Benzinga's Top Ratings Upgrades, Downgrades For July 10, 2023

Upgrades

According to Morgan Stanley, the prior rating for ShockWave Medical Inc SWAV was changed from Equal-Weight to Overweight. In the first quarter, ShockWave Medical showed an EPS of $1.03, compared to $0.39 from the year-ago quarter. The current stock performance of ShockWave Medical shows a 52-week-high of $320.00 and a 52-week-low of $172.50. Moreover, at the end of the last trading period, the closing price was at $261.77.

According to B of A Securities, the prior rating for Greif Inc GEF was changed from Underperform to Neutral. For the second quarter, Greif had an EPS of $1.77, compared to year-ago quarter EPS of $2.41. The current stock performance of Greif shows a 52-week-high of $74.05 and a 52-week-low of $57.38. Moreover, at the end of the last trading period, the closing price was at $68.07.

For Boise Cascade Co BCC, B of A Securities upgraded the previous rating of Underperform to Neutral. In the first quarter, Boise Cascade showed an EPS of $2.43, compared to $7.61 from the year-ago quarter. At the moment, the stock has a 52-week-high of $91.67 and a 52-week-low of $55.14. Boise Cascade closed at $90.26 at the end of the last trading period.

For Weyerhaeuser Co WY, B of A Securities upgraded the previous rating of Neutral to Buy. In the first quarter, Weyerhaeuser showed an EPS of $0.21, compared to $1.31 from the year-ago quarter. The current stock performance of Weyerhaeuser shows a 52-week-high of $37.35 and a 52-week-low of $27.37. Moreover, at the end of the last trading period, the closing price was at $33.45.

For Sylvamo Corp SLVM, B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Sylvamo had an EPS of $2.51, compared to year-ago quarter EPS of $1.97. The current stock performance of Sylvamo shows a 52-week-high of $57.27 and a 52-week-low of $29.15. Moreover, at the end of the last trading period, the closing price was at $40.86.

For Sealed Air Corp SEE, B of A Securities upgraded the previous rating of Neutral to Buy. For the first quarter, Sealed Air had an EPS of $0.74, compared to year-ago quarter EPS of $1.12. At the moment, the stock has a 52-week-high of $62.12 and a 52-week-low of $37.34. Sealed Air closed at $40.94 at the end of the last trading period.

For BlackRock Inc BLK, Keefe, Bruyette & Woods upgraded the previous rating of Market Perform to Outperform. In the first quarter, BlackRock showed an EPS of $7.93, compared to $9.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $785.25 and a 52-week-low of $505.01. BlackRock closed at $684.10 at the end of the last trading period.

Piper Sandler upgraded the previous rating for First Financial Bancorp FFBC from Neutral to Overweight. First Financial Bancor earned $0.76 in the first quarter, compared to $0.46 in the year-ago quarter. The current stock performance of First Financial Bancor shows a 52-week-high of $26.72 and a 52-week-low of $17.99. Moreover, at the end of the last trading period, the closing price was at $20.56.

For Patterson-UTI Energy Inc PTEN, RBC Capital upgraded the previous rating of Sector Perform to Outperform. For the first quarter, Patterson-UTI Energy had an EPS of $0.46, compared to year-ago quarter EPS of $0.13. The current stock performance of Patterson-UTI Energy shows a 52-week-high of $19.81 and a 52-week-low of $9.70. Moreover, at the end of the last trading period, the closing price was at $13.01.

Barclays upgraded the previous rating for Azul SA AZUL from Underweight to Equal-Weight. Azul earned $0.99 in the first quarter, compared to $1.14 in the year-ago quarter. The current stock performance of Azul shows a 52-week-high of $13.87 and a 52-week-low of $3.82. Moreover, at the end of the last trading period, the closing price was at $11.86.

For Charles Schwab Corp SCHW, JMP Securities upgraded the previous rating of Market Perform to Market Outperform. Charles Schwab earned $0.93 in the first quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $86.63 and a 52-week-low of $45.00. Charles Schwab closed at $56.79 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Check Point Software Technologies Ltd CHKP, OTR Global downgraded the previous rating of Positive to Mixed. For the first quarter, Check Point Software had an EPS of $1.80, compared to year-ago quarter EPS of $1.57. The current stock performance of Check Point Software shows a 52-week-high of $135.93 and a 52-week-low of $107.54. Moreover, at the end of the last trading period, the closing price was at $125.03.

Citigroup downgraded the previous rating for SIGNA Sports United NV SSU from Neutral to Sell. The current stock performance of SIGNA Sports United shows a 52-week-high of $7.40 and a 52-week-low of $2.76. Moreover, at the end of the last trading period, the closing price was at $2.98.

For Cedar Fair LP FUN, Citigroup downgraded the previous rating of Buy to Neutral. Cedar Fair earned $2.61 in the first quarter, compared to $1.56 in the year-ago quarter. The stock has a 52-week-high of $47.95 and a 52-week-low of $37.92. At the end of the last trading period, Cedar Fair closed at $39.24.

According to UBS, the prior rating for Northern Trust Corp NTRS was changed from Buy to Neutral. For the first quarter, Northern Trust had an EPS of $1.51, compared to year-ago quarter EPS of $1.77. The current stock performance of Northern Trust shows a 52-week-high of $104.56 and a 52-week-low of $69.54. Moreover, at the end of the last trading period, the closing price was at $74.32.

Itau BBA downgraded the previous rating for Companhia Siderurgica Nacional SID from Market Perform to Underperform. For the fourth quarter, Companhia Siderurgica had an EPS of $0.03, compared to year-ago quarter EPS of $0.14. The current stock performance of Companhia Siderurgica shows a 52-week-high of $3.70 and a 52-week-low of $2.20. Moreover, at the end of the last trading period, the closing price was at $2.67.

For MercadoLibre Inc MELI, B of A Securities downgraded the previous rating of Buy to Neutral. MercadoLibre earned $3.97 in the first quarter, compared to $1.30 in the year-ago quarter. The current stock performance of MercadoLibre shows a 52-week-high of $1365.64 and a 52-week-low of $616.00. Moreover, at the end of the last trading period, the closing price was at $1153.82.

Keefe, Bruyette & Woods downgraded the previous rating for Ares Management Corp ARES from Outperform to Market Perform. Ares Management earned $0.71 in the first quarter, compared to $0.65 in the year-ago quarter. The current stock performance of Ares Management shows a 52-week-high of $97.34 and a 52-week-low of $57.22. Moreover, at the end of the last trading period, the closing price was at $94.88.

According to B of A Securities, the prior rating for International Paper Co IP was changed from Neutral to Underperform. In the first quarter, International Paper showed an EPS of $0.53, compared to $0.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.17 and a 52-week-low of $29.00. International Paper closed at $31.80 at the end of the last trading period.

B of A Securities downgraded the previous rating for Graphic Packaging Holding Co GPK from Buy to Neutral. Graphic Packaging Holding earned $0.77 in the first quarter, compared to $0.48 in the year-ago quarter. The current stock performance of Graphic Packaging Holding shows a 52-week-high of $27.56 and a 52-week-low of $19.46. Moreover, at the end of the last trading period, the closing price was at $23.92.

According to B of A Securities, the prior rating for Ardagh Metal Packaging SA AMBP was changed from Buy to Neutral. In the first quarter, Ardagh Metal Packaging showed an EPS of $0.01, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.97 and a 52-week-low of $3.31. Ardagh Metal Packaging closed at $3.83 at the end of the last trading period.

For Amcor PLC AMCR, B of A Securities downgraded the previous rating of Buy to Underperform. In the third quarter, Amcor showed an EPS of $0.17, compared to $0.20 from the year-ago quarter. The current stock performance of Amcor shows a 52-week-high of $13.37 and a 52-week-low of $9.53. Moreover, at the end of the last trading period, the closing price was at $9.94.

Loop Capital downgraded the previous rating for The Aarons Co Inc AAN from Buy to Hold. Aarons earned $0.66 in the first quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.61 and a 52-week-low of $7.64. Aarons closed at $15.28 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for Cardinal Health Inc CAH was changed from Outperform to In-Line. For the third quarter, Cardinal Health had an EPS of $1.74, compared to year-ago quarter EPS of $1.45. The stock has a 52-week-high of $95.10 and a 52-week-low of $52.00. At the end of the last trading period, Cardinal Health closed at $93.97.

According to Citigroup, the prior rating for Charles River Laboratories International Inc CRL was changed from Buy to Neutral. For the first quarter, Charles River had an EPS of $2.78, compared to year-ago quarter EPS of $2.75. The stock has a 52-week-high of $262.00 and a 52-week-low of $181.22. At the end of the last trading period, Charles River closed at $206.89.

For Advance Auto Parts Inc AAP, Atlantic Equities downgraded the previous rating of Neutral to Underweight. For the first quarter, Advance Auto Parts had an EPS of $0.72, compared to year-ago quarter EPS of $2.26. The stock has a 52-week-high of $212.15 and a 52-week-low of $63.56. At the end of the last trading period, Advance Auto Parts closed at $69.38.

For Sight Sciences Inc SGHT, Citigroup downgraded the previous rating of Buy to Neutral. In the first quarter, Sight Sciences showed an EPS of $0.35, compared to $0.49 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.29 and a 52-week-low of $5.35. Sight Sciences closed at $8.55 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Fox Corp FOXA from Equal-Weight to Underweight. Fox earned $0.94 in the third quarter, compared to $0.81 in the year-ago quarter. The current stock performance of Fox shows a 52-week-high of $37.26 and a 52-week-low of $28.02. Moreover, at the end of the last trading period, the closing price was at $34.08.

RBC Capital downgraded the previous rating for Helmerich & Payne Inc HP from Outperform to Sector Perform. For the second quarter, Helmerich & Payne had an EPS of $1.26, compared to year-ago quarter EPS of $0.17. At the moment, the stock has a 52-week-high of $54.42 and a 52-week-low of $30.41. Helmerich & Payne closed at $36.21 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for Citizens Financial Group Inc CFG was changed from Outperform to In-Line. Citizens Financial Group earned $1.10 in the first quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $44.82 and a 52-week-low of $23.37. At the end of the last trading period, Citizens Financial Group closed at $26.93.

According to Keefe, Bruyette & Woods, the prior rating for BILL Holdings Inc BILL was changed from Outperform to Market Perform. In the third quarter, BILL Holdings showed an EPS of $0.50, compared to $0.08 from the year-ago quarter. The current stock performance of BILL Holdings shows a 52-week-high of $179.18 and a 52-week-low of $68.30. Moreover, at the end of the last trading period, the closing price was at $115.60.

Keybanc downgraded the previous rating for Watsco Inc WSO from Overweight to Sector Weight. Watsco earned $2.83 in the first quarter, compared to $2.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $383.83 and a 52-week-low of $229.69. Watsco closed at $370.38 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

BTIG initiated coverage on Intapp Inc INTA with a Buy rating. The price target for Intapp is set to $55.00. For the third quarter, Intapp had an EPS of $0.03, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $50.46 and a 52-week-low of $13.70. At the end of the last trading period, Intapp closed at $38.69.

For Cava Group Inc CAVA, William Blair initiated coverage, by setting the current rating at Outperform. The current stock performance of Cava Group shows a 52-week-high of $47.89 and a 52-week-low of $36.45. Moreover, at the end of the last trading period, the closing price was at $39.62.

With a Market Perform rating, SVB Leerink initiated coverage on Bristol-Myers Squibb Co BMY. The price target seems to have been set at $66.00 for Bristol-Myers Squibb. Bristol-Myers Squibb earned $2.05 in the first quarter, compared to $1.96 in the year-ago quarter. The stock has a 52-week-high of $81.43 and a 52-week-low of $62.88. At the end of the last trading period, Bristol-Myers Squibb closed at $62.65.

ThinkEquity initiated coverage on TMC The Metals Co Inc TMC with a Buy rating. The price target for TMC Metals is set to $6.00. For the first quarter, TMC Metals had an EPS of $0.00, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $2.56 and a 52-week-low of $0.51. TMC Metals closed at $2.53 at the end of the last trading period.

With a Equal-Weight rating, Wells Fargo initiated coverage on Masimo Corp MASI. The price target seems to have been set at $173.00 for Masimo. Masimo earned $0.87 in the first quarter, compared to $0.93 in the year-ago quarter. The stock has a 52-week-high of $198.00 and a 52-week-low of $109.00. At the end of the last trading period, Masimo closed at $158.61.

With an Overweight rating, Piper Sandler initiated coverage on Cava Group Inc CAVA. The price target seems to have been set at $45.00 for Cava Group. The stock has a 52-week-high of $47.89 and a 52-week-low of $36.45. At the end of the last trading period, Cava Group closed at $39.62.

Piper Sandler initiated coverage on Integral Ad Science Holding Corp IAS with an Overweight rating. The price target for Integral Ad Science is set to $21.00. In the first quarter, Integral Ad Science showed an EPS of $0.02, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.66 and a 52-week-low of $6.64. Integral Ad Science closed at $16.94 at the end of the last trading period.

Morgan Stanley initiated coverage on Cava Group Inc CAVA with a Equal-Weight rating. The price target for Cava Group is set to $43.00. The current stock performance of Cava Group shows a 52-week-high of $47.89 and a 52-week-low of $36.45. Moreover, at the end of the last trading period, the closing price was at $39.62.

Stifel initiated coverage on Cava Group Inc CAVA with a Buy rating. The price target for Cava Group is set to $48.00. At the moment, the stock has a 52-week-high of $47.89 and a 52-week-low of $36.45. Cava Group closed at $39.62 at the end of the last trading period.

With a Buy rating, Jefferies initiated coverage on Cava Group Inc CAVA. The price target seems to have been set at $48.00 for Cava Group. The current stock performance of Cava Group shows a 52-week-high of $47.89 and a 52-week-low of $36.45. Moreover, at the end of the last trading period, the closing price was at $39.62.

JP Morgan initiated coverage on Cava Group Inc CAVA with an Overweight rating. The price target for Cava Group is set to $45.00. At the moment, the stock has a 52-week-high of $47.89 and a 52-week-low of $36.45. Cava Group closed at $39.62 at the end of the last trading period.

With a Neutral rating, Citigroup initiated coverage on Cava Group Inc CAVA. The price target seems to have been set at $42.00 for Cava Group. The stock has a 52-week-high of $47.89 and a 52-week-low of $36.45. At the end of the last trading period, Cava Group closed at $39.62.

BMO Capital initiated coverage on First Solar Inc FSLR with a Market Perform rating. The price target for First Solar is set to $204.00. For the first quarter, First Solar had an EPS of $0.40, compared to year-ago quarter EPS of $0.41. At the moment, the stock has a 52-week-high of $232.00 and a 52-week-low of $61.00. First Solar closed at $189.14 at the end of the last trading period.

See all analyst ratings initiations.