Benzinga's Top Ratings Upgrades, Downgrades For July 26, 2023

Upgrades

Craig-Hallum upgraded the previous rating for Vicor Corp VICR from Hold to Buy. For the second quarter, Vicor had an EPS of $0.38, compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $82.38 and a 52-week-low of $38.71. At the end of the last trading period, Vicor closed at $59.41.

HSBC upgraded the previous rating for The Mosaic Co MOS from Reduce to Hold. In the first quarter, Mosaic showed an EPS of $1.14, compared to $2.41 from the year-ago quarter. The stock has a 52-week-high of $63.16 and a 52-week-low of $31.44. At the end of the last trading period, Mosaic closed at $39.79.

Deutsche Bank upgraded the previous rating for Spotify Technology SA SPOT from Hold to Buy. In the second quarter, Spotify Technology showed an EPS of $1.69, compared to $0.91 from the year-ago quarter. The stock has a 52-week-high of $182.00 and a 52-week-low of $69.41. At the end of the last trading period, Spotify Technology closed at $140.38.

According to Morgan Stanley, the prior rating for NetApp Inc NTAP was changed from Underweight to Equal-Weight. In the fourth quarter, NetApp showed an EPS of $1.54, compared to $1.42 from the year-ago quarter. The stock has a 52-week-high of $80.53 and a 52-week-low of $58.08. At the end of the last trading period, NetApp closed at $79.06.

For WW International Inc WW, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the first quarter, WW International showed an EPS of $0.14, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $10.02 and a 52-week-low of $3.28. At the end of the last trading period, WW International closed at $9.93.

See all analyst ratings upgrades.

Downgrades

Kalinowski Research downgraded the previous rating for Cheesecake Factory Inc CAKE from Buy to Neutral. For the first quarter, Cheesecake Factory had an EPS of $0.61, compared to year-ago quarter EPS of $0.47. The stock has a 52-week-high of $41.28 and a 52-week-low of $26.86. At the end of the last trading period, Cheesecake Factory closed at $36.59.

Kalinowski Research downgraded the previous rating for The Wendy's Co WEN from Buy to Neutral. Wendy's earned $0.21 in the first quarter, compared to $0.17 in the year-ago quarter. The stock has a 52-week-high of $23.90 and a 52-week-low of $18.50. At the end of the last trading period, Wendy's closed at $21.31.

Raymond James downgraded the previous rating for Target Corp TGT from Strong Buy to Market Perform. In the first quarter, Target showed an EPS of $2.05, compared to $2.19 from the year-ago quarter. The stock has a 52-week-high of $183.84 and a 52-week-low of $125.08. At the end of the last trading period, Target closed at $133.60.

JP Morgan downgraded the previous rating for Tencent Music Entertainment Group TME from Overweight to Neutral. In the first quarter, Tencent Music Enter Gr showed an EPS of $0.13, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $9.29 and a 52-week-low of $3.15. At the end of the last trading period, Tencent Music Enter Gr closed at $6.61.

For Enterprise Financial Services Corp EFSC, Raymond James downgraded the previous rating of Outperform to Market Perform. Enterprise Finl Servs earned $1.29 in the second quarter, compared to $1.19 in the year-ago quarter. The current stock performance of Enterprise Finl Servs shows a 52-week-high of $56.35 and a 52-week-low of $36.16. Moreover, at the end of the last trading period, the closing price was at $41.00.

TD Cowen downgraded the previous rating for GATX Corp GATX from Outperform to Market Perform. GATX earned $1.73 in the second quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $133.01 and a 52-week-low of $85.00. At the end of the last trading period, GATX closed at $129.50.

According to Wells Fargo, the prior rating for Omega Healthcare Investors Inc OHI was changed from Overweight to Equal-Weight. For the first quarter, Omega Healthcare Invts had an EPS of $0.66, compared to year-ago quarter EPS of $0.74. At the moment, the stock has a 52-week-high of $33.70 and a 52-week-low of $25.61. Omega Healthcare Invts closed at $32.70 at the end of the last trading period.

According to B. Riley Securities, the prior rating for Dycom Industries Inc DY was changed from Buy to Neutral. Dycom Industries earned $1.73 in the first quarter, compared to $0.65 in the year-ago quarter. The stock has a 52-week-high of $122.09 and a 52-week-low of $77.33. At the end of the last trading period, Dycom Industries closed at $106.21.

Morgan Stanley downgraded the previous rating for RTX Corp RTX from Overweight to Equal-Weight. For the second quarter, RTX had an EPS of $1.29, compared to year-ago quarter EPS of $1.16. At the moment, the stock has a 52-week-high of $108.84 and a 52-week-low of $80.28. RTX closed at $87.10 at the end of the last trading period.

Telsey Advisory Group downgraded the previous rating for Lulus Fashion Lounge Holdings Inc LVLU from Outperform to Market Perform. Lulus Fashion Lounge earned $0.14 in the first quarter, compared to $0.05 in the year-ago quarter. The stock has a 52-week-high of $8.57 and a 52-week-low of $1.90. At the end of the last trading period, Lulus Fashion Lounge closed at $2.55.

Piper Sandler downgraded the previous rating for Independent Bank Group Inc IBTX from Overweight to Neutral. Independent Bank Gr earned $0.82 in the second quarter, compared to $1.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $76.00 and a 52-week-low of $28.81. Independent Bank Gr closed at $42.54 at the end of the last trading period.

According to Wolfe Research, the prior rating for PJT Partners Inc PJT was changed from Outperform to Peer Perform. In the second quarter, PJT Partners showed an EPS of $0.99, compared to $0.88 from the year-ago quarter. The stock has a 52-week-high of $86.92 and a 52-week-low of $59.61. At the end of the last trading period, PJT Partners closed at $83.02.

Goldman Sachs downgraded the previous rating for Lulus Fashion Lounge Holdings Inc LVLU from Buy to Neutral. Lulus Fashion Lounge earned $0.14 in the first quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Lulus Fashion Lounge shows a 52-week-high of $8.57 and a 52-week-low of $1.90. Moreover, at the end of the last trading period, the closing price was at $2.55.

According to Oppenheimer, the prior rating for Vertex Energy Inc VTNR was changed from Outperform to Perform. In the first quarter, Vertex Energy showed an EPS of $0.04, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $14.63 and a 52-week-low of $4.97. At the end of the last trading period, Vertex Energy closed at $4.99.

Keybanc downgraded the previous rating for Aspen Technology Inc AZPN from Overweight to Sector Weight. For the third quarter, Aspen Technology had an EPS of $1.06, compared to year-ago quarter EPS of $1.38. The stock has a 52-week-high of $263.35 and a 52-week-low of $161.32. At the end of the last trading period, Aspen Technology closed at $174.05.

See all analyst ratings downgrades.

Initiations

Lake Street initiated coverage on PAR Technology Corp PAR with a Buy rating. The price target for PAR Technology is set to $39.00. PAR Technology earned $0.46 in the first quarter, compared to $0.26 in the year-ago quarter. The current stock performance of PAR Technology shows a 52-week-high of $46.38 and a 52-week-low of $20.37. Moreover, at the end of the last trading period, the closing price was at $32.99.

Raymond James initiated coverage on Lincoln National Corp LNC with a Market Perform rating. For the first quarter, Lincoln National had an EPS of $1.52, compared to year-ago quarter EPS of $1.66. The stock has a 52-week-high of $54.54 and a 52-week-low of $18.50. At the end of the last trading period, Lincoln National closed at $27.43.

SVB Leerink initiated coverage on Belite Bio Inc BLTE with an Outperform rating. The price target for Belite Bio is set to $25.00. NoneAt the moment, the stock has a 52-week-high of $41.20 and a 52-week-low of $11.00. Belite Bio closed at $17.90 at the end of the last trading period.

For NICE Ltd NICE, William Blair initiated coverage, by setting the current rating at Outperform. For the first quarter, NICE had an EPS of $2.03, compared to year-ago quarter EPS of $1.80. The current stock performance of NICE shows a 52-week-high of $235.05 and a 52-week-low of $164.86. Moreover, at the end of the last trading period, the closing price was at $212.57.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Gorilla Technology Group Inc GRRR. The price target seems to have been set at $4.80 for Gorilla Tech Gr. NoneThe current stock performance of Gorilla Tech Gr shows a 52-week-high of $13.08 and a 52-week-low of $1.65. Moreover, at the end of the last trading period, the closing price was at $2.19.

B of A Securities initiated coverage on Keros Therapeutics Inc KROS with a Buy rating. The price target for Keros Therapeutics is set to $65.00. Keros Therapeutics earned $1.26 in the first quarter, compared to $1.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $59.96 and a 52-week-low of $27.72. Keros Therapeutics closed at $42.97 at the end of the last trading period.

With an Outperform rating, TD Cowen initiated coverage on MicroStrategy Inc MSTR. The price target seems to have been set at $520.00 for MicroStrategy. In the first quarter, MicroStrategy showed an EPS of $30.59, compared to $10.42 from the year-ago quarter. The stock has a 52-week-high of $475.09 and a 52-week-low of $132.56. At the end of the last trading period, MicroStrategy closed at $436.82.

HC Wainwright & Co. initiated coverage on Atlas Lithium Corp ATLX with a Buy rating. The price target for Atlas Lithium is set to $56.00. The current stock performance of Atlas Lithium shows a 52-week-high of $45.00 and a 52-week-low of $6.01. Moreover, at the end of the last trading period, the closing price was at $21.50.

With a Buy rating, B. Riley Securities initiated coverage on FiscalNote Holdings Inc NOTE. The price target seems to have been set at $5.00 for FiscalNote Holdings. The current stock performance of FiscalNote Holdings shows a 52-week-high of $12.26 and a 52-week-low of $1.31. Moreover, at the end of the last trading period, the closing price was at $3.28.

With a Buy rating, Daiwa Capital initiated coverage on FinVolution Group FINV. The price target seems to have been set at $6.70 for FinVolution Gr. FinVolution Gr earned $0.36 in the first quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $5.92 and a 52-week-low of $3.55. At the end of the last trading period, FinVolution Gr closed at $5.49.

Loop Capital initiated coverage on FAT Brands Inc FAT with a Buy rating. The price target for FAT Brands is set to $15.00. In the first quarter, FAT Brands showed an EPS of $1.43, compared to $1.13 from the year-ago quarter. The current stock performance of FAT Brands shows a 52-week-high of $9.99 and a 52-week-low of $4.73. Moreover, at the end of the last trading period, the closing price was at $6.85.

Guggenheim initiated coverage on Insmed Inc INSM with a Buy rating. The price target for Insmed is set to $50.00. For the first quarter, Insmed had an EPS of $1.17, compared to year-ago quarter EPS of $0.80. At the moment, the stock has a 52-week-high of $28.94 and a 52-week-low of $16.04. Insmed closed at $20.22 at the end of the last trading period.

See all analyst ratings initiations.