-high of $2786.85 and a 52-week-low of $1621.49. Moreover, at the end of the last trading period, the closing price was at $2670.76.

With a Neutral rating, Wedbush initiated coverage on Expedia Group Inc EXPE. The price target seems to have been set at $116.00 for Expedia Group. In the first quarter, Expedia Group showed an EPS of $0.20, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $135.35 and a 52-week-low of $82.39. At the end of the last trading period, Expedia Group closed at $106.90.

With an Outperform rating, Baird initiated coverage on Agenus Inc AGEN. The price target seems to have been set at $8.00 for Agenus. In the first quarter, Agenus showed an EPS of $0.22, compared to $0.19 from the year-ago quarter. The current stock performance of Agenus shows a 52-week-high of $3.37 and a 52-week-low of $1.25. Moreover, at the end of the last trading period, the closing price was at $1.73.

With a Buy rating, Benchmark initiated coverage on Turning Point Brands Inc TPB. The price target seems to have been set at $28.00 for Turning Point Brands. Turning Point Brands earned $0.62 in the first quarter, compared to $0.71 in the year-ago quarter. The stock has a 52-week-high of $30.79 and a 52-week-low of $18.81. At the end of the last trading period, Turning Point Brands closed at $21.64.

See all analyst ratings initiations.