Benzinga's Top Ratings Upgrades, Downgrades For August 12, 2022

Author: Benzinga Insights | August 12, 2022 10:14am

 

Upgrades

• Mizuho upgraded the previous rating for Safehold Inc (NYSE:SAFE) from Neutral to Buy. For the second quarter, Safehold had an EPS of $0.37, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $80.66 and a 52-week-low of $33.61. Safehold closed at $45.26 at the end of the last trading period.
• For Alliant Energy Corp (NASDAQ:LNT), B of A Securities upgraded the previous rating of Neutral to Buy. In the second quarter, Alliant Energy showed an EPS of $0.63, compared to $0.57 from the year-ago quarter. The stock has a 52-week-high of $65.37 and a 52-week-low of $54.20. At the end of the last trading period, Alliant Energy closed at $61.64.
• Morgan Stanley upgraded the previous rating for Ciena Corp (NYSE:CIEN) from Equal-Weight to Overweight. For the second quarter, Ciena had an EPS of $0.50, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $77.38 and a 52-week-low of $41.63. Ciena closed at $52.89 at the end of the last trading period.
• According to Raymond James, the prior rating for ProQR Therapeutics NV (NASDAQ:PRQR) was changed from Market Perform to Outperform. In the second quarter, ProQR Therapeutics showed an EPS of $0.22, compared to $0.29 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.60 and a 52-week-low of $0.53. ProQR Therapeutics closed at $0.81 at the end of the last trading period.
• For Absci Corp (NASDAQ:ABSI), Cowen & Co. upgraded the previous rating of Market Perform to Outperform. Absci earned $0.32 in the second quarter, compared to $2.39 in the year-ago quarter. The current stock performance of Absci shows a 52-week-high of $9.68 and a 52-week-low of $2.93. Moreover, at the end of the last trading period, the closing price was at $4.79.

See all analyst ratings upgrades.

 

Downgrades

• Morgan Stanley downgraded the previous rating for Mister Car Wash Inc (NYSE:MCW) from Overweight to Equal-Weight. In the second quarter, Mister Car Wash showed an EPS of $0.11, compared to $0.14 from the year-ago quarter. At the moment, the stock has a 52-week-high of $19.10 and a 52-week-low of $10.35. Mister Car Wash closed at $12.00 at the end of the last trading period.
• According to Monness, Crespi, Hardt, the prior rating for PagerDuty Inc (NYSE:PD) was changed from Buy to Neutral. In the first quarter, PagerDuty showed an EPS of $0.04, compared to $0.08 from the year-ago quarter. The current stock performance of PagerDuty shows a 52-week-high of $38.75 and a 52-week-low of $21.72. Moreover, at the end of the last trading period, the closing price was at $28.10.
• Sidoti & Co. downgraded the previous rating for Co-Diagnostics Inc (NASDAQ:CODX) from Buy to Neutral. Co-Diagnostics earned $0.08 in the second quarter, compared to $0.33 in the year-ago quarter. The current stock performance of Co-Diagnostics shows a 52-week-high of $10.11 and a 52-week-low of $3.66. Moreover, at the end of the last trading period, the closing price was at $6.46.
• For ResMed Inc (NYSE:RMD), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the fourth quarter, ResMed showed an EPS of $1.49, compared to $1.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $262.38 and a 52-week-low of $189.40. ResMed closed at $240.85 at the end of the last trading period.
• Ladenburg Thalmann downgraded the previous rating for Wrap Technologies Inc (NASDAQ:WRAP) from Buy to Neutral. For the second quarter, Wrap Technologies had an EPS of $0.12, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $4.56 and a 52-week-low of $1.60. Wrap Technologies closed at $2.03 at the end of the last trading period.
• According to Morgan Stanley, the prior rating for Centessa Pharmaceuticals PLC (NASDAQ:CNTA) was changed from Overweight to Underweight. Centessa Pharmaceuticals earned $0.69 in the second quarter, compared to $0.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $11.81 and a 52-week-low of $2.88. Centessa Pharmaceuticals closed at $4.28 at the end of the last trading period.
• For CS Disco Inc (NYSE:LAW), B of A Securities downgraded the previous rating of Buy to Neutral. In the second quarter, CS Disco showed an EPS of $0.23, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.73 and a 52-week-low of $16.96. CS Disco closed at $28.96 at the end of the last trading period.
• RBC Capital downgraded the previous rating for Ryan Specialty Holdings Inc (NYSE:RYAN) from Outperform to Sector Perform. The current stock performance of Ryan Specialty Holdings shows a 52-week-high of $46.33 and a 52-week-low of $33.09. Moreover, at the end of the last trading period, the closing price was at $45.30.
• According to William Blair, the prior rating for Cellebrite DI Ltd (NASDAQ:CLBT) was changed from Outperform to Market Perform. The stock has a 52-week-high of $8.31 and a 52-week-low of $4.10. At the end of the last trading period, Cellebrite DI closed at $5.28.
• For Rockley Photonics Holdings Ltd (NYSE:RKLY), Baird downgraded the previous rating of Outperform to Neutral. Rockley Photonics Hldgs earned $0.82 in the second quarter, compared to $0.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.14 and a 52-week-low of $1.83. Rockley Photonics Hldgs closed at $2.00 at the end of the last trading period.
• For Lennar Corp (NYSE:LEN), Wedbush downgraded the previous rating of Outperform to Neutral. For the second quarter, Lennar had an EPS of $4.69, compared to year-ago quarter EPS of $2.95. The current stock performance of Lennar shows a 52-week-high of $116.36 and a 52-week-low of $62.54. Moreover, at the end of the last trading period, the closing price was at $87.76.
• According to Wolfe Research, the prior rating for Allegiant Travel Co (NASDAQ:ALGT) was changed from Outperform to Peer Perform. In the second quarter, Allegiant Travel showed an EPS of $0.62, compared to $3.46 from the year-ago quarter. The stock has a 52-week-high of $195.66 and a 52-week-low of $102.99. At the end of the last trading period, Allegiant Travel closed at $107.02.
• According to Baird, the prior rating for Applied Industrial Technologies Inc (NYSE:AIT) was changed from Outperform to Neutral. In the fourth quarter, Applied Industrial showed an EPS of $2.24, compared to $1.51 from the year-ago quarter. The stock has a 52-week-high of $121.20 and a 52-week-low of $88.09. At the end of the last trading period, Applied Industrial closed at $118.89.
• JP Morgan downgraded the previous rating for Cognex Corp (NASDAQ:CGNX) from Neutral to Underweight. For the second quarter, Cognex had an EPS of $0.41, compared to year-ago quarter EPS of $0.43. At the moment, the stock has a 52-week-high of $80.30 and a 52-week-low of $41.69. Cognex closed at $48.48 at the end of the last trading period.
• JP Morgan downgraded the previous rating for Plexus Corp (NASDAQ:PLXS) from Neutral to Underweight. In the third quarter, Plexus showed an EPS of $1.33, compared to $0.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $99.11 and a 52-week-low of $72.88. Plexus closed at $95.71 at the end of the last trading period.
• For Diebold Nixdorf Inc (NYSE:DBD), JP Morgan downgraded the previous rating of Neutral to Underweight. In the second quarter, Diebold Nixdorf showed an EPS of $0.38, compared to $0.10 from the year-ago quarter. The current stock performance of Diebold Nixdorf shows a 52-week-high of $11.00 and a 52-week-low of $2.12. Moreover, at the end of the last trading period, the closing price was at $4.46.
• According to Goldman Sachs, the prior rating for Utz Brands Inc (NYSE:UTZ) was changed from Buy to Neutral. For the second quarter, Utz Brands had an EPS of $0.13, compared to year-ago quarter EPS of $0.13. The current stock performance of Utz Brands shows a 52-week-high of $19.98 and a 52-week-low of $12.06. Moreover, at the end of the last trading period, the closing price was at $17.71.
• For CS Disco Inc (NYSE:LAW), Jefferies downgraded the previous rating of Buy to Hold. In the second quarter, CS Disco showed an EPS of $0.23, compared to $0.16 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.73 and a 52-week-low of $16.96. CS Disco closed at $28.96 at the end of the last trading period.
• Morgan Stanley downgraded the previous rating for II-VI Inc (NASDAQ:IIVI) from Overweight to Equal-Weight. II-VI earned $0.95 in the third quarter, compared to $0.91 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.05 and a 52-week-low of $45.78. II-VI closed at $52.54 at the end of the last trading period.
• For ProQR Therapeutics NV (NASDAQ:PRQR), Chardan Capital downgraded the previous rating of Buy to Neutral. ProQR Therapeutics earned $0.22 in the second quarter, compared to $0.29 in the year-ago quarter. The current stock performance of ProQR Therapeutics shows a 52-week-high of $8.60 and a 52-week-low of $0.53. Moreover, at the end of the last trading period, the closing price was at $0.81.
• For Olo Inc (NYSE:OLO), Stifel downgraded the previous rating of Buy to Hold. In the second quarter, Olo showed an EPS of $0.01, compared to $0.03 from the year-ago quarter. The current stock performance of Olo shows a 52-week-high of $21.43 and a 52-week-low of $8.11. Moreover, at the end of the last trading period, the closing price was at $12.99.
• Cowen & Co. downgraded the previous rating for The RealReal Inc (NASDAQ:REAL) from Outperform to Market Perform. The RealReal earned $0.40 in the second quarter, compared to $0.50 in the year-ago quarter. The current stock performance of The RealReal shows a 52-week-high of $12.90 and a 52-week-low of $2.12. Moreover, at the end of the last trading period, the closing price was at $3.16.
• According to Cowen & Co., the prior rating for Sally Beauty Holdings Inc (NYSE:SBH) was changed from Outperform to Market Perform. In the third quarter, Sally Beauty Holdings showed an EPS of $0.55, compared to $0.68 from the year-ago quarter. The stock has a 52-week-high of $19.79 and a 52-week-low of $11.28. At the end of the last trading period, Sally Beauty Holdings closed at $15.21.
• According to Cowen & Co., the prior rating for e.l.f. Beauty Inc (NYSE:ELF) was changed from Outperform to Market Perform. e.l.f. Beauty earned $0.39 in the first quarter, compared to $0.27 in the year-ago quarter. The stock has a 52-week-high of $38.17 and a 52-week-low of $20.49. At the end of the last trading period, e.l.f. Beauty closed at $36.41.
• Cowen & Co. downgraded the previous rating for CS Disco Inc (NYSE:LAW) from Outperform to Market Perform. In the second quarter, CS Disco showed an EPS of $0.23, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $40.73 and a 52-week-low of $16.96. At the end of the last trading period, CS Disco closed at $28.96.
• According to Cantor Fitzgerald, the prior rating for TerrAscend Corp (OTC:TRSSF) was changed from Overweight to Neutral. The stock has a 52-week-high of $6.55 and a 52-week-low of $2.17. At the end of the last trading period, TerrAscend closed at $2.40.
• Piper Sandler downgraded the previous rating for Olo Inc (NYSE:OLO) from Overweight to Neutral. For the second quarter, Olo had an EPS of $0.01, compared to year-ago quarter EPS of $0.03. The current stock performance of Olo shows a 52-week-high of $21.43 and a 52-week-low of $8.11. Moreover, at the end of the last trading period, the closing price was at $12.99.
• Keybanc downgraded the previous rating for Six Flags Entertainment Corp (NYSE:SIX) from Overweight to Sector Weight. Six Flags Entertainment earned $0.68 in the second quarter, compared to $0.81 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.24 and a 52-week-low of $19.80. Six Flags Entertainment closed at $21.12 at the end of the last trading period.

See all analyst ratings downgrades.

 

Initiations

• With a Buy rating, Guggenheim initiated coverage on Oracle Corp (NYSE:ORCL). The price target seems to have been set at $107.00 for Oracle. For the fourth quarter, Oracle had an EPS of $1.54, compared to year-ago quarter EPS of $1.54. The stock has a 52-week-high of $89.58 and a 52-week-low of $63.76. At the end of the last trading period, Oracle closed at $77.16.
• With a Neutral rating, Baird initiated coverage on BlackBerry Ltd (NYSE:BB). The price target seems to have been set at $7.00 for BlackBerry. For the first quarter, BlackBerry had an EPS of $0.05, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $9.49 and a 52-week-low of $4.70. BlackBerry closed at $6.74 at the end of the last trading period.
• With a Neutral rating, Guggenheim initiated coverage on ServiceNow Inc (NYSE:NOW). The price target seems to have been set at $510.00 for ServiceNow. In the second quarter, ServiceNow showed an EPS of $1.62, compared to $1.42 from the year-ago quarter. The current stock performance of ServiceNow shows a 52-week-high of $651.41 and a 52-week-low of $406.47. Moreover, at the end of the last trading period, the closing price was at $499.45.
• Guggenheim initiated coverage on Progress Software Corp (NASDAQ:PRGS) with a Buy rating. The price target for Progress Software is set to $60.00. In the second quarter, Progress Software showed an EPS of $1.04, compared to $0.82 from the year-ago quarter. The stock has a 52-week-high of $51.77 and a 52-week-low of $41.68. At the end of the last trading period, Progress Software closed at $47.86.
• With a Buy rating, Guggenheim initiated coverage on Palo Alto Networks Inc (NASDAQ:PANW). The price target seems to have been set at $625.00 for Palo Alto Networks. The stock has a 52-week-high of $640.90 and a 52-week-low of $421.55. At the end of the last trading period, Palo Alto Networks closed at $516.51.
• With a Neutral rating, Guggenheim initiated coverage on Microsoft Corp (NASDAQ:MSFT). The price target seems to have been set at $292.00 for Microsoft. Microsoft earned $2.23 in the fourth quarter, compared to $2.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $338.00 and a 52-week-low of $241.51. Microsoft closed at $287.02 at the end of the last trading period.
• With a Sell rating, Guggenheim initiated coverage on Okta Inc (NASDAQ:OKTA). The price target seems to have been set at $89.00 for Okta. Okta earned $0.27 in the first quarter, compared to $0.10 in the year-ago quarter. At the moment, the stock has a 52-week-high of $226.49 and a 52-week-low of $77.01. Okta closed at $102.49 at the end of the last trading period.
• With a Buy rating, Guggenheim initiated coverage on Zscaler Inc (NASDAQ:ZS). The price target seems to have been set at $233.00 for Zscaler. For the third quarter, Zscaler had an EPS of $0.17, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $323.55 and a 52-week-low of $125.12. Zscaler closed at $178.71 at the end of the last trading period.
• With a Buy rating, Guggenheim initiated coverage on Splunk Inc (NASDAQ:SPLK). The price target seems to have been set at $160.00 for Splunk. Splunk earned $0.32 in the first quarter, compared to $0.91 in the year-ago quarter. The current stock performance of Splunk shows a 52-week-high of $150.79 and a 52-week-low of $84.63. Moreover, at the end of the last trading period, the closing price was at $111.38.
• Guggenheim initiated coverage on Snowflake Inc (NYSE:SNOW) with a Sell rating. The price target for Snowflake is set to $125.00. Snowflake earned $0.08 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $344.00 and a 52-week-low of $110.27. Snowflake closed at $167.88 at the end of the last trading period.
• With a Buy rating, Guggenheim initiated coverage on CrowdStrike Holdings Inc (NASDAQ:CRWD). The price target seems to have been set at $270.00 for CrowdStrike Holdings. In the first quarter, CrowdStrike Holdings showed an EPS of $0.31, compared to $0.10 from the year-ago quarter. The current stock performance of CrowdStrike Holdings shows a 52-week-high of $242.00 and a 52-week-low of $130.00. Moreover, at the end of the last trading period, the closing price was at $198.06.
• With a Sell rating, Guggenheim initiated coverage on Salesforce Inc (NYSE:CRM). The price target seems to have been set at $150.00 for Salesforce. Salesforce earned $0.98 in the first quarter, compared to $1.21 in the year-ago quarter. The stock has a 52-week-high of $256.87 and a 52-week-low of $154.55. At the end of the last trading period, Salesforce closed at $186.73.
• With a Buy rating, DA Davidson initiated coverage on Teladoc Health Inc (NYSE:TDOC). The price target seems to have been set at $45.00 for Teladoc Health. In the second quarter, Teladoc Health showed an EPS of $0.44, compared to $0.86 from the year-ago quarter. The current stock performance of Teladoc Health shows a 52-week-high of $95.71 and a 52-week-low of $27.38. Moreover, at the end of the last trading period, the closing price was at $37.99.
• With an Overweight rating, Piper Sandler initiated coverage on Lexicon Pharmaceuticals Inc (NASDAQ:LXRX). The price target seems to have been set at $10.00 for Lexicon Pharmaceuticals. Lexicon Pharmaceuticals earned $0.16 in the second quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $3.99 and a 52-week-low of $1.31. At the end of the last trading period, Lexicon Pharmaceuticals closed at $2.76.
• With a Buy rating, DA Davidson initiated coverage on Accolade Inc (NASDAQ:ACCD). The price target seems to have been set at $16.00 for Accolade. Accolade earned $0.62 in the first quarter, compared to $0.84 in the year-ago quarter. The current stock performance of Accolade shows a 52-week-high of $27.74 and a 52-week-low of $4.61. Moreover, at the end of the last trading period, the closing price was at $11.73.
• With a Neutral rating, DA Davidson initiated coverage on GoodRx Holdings Inc (NASDAQ:GDRX). The price target seems to have been set at $8.00 for GoodRx Holdings. In the second quarter, GoodRx Holdings showed an EPS of $0.06, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.15 and a 52-week-low of $5.62. GoodRx Holdings closed at $7.60 at the end of the last trading period.
• Wolfe Research initiated coverage on Bunge Ltd (NYSE:BG) with an Outperform rating. The price target for Bunge is set to $127.00. For the second quarter, Bunge had an EPS of $2.97, compared to year-ago quarter EPS of $2.61. The stock has a 52-week-high of $128.40 and a 52-week-low of $83.78. At the end of the last trading period, Bunge closed at $98.59.
• Wolfe Research initiated coverage on Archer-Daniels Midland Co (NYSE:ADM) with an Outperform rating. The price target for Archer-Daniels Midland is set to $117.00. For the second quarter, Archer-Daniels Midland had an EPS of $2.15, compared to year-ago quarter EPS of $1.33. At the moment, the stock has a 52-week-high of $98.88 and a 52-week-low of $65.64. Archer-Daniels Midland closed at $84.14 at the end of the last trading period.

See all analyst ratings initiations.

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