Benzinga's Top Ratings Upgrades, Downgrades For June 22, 2022

Upgrades

According to JP Morgan, the prior rating for Welltower OP LLC (NYSE:WELL) was changed from Neutral to Overweight. Welltower OP earned $0.82 in the first quarter, compared to $0.80 in the year-ago quarter. At the moment, the stock has a 52-week-high of $99.43 and a 52-week-low of $76.56. Welltower OP closed at $78.68 at the end of the last trading period.

For The Kraft Heinz Co (NASDAQ:KHC), BMO Capital upgraded the previous rating of Market Perform to Outperform. For the first quarter, Kraft Heinz had an EPS of $0.60, compared to year-ago quarter EPS of $0.72. The stock has a 52-week-high of $44.87 and a 52-week-low of $32.78. At the end of the last trading period, Kraft Heinz closed at $36.61.

Piper Sandler upgraded the previous rating for Palomar Holdings Inc (NASDAQ:PLMR) from Neutral to Overweight. In the first quarter, Palomar Hldgs showed an EPS of $0.68, compared to $0.73 from the year-ago quarter. The stock has a 52-week-high of $97.18 and a 52-week-low of $44.01. At the end of the last trading period, Palomar Hldgs closed at $56.78.

See all analyst ratings upgrades.

Downgrades

For Nike Inc (NYSE:NKE), Seaport Global downgraded the previous rating of Buy to Neutral. Nike earned $0.87 in the third quarter, compared to $0.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $179.10 and a 52-week-low of $103.46. Nike closed at $108.68 at the end of the last trading period.

For Anthem Inc (NYSE:ANTM), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Anthem earned $8.25 in the first quarter, compared to $7.01 in the year-ago quarter. The stock has a 52-week-high of $533.68 and a 52-week-low of $355.43. At the end of the last trading period, Anthem closed at $460.76.

For GMS Inc (NYSE:GMS), RBC Capital downgraded the previous rating of Outperform to Sector Perform. GMS earned $1.74 in the third quarter, compared to $0.60 in the year-ago quarter. The stock has a 52-week-high of $61.79 and a 52-week-low of $39.19. At the end of the last trading period, GMS closed at $39.87.

For Dow Inc (NYSE:DOW), Credit Suisse downgraded the previous rating of Neutral to Underperform. In the first quarter, Dow showed an EPS of $2.34, compared to $1.36 from the year-ago quarter. The stock has a 52-week-high of $71.86 and a 52-week-low of $52.07. At the end of the last trading period, Dow closed at $54.95.

See all analyst ratings downgrades.

Initiations

B of A Securities initiated coverage on Holley Inc (NYSE:HLLY) with a Buy rating. The price target for Holley is set to $13.00. At the moment, the stock has a 52-week-high of $14.68 and a 52-week-low of $8.23. Holley closed at $10.07 at the end of the last trading period.

With a Buy rating, Johnson Rice initiated coverage on ProFrac Holding Corp (NASDAQ:PFHC). The price target seems to have been set at $31.00 for ProFrac Holding. The current stock performance of ProFrac Holding shows a 52-week-high of $23.62 and a 52-week-low of $16.75. Moreover, at the end of the last trading period, the closing price was at $21.49.

See all analyst ratings initiations.

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