Benzinga's Top Ratings Upgrades, Downgrades For September 8, 2023

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Upgrades

Wells Fargo upgraded the previous rating for TC Energy Corp TRP from Underweight to Equal-Weight. TC Energy earned $0.71 in the second quarter, compared to $0.78 in the year-ago quarter. At the moment, the stock has a 52-week-high of $49.54 and a 52-week-low of $33.02. TC Energy closed at $35.48 at the end of the last trading period.

According to Canaccord Genuity, the prior rating for Gatos Silver Inc GATO was changed from Hold to Buy. For the second quarter, Gatos Silver had an EPS of $0.05, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $7.49 and a 52-week-low of $2.21. At the end of the last trading period, Gatos Silver closed at $4.65.

B of A Securities upgraded the previous rating for Gilead Sciences Inc GILD from Neutral to Buy. In the second quarter, Gilead Sciences showed an EPS of $1.34, compared to $1.58 from the year-ago quarter. The current stock performance of Gilead Sciences shows a 52-week-high of $89.61 and a 52-week-low of $61.45. Moreover, at the end of the last trading period, the closing price was at $73.94.

According to Mizuho, the prior rating for Adobe Inc ADBE was changed from Neutral to Buy. For the second quarter, Adobe had an EPS of $3.91, compared to year-ago quarter EPS of $3.35. At the moment, the stock has a 52-week-high of $569.98 and a 52-week-low of $274.80. Adobe closed at $560.46 at the end of the last trading period.

Bradesco Corretora upgraded the previous rating for Petroleo Brasileiro SA Petrobras PBR from Neutral to Outperform. 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 $14.56.

Citigroup upgraded the previous rating for Delek Logistics Partners LP DKL from Sell to Neutral. Delek Logistics Partners earned $0.73 in the second quarter, compared to $0.74 in the year-ago quarter. The current stock performance of Delek Logistics Partners shows a 52-week-high of $62.33 and a 52-week-low of $36.50. Moreover, at the end of the last trading period, the closing price was at $41.82.

For First Solar Inc FSLR, Deutsche Bank upgraded the previous rating of Hold to Buy. First Solar earned $1.89 in the second quarter, compared to $0.52 in the year-ago quarter. The stock has a 52-week-high of $232.00 and a 52-week-low of $115.66. At the end of the last trading period, First Solar closed at $180.50.

Mizuho upgraded the previous rating for Omega Healthcare Investors Inc OHI from Neutral to Buy. Omega Healthcare Invts earned $0.74 in the second quarter, compared to $0.76 in the year-ago quarter. The current stock performance of Omega Healthcare Invts shows a 52-week-high of $33.15 and a 52-week-low of $25.61. Moreover, at the end of the last trading period, the closing price was at $31.67.

According to SVB Leerink, the prior rating for Spruce Biosciences Inc SPRB was changed from Market Perform to Outperform. Spruce Biosciences earned $0.32 in the second quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $3.57 and a 52-week-low of $0.97. At the end of the last trading period, Spruce Biosciences closed at $2.23.

See all analyst ratings upgrades.

Downgrades

B of A Securities downgraded the previous rating for DigitalOcean Holdings Inc DOCN from Buy to Underperform. For the second quarter, DigitalOcean Holdings had an EPS of $0.44, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $51.69 and a 52-week-low of $23.39. DigitalOcean Holdings closed at $26.58 at the end of the last trading period.

B of A Securities downgraded the previous rating for Vir Biotechnology Inc VIR from Buy to Neutral. For the second quarter, Vir Biotechnology had an EPS of $1.45, compared to year-ago quarter EPS of $0.58. At the moment, the stock has a 52-week-high of $31.55 and a 52-week-low of $11.48. Vir Biotechnology closed at $11.56 at the end of the last trading period.

According to Wolfe Research, the prior rating for Summit Materials Inc SUM was changed from Outperform to Peer Perform. In the second quarter, Summit Materials showed an EPS of $0.71, compared to $0.59 from the year-ago quarter. The stock has a 52-week-high of $39.56 and a 52-week-low of $22.80. At the end of the last trading period, Summit Materials closed at $33.41.

Deutsche Bank downgraded the previous rating for ABM Industries Inc ABM from Buy to Hold. For the third quarter, ABM Indus had an EPS of $0.79, compared to year-ago quarter EPS of $0.94. The stock has a 52-week-high of $49.58 and a 52-week-low of $37.71. At the end of the last trading period, ABM Indus closed at $38.70.

For Clarivate PLC CLVT, Barclays downgraded the previous rating of Equal-Weight to Underweight. In the second quarter, Clarivate showed an EPS of $0.21, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.45 and a 52-week-low of $6.41. Clarivate closed at $7.04 at the end of the last trading period.

According to Citigroup, the prior rating for Essex Property Trust Inc ESS was changed from Buy to Neutral. Essex Property Trust earned $3.77 in the second quarter, compared to $3.68 in the year-ago quarter. At the moment, the stock has a 52-week-high of $280.38 and a 52-week-low of $195.03. Essex Property Trust closed at $231.24 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Alliance Global Partners initiated coverage on Nano X Imaging Ltd NNOX with a Buy rating. The price target for Nano X Imaging is set to $14.50. Nano X Imaging earned $0.18 in the second quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $22.69 and a 52-week-low of $5.31. At the end of the last trading period, Nano X Imaging closed at $7.66.

With a Buy rating, Craig-Hallum initiated coverage on Sonos Inc SONO. The price target seems to have been set at $20.00 for Sonos. Sonos earned $0.16 in the third quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Sonos shows a 52-week-high of $21.98 and a 52-week-low of $13.12. Moreover, at the end of the last trading period, the closing price was at $13.22.

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For Procter & Gamble Co PG, William Blair initiated coverage, by setting the current rating at Market Perform. In the fourth quarter, Procter & Gamble showed an EPS of $1.37, compared to $1.21 from the year-ago quarter. The current stock performance of Procter & Gamble shows a 52-week-high of $158.38 and a 52-week-low of $122.19. Moreover, at the end of the last trading period, the closing price was at $153.59.

With an Overweight rating, Cantor Fitzgerald initiated coverage on Atossa Therapeutics Inc ATOS. The price target seems to have been set at $5.00 for Atossa Therapeutics. Atossa Therapeutics earned $0.08 in the second quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Atossa Therapeutics shows a 52-week-high of $1.39 and a 52-week-low of $0.50. Moreover, at the end of the last trading period, the closing price was at $0.74.

Stifel initiated coverage on Asure Software Inc ASUR with a Buy rating. The price target for Asure Software is set to $15.00. Asure Software earned $0.11 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $17.14 and a 52-week-low of $5.00. Asure Software closed at $11.65 at the end of the last trading period.

RBC Capital initiated coverage on Lucid Group Inc LCID with a Sector Perform rating. The price target for Lucid Gr is set to $6.00. For the second quarter, Lucid Gr had an EPS of $0.40, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $17.81 and a 52-week-low of $5.46. Lucid Gr closed at $6.00 at the end of the last trading period.

RBC Capital initiated coverage on EVgo Inc EVGO with a Sector Perform rating. The price target for EVgo is set to $5.00. EVgo earned $0.08 in the second quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $10.54 and a 52-week-low of $3.45. At the end of the last trading period, EVgo closed at $3.75.

With an Outperform rating, RBC Capital initiated coverage on ChargePoint Holdings Inc CHPT. The price target seems to have been set at $9.00 for ChargePoint Hldgs. ChargePoint Hldgs earned $0.24 in the second quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $19.92 and a 52-week-low of $4.96. At the end of the last trading period, ChargePoint Hldgs closed at $6.29.

Goldman Sachs initiated coverage on RenaissanceRe Holdings Ltd RNR with a Buy rating. The price target for RenaissanceRe Holdings is set to $242.00. RenaissanceRe Holdings earned $8.79 in the second quarter, compared to $5.51 in the year-ago quarter. The current stock performance of RenaissanceRe Holdings shows a 52-week-high of $223.80 and a 52-week-low of $128.30. Moreover, at the end of the last trading period, the closing price was at $194.27.

Goldman Sachs initiated coverage on Everest Group Ltd EG with a Buy rating. The price target for Everest Group is set to $449.00. For the second quarter, Everest Group had an EPS of $15.21, compared to year-ago quarter EPS of $9.79. The current stock performance of Everest Group shows a 52-week-high of $385.00 and a 52-week-low of $343.36. Moreover, at the end of the last trading period, the closing price was at $367.22.

Goldman Sachs initiated coverage on Axis Capital Holdings Ltd AXS with a Sell rating. The price target for Axis Capital Holdings is set to $51.00. For the second quarter, Axis Capital Holdings had an EPS of $2.23, compared to year-ago quarter EPS of $1.74. The current stock performance of Axis Capital Holdings shows a 52-week-high of $63.99 and a 52-week-low of $48.46. Moreover, at the end of the last trading period, the closing price was at $55.16.

Goldman Sachs initiated coverage on Arch Capital Group Ltd ACGL with a Neutral rating. The price target for Arch Capital Group is set to $80.00. Arch Capital Group earned $1.92 in the second quarter, compared to $1.34 in the year-ago quarter. At the moment, the stock has a 52-week-high of $84.83 and a 52-week-low of $41.05. Arch Capital Group closed at $77.87 at the end of the last trading period.

HC Wainwright & Co. initiated coverage on ZyVersa Therapeutics Inc ZVSA with a Buy rating. The price target for ZyVersa Therapeutics is set to $2.50. ZyVersa Therapeutics earned $4.84 in the second quarter, compared to $0.10 in the year-ago quarter. The current stock performance of ZyVersa Therapeutics shows a 52-week-high of $24.29 and a 52-week-low of $0.11. Moreover, at the end of the last trading period, the closing price was at $0.12.

With a Buy rating, DA Davidson initiated coverage on Snowflake Inc SNOW. The price target seems to have been set at $200.00 for Snowflake. In the second quarter, Snowflake showed an EPS of $0.22, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $203.58 and a 52-week-low of $119.27. Snowflake closed at $159.84 at the end of the last trading period.

Baird initiated coverage on Vaxxinity Inc VAXX with an Outperform rating. The price target for Vaxxinity is set to $7.00. In the second quarter, Vaxxinity showed an EPS of $0.11, compared to $0.14 from the year-ago quarter. The current stock performance of Vaxxinity shows a 52-week-high of $4.47 and a 52-week-low of $1.26. Moreover, at the end of the last trading period, the closing price was at $1.77.

With an Overweight rating, Piper Sandler initiated coverage on Surf Air Mobility Inc SRFM. The price target seems to have been set at $4.00 for Surf Air Mobility. In the second quarter, Surf Air Mobility showed an EPS of $3.14, compared to $1.40 from the year-ago quarter. The current stock performance of Surf Air Mobility shows a 52-week-high of $5.00 and a 52-week-low of $1.10. Moreover, at the end of the last trading period, the closing price was at $1.63.

See all analyst ratings initiations.

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