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Benzinga
Benzinga
Business
Benzinga Insights

Benzinga's Top Ratings Upgrades, Downgrades For June 9, 2022

Upgrades

Keefe, Bruyette & Woods upgraded the previous rating for AGNC Investment Corp (NASDAQ:AGNC) from Market Perform to Outperform. In the first quarter, AGNC Investment showed an EPS of $0.72, compared to $0.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $18.84 and a 52-week-low of $10.86. AGNC Investment closed at $11.99 at the end of the last trading period.

According to Keefe, Bruyette & Woods, the prior rating for Annaly Capital Management Inc (NYSE:NLY) was changed from Market Perform to Outperform. Annaly Capital Management earned $0.28 in the first quarter, compared to $0.29 in the year-ago quarter. At the moment, the stock has a 52-week-high of $9.64 and a 52-week-low of $6.18. Annaly Capital Management closed at $6.59 at the end of the last trading period.

Keefe, Bruyette & Woods upgraded the previous rating for Dynex Capital Inc (NYSE:DX) from Market Perform to Outperform. For the first quarter, Dynex Cap had an EPS of $0.44, compared to year-ago quarter EPS of $0.46. At the moment, the stock has a 52-week-high of $20.51 and a 52-week-low of $14.54. Dynex Cap closed at $16.07 at the end of the last trading period.

Credit Suisse upgraded the previous rating for Freeport-McMoRan Inc (NYSE:FCX) from Underperform to Neutral. In the first quarter, Freeport-McMoRan showed an EPS of $1.07, compared to $0.51 from the year-ago quarter. The current stock performance of Freeport-McMoRan shows a 52-week-high of $51.99 and a 52-week-low of $30.02. Moreover, at the end of the last trading period, the closing price was at $42.20.

Argus Research upgraded the previous rating for Southwest Gas Holdings Inc (NYSE:SWX) from Hold to Buy. In the first quarter, Southwest Gas Hldgs showed an EPS of $1.74, compared to $2.03 from the year-ago quarter. The current stock performance of Southwest Gas Hldgs shows a 52-week-high of $95.62 and a 52-week-low of $62.54. Moreover, at the end of the last trading period, the closing price was at $92.21.

Citigroup upgraded the previous rating for WEX Inc (NYSE:WEX) from Neutral to Buy. In the first quarter, WEX showed an EPS of $2.88, compared to $1.79 from the year-ago quarter. At the moment, the stock has a 52-week-high of $208.38 and a 52-week-low of $123.01. WEX closed at $177.28 at the end of the last trading period.

According to Guggenheim, the prior rating for IAA Inc (NYSE:IAA) was changed from Neutral to Buy. In the first quarter, IAA showed an EPS of $0.66, compared to $0.58 from the year-ago quarter. The current stock performance of IAA shows a 52-week-high of $63.49 and a 52-week-low of $31.32. Moreover, at the end of the last trading period, the closing price was at $38.15.

Truist Securities upgraded the previous rating for Shoals Technologies Group Inc (NASDAQ:SHLS) from Hold to Buy. For the first quarter, Shoals Technologies Gr had an EPS of $0.05, compared to year-ago quarter EPS of $0.05. The current stock performance of Shoals Technologies Gr shows a 52-week-high of $37.61 and a 52-week-low of $9.58. Moreover, at the end of the last trading period, the closing price was at $18.62.

For Pentair PLC (NYSE:PNR), Barclays upgraded the previous rating of Underweight to Equal-Weight. In the first quarter, Pentair showed an EPS of $0.85, compared to $0.81 from the year-ago quarter. The current stock performance of Pentair shows a 52-week-high of $80.40 and a 52-week-low of $47.42. Moreover, at the end of the last trading period, the closing price was at $49.87.

Craig-Hallum upgraded the previous rating for Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) from Hold to Buy. For the first quarter, Ollie's Bargain Outlet had an EPS of $0.20, compared to year-ago quarter EPS of $0.80. At the moment, the stock has a 52-week-high of $95.43 and a 52-week-low of $37.67. Ollie's Bargain Outlet closed at $53.38 at the end of the last trading period.

According to Goldman Sachs, the prior rating for Magellan Midstream Partners LP (NYSE:MMP) was changed from Neutral to Buy. For the first quarter, Magellan Midstream had an EPS of $1.10, compared to year-ago quarter EPS of $1.09. At the moment, the stock has a 52-week-high of $53.85 and a 52-week-low of $43.58. Magellan Midstream closed at $53.23 at the end of the last trading period.

According to UBS, the prior rating for Tesla Inc (NASDAQ:TSLA) was changed from Neutral to Buy. Tesla earned $3.22 in the first quarter, compared to $0.93 in the year-ago quarter. At the moment, the stock has a 52-week-high of $1243.49 and a 52-week-low of $593.50. Tesla closed at $725.60 at the end of the last trading period.

According to RBC Capital, the prior rating for Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) was changed from Sector Perform to Outperform. In the first quarter, Ollie's Bargain Outlet showed an EPS of $0.20, compared to $0.80 from the year-ago quarter. The stock has a 52-week-high of $95.43 and a 52-week-low of $37.67. At the end of the last trading period, Ollie's Bargain Outlet closed at $53.38.

See all analyst ratings upgrades.

Downgrades

According to Gordon Haskett, the prior rating for Five Below Inc (NASDAQ:FIVE) was changed from Buy to Accumulate. Five Below earned $0.59 in the first quarter, compared to $0.88 in the year-ago quarter. The current stock performance of Five Below shows a 52-week-high of $237.86 and a 52-week-low of $110.83. Moreover, at the end of the last trading period, the closing price was at $135.37.

According to Loop Capital, the prior rating for The Honest Co Inc (NASDAQ:HNST) was changed from Buy to Hold. In the first quarter, Honest Co showed an EPS of $0.16, compared to $0.05 from the year-ago quarter. The current stock performance of Honest Co shows a 52-week-high of $19.56 and a 52-week-low of $2.66. Moreover, at the end of the last trading period, the closing price was at $3.30.

CIBC downgraded the previous rating for Energy HBR Corp (OTC:ENGH) from Outperformer to Neutral. At the moment, the stock has a 52-week-high of $68.00 and a 52-week-low of $30.00. Energy HBR closed at $65.50 at the end of the last trading period.

Citigroup downgraded the previous rating for Rigel Pharmaceuticals Inc (NASDAQ:RIGL) from Buy to Neutral. In the first quarter, Rigel Pharmaceuticals showed an EPS of $0.16, compared to $0.22 from the year-ago quarter. The current stock performance of Rigel Pharmaceuticals shows a 52-week-high of $4.62 and a 52-week-low of $0.69. Moreover, at the end of the last trading period, the closing price was at $0.70.

According to Citigroup, the prior rating for iRhythm Technologies Inc (NASDAQ:IRTC) was changed from Buy to Neutral. iRhythm Technologies earned $0.80 in the first quarter, compared to $0.95 in the year-ago quarter. The stock has a 52-week-high of $169.54 and a 52-week-low of $41.66. At the end of the last trading period, iRhythm Technologies closed at $149.22.

For Crown Holdings Inc (NYSE:CCK), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Crown Holdings earned $2.01 in the first quarter, compared to $1.83 in the year-ago quarter. The current stock performance of Crown Holdings shows a 52-week-high of $130.42 and a 52-week-low of $95.27. Moreover, at the end of the last trading period, the closing price was at $106.44.

According to Wells Fargo, the prior rating for Ball Corp (NYSE:BALL) was changed from Equal-Weight to Underweight. The stock has a 52-week-high of $75.32 and a 52-week-low of $67.11. At the end of the last trading period, Ball closed at $72.68.

For Ardagh Metal Packaging SA (NYSE:AMBP), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. The stock has a 52-week-high of $12.43 and a 52-week-low of $5.35. At the end of the last trading period, Ardagh Metal Packaging closed at $6.87.

According to Barclays, the prior rating for Kontoor Brands Inc (NYSE:KTB) was changed from Overweight to Equal-Weight. For the first quarter, Kontoor Brands had an EPS of $1.43, compared to year-ago quarter EPS of $1.43. At the moment, the stock has a 52-week-high of $64.88 and a 52-week-low of $35.56. Kontoor Brands closed at $38.78 at the end of the last trading period.

For Hanesbrands Inc (NYSE:HBI), Barclays downgraded the previous rating of Overweight to Equal-Weight. Hanesbrands earned $0.34 in the first quarter, compared to $0.39 in the year-ago quarter. The current stock performance of Hanesbrands shows a 52-week-high of $20.74 and a 52-week-low of $10.95. Moreover, at the end of the last trading period, the closing price was at $11.44.

For Sotera Health Co (NASDAQ:SHC), Wolfe Research downgraded the previous rating of Outperform to Peer Perform. For the first quarter, Sotera Health had an EPS of $0.22, compared to year-ago quarter EPS of $0.18. The stock has a 52-week-high of $27.38 and a 52-week-low of $18.31. At the end of the last trading period, Sotera Health closed at $23.86.

For The Scotts Miracle Gro Co (NYSE:SMG), JP Morgan downgraded the previous rating of Overweight to Neutral. In the second quarter, Scotts Miracle Gro showed an EPS of $5.03, compared to $5.64 from the year-ago quarter. The current stock performance of Scotts Miracle Gro shows a 52-week-high of $206.99 and a 52-week-low of $87.11. Moreover, at the end of the last trading period, the closing price was at $93.13.

William Blair downgraded the previous rating for Precision BioSciences Inc (NASDAQ:DTIL) from Outperform to Market Perform. Precision BioSciences earned $0.46 in the first quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of $14.38 and a 52-week-low of $1.49. At the end of the last trading period, Precision BioSciences closed at $1.82.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Citigroup initiated coverage on Gogoro Inc (NASDAQ:GGR). The price target seems to have been set at $8.60 for Gogoro. The current stock performance of Gogoro shows a 52-week-high of $17.59 and a 52-week-low of $3.92. Moreover, at the end of the last trading period, the closing price was at $5.55.

Maxim Group initiated coverage on Virpax Pharmaceuticals Inc (NASDAQ:VRPX) with a Buy rating. The price target for Virpax Pharmaceuticals is set to $4.00. In the first quarter, Virpax Pharmaceuticals showed an EPS of $0.44, compared to $0.60 from the year-ago quarter. The stock has a 52-week-high of $36.00 and a 52-week-low of $1.19. At the end of the last trading period, Virpax Pharmaceuticals closed at $1.55.

Susquehanna initiated coverage on Royal Caribbean Group (NYSE:RCL) with a Positive rating. The price target for Royal Caribbean Gr is set to $70.00. For the first quarter, Royal Caribbean Gr had an EPS of $4.57, compared to year-ago quarter EPS of $4.44. The current stock performance of Royal Caribbean Gr shows a 52-week-high of $98.27 and a 52-week-low of $48.90. Moreover, at the end of the last trading period, the closing price was at $53.83.

With a Positive rating, Susquehanna initiated coverage on Norwegian Cruise Line Holdings Ltd (NYSE:NCLH). The price target seems to have been set at $20.00 for Norwegian Cruise Line. Norwegian Cruise Line earned $1.82 in the first quarter, compared to $2.03 in the year-ago quarter. The stock has a 52-week-high of $33.95 and a 52-week-low of $13.00. At the end of the last trading period, Norwegian Cruise Line closed at $15.15.

Susquehanna initiated coverage on Carnival Corp (NYSE:CCL) with a Neutral rating. The price target for Carnival is set to $15.00. Carnival earned $1.66 in the first quarter, compared to $1.79 in the year-ago quarter. The stock has a 52-week-high of $31.52 and a 52-week-low of $11.56. At the end of the last trading period, Carnival closed at $12.93.

Berenberg initiated coverage on Markforged Holding Corp (NYSE:MKFG) with a Buy rating. The price target for Markforged Holding is set to $3.50. The stock has a 52-week-high of $11.00 and a 52-week-low of $2.21. At the end of the last trading period, Markforged Holding closed at $2.32.

With a Buy rating, EF Hutton initiated coverage on Superior Drilling Products Inc (AMEX:SDPI). The price target seems to have been set at $2.00 for Superior Drilling Prods. Superior Drilling Prods earned $0.01 in the first quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Superior Drilling Prods shows a 52-week-high of $2.38 and a 52-week-low of $0.65. Moreover, at the end of the last trading period, the closing price was at $1.24.

With a Market Perform rating, Cowen & Co. initiated coverage on Deere & Co (NYSE:DE). The price target seems to have been set at $396.00 for Deere. For the second quarter, Deere had an EPS of $6.81, compared to year-ago quarter EPS of $5.68. The stock has a 52-week-high of $446.76 and a 52-week-low of $307.64. At the end of the last trading period, Deere closed at $355.02.

JMP Securities initiated coverage on Opendoor Technologies Inc (NASDAQ:OPEN) with a Market Outperform rating. The price target for Opendoor Technologies is set to $12.00. For the first quarter, Opendoor Technologies had an EPS of $0.15, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $25.32 and a 52-week-low of $5.15. At the end of the last trading period, Opendoor Technologies closed at $7.35.

With an Overweight rating, Morgan Stanley initiated coverage on Perimeter Solutions SA (NYSE:PRM). The price target seems to have been set at $14.00 for Perimeter Solutions. The stock has a 52-week-high of $15.14 and a 52-week-low of $7.92. At the end of the last trading period, Perimeter Solutions closed at $11.77.

With a Sector Outperform rating, Scotiabank initiated coverage on Amplitude Inc (NASDAQ:AMPL). The price target seems to have been set at $25.00 for Amplitude. For the first quarter, Amplitude had an EPS of $0.07, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $87.98 and a 52-week-low of $13.64. Amplitude closed at $19.28 at the end of the last trading period.

Scotiabank initiated coverage on GitLab Inc (NASDAQ:GTLB) with a Sector Outperform rating. The price target for GitLab is set to $62.00. GitLab earned $0.18 in the first quarter, compared to $0.53 in the year-ago quarter. The current stock performance of GitLab shows a 52-week-high of $137.00 and a 52-week-low of $30.74. Moreover, at the end of the last trading period, the closing price was at $50.35.

With a Sector Outperform rating, Scotiabank initiated coverage on Confluent Inc (NASDAQ:CFLT). The price target seems to have been set at $27.00 for Confluent. The stock has a 52-week-high of $94.97 and a 52-week-low of $16.48. At the end of the last trading period, Confluent closed at $23.00.

Scotiabank initiated coverage on Freshworks Inc (NASDAQ:FRSH) with a Sector Perform rating. The price target for Freshworks is set to $16.00. At the moment, the stock has a 52-week-high of $53.36 and a 52-week-low of $12.91. Freshworks closed at $15.65 at the end of the last trading period.

Scotiabank initiated coverage on HubSpot Inc (NYSE:HUBS) with a Sector Outperform rating. The price target for HubSpot is set to $550.00. For the first quarter, HubSpot had an EPS of $0.54, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $866.00 and a 52-week-low of $295.53. At the end of the last trading period, HubSpot closed at $360.34.

Scotiabank initiated coverage on Twilio Inc (NYSE:TWLO) with a Sector Outperform rating. The price target for Twilio is set to $215.00. In the first quarter, Twilio showed an EPS of $0.00, compared to $0.05 from the year-ago quarter. The current stock performance of Twilio shows a 52-week-high of $412.68 and a 52-week-low of $87.67. Moreover, at the end of the last trading period, the closing price was at $108.39.

See all analyst ratings initiations.

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