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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022

Upgrades

Bradesco Corretora upgraded the previous rating for Arcos Dorados Holdings Inc (NYSE:ARCO) from Neutral to Outperform. For the first quarter, Arcos Dorados Holdings had an EPS of $0.12, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $8.44 and a 52-week-low of $4.33. At the end of the last trading period, Arcos Dorados Holdings closed at $6.59.

According to Argus Research, the prior rating for Skechers USA Inc (NYSE:SKX) was changed from Hold to Buy. For the first quarter, Skechers USA had an EPS of $0.77, compared to year-ago quarter EPS of $0.63. At the moment, the stock has a 52-week-high of $55.87 and a 52-week-low of $33.50. Skechers USA closed at $37.03 at the end of the last trading period.

For Globe Life Inc (NYSE:GL), Evercore ISI Group upgraded the previous rating of In-Line to Outperform. Globe Life earned $1.70 in the first quarter, compared to $1.53 in the year-ago quarter. The current stock performance of Globe Life shows a 52-week-high of $108.61 and a 52-week-low of $85.25. Moreover, at the end of the last trading period, the closing price was at $89.45.

For Cullen/Frost Bankers Inc (NYSE:CFR), JP Morgan upgraded the previous rating of Underweight to Overweight. Cullen/Frost Bankers earned $1.50 in the first quarter, compared to $1.77 in the year-ago quarter. The stock has a 52-week-high of $147.39 and a 52-week-low of $100.35. At the end of the last trading period, Cullen/Frost Bankers closed at $115.73.

According to Canaccord Genuity, the prior rating for Snowflake Inc (NYSE:SNOW) was changed from Hold to Buy. Snowflake earned $0.08 in the first quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $405.00 and a 52-week-low of $110.27. At the end of the last trading period, Snowflake closed at $113.87.

According to Benchmark, the prior rating for Southwestern Energy Co (NYSE:SWN) was changed from Hold to Buy. Southwestern Energy earned $0.40 in the first quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.87 and a 52-week-low of $3.81. Southwestern Energy closed at $7.71 at the end of the last trading period.

For Digital Realty Trust Inc (NYSE:DLR), Deutsche Bank upgraded the previous rating of Hold to Buy. In the first quarter, Digital Realty Trust showed an EPS of $1.67, compared to $1.67 from the year-ago quarter. The current stock performance of Digital Realty Trust shows a 52-week-high of $178.22 and a 52-week-low of $124.11. Moreover, at the end of the last trading period, the closing price was at $124.57.

According to Loop Capital, the prior rating for Armstrong World Industries Inc (NYSE:AWI) was changed from Hold to Buy. In the first quarter, Armstrong World Indus showed an EPS of $1.02, compared to $0.84 from the year-ago quarter. At the moment, the stock has a 52-week-high of $118.14 and a 52-week-low of $77.95. Armstrong World Indus closed at $78.42 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Liberty Formula One Group (NASDAQ:FWONK) was changed from Equal-Weight to Overweight. For the first quarter, Liberty Formula One Group had an EPS of $0.15, compared to year-ago quarter EPS of $0.20. The stock has a 52-week-high of $71.17 and a 52-week-low of $44.12. At the end of the last trading period, Liberty Formula One Group closed at $58.12.

Wells Fargo upgraded the previous rating for Spotify Technology SA (NYSE:SPOT) from Underweight to Equal-Weight. Spotify Technology earned $0.24 in the first quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $305.60 and a 52-week-low of $89.03. Spotify Technology closed at $98.05 at the end of the last trading period.

Jefferies upgraded the previous rating for Tapestry Inc (NYSE:TPR) from Hold to Buy. For the third quarter, Tapestry had an EPS of $0.51, compared to year-ago quarter EPS of $0.51. The current stock performance of Tapestry shows a 52-week-high of $47.05 and a 52-week-low of $26.39. Moreover, at the end of the last trading period, the closing price was at $31.60.

See all analyst ratings upgrades.

Downgrades

Alliance Global Partners downgraded the previous rating for HEXO Corp (NASDAQ:HEXO) from Buy to Neutral. In the third quarter, HEXO showed an EPS of $0.34, compared to $0.17 from the year-ago quarter. The stock has a 52-week-high of $6.24 and a 52-week-low of $0.22. At the end of the last trading period, HEXO closed at $0.22.

For Oak Street Health Inc (NYSE:OSH), B of A Securities downgraded the previous rating of Buy to Underperform. In the first quarter, Oak Street Health showed an EPS of $0.43, compared to $0.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $65.22 and a 52-week-low of $13.29. Oak Street Health closed at $15.75 at the end of the last trading period.

According to B. Riley Securities, the prior rating for Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) was changed from Buy to Neutral. Alpha & Omega earned $1.34 in the third quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $69.99 and a 52-week-low of $23.66. Alpha & Omega closed at $36.27 at the end of the last trading period.

For Camtek Ltd (NASDAQ:CAMT), B. Riley Securities downgraded the previous rating of Buy to Neutral. Camtek earned $0.44 in the first quarter, compared to $0.33 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.60 and a 52-week-low of $24.58. Camtek closed at $25.13 at the end of the last trading period.

B. Riley Securities downgraded the previous rating for Indie Semiconductor Inc (NASDAQ:INDI) from Buy to Neutral. The current stock performance of Indie Semiconductor shows a 52-week-high of $16.33 and a 52-week-low of $5.07. Moreover, at the end of the last trading period, the closing price was at $6.44.

B. Riley Securities downgraded the previous rating for Lam Research Corp (NASDAQ:LRCX) from Buy to Neutral. Lam Research earned $7.40 in the third quarter, compared to $7.49 in the year-ago quarter. The current stock performance of Lam Research shows a 52-week-high of $731.85 and a 52-week-low of $442.53. Moreover, at the end of the last trading period, the closing price was at $449.77.

According to B. Riley Securities, the prior rating for Marvell Technology Inc (NASDAQ:MRVL) was changed from Buy to Neutral. For the first quarter, Marvell Tech had an EPS of $0.52, compared to year-ago quarter EPS of $0.29. The current stock performance of Marvell Tech shows a 52-week-high of $93.85 and a 52-week-low of $47.62. Moreover, at the end of the last trading period, the closing price was at $48.52.

For Semtech Corp (NASDAQ:SMTC), B. Riley Securities downgraded the previous rating of Buy to Neutral. For the first quarter, Semtech had an EPS of $0.80, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $94.92 and a 52-week-low of $55.62. Semtech closed at $57.15 at the end of the last trading period.

For Transphorm Inc (NASDAQ:TGAN), B. Riley Securities downgraded the previous rating of Buy to Neutral. The current stock performance of Transphorm shows a 52-week-high of $9.14 and a 52-week-low of $3.26. Moreover, at the end of the last trading period, the closing price was at $5.26.

According to B. Riley Securities, the prior rating for Ichor Holdings Ltd (NASDAQ:ICHR) was changed from Buy to Neutral. Ichor Hldgs earned $0.70 in the first quarter, compared to $0.76 in the year-ago quarter. The current stock performance of Ichor Hldgs shows a 52-week-high of $56.63 and a 52-week-low of $23.10. Moreover, at the end of the last trading period, the closing price was at $26.52.

B of A Securities downgraded the previous rating for Community Health Systems Inc (NYSE:CYH) from Buy to Neutral. Community Health Systems earned $0.14 in the first quarter, compared to $0.36 in the year-ago quarter. At the moment, the stock has a 52-week-high of $16.66 and a 52-week-low of $4.54. Community Health Systems closed at $4.79 at the end of the last trading period.

For Surgery Partners Inc (NASDAQ:SGRY), B of A Securities downgraded the previous rating of Buy to Neutral. For the first quarter, Surgery Partners had an EPS of $0.09, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $69.58 and a 52-week-low of $28.80. At the end of the last trading period, Surgery Partners closed at $30.82.

According to B of A Securities, the prior rating for Cano Health Inc (NYSE:CANO) was changed from Buy to Neutral. At the moment, the stock has a 52-week-high of $15.58 and a 52-week-low of $3.81. Cano Health closed at $4.82 at the end of the last trading period.

B of A Securities downgraded the previous rating for Oscar Health Inc (NYSE:OSCR) from Neutral to Underperform. In the first quarter, Oscar Health showed an EPS of $0.36, compared to $0.98 from the year-ago quarter. The stock has a 52-week-high of $25.64 and a 52-week-low of $4.08. At the end of the last trading period, Oscar Health closed at $4.19.

For Comtech Telecommunications Corp (NASDAQ:CMTL), Jefferies downgraded the previous rating of Buy to Hold. For the third quarter, Comtech Telecom had an EPS of $0.06, compared to year-ago quarter EPS of $0.26. The current stock performance of Comtech Telecom shows a 52-week-high of $27.70 and a 52-week-low of $8.93. Moreover, at the end of the last trading period, the closing price was at $9.12.

Atlantic Equities downgraded the previous rating for Robinhood Markets Inc (NASDAQ:HOOD) from Neutral to Underweight. For the first quarter, Robinhood Markets had an EPS of $0.45, compared to year-ago quarter EPS of $6.26. At the moment, the stock has a 52-week-high of $85.00 and a 52-week-low of $7.02. Robinhood Markets closed at $7.23 at the end of the last trading period.

Wells Fargo downgraded the previous rating for Continental Resources Inc (NYSE:CLR) from Overweight to Equal-Weight. In the first quarter, Continental Resources showed an EPS of $2.65, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $75.49 and a 52-week-low of $31.40. At the end of the last trading period, Continental Resources closed at $74.22.

According to Morgan Stanley, the prior rating for Sonos Inc (NASDAQ:SONO) was changed from Overweight to Equal-Weight. For the second quarter, Sonos had an EPS of $0.26, compared to year-ago quarter EPS of $0.31. The current stock performance of Sonos shows a 52-week-high of $42.57 and a 52-week-low of $18.92. Moreover, at the end of the last trading period, the closing price was at $19.60.

According to Stifel, the prior rating for Continental Resources Inc (NYSE:CLR) was changed from Buy to Hold. In the first quarter, Continental Resources showed an EPS of $2.65, compared to $0.77 from the year-ago quarter. The stock has a 52-week-high of $75.49 and a 52-week-low of $31.40. At the end of the last trading period, Continental Resources closed at $74.22.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Chardan Capital initiated coverage on Oncorus Inc (NASDAQ:ONCR). The price target seems to have been set at $5.00 for Oncorus. In the first quarter, Oncorus showed an EPS of $0.69, compared to $0.53 from the year-ago quarter. The stock has a 52-week-high of $17.46 and a 52-week-low of $0.98. At the end of the last trading period, Oncorus closed at $1.62.

Lake Street initiated coverage on PubMatic Inc (NASDAQ:PUBM) with a Buy rating. The price target for PubMatic is set to $26.00. In the first quarter, PubMatic showed an EPS of $0.14, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.19 and a 52-week-low of $17.05. PubMatic closed at $17.62 at the end of the last trading period.

Cantor Fitzgerald initiated coverage on Rezolute Inc (NASDAQ:RZLT) with an Overweight rating. The price target for Rezolute is set to $9.00. For the third quarter, Rezolute had an EPS of $0.65, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $17.39 and a 52-week-low of $2.26. Rezolute closed at $3.03 at the end of the last trading period.

With a Neutral rating, Janney Montgomery Scott initiated coverage on The Bank of Princeton (NASDAQ:BPRN). The price target seems to have been set at $31.00 for Bank of Princeton. Bank of Princeton earned $0.91 in the first quarter, compared to $0.70 in the year-ago quarter. The current stock performance of Bank of Princeton shows a 52-week-high of $32.05 and a 52-week-low of $27.65. Moreover, at the end of the last trading period, the closing price was at $28.06.

Craig-Hallum initiated coverage on 22nd Century Group Inc (NASDAQ:XXII) with a Buy rating. The price target for 22nd Century Group is set to $5.00. For the first quarter, 22nd Century Group had an EPS of $0.05, compared to year-ago quarter EPS of $0.03. The current stock performance of 22nd Century Group shows a 52-week-high of $4.98 and a 52-week-low of $1.42. Moreover, at the end of the last trading period, the closing price was at $1.70.

B of A Securities initiated coverage on Terran Orbital Corp (NYSE:LLAP) with a Buy rating. The price target for Terran Orbital is set to $9.00. For the first quarter, Terran Orbital had an EPS of $0.85, compared to year-ago quarter EPS of $1.08. The current stock performance of Terran Orbital shows a 52-week-high of $12.69 and a 52-week-low of $3.63. Moreover, at the end of the last trading period, the closing price was at $4.14.

With a Buy rating, EF Hutton initiated coverage on Whitestone REIT (NYSE:WSR). The price target seems to have been set at $13.00 for Whitestone REIT. For the first quarter, Whitestone REIT had an EPS of $0.26, compared to year-ago quarter EPS of $0.23. The current stock performance of Whitestone REIT shows a 52-week-high of $13.66 and a 52-week-low of $7.56. Moreover, at the end of the last trading period, the closing price was at $10.65.

With a Buy rating, HC Wainwright & Co. initiated coverage on Tenaya Therapeutics Inc (NASDAQ:TNYA). The price target seems to have been set at $25.00 for Tenaya Therapeutics. In the first quarter, Tenaya Therapeutics showed an EPS of $0.75, compared to $11.93 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.00 and a 52-week-low of $4.74. Tenaya Therapeutics closed at $5.38 at the end of the last trading period.

With a Buy rating, Goldman Sachs initiated coverage on Wheels Up Experience Inc (NYSE:UP). The price target seems to have been set at $5.00 for Wheels Up Experience. At the moment, the stock has a 52-week-high of $15.00 and a 52-week-low of $1.82. Wheels Up Experience closed at $1.92 at the end of the last trading period.

Morgan Stanley initiated coverage on Jack Henry & Associates Inc (NASDAQ:JKHY) with a Equal-Weight rating. The price target for Jack Henry & Associates is set to $190.00. In the third quarter, Jack Henry & Associates showed an EPS of $1.16, compared to $0.95 from the year-ago quarter. The stock has a 52-week-high of $205.37 and a 52-week-low of $147.50. At the end of the last trading period, Jack Henry & Associates closed at $177.11.

DA Davidson initiated coverage on Couchbase Inc (NASDAQ:BASE) with a Buy rating. The price target for Couchbase is set to $21.00. Couchbase earned $0.32 in the first quarter, compared to $2.26 in the year-ago quarter. The current stock performance of Couchbase shows a 52-week-high of $52.26 and a 52-week-low of $11.68. Moreover, at the end of the last trading period, the closing price was at $14.70.

See all analyst ratings initiations.

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