Benzinga's Top Ratings Upgrades, Downgrades For June 23, 2023

Upgrades

According to TD Cowen, the prior rating for Neste Corp (OTC:NTOIY) was changed from Underperform to Market Perform. The current stock performance of Neste shows a 52-week-high of $26.03 and a 52-week-low of $18.70. Moreover, at the end of the last trading period, the closing price was at $19.00.

For Wayfair Inc (NYSE:W), MoffettNathanson upgraded the previous rating of Underperform to Market Perform. For the first quarter, Wayfair had an EPS of $1.13, compared to year-ago quarter EPS of $1.96. At the moment, the stock has a 52-week-high of $76.28 and a 52-week-low of $28.13. Wayfair closed at $57.09 at the end of the last trading period.

Morgan Stanley upgraded the previous rating for Evotec SE (NASDAQ:EVO) from Equal-Weight to Overweight. For the fourth quarter, Evotec had an EPS of $0.08, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $15.04 and a 52-week-low of $7.80. At the end of the last trading period, Evotec closed at $11.21.

According to Raymond James, the prior rating for Ventas Inc (NYSE:VTR) was changed from Outperform to Strong Buy. Ventas earned $0.74 in the first quarter, compared to $0.79 in the year-ago quarter. The stock has a 52-week-high of $54.11 and a 52-week-low of $35.34. At the end of the last trading period, Ventas closed at $44.49.

See all analyst ratings upgrades.

Downgrades

According to Wells Fargo, the prior rating for Under Armour Inc (NYSE:UAA) was changed from Overweight to Equal-Weight. The stock has a 52-week-high of $13.04 and a 52-week-low of $6.39. At the end of the last trading period, Under Armour closed at $7.35.

Jefferies downgraded the previous rating for Reinsurance Group of America Inc (NYSE:RGA) from Buy to Hold. For the first quarter, Reinsurance Gr had an EPS of $5.16, compared to year-ago quarter EPS of $0.47. The stock has a 52-week-high of $153.35 and a 52-week-low of $110.74. At the end of the last trading period, Reinsurance Gr closed at $142.26.

Raymond James downgraded the previous rating for Welltower Inc (NYSE:WELL) from Strong Buy to Outperform. In the first quarter, Welltower showed an EPS of $0.85, compared to $0.82 from the year-ago quarter. At the moment, the stock has a 52-week-high of $86.83 and a 52-week-low of $56.54. Welltower closed at $78.46 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Piper Sandler initiated coverage on Stem Inc (NYSE:STEM) with a Neutral rating. The price target for Stem is set to $6.00. For the first quarter, Stem had an EPS of $0.29, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $18.01 and a 52-week-low of $3.71. Stem closed at $5.53 at the end of the last trading period.

See all analyst ratings initiations.

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