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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For July 6, 2022

Upgrades

According to Wells Fargo, the prior rating for Rocket Companies Inc (NYSE:RKT) was changed from Equal-Weight to Overweight. In the first quarter, Rocket Companies showed an EPS of $0.15, compared to $0.91 from the year-ago quarter. The stock has a 52-week-high of $19.59 and a 52-week-low of $6.27. At the end of the last trading period, Rocket Companies closed at $8.05.

Evercore ISI Group upgraded the previous rating for Enanta Pharmaceuticals Inc (NASDAQ:ENTA) from In-Line to Outperform. Enanta Pharmaceuticals earned $1.63 in the second quarter, compared to $1.09 in the year-ago quarter. The stock has a 52-week-high of $102.00 and a 52-week-low of $37.59. At the end of the last trading period, Enanta Pharmaceuticals closed at $52.68.

According to B of A Securities, the prior rating for Dun & Bradstreet Holdings Inc (NYSE:DNB) was changed from Underperform to Neutral. Dun & Bradstreet Hldgs earned $0.24 in the first quarter, compared to $0.23 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.91 and a 52-week-low of $13.67. Dun & Bradstreet Hldgs closed at $14.33 at the end of the last trading period.

According to B of A Securities, the prior rating for Sabre Corp (NASDAQ:SABR) was changed from Underperform to Buy. Sabre earned $0.29 in the first quarter, compared to $0.72 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.65 and a 52-week-low of $5.52. Sabre closed at $6.38 at the end of the last trading period.

For Sempra Energy (NYSE:SRE), Goldman Sachs upgraded the previous rating of Neutral to Buy. In the first quarter, Sempra Energy showed an EPS of $2.91, compared to $2.95 from the year-ago quarter. At the moment, the stock has a 52-week-high of $173.28 and a 52-week-low of $119.56. Sempra Energy closed at $146.99 at the end of the last trading period.

Credit Suisse upgraded the previous rating for Mercer International Inc (NASDAQ:MERC) from Neutral to Outperform. Mercer Intl earned $1.34 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Mercer Intl shows a 52-week-high of $17.17 and a 52-week-low of $9.51. Moreover, at the end of the last trading period, the closing price was at $12.39.

For Centennial Resource Development Inc (NASDAQ:CDEV), RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the first quarter, Centennial Resource Dev showed an EPS of $0.05, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $9.70 and a 52-week-low of $3.90. Centennial Resource Dev closed at $5.49 at the end of the last trading period.

According to RBC Capital, the prior rating for Callon Petroleum Co (NYSE:CPE) was changed from Sector Perform to Outperform. For the first quarter, Callon Petroleum had an EPS of $3.43, compared to year-ago quarter EPS of $1.49. The current stock performance of Callon Petroleum shows a 52-week-high of $66.48 and a 52-week-low of $25.32. Moreover, at the end of the last trading period, the closing price was at $35.89.

See all analyst ratings upgrades.

Downgrades

According to BMO Capital, the prior rating for HCA Healthcare Inc (NYSE:HCA) was changed from Market Perform to Underperform. For the first quarter, HCA Healthcare had an EPS of $4.12, compared to year-ago quarter EPS of $4.14. The current stock performance of HCA Healthcare shows a 52-week-high of $279.02 and a 52-week-low of $165.88. Moreover, at the end of the last trading period, the closing price was at $172.58.

Roth Capital downgraded the previous rating for Alexco Resource Corp (AMEX:AXU) from Buy to Neutral. In the first quarter, Alexco Resource showed an EPS of $0.03, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.59 and a 52-week-low of $0.35. Alexco Resource closed at $0.40 at the end of the last trading period.

Roth Capital downgraded the previous rating for Evolution Petroleum Corp (AMEX:EPM) from Buy to Neutral. For the third quarter, Evolution Petroleum had an EPS of $0.17, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $8.17 and a 52-week-low of $3.60. Evolution Petroleum closed at $5.04 at the end of the last trading period.

For Kornit Digital Ltd (NASDAQ:KRNT), Craig-Hallum downgraded the previous rating of Buy to Hold. In the first quarter, Kornit Digital showed an EPS of $0.00, compared to $0.16 from the year-ago quarter. The current stock performance of Kornit Digital shows a 52-week-high of $181.38 and a 52-week-low of $29.67. Moreover, at the end of the last trading period, the closing price was at $31.56.

For McCormick & Co Inc (NYSE:MKC), Argus Research downgraded the previous rating of Buy to Hold. McCormick & Co earned $0.48 in the second quarter, compared to $0.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $107.35 and a 52-week-low of $77.85. McCormick & Co closed at $84.10 at the end of the last trading period.

Susquehanna downgraded the previous rating for Union Pacific Corp (NYSE:UNP) from Positive to Neutral. For the first quarter, Union Pacific had an EPS of $2.57, compared to year-ago quarter EPS of $2.00. The current stock performance of Union Pacific shows a 52-week-high of $278.94 and a 52-week-low of $195.68. Moreover, at the end of the last trading period, the closing price was at $210.17.

According to UBS, the prior rating for Moelis & Co (NYSE:MC) was changed from Buy to Neutral. For the first quarter, Moelis & Co had an EPS of $0.95, compared to year-ago quarter EPS of $1.02. At the moment, the stock has a 52-week-high of $77.49 and a 52-week-low of $37.16. Moelis & Co closed at $40.84 at the end of the last trading period.

According to DA Davidson, the prior rating for Grocery Outlet Holding Corp (NASDAQ:GO) was changed from Buy to Neutral. In the first quarter, Grocery Outlet Holding showed an EPS of $0.22, compared to $0.23 from the year-ago quarter. The current stock performance of Grocery Outlet Holding shows a 52-week-high of $44.04 and a 52-week-low of $21.01. Moreover, at the end of the last trading period, the closing price was at $43.10.

For Universal Health Services Inc (NYSE:UHS), BMO Capital downgraded the previous rating of Market Perform to Underperform. In the first quarter, Universal Health Services showed an EPS of $2.15, compared to $2.44 from the year-ago quarter. The stock has a 52-week-high of $165.00 and a 52-week-low of $98.89. At the end of the last trading period, Universal Health Services closed at $104.90.

According to Atlantic Equities, the prior rating for Coinbase Global Inc (NASDAQ:COIN) was changed from Overweight to Neutral. For the first quarter, Coinbase Global had an EPS of $1.98, compared to year-ago quarter EPS of $3.05. The current stock performance of Coinbase Global shows a 52-week-high of $368.90 and a 52-week-low of $40.83. Moreover, at the end of the last trading period, the closing price was at $55.41.

According to Raymond James, the prior rating for VMware Inc (NYSE:VMW) was changed from Outperform to Market Perform. For the first quarter, VMware had an EPS of $1.28, compared to year-ago quarter EPS of $1.76. The stock has a 52-week-high of $167.83 and a 52-week-low of $91.53. At the end of the last trading period, VMware closed at $114.03.

Barclays downgraded the previous rating for SAP SE (NYSE:SAP) from Overweight to Equal-Weight. In the first quarter, SAP showed an EPS of $1.12, compared to $1.69 from the year-ago quarter. The current stock performance of SAP shows a 52-week-high of $151.48 and a 52-week-low of $87.32. Moreover, at the end of the last trading period, the closing price was at $89.16.

According to RBC Capital, the prior rating for Continental Resources Inc (NYSE:CLR) was changed from Outperform to Sector Perform. Continental Resources earned $2.65 in the first quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.49 and a 52-week-low of $31.40. Continental Resources closed at $64.11 at the end of the last trading period.

For Kornit Digital Ltd (NASDAQ:KRNT), Stifel downgraded the previous rating of Buy to Hold. For the first quarter, Kornit Digital had an EPS of $0.00, compared to year-ago quarter EPS of $0.16. The current stock performance of Kornit Digital shows a 52-week-high of $181.38 and a 52-week-low of $29.67. Moreover, at the end of the last trading period, the closing price was at $31.56.

Baird downgraded the previous rating for Littelfuse Inc (NASDAQ:LFUS) from Outperform to Neutral. In the first quarter, Littelfuse showed an EPS of $4.99, compared to $2.67 from the year-ago quarter. The stock has a 52-week-high of $334.84 and a 52-week-low of $223.31. At the end of the last trading period, Littelfuse closed at $250.88.

Barclays downgraded the previous rating for Gol Intelligent Airlines Inc (NYSE:GOL) from Overweight to Equal-Weight. Gol Intelligent Airlines earned $0.67 in the first quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $9.46 and a 52-week-low of $3.10. At the end of the last trading period, Gol Intelligent Airlines closed at $3.18.

For Azul SA (NYSE:AZUL), Barclays downgraded the previous rating of Equal-Weight to Underweight. In the first quarter, Azul showed an EPS of $1.14, compared to $0.57 from the year-ago quarter. The current stock performance of Azul shows a 52-week-high of $26.98 and a 52-week-low of $6.38. Moreover, at the end of the last trading period, the closing price was at $6.84.

Needham downgraded the previous rating for RingCentral Inc (NYSE:RNG) from Buy to Hold. RingCentral earned $0.39 in the first quarter, compared to $0.27 in the year-ago quarter. At the moment, the stock has a 52-week-high of $315.00 and a 52-week-low of $48.53. RingCentral closed at $61.33 at the end of the last trading period.

RBC Capital downgraded the previous rating for Earthstone Energy Inc (NYSE:ESTE) from Outperform to Sector Perform. In the first quarter, Earthstone Energy showed an EPS of $0.78, compared to $0.17 from the year-ago quarter. The current stock performance of Earthstone Energy shows a 52-week-high of $22.25 and a 52-week-low of $7.01. Moreover, at the end of the last trading period, the closing price was at $12.46.

For Pioneer Natural Resources Co (NYSE:PXD), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the first quarter, Pioneer Natural Resources showed an EPS of $7.74, compared to $1.77 from the year-ago quarter. The current stock performance of Pioneer Natural Resources shows a 52-week-high of $288.46 and a 52-week-low of $133.73. Moreover, at the end of the last trading period, the closing price was at $215.14.

According to RBC Capital, the prior rating for EOG Resources Inc (NYSE:EOG) was changed from Outperform to Sector Perform. For the first quarter, EOG Resources had an EPS of $4.00, compared to year-ago quarter EPS of $1.62. At the moment, the stock has a 52-week-high of $147.99 and a 52-week-low of $62.81. EOG Resources closed at $104.82 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

With an Outperform rating, Northland Capital Markets initiated coverage on Duddell Street Acquisition Corp (NASDAQ:DSAC). The price target seems to have been set at $13.00 for Duddell Street Acq. The current stock performance of Duddell Street Acq shows a 52-week-high of $9.98 and a 52-week-low of $9.65. Moreover, at the end of the last trading period, the closing price was at $9.96.

Truist Securities initiated coverage on Howmet Aerospace Inc (NYSE:HWM) with a Buy rating. The price target for Howmet Aerospace is set to $41.00. In the first quarter, Howmet Aerospace showed an EPS of $0.31, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $37.66 and a 52-week-low of $27.41. At the end of the last trading period, Howmet Aerospace closed at $31.10.

Maxim Group initiated coverage on Aclarion Inc (NASDAQ:ACON) with a Buy rating. The price target for Aclarion is set to $3.00. For the first quarter, Aclarion had an EPS of $1.35, compared to year-ago quarter EPS of $0.81. The stock has a 52-week-high of $4.05 and a 52-week-low of $0.78. At the end of the last trading period, Aclarion closed at $0.89.

With a Buy rating, CL King initiated coverage on Materion Corp (NYSE:MTRN). The price target seems to have been set at $95.00 for Materion. For the first quarter, Materion had an EPS of $1.08, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $96.00 and a 52-week-low of $66.92. At the end of the last trading period, Materion closed at $70.77.

EF Hutton initiated coverage on Indonesia Energy Corp Ltd (AMEX:INDO) with a Buy rating. The price target for Indonesia Energy Corp is set to $11.00. NoneThe stock has a 52-week-high of $86.99 and a 52-week-low of $2.61. At the end of the last trading period, Indonesia Energy Corp closed at $6.03.

With a Buy rating, HC Wainwright & Co. initiated coverage on Canaan Inc (NASDAQ:CAN). The price target seems to have been set at $5.00 for Canaan. In the first quarter, Canaan showed an EPS of $0.50, compared to $0.00 from the year-ago quarter. At the moment, the stock has a 52-week-high of $11.19 and a 52-week-low of $2.56. Canaan closed at $3.46 at the end of the last trading period.

New Street Research initiated coverage on Inter & Co Inc (NASDAQ:INTR) with a Neutral rating. The price target for Inter & Co is set to $4.30. The stock has a 52-week-high of $4.00 and a 52-week-low of $2.10. At the end of the last trading period, Inter & Co closed at $3.02.

For POINT Biopharma Global Inc (NASDAQ:PNT), William Blair initiated coverage, by setting the current rating at Outperform. In the first quarter, POINT Biopharma Global showed an EPS of $0.18, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $11.72 and a 52-week-low of $4.25. At the end of the last trading period, POINT Biopharma Global closed at $7.78.

For Fusion Pharmaceuticals Inc (NASDAQ:FUSN), William Blair initiated coverage, by setting the current rating at Outperform. For the first quarter, Fusion Pharmaceuticals had an EPS of $0.46, compared to year-ago quarter EPS of $0.42. The current stock performance of Fusion Pharmaceuticals shows a 52-week-high of $9.50 and a 52-week-low of $2.40. Moreover, at the end of the last trading period, the closing price was at $2.46.

Needham initiated coverage on Definitive Healthcare Corp (NASDAQ:DH) with a Buy rating. The price target for Definitive Healthcare is set to $30.00. The current stock performance of Definitive Healthcare shows a 52-week-high of $50.30 and a 52-week-low of $14.76. Moreover, at the end of the last trading period, the closing price was at $24.66.

With a Perform rating, Oppenheimer initiated coverage on Portman Ridge Finance Corp (NASDAQ:PTMN). The price target seems to have been set at $26.00 for Portman Ridge Finance. Portman Ridge Finance earned $0.82 in the first quarter, compared to $1.10 in the year-ago quarter. The stock has a 52-week-high of $25.97 and a 52-week-low of $2.18. At the end of the last trading period, Portman Ridge Finance closed at $23.52.

For Boston Scientific Corp (NYSE:BSX), Wolfe Research initiated coverage, by setting the current rating at Outperform. Boston Scientific earned $0.39 in the first quarter, compared to $0.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $47.49 and a 52-week-low of $34.98. Boston Scientific closed at $37.76 at the end of the last trading period.

For Teleflex Inc (NYSE:TFX), Wolfe Research initiated coverage, by setting the current rating at Outperform. Teleflex earned $2.88 in the first quarter, compared to $2.87 in the year-ago quarter. The current stock performance of Teleflex shows a 52-week-high of $428.36 and a 52-week-low of $244.81. Moreover, at the end of the last trading period, the closing price was at $252.25.

For Abbott Laboratories (NYSE:ABT), Wolfe Research initiated coverage, by setting the current rating at Underperform. For the first quarter, Abbott Laboratories had an EPS of $1.73, compared to year-ago quarter EPS of $1.32. The stock has a 52-week-high of $142.60 and a 52-week-low of $101.24. At the end of the last trading period, Abbott Laboratories closed at $109.30.

Wolfe Research initiated coverage on Medtronic PLC (NYSE:MDT) with an Underperform rating. Medtronic earned $1.52 in the fourth quarter, compared to $1.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of $135.89 and a 52-week-low of $86.95. Medtronic closed at $90.49 at the end of the last trading period.

JP Morgan initiated coverage on Avid Technology Inc (NASDAQ:AVID) with an Overweight rating. The price target for Avid Technology is set to $33.00. Avid Technology earned $0.33 in the first quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $40.48 and a 52-week-low of $20.83. At the end of the last trading period, Avid Technology closed at $26.32.

See all analyst ratings initiations.

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