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

Upgrades

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.

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.

See all analyst ratings upgrades.

Downgrades

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.

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 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.

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.

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.

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 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 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.

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 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.

See all analyst ratings initiations.

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