Benzinga's Top Ratings Upgrades, Downgrades For August 24, 2023

Upgrades

UBS upgraded the previous rating for Petroleo Brasileiro SA Petrobras (NYSE:PBR) from Neutral to Buy. In the second quarter, Petrobras Brasileiro showed an EPS of $0.90, compared to $1.68 from the year-ago quarter. The stock has a 52-week-high of $16.32 and a 52-week-low of $8.88. At the end of the last trading period, Petrobras Brasileiro closed at $14.54.

HSBC upgraded the previous rating for TDCX Inc (NYSE:TDCX) from Hold to Buy. TDCX earned $0.14 in the second quarter, compared to $0.15 in the year-ago quarter. The current stock performance of TDCX shows a 52-week-high of $15.38 and a 52-week-low of $4.75. Moreover, at the end of the last trading period, the closing price was at $4.78.

For NVIDIA Corp (NASDAQ:NVDA), WestPark Capital upgraded the previous rating of Hold to Buy. NVIDIA earned $2.70 in the second quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $481.87 and a 52-week-low of $108.14. At the end of the last trading period, NVIDIA closed at $471.16.

According to Stifel, the prior rating for NVIDIA Corp (NASDAQ:NVDA) was changed from Hold to Buy. For the second quarter, NVIDIA had an EPS of $2.70, compared to year-ago quarter EPS of $0.51. At the moment, the stock has a 52-week-high of $481.87 and a 52-week-low of $108.14. NVIDIA closed at $471.16 at the end of the last trading period.

For NeuroPace Inc (NASDAQ:NPCE), Morgan Stanley upgraded the previous rating of Underweight to Equal-Weight. In the second quarter, NeuroPace showed an EPS of $0.36, compared to $0.52 from the year-ago quarter. At the moment, the stock has a 52-week-high of $6.45 and a 52-week-low of $1.26. NeuroPace closed at $4.78 at the end of the last trading period.

For Discover Financial Services (NYSE:DFS), Wolfe Research upgraded the previous rating of Peer Perform to Outperform. For the second quarter, Discover Finl had an EPS of $3.54, compared to year-ago quarter EPS of $3.96. The stock has a 52-week-high of $122.50 and a 52-week-low of $87.65. At the end of the last trading period, Discover Finl closed at $88.59.

For Kenvue Inc (NYSE:KVUE), Goldman Sachs upgraded the previous rating of Neutral to Buy. For the second quarter, Kenvue had an EPS of $0.32, compared to year-ago quarter EPS of $0.43. The stock has a 52-week-high of $27.80 and a 52-week-low of $22.36. At the end of the last trading period, Kenvue closed at $23.62.

See all analyst ratings upgrades.

Downgrades

According to KGI Securities, the prior rating for Sea Ltd (NYSE:SE) was changed from Outperform to Neutral. In the second quarter, Sea showed an EPS of $0.54, compared to $1.03 from the year-ago quarter. The stock has a 52-week-high of $88.84 and a 52-week-low of $36.25. At the end of the last trading period, Sea closed at $36.85.

For Stevanato Group SPA (NYSE:STVN), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Stevanato Gr showed an EPS of $0.15, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $36.30 and a 52-week-low of $13.75. At the end of the last trading period, Stevanato Gr closed at $31.33.

For Peloton Interactive Inc (NASDAQ:PTON), Needham downgraded the previous rating of Buy to Hold. In the fourth quarter, Peloton Interactive showed an EPS of $0.68, compared to $1.32 from the year-ago quarter. The stock has a 52-week-high of $17.83 and a 52-week-low of $5.05. At the end of the last trading period, Peloton Interactive closed at $5.41.

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Initiations

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