Benzinga's Top Ratings Upgrades, Downgrades For August 21, 2023

Upgrades

Wolfe Research upgraded the previous rating for ArcBest Corp ARCB from Peer Perform to Outperform. ArcBest earned $1.54 in the second quarter, compared to $4.30 in the year-ago quarter. The current stock performance of ArcBest shows a 52-week-high of $122.86 and a 52-week-low of $68.01. Moreover, at the end of the last trading period, the closing price was at $104.60.

Stephens & Co. upgraded the previous rating for AppFolio Inc APPF from Equal-Weight to Overweight. For the second quarter, AppFolio had an EPS of $0.23, compared to year-ago quarter EPS of $0.03. The current stock performance of AppFolio shows a 52-week-high of $195.90 and a 52-week-low of $93.04. Moreover, at the end of the last trading period, the closing price was at $166.96.

According to Seaport Global, the prior rating for Liberty SiriusXM Group LSXMA was changed from Neutral to Buy. Liberty SiriusXM Gr earned $0.08 in the second quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Liberty SiriusXM Gr shows a 52-week-high of $45.26 and a 52-week-low of $22.50. Moreover, at the end of the last trading period, the closing price was at $23.23.

Citigroup upgraded the previous rating for Insulet Corp PODD from Neutral to Buy. In the second quarter, Insulet showed an EPS of $0.38, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $335.91 and a 52-week-low of $204.26. Insulet closed at $205.10 at the end of the last trading period.

For XPeng Inc XPEV, B of A Securities upgraded the previous rating of Neutral to Buy. XPeng earned $0.43 in the second quarter, compared to $0.43 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.62 and a 52-week-low of $6.18. XPeng closed at $14.98 at the end of the last trading period.

Jefferies upgraded the previous rating for Acushnet Holdings Corp GOLF from Hold to Buy. In the second quarter, Acushnet Hldgs showed an EPS of $1.09, compared to $0.91 from the year-ago quarter. At the moment, the stock has a 52-week-high of $61.98 and a 52-week-low of $42.06. Acushnet Hldgs closed at $54.71 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Cogent Communications Holdings Inc CCOI was changed from Sell to Neutral. For the second quarter, Cogent Comms Hldgs had an EPS of $0.67, compared to year-ago quarter EPS of $0.24. The current stock performance of Cogent Comms Hldgs shows a 52-week-high of $75.00 and a 52-week-low of $46.88. Moreover, at the end of the last trading period, the closing price was at $69.33.

See all analyst ratings upgrades.

Downgrades

CBRE downgraded the previous rating for Full House Resorts Inc FLL from Buy to Hold. In the second quarter, Full House Resorts showed an EPS of $0.16, compared to $0.13 from the year-ago quarter. The current stock performance of Full House Resorts shows a 52-week-high of $10.13 and a 52-week-low of $4.61. Moreover, at the end of the last trading period, the closing price was at $5.04.

Macquarie downgraded the previous rating for Kanzhun Ltd BZ from Outperform to Neutral. For the first quarter, Kanzhun had an EPS of $0.08, compared to year-ago quarter EPS of $0.04. The current stock performance of Kanzhun shows a 52-week-high of $26.33 and a 52-week-low of $9.75. Moreover, at the end of the last trading period, the closing price was at $14.71.

According to Lake Street, the prior rating for NAPCO Security Technologies Inc NSSC was changed from Buy to Hold. NAPCO Security Techs earned $0.29 in the third quarter, compared to $0.08 in the year-ago quarter. The stock has a 52-week-high of $41.25 and a 52-week-low of $24.26. At the end of the last trading period, NAPCO Security Techs closed at $38.41.

For NAPCO Security Technologies Inc NSSC, B. Riley Securities downgraded the previous rating of Buy to Neutral. In the third quarter, NAPCO Security Techs showed an EPS of $0.29, compared to $0.08 from the year-ago quarter. The current stock performance of NAPCO Security Techs shows a 52-week-high of $41.25 and a 52-week-low of $24.26. Moreover, at the end of the last trading period, the closing price was at $38.41.

According to JonesTrading, the prior rating for TRACON Pharmaceuticals Inc TCON was changed from Buy to Hold. In the second quarter, TRACON Pharma showed an EPS of $0.20, compared to $0.31 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.25 and a 52-week-low of $0.19. TRACON Pharma closed at $0.23 at the end of the last trading period.

TD Cowen downgraded the previous rating for Alpha Metallurgical Resources Inc AMR from Outperform to Market Perform. Alpha Metallurgical earned $12.16 in the second quarter, compared to $30.03 in the year-ago quarter. The stock has a 52-week-high of $202.20 and a 52-week-low of $116.86. At the end of the last trading period, Alpha Metallurgical closed at $195.94.

According to William Blair, the prior rating for NAPCO Security Technologies Inc NSSC was changed from Outperform to Market Perform. In the third quarter, NAPCO Security Techs showed an EPS of $0.29, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $41.25 and a 52-week-low of $24.26. At the end of the last trading period, NAPCO Security Techs closed at $38.41.

JP Morgan downgraded the previous rating for Medical Properties Trust Inc MPW from Neutral to Underweight. For the second quarter, Medical Properties Trust had an EPS of $0.48, compared to year-ago quarter EPS of $0.46. At the moment, the stock has a 52-week-high of $16.64 and a 52-week-low of $6.38. Medical Properties Trust closed at $6.93 at the end of the last trading period.

For Sarcos Technology & Robotics Corp STRC, Jefferies downgraded the previous rating of Buy to Hold. For the second quarter, Sarcos Technology had an EPS of $0.86, compared to year-ago quarter EPS of $0.72. At the moment, the stock has a 52-week-high of $24.48 and a 52-week-low of $1.19. Sarcos Technology closed at $1.25 at the end of the last trading period.

According to Baird, the prior rating for Insulet Corp PODD was changed from Outperform to Neutral. In the second quarter, Insulet showed an EPS of $0.38, compared to $0.06 from the year-ago quarter. The current stock performance of Insulet shows a 52-week-high of $335.91 and a 52-week-low of $204.26. Moreover, at the end of the last trading period, the closing price was at $205.10.

See all analyst ratings downgrades.

Initiations

Lake Street initiated coverage on OptiNose Inc OPTN with a Buy rating. The price target for OptiNose is set to $3.00. OptiNose earned $0.02 in the second quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.00 and a 52-week-low of $0.90. OptiNose closed at $1.30 at the end of the last trading period.

Noble Capital Markets initiated coverage on AZZ Inc AZZ with an Outperform rating. The price target for AZZ is set to $60.00. AZZ earned $1.14 in the first quarter, compared to $1.40 in the year-ago quarter. The current stock performance of AZZ shows a 52-week-high of $47.63 and a 52-week-low of $30.24. Moreover, at the end of the last trading period, the closing price was at $46.10.

TD Cowen initiated coverage on Merus NV MRUS with an Outperform rating. For the second quarter, Merus had an EPS of $0.66, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $27.70 and a 52-week-low of $12.05. Merus closed at $21.09 at the end of the last trading period.

With a Buy rating, Roth MKM initiated coverage on GameSquare Holdings Inc GAME. The price target seems to have been set at $7.00 for GameSquare Holdings. GameSquare Holdings earned $0.32 in the second quarter, compared to $0.49 in the year-ago quarter. The current stock performance of GameSquare Holdings shows a 52-week-high of $38.24 and a 52-week-low of $2.29. Moreover, at the end of the last trading period, the closing price was at $2.63.

With an Overweight rating, JP Morgan initiated coverage on Restaurant Brands International Inc QSR. The price target seems to have been set at $82.00 for Restaurant Brands Intl. For the second quarter, Restaurant Brands Intl had an EPS of $0.85, compared to year-ago quarter EPS of $0.82. The current stock performance of Restaurant Brands Intl shows a 52-week-high of $78.30 and a 52-week-low of $51.28. Moreover, at the end of the last trading period, the closing price was at $68.69.

JP Morgan initiated coverage on FMC Corp FMC with a Neutral rating. The price target for FMC is set to $90.00. In the second quarter, FMC showed an EPS of $0.50, compared to $1.93 from the year-ago quarter. At the moment, the stock has a 52-week-high of $134.38 and a 52-week-low of $86.61. FMC closed at $89.00 at the end of the last trading period.

See all analyst ratings initiations.