Benzinga's Top Ratings Upgrades, Downgrades For August 18, 2023

Author: Benzinga Insights | August 18, 2023 11:00am

Upgrades

For Docebo Inc (NASDAQ:DCBO), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Docebo had an EPS of $0.14, compared to year-ago quarter EPS of $0.06. The current stock performance of Docebo shows a 52-week-high of $41.48 and a 52-week-low of $23.40. Moreover, at the end of the last trading period, the closing price was at $40.66.

For American Woodmark Corp (NASDAQ:AMWD), Zelman & Assoc upgraded the previous rating of Hold to Buy. In the fourth quarter, American Woodmark showed an EPS of $2.21, compared to $1.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $78.22 and a 52-week-low of $41.20. American Woodmark closed at $72.05 at the end of the last trading period.

For Stanley Black & Decker Inc (NYSE:SWK), Zelman & Assoc upgraded the previous rating of Hold to Buy. For the second quarter, Stanley Black & Decker had an EPS of $0.11, compared to year-ago quarter EPS of $1.77. The stock has a 52-week-high of $104.21 and a 52-week-low of $70.27. At the end of the last trading period, Stanley Black & Decker closed at $89.49.

For Itron Inc (NASDAQ:ITRI), Argus Research upgraded the previous rating of Hold to Buy. Itron earned $0.65 in the second quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Itron shows a 52-week-high of $79.99 and a 52-week-low of $39.60. Moreover, at the end of the last trading period, the closing price was at $66.36.

According to Morgan Stanley, the prior rating for PhenomeX Inc (NASDAQ:CELL) was changed from Underweight to Equal-Weight. For the second quarter, PhenomeX had an EPS of $0.33, compared to year-ago quarter EPS of $0.38. The current stock performance of PhenomeX shows a 52-week-high of $1.28 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $0.94.

According to Rosenblatt, the prior rating for Lumentum Holdings Inc (NASDAQ:LITE) was changed from Neutral to Buy. In the fourth quarter, Lumentum Holdings showed an EPS of $0.59, compared to $1.47 from the year-ago quarter. The current stock performance of Lumentum Holdings shows a 52-week-high of $94.22 and a 52-week-low of $42.00. Moreover, at the end of the last trading period, the closing price was at $46.20.

For Portland General Electric Co (NYSE:POR), Guggenheim upgraded the previous rating of Neutral to Buy. For the second quarter, Portland Gen Electric had an EPS of $0.44, compared to year-ago quarter EPS of $0.72. The current stock performance of Portland Gen Electric shows a 52-week-high of $56.26 and a 52-week-low of $41.68. Moreover, at the end of the last trading period, the closing price was at $43.65.

For Strategic Education Inc (NASDAQ:STRA), B of A Securities upgraded the previous rating of Neutral to Buy. In the second quarter, Strategic Education showed an EPS of $0.82, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $98.22 and a 52-week-low of $60.38. At the end of the last trading period, Strategic Education closed at $72.65.

For Super Group (SGHC) Ltd (NYSE:SGHC), Benchmark upgraded the previous rating of Hold to Buy. Super Group (SGHC) earned $0.06 in the second quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Super Group (SGHC) shows a 52-week-high of $4.91 and a 52-week-low of $2.57. Moreover, at the end of the last trading period, the closing price was at $3.41.

For AcelRx Pharmaceuticals Inc (NASDAQ:ACRX), HC Wainwright & Co. upgraded the previous rating of Neutral to Buy. For the second quarter, AcelRx Pharmaceuticals had an EPS of $0.40, compared to year-ago quarter EPS of $1.20. At the moment, the stock has a 52-week-high of $7.17 and a 52-week-low of $0.55. AcelRx Pharmaceuticals closed at $0.84 at the end of the last trading period.

For Franco-Nevada Corp (NYSE:FNV), Stifel upgraded the previous rating of Hold to Buy. Franco-Nevada earned $0.95 in the second quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $161.25 and a 52-week-low of $109.73. Franco-Nevada closed at $135.63 at the end of the last trading period.

B. Riley Securities upgraded the previous rating for Marvell Technology Inc (NASDAQ:MRVL) from Neutral to Buy. In the first quarter, Marvell Tech showed an EPS of $0.31, compared to $0.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.99 and a 52-week-low of $33.75. Marvell Tech closed at $57.56 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Globe Life Inc (NYSE:GL) was changed from Underweight to Equal-Weight. For the second quarter, Globe Life had an EPS of $2.61, compared to year-ago quarter EPS of $2.07. At the moment, the stock has a 52-week-high of $123.85 and a 52-week-low of $96.28. Globe Life closed at $111.95 at the end of the last trading period.

Wells Fargo upgraded the previous rating for Hawaiian Electric Industries Inc (NYSE:HE) from Underweight to Equal-Weight. In the second quarter, Hawaiian Electric Indus showed an EPS of $0.50, compared to $0.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $43.71 and a 52-week-low of $10.05. Hawaiian Electric Indus closed at $12.03 at the end of the last trading period.

According to Williams Trading, the prior rating for Foot Locker Inc (NYSE:FL) was changed from Sell to Hold. In the first quarter, Foot Locker showed an EPS of $0.70, compared to $1.60 from the year-ago quarter. The stock has a 52-week-high of $47.22 and a 52-week-low of $24.44. At the end of the last trading period, Foot Locker closed at $25.12.

See all analyst ratings upgrades.

Downgrades

According to OTR Global, the prior rating for Dollar Tree Inc (NASDAQ:DLTR) was changed from Positive to Mixed. In the first quarter, Dollar Tree showed an EPS of $1.47, compared to $2.37 from the year-ago quarter. The stock has a 52-week-high of $170.36 and a 52-week-low of $128.85. At the end of the last trading period, Dollar Tree closed at $142.18.

According to Truist Securities, the prior rating for Crestwood Equity Partners LP (NYSE:CEQP) was changed from Buy to Hold. Crestwood Equity Partners earned $1.16 in the second quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $31.43 and a 52-week-low of $22.11. At the end of the last trading period, Crestwood Equity Partners closed at $27.35.

According to Zelman & Assoc, the prior rating for Carlisle Companies Inc (NYSE:CSL) was changed from Hold to Sell. Carlisle Companies earned $5.18 in the second quarter, compared to $6.15 in the year-ago quarter. The current stock performance of Carlisle Companies shows a 52-week-high of $317.47 and a 52-week-low of $203.66. Moreover, at the end of the last trading period, the closing price was at $271.58.

Goldman Sachs downgraded the previous rating for Hesai Group (NASDAQ:HSAI) from Buy to Neutral. Hesai Gr earned $0.04 in the second quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $30.36 and a 52-week-low of $7.35. At the end of the last trading period, Hesai Gr closed at $10.89.

According to SVB Leerink, the prior rating for Selecta Biosciences Inc (NASDAQ:SELB) was changed from Outperform to Market Perform. Selecta Biosciences earned $0.07 in the second quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.50 and a 52-week-low of $0.92. Selecta Biosciences closed at $1.12 at the end of the last trading period.

According to Wedbush, the prior rating for Beazer Homes USA Inc (NYSE:BZH) was changed from Outperform to Neutral. Beazer Homes USA earned $1.42 in the third quarter, compared to $1.76 in the year-ago quarter. The stock has a 52-week-high of $35.93 and a 52-week-low of $9.48. At the end of the last trading period, Beazer Homes USA closed at $30.32.

JP Morgan downgraded the previous rating for Farfetch Ltd (NYSE:FTCH) from Overweight to Neutral. Farfetch earned $0.21 in the second quarter, compared to $0.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.88 and a 52-week-low of $3.64. Farfetch closed at $4.76 at the end of the last trading period.

Loop Capital downgraded the previous rating for XPO Inc (NYSE:XPO) from Buy to Hold. For the second quarter, XPO had an EPS of $0.71, compared to year-ago quarter EPS of $1.81. The stock has a 52-week-high of $76.77 and a 52-week-low of $24.76. At the end of the last trading period, XPO closed at $69.53.

Raymond James downgraded the previous rating for Ares Commercial Real Estate Corp (NYSE:ACRE) from Outperform to Market Perform. For the second quarter, Ares Comml Real Est had an EPS of $0.35, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $13.93 and a 52-week-low of $7.52. At the end of the last trading period, Ares Comml Real Est closed at $9.84.

For Keysight Technologies Inc (NYSE:KEYS), Barclays downgraded the previous rating of Overweight to Equal-Weight. For the third quarter, Keysight Techs had an EPS of $2.19, compared to year-ago quarter EPS of $2.01. The stock has a 52-week-high of $189.38 and a 52-week-low of $139.62. At the end of the last trading period, Keysight Techs closed at $150.05.

Citigroup downgraded the previous rating for IPG Photonics Corp (NASDAQ:IPGP) from Buy to Neutral. IPG Photonics earned $1.31 in the second quarter, compared to $1.10 in the year-ago quarter. The current stock performance of IPG Photonics shows a 52-week-high of $141.85 and a 52-week-low of $79.88. Moreover, at the end of the last trading period, the closing price was at $99.00.

For Aflac Inc (NYSE:AFL), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Aflac earned $1.58 in the second quarter, compared to $1.47 in the year-ago quarter. The current stock performance of Aflac shows a 52-week-high of $78.43 and a 52-week-low of $56.04. Moreover, at the end of the last trading period, the closing price was at $75.61.

For The Cigna Group (NYSE:CI), Edward Jones downgraded the previous rating of Buy to Hold. Cigna Group earned $6.13 in the second quarter, compared to $6.20 in the year-ago quarter. The current stock performance of Cigna Group shows a 52-week-high of $339.99 and a 52-week-low of $240.50. Moreover, at the end of the last trading period, the closing price was at $270.53.

Edward Jones downgraded the previous rating for CVS Health Corp (NYSE:CVS) from Buy to Hold. For the second quarter, CVS Health had an EPS of $2.21, compared to year-ago quarter EPS of $2.40. The stock has a 52-week-high of $106.51 and a 52-week-low of $64.62. At the end of the last trading period, CVS Health closed at $66.80.

For Sea Ltd (NYSE:SE), JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Sea showed an EPS of $0.54, compared to $1.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $88.84 and a 52-week-low of $38.01. Sea closed at $39.49 at the end of the last trading period.

Keybanc downgraded the previous rating for Farfetch Ltd (NYSE:FTCH) from Overweight to Sector Weight. For the second quarter, Farfetch had an EPS of $0.21, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $12.88 and a 52-week-low of $3.64. At the end of the last trading period, Farfetch closed at $4.76.

See all analyst ratings downgrades.

Initiations

With a Equal-Weight rating, Stephens & Co. initiated coverage on Qualys Inc (NASDAQ:QLYS). The price target seems to have been set at $145.00 for Qualys. Qualys earned $1.27 in the second quarter, compared to $0.89 in the year-ago quarter. The current stock performance of Qualys shows a 52-week-high of $162.36 and a 52-week-low of $101.10. Moreover, at the end of the last trading period, the closing price was at $142.73.

B of A Securities initiated coverage on Blue Bird Corp (NASDAQ:BLBD) with a Buy rating. The price target for Blue Bird is set to $26.50. Blue Bird earned $0.44 in the third quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Blue Bird shows a 52-week-high of $28.80 and a 52-week-low of $7.22. Moreover, at the end of the last trading period, the closing price was at $20.49.

With a Buy rating, B of A Securities initiated coverage on AlloVir Inc (NASDAQ:ALVR). The price target seems to have been set at $17.00 for AlloVir. In the second quarter, AlloVir showed an EPS of $0.48, compared to $0.69 from the year-ago quarter. The current stock performance of AlloVir shows a 52-week-high of $10.22 and a 52-week-low of $2.42. Moreover, at the end of the last trading period, the closing price was at $2.47.

With a Buy rating, HC Wainwright & Co. initiated coverage on AEON Biopharma Inc (AMEX:AEON). The price target seems to have been set at $18.00 for AEON Biopharma. The stock has a 52-week-high of $11.88 and a 52-week-low of $4.06. At the end of the last trading period, AEON Biopharma closed at $4.34.

With a Buy rating, BTIG initiated coverage on DocGo Inc (NASDAQ:DCGO). The price target seems to have been set at $15.00 for DocGo. DocGo earned $0.02 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of DocGo shows a 52-week-high of $11.39 and a 52-week-low of $6.36. Moreover, at the end of the last trading period, the closing price was at $9.38.

Baird initiated coverage on The Trade Desk Inc (NASDAQ:TTD) with an Outperform rating. The price target for Trade Desk is set to $88.00. For the second quarter, Trade Desk had an EPS of $0.28, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $91.85 and a 52-week-low of $39.44. Trade Desk closed at $71.19 at the end of the last trading period.

Baird initiated coverage on Integral Ad Science Holding Corp (NASDAQ:IAS) with an Outperform rating. The price target for Integral Ad Science is set to $19.00. In the second quarter, Integral Ad Science showed an EPS of $0.05, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.88 and a 52-week-low of $6.64. Integral Ad Science closed at $13.86 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on DoubleVerify Holdings Inc (NYSE:DV). The price target seems to have been set at $38.00 for DoubleVerify Hldgs. For the second quarter, DoubleVerify Hldgs had an EPS of $0.07, compared to year-ago quarter EPS of $0.06. The current stock performance of DoubleVerify Hldgs shows a 52-week-high of $42.51 and a 52-week-low of $20.38. Moreover, at the end of the last trading period, the closing price was at $32.18.

William Blair initiated coverage on Holley Inc (NYSE:HLLY) with an Outperform rating. For the second quarter, Holley had an EPS of $0.14, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $8.06 and a 52-week-low of $1.89. Holley closed at $6.14 at the end of the last trading period.

With a Buy rating, JonesTrading initiated coverage on Acrivon Therapeutics Inc (NASDAQ:ACRV). The price target seems to have been set at $26.00 for Acrivon Therapeutics. In the second quarter, Acrivon Therapeutics showed an EPS of $0.63, compared to $3.29 from the year-ago quarter. The current stock performance of Acrivon Therapeutics shows a 52-week-high of $25.47 and a 52-week-low of $8.06. Moreover, at the end of the last trading period, the closing price was at $11.04.

With an Outperform rating, TD Cowen initiated coverage on Dynatrace Inc (NYSE:DT). The price target seems to have been set at $57.00 for Dynatrace. Dynatrace earned $0.27 in the first quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.87 and a 52-week-low of $31.55. Dynatrace closed at $45.66 at the end of the last trading period.

With a Buy rating, Stifel initiated coverage on Maximus Inc (NYSE:MMS). The price target seems to have been set at $102.00 for Maximus. In the third quarter, Maximus showed an EPS of $0.78, compared to $0.78 from the year-ago quarter. The stock has a 52-week-high of $89.69 and a 52-week-low of $54.53. At the end of the last trading period, Maximus closed at $78.34.

With a Market Perform rating, TD Cowen initiated coverage on Elastic NV (NYSE:ESTC). The price target seems to have been set at $65.00 for Elastic. Elastic earned $0.22 in the fourth quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $91.19 and a 52-week-low of $46.18. Elastic closed at $60.27 at the end of the last trading period.

TD Cowen initiated coverage on Datadog Inc (NASDAQ:DDOG) with an Outperform rating. The price target for Datadog is set to $120.00. In the second quarter, Datadog showed an EPS of $0.36, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $118.02 and a 52-week-low of $61.34. Datadog closed at $90.29 at the end of the last trading period.

Stephens & Co. initiated coverage on Tenable Holdings Inc (NASDAQ:TENB) with an Overweight rating. The price target for Tenable Holdings is set to $60.00. In the second quarter, Tenable Holdings showed an EPS of $0.22, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $49.77 and a 52-week-low of $28.80. At the end of the last trading period, Tenable Holdings closed at $44.22.

Citigroup initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI) with a Neutral rating. The price target for Hannon Armstrong is set to $24.00. In the second quarter, Hannon Armstrong showed an EPS of $0.53, compared to $0.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.68 and a 52-week-low of $19.84. Hannon Armstrong closed at $20.17 at the end of the last trading period.

See all analyst ratings initiations.

Posted In: ACRE ACRV ACRX AEON AFL ALVR AMWD BLBD BZH CELL CEQP CI CSL CVS DCBO DCGO DDOG DLTR DT DV