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

Upgrades

For STMicroelectronics NV STM, Jefferies upgraded the previous rating of Underperform to Hold. STMicroelectronics earned $1.10 in the first quarter, compared to $0.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.53 and a 52-week-low of $29.09. STMicroelectronics closed at $49.40 at the end of the last trading period.

According to B of A Securities, the prior rating for Stellantis NV STLA was changed from Neutral to Buy. NoneThe current stock performance of Stellantis shows a 52-week-high of $18.97 and a 52-week-low of $11.46. Moreover, at the end of the last trading period, the closing price was at $18.00.

According to Odeon Capital, the prior rating for Morgan Stanley MS was changed from Hold to Buy. In the first quarter, Morgan Stanley showed an EPS of $1.70, compared to $2.06 from the year-ago quarter. The stock has a 52-week-high of $100.99 and a 52-week-low of $72.07. At the end of the last trading period, Morgan Stanley closed at $84.96.

According to Goldman Sachs, the prior rating for Marathon Oil Corp MRO was changed from Sell to Neutral. In the first quarter, Marathon Oil showed an EPS of $0.67, compared to $1.02 from the year-ago quarter. The stock has a 52-week-high of $33.42 and a 52-week-low of $19.42. At the end of the last trading period, Marathon Oil closed at $24.33.

According to William Blair, the prior rating for Lennox International Inc LII was changed from Market Perform to Outperform. 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 $329.01 and a 52-week-low of $203.82. At the end of the last trading period, Lennox Intl closed at $327.17.

Atlantic Equities upgraded the previous rating for Fidelity National Information Services Inc FIS from Neutral to Overweight. For the first quarter, Fidelity National Info had an EPS of $1.29, compared to year-ago quarter EPS of $1.47. The stock has a 52-week-high of $105.15 and a 52-week-low of $48.57. At the end of the last trading period, Fidelity National Info closed at $59.29.

Raymond James upgraded the previous rating for SunPower Corp SPWR from Outperform to Strong Buy. SunPower earned $0.07 in the first quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $28.33 and a 52-week-low of $8.99. At the end of the last trading period, SunPower closed at $9.52.

Jefferies upgraded the previous rating for CACI International Inc CACI from Hold to Buy. For the third quarter, CACI International had an EPS of $4.92, compared to year-ago quarter EPS of $4.64. The stock has a 52-week-high of $348.49 and a 52-week-low of $246.50. At the end of the last trading period, CACI International closed at $347.87.

B of A Securities upgraded the previous rating for DraftKings Inc DKNG from Neutral to Buy. For the first quarter, DraftKings had an EPS of $0.87, compared to year-ago quarter EPS of $1.14. The current stock performance of DraftKings shows a 52-week-high of $29.24 and a 52-week-low of $10.70. Moreover, at the end of the last trading period, the closing price was at $28.96.

B of A Securities upgraded the previous rating for Holley Inc HLLY from Neutral to Buy. Holley earned $0.05 in the first quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Holley shows a 52-week-high of $12.67 and a 52-week-low of $1.89. Moreover, at the end of the last trading period, the closing price was at $4.40.

According to Loop Capital, the prior rating for TJX Companies Inc TJX was changed from Hold to Buy. In the first quarter, TJX Companies showed an EPS of $0.76, compared to $0.68 from the year-ago quarter. The stock has a 52-week-high of $85.22 and a 52-week-low of $57.78. At the end of the last trading period, TJX Companies closed at $84.74.

According to JP Morgan, the prior rating for Holley Inc HLLY was changed from Neutral to Overweight. In the first quarter, Holley showed an EPS of $0.05, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $12.67 and a 52-week-low of $1.89. At the end of the last trading period, Holley closed at $4.40.

Baird upgraded the previous rating for Sealed Air Corp SEE from Neutral to Outperform. Sealed Air earned $0.74 in the first quarter, compared to $1.12 in the year-ago quarter. 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 $42.89 at the end of the last trading period.

According to B. Riley Securities, the prior rating for Cinemark Holdings Inc CNK was changed from Neutral to Buy. In the first quarter, Cinemark Hldgs showed an EPS of $0.03, compared to $0.62 from the year-ago quarter. The current stock performance of Cinemark Hldgs shows a 52-week-high of $19.74 and a 52-week-low of $8.29. Moreover, at the end of the last trading period, the closing price was at $15.94.

Jefferies upgraded the previous rating for Integra Lifesciences Holdings Corp IART from Hold to Buy. In the first quarter, Integra Lifesciences showed an EPS of $0.74, compared to $0.74 from the year-ago quarter. The stock has a 52-week-high of $60.69 and a 52-week-low of $37.36. At the end of the last trading period, Integra Lifesciences closed at $41.30.

According to Morgan Stanley, the prior rating for Lazard Ltd LAZ was changed from Equal-Weight to Overweight. In the first quarter, Lazard showed an EPS of $0.26, compared to $1.05 from the year-ago quarter. The stock has a 52-week-high of $43.44 and a 52-week-low of $27.71. At the end of the last trading period, Lazard closed at $32.74.

Morgan Stanley upgraded the previous rating for Jefferies Financial Group Inc JEF from Underweight to Equal-Weight. For the second quarter, Jefferies Financial Gr had an EPS of $0.06, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $40.68 and a 52-week-low of $25.79. Jefferies Financial Gr closed at $33.61 at the end of the last trading period.

According to Wolfe Research, the prior rating for Kinder Morgan Inc KMI was changed from Underperform to Peer Perform. For the first quarter, Kinder Morgan had an EPS of $0.30, compared to year-ago quarter EPS of $0.32. The current stock performance of Kinder Morgan shows a 52-week-high of $19.35 and a 52-week-low of $16.00. Moreover, at the end of the last trading period, the closing price was at $17.25.

According to Wolfe Research, the prior rating for Sun Communities Inc SUI was changed from Peer Perform to Outperform. Sun Communities earned $1.23 in the first quarter, compared to $1.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $172.65 and a 52-week-low of $117.76. Sun Communities closed at $132.63 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Citigroup, the prior rating for JPMorgan Chase & Co JPM was changed from Buy to Neutral. For the first quarter, JPMorgan Chase had an EPS of $4.10, compared to year-ago quarter EPS of $2.63. At the moment, the stock has a 52-week-high of $147.82 and a 52-week-low of $101.30. JPMorgan Chase closed at $147.42 at the end of the last trading period.

According to OTR Global, the prior rating for Atlassian Corp TEAM was changed from Positive to Mixed. In the third quarter, Atlassian showed an EPS of $0.54, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $300.28 and a 52-week-low of $113.86. At the end of the last trading period, Atlassian closed at $174.52.

According to Sidoti & Co., the prior rating for Beazer Homes USA Inc BZH was changed from Buy to Neutral. In the second quarter, Beazer Homes USA showed an EPS of $1.13, compared to $1.45 from the year-ago quarter. The current stock performance of Beazer Homes USA shows a 52-week-high of $28.87 and a 52-week-low of $9.48. Moreover, at the end of the last trading period, the closing price was at $28.37.

For Silk Road Medical Inc SILK, B of A Securities downgraded the previous rating of Buy to Underperform. Silk Road Medical earned $0.43 in the first quarter, compared to $0.48 in the year-ago quarter. The current stock performance of Silk Road Medical shows a 52-week-high of $58.04 and a 52-week-low of $28.98. Moreover, at the end of the last trading period, the closing price was at $32.65.

For APA Corp APA, Goldman Sachs downgraded the previous rating of Neutral to Sell. APA earned $1.19 in the first quarter, compared to $1.92 in the year-ago quarter. The stock has a 52-week-high of $50.58 and a 52-week-low of $30.15. At the end of the last trading period, APA closed at $37.28.

According to Credit Suisse, the prior rating for ReNew Energy Global PLC RNW was changed from Outperform to Neutral. The stock has a 52-week-high of $7.69 and a 52-week-low of $4.04. At the end of the last trading period, ReNew Energy Glb closed at $5.58.

According to Raymond James, the prior rating for Itron Inc ITRI was changed from Strong Buy to Outperform. Itron earned $0.49 in the first quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Itron shows a 52-week-high of $73.67 and a 52-week-low of $39.60. Moreover, at the end of the last trading period, the closing price was at $71.97.

For Activision Blizzard Inc ATVI, MoffettNathanson downgraded the previous rating of Outperform to Market Perform. Activision Blizzard earned $0.60 in the first quarter, compared to $0.38 in the year-ago quarter. The current stock performance of Activision Blizzard shows a 52-week-high of $92.91 and a 52-week-low of $70.94. Moreover, at the end of the last trading period, the closing price was at $90.99.

According to Wolfe Research, the prior rating for RXO Inc RXO was changed from Peer Perform to Underperform. RXO earned $0.11 in the first quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.74 and a 52-week-low of $14.75. RXO closed at $21.96 at the end of the last trading period.

Raymond James downgraded the previous rating for Chart Industries Inc GTLS from Strong Buy to Outperform. For the first quarter, Chart Industries had an EPS of $1.41, compared to year-ago quarter EPS of $0.65. At the moment, the stock has a 52-week-high of $242.00 and a 52-week-low of $101.44. Chart Industries closed at $161.19 at the end of the last trading period.

Raymond James downgraded the previous rating for Saratoga Investment Corp SAR from Outperform to Market Perform. For the first quarter, Saratoga Investment had an EPS of $1.08, compared to year-ago quarter EPS of $0.53. The current stock performance of Saratoga Investment shows a 52-week-high of $28.87 and a 52-week-low of $20.21. Moreover, at the end of the last trading period, the closing price was at $26.38.

According to Benchmark, the prior rating for Activision Blizzard Inc ATVI was changed from Buy to Hold. For the first quarter, Activision Blizzard had an EPS of $0.60, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $92.91 and a 52-week-low of $70.94. At the end of the last trading period, Activision Blizzard closed at $90.99.

According to B of A Securities, the prior rating for Cisco Systems Inc CSCO was changed from Buy to Neutral. In the third quarter, Cisco Systems showed an EPS of $1.00, compared to $0.87 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.56 and a 52-week-low of $38.61. Cisco Systems closed at $52.12 at the end of the last trading period.

According to DA Davidson, the prior rating for Redfin Corp RDFN was changed from Neutral to Underperform. For the first quarter, Redfin had an EPS of $0.93, compared to year-ago quarter EPS of $0.81. The stock has a 52-week-high of $15.62 and a 52-week-low of $3.08. At the end of the last trading period, Redfin closed at $15.54.

For W.W. Grainger Inc GWW, UBS downgraded the previous rating of Buy to Neutral. In the first quarter, W.W. Grainger showed an EPS of $9.61, compared to $7.07 from the year-ago quarter. The current stock performance of W.W. Grainger shows a 52-week-high of $811.60 and a 52-week-low of $441.70. Moreover, at the end of the last trading period, the closing price was at $795.70.

Wolfe Research downgraded the previous rating for Centene Corp CNC from Outperform to Peer Perform. For the first quarter, Centene had an EPS of $2.11, compared to year-ago quarter EPS of $1.83. 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 $67.76.

According to Wolfe Research, the prior rating for Elevance Health Inc ELV was changed from Outperform to Peer Perform. For the first quarter, Elevance Health had an EPS of $9.46, compared to year-ago quarter EPS of $8.19. At the moment, the stock has a 52-week-high of $549.50 and a 52-week-low of $428.73. Elevance Health closed at $434.92 at the end of the last trading period.

According to Atlantic Equities, the prior rating for Coinbase Global Inc COIN was changed from Overweight to Neutral. Coinbase Glb earned $0.34 in the first quarter, compared to $1.98 in the year-ago quarter. At the moment, the stock has a 52-week-high of $116.30 and a 52-week-low of $31.55. Coinbase Glb closed at $89.15 at the end of the last trading period.

For Silk Road Medical Inc SILK, JP Morgan downgraded the previous rating of Overweight to Neutral. In the first quarter, Silk Road Medical showed an EPS of $0.43, compared to $0.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.04 and a 52-week-low of $28.98. Silk Road Medical closed at $32.65 at the end of the last trading period.

Raymond James downgraded the previous rating for AlTi Global Inc ALTI from Strong Buy to Market Perform. In the first quarter, AlTi Global showed an EPS of $1.19, compared to $129.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.50 and a 52-week-low of $3.88. AlTi Global closed at $8.43 at the end of the last trading period.

Stifel downgraded the previous rating for Activision Blizzard Inc ATVI from Buy to Hold. For the first quarter, Activision Blizzard had an EPS of $0.60, compared to year-ago quarter EPS of $0.38. The current stock performance of Activision Blizzard shows a 52-week-high of $92.91 and a 52-week-low of $70.94. Moreover, at the end of the last trading period, the closing price was at $90.99.

According to Wolfe Research, the prior rating for Western Midstream Partners LP WES was changed from Peer Perform to Underperform. In the first quarter, Western Midstream showed an EPS of $0.66, compared to $0.75 from the year-ago quarter. The stock has a 52-week-high of $29.11 and a 52-week-low of $23.24. At the end of the last trading period, Western Midstream closed at $27.10.

Wolfe Research downgraded the previous rating for UMH Properties Inc UMH from Outperform to Peer Perform. For the first quarter, UMH Properties had an EPS of $0.20, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $21.44 and a 52-week-low of $13.73. At the end of the last trading period, UMH Properties closed at $16.71.

Raymond James downgraded the previous rating for Activision Blizzard Inc ATVI from Outperform to Market Perform. In the first quarter, Activision Blizzard showed an EPS of $0.60, compared to $0.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $92.91 and a 52-week-low of $70.94. Activision Blizzard closed at $90.99 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Barrington Research initiated coverage on Quad/Graphics Inc QUAD with an Outperform rating. The price target for Quad/Graphics is set to $9.00. In the first quarter, Quad/Graphics showed an EPS of $0.15, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $5.39 and a 52-week-low of $2.13. Quad/Graphics closed at $4.18 at the end of the last trading period.

Odeon Capital initiated coverage on Seritage Growth Properties SRG with a Buy rating. The price target for Seritage Growth Props is set to $14.00. For the fourth quarter, Seritage Growth Props had an EPS of $1.62, compared to year-ago quarter EPS of $0.45. At the moment, the stock has a 52-week-high of $14.50 and a 52-week-low of $7.11. Seritage Growth Props closed at $9.48 at the end of the last trading period.

With a Buy rating, Canaccord Genuity initiated coverage on High Tide Inc HITI. The price target seems to have been set at $4.00 for High Tide. High Tide earned $0.03 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of High Tide shows a 52-week-high of $2.40 and a 52-week-low of $1.03. Moreover, at the end of the last trading period, the closing price was at $1.25.

With an Overweight rating, Stephens & Co. initiated coverage on DoubleVerify Holdings Inc DV. The price target seems to have been set at $47.00 for DoubleVerify Hldgs. For the first quarter, DoubleVerify Hldgs had an EPS of $0.07, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $39.87 and a 52-week-low of $20.38. DoubleVerify Hldgs closed at $38.89 at the end of the last trading period.

With a Buy rating, WestPark Capital initiated coverage on BlackSky Technology Inc BKSY. The price target seems to have been set at $2.75 for BlackSky Technology. BlackSky Technology earned $0.14 in the first quarter, compared to $0.17 in the year-ago quarter. The current stock performance of BlackSky Technology shows a 52-week-high of $2.97 and a 52-week-low of $1.12. Moreover, at the end of the last trading period, the closing price was at $2.08.

With a Buy rating, UBS initiated coverage on Canadian Natural Resources Ltd CNQ. The price target seems to have been set at $90.00 for Canadian Natural Res. Canadian Natural Res earned $1.25 in the first quarter, compared to $2.86 in the year-ago quarter. The current stock performance of Canadian Natural Res shows a 52-week-high of $62.51 and a 52-week-low of $44.46. Moreover, at the end of the last trading period, the closing price was at $56.98.

UBS initiated coverage on Suncor Energy Inc SU with a Buy rating. The price target for Suncor Energy is set to $48.00. Suncor Energy earned $1.01 in the first quarter, compared to $1.52 in the year-ago quarter. The stock has a 52-week-high of $37.22 and a 52-week-low of $26.44. At the end of the last trading period, Suncor Energy closed at $29.48.

With a Neutral rating, UBS initiated coverage on Cenovus Energy Inc CVE. The price target seems to have been set at $26.00 for Cenovus Energy. Cenovus Energy earned $0.24 in the first quarter, compared to $0.62 in the year-ago quarter. The current stock performance of Cenovus Energy shows a 52-week-high of $22.17 and a 52-week-low of $14.45. Moreover, at the end of the last trading period, the closing price was at $17.68.

With a Buy rating, UBS initiated coverage on Imperial Oil Ltd IMO. The price target seems to have been set at $80.00 for Imperial Oil. Imperial Oil earned $1.58 in the first quarter, compared to $1.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $58.85 and a 52-week-low of $40.00. Imperial Oil closed at $49.61 at the end of the last trading period.

Goldman Sachs initiated coverage on Ncino Inc NCNO with a Neutral rating. The price target for Ncino is set to $32.00. Ncino earned $0.07 in the first quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.45 and a 52-week-low of $19.58. Ncino closed at $30.86 at the end of the last trading period.

Goldman Sachs initiated coverage on Alkami Technology Inc ALKT with a Buy rating. The price target for Alkami Technology is set to $21.00. In the first quarter, Alkami Technology showed an EPS of $0.04, compared to $0.05 from the year-ago quarter. The current stock performance of Alkami Technology shows a 52-week-high of $17.71 and a 52-week-low of $10.75. Moreover, at the end of the last trading period, the closing price was at $16.47.

Goldman Sachs initiated coverage on Q2 Holdings Inc QTWO with a Buy rating. The price target for Q2 Holdings is set to $38.00. For the first quarter, Q2 Holdings had an EPS of $0.35, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $49.67 and a 52-week-low of $18.91. At the end of the last trading period, Q2 Holdings closed at $31.99.

With a Neutral rating, Goldman Sachs initiated coverage on Jack Henry & Associates Inc JKHY. The price target seems to have been set at $173.00 for Jack Henry & Associates. Jack Henry & Associates earned $1.12 in the third quarter, compared to $1.16 in the year-ago quarter. The stock has a 52-week-high of $212.40 and a 52-week-low of $139.28. At the end of the last trading period, Jack Henry & Associates closed at $164.83.

Keybanc initiated coverage on Alpha Teknova Inc TKNO with a Sector Weight rating. Alpha Teknova earned $0.31 in the first quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.27 and a 52-week-low of $1.62. Alpha Teknova closed at $2.87 at the end of the last trading period.

Keybanc initiated coverage on Standard BioTools Inc LAB with an Overweight rating. The price target for Standard BioTools is set to $4.00. For the first quarter, Standard BioTools had an EPS of $0.11, compared to year-ago quarter EPS of $0.25. The current stock performance of Standard BioTools shows a 52-week-high of $2.65 and a 52-week-low of $0.92. Moreover, at the end of the last trading period, the closing price was at $2.28.

Jefferies initiated coverage on Model N Inc MODN with a Hold rating. The price target for Model N is set to $40.00. For the second quarter, Model N had an EPS of $0.22, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $43.18 and a 52-week-low of $24.30. Model N closed at $35.55 at the end of the last trading period.

See all analyst ratings initiations.