Benzinga's Top Ratings Upgrades, Downgrades For June 12, 2023

Upgrades

For adidas AG ADDYY, Bernstein upgraded the previous rating of Market Perform to Outperform. In the first quarter, adidas showed an EPS of $0.10, compared to $0.90 from the year-ago quarter. The current stock performance of adidas shows a 52-week-high of $97.43 and a 52-week-low of $45.48. Moreover, at the end of the last trading period, the closing price was at $86.19.

For Carnival Corp CCL, B of A Securities upgraded the previous rating of Neutral to Buy. In the first quarter, Carnival showed an EPS of $0.55, compared to $1.66 from the year-ago quarter. The current stock performance of Carnival shows a 52-week-high of $13.39 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $13.09.

Alliance Global Partners upgraded the previous rating for Alimera Sciences Inc ALIM from Neutral to Buy. Alimera Sciences earned $0.71 in the first quarter, compared to $0.85 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.92 and a 52-week-low of $1.30. Alimera Sciences closed at $2.50 at the end of the last trading period.

Scotiabank upgraded the previous rating for Kinetik Holdings Inc KNTK from Sector Perform to Sector Outperform. For the first quarter, Kinetik Holdings had an EPS of $0.06, compared to year-ago quarter EPS of $0.21. The current stock performance of Kinetik Holdings shows a 52-week-high of $44.91 and a 52-week-low of $26.32. Moreover, at the end of the last trading period, the closing price was at $32.84.

For Abercrombie & Fitch Co ANF, Argus Research upgraded the previous rating of Hold to Buy. In the first quarter, Abercrombie & Fitch showed an EPS of $0.39, compared to $0.27 from the year-ago quarter. The stock has a 52-week-high of $35.38 and a 52-week-low of $14.06. At the end of the last trading period, Abercrombie & Fitch closed at $34.24.

For Tesla Inc TSLA, KGI Securities upgraded the previous rating of Neutral to Outperform. Tesla earned $0.85 in the first quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $314.67 and a 52-week-low of $101.81. At the end of the last trading period, Tesla closed at $244.40.

William Blair upgraded the previous rating for MSA Safety Inc MSA from Market Perform to Outperform. MSA Safety earned $1.36 in the first quarter, compared to $1.10 in the year-ago quarter. The stock has a 52-week-high of $154.73 and a 52-week-low of $108.94. At the end of the last trading period, MSA Safety closed at $154.15.

Raymond James upgraded the previous rating for Disc Medicine Inc IRON from Outperform to Strong Buy. Disc Medicine earned $1.20 in the first quarter, compared to $10.67 in the year-ago quarter. The stock has a 52-week-high of $211.50 and a 52-week-low of $13.50. At the end of the last trading period, Disc Medicine closed at $45.69.

For AutoZone Inc AZO, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. In the third quarter, AutoZone showed an EPS of $34.12, compared to $29.03 from the year-ago quarter. The stock has a 52-week-high of $2750.00 and a 52-week-low of $1964.93. At the end of the last trading period, AutoZone closed at $2363.19.

According to Guggenheim, the prior rating for CenterPoint Energy Inc CNP was changed from Neutral to Buy. CenterPoint Energy earned $0.50 in the first quarter, compared to $0.47 in the year-ago quarter. The stock has a 52-week-high of $33.22 and a 52-week-low of $25.03. At the end of the last trading period, CenterPoint Energy closed at $28.95.

According to SVB Leerink, the prior rating for Reata Pharmaceuticals Inc RETA was changed from Market Perform to Outperform. In the first quarter, Reata Pharmaceuticals showed an EPS of $1.81, compared to $1.33 from the year-ago quarter. The current stock performance of Reata Pharmaceuticals shows a 52-week-high of $106.69 and a 52-week-low of $18.47. Moreover, at the end of the last trading period, the closing price was at $93.80.

According to Evercore ISI Group, the prior rating for Extra Space Storage Inc EXR was changed from Underperform to In-Line. For the first quarter, Extra Space Storage had an EPS of $2.02, compared to year-ago quarter EPS of $2.01. The stock has a 52-week-high of $216.33 and a 52-week-low of $139.97. At the end of the last trading period, Extra Space Storage closed at $144.50.

For SentinelOne Inc S, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the first quarter, SentinelOne had an EPS of $0.15, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $30.00 and a 52-week-low of $12.43. SentinelOne closed at $14.55 at the end of the last trading period.

According to JP Morgan, the prior rating for Petroleo Brasileiro SA Petrobras PBR was changed from Neutral to Overweight. In the first quarter, Petrobras Brasileiro showed an EPS of $1.12, compared to $1.32 from the year-ago quarter. 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 $13.76 at the end of the last trading period.

For Carnival Corp CCL, JP Morgan upgraded the previous rating of Neutral to Overweight. In the first quarter, Carnival showed an EPS of $0.55, compared to $1.66 from the year-ago quarter. The stock has a 52-week-high of $13.39 and a 52-week-low of $6.12. At the end of the last trading period, Carnival closed at $13.09.

Wolfe Research upgraded the previous rating for Oracle Corp ORCL from Peer Perform to Outperform. At the moment, the stock has a 52-week-high of $110.15 and a 52-week-low of $60.78. Oracle closed at $109.85 at the end of the last trading period.

According to Keybanc, the prior rating for Ameren Corp AEE was changed from Sector Weight to Overweight. Ameren earned $1.00 in the first quarter, compared to $0.97 in the year-ago quarter. The current stock performance of Ameren shows a 52-week-high of $97.52 and a 52-week-low of $73.41. Moreover, at the end of the last trading period, the closing price was at $83.36.

See all analyst ratings upgrades.

Downgrades

According to B of A Securities, the prior rating for Ternium SA TX was changed from Buy to Neutral. For the first quarter, Ternium had an EPS of $1.91, compared to year-ago quarter EPS of $3.95. The current stock performance of Ternium shows a 52-week-high of $45.81 and a 52-week-low of $26.09. Moreover, at the end of the last trading period, the closing price was at $42.35.

Credit Suisse downgraded the previous rating for Vtex VTEX from Outperform to Neutral. Vtex earned $0.04 in the first quarter, compared to $0.10 in the year-ago quarter. The current stock performance of Vtex shows a 52-week-high of $5.43 and a 52-week-low of $2.69. Moreover, at the end of the last trading period, the closing price was at $4.39.

Northcoast Research downgraded the previous rating for CarMax Inc KMX from Buy to Neutral. In the fourth quarter, CarMax showed an EPS of $0.44, compared to $0.98 from the year-ago quarter. At the moment, the stock has a 52-week-high of $106.23 and a 52-week-low of $52.13. CarMax closed at $78.81 at the end of the last trading period.

For Signet Jewelers Ltd SIG, Northcoast Research downgraded the previous rating of Buy to Neutral. In the first quarter, Signet Jewelers showed an EPS of $1.78, compared to $2.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $83.42 and a 52-week-low of $50.85. Signet Jewelers closed at $59.89 at the end of the last trading period.

According to Scotiabank, the prior rating for Methanex Corp MEOH was changed from Sector Outperform to Sector Perform. For the first quarter, Methanex had an EPS of $1.11, compared to year-ago quarter EPS of $2.16. The current stock performance of Methanex shows a 52-week-high of $54.83 and a 52-week-low of $28.73. Moreover, at the end of the last trading period, the closing price was at $43.43.

According to Seaport Global, the prior rating for Valvoline Inc VVV was changed from Buy to Neutral. For the second quarter, Valvoline had an EPS of $0.23, compared to year-ago quarter EPS of $0.48. The stock has a 52-week-high of $39.67 and a 52-week-low of $24.41. At the end of the last trading period, Valvoline closed at $37.14.

BMO Capital downgraded the previous rating for Rexford Industrial Realty Inc REXR from Outperform to Market Perform. For the first quarter, Rexford Industrial Realty had an EPS of $0.52, compared to year-ago quarter EPS of $0.48. The stock has a 52-week-high of $68.68 and a 52-week-low of $48.80. At the end of the last trading period, Rexford Industrial Realty closed at $51.38.

Wells Fargo downgraded the previous rating for Ares Management Corp ARES from Overweight to Equal-Weight. In the first quarter, Ares Management showed an EPS of $0.71, compared to $0.65 from the year-ago quarter. The stock has a 52-week-high of $92.75 and a 52-week-low of $53.19. At the end of the last trading period, Ares Management closed at $92.22.

Evercore ISI Group downgraded the previous rating for Floor & Decor Holdings Inc FND from Outperform to In-Line. For the first quarter, Floor & Decor Hldgs had an EPS of $0.66, compared to year-ago quarter EPS of $0.67. At the moment, the stock has a 52-week-high of $102.61 and a 52-week-low of $59.92. Floor & Decor Hldgs closed at $96.00 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for National Storage Affiliates Trust NSA was changed from Outperform to In-Line. In the first quarter, National Storage showed an EPS of $0.66, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.10 and a 52-week-low of $34.90. National Storage closed at $36.58 at the end of the last trading period.

Evercore ISI Group downgraded the previous rating for American Homes 4 Rent AMH from Outperform to In-Line. For the first quarter, American Homes 4 Rent had an EPS of $0.41, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $38.94 and a 52-week-low of $28.79. At the end of the last trading period, American Homes 4 Rent closed at $35.14.

Morgan Stanley downgraded the previous rating for Expensify Inc EXFY from Equal-Weight to Underweight. For the first quarter, Expensify had an EPS of $0.05, compared to year-ago quarter EPS of $0.09. The current stock performance of Expensify shows a 52-week-high of $25.36 and a 52-week-low of $5.67. Moreover, at the end of the last trading period, the closing price was at $7.17.

According to Morgan Stanley, the prior rating for BILL Holdings Inc BILL was changed from Overweight to Equal-Weight. For the third quarter, BILL Holdings had an EPS of $0.50, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $179.18 and a 52-week-low of $68.30. At the end of the last trading period, BILL Holdings closed at $115.26.

According to HSBC, the prior rating for VNET Group Inc VNET was changed from Buy to Hold. VNET Gr earned $0.06 in the first quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.83 and a 52-week-low of $2.53. VNET Gr closed at $3.10 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Sell rating, Odeon Capital initiated coverage on Ally Financial Inc ALLY. The price target seems to have been set at $25.00 for Ally Financial. For the first quarter, Ally Financial had an EPS of $0.82, compared to year-ago quarter EPS of $2.03. The stock has a 52-week-high of $41.72 and a 52-week-low of $21.59. At the end of the last trading period, Ally Financial closed at $28.00.

Guggenheim initiated coverage on Centessa Pharmaceuticals PLC CNTA with a Buy rating. The price target for Centessa Pharmaceuticals is set to $9.00. For the first quarter, Centessa Pharmaceuticals had an EPS of $0.53, compared to year-ago quarter EPS of $0.60. The current stock performance of Centessa Pharmaceuticals shows a 52-week-high of $5.95 and a 52-week-low of $3.00. Moreover, at the end of the last trading period, the closing price was at $4.61.

With a Buy rating, EF Hutton initiated coverage on Kimball Electronics Inc KE. The price target seems to have been set at $37.00 for Kimball Electronics. For the third quarter, Kimball Electronics had an EPS of $0.65, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $28.18 and a 52-week-low of $17.12. Kimball Electronics closed at $25.62 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on US Goldmining Inc USGO. The price target seems to have been set at $20.00 for US Goldmining. The stock has a 52-week-high of $17.24 and a 52-week-low of $8.31. At the end of the last trading period, US Goldmining closed at $12.19.

With a Buy rating, HC Wainwright & Co. initiated coverage on Oculis Holding AG OCS. The price target seems to have been set at $28.00 for Oculis Holding. The stock has a 52-week-high of $13.95 and a 52-week-low of $6.26. At the end of the last trading period, Oculis Holding closed at $11.07.

With an Overweight rating, Piper Sandler initiated coverage on InspireMD Inc NSPR. The price target seems to have been set at $3.00 for InspireMD. InspireMD earned $0.53 in the first quarter, compared to $0.57 in the year-ago quarter. The current stock performance of InspireMD shows a 52-week-high of $2.40 and a 52-week-low of $0.81. Moreover, at the end of the last trading period, the closing price was at $1.69.

Jefferies initiated coverage on ArcBest Corp ARCB with a Buy rating. The price target for ArcBest is set to $110.00. In the first quarter, ArcBest showed an EPS of $1.58, compared to $3.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $104.87 and a 52-week-low of $66.46. ArcBest closed at $85.20 at the end of the last trading period.

Jefferies initiated coverage on Saia Inc SAIA with a Buy rating. The price target for Saia is set to $350.00. For the first quarter, Saia had an EPS of $2.85, compared to year-ago quarter EPS of $2.98. The current stock performance of Saia shows a 52-week-high of $308.98 and a 52-week-low of $169.01. Moreover, at the end of the last trading period, the closing price was at $294.79.

With a Hold rating, Jefferies initiated coverage on Old Dominion Freight Line Inc ODFL. The price target seems to have been set at $350.00 for Old Dominion Freight Line. In the first quarter, Old Dominion Freight Line showed an EPS of $2.58, compared to $2.60 from the year-ago quarter. The current stock performance of Old Dominion Freight Line shows a 52-week-high of $381.81 and a 52-week-low of $231.79. Moreover, at the end of the last trading period, the closing price was at $306.19.

See all analyst ratings initiations.