Benzinga's Top Ratings Upgrades, Downgrades For August 25, 2023

Upgrades

For Hibbett Inc HIBB, Williams Trading upgraded the previous rating of Hold to Buy. Hibbett earned $0.85 in the second quarter, compared to $1.86 in the year-ago quarter. The current stock performance of Hibbett shows a 52-week-high of $75.38 and a 52-week-low of $34.86. Moreover, at the end of the last trading period, the closing price was at $36.86.

According to Loop Capital, the prior rating for Netflix Inc NFLX was changed from Hold to Buy. For the second quarter, Netflix had an EPS of $3.29, compared to year-ago quarter EPS of $3.20. The current stock performance of Netflix shows a 52-week-high of $485.00 and a 52-week-low of $211.81. Moreover, at the end of the last trading period, the closing price was at $406.93.

For Cullen/Frost Bankers Inc CFR, UBS upgraded the previous rating of Sell to Neutral. In the second quarter, Cullen/Frost Bankers showed an EPS of $2.47, compared to $1.81 from the year-ago quarter. The stock has a 52-week-high of $160.31 and a 52-week-low of $92.55. At the end of the last trading period, Cullen/Frost Bankers closed at $95.16.

For Abercrombie & Fitch Co ANF, Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Abercrombie & Fitch showed an EPS of $1.10, compared to $0.30 from the year-ago quarter. The current stock performance of Abercrombie & Fitch shows a 52-week-high of $53.02 and a 52-week-low of $14.06. Moreover, at the end of the last trading period, the closing price was at $50.46.

Cantor Fitzgerald upgraded the previous rating for Ardelyx Inc ARDX from Neutral to Overweight. Ardelyx earned $0.08 in the second quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.12 and a 52-week-low of $0.82. Ardelyx closed at $3.51 at the end of the last trading period.

For Shift4 Payments Inc FOUR, Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, Shift4 Payments showed an EPS of $0.74, compared to $0.33 from the year-ago quarter. The current stock performance of Shift4 Payments shows a 52-week-high of $76.40 and a 52-week-low of $36.37. Moreover, at the end of the last trading period, the closing price was at $54.72.

For Avista Corp AVA, Keybanc upgraded the previous rating of Underweight to Sector Weight. In the second quarter, Avista showed an EPS of $0.23, compared to $0.16 from the year-ago quarter. The current stock performance of Avista shows a 52-week-high of $45.28 and a 52-week-low of $32.27. Moreover, at the end of the last trading period, the closing price was at $32.42.

See all analyst ratings upgrades.

Downgrades

Evercore ISI Group downgraded the previous rating for Fidelity National Information Services Inc FIS from Outperform to Neutral. In the second quarter, Fidelity National Info showed an EPS of $1.55, compared to $1.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $96.65 and a 52-week-low of $48.57. Fidelity National Info closed at $55.26 at the end of the last trading period.

According to Benchmark, the prior rating for Weibo Corp WB was changed from Buy to Hold. In the second quarter, Weibo showed an EPS of $0.53, compared to $0.46 from the year-ago quarter. At the moment, the stock has a 52-week-high of $25.57 and a 52-week-low of $10.02. Weibo closed at $13.70 at the end of the last trading period.

TD Cowen downgraded the previous rating for Domo Inc DOMO from Outperform to Market Perform. For the second quarter, Domo had an EPS of $0.02, compared to year-ago quarter EPS of $0.26. The current stock performance of Domo shows a 52-week-high of $28.94 and a 52-week-low of $11.35. Moreover, at the end of the last trading period, the closing price was at $17.04.

For Clarivate PLC CLVT, RBC Capital downgraded the previous rating of Outperform to Sector Perform. Clarivate earned $0.21 in the second quarter, compared to $0.22 in the year-ago quarter. The current stock performance of Clarivate shows a 52-week-high of $12.55 and a 52-week-low of $6.41. Moreover, at the end of the last trading period, the closing price was at $7.10.

RBC Capital downgraded the previous rating for FactSet Research Systems Inc FDS from Outperform to Sector Perform. FactSet Research Systems earned $3.79 in the third quarter, compared to $3.76 in the year-ago quarter. The current stock performance of FactSet Research Systems shows a 52-week-high of $473.90 and a 52-week-low of $377.89. Moreover, at the end of the last trading period, the closing price was at $440.47.

Piper Sandler downgraded the previous rating for Olaplex Holdings Inc OLPX from Neutral to Underweight. For the second quarter, Olaplex Hldgs had an EPS of $0.03, compared to year-ago quarter EPS of $0.14. At the moment, the stock has a 52-week-high of $15.31 and a 52-week-low of $2.49. Olaplex Hldgs closed at $2.61 at the end of the last trading period.

Raymond James downgraded the previous rating for Holly Energy Partners LP HEP from Outperform to Market Perform. Holly Energy Partners earned $0.40 in the second quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $22.29 and a 52-week-low of $15.51. At the end of the last trading period, Holly Energy Partners closed at $21.53.

According to Raymond James, the prior rating for Crestwood Equity Partners LP CEQP was changed from Outperform to Market Perform. In the second quarter, Crestwood Equity Partners showed an EPS of $1.16, compared to $0.14 from the year-ago quarter. At the moment, the stock has a 52-week-high of $31.43 and a 52-week-low of $22.11. Crestwood Equity Partners closed at $27.87 at the end of the last trading period.

For Digital Realty Trust Inc DLR, Deutsche Bank downgraded the previous rating of Buy to Hold. Digital Realty Trust earned $1.68 in the second quarter, compared to $1.72 in the year-ago quarter. The stock has a 52-week-high of $130.95 and a 52-week-low of $85.76. At the end of the last trading period, Digital Realty Trust closed at $127.46.

Deutsche Bank downgraded the previous rating for Frontline Plc FRO from Buy to Hold. For the second quarter, Frontline had an EPS of $0.94, compared to year-ago quarter EPS of $0.21. The current stock performance of Frontline shows a 52-week-high of $19.29 and a 52-week-low of $10.11. Moreover, at the end of the last trading period, the closing price was at $17.99.

See all analyst ratings downgrades.

Initiations

With a Neutral rating, Citigroup initiated coverage on Trex Co Inc TREX. The price target seems to have been set at $72.00 for Trex Co. In the second quarter, Trex Co showed an EPS of $0.71, compared to $0.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $76.05 and a 52-week-low of $38.73. Trex Co closed at $69.46 at the end of the last trading period.

Northcoast Research initiated coverage on Carpenter Technology Corp CRS with a Buy rating. The price target for Carpenter Tech is set to $73.00. For the fourth quarter, Carpenter Tech had an EPS of $0.78, compared to year-ago quarter EPS of $0.00. The stock has a 52-week-high of $61.02 and a 52-week-low of $31.05. At the end of the last trading period, Carpenter Tech closed at $57.79.

Stephens & Co. initiated coverage on Advanced Drainage Systems Inc WMS with an Overweight rating. The price target for Advanced Drainage Systems is set to $148.00. In the first quarter, Advanced Drainage Systems showed an EPS of $2.04, compared to $2.22 from the year-ago quarter. The stock has a 52-week-high of $145.00 and a 52-week-low of $75.02. At the end of the last trading period, Advanced Drainage Systems closed at $122.18.

With an Outperform rating, Oppenheimer initiated coverage on Zura Bio Ltd ZURA. The price target seems to have been set at $17.00 for Zura Bio. Zura Bio earned $1.31 in the second quarter, compared to $9.54 in the year-ago quarter. The stock has a 52-week-high of $37.55 and a 52-week-low of $4.87. At the end of the last trading period, Zura Bio closed at $6.75.

See all analyst ratings initiations.