Benzinga's Top Ratings Upgrades, Downgrades For August 18, 2023

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Upgrades

For Docebo Inc DCBO, Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. For the second quarter, Docebo had an EPS of $0.14, compared to year-ago quarter EPS of $0.06. The current stock performance of Docebo shows a 52-week-high of $41.48 and a 52-week-low of $23.40. Moreover, at the end of the last trading period, the closing price was at $40.66.

For American Woodmark Corp AMWD, Zelman & Assoc upgraded the previous rating of Hold to Buy. In the fourth quarter, American Woodmark showed an EPS of $2.21, compared to $1.38 from the year-ago quarter. At the moment, the stock has a 52-week-high of $78.22 and a 52-week-low of $41.20. American Woodmark closed at $72.05 at the end of the last trading period.

For Stanley Black & Decker Inc SWK, Zelman & Assoc upgraded the previous rating of Hold to Buy. For the second quarter, Stanley Black & Decker had an EPS of $0.11, compared to year-ago quarter EPS of $1.77. The stock has a 52-week-high of $104.21 and a 52-week-low of $70.27. At the end of the last trading period, Stanley Black & Decker closed at $89.49.

For Itron Inc ITRI, Argus Research upgraded the previous rating of Hold to Buy. Itron earned $0.65 in the second quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Itron shows a 52-week-high of $79.99 and a 52-week-low of $39.60. Moreover, at the end of the last trading period, the closing price was at $66.36.

According to Morgan Stanley, the prior rating for PhenomeX Inc CELL was changed from Underweight to Equal-Weight. For the second quarter, PhenomeX had an EPS of $0.33, compared to year-ago quarter EPS of $0.38. The current stock performance of PhenomeX shows a 52-week-high of $1.28 and a 52-week-low of $0.38. Moreover, at the end of the last trading period, the closing price was at $0.94.

According to Rosenblatt, the prior rating for Lumentum Holdings Inc LITE was changed from Neutral to Buy. In the fourth quarter, Lumentum Holdings showed an EPS of $0.59, compared to $1.47 from the year-ago quarter. The current stock performance of Lumentum Holdings shows a 52-week-high of $94.22 and a 52-week-low of $42.00. Moreover, at the end of the last trading period, the closing price was at $46.20.

For Portland General Electric Co POR, Guggenheim upgraded the previous rating of Neutral to Buy. For the second quarter, Portland Gen Electric had an EPS of $0.44, compared to year-ago quarter EPS of $0.72. The current stock performance of Portland Gen Electric shows a 52-week-high of $56.26 and a 52-week-low of $41.68. Moreover, at the end of the last trading period, the closing price was at $43.65.

For Strategic Education Inc STRA, B of A Securities upgraded the previous rating of Neutral to Buy. In the second quarter, Strategic Education showed an EPS of $0.82, compared to $0.87 from the year-ago quarter. The stock has a 52-week-high of $98.22 and a 52-week-low of $60.38. At the end of the last trading period, Strategic Education closed at $72.65.

For Super Group (SGHC) Ltd SGHC, Benchmark upgraded the previous rating of Hold to Buy. Super Group (SGHC) earned $0.06 in the second quarter, compared to $0.64 in the year-ago quarter. The current stock performance of Super Group (SGHC) shows a 52-week-high of $4.91 and a 52-week-low of $2.57. Moreover, at the end of the last trading period, the closing price was at $3.41.

For AcelRx Pharmaceuticals Inc ACRX, HC Wainwright & Co. upgraded the previous rating of Neutral to Buy. For the second quarter, AcelRx Pharmaceuticals had an EPS of $0.40, compared to year-ago quarter EPS of $1.20. At the moment, the stock has a 52-week-high of $7.17 and a 52-week-low of $0.55. AcelRx Pharmaceuticals closed at $0.84 at the end of the last trading period.

For Franco-Nevada Corp FNV, Stifel upgraded the previous rating of Hold to Buy. Franco-Nevada earned $0.95 in the second quarter, compared to $1.02 in the year-ago quarter. At the moment, the stock has a 52-week-high of $161.25 and a 52-week-low of $109.73. Franco-Nevada closed at $135.63 at the end of the last trading period.

B. Riley Securities upgraded the previous rating for Marvell Technology Inc MRVL from Neutral to Buy. In the first quarter, Marvell Tech showed an EPS of $0.31, compared to $0.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $67.99 and a 52-week-low of $33.75. Marvell Tech closed at $57.56 at the end of the last trading period.

According to Morgan Stanley, the prior rating for Globe Life Inc GL was changed from Underweight to Equal-Weight. For the second quarter, Globe Life had an EPS of $2.61, compared to year-ago quarter EPS of $2.07. At the moment, the stock has a 52-week-high of $123.85 and a 52-week-low of $96.28. Globe Life closed at $111.95 at the end of the last trading period.

Wells Fargo upgraded the previous rating for Hawaiian Electric Industries Inc HE from Underweight to Equal-Weight. In the second quarter, Hawaiian Electric Indus showed an EPS of $0.50, compared to $0.48 from the year-ago quarter. At the moment, the stock has a 52-week-high of $43.71 and a 52-week-low of $10.05. Hawaiian Electric Indus closed at $12.03 at the end of the last trading period.

According to Williams Trading, the prior rating for Foot Locker Inc FL was changed from Sell to Hold. In the first quarter, Foot Locker showed an EPS of $0.70, compared to $1.60 from the year-ago quarter. The stock has a 52-week-high of $47.22 and a 52-week-low of $24.44. At the end of the last trading period, Foot Locker closed at $25.12.

See all analyst ratings upgrades.

Downgrades

According to OTR Global, the prior rating for Dollar Tree Inc DLTR was changed from Positive to Mixed. In the first quarter, Dollar Tree showed an EPS of $1.47, compared to $2.37 from the year-ago quarter. The stock has a 52-week-high of $170.36 and a 52-week-low of $128.85. At the end of the last trading period, Dollar Tree closed at $142.18.

According to Truist Securities, the prior rating for Crestwood Equity Partners LP CEQP was changed from Buy to Hold. Crestwood Equity Partners earned $1.16 in the second quarter, compared to $0.14 in the year-ago quarter. The stock has a 52-week-high of $31.43 and a 52-week-low of $22.11. At the end of the last trading period, Crestwood Equity Partners closed at $27.35.

According to Zelman & Assoc, the prior rating for Carlisle Companies Inc CSL was changed from Hold to Sell. Carlisle Companies earned $5.18 in the second quarter, compared to $6.15 in the year-ago quarter. The current stock performance of Carlisle Companies shows a 52-week-high of $317.47 and a 52-week-low of $203.66. Moreover, at the end of the last trading period, the closing price was at $271.58.

Goldman Sachs downgraded the previous rating for Hesai Group HSAI from Buy to Neutral. Hesai Gr earned $0.04 in the second quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $30.36 and a 52-week-low of $7.35. At the end of the last trading period, Hesai Gr closed at $10.89.

According to SVB Leerink, the prior rating for Selecta Biosciences Inc SELB was changed from Outperform to Market Perform. Selecta Biosciences earned $0.07 in the second quarter, compared to $0.06 in the year-ago quarter. At the moment, the stock has a 52-week-high of $2.50 and a 52-week-low of $0.92. Selecta Biosciences closed at $1.12 at the end of the last trading period.

According to Wedbush, the prior rating for Beazer Homes USA Inc BZH was changed from Outperform to Neutral. Beazer Homes USA earned $1.42 in the third quarter, compared to $1.76 in the year-ago quarter. The stock has a 52-week-high of $35.93 and a 52-week-low of $9.48. At the end of the last trading period, Beazer Homes USA closed at $30.32.

JP Morgan downgraded the previous rating for Farfetch Ltd FTCH from Overweight to Neutral. Farfetch earned $0.21 in the second quarter, compared to $0.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.88 and a 52-week-low of $3.64. Farfetch closed at $4.76 at the end of the last trading period.

Loop Capital downgraded the previous rating for XPO Inc XPO from Buy to Hold. For the second quarter, XPO had an EPS of $0.71, compared to year-ago quarter EPS of $1.81. The stock has a 52-week-high of $76.77 and a 52-week-low of $24.76. At the end of the last trading period, XPO closed at $69.53.

Raymond James downgraded the previous rating for Ares Commercial Real Estate Corp ACRE from Outperform to Market Perform. For the second quarter, Ares Comml Real Est had an EPS of $0.35, compared to year-ago quarter EPS of $0.38. The stock has a 52-week-high of $13.93 and a 52-week-low of $7.52. At the end of the last trading period, Ares Comml Real Est closed at $9.84.

For Keysight Technologies Inc KEYS, Barclays downgraded the previous rating of Overweight to Equal-Weight. For the third quarter, Keysight Techs had an EPS of $2.19, compared to year-ago quarter EPS of $2.01. The stock has a 52-week-high of $189.38 and a 52-week-low of $139.62. At the end of the last trading period, Keysight Techs closed at $150.05.

Citigroup downgraded the previous rating for IPG Photonics Corp IPGP from Buy to Neutral. IPG Photonics earned $1.31 in the second quarter, compared to $1.10 in the year-ago quarter. The current stock performance of IPG Photonics shows a 52-week-high of $141.85 and a 52-week-low of $79.88. Moreover, at the end of the last trading period, the closing price was at $99.00.

For Aflac Inc AFL, Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. Aflac earned $1.58 in the second quarter, compared to $1.47 in the year-ago quarter. The current stock performance of Aflac shows a 52-week-high of $78.43 and a 52-week-low of $56.04. Moreover, at the end of the last trading period, the closing price was at $75.61.

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For The Cigna Group CI, Edward Jones downgraded the previous rating of Buy to Hold. Cigna Group earned $6.13 in the second quarter, compared to $6.20 in the year-ago quarter. The current stock performance of Cigna Group shows a 52-week-high of $339.99 and a 52-week-low of $240.50. Moreover, at the end of the last trading period, the closing price was at $270.53.

Edward Jones downgraded the previous rating for CVS Health Corp CVS from Buy to Hold. For the second quarter, CVS Health had an EPS of $2.21, compared to year-ago quarter EPS of $2.40. The stock has a 52-week-high of $106.51 and a 52-week-low of $64.62. At the end of the last trading period, CVS Health closed at $66.80.

For Sea Ltd SE, JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Sea showed an EPS of $0.54, compared to $1.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $88.84 and a 52-week-low of $38.01. Sea closed at $39.49 at the end of the last trading period.

Keybanc downgraded the previous rating for Farfetch Ltd FTCH from Overweight to Sector Weight. For the second quarter, Farfetch had an EPS of $0.21, compared to year-ago quarter EPS of $0.21. The stock has a 52-week-high of $12.88 and a 52-week-low of $3.64. At the end of the last trading period, Farfetch closed at $4.76.

See all analyst ratings downgrades.

Initiations

With a Equal-Weight rating, Stephens & Co. initiated coverage on Qualys Inc QLYS. The price target seems to have been set at $145.00 for Qualys. Qualys earned $1.27 in the second quarter, compared to $0.89 in the year-ago quarter. The current stock performance of Qualys shows a 52-week-high of $162.36 and a 52-week-low of $101.10. Moreover, at the end of the last trading period, the closing price was at $142.73.

B of A Securities initiated coverage on Blue Bird Corp BLBD with a Buy rating. The price target for Blue Bird is set to $26.50. Blue Bird earned $0.44 in the third quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Blue Bird shows a 52-week-high of $28.80 and a 52-week-low of $7.22. Moreover, at the end of the last trading period, the closing price was at $20.49.

With a Buy rating, B of A Securities initiated coverage on AlloVir Inc ALVR. The price target seems to have been set at $17.00 for AlloVir. In the second quarter, AlloVir showed an EPS of $0.48, compared to $0.69 from the year-ago quarter. The current stock performance of AlloVir shows a 52-week-high of $10.22 and a 52-week-low of $2.42. Moreover, at the end of the last trading period, the closing price was at $2.47.

With a Buy rating, HC Wainwright & Co. initiated coverage on AEON Biopharma Inc AEON. The price target seems to have been set at $18.00 for AEON Biopharma. The stock has a 52-week-high of $11.88 and a 52-week-low of $4.06. At the end of the last trading period, AEON Biopharma closed at $4.34.

With a Buy rating, BTIG initiated coverage on DocGo Inc DCGO. The price target seems to have been set at $15.00 for DocGo. DocGo earned $0.02 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of DocGo shows a 52-week-high of $11.39 and a 52-week-low of $6.36. Moreover, at the end of the last trading period, the closing price was at $9.38.

Baird initiated coverage on The Trade Desk Inc TTD with an Outperform rating. The price target for Trade Desk is set to $88.00. For the second quarter, Trade Desk had an EPS of $0.28, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $91.85 and a 52-week-low of $39.44. Trade Desk closed at $71.19 at the end of the last trading period.

Baird initiated coverage on Integral Ad Science Holding Corp IAS with an Outperform rating. The price target for Integral Ad Science is set to $19.00. In the second quarter, Integral Ad Science showed an EPS of $0.05, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $20.88 and a 52-week-low of $6.64. Integral Ad Science closed at $13.86 at the end of the last trading period.

With an Outperform rating, Baird initiated coverage on DoubleVerify Holdings Inc DV. The price target seems to have been set at $38.00 for DoubleVerify Hldgs. For the second quarter, DoubleVerify Hldgs had an EPS of $0.07, compared to year-ago quarter EPS of $0.06. The current stock performance of DoubleVerify Hldgs shows a 52-week-high of $42.51 and a 52-week-low of $20.38. Moreover, at the end of the last trading period, the closing price was at $32.18.

William Blair initiated coverage on Holley Inc HLLY with an Outperform rating. For the second quarter, Holley had an EPS of $0.14, compared to year-ago quarter EPS of $0.11. At the moment, the stock has a 52-week-high of $8.06 and a 52-week-low of $1.89. Holley closed at $6.14 at the end of the last trading period.

With a Buy rating, JonesTrading initiated coverage on Acrivon Therapeutics Inc ACRV. The price target seems to have been set at $26.00 for Acrivon Therapeutics. In the second quarter, Acrivon Therapeutics showed an EPS of $0.63, compared to $3.29 from the year-ago quarter. The current stock performance of Acrivon Therapeutics shows a 52-week-high of $25.47 and a 52-week-low of $8.06. Moreover, at the end of the last trading period, the closing price was at $11.04.

With an Outperform rating, TD Cowen initiated coverage on Dynatrace Inc DT. The price target seems to have been set at $57.00 for Dynatrace. Dynatrace earned $0.27 in the first quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.87 and a 52-week-low of $31.55. Dynatrace closed at $45.66 at the end of the last trading period.

With a Buy rating, Stifel initiated coverage on Maximus Inc MMS. The price target seems to have been set at $102.00 for Maximus. In the third quarter, Maximus showed an EPS of $0.78, compared to $0.78 from the year-ago quarter. The stock has a 52-week-high of $89.69 and a 52-week-low of $54.53. At the end of the last trading period, Maximus closed at $78.34.

With a Market Perform rating, TD Cowen initiated coverage on Elastic NV ESTC. The price target seems to have been set at $65.00 for Elastic. Elastic earned $0.22 in the fourth quarter, compared to $0.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $91.19 and a 52-week-low of $46.18. Elastic closed at $60.27 at the end of the last trading period.

TD Cowen initiated coverage on Datadog Inc DDOG with an Outperform rating. The price target for Datadog is set to $120.00. In the second quarter, Datadog showed an EPS of $0.36, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $118.02 and a 52-week-low of $61.34. Datadog closed at $90.29 at the end of the last trading period.

Stephens & Co. initiated coverage on Tenable Holdings Inc TENB with an Overweight rating. The price target for Tenable Holdings is set to $60.00. In the second quarter, Tenable Holdings showed an EPS of $0.22, compared to $0.05 from the year-ago quarter. The stock has a 52-week-high of $49.77 and a 52-week-low of $28.80. At the end of the last trading period, Tenable Holdings closed at $44.22.

Citigroup initiated coverage on Hannon Armstrong Sustainable Infrastructure Capital Inc HASI with a Neutral rating. The price target for Hannon Armstrong is set to $24.00. In the second quarter, Hannon Armstrong showed an EPS of $0.53, compared to $0.60 from the year-ago quarter. At the moment, the stock has a 52-week-high of $42.68 and a 52-week-low of $19.84. Hannon Armstrong closed at $20.17 at the end of the last trading period.

See all analyst ratings initiations.

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