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Mon. 1 Aug 2022, 10:22am ET Benzinga Upgrades, Downgrades, Initiation, Intraday Update, Analyst Ratings

Upgrades

Seaport Global upgraded the previous rating for Plains GP Holdings LP (NASDAQ:PAGP) from Neutral to Buy. In the first quarter, Plains GP Holdings showed an EPS of $0.31, compared to $0.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.84 and a 52-week-low of $9.38. Plains GP Holdings closed at $11.19 at the end of the last trading period.

B of A Securities upgraded the previous rating for First Solar Inc (NASDAQ:FSLR) from Underperform to Neutral. First Solar earned $0.52 in the second quarter, compared to $0.77 in the year-ago quarter. At the moment, the stock has a 52-week-high of $102.12 and a 52-week-low of $59.60. First Solar closed at $99.17 at the end of the last trading period.

Seaport Global upgraded the previous rating for Plains All American Pipeline LP (NASDAQ:PAA) from Neutral to Buy. For the first quarter, Plains All American had an EPS of $0.31, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $12.10 and a 52-week-low of $9.10. Plains All American closed at $11.04 at the end of the last trading period.

According to Wedbush, the prior rating for Cullen/Frost Bankers Inc (NYSE:CFR) was changed from Underperform to Neutral. For the second quarter, Cullen/Frost Bankers had an EPS of $1.81, compared to year-ago quarter EPS of $1.80. The current stock performance of Cullen/Frost Bankers shows a 52-week-high of $147.39 and a 52-week-low of $112.67. Moreover, at the end of the last trading period, the closing price was at $130.40.

According to Wells Fargo, the prior rating for Colgate-Palmolive Co (NYSE:CL) was changed from Underweight to Equal-Weight. In the second quarter, Colgate-Palmolive showed an EPS of $0.72, compared to $0.80 from the year-ago quarter. The current stock performance of Colgate-Palmolive shows a 52-week-high of $85.61 and a 52-week-low of $72.20. Moreover, at the end of the last trading period, the closing price was at $78.74.

For Target Corp (NYSE:TGT), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. In the first quarter, Target showed an EPS of $2.19, compared to $3.69 from the year-ago quarter. The stock has a 52-week-high of $254.87 and a 52-week-low of $137.16. At the end of the last trading period, Target closed at $163.38.

Wolfe Research upgraded the previous rating for Eversource Energy (NYSE:ES) from Peer Perform to Outperform. In the second quarter, Eversource Energy showed an EPS of $0.86, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $94.63 and a 52-week-low of $77.06. At the end of the last trading period, Eversource Energy closed at $88.22.

According to Berenberg, the prior rating for LTC Properties Inc (NYSE:LTC) was changed from Hold to Buy. LTC Properties earned $0.64 in the second quarter, compared to $0.57 in the year-ago quarter. The current stock performance of LTC Properties shows a 52-week-high of $42.69 and a 52-week-low of $32.23. Moreover, at the end of the last trading period, the closing price was at $41.90.

See all analyst ratings upgrades.

Downgrades

For HNI Corp (NYSE:HNI), Sidoti & Co. downgraded the previous rating of Buy to Neutral. In the second quarter, HNI showed an EPS of $0.52, compared to $0.40 from the year-ago quarter. The current stock performance of HNI shows a 52-week-high of $44.50 and a 52-week-low of $32.91. Moreover, at the end of the last trading period, the closing price was at $35.32.

According to Roth Capital, the prior rating for Ring Energy Inc (AMEX:REI) was changed from Buy to Neutral. In the first quarter, Ring Energy showed an EPS of $0.22, compared to $0.07 from the year-ago quarter. At the moment, the stock has a 52-week-high of $5.09 and a 52-week-low of $2.19. Ring Energy closed at $2.81 at the end of the last trading period.

Cowen & Co. downgraded the previous rating for American Eagle Outfitters Inc (NYSE:AEO) from Outperform to Market Perform. In the first quarter, American Eagle Outfitters showed an EPS of $0.16, compared to $0.48 from the year-ago quarter. The current stock performance of American Eagle Outfitters shows a 52-week-high of $26.08 and a 52-week-low of $10.82. Moreover, at the end of the last trading period, the closing price was at $12.04.

According to UBS, the prior rating for Weber Inc (NYSE:WEBR) was changed from Neutral to Sell. At the moment, the stock has a 52-week-high of $13.09 and a 52-week-low of $5.72. Weber closed at $6.37 at the end of the last trading period.

According to DA Davidson, the prior rating for First Bancorp (NASDAQ:FBNC) was changed from Buy to Neutral. First Bancorp earned $1.03 in the second quarter, compared to $0.95 in the year-ago quarter. The stock has a 52-week-high of $48.96 and a 52-week-low of $32.90. At the end of the last trading period, First Bancorp closed at $37.88.

For Southern First Bancshares Inc (NASDAQ:SFST), DA Davidson downgraded the previous rating of Buy to Neutral. Southern First Bancshares earned $0.90 in the second quarter, compared to $1.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $65.38 and a 52-week-low of $41.83. Southern First Bancshares closed at $44.75 at the end of the last trading period.

Truist Securities downgraded the previous rating for Corcept Therapeutics Inc (NASDAQ:CORT) from Buy to Hold. For the first quarter, Corcept Therapeutics had an EPS of $0.20, compared to year-ago quarter EPS of $0.20. The current stock performance of Corcept Therapeutics shows a 52-week-high of $29.93 and a 52-week-low of $16.47. Moreover, at the end of the last trading period, the closing price was at $28.66.

According to B of A Securities, the prior rating for Portland General Electric Co (NYSE:POR) was changed from Buy to Neutral. Portland Gen Electric earned $0.72 in the second quarter, compared to $0.36 in the year-ago quarter. The stock has a 52-week-high of $57.03 and a 52-week-low of $45.02. At the end of the last trading period, Portland Gen Electric closed at $51.34.

Vertical Research downgraded the previous rating for LyondellBasell Industries NV (NYSE:LYB) from Buy to Hold. In the second quarter, LyondellBasell Industries showed an EPS of $5.19, compared to $6.13 from the year-ago quarter. The stock has a 52-week-high of $117.22 and a 52-week-low of $82.14. At the end of the last trading period, LyondellBasell Industries closed at $89.12.

According to Janney Montgomery Scott, the prior rating for Four Corners Property Trust Inc (NYSE:FCPT) was changed from Buy to Neutral. For the second quarter, Four Corners Property had an EPS of $0.41, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $30.13 and a 52-week-low of $24.24. Four Corners Property closed at $29.23 at the end of the last trading period.

For LCI Industries Inc (NYSE:LCII), DA Davidson downgraded the previous rating of Buy to Neutral. In the first quarter, LCI Indus showed an EPS of $7.71, compared to $2.93 from the year-ago quarter. The stock has a 52-week-high of $161.11 and a 52-week-low of $96.32. At the end of the last trading period, LCI Indus closed at $135.09.

For Charter Communications Inc (NASDAQ:CHTR), Barclays downgraded the previous rating of Equal-Weight to Underweight. For the second quarter, Charter Communications had an EPS of $8.80, compared to year-ago quarter EPS of $5.29. At the moment, the stock has a 52-week-high of $653.09 and a 52-week-low of $407.75. Charter Communications closed at $432.10 at the end of the last trading period.

Barclays downgraded the previous rating for Comcast Corp (NASDAQ:CMCSA) from Overweight to Equal-Weight. In the second quarter, Comcast showed an EPS of $1.01, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $52.10 and a 52-week-low of $36.57. At the end of the last trading period, Comcast closed at $37.52.

For Sirius XM Holdings Inc (NASDAQ:SIRI), Pivotal Research downgraded the previous rating of Buy to Hold. For the second quarter, Sirius XM Holdings had an EPS of $0.07, compared to year-ago quarter EPS of $0.07. At the moment, the stock has a 52-week-high of $6.88 and a 52-week-low of $5.69. Sirius XM Holdings closed at $6.68 at the end of the last trading period.

According to Citigroup, the prior rating for Celanese Corp (NYSE:CE) was changed from Buy to Neutral. In the second quarter, Celanese showed an EPS of $4.99, compared to $5.02 from the year-ago quarter. At the moment, the stock has a 52-week-high of $176.50 and a 52-week-low of $104.74. Celanese closed at $117.51 at the end of the last trading period.

For Eastman Chemical Co (NYSE:EMN), Citigroup downgraded the previous rating of Buy to Neutral. Eastman Chemical earned $2.83 in the second quarter, compared to $2.46 in the year-ago quarter. The stock has a 52-week-high of $129.47 and a 52-week-low of $84.95. At the end of the last trading period, Eastman Chemical closed at $95.93.

Bernstein downgraded the previous rating for Vodafone Group PLC (NASDAQ:VOD) from Outperform to Market Perform. NoneThe current stock performance of Vodafone Group shows a 52-week-high of $19.05 and a 52-week-low of $14.31. Moreover, at the end of the last trading period, the closing price was at $14.76.

According to Wolfe Research, the prior rating for Plains All American Pipeline LP (NASDAQ:PAA) was changed from Outperform to Peer Perform. For the first quarter, Plains All American had an EPS of $0.31, compared to year-ago quarter EPS of $0.25. The current stock performance of Plains All American shows a 52-week-high of $12.10 and a 52-week-low of $9.10. Moreover, at the end of the last trading period, the closing price was at $11.04.

According to Wolfe Research, the prior rating for Empire State Realty Trust Inc (NYSE:ESRT) was changed from Outperform to Peer Perform. For the second quarter, Empire State Realty Trust had an EPS of $0.29, compared to year-ago quarter EPS of $0.18. The current stock performance of Empire State Realty Trust shows a 52-week-high of $10.49 and a 52-week-low of $6.53. Moreover, at the end of the last trading period, the closing price was at $8.53.

Jefferies downgraded the previous rating for Bumble Inc (NASDAQ:BMBL) from Buy to Hold. Bumble earned $0.13 in the first quarter, compared to $1.69 in the year-ago quarter. The stock has a 52-week-high of $38.99 and a 52-week-low of $15.41. At the end of the last trading period, Bumble closed at $37.92.

According to Raymond James, the prior rating for Mohawk Industries Inc (NYSE:MHK) was changed from Strong Buy to Market Perform. For the second quarter, Mohawk Industries had an EPS of $4.41, compared to year-ago quarter EPS of $4.45. At the moment, the stock has a 52-week-high of $192.00 and a 52-week-low of $114.96. Mohawk Industries closed at $128.48 at the end of the last trading period.

For Stanley Black & Decker Inc (NYSE:SWK), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Stanley Black & Decker earned $1.77 in the second quarter, compared to $3.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $196.52 and a 52-week-low of $93.56. Stanley Black & Decker closed at $97.33 at the end of the last trading period.

According to Evercore ISI Group, the prior rating for Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) was changed from Outperform to In-Line. For the second quarter, Ultragenyx Pharmaceutical had an EPS of $2.26, compared to year-ago quarter EPS of $1.81. The stock has a 52-week-high of $88.12 and a 52-week-low of $45.20. At the end of the last trading period, Ultragenyx Pharmaceutical closed at $53.28.

According to Keybanc, the prior rating for Taboola.com Ltd (NASDAQ:TBLA) was changed from Overweight to Sector Weight. Taboola.com earned $0.02 in the first quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $7.90 and a 52-week-low of $2.45. Taboola.com closed at $2.62 at the end of the last trading period.

For PubMatic Inc (NASDAQ:PUBM), Keybanc downgraded the previous rating of Overweight to Sector Weight. PubMatic earned $0.14 in the first quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $34.75 and a 52-week-low of $14.73. At the end of the last trading period, PubMatic closed at $16.59.

See all analyst ratings downgrades.

Initiations

For Western Midstream Partners LP (NYSE:WES), Wolfe Research initiated coverage, by setting the current rating at Peer Perform. For the first quarter, Western Midstream had an EPS of $0.75, compared to year-ago quarter EPS of $0.44. At the moment, the stock has a 52-week-high of $29.50 and a 52-week-low of $21.69. Western Midstream closed at $26.79 at the end of the last trading period.

With a Buy rating, Maxim Group initiated coverage on Marpai Inc (NASDAQ:MRAI). The price target seems to have been set at $2.50 for Marpai. Marpai earned $0.28 in the first quarter, compared to $0.55 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.57 and a 52-week-low of $0.74. Marpai closed at $0.81 at the end of the last trading period.

With a Market Perform rating, Cowen & Co. initiated coverage on Victoria's Secret & Co (NYSE:VSCO). The price target seems to have been set at $40.00 for Victoria's Secret. In the first quarter, Victoria's Secret showed an EPS of $1.11, compared to $1.97 from the year-ago quarter. The stock has a 52-week-high of $65.20 and a 52-week-low of $26.14. At the end of the last trading period, Victoria's Secret closed at $36.96.

With a Equal-Weight rating, Morgan Stanley initiated coverage on Embecta Corp (NASDAQ:EMBC). The price target seems to have been set at $33.00 for Embecta. For the second quarter, Embecta had an EPS of $1.38, compared to year-ago quarter EPS of $1.87. The current stock performance of Embecta shows a 52-week-high of $34.17 and a 52-week-low of $23.62. Moreover, at the end of the last trading period, the closing price was at $29.43.

For eBay Inc (NASDAQ:EBAY), Needham initiated coverage, by setting the current rating at Hold. For the first quarter, eBay had an EPS of $1.05, compared to year-ago quarter EPS of $1.09. At the moment, the stock has a 52-week-high of $67.49 and a 52-week-low of $40.52. eBay closed at $48.63 at the end of the last trading period.

Barclays initiated coverage on Tarsus Pharmaceuticals Inc (NASDAQ:TARS) with an Overweight rating. The price target for Tarsus Pharmaceuticals is set to $40.00. For the first quarter, Tarsus Pharmaceuticals had an EPS of $0.98, compared to year-ago quarter EPS of $0.47. The current stock performance of Tarsus Pharmaceuticals shows a 52-week-high of $24.89 and a 52-week-low of $10.80. Moreover, at the end of the last trading period, the closing price was at $15.02.

Deutsche Bank initiated coverage on Polestar Automotive Holding UK PLC (NASDAQ:PSNY) with a Hold rating. The price target for Polestar Automotive is set to $10.00. The current stock performance of Polestar Automotive shows a 52-week-high of $13.36 and a 52-week-low of $8.61. Moreover, at the end of the last trading period, the closing price was at $8.89.

With an Outperform rating, Wolfe Research initiated coverage on Palo Alto Networks Inc (NASDAQ:PANW). The price target seems to have been set at $700.00 for Palo Alto Networks. Palo Alto Networks earned $1.79 in the third quarter, compared to $1.38 in the year-ago quarter. 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 $499.10.

With a Buy rating, HC Wainwright & Co. initiated coverage on Belite Bio Inc (NASDAQ:BLTE). The price target seems to have been set at $58.00 for Belite Bio. The stock has a 52-week-high of $44.70 and a 52-week-low of $8.80. At the end of the last trading period, Belite Bio closed at $33.60.

Cantor Fitzgerald initiated coverage on Flora Growth Corp (NASDAQ:FLGC) with a Neutral rating. The price target for Flora Growth is set to $0.85. NoneAt the moment, the stock has a 52-week-high of $2.38 and a 52-week-low of $0.59. Flora Growth closed at $0.64 at the end of the last trading period.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Clever Leaves Holdings Inc (NASDAQ:CLVR). The price target seems to have been set at $4.50 for Clever Leaves Holdings. For the first quarter, Clever Leaves Holdings had an EPS of $0.36, compared to year-ago quarter EPS of $0.55. The current stock performance of Clever Leaves Holdings shows a 52-week-high of $3.98 and a 52-week-low of $0.90. Moreover, at the end of the last trading period, the closing price was at $0.92.

See all analyst ratings initiations.