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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For June 13, 2022

Upgrades

For Western Asset Mortgage Capital Corp (NYSE:WMC), JonesTrading upgraded the previous rating of Hold to Buy. In the first quarter, Western Asset Mortgage showed an EPS of $0.01, compared to $0.10 from the year-ago quarter. The current stock performance of Western Asset Mortgage shows a 52-week-high of $4.19 and a 52-week-low of $1.10. Moreover, at the end of the last trading period, the closing price was at $1.27.

Noble Capital Markets upgraded the previous rating for Comtech Telecommunications Corp (NASDAQ:CMTL) from Market Perform to Outperform. In the third quarter, Comtech Telecom showed an EPS of $0.06, compared to $0.26 from the year-ago quarter. The stock has a 52-week-high of $27.70 and a 52-week-low of $8.96. At the end of the last trading period, Comtech Telecom closed at $9.69.

Canaccord Genuity upgraded the previous rating for Royal Gold Inc (NASDAQ:RGLD) from Hold to Buy. In the third quarter, Royal Gold showed an EPS of $0.99, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $147.70 and a 52-week-low of $92.01. At the end of the last trading period, Royal Gold closed at $114.84.

According to JP Morgan, the prior rating for New Oriental Education & Technology Group Inc (NYSE:EDU) was changed from Neutral to Overweight. In the third quarter, New Oriental Education showed an EPS of $0.56, compared to $0.10 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.47 and a 52-week-low of $0.84. New Oriental Education closed at $16.21 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for Fidelity National Information Services Inc (NYSE:FIS) was changed from In-Line to Outperform. For the first quarter, Fidelity National Info had an EPS of $1.47, compared to year-ago quarter EPS of $1.30. The current stock performance of Fidelity National Info shows a 52-week-high of $152.20 and a 52-week-low of $85.00. Moreover, at the end of the last trading period, the closing price was at $97.80.

UBS upgraded the previous rating for Quanta Services Inc (NYSE:PWR) from Neutral to Buy. For the first quarter, Quanta Servs had an EPS of $1.37, compared to year-ago quarter EPS of $0.83. The stock has a 52-week-high of $140.04 and a 52-week-low of $84.40. At the end of the last trading period, Quanta Servs closed at $126.60.

For Tesla Inc (NASDAQ:TSLA), RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the first quarter, Tesla showed an EPS of $3.22, compared to $0.93 from the year-ago quarter. The stock has a 52-week-high of $1243.49 and a 52-week-low of $593.50. At the end of the last trading period, Tesla closed at $696.69.

See all analyst ratings upgrades.

Downgrades

Summit Insights Group downgraded the previous rating for Micron Technology Inc (NASDAQ:MU) from Buy to Hold. For the second quarter, Micron Technology had an EPS of $2.14, compared to year-ago quarter EPS of $0.98. The current stock performance of Micron Technology shows a 52-week-high of $98.45 and a 52-week-low of $62.28. Moreover, at the end of the last trading period, the closing price was at $62.62.

Redburn Partners downgraded the previous rating for FMC Corp (NYSE:FMC) from Buy to Neutral. For the first quarter, FMC had an EPS of $1.88, compared to year-ago quarter EPS of $1.53. The current stock performance of FMC shows a 52-week-high of $140.99 and a 52-week-low of $87.27. Moreover, at the end of the last trading period, the closing price was at $112.70.

According to SVB Leerink, the prior rating for Turning Point Therapeutics Inc (NASDAQ:TPTX) was changed from Outperform to Market Perform. For the first quarter, Turning Point had an EPS of $1.50, compared to year-ago quarter EPS of $0.73. At the moment, the stock has a 52-week-high of $83.06 and a 52-week-low of $23.77. Turning Point closed at $74.47 at the end of the last trading period.

According to Stifel, the prior rating for Covetrus Inc (NASDAQ:CVET) was changed from Buy to Hold. In the first quarter, Covetrus showed an EPS of $0.25, compared to $0.21 from the year-ago quarter. The current stock performance of Covetrus shows a 52-week-high of $29.02 and a 52-week-low of $13.39. Moreover, at the end of the last trading period, the closing price was at $20.70.

Cantor Fitzgerald downgraded the previous rating for Volta Inc (NYSE:VLTA) from Overweight to Neutral. In the first quarter, Volta showed an EPS of $0.28, compared to $4.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $14.34 and a 52-week-low of $1.65. Volta closed at $2.21 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Zendesk Inc (NYSE:ZEN) was changed from Overweight to Equal-Weight. Zendesk earned $0.12 in the first quarter, compared to $0.17 in the year-ago quarter. At the moment, the stock has a 52-week-high of $153.43 and a 52-week-low of $63.87. Zendesk closed at $64.97 at the end of the last trading period.

According to Wolfe Research, the prior rating for DocuSign Inc (NASDAQ:DOCU) was changed from Peer Perform to Underperform. DocuSign earned $0.38 in the first quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $314.76 and a 52-week-low of $64.30. DocuSign closed at $65.93 at the end of the last trading period.

BMO Capital downgraded the previous rating for T. Rowe Price Group Inc (NASDAQ:TROW) from Outperform to Market Perform. In the first quarter, T. Rowe Price Gr showed an EPS of $2.62, compared to $3.01 from the year-ago quarter. The current stock performance of T. Rowe Price Gr shows a 52-week-high of $224.56 and a 52-week-low of $112.65. Moreover, at the end of the last trading period, the closing price was at $114.85.

For Invesco Ltd (NYSE:IVZ), BMO Capital downgraded the previous rating of Outperform to Market Perform. In the first quarter, Invesco showed an EPS of $0.56, compared to $0.68 from the year-ago quarter. The current stock performance of Invesco shows a 52-week-high of $29.48 and a 52-week-low of $16.76. Moreover, at the end of the last trading period, the closing price was at $17.28.

Piper Sandler downgraded the previous rating for New Residential Investment Corp (NYSE:NRZ) from Neutral to Underweight. New Residential Inv earned $0.37 in the first quarter, compared to $0.34 in the year-ago quarter. The stock has a 52-week-high of $11.81 and a 52-week-low of $8.98. At the end of the last trading period, New Residential Inv closed at $10.87.

See all analyst ratings downgrades.

Initiations

ThinkEquity initiated coverage on Tiziana Life Sciences Ltd (NASDAQ:TLSA) with a Buy rating. The price target for Tiziana Life Sciences is set to $4.00. NoneThe current stock performance of Tiziana Life Sciences shows a 52-week-high of $2.84 and a 52-week-low of $0.53. Moreover, at the end of the last trading period, the closing price was at $0.76.

With a Buy rating, MoffettNathanson initiated coverage on Starry Group Holdings Inc (NYSE:STRY). The price target seems to have been set at $11.00 for Starry Group Holdings. The current stock performance of Starry Group Holdings shows a 52-week-high of $10.90 and a 52-week-low of $5.19. Moreover, at the end of the last trading period, the closing price was at $5.32.

Jefferies initiated coverage on MINISO Group Holding Ltd (NYSE:MNSO) with a Buy rating. The price target for MINISO Group Holding is set to $9.51. For the third quarter, MINISO Group Holding had an EPS of $0.06, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $24.68 and a 52-week-low of $5.07. MINISO Group Holding closed at $5.99 at the end of the last trading period.

Wedbush initiated coverage on Rani Therapeutics Holdings Inc (NASDAQ:RANI) with an Outperform rating. The price target for Rani Therapeutics Hldgs is set to $28.00. At the moment, the stock has a 52-week-high of $36.27 and a 52-week-low of $9.06. Rani Therapeutics Hldgs closed at $9.40 at the end of the last trading period.

With a Buy rating, Alliance Global Partners initiated coverage on AgileThought Inc (NASDAQ:AGIL). The price target seems to have been set at $8.00 for AgileThought. The stock has a 52-week-high of $36.13 and a 52-week-low of $3.95. At the end of the last trading period, AgileThought closed at $4.88.

With an Overweight rating, Wells Fargo initiated coverage on Silvergate Capital Corp (NYSE:SI). The price target seems to have been set at $120.00 for Silvergate Capital. In the first quarter, Silvergate Capital showed an EPS of $0.79, compared to $0.55 from the year-ago quarter. At the moment, the stock has a 52-week-high of $239.26 and a 52-week-low of $56.15. Silvergate Capital closed at $74.01 at the end of the last trading period.

EF Hutton initiated coverage on Entravision Communications Corp (NYSE:EVC) with a Buy rating. The price target for Entravision Comms is set to $14.00. Entravision Comms earned $0.02 in the first quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.34 and a 52-week-low of $4.21. Entravision Comms closed at $5.02 at the end of the last trading period.

With a Buy rating, Tigress Financial initiated coverage on IHS Holding Ltd (NYSE:IHS). The price target seems to have been set at $22.00 for IHS Holding. The stock has a 52-week-high of $18.48 and a 52-week-low of $9.21. At the end of the last trading period, IHS Holding closed at $10.65.

With a Buy rating, Goldman Sachs initiated coverage on EQRx Inc (NASDAQ:EQRX). The price target seems to have been set at $8.00 for EQRx. At the moment, the stock has a 52-week-high of $8.70 and a 52-week-low of $2.63. EQRx closed at $3.96 at the end of the last trading period.

See all analyst ratings initiations.

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