Benzinga's Top Ratings Upgrades, Downgrades For July 13, 2023

Upgrades

Keefe, Bruyette & Woods upgraded the previous rating for Lazard Ltd (NYSE:LAZ) from Underperform to Market Perform. Lazard earned $0.26 in the first quarter, compared to $1.05 in 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 $34.12.

For Meta Platforms Inc (NASDAQ:META), TD Cowen upgraded the previous rating of Market Perform to Outperform. In the first quarter, Meta Platforms showed an EPS of $2.20, compared to $2.72 from the year-ago quarter. The stock has a 52-week-high of $309.45 and a 52-week-low of $88.10. At the end of the last trading period, Meta Platforms closed at $309.34.

See all analyst ratings upgrades.

Downgrades

For CryoPort Inc (NASDAQ:CYRX), SVB Leerink downgraded the previous rating of Outperform to Market Perform. CryoPort earned $0.16 in the first quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $45.34 and a 52-week-low of $15.75. At the end of the last trading period, CryoPort closed at $19.40.

According to WestPark Capital, the prior rating for IonQ Inc (NYSE:IONQ) was changed from Buy to Hold. In the first quarter, IonQ showed an EPS of $0.14, compared to $0.09 from the year-ago quarter. The stock has a 52-week-high of $15.07 and a 52-week-low of $3.04. At the end of the last trading period, IonQ closed at $14.72.

JP Morgan downgraded the previous rating for Carvana Co (NYSE:CVNA) from Neutral to Underweight. In the first quarter, Carvana showed an EPS of $1.51, compared to $2.89 from the year-ago quarter. The stock has a 52-week-high of $58.01 and a 52-week-low of $3.56. At the end of the last trading period, Carvana closed at $38.89.

Morgan Stanley downgraded the previous rating for SoFi Technologies Inc (NASDAQ:SOFI) from Equal-Weight to Underweight. For the first quarter, SoFi Techs had an EPS of $0.05, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $10.23 and a 52-week-low of $4.25. At the end of the last trading period, SoFi Techs closed at $9.20.

According to Stifel, the prior rating for The Scotts Miracle Gro Co (NYSE:SMG) was changed from Buy to Hold. In the second quarter, Scotts Miracle Gro showed an EPS of $3.78, compared to $5.03 from the year-ago quarter. The stock has a 52-week-high of $89.95 and a 52-week-low of $39.06. At the end of the last trading period, Scotts Miracle Gro closed at $71.57.

For Engagesmart Inc (NYSE:ESMT), Goldman Sachs downgraded the previous rating of Buy to Neutral. In the first quarter, Engagesmart showed an EPS of $0.02, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.56 and a 52-week-low of $15.01. Engagesmart closed at $19.58 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Benchmark initiated coverage on Permian Resources Corp (NYSE:PR) with a Buy rating. The price target for Permian Resources is set to $14.00. The current stock performance of Permian Resources shows a 52-week-high of $12.05 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $11.45.

See all analyst ratings initiations.

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