Benzinga's Top Ratings Upgrades, Downgrades For August 4, 2023

Upgrades

Janney Montgomery Scott upgraded the previous rating for Generac Holdings Inc (NYSE:GNRC) from Neutral to Buy. Generac Hldgs earned $1.08 in the second quarter, compared to $2.99 in the year-ago quarter. The stock has a 52-week-high of $281.95 and a 52-week-low of $86.29. At the end of the last trading period, Generac Hldgs closed at $110.77.

According to Rosenblatt, the prior rating for Amazon.com Inc (NASDAQ:AMZN) was changed from Neutral to Buy. Amazon.com earned $0.63 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $146.57 and a 52-week-low of $81.43. At the end of the last trading period, Amazon.com closed at $128.91.

Raymond James upgraded the previous rating for Shake Shack Inc (NYSE:SHAK) from Market Perform to Outperform. Shake Shack earned $0.18 in the second quarter, compared to $0.00 in the year-ago quarter. The stock has a 52-week-high of $80.58 and a 52-week-low of $40.83. At the end of the last trading period, Shake Shack closed at $74.67.

JP Morgan upgraded the previous rating for BRF SA (NYSE:BRFS) from Neutral to Overweight. For the first quarter, BRF had an EPS of $0.18, compared to year-ago quarter EPS of $0.30. The stock has a 52-week-high of $3.42 and a 52-week-low of $1.05. At the end of the last trading period, BRF closed at $1.99.

According to Stifel, the prior rating for Lamb Weston Holdings Inc (NYSE:LW) was changed from Hold to Buy. Lamb Weston Hldgs earned $1.22 in the fourth quarter, compared to $0.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $117.38 and a 52-week-low of $74.93. Lamb Weston Hldgs closed at $102.21 at the end of the last trading period.

Truist Securities upgraded the previous rating for Generac Holdings Inc (NYSE:GNRC) from Hold to Buy. In the second quarter, Generac Hldgs showed an EPS of $1.08, compared to $2.99 from the year-ago quarter. The stock has a 52-week-high of $281.95 and a 52-week-low of $86.29. At the end of the last trading period, Generac Hldgs closed at $110.77.

For Shopify Inc (NYSE:SHOP), DZ Bank upgraded the previous rating of Sell to Hold. Shopify earned $0.14 in the second quarter, compared to $0.03 in the year-ago quarter. At the moment, the stock has a 52-week-high of $71.43 and a 52-week-low of $23.64. Shopify closed at $59.04 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Raymond James downgraded the previous rating for Mercer International Inc (NASDAQ:MERC) from Outperform to Market Perform. Mercer Intl earned $1.48 in the second quarter, compared to $1.07 in the year-ago quarter. The stock has a 52-week-high of $17.37 and a 52-week-low of $7.37. At the end of the last trading period, Mercer Intl closed at $8.36.

Craig-Hallum downgraded the previous rating for Entegris Inc (NASDAQ:ENTG) from Buy to Hold. For the second quarter, Entegris had an EPS of $0.66, compared to year-ago quarter EPS of $1.00. At the moment, the stock has a 52-week-high of $114.47 and a 52-week-low of $61.77. Entegris closed at $102.74 at the end of the last trading period.

TD Cowen downgraded the previous rating for Fortinet Inc (NASDAQ:FTNT) from Outperform to Market Perform. For the second quarter, Fortinet had an EPS of $0.38, compared to year-ago quarter EPS of $0.24. The stock has a 52-week-high of $81.24 and a 52-week-low of $42.69. At the end of the last trading period, Fortinet closed at $75.76.

For Moderna Inc (NASDAQ:MRNA), TD Cowen downgraded the previous rating of Outperform to Market Perform. In the second quarter, Moderna showed an EPS of $3.62, compared to $5.24 from the year-ago quarter. The stock has a 52-week-high of $217.20 and a 52-week-low of $108.26. At the end of the last trading period, Moderna closed at $109.95.

Wells Fargo downgraded the previous rating for Clarivate PLC (NYSE:CLVT) from Overweight to Equal-Weight. In the second quarter, Clarivate showed an EPS of $0.21, compared to $0.22 from the year-ago quarter. The stock has a 52-week-high of $14.99 and a 52-week-low of $6.94. At the end of the last trading period, Clarivate closed at $6.98.

According to Piper Sandler, the prior rating for Mesoblast Ltd (NASDAQ:MESO) was changed from Overweight to Neutral. In the third quarter, Mesoblast showed an EPS of $0.13, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $5.12 and a 52-week-low of $2.54. At the end of the last trading period, Mesoblast closed at $3.99.

Rosenblatt downgraded the previous rating for Apple Inc (NASDAQ:AAPL) from Buy to Neutral. Apple earned $1.26 in the third quarter, compared to $1.20 in the year-ago quarter. At the moment, the stock has a 52-week-high of $198.23 and a 52-week-low of $124.17. Apple closed at $191.17 at the end of the last trading period.

For Outfront Media Inc (NYSE:OUT), JP Morgan downgraded the previous rating of Overweight to Neutral. For the second quarter, Outfront Media had an EPS of $0.18, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $21.65 and a 52-week-low of $13.82. At the end of the last trading period, Outfront Media closed at $14.51.

Oppenheimer downgraded the previous rating for Outfront Media Inc (NYSE:OUT) from Outperform to Perform. In the second quarter, Outfront Media showed an EPS of $0.18, compared to $0.28 from the year-ago quarter. The stock has a 52-week-high of $21.65 and a 52-week-low of $13.82. At the end of the last trading period, Outfront Media closed at $14.51.

For CareCloud Inc (NASDAQ:CCLD), Roth MKM downgraded the previous rating of Buy to Neutral. In the second quarter, CareCloud showed an EPS of $0.09, compared to $0.36 from the year-ago quarter. At the moment, the stock has a 52-week-high of $5.34 and a 52-week-low of $2.50. CareCloud closed at $2.87 at the end of the last trading period.

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Initiations

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