Benzinga's Top Ratings Upgrades, Downgrades For July 12, 2023

Upgrades

For STMicroelectronics NV (NYSE:STM), Jefferies upgraded the previous rating of Underperform to Hold. STMicroelectronics earned $1.10 in the first quarter, compared to $0.79 in the year-ago quarter. At the moment, the stock has a 52-week-high of $53.53 and a 52-week-low of $29.09. STMicroelectronics closed at $49.40 at the end of the last trading period.

According to B of A Securities, the prior rating for Stellantis NV (NYSE:STLA) was changed from Neutral to Buy. NoneThe current stock performance of Stellantis shows a 52-week-high of $18.97 and a 52-week-low of $11.46. Moreover, at the end of the last trading period, the closing price was at $18.00.

According to Odeon Capital, the prior rating for Morgan Stanley (NYSE:MS) was changed from Hold to Buy. In the first quarter, Morgan Stanley showed an EPS of $1.70, compared to $2.06 from the year-ago quarter. The stock has a 52-week-high of $100.99 and a 52-week-low of $72.07. At the end of the last trading period, Morgan Stanley closed at $84.96.

According to Goldman Sachs, the prior rating for Marathon Oil Corp (NYSE:MRO) was changed from Sell to Neutral. In the first quarter, Marathon Oil showed an EPS of $0.67, compared to $1.02 from the year-ago quarter. The stock has a 52-week-high of $33.42 and a 52-week-low of $19.42. At the end of the last trading period, Marathon Oil closed at $24.33.

Raymond James upgraded the previous rating for SunPower Corp (NASDAQ:SPWR) from Outperform to Strong Buy. SunPower earned $0.07 in the first quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $28.33 and a 52-week-low of $8.99. At the end of the last trading period, SunPower closed at $9.52.

Jefferies upgraded the previous rating for CACI International Inc (NYSE:CACI) from Hold to Buy. For the third quarter, CACI International had an EPS of $4.92, compared to year-ago quarter EPS of $4.64. The stock has a 52-week-high of $348.49 and a 52-week-low of $246.50. At the end of the last trading period, CACI International closed at $347.87.

B of A Securities upgraded the previous rating for Holley Inc (NYSE:HLLY) from Neutral to Buy. Holley earned $0.05 in the first quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Holley shows a 52-week-high of $12.67 and a 52-week-low of $1.89. Moreover, at the end of the last trading period, the closing price was at $4.40.

According to Loop Capital, the prior rating for TJX Companies Inc (NYSE:TJX) was changed from Hold to Buy. In the first quarter, TJX Companies showed an EPS of $0.76, compared to $0.68 from the year-ago quarter. The stock has a 52-week-high of $85.22 and a 52-week-low of $57.78. At the end of the last trading period, TJX Companies closed at $84.74.

According to JP Morgan, the prior rating for Holley Inc (NYSE:HLLY) was changed from Neutral to Overweight. In the first quarter, Holley showed an EPS of $0.05, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $12.67 and a 52-week-low of $1.89. At the end of the last trading period, Holley closed at $4.40.

Baird upgraded the previous rating for Sealed Air Corp (NYSE:SEE) from Neutral to Outperform. Sealed Air earned $0.74 in the first quarter, compared to $1.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $62.12 and a 52-week-low of $37.34. Sealed Air closed at $42.89 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Lazard Ltd (NYSE:LAZ) was changed from Equal-Weight to Overweight. In the first quarter, Lazard showed an EPS of $0.26, compared to $1.05 from the year-ago quarter. The stock has a 52-week-high of $43.44 and a 52-week-low of $27.71. At the end of the last trading period, Lazard closed at $32.74.

See all analyst ratings upgrades.

Downgrades

According to OTR Global, the prior rating for Atlassian Corp (NASDAQ:TEAM) was changed from Positive to Mixed. In the third quarter, Atlassian showed an EPS of $0.54, compared to $0.47 from the year-ago quarter. The stock has a 52-week-high of $300.28 and a 52-week-low of $113.86. At the end of the last trading period, Atlassian closed at $174.52.

For APA Corp (NASDAQ:APA), Goldman Sachs downgraded the previous rating of Neutral to Sell. APA earned $1.19 in the first quarter, compared to $1.92 in the year-ago quarter. The stock has a 52-week-high of $50.58 and a 52-week-low of $30.15. At the end of the last trading period, APA closed at $37.28.

According to Credit Suisse, the prior rating for ReNew Energy Global PLC (NASDAQ:RNW) was changed from Outperform to Neutral. The stock has a 52-week-high of $7.69 and a 52-week-low of $4.04. At the end of the last trading period, ReNew Energy Glb closed at $5.58.

According to Wolfe Research, the prior rating for RXO Inc (NYSE:RXO) was changed from Peer Perform to Underperform. RXO earned $0.11 in the first quarter, compared to $0.39 in the year-ago quarter. At the moment, the stock has a 52-week-high of $23.74 and a 52-week-low of $14.75. RXO closed at $21.96 at the end of the last trading period.

According to DA Davidson, the prior rating for Redfin Corp (NASDAQ:RDFN) was changed from Neutral to Underperform. For the first quarter, Redfin had an EPS of $0.93, compared to year-ago quarter EPS of $0.81. The stock has a 52-week-high of $15.62 and a 52-week-low of $3.08. At the end of the last trading period, Redfin closed at $15.54.

Wolfe Research downgraded the previous rating for UMH Properties Inc (NYSE:UMH) from Outperform to Peer Perform. For the first quarter, UMH Properties had an EPS of $0.20, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $21.44 and a 52-week-low of $13.73. At the end of the last trading period, UMH Properties closed at $16.71.

See all analyst ratings downgrades.

Initiations

UBS initiated coverage on Suncor Energy Inc (NYSE:SU) with a Buy rating. The price target for Suncor Energy is set to $48.00. Suncor Energy earned $1.01 in the first quarter, compared to $1.52 in the year-ago quarter. The stock has a 52-week-high of $37.22 and a 52-week-low of $26.44. At the end of the last trading period, Suncor Energy closed at $29.48.

Goldman Sachs initiated coverage on Ncino Inc (NASDAQ:NCNO) with a Neutral rating. The price target for Ncino is set to $32.00. Ncino earned $0.07 in the first quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.45 and a 52-week-low of $19.58. Ncino closed at $30.86 at the end of the last trading period.

Keybanc initiated coverage on Alpha Teknova Inc (NASDAQ:TKNO) with a Sector Weight rating. Alpha Teknova earned $0.31 in the first quarter, compared to $0.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.27 and a 52-week-low of $1.62. Alpha Teknova closed at $2.87 at the end of the last trading period.

See all analyst ratings initiations.

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