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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For July 1, 2022

Upgrades

For First Republic Bank (NYSE:FRC), Atlantic Equities upgraded the previous rating of Neutral to Overweight. In the first quarter, First Republic Bank showed an EPS of $2.00, compared to $1.79 from the year-ago quarter. The current stock performance of First Republic Bank shows a 52-week-high of $222.86 and a 52-week-low of $133.37. Moreover, at the end of the last trading period, the closing price was at $144.20.

RBC Capital upgraded the previous rating for Sitio Royalties Corp (NYSE:STR) from Sector Perform to Outperform. Sitio Royalties earned $0.12 in the first quarter, compared to $0.12 in the year-ago quarter. The current stock performance of Sitio Royalties shows a 52-week-high of $30.90 and a 52-week-low of $22.05. Moreover, at the end of the last trading period, the closing price was at $23.18.

According to Credit Suisse, the prior rating for Coupang Inc (NYSE:CPNG) was changed from Neutral to Outperform. For the first quarter, Coupang had an EPS of $0.12, compared to year-ago quarter EPS of $0.68. At the moment, the stock has a 52-week-high of $46.00 and a 52-week-low of $8.98. Coupang closed at $12.75 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For HBT Financial Inc (NASDAQ:HBT), JP Morgan downgraded the previous rating of Neutral to Underweight. For the first quarter, HBT Finl had an EPS of $0.42, compared to year-ago quarter EPS of $0.51. At the moment, the stock has a 52-week-high of $19.99 and a 52-week-low of $14.19. HBT Finl closed at $17.87 at the end of the last trading period.

B of A Securities downgraded the previous rating for ZIM Integrated Shipping Services Ltd (NYSE:ZIM) from Buy to Underperform. In the first quarter, ZIM Integrated Shipping showed an EPS of $14.19, compared to $5.13 from the year-ago quarter. The stock has a 52-week-high of $91.23 and a 52-week-low of $33.71. At the end of the last trading period, ZIM Integrated Shipping closed at $47.23.

According to B of A Securities, the prior rating for Micron Technology Inc (NASDAQ:MU) was changed from Buy to Neutral. Micron Technology earned $2.59 in the third quarter, compared to $1.88 in the year-ago quarter. The stock has a 52-week-high of $98.45 and a 52-week-low of $53.60. At the end of the last trading period, Micron Technology closed at $55.28.

According to JMP Securities, the prior rating for Duck Creek Technologies Inc (NASDAQ:DCT) was changed from Market Outperform to Market Perform. In the third quarter, Duck Creek Technologies showed an EPS of $0.01, compared to $0.03 from the year-ago quarter. The current stock performance of Duck Creek Technologies shows a 52-week-high of $50.90 and a 52-week-low of $13.44. Moreover, at the end of the last trading period, the closing price was at $14.85.

For Huntington Bancshares Inc (NASDAQ:HBAN), JP Morgan downgraded the previous rating of Overweight to Neutral. For the first quarter, Huntington Bancshares had an EPS of $0.32, compared to year-ago quarter EPS of $0.48. The current stock performance of Huntington Bancshares shows a 52-week-high of $17.79 and a 52-week-low of $11.72. Moreover, at the end of the last trading period, the closing price was at $12.03.

For Live Oak Bancshares Inc (NASDAQ:LOB), JP Morgan downgraded the previous rating of Overweight to Neutral. For the first quarter, Live Oak Bancshares had an EPS of $0.76, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $99.89 and a 52-week-low of $32.05. At the end of the last trading period, Live Oak Bancshares closed at $33.89.

Nomura Instinet downgraded the previous rating for XPeng Inc (NYSE:XPEV) from Buy to Neutral. XPeng earned $0.28 in the first quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $56.45 and a 52-week-low of $18.01. XPeng closed at $31.74 at the end of the last trading period.

For FedEx Corp (NYSE:FDX), Berenberg downgraded the previous rating of Buy to Hold. FedEx earned $6.87 in the fourth quarter, compared to $5.01 in the year-ago quarter. The current stock performance of FedEx shows a 52-week-high of $302.65 and a 52-week-low of $192.82. Moreover, at the end of the last trading period, the closing price was at $226.71.

B of A Securities downgraded the previous rating for Duck Creek Technologies Inc (NASDAQ:DCT) from Buy to Neutral. Duck Creek Technologies earned $0.01 in the third quarter, compared to $0.03 in the year-ago quarter. The current stock performance of Duck Creek Technologies shows a 52-week-high of $50.90 and a 52-week-low of $13.44. Moreover, at the end of the last trading period, the closing price was at $14.85.

For Talaris Therapeutics Inc (NASDAQ:TALS), SVB Leerink downgraded the previous rating of Outperform to Market Perform. In the first quarter, Talaris Therapeutics showed an EPS of $0.45, compared to $1.30 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.48 and a 52-week-low of $4.35. Talaris Therapeutics closed at $4.51 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Citigroup initiated coverage on Sonoco Products Co (NYSE:SON). The price target seems to have been set at $66.00 for Sonoco Products. Sonoco Products earned $1.85 in the first quarter, compared to $0.90 in the year-ago quarter. The stock has a 52-week-high of $67.82 and a 52-week-low of $51.52. At the end of the last trading period, Sonoco Products closed at $57.04.

With a Buy rating, Citigroup initiated coverage on Symbotic Inc (NASDAQ:SYM). The price target seems to have been set at $15.00 for Symbotic. At the moment, the stock has a 52-week-high of $28.48 and a 52-week-low of $9.12. Symbotic closed at $10.97 at the end of the last trading period.

Cantor Fitzgerald initiated coverage on SoundHound AI Inc (NASDAQ:SOUN) with a Neutral rating. The price target for SoundHound AI is set to $3.00. For the first quarter, SoundHound AI had an EPS of $2.00, compared to year-ago quarter EPS of $1.62. At the moment, the stock has a 52-week-high of $18.14 and a 52-week-low of $2.55. SoundHound AI closed at $2.68 at the end of the last trading period.

Benchmark initiated coverage on Belite Bio Inc (NASDAQ:BLTE) with a Buy rating. The price target for Belite Bio is set to $57.00. At the moment, the stock has a 52-week-high of $35.20 and a 52-week-low of $8.80. Belite Bio closed at $31.14 at the end of the last trading period.

With a Neutral rating, Daiwa Capital initiated coverage on Paramount Global (NASDAQ:PARA). The price target seems to have been set at $26.00 for Paramount Global. Paramount Global earned $0.60 in the first quarter, compared to $1.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.21 and a 52-week-low of $23.69. Paramount Global closed at $24.68 at the end of the last trading period.

Daiwa Capital initiated coverage on Comcast Corp (NASDAQ:CMCSA) with an Outperform rating. The price target for Comcast is set to $43.00. In the first quarter, Comcast showed an EPS of $0.86, compared to $0.76 from the year-ago quarter. The stock has a 52-week-high of $61.80 and a 52-week-low of $37.56. At the end of the last trading period, Comcast closed at $39.24.

Deutsche Bank initiated coverage on Alvotech (NASDAQ:ALVO) with a Hold rating. The price target for Alvotech is set to $10.00. The stock has a 52-week-high of $14.04 and a 52-week-low of $7.94. At the end of the last trading period, Alvotech closed at $8.21.

Wolfe Research initiated coverage on Cousins Properties Inc (NYSE:CUZ) with a Peer Perform rating. Cousins Props earned $0.67 in the first quarter, compared to $0.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.41 and a 52-week-low of $28.67. Cousins Props closed at $29.23 at the end of the last trading period.

Piper Sandler initiated coverage on OptimizeRx Corp (NASDAQ:OPRX) with a Neutral rating. The price target for OptimizeRx is set to $29.00. For the first quarter, OptimizeRx had an EPS of $0.01, compared to year-ago quarter EPS of $0.03. The current stock performance of OptimizeRx shows a 52-week-high of $99.18 and a 52-week-low of $21.33. Moreover, at the end of the last trading period, the closing price was at $27.39.

Piper Sandler initiated coverage on Certara Inc (NASDAQ:CERT) with an Overweight rating. The price target for Certara is set to $28.00. Certara earned $0.11 in the first quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $45.48 and a 52-week-low of $16.18. At the end of the last trading period, Certara closed at $21.46.

With an Overweight rating, Piper Sandler initiated coverage on VectivBio Holding AG (NASDAQ:VECT). The price target seems to have been set at $23.00 for VectivBio Holding. NoneThe current stock performance of VectivBio Holding shows a 52-week-high of $12.48 and a 52-week-low of $2.74. Moreover, at the end of the last trading period, the closing price was at $5.40.

With a Neutral rating, DA Davidson initiated coverage on Harley-Davidson Inc (NYSE:HOG). The price target seems to have been set at $35.00 for Harley-Davidson. For the first quarter, Harley-Davidson had an EPS of $1.45, compared to year-ago quarter EPS of $1.68. At the moment, the stock has a 52-week-high of $47.51 and a 52-week-low of $29.80. Harley-Davidson closed at $31.66 at the end of the last trading period.

See all analyst ratings initiations.

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