Benzinga's Top Ratings Upgrades, Downgrades For January 30, 2023

Upgrades

According to B of A Securities, the prior rating for Flowserve Corp (NYSE:FLS) was changed from Neutral to Buy. Flowserve earned $0.09 in the third quarter, compared to $0.29 in the year-ago quarter. The current stock performance of Flowserve shows a 52-week-high of $37.59 and a 52-week-low of $23.89. Moreover, at the end of the last trading period, the closing price was at $33.39.

Compass Point upgraded the previous rating for Federal Realty Investment Trust (NYSE:FRT) from Neutral to Buy. Federal Realty Investment earned $1.59 in the third quarter, compared to $1.51 in the year-ago quarter. The stock has a 52-week-high of $128.13 and a 52-week-low of $86.43. At the end of the last trading period, Federal Realty Investment closed at $111.38.

Cowen & Co. upgraded the previous rating for Regeneron Pharmaceuticals Inc (NASDAQ:REGN) from Market Perform to Outperform. In the third quarter, Regeneron Pharmaceuticals showed an EPS of $11.14, compared to $15.37 from the year-ago quarter. The stock has a 52-week-high of $779.00 and a 52-week-low of $538.01. At the end of the last trading period, Regeneron Pharmaceuticals closed at $742.83.

According to DZ Bank, the prior rating for Lockheed Martin Corp (NYSE:LMT) was changed from Hold to Buy. For the fourth quarter, Lockheed Martin had an EPS of $7.79, compared to year-ago quarter EPS of $7.47. At the moment, the stock has a 52-week-high of $498.95 and a 52-week-low of $373.67. Lockheed Martin closed at $459.60 at the end of the last trading period.

Roth Capital upgraded the previous rating for Shopify Inc (NYSE:SHOP) from Neutral to Buy. Shopify earned $0.02 in the third quarter, compared to $0.08 in the year-ago quarter. The current stock performance of Shopify shows a 52-week-high of $988.50 and a 52-week-low of $23.63. Moreover, at the end of the last trading period, the closing price was at $50.08.

According to Deutsche Bank, the prior rating for Axalta Coating Systems Ltd (NYSE:AXTA) was changed from Hold to Buy. For the fourth quarter, Axalta Coating Sys had an EPS of $0.38, compared to year-ago quarter EPS of $0.30. The current stock performance of Axalta Coating Sys shows a 52-week-high of $30.31 and a 52-week-low of $20.66. Moreover, at the end of the last trading period, the closing price was at $29.27.

Piper Sandler upgraded the previous rating for Stellar Bancorp Inc (NASDAQ:STEL) from Neutral to Overweight. The stock has a 52-week-high of $36.09 and a 52-week-low of $25.49. At the end of the last trading period, Stellar Bancorp closed at $25.85.

For Axalta Coating Systems Ltd (NYSE:AXTA), Citigroup upgraded the previous rating of Neutral to Buy. Axalta Coating Sys earned $0.38 in the fourth quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $30.31 and a 52-week-low of $20.66. At the end of the last trading period, Axalta Coating Sys closed at $29.27.

For Okta Inc (NASDAQ:OKTA), Stifel upgraded the previous rating of Hold to Buy. In the third quarter, Okta showed an EPS of $0.00, compared to $0.07 from the year-ago quarter. The current stock performance of Okta shows a 52-week-high of $203.79 and a 52-week-low of $44.12. Moreover, at the end of the last trading period, the closing price was at $71.38.

Morgan Stanley upgraded the previous rating for Colgate-Palmolive Co (NYSE:CL) from Equal-Weight to Overweight. In the fourth quarter, Colgate-Palmolive showed an EPS of $0.77, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $83.81 and a 52-week-low of $67.84. At the end of the last trading period, Colgate-Palmolive closed at $71.59.

For Tesla Inc (NASDAQ:TSLA), Berenberg upgraded the previous rating of Hold to Buy. In the fourth quarter, Tesla showed an EPS of $1.19, compared to $0.85 from the year-ago quarter. The current stock performance of Tesla shows a 52-week-high of $384.29 and a 52-week-low of $101.81. Moreover, at the end of the last trading period, the closing price was at $177.90.

For Kemper Corp (NYSE:KMPR), Credit Suisse upgraded the previous rating of Underperform to Neutral. In the third quarter, Kemper showed an EPS of $0.48, compared to $1.19 from the year-ago quarter. At the moment, the stock has a 52-week-high of $60.95 and a 52-week-low of $40.65. Kemper closed at $55.88 at the end of the last trading period.

JP Morgan upgraded the previous rating for G1 Therapeutics Inc (NASDAQ:GTHX) from Underweight to Neutral. In the third quarter, G1 Therapeutics showed an EPS of $0.59, compared to $1.00 from the year-ago quarter. The stock has a 52-week-high of $17.49 and a 52-week-low of $3.84. At the end of the last trading period, G1 Therapeutics closed at $6.71.

See all analyst ratings upgrades.

Downgrades

For Eastman Chemical Co (NYSE:EMN), Vertical Research downgraded the previous rating of Buy to Hold. For the fourth quarter, Eastman Chemical had an EPS of $0.89, compared to year-ago quarter EPS of $1.81. At the moment, the stock has a 52-week-high of $124.84 and a 52-week-low of $69.91. Eastman Chemical closed at $86.82 at the end of the last trading period.

According to Keefe, Bruyette & Woods, the prior rating for First Interstate BancSystem Inc (NASDAQ:FIBK) was changed from Outperform to Market Perform. For the fourth quarter, First Interstate BancSys had an EPS of $0.82, compared to year-ago quarter EPS of $0.83. The current stock performance of First Interstate BancSys shows a 52-week-high of $46.34 and a 52-week-low of $32.40. Moreover, at the end of the last trading period, the closing price was at $33.62.

For Goodyear Tire & Rubber Co (NASDAQ:GT), Exane BNP Paribas downgraded the previous rating of Neutral to Underperform. Goodyear Tire & Rubber earned $0.40 in the third quarter, compared to $0.72 in the year-ago quarter. The stock has a 52-week-high of $22.66 and a 52-week-low of $9.66. At the end of the last trading period, Goodyear Tire & Rubber closed at $11.10.

Janney Montgomery Scott downgraded the previous rating for First Interstate BancSystem Inc (NASDAQ:FIBK) from Buy to Neutral. First Interstate BancSys earned $0.82 in the fourth quarter, compared to $0.83 in the year-ago quarter. The stock has a 52-week-high of $46.34 and a 52-week-low of $32.40. At the end of the last trading period, First Interstate BancSys closed at $33.62.

Morgan Stanley downgraded the previous rating for Celularity Inc (NASDAQ:CELU) from Equal-Weight to Underweight. For the third quarter, Celularity had an EPS of $0.03, compared to year-ago quarter EPS of $0.40. At the moment, the stock has a 52-week-high of $13.19 and a 52-week-low of $0.89. Celularity closed at $1.05 at the end of the last trading period.

According to Compass Point, the prior rating for Tanger Factory Outlet Centers Inc (NYSE:SKT) was changed from Buy to Neutral. In the third quarter, Tanger Factory Outlet showed an EPS of $0.47, compared to $0.47 from the year-ago quarter. The current stock performance of Tanger Factory Outlet shows a 52-week-high of $19.91 and a 52-week-low of $13.26. Moreover, at the end of the last trading period, the closing price was at $19.26.

According to B of A Securities, the prior rating for The AZEK Co Inc (NYSE:AZEK) was changed from Buy to Neutral. In the fourth quarter, AZEK Co showed an EPS of $0.16, compared to $0.32 from the year-ago quarter. The current stock performance of AZEK Co shows a 52-week-high of $35.05 and a 52-week-low of $15.12. Moreover, at the end of the last trading period, the closing price was at $23.95.

According to Janney Montgomery Scott, the prior rating for Eastern Bankshares Inc (NASDAQ:EBC) was changed from Buy to Neutral. For the fourth quarter, Eastern Bankshares had an EPS of $0.31, compared to year-ago quarter EPS of $0.26. The stock has a 52-week-high of $22.35 and a 52-week-low of $15.25. At the end of the last trading period, Eastern Bankshares closed at $16.01.

B of A Securities downgraded the previous rating for Fortune Brands Innovations Inc (NYSE:FBIN) from Neutral to Underperform. At the moment, the stock has a 52-week-high of $63.95 and a 52-week-low of $49.51. Fortune Brands closed at $63.06 at the end of the last trading period.

For Kinross Gold Corp (NYSE:KGC), Barclays downgraded the previous rating of Overweight to Equal-Weight. Kinross Gold earned $0.05 in the third quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $6.34 and a 52-week-low of $3.00. Kinross Gold closed at $4.79 at the end of the last trading period.

According to B of A Securities, the prior rating for Cyteir Therapeutics Inc (NASDAQ:CYT) was changed from Buy to Neutral. Cyteir Therapeutics earned $0.31 in the third quarter, compared to $0.33 in the year-ago quarter. The current stock performance of Cyteir Therapeutics shows a 52-week-high of $7.31 and a 52-week-low of $1.13. Moreover, at the end of the last trading period, the closing price was at $1.71.

Baird downgraded the previous rating for Varonis Systems Inc (NASDAQ:VRNS) from Outperform to Neutral. In the third quarter, Varonis Systems showed an EPS of $0.05, compared to $0.05 from the year-ago quarter. At the moment, the stock has a 52-week-high of $51.60 and a 52-week-low of $15.61. Varonis Systems closed at $26.73 at the end of the last trading period.

For Eastman Chemical Co (NYSE:EMN), Scotiabank downgraded the previous rating of Sector Outperform to Sector Perform. In the fourth quarter, Eastman Chemical showed an EPS of $0.89, compared to $1.81 from the year-ago quarter. The stock has a 52-week-high of $124.84 and a 52-week-low of $69.91. At the end of the last trading period, Eastman Chemical closed at $86.82.

For Boot Barn Holdings Inc (NYSE:BOOT), Baird downgraded the previous rating of Outperform to Neutral. Boot Barn Holdings earned $1.74 in the third quarter, compared to $2.23 in the year-ago quarter. The current stock performance of Boot Barn Holdings shows a 52-week-high of $105.66 and a 52-week-low of $50.20. Moreover, at the end of the last trading period, the closing price was at $86.18.

For General Motors Co (NYSE:GM), Berenberg downgraded the previous rating of Buy to Hold. General Motors earned $2.25 in the third quarter, compared to $1.52 in the year-ago quarter. At the moment, the stock has a 52-week-high of $55.55 and a 52-week-low of $30.33. General Motors closed at $37.95 at the end of the last trading period.

For Edwards Lifesciences Corp (NYSE:EW), Piper Sandler downgraded the previous rating of Overweight to Neutral. Edwards Lifesciences earned $0.61 in the third quarter, compared to $0.54 in the year-ago quarter. The current stock performance of Edwards Lifesciences shows a 52-week-high of $131.10 and a 52-week-low of $67.13. Moreover, at the end of the last trading period, the closing price was at $78.14.

According to Credit Suisse, the prior rating for Saia Inc (NASDAQ:SAIA) was changed from Outperform to Neutral. Saia earned $3.67 in the third quarter, compared to $2.86 in the year-ago quarter. The stock has a 52-week-high of $304.49 and a 52-week-low of $168.03. At the end of the last trading period, Saia closed at $272.75.

Credit Suisse downgraded the previous rating for Old Dominion Freight Line Inc (NASDAQ:ODFL) from Neutral to Underperform. In the third quarter, Old Dominion Freight Line showed an EPS of $3.36, compared to $2.47 from the year-ago quarter. The current stock performance of Old Dominion Freight Line shows a 52-week-high of $337.96 and a 52-week-low of $231.31. Moreover, at the end of the last trading period, the closing price was at $333.79.

Keybanc downgraded the previous rating for Lulus Fashion Lounge Holdings Inc (NASDAQ:LVLU) from Overweight to Sector Weight. Lulus Fashion Lounge earned $0.02 in the third quarter, compared to $0.13 in the year-ago quarter. The stock has a 52-week-high of $21.29 and a 52-week-low of $2.16. At the end of the last trading period, Lulus Fashion Lounge closed at $3.04.

See all analyst ratings downgrades.

Initiations

With a Buy rating, Craig-Hallum initiated coverage on Aterian Inc (NASDAQ:ATER). The price target seems to have been set at $3.00 for Aterian. Aterian earned $0.21 in the third quarter, compared to $0.10 in the year-ago quarter. The stock has a 52-week-high of $7.26 and a 52-week-low of $0.67. At the end of the last trading period, Aterian closed at $1.36.

With a Buy rating, Lake Street initiated coverage on Tremor International Ltd (NASDAQ:TRMR). The price target seems to have been set at $12.00 for Tremor Intl. For the third quarter, Tremor Intl had an EPS of $0.11, compared to year-ago quarter EPS of $0.21. The current stock performance of Tremor Intl shows a 52-week-high of $16.73 and a 52-week-low of $6.12. Moreover, at the end of the last trading period, the closing price was at $8.16.

With a Neutral rating, Citigroup initiated coverage on BRP Inc (NASDAQ:DOOO). The price target seems to have been set at $92.00 for BRP. For the third quarter, BRP had an EPS of $2.74, compared to year-ago quarter EPS of $1.18. The stock has a 52-week-high of $85.78 and a 52-week-low of $57.38. At the end of the last trading period, BRP closed at $81.47.

With a Buy rating, Dawson James initiated coverage on Genprex Inc (NASDAQ:GNPX). The price target seems to have been set at $3.00 for Genprex. Genprex earned $0.13 in the third quarter, compared to $0.07 in the year-ago quarter. The current stock performance of Genprex shows a 52-week-high of $2.67 and a 52-week-low of $0.97. Moreover, at the end of the last trading period, the closing price was at $1.34.

With a Buy rating, Ascendiant Capital initiated coverage on Heart Test Laboratories Inc (NASDAQ:HSCS). The price target seems to have been set at $3.30 for Heart Test Laboratories. For the second quarter, Heart Test Laboratories had an EPS of $0.22, compared to year-ago quarter EPS of $0.31. The current stock performance of Heart Test Laboratories shows a 52-week-high of $6.00 and a 52-week-low of $0.71. Moreover, at the end of the last trading period, the closing price was at $0.87.

MoffettNathanson initiated coverage on Lyft Inc (NASDAQ:LYFT) with a Market Perform rating. The price target for Lyft is set to $15.00. Lyft earned $0.10 in the third quarter, compared to $0.05 in the year-ago quarter. At the moment, the stock has a 52-week-high of $45.65 and a 52-week-low of $9.66. Lyft closed at $16.18 at the end of the last trading period.

With an Outperform rating, MoffettNathanson initiated coverage on DoorDash Inc (NYSE:DASH). The price target seems to have been set at $79.00 for DoorDash. DoorDash earned $0.77 in the third quarter, compared to $0.30 in the year-ago quarter. At the moment, the stock has a 52-week-high of $130.20 and a 52-week-low of $41.37. DoorDash closed at $58.63 at the end of the last trading period.

MoffettNathanson initiated coverage on Uber Technologies Inc (NYSE:UBER) with an Outperform rating. The price target for Uber Technologies is set to $47.00. Uber Technologies earned $0.35 in the third quarter, compared to $0.21 in the year-ago quarter. At the moment, the stock has a 52-week-high of $42.56 and a 52-week-low of $19.89. Uber Technologies closed at $30.36 at the end of the last trading period.

JMP Securities initiated coverage on Independence Realty Trust Inc (NYSE:IRT) with a Market Perform rating. In the third quarter, Independence Realty Trust showed an EPS of $0.28, compared to $0.21 from the year-ago quarter. The current stock performance of Independence Realty Trust shows a 52-week-high of $28.42 and a 52-week-low of $15.04. Moreover, at the end of the last trading period, the closing price was at $18.90.

Goldman Sachs initiated coverage on Macy's Inc (NYSE:M) with a Buy rating. The price target for Macy's is set to $28.00. Macy's earned $0.52 in the third quarter, compared to $1.23 in the year-ago quarter. The stock has a 52-week-high of $28.21 and a 52-week-low of $15.10. At the end of the last trading period, Macy's closed at $23.08.

With a Equal-Weight rating, Wells Fargo initiated coverage on Accenture PLC (NYSE:ACN). The price target seems to have been set at $289.00 for Accenture. Accenture earned $3.08 in the first quarter, compared to $2.78 in the year-ago quarter. At the moment, the stock has a 52-week-high of $360.10 and a 52-week-low of $242.95. Accenture closed at $277.27 at the end of the last trading period.

With a Buy rating, EF Hutton initiated coverage on Xencor Inc (NASDAQ:XNCR). The price target seems to have been set at $42.00 for Xencor. For the third quarter, Xencor had an EPS of $0.55, compared to year-ago quarter EPS of $0.69. The stock has a 52-week-high of $35.92 and a 52-week-low of $19.36. At the end of the last trading period, Xencor closed at $32.50.

EF Hutton initiated coverage on Onfolio Holdings Inc (NASDAQ:ONFO) with a Buy rating. The price target for Onfolio Holdings is set to $3.00. In the third quarter, Onfolio Holdings showed an EPS of $0.31, compared to $0.30 from the year-ago quarter.

SVB Leerink initiated coverage on Denali Therapeutics Inc (NASDAQ:DNLI) with an Outperform rating. The price target for Denali Therapeutics is set to $50.00. Denali Therapeutics earned $0.84 in the third quarter, compared to $0.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $39.43 and a 52-week-low of $20.24. Denali Therapeutics closed at $31.47 at the end of the last trading period.

With a Market Perform rating, BMO Capital initiated coverage on Biomarin Pharmaceutical Inc (NASDAQ:BMRN). The price target seems to have been set at $107.00 for Biomarin Pharmaceutical. For the third quarter, Biomarin Pharmaceutical had an EPS of $0.04, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $117.77 and a 52-week-low of $70.73. Biomarin Pharmaceutical closed at $117.27 at the end of the last trading period.

BMO Capital initiated coverage on 4D Molecular Therapeutics Inc (NASDAQ:FDMT) with an Outperform rating. The price target for 4D Molecular Therapeutics is set to $50.00. For the third quarter, 4D Molecular Therapeutics had an EPS of $0.79, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of $26.49 and a 52-week-low of $5.32. 4D Molecular Therapeutics closed at $21.26 at the end of the last trading period.

Goldman Sachs initiated coverage on Nordstrom Inc (NYSE:JWN) with a Neutral rating. The price target for Nordstrom is set to $20.00. In the third quarter, Nordstrom showed an EPS of $0.20, compared to $0.39 from the year-ago quarter. At the moment, the stock has a 52-week-high of $29.59 and a 52-week-low of $15.53. Nordstrom closed at $18.42 at the end of the last trading period.

Goldman Sachs initiated coverage on Kohl's Corp (NYSE:KSS) with a Sell rating. The price target for Kohl's is set to $27.00. For the third quarter, Kohl's had an EPS of $0.82, compared to year-ago quarter EPS of $1.65. At the moment, the stock has a 52-week-high of $63.74 and a 52-week-low of $23.38. Kohl's closed at $31.49 at the end of the last trading period.

With an Overweight rating, Piper Sandler initiated coverage on Penumbra Inc (NYSE:PEN). The price target seems to have been set at $275.00 for Penumbra. In the third quarter, Penumbra showed an EPS of $0.01, compared to $0.12 from the year-ago quarter. The stock has a 52-week-high of $253.22 and a 52-week-low of $114.86. At the end of the last trading period, Penumbra closed at $250.44.

See all analyst ratings initiations.