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

Upgrades

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.

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 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.

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.

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.

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.

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.

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 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.

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.

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.

See all analyst ratings initiations.

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