Benzinga's Top Ratings Upgrades, Downgrades For July 28, 2023

Upgrades

According to TD Cowen, the prior rating for Celestica Inc CLS was changed from Hold to Buy. For the second quarter, Celestica had an EPS of $0.55, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $20.66 and a 52-week-low of $8.23. Celestica closed at $18.01 at the end of the last trading period.

According to Macquarie, the prior rating for Comcast Corp CMCSA was changed from Underperform to Neutral. Comcast earned $1.13 in the second quarter, compared to $1.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $46.44 and a 52-week-low of $28.39. Comcast closed at $45.35 at the end of the last trading period.

For Ultra Clean Holdings Inc UCTT, Craig-Hallum upgraded the previous rating of Hold to Buy. For the second quarter, Ultra Clean Hldgs had an EPS of $0.16, compared to year-ago quarter EPS of $1.04. At the moment, the stock has a 52-week-high of $39.15 and a 52-week-low of $23.35. Ultra Clean Hldgs closed at $36.15 at the end of the last trading period.

For California Water Service Group CWT, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy. California Water Servs Gr earned $0.17 in the second quarter, compared to $0.36 in the year-ago quarter. The current stock performance of California Water Servs Gr shows a 52-week-high of $66.12 and a 52-week-low of $49.00. Moreover, at the end of the last trading period, the closing price was at $50.88.

According to Exane BNP Paribas, the prior rating for Block Inc SQ was changed from Underperform to Outperform. For the first quarter, Block had an EPS of $0.40, compared to year-ago quarter EPS of $0.18. The current stock performance of Block shows a 52-week-high of $93.18 and a 52-week-low of $51.34. Moreover, at the end of the last trading period, the closing price was at $75.77.

China Renaissance upgraded the previous rating for Meta Platforms Inc META from Hold to Buy. For the second quarter, Meta Platforms had an EPS of $2.98, compared to year-ago quarter EPS of $2.46. The current stock performance of Meta Platforms shows a 52-week-high of $325.35 and a 52-week-low of $88.10. Moreover, at the end of the last trading period, the closing price was at $311.71.

For Digital Realty Trust Inc DLR, Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. In the second quarter, Digital Realty Trust showed an EPS of $1.68, compared to $1.72 from the year-ago quarter. The stock has a 52-week-high of $138.06 and a 52-week-low of $85.76. At the end of the last trading period, Digital Realty Trust closed at $115.15.

According to B of A Securities, the prior rating for First Solar Inc FSLR was changed from Neutral to Buy. First Solar earned $1.89 in the second quarter, compared to $0.52 in the year-ago quarter. The current stock performance of First Solar shows a 52-week-high of $232.00 and a 52-week-low of $74.18. Moreover, at the end of the last trading period, the closing price was at $198.80.

According to BTIG, the prior rating for The Trade Desk Inc TTD was changed from Neutral to Buy. For the first quarter, Trade Desk had an EPS of $0.23, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $91.66 and a 52-week-low of $39.44. At the end of the last trading period, Trade Desk closed at $85.38.

According to Truist Securities, the prior rating for Parsons Corp PSN was changed from Hold to Buy. For the first quarter, Parsons Corp had an EPS of $0.43, compared to year-ago quarter EPS of $0.40. The stock has a 52-week-high of $50.06 and a 52-week-low of $38.68. At the end of the last trading period, Parsons Corp closed at $47.31.

Raymond James upgraded the previous rating for Business First Bancshares Inc BFST from Market Perform to Outperform. For the second quarter, Business First Bancshares had an EPS of $0.70, compared to year-ago quarter EPS of $0.64. At the moment, the stock has a 52-week-high of $25.01 and a 52-week-low of $13.05. Business First Bancshares closed at $17.01 at the end of the last trading period.

RBC Capital upgraded the previous rating for Celestica Inc CLS from Sector Perform to Outperform. For the second quarter, Celestica had an EPS of $0.55, compared to year-ago quarter EPS of $0.44. The current stock performance of Celestica shows a 52-week-high of $20.66 and a 52-week-low of $8.23. Moreover, at the end of the last trading period, the closing price was at $18.01.

JP Morgan upgraded the previous rating for Owens-Corning Inc OC from Underweight to Neutral. In the second quarter, Owens-Corning showed an EPS of $4.22, compared to $3.83 from the year-ago quarter. At the moment, the stock has a 52-week-high of $143.67 and a 52-week-low of $74.25. Owens-Corning closed at $139.06 at the end of the last trading period.

Raymond James upgraded the previous rating for Third Coast Bancshares Inc TCBX from Market Perform to Outperform. For the second quarter, Third Coast Bancshares had an EPS of $0.53, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $21.65 and a 52-week-low of $12.30. At the end of the last trading period, Third Coast Bancshares closed at $19.76.

JP Morgan upgraded the previous rating for New York Community Bancorp Inc NYCB from Neutral to Overweight. In the second quarter, New York Community showed an EPS of $0.47, compared to $0.35 from the year-ago quarter. The stock has a 52-week-high of $13.68 and a 52-week-low of $5.81. At the end of the last trading period, New York Community closed at $13.01.

According to B. Riley Securities, the prior rating for Orion Group Holdings Inc ORN was changed from Neutral to Buy. For the second quarter, Orion Gr Hldgs had an EPS of $0.14, compared to year-ago quarter EPS of $0.03. The current stock performance of Orion Gr Hldgs shows a 52-week-high of $3.38 and a 52-week-low of $2.12. Moreover, at the end of the last trading period, the closing price was at $3.34.

According to Goldman Sachs, the prior rating for ASE Technology Holding Co Ltd ASX was changed from Neutral to Buy. In the second quarter, ASE Tech Holding Co showed an EPS of $0.12, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $9.03 and a 52-week-low of $4.46. At the end of the last trading period, ASE Tech Holding Co closed at $8.10.

Cantor Fitzgerald upgraded the previous rating for Coursera Inc COUR from Neutral to Overweight. Coursera earned $0.00 in the second quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $16.73 and a 52-week-low of $9.81. At the end of the last trading period, Coursera closed at $13.01.

According to Stifel, the prior rating for Crocs Inc CROX was changed from Hold to Buy. In the second quarter, Crocs showed an EPS of $3.59, compared to $3.24 from the year-ago quarter. The current stock performance of Crocs shows a 52-week-high of $151.32 and a 52-week-low of $58.65. Moreover, at the end of the last trading period, the closing price was at $102.30.

According to Jefferies, the prior rating for XPeng Inc XPEV was changed from Hold to Buy. XPeng earned $0.37 in the first quarter, compared to $0.28 in the year-ago quarter. The current stock performance of XPeng shows a 52-week-high of $25.90 and a 52-week-low of $6.18. Moreover, at the end of the last trading period, the closing price was at $20.22.

See all analyst ratings upgrades.

Downgrades

Craig-Hallum downgraded the previous rating for The Shyft Group Inc SHYF from Buy to Hold. Shyft Group earned $0.25 in the second quarter, compared to $0.21 in the year-ago quarter. The stock has a 52-week-high of $34.10 and a 52-week-low of $12.91. At the end of the last trading period, Shyft Group closed at $13.43.

Scotiabank downgraded the previous rating for Perficient Inc PRFT from Sector Outperform to Sector Perform. Perficient earned $1.00 in the second quarter, compared to $1.06 in the year-ago quarter. The stock has a 52-week-high of $110.25 and a 52-week-low of $59.94. At the end of the last trading period, Perficient closed at $66.99.

According to Citigroup, the prior rating for Mersana Therapeutics Inc MRSN was changed from Buy to Neutral. In the first quarter, Mersana Therapeutics showed an EPS of $0.52, compared to $0.59 from the year-ago quarter. The current stock performance of Mersana Therapeutics shows a 52-week-high of $9.62 and a 52-week-low of $0.80. Moreover, at the end of the last trading period, the closing price was at $1.07.

According to Raymond James, the prior rating for Origin Bancorp Inc OBK was changed from Outperform to Market Perform. Origin Bancorp earned $0.69 in the second quarter, compared to $0.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $34.07 and a 52-week-low of $28.20. Origin Bancorp closed at $32.59 at the end of the last trading period.

For Snap Inc SNAP, China Renaissance downgraded the previous rating of Hold to Sell. For the second quarter, Snap had an EPS of $0.02, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $13.89 and a 52-week-low of $7.33. At the end of the last trading period, Snap closed at $10.33.

For Millicom International Cellular SA TIGO, New Street Research downgraded the previous rating of Buy to Neutral. In the second quarter, Millicom Intl Cellular showed an EPS of $0.13, compared to $1.14 from the year-ago quarter. The stock has a 52-week-high of $21.15 and a 52-week-low of $10.23. At the end of the last trading period, Millicom Intl Cellular closed at $15.51.

For The Shyft Group Inc SHYF, DA Davidson downgraded the previous rating of Buy to Neutral. For the second quarter, Shyft Group had an EPS of $0.25, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $34.10 and a 52-week-low of $12.91. Shyft Group closed at $13.43 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Enphase Energy Inc ENPH was changed from Buy to Hold. For the second quarter, Enphase Energy had an EPS of $1.47, compared to year-ago quarter EPS of $1.07. The current stock performance of Enphase Energy shows a 52-week-high of $339.88 and a 52-week-low of $152.15. Moreover, at the end of the last trading period, the closing price was at $166.80.

According to Wells Fargo, the prior rating for Enphase Energy Inc ENPH was changed from Overweight to Equal-Weight. Enphase Energy earned $1.47 in the second quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $339.88 and a 52-week-low of $152.15. Enphase Energy closed at $166.80 at the end of the last trading period.

TD Cowen downgraded the previous rating for Westinghouse Air Brake Technologies Corp WAB from Outperform to Market Perform. Westinghouse Air Brake earned $1.41 in the second quarter, compared to $1.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $118.87 and a 52-week-low of $79.33. Westinghouse Air Brake closed at $117.42 at the end of the last trading period.

For CenterPoint Energy Inc CNP, Mizuho downgraded the previous rating of Buy to Neutral. For the second quarter, CenterPoint Energy had an EPS of $0.28, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $33.22 and a 52-week-low of $25.03. At the end of the last trading period, CenterPoint Energy closed at $30.36.

According to Wedbush, the prior rating for Wingstop Inc WING was changed from Outperform to Neutral. For the first quarter, Wingstop had an EPS of $0.59, compared to year-ago quarter EPS of $0.34. The current stock performance of Wingstop shows a 52-week-high of $223.77 and a 52-week-low of $95.50. Moreover, at the end of the last trading period, the closing price was at $179.01.

Raymond James downgraded the previous rating for Southwest Airlines Co LUV from Strong Buy to Outperform. For the second quarter, Southwest Airlines had an EPS of $1.09, compared to year-ago quarter EPS of $1.30. The current stock performance of Southwest Airlines shows a 52-week-high of $41.06 and a 52-week-low of $28.40. Moreover, at the end of the last trading period, the closing price was at $33.02.

Piper Sandler downgraded the previous rating for Valley National Bancorp VLY from Overweight to Neutral. Valley Ntl earned $0.28 in the second quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.06 and a 52-week-low of $6.38. Valley Ntl closed at $10.04 at the end of the last trading period.

JP Morgan downgraded the previous rating for Perficient Inc PRFT from Overweight to Neutral. Perficient earned $1.00 in the second quarter, compared to $1.06 in the year-ago quarter. The current stock performance of Perficient shows a 52-week-high of $110.25 and a 52-week-low of $59.94. Moreover, at the end of the last trading period, the closing price was at $66.99.

Baird downgraded the previous rating for Homology Medicines Inc FIXX from Outperform to Neutral. In the first quarter, Homology Medicines showed an EPS of $0.50, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.30 and a 52-week-low of $0.80. Homology Medicines closed at $0.94 at the end of the last trading period.

For 2seventy bio Inc TSVT, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the first quarter, 2seventy bio showed an EPS of $1.08, compared to $3.20 from the year-ago quarter. The current stock performance of 2seventy bio shows a 52-week-high of $18.84 and a 52-week-low of $8.04. Moreover, at the end of the last trading period, the closing price was at $8.19.

According to B. Riley Securities, the prior rating for MarineMax Inc HZO was changed from Buy to Neutral. In the third quarter, MarineMax showed an EPS of $2.07, compared to $3.17 from the year-ago quarter. 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 $40.71.

Baird downgraded the previous rating for Mersana Therapeutics Inc MRSN from Outperform to Neutral. Mersana Therapeutics earned $0.52 in the first quarter, compared to $0.59 in the year-ago quarter. The stock has a 52-week-high of $9.62 and a 52-week-low of $0.80. At the end of the last trading period, Mersana Therapeutics closed at $1.07.

According to Deutsche Bank, the prior rating for Southwest Airlines Co LUV was changed from Buy to Hold. For the second quarter, Southwest Airlines had an EPS of $1.09, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $41.06 and a 52-week-low of $28.40. At the end of the last trading period, Southwest Airlines closed at $33.02.

According to Keefe, Bruyette & Woods, the prior rating for Textainer Group Holdings Ltd TGH was changed from Outperform to Market Perform. For the first quarter, Textainer Gr Hldgs had an EPS of $1.22, compared to year-ago quarter EPS of $1.48. The stock has a 52-week-high of $41.69 and a 52-week-low of $26.08. At the end of the last trading period, Textainer Gr Hldgs closed at $41.68.

For Farmers & Merchants Bancorp Inc FMAO, Piper Sandler downgraded the previous rating of Neutral to Underweight. In the second quarter, Farmers & Merchants showed an EPS of $0.44, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.26 and a 52-week-low of $17.76. Farmers & Merchants closed at $23.18 at the end of the last trading period.

According to Raymond James, the prior rating for Willis Towers Watson PLC WTW was changed from Strong Buy to Outperform. In the second quarter, Willis Towers Watson showed an EPS of $2.05, compared to $2.32 from the year-ago quarter. At the moment, the stock has a 52-week-high of $258.93 and a 52-week-low of $197.48. Willis Towers Watson closed at $212.25 at the end of the last trading period.

According to Bernstein, the prior rating for ASML Holding NV ASML was changed from Outperform to Market Perform. In the second quarter, ASML Holding showed an EPS of $5.37, compared to $3.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $771.98 and a 52-week-low of $363.31. ASML Holding closed at $708.12 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Maxim Group initiated coverage on ARB IOT Group Ltd ARBB with a Buy rating. The price target for ARB IOT Group is set to $8.00. The current stock performance of ARB IOT Group shows a 52-week-high of $5.40 and a 52-week-low of $2.25. Moreover, at the end of the last trading period, the closing price was at $2.35.

With a Buy rating, Craig-Hallum initiated coverage on Yelp Inc YELP. The price target seems to have been set at $54.00 for Yelp. For the first quarter, Yelp had an EPS of $0.02, compared to year-ago quarter EPS of $0.01. The current stock performance of Yelp shows a 52-week-high of $43.99 and a 52-week-low of $25.48. Moreover, at the end of the last trading period, the closing price was at $42.85.

With an Outperform rating, TD Cowen initiated coverage on Hims & Hers Health Inc HIMS. The price target seems to have been set at $11.00 for Hims & Hers Health. In the first quarter, Hims & Hers Health showed an EPS of $0.05, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.34 and a 52-week-low of $4.01. Hims & Hers Health closed at $8.41 at the end of the last trading period.

Wedbush initiated coverage on Palantir Technologies Inc PLTR with an Outperform rating. The price target for Palantir Technologies is set to $25.00. In the first quarter, Palantir Technologies showed an EPS of $0.05, compared to $0.02 from the year-ago quarter. The stock has a 52-week-high of $19.00 and a 52-week-low of $5.84. At the end of the last trading period, Palantir Technologies closed at $16.15.

With an Overweight rating, Cantor Fitzgerald initiated coverage on TeraWulf Inc WULF. The price target seems to have been set at $4.00 for TeraWulf. TeraWulf earned $0.16 in the first quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $4.04 and a 52-week-low of $0.54. At the end of the last trading period, TeraWulf closed at $3.34.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Belite Bio Inc BLTE. The price target seems to have been set at $43.00 for Belite Bio. NoneThe stock has a 52-week-high of $39.80 and a 52-week-low of $11.00. At the end of the last trading period, Belite Bio closed at $20.55.

HC Wainwright & Co. initiated coverage on Terran Orbital Corp LLAP with a Buy rating. The price target for Terran Orbital is set to $5.00. In the first quarter, Terran Orbital showed an EPS of $0.38, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $4.64 and a 52-week-low of $1.11. At the end of the last trading period, Terran Orbital closed at $1.34.

Piper Sandler initiated coverage on Beyond Air Inc XAIR with an Overweight rating. The price target for Beyond Air is set to $10.00. Beyond Air earned $0.67 in the fourth quarter, compared to $0.73 in the year-ago quarter. The stock has a 52-week-high of $11.75 and a 52-week-low of $3.21. At the end of the last trading period, Beyond Air closed at $3.23.

With a Buy rating, Stifel initiated coverage on Luna Innovations Inc LUNA. The price target seems to have been set at $12.50 for Luna Innovations. For the first quarter, Luna Innovations had an EPS of $0.00, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $10.97 and a 52-week-low of $4.07. Luna Innovations closed at $8.43 at the end of the last trading period.

With a Buy rating, B. Riley Securities initiated coverage on Blue Owl Capital Corp OBDC. The price target seems to have been set at $15.25 for Blue Owl Capital. In the first quarter, Blue Owl Capital showed an EPS of $0.45, compared to $0.31 from the year-ago quarter. The current stock performance of Blue Owl Capital shows a 52-week-high of $14.28 and a 52-week-low of $13.28. Moreover, at the end of the last trading period, the closing price was at $14.05.

With a Neutral rating, B. Riley Securities initiated coverage on SLR Investment Corp SLRC. The price target seems to have been set at $15.00 for SLR Inv. In the first quarter, SLR Inv showed an EPS of $0.41, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $16.09 and a 52-week-low of $12.08. At the end of the last trading period, SLR Inv closed at $15.01.

B. Riley Securities initiated coverage on FS KKR Capital Corp FSK with a Buy rating. The price target for FS KKR Capital is set to $21.00. For the first quarter, FS KKR Capital had an EPS of $0.78, compared to year-ago quarter EPS of $0.72. The current stock performance of FS KKR Capital shows a 52-week-high of $22.57 and a 52-week-low of $16.71. Moreover, at the end of the last trading period, the closing price was at $20.07.

With a Neutral rating, B. Riley Securities initiated coverage on Carlyle Secured Lending Inc CGBD. The price target seems to have been set at $16.00 for Carlyle Secured Lending. In the first quarter, Carlyle Secured Lending showed an EPS of $0.50, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $15.89 and a 52-week-low of $11.25. At the end of the last trading period, Carlyle Secured Lending closed at $15.39.

See all analyst ratings initiations.