Benzinga's Top Ratings Upgrades, Downgrades For June 29, 2023
Portfolio Pulse from Benzinga Insights
Benzinga has released its top ratings upgrades, downgrades, and initiations for June 29, 2023. Upgrades include OPKO Health Inc, The RealReal Inc, Schneider National Inc, Intercept Pharmaceuticals Inc, FREYR Battery, Paramount Resources Ltd, and Micron Technology Inc. Downgrades include Symbotic Inc, Ashland Inc, RH, ContextLogic Inc, Citizens Financial Group Inc, Pfizer Inc, Inter & Co Inc, and The Walt Disney Co. New coverage initiations include NET Power Inc, Wingstop Inc, C3.ai Inc, Arlo Technologies Inc, CNO Financial Group Inc, Mister Car Wash Inc, Atlassian Corp, TJX Companies Inc, Ross Stores Inc, Instil Bio Inc, Establishment Labs Holdings Inc, Warner Music Group Corp, Corebridge Financial Inc, Generac Holdings Inc, Banco Latinoamericano de Comercio Exterior SA, Unity Software Inc, Academy Sports and Outdoors Inc, Hibbett Inc, Clarus Corp, Fox Factory Holding Corp, Quest Diagnostics Inc, Burlington Stores Inc, Freeport-McMoRan Inc, Tenaris SA, Roku Inc, Pentair PLC, Zurn Elkay Water Solutions Corp, Badger Meter Inc, Xylem Inc, and Gold Royalty Corp.
June 29, 2023 | 3:02 pm
News sentiment analysis
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NEGATIVE IMPACT
The Walt Disney Co was downgraded from Overweight to Sector Weight by Keybanc. The company had an EPS of $0.93 for the second quarter, compared to $1.08 in the year-ago quarter. The stock closed at $88.83 at the end of the last trading period.
The downgrade from Keybanc could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Pfizer Inc was downgraded from Outperform to Neutral by Credit Suisse. The company earned $1.23 in the first quarter, compared to $1.62 in the year-ago quarter. The stock closed at $36.29 at the end of the last trading period.
The downgrade from Credit Suisse could lead to decreased investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Guggenheim initiated coverage on Wingstop Inc with a Neutral rating. The company had an EPS of $0.59 for the first quarter, compared to $0.34 in the year-ago quarter. The stock closed at $200.26 at the end of the last trading period.
The initiation of coverage by Guggenheim with a Neutral rating could lead to increased investor interest, but it's unclear how it will affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Micron Technology Inc was upgraded from Underweight to Neutral by Piper Sandler. The company earned $1.43 in the third quarter, compared to $2.59 in the year-ago quarter. The stock closed at $67.07 at the end of the last trading period.
The upgrade from Piper Sandler could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Capital One initiated coverage on NET Power Inc with an Overweight rating. The price target was set at $19.00. The stock closed at $13.50 at the end of the last trading period.
The initiation of coverage by Capital One with an Overweight rating could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
OPKO Health Inc was upgraded from Market Perform to Outperform by Barrington Research. The company's EPS for the first quarter was $0.02, compared to $0.08 in the year-ago quarter. The stock closed at $1.72 at the end of the last trading period.
The upgrade from Barrington Research could lead to increased investor confidence and a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100