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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For June 21, 2022

Upgrades

B of A Securities upgraded the previous rating for FMC Corp (NYSE:FMC) from Underperform to Buy. For the first quarter, FMC had an EPS of $1.88, compared to year-ago quarter EPS of $1.53. At the moment, the stock has a 52-week-high of $140.99 and a 52-week-low of $87.27. FMC closed at $103.98 at the end of the last trading period.

For StepStone Group Inc (NASDAQ:STEP), Raymond James upgraded the previous rating of Outperform to Strong Buy. StepStone Group earned $0.38 in the fourth quarter, compared to $0.25 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.19 and a 52-week-low of $22.39. StepStone Group closed at $26.10 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Pearson PLC (NYSE:PSO) was changed from Hold to Buy. At the moment, the stock has a 52-week-high of $12.36 and a 52-week-low of $7.68. Pearson closed at $9.31 at the end of the last trading period.

Wedbush upgraded the previous rating for Chewy Inc (NYSE:CHWY) from Neutral to Outperform. Chewy earned $0.04 in the first quarter, compared to $0.09 in the year-ago quarter. The current stock performance of Chewy shows a 52-week-high of $97.74 and a 52-week-low of $22.22. Moreover, at the end of the last trading period, the closing price was at $28.70.

For ABM Industries Inc (NYSE:ABM), Baird upgraded the previous rating of Neutral to Outperform. In the second quarter, ABM Indus showed an EPS of $0.89, compared to $0.82 from the year-ago quarter. At the moment, the stock has a 52-week-high of $54.00 and a 52-week-low of $38.08. ABM Indus closed at $39.01 at the end of the last trading period.

According to Wells Fargo, the prior rating for Church & Dwight Co Inc (NYSE:CHD) was changed from Equal-Weight to Overweight. For the first quarter, Church & Dwight Co had an EPS of $0.83, compared to year-ago quarter EPS of $0.83. The current stock performance of Church & Dwight Co shows a 52-week-high of $105.28 and a 52-week-low of $80.34. Moreover, at the end of the last trading period, the closing price was at $82.13.

RBC Capital upgraded the previous rating for Suncor Energy Inc (NYSE:SU) from Sector Perform to Outperform. In the first quarter, Suncor Energy showed an EPS of $1.52, compared to $0.39 from the year-ago quarter. The current stock performance of Suncor Energy shows a 52-week-high of $42.72 and a 52-week-low of $17.10. Moreover, at the end of the last trading period, the closing price was at $34.32.

Credit Suisse upgraded the previous rating for Hyatt Hotels Corp (NYSE:H) from Underperform to Neutral. Hyatt Hotels earned $0.33 in the first quarter, compared to $3.57 in the year-ago quarter. The current stock performance of Hyatt Hotels shows a 52-week-high of $108.10 and a 52-week-low of $67.70. Moreover, at the end of the last trading period, the closing price was at $75.91.

For CubeSmart (NYSE:CUBE), B of A Securities upgraded the previous rating of Neutral to Buy. CubeSmart earned $0.58 in the first quarter, compared to $0.47 in the year-ago quarter. The stock has a 52-week-high of $57.34 and a 52-week-low of $38.67. At the end of the last trading period, CubeSmart closed at $40.00.

For Charles Schwab Corp (NYSE:SCHW), UBS upgraded the previous rating of Neutral to Buy. For the first quarter, Charles Schwab had an EPS of $0.77, compared to year-ago quarter EPS of $0.84. The current stock performance of Charles Schwab shows a 52-week-high of $96.24 and a 52-week-low of $59.35. Moreover, at the end of the last trading period, the closing price was at $59.99.

According to BMO Capital, the prior rating for LTC Properties Inc (NYSE:LTC) was changed from Underperform to Market Perform. For the first quarter, LTC Properties had an EPS of $0.60, compared to year-ago quarter EPS of $0.62. At the moment, the stock has a 52-week-high of $40.33 and a 52-week-low of $31.36. LTC Properties closed at $37.18 at the end of the last trading period.

For American Tower Corp (NYSE:AMT), JP Morgan upgraded the previous rating of Underweight to Overweight. For the first quarter, American Tower had an EPS of $2.55, compared to year-ago quarter EPS of $2.46. At the moment, the stock has a 52-week-high of $303.72 and a 52-week-low of $220.00. American Tower closed at $236.17 at the end of the last trading period.

For Centene Corp (NYSE:CNC), Credit Suisse upgraded the previous rating of Neutral to Outperform. Centene earned $1.83 in the first quarter, compared to $1.63 in the year-ago quarter. The stock has a 52-week-high of $89.92 and a 52-week-low of $59.67. At the end of the last trading period, Centene closed at $76.32.

According to Credit Suisse, the prior rating for Exxon Mobil Corp (NYSE:XOM) was changed from Neutral to Outperform. Exxon Mobil earned $2.07 in the first quarter, compared to $0.65 in the year-ago quarter. At the moment, the stock has a 52-week-high of $105.57 and a 52-week-low of $52.10. Exxon Mobil closed at $86.12 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

Exane BNP Paribas downgraded the previous rating for Wayfair Inc (NYSE:W) from Outperform to Neutral. In the first quarter, Wayfair showed an EPS of $1.96, compared to $1.00 from the year-ago quarter. The current stock performance of Wayfair shows a 52-week-high of $328.21 and a 52-week-low of $43.72. Moreover, at the end of the last trading period, the closing price was at $45.80.

UBS downgraded the previous rating for Keurig Dr Pepper Inc (NASDAQ:KDP) from Buy to Neutral. In the first quarter, Keurig Dr Pepper showed an EPS of $0.33, compared to $0.33 from the year-ago quarter. The stock has a 52-week-high of $39.35 and a 52-week-low of $32.44. At the end of the last trading period, Keurig Dr Pepper closed at $34.35.

According to UBS, the prior rating for Molson Coors Beverage Co (NYSE:TAP) was changed from Buy to Neutral. Molson Coors Beverage earned $0.29 in the first quarter, compared to $0.01 in the year-ago quarter. The current stock performance of Molson Coors Beverage shows a 52-week-high of $57.78 and a 52-week-low of $42.46. Moreover, at the end of the last trading period, the closing price was at $50.37.

For iMedia Brands Inc (NASDAQ:IMBI), B. Riley Securities downgraded the previous rating of Buy to Neutral. For the first quarter, iMedia Brands had an EPS of $0.55, compared to year-ago quarter EPS of $0.21. At the moment, the stock has a 52-week-high of $8.48 and a 52-week-low of $1.27. iMedia Brands closed at $1.33 at the end of the last trading period.

B. Riley Securities downgraded the previous rating for Gaia Inc (NASDAQ:GAIA) from Buy to Neutral. Gaia earned $0.01 in the first quarter, compared to $0.02 in the year-ago quarter. The stock has a 52-week-high of $12.42 and a 52-week-low of $4.05. At the end of the last trading period, Gaia closed at $4.36.

B. Riley Securities downgraded the previous rating for American Outdoor Brands Inc (NASDAQ:AOUT) from Buy to Neutral. In the third quarter, American Outdoor Brands showed an EPS of $0.52, compared to $0.82 from the year-ago quarter. At the moment, the stock has a 52-week-high of $36.62 and a 52-week-low of $9.81. American Outdoor Brands closed at $10.00 at the end of the last trading period.

According to B. Riley Securities, the prior rating for MarineMax Inc (NYSE:HZO) was changed from Buy to Neutral. For the second quarter, MarineMax had an EPS of $2.37, compared to year-ago quarter EPS of $1.69. The stock has a 52-week-high of $61.06 and a 52-week-low of $35.60. At the end of the last trading period, MarineMax closed at $37.09.

According to B. Riley Securities, the prior rating for Six Flags Entertainment Corp (NYSE:SIX) was changed from Buy to Neutral. In the first quarter, Six Flags Entertainment showed an EPS of $0.76, compared to $1.12 from the year-ago quarter. The current stock performance of Six Flags Entertainment shows a 52-week-high of $47.24 and a 52-week-low of $19.91. Moreover, at the end of the last trading period, the closing price was at $21.98.

B of A Securities downgraded the previous rating for Life Storage Inc (NYSE:LSI) from Buy to Neutral. For the first quarter, Life Storage had an EPS of $1.44, compared to year-ago quarter EPS of $1.08. At the moment, the stock has a 52-week-high of $154.45 and a 52-week-low of $100.66. Life Storage closed at $105.23 at the end of the last trading period.

For International Paper Co (NYSE:IP), Citigroup downgraded the previous rating of Buy to Neutral. International Paper earned $0.76 in the first quarter, compared to $0.76 in the year-ago quarter. The current stock performance of International Paper shows a 52-week-high of $62.70 and a 52-week-low of $40.45. Moreover, at the end of the last trading period, the closing price was at $42.35.

Stephens & Co. downgraded the previous rating for Pennant Group Inc (NASDAQ:PNTG) from Overweight to Equal-Weight. For the first quarter, Pennant Gr had an EPS of $0.11, compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $44.23 and a 52-week-low of $11.38. At the end of the last trading period, Pennant Gr closed at $15.46.

For Under Armour Inc (NYSE:UAA), Cowen & Co. downgraded the previous rating of Outperform to Market Perform. Under Armour earned $0.01 in the first quarter, compared to $0.16 in the year-ago quarter. The stock has a 52-week-high of $27.28 and a 52-week-low of $8.84. At the end of the last trading period, Under Armour closed at $9.16.

For National Health Investors Inc (NYSE:NHI), BMO Capital downgraded the previous rating of Outperform to Market Perform. National Health Investors earned $1.10 in the first quarter, compared to $1.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $69.23 and a 52-week-low of $50.22. National Health Investors closed at $60.76 at the end of the last trading period.

For WestRock Co (NYSE:WRK), Citigroup downgraded the previous rating of Buy to Neutral. WestRock earned $1.17 in the second quarter, compared to $0.54 in the year-ago quarter. The current stock performance of WestRock shows a 52-week-high of $55.61 and a 52-week-low of $40.30. Moreover, at the end of the last trading period, the closing price was at $41.10.

According to Goldman Sachs, the prior rating for SunPower Corp (NASDAQ:SPWR) was changed from Neutral to Sell. For the first quarter, SunPower had an EPS of $0.02, compared to year-ago quarter EPS of $0.05. At the moment, the stock has a 52-week-high of $34.61 and a 52-week-low of $12.78. SunPower closed at $17.93 at the end of the last trading period.

For Sunnova Energy International Inc (NYSE:NOVA), Goldman Sachs downgraded the previous rating of Buy to Neutral. For the first quarter, Sunnova Energy Intl had an EPS of $0.30, compared to year-ago quarter EPS of $0.31. At the moment, the stock has a 52-week-high of $46.40 and a 52-week-low of $12.47. Sunnova Energy Intl closed at $19.76 at the end of the last trading period.

For Adobe Inc (NASDAQ:ADBE), Morgan Stanley downgraded the previous rating of Overweight to Equal-Weight. In the second quarter, Adobe showed an EPS of $3.35, compared to $3.03 from the year-ago quarter. At the moment, the stock has a 52-week-high of $699.54 and a 52-week-low of $338.00. Adobe closed at $360.79 at the end of the last trading period.

JP Morgan downgraded the previous rating for Hyliion Holdings Corp (NYSE:HYLN) from Neutral to Underweight. Hyliion Holdings earned $0.16 in the first quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $12.84 and a 52-week-low of $2.69. At the end of the last trading period, Hyliion Holdings closed at $3.66.

See all analyst ratings downgrades.

Initiations

With an Underperform rating, B of A Securities initiated coverage on Embecta Corp (NASDAQ:EMBC). The price target seems to have been set at $25.00 for Embecta. For the second quarter, Embecta had an EPS of $1.38, compared to year-ago quarter EPS of $1.87. NoneThe current stock performance of Embecta shows a 52-week-high of $34.17 and a 52-week-low of $23.84. Moreover, at the end of the last trading period, the closing price was at $28.26.

With a Buy rating, Redburn Partners initiated coverage on Global Business Travel Group Inc (NYSE:GBTG). The price target seems to have been set at $12.50 for Global Business Travel. The stock has a 52-week-high of $9.28 and a 52-week-low of $5.88. At the end of the last trading period, Global Business Travel closed at $6.79.

With a Buy rating, Roth Capital initiated coverage on Farmland Partners Inc (NYSE:FPI). The price target seems to have been set at $16.00 for Farmland Partners. Farmland Partners earned $0.04 in the first quarter, compared to $0.05 in the year-ago quarter. The current stock performance of Farmland Partners shows a 52-week-high of $16.43 and a 52-week-low of $10.62. Moreover, at the end of the last trading period, the closing price was at $14.11.

EF Hutton initiated coverage on Invacare Corp (NYSE:IVC) with a Buy rating. The price target for Invacare is set to $2.75. For the first quarter, Invacare had an EPS of $0.69, compared to year-ago quarter EPS of $0.36. The stock has a 52-week-high of $8.83 and a 52-week-low of $0.80. At the end of the last trading period, Invacare closed at $1.37.

Raymond James initiated coverage on Farmer Bros Co (NASDAQ:FARM) with a Strong Buy rating. The price target for Farmer Bros is set to $1.10. In the third quarter, Farmer Bros showed an EPS of $0.23, compared to $0.78 from the year-ago quarter. At the moment, the stock has a 52-week-high of $12.94 and a 52-week-low of $4.61. Farmer Bros closed at $4.75 at the end of the last trading period.

Benchmark initiated coverage on Tenon Medical Inc (NASDAQ:TNON) with a Speculative Buy rating. The price target for Tenon Medical is set to $6.00. Tenon Medical earned $2.38 in the first quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $59.89 and a 52-week-low of $1.95. At the end of the last trading period, Tenon Medical closed at $2.16.

B of A Securities initiated coverage on Palantir Technologies Inc (NYSE:PLTR) with a Buy rating. The price target for Palantir Technologies is set to $13.00. Palantir Technologies earned $0.02 in the first quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $29.29 and a 52-week-low of $6.44. Palantir Technologies closed at $8.24 at the end of the last trading period.

Citigroup initiated coverage on KE Holdings Inc (NYSE:BEKE) with a Buy rating. The price target for KE Holdings is set to $22.50. In the first quarter, KE Holdings showed an EPS of $0.00, compared to $0.19 from the year-ago quarter. The stock has a 52-week-high of $52.55 and a 52-week-low of $7.31. At the end of the last trading period, KE Holdings closed at $15.88.

With a Peer Perform rating, Wolfe Research initiated coverage on Rexford Industrial Realty Inc (NYSE:REXR). The price target seems to have been set at $63.00 for Rexford Industrial Realty. Rexford Industrial Realty earned $0.48 in the first quarter, compared to $0.19 in the year-ago quarter. At the moment, the stock has a 52-week-high of $84.68 and a 52-week-low of $55.84. Rexford Industrial Realty closed at $57.06 at the end of the last trading period.

Cowen & Co. initiated coverage on Symbotic Inc (NASDAQ:SYM) with an Outperform rating. The price target for Symbotic is set to $18.00. The stock has a 52-week-high of $20.77 and a 52-week-low of $9.12. At the end of the last trading period, Symbotic closed at $16.80.

With a Buy rating, Compass Point initiated coverage on Offerpad Solutions Inc (NYSE:OPAD). The price target seems to have been set at $5.50 for Offerpad Solutions. The current stock performance of Offerpad Solutions shows a 52-week-high of $20.97 and a 52-week-low of $2.96. Moreover, at the end of the last trading period, the closing price was at $3.37.

Wells Fargo initiated coverage on Virgin Galactic Holdings Inc (NYSE:SPCE) with an Underweight rating. The price target for Virgin Galactic Hldgs is set to $4.00. Virgin Galactic Hldgs earned $0.36 in the first quarter, compared to $0.55 in the year-ago quarter. The current stock performance of Virgin Galactic Hldgs shows a 52-week-high of $57.51 and a 52-week-low of $5.14. Moreover, at the end of the last trading period, the closing price was at $6.25.

Wells Fargo initiated coverage on Maxar Technologies Inc (NYSE:MAXR) with an Overweight rating. The price target for Maxar Technologies is set to $39.00. For the first quarter, Maxar Technologies had an EPS of $0.10, compared to year-ago quarter EPS of $0.23. The stock has a 52-week-high of $42.59 and a 52-week-low of $22.92. At the end of the last trading period, Maxar Technologies closed at $25.18.

With a Buy rating, HC Wainwright & Co. initiated coverage on Mainz Biomed BV (NASDAQ:MYNZ). The price target seems to have been set at $25.00 for Mainz Biomed. The stock has a 52-week-high of $30.00 and a 52-week-low of $7.80. At the end of the last trading period, Mainz Biomed closed at $8.98.

Piper Sandler initiated coverage on Inari Medical Inc (NASDAQ:NARI) with an Overweight rating. The price target for Inari Medical is set to $100.00. Inari Medical earned $0.06 in the first quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $100.00 and a 52-week-low of $50.50. At the end of the last trading period, Inari Medical closed at $60.91.

With a Hold rating, Jefferies initiated coverage on Arvinas Inc (NASDAQ:ARVN). The price target seems to have been set at $42.00 for Arvinas. For the first quarter, Arvinas had an EPS of $1.20, compared to year-ago quarter EPS of $0.84. At the moment, the stock has a 52-week-high of $108.47 and a 52-week-low of $34.90. Arvinas closed at $38.35 at the end of the last trading period.

See all analyst ratings initiations.

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