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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For June 7, 2022

Upgrades

According to Jefferies, the prior rating for Arch Resources Inc (NYSE:ARCH) was changed from Hold to Buy. In the first quarter, Arch Resources showed an EPS of $13.08, compared to $0.40 from the year-ago quarter. The current stock performance of Arch Resources shows a 52-week-high of $183.53 and a 52-week-low of $49.55. Moreover, at the end of the last trading period, the closing price was at $159.85.

According to Jefferies, the prior rating for BHP Group Ltd (NYSE:BHP) was changed from Hold to Buy. NoneAt the moment, the stock has a 52-week-high of $80.50 and a 52-week-low of $51.88. BHP Group closed at $66.78 at the end of the last trading period.

Evercore ISI Group upgraded the previous rating for Exxon Mobil Corp (NYSE:XOM) from In-Line to Outperform. For the first quarter, Exxon Mobil had an EPS of $2.07, compared to year-ago quarter EPS of $0.65. The stock has a 52-week-high of $99.78 and a 52-week-low of $52.10. At the end of the last trading period, Exxon Mobil closed at $98.84.

According to Deutsche Bank, the prior rating for McKesson Corp (NYSE:MCK) was changed from Hold to Buy. In the fourth quarter, McKesson showed an EPS of $5.83, compared to $5.05 from the year-ago quarter. The current stock performance of McKesson shows a 52-week-high of $339.94 and a 52-week-low of $184.43. Moreover, at the end of the last trading period, the closing price was at $317.66.

According to Deutsche Bank, the prior rating for AmerisourceBergen Corp (NYSE:ABC) was changed from Hold to Buy. For the second quarter, AmerisourceBergen had an EPS of $3.22, compared to year-ago quarter EPS of $2.53. At the moment, the stock has a 52-week-high of $167.19 and a 52-week-low of $111.34. AmerisourceBergen closed at $146.89 at the end of the last trading period.

JMP Securities upgraded the previous rating for Mirati Therapeutics Inc (NASDAQ:MRTX) from Market Perform to Market Outperform. For the first quarter, Mirati Therapeutics had an EPS of $3.40, compared to year-ago quarter EPS of $2.67. The stock has a 52-week-high of $195.99 and a 52-week-low of $32.96. At the end of the last trading period, Mirati Therapeutics closed at $43.16.

According to Raymond James, the prior rating for Plexus Corp (NASDAQ:PLXS) was changed from Market Perform to Outperform. For the second quarter, Plexus had an EPS of $0.95, compared to year-ago quarter EPS of $1.49. The current stock performance of Plexus shows a 52-week-high of $99.12 and a 52-week-low of $72.88. Moreover, at the end of the last trading period, the closing price was at $84.76.

For XP Inc (NASDAQ:XP), UBS upgraded the previous rating of Neutral to Buy. In the first quarter, XP showed an EPS of $0.28, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $53.08 and a 52-week-low of $17.89. At the end of the last trading period, XP closed at $22.83.

For Lear Corp (NYSE:LEA), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Lear earned $1.80 in the first quarter, compared to $3.73 in the year-ago quarter. At the moment, the stock has a 52-week-high of $204.91 and a 52-week-low of $122.67. Lear closed at $140.81 at the end of the last trading period.

For Tyler Technologies Inc (NYSE:TYL), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Tyler Technologies earned $1.90 in the first quarter, compared to $1.43 in the year-ago quarter. The stock has a 52-week-high of $557.55 and a 52-week-low of $327.97. At the end of the last trading period, Tyler Technologies closed at $356.42.

For Liberty Global PLC (NASDAQ:LBTYA), Berenberg upgraded the previous rating of Hold to Buy. In the first quarter, Liberty Global showed an EPS of $1.88, compared to $2.37 from the year-ago quarter. The current stock performance of Liberty Global shows a 52-week-high of $30.58 and a 52-week-low of $21.41. Moreover, at the end of the last trading period, the closing price was at $24.07.

For Peabody Energy Corp (NYSE:BTU), Jefferies upgraded the previous rating of Hold to Buy. In the first quarter, Peabody Energy showed an EPS of $0.87, compared to $0.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.29 and a 52-week-low of $6.78. Peabody Energy closed at $26.07 at the end of the last trading period.

Jefferies upgraded the previous rating for Ramaco Resources Inc (NASDAQ:METC) from Hold to Buy. In the first quarter, Ramaco Resources showed an EPS of $0.92, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $21.73 and a 52-week-low of $5.27. At the end of the last trading period, Ramaco Resources closed at $15.01.

Jefferies upgraded the previous rating for Vale SA (NYSE:VALE) from Hold to Buy. For the first quarter, Vale had an EPS of $0.93, compared to year-ago quarter EPS of $1.09. The current stock performance of Vale shows a 52-week-high of $23.18 and a 52-week-low of $11.16. Moreover, at the end of the last trading period, the closing price was at $18.54.

Jefferies upgraded the previous rating for Warrior Met Coal Inc (NYSE:HCC) from Hold to Buy. For the first quarter, Warrior Met Coal had an EPS of $2.97, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $42.95 and a 52-week-low of $15.81. At the end of the last trading period, Warrior Met Coal closed at $36.63.

JP Morgan upgraded the previous rating for Novo Nordisk A/S (NYSE:NVO) from Neutral to Overweight. For the first quarter, Novo Nordisk had an EPS of $0.94, compared to year-ago quarter EPS of $0.88. At the moment, the stock has a 52-week-high of $122.16 and a 52-week-low of $79.84. Novo Nordisk closed at $112.15 at the end of the last trading period.

For Rio Tinto PLC (NYSE:RIO), Jefferies upgraded the previous rating of Hold to Buy. The current stock performance of Rio Tinto shows a 52-week-high of $89.85 and a 52-week-low of $59.58. Moreover, at the end of the last trading period, the closing price was at $75.91.

See all analyst ratings upgrades.

Downgrades

For NRG Energy Inc (NYSE:NRG), B of A Securities downgraded the previous rating of Neutral to Underperform. In the first quarter, NRG Energy showed an EPS of $7.17, compared to $0.33 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.82 and a 52-week-low of $33.63. NRG Energy closed at $46.23 at the end of the last trading period.

For GrafTech International Ltd (NYSE:EAF), Citigroup downgraded the previous rating of Buy to Neutral. GrafTech International earned $0.48 in the first quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $13.38 and a 52-week-low of $7.81. GrafTech International closed at $9.06 at the end of the last trading period.

HC Wainwright & Co. downgraded the previous rating for TherapeuticsMD Inc (NASDAQ:TXMD) from Buy to Neutral. TherapeuticsMD earned $4.72 in the first quarter, compared to $5.55 in the year-ago quarter. The stock has a 52-week-high of $9.99 and a 52-week-low of $0.15. At the end of the last trading period, TherapeuticsMD closed at $9.97.

According to Barclays, the prior rating for Booz Allen Hamilton Holding Corp (NYSE:BAH) was changed from Overweight to Equal-Weight. Booz Allen Hamilton earned $0.86 in the fourth quarter, compared to $0.89 in the year-ago quarter. The current stock performance of Booz Allen Hamilton shows a 52-week-high of $91.46 and a 52-week-low of $69.68. Moreover, at the end of the last trading period, the closing price was at $88.03.

For Leidos Holdings Inc (NYSE:LDOS), Barclays downgraded the previous rating of Overweight to Equal-Weight. For the first quarter, Leidos Holdings had an EPS of $1.58, compared to year-ago quarter EPS of $1.73. At the moment, the stock has a 52-week-high of $111.12 and a 52-week-low of $81.07. Leidos Holdings closed at $105.92 at the end of the last trading period.

For Occidental Petroleum Corp (NYSE:OXY), Evercore ISI Group downgraded the previous rating of Outperform to In-Line. Occidental Petroleum earned $2.12 in the first quarter, compared to $0.15 in the year-ago quarter. The stock has a 52-week-high of $74.04 and a 52-week-low of $21.62. At the end of the last trading period, Occidental Petroleum closed at $69.61.

Evercore ISI Group downgraded the previous rating for Devon Energy Corp (NYSE:DVN) from Outperform to In-Line. Devon Energy earned $1.88 in the first quarter, compared to $0.45 in the year-ago quarter. The current stock performance of Devon Energy shows a 52-week-high of $79.19 and a 52-week-low of $24.05. Moreover, at the end of the last trading period, the closing price was at $77.05.

B of A Securities downgraded the previous rating for Praxis Precision Medicines Inc (NASDAQ:PRAX) from Buy to Neutral. For the first quarter, Praxis Precision Medicine had an EPS of $1.51, compared to year-ago quarter EPS of $0.71. At the moment, the stock has a 52-week-high of $23.56 and a 52-week-low of $1.82. Praxis Precision Medicine closed at $1.88 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on Science 37 Holdings Inc (NASDAQ:SNCE). The price target seems to have been set at $10.00 for Science 37 Hldgs. For the first quarter, Science 37 Hldgs had an EPS of $0.18, compared to year-ago quarter EPS of $1.28. The current stock performance of Science 37 Hldgs shows a 52-week-high of $15.10 and a 52-week-low of $2.75. Moreover, at the end of the last trading period, the closing price was at $4.18.

William Blair initiated coverage on Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) with an Outperform rating. In the first quarter, Alnylam Pharmaceuticals showed an EPS of $1.49, compared to $1.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $212.00 and a 52-week-low of $117.58. Alnylam Pharmaceuticals closed at $131.63 at the end of the last trading period.

With a Speculative Buy rating, Canaccord Genuity initiated coverage on ContextLogic Inc (NASDAQ:WISH). The price target seems to have been set at $1.75 for ContextLogic. For the first quarter, ContextLogic had an EPS of $0.06, compared to year-ago quarter EPS of $0.21. The current stock performance of ContextLogic shows a 52-week-high of $15.18 and a 52-week-low of $1.20. Moreover, at the end of the last trading period, the closing price was at $1.99.

For RLI Corp (NYSE:RLI), Raymond James initiated coverage, by setting the current rating at Market Perform. In the first quarter, RLI showed an EPS of $1.43, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $121.93 and a 52-week-low of $96.22. At the end of the last trading period, RLI closed at $119.43.

Seaport Global initiated coverage on ProFrac Holding Corp (NASDAQ:PFHC) with a Buy rating. The price target for ProFrac Holding is set to $26.00. The stock has a 52-week-high of $20.45 and a 52-week-low of $16.75. At the end of the last trading period, ProFrac Holding closed at $20.21.

HC Wainwright & Co. initiated coverage on TransCode Therapeutics Inc (NASDAQ:RNAZ) with a Buy rating. The price target for TransCode Therapeutics is set to $10.00. The stock has a 52-week-high of $7.00 and a 52-week-low of $1.52. At the end of the last trading period, TransCode Therapeutics closed at $1.76.

With a Buy rating, Stifel initiated coverage on ProFrac Holding Corp (NASDAQ:PFHC). The price target seems to have been set at $24.00 for ProFrac Holding. The stock has a 52-week-high of $20.45 and a 52-week-low of $16.75. At the end of the last trading period, ProFrac Holding closed at $20.21.

Morgan Stanley initiated coverage on ProFrac Holding Corp (NASDAQ:PFHC) with an Overweight rating. The price target for ProFrac Holding is set to $30.00. The current stock performance of ProFrac Holding shows a 52-week-high of $20.45 and a 52-week-low of $16.75. Moreover, at the end of the last trading period, the closing price was at $20.21.

With a Buy rating, UBS initiated coverage on Marqeta Inc (NASDAQ:MQ). The price target seems to have been set at $14.00 for Marqeta. The stock has a 52-week-high of $37.90 and a 52-week-low of $6.05. At the end of the last trading period, Marqeta closed at $11.57.

With an Overweight rating, Piper Sandler initiated coverage on ProFrac Holding Corp (NASDAQ:PFHC). The price target seems to have been set at $31.50 for ProFrac Holding. At the moment, the stock has a 52-week-high of $20.45 and a 52-week-low of $16.75. ProFrac Holding closed at $20.21 at the end of the last trading period.

With an Overweight rating, JP Morgan initiated coverage on ProFrac Holding Corp (NASDAQ:PFHC). The price target seems to have been set at $25.00 for ProFrac Holding. The stock has a 52-week-high of $20.45 and a 52-week-low of $16.75. At the end of the last trading period, ProFrac Holding closed at $20.21.

See all analyst ratings initiations.

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