Benzinga's Top Ratings Upgrades, Downgrades For June 13, 2023

Upgrades

According to Goldman Sachs, the prior rating for Oracle Corp ORCL was changed from Sell to Neutral. For the fourth quarter, Oracle had an EPS of $1.67, compared to year-ago quarter EPS of $1.54. The current stock performance of Oracle shows a 52-week-high of $117.51 and a 52-week-low of $60.78. Moreover, at the end of the last trading period, the closing price was at $116.43.

For BRP Inc DOOO, DA Davidson upgraded the previous rating of Neutral to Buy. BRP earned $1.76 in the first quarter, compared to $1.31 in the year-ago quarter. At the moment, the stock has a 52-week-high of $90.42 and a 52-week-low of $58.96. BRP closed at $75.06 at the end of the last trading period.

For Ulta Beauty Inc ULTA, Loop Capital upgraded the previous rating of Hold to Buy. For the first quarter, Ulta Beauty had an EPS of $6.88, compared to year-ago quarter EPS of $6.30. The stock has a 52-week-high of $556.60 and a 52-week-low of $360.75. At the end of the last trading period, Ulta Beauty closed at $424.91.

For Assurant Inc AIZ, Piper Sandler upgraded the previous rating of Neutral to Overweight. Assurant earned $2.75 in the first quarter, compared to $3.75 in the year-ago quarter. The current stock performance of Assurant shows a 52-week-high of $178.67 and a 52-week-low of $104.49. Moreover, at the end of the last trading period, the closing price was at $125.63.

For Surmodics Inc SRDX, Needham upgraded the previous rating of Hold to Buy. For the second quarter, Surmodics had an EPS of $0.40, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $39.53 and a 52-week-low of $16.00. Surmodics closed at $22.69 at the end of the last trading period.

For Devon Energy Corp DVN, Goldman Sachs upgraded the previous rating of Neutral to Buy. In the first quarter, Devon Energy showed an EPS of $1.46, compared to $1.88 from the year-ago quarter. The stock has a 52-week-high of $78.82 and a 52-week-low of $44.03. At the end of the last trading period, Devon Energy closed at $49.40.

HSBC upgraded the previous rating for StoneCo Ltd STNE from Hold to Buy. StoneCo earned $0.14 in the first quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $14.60 and a 52-week-low of $7.21. At the end of the last trading period, StoneCo closed at $13.25.

According to HSBC, the prior rating for PagSeguro Digital Ltd PAGS was changed from Hold to Buy. In the first quarter, PagSeguro Digital showed an EPS of $0.23, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.49 and a 52-week-low of $7.51. PagSeguro Digital closed at $10.12 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Urban Outfitters Inc URBN from Equal-Weight to Overweight. For the first quarter, Urban Outfitters had an EPS of $0.56, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $33.10 and a 52-week-low of $18.21. Urban Outfitters closed at $32.40 at the end of the last trading period.

According to Citigroup, the prior rating for EastGroup Properties Inc EGP was changed from Neutral to Buy. EastGroup Props earned $1.84 in the first quarter, compared to $1.68 in the year-ago quarter. The stock has a 52-week-high of $180.22 and a 52-week-low of $137.47. At the end of the last trading period, EastGroup Props closed at $169.77.

For Editas Medicine Inc EDIT, Raymond James upgraded the previous rating of Market Perform to Outperform. In the first quarter, Editas Medicine showed an EPS of $0.71, compared to $0.74 from the year-ago quarter. The current stock performance of Editas Medicine shows a 52-week-high of $19.97 and a 52-week-low of $6.33. Moreover, at the end of the last trading period, the closing price was at $9.93.

See all analyst ratings upgrades.

Downgrades

According to CJS Securities, the prior rating for Triton International Ltd TRTN was changed from Market Outperform to Market Perform. For the first quarter, Triton International had an EPS of $2.42, compared to year-ago quarter EPS of $2.76. The current stock performance of Triton International shows a 52-week-high of $83.82 and a 52-week-low of $48.66. Moreover, at the end of the last trading period, the closing price was at $83.28.

For Franchise Group Inc FRG, CJS Securities downgraded the previous rating of Market Outperform to Market Perform. In the first quarter, Franchise Group showed an EPS of $0.11, compared to $1.29 from the year-ago quarter. The current stock performance of Franchise Group shows a 52-week-high of $42.68 and a 52-week-low of $22.45. Moreover, at the end of the last trading period, the closing price was at $28.96.

BMO Capital downgraded the previous rating for Rexford Industrial Realty Inc REXR from to Market Perform. Rexford Industrial Realty earned $0.52 in the first quarter, compared to $0.48 in the year-ago quarter. 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 $50.99.

According to Stifel, the prior rating for Chinook Therapeutics Inc KDNY was changed from Buy to Hold. For the first quarter, Chinook Therapeutics had an EPS of $0.85, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $38.14 and a 52-week-low of $15.08. Chinook Therapeutics closed at $37.98 at the end of the last trading period.

UBS downgraded the previous rating for Weibo Corp WB from Buy to Neutral. In the first quarter, Weibo showed an EPS of $0.47, compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $25.57 and a 52-week-low of $10.02. At the end of the last trading period, Weibo closed at $14.46.

According to SVB Leerink, the prior rating for Chinook Therapeutics Inc KDNY was changed from Outperform to Market Perform. For the first quarter, Chinook Therapeutics had an EPS of $0.85, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $38.14 and a 52-week-low of $15.08. Chinook Therapeutics closed at $37.98 at the end of the last trading period.

According to HC Wainwright & Co., the prior rating for Chinook Therapeutics Inc KDNY was changed from Buy to Neutral. For the first quarter, Chinook Therapeutics had an EPS of $0.85, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $38.14 and a 52-week-low of $15.08. At the end of the last trading period, Chinook Therapeutics closed at $37.98.

Jefferies downgraded the previous rating for Global Payments Inc GPN from Buy to Hold. In the first quarter, Global Payments showed an EPS of $2.40, compared to $2.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $136.88 and a 52-week-low of $92.28. Global Payments closed at $100.70 at the end of the last trading period.

JP Morgan downgraded the previous rating for First Horizon Corp FHN from Overweight to Neutral. First Horizon earned $0.45 in the first quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $24.90 and a 52-week-low of $8.99. At the end of the last trading period, First Horizon closed at $11.81.

According to Atlantic Equities, the prior rating for PayPal Holdings Inc PYPL was changed from Overweight to Neutral. PayPal Holdings earned $1.17 in the first quarter, compared to $0.88 in the year-ago quarter. The stock has a 52-week-high of $103.02 and a 52-week-low of $58.95. At the end of the last trading period, PayPal Holdings closed at $63.73.

Goldman Sachs downgraded the previous rating for EOG Resources Inc EOG from Buy to Neutral. EOG Resources earned $2.69 in the first quarter, compared to $4.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $150.78 and a 52-week-low of $92.22. EOG Resources closed at $113.92 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Capri Holdings Ltd CPRI was changed from Overweight to Equal-Weight. Capri Holdings earned $0.97 in the fourth quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $69.25 and a 52-week-low of $34.25. Capri Holdings closed at $36.52 at the end of the last trading period.

Citigroup downgraded the previous rating for Rexford Industrial Realty Inc REXR from Buy to Neutral. In the first quarter, Rexford Industrial Realty showed an EPS of $0.52, compared to $0.48 from the year-ago quarter. The current stock performance of Rexford Industrial Realty shows a 52-week-high of $68.68 and a 52-week-low of $48.80. Moreover, at the end of the last trading period, the closing price was at $50.99.

For Apple Inc AAPL, UBS downgraded the previous rating of Buy to Neutral. In the second quarter, Apple showed an EPS of $1.52, compared to $1.52 from the year-ago quarter. The stock has a 52-week-high of $184.95 and a 52-week-low of $124.17. At the end of the last trading period, Apple closed at $183.79.

Keefe, Bruyette & Woods downgraded the previous rating for Radian Group Inc RDN from Outperform to Market Perform. In the first quarter, Radian Group showed an EPS of $0.98, compared to $1.17 from the year-ago quarter. The stock has a 52-week-high of $26.74 and a 52-week-low of $17.84. At the end of the last trading period, Radian Group closed at $25.92.

For Essent Group Ltd ESNT, Keefe, Bruyette & Woods downgraded the previous rating of Outperform to Market Perform. For the first quarter, Essent Group had an EPS of $1.59, compared to year-ago quarter EPS of $1.59. At the moment, the stock has a 52-week-high of $47.48 and a 52-week-low of $34.29. Essent Group closed at $46.34 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With an Outperform rating, Evercore ISI Group initiated coverage on 89bio Inc ETNB. The price target seems to have been set at $49.00 for 89bio. In the first quarter, 89bio showed an EPS of $0.54, compared to $1.26 from the year-ago quarter. At the moment, the stock has a 52-week-high of $21.56 and a 52-week-low of $2.94. 89bio closed at $21.19 at the end of the last trading period.

Northcoast Research initiated coverage on Ferguson PLC FERG with a Buy rating. The price target for Ferguson is set to $178.00. For the third quarter, Ferguson had an EPS of $2.20, compared to year-ago quarter EPS of $2.50. The current stock performance of Ferguson shows a 52-week-high of $151.00 and a 52-week-low of $99.24. Moreover, at the end of the last trading period, the closing price was at $146.23.

With a Buy rating, Northcoast Research initiated coverage on Core & Main Inc CNM. The price target seems to have been set at $40.00 for Core & Main. Core & Main earned $0.50 in the first quarter, compared to $0.50 in the year-ago quarter. The stock has a 52-week-high of $28.87 and a 52-week-low of $18.79. At the end of the last trading period, Core & Main closed at $28.23.

B of A Securities initiated coverage on Peakstone Realty Trust PKST with an Underperform rating. The price target for Peakstone Realty Trust is set to $27.00. Peakstone Realty Trust earned $0.68 in the first quarter, compared to $1.41 in the year-ago quarter. The stock has a 52-week-high of $47.00 and a 52-week-low of $8.00. At the end of the last trading period, Peakstone Realty Trust closed at $30.75.

With a Buy rating, Canaccord Genuity initiated coverage on Roblox Corp RBLX. The price target seems to have been set at $48.00 for Roblox. Roblox earned $0.44 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $53.87 and a 52-week-low of $23.89. At the end of the last trading period, Roblox closed at $38.95.

Citigroup initiated coverage on Alight Inc ALIT with a Buy rating. The price target for Alight is set to $12.00. Alight earned $0.13 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $10.19 and a 52-week-low of $6.31. Alight closed at $8.96 at the end of the last trading period.

With an In-Line rating, Evercore ISI Group initiated coverage on Agilon Health Inc AGL. The price target seems to have been set at $22.50 for Agilon Health. Agilon Health earned $0.04 in the first quarter, compared to $0.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $29.44 and a 52-week-low of $15.00. Agilon Health closed at $21.00 at the end of the last trading period.

Evercore ISI Group initiated coverage on Privia Health Group Inc PRVA with an Outperform rating. The price target for Privia Health Gr is set to $34.00. In the first quarter, Privia Health Gr showed an EPS of $0.16, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.62 and a 52-week-low of $20.64. Privia Health Gr closed at $28.30 at the end of the last trading period.

Oppenheimer initiated coverage on Clarivate PLC CLVT with an Outperform rating. The price target for Clarivate is set to $11.00. Clarivate earned $0.18 in the first quarter, compared to $0.21 in the year-ago quarter. The current stock performance of Clarivate shows a 52-week-high of $14.99 and a 52-week-low of $7.16. Moreover, at the end of the last trading period, the closing price was at $8.28.

Oppenheimer initiated coverage on Crane NXT Co CXT with an Outperform rating. The price target for Crane NXT is set to $70.00. The current stock performance of Crane NXT shows a 52-week-high of $57.17 and a 52-week-low of $39.00. Moreover, at the end of the last trading period, the closing price was at $55.78.

Rosenblatt initiated coverage on Xperi Inc XPER with a Buy rating. The price target for Xperi is set to $15.00. The current stock performance of Xperi shows a 52-week-high of $19.06 and a 52-week-low of $8.15. Moreover, at the end of the last trading period, the closing price was at $12.22.

With a Hold rating, Berenberg initiated coverage on Marqeta Inc MQ. The price target seems to have been set at $5.00 for Marqeta. Marqeta earned $0.13 in the first quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $11.28 and a 52-week-low of $3.46. At the end of the last trading period, Marqeta closed at $4.89.

Berenberg initiated coverage on CompoSecure Inc CMPO with a Buy rating. The price target for CompoSecure is set to $13.00. In the first quarter, CompoSecure showed an EPS of $0.23, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $7.90 and a 52-week-low of $4.26. At the end of the last trading period, CompoSecure closed at $6.93.

See all analyst ratings initiations.