Benzinga's Top Ratings Upgrades, Downgrades For July 31, 2023

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Upgrades

For Sea Ltd SE, UBS upgraded the previous rating of Neutral to Buy. For the first quarter, Sea had an EPS of $0.35, compared to year-ago quarter EPS of $0.80. The current stock performance of Sea shows a 52-week-high of $93.68 and a 52-week-low of $40.66. Moreover, at the end of the last trading period, the closing price was at $63.72.

According to CL King, the prior rating for Minerals Technologies Inc MTX was changed from Neutral to Buy. In the second quarter, Minerals Technologies showed an EPS of $1.31, compared to $1.50 from the year-ago quarter. The current stock performance of Minerals Technologies shows a 52-week-high of $73.57 and a 52-week-low of $49.39. Moreover, at the end of the last trading period, the closing price was at $59.46.

Tudor Pickering upgraded the previous rating for Valero Energy Corp VLO from Hold to Buy. Valero Energy earned $5.40 in the second quarter, compared to $11.36 in the year-ago quarter. The current stock performance of Valero Energy shows a 52-week-high of $160.16 and a 52-week-low of $97.76. Moreover, at the end of the last trading period, the closing price was at $129.07.

According to Zelman & Assoc, the prior rating for Beazer Homes USA Inc BZH was changed from Hold to Buy. In the third quarter, Beazer Homes USA showed an EPS of $1.42, compared to $1.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $35.48 and a 52-week-low of $9.48. Beazer Homes USA closed at $35.43 at the end of the last trading period.

For Nutrien Ltd NTR, TD Cowen upgraded the previous rating of Hold to Buy. In the first quarter, Nutrien showed an EPS of $1.11, compared to $2.70 from the year-ago quarter. The current stock performance of Nutrien shows a 52-week-high of $102.70 and a 52-week-low of $52.23. Moreover, at the end of the last trading period, the closing price was at $67.74.

According to Deutsche Bank, the prior rating for Verra Mobility Corp VRRM was changed from Hold to Buy. For the first quarter, Verra Mobility had an EPS of $0.26, compared to year-ago quarter EPS of $0.20. The current stock performance of Verra Mobility shows a 52-week-high of $20.95 and a 52-week-low of $12.76. Moreover, at the end of the last trading period, the closing price was at $20.38.

Wedbush upgraded the previous rating for Corsair Gaming Inc CRSR from Neutral to Outperform. Corsair Gaming earned $0.11 in the first quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $20.72 and a 52-week-low of $10.97. At the end of the last trading period, Corsair Gaming closed at $17.44.

According to Evercore ISI Group, the prior rating for NovoCure Ltd NVCR was changed from Underperform to In-Line. In the second quarter, NovoCure showed an EPS of $0.54, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $120.03 and a 52-week-low of $32.51. At the end of the last trading period, NovoCure closed at $33.32.

Deutsche Bank upgraded the previous rating for New York Community Bancorp Inc NYCB from Hold to Buy. New York Community earned $0.47 in the second quarter, compared to $0.35 in the year-ago quarter. The current stock performance of New York Community shows a 52-week-high of $14.22 and a 52-week-low of $5.81. Moreover, at the end of the last trading period, the closing price was at $13.66.

According to TD Cowen, the prior rating for GoodRx Holdings Inc GDRX was changed from Market Perform to Outperform. In the first quarter, GoodRx Holdings showed an EPS of $0.07, compared to $0.10 from the year-ago quarter. The current stock performance of GoodRx Holdings shows a 52-week-high of $10.36 and a 52-week-low of $3.83. Moreover, at the end of the last trading period, the closing price was at $6.75.

According to Wells Fargo, the prior rating for Blueprint Medicines Corp BPMC was changed from Equal-Weight to Overweight. In the first quarter, Blueprint Medicines showed an EPS of $2.15, compared to $1.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $79.40 and a 52-week-low of $37.82. Blueprint Medicines closed at $63.12 at the end of the last trading period.

B of A Securities upgraded the previous rating for Hasbro Inc HAS from Neutral to Buy. In the first quarter, Hasbro showed an EPS of $0.01, compared to $0.57 from the year-ago quarter. The stock has a 52-week-high of $84.19 and a 52-week-low of $45.75. At the end of the last trading period, Hasbro closed at $62.70.

Piper Sandler upgraded the previous rating for Sweetgreen Inc SG from Neutral to Overweight. For the second quarter, Sweetgreen had an EPS of $0.20, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $21.65 and a 52-week-low of $6.10. At the end of the last trading period, Sweetgreen closed at $14.10.

Raymond James upgraded the previous rating for SmartFinancial Inc SMBK from Market Perform to Strong Buy. SmartFinancial earned $0.52 in the second quarter, compared to $0.61 in the year-ago quarter. At the moment, the stock has a 52-week-high of $30.50 and a 52-week-low of $18.86. SmartFinancial closed at $24.45 at the end of the last trading period.

According to Raymond James, the prior rating for ConnectOne Bancorp Inc CNOB was changed from Market Perform to Strong Buy. ConnectOne Bancorp earned $0.51 in the second quarter, compared to $0.78 in the year-ago quarter. The stock has a 52-week-high of $28.68 and a 52-week-low of $13.11. At the end of the last trading period, ConnectOne Bancorp closed at $20.06.

According to Morgan Stanley, the prior rating for Adobe Inc ADBE was changed from Equal-Weight to Overweight. In the second quarter, Adobe showed an EPS of $3.91, compared to $3.35 from the year-ago quarter. At the moment, the stock has a 52-week-high of $539.00 and a 52-week-low of $274.80. Adobe closed at $528.87 at the end of the last trading period.

For Wayfair Inc W, Piper Sandler upgraded the previous rating of Neutral to Overweight. In the first quarter, Wayfair showed an EPS of $1.13, compared to $1.96 from the year-ago quarter. The stock has a 52-week-high of $76.28 and a 52-week-low of $28.13. At the end of the last trading period, Wayfair closed at $73.09.

For Ryder System Inc R, Baird upgraded the previous rating of Neutral to Outperform. In the second quarter, Ryder System showed an EPS of $3.61, compared to $4.43 from the year-ago quarter. The current stock performance of Ryder System shows a 52-week-high of $102.36 and a 52-week-low of $65.75. Moreover, at the end of the last trading period, the closing price was at $101.13.

According to Citigroup, the prior rating for Ionis Pharmaceuticals Inc IONS was changed from Neutral to Buy. In the first quarter, Ionis Pharmaceuticals showed an EPS of $0.68, compared to $0.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $48.82 and a 52-week-low of $32.69. Ionis Pharmaceuticals closed at $39.79 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Chevron Corp CVX was changed from Neutral to Buy. In the second quarter, Chevron showed an EPS of $3.08, compared to $5.82 from the year-ago quarter. The stock has a 52-week-high of $189.66 and a 52-week-low of $140.48. At the end of the last trading period, Chevron closed at $158.87.

Seaport Global upgraded the previous rating for Sirius XM Holdings Inc SIRI from Sell to Neutral. In the first quarter, Sirius XM Holdings showed an EPS of $0.06, compared to $0.08 from the year-ago quarter. At the moment, the stock has a 52-week-high of $7.95 and a 52-week-low of $3.32. Sirius XM Holdings closed at $5.11 at the end of the last trading period.

JP Morgan upgraded the previous rating for Trip.com Group Ltd TCOM from Neutral to Overweight. In the first quarter, Trip.com Group showed an EPS of $0.45, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $40.17 and a 52-week-low of $19.26. Trip.com Group closed at $39.56 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Salesforce Inc CRM, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. For the first quarter, Salesforce had an EPS of $1.69, compared to year-ago quarter EPS of $0.98. The current stock performance of Salesforce shows a 52-week-high of $238.22 and a 52-week-low of $126.35. Moreover, at the end of the last trading period, the closing price was at $225.60.

For Perficient Inc PRFT, Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. Perficient earned $1.00 in the second quarter, compared to $1.06 in the year-ago quarter. The current stock performance of Perficient shows a 52-week-high of $110.25 and a 52-week-low of $59.94. Moreover, at the end of the last trading period, the closing price was at $63.49.

According to Argus Research, the prior rating for RTX Corp RTX was changed from Buy to Hold. For the second quarter, RTX had an EPS of $1.29, compared to year-ago quarter EPS of $1.16. The stock has a 52-week-high of $108.84 and a 52-week-low of $80.28. At the end of the last trading period, RTX closed at $87.34.

For Federal Signal Corp FSS, DA Davidson downgraded the previous rating of Buy to Neutral. For the second quarter, Federal Signal had an EPS of $0.67, compared to year-ago quarter EPS of $0.53. At the moment, the stock has a 52-week-high of $65.33 and a 52-week-low of $37.16. Federal Signal closed at $61.40 at the end of the last trading period.

Barclays downgraded the previous rating for Waters Corp WAT from Overweight to Equal-Weight. For the first quarter, Waters had an EPS of $2.49, compared to year-ago quarter EPS of $2.80. At the moment, the stock has a 52-week-high of $368.90 and a 52-week-low of $248.18. Waters closed at $285.77 at the end of the last trading period.

Barclays downgraded the previous rating for Agilent Technologies Inc A from Equal-Weight to Underweight. Agilent Technologies earned $1.27 in the second quarter, compared to $1.13 in the year-ago quarter. The stock has a 52-week-high of $160.08 and a 52-week-low of $113.28. At the end of the last trading period, Agilent Technologies closed at $126.05.

According to William Blair, the prior rating for Avantor Inc AVTR was changed from Outperform to Market Perform. Avantor earned $0.28 in the second quarter, compared to $0.37 in the year-ago quarter. The stock has a 52-week-high of $32.76 and a 52-week-low of $17.92. At the end of the last trading period, Avantor closed at $21.28.

Barclays downgraded the previous rating for Tractor Supply Co TSCO from Overweight to Equal-Weight. For the second quarter, Tractor Supply had an EPS of $3.83, compared to year-ago quarter EPS of $3.53. At the moment, the stock has a 52-week-high of $251.17 and a 52-week-low of $181.52. Tractor Supply closed at $223.99 at the end of the last trading period.

According to Ladenburg Thalmann, the prior rating for Reata Pharmaceuticals Inc RETA was changed from Buy to Neutral. For the first quarter, Reata Pharmaceuticals had an EPS of $1.81, compared to year-ago quarter EPS of $1.33. The current stock performance of Reata Pharmaceuticals shows a 52-week-high of $167.24 and a 52-week-low of $18.47. Moreover, at the end of the last trading period, the closing price was at $167.19.

JP Morgan downgraded the previous rating for Capri Holdings Ltd CPRI from Overweight to Neutral. Capri Holdings earned $0.97 in the fourth quarter, compared to $1.02 in the year-ago quarter. The stock has a 52-week-high of $69.25 and a 52-week-low of $34.17. At the end of the last trading period, Capri Holdings closed at $37.07.

Evercore ISI Group downgraded the previous rating for Avantor Inc AVTR from Outperform to In-Line. Avantor earned $0.28 in the second quarter, compared to $0.37 in the year-ago quarter. The current stock performance of Avantor shows a 52-week-high of $32.76 and a 52-week-low of $17.92. Moreover, at the end of the last trading period, the closing price was at $21.28.

Evercore ISI Group downgraded the previous rating for Waters Corp WAT from Outperform to In-Line. For the first quarter, Waters had an EPS of $2.49, compared to year-ago quarter EPS of $2.80. The stock has a 52-week-high of $368.90 and a 52-week-low of $248.18. At the end of the last trading period, Waters closed at $285.77.

According to Evercore ISI Group, the prior rating for Agilent Technologies Inc A was changed from Outperform to In-Line. For the second quarter, Agilent Technologies had an EPS of $1.27, compared to year-ago quarter EPS of $1.13. At the moment, the stock has a 52-week-high of $160.08 and a 52-week-low of $113.28. Agilent Technologies closed at $126.05 at the end of the last trading period.

For XPeng Inc XPEV, UBS downgraded the previous rating of Buy to Neutral. In the first quarter, XPeng showed an EPS of $0.37, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $25.90 and a 52-week-low of $6.18. At the end of the last trading period, XPeng closed at $23.39.

Oppenheimer downgraded the previous rating for General Electric Co GE from Outperform to Perform. In the second quarter, General Electric showed an EPS of $0.68, compared to $0.78 from the year-ago quarter. At the moment, the stock has a 52-week-high of $117.96 and a 52-week-low of $48.29. General Electric closed at $114.39 at the end of the last trading period.

Credit Suisse downgraded the previous rating for ArcBest Corp ARCB from Outperform to Neutral. ArcBest earned $1.54 in the second quarter, compared to $4.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $122.86 and a 52-week-low of $68.01. ArcBest closed at $119.41 at the end of the last trading period.

Credit Suisse downgraded the previous rating for United Parcel Service Inc UPS from Outperform to Neutral. For the first quarter, United Parcel Service had an EPS of $2.20, compared to year-ago quarter EPS of $3.05. The current stock performance of United Parcel Service shows a 52-week-high of $209.34 and a 52-week-low of $154.91. Moreover, at the end of the last trading period, the closing price was at $187.89.

According to Credit Suisse, the prior rating for XPO Inc XPO was changed from Outperform to Neutral. XPO earned $0.56 in the first quarter, compared to $1.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $72.85 and a 52-week-low of $24.76. XPO closed at $71.60 at the end of the last trading period.

Raymond James downgraded the previous rating for First Bancorp FBNC from Outperform to Market Perform. In the second quarter, First Bancorp showed an EPS of $0.71, compared to $1.03 from the year-ago quarter. The stock has a 52-week-high of $48.93 and a 52-week-low of $26.25. At the end of the last trading period, First Bancorp closed at $34.35.

According to Bernstein, the prior rating for Southwest Airlines Co LUV was changed from Outperform to Market Perform. For the second quarter, Southwest Airlines had an EPS of $1.09, compared to year-ago quarter EPS of $1.30. At the moment, the stock has a 52-week-high of $40.38 and a 52-week-low of $28.40. Southwest Airlines closed at $33.70 at the end of the last trading period.

For Penske Automotive Group Inc PAG, JP Morgan downgraded the previous rating of Neutral to Underweight. Penske Automotive Group earned $4.41 in the second quarter, compared to $4.93 in the year-ago quarter. At the moment, the stock has a 52-week-high of $180.84 and a 52-week-low of $94.51. Penske Automotive Group closed at $161.59 at the end of the last trading period.

For CSX Corp CSX, RBC Capital downgraded the previous rating of Outperform to Sector Perform. CSX earned $0.49 in the second quarter, compared to $0.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of $34.70 and a 52-week-low of $25.81. CSX closed at $33.80 at the end of the last trading period.

According to RBC Capital, the prior rating for Oatly Group AB OTLY was changed from Outperform to Sector Perform. In the second quarter, Oatly Group showed an EPS of $0.15, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $4.25 and a 52-week-low of $1.28. Oatly Group closed at $1.64 at the end of the last trading period.

Jefferies downgraded the previous rating for Reata Pharmaceuticals Inc RETA from Buy to Hold. Reata Pharmaceuticals earned $1.81 in the first quarter, compared to $1.33 in the year-ago quarter. The current stock performance of Reata Pharmaceuticals shows a 52-week-high of $167.24 and a 52-week-low of $18.47. Moreover, at the end of the last trading period, the closing price was at $167.19.

For Arbor Realty Trust Inc ABR, Piper Sandler downgraded the previous rating of Overweight to Underweight. Arbor Realty Trust earned $0.57 in the second quarter, compared to $0.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.74 and a 52-week-low of $10.10. Arbor Realty Trust closed at $17.62 at the end of the last trading period.

For Ford Motor Co F, Jefferies downgraded the previous rating of Buy to Hold. In the second quarter, Ford Motor showed an EPS of $0.72, compared to $0.68 from the year-ago quarter. At the moment, the stock has a 52-week-high of $16.68 and a 52-week-low of $10.90. Ford Motor closed at $13.26 at the end of the last trading period.

Jefferies downgraded the previous rating for Carvana Co CVNA from Hold to Underperform. Carvana earned $0.55 in the second quarter, compared to $2.35 in the year-ago quarter. The current stock performance of Carvana shows a 52-week-high of $58.01 and a 52-week-low of $3.56. Moreover, at the end of the last trading period, the closing price was at $44.02.

For Tencent Music Entertainment Group TME, Citigroup downgraded the previous rating of Buy to Neutral. For the first quarter, Tencent Music Enter Gr had an EPS of $0.13, compared to year-ago quarter EPS of $0.09. The current stock performance of Tencent Music Enter Gr shows a 52-week-high of $9.29 and a 52-week-low of $3.15. Moreover, at the end of the last trading period, the closing price was at $7.13.

See all analyst ratings downgrades.

Initiations

Scotiabank initiated coverage on argenx SE ARGX with a Sector Perform rating. The price target for argenx is set to $516.00. In the second quarter, argenx showed an EPS of $1.69, compared to $3.81 from the year-ago quarter. At the moment, the stock has a 52-week-high of $550.76 and a 52-week-low of $333.07. argenx closed at $515.00 at the end of the last trading period.

With a Buy rating, JonesTrading initiated coverage on LuxUrban Hotels Inc LUXH. The price target seems to have been set at $7.00 for LuxUrban Hotels. LuxUrban Hotels earned $0.10 in the first quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $3.84 and a 52-week-low of $1.35. LuxUrban Hotels closed at $3.05 at the end of the last trading period.

Lake Street initiated coverage on Priority Technology Holdings Inc PRTH with a Buy rating. The price target for Priority Tech Holdings is set to $7.00. In the first quarter, Priority Tech Holdings showed an EPS of $0.15, compared to $0.11 from the year-ago quarter. The current stock performance of Priority Tech Holdings shows a 52-week-high of $6.15 and a 52-week-low of $2.99. Moreover, at the end of the last trading period, the closing price was at $4.22.

Wedbush initiated coverage on Keros Therapeutics Inc KROS with an Outperform rating. The price target for Keros Therapeutics is set to $86.00. In the first quarter, Keros Therapeutics showed an EPS of $1.26, compared to $1.01 from the year-ago quarter. The current stock performance of Keros Therapeutics shows a 52-week-high of $59.96 and a 52-week-low of $29.33. Moreover, at the end of the last trading period, the closing price was at $41.97.

With a Buy rating, EF Hutton initiated coverage on Pyxis Oncology Inc PYXS. The price target seems to have been set at $15.00 for Pyxis Oncology. In the first quarter, Pyxis Oncology showed an EPS of $0.54, compared to $0.97 from the year-ago quarter. The current stock performance of Pyxis Oncology shows a 52-week-high of $6.92 and a 52-week-low of $1.10. Moreover, at the end of the last trading period, the closing price was at $2.46.

EF Hutton initiated coverage on Viracta Therapeutics Inc VIRX with a Buy rating. The price target for Viracta Therapeutics is set to $10.00. For the first quarter, Viracta Therapeutics had an EPS of $0.32, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $5.71 and a 52-week-low of $0.88. Viracta Therapeutics closed at $1.47 at the end of the last trading period.

RBC Capital initiated coverage on Ambrx Biopharma Inc AMAM with an Outperform rating. The price target for Ambrx Biopharma is set to $29.00. NoneAt the moment, the stock has a 52-week-high of $16.86 and a 52-week-low of $0.38. Ambrx Biopharma closed at $15.00 at the end of the last trading period.

Guggenheim initiated coverage on Prime Medicine Inc PRME with a Buy rating. The price target for Prime Medicine is set to $24.00. In the first quarter, Prime Medicine showed an EPS of $0.44, compared to $1.58 from the year-ago quarter. The stock has a 52-week-high of $21.60 and a 52-week-low of $11.07. At the end of the last trading period, Prime Medicine closed at $14.84.

For Apartment Investment & Management Co AIV, Wolfe Research initiated coverage, by setting the current rating at Peer Perform. In the first quarter, Apartment Inv & Mgmt showed an EPS of $0.06, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $9.79 and a 52-week-low of $6.47. At the end of the last trading period, Apartment Inv & Mgmt closed at $8.44.

With a Neutral rating, B of A Securities initiated coverage on GE HealthCare Technologies Inc GEHC. The price target seems to have been set at $82.00 for GE HealthCare Techs. In the second quarter, GE HealthCare Techs showed an EPS of $0.92, compared to $1.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $87.83 and a 52-week-low of $53.00. GE HealthCare Techs closed at $77.87 at the end of the last trading period.

For On Holding AG ONON, BTIG initiated coverage, by setting the current rating at Neutral. In the first quarter, On Holding showed an EPS of $0.05, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.83 and a 52-week-low of $15.44. On Holding closed at $35.23 at the end of the last trading period.

BMO Capital initiated coverage on Skyward Specialty Insurance Group Inc SKWD with a Market Perform rating. The price target for Skyward Specialty is set to $27.00. In the first quarter, Skyward Specialty showed an EPS of $0.42, compared to $0.61 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.05 and a 52-week-low of $17.50. Skyward Specialty closed at $24.37 at the end of the last trading period.

With a Buy rating, HC Wainwright & Co. initiated coverage on Nyxoah SA NYXH. The price target seems to have been set at $15.00 for Nyxoah. In the first quarter, Nyxoah showed an EPS of $0.49, compared to $0.29 from the year-ago quarter.

See all analyst ratings initiations.

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