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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For August 2, 2022

Upgrades

For Transocean Ltd (NYSE:RIG), Capital One upgraded the previous rating of Equal-Weight to Overweight. Transocean earned $0.10 in the second quarter, compared to $0.18 in the year-ago quarter. At the moment, the stock has a 52-week-high of $5.56 and a 52-week-low of $2.32. Transocean closed at $3.22 at the end of the last trading period.

Raymond James upgraded the previous rating for Tricon Residential Inc (NYSE:TCN) from Outperform to Strong Buy. For the first quarter, Tricon Residential had an EPS of $0.14, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $17.23 and a 52-week-low of $9.33. At the end of the last trading period, Tricon Residential closed at $10.87.

Credit Suisse upgraded the previous rating for BanColombia SA (NYSE:CIB) from Neutral to Outperform. In the first quarter, BanColombia showed an EPS of $1.92, compared to $0.34 from the year-ago quarter. The stock has a 52-week-high of $45.98 and a 52-week-low of $26.27. At the end of the last trading period, BanColombia closed at $28.71.

Raymond James upgraded the previous rating for bluebird bio Inc (NASDAQ:BLUE) from Market Perform to Outperform. For the first quarter, bluebird bio had an EPS of $1.66, compared to year-ago quarter EPS of $3.07. At the moment, the stock has a 52-week-high of $10.74 and a 52-week-low of $2.87. bluebird bio closed at $3.75 at the end of the last trading period.

According to JP Morgan, the prior rating for TransMedics Group Inc (NASDAQ:TMDX) was changed from Neutral to Overweight. For the second quarter, TransMedics Group had an EPS of $0.41, compared to year-ago quarter EPS of $0.39. The current stock performance of TransMedics Group shows a 52-week-high of $42.00 and a 52-week-low of $10.00. Moreover, at the end of the last trading period, the closing price was at $41.58.

See all analyst ratings upgrades.

Downgrades

According to Scotiabank, the prior rating for Continental Resources Inc (NYSE:CLR) was changed from Sector Outperform to Sector Perform. Continental Resources earned $3.47 in the second quarter, compared to $0.91 in the year-ago quarter. At the moment, the stock has a 52-week-high of $75.49 and a 52-week-low of $44.38. Continental Resources closed at $67.93 at the end of the last trading period.

According to Maxim Group, the prior rating for Kazia Therapeutics Ltd (NASDAQ:KZIA) was changed from Buy to Hold. The current stock performance of Kazia Therapeutics shows a 52-week-high of $8.79 and a 52-week-low of $1.63. Moreover, at the end of the last trading period, the closing price was at $1.92.

Northcoast Research downgraded the previous rating for EVO Payments Inc (NASDAQ:EVOP) from Buy to Neutral. In the second quarter, EVO Payments showed an EPS of $0.30, compared to $0.21 from the year-ago quarter. At the moment, the stock has a 52-week-high of $33.86 and a 52-week-low of $21.01. EVO Payments closed at $33.71 at the end of the last trading period.

According to UBS, the prior rating for Choice Hotels International Inc (NYSE:CHH) was changed from Buy to Neutral. For the first quarter, Choice Hotels Intl had an EPS of $1.03, compared to year-ago quarter EPS of $0.57. The current stock performance of Choice Hotels Intl shows a 52-week-high of $157.00 and a 52-week-low of $108.70. Moreover, at the end of the last trading period, the closing price was at $122.06.

For Alexandria Real Estate Equities Inc (NYSE:ARE), TD Securities downgraded the previous rating of Buy to Hold. Alexandria Real Estate earned $2.10 in the second quarter, compared to $1.93 in the year-ago quarter. At the moment, the stock has a 52-week-high of $224.33 and a 52-week-low of $130.00. Alexandria Real Estate closed at $164.32 at the end of the last trading period.

For HSBC Holdings PLC (NYSE:HSBC), Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. HSBC Holdings earned $1.35 in the second quarter, compared to $0.85 in the year-ago quarter. At the moment, the stock has a 52-week-high of $38.61 and a 52-week-low of $29.17. HSBC Holdings closed at $33.44 at the end of the last trading period.

BTIG downgraded the previous rating for Builders FirstSource Inc (NYSE:BLDR) from Buy to Neutral. For the second quarter, Builders FirstSource had an EPS of $6.26, compared to year-ago quarter EPS of $2.76. At the moment, the stock has a 52-week-high of $86.48 and a 52-week-low of $48.91. Builders FirstSource closed at $73.34 at the end of the last trading period.

Truist Securities downgraded the previous rating for Woodward Inc (NASDAQ:WWD) from Buy to Hold. Woodward earned $0.64 in the third quarter, compared to $0.74 in the year-ago quarter. The current stock performance of Woodward shows a 52-week-high of $129.12 and a 52-week-low of $87.59. Moreover, at the end of the last trading period, the closing price was at $104.79.

Berenberg downgraded the previous rating for Four Corners Property Trust Inc (NYSE:FCPT) from Buy to Hold. For the second quarter, Four Corners Property had an EPS of $0.41, compared to year-ago quarter EPS of $0.38. At the moment, the stock has a 52-week-high of $30.13 and a 52-week-low of $24.24. Four Corners Property closed at $28.78 at the end of the last trading period.

For PerkinElmer Inc (NYSE:PKI), B of A Securities downgraded the previous rating of Buy to Neutral. In the second quarter, PerkinElmer showed an EPS of $2.32, compared to $2.83 from the year-ago quarter. At the moment, the stock has a 52-week-high of $201.05 and a 52-week-low of $130.65. PerkinElmer closed at $160.87 at the end of the last trading period.

According to William Blair, the prior rating for EVO Payments Inc (NASDAQ:EVOP) was changed from Outperform to Market Perform. For the second quarter, EVO Payments had an EPS of $0.30, compared to year-ago quarter EPS of $0.21. The current stock performance of EVO Payments shows a 52-week-high of $33.86 and a 52-week-low of $21.01. Moreover, at the end of the last trading period, the closing price was at $33.71.

For Teladoc Health Inc (NYSE:TDOC), Berenberg downgraded the previous rating of Buy to Hold. In the second quarter, Teladoc Health showed an EPS of $0.44, compared to $0.86 from the year-ago quarter. The current stock performance of Teladoc Health shows a 52-week-high of $95.71 and a 52-week-low of $27.38. Moreover, at the end of the last trading period, the closing price was at $36.81.

According to Cowen & Co., the prior rating for Teladoc Health Inc (NYSE:TDOC) was changed from Outperform to Market Perform. In the second quarter, Teladoc Health showed an EPS of $0.44, compared to $0.86 from the year-ago quarter. At the moment, the stock has a 52-week-high of $95.71 and a 52-week-low of $27.38. Teladoc Health closed at $36.81 at the end of the last trading period.

HC Wainwright & Co. downgraded the previous rating for Otonomy Inc (NASDAQ:OTIC) from Buy to Neutral. Otonomy earned $0.19 in the second quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Otonomy shows a 52-week-high of $2.59 and a 52-week-low of $0.29. Moreover, at the end of the last trading period, the closing price was at $0.29.

Cowen & Co. downgraded the previous rating for Farfetch Ltd (NYSE:FTCH) from Outperform to Market Perform. In the first quarter, Farfetch showed an EPS of $0.24, compared to $0.22 from the year-ago quarter. The current stock performance of Farfetch shows a 52-week-high of $35.26 and a 52-week-low of $6.52. Moreover, at the end of the last trading period, the closing price was at $8.23.

DZ Bank downgraded the previous rating for Intel Corp (NASDAQ:INTC) from Hold to Sell. Intel earned $0.29 in the second quarter, compared to $1.28 in the year-ago quarter. The current stock performance of Intel shows a 52-week-high of $56.28 and a 52-week-low of $35.24. Moreover, at the end of the last trading period, the closing price was at $36.96.

For Snowflake Inc (NYSE:SNOW), BTIG downgraded the previous rating of Buy to Neutral. Snowflake earned $0.08 in the first quarter, compared to $0.12 in the year-ago quarter. At the moment, the stock has a 52-week-high of $344.00 and a 52-week-low of $110.27. Snowflake closed at $150.98 at the end of the last trading period.

For JELD-WEN Holding Inc (NYSE:JELD), Stifel downgraded the previous rating of Buy to Hold. JELD-WEN Holding earned $0.57 in the second quarter, compared to $0.59 in the year-ago quarter. The current stock performance of JELD-WEN Holding shows a 52-week-high of $27.59 and a 52-week-low of $12.12. Moreover, at the end of the last trading period, the closing price was at $15.34.

For Amedisys Inc (NASDAQ:AMED), UBS downgraded the previous rating of Neutral to Sell. For the second quarter, Amedisys had an EPS of $1.47, compared to year-ago quarter EPS of $1.69. At the moment, the stock has a 52-week-high of $179.91 and a 52-week-low of $101.61. Amedisys closed at $127.87 at the end of the last trading period.

HC Wainwright & Co. downgraded the previous rating for Kazia Therapeutics Ltd (NASDAQ:KZIA) from Buy to Neutral. The current stock performance of Kazia Therapeutics shows a 52-week-high of $8.79 and a 52-week-low of $1.63. Moreover, at the end of the last trading period, the closing price was at $1.92.

BMO Capital downgraded the previous rating for Nuvation Bio Inc (NYSE:NUVB) from Outperform to Market Perform. In the first quarter, Nuvation Bio showed an EPS of $0.10, compared to $0.12 from the year-ago quarter. At the moment, the stock has a 52-week-high of $8.88 and a 52-week-low of $2.48. Nuvation Bio closed at $2.49 at the end of the last trading period.

For Cracker Barrel Old Country Store Inc (NASDAQ:CBRL), Deutsche Bank downgraded the previous rating of Buy to Hold. For the third quarter, Cracker Barrel Old had an EPS of $1.29, compared to year-ago quarter EPS of $1.51. The current stock performance of Cracker Barrel Old shows a 52-week-high of $139.90 and a 52-week-low of $81.87. Moreover, at the end of the last trading period, the closing price was at $96.22.

According to Evercore ISI Group, the prior rating for Tellurian Inc (AMEX:TELL) was changed from Outperform to In-Line. Tellurian earned $0.14 in the first quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Tellurian shows a 52-week-high of $6.54 and a 52-week-low of $2.23. Moreover, at the end of the last trading period, the closing price was at $3.56.

For Builders FirstSource Inc (NYSE:BLDR), RBC Capital downgraded the previous rating of Outperform to Sector Perform. In the second quarter, Builders FirstSource showed an EPS of $6.26, compared to $2.76 from the year-ago quarter. The current stock performance of Builders FirstSource shows a 52-week-high of $86.48 and a 52-week-low of $48.91. Moreover, at the end of the last trading period, the closing price was at $73.34.

According to Citigroup, the prior rating for Kodiak Sciences Inc (NASDAQ:KOD) was changed from Neutral to Sell. For the first quarter, Kodiak Sciences had an EPS of $1.83, compared to year-ago quarter EPS of $0.98. At the moment, the stock has a 52-week-high of $90.24 and a 52-week-low of $4.90. Kodiak Sciences closed at $9.55 at the end of the last trading period.

According to Stifel, the prior rating for Matson Inc (NYSE:MATX) was changed from Buy to Hold. For the second quarter, Matson had an EPS of $9.49, compared to year-ago quarter EPS of $3.71. The stock has a 52-week-high of $125.34 and a 52-week-low of $68.36. At the end of the last trading period, Matson closed at $91.26.

BTIG downgraded the previous rating for Nuvation Bio Inc (NYSE:NUVB) from Buy to Neutral. Nuvation Bio earned $0.10 in the first quarter, compared to $0.12 in the year-ago quarter. The stock has a 52-week-high of $8.88 and a 52-week-low of $2.48. At the end of the last trading period, Nuvation Bio closed at $2.49.

According to Keybanc, the prior rating for TimkenSteel Corp (NYSE:TMST) was changed from Overweight to Sector Weight. In the first quarter, TimkenSteel showed an EPS of $0.92, compared to $0.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $26.23 and a 52-week-low of $12.67. TimkenSteel closed at $19.72 at the end of the last trading period.

See all analyst ratings downgrades.

Initiations

Northland Capital Markets initiated coverage on Plug Power Inc (NASDAQ:PLUG) with a Market Perform rating. The price target for Plug Power is set to $25.00. For the first quarter, Plug Power had an EPS of $0.27, compared to year-ago quarter EPS of $0.12. At the moment, the stock has a 52-week-high of $32.05 and a 52-week-low of $12.70. Plug Power closed at $21.24 at the end of the last trading period.

For scPharmaceuticals Inc (NASDAQ:SCPH), Maxim Group initiated coverage, by setting the current rating at Buy. scPharmaceuticals earned $0.28 in the first quarter, compared to $0.26 in the year-ago quarter. The current stock performance of scPharmaceuticals shows a 52-week-high of $6.80 and a 52-week-low of $3.68. Moreover, at the end of the last trading period, the closing price was at $4.89.

With a Neutral rating, JP Morgan initiated coverage on Kyndryl Holdings Inc (NYSE:KD). The price target seems to have been set at $12.00 for Kyndryl Hldgs. Kyndryl Hldgs earned $1.02 in the first quarter, compared to $2.20 in the year-ago quarter. The stock has a 52-week-high of $19.63 and a 52-week-low of $9.10. At the end of the last trading period, Kyndryl Hldgs closed at $10.89.

With an Overweight rating, JP Morgan initiated coverage on Alight Inc (NYSE:ALIT). The price target seems to have been set at $10.00 for Alight. The current stock performance of Alight shows a 52-week-high of $11.10 and a 52-week-low of $6.31. Moreover, at the end of the last trading period, the closing price was at $7.42.

With a Buy rating, BTIG initiated coverage on Immunocore Holdings PLC (NASDAQ:IMCR). The price target seems to have been set at $85.00 for Immunocore Hldgs. In the first quarter, Immunocore Hldgs showed an EPS of $0.48, compared to $1.04 from the year-ago quarter. The current stock performance of Immunocore Hldgs shows a 52-week-high of $49.32 and a 52-week-low of $18.43. Moreover, at the end of the last trading period, the closing price was at $44.73.

UBS initiated coverage on IVERIC bio Inc (NASDAQ:ISEE) with a Buy rating. The price target for IVERIC bio is set to $20.00. In the second quarter, IVERIC bio showed an EPS of $0.41, compared to $0.32 from the year-ago quarter. The stock has a 52-week-high of $19.34 and a 52-week-low of $8.85. At the end of the last trading period, IVERIC bio closed at $10.51.

With an Outperform rating, BMO Capital initiated coverage on Constellation Brands Inc (NYSE:STZ). The price target seems to have been set at $290.00 for Constellation Brands. For the first quarter, Constellation Brands had an EPS of $2.66, compared to year-ago quarter EPS of $2.33. The current stock performance of Constellation Brands shows a 52-week-high of $261.52 and a 52-week-low of $207.59. Moreover, at the end of the last trading period, the closing price was at $244.15.

With a Buy rating, Benchmark initiated coverage on Chesapeake Energy Corp (NASDAQ:CHK). The price target seems to have been set at $137.00 for Chesapeake Energy. At the moment, the stock has a 52-week-high of $105.00 and a 52-week-low of $61.45. Chesapeake Energy closed at $90.42 at the end of the last trading period.

Benchmark initiated coverage on Stagwell Inc (NASDAQ:STGW) with a Buy rating. The price target for Stagwell is set to $15.00. Stagwell earned $0.11 in the first quarter, compared to $0.01 in the year-ago quarter. At the moment, the stock has a 52-week-high of $8.92 and a 52-week-low of $4.80. Stagwell closed at $6.65 at the end of the last trading period.

With a Buy rating, Goldman Sachs initiated coverage on Ross Stores Inc (NASDAQ:ROST). The price target seems to have been set at $102.00 for Ross Stores. For the first quarter, Ross Stores had an EPS of $0.97, compared to year-ago quarter EPS of $1.34. The current stock performance of Ross Stores shows a 52-week-high of $115.22 and a 52-week-low of $69.24. Moreover, at the end of the last trading period, the closing price was at $82.30.

With a Buy rating, Goldman Sachs initiated coverage on Burlington Stores Inc (NYSE:BURL). The price target seems to have been set at $183.00 for Burlington Stores. For the first quarter, Burlington Stores had an EPS of $0.54, compared to year-ago quarter EPS of $2.59. The current stock performance of Burlington Stores shows a 52-week-high of $292.96 and a 52-week-low of $133.28. Moreover, at the end of the last trading period, the closing price was at $150.17.

With a Neutral rating, Goldman Sachs initiated coverage on TJX Companies Inc (NYSE:TJX). The price target seems to have been set at $70.00 for TJX Companies. For the first quarter, TJX Companies had an EPS of $0.68, compared to year-ago quarter EPS of $0.44. The stock has a 52-week-high of $77.35 and a 52-week-low of $53.69. At the end of the last trading period, TJX Companies closed at $62.65.

Stephens & Co. initiated coverage on Xperi Holding Corp (NASDAQ:XPER) with a Equal-Weight rating. The price target for Xperi Holding is set to $19.00. For the first quarter, Xperi Holding had an EPS of $0.92, compared to year-ago quarter EPS of $0.59. The stock has a 52-week-high of $19.90 and a 52-week-low of $13.39. At the end of the last trading period, Xperi Holding closed at $16.88.

With a Buy rating, Stifel initiated coverage on Merus NV (NASDAQ:MRUS). The price target seems to have been set at $38.00 for Merus. Merus earned $0.43 in the first quarter, compared to $0.28 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.37 and a 52-week-low of $13.46. Merus closed at $24.76 at the end of the last trading period.

See all analyst ratings initiations.

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