Benzinga's Top Ratings Upgrades, Downgrades For August 11, 2023

Upgrades

For Alibaba Group Holding Ltd BABA, DZ Bank upgraded the previous rating of Hold to Buy. For the first quarter, Alibaba Gr Holding had an EPS of $2.40, compared to year-ago quarter EPS of $1.75. The current stock performance of Alibaba Gr Holding shows a 52-week-high of $121.30 and a 52-week-low of $58.02. Moreover, at the end of the last trading period, the closing price was at $99.21.

Credit Suisse upgraded the previous rating for Himax Technologies Inc HIMX from Neutral to Outperform. In the second quarter, Himax Techs showed an EPS of $0.01, compared to $0.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.70 and a 52-week-low of $4.82. Himax Techs closed at $6.55 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for Pinnacle West Capital Corp PNW was changed from Underperform to In-Line. Pinnacle West Capital earned $0.94 in the second quarter, compared to $1.45 in the year-ago quarter. At the moment, the stock has a 52-week-high of $86.03 and a 52-week-low of $59.07. Pinnacle West Capital closed at $77.10 at the end of the last trading period.

For Twilio Inc TWLO, Argus Research upgraded the previous rating of Hold to Buy. Twilio earned $0.54 in the second quarter, compared to $0.11 in the year-ago quarter. At the moment, the stock has a 52-week-high of $90.71 and a 52-week-low of $41.00. Twilio closed at $60.58 at the end of the last trading period.

According to Exane BNP Paribas, the prior rating for Rivian Automotive Inc RIVN was changed from Neutral to Outperform. For the second quarter, Rivian Automotive had an EPS of $1.08, compared to year-ago quarter EPS of $1.62. At the moment, the stock has a 52-week-high of $40.86 and a 52-week-low of $11.68. Rivian Automotive closed at $21.91 at the end of the last trading period.

According to Benchmark, the prior rating for Rigetti Computing Inc RGTI was changed from Hold to Buy. In the second quarter, Rigetti Computing showed an EPS of $0.13, compared to $0.09 from the year-ago quarter. The current stock performance of Rigetti Computing shows a 52-week-high of $5.89 and a 52-week-low of $0.36. Moreover, at the end of the last trading period, the closing price was at $1.64.

According to Wolfe Research, the prior rating for Hubbell Inc HUBB was changed from Underperform to Peer Perform. For the second quarter, Hubbell had an EPS of $4.07, compared to year-ago quarter EPS of $2.81. The stock has a 52-week-high of $340.06 and a 52-week-low of $204.31. At the end of the last trading period, Hubbell closed at $302.37.

According to B of A Securities, the prior rating for Sabra Health Care REIT Inc SBRA was changed from Underperform to Neutral. Sabra Health Care REIT earned $0.33 in the second quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.57 and a 52-week-low of $10.08. Sabra Health Care REIT closed at $12.43 at the end of the last trading period.

According to TD Cowen, the prior rating for Cogent Communications Holdings Inc CCOI was changed from Market Perform to Outperform. In the second quarter, Cogent Comms Hldgs showed an EPS of $0.67, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $75.00 and a 52-week-low of $46.88. At the end of the last trading period, Cogent Comms Hldgs closed at $65.97.

According to Morgan Stanley, the prior rating for DigitalOcean Holdings Inc DOCN was changed from Underweight to Equal-Weight. The current stock performance of DigitalOcean Holdings shows a 52-week-high of $53.86 and a 52-week-low of $23.39. Moreover, at the end of the last trading period, the closing price was at $35.01.

See all analyst ratings upgrades.

Downgrades

According to Jefferies, the prior rating for Cano Health Inc CANO was changed from Buy to Hold. For the second quarter, Cano Health had an EPS of $0.51, compared to year-ago quarter EPS of $0.03. The current stock performance of Cano Health shows a 52-week-high of $9.75 and a 52-week-low of $0.76. Moreover, at the end of the last trading period, the closing price was at $1.52.

B of A Securities downgraded the previous rating for Triumph Group Inc TGI from Buy to Underperform. In the first quarter, Triumph Group showed an EPS of $0.10, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $15.64 and a 52-week-low of $7.85. Triumph Group closed at $8.43 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Capri Holdings Ltd CPRI from Overweight to Equal-Weight. For the first quarter, Capri Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $1.50. The current stock performance of Capri Holdings shows a 52-week-high of $69.25 and a 52-week-low of $34.17. Moreover, at the end of the last trading period, the closing price was at $53.90.

Lake Street downgraded the previous rating for One Stop Systems Inc OSS from Buy to Hold. In the second quarter, One Stop Systems showed an EPS of $0.00, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.10 and a 52-week-low of $2.29. One Stop Systems closed at $3.22 at the end of the last trading period.

Exane BNP Paribas downgraded the previous rating for Lucid Group Inc LCID from Neutral to Underperform. Lucid Gr earned $0.40 in the second quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.15 and a 52-week-low of $5.46. Lucid Gr closed at $6.78 at the end of the last trading period.

For One Stop Systems Inc OSS, Noble Capital Markets downgraded the previous rating of Outperform to Market Perform. One Stop Systems earned $0.00 in the second quarter, compared to $0.04 in the year-ago quarter. The current stock performance of One Stop Systems shows a 52-week-high of $4.10 and a 52-week-low of $2.29. Moreover, at the end of the last trading period, the closing price was at $3.22.

For The Joint Corp JYNT, Maxim Group downgraded the previous rating of Buy to Hold. The current stock performance of Joint shows a 52-week-high of $23.53 and a 52-week-low of $12.25. Moreover, at the end of the last trading period, the closing price was at $12.64.

According to Craig-Hallum, the prior rating for Origin Materials Inc ORGN was changed from Buy to Hold. For the second quarter, Origin Mat had an EPS of $0.05, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $7.34 and a 52-week-low of $1.24. Origin Mat closed at $1.46 at the end of the last trading period.

Stifel downgraded the previous rating for Atreca Inc BCEL from Buy to Hold. In the second quarter, Atreca showed an EPS of $0.49, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $2.78 and a 52-week-low of $0.76. At the end of the last trading period, Atreca closed at $0.88.

Wells Fargo downgraded the previous rating for Kezar Life Sciences Inc KZR from Overweight to Equal-Weight. Kezar Life Sciences earned $0.34 in the second quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $10.78 and a 52-week-low of $1.98. Kezar Life Sciences closed at $2.05 at the end of the last trading period.

For Wolverine World Wide Inc WWW, Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. For the second quarter, Wolverine World Wide had an EPS of $0.19, compared to year-ago quarter EPS of $0.66. At the moment, the stock has a 52-week-high of $23.43 and a 52-week-low of $8.75. Wolverine World Wide closed at $8.77 at the end of the last trading period.

For Heritage Commerce Corp HTBK, Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. Heritage Commerce earned $0.27 in the second quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $14.85 and a 52-week-low of $6.69. At the end of the last trading period, Heritage Commerce closed at $9.40.

Alliance Global Partners downgraded the previous rating for One Stop Systems Inc OSS from Buy to Neutral. One Stop Systems earned $0.00 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.10 and a 52-week-low of $2.29. One Stop Systems closed at $3.22 at the end of the last trading period.

According to Baird, the prior rating for Capri Holdings Ltd CPRI was changed from Outperform to Neutral. In the first quarter, Capri Holdings showed an EPS of $0.74, compared to $1.50 from the year-ago quarter. At the moment, the stock has a 52-week-high of $69.25 and a 52-week-low of $34.17. Capri Holdings closed at $53.90 at the end of the last trading period.

According to UBS, the prior rating for Sealed Air Corp SEE was changed from Buy to Neutral. Sealed Air earned $0.80 in the second quarter, compared to $1.01 in the year-ago quarter. The stock has a 52-week-high of $59.66 and a 52-week-low of $37.34. At the end of the last trading period, Sealed Air closed at $38.97.

Wolfe Research downgraded the previous rating for Stanley Black & Decker Inc SWK from Peer Perform to Underperform. In the second quarter, Stanley Black & Decker showed an EPS of $0.11, compared to $1.77 from the year-ago quarter. The current stock performance of Stanley Black & Decker shows a 52-week-high of $104.39 and a 52-week-low of $70.27. Moreover, at the end of the last trading period, the closing price was at $95.32.

According to B of A Securities, the prior rating for Medical Properties Trust Inc MPW was changed from Neutral to Underperform. Medical Properties Trust earned $0.48 in the second quarter, compared to $0.46 in the year-ago quarter. The current stock performance of Medical Properties Trust shows a 52-week-high of $16.81 and a 52-week-low of $7.10. Moreover, at the end of the last trading period, the closing price was at $8.13.

For Ventas Inc VTR, B of A Securities downgraded the previous rating of Buy to Neutral. In the second quarter, Ventas showed an EPS of $0.75, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $53.15 and a 52-week-low of $35.34. At the end of the last trading period, Ventas closed at $43.56.

HC Wainwright & Co. downgraded the previous rating for Atreca Inc BCEL from Buy to Neutral. In the second quarter, Atreca showed an EPS of $0.49, compared to $0.72 from the year-ago quarter. The stock has a 52-week-high of $2.78 and a 52-week-low of $0.76. At the end of the last trading period, Atreca closed at $0.88.

For Capri Holdings Ltd CPRI, Raymond James downgraded the previous rating of Strong Buy to Market Perform. For the first quarter, Capri Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $1.50. The stock has a 52-week-high of $69.25 and a 52-week-low of $34.17. At the end of the last trading period, Capri Holdings closed at $53.90.

HC Wainwright & Co. downgraded the previous rating for eMagin Corp EMAN from Buy to Neutral. For the second quarter, eMagin had an EPS of $0.13, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $2.49 and a 52-week-low of $0.59. eMagin closed at $1.98 at the end of the last trading period.

For Olaplex Holdings Inc OLPX, Canaccord Genuity downgraded the previous rating of Buy to Hold. For the second quarter, Olaplex Hldgs had an EPS of $0.03, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $16.54 and a 52-week-low of $2.59. At the end of the last trading period, Olaplex Hldgs closed at $2.62.

For Wolverine World Wide Inc WWW, William Blair downgraded the previous rating of Buy to Hold. Wolverine World Wide earned $0.19 in the second quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $23.43 and a 52-week-low of $8.75. At the end of the last trading period, Wolverine World Wide closed at $8.77.

Raymond James downgraded the previous rating for Forward Air Corp FWRD from Strong Buy to Market Perform. In the second quarter, Forward Air showed an EPS of $0.91, compared to $2.04 from the year-ago quarter. The stock has a 52-week-high of $121.38 and a 52-week-low of $88.23. At the end of the last trading period, Forward Air closed at $104.02.

For Capri Holdings Ltd CPRI, Guggenheim downgraded the previous rating of Buy to Neutral. In the first quarter, Capri Holdings showed an EPS of $0.74, compared to $1.50 from the year-ago quarter. The current stock performance of Capri Holdings shows a 52-week-high of $69.25 and a 52-week-low of $34.17. Moreover, at the end of the last trading period, the closing price was at $53.90.

Raymond James downgraded the previous rating for Medical Properties Trust Inc MPW from Strong Buy to Underperform. In the second quarter, Medical Properties Trust showed an EPS of $0.48, compared to $0.46 from the year-ago quarter. The current stock performance of Medical Properties Trust shows a 52-week-high of $16.81 and a 52-week-low of $7.10. Moreover, at the end of the last trading period, the closing price was at $8.13.

For Capri Holdings Ltd CPRI, UBS downgraded the previous rating of Buy to Neutral. Capri Holdings earned $0.74 in the first quarter, compared to $1.50 in the year-ago quarter. The current stock performance of Capri Holdings shows a 52-week-high of $69.25 and a 52-week-low of $34.17. Moreover, at the end of the last trading period, the closing price was at $53.90.

For Capri Holdings Ltd CPRI, Citigroup downgraded the previous rating of Buy to Neutral. For the first quarter, Capri Holdings had an EPS of $0.74, compared to year-ago quarter EPS of $1.50. At the moment, the stock has a 52-week-high of $69.25 and a 52-week-low of $34.17. Capri Holdings closed at $53.90 at the end of the last trading period.

For Forward Air Corp FWRD, Wolfe Research downgraded the previous rating of Peer Perform to Underperform. For the second quarter, Forward Air had an EPS of $0.91, compared to year-ago quarter EPS of $2.04. At the moment, the stock has a 52-week-high of $121.38 and a 52-week-low of $88.23. Forward Air closed at $104.02 at the end of the last trading period.

According to Citigroup, the prior rating for Cano Health Inc CANO was changed from Buy to Neutral. In the second quarter, Cano Health showed an EPS of $0.51, compared to $0.03 from the year-ago quarter. The current stock performance of Cano Health shows a 52-week-high of $9.75 and a 52-week-low of $0.76. Moreover, at the end of the last trading period, the closing price was at $1.52.

According to Stifel, the prior rating for Forward Air Corp FWRD was changed from Buy to Hold. In the second quarter, Forward Air showed an EPS of $0.91, compared to $2.04 from the year-ago quarter. The current stock performance of Forward Air shows a 52-week-high of $121.38 and a 52-week-low of $88.23. Moreover, at the end of the last trading period, the closing price was at $104.02.

Keybanc downgraded the previous rating for Telesis Bio Inc TBIO from Overweight to Sector Weight. For the second quarter, Telesis Bio had an EPS of $0.28, compared to year-ago quarter EPS of $0.50. At the moment, the stock has a 52-week-high of $3.32 and a 52-week-low of $1.09. Telesis Bio closed at $1.39 at the end of the last trading period.

According to Oppenheimer, the prior rating for Marinus Pharmaceuticals Inc MRNS was changed from Outperform to Perform. In the second quarter, Marinus Pharma showed an EPS of $0.61, compared to $1.06 from the year-ago quarter. The stock has a 52-week-high of $11.15 and a 52-week-low of $3.48. At the end of the last trading period, Marinus Pharma closed at $7.89.

Wells Fargo downgraded the previous rating for Western Midstream Partners LP WES from Overweight to Equal-Weight. Western Midstream earned $0.64 in the second quarter, compared to $0.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of $29.11 and a 52-week-low of $23.24. Western Midstream closed at $27.73 at the end of the last trading period.

Seaport Global downgraded the previous rating for Wolverine World Wide Inc WWW from Buy to Neutral. Wolverine World Wide earned $0.19 in the second quarter, compared to $0.66 in the year-ago quarter. The stock has a 52-week-high of $23.43 and a 52-week-low of $8.75. At the end of the last trading period, Wolverine World Wide closed at $8.77.

See all analyst ratings downgrades.

Initiations

With an Overweight rating, Capital One initiated coverage on Jasper Therapeutics Inc JSPR. The price target seems to have been set at $7.00 for Jasper Therapeutics. In the first quarter, Jasper Therapeutics showed an EPS of $0.16, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $3.80 and a 52-week-low of $0.39. At the end of the last trading period, Jasper Therapeutics closed at $1.41.

William Blair initiated coverage on HCI Group Inc HCI with a Market Perform rating. For the second quarter, HCI Group had an EPS of $1.22, compared to year-ago quarter EPS of $0.71. The stock has a 52-week-high of $70.00 and a 52-week-low of $27.72. At the end of the last trading period, HCI Group closed at $62.31.

William Blair initiated coverage on Hippo Holdings Inc HIPO with a Market Perform rating. Hippo Holdings earned $4.61 in the second quarter, compared to $3.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $27.25 and a 52-week-low of $10.25. Hippo Holdings closed at $10.33 at the end of the last trading period.

With a Buy rating, Guggenheim initiated coverage on CymaBay Therapeutics Inc CBAY. The price target seems to have been set at $20.00 for CymaBay Therapeutics. In the second quarter, CymaBay Therapeutics showed an EPS of $0.01, compared to $0.31 from the year-ago quarter. The stock has a 52-week-high of $13.25 and a 52-week-low of $3.15. At the end of the last trading period, CymaBay Therapeutics closed at $12.96.

B of A Securities initiated coverage on Kura Oncology Inc KURA with a Buy rating. The price target for Kura Oncology is set to $31.00. Kura Oncology earned $0.53 in the second quarter, compared to $0.52 in the year-ago quarter. The current stock performance of Kura Oncology shows a 52-week-high of $17.42 and a 52-week-low of $9.49. Moreover, at the end of the last trading period, the closing price was at $11.04.

With a Market Perform rating, Hovde Group initiated coverage on Towne Bank TOWN. The price target seems to have been set at $27.00 for Towne Bank. For the second quarter, Towne Bank had an EPS of $0.52, compared to year-ago quarter EPS of $0.64. The current stock performance of Towne Bank shows a 52-week-high of $33.42 and a 52-week-low of $21.22. Moreover, at the end of the last trading period, the closing price was at $25.13.

JP Morgan initiated coverage on Expeditors International of Washington Inc EXPD with an Underweight rating. The price target for Expeditors Intl is set to $110.00. Expeditors Intl earned $1.30 in the second quarter, compared to $2.27 in the year-ago quarter. The current stock performance of Expeditors Intl shows a 52-week-high of $128.04 and a 52-week-low of $86.08. Moreover, at the end of the last trading period, the closing price was at $117.97.

With a Neutral rating, JP Morgan initiated coverage on Madison Square Garden Entertainment Corp MSGE. The price target seems to have been set at $38.00 for Madison Square Garden. For the third quarter, Madison Square Garden had an EPS of $0.42, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $69.75 and a 52-week-low of $28.09. At the end of the last trading period, Madison Square Garden closed at $32.33.

With an Overweight rating, Piper Sandler initiated coverage on PROCEPT BioRobotics Corp PRCT. The price target seems to have been set at $42.00 for PROCEPT BioRobotics. For the second quarter, PROCEPT BioRobotics had an EPS of $0.56, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $52.40 and a 52-week-low of $25.29. PROCEPT BioRobotics closed at $31.66 at the end of the last trading period.

See all analyst ratings initiations.