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© 2026 Benzinga | All Rights Reserved
January 20, 2023 10:00 AM 16 min read

Benzinga's Top Ratings Upgrades, Downgrades For January 20, 2023

by Benzinga Insights Benzinga Staff Writer
Follow

Upgrades

For Par Pacific Holdings Inc (NYSE:PARR), Piper Sandler upgraded the previous rating of Neutral to Overweight. In the third quarter, Par Pacific Hldgs showed an EPS of $2.88, compared to $0.76 from the year-ago quarter. The stock has a 52-week-high of $25.38 and a 52-week-low of $11.66. At the end of the last trading period, Par Pacific Hldgs closed at $24.54.

For Regeneron Pharmaceuticals Inc (NASDAQ:REGN), JP Morgan upgraded the previous rating of Neutral to Overweight. Regeneron Pharmaceuticals earned $11.14 in the third quarter, compared to $15.37 in the year-ago quarter. At the moment, the stock has a 52-week-high of $779.00 and a 52-week-low of $538.01. Regeneron Pharmaceuticals closed at $715.57 at the end of the last trading period.

For PVH Corp (NYSE:PVH), Barclays upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, PVH showed an EPS of $2.60, compared to $2.67 from the year-ago quarter. The stock has a 52-week-high of $105.43 and a 52-week-low of $43.49. At the end of the last trading period, PVH closed at $83.28.

Barclays upgraded the previous rating for Ralph Lauren Corp (NYSE:RL) from Equal-Weight to Overweight. Ralph Lauren earned $2.23 in the second quarter, compared to $2.62 in the year-ago quarter. The stock has a 52-week-high of $135.99 and a 52-week-low of $82.23. At the end of the last trading period, Ralph Lauren closed at $117.34.

For PagerDuty Inc (NYSE:PD), Morgan Stanley upgraded the previous rating of Equal-Weight to Overweight. In the third quarter, PagerDuty showed an EPS of $0.04, compared to $0.07 from the year-ago quarter. The current stock performance of PagerDuty shows a 52-week-high of $38.75 and a 52-week-low of $19.51. Moreover, at the end of the last trading period, the closing price was at $26.38.

For Restaurant Brands International Inc (NYSE:QSR), BMO Capital upgraded the previous rating of Market Perform to Outperform. In the third quarter, Restaurant Brands Intl showed an EPS of $0.96, compared to $0.76 from the year-ago quarter. At the moment, the stock has a 52-week-high of $68.54 and a 52-week-low of $46.68. Restaurant Brands Intl closed at $65.59 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Nordstrom Inc (NYSE:JWN), Gordon Haskett downgraded the previous rating of Hold to Reduce. For the third quarter, Nordstrom had an EPS of $0.20, compared to year-ago quarter EPS of $0.39. The stock has a 52-week-high of $29.59 and a 52-week-low of $15.53. At the end of the last trading period, Nordstrom closed at $17.45.

According to Cantor Fitzgerald, the prior rating for Aspira Womens Health Inc (NASDAQ:AWH) was changed from Overweight to Neutral. In the third quarter, Aspira Womens Health showed an EPS of $0.04, compared to $0.09 from the year-ago quarter. At the moment, the stock has a 52-week-high of $1.34 and a 52-week-low of $0.28. Aspira Womens Health closed at $0.50 at the end of the last trading period.

For The Mosaic Co (NYSE:MOS), Citigroup downgraded the previous rating of Buy to Neutral. For the third quarter, Mosaic had an EPS of $3.22, compared to year-ago quarter EPS of $1.35. At the moment, the stock has a 52-week-high of $79.28 and a 52-week-low of $37.08. Mosaic closed at $46.72 at the end of the last trading period.

According to MKM Partners, the prior rating for Pinterest Inc (NYSE:PINS) was changed from Buy to Neutral. For the third quarter, Pinterest had an EPS of $0.11, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $33.79 and a 52-week-low of $16.14. Pinterest closed at $26.77 at the end of the last trading period.

According to JP Morgan, the prior rating for Cyteir Therapeutics Inc (NASDAQ:CYT) was changed from Overweight to Neutral. Cyteir Therapeutics earned $0.31 in the third quarter, compared to $0.33 in the year-ago quarter. The stock has a 52-week-high of $7.31 and a 52-week-low of $1.13. At the end of the last trading period, Cyteir Therapeutics closed at $1.53.

Keybanc downgraded the previous rating for Squarespace Inc (NYSE:SQSP) from Overweight to Sector Weight. For the third quarter, Squarespace had an EPS of $0.07, compared to year-ago quarter EPS of $0.02. At the moment, the stock has a 52-week-high of $34.97 and a 52-week-low of $14.43. Squarespace closed at $22.93 at the end of the last trading period.

Keybanc downgraded the previous rating for Riskified Ltd (NYSE:RSKD) from Overweight to Sector Weight. For the third quarter, Riskified had an EPS of $0.05, compared to year-ago quarter EPS of $0.08. The stock has a 52-week-high of $7.74 and a 52-week-low of $3.43. At the end of the last trading period, Riskified closed at $5.21.

See all analyst ratings downgrades.

Initiations

BMO Capital initiated coverage on Sigma Lithium Corp (NASDAQ:SGML) with an Outperform rating. The price target for Sigma Lithium is set to $40.00. The stock has a 52-week-high of $39.93 and a 52-week-low of $8.39. At the end of the last trading period, Sigma Lithium closed at $29.65.

BMO Capital initiated coverage on Lemonade Inc (NYSE:LMND) with an Underperform rating. The price target for Lemonade is set to $10.00. Lemonade earned $1.37 in the third quarter, compared to $1.08 in the year-ago quarter. The stock has a 52-week-high of $34.54 and a 52-week-low of $12.82. At the end of the last trading period, Lemonade closed at $15.12.

See all analyst ratings initiations.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Posted In:
UpgradesDowngradesInitiationIntraday UpdateAnalyst RatingsBZI-Ratings
ACGL Logo
ACGLArch Capital Group Ltd
$98.38-%
Overview
AFG Logo
AFGAmerican Financial Group Inc
$128.95-%
AIG Logo
AIGAmerican International Group Inc
$78.27-%
AJG Logo
AJGArthur J. Gallagher & Co
$208.45-%
ALL Logo
ALLAllstate Corp
$207.51-%
AON Logo
AONAon PLC
$321.70-%
BRO Logo
BROBrown & Brown Inc
$68.570.15%
CB Logo
CBChubb Ltd
$324.95-%
CINF Logo
CINFCincinnati Financial Corp
$162.77-%
CRM Logo
CRMSalesforce Inc
$189.57-0.08%
DK Logo
DKDelek US Holdings Inc
$34.46-%
DOMO Logo
DOMODomo Inc
$4.110.24%
GSHD Logo
GSHDGoosehead Insurance Inc
$48.69-%
HIG Logo
HIGThe Hartford Insurance Group Inc
$141.25-%
IIPR Logo
IIPRInnovative Industrial Properties Inc
$45.93-%
KNSL Logo
KNSLKinsale Capital Group Inc
$371.32-%
LCII Logo
LCIILCI Industries Inc
$157.13-%
LMND Logo
LMNDLemonade Inc
$63.980.35%
MAX Logo
MAXMediaAlpha Inc
$7.372.79%
MOS Logo
MOSThe Mosaic Co
$29.750.34%
PARR Logo
PARRPar Pacific Holdings Inc
$42.00-2.01%
PAVM Logo
PAVMPAVmed Inc
$10.722.58%
PD Logo
PDPagerDuty Inc
$6.990.72%
PGR Logo
PGRProgressive Corp
$204.53-%
PINS Logo
PINSPinterest Inc
$15.430.05%
PVH Logo
PVHPVH Corp
$68.71-%
QSR Logo
QSRRestaurant Brands International Inc
$66.14-%
REGN Logo
REGNRegeneron Pharmaceuticals Inc
$803.17-%
RL Logo
RLRalph Lauren Corp
$369.18-%
RNR Logo
RNRRenaissanceRe Holdings Ltd
$301.37-%
RSKD Logo
RSKDRiskified Ltd
$4.49-%
RYAN Logo
RYANRyan Specialty Holdings Inc
$39.622.35%
SGML Logo
SGMLSigma Lithium Corp
$13.35-%
SIGI Logo
SIGISelective Insurance Group Inc
$86.42-%
THG Logo
THGThe Hanover Insurance Group Inc
$171.80-%
TRV Logo
TRVThe Travelers Companies Inc
$294.21-%
W Logo
WWayfair Inc
$81.40-1.20%
WRB Logo
WRBWR Berkley Corp
$69.70-%
WTW Logo
WTWWillis Towers Watson PLC
$288.060.11%

For PAVmed Inc (NASDAQ:PAVM), Cantor Fitzgerald downgraded the previous rating of Overweight to Neutral. For the third quarter, PAVmed had an EPS of $0.15, compared to year-ago quarter EPS of $0.10. The current stock performance of PAVmed shows a 52-week-high of $2.34 and a 52-week-low of $0.40. Moreover, at the end of the last trading period, the closing price was at $0.46.

JMP Securities downgraded the previous rating for Innovative Industrial Properties Inc (NYSE:IIPR) from Market Outperform to Market Perform. For the third quarter, Innovative Ind Props had an EPS of $2.13, compared to year-ago quarter EPS of $1.71. The current stock performance of Innovative Ind Props shows a 52-week-high of $211.17 and a 52-week-low of $87.47. Moreover, at the end of the last trading period, the closing price was at $92.09.

Cowen & Co. downgraded the previous rating for Salesforce Inc (NYSE:CRM) from Outperform to Market Perform. In the third quarter, Salesforce showed an EPS of $1.40, compared to $1.27 from the year-ago quarter. The current stock performance of Salesforce shows a 52-week-high of $234.49 and a 52-week-low of $126.34. Moreover, at the end of the last trading period, the closing price was at $146.41.

Morgan Stanley downgraded the previous rating for Domo Inc (NASDAQ:DOMO) from Overweight to Equal-Weight. For the third quarter, Domo had an EPS of $0.13, compared to year-ago quarter EPS of $0.32. The current stock performance of Domo shows a 52-week-high of $57.41 and a 52-week-low of $12.07. Moreover, at the end of the last trading period, the closing price was at $12.87.

According to Piper Sandler, the prior rating for Delek US Holdings Inc (NYSE:DK) was changed from Overweight to Neutral. In the third quarter, Delek US Hldgs showed an EPS of $0.02, compared to $0.13 from the year-ago quarter. The stock has a 52-week-high of $35.45 and a 52-week-low of $14.71. At the end of the last trading period, Delek US Hldgs closed at $26.73.

Jefferies downgraded the previous rating for LCI Industries Inc (NYSE:LCII) from Buy to Hold. In the third quarter, LCI Indus showed an EPS of $2.40, compared to $2.50 from the year-ago quarter. The current stock performance of LCI Indus shows a 52-week-high of $139.89 and a 52-week-low of $89.28. Moreover, at the end of the last trading period, the closing price was at $107.27.

According to Keybanc, the prior rating for BigCommerce Holdings Inc (NASDAQ:BIGC) was changed from Overweight to Sector Weight. In the third quarter, BigCommerce Holdings showed an EPS of $0.15, compared to $0.06 from the year-ago quarter. The stock has a 52-week-high of $34.00 and a 52-week-low of $7.75. At the end of the last trading period, BigCommerce Holdings closed at $10.61.

For Wayfair Inc (NYSE:W), Keybanc initiated coverage, by setting the current rating at Sector Weight. For the third quarter, Wayfair had an EPS of $2.11, compared to year-ago quarter EPS of $0.14. The current stock performance of Wayfair shows a 52-week-high of $164.88 and a 52-week-low of $28.11. Moreover, at the end of the last trading period, the closing price was at $38.91.

With an Outperform rating, RBC Capital initiated coverage on Marinus Pharmaceuticals Inc (NASDAQ:MRNS). The price target seems to have been set at $23.00 for Marinus Pharma. For the third quarter, Marinus Pharma had an EPS of $0.94, compared to year-ago quarter EPS of $0.53. The stock has a 52-week-high of $12.37 and a 52-week-low of $3.46. At the end of the last trading period, Marinus Pharma closed at $5.21.

With a Market Perform rating, BMO Capital initiated coverage on WR Berkley Corp (NYSE:WRB). The price target seems to have been set at $76.00 for WR Berkley. WR Berkley earned $1.01 in the third quarter, compared to $1.32 in the year-ago quarter. The current stock performance of WR Berkley shows a 52-week-high of $99.68 and a 52-week-low of $60.89. Moreover, at the end of the last trading period, the closing price was at $69.80.

With a Market Perform rating, BMO Capital initiated coverage on Marsh & McLennan Companies Inc (NYSE:MMC). The price target seems to have been set at $168.00 for Marsh & McLennan. Marsh & McLennan earned $1.18 in the third quarter, compared to $1.08 in the year-ago quarter. At the moment, the stock has a 52-week-high of $183.14 and a 52-week-low of $142.80. Marsh & McLennan closed at $169.60 at the end of the last trading period.

With a Market Perform rating, BMO Capital initiated coverage on Aon PLC (NYSE:AON). The price target seems to have been set at $310.00 for Aon. Aon earned $2.02 in the third quarter, compared to $1.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of $341.98 and a 52-week-low of $246.21. Aon closed at $318.96 at the end of the last trading period.

BMO Capital initiated coverage on Allstate Corp (NYSE:ALL) with a Market Perform rating. The price target for Allstate is set to $130.00. Allstate earned $1.56 in the third quarter, compared to $0.73 in the year-ago quarter. The current stock performance of Allstate shows a 52-week-high of $144.46 and a 52-week-low of $111.85. Moreover, at the end of the last trading period, the closing price was at $124.64.

BMO Capital initiated coverage on American International Group Inc (NYSE:AIG) with a Market Perform rating. The price target for American Intl Gr is set to $64.00. In the third quarter, American Intl Gr showed an EPS of $0.66, compared to $0.97 from the year-ago quarter. At the moment, the stock has a 52-week-high of $65.73 and a 52-week-low of $47.05. American Intl Gr closed at $61.72 at the end of the last trading period.

With an Outperform rating, BMO Capital initiated coverage on Brown & Brown Inc (NYSE:BRO). The price target seems to have been set at $67.00 for Brown & Brown. In the third quarter, Brown & Brown showed an EPS of $0.50, compared to $0.58 from the year-ago quarter. The current stock performance of Brown & Brown shows a 52-week-high of $74.00 and a 52-week-low of $52.91. Moreover, at the end of the last trading period, the closing price was at $60.25.

BMO Capital initiated coverage on Progressive Corp (NYSE:PGR) with an Outperform rating. The price target for Progressive is set to $155.00. For the third quarter, Progressive had an EPS of $0.52, compared to year-ago quarter EPS of $0.19. The stock has a 52-week-high of $135.45 and a 52-week-low of $100.81. At the end of the last trading period, Progressive closed at $125.92.

BMO Capital initiated coverage on The Travelers Companies Inc (NYSE:TRV) with an Outperform rating. The price target for Travelers Companies is set to $212.00. For the third quarter, Travelers Companies had an EPS of $2.20, compared to year-ago quarter EPS of $2.60. The stock has a 52-week-high of $194.45 and a 52-week-low of $149.65. At the end of the last trading period, Travelers Companies closed at $184.04.

BMO Capital initiated coverage on Arthur J. Gallagher & Co (NYSE:AJG) with an Outperform rating. The price target for Arthur J. Gallagher is set to $211.00. For the third quarter, Arthur J. Gallagher had an EPS of $1.72, compared to year-ago quarter EPS of $1.33. At the moment, the stock has a 52-week-high of $201.51 and a 52-week-low of $147.32. Arthur J. Gallagher closed at $190.89 at the end of the last trading period.

With a Market Perform rating, BMO Capital initiated coverage on Goosehead Insurance Inc (NASDAQ:GSHD). The price target seems to have been set at $39.00 for Goosehead Insurance. Goosehead Insurance earned $0.24 in the third quarter, compared to $0.26 in the year-ago quarter. The current stock performance of Goosehead Insurance shows a 52-week-high of $102.06 and a 52-week-low of $29.23. Moreover, at the end of the last trading period, the closing price was at $37.60.

BMO Capital initiated coverage on Ryan Specialty Holdings Inc (NYSE:RYAN) with an Outperform rating. The price target for Ryan Specialty Holdings is set to $51.00. Ryan Specialty Holdings earned $0.25 in the third quarter, compared to $0.24 in the year-ago quarter. The stock has a 52-week-high of $46.40 and a 52-week-low of $32.13. At the end of the last trading period, Ryan Specialty Holdings closed at $41.83.

With a Market Perform rating, BMO Capital initiated coverage on Everest Re Group Ltd (NYSE:RE). The price target seems to have been set at $380.00 for Everest Re Group. For the third quarter, Everest Re Group had an EPS of $5.28, compared to year-ago quarter EPS of $1.34. At the moment, the stock has a 52-week-high of $361.67 and a 52-week-low of $244.57. Everest Re Group closed at $344.49 at the end of the last trading period.

BMO Capital initiated coverage on MediaAlpha Inc (NYSE:MAX) with a Market Perform rating. The price target for MediaAlpha is set to $10.00. For the third quarter, MediaAlpha had an EPS of $0.34, compared to year-ago quarter EPS of $0.10. At the moment, the stock has a 52-week-high of $17.26 and a 52-week-low of $7.59. MediaAlpha closed at $11.82 at the end of the last trading period.

With a Market Perform rating, BMO Capital initiated coverage on American Financial Group Inc (NYSE:AFG). The price target seems to have been set at $155.00 for American Financial Group. In the third quarter, American Financial Group showed an EPS of $2.24, compared to $2.71 from the year-ago quarter. The stock has a 52-week-high of $152.29 and a 52-week-low of $119.01. At the end of the last trading period, American Financial Group closed at $137.31.

BMO Capital initiated coverage on The Hanover Insurance Group Inc (NYSE:THG) with a Market Perform rating. The price target for Hanover Insurance Gr is set to $141.00. In the third quarter, Hanover Insurance Gr showed an EPS of $0.99, compared to $0.85 from the year-ago quarter. The stock has a 52-week-high of $155.55 and a 52-week-low of $123.36. At the end of the last trading period, Hanover Insurance Gr closed at $128.41.

BMO Capital initiated coverage on RenaissanceRe Holdings Ltd (NYSE:RNR) with a Market Perform rating. The price target for RenaissanceRe Holdings is set to $187.00. RenaissanceRe Holdings earned $9.27 in the third quarter, compared to $8.98 in the year-ago quarter. The stock has a 52-week-high of $199.85 and a 52-week-low of $124.18. At the end of the last trading period, RenaissanceRe Holdings closed at $195.07.

BMO Capital initiated coverage on The Hartford Financial Services Group Inc (NYSE:HIG) with a Market Perform rating. The price target for Hartford Finl Servs Gr is set to $77.00. In the third quarter, Hartford Finl Servs Gr showed an EPS of $1.44, compared to $1.26 from the year-ago quarter. The stock has a 52-week-high of $79.44 and a 52-week-low of $60.16. At the end of the last trading period, Hartford Finl Servs Gr closed at $74.31.

BMO Capital initiated coverage on Selective Insurance Group Inc (NASDAQ:SIGI) with a Market Perform rating. The price target for Selective Insurance Gr is set to $90.00. For the third quarter, Selective Insurance Gr had an EPS of $0.99, compared to year-ago quarter EPS of $1.18. At the moment, the stock has a 52-week-high of $98.80 and a 52-week-low of $66.81. Selective Insurance Gr closed at $89.75 at the end of the last trading period.

BMO Capital initiated coverage on Arch Capital Group Ltd (NASDAQ:ACGL) with a Market Perform rating. The price target for Arch Capital Group is set to $65.00. Arch Capital Group earned $0.28 in the third quarter, compared to $0.74 in the year-ago quarter. The stock has a 52-week-high of $64.37 and a 52-week-low of $41.05. At the end of the last trading period, Arch Capital Group closed at $63.39.

BMO Capital initiated coverage on Cincinnati Financial Corp (NASDAQ:CINF) with a Market Perform rating. The price target for Cincinnati Financial is set to $106.00. For the third quarter, Cincinnati Financial had an EPS of $0.73, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $143.22 and a 52-week-low of $88.66. At the end of the last trading period, Cincinnati Financial closed at $101.15.

BMO Capital initiated coverage on Chubb Ltd (NYSE:CB) with a Market Perform rating. The price target for Chubb is set to $225.00. In the third quarter, Chubb showed an EPS of $3.17, compared to $2.64 from the year-ago quarter. The current stock performance of Chubb shows a 52-week-high of $230.27 and a 52-week-low of $173.78. Moreover, at the end of the last trading period, the closing price was at $219.25.

With a Market Perform rating, BMO Capital initiated coverage on Willis Towers Watson PLC (NASDAQ:WTW). The price target seems to have been set at $260.00 for Willis Towers Watson. In the third quarter, Willis Towers Watson showed an EPS of $2.20, compared to $1.73 from the year-ago quarter. The stock has a 52-week-high of $258.43 and a 52-week-low of $187.89. At the end of the last trading period, Willis Towers Watson closed at $251.72.

BMO Capital initiated coverage on Kinsale Capital Group Inc (NYSE:KNSL) with an Underperform rating. The price target for Kinsale Capital Gr is set to $230.00. For the third quarter, Kinsale Capital Gr had an EPS of $1.64, compared to year-ago quarter EPS of $1.59. The stock has a 52-week-high of $334.99 and a 52-week-low of $180.05. At the end of the last trading period, Kinsale Capital Gr closed at $276.41.

ACGL Logo
ACGLArch Capital Group Ltd
$98.38-%
Overview
AFG Logo
AFGAmerican Financial Group Inc
$128.95-%
AIG Logo
AIGAmerican International Group Inc
$78.27-%
AJG Logo
AJGArthur J. Gallagher & Co
$208.45-%
ALL Logo
ALLAllstate Corp
$207.51-%
AON Logo
AONAon PLC
$321.70-%
BRO Logo
BROBrown & Brown Inc
$68.570.15%
CB Logo
CBChubb Ltd
$324.95-%
CINF Logo
CINFCincinnati Financial Corp
$162.77-%
CRM Logo
CRMSalesforce Inc
$189.57-0.08%
DK Logo
DKDelek US Holdings Inc
$34.46-%
DOMO Logo
DOMODomo Inc
$4.110.24%
GSHD Logo
GSHDGoosehead Insurance Inc
$48.69-%
HIG Logo
HIGThe Hartford Insurance Group Inc
$141.25-%
IIPR Logo
IIPRInnovative Industrial Properties Inc
$45.93-%
KNSL Logo
KNSLKinsale Capital Group Inc
$371.32-%
LCII Logo
LCIILCI Industries Inc
$157.13-%
LMND Logo
LMNDLemonade Inc
$63.980.35%
MAX Logo
MAXMediaAlpha Inc
$7.372.79%
MOS Logo
MOSThe Mosaic Co
$29.750.34%
PARR Logo
PARRPar Pacific Holdings Inc
$42.00-2.01%
PAVM Logo
PAVMPAVmed Inc
$10.722.58%
PD Logo
PDPagerDuty Inc
$6.990.72%
PGR Logo
PGRProgressive Corp
$204.53-%
PINS Logo
PINSPinterest Inc
$15.430.05%
PVH Logo
PVHPVH Corp
$68.71-%
QSR Logo
QSRRestaurant Brands International Inc
$66.14-%
REGN Logo
REGNRegeneron Pharmaceuticals Inc
$803.17-%
RL Logo
RLRalph Lauren Corp
$369.18-%
RNR Logo
RNRRenaissanceRe Holdings Ltd
$301.37-%
RSKD Logo
RSKDRiskified Ltd
$4.49-%
RYAN Logo
RYANRyan Specialty Holdings Inc
$39.622.35%
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SGMLSigma Lithium Corp
$13.35-%
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SIGISelective Insurance Group Inc
$86.42-%
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THGThe Hanover Insurance Group Inc
$171.80-%
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TRVThe Travelers Companies Inc
$294.21-%
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WWayfair Inc
$81.40-1.20%
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WRBWR Berkley Corp
$69.70-%
WTW Logo
WTWWillis Towers Watson PLC
$288.060.11%
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