Benzinga's Top Ratings Upgrades, Downgrades For July 25, 2023

Upgrades

BTIG upgraded the previous rating for Zscaler Inc (NASDAQ:ZS) from Neutral to Buy. Zscaler earned $0.48 in the third quarter, compared to $0.17 in the year-ago quarter. The current stock performance of Zscaler shows a 52-week-high of $194.07 and a 52-week-low of $84.93. Moreover, at the end of the last trading period, the closing price was at $148.33.

For Walmart Inc (NYSE:WMT), Piper Sandler upgraded the previous rating of Neutral to Overweight. For the first quarter, Walmart had an EPS of $1.47, compared to year-ago quarter EPS of $1.30. At the moment, the stock has a 52-week-high of $159.88 and a 52-week-low of $120.07. Walmart closed at $159.30 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

According to Capital One, the prior rating for Denbury Inc (NYSE:DEN) was changed from Overweight to Equal-Weight. Denbury earned $1.36 in the first quarter, compared to $1.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $104.05 and a 52-week-low of $59.00. Denbury closed at $86.53 at the end of the last trading period.

According to Chardan Capital, the prior rating for Kodiak Sciences Inc (NASDAQ:KOD) was changed from Buy to Neutral. Kodiak Sciences earned $1.35 in the first quarter, compared to $1.83 in the year-ago quarter. The stock has a 52-week-high of $12.76 and a 52-week-low of $2.77. At the end of the last trading period, Kodiak Sciences closed at $3.94.

For Rackspace Technology Inc (NASDAQ:RXT), Citigroup downgraded the previous rating of Neutral to Sell. For the first quarter, Rackspace Tech had an EPS of $0.02, compared to year-ago quarter EPS of $0.22. At the moment, the stock has a 52-week-high of $7.36 and a 52-week-low of $1.05. Rackspace Tech closed at $2.57 at the end of the last trading period.

For Nike Inc (NYSE:NKE), Exane BNP Paribas downgraded the previous rating of Neutral to Underperform. Nike earned $0.66 in the fourth quarter, compared to $0.99 in the year-ago quarter. The stock has a 52-week-high of $131.31 and a 52-week-low of $82.24. At the end of the last trading period, Nike closed at $108.77.

See all analyst ratings downgrades.

Initiations

Canaccord Genuity initiated coverage on Metals Acquisition Ltd (NYSE:MTAL) with a Buy rating. The price target for Metals Acquisition is set to $13.00.

William Blair initiated coverage on AbbVie Inc (NYSE:ABBV) with a Market Perform rating. AbbVie earned $2.46 in the first quarter, compared to $3.16 in the year-ago quarter. The stock has a 52-week-high of $168.11 and a 52-week-low of $130.96. At the end of the last trading period, AbbVie closed at $143.18.

With a Buy rating, Maxim Group initiated coverage on Nogin Inc (NASDAQ:NOGN). The price target seems to have been set at $3.00 for Nogin. Nogin earned $2.11 in the first quarter, compared to $5.02 in the year-ago quarter. The stock has a 52-week-high of $230.20 and a 52-week-low of $0.91. At the end of the last trading period, Nogin closed at $0.96.

With an Outperformer rating, CIBC initiated coverage on Savers Value Village Inc (NYSE:SVV). The price target seems to have been set at $27.00 for Savers Value Village. At the moment, the stock has a 52-week-high of $25.48 and a 52-week-low of $21.50. Savers Value Village closed at $24.43 at the end of the last trading period.

Edward Jones initiated coverage on Kenvue Inc (NYSE:KVUE) with a Buy rating. For the second quarter, Kenvue had an EPS of $0.32, compared to year-ago quarter EPS of $0.43. The current stock performance of Kenvue shows a 52-week-high of $27.80 and a 52-week-low of $22.49. Moreover, at the end of the last trading period, the closing price was at $24.16.

Citigroup initiated coverage on Incyte Corp (NASDAQ:INCY) with a Buy rating. The price target for Incyte is set to $82.00. In the first quarter, Incyte showed an EPS of $0.37, compared to $0.55 from the year-ago quarter. The stock has a 52-week-high of $86.29 and a 52-week-low of $60.56. At the end of the last trading period, Incyte closed at $63.46.

Keybanc initiated coverage on Nike Inc (NYSE:NKE) with a Sector Weight rating. Nike earned $0.66 in the fourth quarter, compared to $0.99 in the year-ago quarter. The stock has a 52-week-high of $131.31 and a 52-week-low of $82.24. At the end of the last trading period, Nike closed at $108.77.

BMO Capital initiated coverage on Fidelis Insurance Holdings Ltd (NYSE:FIHL) with a Market Perform rating. The price target for Fidelis Insurance Hldgs is set to $15.00. The stock has a 52-week-high of $14.04 and a 52-week-low of $12.60. At the end of the last trading period, Fidelis Insurance Hldgs closed at $13.55.

BTIG initiated coverage on ProKidney Corp (NASDAQ:PROK) with a Buy rating. The price target for ProKidney is set to $16.00. At the moment, the stock has a 52-week-high of $14.19 and a 52-week-low of $5.19. ProKidney closed at $11.39 at the end of the last trading period.

Mizuho initiated coverage on Watsco Inc (NYSE:WSO) with a Neutral rating. The price target for Watsco is set to $360.00. For the first quarter, Watsco had an EPS of $2.83, compared to year-ago quarter EPS of $2.90. The stock has a 52-week-high of $383.83 and a 52-week-low of $229.69. At the end of the last trading period, Watsco closed at $366.99.

See all analyst ratings initiations.

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