Benzinga's Top Ratings Upgrades, Downgrades For August 23, 2023

Upgrades

For Beazer Homes USA Inc BZH, Sidoti & Co. upgraded the previous rating of Neutral to Buy. Beazer Homes USA earned $1.42 in the third quarter, compared to $1.76 in the year-ago quarter. The stock has a 52-week-high of $35.93 and a 52-week-low of $9.48. At the end of the last trading period, Beazer Homes USA closed at $28.23.

Morgan Stanley upgraded the previous rating for Brown-Forman Corp BF from Underweight to Overweight.

For Suncor Energy Inc SU, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Suncor Energy had an EPS of $0.71, compared to year-ago quarter EPS of $2.12. The current stock performance of Suncor Energy shows a 52-week-high of $37.22 and a 52-week-low of $26.44. Moreover, at the end of the last trading period, the closing price was at $32.55.

UBS upgraded the previous rating for Vtex VTEX from Neutral to Buy. In the second quarter, Vtex showed an EPS of $0.04, compared to $0.11 from the year-ago quarter. The current stock performance of Vtex shows a 52-week-high of $5.89 and a 52-week-low of $3.13. Moreover, at the end of the last trading period, the closing price was at $5.75.

Craig-Hallum upgraded the previous rating for Citi Trends Inc CTRN from Hold to Buy. In the second quarter, Citi Trends showed an EPS of $0.60, compared to $0.31 from the year-ago quarter. The stock has a 52-week-high of $34.94 and a 52-week-low of $14.21. At the end of the last trading period, Citi Trends closed at $23.16.

For Super Micro Computer Inc SMCI, Wedbush upgraded the previous rating of Underperform to Neutral. For the fourth quarter, Super Micro Computer had an EPS of $3.51, compared to year-ago quarter EPS of $2.62. At the moment, the stock has a 52-week-high of $357.00 and a 52-week-low of $50.36. Super Micro Computer closed at $258.09 at the end of the last trading period.

B of A Securities upgraded the previous rating for Petroleo Brasileiro SA Petrobras PBR from Neutral to Buy. In the second quarter, Petrobras Brasileiro showed an EPS of $0.90, compared to $1.68 from the year-ago quarter. The stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. At the end of the last trading period, Petrobras Brasileiro closed at $13.52.

According to Northcoast Research, the prior rating for ScanSource Inc SCSC was changed from Neutral to Buy. In the fourth quarter, ScanSource showed an EPS of $0.76, compared to $0.91 from the year-ago quarter. At the moment, the stock has a 52-week-high of $35.50 and a 52-week-low of $25.75. ScanSource closed at $27.89 at the end of the last trading period.

DA Davidson upgraded the previous rating for Louisiana-Pacific Corp LPX from Neutral to Buy. For the second quarter, Louisiana-Pacific had an EPS of $0.55, compared to year-ago quarter EPS of $4.57. The current stock performance of Louisiana-Pacific shows a 52-week-high of $79.56 and a 52-week-low of $48.20. Moreover, at the end of the last trading period, the closing price was at $59.55.

For Fulcrum Therapeutics Inc FULC, HC Wainwright & Co. upgraded the previous rating of Neutral to Buy. In the second quarter, Fulcrum Therapeutics showed an EPS of $0.38, compared to $0.83 from the year-ago quarter. The current stock performance of Fulcrum Therapeutics shows a 52-week-high of $15.00 and a 52-week-low of $2.25. Moreover, at the end of the last trading period, the closing price was at $5.43.

According to Compass Point, the prior rating for TriplePoint Venture Growth BDC Corp TPVG was changed from Sell to Neutral. In the second quarter, TriplePoint Venture Gwth showed an EPS of $0.53, compared to $0.41 from the year-ago quarter. The current stock performance of TriplePoint Venture Gwth shows a 52-week-high of $13.67 and a 52-week-low of $9.41. Moreover, at the end of the last trading period, the closing price was at $10.61.

UBS upgraded the previous rating for Avery Dennison Corp AVY from Neutral to Buy. In the second quarter, Avery Dennison showed an EPS of $1.92, compared to $2.64 from the year-ago quarter. The current stock performance of Avery Dennison shows a 52-week-high of $196.44 and a 52-week-low of $157.66. Moreover, at the end of the last trading period, the closing price was at $176.62.

Edward Jones upgraded the previous rating for Dollar General Corp DG from Hold to Buy. In the first quarter, Dollar Gen showed an EPS of $2.34, compared to $2.41 from the year-ago quarter. At the moment, the stock has a 52-week-high of $261.57 and a 52-week-low of $151.27. Dollar Gen closed at $159.83 at the end of the last trading period.

For Suncor Energy Inc SU, Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Suncor Energy earned $0.71 in the second quarter, compared to $2.12 in the year-ago quarter. The stock has a 52-week-high of $37.22 and a 52-week-low of $26.44. At the end of the last trading period, Suncor Energy closed at $32.55.

See all analyst ratings upgrades.

Downgrades

For Dollar General Corp DG, OTR Global downgraded the previous rating of Positive to Mixed. Dollar Gen earned $2.34 in the first quarter, compared to $2.41 in the year-ago quarter. The stock has a 52-week-high of $261.57 and a 52-week-low of $151.27. At the end of the last trading period, Dollar Gen closed at $159.83.

For Dick's Sporting Goods Inc DKS, Wedbush downgraded the previous rating of Outperform to Neutral. In the second quarter, Dick's Sporting Goods showed an EPS of $2.82, compared to $3.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $152.61 and a 52-week-low of $98.07. Dick's Sporting Goods closed at $111.53 at the end of the last trading period.

According to B of A Securities, the prior rating for Dick's Sporting Goods Inc DKS was changed from Buy to Neutral. In the second quarter, Dick's Sporting Goods showed an EPS of $2.82, compared to $3.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $152.61 and a 52-week-low of $98.07. Dick's Sporting Goods closed at $111.53 at the end of the last trading period.

For Premier Inc PINC, Piper Sandler downgraded the previous rating of Overweight to Neutral. Premier earned $0.68 in the fourth quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $37.52 and a 52-week-low of $23.95. Premier closed at $24.05 at the end of the last trading period.

TD Cowen downgraded the previous rating for PhenomeX Inc CELL from Outperform to Market Perform. PhenomeX earned $0.33 in the second quarter, compared to $0.38 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1.28 and a 52-week-low of $0.38. PhenomeX closed at $0.94 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Pickering Energy Partners initiated coverage on California Resources Corp CRC with an Outperform rating. California Resources earned $0.53 in the second quarter, compared to $1.13 in the year-ago quarter. The stock has a 52-week-high of $56.71 and a 52-week-low of $34.02. At the end of the last trading period, California Resources closed at $55.12.

BMO Capital initiated coverage on Hammerhead Energy Inc HHRS with an Outperform rating. The price target for Hammerhead Energy is set to $22.00. The current stock performance of Hammerhead Energy shows a 52-week-high of $39.30 and a 52-week-low of $6.00. Moreover, at the end of the last trading period, the closing price was at $12.50.

Noble Capital Markets initiated coverage on The ODP Corp ODP with an Outperform rating. The price target for ODP is set to $65.00. For the second quarter, ODP had an EPS of $0.99, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $53.59 and a 52-week-low of $34.55. ODP closed at $48.78 at the end of the last trading period.

With an Underweight rating, Barclays initiated coverage on WEC Energy Group Inc WEC. The price target seems to have been set at $83.00 for WEC Energy Group. For the second quarter, WEC Energy Group had an EPS of $0.92, compared to year-ago quarter EPS of $0.91. The stock has a 52-week-high of $107.94 and a 52-week-low of $80.91. At the end of the last trading period, WEC Energy Group closed at $85.06.

Barclays initiated coverage on Southern Co SO with a Equal-Weight rating. The price target for Southern is set to $68.00. Southern earned $0.79 in the second quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $80.32 and a 52-week-low of $58.85. At the end of the last trading period, Southern closed at $67.73.

Barclays initiated coverage on Public Service Enterprise Group Inc PEG with an Overweight rating. The price target for Public Service Enterprise is set to $64.00. Public Service Enterprise earned $0.70 in the second quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $69.27 and a 52-week-low of $52.53. At the end of the last trading period, Public Service Enterprise closed at $60.06.

Barclays initiated coverage on Portland General Electric Co POR with a Equal-Weight rating. The price target for Portland Gen Electric is set to $43.00. For the second quarter, Portland Gen Electric had an EPS of $0.44, compared to year-ago quarter EPS of $0.72. The current stock performance of Portland Gen Electric shows a 52-week-high of $55.19 and a 52-week-low of $41.68. Moreover, at the end of the last trading period, the closing price was at $44.06.

With an Overweight rating, Barclays initiated coverage on Pinnacle West Capital Corp PNW. The price target seems to have been set at $81.00 for Pinnacle West Capital. In the second quarter, Pinnacle West Capital showed an EPS of $0.94, compared to $1.45 from the year-ago quarter. The stock has a 52-week-high of $86.03 and a 52-week-low of $59.07. At the end of the last trading period, Pinnacle West Capital closed at $78.70.

Barclays initiated coverage on PG&E Corp PCG with an Overweight rating. The price target for PG&E is set to $19.00. PG&E earned $0.23 in the second quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $18.19 and a 52-week-low of $11.61. PG&E closed at $16.78 at the end of the last trading period.

With an Overweight rating, Barclays initiated coverage on OGE Energy Corp OGE. The price target seems to have been set at $36.00 for OGE Energy. For the second quarter, OGE Energy had an EPS of $0.68, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $42.66 and a 52-week-low of $33.28. At the end of the last trading period, OGE Energy closed at $34.13.

Barclays initiated coverage on NorthWestern Corp NWE with an Underweight rating. The price target for NorthWestern is set to $48.00. In the second quarter, NorthWestern showed an EPS of $0.35, compared to $0.54 from the year-ago quarter. The current stock performance of NorthWestern shows a 52-week-high of $61.24 and a 52-week-low of $48.74. Moreover, at the end of the last trading period, the closing price was at $52.34.

With a Equal-Weight rating, Barclays initiated coverage on FirstEnergy Corp FE. The price target seems to have been set at $37.00 for FirstEnergy. FirstEnergy earned $0.47 in the second quarter, compared to $0.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $43.31 and a 52-week-low of $35.58. FirstEnergy closed at $36.06 at the end of the last trading period.

Barclays initiated coverage on Exelon Corp EXC with an Overweight rating. The price target for Exelon is set to $43.00. Exelon earned $0.41 in the second quarter, compared to $0.44 in the year-ago quarter. The stock has a 52-week-high of $46.19 and a 52-week-low of $35.19. At the end of the last trading period, Exelon closed at $40.00.

With a Equal-Weight rating, Barclays initiated coverage on Eversource Energy ES. The price target seems to have been set at $72.00 for Eversource Energy. In the second quarter, Eversource Energy showed an EPS of $1.00, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $93.46 and a 52-week-low of $63.30. At the end of the last trading period, Eversource Energy closed at $63.87.

Barclays initiated coverage on Evergy Inc EVRG with a Equal-Weight rating. The price target for Evergy is set to $56.00. For the second quarter, Evergy had an EPS of $0.81, compared to year-ago quarter EPS of $0.86. The current stock performance of Evergy shows a 52-week-high of $71.33 and a 52-week-low of $54.12. Moreover, at the end of the last trading period, the closing price was at $56.44.

Barclays initiated coverage on Entergy Corp ETR with a Equal-Weight rating. The price target for Entergy is set to $98.00. Entergy earned $1.84 in the second quarter, compared to $1.78 in the year-ago quarter. The stock has a 52-week-high of $122.10 and a 52-week-low of $94.01. At the end of the last trading period, Entergy closed at $94.73.

Barclays initiated coverage on Edison International EIX with a Equal-Weight rating. The price target for Edison Intl is set to $68.00. In the second quarter, Edison Intl showed an EPS of $1.01, compared to $0.94 from the year-ago quarter. The stock has a 52-week-high of $74.92 and a 52-week-low of $54.51. At the end of the last trading period, Edison Intl closed at $69.54.

Barclays initiated coverage on Duke Energy Corp DUK with an Overweight rating. The price target for Duke Energy is set to $96.00. For the second quarter, Duke Energy had an EPS of $0.91, compared to year-ago quarter EPS of $1.14. The current stock performance of Duke Energy shows a 52-week-high of $113.28 and a 52-week-low of $83.78. Moreover, at the end of the last trading period, the closing price was at $89.59.

With an Overweight rating, Barclays initiated coverage on DTE Energy Co DTE. The price target seems to have been set at $117.00 for DTE Energy. For the second quarter, DTE Energy had an EPS of $0.99, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $136.55 and a 52-week-low of $100.87. At the end of the last trading period, DTE Energy closed at $104.97.

Barclays initiated coverage on Dominion Energy Inc D with a Equal-Weight rating. The price target for Dominion Energy is set to $52.00. Dominion Energy earned $0.53 in the second quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $85.63 and a 52-week-low of $47.50. Dominion Energy closed at $47.80 at the end of the last trading period.

Barclays initiated coverage on Consolidated Edison Inc ED with a Equal-Weight rating. The price target for Consolidated Edison is set to $88.00. For the second quarter, Consolidated Edison had an EPS of $0.61, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $102.19 and a 52-week-low of $78.21. At the end of the last trading period, Consolidated Edison closed at $89.38.

Barclays initiated coverage on CMS Energy Corp CMS with a Equal-Weight rating. The price target for CMS Energy is set to $58.00. For the second quarter, CMS Energy had an EPS of $0.75, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $70.91 and a 52-week-low of $52.43. CMS Energy closed at $56.64 at the end of the last trading period.

With an Underweight rating, Barclays initiated coverage on CenterPoint Energy Inc CNP. The price target seems to have been set at $28.00 for CenterPoint Energy. In the second quarter, CenterPoint Energy showed an EPS of $0.28, compared to $0.31 from the year-ago quarter. 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 $28.26.

Barclays initiated coverage on Atmos Energy Corp ATO with a Equal-Weight rating. The price target for Atmos Energy is set to $122.00. For the third quarter, Atmos Energy had an EPS of $0.94, compared to year-ago quarter EPS of $0.92. At the moment, the stock has a 52-week-high of $125.28 and a 52-week-low of $97.83. Atmos Energy closed at $117.01 at the end of the last trading period.

Barclays initiated coverage on American Electric Power Co Inc AEP with an Overweight rating. The price target for American Electric Power is set to $88.00. American Electric Power earned $1.13 in the second quarter, compared to $1.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $105.58 and a 52-week-low of $77.80. American Electric Power closed at $78.62 at the end of the last trading period.

Barclays initiated coverage on Ameren Corp AEE with a Equal-Weight rating. The price target for Ameren is set to $80.00. Ameren earned $0.90 in the second quarter, compared to $0.80 in the year-ago quarter. The stock has a 52-week-high of $97.06 and a 52-week-low of $73.41. At the end of the last trading period, Ameren closed at $80.30.

Barclays initiated coverage on The AES Corp AES with an Overweight rating. The price target for AES is set to $25.00. For the second quarter, AES had an EPS of $0.21, compared to year-ago quarter EPS of $0.34. The stock has a 52-week-high of $29.87 and a 52-week-low of $17.75. At the end of the last trading period, AES closed at $17.96.

Goldman Sachs initiated coverage on Safehold Inc SAFE with a Buy rating. The price target for Safehold is set to $25.00. For the second quarter, Safehold had an EPS of $0.35, compared to year-ago quarter EPS of $0.37. The current stock performance of Safehold shows a 52-week-high of $43.35 and a 52-week-low of $19.51. Moreover, at the end of the last trading period, the closing price was at $20.37.

With a Buy rating, DA Davidson initiated coverage on GMS Inc GMS. The price target seems to have been set at $82.00 for GMS. For the fourth quarter, GMS had an EPS of $2.11, compared to year-ago quarter EPS of $2.09. The current stock performance of GMS shows a 52-week-high of $76.14 and a 52-week-low of $38.36. Moreover, at the end of the last trading period, the closing price was at $68.23.

With a Neutral rating, DA Davidson initiated coverage on Marine Products Corp MPX. The price target seems to have been set at $16.00 for Marine Prods. In the second quarter, Marine Prods showed an EPS of $0.42, compared to $0.29 from the year-ago quarter. The stock has a 52-week-high of $17.81 and a 52-week-low of $7.77. At the end of the last trading period, Marine Prods closed at $16.43.

Wedbush initiated coverage on Legacy Housing Corp LEGH with an Outperform rating. The price target for Legacy Housing is set to $30.00. In the second quarter, Legacy Housing showed an EPS of $0.60, compared to $0.69 from the year-ago quarter. The stock has a 52-week-high of $25.30 and a 52-week-low of $15.92. At the end of the last trading period, Legacy Housing closed at $20.39.

See all analyst ratings initiations.