By Davit Kirakosyan
BofA Securities and Scotiabank downgraded Black Hills Corp (NYSE:BKH) following the company’s reported Q4 earnings, which resulted in a share price drop of more than 9% today.
Q4 EPS came in at $1.11, worse than the consensus of $1.18, while revenue of $791.4 million came in significantly better than the consensus estimate of $427.6M.
BofA Securities downgraded the stock to Underperform from Neutral and cut its price target to $60.00 from $79.00. Meanwhile, Scotiabank downgraded the company to Sector Perform from Sector Outperform.
Hain Celestial (NASDAQ:HAIN) shares plunged more than 10% today after the company was downgraded at JPMorgan and Piper Sandler.
The company reported its Q2 results yesterday, with EPS of $0.20 coming in better than the consensus estimate of $0.13, while revenue of $454.2M missed the consensus estimate of $459.18M.
Piper Sandler downgraded the stock to Underweight from Neutral and cut its price target to $17.00 from $19.00, noting it sees risks to 2024 estimates from higher spending.
Meanwhile, JPMorgan downgraded the company to Neutral from Overweight and cut its price target to $21.00 from $22.00, citing the stock’s relatively strong performance lately, and the firm's reduced EBITDA and EPS estimates for 2024 and 2025.
Citi downgraded Lumen Technologies Inc (NYSE:LUMN) to Sell from Neutral and cut its price target to $3.50 from $6.25.
Shares plunged more than 20% today following the company’s reported Q4 results. While both EPS and revenues came in better than the consensus estimates, the company’s 2023 outlook disappointed investors.
DA Davidson downgraded Duck Creek Technologies (DCT) to Neutral from Buy with a price target of $19.00.
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