Benzinga's Top Ratings Upgrades, Downgrades For July 18, 2023

Upgrades

For Carnival Corp CCL, Argus Research upgraded the previous rating of Hold to Buy. For the second quarter, Carnival had an EPS of $0.31, compared to year-ago quarter EPS of $1.64. At the moment, the stock has a 52-week-high of $19.55 and a 52-week-low of $6.12. Carnival closed at $17.71 at the end of the last trading period.

According to Odeon Capital, the prior rating for Citigroup Inc C was changed from Hold to Buy. Citigroup earned $1.33 in the second quarter, compared to $2.19 in the year-ago quarter. The current stock performance of Citigroup shows a 52-week-high of $54.55 and a 52-week-low of $40.01. Moreover, at the end of the last trading period, the closing price was at $46.26.

B of A Securities upgraded the previous rating for Camtek Ltd CAMT from Neutral to Buy. For the first quarter, Camtek had an EPS of $0.42, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $43.64 and a 52-week-low of $20.85. Camtek closed at $43.24 at the end of the last trading period.

According to BMO Capital, the prior rating for Camden Property Trust CPT was changed from Market Perform to Outperform. Camden Prop Trust earned $1.66 in the first quarter, compared to $0.76 in the year-ago quarter. The stock has a 52-week-high of $147.70 and a 52-week-low of $97.74. At the end of the last trading period, Camden Prop Trust closed at $110.75.

BMO Capital upgraded the previous rating for Apartment Income REIT Corp AIRC from Market Perform to Outperform. Apartment Income REIT earned $0.55 in the first quarter, compared to $0.57 in the year-ago quarter. The current stock performance of Apartment Income REIT shows a 52-week-high of $46.36 and a 52-week-low of $32.51. Moreover, at the end of the last trading period, the closing price was at $35.75.

Bernstein upgraded the previous rating for UnitedHealth Group Inc UNH from Market Perform to Outperform. UnitedHealth Group earned $6.14 in the second quarter, compared to $5.57 in the year-ago quarter. The current stock performance of UnitedHealth Group shows a 52-week-high of $557.99 and a 52-week-low of $445.68. Moreover, at the end of the last trading period, the closing price was at $484.08.

According to Credit Suisse, the prior rating for Casey's General Stores Inc CASY was changed from Neutral to Outperform. For the fourth quarter, Casey's General Stores had an EPS of $1.49, compared to year-ago quarter EPS of $1.60. The current stock performance of Casey's General Stores shows a 52-week-high of $249.76 and a 52-week-low of $194.99. Moreover, at the end of the last trading period, the closing price was at $248.81.

For Pinterest Inc PINS, Evercore ISI Group upgraded the previous rating of In-Line to Outperform. In the first quarter, Pinterest showed an EPS of $0.08, compared to $0.10 from the year-ago quarter. The current stock performance of Pinterest shows a 52-week-high of $29.42 and a 52-week-low of $16.78. Moreover, at the end of the last trading period, the closing price was at $29.15.

See all analyst ratings upgrades.

Downgrades

According to Truist Securities, the prior rating for Black Knight Inc BKI was changed from Buy to Hold. Black Knight earned $0.56 in the first quarter, compared to $0.63 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.49 and a 52-week-low of $53.15. Black Knight closed at $71.15 at the end of the last trading period.

TD Cowen downgraded the previous rating for Louisiana-Pacific Corp LPX from Buy to Hold. For the first quarter, Louisiana-Pacific had an EPS of $0.34, compared to year-ago quarter EPS of $5.08. At the moment, the stock has a 52-week-high of $79.56 and a 52-week-low of $48.20. Louisiana-Pacific closed at $78.60 at the end of the last trading period.

UBS downgraded the previous rating for CryoPort Inc CYRX from Buy to Neutral. For the first quarter, CryoPort had an EPS of $0.16, compared to year-ago quarter EPS of $0.31. The current stock performance of CryoPort shows a 52-week-high of $45.34 and a 52-week-low of $13.83. Moreover, at the end of the last trading period, the closing price was at $15.82.

According to Sidoti & Co., the prior rating for American Woodmark Corp AMWD was changed from Buy to Neutral. In the fourth quarter, American Woodmark showed an EPS of $2.21, compared to $1.38 from the year-ago quarter. The stock has a 52-week-high of $77.53 and a 52-week-low of $41.20. At the end of the last trading period, American Woodmark closed at $74.67.

For FREYR Battery FREY, Goldman Sachs downgraded the previous rating of Buy to Neutral. FREYR Battery earned $0.09 in the first quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $16.92 and a 52-week-low of $6.20. At the end of the last trading period, FREYR Battery closed at $9.61.

For Louisiana-Pacific Corp LPX, TD Securities downgraded the previous rating of Buy to Hold. Louisiana-Pacific earned $0.34 in the first quarter, compared to $5.08 in the year-ago quarter. The current stock performance of Louisiana-Pacific shows a 52-week-high of $79.56 and a 52-week-low of $48.20. Moreover, at the end of the last trading period, the closing price was at $78.60.

For Lumentum Holdings Inc LITE, B of A Securities downgraded the previous rating of Neutral to Underperform. For the third quarter, Lumentum Holdings had an EPS of $0.75, compared to year-ago quarter EPS of $1.19. The current stock performance of Lumentum Holdings shows a 52-week-high of $96.45 and a 52-week-low of $42.00. Moreover, at the end of the last trading period, the closing price was at $52.39.

According to B of A Securities, the prior rating for MACOM Technology Solutions Holdings Inc MTSI was changed from Buy to Neutral. MACOM Technology Solns earned $0.79 in the second quarter, compared to $0.68 in the year-ago quarter. The stock has a 52-week-high of $76.56 and a 52-week-low of $47.14. At the end of the last trading period, MACOM Technology Solns closed at $66.38.

According to B of A Securities, the prior rating for Coherent Corp COHR was changed from Buy to Neutral. In the third quarter, Coherent showed an EPS of $0.58, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $60.46 and a 52-week-low of $26.29. At the end of the last trading period, Coherent closed at $51.14.

For Norwegian Cruise Line Holdings Ltd NCLH, Truist Securities downgraded the previous rating of Buy to Hold. For the first quarter, Norwegian Cruise Line had an EPS of $0.30, compared to year-ago quarter EPS of $1.82. At the moment, the stock has a 52-week-high of $22.75 and a 52-week-low of $10.84. Norwegian Cruise Line closed at $20.76 at the end of the last trading period.

According to Raymond James, the prior rating for MarineMax Inc HZO was changed from Outperform to Market Perform. For the second quarter, MarineMax had an EPS of $1.23, compared to year-ago quarter EPS of $2.37. The current stock performance of MarineMax shows a 52-week-high of $44.00 and a 52-week-low of $25.60. Moreover, at the end of the last trading period, the closing price was at $38.52.

Raymond James downgraded the previous rating for Camping World Holdings Inc CWH from Outperform to Market Perform. In the first quarter, Camping World Holdings showed an EPS of $0.14, compared to $1.15 from the year-ago quarter. The current stock performance of Camping World Holdings shows a 52-week-high of $33.98 and a 52-week-low of $18.69. Moreover, at the end of the last trading period, the closing price was at $32.48.

Raymond James downgraded the previous rating for Polaris Inc PII from Strong Buy to Market Perform. Polaris earned $2.05 in the first quarter, compared to $1.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $131.09 and a 52-week-low of $91.89. Polaris closed at $129.43 at the end of the last trading period.

According to Raymond James, the prior rating for OneWater Marine Inc ONEW was changed from Outperform to Market Perform. OneWater Marine earned $1.56 in the second quarter, compared to $2.54 in the year-ago quarter. The current stock performance of OneWater Marine shows a 52-week-high of $43.88 and a 52-week-low of $23.68. Moreover, at the end of the last trading period, the closing price was at $38.19.

According to BMO Capital, the prior rating for Independence Realty Trust Inc IRT was changed from Outperform to Market Perform. Independence Realty Trust earned $0.27 in the first quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $22.64 and a 52-week-low of $14.55. At the end of the last trading period, Independence Realty Trust closed at $17.71.

According to Loop Capital, the prior rating for Leslies Inc LESL was changed from Buy to Hold. Leslies earned $0.14 in the second quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.12 and a 52-week-low of $5.43. Leslies closed at $5.46 at the end of the last trading period.

JP Morgan downgraded the previous rating for ESAB Corp ESAB from Overweight to Neutral. ESAB earned $1.10 in the first quarter, compared to $1.17 in the year-ago quarter. The stock has a 52-week-high of $69.89 and a 52-week-low of $32.20. At the end of the last trading period, ESAB closed at $69.13.

Baird downgraded the previous rating for Activision Blizzard Inc ATVI from Outperform to Neutral. 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 $93.67 and a 52-week-low of $70.94. Activision Blizzard closed at $93.21 at the end of the last trading period.

According to Atlantic Equities, the prior rating for Activision Blizzard Inc ATVI was changed from Overweight to Neutral. Activision Blizzard earned $0.60 in the first quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $93.67 and a 52-week-low of $70.94. At the end of the last trading period, Activision Blizzard closed at $93.21.

Citigroup downgraded the previous rating for Genpact Ltd G from Buy to Neutral. In the first quarter, Genpact showed an EPS of $0.68, compared to $0.60 from the year-ago quarter. The current stock performance of Genpact shows a 52-week-high of $48.83 and a 52-week-low of $35.75. Moreover, at the end of the last trading period, the closing price was at $39.32.

According to Stifel, the prior rating for Masimo Corp MASI was changed from Buy to Hold. 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 $147.16.

According to JMP Securities, the prior rating for Pardes Biosciences Inc PRDS was changed from Market Outperform to Market Perform. In the first quarter, Pardes Biosciences showed an EPS of $0.30, compared to $0.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.91 and a 52-week-low of $0.80. Pardes Biosciences closed at $2.13 at the end of the last trading period.

Deutsche Bank downgraded the previous rating for CommScope Holding Co Inc COMM from Buy to Hold. In the first quarter, CommScope Hldg Co showed an EPS of $0.35, compared to $0.26 from the year-ago quarter. The stock has a 52-week-high of $13.73 and a 52-week-low of $3.97. At the end of the last trading period, CommScope Hldg Co closed at $5.20.

According to Deutsche Bank, the prior rating for Celanese Corp CE was changed from Buy to Hold. For the first quarter, Celanese had an EPS of $2.01, compared to year-ago quarter EPS of $5.54. The stock has a 52-week-high of $128.35 and a 52-week-low of $86.73. At the end of the last trading period, Celanese closed at $121.04.

According to Jefferies, the prior rating for BridgeBio Pharma Inc BBIO was changed from Buy to Hold. In the first quarter, BridgeBio Pharma showed an EPS of $0.92, compared to $1.35 from the year-ago quarter. The stock has a 52-week-high of $34.28 and a 52-week-low of $6.56. At the end of the last trading period, BridgeBio Pharma closed at $32.04.

New Street Research downgraded the previous rating for The Trade Desk Inc TTD from Neutral to Sell. For the first quarter, Trade Desk had an EPS of $0.23, compared to year-ago quarter EPS of $0.21. The current stock performance of Trade Desk shows a 52-week-high of $91.66 and a 52-week-low of $39.44. Moreover, at the end of the last trading period, the closing price was at $90.69.

According to Stifel, the prior rating for Essex Property Trust Inc ESS was changed from Buy to Hold. In the first quarter, Essex Property Trust showed an EPS of $3.65, compared to $3.37 from the year-ago quarter. At the moment, the stock has a 52-week-high of $300.31 and a 52-week-low of $195.03. Essex Property Trust closed at $242.53 at the end of the last trading period.

For Activision Blizzard Inc ATVI, Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. 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 $93.67 and a 52-week-low of $70.94. Moreover, at the end of the last trading period, the closing price was at $93.21.

For Shopify Inc SHOP, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. For the first quarter, Shopify had an EPS of $0.01, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $71.43 and a 52-week-low of $23.64. Shopify closed at $68.68 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Susquehanna initiated coverage on AvidXchange Holdings Inc AVDX with a Positive rating. The price target for AvidXchange Holdings is set to $15.00. AvidXchange Holdings earned $0.02 in the first quarter, compared to $0.07 in the year-ago quarter. The stock has a 52-week-high of $11.86 and a 52-week-low of $6.23. At the end of the last trading period, AvidXchange Holdings closed at $11.64.

William Blair initiated coverage on Tarsus Pharmaceuticals Inc TARS with an Outperform rating. The price target for Tarsus Pharmaceuticals is set to $44.00. In the first quarter, Tarsus Pharmaceuticals showed an EPS of $0.88, compared to $0.98 from the year-ago quarter. The stock has a 52-week-high of $20.09 and a 52-week-low of $11.33. At the end of the last trading period, Tarsus Pharmaceuticals closed at $18.80.

With a Neutral rating, Baird initiated coverage on First Horizon Corp FHN. The price target seems to have been set at $14.00 for First Horizon. In the first quarter, First Horizon showed an EPS of $0.45, compared to $0.38 from the year-ago quarter. The current stock performance of First Horizon shows a 52-week-high of $24.90 and a 52-week-low of $8.99. Moreover, at the end of the last trading period, the closing price was at $12.55.

Benchmark initiated coverage on Intensity Therapeutics Inc INTS with a Speculative Buy rating. The price target for Intensity Therapeutics is set to $12.00. The stock has a 52-week-high of $6.75 and a 52-week-low of $5.51. At the end of the last trading period, Intensity Therapeutics closed at $5.89.

With a Buy rating, Guggenheim initiated coverage on Cabaletta Bio Inc CABA. The price target seems to have been set at $34.00 for Cabaletta Bio. In the first quarter, Cabaletta Bio showed an EPS of $0.45, compared to $0.45 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.25 and a 52-week-low of $0.59. Cabaletta Bio closed at $12.49 at the end of the last trading period.

With an Outperform rating, Macquarie initiated coverage on Melco Resorts and Entertainment Ltd MLCO. The price target seems to have been set at $16.30 for Melco Resorts and Enter. In the first quarter, Melco Resorts and Enter showed an EPS of $0.14, compared to $0.37 from 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 $13.39 at the end of the last trading period.

With a Sell rating, Redburn Partners initiated coverage on The Trade Desk Inc TTD. The price target seems to have been set at $34.00 for Trade Desk. In the first quarter, Trade Desk showed an EPS of $0.23, compared to $0.21 from the year-ago quarter. The current stock performance of Trade Desk shows a 52-week-high of $91.66 and a 52-week-low of $39.44. Moreover, at the end of the last trading period, the closing price was at $90.69.

With a Equal-Weight rating, Barclays initiated coverage on CDW Corp CDW. The price target seems to have been set at $198.00 for CDW. For the first quarter, CDW had an EPS of $2.03, compared to year-ago quarter EPS of $2.20. The current stock performance of CDW shows a 52-week-high of $215.00 and a 52-week-low of $148.03. Moreover, at the end of the last trading period, the closing price was at $189.61.

With a Buy rating, B. Riley Securities initiated coverage on Gambling.com Group Ltd GAMB. The price target seems to have been set at $14.00 for Gambling.com Gr. Gambling.com Gr earned $0.20 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.13 and a 52-week-low of $6.62. Gambling.com Gr closed at $11.84 at the end of the last trading period.

Piper Sandler initiated coverage on Darden Restaurants Inc DRI with a Neutral rating. The price target for Darden Restaurants is set to $167.00. In the fourth quarter, Darden Restaurants showed an EPS of $2.58, compared to $2.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $169.72 and a 52-week-low of $114.94. Darden Restaurants closed at $169.25 at the end of the last trading period.

With a Neutral rating, Piper Sandler initiated coverage on Dine Brands Global Inc DIN. The price target seems to have been set at $63.00 for Dine Brands Global. Dine Brands Global earned $1.97 in the first quarter, compared to $1.54 in the year-ago quarter. The current stock performance of Dine Brands Global shows a 52-week-high of $82.43 and a 52-week-low of $56.00. Moreover, at the end of the last trading period, the closing price was at $58.82.

Piper Sandler initiated coverage on Denny's Corp DENN with a Neutral rating. The price target for Denny's is set to $12.00. For the first quarter, Denny's had an EPS of $0.13, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $13.12 and a 52-week-low of $8.57. Denny's closed at $11.11 at the end of the last trading period.

With a Neutral rating, Piper Sandler initiated coverage on Brinker International Inc EAT. The price target seems to have been set at $40.00 for Brinker International. For the third quarter, Brinker International had an EPS of $1.23, compared to year-ago quarter EPS of $0.92. The stock has a 52-week-high of $42.12 and a 52-week-low of $22.45. At the end of the last trading period, Brinker International closed at $37.36.

Piper Sandler initiated coverage on Chuy's Holdings Inc CHUY with a Neutral rating. The price target for Chuy's Holdings is set to $43.00. Chuy's Holdings earned $0.47 in the first quarter, compared to $0.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $43.16 and a 52-week-low of $20.54. Chuy's Holdings closed at $40.91 at the end of the last trading period.

With a Neutral rating, Piper Sandler initiated coverage on Cracker Barrel Old Country Store Inc CBRL. The price target seems to have been set at $96.00 for Cracker Barrel Old. In the third quarter, Cracker Barrel Old showed an EPS of $1.21, compared to $1.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $121.17 and a 52-week-low of $88.72. Cracker Barrel Old closed at $92.71 at the end of the last trading period.

Piper Sandler initiated coverage on Cheesecake Factory Inc CAKE with a Neutral rating. The price target for Cheesecake Factory is set to $36.00. For the first quarter, Cheesecake Factory had an EPS of $0.61, compared to year-ago quarter EPS of $0.47. At the moment, the stock has a 52-week-high of $41.28 and a 52-week-low of $26.86. Cheesecake Factory closed at $35.31 at the end of the last trading period.

Piper Sandler initiated coverage on Bloomin Brands Inc BLMN with a Neutral rating. The price target for Bloomin Brands is set to $28.00. For the first quarter, Bloomin Brands had an EPS of $0.98, compared to year-ago quarter EPS of $0.80. At the moment, the stock has a 52-week-high of $28.46 and a 52-week-low of $17.02. Bloomin Brands closed at $27.62 at the end of the last trading period.

With an Overweight rating, Piper Sandler initiated coverage on Dave & Buster's Entertainment Inc PLAY. The price target seems to have been set at $56.00 for Dave & Buster's Enter. Dave & Buster's Enter earned $1.45 in the first quarter, compared to $1.35 in the year-ago quarter. The stock has a 52-week-high of $47.29 and a 52-week-low of $30.38. At the end of the last trading period, Dave & Buster's Enter closed at $44.27.

Piper Sandler initiated coverage on BJ's Restaurants Inc BJRI with a Neutral rating. The price target for BJ's Restaurants is set to $35.00. For the first quarter, BJ's Restaurants had an EPS of $0.15, compared to year-ago quarter EPS of $0.06. The current stock performance of BJ's Restaurants shows a 52-week-high of $36.14 and a 52-week-low of $21.11. Moreover, at the end of the last trading period, the closing price was at $34.34.

For Douglas Elliman Inc DOUG, BTIG initiated coverage, by setting the current rating at Neutral. Douglas Elliman earned $0.18 in the first quarter, compared to $0.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.96 and a 52-week-low of $2.07. Douglas Elliman closed at $2.48 at the end of the last trading period.

Piper Sandler initiated coverage on First Watch Restaurant Group Inc FWRG with an Overweight rating. The price target for First Watch Restaurant Gr is set to $22.00. In the first quarter, First Watch Restaurant Gr showed an EPS of $0.15, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.92 and a 52-week-low of $12.80. First Watch Restaurant Gr closed at $18.27 at the end of the last trading period.

For RE/MAX Holdings Inc RMAX, BTIG initiated coverage, by setting the current rating at Neutral. RE/MAX Hldgs earned $0.26 in the first quarter, compared to $0.51 in the year-ago quarter. The current stock performance of RE/MAX Hldgs shows a 52-week-high of $28.20 and a 52-week-low of $16.78. Moreover, at the end of the last trading period, the closing price was at $19.78.

BTIG initiated coverage on Anywhere Real Estate Inc HOUS with a Neutral rating. Anywhere Real Estate earned $0.97 in the first quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $12.91 and a 52-week-low of $4.33. At the end of the last trading period, Anywhere Real Estate closed at $7.26.

Piper Sandler initiated coverage on Texas Roadhouse Inc TXRH with an Overweight rating. The price target for Texas Roadhouse is set to $126.00. For the first quarter, Texas Roadhouse had an EPS of $1.28, compared to year-ago quarter EPS of $1.08. The stock has a 52-week-high of $116.72 and a 52-week-low of $79.68. At the end of the last trading period, Texas Roadhouse closed at $114.77.

With a Sell rating, BTIG initiated coverage on eXp World Holdings Inc EXPI. The price target seems to have been set at $14.00 for eXp World Holdings. eXp World Holdings earned $0.01 in the first quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $24.98 and a 52-week-low of $9.97. eXp World Holdings closed at $24.63 at the end of the last trading period.

BTIG initiated coverage on Compass Inc COMP with a Buy rating. The price target for Compass is set to $5.00. Compass earned $0.33 in the first quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Compass shows a 52-week-high of $5.16 and a 52-week-low of $1.84. Moreover, at the end of the last trading period, the closing price was at $3.90.

See all analyst ratings initiations.