Benzinga's Top Ratings Upgrades, Downgrades For June 22, 2023
Portfolio Pulse from Benzinga Insights
Benzinga has released its top ratings upgrades and downgrades for June 22, 2023, including several companies such as DiaMedica Therapeutics, Kellogg, Agree Realty, Grab Holdings, XP Inc, Dow Inc, AES Corp, Celanese Corp, and more. The list also includes initiations of coverage for companies like Iridium Communications, Everest Re Group, Zura Bio, Humacyte, FingerMotion, Outbrain, Taboola.com, Terns Pharmaceuticals, and others.
June 22, 2023 | 3:02 pm
News sentiment analysis
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NEGATIVE IMPACT
B of A Securities downgraded Celanese Corp from Buy to Neutral. The company reported a Q1 EPS of $2.01, down from $5.54 in the year-ago quarter. The stock closed at $108.52.
The downgrade from B of A Securities is a negative signal for Celanese Corp, as it indicates decreased confidence in the company's performance. The significant decline in Q1 EPS compared to the year-ago quarter also supports a negative short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
B of A Securities downgraded Dow Inc from Neutral to Underperform. The company reported a Q1 EPS of $0.58, down from $2.34 in the year-ago quarter. The stock closed at $51.88.
The downgrade from B of A Securities is a negative signal for Dow Inc, as it indicates decreased confidence in the company's performance. The significant decline in Q1 EPS compared to the year-ago quarter also supports a negative short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
B of A Securities downgraded The AES Corp from Buy to Neutral. The company reported a Q1 EPS of $0.22, up from $0.21 in the year-ago quarter. The stock closed at $20.98.
The downgrade from B of A Securities is a neutral signal for The AES Corp, as it indicates a shift in confidence in the company's performance. However, the slight improvement in Q1 EPS compared to the year-ago quarter may offset any potential short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
JP Morgan upgraded Grab Holdings from Underweight to Neutral. The company reported a Q1 EPS of $0.06, down from $0.11 in the year-ago quarter. The stock closed at $3.39.
The upgrade from JP Morgan is a neutral signal for Grab Holdings, as it indicates a shift in confidence in the company's performance. However, the decline in Q1 EPS compared to the year-ago quarter may offset any potential short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Mizuho upgraded Agree Realty from Neutral to Buy. The company reported a Q1 EPS of $0.98, up from $0.97 in the year-ago quarter. The stock closed at $65.19.
The upgrade from Mizuho is a positive signal for Agree Realty, as it indicates increased confidence in the company's performance. The slight improvement in Q1 EPS compared to the year-ago quarter also supports a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Oppenheimer upgraded DiaMedica Therapeutics from Perform to Outperform. The company reported a Q1 EPS of $0.20, up from $0.13 in the year-ago quarter. The stock closed at $3.64.
The upgrade from Oppenheimer is a positive signal for DiaMedica Therapeutics, as it indicates increased confidence in the company's performance. The improvement in Q1 EPS compared to the year-ago quarter also supports a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Bernstein upgraded Kellogg from Underperform to Market Perform. The company reported a Q1 EPS of $1.10, unchanged from the year-ago quarter. The stock closed at $65.24.
The upgrade from Bernstein is a positive signal for Kellogg, as it indicates increased confidence in the company's performance. The stable Q1 EPS compared to the year-ago quarter also supports a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
B of A Securities upgraded XP Inc from Neutral to Buy. The company reported a Q1 EPS of $0.28, unchanged from the year-ago quarter. The stock closed at $24.52.
The upgrade from B of A Securities is a positive signal for XP Inc, as it indicates increased confidence in the company's performance. The stable Q1 EPS compared to the year-ago quarter also supports a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100