Benzinga's Top Ratings Upgrades, Downgrades For June 20, 2023

Upgrades

Tudor Pickering upgraded the previous rating for EQT Corp EQT from Hold to Buy. EQT earned $1.70 in the first quarter, compared to $0.81 in the year-ago quarter. At the moment, the stock has a 52-week-high of $51.95 and a 52-week-low of $28.11. EQT closed at $39.64 at the end of the last trading period.

According to Wells Fargo, the prior rating for Ball Corp BALL was changed from Underweight to Equal-Weight. Ball earned $0.69 in the first quarter, compared to $1.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $74.34 and a 52-week-low of $46.00. Ball closed at $58.43 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Avis Budget Group Inc CAR from Equal-Weight to Overweight. Avis Budget Gr earned $7.72 in the first quarter, compared to $9.99 in the year-ago quarter. The current stock performance of Avis Budget Gr shows a 52-week-high of $251.26 and a 52-week-low of $131.85. Moreover, at the end of the last trading period, the closing price was at $204.29.

According to Morgan Stanley, the prior rating for US Foods Holding Corp USFD was changed from Equal-Weight to Overweight. In the first quarter, US Foods Hldg showed an EPS of $0.50, compared to $0.36 from the year-ago quarter. The stock has a 52-week-high of $42.36 and a 52-week-low of $25.55. At the end of the last trading period, US Foods Hldg closed at $41.65.

According to Morgan Stanley, the prior rating for Baidu Inc BIDU was changed from Equal-Weight to Overweight. In the first quarter, Baidu showed an EPS of $2.34, compared to $1.77 from the year-ago quarter. The current stock performance of Baidu shows a 52-week-high of $160.88 and a 52-week-low of $73.59. Moreover, at the end of the last trading period, the closing price was at $145.11.

Credit Suisse upgraded the previous rating for Studio City International Holdings Ltd MSC from Neutral to Outperform. In the first quarter, Studio City Intl Hldgs showed an EPS of $0.17, compared to $0.54 from the year-ago quarter.

According to Credit Suisse, the prior rating for Melco Resorts and Entertainment Ltd MLCO was changed from Neutral to Outperform. Melco Resorts and Enter earned $0.14 in the first quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.46 and a 52-week-low of $4.70. Melco Resorts and Enter closed at $12.52 at the end of the last trading period.

JMP Securities upgraded the previous rating for EPR Properties EPR from Market Perform to Market Outperform. For the first quarter, EPR Props had an EPS of $1.26, compared to year-ago quarter EPS of $1.10. The stock has a 52-week-high of $55.90 and a 52-week-low of $33.92. At the end of the last trading period, EPR Props closed at $45.80.

For Philip Morris International Inc PM, Citigroup upgraded the previous rating of Neutral to Buy. Philip Morris Intl earned $1.38 in the first quarter, compared to $1.58 in the year-ago quarter. The current stock performance of Philip Morris Intl shows a 52-week-high of $105.62 and a 52-week-low of $82.85. Moreover, at the end of the last trading period, the closing price was at $94.89.

Keybanc upgraded the previous rating for Universal Stainless & Alloy Products Inc USAP from Sector Weight to Overweight. In the first quarter, Universal Stainless showed an EPS of $0.06, compared to $0.18 from the year-ago quarter. The current stock performance of Universal Stainless shows a 52-week-high of $12.34 and a 52-week-low of $6.56. Moreover, at the end of the last trading period, the closing price was at $12.00.

See all analyst ratings upgrades.

Downgrades

For Nike Inc NKE, OTR Global downgraded the previous rating of Positive to Mixed. Nike earned $0.79 in the third quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $131.31 and a 52-week-low of $82.24. Nike closed at $113.59 at the end of the last trading period.

For Portland General Electric Co POR, Guggenheim downgraded the previous rating of Buy to Neutral. Portland Gen Electric earned $0.80 in the first quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $56.26 and a 52-week-low of $41.68. At the end of the last trading period, Portland Gen Electric closed at $48.67.

Wedbush downgraded the previous rating for Surface Oncology Inc SURF from Outperform to Neutral. Surface Oncology earned $0.33 in the first quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.14 and a 52-week-low of $0.56. Surface Oncology closed at $0.79 at the end of the last trading period.

Baird downgraded the previous rating for Surface Oncology Inc SURF from Outperform to Neutral. Surface Oncology earned $0.33 in the first quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Surface Oncology shows a 52-week-high of $2.14 and a 52-week-low of $0.56. Moreover, at the end of the last trading period, the closing price was at $0.79.

Morgan Stanley downgraded the previous rating for Performance Food Group Co PFGC from Overweight to Equal-Weight. In the third quarter, Performance Food Gr showed an EPS of $0.83, compared to $0.51 from the year-ago quarter. The stock has a 52-week-high of $63.22 and a 52-week-low of $38.81. At the end of the last trading period, Performance Food Gr closed at $56.31.

For Surface Oncology Inc SURF, HC Wainwright & Co. downgraded the previous rating of Buy to Neutral. Surface Oncology earned $0.33 in the first quarter, compared to $0.13 in the year-ago quarter. The current stock performance of Surface Oncology shows a 52-week-high of $2.14 and a 52-week-low of $0.56. Moreover, at the end of the last trading period, the closing price was at $0.79.

Raymond James downgraded the previous rating for Palantir Technologies Inc PLTR from Strong Buy to Outperform. In the first quarter, Palantir Technologies showed an EPS of $0.05, compared to $0.02 from the year-ago quarter. The current stock performance of Palantir Technologies shows a 52-week-high of $17.16 and a 52-week-low of $5.84. Moreover, at the end of the last trading period, the closing price was at $16.30.

Goldman Sachs downgraded the previous rating for Gates Industrial Corp PLC GTES from Buy to Neutral. Gates Industrial Corp earned $0.25 in the first quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.93 and a 52-week-low of $9.44. Gates Industrial Corp closed at $13.04 at the end of the last trading period.

According to RBC Capital, the prior rating for Abcam PLC ABCM was changed from Outperform to Sector Perform. NoneThe current stock performance of Abcam shows a 52-week-high of $22.54 and a 52-week-low of $12.48. Moreover, at the end of the last trading period, the closing price was at $22.31.

Jefferies downgraded the previous rating for Milestone Pharmaceuticals Inc MIST from Buy to Hold. For the first quarter, Milestone Pharmaceuticals had an EPS of $0.35, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $9.80 and a 52-week-low of $3.10. Milestone Pharmaceuticals closed at $3.50 at the end of the last trading period.

For Public Service Enterprise Group Inc PEG, Seaport Global downgraded the previous rating of Buy to Neutral. For the first quarter, Public Service Enterprise had an EPS of $1.39, compared to year-ago quarter EPS of $1.33. At the moment, the stock has a 52-week-high of $69.90 and a 52-week-low of $52.53. Public Service Enterprise closed at $62.54 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Buy rating, ThinkEquity initiated coverage on G Medical Innovations Holdings Ltd GMVD. The price target seems to have been set at $4.00 for G Medical Innovations. NoneThe stock has a 52-week-high of $41.30 and a 52-week-low of $0.34. At the end of the last trading period, G Medical Innovations closed at $0.38.

Roth MKM initiated coverage on Tigo Energy Inc TYGO with a Buy rating. The price target for Tigo Energy is set to $21.00. At the moment, the stock has a 52-week-high of $27.00 and a 52-week-low of $9.69. Tigo Energy closed at $16.20 at the end of the last trading period.

Craig-Hallum initiated coverage on Tigo Energy Inc TYGO with a Buy rating. The price target for Tigo Energy is set to $28.00. At the moment, the stock has a 52-week-high of $27.00 and a 52-week-low of $9.69. Tigo Energy closed at $16.20 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on Regenxbio Inc RGNX. The price target seems to have been set at $42.00 for Regenxbio. For the first quarter, Regenxbio had an EPS of $1.53, compared to year-ago quarter EPS of $1.79. At the moment, the stock has a 52-week-high of $35.55 and a 52-week-low of $17.02. Regenxbio closed at $19.88 at the end of the last trading period.

Wells Fargo initiated coverage on Atmus Filtration Technologies Inc ATMU with an Overweight rating. The price target for Atmus Filtration Techs is set to $24.00. The stock has a 52-week-high of $22.50 and a 52-week-low of $19.10. At the end of the last trading period, Atmus Filtration Techs closed at $19.52.

BMO Capital initiated coverage on Bravo Multinational Inc BRVO with an Outperform rating. The price target for Bravo Multinational is set to $5.50.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Progressive Corp PGR. The price target seems to have been set at $135.00 for Progressive. For the first quarter, Progressive had an EPS of $0.65, compared to year-ago quarter EPS of $1.11. The current stock performance of Progressive shows a 52-week-high of $149.87 and a 52-week-low of $108.67. Moreover, at the end of the last trading period, the closing price was at $129.99.

Morgan Stanley initiated coverage on Marsh & McLennan Companies Inc MMC with a Equal-Weight rating. The price target for Marsh & McLennan is set to $202.00. In the first quarter, Marsh & McLennan showed an EPS of $2.53, compared to $2.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $182.67 and a 52-week-low of $143.37. Marsh & McLennan closed at $181.15 at the end of the last trading period.

Morgan Stanley initiated coverage on RenaissanceRe Holdings Ltd RNR with a Equal-Weight rating. The price target for RenaissanceRe Holdings is set to $222.00. RenaissanceRe Holdings earned $8.16 in the first quarter, compared to $3.50 in the year-ago quarter. The stock has a 52-week-high of $223.80 and a 52-week-low of $124.20. At the end of the last trading period, RenaissanceRe Holdings closed at $191.83.

EF Hutton initiated coverage on CalciMedica Inc CALC with a Buy rating. The price target for CalciMedica is set to $17.00.

Morgan Stanley initiated coverage on The Hartford Financial Services Group Inc HIG with a Equal-Weight rating. The price target for Hartford Finl Servs Gr is set to $71.00. In the first quarter, Hartford Finl Servs Gr showed an EPS of $1.68, compared to $1.66 from the year-ago quarter. The stock has a 52-week-high of $79.44 and a 52-week-low of $60.19. At the end of the last trading period, Hartford Finl Servs Gr closed at $71.88.

With a Equal-Weight rating, Morgan Stanley initiated coverage on The Travelers Companies Inc TRV. The price target seems to have been set at $185.00 for Travelers Companies. For the first quarter, Travelers Companies had an EPS of $4.11, compared to year-ago quarter EPS of $4.22. The stock has a 52-week-high of $194.51 and a 52-week-low of $149.68. At the end of the last trading period, Travelers Companies closed at $176.75.

Morgan Stanley initiated coverage on Chubb Ltd CB with a Equal-Weight rating. The price target for Chubb is set to $192.00. For the first quarter, Chubb had an EPS of $4.41, compared to year-ago quarter EPS of $3.83. The stock has a 52-week-high of $231.37 and a 52-week-low of $173.88. At the end of the last trading period, Chubb closed at $194.94.

Morgan Stanley initiated coverage on Willis Towers Watson PLC WTW with a Equal-Weight rating. The price target for Willis Towers Watson is set to $251.00. In the first quarter, Willis Towers Watson showed an EPS of $2.84, compared to $2.66 from the year-ago quarter. The stock has a 52-week-high of $258.93 and a 52-week-low of $187.89. At the end of the last trading period, Willis Towers Watson closed at $235.00.

Morgan Stanley initiated coverage on Aon PLC AON with a Equal-Weight rating. The price target for Aon is set to $340.00. Aon earned $5.17 in the first quarter, compared to $4.83 in the year-ago quarter. The stock has a 52-week-high of $338.27 and a 52-week-low of $246.51. At the end of the last trading period, Aon closed at $329.38.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Allstate Corp ALL. The price target seems to have been set at $117.00 for Allstate. Allstate earned $1.30 in the first quarter, compared to $2.58 in the year-ago quarter. At the moment, the stock has a 52-week-high of $142.15 and a 52-week-low of $103.20. Allstate closed at $111.17 at the end of the last trading period.

Morgan Stanley initiated coverage on American International Group Inc AIG with a Equal-Weight rating. The price target for American Intl Gr is set to $57.00. For the first quarter, American Intl Gr had an EPS of $1.63, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $64.88 and a 52-week-low of $45.66. At the end of the last trading period, American Intl Gr closed at $57.30.

For Confluent Inc CFLT, Wolfe Research initiated coverage, by setting the current rating at Peer Perform. Confluent earned $0.09 in the first quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.51 and a 52-week-low of $16.60. Confluent closed at $34.69 at the end of the last trading period.

For GitLab Inc GTLB, Wolfe Research initiated coverage, by setting the current rating at Peer Perform. In the first quarter, GitLab showed an EPS of $0.06, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $70.91 and a 52-week-low of $26.24. GitLab closed at $51.24 at the end of the last trading period.

With a Buy rating, Redburn Partners initiated coverage on ManpowerGroup Inc MAN. The price target seems to have been set at $94.00 for ManpowerGroup. ManpowerGroup earned $1.61 in the first quarter, compared to $1.88 in the year-ago quarter. At the moment, the stock has a 52-week-high of $92.43 and a 52-week-low of $64.10. ManpowerGroup closed at $76.56 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on Atmus Filtration Technologies Inc ATMU. The price target seems to have been set at $24.00 for Atmus Filtration Techs. At the moment, the stock has a 52-week-high of $22.50 and a 52-week-low of $19.10. Atmus Filtration Techs closed at $19.52 at the end of the last trading period.

With a Neutral rating, Redburn Partners initiated coverage on Robert Half International Inc RHI. The price target seems to have been set at $76.00 for Robert Half International. Robert Half International earned $1.14 in the first quarter, compared to $1.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $89.78 and a 52-week-low of $64.65. Robert Half International closed at $73.42 at the end of the last trading period.

With an Overweight rating, Morgan Stanley initiated coverage on Everest Re Group Ltd RE. The price target seems to have been set at $429.00 for Everest Re Group. Everest Re Group earned $11.31 in the first quarter, compared to $10.31 in the year-ago quarter. The stock has a 52-week-high of $395.00 and a 52-week-low of $244.67. At the end of the last trading period, Everest Re Group closed at $352.35.

UBS initiated coverage on Molina Healthcare Inc MOH with a Neutral rating. The price target for Molina Healthcare is set to $310.00. For the first quarter, Molina Healthcare had an EPS of $5.81, compared to year-ago quarter EPS of $4.90. The stock has a 52-week-high of $373.78 and a 52-week-low of $250.24. At the end of the last trading period, Molina Healthcare closed at $278.02.

With a Neutral rating, UBS initiated coverage on Centene Corp CNC. The price target seems to have been set at $72.00 for Centene. Centene earned $2.11 in the first quarter, compared to $1.83 in the year-ago quarter. The current stock performance of Centene shows a 52-week-high of $98.50 and a 52-week-low of $61.34. Moreover, at the end of the last trading period, the closing price was at $65.66.

Morgan Stanley initiated coverage on Lemonade Inc LMND with an Underweight rating. The price target for Lemonade is set to $14.00. Lemonade earned $0.95 in the first quarter, compared to $1.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.97 and a 52-week-low of $10.29. Lemonade closed at $19.70 at the end of the last trading period.

With an Overweight rating, Morgan Stanley initiated coverage on Arch Capital Group Ltd ACGL. The price target seems to have been set at $92.00 for Arch Capital Group. Arch Capital Group earned $1.73 in the first quarter, compared to $1.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $78.30 and a 52-week-low of $41.05. Arch Capital Group closed at $71.16 at the end of the last trading period.

B of A Securities initiated coverage on Atmus Filtration Technologies Inc ATMU with a Buy rating. The price target for Atmus Filtration Techs is set to $25.00. The current stock performance of Atmus Filtration Techs shows a 52-week-high of $22.50 and a 52-week-low of $19.10. Moreover, at the end of the last trading period, the closing price was at $19.52.

HC Wainwright & Co. initiated coverage on Calliditas Therapeutics AB CALT with a Buy rating. The price target for Calliditas Therapeutics is set to $60.00. Calliditas Therapeutics earned $0.33 in the first quarter, compared to $0.85 in the year-ago quarter.

Goldman Sachs initiated coverage on Atmus Filtration Technologies Inc ATMU with a Buy rating. The price target for Atmus Filtration Techs is set to $30.00. The stock has a 52-week-high of $22.50 and a 52-week-low of $19.10. At the end of the last trading period, Atmus Filtration Techs closed at $19.52.

BMO Capital initiated coverage on Entegris Inc ENTG with an Outperform rating. The price target for Entegris is set to $129.00. For the first quarter, Entegris had an EPS of $0.65, compared to year-ago quarter EPS of $1.06. The stock has a 52-week-high of $114.47 and a 52-week-low of $61.77. At the end of the last trading period, Entegris closed at $106.51.

With an Outperform rating, BMO Capital initiated coverage on Element Solutions Inc ESI. The price target seems to have been set at $23.00 for Element Solutions. For the first quarter, Element Solutions had an EPS of $0.30, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $21.90 and a 52-week-low of $15.32. At the end of the last trading period, Element Solutions closed at $18.96.

JP Morgan initiated coverage on Atmus Filtration Technologies Inc ATMU with an Overweight rating. The price target for Atmus Filtration Techs is set to $28.00. The stock has a 52-week-high of $22.50 and a 52-week-low of $19.10. At the end of the last trading period, Atmus Filtration Techs closed at $19.52.

Oppenheimer initiated coverage on Galecto Inc GLTO with an Outperform rating. The price target for Galecto is set to $12.00. Galecto earned $0.51 in the first quarter, compared to $0.67 in the year-ago quarter. The current stock performance of Galecto shows a 52-week-high of $2.95 and a 52-week-low of $1.06. Moreover, at the end of the last trading period, the closing price was at $2.84.

See all analyst ratings initiations.