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Benzinga
Benzinga
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Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For July 11, 2022

Upgrades

For Visteon Corp (NASDAQ:VC), Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. For the first quarter, Visteon had an EPS of $1.09, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $134.57 and a 52-week-low of $88.82. At the end of the last trading period, Visteon closed at $108.51.

For Lear Corp (NYSE:LEA), Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. In the first quarter, Lear showed an EPS of $1.80, compared to $3.73 from the year-ago quarter. At the moment, the stock has a 52-week-high of $195.43 and a 52-week-low of $118.38. Lear closed at $128.20 at the end of the last trading period.

According to BMO Capital, the prior rating for Fate Therapeutics Inc (NASDAQ:FATE) was changed from Market Perform to Outperform. For the first quarter, Fate Therapeutics had an EPS of $0.68, compared to year-ago quarter EPS of $0.48. The stock has a 52-week-high of $97.43 and a 52-week-low of $17.10. At the end of the last trading period, Fate Therapeutics closed at $30.01.

According to Wells Fargo, the prior rating for Southwestern Energy Co (NYSE:SWN) was changed from Underweight to Equal-Weight. Southwestern Energy earned $0.40 in the first quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $9.87 and a 52-week-low of $3.81. At the end of the last trading period, Southwestern Energy closed at $6.09.

Wells Fargo upgraded the previous rating for Range Resources Corp (NYSE:RRC) from Equal-Weight to Overweight. In the first quarter, Range Resources showed an EPS of $1.18, compared to $0.30 from the year-ago quarter. The current stock performance of Range Resources shows a 52-week-high of $37.44 and a 52-week-low of $12.37. Moreover, at the end of the last trading period, the closing price was at $25.62.

For Taylor Morrison Home Corp (NYSE:TMHC), Credit Suisse upgraded the previous rating of Neutral to Outperform. In the first quarter, Taylor Morrison Home showed an EPS of $1.44, compared to $0.75 from the year-ago quarter. The current stock performance of Taylor Morrison Home shows a 52-week-high of $35.51 and a 52-week-low of $20.05. Moreover, at the end of the last trading period, the closing price was at $25.36.

According to Barclays, the prior rating for Element Solutions Inc (NYSE:ESI) was changed from Equal-Weight to Overweight. In the first quarter, Element Solutions showed an EPS of $0.38, compared to $0.37 from the year-ago quarter. The current stock performance of Element Solutions shows a 52-week-high of $26.92 and a 52-week-low of $16.25. Moreover, at the end of the last trading period, the closing price was at $17.33.

B of A Securities upgraded the previous rating for Flowserve Corp (NYSE:FLS) from Underperform to Neutral. Flowserve earned $0.07 in the first quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $43.63 and a 52-week-low of $27.14. At the end of the last trading period, Flowserve closed at $28.93.

For Bank of America Corp (NYSE:BAC), Societe Generale upgraded the previous rating of Hold to Buy. In the first quarter, Bank of America showed an EPS of $0.80, compared to $0.86 from the year-ago quarter. The stock has a 52-week-high of $50.11 and a 52-week-low of $30.45. At the end of the last trading period, Bank of America closed at $31.79.

According to B of A Securities, the prior rating for APi Group Corp (NYSE:APG) was changed from Neutral to Buy. APi Gr earned $0.23 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $26.84 and a 52-week-low of $14.13. APi Gr closed at $15.10 at the end of the last trading period.

For Honeywell International Inc (NASDAQ:HON), B of A Securities upgraded the previous rating of Neutral to Buy. Honeywell Intl earned $1.91 in the first quarter, compared to $1.92 in the year-ago quarter. At the moment, the stock has a 52-week-high of $236.86 and a 52-week-low of $168.96. Honeywell Intl closed at $173.34 at the end of the last trading period.

Goldman Sachs upgraded the previous rating for Mattel Inc (NASDAQ:MAT) from Neutral to Buy. For the first quarter, Mattel had an EPS of $0.08, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $26.99 and a 52-week-low of $17.95. Mattel closed at $22.76 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For CytomX Therapeutics Inc (NASDAQ:CTMX), Cowen & Co. downgraded the previous rating of Outperform to Market Perform. In the first quarter, CytomX Therapeutics showed an EPS of $0.37, compared to $0.26 from the year-ago quarter. The current stock performance of CytomX Therapeutics shows a 52-week-high of $7.53 and a 52-week-low of $1.19. Moreover, at the end of the last trading period, the closing price was at $1.30.

B. Riley Securities downgraded the previous rating for First Foundation Inc (NASDAQ:FFWM) from Buy to Neutral. First Foundation earned $0.55 in the first quarter, compared to $0.50 in the year-ago quarter. The current stock performance of First Foundation shows a 52-week-high of $29.41 and a 52-week-low of $19.76. Moreover, at the end of the last trading period, the closing price was at $20.05.

According to Raymond James, the prior rating for Suncor Energy Inc (NYSE:SU) was changed from Outperform to Market Perform. In the first quarter, Suncor Energy showed an EPS of $1.52, compared to $0.39 from the year-ago quarter. The stock has a 52-week-high of $42.72 and a 52-week-low of $17.10. At the end of the last trading period, Suncor Energy closed at $32.74.

For KB Home (NYSE:KBH), Credit Suisse downgraded the previous rating of Outperform to Neutral. KB Home earned $2.32 in the second quarter, compared to $1.50 in the year-ago quarter. The current stock performance of KB Home shows a 52-week-high of $50.20 and a 52-week-low of $24.78. Moreover, at the end of the last trading period, the closing price was at $30.62.

For PLAYSTUDIOS Inc (NASDAQ:MYPS), Craig-Hallum downgraded the previous rating of Buy to Hold. In the first quarter, PLAYSTUDIOS showed an EPS of $0.20, compared to $0.05 from the year-ago quarter. The current stock performance of PLAYSTUDIOS shows a 52-week-high of $7.43 and a 52-week-low of $3.60. Moreover, at the end of the last trading period, the closing price was at $4.49.

For Macrogenics Inc (NASDAQ:MGNX), BMO Capital downgraded the previous rating of Outperform to Market Perform. Macrogenics earned $1.08 in the first quarter, compared to $0.90 in the year-ago quarter. The stock has a 52-week-high of $28.19 and a 52-week-low of $2.13. At the end of the last trading period, Macrogenics closed at $3.50.

Wells Fargo downgraded the previous rating for Civitas Resources Inc (NYSE:CIVI) from Overweight to Equal-Weight. For the first quarter, Civitas Resources had an EPS of $2.51, compared to year-ago quarter EPS of $0.88. The stock has a 52-week-high of $84.76 and a 52-week-low of $31.74. At the end of the last trading period, Civitas Resources closed at $50.62.

For Centennial Resource Development Inc (NASDAQ:CDEV), Wells Fargo downgraded the previous rating of Equal-Weight to Underweight. In the first quarter, Centennial Resource Dev showed an EPS of $0.05, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $9.70 and a 52-week-low of $3.90. At the end of the last trading period, Centennial Resource Dev closed at $5.88.

B of A Securities downgraded the previous rating for Stryker Corp (NYSE:SYK) from Buy to Neutral. In the first quarter, Stryker showed an EPS of $1.97, compared to $1.93 from the year-ago quarter. The stock has a 52-week-high of $281.16 and a 52-week-low of $193.34. At the end of the last trading period, Stryker closed at $200.88.

B of A Securities downgraded the previous rating for ITT Inc (NYSE:ITT) from Buy to Neutral. ITT earned $0.97 in the first quarter, compared to $1.06 in the year-ago quarter. The stock has a 52-week-high of $105.54 and a 52-week-low of $64.08. At the end of the last trading period, ITT closed at $67.81.

For AMETEK Inc (NYSE:AME), B of A Securities downgraded the previous rating of Buy to Neutral. In the first quarter, AMETEK showed an EPS of $1.33, compared to $1.07 from the year-ago quarter. The current stock performance of AMETEK shows a 52-week-high of $148.07 and a 52-week-low of $106.17. Moreover, at the end of the last trading period, the closing price was at $112.35.

For Becton, Dickinson and Co (NYSE:BDX), Citigroup downgraded the previous rating of Neutral to Sell. In the second quarter, Becton, Dickinson showed an EPS of $3.18, compared to $3.19 from the year-ago quarter. The stock has a 52-week-high of $280.62 and a 52-week-low of $231.46. At the end of the last trading period, Becton, Dickinson closed at $245.66.

Baird downgraded the previous rating for Dutch Bros Inc (NYSE:BROS) from Outperform to Neutral. At the moment, the stock has a 52-week-high of $81.40 and a 52-week-low of $20.05. Dutch Bros closed at $36.58 at the end of the last trading period.

For Silk Road Medical Inc (NASDAQ:SILK), Citigroup downgraded the previous rating of Neutral to Sell. Silk Road Medical earned $0.48 in the first quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $67.49 and a 52-week-low of $27.21. At the end of the last trading period, Silk Road Medical closed at $42.19.

For Pulmonx Corp (NASDAQ:LUNG), Citigroup downgraded the previous rating of Buy to Neutral. In the first quarter, Pulmonx showed an EPS of $0.43, compared to $0.34 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.49 and a 52-week-low of $13.79. Pulmonx closed at $17.30 at the end of the last trading period.

For Insulet Corp (NASDAQ:PODD), Citigroup downgraded the previous rating of Buy to Neutral. In the first quarter, Insulet showed an EPS of $0.40, compared to $0.00 from the year-ago quarter. The current stock performance of Insulet shows a 52-week-high of $324.81 and a 52-week-low of $181.00. Moreover, at the end of the last trading period, the closing price was at $235.51.

UBS downgraded the previous rating for T. Rowe Price Group Inc (NASDAQ:TROW) from Neutral to Sell. In the first quarter, T. Rowe Price Gr showed an EPS of $2.62, compared to $3.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $224.56 and a 52-week-low of $104.72. T. Rowe Price Gr closed at $115.96 at the end of the last trading period.

For 1Life Healthcare Inc (NASDAQ:ONEM), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. For the first quarter, 1Life Healthcare had an EPS of $0.47, compared to year-ago quarter EPS of $0.29. The current stock performance of 1Life Healthcare shows a 52-week-high of $31.63 and a 52-week-low of $5.94. Moreover, at the end of the last trading period, the closing price was at $11.55.

According to Wells Fargo, the prior rating for CNX Resources Corp (NYSE:CNX) was changed from Overweight to Equal-Weight. For the first quarter, CNX Resources had an EPS of $0.79, compared to year-ago quarter EPS of $0.36. The current stock performance of CNX Resources shows a 52-week-high of $24.21 and a 52-week-low of $10.41. Moreover, at the end of the last trading period, the closing price was at $16.19.

According to Jefferies, the prior rating for Pinnacle Financial Partners Inc (NASDAQ:PNFP) was changed from Hold to Underperform. In the first quarter, Pinnacle Finl Partners showed an EPS of $1.65, compared to $1.61 from the year-ago quarter. The current stock performance of Pinnacle Finl Partners shows a 52-week-high of $111.31 and a 52-week-low of $67.90. Moreover, at the end of the last trading period, the closing price was at $74.26.

For Meta Platforms Inc (NASDAQ:META), Needham downgraded the previous rating of Hold to Underperform. Meta Platforms earned $2.72 in the first quarter, compared to $3.30 in the year-ago quarter. The stock has a 52-week-high of $199.45 and a 52-week-low of $11.73. At the end of the last trading period, Meta Platforms closed at $170.88.

For Lululemon Athletica Inc (NASDAQ:LULU), Jefferies downgraded the previous rating of Hold to Underperform. In the first quarter, Lululemon Athletica showed an EPS of $1.48, compared to $1.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $485.82 and a 52-week-low of $251.51. Lululemon Athletica closed at $293.39 at the end of the last trading period.

According to Jefferies, the prior rating for Under Armour Inc (NYSE:UAA) was changed from Buy to Hold. In the first quarter, Under Armour showed an EPS of $0.01, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $27.28 and a 52-week-low of $8.13. At the end of the last trading period, Under Armour closed at $8.97.

For AmerisourceBergen Corp (NYSE:ABC), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. AmerisourceBergen earned $3.22 in the second quarter, compared to $2.53 in the year-ago quarter. The stock has a 52-week-high of $167.19 and a 52-week-low of $111.34. At the end of the last trading period, AmerisourceBergen closed at $142.55.

According to Barclays, the prior rating for O-I Glass Inc (NYSE:OI) was changed from Equal-Weight to Underweight. For the first quarter, O-I Glass had an EPS of $0.56, compared to year-ago quarter EPS of $0.35. The stock has a 52-week-high of $17.94 and a 52-week-low of $10.64. At the end of the last trading period, O-I Glass closed at $13.49.

For New Relic Inc (NYSE:NEWR), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. For the fourth quarter, New Relic had an EPS of $0.24, compared to year-ago quarter EPS of $0.27. The stock has a 52-week-high of $129.70 and a 52-week-low of $41.66. At the end of the last trading period, New Relic closed at $56.33.

For Qorvo Inc (NASDAQ:QRVO), Cowen & Co. downgraded the previous rating of Outperform to Market Perform. Qorvo earned $3.12 in the fourth quarter, compared to $2.74 in the year-ago quarter. The current stock performance of Qorvo shows a 52-week-high of $201.46 and a 52-week-low of $90.16. Moreover, at the end of the last trading period, the closing price was at $99.41.

Morgan Stanley downgraded the previous rating for Fastly Inc (NYSE:FSLY) from Equal-Weight to Underweight. In the first quarter, Fastly showed an EPS of $0.15, compared to $0.12 from the year-ago quarter. The current stock performance of Fastly shows a 52-week-high of $58.62 and a 52-week-low of $9.50. Moreover, at the end of the last trading period, the closing price was at $13.50.

For DigitalOcean Holdings Inc (NYSE:DOCN), Morgan Stanley downgraded the previous rating of Equal-Weight to Underweight. DigitalOcean Holdings earned $0.07 in the first quarter, compared to $0.00 in the year-ago quarter. The current stock performance of DigitalOcean Holdings shows a 52-week-high of $133.40 and a 52-week-low of $30.05. Moreover, at the end of the last trading period, the closing price was at $46.30.

For Moelis & Co (NYSE:MC), Wolfe Research downgraded the previous rating of Peer Perform to Underperform. Moelis & Co earned $0.95 in the first quarter, compared to $1.02 in the year-ago quarter. The current stock performance of Moelis & Co shows a 52-week-high of $77.49 and a 52-week-low of $37.16. Moreover, at the end of the last trading period, the closing price was at $40.19.

For Piper Sandler Cos (NYSE:PIPR), Wolfe Research downgraded the previous rating of Outperform to Peer Perform. In the first quarter, Piper Sandler showed an EPS of $3.12, compared to $4.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $193.60 and a 52-week-low of $108.66. Piper Sandler closed at $111.86 at the end of the last trading period.

According to BMO Capital, the prior rating for Kura Sushi USA Inc (NASDAQ:KRUS) was changed from Outperform to Market Perform. For the third quarter, Kura Sushi USA had an EPS of $0.05, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $85.62 and a 52-week-low of $30.95. At the end of the last trading period, Kura Sushi USA closed at $72.29.

According to HC Wainwright & Co., the prior rating for CytomX Therapeutics Inc (NASDAQ:CTMX) was changed from Buy to Neutral. CytomX Therapeutics earned $0.37 in the first quarter, compared to $0.26 in the year-ago quarter. The stock has a 52-week-high of $7.53 and a 52-week-low of $1.19. At the end of the last trading period, CytomX Therapeutics closed at $1.30.

For Occidental Petroleum Corp (NYSE:OXY), Goldman Sachs downgraded the previous rating of Buy to Neutral. In the first quarter, Occidental Petroleum showed an EPS of $2.12, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $74.04 and a 52-week-low of $21.62. Occidental Petroleum closed at $60.67 at the end of the last trading period.

For ManpowerGroup Inc (NYSE:MAN), JP Morgan downgraded the previous rating of Overweight to Neutral. For the first quarter, ManpowerGroup had an EPS of $1.88, compared to year-ago quarter EPS of $1.11. At the moment, the stock has a 52-week-high of $123.84 and a 52-week-low of $73.90. ManpowerGroup closed at $78.61 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Upstart Holdings Inc (NASDAQ:UPST) was changed from Neutral to Sell. Upstart Hldgs earned $0.61 in the first quarter, compared to $0.22 in the year-ago quarter. The stock has a 52-week-high of $401.49 and a 52-week-low of $25.43. At the end of the last trading period, Upstart Hldgs closed at $27.09.

According to Credit Suisse, the prior rating for Banco Latinoamericano de Comercio Exterior SA (NYSE:BLX) was changed from Outperform to Neutral. In the first quarter, Banco Latinoamericano showed an EPS of $0.31, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $19.32 and a 52-week-low of $12.58. At the end of the last trading period, Banco Latinoamericano closed at $13.46.

Keybanc downgraded the previous rating for Duolingo Inc (NASDAQ:DUOL) from Overweight to Sector Weight. In the first quarter, Duolingo showed an EPS of $0.31, compared to $1.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $205.00 and a 52-week-low of $60.50. Duolingo closed at $110.09 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

EF Hutton initiated coverage on Hudson Technologies Inc (NASDAQ:HDSN) with a Buy rating. The price target for Hudson Technologies is set to $11.00. For the first quarter, Hudson Technologies had an EPS of $0.63, compared to year-ago quarter EPS of $0.02. The current stock performance of Hudson Technologies shows a 52-week-high of $10.76 and a 52-week-low of $2.70. Moreover, at the end of the last trading period, the closing price was at $7.57.

Cantor Fitzgerald initiated coverage on Blucora Inc (NASDAQ:BCOR) with an Overweight rating. The price target for Blucora is set to $22.00. For the first quarter, Blucora had an EPS of $1.06, compared to year-ago quarter EPS of $1.04. The stock has a 52-week-high of $21.40 and a 52-week-low of $14.51. At the end of the last trading period, Blucora closed at $18.32.

B of A Securities initiated coverage on System1 Inc (NYSE:SST) with a Buy rating. The price target for System1 is set to $12.00. At the moment, the stock has a 52-week-high of $37.10 and a 52-week-low of $6.57. System1 closed at $7.78 at the end of the last trading period.

With a Buy rating, Loop Capital initiated coverage on Boyd Gaming Corp (NYSE:BYD). The price target seems to have been set at $86.00 for Boyd Gaming. In the first quarter, Boyd Gaming showed an EPS of $1.40, compared to $0.93 from the year-ago quarter. The stock has a 52-week-high of $72.72 and a 52-week-low of $47.66. At the end of the last trading period, Boyd Gaming closed at $49.62.

Loop Capital initiated coverage on Red Rock Resorts Inc (NASDAQ:RRR) with a Hold rating. The price target for Red Rock Resorts is set to $36.00. In the first quarter, Red Rock Resorts showed an EPS of $0.77, compared to $1.48 from the year-ago quarter. The current stock performance of Red Rock Resorts shows a 52-week-high of $58.74 and a 52-week-low of $31.58. Moreover, at the end of the last trading period, the closing price was at $32.91.

With an Overweight rating, Wells Fargo initiated coverage on Kontoor Brands Inc (NYSE:KTB). The price target seems to have been set at $40.00 for Kontoor Brands. Kontoor Brands earned $1.43 in the first quarter, compared to $1.43 in the year-ago quarter. At the moment, the stock has a 52-week-high of $61.24 and a 52-week-low of $30.98. Kontoor Brands closed at $33.51 at the end of the last trading period.

Wells Fargo initiated coverage on G-III Apparel Group Ltd (NASDAQ:GIII) with a Equal-Weight rating. The price target for G-III Apparel Group is set to $20.00. In the first quarter, G-III Apparel Group showed an EPS of $0.72, compared to $0.53 from the year-ago quarter. The current stock performance of G-III Apparel Group shows a 52-week-high of $35.12 and a 52-week-low of $19.38. Moreover, at the end of the last trading period, the closing price was at $20.79.

With a Neutral rating, Goldman Sachs initiated coverage on Affirm Holdings Inc (NASDAQ:AFRM). The price target seems to have been set at $22.00 for Affirm Holdings. Affirm Holdings earned $0.19 in the third quarter, compared to $1.06 in the year-ago quarter. The stock has a 52-week-high of $176.65 and a 52-week-low of $13.64. At the end of the last trading period, Affirm Holdings closed at $23.34.

See all analyst ratings initiations.

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