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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For June 1, 2022

Upgrades

Citigroup upgraded the previous rating for FinVolution Group (NYSE:FINV) from Neutral to Buy. FinVolution Gr earned $0.30 in the first quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $10.41 and a 52-week-low of $2.68. At the end of the last trading period, FinVolution Gr closed at $4.21.

For Noble Corp (NYSE:NE), BTIG upgraded the previous rating of Neutral to Buy. At the moment, the stock has a 52-week-high of $37.77 and a 52-week-low of $20.34. Noble closed at $36.28 at the end of the last trading period.

For Vertex Pharmaceuticals Inc (NASDAQ:VRTX), Maxim Group upgraded the previous rating of Hold to Buy. For the first quarter, Vertex Pharmaceuticals had an EPS of $3.52, compared to year-ago quarter EPS of $2.98. The stock has a 52-week-high of $292.75 and a 52-week-low of $176.36. At the end of the last trading period, Vertex Pharmaceuticals closed at $268.65.

For Visteon Corp (NASDAQ:VC), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. Visteon earned $1.09 in the first quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $134.57 and a 52-week-low of $88.82. Visteon closed at $112.21 at the end of the last trading period.

For Home Bancorp Inc (NASDAQ:HBCP), DA Davidson upgraded the previous rating of Neutral to Buy. Home Bancorp earned $0.53 in the first quarter, compared to $1.41 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.73 and a 52-week-low of $33.16. Home Bancorp closed at $34.39 at the end of the last trading period.

For Park Hotels & Resorts Inc (NYSE:PK), Truist Securities upgraded the previous rating of Hold to Buy. Park Hotels & Resorts earned $0.08 in the first quarter, compared to $0.48 in the year-ago quarter. At the moment, the stock has a 52-week-high of $22.42 and a 52-week-low of $15.57. Park Hotels & Resorts closed at $18.06 at the end of the last trading period.

Cowen & Co. upgraded the previous rating for Xylem Inc (NYSE:XYL) from Underperform to Market Perform. In the first quarter, Xylem showed an EPS of $0.47, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $138.78 and a 52-week-low of $78.92. Xylem closed at $84.25 at the end of the last trading period.

For Blueprint Medicines Corp (NASDAQ:BPMC), Jefferies upgraded the previous rating of Hold to Buy. In the first quarter, Blueprint Medicines showed an EPS of $1.79, compared to $1.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $117.86 and a 52-week-low of $50.95. Blueprint Medicines closed at $55.00 at the end of the last trading period.

RBC Capital upgraded the previous rating for Danaher Corp (NYSE:DHR) from Sector Perform to Outperform. Danaher earned $2.76 in the first quarter, compared to $2.52 in the year-ago quarter. The current stock performance of Danaher shows a 52-week-high of $333.96 and a 52-week-low of $233.71. Moreover, at the end of the last trading period, the closing price was at $263.82.

For Enanta Pharmaceuticals Inc (NASDAQ:ENTA), Evercore ISI Group upgraded the previous rating of Underperform to In-Line. In the second quarter, Enanta Pharmaceuticals showed an EPS of $1.63, compared to $1.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $102.00 and a 52-week-low of $37.59. Enanta Pharmaceuticals closed at $39.93 at the end of the last trading period.

For CatchMark Timber Trust Inc (NYSE:CTT), Raymond James upgraded the previous rating of Underperform to Market Perform. CatchMark Timber Trust earned $0.07 in the first quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $12.57 and a 52-week-low of $7.18. At the end of the last trading period, CatchMark Timber Trust closed at $11.79.

See all analyst ratings upgrades.

Downgrades

Redburn Partners downgraded the previous rating for Valero Energy Corp (NYSE:VLO) from Buy to Neutral. In the first quarter, Valero Energy showed an EPS of $2.31, compared to $1.73 from the year-ago quarter. The stock has a 52-week-high of $135.75 and a 52-week-low of $58.85. At the end of the last trading period, Valero Energy closed at $129.60.

According to UBS, the prior rating for Angel Oak Mortgage Inc (NYSE:AOMR) was changed from Buy to Neutral. Angel Oak Mortgage earned $1.49 in the first quarter, compared to $0.60 in the year-ago quarter. The current stock performance of Angel Oak Mortgage shows a 52-week-high of $19.00 and a 52-week-low of $12.60. Moreover, at the end of the last trading period, the closing price was at $15.30.

For Poshmark Inc (NASDAQ:POSH), JMP Securities downgraded the previous rating of Market Outperform to Market Perform. Poshmark earned $0.18 in the first quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of $52.39 and a 52-week-low of $8.97. At the end of the last trading period, Poshmark closed at $10.93.

For 1stdibs.com Inc (NASDAQ:DIBS), JMP Securities downgraded the previous rating of Market Outperform to Market Perform. At the moment, the stock has a 52-week-high of $35.46 and a 52-week-low of $4.77. 1stdibs.com closed at $5.71 at the end of the last trading period.

According to Wells Fargo, the prior rating for Fortis Inc (NYSE:FTS) was changed from Equal-Weight to Underweight. In the first quarter, Fortis showed an EPS of $0.62, compared to $0.61 from the year-ago quarter. The stock has a 52-week-high of $51.66 and a 52-week-low of $43.12. At the end of the last trading period, Fortis closed at $50.36.

Baird downgraded the previous rating for GoodRx Holdings Inc (NASDAQ:GDRX) from Outperform to Neutral. GoodRx Holdings earned $0.10 in the first quarter, compared to $0.07 in the year-ago quarter. The current stock performance of GoodRx Holdings shows a 52-week-high of $48.05 and a 52-week-low of $7.33. Moreover, at the end of the last trading period, the closing price was at $7.97.

For Gates Industrial Corp PLC (NYSE:GTES), RBC Capital downgraded the previous rating of Outperform to Sector Perform. For the first quarter, Gates Industrial Corp had an EPS of $0.26, compared to year-ago quarter EPS of $0.33. The current stock performance of Gates Industrial Corp shows a 52-week-high of $18.94 and a 52-week-low of $11.57. Moreover, at the end of the last trading period, the closing price was at $12.76.

For Medtronic PLC (NYSE:MDT), Atlantic Equities downgraded the previous rating of Overweight to Neutral. For the fourth quarter, Medtronic had an EPS of $1.52, compared to year-ago quarter EPS of $1.50. At the moment, the stock has a 52-week-high of $135.89 and a 52-week-low of $96.86. Medtronic closed at $100.15 at the end of the last trading period.

For CatchMark Timber Trust Inc (NYSE:CTT), Stifel downgraded the previous rating of Buy to Hold. For the first quarter, CatchMark Timber Trust had an EPS of $0.07, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $12.57 and a 52-week-low of $7.18. CatchMark Timber Trust closed at $11.79 at the end of the last trading period.

For Sealed Air Corp (NYSE:SEE), JP Morgan downgraded the previous rating of Neutral to Underweight. Sealed Air earned $1.12 in the first quarter, compared to $0.78 in the year-ago quarter. The stock has a 52-week-high of $70.72 and a 52-week-low of $53.87. At the end of the last trading period, Sealed Air closed at $62.18.

For Sibanye Stillwater Ltd (NYSE:SBSW), RBC Capital downgraded the previous rating of Outperform to Sector Perform. NoneThe stock has a 52-week-high of $20.64 and a 52-week-low of $10.51. At the end of the last trading period, Sibanye Stillwater closed at $12.99.

For Tempur Sealy International Inc (NYSE:TPX), Piper Sandler downgraded the previous rating of Overweight to Neutral. Tempur Sealy Intl earned $0.69 in the first quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Tempur Sealy Intl shows a 52-week-high of $50.51 and a 52-week-low of $23.28. Moreover, at the end of the last trading period, the closing price was at $26.37.

For Patterson-UTI Energy Inc (NASDAQ:PTEN), Piper Sandler downgraded the previous rating of Overweight to Neutral. For the first quarter, Patterson-UTI Energy had an EPS of $0.13, compared to year-ago quarter EPS of $0.57. The current stock performance of Patterson-UTI Energy shows a 52-week-high of $20.53 and a 52-week-low of $6.44. Moreover, at the end of the last trading period, the closing price was at $19.08.

See all analyst ratings downgrades.

Initiations

Citigroup initiated coverage on Shattuck Labs Inc (NASDAQ:STTK) with a Buy rating. The price target for Shattuck Labs is set to $13.00. Shattuck Labs earned $0.58 in the first quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $31.23 and a 52-week-low of $2.59. At the end of the last trading period, Shattuck Labs closed at $2.86.

EF Hutton initiated coverage on Tetra Technologies Inc (NYSE:TTI) with a Buy rating. The price target for Tetra Technologies is set to $8.00. Tetra Technologies earned $0.06 in the first quarter, compared to $0.04 in the year-ago quarter. The stock has a 52-week-high of $5.61 and a 52-week-low of $2.32. At the end of the last trading period, Tetra Technologies closed at $5.02.

Alliance Global Partners initiated coverage on Enveric Biosciences Inc (NASDAQ:ENVB) with a Buy rating. The price target for Enveric Biosciences is set to $1.25. In the first quarter, Enveric Biosciences showed an EPS of $0.11, compared to $0.20 from the year-ago quarter. At the moment, the stock has a 52-week-high of $3.74 and a 52-week-low of $0.17. Enveric Biosciences closed at $0.20 at the end of the last trading period.

With a Buy rating, UBS initiated coverage on SSR Mining Inc (NASDAQ:SSRM). The price target seems to have been set at $22.00 for SSR Mining. In the first quarter, SSR Mining showed an EPS of $0.30, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $24.58 and a 52-week-low of $14.19. At the end of the last trading period, SSR Mining closed at $19.43.

With a Equal-Weight rating, Barclays initiated coverage on ICL Group Ltd (NYSE:ICL). The price target seems to have been set at $12.00 for ICL Group. ICL Group earned $0.47 in the first quarter, compared to $0.11 in the year-ago quarter. The stock has a 52-week-high of $12.96 and a 52-week-low of $6.43. At the end of the last trading period, ICL Group closed at $10.98.

With an Underweight rating, Barclays initiated coverage on The Mosaic Co (NYSE:MOS). The price target seems to have been set at $59.00 for Mosaic. For the first quarter, Mosaic had an EPS of $2.41, compared to year-ago quarter EPS of $0.57. The stock has a 52-week-high of $79.28 and a 52-week-low of $28.26. At the end of the last trading period, Mosaic closed at $62.65.

Barclays initiated coverage on CF Industries Holdings Inc (NYSE:CF) with a Equal-Weight rating. The price target for CF Industries Holdings is set to $103.00. In the first quarter, CF Industries Holdings showed an EPS of $4.21, compared to $0.70 from the year-ago quarter. At the moment, the stock has a 52-week-high of $113.48 and a 52-week-low of $43.19. CF Industries Holdings closed at $98.77 at the end of the last trading period.

With an Overweight rating, Barclays initiated coverage on Corteva Inc (NYSE:CTVA). The price target seems to have been set at $71.00 for Corteva. Corteva earned $0.97 in the first quarter, compared to $0.79 in the year-ago quarter. The stock has a 52-week-high of $64.03 and a 52-week-low of $40.60. At the end of the last trading period, Corteva closed at $62.62.

With an Overweight rating, Barclays initiated coverage on Nutrien Ltd (NYSE:NTR). The price target seems to have been set at $116.00 for Nutrien. Nutrien earned $2.70 in the first quarter, compared to $0.29 in the year-ago quarter. The current stock performance of Nutrien shows a 52-week-high of $117.25 and a 52-week-low of $57.08. Moreover, at the end of the last trading period, the closing price was at $97.19.

With a Buy rating, BTIG initiated coverage on NexImmune Inc (NASDAQ:NEXI). The price target seems to have been set at $5.00 for NexImmune. In the first quarter, NexImmune showed an EPS of $0.66, compared to $0.71 from the year-ago quarter. The current stock performance of NexImmune shows a 52-week-high of $19.37 and a 52-week-low of $1.72. Moreover, at the end of the last trading period, the closing price was at $2.28.

JMP Securities initiated coverage on Etsy Inc (NASDAQ:ETSY) with a Market Outperform rating. The price target for Etsy is set to $125.00. Etsy earned $0.60 in the first quarter, compared to $1.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $307.75 and a 52-week-low of $68.40. Etsy closed at $81.12 at the end of the last trading period.

Cantor Fitzgerald initiated coverage on Gracell Biotechnologies Inc (NASDAQ:GRCL) with an Overweight rating. The price target for Gracell Biotechnologies is set to $20.00. Gracell Biotechnologies earned $0.35 in the first quarter, compared to $0.25 in the year-ago quarter. The current stock performance of Gracell Biotechnologies shows a 52-week-high of $16.93 and a 52-week-low of $1.68. Moreover, at the end of the last trading period, the closing price was at $3.29.

With a Neutral rating, Credit Suisse initiated coverage on Squarespace Inc (NYSE:SQSP). The price target seems to have been set at $25.00 for Squarespace. For the first quarter, Squarespace had an EPS of $0.67, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $64.71 and a 52-week-low of $14.43. Squarespace closed at $20.59 at the end of the last trading period.

BMO Capital initiated coverage on MP Materials Corp (NYSE:MP) with an Outperform rating. The price target for MP Materials is set to $50.00. In the first quarter, MP Materials showed an EPS of $0.50, compared to $0.13 from the year-ago quarter. The current stock performance of MP Materials shows a 52-week-high of $60.19 and a 52-week-low of $27.56. Moreover, at the end of the last trading period, the closing price was at $39.43.

See all analyst ratings initiations.

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