Benzinga's Top Ratings Upgrades, Downgrades For September 6, 2023

Upgrades

For MP Materials Corp (NYSE:MP), Northland Capital Markets upgraded the previous rating of Market Perform to Outperform. MP Materials earned $0.09 in the second quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $36.67 and a 52-week-low of $19.18. At the end of the last trading period, MP Materials closed at $21.53.

For Cenovus Energy Inc (NYSE:CVE), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. In the second quarter, Cenovus Energy showed an EPS of $0.33, compared to $0.93 from the year-ago quarter. The stock has a 52-week-high of $22.17 and a 52-week-low of $14.45. At the end of the last trading period, Cenovus Energy closed at $20.20.

B of A Securities upgraded the previous rating for CME Group Inc (NASDAQ:CME) from Underperform to Neutral. For the second quarter, CME Gr had an EPS of $2.30, compared to year-ago quarter EPS of $1.97. At the moment, the stock has a 52-week-high of $209.31 and a 52-week-low of $166.54. CME Gr closed at $202.53 at the end of the last trading period.

For ResMed Inc (NYSE:RMD), Needham upgraded the previous rating of Hold to Buy. In the fourth quarter, ResMed showed an EPS of $1.60, compared to $1.49 from the year-ago quarter. The current stock performance of ResMed shows a 52-week-high of $243.52 and a 52-week-low of $152.26. Moreover, at the end of the last trading period, the closing price was at $153.89.

TD Cowen upgraded the previous rating for Constellation Brands Inc (NYSE:STZ) from Market Perform to Outperform. Constellation Brands earned $2.91 in the first quarter, compared to $2.66 in the year-ago quarter. The stock has a 52-week-high of $273.65 and a 52-week-low of $208.12. At the end of the last trading period, Constellation Brands closed at $257.50.

For Toast Inc (NYSE:TOST), UBS upgraded the previous rating of Neutral to Buy. In the second quarter, Toast showed an EPS of $0.19, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $27.00 and a 52-week-low of $15.77. Toast closed at $21.67 at the end of the last trading period.

According to Baird, the prior rating for AeroVironment Inc (NASDAQ:AVAV) was changed from Neutral to Outperform. For the first quarter, AeroVironment had an EPS of $1.00, compared to year-ago quarter EPS of $0.10. The stock has a 52-week-high of $112.39 and a 52-week-low of $74.91. At the end of the last trading period, AeroVironment closed at $95.29.

According to B of A Securities, the prior rating for Adecoagro SA (NYSE:AGRO) was changed from Underperform to Neutral. Adecoagro earned $0.40 in the second quarter, compared to $0.40 in the year-ago quarter. The stock has a 52-week-high of $11.75 and a 52-week-low of $6.96. At the end of the last trading period, Adecoagro closed at $11.55.

See all analyst ratings upgrades.

Downgrades

According to Wells Fargo, the prior rating for Enbridge Inc (NYSE:ENB) was changed from Overweight to Equal-Weight. For the second quarter, Enbridge had an EPS of $0.51, compared to year-ago quarter EPS of $0.53. The stock has a 52-week-high of $43.03 and a 52-week-low of $33.96. At the end of the last trading period, Enbridge closed at $35.29.

According to UBS, the prior rating for Block Inc (NYSE:SQ) was changed from Buy to Neutral. In the second quarter, Block showed an EPS of $0.39, compared to $0.18 from the year-ago quarter. At the moment, the stock has a 52-week-high of $89.97 and a 52-week-low of $51.34. Block closed at $58.74 at the end of the last trading period.

Morgan Stanley downgraded the previous rating for Stem Inc (NYSE:STEM) from Overweight to Equal-Weight. In the second quarter, Stem showed an EPS of $0.26, compared to $0.21 from the year-ago quarter. The stock has a 52-week-high of $18.01 and a 52-week-low of $3.71. At the end of the last trading period, Stem closed at $5.01.

For Plains All American Pipeline LP (NASDAQ:PAA), Citigroup downgraded the previous rating of Buy to Neutral. Plains All American earned $0.25 in the second quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $15.49 and a 52-week-low of $10.17. At the end of the last trading period, Plains All American closed at $15.32.

According to Citigroup, the prior rating for Kinetik Holdings Inc (NYSE:KNTK) was changed from Buy to Neutral. For the second quarter, Kinetik Holdings had an EPS of $0.41, compared to year-ago quarter EPS of $0.06. The stock has a 52-week-high of $40.59 and a 52-week-low of $26.32. At the end of the last trading period, Kinetik Holdings closed at $33.86.

See all analyst ratings downgrades.

Initiations

Argus Research initiated coverage on Kenvue Inc (NYSE:KVUE) with a Hold rating. For the second quarter, Kenvue had an EPS of $0.32, compared to year-ago quarter EPS of $0.43. The current stock performance of Kenvue shows a 52-week-high of $27.80 and a 52-week-low of $22.36. Moreover, at the end of the last trading period, the closing price was at $22.61.

Barclays initiated coverage on Intapp Inc (NASDAQ:INTA) with an Overweight rating. The price target for Intapp is set to $43.00. The stock has a 52-week-high of $50.46 and a 52-week-low of $13.70. At the end of the last trading period, Intapp closed at $37.98.

HSBC initiated coverage on LivaNova PLC (NASDAQ:LIVN) with a Hold rating. The price target for LivaNova is set to $52.00. In the second quarter, LivaNova showed an EPS of $0.78, compared to $0.53 from the year-ago quarter. The stock has a 52-week-high of $59.86 and a 52-week-low of $40.26. At the end of the last trading period, LivaNova closed at $54.41.

See all analyst ratings initiations.

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