Benzinga's Top Ratings Upgrades, Downgrades For August 18, 2022 - Enact Holdings (NASDAQ:ACT), Analog Devices (NASDAQ:ADI)

Upgrades

According to Argus Research, the prior rating for Celestica Inc CLS was changed from Hold to Buy. For the second quarter, Celestica had an EPS of $0.44, compared to year-ago quarter EPS of $0.30. At the moment, the stock has a 52-week-high of $13.40 and a 52-week-low of $9.12. Celestica closed at $11.32 at the end of the last trading period.
For Radian Group Inc RDN, B of A Securities upgraded the previous rating of Underperform to Neutral. Radian Group earned $1.36 in the second quarter, compared to $0.75 in the year-ago quarter. The current stock performance of Radian Group shows a 52-week-high of $24.84 and a 52-week-low of $17.97. Moreover, at the end of the last trading period, the closing price was at $23.32.
According to B of A Securities, the prior rating for MGIC Investment Corp MTG was changed from Neutral to Buy. In the second quarter, MGIC Investment showed an EPS of $0.81, compared to $0.44 from the year-ago quarter. The current stock performance of MGIC Investment shows a 52-week-high of $16.84 and a 52-week-low of $11.38. Moreover, at the end of the last trading period, the closing price was at $15.35.
HSBC upgraded the previous rating for Essential Utilities Inc WTRG from Hold to Buy. Essential Utilities earned $0.31 in the second quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.66 and a 52-week-low of $40.97. Essential Utilities closed at $51.91 at the end of the last trading period.
According to Goldman Sachs, the prior rating for Calumet Specialty Products Partners LP CLMT was changed from Neutral to Buy. In the second quarter, Calumet Specialty showed an EPS of $0.19, compared to $0.97 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.25 and a 52-week-low of $8.40. Calumet Specialty closed at $16.68 at the end of the last trading period.
Morgan Stanley upgraded the previous rating for First Solar Inc FSLR from Underweight to Equal-Weight. In the second quarter, First Solar showed an EPS of $0.52, compared to $0.77 from the year-ago quarter. At the moment, the stock has a 52-week-high of $121.91 and a 52-week-low of $59.60. First Solar closed at $116.30 at the end of the last trading period.
Benchmark upgraded the previous rating for AeroClean Technologies Inc AERC from Hold to Speculative Buy. In the second quarter, AeroClean Technologies showed an EPS of $0.23, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $23.70 and a 52-week-low of $1.76. At the end of the last trading period, AeroClean Technologies closed at $4.52.
Piper Sandler upgraded the previous rating for First Bancorp FBNC from Neutral to Overweight. In the second quarter, First Bancorp showed an EPS of $1.03, compared to $0.95 from 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 $38.61.

See all analyst ratings upgrades.

Downgrades

MoffettNathanson downgraded the previous rating for Verizon Communications Inc VZ from Market Perform to Underperform. In the second quarter, Verizon Communications showed an EPS of $1.31, compared to $1.37 from the year-ago quarter. The current stock performance of Verizon Communications shows a 52-week-high of $55.51 and a 52-week-low of $43.77. Moreover, at the end of the last trading period, the closing price was at $45.34.
Northcoast Research downgraded the previous rating for World Wrestling Entertainment Inc WWE from Buy to Neutral. World Wrestling Enter earned $0.59 in the second quarter, compared to $0.42 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.23 and a 52-week-low of $47.71. World Wrestling Enter closed at $71.81 at the end of the last trading period.
For American Axle & Mfg Holdings Inc AXL, Wolfe Research downgraded the previous rating of Outperform to Peer Perform. American Axle & Mfg Hldgs earned $0.22 in the second quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $11.96 and a 52-week-low of $6.36. At the end of the last trading period, American Axle & Mfg Hldgs closed at $11.40.
Bernstein downgraded the previous rating for United Rentals Inc URI from Market Perform to Underperform. For the second quarter, United Rentals had an EPS of $7.86, compared to year-ago quarter EPS of $4.66. At the moment, the stock has a 52-week-high of $368.61 and a 52-week-low of $230.54. United Rentals closed at $331.38 at the end of the last trading period.
For Krispy Kreme Inc DNUT, Evercore ISI Group downgraded the previous rating of Outperform to In-Line. Krispy Kreme earned $0.08 in the second quarter, compared to $0.13 in the year-ago quarter. At the moment, the stock has a 52-week-high of $19.41 and a 52-week-low of $11.98. Krispy Kreme closed at $12.76 at the end of the last trading period.
Argus Research downgraded the previous rating for Wolverine World Wide Inc WWW from Buy to Hold. For the second quarter, Wolverine World Wide had an EPS of $0.66, compared to year-ago quarter EPS of $0.67. The current stock performance of Wolverine World Wide shows a 52-week-high of $29.75 and a 52-week-low of $16.65. Moreover, at the end of the last trading period, the closing price was at $22.68.
For Bed Bath & Beyond Inc BBBY, Wedbush downgraded the previous rating of Neutral to Underperform. For the first quarter, Bed Bath & Beyond had an EPS of $2.83, compared to year-ago quarter EPS of $0.05. The stock has a 52-week-high of $30.06 and a 52-week-low of $4.38. At the end of the last trading period, Bed Bath & Beyond closed at $23.08.
According to Raymond James, the prior rating for Clarus Corp CLAR was changed from Outperform to Market Perform. Clarus earned $0.33 in the second quarter, compared to $0.20 in the year-ago quarter. The stock has a 52-week-high of $29.28 and a 52-week-low of $17.43. At the end of the last trading period, Clarus closed at $29.19.
Goldman Sachs downgraded the previous rating for Par Pacific Holdings Inc PARR from Buy to Neutral. Par Pacific Hldgs earned $3.31 in the second quarter, compared to $0.81 in the year-ago quarter. The current stock performance of Par Pacific Hldgs shows a 52-week-high of $21.10 and a 52-week-low of $11.66. Moreover, at the end of the last trading period, the closing price was at $19.10.
According to B of A Securities, the prior rating for Hawaiian Electric Industries Inc HE was changed from Neutral to Underperform. For the second quarter, Hawaiian Electric Indus had an EPS of $0.48, compared to year-ago quarter EPS of $0.58. At the moment, the stock has a 52-week-high of $44.72 and a 52-week-low of $38.18. Hawaiian Electric Indus closed at $43.28 at the end of the last trading period.
According to B of A Securities, the prior rating for Enact Holdings Inc ACT was changed from Neutral to Underperform. The stock has a 52-week-high of $27.68 and a 52-week-low of $19.21. At the end of the last trading period, Enact Holdings closed at $27.66.
For Analog Devices Inc ADI, Needham downgraded the previous rating of Buy to Hold. Analog Devices earned $2.52 in the third quarter, compared to $1.72 in the year-ago quarter. The current stock performance of Analog Devices shows a 52-week-high of $180.01 and a 52-week-low of $138.50. Moreover, at the end of the last trading period, the closing price was at $170.13.
JMP Securities downgraded the previous rating for Franklin BSP Realty Trust Inc FBRT from Market Outperform to Market Perform. Franklin BSP Realty Trust earned $0.29 in the second quarter, compared to $0.57 in the year-ago quarter. The current stock performance of Franklin BSP Realty Trust shows a 52-week-high of $16.20 and a 52-week-low of $12.45. Moreover, at the end of the last trading period, the closing price was at $15.39.
Morgan Stanley downgraded the previous rating for Elanco Animal Health Inc ELAN from Overweight to Equal-Weight. Elanco Animal Health earned $0.36 in the second quarter, compared to $0.28 in the year-ago quarter. The current stock performance of Elanco Animal Health shows a 52-week-high of $29.66 and a 52-week-low of $18.38. Moreover, at the end of the last trading period, the closing price was at $18.85.
According to Morgan Stanley, the prior rating for Array Technologies Inc ARRY was changed from Equal-Weight to Underweight. In the second quarter, Array Technologies showed an EPS of $0.09, compared to $0.07 from the year-ago quarter. The current stock performance of Array Technologies shows a 52-week-high of $24.00 and a 52-week-low of $5.45. Moreover, at the end of the last trading period, the closing price was at $21.50.
Goldman Sachs downgraded the previous rating for 10x Genomics Inc TXG from Neutral to Sell. In the second quarter, 10x Genomics showed an EPS of $0.57, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $150.00 and a 52-week-low of $33.30. At the end of the last trading period, 10x Genomics closed at $42.89.
According to Stifel, the prior rating for PerkinElmer Inc PKI was changed from Buy to Hold. For the second quarter, PerkinElmer had an EPS of $2.32, compared to year-ago quarter EPS of $2.83. The stock has a 52-week-high of $201.05 and a 52-week-low of $130.65. At the end of the last trading period, PerkinElmer closed at $150.74.
For Stronghold Digital Mining Inc SDIG, Cowen & Co. downgraded the previous rating of Outperform to Market Perform. The stock has a 52-week-high of $14.43 and a 52-week-low of $1.46. At the end of the last trading period, Stronghold Digital Mining closed at $2.38.
According to RBC Capital, the prior rating for DCP Midstream LP DCP was changed from Outperform to Sector Perform. In the second quarter, DCP Midstream showed an EPS of $1.77, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $39.54 and a 52-week-low of $25.79. At the end of the last trading period, DCP Midstream closed at $34.75.
DA Davidson downgraded the previous rating for Jack Henry & Associates Inc JKHY from Buy to Neutral. Jack Henry & Associates earned $1.10 in the fourth quarter, compared to $1.04 in the year-ago quarter. The current stock performance of Jack Henry & Associates shows a 52-week-high of $212.62 and a 52-week-low of $155.44. Moreover, at the end of the last trading period, the closing price was at $197.30.
According to Credit Suisse, the prior rating for Principal Financial Group Inc PFG was changed from Outperform to Neutral. Principal Finl Gr earned $1.65 in the second quarter, compared to $1.70 in the year-ago quarter. The stock has a 52-week-high of $80.36 and a 52-week-low of $61.05. At the end of the last trading period, Principal Finl Gr closed at $78.72.
Keybanc downgraded the previous rating for Brinker International Inc EAT from Overweight to Sector Weight. Brinker International earned $0.92 in the third quarter, compared to $0.78 in the year-ago quarter. The stock has a 52-week-high of $44.03 and a 52-week-low of $21.47. At the end of the last trading period, Brinker International closed at $32.81.

See all analyst ratings downgrades.

Initiations

For Carvana Co CVNA, Argus Research initiated coverage, by setting the current rating at Hold. Carvana earned $2.35 in the second quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Carvana shows a 52-week-high of $240.58 and a 52-week-low of $19.45. Moreover, at the end of the last trading period, the closing price was at $49.62.
JP Morgan initiated coverage on ESAB Corp ESAB with an Overweight rating. The price target for ESAB is set to $55.00. At the moment, the stock has a 52-week-high of $58.08 and a 52-week-low of $39.12. ESAB closed at $44.04 at the end of the last trading period.
With a Buy rating, Guggenheim initiated coverage on NuScale Power Corp SMR. The price target seems to have been set at $18.00 for NuScale Power. In the second quarter, NuScale Power showed an EPS of $0.08, compared to $0.10 from the year-ago quarter. The stock has a 52-week-high of $15.85 and a 52-week-low of $8.87. At the end of the last trading period, NuScale Power closed at $13.02.
Piper Sandler initiated coverage on Freshpet Inc FRPT with an Overweight rating. The price target for Freshpet is set to $69.00. In the second quarter, Freshpet showed an EPS of $0.45, compared to $0.17 from the year-ago quarter. At the moment, the stock has a 52-week-high of $118.77 and a 52-week-low of $45.23. Freshpet closed at $47.00 at the end of the last trading period.
With a Neutral rating, Citigroup initiated coverage on Enhabit Inc EHAB. The price target seems to have been set at $17.00 for Enhabit. At the moment, the stock has a 52-week-high of $23.51 and a 52-week-low of $11.65. Enhabit closed at $14.30 at the end of the last trading period.
With a Neutral rating, JP Morgan initiated coverage on Ivanhoe Electric Inc IE. The price target seems to have been set at $12.00 for Ivanhoe Electric. Ivanhoe Electric earned $0.85 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $12.04 and a 52-week-low of $7.01. At the end of the last trading period, Ivanhoe Electric closed at $9.73.
Raymond James initiated coverage on Westinghouse Air Brake Technologies Corp WAB with an Outperform rating. The price target for Westinghouse Air Brake is set to $103.00. For the second quarter, Westinghouse Air Brake had an EPS of $1.23, compared to year-ago quarter EPS of $1.06. At the moment, the stock has a 52-week-high of $100.05 and a 52-week-low of $78.26. Westinghouse Air Brake closed at $94.64 at the end of the last trading period.
Deutsche Bank initiated coverage on American Woodmark Corp AMWD with a Sell rating. The price target for American Woodmark is set to $45.00. For the fourth quarter, American Woodmark had an EPS of $1.38, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $68.48 and a 52-week-low of $40.70. At the end of the last trading period, American Woodmark closed at $53.79.
With a Buy rating, Deutsche Bank initiated coverage on Armstrong World Industries Inc AWI. The price target seems to have been set at $125.00 for Armstrong World Indus. In the second quarter, Armstrong World Indus showed an EPS of $1.29, compared to $1.16 from the year-ago quarter. The current stock performance of Armstrong World Indus shows a 52-week-high of $117.64 and a 52-week-low of $73.25. Moreover, at the end of the last trading period, the closing price was at $93.24.
Deutsche Bank initiated coverage on The AZEK Co Inc AZEK with a Buy rating. The price target for AZEK Co is set to $29.00. AZEK Co earned $0.29 in the third quarter, compared to $0.26 in the year-ago quarter. The stock has a 52-week-high of $46.56 and a 52-week-low of $15.52. At the end of the last trading period, AZEK Co closed at $21.34.
Deutsche Bank initiated coverage on Beacon Roofing Supply Inc BECN with a Buy rating. The price target for Beacon Roofing Supply is set to $90.00. For the third quarter, Beacon Roofing Supply had an EPS of $2.80, compared to year-ago quarter EPS of $1.60. At the moment, the stock has a 52-week-high of $65.30 and a 52-week-low of $45.71. Beacon Roofing Supply closed at $60.43 at the end of the last trading period.
With a Hold rating, Deutsche Bank initiated coverage on TopBuild Corp BLD. The price target seems to have been set at $236.00 for TopBuild. In the second quarter, TopBuild showed an EPS of $4.43, compared to $2.76 from the year-ago quarter. The current stock performance of TopBuild shows a 52-week-high of $280.83 and a 52-week-low of $150.72. Moreover, at the end of the last trading period, the closing price was at $202.06.
Deutsche Bank initiated coverage on Core & Main Inc CNM with a Buy rating. The price target for Core & Main is set to $40.00. The stock has a 52-week-high of $32.54 and a 52-week-low of $20.00. At the end of the last trading period, Core & Main closed at $24.22.
Deutsche Bank initiated coverage on Masonite International Corp DOOR with a Buy rating. The price target for Masonite International is set to $135.00. Masonite International earned $2.58 in the second quarter, compared to $2.23 in the year-ago quarter. The stock has a 52-week-high of $119.32 and a 52-week-low of $69.41. At the end of the last trading period, Masonite International closed at $91.13.
Deutsche Bank initiated coverage on Fortune Brands Home & Security Inc FBHS with a Buy rating. The price target for Fortune Brands Home is set to $100.00. Fortune Brands Home earned $1.67 in the second quarter, compared to $1.56 in the year-ago quarter. The current stock performance of Fortune Brands Home shows a 52-week-high of $108.41 and a 52-week-low of $56.86. Moreover, at the end of the last trading period, the closing price was at $68.30.
With a Hold rating, Deutsche Bank initiated coverage on Installed Building Products Inc IBP. The price target seems to have been set at $108.00 for Installed Building Prods. Installed Building Prods earned $2.48 in the second quarter, compared to $1.59 in the year-ago quarter. The stock has a 52-week-high of $140.72 and a 52-week-low of $69.44. At the end of the last trading period, Installed Building Prods closed at $103.97.
Deutsche Bank initiated coverage on JELD-WEN Holding Inc JELD with a Hold rating. The price target for JELD-WEN Holding is set to $15.00. JELD-WEN Holding earned $0.57 in the second quarter, compared to $0.59 in the year-ago quarter. The current stock performance of JELD-WEN Holding shows a 52-week-high of $27.59 and a 52-week-low of $12.12. Moreover, at the end of the last trading period, the closing price was at $13.20.
With a Hold rating, Deutsche Bank initiated coverage on Masco Corp MAS. The price target seems to have been set at $61.00 for Masco. Masco earned $1.14 in the second quarter, compared to $1.14 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.06 and a 52-week-low of $46.27. Masco closed at $56.29 at the end of the last trading period.
Deutsche Bank initiated coverage on Mohawk Industries Inc MHK with a Hold rating. The price target for Mohawk Industries is set to $122.00. In the second quarter, Mohawk Industries showed an EPS of $4.41, compared to $4.45 from the year-ago quarter. 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 $122.78 at the end of the last trading period.
With a Hold rating, Deutsche Bank initiated coverage on Owens-Corning Inc OC. The price target seems to have been set at $103.00 for Owens-Corning. Owens-Corning earned $3.83 in the second quarter, compared to $2.60 in the year-ago quarter. The stock has a 52-week-high of $101.12 and a 52-week-low of $72.97. At the end of the last trading period, Owens-Corning closed at $91.39.
With a Buy rating, Deutsche Bank initiated coverage on PGT Innovations Inc PGTI. The price target seems to have been set at $38.00 for PGT Innovations. For the second quarter, PGT Innovations had an EPS of $0.67, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $23.36 and a 52-week-low of $15.42. At the end of the last trading period, PGT Innovations closed at $22.07.
With a Hold rating, Deutsche Bank initiated coverage on Pool Corp POOL. The price target seems to have been set at $431.00 for Pool. In the second quarter, Pool showed an EPS of $7.63, compared to $6.37 from the year-ago quarter. The current stock performance of Pool shows a 52-week-high of $566.00 and a 52-week-low of $324.14. Moreover, at the end of the last trading period, the closing price was at $386.63.
With a Buy rating, Deutsche Bank initiated coverage on SiteOne Landscape Supply Inc SITE. The price target seems to have been set at $189.00 for SiteOne Landscape Supply. For the second quarter, SiteOne Landscape Supply had an EPS of $3.07, compared to year-ago quarter EPS of $2.70. The current stock performance of SiteOne Landscape Supply shows a 52-week-high of $246.02 and a 52-week-low of $108.77. Moreover, at the end of the last trading period, the closing price was at $139.12.
With a Buy rating, Deutsche Bank initiated coverage on Trex Co Inc TREX. The price target seems to have been set at $87.00 for Trex Co. In the second quarter, Trex Co showed an EPS of $0.79, compared to $0.53 from the year-ago quarter. At the moment, the stock has a 52-week-high of $136.78 and a 52-week-low of $49.31. Trex Co closed at $53.60 at the end of the last trading period.
With a Buy rating, Deutsche Bank initiated coverage on Advanced Drainage Systems Inc WMS. The price target seems to have been set at $182.00 for Advanced Drainage Systems. In the first quarter, Advanced Drainage Systems showed an EPS of $2.22, compared to $0.87 from the year-ago quarter. The current stock performance of Advanced Drainage Systems shows a 52-week-high of $153.36 and a 52-week-low of $80.81. Moreover, at the end of the last trading period, the closing price was at $143.72.
With a Hold rating, Deutsche Bank initiated coverage on Watsco Inc WSO. The price target seems to have been set at $311.00 for Watsco. In the second quarter, Watsco showed an EPS of $4.93, compared to $3.71 from the year-ago quarter. The stock has a 52-week-high of $316.05 and a 52-week-low of $220.68. At the end of the last trading period, Watsco closed at $304.39.
Deutsche Bank initiated coverage on Watts Water Technologies Inc WTS with a Buy rating. The price target for Watts Water Technologies is set to $192.00. Watts Water Technologies earned $2.11 in the second quarter, compared to $1.48 in the year-ago quarter. The current stock performance of Watts Water Technologies shows a 52-week-high of $195.60 and a 52-week-low of $116.31. Moreover, at the end of the last trading period, the closing price was at $154.19.
Wolfe Research initiated coverage on Casey's General Stores Inc CASY with an Outperform rating. The price target for Casey's General Stores is set to $228.00. Casey's General Stores earned $1.60 in the fourth quarter, compared to $1.12 in the year-ago quarter. The current stock performance of Casey's General Stores shows a 52-week-high of $216.40 and a 52-week-low of $170.82. Moreover, at the end of the last trading period, the closing price was at $212.85.

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