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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For August 4, 2022

Upgrades

UBS upgraded the previous rating for Southern Co (NYSE:SO) from Neutral to Buy. In the second quarter, Southern showed an EPS of $1.07, compared to $0.84 from the year-ago quarter. The current stock performance of Southern shows a 52-week-high of $77.61 and a 52-week-low of $61.77. Moreover, at the end of the last trading period, the closing price was at $77.26.

For Essex Property Trust Inc (NYSE:ESS), Raymond James upgraded the previous rating of Market Perform to Outperform. For the second quarter, Essex Property Trust had an EPS of $3.68, compared to year-ago quarter EPS of $3.04. At the moment, the stock has a 52-week-high of $363.36 and a 52-week-low of $250.62. Essex Property Trust closed at $275.47 at the end of the last trading period.

For Autohome Inc (NYSE:ATHM), B of A Securities upgraded the previous rating of Underperform to Neutral. For the second quarter, Autohome had an EPS of $0.56, compared to year-ago quarter EPS of $0.97. At the moment, the stock has a 52-week-high of $39.99 and a 52-week-low of $20.49. Autohome closed at $39.74 at the end of the last trading period.

For America Movil SAB de CV (NYSE:AMX), Citigroup upgraded the previous rating of Neutral to Buy. For the second quarter, America Movil had an EPS of $0.21, compared to year-ago quarter EPS of $0.64. The stock has a 52-week-high of $22.65 and a 52-week-low of $17.14. At the end of the last trading period, America Movil closed at $18.09.

SVB Leerink upgraded the previous rating for Horizon Therapeutics PLC (NASDAQ:HZNP) from Market Perform to Outperform. In the second quarter, Horizon Therapeutics showed an EPS of $1.07, compared to $1.62 from the year-ago quarter. The current stock performance of Horizon Therapeutics shows a 52-week-high of $117.49 and a 52-week-low of $60.76. Moreover, at the end of the last trading period, the closing price was at $66.96.

See all analyst ratings upgrades.

Downgrades

SMBC Nikko downgraded the previous rating for Boston Properties Inc (NYSE:BXP) from Outperform to Neutral. For the second quarter, Boston Properties had an EPS of $1.94, compared to year-ago quarter EPS of $1.72. The stock has a 52-week-high of $133.11 and a 52-week-low of $84.86. At the end of the last trading period, Boston Properties closed at $88.40.

For Under Armour Inc (NYSE:UAA), William Blair downgraded the previous rating of Hold to Sell. In the second quarter, Under Armour showed an EPS of $0.03, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $22.01 and a 52-week-low of $8.10. At the end of the last trading period, Under Armour closed at $9.33.

Truist Securities downgraded the previous rating for Ball Corp (NYSE:BALL) from Buy to Hold. The stock has a 52-week-high of $75.32 and a 52-week-low of $62.90. At the end of the last trading period, Ball closed at $72.81.

Loop Capital downgraded the previous rating for Weave Communications Inc (NYSE:WEAV) from Buy to Hold. The current stock performance of Weave Communications shows a 52-week-high of $15.65 and a 52-week-low of $2.91. Moreover, at the end of the last trading period, the closing price was at $5.22.

According to Goldman Sachs, the prior rating for Paymentus Holdings Inc (NYSE:PAY) was changed from Buy to Neutral. For the second quarter, Paymentus Holdings had an EPS of $0.00, compared to year-ago quarter EPS of $0.02. The stock has a 52-week-high of $35.00 and a 52-week-low of $11.57. At the end of the last trading period, Paymentus Holdings closed at $18.11.

For Camden National Corp (NASDAQ:CAC), Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Camden National showed an EPS of $1.02, compared to $1.21 from the year-ago quarter. The stock has a 52-week-high of $52.16 and a 52-week-low of $41.48. At the end of the last trading period, Camden National closed at $45.16.

According to Stephens & Co., the prior rating for Ping Identity Holding Corp (NYSE:PING) was changed from Overweight to Equal-Weight. In the second quarter, Ping Identity Holding showed an EPS of $0.34, compared to $0.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $30.40 and a 52-week-low of $15.85. Ping Identity Holding closed at $28.08 at the end of the last trading period.

For Dana Inc (NYSE:DAN), Deutsche Bank downgraded the previous rating of Buy to Hold. Dana earned $0.08 in the second quarter, compared to $0.59 in the year-ago quarter. The stock has a 52-week-high of $25.51 and a 52-week-low of $13.06. At the end of the last trading period, Dana closed at $16.06.

According to UBS, the prior rating for Horizon Therapeutics PLC (NASDAQ:HZNP) was changed from Buy to Neutral. For the second quarter, Horizon Therapeutics had an EPS of $1.07, compared to year-ago quarter EPS of $1.62. At the moment, the stock has a 52-week-high of $117.49 and a 52-week-low of $60.76. Horizon Therapeutics closed at $66.96 at the end of the last trading period.

Raymond James downgraded the previous rating for NexPoint Residential Trust Inc (NYSE:NXRT) from Outperform to Market Perform. For the second quarter, NexPoint Residential had an EPS of $0.79, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $95.04 and a 52-week-low of $57.49. At the end of the last trading period, NexPoint Residential closed at $64.48.

Raymond James downgraded the previous rating for Mid-America Apartment Communities Inc (NYSE:MAA) from Outperform to Market Perform. Mid-America Apartment earned $2.02 in the second quarter, compared to $1.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $230.71 and a 52-week-low of $158.85. Mid-America Apartment closed at $178.05 at the end of the last trading period.

According to Raymond James, the prior rating for Centerspace (NYSE:CSR) was changed from Outperform to Market Perform. Centerspace earned $1.12 in the second quarter, compared to $0.98 in the year-ago quarter. The stock has a 52-week-high of $111.48 and a 52-week-low of $74.99. At the end of the last trading period, Centerspace closed at $85.65.

According to BTIG, the prior rating for Vapotherm Inc (NYSE:VAPO) was changed from Buy to Neutral. Vapotherm earned $0.84 in the second quarter, compared to $0.67 in the year-ago quarter. At the moment, the stock has a 52-week-high of $21.06 and a 52-week-low of $1.87. Vapotherm closed at $2.56 at the end of the last trading period.

According to Wedbush, the prior rating for Revolve Group Inc (NYSE:RVLV) was changed from Outperform to Neutral. In the second quarter, Revolve Gr showed an EPS of $0.22, compared to $0.42 from the year-ago quarter. At the moment, the stock has a 52-week-high of $63.92 and a 52-week-low of $24.10. Revolve Gr closed at $30.94 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for HSBC Holdings PLC (NYSE:HSBC) from Buy to Neutral. In the second quarter, HSBC Holdings showed an EPS of $1.35, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $38.61 and a 52-week-low of $29.17. At the end of the last trading period, HSBC Holdings closed at $32.85.

Cowen & Co. downgraded the previous rating for Kohl's Corp (NYSE:KSS) from Outperform to Market Perform. Kohl's earned $0.11 in the first quarter, compared to $1.05 in the year-ago quarter. The current stock performance of Kohl's shows a 52-week-high of $64.38 and a 52-week-low of $26.07. Moreover, at the end of the last trading period, the closing price was at $31.10.

According to BTIG, the prior rating for Ping Identity Holding Corp (NYSE:PING) was changed from Buy to Neutral. Ping Identity Holding earned $0.34 in the second quarter, compared to $0.11 in the year-ago quarter. The current stock performance of Ping Identity Holding shows a 52-week-high of $30.40 and a 52-week-low of $15.85. Moreover, at the end of the last trading period, the closing price was at $28.08.

For Warrior Met Coal Inc (NYSE:HCC), BMO Capital downgraded the previous rating of Outperform to Market Perform. Warrior Met Coal earned $5.87 in the second quarter, compared to $0.25 in the year-ago quarter. The stock has a 52-week-high of $42.95 and a 52-week-low of $24.72. At the end of the last trading period, Warrior Met Coal closed at $31.52.

Baird downgraded the previous rating for Under Armour Inc (NYSE:UAA) from Outperform to Neutral. In the second quarter, Under Armour showed an EPS of $0.03, compared to $0.24 from the year-ago quarter. At the moment, the stock has a 52-week-high of $22.01 and a 52-week-low of $8.10. Under Armour closed at $9.33 at the end of the last trading period.

For Duluth Holdings Inc (NASDAQ:DLTH), Baird downgraded the previous rating of Outperform to Neutral. Duluth Holdings earned $0.04 in the first quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $15.90 and a 52-week-low of $9.06. At the end of the last trading period, Duluth Holdings closed at $10.07.

According to Jefferies, the prior rating for Medifast Inc (NYSE:MED) was changed from Buy to Hold. For the second quarter, Medifast had an EPS of $3.87, compared to year-ago quarter EPS of $3.96. The stock has a 52-week-high of $222.00 and a 52-week-low of $154.67. At the end of the last trading period, Medifast closed at $171.60.

Morgan Stanley downgraded the previous rating for Levi Strauss & Co (NYSE:LEVI) from Overweight to Equal-Weight. Levi Strauss earned $0.29 in the second quarter, compared to $0.23 in the year-ago quarter. The stock has a 52-week-high of $25.25 and a 52-week-low of $15.62. At the end of the last trading period, Levi Strauss closed at $19.38.

According to Morgan Stanley, the prior rating for Charles River Laboratories International Inc (NYSE:CRL) was changed from Overweight to Equal-Weight. For the second quarter, Charles River had an EPS of $2.77, compared to year-ago quarter EPS of $2.61. At the moment, the stock has a 52-week-high of $376.78 and a 52-week-low of $203.37. Charles River closed at $221.38 at the end of the last trading period.

Canaccord Genuity downgraded the previous rating for Skillz Inc (NYSE:SKLZ) from Buy to Hold. For the second quarter, Skillz had an EPS of $0.15, compared to year-ago quarter EPS of $0.21. The current stock performance of Skillz shows a 52-week-high of $7.78 and a 52-week-low of $1.15. Moreover, at the end of the last trading period, the closing price was at $1.81.

According to Piper Sandler, the prior rating for Trupanion Inc (NASDAQ:TRUP) was changed from Overweight to Neutral. For the second quarter, Trupanion had an EPS of $0.33, compared to year-ago quarter EPS of $0.08. The current stock performance of Trupanion shows a 52-week-high of $135.11 and a 52-week-low of $50.81. Moreover, at the end of the last trading period, the closing price was at $68.00.

William Blair downgraded the previous rating for Vapotherm Inc (NYSE:VAPO) from Outperform to Market Perform. Vapotherm earned $0.84 in the second quarter, compared to $0.67 in the year-ago quarter. The stock has a 52-week-high of $21.06 and a 52-week-low of $1.87. At the end of the last trading period, Vapotherm closed at $2.56.

Keybanc downgraded the previous rating for Ping Identity Holding Corp (NYSE:PING) from Overweight to Sector Weight. For the second quarter, Ping Identity Holding had an EPS of $0.34, compared to year-ago quarter EPS of $0.11. The current stock performance of Ping Identity Holding shows a 52-week-high of $30.40 and a 52-week-low of $15.85. Moreover, at the end of the last trading period, the closing price was at $28.08.

See all analyst ratings downgrades.

Initiations

With a Neutral rating, MKM Partners initiated coverage on 8x8 Inc (NYSE:EGHT). The price target seems to have been set at $5.50 for 8x8. In the first quarter, 8x8 showed an EPS of $0.09, compared to $0.01 from the year-ago quarter. At the moment, the stock has a 52-week-high of $17.92 and a 52-week-low of $4.35. 8x8 closed at $5.61 at the end of the last trading period.

MKM Partners initiated coverage on RingCentral Inc (NYSE:RNG) with a Buy rating. The price target for RingCentral is set to $80.00. RingCentral earned $0.45 in the second quarter, compared to $0.32 in the year-ago quarter. The stock has a 52-week-high of $194.40 and a 52-week-low of $47.28. At the end of the last trading period, RingCentral closed at $53.04.

Janney Montgomery Scott initiated coverage on Valley National Bancorp (NASDAQ:VLY) with a Buy rating. Valley National earned $0.32 in the second quarter, compared to $0.30 in the year-ago quarter. The current stock performance of Valley National shows a 52-week-high of $15.10 and a 52-week-low of $10.01. Moreover, at the end of the last trading period, the closing price was at $11.80.

MKM Partners initiated coverage on Zoom Video Communications Inc (NASDAQ:ZM) with a Buy rating. The price target for Zoom Video Comms is set to $135.00. Zoom Video Comms earned $1.03 in the first quarter, compared to $1.32 in the year-ago quarter. The stock has a 52-week-high of $184.91 and a 52-week-low of $79.03. At the end of the last trading period, Zoom Video Comms closed at $112.97.

Ladenburg Thalmann initiated coverage on Fortress Biotech Inc (NASDAQ:FBIO) with a Buy rating. The price target for Fortress Biotech is set to $6.00. For the first quarter, Fortress Biotech had an EPS of $0.10, compared to year-ago quarter EPS of $0.09. At the moment, the stock has a 52-week-high of $2.78 and a 52-week-low of $0.77. Fortress Biotech closed at $1.00 at the end of the last trading period.

BTIG initiated coverage on Silvergate Capital Corp (NYSE:SI) with a Buy rating. The price target for Silvergate Capital is set to $135.00. Silvergate Capital earned $1.13 in the second quarter, compared to $0.80 in the year-ago quarter. The current stock performance of Silvergate Capital shows a 52-week-high of $162.65 and a 52-week-low of $50.65. Moreover, at the end of the last trading period, the closing price was at $95.80.

With a Buy rating, B of A Securities initiated coverage on Endeavor Group Holdings Inc (NYSE:EDR). The price target seems to have been set at $28.00 for Endeavor Gr Hldgs. For the first quarter, Endeavor Gr Hldgs had an EPS of $0.29, compared to year-ago quarter EPS of $0.23. The current stock performance of Endeavor Gr Hldgs shows a 52-week-high of $35.28 and a 52-week-low of $17.42. Moreover, at the end of the last trading period, the closing price was at $23.44.

See all analyst ratings initiations.

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