Benzinga's Top Ratings Upgrades, Downgrades For August 7, 2023

Upgrades

Lake Street upgraded the previous rating for NN Inc (NASDAQ:NNBR) from Hold to Buy. For the second quarter, NN had an EPS of $0.08, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $3.25 and a 52-week-low of $0.97. NN closed at $2.75 at the end of the last trading period.

B of A Securities upgraded the previous rating for Sendas Distribuidora SA (NYSE:ASAI) from Neutral to Buy. For the first quarter, Sendas Distribuidora had an EPS of $0.05, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $20.98 and a 52-week-low of $10.44. At the end of the last trading period, Sendas Distribuidora closed at $14.08.

Morgan Stanley upgraded the previous rating for Curtiss-Wright Corp (NYSE:CW) from Equal-Weight to Overweight. Curtiss-Wright earned $2.15 in the second quarter, compared to $1.83 in the year-ago quarter. The stock has a 52-week-high of $203.25 and a 52-week-low of $136.41. At the end of the last trading period, Curtiss-Wright closed at $202.35.

UBS upgraded the previous rating for DaVita Inc (NYSE:DVA) from Neutral to Buy. DaVita earned $2.08 in the second quarter, compared to $2.30 in the year-ago quarter. The current stock performance of DaVita shows a 52-week-high of $109.59 and a 52-week-low of $65.28. Moreover, at the end of the last trading period, the closing price was at $108.81.

For PG&E Corp (NYSE:PCG), UBS upgraded the previous rating of Neutral to Buy. In the second quarter, PG&E showed an EPS of $0.23, compared to $0.25 from the year-ago quarter. The stock has a 52-week-high of $18.19 and a 52-week-low of $10.97. At the end of the last trading period, PG&E closed at $17.08.

According to TD Cowen, the prior rating for Trinet Group Inc (NYSE:TNET) was changed from Market Perform to Outperform. Trinet Group earned $1.74 in the second quarter, compared to $1.72 in the year-ago quarter. The stock has a 52-week-high of $111.85 and a 52-week-low of $60.70. At the end of the last trading period, Trinet Group closed at $104.29.

For Tri Pointe Homes Inc (NYSE:TPH), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. In the second quarter, Tri Pointe Homes showed an EPS of $0.60, compared to $1.33 from the year-ago quarter. The stock has a 52-week-high of $34.04 and a 52-week-low of $14.63. At the end of the last trading period, Tri Pointe Homes closed at $31.64.

According to Compass Point, the prior rating for MidCap Financial Investment Corp (NASDAQ:MFIC) was changed from Neutral to Buy. The stock has a 52-week-high of $13.93 and a 52-week-low of $10.06. At the end of the last trading period, MidCap Financial closed at $13.73.

According to Wells Fargo, the prior rating for DraftKings Inc (NASDAQ:DKNG) was changed from Equal-Weight to Overweight. DraftKings earned $0.14 in the second quarter, compared to $0.29 in the year-ago quarter. The stock has a 52-week-high of $34.49 and a 52-week-low of $10.70. At the end of the last trading period, DraftKings closed at $31.74.

For EchoStar Corp (NASDAQ:SATS), Raymond James upgraded the previous rating of Outperform to Strong Buy. The current stock performance of EchoStar shows a 52-week-high of $21.06 and a 52-week-low of $14.66. Moreover, at the end of the last trading period, the closing price was at $19.38.

For Wayfair Inc (NYSE:W), UBS upgraded the previous rating of Neutral to Buy. In the second quarter, Wayfair showed an EPS of $0.21, compared to $1.94 from the year-ago quarter. The stock has a 52-week-high of $90.71 and a 52-week-low of $28.13. At the end of the last trading period, Wayfair closed at $83.09.

For Holley Inc (NYSE:HLLY), Telsey Advisory Group upgraded the previous rating of Market Perform to Outperform. Holley earned $0.05 in the first quarter, compared to $0.19 in the year-ago quarter. The stock has a 52-week-high of $6.65 and a 52-week-low of $1.89. At the end of the last trading period, Holley closed at $6.12.

For Q2 Holdings Inc (NYSE:QTWO), Canaccord Genuity upgraded the previous rating of Hold to Buy. Q2 Holdings earned $0.19 in the second quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.67 and a 52-week-low of $18.91. Q2 Holdings closed at $32.81 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Craig-Hallum downgraded the previous rating for MasTec Inc (NYSE:MTZ) from Buy to Hold. MasTec earned $0.89 in the second quarter, compared to $0.73 in the year-ago quarter. The current stock performance of MasTec shows a 52-week-high of $123.33 and a 52-week-low of $62.44. Moreover, at the end of the last trading period, the closing price was at $99.56.

UBS downgraded the previous rating for FirstEnergy Corp (NYSE:FE) from Buy to Neutral. FirstEnergy earned $0.47 in the second quarter, compared to $0.53 in the year-ago quarter. The stock has a 52-week-high of $43.31 and a 52-week-low of $35.61. At the end of the last trading period, FirstEnergy closed at $36.30.

For Clarivate PLC (NYSE:CLVT), B of A Securities downgraded the previous rating of Neutral to Underperform. Clarivate earned $0.21 in the second quarter, compared to $0.22 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.99 and a 52-week-low of $6.60. Clarivate closed at $6.84 at the end of the last trading period.

Guggenheim downgraded the previous rating for Cloudflare Inc (NYSE:NET) from Neutral to Sell. In the second quarter, Cloudflare showed an EPS of $0.10, compared to $0.00 from the year-ago quarter. The stock has a 52-week-high of $80.84 and a 52-week-low of $37.38. At the end of the last trading period, Cloudflare closed at $69.52.

For Southwest Airlines Co (NYSE:LUV), Redburn Partners downgraded the previous rating of Neutral to Sell. For the second quarter, Southwest Airlines had an EPS of $1.09, compared to year-ago quarter EPS of $1.30. The stock has a 52-week-high of $40.38 and a 52-week-low of $28.40. At the end of the last trading period, Southwest Airlines closed at $32.73.

See all analyst ratings downgrades.

Initiations

B of A Securities initiated coverage on Fortrea Holdings Inc (NASDAQ:FTRE) with an Underperform rating. The price target for Fortrea Holdings is set to $27.00. At the moment, the stock has a 52-week-high of $37.30 and a 52-week-low of $29.09. Fortrea Holdings closed at $29.77 at the end of the last trading period.

Seaport Global initiated coverage on A.O. Smith Corp (NYSE:AOS) with a Neutral rating. For the second quarter, A.O. Smith had an EPS of $1.01, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of $76.94 and a 52-week-low of $46.59. A.O. Smith closed at $72.64 at the end of the last trading period.

See all analyst ratings initiations.

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