Benzinga's Top Ratings Upgrades, Downgrades For August 22, 2023

Upgrades

Stifel upgraded the previous rating for Fulcrum Therapeutics Inc FULC from Hold to Buy. For the second quarter, Fulcrum Therapeutics had an EPS of $0.38, compared to year-ago quarter EPS of $0.83. The stock has a 52-week-high of $15.00 and a 52-week-low of $2.25. At the end of the last trading period, Fulcrum Therapeutics closed at $3.92.

For Restaurant Brands International Inc QSR, Northcoast Research upgraded the previous rating of Neutral to Buy. Restaurant Brands Intl earned $0.85 in the second quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $78.30 and a 52-week-low of $51.28. At the end of the last trading period, Restaurant Brands Intl closed at $69.34.

Compass Point upgraded the previous rating for Trinity Capital Inc TRIN from Neutral to Buy. Trinity Cap earned $0.58 in the second quarter, compared to $0.48 in the year-ago quarter. The stock has a 52-week-high of $15.55 and a 52-week-low of $10.24. At the end of the last trading period, Trinity Cap closed at $14.35.

Mizuho upgraded the previous rating for Pinnacle West Capital Corp PNW from Neutral to Buy. In the second quarter, Pinnacle West Capital showed an EPS of $0.94, compared to $1.45 from the year-ago quarter. The current stock performance of Pinnacle West Capital shows a 52-week-high of $86.03 and a 52-week-low of $59.07. Moreover, at the end of the last trading period, the closing price was at $77.68.

According to Mizuho, the prior rating for Edison International EIX was changed from Neutral to Buy. For the second quarter, Edison Intl had an EPS of $1.01, compared to year-ago quarter EPS of $0.94. The current stock performance of Edison Intl shows a 52-week-high of $74.92 and a 52-week-low of $54.51. Moreover, at the end of the last trading period, the closing price was at $69.01.

For Emerson Electric Co EMR, JP Morgan upgraded the previous rating of Neutral to Overweight. For the third quarter, Emerson Electric had an EPS of $1.29, compared to year-ago quarter EPS of $1.38. The stock has a 52-week-high of $99.65 and a 52-week-low of $72.42. At the end of the last trading period, Emerson Electric closed at $95.06.

For Shift4 Payments Inc FOUR, Raymond James upgraded the previous rating of Market Perform to Outperform. For the second quarter, Shift4 Payments had an EPS of $0.74, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $76.40 and a 52-week-low of $36.37. Shift4 Payments closed at $54.22 at the end of the last trading period.

Piper Sandler upgraded the previous rating for Provident Financial Services Inc PFS from Neutral to Overweight. For the second quarter, Provident Finl Servs had an EPS of $0.43, compared to year-ago quarter EPS of $0.53. The current stock performance of Provident Finl Servs shows a 52-week-high of $25.21 and a 52-week-low of $14.54. Moreover, at the end of the last trading period, the closing price was at $16.60.

According to UBS, the prior rating for Aramark ARMK was changed from Neutral to Buy. In the third quarter, Aramark showed an EPS of $0.36, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $45.72 and a 52-week-low of $30.75. At the end of the last trading period, Aramark closed at $36.51.

According to Jefferies, the prior rating for AppLovin Corp APP was changed from Hold to Buy. In the second quarter, AppLovin showed an EPS of $0.22, compared to $0.06 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.04 and a 52-week-low of $9.14. AppLovin closed at $39.01 at the end of the last trading period.

JP Morgan upgraded the previous rating for Cognizant Technology Solutions Corp CTSH from Underweight to Neutral. In the second quarter, Cognizant Tech Solns showed an EPS of $1.10, compared to $1.14 from the year-ago quarter. The current stock performance of Cognizant Tech Solns shows a 52-week-high of $72.70 and a 52-week-low of $51.33. Moreover, at the end of the last trading period, the closing price was at $68.76.

Goldman Sachs upgraded the previous rating for Jefferies Financial Group Inc JEF from Neutral to Buy. In the second quarter, Jefferies Financial Gr showed an EPS of $0.06, compared to $0.45 from the year-ago quarter. The stock has a 52-week-high of $40.68 and a 52-week-low of $27.49. At the end of the last trading period, Jefferies Financial Gr closed at $34.24.

For Iron Mountain Inc IRM, RBC Capital upgraded the previous rating of Sector Perform to Outperform. Iron Mountain earned $0.40 in the second quarter, compared to $0.46 in the year-ago quarter. The current stock performance of Iron Mountain shows a 52-week-high of $62.88 and a 52-week-low of $43.38. Moreover, at the end of the last trading period, the closing price was at $58.56.

See all analyst ratings upgrades.

Downgrades

OTR Global downgraded the previous rating for Workday Inc WDAY from Positive to Mixed. Workday earned $1.31 in the first quarter, compared to $0.83 in the year-ago quarter. The current stock performance of Workday shows a 52-week-high of $240.18 and a 52-week-low of $128.73. Moreover, at the end of the last trading period, the closing price was at $227.23.

According to Cantor Fitzgerald, the prior rating for Aravive Inc ARAV was changed from Overweight to Neutral. For the second quarter, Aravive had an EPS of $0.12, compared to year-ago quarter EPS of $0.61. The stock has a 52-week-high of $2.46 and a 52-week-low of $0.18. At the end of the last trading period, Aravive closed at $0.20.

According to B of A Securities, the prior rating for Xcel Energy Inc XEL was changed from Buy to Neutral. Xcel Energy earned $0.52 in the second quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Xcel Energy shows a 52-week-high of $77.63 and a 52-week-low of $56.92. Moreover, at the end of the last trading period, the closing price was at $57.96.

Daiwa Capital downgraded the previous rating for Target Corp TGT from Outperform to Neutral. Target earned $1.80 in the second quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $181.70 and a 52-week-low of $124.96. Target closed at $127.79 at the end of the last trading period.

For Genpact Ltd G, JP Morgan downgraded the previous rating of Neutral to Underweight. In the second quarter, Genpact showed an EPS of $0.72, compared to $0.70 from the year-ago quarter. At the moment, the stock has a 52-week-high of $48.83 and a 52-week-low of $35.31. Genpact closed at $36.26 at the end of the last trading period.

For PhenomeX Inc CELL, Berenberg downgraded the previous rating of Buy to Hold. In the second quarter, PhenomeX showed an EPS of $0.33, compared to $0.38 from the year-ago quarter. The current stock performance of PhenomeX shows a 52-week-high of $1.28 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $0.93.

According to Jefferies, the prior rating for Certara Inc CERT was changed from Buy to Hold. In the second quarter, Certara showed an EPS of $0.12, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.96 and a 52-week-low of $10.61. Certara closed at $16.11 at the end of the last trading period.

For Evercore Inc EVR, Goldman Sachs downgraded the previous rating of Buy to Neutral. Evercore earned $0.96 in the second quarter, compared to $2.46 in the year-ago quarter. The current stock performance of Evercore shows a 52-week-high of $141.63 and a 52-week-low of $78.68. Moreover, at the end of the last trading period, the closing price was at $133.35.

For Kanzhun Ltd BZ, Macquarie downgraded the previous rating of Outperform to Neutral. In the first quarter, Kanzhun showed an EPS of $0.08, compared to $0.04 from the year-ago quarter. 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 $14.57.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Alliance Global Partners initiated coverage on Aspira Womens Health Inc AWH. The price target seems to have been set at $5.60 for Aspira Womens Health. For the second quarter, Aspira Womens Health had an EPS of $0.28, compared to year-ago quarter EPS of $1.05. At the moment, the stock has a 52-week-high of $14.25 and a 52-week-low of $2.31. Aspira Womens Health closed at $2.76 at the end of the last trading period.

WestPark Capital initiated coverage on The Glimpse Group Inc VRAR with a Buy rating. The price target for Glimpse Group is set to $8.87. Glimpse Group earned $0.38 in the third quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $6.90 and a 52-week-low of $2.50. At the end of the last trading period, Glimpse Group closed at $2.96.

Wells Fargo initiated coverage on Karuna Therapeutics Inc KRTX with an Overweight rating. The price target for Karuna Therapeutics is set to $225.00. Karuna Therapeutics earned $2.75 in the second quarter, compared to $2.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $274.81 and a 52-week-low of $159.73. Karuna Therapeutics closed at $174.89 at the end of the last trading period.

Wells Fargo initiated coverage on Celldex Therapeutics Inc CLDX with an Underweight rating. The price target for Celldex Therapeutics is set to $21.00. In the second quarter, Celldex Therapeutics showed an EPS of $0.65, compared to $0.77 from the year-ago quarter. The current stock performance of Celldex Therapeutics shows a 52-week-high of $48.40 and a 52-week-low of $27.13. Moreover, at the end of the last trading period, the closing price was at $30.57.

B of A Securities initiated coverage on Gulfport Energy Corp GPOR with a Buy rating. The price target for Gulfport Energy is set to $155.00. For the second quarter, Gulfport Energy had an EPS of $2.66, compared to year-ago quarter EPS of $5.09. The current stock performance of Gulfport Energy shows a 52-week-high of $114.88 and a 52-week-low of $60.15. Moreover, at the end of the last trading period, the closing price was at $111.28.

B of A Securities initiated coverage on Madison Square Garden Entertainment Corp MSGE with a Buy rating. The price target for Madison Square Garden is set to $41.00. In the fourth quarter, Madison Square Garden showed an EPS of $0.47, compared to $1.89 from the year-ago quarter. The current stock performance of Madison Square Garden shows a 52-week-high of $69.75 and a 52-week-low of $28.09. Moreover, at the end of the last trading period, the closing price was at $30.99.

With a Buy rating, Redburn Partners initiated coverage on Light & Wonder Inc LNW. The price target seems to have been set at $104.00 for Light & Wonder. For the second quarter, Light & Wonder had an EPS of $0.01, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $76.43 and a 52-week-low of $40.10. Light & Wonder closed at $73.84 at the end of the last trading period.

UBS initiated coverage on GXO Logistics Inc GXO with a Buy rating. The price target for GXO Logistics is set to $74.00. GXO Logistics earned $0.70 in the second quarter, compared to $0.68 in the year-ago quarter. The current stock performance of GXO Logistics shows a 52-week-high of $67.57 and a 52-week-low of $32.13. Moreover, at the end of the last trading period, the closing price was at $62.52.

UBS initiated coverage on Portland General Electric Co POR with a Neutral rating. The price target for Portland Gen Electric is set to $46.00. Portland Gen Electric earned $0.44 in the second quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $55.59 and a 52-week-low of $41.68. At the end of the last trading period, Portland Gen Electric closed at $43.87.

Bernstein initiated coverage on Surf Air Mobility Inc SRFM with an Outperform rating. The price target for Surf Air Mobility is set to $3.62. The current stock performance of Surf Air Mobility shows a 52-week-high of $5.00 and a 52-week-low of $1.10. Moreover, at the end of the last trading period, the closing price was at $1.24.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Axon Enterprise Inc AXON. The price target seems to have been set at $230.00 for Axon Enterprise. In the second quarter, Axon Enterprise showed an EPS of $1.11, compared to $0.44 from the year-ago quarter. The stock has a 52-week-high of $229.95 and a 52-week-low of $109.44. At the end of the last trading period, Axon Enterprise closed at $196.94.

Wedbush initiated coverage on Meta Platforms Inc META with an Outperform rating. The price target for Meta Platforms is set to $350.00. Meta Platforms earned $2.98 in the second quarter, compared to $2.46 in the year-ago quarter. The current stock performance of Meta Platforms shows a 52-week-high of $326.20 and a 52-week-low of $88.10. Moreover, at the end of the last trading period, the closing price was at $289.90.

Wedbush initiated coverage on Sea Ltd SE with an Outperform rating. The price target for Sea is set to $48.00. For the second quarter, Sea had an EPS of $0.54, compared to year-ago quarter EPS of $1.03. At the moment, the stock has a 52-week-high of $88.84 and a 52-week-low of $37.33. Sea closed at $38.67 at the end of the last trading period.

With an Outperform rating, Wedbush initiated coverage on Shopify Inc SHOP. The price target seems to have been set at $62.00 for Shopify. Shopify earned $0.14 in the second quarter, compared to $0.03 in the year-ago quarter. The stock has a 52-week-high of $71.43 and a 52-week-low of $23.64. At the end of the last trading period, Shopify closed at $53.93.

With an Outperform rating, Wedbush initiated coverage on MercadoLibre Inc MELI. The price target seems to have been set at $1500.00 for MercadoLibre. For the second quarter, MercadoLibre had an EPS of $5.16, compared to year-ago quarter EPS of $2.43. The stock has a 52-week-high of $1388.39 and a 52-week-low of $754.78. At the end of the last trading period, MercadoLibre closed at $1228.51.

With a Neutral rating, Wedbush initiated coverage on Pinterest Inc PINS. The price target seems to have been set at $30.00 for Pinterest. Pinterest earned $0.21 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Pinterest shows a 52-week-high of $30.86 and a 52-week-low of $20.39. Moreover, at the end of the last trading period, the closing price was at $27.52.

With a Neutral rating, Wedbush initiated coverage on TripAdvisor Inc TRIP. The price target seems to have been set at $17.00 for TripAdvisor. For the second quarter, TripAdvisor had an EPS of $0.34, compared to year-ago quarter EPS of $0.37. The current stock performance of TripAdvisor shows a 52-week-high of $27.30 and a 52-week-low of $14.38. Moreover, at the end of the last trading period, the closing price was at $15.47.

Wedbush initiated coverage on Alphabet Inc GOOGL with an Outperform rating. The price target for Alphabet is set to $160.00. For the second quarter, Alphabet had an EPS of $1.44, compared to year-ago quarter EPS of $1.21. The current stock performance of Alphabet shows a 52-week-high of $133.74 and a 52-week-low of $83.34. Moreover, at the end of the last trading period, the closing price was at $128.37.

See all analyst ratings initiations.